Sorry password, but i count 116 bars in your chart! I thought it should be 96?
Cheers and sorry if i`m wrong
Edit:
Sorry at the time you where right!
Cheers and sorry if i`m wrong
Edit:
Sorry at the time you where right!
MT4 candle-by-candle manual backtesting 9 replies
How to make EA that send Open Price of Candle for every new candle 5 replies
Day's first H4 candle correlation to daily candle 14 replies
Correlation between first 4 hour candle and daily candle 1 reply
DSP and nonlinear math 0 replies
DislikedPassword kudos for posting this thread. Anyone else seen this strange broker data where the dsp candle doesn't look correct? First one is EU M15 and the second is GU M15. I'm testing on FXCM Spreadbetting account. Regards Mike {image} {image}Ignored
DislikedDigamber, I used your Candle indicator to determine the max and the min of the past 96 bars as shown by the indicator in the subwindow. The main window has two lines , Orange and Green and are based on your concept that the Open of the Max Candle is a sell (Orange)and the open of the min candle is a buy(green). Drawing these two lines, as they become effective yields a very interesting trading concept. Buy above the two lines, Sell below the two lines and if the pa crosses any line , use as a stop loss or take profit. Problem is that your indicator...Ignored
Disliked{quote} Pat Why do you need to use the other indicator? Why not just scan the last 96bars for candle body size and look for the largest buy and sell candles and use them to draw the lines. I've already written an EA for the system but it is not profitable so i'm still tinkering with ideas, currently testing in Zorro for multiple pairs. I do like your concept for a trading strategy though. Regards MikeIgnored
Disliked{quote} The other indicator ( Candle Length indicator) helps to find on what side we have to look for the BIG DSP candle: Bullish side or bearish side.Ignored
DislikedDigamber, I used your Candle indicator to determine the max and the min of the past 96 bars as shown by the indicator in the subwindow. The main window has two lines , Orange and Green and are based on your concept that the Open of the Max Candle is a sell (Orange)and the open of the min candle is a buy(green). Drawing these two lines, as they become effective yields a very interesting trading concept. Buy above the two lines, Sell below the two lines and if the pa crosses any line , use as a stop loss or take profit. Problem is that your indicator...Ignored
Disliked{quote} Thanks for observations... Lots of questions. Try to find answers to all your questions frm following chart.. it made $100+ on demo account. {image} All in all it worked for me.. and may work with others. What i did is just followed what mentioned in first post of this thread. Frankly.. I don't have answers to your smart questions. Excuse me.Ignored
Disliked{quote} Have you checked the source code if it calculates on every tick? It does't have to. It also needs to calculate on every new bar and then only for the last bar. All others can be written into a buffer when initiating. Normally it shouldn't need much cpu power then. I am just writing on my own indicator to do this. Actually it draws the lines for the current bar and not for the past ones. This has to be implemented in future steps.Ignored
Disliked{quote} Dear Pat.. I would like to request you (and everyone) to follow trading rules mentioned in the first post of this thread. I am following those rules only and can comment on those only. Apart from that I have no experience with other indicators u are trading with. As far as candle length indicator is concern I haven't found any issue with it. RegardsIgnored
Disliked{quote} hi password.. i don't really understand how your trade setup.. i find it interesting but dunno how to choose the bear/bull candle base on DSP.. could you tell us show us why and what are the reason you choose the bull or bear candle??? thanks friend..Ignored
Disliked{quote} conglom, Password provided an ex file and not the source code hence the question. Cheers PatIgnored
Disliked{quote} This candle is different then mine, your is bullish and the gap from somewhere, mine is bearish. Maybe missing some data. {image}Ignored
Disliked{quote} Password, Just read your post. Just to clarify, the indicators on the chart is exactly your strategy. The difference is that you manually draw a horizontal line either a buy or sell depending on the max and min within the look back number of bars and their relative magnitude with respect to each other. The indi you see on the chart shows both, the buy and sell without considering the "magnitude" but does adhere to the look back your strategy calls for. This change allows trading with the trend unlike your concept which is counter trend....Ignored