PZ Day Trading Indicator
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Hi,
Has anyone got any experience with this indicator? I want to automate the buy and sell signals into an EA.
Thanks in advance.
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Not personally. Could you please share it?
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0_1576010720093_RM_DayTrading.mq4 There you go! I want to automate it into an EA so that the EA will buy on an 'up arrow' signal, sell on a 'down arrow' signal. Not sure how to create a constant around that. Thanks for your help.
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@sirboyce My trading students had them a while ago. Luckily they were able to return it and get money back. But in the same time they are banned from able to buy something for ever, they had to accept. He is only friendly as long you dont return. And to the result, most of them do repaint, and dont work as expected.
A short edit, i asked my student for screenshots. Point is he had not one - but he was able to remember that the statistic dont work correct, because it calculates only the optimum distances between his entry and exit but there isnt a exit target. So even 3 pips often given as profit, but in real its a loss because spread. Also he only calculates the perfect entry and exit, but this you can only do in the past. And finally you get very often corrections from a sell to a buy signal. And the SL isnt given. So at all its a S&R indicator. Save your money.
"First learn! Then earn!" or "As more you learn, as more you earn."
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@tom-5 Thanks for the comments. Interesting. I am not looking for a magic bullet (there is no such thing) and not looking to use this indicator as the basis for my strategy, however. I am actually considering this indicator as a useful S&R indicator as part of a set of conditions to trigger a buy or sell trade (in the H1 timeframe). This is why I am enquiring as to how to create a block in FXDreema that tells the EA to trigger on an up or down signal appearing. Hope this makes sense!
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@sirboyce yes understand, but you will see there is no exit signal. Means you have no relation for SL and TP = you cant make in long term serios profits, because you run more often in SL or loss. Because the exit the system makes it after it - i can add it and show it to you. Its unrealistic. If you really want to make money, learn price action or swing trading. Look at my profile there is a link - there you can see my results. I know what i am talking
But its also good to get your own experience, and not losing the fun on it. -
@tom-5 I well understand price action. I am looking to use the indicator only to draw my attention to possible price reversals in the markets for entry. I am looking to use pivot points and daily highs/lows, Fibonacci levels for TP and SL, possibly a trailing SL based on fractals that I already have set up...certainly not the signals given by the PZ indicator.
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@tom-5 I find it interesting how your myfxbook are demo accounts. You come across as a scammer dropping hints that you have students and they are making money through you.. Steps on how to scam in forex, open Demo accounts and trade both ways, then show the account that wins. drop hints on forum on how your students earn money with your teaching and that places are limited to drive interest.
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@hadees Hello, that wasn't my intention to portray me that way. I only filled in the profile. And the demoaccounts and real money accounts are for my students to track the trades and not to show or cause or otherwise. For this alone it is made, because with my trading stations, I can't make it visible in a purely technical way. I do not live from teaching, but am a consultant for innovations and strategy and company owner. But I thank you for the advice that you see it that way, but all accounts you see if real or demo are ver. You only see it from your own point of view how you present yourself. However, it was not my intention to present myself as a cheater or to show off, for this all accounts whether demo or real money are verified and no amounts. You can see that at the top of each account.. I'm sorry if that came over like that.
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@tom-5 I think the discussion went off-topic! Can we stick back to the issue?
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@trader-philipps Agreed! If it helps, these are the parameters that appear for the indicator in a condition block. Problem is...I can't see that there is any parameter that relates to the event of an up arrow buy signal or down arrow sell signal.
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@sirboyce Hi! Sorry for delay, you can use the buffers of this indicator: buffer 0 is relative at buy arrow and buffer 1 is relative to sell arrow
Open an "indicator appear" block and you can see
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@trader-philipps absolutly! Thanks for it
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@ambrogio Ahhhh! It's that simple! Thanks so much for your help.
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@tom-5 A
