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2 years
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demo versions
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I started learning C programming in 2010. From there I picked up many languages.
I'm working on several indicator projects and EA concepts.
I'm working on several indicator projects and EA concepts.
Conor Mcnamara
stash of zigzags 😆
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Show all comments (4)
Conor Mcnamara
2025.03.05
one zigzag wants to talk about the peak, but the other one keeps talking about the bottom 😆
Lorentzos Roussos
2025.03.05
😆😆 the bar says , "how come you guys are here im not closed yet"
mapdonemap
2025.03.06
this is fun, keep going guys :)
Conor Mcnamara
If anyone finds prev_calculated confusing (like I initially did) in MQL5, have a look at this blog post https://www.mql5.com/en/blogs/post/760917
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Conor Mcnamara
Now have this idea rattling in my mind for a zigzag that forecasts the next leg. Also a grey color that the leg changes to when it's deemed that no valid forecast can be made (during a consolidation period for example)
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Conor Mcnamara
2025.03.04
that's nice to know, I guess it could be built in many different ways, it could be more reactive to the price (maybe based on a quant indicator), or it could be more about predictive techniques
Conor Mcnamara
Published code Autoscaling Zigzag
A zigzag indicator that uses a single input to adjust the step size for detecting wave direction changes
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Conor Mcnamara
the person who owns this house must have become successful with the zigzag indicator
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Conor Mcnamara
Added topic I'm very close to abandoning a practice conversion
I set out to do a practice conversion to convert a more tedious MQL4 indicator to MQL5. This wasn't for anything other than practice, and because I'm focusing on MT5 now. I thought, maybe I can do it in 30 minutes... but no, this wasn't the case at
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Conor Mcnamara
If gold starts rallying now, it could be a great buying opportunity. It looks like a support is found on the H1 timeframe, but doji candles suggests indecision, and the trend is uncertain.
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Conor Mcnamara
Added topic Experiencing an issue with objects when two separate window indicators are on the same chart
I wanted to create a text object to measure the "power" on the last histogram bar for the bears power and bulls power indicators. It seems that there are no issues with the placement of the text object if I load one single indicator on the chart
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Conor Mcnamara
If it's hard to see the market sentiment, it's good to use these bears and bulls power indicators and color the histograms this way
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Conor Mcnamara
If you have a trading system, and you know that the entries corresponding with the system are good, then a tight stop loss or a tight trailing stop is *not* a good idea. If the entries are good, then you should have at least a wide stop loss. Predictable stop losses are being hunted by institutional traders and hedge funds to force retail traders out.
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Yashar Seyyedin
2025.02.27
Yes tight stop loss is not something ever worked for me. But I would say we should not focus on stop hunting when it comes to designing a strategy. All you can do and will do is putting your SL where the backtests end up in consistent profitability.
Conor Mcnamara
2025.02.27
true, it depends on how precise the entries are, some strategies might use an entry based on tick trend and in that case a tight stop might be part of the system. Most entries based on normal signal indicators can get stopped out easily though
Conor Mcnamara
It would be nice to see crypto rallying again, but now it's worrying as Bitcoin is testing the 200 day moving average on D1 timeframe
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Lorentzos Roussos
2025.02.26
I think the 4 year cycles are over , it will pick up again and also there may be another meme run during summer.
Conor Mcnamara
2025.02.26
It should definitely be bullish at some point this year. Next year might be a true bearish market (at least it's expected to be that way)
Conor Mcnamara
Today was very uneventful in Gold for new trades. It looked like a lot of profit-taking was going on as it's near the record highs and the weak US data has people concerned. I wasn't looking at the M5 timeframe, but it seemed like that's where the intraday trend was. It wasn't possible to hold anything
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Yashar Seyyedin
2025.02.26
Me too. Too few trades this week. Only a buy the dip in stocks yesterday and that is all.
Conor Mcnamara
It's possible to protect your initial deposit with code..as live equity can be monitored, so when you compare the equity to balance, you can "save" your initial deposite from a disaster. It's very simple code
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Conor Mcnamara
swing trades on the EA (visual backtest)
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Conor Mcnamara
2025.02.21
yes just simply based on bar confirmation, I constantly track the index of the zigzag buffer, then I use 2 or 3 bars of confirmation to confirm that the leg stopped it's continuation
Lorentzos Roussos
2025.02.22
You could measure that in theory, in my zigzag i track changes of the leg , i'll add this too as "delays" and "max delay" looks interesting .
Conor Mcnamara
I recently launched a signal which is based on algo trading with zigzag. It is known that the zigzag isn't a signal indicator, it's mostly for swing analysis and wave theory, but it can be combined with quantitative indicators or fib retracement levels, or other drawings and filters to give signals. In the EA I built, I extended the algo so that it finds out when the leg stops moving. When this happens, it could mean a support or resistance is found, and a signal is produced on this event way before the opposite leg comes, therefore giving "timeliness" to the zigzag. I also introduced an MA into the core logic so that the MA filters the swings and aids the algo so that it will prevent premature swings. I don't know how successful this will be as a fully automated EA, so let's not expect miracles. Eventually I can make it available to download if it's not overly risky. I'm dedicated to building trading software which is profitable and not destructive.
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Ahmd Abrahym Mhmwd Abrahym
2025.02.20
Good luck , looking forward to see the results , please share it when you can :)
Conor Mcnamara
Added topic Is it possible to emulate one EA inside another EA script?
Let's say you like the performance of an EA over a certain period, but you are unwilling to use it because of the fact that it lacks any risk management features. In this case you could code another EA which applies the desired risk management
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Conor Mcnamara
Added topic Explain the post attachment rule
Why must attachments on posts only be .mq5? For example, if I didn't want to post code, I could just attach it as a text file which is handier for the recipient. But apparently there is a problem with that
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Conor Mcnamara
Published code Intrabar Volume Flow
An indicator which visualizes how volume changes over time within each bar. It shows tick volume in a rolling histogram format.
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