Ok peeps, scholarly glasses on?
First some explanation about how EA's interrogate indicators. They strap them into a chair, apply the electrods and send 200 volts throught their bodies.
Oops, sorry. Forgot I was on the forum and not indulging my favourite fantasy. Too much time spent with happily insane teenagers today.
EA's cannot 'see' what is on our charts. They rely in values stored in an indicator's 'buffers' and can interrogate those buffers. There are 8 of them, numbered with wonderful obfuscation 0 to 7, but displayed in the data window as 1 to 8.
An ea coder can work out which buffer stores which information. So, if HGB finds a value in buffer 0, it 'knows' that the indi has printed a large green trend arrow. It 'knows' there is a large red trend arrow if it finds a value in buffer 1 etc. That is to help you make sense of Denis's pm:
Hi Steve,
If by High wavy lines you are talking about buffer 7 (6 in base 0 for EA) and Low wavy lines about buffer 8 (7 in base 0 for EA) this is correct.
If you mean wavy lines on top of price or under the price this is not correct.
Wavy lines from buffer 7 (6 in base 0 for EA) are always telling you we entered the ±0.4 band, the position of waves are only telling you from where we are coming.
Wavy lines from buffer 8 (7 in base 0 fro EA) are always telling you we exited the ±0.4 band.
the position of waves only depends on which side of the band we are coming from or exiting from. See picture below for some visual explanations.
I know this is confusing, but I also wanted to show the wavy lines in term of Support & Resistance area, tell me if that's still not clear.
wavy_buffers.png
All HGB needs to know is when the market has entered a range; he doesn't care whether from above or below. This information will come in handy when we consider something Bob posted in his HGI thread earlier.
He wrote that he often trades from wavy line to wavy line, sending pending trades at each 20 level as in his norma multi-pair trading. You will have experienced the power of multi-level trading if you had the pendings set on UJ when NFP was released today. The 220 pips I gained from that is most of today's profit.
So, this suggests a fourth trading method to me. Here are my plans for HGB's development over the next few days, in no particular order:
- add wavy line to wavy line trading.
- add the option to start RAD grid trading with a pending trade on the next 20 line.
- add ATR to the exit options for Trend and RAD trading.
Thrilling times.
I have just closed my remaining trades to be flat for the weekend. Given the way this monster trades, I see no point in leaving them open. Demo profit today is an extraordinary 338 pips, and amounts to 6% of the account balance.
Ok, so not the heady heights we reached on Wednesday, but 6% in
one day without a hint of danger to the margin. Imagine 6% a day every day for a couple of years, then drool for an hour or two.
And that leaves aside Wednesday, when I could have closed out at +30% at one point but did not because I wanted to see what happens - or the day that Bob made ridiculous thousands of pips on his live account. mptm could have a role to play here; I might set it up to do a global closure at 20%.
Jury is still out on the Range trades. They could ultimately fail, but the multi-layering of Trend and RAD trades is just plain fantastic.
I bloody hate weekends.
You do not have the required permissions to view the files attached to this post.
Read the effing manual, ok?
Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation. pianodoodler@hotmail.com is the account.
To see The Weekly Roundup of stuff you guys might have missed
Click here
My special thanks to Thomas (tomele) for all the incredible work he does here.
Closed everything before the NFP. Thank you Steve, Bob and all other great souls for a great indicator and an awesome EA. Holy Grail Indeed..!! 
I am testing on different TFs too... Will post here if i find something interesting.
