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@  KINGSTON : (23 May 2019 - 08:12 PM) 90%
@  Mattzio : (23 May 2019 - 06:33 AM) out 77
@  Mattzio : (23 May 2019 - 06:28 AM) here comes the party pooper
@  Mattzio : (23 May 2019 - 06:21 AM) 110.200 ?
@  Mattzio : (23 May 2019 - 06:05 AM) yep
@  Mattzio : (23 May 2019 - 06:00 AM) bought 41
@  Mattzio : (23 May 2019 - 05:58 AM) take any undercut reversal watchin watchin
@  Mattzio : (23 May 2019 - 05:56 AM) Strong res 110
@  traderpusa : (23 May 2019 - 03:39 AM) might be something i picked up along the way then. it just popped up again when i wanted to type here.
@  Abdul777 : (23 May 2019 - 02:40 AM) nope, at least for me not
@  traderpusa : (23 May 2019 - 02:23 AM) somebody else getting this since yesterday when they click on some BOE link ? https://gyazo.com/82...a4a8371c691abeb
@  nikhilpillay : (21 May 2019 - 09:30 PM) Hi
@  lucasdesilva : (21 May 2019 - 07:18 PM) spike
@  dawid9840 : (21 May 2019 - 03:47 AM) RN
@  nels007 : (19 May 2019 - 05:44 PM) Volumen Reversal Indicator
@  Sanelez : (17 May 2019 - 12:47 PM) Trading with smart money
@  traderpusa : (16 May 2019 - 08:20 AM) hi kuja hj. long time no see
@  happyjas : (16 May 2019 - 08:14 AM) best of luck and green pips always everyone :rolleyes:
@  happyjas : (16 May 2019 - 08:13 AM) B)
@  happyjas : (16 May 2019 - 08:13 AM) tough times but in good vibes always

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Binary Triump Arrow indicator


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#1 odsel

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Posted 06 May 2017 - 06:03 AM

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Greeting everyone!

 

Intro

 

I just made an indicator, which is basically the strategy that had been uploaded here so many times, and still people re-upload it.

 

So I decided to develop indicator around that strat, so I can help people that are still concerned about this idea.

 

I saw reteid tried and developed indi, but eventually she wrote that it's not worth.

 

Me - I don't know is it really worth something, I just want to help people. So I upload this indicator, open source code, free - so other programmers can make use of it (however I think that my code is pile of shit and needs to be burnt by a flamethrower :) , but it does the job!)

 

 

Guidelines

 

1. Download both indicators, copy to your Indicator folder

2. Refresh the list of indicators at your mt4 terminal

3. Drag and drop the "Break Arrow v2.0" indicator to your chart screen

4. You don't need to drag "ZigZag MOD v3" - it just used to calculate

 

 

How does it work?

 

It's actually a piece of shit, but it works (I'm referrng to my indicator, not the whole idea).

Based on the guidelines of the book, which is still circulating at BOE (gotta give the author credit for this idea anyway):

Ken Alison's "Price Action Short Break Method BinaryTriumph Strategy"

 

This indicator uses the swing values, the swing values are sourced from zigzag indicator - I know it's out of the original rules.

It searches for twizzers (or some set-up which I understood as "twizzers"), but the indicator can use normal engulf patterns (see the "Pattern Mode" parameter), in which the number of set-up drastically increase, but not the ITM ratio.

 

Once it found the set-up, it calculates if the range borders, it considers the ahead bars time (remember that book gave 8 candles forward and connect with last swing - "Bars forward offset" parameter sets this value)

It can also not consider if the price crosses the line so early - you can give your own number of bars untill which the arrow won't appear - "Bars allowed from" parameter

 

Note! It does not consider the bars count to previous swing, remember that the book said about maximum 15 candlesticks back ?

So note that it does not consider or filter out any set-ups, in which the previous swing was so far behind (like 50 candlesticks before)

 

 

Message to programmers

As you might see my code - it's pretty crapy.

1. Do you know how to better identify swing other than using zigzag indicator.

2. Or, do you have zigzag indicator which is developped more clear, because I had hard time understanding the code and didn't end-up embedding this code to my indicator, instead I just iCustomed it.

 

 

Message to all

1. Don't use the ITM calculator - it calculates wrong, you can simply tell it by going to Montly timeframe and count yourself the arrows and compare the actual ITMs with that panel

2. If it draws weird lines just change timeframe and change it your desired timefram - so it refreshes itself.

3. There's a filter option, which is disabled by default, what it does is filters arrows based on ADX indicator. If ADX is strong enough it will allow arrows.

4. I haven't tested the alerter

 

 

 

Attached Files


  • Alfred, Limafox, psxgameshop and 15 others like this

Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#2 odsel

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Posted 06 May 2017 - 06:08 AM

So please be free to test and give opinions, ideas, or maybe filter options.

 

I would checking my post as much as I can, as my main job is so hard and time consuming, don't expect immediate response from me.

 

Any bugs found? write here.


  • dagamaster17 likes this

Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#3 rmretifica

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Posted 06 May 2017 - 08:10 AM

Eu não sei se isso vai funcionar ... mas é de longe uma das melhores postagens que eu vi neste fórum!

Parabéns!



#4 odsel

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Posted 06 May 2017 - 11:10 AM

Oh btw, If you're new to this strategy here's that book

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Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#5 odsel

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Posted 06 May 2017 - 01:21 PM

Eu não sei se isso vai funcionar ... mas é de longe uma das melhores postagens que eu vi neste fórum!

Parabéns!

Oh! Thank you man, had to use google translate, I don't know why it took so long for me to do it  :D


Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#6 gelsas

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Posted 06 May 2017 - 03:26 PM

Will look into the itm counter, maybe I can fix it.

 

Looks really promissing!



#7 AP51

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Posted 07 May 2017 - 12:06 AM

Great. Odsel.
However, an error occurs in the strategy tester.
Neither lines nor arrows are drawn.
Does it work properly on real time chart?

  • tomi26 likes this

#8 odsel

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Posted 07 May 2017 - 02:19 AM

Sorry! Should have backtedted it myself before uploading.

 

 

Here's the fixed version, now it should work on backtester, and plot triangles ahead of time.

 

However I found that it repaints, if you run backtester and compare it with live chart - it will show different results,

 

it repaints because of ZigZag MOD v3 indicator, gotta fix that too, or find different indicator for identifying swings.

Attached Files


  • yarik19 and charli like this

Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#9 AP51

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Posted 07 May 2017 - 03:22 AM

Thank you for dealing with this matter.

 

I will try various things with that.



#10 siimduud

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Posted 07 May 2017 - 04:57 AM

Hey man, I don't personally use the strategy, but it's nice to see people sharing just for the sake of sharing. More people like you is what we need here. Good work!



#11 gelsas

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Posted 07 May 2017 - 05:12 AM

How are the results in backtester?

#12 kubn2

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Posted 07 May 2017 - 07:41 AM

How are the results in backtester?

maybe check it by yourself? 



#13 gelsas

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Posted 07 May 2017 - 08:27 AM

maybe check it by yourself? 

I would but I am traveling right now, so no PC right now, that is why I asked.


EDIT: just had time to quickly check it, the new version does not draw anything for me on normal chart or in backtester.



#14 odsel

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Posted 07 May 2017 - 11:09 AM

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OK! Big Update

 

I reworked the indicator, totally removed the ZigZag MOD v3 - now it's not needed,

 

Now indicator only considers price channel - the highest and lowest values at some range - Bars to consider parameter. Just like the original book stated:

" We Draw the line back to the highest/lowest candlestick before the reversal was made( Maximum of 14 candlesticks back) "

 

Fixed a lot of bugs with arrows pop-up, tested it myself, now it shouldn't repaint.

 

Note:

 

The Draw actual lines parameter draws lines, and all arrows do pop-up once these lines are crossed.

 

ITM calculater still not fixed.

 

The Draw actual lines can show not straight lines - it's because of Price channel, still working on it, but now it's more appropriate enough for a straight line.

 

Any bugs, errors, suggestions - write here

Attached Files


  • singu, purepenus, Battery and 7 others like this

Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#15 odsel

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Posted 07 May 2017 - 11:11 AM

I'm sorry people!

 

This topic is my first one, but nontheless, should have been more prepared before making a topic. 


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Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#16 gelsas

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Posted 09 May 2017 - 12:23 AM

I have tested it in the backtester and used the arrow as entry signal, right now it avarages at 50%. 

Are you still fine tuning it ?



#17 odsel

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Posted 09 May 2017 - 12:42 AM

Yeah! I'm still on it.

 

Soon I will post a big updated version - with some major fixes and maybe I will fix ITM calculator.

 

But I didn't implement any filter ideas yet, or anything towards improving ITM ratio.

 

You can give suggestions on this so I can review and maybe implement them


  • Alfred, guedezvaldo and KAndreei like this

Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#18 odsel

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Posted 09 May 2017 - 03:39 AM

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Big Fixes!

 

I reworked the lines - now they are straight.

 

I fixed the ITM calculator - now it should show correct statistics.

 

Note

don't go over H4 timeframe, the indicator woks fine, but triangle plotting at higher timeframes might be off ahead or before intended points

Attached Files


  • Alfred, teodomiro, purepenus and 15 others like this

Odsel - is actually a randomly generated name. It has no meaning. Once created for a single use, and now I register everywhere using it! ... I feel weird


#19 Veyozei

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Posted 09 May 2017 - 12:52 PM

Do I have to compile this somehow in order to add it into MetaTrader? Because when I add this file into the Indicator folder it will not show up on MT4 or MT5



#20 bomad

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Posted 09 May 2017 - 06:08 PM

Good job odsel ! Thanks a lot.

 

Just put it on my chart. I`m thinking of a filter method. Playing around with "obove/below lwma 13 only" and stuff, but it is hard to find a filter to avoid wrong signals and many missing signals.

 

Everybody using this great indi, please help to find a filter which can be put into the coding.

 

Above/below rsi 8, (higher tf to reduce noise?) typical, level 50 (no ob/os conditions), line drawings after engolfing, inside bar (harami japanese for pregnant) or other pattern, but arrow appears with an alert maybe two candles back when rsi line has crossed 50. (arrow would be nonrepainting then...) could be a filter in M5... just a suggestion, needs to be tested. Expiry time would maybe more than 30 minutes...

 

Will check out some more. Screenshots when I find something useful.






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