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Originally Posted by Popov
Yes, that's right.
There is something in the formula of calculating the Zig-Zag - respectively Fibonacci, that prevents the indicator to give too meny signals. It is works like smoothing the indicator. If you notice, neither Zig Zag nor Fibonacci are in the list of MetaTrader's main indicators.
I'm not shure, here is place to discuss the source code.
See the next pictures:
We see here, the selected bar 7/11/06 07:00 is Fibo top (line 0% - see the green line form the nex bar)
but here:
The signal was moved to: 7/11/06 14:00 |
I have to agree with you under certain stage, that is a repaint stupid idiot. I'm a worshiper of Dealer Lot Management! In short, 10point3 and multilot scalper is my favorite lossing money EA...
All we need is a good indicator to open position correctly. If we can programmed the cost average method on this above mentioned repainting system, it stack a martingale double lot size order if new fibo retracement came out...muahahahahaha
that will be great! By the way, where is Yeoeleven?! I'm sure we have the same thinking about this. If somebody can program it, that will be crazy.