Trend Catcher.
This is an EA I developed for a friend of mine from Forex IRC network nicknamed Trend. He has some simplified rules for trading trends using a custom indicator which I'll include in this post.
First compile the indicator and then compile the expert. Without the indicator the expert won't run. Trend found this indicator while experimenting with his manual trade system and decided to ask me to write an expert utilizing it.
This is the first version of this EA and development will continue.
Feel free to change stop loss and take profit to your comfort level but don't change anything that is hard coded into the indicator calls in the expert, it requires specific settings.
Timeframe: 15 min.
Dependency: Hi-Lo custom indicator included in this post.
I added another version, TC wStoch v0.50, which trades using stochastics in the direction of the trend indicated by Hi-Lo. The timeframe, pair and dependency are the same as the original version.
It is funny that the screen pops up for a manual entry, even though it is an EA - Strange?? Even recompiling the EA has no effect on this happening. Looks like I need to analyze the coding. I am using an IBFX demo 15-min TF.
I don't know how you did that, a friend of mine from IRC just made $23 in the past half hour with it.
So far so good with this EA. I tried it live on the 1h with it. It has hit the tp so far and it seems to be really worth it. I narrowed the tp to 12 instead of the default.
It is funny that the screen pops up for a manual entry, even though it is an EA - Strange?? Even recompiling the EA has no effect on this happening. Looks like I need to analyze the coding. I am using an IBFX demo 15-min TF.
In Metatrader, go to the tools menu, go down to options, allow live trading should be checked. See if: Ask manual confirmation is checked. It shouldn't be if you want the EA to trade without you approving each trade.
It's running fine for me. I have attached a settings file that I am using for EU, GU, UJ, and EJ. Just make sure to change the magic number. If you aren't sure where to put it, it goes in your experts\presets folder.
When you say compile the indicator first do you mean put the indicator on the chart first before putting the ea on the chart?
This is an EA I developed for a friend of mine from Forex IRC network nicknamed Trend. He has some simplified rules for trading trends using a custom indicator which I'll include in this post.
First compile the indicator and then compile the expert. Without the indicator the expert won't run. Trend found this indicator while experimenting with his manual trade system and decided to ask me to write an expert utilizing it.
This is the first version of this EA and development will continue.
Feel free to change stop loss and take profit to your comfort level but don't change anything that is hard coded into the indicator calls in the expert, it requires specific settings.
Timeframe: 15 min.
Currency Pair: any.
Dependency: Hi-Lo custom indicator included in this post.
Here's some results for the last 15 minutes. +38 pips.
Well the indicator needs to be placed and compiled where indicators belong. It is not necessary to put it on the chart that you attach the EA to. It is only necessary that you have that indicator in your indicators folder.
Thank You. I have it where it needs to be.
Well the indicator needs to be placed and compiled where indicators belong. It is not necessary to put it on the chart that you attach the EA to. It is only necessary that you have that indicator in your indicators folder.
OK cool. Try Poopy's setting file, more than one person is using that setup and it's trading nicely. I'm also going to write an EA for Poopy this weekend using his scalping technique so keep an eye for that before Sunday's open.

Trend Catcher.
This indicator gives you high probability trend trading signals by using candlestick patterns, It's combination of candle patterns and technical indicators.
How to install cBots & Indicators.
Download the Indicator or cBot. Double-click on the downloaded file. This will install all necessary files in cAlgo. Find the indicator/cbot you want to use from the menu on the left. Add an instance of the indicator/cBot to run.
Download the Indicator Double-click on the downloaded file. This will install all necessary files in cTrader. Select the indicator from Custom in the functions (f) menu in the top center of the chart.
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Trend Catcher system.
Download the tpl file with a pdf e book to know how to use the system.
These are the steps that you need to follow closely to identify a BUY setup. If you stick to these rules, you will end up with green pips most of the times. The major problem occurs when you try to burn one of the rules.
The Takeprofit and Stoploss is at your own discretion. These values depends on the charts on which you are working on. For example on the H1 chart, you should aim at a lower TP( 60pips) and on the H4, you can aim at a higher TP( 100pips)
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This is some really good stuff! I was worried about getting into trading forex, but this way of doing it is a surefire way to go. I didn't want to trade myself straight away so I downloaded your app and copied your signals & BANG!! 210 pips on my 1st week. I don't want to get too excited but after trying a whole lot of black box "solutions", I'm pretty damn sure I can make a go of this. Thanks guys!
I just want to add that all these lessons have been fantastic! Michael, I want to thank you for a desire to lend your knowledge to others. I know I’ve benefited greatly!! Even though I could copy your trades, I chose to be the master of my own destiny so I installed the indicators you offered. So far, Trend Catcher is my favorite but I really love using the S&R levels on Macro Levels in combo with them.
I could never quite make trading work for me. But you have made it seem so easy. I tried it out on my demo account and I'm really happy with the results. Once I get some more confidence, I'm jumping in to a real-money account. Take it slowly but at least I can see the light now 🙂
Hey guys, Holy Moly!! Now I know what the heck I've been doing wrong! Those damn trends never worked for me. I'll get back to y'all once I have some more good news but man oh man, the 1st 2 months have been killin it & I'm pumped up to carry on with this now. You guys rock!
I've been strugling as a trader for the last 18 months. Win some, lose some. I know you said this is a long-term deal and unfortunately I think I came in on a month where the signals lost more than they won but I stuck in and thank God I did because the next 3 months were great putting my account up around 20%. Thank you very much guys - keep up the great work!
I like how you made catching trends look so easy and the support and resistance levels makes a lot of sense to me. The price reversal system seems pretty logical too. I guess I got lucky cause I had a good couple of weeks & now I look forward to finally kicking butt instead of getting my butt kicked. Thanks so much guys. really appreciate the positive input.
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