Excellent, thanks Govinda.Originally Posted by ;
Hi govinda,
does the template post #14 comprises the newest upgrade and all of the culculation that u post ? thnx
Hi Pips_pirate
Template is just a template.
I like to maintain my template as clear as possible
what actually matters are only two indiors:
_reside -- entrance signs
and kijun-sen -- monitoring stop
another indioras are optional and not necessary for trading (such as _arrow)
template from post 14 is my way of keeping things easy. You may add.
This program is stil under development and I am working literaly night and day online optimization.
At the moment since last few months it's doing quite good since market is moving nicely. But be aware that market Can Be peaceful or ranging... Regards
Welcome following long brake Throughout last 3 months I have been enjoying vaions and working on this formula to make it automated. The following results (backtest) have been generated by optimised EA that is based on the formula described in article no1 (slightly changed)
January 2008: -87 pips
February 2008: 447 pips
March: 203 pips
April: 734 pips
May: 229 pips
Jun: 528 pips
July: -285 pips
August: -275 pips
This formula is definitely designed for strongly trending market. (by trending market I am trending in specific way during London session especially) In February 2008 Eur/usd broke 1.5 level which caused increase of volatility for next few months. After that happened there were more trending times than sideways that's the reason why this formula was doing so well.
I also back analyzed year 2007 with the exact settings. . There were just few winning months and it was definitely loosing year for that formula (with the exact same particular settings)
My conclusion:
in case you have your own method of successful predicting which days are going to be trending and that not you're able to take advantage of this formula with fantastic success. Otherwise be very careful.
https://forexintuitive.com/attachmen...1192287046.zip
Those three custom indiors are pointing entrance signs.
Govinda_live: (it takes Govinda_math to work)
light blue bar #8211; prep for extended signal
blue bar #8211; long entry signal
golden bar #8211; prep for short signal
crimson bar #8211; brief entry signal.
Govinda_arrow: (it takes Govinda_math to work)
signalling arrows #8211; they appear after candle is closed.
Red dot #8211; first SL ought to be placed there
green ster #8211; when price reaches that amount we proceed SL either on BE stage or kijun sen.
Govinda_math
this indior contains some calculations which are utilized by two additional indiors. You don't have to open this indior on your chart (it reveals nothing) but you have to put it to /experts/indiors folder.
https://forexintuitive.com/attachmen...1065502449.ex4
https://forexintuitive.com/attachmen...1379510063.ex4
https://forexintuitive.com/attachmen...3216340447.ex4
https://forexintuitive.com/attachmen...4378908585.mq4