Quote:
Originally Posted by autumnleaves
Point well taken, although please bear in mind that Synergy is based on identification of 4 market forces:
Price Action
Trend
Momentum
Market Strength.
It seems to me that it is not terribly important how one implements a system based on these forces, once the basic proposition is accepted. Malone chose to do it one way, and there could well be other ways. It may prove that the Malone manual system poses too many problems for implementation as an EA, since there are ambiguities in what constitutes an exit, and since signals for both exits and entries may be difficult to program efficiently with the indicators Malone has chosen. Perhaps the four forces can be better translated into an EA through other indicators, such as (for example):
Alligator
PSAR
Momentum (the indicator)
Stochastic Oscillator (plus Standard Deviation??)
It may also be desirable to substitute 2 moving averages on another oscillator (such as Force or RSI, or DeMarker) for the Alligator, as the latter may produce ambiguous signals due to wiggle on price bars.
Perhaps I shall try to mock something up in the old Phoenix template and then see where that goes.
autumn
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Yes, another good point. When I said not Synergy, I meant it in only two ways:
1) Not the system
called Synergy, created by Dean & CompassFx, since it uses specific inds, and this system diverges from all of them.
2) For automation, so dissimilar that I feel it would be best to start from scratch.
But especially if you end up testing it and find you feel it is highly promising, it would be worth automating in its own right.
Also, I have felt that Synergy is better at picking entries than exits, so if yours is better a getting out with a higher percentage of the maximum, that is a plus too.
-Derk