Hi Nigelng, the original breakout system with horizontal dots if you have lower lows or higher highs is great and very accurate. Here are entries from today. We are just working now on a system that can also catch the trend at the very TOP and Bottom as a bonus to see if we can do it.
thanks
just curious, so even the author is no longer on 1m TF i supposed?
u tuning it to 4 for the swing zz, m i correct?
What about the non-lag ma indicator as shown below?
Could this work ? PS only the current bar repaints.
indicators2.zip (8.64 KB)
I trade the 5 min and 1 hour with minBars set to “3” on all time frames.
thanks
Sandy It looks great! Its the perfect balance, OSMA to many false entries, SAR entries too late. This looks great to me. Good Job!
Lol just rembered it as i was headibg out the door to see men in black it came from another strategy i was testing (3 semafor strategy)
Sorry for my bleak posting, ill have a look over this tomorrow and see if i can come up with a better posting.
Do you think we should enter when nonlag chamges and is confirmed?
Hi guys i found something interesting on Blizard’s original strategy. Hihihi i kept it secret as i was testing it and wanted to be certain i had something.
Right i’ll pick on Blizard as he is our expert on this one 
Look at where you entered as per your strategy when the candle closed after breaking it. Now what i have been doing is entering a trade when the price breaks the trend line immediately, not waiting for the candle to close. Since i was scalping Blizards strategy i found i could get the extra margin i needed.
Now for most trades this won’t have a big impact, you may get a few extra pips, but the big movements your get more.
The only downside is trades will go on for a bit longer and your drawdown may be a bit higher, by most i think about 5 pips.
But proper money management is the key, i use 1% risk and it works fine like this, my approach is very conservative.
Right now back to the new strategy…
For a Buy:
Entry could be:
Dot appears outside of Bollinger Bands and has closed !
Wait for “Non-Lag MA” indicator to show a confirmed blue bar (this will be the second candle).
Enter trade.
Exit:
OR
(im not too sure about how to exit)
Reverse for a sell.
Ok a couple of things about the above. The “non-lag MA” ONLY repaints the current bar, past bars do not repaint, but as your see we need for the second to go blue so it confirms a buy or maroon for sell.
I still think the OsMA could be good for exit when we get two dark bars, as it does tell us the strength of the trend.
The only issue i can see with the above rules is that we are going to enter quite near the top (i think), but we will mostly cut our profits short of the actual bottom.
Now im not saying thats a bad thing as if we come out with a profit this works.
The only alternative i can think of is to say when the trade his +5 pips, start a 10 pip trailing stop. This would capture the larger trade movements and would get around this issue, but we could loose like 6/7 pips, so we may not really gain anything in the process.
I have a feeling we might be able to combine some sort of EMA or SMA with the bollinger band to help with a better exit.
The only question is does the “non-lag ma” truley help cancel out fakeouts?
Also for those that are interested i got the non-lag ma from a 3 semafor trading strategy (which was ok, but not great).
The only thing is if we can tweak the non-lag ma so the buy and sell colour matches the swing zz higher and lower better it would be more acurate to tell us when to buy and sell. But with the non lag ma if its blue, dont sell ! and vise versa.
Opinions please
Guys one last observation for tonight. Remember i dumped that on here for you guys.
The original is here:
Daily trend ZCOMFX v2 - MQL4 Code BaseUse the one i uploaded, so you don’t have to edit the values just dump on the chart and thats it. Now one thing i did observe with Blizard’s original strategy was when this indicator told me the pair was sideways with the blue sideways arrow, the market did not move alot and i got stopped out and had fake trades.
My thinking is, we only take trades when we get a green up or red down arrow which indicates there is a daily trend. My logic is if we have a trend in either direction, we should have more movement and less chance of a whipshaw.
The was i used this indicator with Blizard’s original strategy and it is how i use it now is i only take trades going in the direction of the daily trend which this indicator shows me. Works nicely
Now if you go with the daily trend you will get more pips than you would going against, but you can go in both directions with the original or new strategy.
This might be a useful indicator to help us identify periods of market quietness.
Im thinking and were know on monday, combine this with the non-lag ma and i am hoping we wont have any fake trades.
Anyone got any better ideas of how to exit than the ones i listed above ?
So entry would work like this:
For a Buy:
Entry could be:
Exit:
OR
(im not too sure about how to exit)
Reverse for a sell
.
Maybe zero fakeouts this way ?
now this is interesting, this is wat i call naked and accurate! if u set for say 5 pips profit and 5pips+spread SL, putting as simple as tat, u can actually earn some decent money
Hi Nigelng thats the plan ;), i was thinking the same, hence the 5pip trailing stop. Should be possible though
But were see on monday during live forward testing
Also don’t forget to use pairs which have low spreads. Some of the JPY pairs can go up to 4-5 pips during the day, almost double EURUSD. Could be the difference between success or failure
Hi guys, this one is more for the new followers rather than those who know Blizard’s strategy.
First i’d like to apologise to any newcomers for any confusion that I may have caused over Blizard’s new strategy.
The screenshot you see below is my setup, how i have Blizard’s system in use, now as its a saturday you can’t see the EA’s trend lines.
In the attachment you will find everything you need that we all use which is:
MT4 Template for Blizard’s Strategy
Stockneon’s EA (currently to set to minibar 4)
Indicators: Daily Trend, Pivots, Current Spread and Swing ZZ (currently to set to minibar 4)
[B]
DO NOT LET THIS EA TRADE LIVE, IT CAN WORK BUT YOU MUST BE VERY CAREFUL. MY ADVICE DO WHAT I, BLIZARD AND THE OTHERS DO AND JUST USE IT TO SHOW YOU THE TREND LINES, ALSO WHEN THE PRICE CROSSES AND CLOSES AFTER THE TREND LINE YOU WILL SEE AN ARROW INDICATING A POSSIBLE ENTRY POINT.
I DO STRESS POSSIBLE ENTRY POINT AS IF THE EA WAS PERFECT WE WOULD SIMPLY BE USING THIS EA AND BE MILLIIONAIRES.
JUST EXPERIEMENT FIRST AND TRY IT OUT. [/B]
Strategy - Blizard.zip (67 KB)
I recommend not entering a trade if the spread is over 2.7, 3.0 pips at a push, just if your going to trade JPY pairs, if the spread is too high your lose before you have begun !
I felt this was nessasary just to tidy things up and have all the details for Blizard’s 1st strategy in one place. When we have defined Blizard’s new strategy i’ll post a new posting again with both strategies.
Blizard may i ask a favour please? Would it be possible to update your 1st post with my zip file and screenshot so any newcomers can get everything they need without going through 57+ pages.
Right now for some more hard evidence as to why i am quite a supporter of Blizards 1st and 2nd strategy.
The screenshot you see below is my trading from friday using Blizard’s first strategy only, with horizontal trend lines, no pivots or Fibronacci, i traded only in the direction of the daily trend and was trading alot.
Now a few things, before you look at the chart, this proves it works over multiple pairs and since it did this well on a friday !!! imagine how good it will do mon - thurs. Right onto the three losers. The 0.01 loss at 05:58, well it was early and i was not paying attention, mistakes happen ! The second loss of 3.86 at 12.54. I did not follow the horizontal trend line rule, if i had, this would of been a profit and the last loss of 1.49 at 16.46, well who trades at this time in London, 14 mins before the London close?? A madman trying to prove whether a strategy works on not.
Now if you look closely and traded just 0900 - 1600 which is what i do, my MT4 is GMT+2, for the last two weeks super scalping like this i had a 100% success rate. Doubt me, try it yourself doing it my way.
Now i know this is not a huge amount of profit, but since i get 6% of my spread back on each trade, i get at least 1.2 pips per trade, not so bad now eh ? Now thats me. I know Blizard makes more pips per day, but since i am scalping low levels i was going across multiple currencies to get my numbers up and to truly prove if this works.
Now i have your interest look at my chart below and now you understand why me and Blizard are very excited about the new strategy and do require input. Like i said possibly same time needed triple the pips. I have no complaint about that 
PS forgot to add i know the comments say ZZ_BUY and ZZ_SELL which is the same as stockneon’s EA, i changed my manual scripts to reflect this so i knew what strategy i traded as i have MT4 demo accounts running multiple strategy’s and EA’s, so this helps my analysis at the end of the day
Thanks.
Any questions / requests just ask.
Sure thing Sandy, good work!
Hihi take a look at my edited post above, just updated it You will be happy
Very close to live trading now
By the way i have had 2 weeks of success trading like i have in the above screenshot.
I recommend not entering a trade if the spread is over 2.7, 3.0 pips at a push, just if your going to trade JPY pairs, if the spread is too high your lose before you have begun !
I forgot if i mentioned why i settled on my settings. Basically i ran Stockneon’s EA for 1 week 24/7 trading on 10 pairs, with all different combinations, minibars 2,3,4 on 1 min, 5 min and 15 min each in a separate MT4 client on the same PC.
I analysed the results each day and this is why i prefer to trade 0900 - 1600, minibar 4, only in the direction of the daily trend.
Now this proved that minibar 3 and 4 worked best, but as i am a newbie i made too many mistakes on minibar 3, in 6 months i probably will use minibar 3 to get some more trades as i will be a better trader then, but not now ! This goes for trading against the daily trend as well !
I will stress one thing which many may not have noticed, now the minibar 3 gives shorter swings than the 4 correct? Yes. Now Blizard take about 5 - 7 pips aprox per trade on minibar 3 and i go for the lowest like 0.2 pips per trade on minibar 4, now for the reveal, logically we should be doing it the other way around, Blizard using minibar 4 and me minibar 3 since he goes for more profit and i go for a short amount of profit
I am just proving the point that any strategy can be modified to suit our own personalities. Also more importantly this relates to strategy 2, try different things and post the results.
There is no right or wrong here, were improve this and maybe we can get a holy grail out of it
HI Sandy, im working with a programmer to see if we can add the horizontal lines logic to the EA along with a Sar based trailing SL. Ill keep you posted.
thanks
Interesting cool nice 1!
Thanks for the update
sandy, seems like ur loss is greater than ur profits if, i m reading it correctly.
wat do u mean by getting 6% back on ur spreads?
sorry sandy, you may have repeated this many times, can u repeat it again wat period in gmt is best for these strategies/?
Hi there Sandybeach, nice to see you posting again.
So does this new indicator working as you suggested?
Hi all,
I have tried to understand this system but after having red many threads I am a little bit confused.
Please let me know if I am correct.
Use a 5 min timeframe then connect the last two confirmed dot. Then enter a trade as soon as a candle close above/below the connection line. Use last dot as stop loss. What about target? Just 8-10 pips?
I should avoid trade close to resistance/support/pivot lines.
Is this correct?
What a good Job Sandy !
I enjoy to read you.
I trust You and Blizzard for improve the strategy.
Hi guys, thanks for the Kind words, but i can’t take credit for Blizards work on this
Right onto the questions and answers:
[B][U]Nigelng[/U]
sandy, seems like ur loss is greater than ur profits if, i m reading it correctly.
> Ah this is the trick, that was an experiment, as i mentioned above, the large 3.86 loss only happened as i did not open the trade as per Blizard’s horizontal trend line rule and the spread was almost 5 pips, which is why i would not open a trade if the spread is over 3 pips, REGARDLESS !
> Also i would not recommend any trading late on a friday afternoon, the markets go quiet and just this quietness can turn a winning strategy into a loss, most traders dont trade friday afternoons, i avoid them, so if i was trading friday as i would normally which is 0900 - 1100 GMT, on the image above it would 1100 - 1300, i would of had one winning trade
wat do u mean by getting 6% back on ur spreads?
> I get 60% of my spread back from Hot Forex, maybe i did a typo, sorry guys.
sorry sandy, you may have repeated this many times, can u repeat it again wat period in gmt is best for these strategies/?
> No these times is what i find is best for me.
Sunday = No Trading
Mon - Thursday = 0900 - 1600 GMT
Friday = 0900 - 1100 GMT (But i may not trade fridays, just not certain)
As i am a newbie trader i am trying to be quite conservative, once i can be profitable i’ll extend my hours, but the reason for entering an hour after the market has started is so that the market should be nicely moving in a trend in any direction and not ranging or slow which is where we may get losses, also by stopping entering trades one hour before the market ends at 1600, im avoiding the last hour before London closes where things slow down and traders quit for the day.
Also i get the start of the US session from 1400 London time until 1600.
I apologise for the above screenshot being confusing, but i did not want to cut and past it incase anyone thought i was showing fake results. These trades are all on my demo account.
Also be careful of JPY pairs due to their high spreads !
So does this new indicator working as you suggested?
> Sort of, the non-lag MA looks good, on past charts but we really need to test this on monday to see if it works or not. But if it does your know 
Use a 5 min timeframe then connect the last two confirmed dot. Then enter a trade as soon as a candle close above/below the connection line. Use last dot as stop loss.
> Yes, but use the last dot as indicated by Blizard, the second last one.
What about target? Just 8-10 pips?
> I believe Blizard goes for this amount 5 - 20 depending on how big a move happens, but he is more skilled than me.
I should avoid trade close to resistance/support/pivot lines.
Is this correct?
> Pay attention to these, as if the trade is too close it may not break the resistance / pivot but also it could shoot and go straight through it. This is practice, i don’t use the resistance or support, but i will be taking a look at pivots next week, i dont use them at present.
Also guys if you have any ideas as to improve strategy one or 2, please post them so we can discuss and test.
Remember Strategy 2 is not defined at the moment, so DO NOT TRADE IT LIVE !!! Just demo trade it and let us know what happens in regards to profit / loss etc or any observations.
Whatever works we will test and implement and thanks for the questions im happy to help
[/B]
