Forex Rate Yen To Peso Today Money Per Day Forex Forum Dancing Phil Scalper Book Philipines Currency In Manila Philippines Latest Iso Currency Exchange At Bohol Tagbilaran Port Philippines Thaiest How Much Is 63 Rials Rial Omr To P Php /11/26 · dancingphil Note: So that we are clear, using the 5 digit MT4 system, I call them micro-pips or the 10 cent pips to describe things. That is, pips means 4 digit system pips, micro-pips are the 5 digit system of pips. We all know that the ZigZag Indicator almost always repaints the newest line drawn Ig forex prices. Tr! ade securely spread bet trade forex and cfds buy and sell shares benefit from secure bit ssl encryption technology. Uk online trading leader ig group holdings plc has just announced the launch of ig us its us based subsidiary offering A
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Note: So that we are clear, using the 5 digit MT4 system, I call them micro-pips or the 10 cent pips to describe things, dancingphil forex. That is, pips means 4 digit system pips, micro-pips are the 5 digit system of pips. We all know that the ZigZag Indicator almost always repaints the newest line drawn.
Often it will repaint or grow this new line bymicro-pips. Almost always it retraces from the point where the line first appears by or more micro-pips, dancingphil forex. Everyone seems to complain about this repainting issue. I see it is VERY profitable for scalping. I very successfully MANUALLY trade the Zigzag Indicator, by dancingphil forex a pending LIMIT order "a number" of pips from where the new line first forms - the number of pips away for the limit order price depends on volatility and TimeFrame used.
Because almost all the Zigzag's new lines repaint get longer from when first appearingI set my TakeProfit assuming a minimum repaint level and based on volatility. That is, dancingphil forex volatility and TimeFrame, the pending limit order I set 50 - micro-pips of the 4 digit pips away from where the line is first visible mostly I am using the 1M and 5M TimeFrames.
This pending limit order getting hit happens almost all the time, depending on how greedy I am for maximum pips profit. Some trade set-ups I miss because price did not retrace enough from where the line first appears. I cancel these pending orders when the line becomes set and an entirely new line has begun to form, dancingphil forex, or if too much time has passed.
Almost all repainted Zigzag lines repaint by more than 20 micro-pips! Example 1: Assume EUR:USD forms a new line DOWN at the price 1. in a more vigorous market I will set the SELLLIMIT order at 1. Example 2: Exactly same as Example 1, but I set the trailing stop of 20 micro-pips to start from repainted micro-pips from the dancingphil forex paint.
That is, dancingphil forex, if I set the SELLLIMIT order at 1. Manually trading this system gets me micro-pips about 9 out of 10 times. The other 1 out of ten times were me being a coward, losing faith in the set-up and closing the trade for far too small a profit, and very occasionally a tiny loss. I have searched the Elite section for such an EA that works with the ZigZag repainting issue - but I can't find one. I would like to build such an EA; even though my skills are not much better than basic, I have built EAs in the past.
for those few times that there dancingphil forex been such a retrace to hit the order price. This formula should be perhaps an average of the repaints of the last Zig Zags. I would like the option to set the trailing stops from various possible positions.
That is, I am much more aggressive with dancingphil forex TakeProfit targets when the move is supported by RVI. My first challenge is how to know the point at which a new line has been formed. That price at which the new line is formed is the framework from which the pending LIMIT orders and take profit issues get set.
I only joined Elite section today, by all means point out to me if I have posted this in the wrong place. As I know - there are many EAs based on zigzag: in elite section - all Goldwarrior versions; in public - many others.
How they EAs or traders are dealing with "last leg of zigzag is not valid and may be changed by direction"? Some EAs - opens the additional trade with opposite direction with more high lot size, or in opposite direction with same lot size using CCI Goldwarriorsome EAs - using many other indicators for confirmation. I am continuing to review those EAs, dancingphil forex, but from what Dancingphil forex can see, they all seek to ignore the repainting new line of the Zigzag.
My approach is to ignore all firm and set ZigZag lines and to only be interested in the repainting new line. My manual trading system I wish to make into an EA is only interested in the price-action as it almost always flip-flops over the point a new line is formed.
In fact, the only interest my system has in the Zigzag is to set the most likely direction to trade - that is, dancingphil forex, in favor of the likely repaint. It would be a great help for me to understand the Indicator's code and to print on the chart in some way the price at the very moment at which a new line is formed.
From that price I feel I can code an EA to auto-trade the open and close of trades. Is there any way you could show us some statements of your trading using this method, also maybe some charts explaining how you are trading this method, think i understand, just want to be sure.
MrTools, dancingphil forex, here is a missed chance - because price dancingphil forex hard through the beginning of the dancingphil forex line.
So only an EA that did market orders in favor of the break when a new line is created could make the scalp. Good for 20 pips anyway, dancingphil forex. But what I will capture for you in the next pic will show a retrace from the new line back to a limit order, which then profits from the repaint price action.
This style EA with LIMIT orders will get the dancingphil forex pips profit of the distance the limit order's price has retraced back from when the line first forms. I've never been one to get upset about lost opportunity - I'd dancingphil forex prefer to lose a chance than to lose money.
Having said that, this very next Zag in the charts shows me to be missing out on a lot by using Limit orders, rather than market orders when a line first forms. This next pic shows the new line forming at 1. I set a BUYLIMIT order at 1. But after a few bars, price exploded in favor of the repainted new line to put micro-pips since it first formed. So, my attempt to show you two trade set-ups, have demonstrated I missed out on some serious pips.
The first pic went onto make micro-pips AFTER the new line, the second pic so far has improved dancingphil forex after the new line formed. This pic shows the trade set-up that did work but I cocked it up anyway because I had my trade manager set wrong, it closed the trade in profit by only 5 dancingphil forex, when there was a LOT more juice in it, dancingphil forex. The new Zag line started at 1, dancingphil forex.
Sadly for me, my trade manager EA had the wrong settings in it laziness on my partand it only took 5 pips of profit eg, closed before any of the repainted action was had. This makes me a lot of pips each day, but it gets boring waiting for that moment that new lines first get created. I'd rather manage a live trade than wait dancingphil forex every potential set-up.
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value :"" ; if document. ZigZag EA help needed: This makes money from repainted new lines. New comment. dancingphil This EA would need to do the following I believe: 1 Expire pending LIMIT orders after a "extern int" number of bars Any assistance would be greatly appreciated. Especially is dancingphil forex an EA already exists. How do i use the inputs for the ZigZag Indicator? The simple Slingshot trading method Follow The Bouncing Pip.
Sergey Golubev Hi dancingphil, As I know - there are many EAs based on zigzag: in elite section - all Goldwarrior versions; dancingphil forex public - many others. You can look at Goldwarrior EA as it is classical EA concerning zigzag. ZigZag indicator GoldWarrior02b Latest news in Elite.
NewDigital, thank you for your reply. I have coded EAs, but my skill is still quite primitive. Everything revolves around the price the new line is first formed. Any and all help greatly appreciated. How do i use Coding questions Dancingphil forex is my indicator.
William Snyder dancingphil: NewDigital, thank you for your reply. Codeguru's Free Signals My method to trade GMMA breakout trading, dancingphil forex. jpg 54 kb. Perhaps at least the option in the EA of choosing Market and Limit orders would be best, dancingphil forex.
jpg 58 kb. How do i use Suggestions for Dancingphil forex System Very Profitable System jpg 65 kb. Help Needed Making Perfect Close a trade on Learn to be a. MrTools, very happy to help with the charts issue. London session is open now, dancingphil forex, for sure there will be some action worth working with. Back in an hour or so. Did you find Forex Is there any good 10points 3.
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/11/20 · dancingphil wrote: Using today (November 19) as a case in point; YES the red line DO cross has worked its magic, AGAIN. YES the DS/DR levels have worked their magic, AGAIN YES Baluda's fib levels both DRFib1 and DRFib2 both have worked their magic Forex Rate Yen To Peso Today Money Per Day Forex Forum Dancing Phil Scalper Book Philipines Currency In Manila Philippines Latest Iso Currency Exchange At Bohol Tagbilaran Port Philippines Thaiest How Much Is 63 Rials Rial Omr To P Php View Wolf_Wicked's profile on Forex Factory. I have no open trades at this minute Phatori Gal, so made my trade explorer private again
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