Cowabunga system MT4 indicator

[jordie8701]

Success!! Cheers for the help Andy.. The indicator works great.

[erdah]

Originally Posted by andyk

PS Anyone interested in an optimised 40-100 pips a day 'James' indicator (a different post but I thought I'd ask the cowabunga brotherhood)

I'm really interested. Thanks in advance.

[andyk]

Originally Posted by jordie8701

Success!! Cheers for the help Andy.. The indicator works great.

No worries.

I'm still fiddling with the inside bar indicator but will post soon....

[zh4oliang]

Hi, can i ask if the 5EMA and 10 EMA indicators used is the same as EMA and MMA? I'm using FXCM , cant find the 2 indicators used in the system.

[andyk]

Originally Posted by zh4oliang

Hi, can i ask if the 5EMA and 10 EMA indicators used is the same as EMA and MMA? I'm using FXCM , cant find the 2 indicators used in the system.

I think some of FXCMs charts call them 'moving average exponential'. Set 2 up, one set to 5, the other set to 10.

[Timebandit]

Originally Posted by ThE_KiLLeR

timebandit,

try right click on metatrader and then disable all visual vista options,
I had a similar problem with the saxo bank plataform

Thanks ThE_KiLLeR, even though it didn't work on my laptop it pointed me in the right direction. If anyone else has this problem try running the compatability wizard, it gives you the option to disable the visuals there.

[houmous]

OK

Heres my updated indicator.
1. By default, the trend is set by whether 4Hr EMA 5 is above or below 4Hr EMA 10. This is the same as simply looking for a cross and the trend is always either up or down - same as the cowabunga blog
2. Changing 'Strict_4Hr_Trend' on the indicator settings to TRUE will mean we are only in an uptrend if EMA 5>EMA10 and RSI(9) > 50 and stoch is above signal line (this generally means stochs are trending up but allows us some 'wobbles' on the way which would otherwise cause the indicator to negate the trend and hardly give us any signals). Opposite for downtrend. This means there are times we have NO TREND - no line is drawn on the 15min chart.
3. Visually, I prefer up trends to be drawn under the price - like support, and downtrends drawn above the price so this is different in this version.
4. 15minute stochs must be trending up OR stoch has crossed signal line. This captures some trades that were in the blog but that the indicator missed before.

Enjoy

Andy

Great stuff Andy - many thanks. You clearly know your way round MT4 programing - which I dont :-) . Something I have inquired about previously on this thread is whether an audio alarm can be set in MT when a trade signal is activated - is this possible?

Also can I just check we are still using EMAs on close? There was a discussion a while ago in whether it was better to set the 10EMA to open.


Thanks for your help.

Houmous

[andyk]

Thanks houmous

There should be an audio alarm in the indicator already - it plays the file email.wav in your metatrader sounds directory. Each time a signal is given it makes a sound, but then you have to re-enable send_email in the indicator properties before it'll sound again. This avoids multiple alarms of the same signal.

I apply EMA's to the close but could easily change this - was applying to the open considered better?

Also I've noticed on NorthFinance that the 4hr chart is 2 hours out of sync with pipsurfers xtick chart so the main trend will vary slightly. Other brokers my be more in line with xtick.

[lateef4real]

was able to make 22pips on thursday btw 1.00 and5.00.Is working but a little bit confuse concerning d 4hrs chart as at times there will be crossover in 15mnt chart but 4hrs will still stand still.in this situation what do we do?:

[demo1969d]

Hi, I'm new and loaded your cowabunga indicator on my M4 but it only shows the red arrows (very small arrows) and none of the blue ones....is this wright? My chart is set at 15 minutes...