then how to use that crossover indicator????? i trade manually
Suggestion Need coder for very profitable strategy PZ TREND with confirmation indicators.
- Thread starter david cooper
- Start date
or just i look for pz slop when its change color then open trade?????
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this chart is live and has not been refreshed. You can see we have all three conditions met although you cant see the value of wyfx nitro strength at the time it was over the 50% so I took both trades. I hope I am clear.
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You can use either the arrow or the dot. You will find that the arrow may appear a few bars back only one the dot appears, sometime they both appear at the same time. You can use either one. Then in order to enter a trade the other conditions must be met which means tthe PZSlope is in the same direction and strength is at least 50% same direction. Use this on 15 min charts and you will find consitently good trades. Trade only high volume trading hours, during london and newyork sessions
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we are working on the EA for 5min charts to achieve more trades but as yet it is not very profitable
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You know off course that Godot never came…
Let me put it another way. As you so rightly said, you have to put in the thousands of hours. There is no short cut to success in this very hard business. However a strange thing happens if you put in those hours. Especially if you stick to one instrument. You find you are able to recognise moves you have seen before. Such as how it reacts to news. For example after the first reaction does it go up on bad news or down on good. Its telling you something if you know how to listen. How does it react to on an oversize or undersize bar. The list is endless. You cannot get that from an EA. That comes with the thousands of hours. Nor does not come to all. I know some who have been trading for 10 years but have got nowhere. They do not know how to listen and jump from system to system and instrument to instrument. No MT4 or MT5 EA is going to help them there.
That is not to say that one cannot develop an automated system that works. Just look at Renaissance Capital in the US. They develop EAs using AI that learn as they go and make huge amount of money. So much so that they are closed to new investment. However these are not made for sale. Each EA costs them on average over $3m to develop. Thats a far cry from the $99 all winning grid or martingale or whatever the vendors offer.
I realise writing all this is entirely futile. No one wants to hear it so its aimed mainly at you as I get the impression you are almost there having put in the work. My suggestion, given with the best of intentions, is forget the EA and continue as you were.
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Um actually thats not true Im sure I saw him in Starbucks just the other day lol...You know off course that Godot never came…
Let me put it another way. As you so rightly said, you have to put in the thousands of hours. There is no short cut to success in this very hard business. However a strange thing happens if you put in those hours. Especially if you stick to one instrument. You find you are able to recognise moves you have seen before. Such as how it reacts to news. For example after the first reaction does it go up on bad news or down on good. Its telling you something if you know how to listen. How does it react to on an oversize or undersize bar. The list is endless. You cannot get that from an EA. That comes with the thousands of hours. Nor does not come to all. I know some who have been trading for 10 years but have got nowhere. They do not know how to listen and jump from system to system and instrument to instrument. No MT4 or MT5 EA is going to help them there.
That is not to say that one cannot develop an automated system that works. Just look at Renaissance Capital in the US. They develop EAs using AI that learn as they go and make huge amount of money. So much so that they are closed to new investment. However these are not made for sale. Each EA costs them on average over $3m to develop. Thats a far cry from the $99 all winning grid or martingale or whatever the vendors offer.
I realise writing all this is entirely futile. No one wants to hear it so its aimed mainly at you as I get the impression you are almost there having put in the work. My suggestion, given with the best of intentions, is forget the EA and continue as you were.
Yes perhaps this is futile, but to be breaking even with an EA is good so we are on the right track. My manual trading of course is much more successful. As far as the big boys go, I am sure that a lot more is said at the lunch meeting with insider knowledge to give them the edge...as we all know its about who you know than what you know. Alas us poor lowly fools have to pick up the scraps that are left behind, which I dont mind as long as I have enough to eat...ie I dont need a ridiculous luxury yacht or stupid bimbo Lambo etc...
Thanks for the advise, and will keep you posted. I am not the monogomous type and willing to settle down with just one instrument just yet lol
D
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david cooper
Could be better be set indicator 5NITRO instead of NITRO+
This is a newer version and indications are different
Please make test
Could be better be set indicator 5NITRO instead of NITRO+
This is a newer version and indications are different
Please make test
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Hi, you should hold off for a bit we are working on an improved version and trying get all the bugs out. Will post it soon
D
D
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All right, I will hold my horses.
Interesting concept you have here
Interesting concept you have here
do you have it? mql file?
Original indicator didn't have buffers, we should make modification in the code...