Youre correct, the color isnt important as the tops and bottoms are always different colors. Always join the last two confirmed dots of the same color.
Hello, what is your setting for minBars for the indicator? I suggest using ‘4’ . Also you will notice the candles cut through many times on that trendline. Take nice clean entries. You Chart actually shows a prefect sell as per the image I have attached.
Blizard!!! i have to thank you for sharing this wonderful system! finally something that works for me. if i can say this after two days using it i use the swing_zz on minbars 4 and the mt4 built in zz indi on default settings for the entries and previous highs, lows for take profit on M1 chart. however … i strongly suggest everyone who use this strategy to watch h1 and/or h4 charts with trendlines to avoid risky entries!
as for results i can say that i made 3.27% / 89 pips in two days!!! this is amazing!! oh!! and the risk for every trade is 0.5% of my balance.
Hello Blizard. I am a follower of your thread for a little bit of time now.i have a question. I strangely never had succes so far with your system. Can you please tell me how to avoid the trades where the candle goes through the trendline and even closed after trendline, but as soon as i go for entry price goes back under the trendline. please help i almost get crazy because i just cant figure it out. Thanks
here is the layout that i use for the system. hope that somebody can find this useful.
top chart is m1, with pivot, grid indicator, 125 and 250 ema, swing_zz set to minbars 4. bottom charts are h1 and h4 with grid indicator and trendlines. i use them to avoid risky setups.
the first one was a valid signal for the system, however the price was on the trendline on the h1 chart and on a fibo level, so normally you should not enter this type of trades. so you have to be very very careful.
the second trade is far better than the first one, price bounced several times from the h1 trendline, take profit is the daily pivot or better.
Hello, the price may pull back but as long as it doesnt pass the last dot of the opposite color you’re still ok. Usually after the breakout there is a pull back but its only a few pips on the 1 minute chart so I just enter with the initial breakout.
Here is a perfect setup this morning. Can anyone modify the swing zz to automatically connect the last 2 (confirmed) dots and let the user choose the minBars settings. Maybe have an alert popup or even enter a trade and place a SL automatically at the last dot of the opposite color. Seems like a simple EA and I can even pay somebody if that’s what it takes. Any thoughts or awesome programmers willing to help us out?
Blizard i’ll work on some semi automatic solution where u can draw the trendlines and the ea automatically enters and alerts you. i think a fully automatic system would fail if i make progress i’ll post it here.
I was thinking a fully auto system might not work but if we could have SwingZZ which auto drew on the line connecting the last two dots that would be perfect for us all
i checked today’s eurusd. something about +120 pips with all the signals and pivot tps. this is a very optimistic number
sadly i made -43 pips today this is the bad news