vx13

Can you recommend, indeed, share a good volume indicator for MT4, please?

http://www.forexfactory.com/showthread.php?p=3775720#post3775720

The volume indicator in that post is what I use. But honestly, I just like it for the pretty colors.

The volume indi that comes with MT4 works just as well.

So download that if you like pretty colors. Otherwise, no one volume indi is better than another. However, certain volume-indi traders are better than others. Big difference :]

It all boils down to the individual and their skill. Not their indi.

vx13, you said that VSA has generated a great deal of profit for you but how do you decide what stop loss and take profit to use when trading using VSA? So far I have not come across any explanation of this so I'll really appreciate any advice you can share on this. Is it that VSA shows only the general background of the market, then we will need another methodology/indicators to know the best buy/sell price to enter the trade and the best stop loss and take profit to use for the optimal reward to risk ratio?

Replied to your PM.

If you want a manual on how to trade this, pick up Master The Markets by Tom Williams. It's the only manual you'll ever need with or without this indicator set.

This indicator set is built solely to supplement and ease the analysis of any VSA Traders (like myself).

Anyone looking for a get-rich-quick system, this isn't for you.

That aside, VSA has generated a great deal of profit for me but I have a working knowledge of the style which is only complimented by this indicator set.

But for my question, is the volume indicator not showing up for you guys? Because it isn't for me.

EDIT: Never mind. It only works on the Minimal Template but even then it's just BetterVolume 1.4 xD

Which I promptly replaced with a volume indicator that isn't garbage :]

http://www.forexfactory.com/attachment.php?attachmentid=686309&d=1303805877

Another trader had answered my humble request when I posted the question on FF about that same question last month.

He believes that these are the proper settings.

If you can't see it, it's:

Period: 80

Method: Simple

Apply: Close

DEviation: 1.80%

http://www.forexfactory.com/attachment.php?attachmentid=474976&d=1273946594

I found this on Forex Factory back when I used to actually read that forum.

It's just a simple MA Envelope.

But effective! :)

Simple equation:

Lots = Profit/Pips (by 5 decimal places)

So...

Lots = 5/200

Your lot size is 0.025

But I feel that is too large for a $100 account...

Another equation:

Lots = (Capital*risk)/stoploss

Let's say you're risking 2% with an SL of 20pips (200 by a 5-digit broker)

Lots = (100*0.02)/200

Lots = 0.01

Now maybe you're using a greater risk threshold like 5% at 20pip SL or a tighter SL like 8pips at 2% risk so 0.025 lots may be viable depending on you.

But these two equations are basic cornerstones for Money Management.

As for ping, port forward your MetaTrader terminal.

Tutorial: http://www.portforward.com

Like vladv said, the basics work in every market.

But some indicators like CCI were designed for Commodities. Does that mean it can't work in Forex? No.

But it's a cycle-based indicator and cycle-based analysis has flaws in a market that almost never closes.

Gaps certainly don't work well in Forex for the same obvious reasons.

But the basics will and I believe some indicators work even better in Forex like Moving Averages because gaps can cause outliers in the average.

So depending on what your strategy is based on, it can either be universal or good for a certain type of market.

Hope that helps!

Hi vx13,

 

that's right it's my fault, sorry for that.

Nah no worries, you're fine :)

Hi vx13,

 

this is a mq4 file, what do you want to decompile?

I'm not the thread starter nor am I the requester... I am just a mere decompiler.

Here's the .mq4

http://www.multiupload.com/94QR1FZWCJ

Hey Diesel!

Funny thing, the signals are very, very close to being the same

I don't know what makes this one so "real".

Maybe because it shows the raw MA-esque form of Heiken-Ashi.

http://img833.imageshack.us/img833/3710/harealvssmooth.gif

http://img836.imageshack.us/img836/1589/harealvssmooth2.gif

http://img715.imageshack.us/img715/3103/hareal.gif

It's not bad. Some pretty good signals but there's also some choppy signals. It looks like it'd be an extremely reliable indicator if it were MTF and non-repainting as an MTF (it does not repaint on a single time frame but if made MTF it would repaint).

vx13,

one simple way to tame real time signals of a repainting indicator without deciphering its exact algo is to create another (simple) indicator that calls on the first one on every tick and 'captures' the output at the time of the call so if the original indicator goes back a few bars and changes things, that has no effect on the new indicator***. This does not work for historical data.

Usually the resulting signals are pretty lame when repainting is "disabled" and I don't think this is any different.

I have coded such indicator. You can take it for a spin and let us know what you think. Again, remember that this is good for forward real time testing as the past will be the same for both. To avoid interference in case you want to run both indicators on the same chart for comparison, I am using squares (aqua/yellow) in place of arrows on the chart. Make sure the original indicator is in the same directory.

 

 

RumiRSIEMA-nrp.ex4

 

 

Enjoy!

 

josephR

 

***You can also change the original indicator so it calls itself w/ modified options to the same effect, but you have to understand what the indicator is doing and it is more complicated. This happens to be a simple one but the solution is generic.

Joseph you RULE. You are an absolute GENIUS.

Your awesomeness and generosity makes me want to learn how to code myself so I can bother people less and help others too.

It paints the original arrows but that's of no matter. It could come in handy!

But again thank you very much :)

All indicators (oscillators) repaints on smaller TFs. Why not leave the hectic zone and try to "scalp" on 30 Minutes and up TFs?

I read a FX statistics that 70% of the 95% Forex losers are scalping traders. They never get rich and I agree with it. Scalping is driven by silly survival instinct. Be a winner not a loser.

Hermes

You are definitely spot on with that, hermes. I'm very slowly coding an EA that will exit my positions when I'm not around. Not to open or modify but just to close. I don't particularly like hard stops and generic trailing stops, y'see :))

Once I can finish it, I will definitely be moving up tfs :)

But as far as my current style goes, it's not so much scalping even though it's a low tf. Every tf has swings and trends. I'm targetting those ;)

Not so much the itty bitty movements haha

This way, I don't have to worry so much about the spread

http://www.forexfactory.com/showthread.php?t=62066

Pascal's Triangle Averaging Up ;)

A crude solution:

Change the settings on the RSI EMA MTF to Period M5, 60, 1, 36 and it should come out fine

That's as creative as I'll get out :))

Hi Vx13,

 

I can't say 100% if it can or can't be done, but i was going to take a guess i would say it can't... The obvious way to do it would be to change the TF to 5min lol, but of course the signals would not look as pretty as compared to having the 1hour on the 5min. Other then that i have no idea as i am pretty much brain dead when it comes to coding....I can do some basic stuff, but i mean very basic lol.

Haha I'm right there with you, Aussie :))

My coding is extremely basic. I really should look into coding more...

But yeah I put down a 60 RSI with a 36 EMA on it which should be the equivalent of the upper tf. The signals are still pretty good. There are a couple more not so great ones now and it's also really hard to see the signals because the periods are so long the lines may as well be flat.

Hard to see without arrows. I think my goal for now is to at least code arrows for this RSI-EMA for the current tf lol

This indicator is the same as RSI with period 7 together with ema 3 (i believed).

It's RSI with period 5 with EMA period 3 on a higher TF :)

Sorry, friend. I just downloaded and compiled the indicator and it ran perfectly

It's honestly just a RSI with an EMA on it so if you can run RSIs and EMAs, you should be able to run this bad boy!

And any news on the repaint issue?

I've been looking at it and it's just the way the indicator and strategy is structured that makes it difficult. Any creative way around it?

Links to RSI EMA MTF v1.2 indicator at the bottom of post.

http://img109.imageshack.us/img109/2724/holygrailsignals.gif

You can see here that there are damn good signals from this indicator.

But it takes its cues from a timeframe several tfs above.

It isn't necessarily "repainting" because the signal is technically confirmed on the next higher tf candle. So in this example, the arrows are confirmed every hour.

On the lower tf (the 5 minute tf in this case), it repaints heavily. It can repaint up to 12 bars back which is absolutely crazy :))

The signals look fantastic until you realize how they work.

Maybe there's a way to stop the arrows from being removed?

I looked at the code and it doesn't seem simple because the code was designed to target the upper tf.

...or I'm just a terrible coder (which I am).

In the MT4 Strategy Tester, it does not repaint whatsoever. I don't know how but it works amazingly.

Using it with the LFH Tester on MT4, I had no losing trades.

This technically doesn't repaint but this indicator has amazing potential.

Is it possible to stop the indicator from repainting on the lower tf? [-O<

http://www.mediafire.com/?zhm8xc6ljjnrr3c (Thanks to Diesel 10)

http://zalil.ru/30728586 (thanks to lgsony)

When you have a sell order, set your stoploss to whatever the red line is.

When you have a buy order, set you stoploss to whatever the blue line is.

These lines trail behind price to lock in an optimum amount of pips.

I use optimum loosely of course. I needed this for an EA that manages my stoplosses (but not my entries or orders).

Hi

I was wondering if anyone could create an ATR Trailing Stop Band indicator.

It looks like:

http://www.incrediblecharts.com/images/png_images/crb_atr_bands.png

Below I have attached an indicator that creates either one side or the other of the trailing stop band.

I'm having trouble having them plot both sides to create a channel like the above image.

Any help would be much appreciated! :D

http://[email protected]/BR4PMQZGW4

Thanks to everyone!

That would explain a lot. Anyways I contacted... Well someone. I used the "contact us" button. They haven't gotten back to me but it's only been a few days since I sent it. Hopefully it will be resolved in a few days

Thanks again everyone

I didn't know where else to put this topic so here it goes:

I used to be able to view this forum on my computer but now no matter what browser I try, it won't connect

But on my iPhone, it goes through

Was I IP blocked?

xpie, you're my hero :]

Thank you very, very much