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Thread: Mindhero

  1. #1
    Junior Member
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    Default Mindhero

    Hello Funyoo,

    This indicator was posted on MQL4 code base. It seems to give pretty good signals except a few false ones. Certainly I have no idea how it works but It is working for me.

    I am attaching a screen shot as well as the indicator.

    My request to you is to build an ea based on this indicator with following criterias.

    Time frame: Dosent matter (15 min recommended)
    Use on pairs with spread less than 6.
    If possible can have money management features or an option to choose how many lots to be traded.

    Entry criteria: enter as soon as the arrow forms and in the respective direction of arrow.
    Fixed take profit of 10 pips ( if possible keep an option of setting take profit )
    Trade will stop if the opposite signal appear before TP is hit and a new trade will open in opposite direction.
    SL at the highest price in last 5 bars ( for short entry) and at lowest price in last 5 bars (for long entry).

    I certainly do not have a detailed statement as I am trying many methods. But the screenshot should give you an idea how good are the signals.


    Please let me know if this is a feasble idea.


    Thanks a lot.
    Attached Images Attached Images Mindhero-mindhero-jpg 
    Attached Files Attached Files

  2. #2
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    Default

    Isn't this indicator repainting? or do the arrows show up 3/4 bars after the bar where they show up?

    in that case, you will 'always' be running after the market, so an EA based on that indicator will not give you the result you wish for..

  3. #3
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    From what I have noticed is that it will form at the begining of the bar. If you look closely it never comes on the reversal bar --- it always next to it. That way it had already calculated the current bar will be a strong down or up trend. It does give some false signals.

    I have never seen repainting.

    Thanks

  4. #4
    Administrator funyoo's Avatar
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    The EA based on mindhero.
    Attached Files Attached Files

  5. #5
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    Default

    Thanks funyoo. Will try this EA out
    Forex forward testing result located:
    http://www.forexreviewempire.blogspot.com/

  6. #6

    Default

    I am testing it and is it possible to make modification to open/close trade only when arrow(blue/red) comes up not after if you late in trade.

    Thank you in advance.

  7. #7
    Administrator funyoo's Avatar
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    Quote Originally Posted by altoronto View Post
    I am testing it and is it possible to make modification to open/close trade only when arrow(blue/red) comes up not after if you late in trade.

    Thank you in advance.
    No it is not.

  8. #8
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    I am forward testing this EA. Will publish out the result on what the result in few days time. Stay tune
    Forex forward testing result located:
    http://www.forexreviewempire.blogspot.com/

  9. #9
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    I tried forward testing this EA on EURGBP 15M for 1.5 days. I got negative result of loss USD31.51 for 0.01 lot size.

    Anyone have any adivce on what currency pair this EA optimize on? I will continue the forward testing and post the next result on March 25. Thanks
    Forex forward testing result located:
    http://www.forexreviewempire.blogspot.com/

  10. #10
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    maybe using stochastic to check trend would be better

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funyoo, indicator, money, mql, mql4, pairs, pips, profit, request, signals, spread, stochastic, stop, time, trading, trend, usd

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