How about a multi-time frame 121 indicator that alerts when 121 pattern appears on other TFs, without the need to constantly monitor other TFs?
Sweet idea Mike/blott
I would also like to incorporate more "wave trader" patterns from Bryce Gilmore
Here is where I am up to with the ea, it enters at D and stoploss and take profit is at B and C pending the direction of the trade.
Still needs alot of work as I'm getting mixed results in backtesting.
You need to attach the indicator to backtesting chart for the ea to work.
And please use at your own risk.
Last edited by jtrader; 03-10-2012 at 03:44 AM.
Jos- i favor the one2one patterns just like you, but why make it into a EA? I wouldn"t make the basic harmonic patterns into a auto EA _ You know the markets are Dynamic
I agree, I just wanted to challenge myself to build a profitable ea, I was nailing 121's all through january and I thought maybe I could make it into an ea, my passion for this project has faded. I may come back to it when I have more spare time.
Hey Joswald, not how easy it would be but confrmation of supporting structures would be cool for this for example 261.8 of a double top or bottom coming within a certain deviation of of the completion point - ken chows stuff on supporting structure would be a good read for this.
Think about 121 as running correction ONLY and you will get much better results in the EA.
Thanks, will play with it
Originally Posted by joswald
Hi do both these go in the experts