The Cowabunga System

[satsui]

Originally Posted by ybop01

I've rewritten the MT4 indicator so it should be a lot easier to use. The 4 hour trend is indicated on the 15 minute chart and the triggers now appear as arrows. You can configure it to send you and email when a valid trigger occurs but I'm not sure how useful that will be due to the inevitable delay in getting the email.

Strongly urge to display all indicators on chart and check validity of my indicator signal. Not guaranteed to be bug free but let me know if you find anything amiss.

Thanks, this will definitely be useful.

[millyjim]

Originally Posted by ybop01

I've rewritten the MT4 indicator so it should be a lot easier to use. The 4 hour trend is indicated on the 15 minute chart and the triggers now appear as arrows. You can configure it to send you and email when a valid trigger occurs but I'm not sure how useful that will be due to the inevitable delay in getting the email.

Strongly urge to display all indicators on chart and check validity of my indicator signal. Not guaranteed to be bug free but let me know if you find anything amiss.

hos do i install indicator on the mt4 platform. it is in zip file.

tks

[ybop01]

Originally Posted by millyjim

hos do i install indicator on the mt4 platform. it is in zip file.

tks

Unzip and put contents in the //metatrader 4/experts/indicators folder and restart MT4

[pvctrades]

BigPippin, I noticed you took a trade 7:15am last night. On my indicators, the stoch was in overbought territory with a value over 92 so I didn't take it. Not sure why the data between what we have can be so much different.

[BigPippin]

Originally Posted by pvctrades

BigPippin, I noticed you took a trade 7:15am last night. On my indicators, the stoch was in overbought territory with a value over 92 so I didn't take it. Not sure why the data between what we have can be so much different.

Post chart please. Could be because of different brokers but it might be something else.

[dcpeter3]

This is my chart from around 2 am yesterday. Note that MACD is positive.

[pvctrades]

Originally Posted by BigPippin

Post chart please. Could be because of different brokers but it might be something else.

Here are the charts BigPippin, the candle is the one with the yellow circle. I noticed that someone else said their MACD was positive. In my case, only the stoch is in overbought. How would we know which is accurate? Anyways, this month is a little rough and very choppy

[BigPippin]

Originally Posted by dcpeter3

This is my chart from around 2 am yesterday. Note that MACD is positive.

It looks like your MACD went from negative to positive on the crossover. Is that right? If so then that is still a valid entry. Even so, your MACD is very different than mine and I'm not sure why. It looks like your settings are correct. Our candles look the same so I don't think it's the broker difference. It's something in the software. Try NetDania. It's on dailyfx.com. It's a free chart. See if those charts match mine.

[BigPippin]

Originally Posted by pvctrades

Here are the charts BigPippin, the candle is the one with the yellow circle. I noticed that someone else said their MACD was positive. In my case, only the stoch is in overbought. How would we know which is accurate? Anyways, this month is a little rough and very choppy

Both stochastic lines have to be in overbought territory for it to be an invalid entry. In your first chart only the fast line is in overbought territory. The 2nd chart is borderline. Keep in mind I am using what's called "Slow Stochastics". It looks like yours might be on "Fast". Some charting softwares give you the option to choose. It's very rare that the stochastics keep me out of a trade so if your stochastics are just entering overbought/oversold territory then it is probably ok. The only time you don't want to get in is if the stochastics has been in overbought/oversold territory for an extended period of time.

[topgun]

I had the same problem on Oanda's charts. The MACD histogrm looks totally different than yous & Metatraders . I just gave up on it and sololy use Metatrader for all my charts and everything is perfect. I have no idea why Oanda's MACD is not the same as all the others when the settings are the same but atleast we have many other choices for charts .

Topgun

Originally Posted by BigPippin

It looks like your MACD went from negative to positive on the crossover. Is that right? If so then that is still a valid entry. Even so, your MACD is very different than mine and I'm not sure why. It looks like your settings are correct. Our candles look the same so I don't think it's the broker difference. It's something in the software. Try NetDania. It's on dailyfx.com. It's a free chart. See if those charts match mine.