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  #691 (permalink)  
Old 06-19-2007, 05:08 PM
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Quote:
Originally Posted by newdigital
No.
As I understand Igorad used very different logic, added sound alert and re-enter option (because we have re-enter on every asctrend system).
He asked me about the name by PM but I said that PriceChannel signal may be fine. Anyway this indicator has nothing with any price channel.
It is some new modification of asctrend with different logic.

I did not test it with the price. Just attached to H4/D1 chart to see about re-enter.
Because dots appears when the bar close in the other side of middle channel line of donchian

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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  #692 (permalink)  
Old 06-19-2007, 06:16 PM
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Quote:
Originally Posted by Linuxser
Because dots appears when the bar close in the other side of middle channel line of donchian

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
I did not look inside the code. May be youare right. Anyway, it looks good.
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  #693 (permalink)  
Old 06-20-2007, 05:52 AM
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Its an ok indicator it lags and repaints less than most others, has anyone put this in ea use the alert to open positions in case you not here?
cheers
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  #694 (permalink)  
Old 06-20-2007, 12:06 PM
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Quote:
Originally Posted by kjhfdgjfhdghdf
Its an ok indicator it lags and repaints less than most others, has anyone put this in ea use the alert to open positions in case you not here?
cheers
Lag is a sense in traders mind because he/she feels the indicator its showing the things too late.
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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  #695 (permalink)  
Old 06-20-2007, 12:34 PM
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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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Last edited by kjhfdgjfhdghdf : 06-20-2007 at 12:37 PM.
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  #696 (permalink)  
Old 06-20-2007, 01:49 PM
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Quote:
Originally Posted by kjhfdgjfhdghdf
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?
Thanks for the correction and clarify of what you want to said in previous post. But for me what you mean now its the same you mean in previous post.

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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  #697 (permalink)  
Old 06-20-2007, 02:22 PM
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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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  #698 (permalink)  
Old 06-20-2007, 03:24 PM
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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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Old 06-20-2007, 03:49 PM
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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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Old 06-20-2007, 04:12 PM
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Quote:
Originally Posted by kjhfdgjfhdghdf
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?
Re-enter is enter once again. For example: you see big dot for sell on close bar. In previous bar. So, you may open sell order. If you set re-enter as true (or 1) in indicator's setting so you will see re-enter (x) on the chart. It means that you may open sell once again if main order was sell for example.

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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