Suggestion Need coder for very profitable strategy PZ TREND with confirmation indicators.

Hi no I dont have the new version of 5Nitro. only the original. BTW I have 3 different settings and timeframes running overnight so cant wait to see what happens.
D

 

Hi david cooper
Playing around with the Scalp_PZLopezTrend.
Instead of setting fixed TP and SL level.
Would it be possible to open once/close when the trend change?
Think this could be great strategy for 1H

 

5NITRO

 

Hi thanks for the input. We are working on that as well as a few more options such as trailing stop loss.

 

: Clap:: Clap:: Clap:

 

Hi DC, how did your different settings on the EA work overnight?

 

Lots of good trades but a few large loss trades so we are working on a trailing stop loss function that will limit this possibility

 

5NITRO-5min.tpl

 

Your EA can be master piece if you could add support and resistance and ATR which will show volatality of market to take trade looks at attached picture its very good system time frame H1

 

Thanks for the reply. I dont see being able to use support and resistance as this is the job that the NITRO strength indicator is doing for us now so it would be doubleing up on indicators from the way I see it. How would we use ATR> I am in the process of trying to figure out the best sets for each pair in terms of TP and stop loss moves and this of course takes into account ATR. How would we use ATR?

 

The other problem I have found in the past is support and resistance type indicators use a ton of cpu and tend to slow down the platform particularly at lower time frames. Do you have a good one. Might be worth a look but I am not sure how we could use it unless we just add it in as a forth condition to enter a trade. Ideas?

 

ok i explain about ATR for 5 min TF the atr above 6 pips mean very volatile condition for all pairs and below this ATR order should not be opened as market in range and less volatile thats it

 

But again this is covered by the Nitro indicator. This why we set it to certain amount. ATR is an important indicator that is weighted and contributes to the overall strength amount displayed, along with stochatic and rsi values and several others. I want to keep the platform as clean an efficient as possible

 

The name of NITRO indicator like as the name one famous trader namely Mbah Nitro which he is speciallist scalping
but on his trading system not used indicator but using candlestick pattern with certain rules

 

Hi, I have this option in new version and tested it already. It's profitable, but not so very much on the simple open/close order. It looks cool only in you picture (and big trend). You should analyse candle open/close price over longer time and will see there is the problem. We should use some tricks to lock profit before trend reversing - maybe trailing stop or smth. But now we are focusing on the first idea - scalping.

 

All right, understand.
Normally things are never as easy as they may seme, specially not in fx.
Let's hope the community can come up with some good combinations once the coding is done.

Are you also including option to have more than one trigger in order to open posion?
Example both trend change and specified strengt etc

 

Kim we already have this. If you look at the setting you can choose both of these.
D

 

david.do you have pzlopeztrend mq4 file?

 

No sorry I only have ex4
D

 

Any timeline for when next version will be released?