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Set dailies, choose Price/Donchian channel with 14 and this indicator to 14 too and youll see. Its an oldie counter trend strategy which tries to win some time before channel breakout
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Its a misconception of what is the purpose of indicators and the most common description of two types of them. Type one indicators are based on price only: The indicator is calculated using price, last price, because that are called leading indicators. IE. Stochastics. Off course, these indicators laggy too because have to wait for last price. Type two indicators are based on another indicator and because that are called lagging indicators. IE: MACD which is based on moving averages. In fact, all technical analysis is lagging, how much lag you have in you analysis depends on yours trading technique. Specially if your trading is based only on indicators. The idea behind TA is to understand the behavior of past data to "predict the future". If you need to predict the future without lag go with fundamentals. Most fundamentals can tell you whats going on next year, next decade. And last one(or must be the first ): youre lagging the future because youre behind.About repainting: I dont know what indicators you use and yes, this indicator does. But classifying "most" of the indicators like repainting ones? Maybe you have bad luck and the indicators you choose to trade repaints, but believe to 99% of traders, therere few. And these few have mistakes in the code that could be corrected. Make a list of indicators you have with this problem and I tell you why and how to fix. Bi
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What I mean by lag is in general strategy's indicators that lag to much and give the signal to late.Not lagging indicators I mean actual strategies that lag to much.
When I said most I mean it lags less than the strategy's indicators that lag to much.Not that "most" lag. What I mean by repaint is when the signal comes then disappears or, it turns red then blue etc.You need a point that comes and stays and make your decision that this is where is entry etc.Win or lose so be it need to make decision and stick with it. This one repaints a bit less than most but it still does the dot comes then goes then comes then goes.But not as much. This one price channel works ok on H4 in conjunction with other things but id like to see it in an EA and take the trades off the alerts maybe?
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Dont worry, bout a thing, cos every little thing, gonna be alright. ![]() The future has not been written. There is not fate, but what we make for ourselves. Last edited by kjhfdgjfhdghdf : 06-20-2007 at 12:37 PM. |
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To "clarify" and "simplify" my answer: Indicators lag is multiplied by 10 in traders mind. Thats why traders think indicators lag too much. But when some indicator shows what the trader wants to see, lags stop. This simple trading/traders psychology, present on every decent book about trading. IE: Some people think MACD is super lagging indicator, but when you read about successful (and famous) traders, many of them says; well, my macd is my best... (or) set your MACD to ... Thats make me think why a successful trader have a lagging indicator in the arsenal . And if the problem is the indicator or me.
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Indicators lag is multiplied by 10 in traders mind.
Your not getting what im saying. An MACD etc yeh sure it lags but a system made up of several indicators and philosiphy etc that they will do a certain thing, that is supposed to give a visual signal to buy or sell at a certain point, if it lags to much it is WORSE than just a standard MACD or a Stochastic. This is what im talking about a SYSTEM a STRATEGY the lag and repainting from visual indication im not talking about lagging indicators in general im talking about modified custom visual signal indicators. They try to make it too perfect, they dont just give the signal at the best point that you can get and stick with it and ride it out.They tweak it too much to minimize draw down and try and make it too perfect and it ends up repainting and "LAGGING" too much to use it profitably. So back to the question putting this in an ea to do what you'd do with it manually?Can this be done?Has this been done?Where is the post?
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Dont worry, bout a thing, cos every little thing, gonna be alright. ![]() The future has not been written. There is not fate, but what we make for ourselves. |
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As I understand the main idea for this indicator was the following:
- buy/sell at the dot of the indicator; - re-enter (buy/sell once again) at re-ener (x); - close orders at stop loss/trailing stop/take profit; - or close the orders at opposite buy/sell signal and open this opposite order on the same close bar. Difficult is the following: to close the order and open new one on the other signal. Difficult for me I mean. because i am not a coder. If we ask Igorad to make EA from this so think he will have to fix the indicator as well to use it inside the EA. |
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Yeh thats what im saying if it had an EA it maybe could get in out quicker perhaps than the human side of it can.So the re enter is for when it hits stop loss or trailing stop you re enter again?
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Dont worry, bout a thing, cos every little thing, gonna be alright. ![]() The future has not been written. There is not fate, but what we make for ourselves. |
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In asctrend system we are using this re-enter. You may look at my statements on this thread and I always used re-enter. Did you had sell? So, you will have the other sell. Two orders. One was opened according to the dot (main signal) and the other one may be opened on re-enter. Re-enter. Means: enter once again by new order without closing the old one. But, to say a true, i don't think that this system will be profitable without filtering the signals. may be, on D1 or W1 timeframe and with re-enter only as classical asctrend. But we will need the other indicators as well in this case (NRTR and so on). |
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