Questions/Requests For Guner
This bolded part is all the more reason to add alerts to Up Down V6/V9 and possibly create the dashboard I was talking about in my previous post.guner wrote: Thu Feb 22, 2024 6:41 am it is clear that
on both indicator v6 and v9
when signal came, put position.
after that either take profit when you win.
or wait rewerse signal.
if reverse signal not comes look to lower time frame to take profit.
if dont make all of them.
and put stop loss where to open position.
that means no loss.and all profit.
there is 6 timeframe and many pairs for look for coming signals.
those are nrp indicators and can find a way experienced traders to make money.
there is too many repaint and not possible to win lag indicators on the net..
if you had a dashboard for both V6 and V9, you could at a glance find pairs on different timeframes where both indicators are in agreement with one another. Rather than having 20+ charts open simultaneously or having to manually keep switching betwen instruments.
And by the way, there are 9 timeframes on MT4 -- M1, M5, M15, M30, H1, H4, D1, W1, Monthly
Are you using Bollinger Bands in this picture? If so, what settings are you testing out?
When The Markets Won't Stop Trending Up (Or Down)
This is something that Pucmola brought up in his recent share of the unreleased Hills eXtremeX indicator, and will inevitably be the biggest roadblock to using Up Down V9 or V6 successfully.
Take a look at the 5-point Renko box chart and the M1 candlestick chart for the US30 taken from today's trading session:
Price just kept climbing up and up and up. No signs of slowing down on top of multiple streaks of red X's.
What do you do here? Do you put a stop loss on each trade, and if so, on what basis do you create it? Based on a fixed number of pips, or a swing high, or a certain percentage of your take profit?
If you don't use a stop loss, do you keep cost averaging into sell trades until eventually they all become profitable and/or reach break even? If so, what's the maximum drawdown you are willing to tolerate?
Up Down V6/V9 are awesome indicators for ranging markets and terrible for trending markets.
And in case you think I'm cherry-picking, you can see the same thing on the EURUSD today:
Comparing Up Down V9, 6.0 vs 7.0
I think there are some slight differences in the indicator sensitivity but the changes are largely cosmetic, as guner has already said.guner wrote: Thu Feb 22, 2024 5:33 pm up down v9
has been changed and loaded to mql5
download new wersion.
there is 20 activation
https://www.mql5.com/tr/market/product/ ... %3aup+down
Here are some comparisons between 6.0 and 7.0 for your convenience.
US Spot Oil, M1
US30, M1
US30 With 5-Point Renko Boxes, M1
EURUSD, M1
