Cowabunga system MT4 indicator

[Mark Trader]

Hi Pipalot,
I see... I think that's what happened. I had the application open from a previous day when I may have gotten an alert and I never closed it.
Can you think of any way to automatically reset it after I get an alert? The reason is because I am trying to learn the system and compare my alerts to BigPippin's on his daily commentary but at night I am sleeping and not at the computer so I can't manually reset it. Thanks!

Originally Posted by pipalot

Hi Mark,

Yes the blue and red arrows are the visible alerts, you are supposed to open a trade just after the close of a candle which has an arrow on it.

The indicator will one give one email alert and then no more until you restart it. In other words, it will continue to show the alert arrows for all subsequent alerts but it wont email or alert you in any other way. The best way to reset it after you get the first alert is to just open and close MT4. Also you wont get any email alerts sent out if you don't have the chart open (such as if you are looking at a different profile that doesn't have your cowabunga charts in it).

So I suspect that you may have had one email / sound alert and then no more subsequently because you didn't reset the system after the first one. I forgot to mention this behaviour previously.

Good luck, I hope that helps, regards,

Pipalot

[pipalot]

Hi Mark,

If all you want to do is compare your alerts with PipSurfer's (he took over the Cowabunga blog from BigPippin in March 2007) then what you have now is fine. You will only get the first signal emailed but subsequent signals will continue to show up as arrow, they just wont alert you by email. So you can manually look at all the arrows and compare them to his blog. You probably don't even need you computer turned on - when you choose to turn it on and open the chart it will populate it with all the arrows going back in time.

Regards,

Pipalot

[gryat]

Hi

I don't know if this has been noticed before, but it seems to be something wrong with the indicator when OSMA moves from negative to positive. I compared the entry points that the indicator gave me with the entry points that Pip Surfer used in his blog at the 25th of October.

He entered long at a EMA crossover at 2.30am ET at 2.0479 Cowabunga System Update: 10/25/07 - Pip My System - Beginner's Guide to Forex Trading, Free Forex Education, Learn to Trade Forex, Forex Training - BabyPips.com

In my graph though, the entry doesn't appear. If you do take a look at the curve, you see that it is indeed a valid entry, OsMA moves from negative (close to zero) to positive.

I use the latest version of the custom indicator developed by pipalot, "Cowabunga any-pair".

Here are printscreens of my MT4 graph compared with his

[warpfactor7]

Without wishing to seem a pillock.......can you please advise where I can obtain MT4 from.

Many thanks

[JeffNLisa]

Originally Posted by warpfactor7

Without wishing to seem a pillock.......can you please advise where I can obtain MT4 from.

Many thanks

You can get a demo account from any broker that uses MetaTrader, and then you'll have "a" MetaTrader demo. However each broker will of course be using their own pricing, and I've seen several that vary substantially.

If you plan to go live with that same broker, then that might be the best place to get it. But if you plan to go live with a broker that doesn't use MetaTrader (like EFX Group - MBTrading), then you can get the generic MetaTrader demo here:

Download MetaTrader 4, MetaTrader 4 Mobile or MetaTrader 4 MultiTerminal

I have also found that InterBankFX for example will vary wildly from the generic demo, while AdvisedTrading for example is usually spot-on with it or off by no more than one or two pips. I have never had a live account with either of those brokers, but have just noticed those differences in testing them.

But since I use EFXGroup, I prefer to stick to the generic MT4 demo; it is always the closest to EFX/MBT prices that I have seen.

I have only been trading for about a month, so I am by no means a veteran. But you'll be amazed how much more you know when you HAVE been trading for a month . . .

Hopefully helpful

Jeff

[Mark Trader]

Hi Pipalot,
I am actually trying to do more than compare my alerts to PipSurfer's... I am trying to automate some parts of the trading... That's why I've been asking so many questions lately =)
I did see that the alert only happens once and subsequent alerts are not reported. That's a stubmling block for me, so I thought I'd ask you: can you think of any way that the indicator can be restarted automatically?
Thanks,
Mark.

Originally Posted by pipalot

Hi Mark,

If all you want to do is compare your alerts with PipSurfer's (he took over the Cowabunga blog from BigPippin in March 2007) then what you have now is fine. You will only get the first signal emailed but subsequent signals will continue to show up as arrow, they just wont alert you by email. So you can manually look at all the arrows and compare them to his blog. You probably don't even need you computer turned on - when you choose to turn it on and open the chart it will populate it with all the arrows going back in time.

Regards,

Pipalot

[forexea]

What is special with PipSurfer's MACD? I am using OsMA(12,26,9), but the value is still different.
Any ideas?
Thanks in advance.

[pipalot]

Originally Posted by gryat

Hi

I don't know if this has been noticed before, but it seems to be something wrong with the indicator when OSMA moves from negative to positive. I compared the entry points that the indicator gave me with the entry points that Pip Surfer used in his blog at the 25th of October.

He entered long at a EMA crossover at 2.30am ET at 2.0479 Cowabunga System Update: 10/25/07 - Pip My System - Beginner's Guide to Forex Trading, Free Forex Education, Learn to Trade Forex, Forex Training - BabyPips.com

In my graph though, the entry doesn't appear. If you do take a look at the curve, you see that it is indeed a valid entry, OsMA moves from negative (close to zero) to positive.

I use the latest version of the custom indicator developed by pipalot, "Cowabunga any-pair".

Here are printscreens of my MT4 graph compared with his

Hi,

Your moving averages didn't cross over until just after that candle. It looks like the values must be taken from the centre point of each candle and the cross over hasn't happened at that point.

I believe that Pipsurfer uses the broker FXCM, so if you use a different broker then you will get slightly different results occassionally. If you want an identical setup to Pipsurfer then try using FXCM and hope he hasn't changed his broker (plus he uses X-tick software not MT4).

On this occasion I too did not get that signal, I'm using the broker Alpari. Ocassionally I will get a signal that PipSurfer didn't get, that's just how it works. In my view the indicator is accurate and there is no need to worry.

Kind regards,

Pipalot

[pipalot]

Originally Posted by forexea

What is special with PipSurfer's MACD? I am using OsMA(12,26,9), but the value is still different.
Any ideas?
Thanks in advance.

How different? Small differences can be explained by using a different broker to PipSurfer, I think he uses FXCM.

Kind regards,

Pipalot

[pipalot]

Originally Posted by Mark Trader

Hi Pipalot,
I am actually trying to do more than compare my alerts to PipSurfer's... I am trying to automate some parts of the trading... That's why I've been asking so many questions lately =)
I did see that the alert only happens once and subsequent alerts are not reported. That's a stubmling block for me, so I thought I'd ask you: can you think of any way that the indicator can be restarted automatically?
Thanks,
Mark.

Mark,

It might be possible to change the code to get rid of the problem. My guess is that the code was originally made to work that way so that it didn't send alerts for every arrow that it draws when it populates your screen when you first open the indicator / chart. If I get time I'll look into this eventually but I suspect that it wont be for quite a while.

Kind regards,

Pipalot