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ppc123

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Posts posted by ppc123

  1. Metatrader 5

    in General Forex Discussions

    Posted

    Re: MQL5 Manual draft released

     

    I think it's still too early to look at MQL5 stuff...

    I have confidence that MQL5'll be better anyway, introducing more complex data structures and OO concept will only be welcome by more developers.

    (I prefer to debug in Visual Studio directly, though.)

  4. [Req]EA protecter required,ForexCIOEX4Armour or MQL Defender

    in MetaTrader Expert Advisors Request

    Posted

    Re: [Req]EA protecter required,ForexCIOEX4Armour or MQL Defender

     

    I think that's quite easy to protect your codes, just move some major codes to C/C++ projects, and compile them to DLLs...

    For each function call, require the EA to input the unique username and password, and do periodic checking by connecting to your server, if found that someone educated your codes, or multiple usages in different computers... >:)

  5. London Sunrise EA

    in MetaTrader Expert Advisors

    Posted

    Re: (Req) London Sunrise EA

     

    Because the creators are the same as Poison, I don't think this EA is of any good for long-term.

    Instead of relying on this EA, why not just study the source of London Forex Rush, and make EAs yourselves? This way, you can observe the results, and fine-tune the entry/exit/money management logics and parameters yourselves periodically...

  12. pivot point calculation

    in General Forex Discussions

    Posted

    Re: pivot point calculation

     

    Beside the pivot points, the levels calculated using Murrey Math are quite accurate... You can refer to that Murrey Math indicator, which can be found by a search in google.

     

     

    Also, some notes copied from earnforex.com:

     

    The floor pivot points, presented in the first column of the calculation results table, are the most basic and popular type of pivots used in Forex trading technical analysis. The pivot point is interpreted as the primary support/resistance level - the point at which the main trend will be born. First-third level resistance and support points serve as additional indicators of possible trend reversal or continuation. The rules to calculate floor pivot points are quite simple:

     

    Pivot (P) = (H + L + C) / 3

     

    Resistance (R1) = (2 X P) - L

     

    R2 = P + H - L

     

    R3 = H + 2 X (P - L)

     

    Support (S1) = (2 X P) - H

     

    S2 = P - H + L

     

    S3 = L - 2 X (H - P)

     

    Other popular method of calculating a simple TA indicator which helps trader to forecast future trend is Tom DeMark's pivot points. Which are not pivot points exactly, but predicted low and high of the period. To calculate DeMark's pivot points follow these rules:

     

    If Close < Opencurrent Then X = H + 2 X L + C;

     

    If Close > Opencurrent Then X = 2 X H + L + C;

     

    If Close = Opencurrent Then X = H + L + 2 X C;

     

    New High = X / 2 - L; New Low = X / 2 - H

     

    Woodie's pivot points are similar to floor pivot points, but are calculated in a somewhat different way, giving more weight to the Close price of the previous period. Use the following rules to calculate Woodie's pivot points:

     

    Pivot (P) = (H + L + 2 X C) / 4

     

    Resistance (R1) = (2 X P) - L

     

    R2 = P + H - L

     

    Support (S1) = (2 X P) - H

     

    S2 = P - H + L

     

    Camarilla pivot points is a set of eight very probable levels which resemble support and resistance values for a current trend. The origin and the precise way to calculate these pivot points are unclear. The most important is that these pivot points work for all traders and help in setting the right stop-loss and take-profit orders. I use the following rules to calculate Camarilla pivot points:

     

    R4 = (H - L) X 1.1 / 2 + C

     

    R3 = (H - L) X 1.1 / 4 + C

     

    R2 = (H - L) X 1.1 / 6 + C

     

    R1 = (H - L) X 1.1 / 12 + C

     

    S1 = C - (H - L) X 1.1 / 12

     

    S2 = C - (H - L) X 1.1 / 6

     

    S3 = C - (H - L) X 1.1 / 4

     

    S4 = C - (H - L) X 1.1 / 2

  15. Renko Bars Chart fo MT4

    in MetaTrader Indicators

    Posted

    Re: Renko Bars Chart fo MT4

     

    its not working for me.. anybody succes load this scrip?

     

    Have you read the txt in the zip file? You need to open the related offline chart after you run the script...

     

     

    How to use it:

    - put the script in MT4/experts/scripts directory;

    - restart MT4;

    - you should be able to find bar script in the Navigator scripts tree;

    - make sure that you have allowed for DLL imports: Tools->Options->Expert Advisors

    'Allow DLL imports' should be ticked and 'Confirm DLL function calls' unticked;

    - drop it on a chart with a Symbol you wish to create constant range bar chart;

    - File->Open Offline->Symbol,M2 contains desired chart.

    (If M2 time frame conflicts with other chart, simply change TimeFrame input)

  16. Should all EA seller provice live forward test

    in General Forex Discussions

    Posted

    Re: Should all EA seller provice live forward test

     

    Just try to put yourselves in the position of trading system developers... if you've made a system which you've great confidence in, and it really shows great performance in quite long period of time, will you still consider sell it to the public?

     

    It's just a matter of fact that, those EAs floating around in the funny market are either incomplete, or only curve fitted for a period of history, or just experiments based on some sort of theories which developers still feel uncertain...

     

     

    If you're not developers, try understand the EAs you use completely, or you're just gambling...

    If you're developers, try understand them and use the good features in your system.

  18. Renko Bars Chart fo MT4

    in MetaTrader Indicators

    Posted

    Re: Renko Bars Chart fo MT4

     

    This is what they use for the Nitro C4 concept seemingly with good results (manual trading). Any other Renko indicator including the ones posted on the MQL codebase are not accurate except for this one. Somebody on the C4 FF forum stated that the developer of the S-Renko script had an issue with 5 digit brokers but he fixed it as of lately. Is this the latest version with that fix included you think?

     

    Regards

     

    Yes, I know some people using C4 scalping get win-loss ratio higher than 50:1... which is quite interesting.

    For the Renko script, it'll ask you "5 digits broker detected, rescale BarsRange?" if you run it on 5-digit platform.

  21. Any Linux user? What is your trading platform?

    in General Forex Discussions

    Posted

    Re: Any Linux user? What is your trading platform?

     

    I've been running MT4 under Linux for more than half an year... both live and demo... stable so far.

    Icons transparent, backtester alright, expert settings can be changed correctly...

    MetaEditor is also okay, except the help tab which kinda troublesome.

     

    If something runs incorrectly, it's just a matter that you've not registered dlls correctly, and maybe even some dll missing or wine setting incorrect.

     

    I've made a dll list for the MT4 with the help of dependency walker, but I've lost the file... you can made the same list anyway.

    Btw, the dlls dependent seen in dependency walker are not all neccessary, because many of them should be overrided by Wine's ones, just have some trials you'll be okay.

  22. Renko Bars Chart fo MT4

    in MetaTrader Indicators

    Posted

    Re: Renko Bars Chart fo MT4

     

    I also got an empty chart too...

    Just skim the source code, you'll find that there's no init() function, so the most recent bars' conversions are done after the first tick triggering the start()...

     

    When the forex market is not open, like now, not even a tick comes, so data conversion won't be done...

     

     

    Btw, this script is much more superior than others... It seems that we can attach EAs directly to the Renko chart, which is good for scalping! 8-)

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