Discussion of article "Wolfe Waves"
Very interesting, but i tried to use the recommended indicators and the EA and some indi doesnt work (cannot load custom indicator)
very good job
but who can I used in MT4 ?
My owner wolfe waves 2017
Indicators and EA not loading and not appearing in the navigator menu
The files of indicators and the Expert Advisor created in the article are attached below the article.
The files are placed in right folders.
They should be saved to the same folders of the terminal.
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
New article Wolfe Waves has been published:
The graphical method proposed by Bill Wolfe allows to detect a pattern, based on which a moment and direction for entry can be found, and also it helps forecast the target which the price should reach, as well as the expected time, when the price will reach the target. The article describes how to create an indicator based on a ZigZag, that would search for Wolfe Waves, and provides a simple Expert Advisor that trades based on this indicator.
Let us consider Wolfe Waves on the example of buying (Fig. 1). The price forms two consecutively declining lower peaks (blue line, points 1 and 3) and two successively declining higher peaks (points 2 and 4). After the reversal and formation of a peak in point 4, the price continues to fall. Once the price forms the line 1—3, a buy operation is performed (point 5).
Fig. 1. Wolfe Waves for buying. The blue line is the price, the red line is a formation for determining the target. Entry is performed in point 5, the target is point 7
Author: Dmitry Fedoseev