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Hi,
Thank you for your opinions and I'm waiting for your suggestions! ![]() It is better to add the Heikin Ashi first, and then add the EMA. Otherwise, the EMA will be less visible. Please add all these 3 indicators(these 2 attached + EMA3) to your chart an tell me what do you think. Bye. |
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Quote:
It looks good, but I can not imagine I will be sitting on it whole 24 day, becouse of timeframe 4H. Can someone please check, if EA can be programmed? |
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Yes glader, you are right. That is the downside. An EA will be great but we must think of some filtering. There are days (please check the 3rd of January 2006) when the price movement is "ugly", with no direction. In those days, the EMA3 crosses the Pivot line many times, so the EA will lose a lot in those days.
As a person, I can see how "strong" is the breakout. The EA can't. That's why we need to find some filters. Right now I'm looking at the ATR and TR, may be they will help in filtering the signals. Please come with some suggestions. Bye. |
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Hi image3022
I don't see any difference. Every time the EMA crosses the Pivot, the StochRSI is in the right position. Please point on this chart (or other chart)any crossing when the StochRSI is not in the right positon.
Which EMA3 do you use? (Open,Close,Median,...) I have been testing with EMA3 Open and i think it's better than the EMA3 Close (suggested i the first post). I "lose" the first bar, but I reduce the whipsaws. Bye |
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Your quite right there is virtually no difference, I didn't relize you using the StochRSI, I have been using EMA 3 close on the H1 chart and will also try the open instead, how have you found the results of the H4 compared to the H1?
I have also been trialing the Shi Channel as a possible exit strategy. |
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