Re: MT4 Trading Systems (Old or new!) Please post here
201Nice filter and stochastic entry/exit signals.
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- These users thanked the author Nbats7979 for the post (total 2):
- kodisfx, RodrigoRT7
please share the fractal indicator, as I understand It you have MTF?Papybillou wrote: Mon Oct 12, 2020 6:12 am @ RplusT _ Hello, you are right. The market is fractal. Trend reversals occur ONLY on monthly fractals. You use a semaphore for direction changes, we each have our indicators for that. I use weekly fractals and others. Copy of my USDCAD screen - D1 - Fractal monthly (reversal and weekly)
Hi,RplusT wrote: Fri Oct 23, 2020 2:33 pm Here is the TMA HighLow set up with a Stoch.MTF for indication of direction on the higher TFs.
For the Stoch. Indicator to automatically show next higher TFs you need to key in -1 (next higher TF) or -2 (two TF's higher) in the Parameter window for "TimeFrame" in the Parameter window. The template should show -1 already.
TMA HighLow.JPG
TMA.mq4
stochastic_divergence_mtfalerts_nmc_2 (1).mq4
XU-FRACTAL SUPRES.ex4
XU-SEMAFOR v3.mq4
TMA HighLow.tpl
Just open the Template and look at the Indicators. The TMA is displayed 3 times. Price high, price low and price medium. Not rocket science but pretty effective. When price action changes to the up or downside you can often see some consolidation and the price then continues.Nbats7979 wrote: Fri Oct 23, 2020 6:00 pm
Hi,
Thanks for the post- how do you get the TMA to display like that?
No, I don't trade dots I trade direction. If the Stoch is up and the 5m stoch is up too, the price breaks the TM and even more, it is supports further price actionCastle73 wrote: Sat Oct 24, 2020 6:31 am Thanks, RPlusT, for the great system. I can see Xard's influence on it, and it looks great.
One question, I'm not seeing how to incorporate the Stochastic indicator you've included in the system. Do you use it as a confirmation of the second dot, or does it have a signal of its own? Perhaps you use it for convergence/divergence? Which line cross triggers a signal?
Thanks in advance.
Castle