Indicators: Reversal

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Reversal:

The indicator displays trade opening signals based on the author's 'Reversal' trading system.


Author: Sergey Vradiy

 

Sergey, good afternoon.

HAPPY NEW YEAR!

Tell me, is it difficult to write an EA based on this indicator? Thank you.

 
Andrey Sigitov:

Sergey, good afternoon.

HAPPY NEW YEAR!

Tell me, is it difficult to write an EA based on this indicator? Thank you.

Happy New Year to you too! It is not difficult to write an Expert Advisor. I plan to do it, but I haven't had time yet. There are some nuances. For example, where to set stoploss. Strictly according to the system - literally a few pips outside the reversal candle: just above the maximum or below the minimum. But in some cases there is a sharp widening of the spread and therefore the order can be rejected. You will have to move the stop further out, which changes the situation. Or provide for a temporary automatic shutdown of trading on the release of important news.

 

My plan was to open on the market without paying attention to the spread. Just take a certain fix (small) profit points and that's it.

When waiting for news, I usually switch off EAs completely).

Sergey, does the indicator work on all time intervals? I just read about H6. I thought the indicator does not work on other timeframes.

 
Andrey Sigitov:

My plan was to open on the market without paying attention to the spread. Just take a certain fix (small) profit points and that's it.

When waiting for news, I usually switch off EAs completely).

Sergey, does the indicator work on all time intervals? I just read about H6. I thought the indicator does not work on other timeframes.

On H6 it works almost guaranteed: there are 120 hours in a working week, so 10 candlesticks on a 6-hour interval means half of the week, when the probability of a change of direction is very high. On other intervals the coincidences are random. As for the spread, you cannot ignore it: just try to open and set a close stop-loss during the release of important news. It is crucial how close you can set it.
 

Hello, is it possible to post an indicator for MT4

 
pensionerAVB:

Hello, is it possible to upload an indicator for MT4

I don't have it, but I can make it.
 
'iBarShift' - ambiguous call to overloaded function with the same parameters Reversal.mq5 149 22

 
Nibelungen:
'iBarShift' - ambiguous call to overloaded function with the same parameters Reversal.mq5 149 22

It makes the most sense if you:

Speak German here

Can ask a real question

could add useful information.

 
Christian:

It makes the most sense if you:

Speak German here

Can ask a real question

could add useful information.

Don't be so hard on 'Nibelungen', that's the error message of the en version of the compiler.

The Indi is old junk anyway that was cobbled over from MT4 to MT5. iBarShift() commented out and at least the error is gone.

But what is buffered around in OnCalculate() is horrible, where o,h,l,c are delivered either way.

I'll take a closer look at it.

myPoint is defined and not used anywhere. The nonsense with: 

   myPoint=Point();
   if(Digits()==5 || Digits()==3)
      {
         myPoint*=10;
      }

is only needed if you use the wizard's system libraries, which are in need of an overhaul.

 
Otto Pauser:

Don't be so hard on 'Nibelungen'

There is discipline and order here! :-)

...that was buttery soft with pre-Christmas charm ..at least I thought so

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