Cowabunga system MT4 indicator

[phil838]

Originally Posted by im247black

I'm using the "Any Pair V2." My charts do show bold, blue/red for long/short but no arrows.

Can we use the blue/red in the 4h-chart as (long/short) setup then?

Im247Black

No, the red/blue lines are just showing the 4H trend. If you switch to a 15 minute chart you should be able to see arrows showing previous trades. If you can't them then something is wrong.

[im247black]

Originally Posted by phil838

No, the red/blue lines are just showing the 4H trend. If you switch to a 15 minute chart you should be able to see arrows showing previous trades. If you can't them then something is wrong.

Sorry, that's what I actually meant -- 4h shows main trend (blue bullish, red bearish).

Thanks for all the prompt responses!

Im247black

[im247black]

Originally Posted by phil838

No, the red/blue lines are just showing the 4H trend. If you switch to a 15 minute chart you should be able to see arrows showing previous trades. If you can't them then something is wrong.

Indicator showing a sell???? This does not look right to me.
img30.imageshack.us/img30/908/usdchfm15200906220445.gif

[phil838]

Originally Posted by im247black

Indicator showing a sell???? This does not look right to me.
img30.imageshack.us/img30/908/usdchfm15200906220445.gif

I'm not seeing a sell signal on your chart or mine. The indicator will show an arrow on the chart when there's a signal.

The two blue arrows on this chart are buy signals from last week. They are what you're looking for.

[im247black]

Originally Posted by phil838

I'm not seeing a sell signal on your chart or mine. The indicator will show an arrow on the chart when there's a signal.

The two blue arrows on this chart are buy signals from last week. They are what you're looking for.

So, what does the dotted blue and dotted red lines mean?

Im247black

[phil838]

Originally Posted by im247black

So, what does the dotted blue and dotted red lines mean?

Im247black

That shows whether the trend on the 4 hour chart is up or down.

[pippy long stalking]

Hi All. I'm fairly new to babypips. I have read over the cowabunga system and watched the videos and want to start trading it within the next few days. Came across this thread looking for a cowabunga indicator. I have loaded anypair_v2 in my MT4 and it seems to be working fine, though I came across a reference to v3 somewhere around page 23 of this thread. So that I don't have to spend hours reading each and every page (where most of the entries are regurgitations of previous, already-answered questions), can anyone tell me what the current agreed-upon version is? Thanks and happy pipping

[phil838]

The talk of making a v3 was among a few other traders and myself, but we never got past the planning phase of the project.

The most current version is the one you have, anypair_v2. Here's an attachment if anyone else needs an easy link to it.

[pippy long stalking]

Cool, thanks phil. Have you been using the indicator with any consistency? Has it been indicating as expected thus far, and similar to big pippin's video examples?

[phil838]

I don't trade the Cowabunga system anymore (not because of any problems with the system, just a personal choice), but for the few months I did the indicator worked perfectly.

Just remember that the indicator alerts you to possible Cowabunga signals, you have to wait till the candle closes before it's a true Cowabunga entry. Sometimes your indicator alarm will go off in the middle of a 15M candle but it reverses before the candle closes...