Thanks again.
Appreciated
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Thanks again.
Appreciated
AllHeiken-Ashi_trend first version
Proposed by matfx
Attachment 7344
Attachment 7345
Indicators (all indicators work with Metatrader 4 build 600 and above).
- AllHeikin-Ashi_v2.4 indicator for MT4 build 600+ is on this post. Updated: this indicator was updated so please download the latest version from this post. This is version coded for 600+ build.
- AllPivots_v3.8 indicator is on this post. AllPivots_v3.8 indicator was improved to AllPivots_v3.9 600+ indicator with 'no Sunday bar' - look a this post.
- BBands_Stop_v3.0 600+ indicator is on this post.
Template:
- allheiken-ashi_trend_first.tpl (attached)
How to install
- Open Metatrader 4
- Go to File - Open Data Folder (in menu)
- Find MQL4 folder and find Indicators folder inside it
- Place 3 indicators inside MQL4/Indicators folder
- Place template file to templates folder of Data Folder directory
- Restart Metatrader
- Open the chart of your selected pair M30 timeframe
How to trade
- follow the rules described by matfx above
- but I think - we can enter on price/yellow pivot line crossing with BBands_Stop_v3.0 as a trailing stop and pivot lines as the target profit.
AllHeiken-Ashi_trend second version
This version is same with first one (see previous post) with the following exception: we are using additional indicator to confirm the entry.
This indicator is I_XO_A_H_5d (it can be download from this post) -
- red color of this indicator is for sell entry confirmation
- green color is for buy confirmation
Template is attached
Timeframe - M15 or M30
Attachment 7346
So, how it works in practics
in case of buy or sell signal - you will see alert- for example:
2014.05.30 15:30:41.228 BBands_Stop_v3.0 600+ USDCAD,M30: Alert: BBands_Stop_v3.0 600+(USDCAD,M30) : BUY Signal at 1.08400, StopLoss at 1.08287
and you can go to the chart:
Attachment 7355
to decide: to open trade or not to open trade.
Just on case of this image - I got alert to open buy trade at 1.0840 and if I did it so I should receive 20 pips in profit (because it is 1.0860 now).
This is the situation fow now:
price touched R1 level of pivot indicator (which is one of the profit level) with 26 pips in profit (in case we opened the trade in 1.0840 according to alert)
Attachment 7357
I think - it does not matter about which timeframe: M30 or M15. Because this is daily pivot (all indicators are with default settings) so we can see it by ourselves - M15 timegrame same setup:
Attachment 7358
I put a stochastic with setting 14.3.3 on this system EURUSD 15 min chart, but it is quite jumpy to filter the signal.
Attachment 7359
But if we apply your second edition which using I_XO_AH_5D the scenario quite different.
Attachment 7360
Yes, you are right -
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I think, the second version may be the idea for EA. Because this second version is able to filter false entrance for example.
I opened Metatrader too late today because AUDUSD is already on 3rd profit level:
Attachment 7420