{quote} Thanks for charts It will be great if you can explain how you spot these setups because at the eyes of everybody else this indicator looks very lagging and unusiable
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It’s currently 14:07 broker server time so considering the H3 candles that will close at 15:00 (about one hour away still), one can see USDCAD is about to roll over. I have to leave so I can’t really explain much now but I just spotted this one real quick for a quick reply. I’m not trading that FTMO free trial demo account for today since it already reached target but when I get back in a few hours, I’ll look for more setups to share here.
{quote} Thanks for charts It will be great if you can explain how you spot these setups because at the eyes of everybody else this indicator looks very lagging and unusiable
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I should also clarify that I created the thread under Interactive Trading. I’m not sure why it was moved to Trading Systems. Just wanted to mention that in case many people are expecting a fully detailed Systems thread.
{quote} I should also clarify that I created the thread under Interactive Trading. I’m not sure why it was moved to Trading Systems. Just wanted to mention that in case many people are expecting a fully detailed Systems thread.
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I was just curious becaus you see something the majority of us don't see about this indicator.
This is the same chart you posted.
Yes, indicator is below the zero level but there is no guarantee this pair will roll over. It can go either up/down.
Please, when you have time if you can explain your prediction would be nice but only if you are willing to do so.
cheers
{quote} I was just curious becaus you see something the majority of us don't see about this indicator. This is the same chart you posted. Yes, indicator is below the zero level but there is no guarantee this pair will roll over. It can go either up/down. Please, when you have time if you can explain your prediction would be nice but only if you are willing to do so. cheers {image}
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Just post your setups, watch my setups posted here, watch others who post, and hopefully you’ll develop candle maturity. Not saying you don't have already, I'm just speaking in general. This indicator is perfect for navigation. I wouldn’t make it better, worse, non-lagging, lagging, etc. It’s good as it is with default settings. I’ll try to explain more.
That was quite the pullback candle on that USDCAD. If there is a very deep pullback as was the case here, the price should at least come back to attack its own open price.
Hit the $1100 target on day 2 on the FTMO 14 day free trial. Commonsense candle pattern reading is necessary but it's nice to use this indicator which puts you on the right side of the market, not too soon, not too late, just right.
I made a non-repainting Dynamic Zone Polychromatic Momentum indicator for MT5 that doesn’t need a DLL, using ChatGPT 5. There’s already a good version for MT4 made by Mladen, but I wanted to make one for MT5 that I had the source code for. At first there were a lot of compile errors, but it eventually got working. If more people start coding MQL4 or MQL5 with ChatGPT, it’ll self-train through feedback and get smarter, making less and less mistakes. I’ll be trying this out this week instead of the Elliott Oscillator.
