Trend can be identified using Peak & Trough combined current & higher TF’s, such as in simplex histogram indicator.

G.

simplex,

This check-up routine should be part of the Auto_StopLoss & Auto_Trailing Functions.

G.

Good idea.

Also add “Debug” (true/false) to user’s parameters to optionally activate/deactivate this function in OnInit().

G.

Good idea.

Also add “Debug” (true/false) to user’s parameters to activate/deactivate this function in OnInit().

G.

Basically, you are describing Peak & Troughs, the ClearMethod, which is just the Price Action.
You started with the Fractal method. Been there, done that (to a perfection….)…
After that you’ll come to a conclusion that you need some more “assurance” or “support” from other methods, like Volume, or market “sentiment”…
Good luck, and many…[Read more]

Basically, you are describing Peak & Troughs, the ClearMethod, which is just the Price Action.
After that you’ll come to a conclusion that you need some more “assurance” or “support” from other methods, like Volume, or market “sentiment”…
Good luck, and many green pips on your simpler way…

G.

Basically, you are describing Peak & Troughs, the ClearMethod, which is just the Price Action.
After that you’ll come to a conclusion that you need some more “assurance” or “support” from other methods, like Volume, or market “sentiment”…
Good luck, and many green pips on your simpler way…

G.

Great Anti. Number 1 : the previous candles are bearish (2 red candles before the white engulfing bar). While at number 2:   all previous candles are white (all 3 white candles in a row, including the engulfing bar). But i can be wrong though …   Edit : i am agree that to discuss only high probability pattern, not to discuss many pa…[Read more]

Great Anti. Number 1 : the previous candles are bearish (2 red candles before the white engulfing bar). While at number 2:   all previous candles are white (all 3 white candles in a row, ibcluding the engulfing bar). But i can be wrong though …

About the indicators. In order the EA to work, we must create a folder name “__EA”  (without double quote) under   …/MQL4/Indicators/  folder , and copy all indicators needed by the EA to this “MQL4/Indicatos/__EA/”  folder.

edit: And thanks for the Pdf too

Great work, thanks a lot Simplex

About the indicators. In order the EA to work, we must create a folder name “__EA”  (without double quote) under   …/MQL4/Indicators/  folder , and copy all indicators needed by the EA to this “MQL4/Indicatos/__EA/”  folder.

Great work, thanks a lot Simplex

This thread is about building an EA, based on Currency-Strength, Price-Action patterns, and Volume behaviour.

That’s the way I trade, for years, on a daily basis.

The Community EA should make this task available to everyone, and should make that task as simple as possible.

G.

I’ll consider changing the thread name to:

“Watch-out: misleading title !!”

G.

Good discussion Simplex … and thanks for the zip file … will try that new toys

This is good post G , thanks a lot

simplex,

Can you please add alert on the first time that a currency becomes the strongest (CIX_v_2_2_post.mq4, or later version)?

Thanks.

G.

simplex,

Can you please add alert on the first time that a currency becomes the strongest (CIX_v_2_2_post)?

Thanks.

G.

I’ll trade it live in the coming week to decide, and post my suggestion.

G.

Validity of the CS model can be verified by comparing the USDx indicator (with market share weight) against ForexGT_Spaghetti.

When the USDx (Green) gets stronger (dotted Yellow above Red) the USD currency become strong on the ForexGT_Spaghetti (above “0”).

When the USDx (Green) gets weaker (dotted Yellow below Red) the USD currency become w…[Read more]

My car have Automatic gear shifting…

Strangely enough, same params on both indicators looks quite the same on M30, but quite different on H4, as seen in above screenshot.

It’s not a question of adjusting gear shift, but what parameters setting correctly reflect the market.

If we decide to go with this logic:

LONG with currency the first…[Read more]