Analyse your experts with Arrows
  #1 (permalink)  
Old 12-11-2005, 07:48 AM
scorpion's Avatar
Administrator
 
Join Date: Aug 2004
Posts: 1,922
Thanks: 97
Thanked 361 Times in 147 Posts
scorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to behold
Send a message via MSN to scorpion Send a message via Yahoo to scorpion
Thumbs up Analyse your experts with Arrows

I originally wrote this PlotArrows to analyse the performance of experts I am running right on chart. Plotting arrows and open & close price label on exact open and close times of every trade in hostory allows you to see how your expert perform in different market conditions such as choppy and trending.

How to plot arrows and price labels on chart base on trades history:

  1. Download PlotArrows.mq4 script below and save it to "Metatrader 4\experts\scripts\" folder.
  2. Open metatrader and prepare a chart (I prefer M5).
  3. Double click the "PlotArrows" script and click OK. You can change colors if you like.
  4. Done. You can see price labels and arrows plotted on chart now. If something is wrong, check the chart if the currency pair is matched to trades history.
How to read the arrows and price labels:

  1. I suggest you read all Buy trades from the beginning till the end of the chart first and then read all Sell trades later.
  2. Buy and Exit Buy labels are plotted in brighter colors, and Sell and Exit Sell are plotted in blue colors.
Any comments?
Attached Images
File Type: gif plotarrows2.gif (19.6 KB, 297 views)
File Type: png plotarrows3.png (26.3 KB, 339 views)
File Type: png plotarrows4.png (25.1 KB, 235 views)
Attached Files
File Type: mq4 PlotArrows.mq4 (2.3 KB, 246 views)
Sponsored Links Profitable Forex Systems
Automatically trade proven forex trading systems.
Real trading records available!
__________________
Make easy pips with the Advanced Economic Calendar for Forex Trading.
Reply With Quote
The Following 3 Users Say Thank You to scorpion For This Useful Post:
  #2 (permalink)  
Old 12-11-2005, 07:51 AM
scorpion's Avatar
Administrator
 
Join Date: Aug 2004
Posts: 1,922
Thanks: 97
Thanked 361 Times in 147 Posts
scorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to behold
Send a message via MSN to scorpion Send a message via Yahoo to scorpion
Default

You can see in above chart. I can finally see and touch bad trades right on chart. Before, I spent hours switching from trade history and chart back and fourth.
__________________
Make easy pips with the Advanced Economic Calendar for Forex Trading.
Reply With Quote
  #3 (permalink)  
Old 12-11-2005, 06:15 PM
Ravique's Avatar
Super Moderator
 
Join Date: Sep 2004
Posts: 404
Thanks: 2
Thanked 1 Time in 1 Post
Ravique is a name known to allRavique is a name known to allRavique is a name known to allRavique is a name known to allRavique is a name known to allRavique is a name known to all
Send a message via Yahoo to Ravique
Default

Nice thing Scorpion, will try it on the week, whilst trying to figure out why DynamicWMA came out such a looser.
__________________
Regards,
Ravique
Reply With Quote
  #4 (permalink)  
Old 12-11-2005, 07:18 PM
gazuz's Avatar
Senior Trader and Moderat
 
Join Date: Aug 2004
Posts: 768
Thanks: 1
Thanked 8 Times in 5 Posts
gazuz is a name known to allgazuz is a name known to allgazuz is a name known to allgazuz is a name known to allgazuz is a name known to allgazuz is a name known to all
Default

I never used arrows, I always just open an excel file. Also I test out a lot of things at once so i delete arrows when they show up because im testing something else. It has no use to me but I'm sure it will help others. Maybe I will try it on my laptop if I only do one at a time
__________________
____________________________\¦/
___________________________(ò ó)
______________________o0o___(_)___o0o__
___¦_____¦_____¦_____¦_____¦_____¦_____¦
¦_____¦_____¦_____¦_____¦_____¦_____¦__
___¦_____¦_____¦_____¦_____¦_____¦_____¦
¦_____¦_____¦_____¦_____¦_____¦_____¦__
Reply With Quote
  #5 (permalink)  
Old 09-01-2006, 03:12 PM
Freshman
 
Join Date: Sep 2006
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
drgoodvibe is on a distinguished road
Default

this is exactly what I have been looking for.. Thanks very much!
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Profitable experts. Ravique Trading Systems 21 05-16-2008 06:05 PM
Moving average and price crossover (a must for research!) Altern8 Indicators 6 11-20-2007 08:32 AM
Use mouse to create experts for MT3 (ZeroCode) scorpion Tools / Utilities 0 05-06-2006 03:19 AM
Try to analyse MA Cartoon General Trading Talk 12 02-08-2006 12:29 AM


All times are GMT. The time now is 07:33 AM.
Powered by vBulletin Version 3.6.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now