Discussion of article "The Implementation of Automatic Analysis of the Elliott Waves in MQL5" - page 5

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TELL ME WHERE TO PUT IT. Expert Advisor's selfogle or together with its folder. and Elliott wave folder itself and what is in it or the indicators themselves. I do not show anything. The Expert Advisor is placed on the chart and nothing happens. I click start analysis and the chart is clean.
 

After installing and working with the EA, i have conclude that the elliot wave ea isn´t working on the daily graph and smaller timeframes. EA is only working on the monthly and weekly timeframe.

Since installing i´m trying to get this ea working as a automated trading machine. But is here someone who can tell me how to solve this question? Or is here someone who´s got is already working?

Documentation on MQL5: Standard Constants, Enumerations and Structures / Chart Constants / Chart Timeframes
  • www.mql5.com
Standard Constants, Enumerations and Structures / Chart Constants / Chart Timeframes - Documentation on MQL5
 
This is a great article containing great descriptions and detailed explanations. A real and usable article. I think the author garnered even higher respect with his programming as well as his ability to structure and cluster data.

I think that elliot wave can be really useful. I would be looking further at this in the coming days as I have to install the who package first.
 

Hi Roman, seems that there are bugs in the code especially regarding wave finalization - it tends to be always [A], (A), [a], (a) and so on) - very conservative.

Also for EUR / USD dayly with 365 days history from now notice incorrect (A) (B) (C) correction right after this May's highs  (order is reverse pricewise). Did you have a chance to upgrade with more Elliot rules such as Fibonacchi, wave extention, expanded flat etc. ?

 

Gentlemen, good day! Please tell me how to install this Expert Advisor in the terminal step by step

 

Installed AutoElliottwave, but can't mark up waves in automatic mode

 

I can't install, nothing happens on the chart when you click analyse!!!!!??????????????????????

who will help, in reply silence how many posts I did not post...

 
Maybe it is not an indicator, but a script? It works manually anyway, not on every tick.... But even without it, it's still great. Thank you.
 
VitoGarm:

I can't install, nothing happens on the chart when you click analyse!!!!!??????????????????????

who will help, in reply silence how many posts I did not post...

The structure of the archive suggests. This is the MQL5 folder. It is located either in the terminal folder or in the AppData folder. Further - the path that is generated during the terminal installation. Create ANY indicator (you can even create an empty one) using the unitor, then see where this indicator is located. Unpack it there.
 
3 Methods to Identify Trend Resumption (based on dailyfx article)

  • Why Focus on Trend Continuation?
  • What Does A Common Correction Look Like?
  • How to Identify the End of a Correction & Resumption of Trend?

Traders often love to trade a good story. Who blame them? Few things are as exciting as a story that makes sense and price action that mathes the story as you collect the pips.

Why Focus on Trend Continuation

Trend continuation is where a majority of trend traders enter trades and make money. However trends correct or end. This even develops with trends that come with great stories.

However, trends come to an end. Even if the trend will eventually resume, which we hope it does, trends will at least temporarily correct as profits are taken. This is where the uncomfortable discipline of patience becomes a must as trend traders wait out the correction before the trend resumes.

What Do Common Corrections Look Like?

Corrections can take many forms. The most common correction is known as a 3-wave correction or zig-zag in Elliott Wave terms but there are more complex corrections as well. The more complex corrections are known as triangles.

Trend traders are right to fear complex corrections like a triangle. Correction often due trend traders little favor but to waste time and eat up capital as they hope to catch a breakout. Thankfully, there is a simple correction that is easy to spot and easy to wait for it to break that was earlier introduced as the zig-zag correction. If a correction is not easily recognize, it is often best and most profitable to leave it along until a clear breakout develops.

How to Identify the End of a Correction & Resumption of Trend?

There are 3 ways that can help you confirm the end of a correction. While none of these are guaranteed to bring about an incredible trend resumption, they will signal that the momentum is back with the trend. The three methods listed in order of least aggressive to most aggressive are; price breaks of a corrective highs in an uptrend or corrective lows in a downtrend, corrective price channel breaks, and an RSI-break back in the direction of the prior trend.

Closing Thoughts

For most traders, correction are better left alone. It’s important that you have patience to trade well and now you know multiple tools to help you identify trend continuation. Once the correction is over and the trend has resumed, make sure you manage your risk!

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