Qmp filter indicator

Watch how to download trading robots for free. Find us on Facebook! Join our fan page. Access the CodeBase from your MetaTrader 5 terminal. Couldn't find the right code? Order it in the Freelance section. How to Write an Expert Advisor or an Indicator. Regardless of the market forex, securities or commodity marketindicators help to represent quotes in an accessible form for easy perception.

This section contains thousands of applications that analyze financial markets using different algorithms. Conventionally, they can be divided into a few categories: trend indicators, oscillators, volume indicators and so on.

In addition, there are sets of indicators based on algorithms by famous financiers. For example, Bill Williams' indicators and likes of it. All of them are characterized by different parameters of reliability, efficiency, lagging and others.

There are more than indicators for technical analysis: trend indicators, reversal indicators, indicators of levels, predictors, scalping indicators and many others. I recently needed an indicator that, once placed in a window, is able to change the Time Frame of all open windows.

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In addition, I wanted this indicator to be able to react to Metatrader's Time Frame selection bar. Despite my various searches, I couldn't find anything suitable. So I decided to develop my own indicator. I propose it to you here. This indicator watches and displays the biggest spread the pair generated. It is recommended to run at least 5 days, from Monday to Friday, to get a big picture of the broker's spread. Ichimoku Kinko Hyo is an indicator that tracks the equilibrium of momentum and identify likely areas of support and resistance.

qmp filter indicator

The Ichimoku chart is composed of five 5 separate indicator lines. These lines work together to form the complete "Ichimoku picture".

qmp filter indicator

This indicator places a mark a semaphore at the zig zag for each of 4 zig zag evaluation lengths. The code is based on indicator ZigZag which is in-built in MT4. I have changed it so that it isn't calculated on highest Highs and lowest Lows, but instead uses highest Close and lowest Close of chart price history.

The indicator is shown in a histogram the ADX uptrend and downtrend uses a different way. You can set period of indicator and bars count averages levels. The indicator is shown in a histogram the Bands uptrend and downtrend uses a different way. You can set period of indicator and levels for trend. The indicator is shown in a histogram the MACD uptrend and downtrend uses a different way.Multiple pending orders with multiple take profit ea 3 replies. Attachments: Multiple trades in one direction with profit target.

Exit Attachments. Multiple trades in one direction with profit target. Just want to discuss a couple of ideas I have running through my head that may or may not interest others here. First thing is that I received an email in my inbox this morning with a new Dustin Pass system which looks like it is based on some hedging strategy that increases lot size as the trade progresses and then looks for an overall target.

Well that was video No. I'm not a fan of his but it had me thinking about a similar idea I had a while ago, which I eventually had built into an EA. Didn't work out as good as I thought it would, so it was discarded for a few months.

I have more than likely discussed this somewhere else here in FF, but basically it was taking one trade with a base lot entry of say 0. If this target was not hit and there was a reversal signal, then a new trade would be opened in the reverse direction with a larger position size and still looking for that same overall profit target.

This sequence could go on for many trades in both directions until the target was hit. The EA was pretty basic and didn't have anything to assist with initial trend selection etc. Like a lot of trading systems, they look good on paper and in theory and then proceed to let you down when put under the pump. But a couple of weeks ago I was watching another video that basically showed a trend identified and the system was only taking trades in the direction of that trend.

So if for example the major trend was up, then the system would only take buy trades on each new trading signal generated, so you could end up with multiple buy trades open. This got me thinking and took me back to my old EA as mentioned above. I figured if I could identify a major trend, put the EA on a smaller time frame chart, and using a couple of my favourite indicators which would generate buy and sell signals, I should be able to hit a nominated overall target even if price moves against me.

All good in theory! A few concerns then became pretty obvious. First up only trading in one direction and increasing position size each trade can lead to a pretty heavy overall position size, hence money management is critical. The good thing is that I get to nominate the lot multiplier on my original EA, and instead of using the good old martingale where you double up every new trade, I went with a little more softer softer approach and just use the fib sequence to lessen the martingale affect a littleso my first trade is 1, followed by 2, then 3, 5, 8, 13, 21 and I don't go any higher, but I do continue with 34x position size for quite a few more trades.

I can also elect to close out the sequence at a nominated level so it doesn't blow up your account. My next issue is what do I do if there is a change of the major trend and I still have a sequence of trades open in the opposite direction. Ideally I would like to begin a new sequence of trades in the this new direction, which is really not an issue. But do I immediately close the old sequence out and more than likely take a hit, or let the sequence complete in profit keeping in mind the trend is now against me.

This is where it gets tricky. There were also a few minor issues with my basic EA as it will immediately open a new trade as soon as a profit target is achieved, which then begins a new sequence I don't particularly like sitting staring at charts all hours, so I am a big fan of EAs. Now I know for a fact that there are plenty of EA haters out there but you will be wasting your breath trying to convince me otherwise.

I appreciate they are not perfect but man they make my life easier and I have no problems on relying on them for entries and some trade management, especially as I had them built for me. So I am in the process of having my Programmer modify this very basic EA to include some other inputs, including custom indicators to ID trend direction, trading times, Friday close time, option of nominating how many profit sequences I would like and also modifying initial lot size on subsequent sequences etc.

Basically more bells and whistles. Looking forward to seeing what she comes up with. There is a lot of discussion on these forums about basic trading where one position is entered at a time, and even some discussion on adding to winning positions as the trades progresses in your favour.

And dare I say, there is discussion on averaging down where you are basically adding to a losing position when price goes against you.JavaScript seems to be disabled in your browser. You must have JavaScript enabled in your browser to utilize the functionality of this website. These devices trip when the clogging of the filter element causes an increase in pressure drop across the filter element.

Vacuum switches and gauges Pressure switches and gauges Differential pressure indicators Also available with temperature lockout options. Headquarter Branch Offices Dealers. MP Filtri S. Search: Search. You have no items in your shopping cart.

EA based on MACD, QMP Filter and divergence indicators

Clogging Indicators. Filter elements are efficient only if their Dirt Holding Capacity is fully exploited. This is achieved by using filter housings equipped with clogging indicators. The indicator is set to alarm before the element becomes fully clogged. MP Filtri can supply indicators of the following designs: Vacuum switches and gauges Pressure switches and gauges Differential pressure indicators These type of devices can be provided with warning signals visual, electrical or both signals.

Please wait Show 5 10 15 20 25 per page. Clogging Indicators Vacuum switches and gauges Pressure switches and gauges Differential pressure indicators Also available with temperature lockout options. Add to Cart.Can I get someone to convert this mt data to Prorealtime.

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I have very little programing skills hence the help required. You must be logged in to access attached files. Just kindly ask in ProBuilder forums and I will translate it.

As I said I know very little about programing so hope I dont get too many technical questions, but saying that Jim has offered offered to help with any questions. It has dots when the 2 curves are crossing.

QQE RSI Indicator with Price Action Squeeze setup

It should not be difficult to translate. About the QMP Filter, seems that one which plot green and red dots on the main price chart. About the QMP Filter indicator, how do use it in the strategy?

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What are the triggers to generate entries and exit? Thank you. Not sure what you mean by changing the setting on the zero lag to true, that is its setting. These are the basics which I am still trying to get my head around. Works best on 4hr — Daily. I think I have now finished completing the whole conversion. I know you spent alot of time on this but the QMP filter does not put the dots on the chart but in a separate indicator panel.

Its not a major problem as you can align the dots using the cross hair onto the chart. Just add the QMP Filter on price instead, use the wrench on the left upper side of your price chart and add indicator from there. Create your free account now and post your request to benefit from the help of the community Register or Login. Register Login connect with Facebook.He has a monthly readership oftraders and has taught over 20, students.

Read More…. What do you get if you put two traders side by side for four weeks with the exact same training and trading plan? Most likely, you will get dramatically different results. Trading is a highly individualistic profession, and no two traders think exactly alike or possess the same level of natural trading skill, intelligence, talent or intuition.

Today I am going to talk about the main challenge in this process; filtering bad signals from good signals. Knowing what to look for and what the best signals look like is one of the main steps to increasing your chart-reading skills and confidence in your trading ability. Keep in mind, the signal itself could be substituted with other strategies or signals of your choosing.

The following tips for filtering trades can be applied to any trade signal or entry trigger, but we are mainly using daily chart pin bar strategies in the examples below, as well as one 4 hour chart example. When a pin bar signal has a tail that protrudes through a level, it also means that it created a false break trading strategyand a false-break of a level adds a lot more weight to any signal. A false-break of a key level is a very important event, it shows that the market could not sustain itself below or above an important level and that a move in the opposite direction is highly probable.

We can see an example of a pin bar signal that protruded through a key support in the NZDUSD, creating a false-break of that level:. In the GBPUSD chart below, we can see two more examples of pin bar signals that had clear and obvious protrusions through a level and that also created false-breaks of the levels.

qmp filter indicator

Both of these signals lead to substantial moves lower, in fact, price is still moving lower as of this writing from the long-tailed pin bar that created a false-break through 1. The tail on a pin bar is very important, it shows rejection of price. Note also that in the GBPUSD example below, the long-tailed pin bars tail was clearly protruding and created a false-break of a key resistance, as we discussed in the previous tip:.

qmp filter indicator

The key here is movement; when price is moving then the pin bars or other signals are going to be much more effective than they will be in stagnate or consolidating market. Traders often get sucked into tempting looking breakout trades. Many breakouts result in false-breaks as we saw earlier. Inside bars cause a lot of false-break scenarios like these, especially when a market is range-bound and not trending or if the inside bar setup is implying a counter-trend breakout like we see below:.

Long-tailed pin bars work very good as reversals after a sustained move. One aspect of long-tailed pin bars that can be used as a type of filter is that they tend to work very well after a sustained move in one direction; often marking important market turning points or even long-term trend changes. For example, in the USDJPY chart below, we can see that a long-tailed bullish pin bar occurred after a sustained downtrend, then the pin kicked off a large move higher….

Look for continuation signals after a pullback to support or resistance in the trend. For example, if you see consecutive bars of consolidation for a period of time, and then a pin bar signal forms inside that chop…the signal become less valid. Simply put…confluence adds weight to ANY trade signal.

This is even more accurate for intra-day signals. A 4 hour or 1 hour signal without any type of confluence behind it is usually not a high-probability setup worth trading. See the example below:. A good exercise for any trader is to create their own checklist of different filters that they use to scan the markets for potential signals. You can just create a quick checklist with one to three sentences describing what the filter is and then an example image of the filter under it.

Look for a signal with a protruding tail that creates a false-break of a level. Watch for obvious protrusions and false-breaks of key levels in the market.

This filter can be applied to trending markets or to counter-trend trades. A long-tailed pin bar is a high-probability pin bar. Long-tailed pin bars work very well in trending markets and as counter-trend signals, as we saw in the examples above.

A long-tailed pin bar is always something to keep an eye out for when analyzing the markets.

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A good filter to use for tempting looking breakout trades is to wait for the breakout and close above or below the level. This will help you avoid many false-breaks, especially in range-bound markets. Be cautious trading pin bars or other signals that form in thick and choppy consolidation.A consistent and decisive method for entering the market can be achieved by defining precise trade entry rules.

Many traders may find themselves naturally too conservative or aggressive when it comes to entering a trade. Those who are too conservative may end up sitting on the sidelines while waiting for multiple levels of confirmation, a practice which commonly leads to missing trades altogether. Conversely, aggressive traders may jump at any chance to get in the market, sometimes with no valid reason other than the desire to trade.

This, of course, frequently leads to losing trades. All traders, whether conservative, aggressive or somewhere in the middle, can benefit from using trade triggers and trade filters to establish decisive trade entries.

Trade filters can be thought of as the "safety" for the trade trigger. Once all of the conditions for the trade filters have been met, the safety is off and the trade trigger becomes active.

Trade filters may include a variety of factors, ranging from time of day to location of price. For example, the trade filters for the chart in Figure 1 include:. All of these trade filter conditions become true on the bar, providing the setup for the trade trigger to be activated. Trade filters define the ideal market conditions for the trade trigger. These filters are often established through observation and backtesting. For example, a trader may have developed a trading system that performs well in the mornings but has unsatisfactory performance in the afternoons.

The trader could then use a time filter to limit trade entries to a specific period of time; in this case, between a. Figure 1: The trade filters have been met in yellow circle and the trade trigger is activated once price is one tick above the previous bar's high, allowing for a precise trade entry.

An important consideration in choosing trade filters is not to limit the "degrees of freedom" in a trading plan. In other words, too many filters may create a statistically improbable trading setup that would rarely, if ever, be true. This greatly limits the ability for a trading plan to be robust, consistent and profitable. This is the situation in which the overly conservative trader finds himself: essentially filtering out most trading opportunities. One reason why traders might over-filter a trading plan is because they attempt to eliminate all losing trades after performing historical backtesting.

Backtesting refers to testing a trading plan or idea on historical data to determine if the idea could be profitable in real-life trading. While backtesting is a valuable tool for developing profitable systems, it can be misused, especially in the case of determining ways to avoid every or most losing trades. This is a form of curve fitting, which manipulates the trading conditions to perform the best on historical data, while creating an unrealistic system that performs poorly in real life.

When defining trade filters, traders should strive to create filters that are beneficial to the system as a whole — and not to a specific trade or two. Once trading filter conditions have been met, traders watch for the trading trigger to occur to initiate a trade entry.

Figure 2 shows this basic progression.

Pinpoint Entry Points With Filters and Triggers

Figure 2 - This "timeline" shows the progression of trade filters, triggers and entries. Trade filters must first be fulfilled, and then a trade trigger provides the precise opportunity for a trade entry.

Trade triggers can be thought of as the line in the sand that defines exactly when a trade will be entered. Unlike trade filters that can include a variety of factors, trade triggers tell a trader exactly when to act. Trade triggers should be absolutely objective and clearly defined in the trading plan.

There should be no room for ambiguity. For instance, "go long when the moving averages cross" could be further defined with "after all trade filters have been met, enter a long position once price is one tick above the previous bar's high. All of the trade filters would need to already be true in order for the trade trigger to go into effect.

In Figure 1, we see the line in the sand is drawn once all of the trade filters have been fulfilled: the time is between a. EST; a bar has closed above the and period moving averages; and the period moving average is above the period moving average. The trigger, then, is activated once the trade filters become true.

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