Do you have any thoughts about system improvement? Additional oscillator or some other indicator? Sometimes i will use wide BB's for W and M formations (as pictured below) The only other indicators i use are last four daily and weekly candles (pictured on the right) Weekly time separator, Paramount...

Thanks for helping me again, FXSurf)) Your system is so versatile, I need some time to get used to it. So we can use WT oscillator as Hi-Lo, divergence and lines crossing tool? Basically yes. Just load up your favorite pairs and look at where the WT's cross and converge with each other. There certa...

Same typical pattern on AUDCAD last week.

WT's at top, divergence formed, failure to break previous daily high.

A perfect example of the patterns I look for. All 3 WT's converge at the bottom, 1h and 4h turn up. Bullish divergence on the 1H TF.

Was watching the SR levels and wedge pattern on daily.

greenway wrote: Tue May 09, 2017 4:41 pm Do you use Moving Averages only or there is some other way to filter false signals?

Yes the WT's are used in conjunction with the EMA's. Its not so much a "hard signal" when price crosses X, it's more of a pattern that I look for when all three WT's converge on extreme tops and bottoms.

greenway wrote: Fri May 05, 2017 4:25 pm
Thank you, FXSurf. So white EMA is 25 and orange is 200, right? But what about thick white MA?

Yes that is correct. The thicker White and Orange represent the Daily 25 and 200 EMA.

FXSurf, questions for you: Have you tried using or thought about using these EMA values: 32, 64, 96. 32x2 is 64 and 32x3 is 96. These values measure the average of - 8, 16, and 24 hours on the M15 - 1, 2.67 and 4 days on the H1 - 4, 10.67, and 16 days on the H4 - 24, 64, and 96 days on the D1 Mathe...

Perfect example of the last two trades on WTI.

Using the rules and waiting for the 1H WT to cross over the 4h and daily WT.
Divergence formed then price broke above/below 25EMA + 200EMA.

I have mt4 up and running on two stations. Haven't had any problems as of yet after the update.

Desatar wrote: Thanks. Thats what I thought. Its like trading with bollinger bands and taking the middle 20 line as the "possible" setup for a trade.
D.

I guess you could say that. 

Sometimes i will also place a pair of BB @ 100 w/1 and 2 std devs.