Make indicators for TD Sequential, TD Combo
Use:
https://www.mql5.com/en/code/8966
Read:
https://www.mql5.com/en/blogs/post/748846
And book:
https://www.forexfactory.com/attachment/file/3920125?d=1618974628
And make scanner for both having multiple timeframes and symbols.
Show buy/sell setup and buy/sell countdown start and end.
A product like this, has less information in scanner:
https://www.mql5.com/en/market/product/59023
Add more information like which number bar. And if Sequential or combo. And price for setup start.
Also add price for latest Support/Resistance if possible.
Something like this:
Thanks. Will subscribe. And follow this. Need this now!!!
Accepted. I'll work on this as my next project, sometime next week I think.
I read the pdf. Seems like a promising strategy.
Just one thing: if TD Sequential and TD Combo both are in the same scanner, it might get too complicated.
I'll try to make separate dashboards.
Or maybe have a drop-down where user can select only 1 strategy at a time: TD Sequential Dashboard or TD Combo Dashboard.
Otherwise there will be too much info on scanner and will be very confusing.
Found this cool presentation on slideshare which explains things easily. Just for reference 🙂
Arrows Strategy:
TD Sequential
Options:
- TD Setup Bars = 9, TD CountDown Bars = 13, Check High/Low In Between Bars = 4
- Look for Price Flip? If true: Don't start TD Setup count until Price flip
- TD Setup Bars Consecutive? If true: TD Setup bars need to be consecutive
- TD Setup and CountDown Merged Count? If true: Then it will become TD Combo strategy: where countdown starts from 1st bar of TD setup
- Check if TDST Crossed? If true: It will take High/Low of 1st setup bar as Support/Resistance and if price during setup/countdown crosses this SR, then stop count and disregard signal
- Check if New Setup starts? If true: Disregard ongoing countdown if a new setup starts developing
SL/TP
TP at TDST Line (Low/High) of 1st bar of setup
SL: Ratio of TP (2:1) means SL will be 1/2 of TP
Based on SL/TP It will count the success rates for Max Past Bars
Scanner Show:
- TD Setup (Count)
- TD CountDown (Count)
- Reason for signal ignored: TDST Broke, new Setup started, Setup not consecutive, etc
Win Rate Percentage for past Max bars
I will keep updating this strategy. Maybe add or remove some features based on how it develops.
Also, might remove some information from scanner if it feels too crowded.
Currently Arrows Indicator is ongoing. Will keep releasing ex4 as it develops.
- TD Setup Bars = 9, TD CountDown Bars = 13, Check High/Low In Between Bars = 4
These will be variables and user can set these right?
Because in Combo, there is a more conservative version with Total bars 30. Instead of like in sequential with 22 bars (9+13)
And there is a less conservative version of combo having same as sequential bars. With some more checks.
Like TD last count-down bar close should also be less that previous 2 bars close.
Also, some more patterns like TD Combo, TD Camouflage, TD Clop, TD Clopwin, TD Open, TD Trap
And conservatively, a price flip after count-down. And check for intersection:
https://www.youtube.com/watch?v=tXbaF-on2zY
I know a lot more complex!!
Yes. These will all be variable.
Main checks will be TD Setup and TD Countdown. And all other checks will be optional.
I know a lot more complex!!
Yes. This is a complicated one. But all good ones are 🙂
Which is why I will keep doing this project in phases.
Phase 1: Initially, just using the original TD Sequential file code you sent, I'll create a scanner.
Phase 2: Create an Arrows Indicator with all the options I wrote earlier. With SL/TP calculations, and win rate calculations.
Phase 3: Scanner with the above Arrows indicator and win rates for all pairs/timeframes.
...
More phases could have the patterns you sent.
I'll maybe put the simple scanner as a separate free product on my site.
And final, more complex product could be paid.
I'll release each phase in the product page. Will share the links soon.
More phases could have the patterns you sent.
I'll maybe put the simple scanner as a separate free product on my site.
And final, more complex product could be paid. But I'll PM you the ex4 files in each phase for testing.
I'll release each phase in the product page. Will share the links soon.
That sounds Perrrfect!!
Sorry, I had been travelling last week. So wasn't able to fully focus on this.
Here's Release v1.0 for TD Sequential Arrows only. It's a Time Demo. It will expire by end of this month.
It contains all the basic features. Try it with Indices, Crypto etc.
Anything where price has a good steady climb or decline and good volatility. And timeframe at least H1+
Won't always work well with forex. It will depend on time of day and pair based on volatility.
Setup: s1,s2.. s9 should climb or dip steadily and distance should be enough. And countdown c1,c2...c13 should start ranging and not climb/dip that much.
Only trade signals when price has gone far enough between s1 and s9. And c1 to c13 hasn't yet retraced enough.
In next release, I will be adding TDST lines. I might remove the arrows as this indicator is better when it shows Overbought/Oversold areas.
So, Support/Resistance lines might work better. And arrows might give a wrong idea of immediate Buy/Sell.
Thank you!
I have tested it out. It's great. Will try it out till July end. And buy the full version. It's really cool. Had some good trades so far on M15 & M30.
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