Thursday, December 22, 2011

ZUP indicator metatrader

This is a forex reversal indicator for mt4. I found it while browsing the internet and thought I would share it. It is based off of Gartley patterns that look like a butterfly. The last leg will repaint so use with caution.

Scott Carney published the book "The Harmonic Trader" published in 1999 was based on H.M. Gartley early works of circa 1935 and of course harmonic trading. Carney added Fibonacci ratios to the distances between points.

The pattern starts from x point and has waves a,b,c,d with d being the last leg.
Each wave has an angle / fibonacci ratio. These patterns are similar to M or W type Elliott wave patterns.

according to Carney:
1.27/1.618% is ideal ratio for A-B points.
ideal for C is .618/.786%
ideal for D is 76.8% (he considers this to be vital)

Key Features:
Must have an AB=CD pattern that converges in the same area as the .786 Fibonacci on the XA, and also the 1.27 or 1.618 BC. The B point retracement ideally at .618 of the XA leg.






download ZUP for MT4 (just click slow download - it should be free)


Here is a different version:
ZUP_v86.mq4

By Neal Vanderstelt
Forex Trader, Market Analyst, Trading System Designer

9 comments:

  1. its a great tool ,but unless you know how to use it and willing to scan and cycle through all the markets its annoying.

    ReplyDelete
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  8. Q: Which platform to use with this software?
    A: You can use any trading platform! Yes, you can use MetaTrader 4, MetaTrader 5,

    TradeStation, NinjaTrader... because the software runs on dedicated computers and

    you only need a web browser to get the instant result online.

    Q: How many currency pairs does Forex Trendy scan?
    A: It scans 34 Forex pairs on 9 time frames from 1-minute to monthly. Together 34

    pairs x 9 time frames = 306 charts.

    Q: What method is used to determine the trend?
    A: The trend reliability is determined by the "Trend Drawdown" - a method that uses

    no indicators, but pure price action. This method is explained in the ebook you

    will get in the subscription.

    Q: Which configuration do I need?
    A: Use the latest version of any major web browser (Internet Explorer, Firefox,

    Chrome, Safari, Opera...)

    Q: Does it work on mobile devices?
    A: Yes, it has been tested on several mobile devices and browsers.

    Try it now:

    ==> http://www.forextrendy.com?bjavsdgiua7538


    "I really like your idea of taking only the best trending pair and even time frame.

    I am very impressed with such a simple and effective approach. I am not a tech guy

    and I am amazed how it works online without anything to install... I just log in

    two times a day and check for any interesting pairs."

    Stephen Ross, NY

    "I use this software every day together with my own system and two EAs. I execute

    trades only when trend drawdown is below 15% so I decreased the trade frequency,

    but I got two times better results. I am also interested in pattern recognition, I

    haven't tried it yet, but it looks amazing!"

    Julien Labonne, Florida, USA

    "I would highly recommend this service to anyone serious about forex trading.

    Another one that gives back much more than he receives. The real value for such a

    low price is rare in the forex industry."

    Sebastian, Germany


    ==> http://www.forextrendy.com?bjavsdgiua7538

    ReplyDelete
  9. Q: Which platform to use with this software?
    A: You can use any trading platform! Yes, you can use MetaTrader 4, MetaTrader 5, TradeStation, NinjaTrader... because the software runs on dedicated computers and you only need a web browser to get the instant result online.
    Q: How many currency pairs does Forex Trendy scan?
    A: It scans 34 Forex pairs on 9 time frames from 1-minute to monthly. Together 34 pairs x 9 time frames = 306 charts.
    Q: What method is used to determine the trend?
    A: The trend reliability is determined by the "Trend Drawdown" - a method that uses no indicators, but pure price action. This method is explained in the ebook you will get in the subscription.
    Q: Which configuration do I need?
    A: Use the latest version of any major web browser (Internet Explorer, Firefox, Chrome, Safari, Opera...)
    Q: Does it work on mobile devices?
    A: Yes, it has been tested on several mobile devices and browsers.
    Try it now:
    ==> http://www.forextrendy.com?laush394758
    "I really like your idea of taking only the best trending pair and even time frame. I am very impressed with such a simple and effective approach. I am not a tech guy and I am amazed how it works online without anything to install... I just log in two times a day and check for any interesting pairs."
    Stephen Ross, NY
    "I use this software every day together with my own system and two EAs. I execute trades only when trend drawdown is below 15% so I decreased the trade frequency, but I got two times better results. I am also interested in pattern recognition, I haven't tried it yet, but it looks amazing!"
    Julien Labonne, Florida, USA
    "I would highly recommend this service to anyone serious about forex trading. Another one that gives back much more than he receives. The real value for such a low price is rare in the forex industry."
    Sebastian, Germany
    ==> http://www.forextrendy.com?laush394758

    ReplyDelete