Thread: Level Trading 123

Dear Funyoo,

Looks very nice indicator.

How to trade and use this indicator correctly?

Is it same as High - Low Zigzag or normal zigzag indicator?

And is this level trading indicator repainting? Best time-frame is H1?

Thanks for your sharing experience.

Best regards,
James

Funyoo

Do you think you could creat an EA for this indicator with martingail. I think it could have some good potential, but sitting up all the time waiting for the signals would be time consuming indeed

Yeah i have no idea either, just think it could be profitable if it could be done, since it does not get a lot of losing trades and if you include something like martingail, you know add some lots when you get a loser or two, could end up being quite consistant.

But need an EA to do a good backtest on

Originally Posted by funyoo

Yes that's possible but I don't know how to integrate the dot lines.

Originally Posted by wannaberich

Yeah i have no idea either, just think it could be profitable if it could be done, since it does not get a lot of losing trades and if you include something like martingail, you know add some lots when you get a loser or two, could end up being quite consistant.

But need an EA to do a good backtest on

Another idea.... A simply stop and reverse EA?

Buy when a red cross appears and stop and sell when a blue cross appears. Idem in sell orders.

This with MM... martingale or lots increasing colud be nice.

* First post in this great forum, regards from Spain and sorry my poor english

Hi Funyoo....and All.
I'm trying to backtest and optimize this Indicator with EA. What do we know of the "Setup" parameter definitions??? I have it making trades ....but I think it would work much better if the EA would place orders when a new line appears... It currently is making them after most of the profit is already behind us. Thanks BillR

Thanks funyoo i will have a look at it

Originally Posted by funyoo

Here is the code.