
02-22-2009, 04:42 PM
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Senior Member
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Join Date: Nov 2008
Posts: 203
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any new changes?
Has there been any modifications to this ea to make ir better?
Quote:
Originally Posted by davidke20
I must say you're not wrong at your point of view. Let me get this straight, you're looking for the stochastics CROSSING 80% and CROSSING 20% as a buy/sell signal, whereas my intention for stochastics here is only meant for passive signal filter. The main signal still came from MACD. Means when MACD having a DEATH CROSS, whilst Stochastics is less then 20%, we do not allow sell. The motive behind this is, when MACD giving DEATH CROSS, most probably market will head down, but at the same time Stochastics is lower then 20%(OverSold), which have very great chance market will bounce back up, in short MACD could be false signal. Vice versa for MACD's GOLDEN CROSS, only take buy when Stochastics below 80%(Not OverBought). This is my discretion on in V1.
You can simply make a change on your Stochastics discretion. You can try to make Stochastics as your main indicator instead of MACD by add and remove some codes. I have no problem with that.
Regards
David
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