Quote:
Originally Posted by clahn04
Forex For Life,
That's funny. :-) I promise i didn't steal it! lol
Simba,
Thanks for the response. Last night i did something similar in excel, to test the SATL slope. I found that filtering out the slope when it's close to level and not moving much kept you out of a lot of choppy trades. I think for my purposes i found the 2 period slope at each point in time. I then averaged the past 2 periods of that. If it was >.025, we have a Long trade. If it's < -.025,we have a short. Anything in between represented "No trade". Attached is the word file ( i can't post excel files, so i pasted it into word). The only thing i'm wondering is when the entry should be. Should it be at the beginning of the bar, so the slope is referencing the previous SATL for slope or not......not too sure. The SATL will always recalculate with new data....
I think there is some great power to be found in these slope strategies.
Comments always welcomed. I'll be back around later.
Safe trades,
cl
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clahn,entry should be at open of next bar..same for exit or exit and reverse,the way it is coded in the EA for example,once rstl is higher than previous rstl(both calculated at close)it opens a buy order at the open of the next bar..you can check visually with the strategy tester..anything else would be lying to ourselves.
I believe it is possible to code the minimum required slope into the EA,just by adding a new ext internal "slopefactor=x" and changing the code of buy and sell triggers BUY 1_1>(BUY 1_2+SLOPEFACTOR)..FOR BUY 1_1 being actual SATL and BUY 1_2 previous one,this is much better for testing since we can check for several alternatives,currency pairs,etc...will try to modify the posted EA to be able to do so.