Quote:
Originally Posted by SIMBA
Pupsik,
Very interesting indicators...let`s see if I have understood the concept behind the code 
1-You create several cycle composites..20/201,25/201...etc.
2-You create a composite of the composites and displace it forward in time(hren).
3-You create a different composite of the composites(hren1) ,no displacement,and when it diverges from the expected path,you get an entry signal.
Questions:
1-Is that so? Please elaborate...
2-By checking with the visual tester ,it doesn`t seems to repaint,please confirm.
3-Why only GBPUSD? I have tested it on GBPJPY H1,by deleting the minimum and maximum(-0.1;+0.1)settings,and looks fine to me.Not so when I tried it on h4 and d1 timeframes..what is the reason?
4-How do you exit the trades?
Regards
Simba |
Hello, everybody!
This indicator useful only for GBPUSD, because its made based upon digital filters. Digital filters generator use for each pair diffrent coefficients.
Yes, you get the idea behind indicator absolutly right.Just,I displaced it forward with a period, equal to Naickwist interval. 1/2 of period. Its repaint only solid line, but dotted line does not repaint.
I enter the trade now based upon neural nets EA, and for each trade its give diffrent stoploss and takeprofit. But, when I was trading manually, I was entering trade based upon MTF analysis.
Basically, I consider 3 time frame - 4h, daily,weekly. On the weekly indi I look - what kind of cycle I have? Going down or up? If solid line going up and its acceleration greater, then acceleration of dottet line - its true up cycle. In this case I am look at daily chart. If it is the case(true up cycle) for daily chart, I look at 4h chart. I enter trade , when 4h indi in the very beginning of his true up cycle, or, when he is on the extremum of the true down cycle.
I exit trade, when on 4h indi acceleration of solid line starting to erode in comparison with acceleration of dotted line.
When I was trading manually, it was difficult to decide, what is sl and tp profit is. But, allwase I was trusting to cycles, and they was good to me. I made a good profit, but went greedy and lost him. Then again, I was trusting my cycles, and I made more profit. Than again became greedy and lost it. So, for now, I am working not at the systems development, but at myself development do not became greedy.
I will put few charts to clarify indi