This is a discussion on Harmonic Trading within the Trading Systems forums, part of the Trading Forum category; Alternatively - you can use search on the Market tab in Metatrader -...
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Existing candlestick analysis methods were analyzed in the previous article. We found out that they are not universal and are not suitable for all conditions. On the contrary, before using them, you should perform additional verification for the specific financial instrument, timeframe etc. I.e. for the conditions in which the patterns will be used.
The specifically designed approach also enables the individual analysis of each pattern for a selected financial instrument or a set of instruments. It also allows finding possible correlations between predefined parameters, including the timeframe or sample range, as well as specially entered metrics, such as frequency of occurrence, probability of movement in a certain direction after the pattern formation.
The analyzing method only concerned 14 patterns selected from a large variety of existing candlestick formations. It is impossible to analyze all the patterns one by one, therefore another solution was found. The key feature of all the patterns examined earlier was their basis, i.e. what they consist of. Four of the analyzed candlestick patterns consisted of one candlestick and ten of them consisted of two candles. The analyzed candlestick patterns consisted of different sets or sequences of six candlestick types.
Table of contents
- Introduction
- Determining the task
- Update of the interface prototype
- Implementation of tools
- Demonstration
- Conclusions
more...
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Andrews Pitchfork - expert for MetaTrader 4
"Andrews Pitchfork" EA draws Andrews Pitchfork on chart and trades with its trend,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.
Is there ZUP for MT5? Looking for it.
Or someone who can convert it for me
The author of ZUP is here (his profile on mql5) https://www.mql5.com/en/users/nen, and he is having the difficulties to convert it for MT5 (according to this thread)
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From the author - post #10 -
more..In 153 versions changes are made. These changes strongly influence work methods with ZUP. The description in Russian: https://www.mql5.com/ru/articles/6363
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The author of ZUP indicator (Nen) created the thread on mql5 forum and uploaded ZUP indicators several versions by source codes.
This is the thread here.
or download it from here.I uploaded the source codes of the ZUP indicator.
The only requirement. Do not use those codes for selling.
Perhaps someone will find useful algorithms in the codes. At the beginning, the code was based on a procedural paradigm. When OOP appeared in the MQL language, OOP elements were introduced into the code. The result was a mixture. But everything works.
List of articles:
1) ZUP - universal zigzag with Pesavento patterns. Part 1 (April 2007): https://www.mql5.com/en/articles/1468
2) ZUP - universal zigzag with Pesavento patterns. Part 2 (July 2007): https://www.mql5.com/en/articles/1470
3) ZUP - universal zigzag with Pesavento patterns. GUI (January 2017): https://www.mql5.com/en/articles/2966
4) ZUP - universal zigzag with Pesavento patterns. Search for patterns (February 2018): https://www.mql5.com/en/articles/2990
5) ZUP - universal zigzag with Pesavento patterns: Graphical interface. Additions and changes. Andrews Pitchfork at ZUP (April 2019): https://www.mql5.com/en/articles/6363
Images should be placed in the Images folder, code files in the Indicators folder of the corresponding version of the terminal.
The version for MT5 is slow. This is due to the features of the MT5 terminal. Somewhere on the forum, I raised a topic on this issue. There was no desire to get involved in the discussion. If anyone is interested, they can optimize. If possible. But, in my opinion, this topic is more for terminal developers.
The version for MT4 works smartly. At one time, the code was optimized as much as possible for speed. And the same code was ported to the MT5 version. But with the bells and whistles required by the MT5 terminal.
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The versions were uploaded 'as is'. The Market versions of ZUP may be improved and corrected accordingly.
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Further development of ZUP is not planned.
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ZUP indicators as the latest (always updated/fixed versions) selling by the author on MQL5 Market -go to this mql5 link.
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