123 positive results — Glad to hear you're getting positive results

123PatternsV6 revisited

Arrows and distorted patterns — If there are no coloured dots when the arrow appears this sounds to me like ShowAllBreaks=true which allows break arrows to show on distorted patterns. Distorted patterns are not well defined and it is possible ...

123PatternsV6 revisited

Dots and arrows — Hi simmo24, the dots identify price points that make up the 123 pattern, arrows signify the 'break' part of the pattern. A decision to buy or sell depends on all the factors including things like timing and previous price ...

123PatternsV6 revisited

Fibo Targets (basic setup) — This post shows the same basic setup with one more layer added. I call this layer Fibo Targets. Fibonacci retrace tool is used to draw one fibo with five levels configured at 0.0, 0.5, 1.0, 2.1, and 3.8. The fibo ...

123PatternsV6 revisited

ZigZagDepth=12 (code change) — Good question. 123Alarms uses the default setting from 123PatternsV6.mq4 The only way to change that default setting is to edit the code and recompile the indicator. MT4 menu Tools.Metaquotes Language Editor F4 ...

123PatternsV6 revisited

Basic Setup M5 'no frills' — Welcome Joeyd, I like your description 'no frills' and 'cuts through the fog'. I see Zigzag as the basis of this 'fog' cutting. I just want to focus on what is important, not get distracted by all the little price ...

123PatternsV6 revisited

Link to 123Alarms — Welcome Neksus, great minds think alike Link to 123Alarms (add on for 123PatternsV6)

123PatternsV6 revisited

Stop Losses - What I do — Davidtrader, good to see your chart posting. What I notice right away is your chart is one hour (H1) timeframe. That means the distance between 123 price points is huge, like 100+ pips. Which means in theory that ...

123PatternsV6 revisited

Sell Zone placement — Spyderman, great questions. You have found a weak area that I was unwittingy being rather too vague about. Thanks. Yes that is correct. Aggressive entry prices are below 2. The red arrow points to the very first candle to ...

123PatternsV6 revisited

Summary of Terms (so far) — Thanks JulesvH cmac0351 spyderman and billbss for your comments. I see your experience and welcome your input. Also welcome two junior members xalson and davidtrader. Your very first post was made in this thread. ...

123PatternsV6 revisited

Drawing sell zones — Welcome davidtrader, thanks for your question. A sell zone is not an exact price line. Rather it is a broad 'zone' or range of prices roughly 10 pips high. I like to think of it as colouring with a crayon. It is not a ...

123PatternsV6 revisited

123Alarms add-on for 123Patterns — A few people have been asking about audio alerts for 123PatternsV6. There is an add-on called 123Alarms. It can be downloaded from the old thread. Download 123Alarms Please note that it does not require ...

123PatternsV6 revisited

Week 1 no trades — Week 1 no trades After starting this 100 fold challenge with great intentions I allowed myself to get distracted by other things. That is pretty much how my personality works, I like the idealism of planning something much ...

100 Fold Challenge -> Interested? TEST yourself

Basic Setup Sell Zones — Welcome AlexM80 Udine Eamonn simmo24 and porfiro, good to have your feedback. Looks like I better carry on with more posts In the last post I described the basic setup using ZigZag and my indicator. With the basic ...

123PatternsV6 revisited

When are 123 patterns useful? — Welcome piprac. I agree with you, in some situations 123 patterns are not useful. However, I also know that there are other situations where 123 patterns are useful. That is the goal of this thread as in post #1 ...

123PatternsV6 revisited

Basic Setup — First I want to welcome and thank Forexcube zamanib ukcool HankT and gprfc. Your interest and support is appreciated. I like to look at FF user profiles and try to imagine what it is like to be living (and trading) in those ...

123PatternsV6 revisited

Using ZigZag only — 123PatternsV6 uses ZigZag which comes with MT4. To understand this use a plain chart, add ZigZag only, then go to any candle and look back in time. What are the last three points made by ZigZag? Label those points 1 2 3. ...

123PatternsV6 revisited

Starting the challenge — Forexsaint, thanks for creating this challenge. I think it is an excellent idea. Many people would like to believe that a small initial sum of equity can be traded up to 100 times the original value. I am here to ...

100 Fold Challenge -> Interested? TEST yourself