Using custom SnD indicator

[OntradingX]

@slimmz Hello friend, I would like to help you but the indicator file is no longer available.
Can you make it available?

[slimmz]

@ontradingx sure,
Here it is: https://1drv.ms/f/s!AkiKVSiT_YUIhtYudmq7Wjwsi9GYgA

[OntradingX]

@slimmz you don't have the source code file of this indicator?

[slimmz]

@ontradingx unfortunately no, I only have the ex4

[OntradingX]

@slimmz Can you check if this one would be the indicator?

https://www.mql5.com/pt/code/11101

[slimmz]

@ontradingx that might be similar

[slimmz]

@ontradingx how can I implement this? This one has more instructions

[biztet]

Alright @slimmz . Now i have the answer. Whenever you wanna use a custom indicator, first thing you must do is backtest your indicator. Then you will know whether the indicator can be use to make an advisor or not.

[slimmz]

@biztet What aspect of the backtesting should I use to determine does it applicable to be used in EA?
Because i have been using the indicator for my daily trading, it works, so I decide to try to make an EA out of it

[OntradingX]

@slimmz @biztet
I'm in a similar project but for Metatrader 5, I need help to publish the buffers and constants of this indicator, I believe it's the same as our friend here who opened the topic needs but only in mt5 format.
0_1640346446481_Support_and_Resistance.mq5

[OntradingX]

@ontradingx
This indicator has 4 buffers, but when placing it on the chart it does not display the constants so we can choose and customize how many periods, or deviations, we want it to be configured.
Does anyone here have the knowledge to modify it to the point of letting it display the settings?

[OntradingX]

@slimmz Your strategy is easy to do, but to do it correctly you need to get a correct indicator and understand how it actually works.
This indicator that I posted just now I believe is the most correct to execute what you or I need, my strategy is very similar to yours, but I am prevented from doing it due to lack of knowledge of mql5 and adjust this indicator to work on Fxdreema perfectly, sorry.

[biztet]

@slimmz , this is what you get when do backtesting of the indicator.

maybe this is the reason why you only get buy or sell trades only.

yeah it's good for manual trading, but not for an advisor because the indicator needs to refresh to get the current value.

[slimmz]

@ontradingx Yeah, same as me too, lack of coding skill that's why im here on fxdreema ahahaha

[OntradingX]

@slimmz
This technique is very good, I'm working on it for a very fast market and short targets, the hard part is that everything has to be tested in a real market.
This backtest result doesn't mean anything yet.

[slimmz]

@biztet Hmmm i'd never seen that kinda long line on my backtest

Then what about this default customizable fractal? https://1drv.ms/u/s!AkiKVSiT_YUIhtYtBj6zSvK-vOU93w?e=j2kRt6

The difference is that this fractal does not draw lines, it only paint arrow
But how do i mark that previous arrow to be the one that needs to be broken out?

[slimmz]

@ontradingx Yeah i also believe in that
this is a good process though. If we can get our point here and make it run, i can sleep all daydreaming hahaha

But isn't that a backtest result? did you get that running?

[OntradingX]

@slimmz this is a backtest result with the indicator I sent you, but I have all the financial management that I put in my robots.
Order Quantity Limiter
earnings limiter
loss limiter
goals
I suggest you migrate to Metatrader 5, I think it's the easiest to work with backtests.

[biztet]

Yeah, maybe mt5 is the best solution for this type of indicator.

[slimmz]

Okay okay, i will try to follow along to MT 5 then
About your project, @OntradingX would you mind sharing it? so i have a stepping stone to start with