123PatternsV6 indicator update — This new version has been developed using 15pip rangebars. V6 still works OK on normal charts I just want you to know it will probably give best results (without any more fine tuning) on rangebar charts. This ...

Multiple Trading systems gbpusd only

123Patterns repeat signals — Sure thing Kreator, I understand and will work on it. Something like RepeatSignals=True/False. RD update: Try setting V5 ShowAllLines=True. This can be traded (with a trend) every time a blue line is breaking. Tell ...

Multiple Trading systems gbpusd only

The trend is your friend — Kreator I like your idea to have another view of trend. I am a trend-follower because I find it is more efficient than taking every signal. What is the red moving average line on your M5 chart ?

Multiple Trading systems gbpusd only

Article: Why are RangeBars so useful — Found this well written article by Ken Wood about why rangebars are so useful. RangeBars article here Free Range_Bar indicator here

Multiple Trading systems gbpusd only

V5 keeps first signal — I am seeing an example of this new behaviour right now... image Zaman teaches as long as #1 is not broken the trade is still good.

Multiple Trading systems gbpusd only

123PatternsV5 indicator update — This is my first update to the original indicator (v4) found in post #1077. Version 5 changes include: show the first signal in a new direction and keep showing that first signal even when a new larger pattern ...

Multiple Trading systems gbpusd only

123Patterns new logic under construction — OK, I'm trying to achieve a balance here between usability and strict interpretation of all the 123 rules. There are other 123 indicators available that give you every 123 pattern possible. That's not ...

Multiple Trading systems gbpusd only

123 setup becoming invalid — Yes they will both repaint, because valid setups become invalid. A correct 123-break pattern is made invalid when price breaks back above #3. image

Multiple Trading systems gbpusd only

123Patterns is based on ZigZag — 123Patterns is based on ZigZag (comes with MT4). If ZigZag is changing some of it's lines as price action progresses then valid setups will become invalid. I suspect that this will be more likely with very low ...

Multiple Trading systems gbpusd only

123Patterns on M5 normal chart — I think the individual setup of 123Patterns is flexible enough to suit different trading styles, timeframes, and number of times you want to trade. For example, my trading style is to look for just one or two ...

Multiple Trading systems gbpusd only

How I design settings for 123Patterns — In previous posts I was looking only at GBPUSD,M1 charts, now I shift my attention to GBPUSD,M2 (15 pip rangebars) like in Zaman's Oct backtest. I am on IBFX 5-decimal pricing data feed. This could be ...

Multiple Trading systems gbpusd only

123Patterns original source — I notice a lot of interest in the 123Patterns indicator. May I just say my idea with that was experimental only but with Zaman's October backtest results it is looking more like a 'real' system. Thanks Zaman. The ...

Multiple Trading systems gbpusd only

123 Steps shows when trend changes — My questions above are only important for trend-following systems. As Zamanib tells us some systems do not care about the trend, it is not in the rules. In those systems defining the trend is too ambiguous ...

Multiple Trading systems gbpusd only

123 Steps shows who is in control — Using the 123Patterns indicator (see post #1077) I switched on the setting to ShowAllLines = True. This shows all the ZigZag highs and lows used inside the indicator. Now the question we always want to know ...

Multiple Trading systems gbpusd only

123Patterns new indicator (experimental) — 123 patterns have been discussed often in this thread. Looking at the charts there are many potential 123 setups in all different timeframes. What makes the difference between a useful setup and a ...

Multiple Trading systems gbpusd only

SuperTrend — SuperTrend, based on ATR(20) above/below median price. See it here.

Indicators or none?

Looking back in time for 123 patterns — When I want to look back in time for previous 123 patterns I use the ZigZag custom indicator that comes with MT4. Different depth settings allow me to see many or few 1-2-3 reversal points. On GBPUSD H1 ...

Multiple Trading systems gbpusd only

Who is the author of 1-2-3 indicator ? — The header for 1-2-3 Pattern MTF v3.1.mq4 //+------------------------------------------------------------------+ //| 1-2-3 Pattern | //| Copyright 2008 Kirill, Barry_Stander_4 | //| ...

Multiple Trading systems gbpusd only

Indicators - as few as possible — I do not use any oscillators, or moving averages. I call them squiggly lines and have found they do not improve my ability to make decisions. My chart is below to show how I try to use as few indicators as ...

Indicators or none?

Moving Stop to BE is essential — Gonso, many thanks for your well thought out reply. Another high priority goal is protect trading capital, which is another reason that moving the stop to BE is considered essential. The other option I have ...

Has anybody experienced stops being hit more frequently?