Patterns Observation.

[IgazI]

It indeed is. The simplicity is king.

The Scalping Champion.png

Every line is a profit. Problem is, can you make it work?
Can you see it? Can you even not see it?

Multi choice
1. Is this a continuation of the gold bar that Igazi dropped?
2. Or, is this the same/similar as the Walmal method on Tro's channel?
3. Something Else

Lines and the gold bar setup, my interpretation.
line-hybrid.jpg

I think he is just saying that it is a simple as "trading for lines":

If you know the dollar value between lines then you can quickly see:
- this is x dollars
- this is x / 2 dollars
- this is x / 4 dollars

You don't even need to plot sub lines, you know where 25 and 50% are located.

UPDATE:
I was informed that my request was not possible to code in MQL5.
I've suggested an alternative and am waiting to hear back.
If I can get it done then I think you're going to love it.

[kiwiarian]

Because there can only be one HH or LL, you can wait for the period to close and then target the extreme;

this will work the same on all chart periods in which you can realistically get into a trade at one end and get out at the other.

ONE_HH_LL.png

T is for trigger/trade and x is target?
That picture gave me an aha moment, thanks.

X = Exit
T = a point in time.
If marking a trigger, I'd use a horizontal line.

The idea is simple:
- there can be only one highest high:
if price is going up then bet on a new high.

The real question that you need to answer is this:

If there can be only one lowest low, how do you trade from one extreme to the other?

What is the definition of a trend, when and where does it stop and start? at what point does the negative bias end?

It is easier to find a solution when you understand the problem.

I was thinking Shorting from A to B was what you were showing as that seems to happen a lot, but extreme to extreme C to B would be the better trade, on the right track?

CtoB.jpg (81.08 KiB) Viewed 1357 times

[IgazI]

I was thinking Shorting from A to B was what you were showing as that seems to happen a lot, but extreme to extreme C to B would be the better trade, on the right track?
CtoB.jpg

You don't know where the other end is until there is a close. . .
It is easier drawn than done

I was more thinking. . .

time_lowest_exit.png (26.71 KiB) Viewed 1348 times

[Bacik]

Hi IgazI this idea of one High and one Low is similar to the scalping method introduced by Al Brooks.

https://www.youtube.com/watch?v=eY-mKJ6 ... dingCourse

[IgazI]

Here is a script that you can play around with:
I had the robot write this skeleton for me; we can improve it together


Instead of selecting x number of pips we just divide the visible screen into 20 parts.

We can add code that displays the dollar value between lines, and just drag and drop the script again to update the chart.

1_20.png (27.26 KiB) Viewed 1283 times

[Don_xyZ]

Scalping 50%++ done for the Asian session.
Here's how...

Jun. 12 09.56.jpg (42.8 KiB) Viewed 1233 times

Rest. Until London open.

[Don_xyZ]

The new Battle Mode buttons.

Jun. 12 10.01.jpg (30.47 KiB) Viewed 1233 times

Makes life much easier

[kiwiarian]

Here is a script that you can play around with:
I had the robot write this skeleton for me; we can improve it together


Instead of selecting x number of pips we just divide the visible screen into 20 parts.

We can add code that displays the dollar value between lines, and just drag and drop the script again to update the chart.

1_20.png

Nice, faster than getting a fib tool out and adjusting levels.
So the same robot gave me an mT4 version so I can follow along with
This is based on the number bars I specify and not the bars that can be visually seen on the screen that MT5 does.

test1.mq4

(1.52 KiB) Downloaded 83 times

test1.ex4

(7.75 KiB) Downloaded 78 times

.

[IgazI]

Nice, faster than getting a fib tool out and adjusting levels.
So the same robot gave me an mT4 version so I can follow along with
This is based on the number bars I specify and not the bars that can be visually seen on the screen that MT5 does.test1.mq4test1.ex4.

Isn't it great? in a few more years there will be no need to hire anyone

I added a comment to show the distance between lines.

At the top, you can make it so that the script asks you to ok the inputs before running.

I assigned the script to the 'Alt + A' hotkey.

comment_line_width.png (60.75 KiB) Viewed 1175 times

ea_line.png (110.52 KiB) Viewed 1172 times

[kiwiarian]

Nice, faster than getting a fib tool out and adjusting levels.
So the same robot gave me an mT4 version so I can follow along with
This is based on the number bars I specify and not the bars that can be visually seen on the screen that MT5 does.test1.mq4test1.ex4.

I don't have MT4, can I see a picture of your chart?

Isn't it great? in a few more years there will be no need to hire anyone

I added a comment to show the distance between lines.

At the top, you can make it so that the script asks you to ok the inputs before running.

I assigned the script to the 'Alt + A' hotkey.

comment_line_width.png
ea_line.png

Its a game changer for sure.
ON 1hr I set the script to 30 bars back.
Then zoomed in on 5 min, lines stay there as they are objects.
I have a delete all objects script to remove lines if I need it.

30barsBack.jpg (152.8 KiB) Viewed 1152 times

5Barsback.jpg (94.32 KiB) Viewed 1152 times