Patterns by HWAFM

Hello newdigital implore you can see my problem
I can not run the EA Here is the log tips Attachment 5615
Attachment 5616
Waiting for you

I just checked in my Metatrader 5 and it works for me :

Attachment 5619

Make sure that you installed everything in right way, for example - read first post of the thread for the links

XAUUSD patterns for downtrend (retrecement) :

Attachment 5962

Attachment 5963

But if we look at MN timeframe so this tool is forecasting uptrend :

Attachment 5964

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I undersrand it as the following:

GOLD will be on uptrend in general, may be - by the end of this year for example. But in short term situation (weeks and months) - it will be downtrend.

Hey newdigital.

Please could you provide me a link for an english version of "HWAFM.pdf" please as I don't understand russian.

I appreciate all the help you've been giving.
Thank You.

There is no english version of HWAFM.pdf sorry (the author does not speak english)

AUDUSD D1 : bearish AB=CD pattern

Attachment 6436

AUDUSD D1 : bearish Gartley

Attachment 6437

AUDUSD D1 : bullish retrecement (formed pattern)

Attachment 6438

AUDUSD D1 : bearish retracement forming

Attachment 6439

Quote:

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Originally Posted by lobogabor

Hi newdigital,
Do you know a way to add additional patterns to the monitor modules?
Are you still using this monitor?
May I ask your favorit method/routine if any lately? (I have read a lot of posts about usage, so do not repeat if not changed)
Thanks

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Those files are having ex5 format, and author said that he does not want to develop this tool ... so sorry

Yes, I am using this tool. My previous post was made today with Metatrader 5 build 910. And this tool woerks with no problem.

How to instal - read the following :

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1. Detailed explanation about how to install - this post and this post.
2. How to use it when installed? - read this post and this post.
3. How to solve some issue with installation - read this post.

I (and other users) had some problems to use this tool with earliy versions of MT5, but for now - it works with no problem for me (MT5, build 910, Asus tablet with Windows 8)

How to use it in short way :

- after installation to MT5 - please, make sure to place it to correct folder - use the following :

Attachment 6440

and open chart with black-and-white color (right mouse click on the chart - Properties - Color - Scheme)

- attach HWAFM_instrument EA to the chart

- wait for data loading

- use separate window to navigate

I installed it on MT5, build 910, Asus tablet with Windows 8 (I can update to 8.1 but I do not want) - and it works with no problem.

As to MetaEditor so this tool is ex5 files (MetaEditor does not work with ex5 or ex4; MetaEditor works with source codes only sorry - author did not provide source codes and that is why we can not improve this tool).

Developing/forming patterns for EURUSD for right now.

MN1 Bearish Retrecement :

Attachment 6480


W1 Bearish Retrecement :

Attachment 6481


W1 Bearish 3-Drives :

Attachment 6482


H12 Bearish Retracement :

Attachment 6483


H2 Bearish Retracement:

Attachment 6484

1. Forming patterns.

I was uploading forming/developing patterns (in your example). It means that patterns were not finished/developed yet. It may be the same as the signal on open bar - open bar is continuing painting, and forming patternds are continuing forming (not finished yet). Some traders are using forming patterns for trading but they use additional indicators in separate window (MACD or Stochastics in overbought/oversold levels for example, because MACD and Stochastics are not repainted).

2. Formed patterns.

There are formed patterns - we see 'bearish' and price moved by 'bearish' ... but it is too late sometimes to open any trade, and it may be used for technical analysis only.

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As to bearish or bullish so I look at the arrow on separate window (up arrow is bullish/uptrend, and down arrow is bearish/downtrend - on separate monitor window).

How to identify - formed patterns or forming patterns?
Formed patterns are in blue arrow, forming patterns are in magenta/red arrow.

I am not a specialist with patterns sorry. But I feel that we may use forming patterns together with the other indicators (MACD or Stochastics in overbought/oversold levels for example) just to predict the price movement in the near future.

As to forming patterns ...

When I see (for example) bearish (or bullish) forming pattern so I understand that we will have downtrend (or uptrend). We do not know when we will have downtrend (or uptrend). But we will have it :)
So, using this tool for forming patterns - we know : uptrend or downtrend.

To know - when we will have uptrend or downtrend - we may use additional indicators.

Example, if forming pattern is showing downtrend together with Stochastics in overbought condition (about 70 or 80 by value) so it is indicating that this downtrend will be very soon (just few bars after).

If all forming patterns for some pair is showing bearish for all the timeframes started with H1 to W1 or MN so it is indicating that this pair will go to downtrend in the near future. Good to open sell trade using MACD for example - I traded this case (to prove it) with MACD.
Same with bullish.

About this post?
I am expecting bearish.

I will upload some charts during this weekend with more explanation.
But I am not professional with patterns so I just explained about what I know by practics with it (with this tool).

Quote:

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Originally Posted by lobogabor

Thank you, I still do not know what your expectations were based on the EURUSD pics you sent. Sorry.
Is it possible we pick one case during the weekend, or on Monday and we work through of what we see and what we can expect? What are the hours of yours to communicate and look at the market more or less real time?
I will try to adjust, so we could do it if you agree.
Please let me know,
Tnx

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It was long time ago when one coder on tsd forum created EA for me and uploaded it to 10points thread there. It was semi-automatic EA based on MACD. It worked on the following way: I need to know - buy or sell during the day, make EA for buy only or sell only, and EA is trading. EA was very profitable.

To know - buy or sell during a day - I used this HWAFM tool. And it was very profitable.

That is why I like this tool.

When all developing/forming patterns started with H1 till W1 or MN are showing bearish so I am trading manual systems for downtrend only by using any time manual systems (any my manual system for my timeframe - any timeframe). In this case I am using MACD or Stochastic anyway (I like Stochastics in overbought/oversold levels) with my timeframe just for confirmation.

If I want to take one single pattern into consideration for one timeframe (H2 Ret bearish for example) so I am using "Macd/MA cross/RSI and other oscillator entry method" for same timeframe (H2 for example).

Quote:

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- What TFs you pick for direction

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Time frame of pattern, or timeframe of my trading system in case of all patterns are with same direction

Quote:

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- what patterns you pick for direction

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I am using forming/developing patterns. Any with direction.

Quote:

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- what is your entry TF with your Macd/MA cross/RSI and other oscillator entry method?

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In case of one pattern - entry tf is timeframe of pattern, in case of all patterns with same direction - any timeframe (timeframe of my trading system).

Just an example - EURUSD - look at red arrow - those arrows are showing the direction of patterns, if all of them are in one dorection so it is very good (for trading).

In my example (image) - all red arrows (forming/developing patterns) are showing downtrend except H1 and H2 timeframes (but it should be all in one direction) :

Attachment 6574

Yes.

But please note that those are developing/forming patterns - means - the patterns are continuing forming. I mean - everything may be changed ...

Quote:

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Originally Posted by lobogabor

Unerstood, but as for start considering entry with a method, this is now the ideal as you described (GbpUsd)

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Yes, it may be this case :

Attachment 6591

Just one pattern for H4 is on uptrend :

Attachment 6592

If we look at Ichimoku charts so we understand that no any downtrend is going for now.

D1 - breakout may be going soon (it is flat for now)

Attachment 6593

H4 - uptrend and breakout may be going soon

Attachment 6594

H1 - breakout is going on now

Attachment 6595

But why this pattern tool is showing downtrend for all forming/developing patterns if we see that this pair is on uptrend and will be on uptrend in the near future?

Because this pair is on overbought condition ... we can attach 3 stochastic indicators with the setting 5/3/3, 34/9/9 and 100/5/5 and we see it :

Attachment 6596

Attachment 6597

Attachment 6598

Attachment 6599

Attachment 6600

What does it mean? It means the following :

• The price is on overbought condition so GBPUSD should go to correction or reversal on the near future (concerning technical points of view)
• But for now - price is on uptrend (bullish) with possible breakout for uptrend to be continuing
• It means the following: economic news events only can move the price to breakout and for continuing bullish trend (concerning fundamental points of view).

So, concerning our example with GBPUSD - we know that it will be downtrend, and we know 'why'. But we do not know 'when it will be happened'.

To know 'when' (time) - I used standard MACD indicator. If we attach MACD now to many timeframes of GBPUSD - we will see buy signal (not sell signal). To catch sell signal - we will need to monitor the situation ... (sitting near PC all day and night ...)

To make it shorter - we need EA based on MACD (for example) which will open the trades for buy only and sell only (semi-automatic EA). I used some EA for that but I did not find it now in my PC ...

Quote:

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Originally Posted by newdigital

To know 'when' (time) - I used standard MACD indicator. If we attach MACD now to many timeframes of GBPUSD - we will see buy signal (not sell signal). To catch sell signal - we will need to monitor the situation ... (sitting near PC all day and night ...)

To make it shorter - we need EA based on MACD (for example) which will open the trades for buy only and sell only (semi-automatic EA). I used some EA for that but I did not find it now in my PC ...

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How did this EA work? This is example with buy trade for GBPUSD (I used H1 timeframe; EA was based on 10points EA - with stop loss, 10pips take profit, and 'martingaling' instead of stop loss) :

Attachment 6602

But according to our situation with GBPUSD (in case we already have this EA) so I should attach it to GBPUSD H1 chart with 'sell only' option. So, EA will wait for sell.

I like Ichimoku because I understand this indicator (because it is easy for me). I check D1, H4 and H1 timeframes with Ichimoku.

No, they are different timeframes.
D1 is daily, H4 and H1 is intra-day. D1 is higher timeframe compare with H4 and H1.

I check those 3 timeframes just because Ichimoku indicator is working well on those timeframes. I am checking market condition. Yes, I check all timeframes (every day in the morning).

Quote:

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Originally Posted by lobogabor

Have you ever tried Ichimoku EA for entries acording to your direction?

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Not. Because many Ichimoku EAs are made based on 1 or 2 Ichimoku signals only. But this indicator is having more than 6 signals and it should be sorted according to the rating. I did not see any EA which can take it onto account. Because I use Ichimoku for technical analysis, not for trading.

I traded using Ichimoku but using D1 timeframe only.

I traded manually and it was not difficult to do ... but everything was going very slowly: few trades in a month only for all the pairs (I traded Chinkou Span/price crossing).

I explained - it was few trades in a month for all the pair (I traded manually).

• I was not very interesting for me to trade manually on this way (1 or 3 trades in a month for all the pairs)
• Besides, I posted the results on the forum (tsd) on that time and it was not interesting for the members.
• Igorad created his ScheduleTrader EA and Signal Trader EA so I decided to make the trades using manual Maksigen system (few trades in a week) and making them as the signal (for everybody to follow)

Why are you asking?

Quote:

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... The number of entries should not be the problem if all BIG winners ...

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It is the problem. Because I traded manually for myself + I posted results live on the threads (on the way "trade with me"). And for example : 4 trades for 3 months ... I am sorry but no one is interested to follow the thread with 4 trades in 3 month.

As to me so I am having as many EAs, indicators and system so I can make a choice what to trade manually.

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Because if few trades in a month - it is not a trading. It is technical analysis, on the way as I did by Signal Trader EA: create pending orders on Monday for all week till Friday. I mean - they are the trades to confirm technical analysis suggestions and predictions.

It is what I understood on that time.

This is intersting situation for some pairs concerning the market condition. For example - AUDUSD. There is breakout is going on for W1 timeframe: Chinkou Span line crossed the price on close bar.

If the price will break 0.9425 resistance on close W1 bar so this price will become inside Ichimoku cloud by breaking one of the border of this cloud - Sinkou Span A. By the way, this border (Sinkou Span A) is the virtual border between bearish and bullish on the chart.

Anyway, if the price will come to Ichimoku cloud so we may see the ranging market condition within primary bullish.

Attachment 7893

The nearest resistance for D1 timeframe is 0.9437 :

Attachment 7894

As to the patterns so we see retracement developing pattern for uptrend (MN1) timeframe):

Attachment 7895

and developed/formed patterns for uptrend for H4:

Attachment 7896

This HWAFM tools work now with MT5 new builds. And it is interesting situation for GBPUSD D1 for now.

1. Ichimoku D1 chart.
Chinkou Span line of Ichimoku indicator is breaking the price on open D1 bar trying to break 1.6991 resistance as well:

Attachment 7916

2. Pattern D1 chart
We can see 3-Drives pattern just forming for D1 downtrend together with forming Retracement pattern for D1 doiwntrend as well :

Attachment 7917

Attachment 7919

and we can see bullish already formed Retracement pattern for D1:

Attachment 7918

So, concerning my understanding - this is false breakout on D1 ... the price is in overbought condition ...

If we look at Fibo at D1 timeframe so it is overbought too:

Attachment 7920

and if we look at support/rtesistance lines so we see that D1 price should break 1.6991 resistance on close D1 bar for this breakout to be happened ...

Attachment 7921

so ... will see ...

USDCAD H8 retracement formed pattern:

Attachment 8093

Just found interesting way to use those patterns for trading: we can do it together with Price channel indicator or PriceChannel_Stop indicator:

Attachment 10159

Attachment 10160

Price channel indicator is attached, and PriceChannel_Stop indicator is here:

PriceChannel_Stop
- PriceChannel_Stop_v9 indicator is on this post.
- PriceChannel_Stop_v9 indicator for Metatrader 5 is on this post.
- PriceChannel_Stop_v9.2 indicator is on this post. This version of indicator is having the algorithm which fully corresponds to the latest versions of the FractalChannel_Stop and VoltyChannel_Stop.
- PriceChannel_Stop_v9.2 600+ indicator is on this post. This version works with Metatrader 4 build 600 and above.

There are some other patters (for GBPUSD) - HWAFM tool together with PriceChannel_Stop indicator (see previous post):

Attachment 10184

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