Cowabunga system MT4 indicator

[andyk]

It should show all arrows. Sometimes its a good idea to reset the indicator. (Right click and get the indicator list up then double click on the cowabunga indicator and press reset). Try this. Also some people have reported problems with windows vista but I don't have this so can't help.

[prettrad]

hi all,

I was just putting things together with the cowabunga system. Is this how it should look in MT4?

This is how it looks on a H4 gbp/usd chart in MT4.

regards,
Pret

[JeffNLisa]

Originally Posted by andyk

It should show all arrows. Sometimes its a good idea to reset the indicator. (Right click and get the indicator list up then double click on the cowabunga indicator and press reset). Try this. Also some people have reported problems with windows vista but I don't have this so can't help.

Hey Andy- I've a request for something you could probably do in five minutes. It's a simplification of the Cowabunga- any pair indicator, but working inside an mq4 file is beyond my current capabilities. I don't mind discussing it on forum, but it will be for use with a different system I'm testing, so I didn't want to discuss it in this thread. But if you don't mind discussing it privately, would you please email me? You can click my name and the option to email me is activated.

Thanks,

Jeff

[andyk]

Jeff

Shouldn't be a problem. I sent you a mail but not sure if it got through. If not send me one with the details (I've enabled my email on this forum)

Prettrad

Your chart is correct. Don't forget that the signals only appear on the 15 minute chart so you'll need to change timeframes if you want to trade the signals.

[Iggy]

Hi everyone ... quick question.

With the MT4 indicator and template for the Cowabunga system, does the blue arrow indicate a buy and the red arrow indicate a sell?

If so, reviewing the chart for the past few days, blue arrows would have been good sell trade and red arrows good buy trades if held for a few hours.

Am I missing something?

Thanks for your help.

- Iggy

[andyk]

Correct. Also arrow pointing up means buy, down mean sell.

All systems will give false signals. Yesterday there was a bad buy signal that cost us 50+ pips but check pip surfers blog - he got it too. The point is over time the good outweigh the bad and this system has a proven track record.

[ybop01]

Felt like droppin in after nearly a year away. I'm glad someone was able to step up to the plate and improve on my indicator. Makes me feel less guilty about disappearing suddenly without warning. I just got really bored about forex and I'm still skeptical especially about mechanical systems like the cowabunga. But it's building up quite an impressive history!

Anyway, my apologies for all the unanswered PMs. I needed a break.

[JeffNLisa]

Hey ybop!

I was not here at the time you were, but in looking thru the threads you left behind, I did notice where you dropped out.

Glad to see you back, and hope that some of what's happened behind you inspires you to pick it up again.

Jeff

[prettrad]

Originally Posted by Iggy

Hi everyone ... quick question.

With the MT4 indicator and template for the Cowabunga system, does the blue arrow indicate a buy and the red arrow indicate a sell?

If so, reviewing the chart for the past few days, blue arrows would have been good sell trade and red arrows good buy trades if held for a few hours.

Am I missing something?

Thanks for your help.

- Iggy

I'm also a bit confused...im still reading the whole thread so i might get it...
if you look at my pic, if I bot at the blue arrows the price moved opposite me . Liksewise if i sold at the red arrows same seemed to have happened.

Am i missing something?

Pret

[JeffNLisa]

I can't make out the indicators on the black background, but on your image #1, it looks like you have it right. The only difference must be that Alpari's prices at those points were different enough from other brokers prices at those moments, that you got different signals.

Two brokers whose prices have almost always given me the same signals as PipSurfer's are MIG Investments and Advised Trading.





Here's a shot of Advised from the same periods as your image #1. The trades taken at the same points would have had virtually the same results, but the signals appear different.

Hopefully helpful

Jeff