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ChartRe: MT4 Indicators with alerts/signals

3391 by Winning Loser
Winning Loser wrote: Tue Nov 10, 2020 5:26 am Hello
I have a request for the amazing coders in this forum. Ive been using this method for years can you code into indicator or EA?
Im a bit old fashioned so still do things manually, i discovered your bollinger band indicator (bollinger bands (mtf + arrows + alerts)), accidently, its an interesting indicator.
I firmly believe in methods and ideas are far superior to technical signals but it would be interesting to know of we get the same results.
Here is my method you can use standard BB settings (20,2), i have attached picture because its far more easy to understand. if its easier to code then take out criteria (4)
I have other criteria but to keep it simple thats the basic idea. It would be great if this can be improved on back-testing. I manually get 52-60% win-rate
Regards
That is the indicator to be adapted please.

Re: MT4 Indicators with alerts/signals

3395 by Jimmy
As per rules links aren't permitted here. Please make the effort to upload all files and photos directly to your post. If you're unsure on how to do this, please see here: How to attach images and indicators.
Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

Re: MT4 Indicators with alerts/signals

3396 by sal
mrtools wrote: Thu Nov 26, 2020 4:32 am

Seem to remember seeing methods similar to that.
mr. tools this strategy missing of trend direction
also the support/r line position instead of just reversal at middle MA.
see the snap and this stratgey can work all type of trades BINARY and Forex, :)
see my modified setting of support line and reversals.
if can do some effort , it will helps all traders ..
i did 2nd rejection is the trade position not breakout strategy.. :)

RULES

Bar 1 : Low price breaks bottom BB line ( green arrow confrimed super signal)
Bar 2 : High price breaks above BB line ( fractal arrow appear confirmed )
** : Draw SUPPORT LINE and set the line where previous bar or next bar low wick/tail identified at BAR 1

Bar 3 (Rejection Zone) : Open trade when PA bar breaks or touch and reversal confrimed

Note:- FOLLOW ONLY TREND DIRECTION : SMA 200 above up and below down
These users thanked the author sal for the post:
Antonio
"There is NO GOD higher than TRUTH" - Mahatma Gandhi

Re: MT4 Indicators with alerts/signals

3397 by Cladi39
sal wrote: Sat Nov 28, 2020 4:18 pm

mr. tools this strategy missing of trend direction
also the support/r line position instead of just reversal at middle MA.
see the snap and this stratgey can work all type of trades BINARY and Forex, :)
see my modified setting of support line and reversals.
if can do some effort , it will helps all traders ..
i did 2nd rejection is the trade position not breakout strategy.. :)

RULES

Bar 1 : Low price breaks bottom BB line ( green arrow confrimed super signal)
Bar 2 : High price breaks above BB line ( fractal arrow appear confirmed )
** : Draw SUPPORT LINE and set the line where previous bar or next bar low wick/tail identified at BAR 1

Bar 3 (Rejection Zone) : Open trade when PA bar breaks or touch and reversal confrimed

Note:- FOLLOW ONLY TREND DIRECTION : SMA 200 above up and below down
Sal you dont provide indicarors and template?

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