Cowabunga system MT4 indicator

[glippmann]

Hello everyone -

I just downloaded the Cowabunga EA for MT4, from a post dated Jan 30, 2007, first page of this thread. After reading numerous posts I believe there is a more up-to-date version. Can anyone direct me to the latest version?

Thanks, and enjoy the upcoming holidays!

glippmann

[JeffNLisa]

Originally Posted by glippmann

Hello everyone -

I just downloaded the Cowabunga EA for MT4, from a post dated Jan 30, 2007, first page of this thread. After reading numerous posts I believe there is a more up-to-date version. Can anyone direct me to the latest version?

Thanks, and enjoy the upcoming holidays!

glippmann

Yea, it's in post #37 of this thread. It was updated by pipalot and he links to in in that post.

This thread is only up to 71 posts (72 now) so it's not too hard to read, and you can see the history of this indicator. Pipalot posted several updates BEFORE he arrived at the one now called "Cowabunga - any pair". Those are NOT needed, all you need is the "Cowabunga - any pair" that is linked in post #37.

Still a good read, and you'll be more informed after you've read the whole thread, especially now knowing which one has the indicator you're looking for.

Hopefully helpful-

Jeff

EDIT ==> The other link in that post, "cowabunga_template.tpl" is also very useful; it will add the correct visuals on your chart. Forgot to mention that.

[glippmann]

Thanks Jeff -

Will download and install, and start out in a demo acct.

Happy Holidays

glippmann

[aexhg]

Is the Cowabunga-anypair code correct. I notice that it doesn't catch the signal 2007.11.07 13:45(GMT), 7:45(EDT), which is caught as a buy signal
Cowabunga System Daily Update: 11/07/07 - Pip My System - Beginner's Guide to Forex Trading, Free Forex Education, Learn to Trade Forex, Forex Training - BabyPips.com
If you remove the "signal" requirement from the code it catches this signal too.

[JeffNLisa]

You know, it doesn't. And all four requirements are there. Wonder if we could all get PipSurfer to set up his chart somehow so that whenever he gets a signal it alerts all of us!!

Jeff

[JeffNLisa]

Originally Posted by glippmann

Thanks Jeff -

Will download and install, and start out in a demo acct.

Happy Holidays

glippmann

There is also a "cowabunga_template.tpl" in that same post that will set up all the visuals on your chart. Forgot to mention that, but the link for it is also in this thread.

Jeff

[andyk]

Pipalots modifications are excellent

However, with regard to the missed buy signal - the indicator was only looking to sell at that time. I get a little confused with where the trendline is drawn on the 15min chart - below price means sell, above price means buy, which seems the wrong way round to me - uptrends should be supported and downtrends should be resisted.

Also - looking through the code, the definition of 4Hr trend depends on MA cross, MACD and stochs. There has been talk about this before I think, but my interpretation is that the 4HR trend is ONLY DECIDED BY THE 5EMA/10EMA CROSS. This seems to be all PipSurfer is interested in on the Cowabunga daily reports.

I have changed this in the code, and will move the trendline indicator on 15min chart so that if we're looking to SELL, its above price, and looking to BUY, its below price.

This was very easy to do but if anyone wants me to post these changes let me know. I'd also be interested to know if I've done the right thing!

[Viso]

Could someone please point me in the right direction on info to upload the indicator to the MT4 platform?

[JeffNLisa]

Originally Posted by Viso

Could someone please point me in the right direction on info to upload the indicator to the MT4 platform?

If you have a MT4 generic demo account, the folder you want will be in "Program Files" and it will be called "MetaTrader 4". If you got your MT4 from a specific broker, then in "Program Files" there should be a folder that is named after your broker. If that's the case, then substitute that folder's name for "MetaTrader 4" in the following:

Locate the
//metatrader 4/experts/indicators
folder and put "Cowabunga- any pair.mq4" in to that folder

Then locate
//metatrader 4/templates
folder and put "Cowabunga_template.tpl" into that folder

Then close MT4 if you still have it open, and restart it.

Once you have your chart open, click "Charts" hover over "Template" and click on "Cowabunga_template".

If I'm not mistaken, the template loads the indicator automatically, but you can load just the indicator seperately by clicking "Insert" hover over "Indicators" hover over "Custom" and then click on "Cowabunga- any pair" and then click "OK"

Jeff

[JeffNLisa]

Originally Posted by andyk

Pipalots modifications are excellent

However, with regard to the missed buy signal - the indicator was only looking to sell at that time. I get a little confused with where the trendline is drawn on the 15min chart - below price means sell, above price means buy, which seems the wrong way round to me - uptrends should be supported and downtrends should be resisted.

Also - looking through the code, the definition of 4Hr trend depends on MA cross, MACD and stochs. There has been talk about this before I think, but my interpretation is that the 4HR trend is ONLY DECIDED BY THE 5EMA/10EMA CROSS. This seems to be all PipSurfer is interested in on the Cowabunga daily reports.

I have changed this in the code, and will move the trendline indicator on 15min chart so that if we're looking to SELL, its above price, and looking to BUY, its below price.

This was very easy to do but if anyone wants me to post these changes let me know. I'd also be interested to know if I've done the right thing!

No, in this missed trigger, the trend was up. It should have caught it, and it didn't.



EDIT 11-26-07 ==> I originally said MACD and not RSI in this post, my mistake. someone corrected me several posts later, but I wanted to come back and correct it here for those who are reading it later so as not to confuse anyone.

I also thought that PipSurfer must be using only the 5EMA cross on the 4hr for the trend. So I looked inside the indicator file to see if it was also looking at RSI and Stochs to determine the trend, and it is.

But in looking thru the blog that originally describes the Cowabunga method, BigPippin WAS looking at Stochs and RSI on the 4hr as well. Just that PipSurfer's feed has both the stochs and the RSI in the correct position at the 5EMA cross on the 4hr.

The problem with this MT4 indicator is that on the bar where the 5EMA cross occurs, if the RSI and the stochs don't also show the trend change in the SAME BAR, then the indicator won't pick up the trend reversal. It will then stay in the wrong trend until the next change and the next change back.

I don't know how to fix this, so I just removed the Stoch and the RSI portions of it, and now mine shows trend ONLY on the 5EMA cross on the 4hr. It's up to me to check it and be sure I have a true trend, but at least this way I get the intended signal more of the time.

I don't care about which side the line is on, but I would be curious how that's done; so if you do post it I would like to look thru it.

Jeff