Cowabunga system MT4 indicator

[fxfix]

Hi All,

How do I set the MACD on MT4? I know it has to be 12,26,9 but I read that it has to be set as "Exponential Histogram and it has to display the difference between the 2 lines". How do I do that???

Thanks!!!

[phil838]

Originally Posted by fxfix

Hi All,

How do I set the MACD on MT4? I know it has to be 12,26,9 but I read that it has to be set as "Exponential Histogram and it has to display the difference between the 2 lines". How do I do that???

Thanks!!!

Don't worry about the fancy math talk. A "histogram that displays the differences between two lines" is pretty much the definition of MACD.

Just set the MACD with your settings and you're ready to go.

[fxfix]

Originally Posted by phil838

Don't worry about the fancy math talk. A "histogram that displays the differences between two lines" is pretty much the definition of MACD.

Just set the MACD with your settings and you're ready to go.

Thanks so much Phil!

[fxfix]

Hi Phil,

I have been doing manual backtesting on MT4. The MACD histogram is very different from the one used by Pip Surfer on "The System". There are times where MACD is very positive on MT4 and very negative on XTik. See attached.

I think this affects the integrity of the system. What do you/others think?

Best regards,

FxFix

Originally Posted by phil838

Don't worry about the fancy math talk. A "histogram that displays the differences between two lines" is pretty much the definition of MACD.

Just set the MACD with your settings and you're ready to go.

[phil838]

Originally Posted by fxfix

Hi Phil,

I have been doing manual backtesting on MT4. The MACD histogram is very different from the one used by Pip Surfer on "The System". There are times where MACD is very positive on MT4 and very negative on XTik. See attached.

I think this affects the integrity of the system. What do you/others think?

Best regards,

FxFix

Try using an OsMA indicator from the "Custom Indicators" in MT4. It's the same data as a MACD, but shown in the format that Pip Surfer uses. It should match up perfectly with his.

With a plain MACD your entry signal will be when the MACD bars cross the MACD line, with the OsMA it will be when the bars cross zero. Again, same data, just different ways of showing it.

I should have told you that in the beginning being as this is a Cowabunga system thread, but I didn't about it... Sorry for the confusion..

[adamrobertcollins]

Hi can somebody let me have a link or the zip file for latest version of Cowabunga indicator for Metatrader Any Pair V2 (i.e the 2 files for indicator folder) + the chart template if available. Initially i downloaded the authors original version from 2007 but this produces only totally red or blue price lines when used with my FXCM MT4 platform. I have found a posting from late 2008 with V2 but this includes only mqe4 file but not the ex4 file. thanks

[bsperlazzo]

I'm joining the Cowabunga discussion a little late, because I'm new to the forum.

I noticed one small problem: When I use it on my USDJPY pane, the properties get corrupted when switching between timeframes (i.e., M15, D1, etc.). Instead of a consistent solid thick line, it changes to a very thin dotted line (no matter how many times I change it back).

Any thoughts???

[muthusai2000]

Dear Friends,

I downloaded the cowabunga indicator and I require some help. I wanted to know what is the setting for RSI. Is it 9 or 14 ? Stocs I am using stocs (10 3 3 ) . Macd i wanted to know what settings are required. Lastly, If a arrow appears; should i wait for that candle to close and enter the next candle ? Is it ok if 2 of the three indicators match for entry ? Looks like there are a number of fakey signals i wonder how to filter them out. (I went past time on the chart to check it). Any help will be humbly appreciated.

Thanks,
Muthu
Chennai India.

[pirateboy]

you don't need to change any of the defaults setting in the Cowabunga indicator. re-read pip surfer's cowabunga FAQ.

you have to wait for the 15min candle to complete. i.e. at each hour's 00, 15, 30,45 min. If you see a valid cross + rsi, sto, macd, then you enter at the dot of the 15 min.

the strategy is doing well these few days, after a so-so july (for me)

Originally Posted by muthusai2000

Dear Friends,

I downloaded the cowabunga indicator and I require some help. I wanted to know what is the setting for RSI. Is it 9 or 14 ? Stocs I am using stocs (10 3 3 ) . Macd i wanted to know what settings are required. Lastly, If a arrow appears; should i wait for that candle to close and enter the next candle ? Is it ok if 2 of the three indicators match for entry ? Looks like there are a number of fakey signals i wonder how to filter them out. (I went past time on the chart to check it). Any help will be humbly appreciated.

Thanks,
Muthu
Chennai India.

[phil838]

Originally Posted by pirateboy

you don't need to change any of the defaults setting in the Cowabunga indicator. re-read pip surfer's cowabunga FAQ.

you have to wait for the 15min candle to complete. i.e. at each hour's 00, 15, 30,45 min. If you see a valid cross + rsi, sto, macd, then you enter at the dot of the 15 min.

the strategy is doing well these few days, after a so-so july (for me)

Pirateboy is right, the settings are built int.

I think you are confused about the difference between a regular indicator and a custom indicator. The Cowabunga custom indicator has the RSI, Stoch, and MACD basically "built in" to it. You don't have to have the 3 indicators on your chart at all if you don't want to, and if you do then the settings on them won't matter, since the Cowabunga custom indicator isn't using the regular indicators on your chart.