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I do appreciate the fact that people are reading this post and providing information. I do think that Ehlers' work has some merit, granted, the work is a bit complex, as has been mentioned before.
I am new is this field of electronic trading, and I am trying to learn from all the kind people that post in this forum. I have been monitoring this site for about 11 months now, and this is only my second or third post.
I started with live accounts about 1 year ago, with three different brokers, and I am learning so much about trading, the markets, about MQL4 programming, about people, etc, etc...
One of the things I know is that if I come up with an idea, most likely someone else has thought about it too (or already).
In the future, as I learn more about this remarkable field, I will try to teach what I learn and think worth passing on. I was a teacher for about 20 years, so I think I can do a good work at that.
The amount of sharing and good teachings here in this forum is to be commended.
And so, I would like to please ask everyone interested, to continue this exchange of ideas, with a cool head.
Complexity= The quality or condition of being complex...Complexity=state that arises in a feedback system,as the financial markets,when new decisions feed back on previous ones
Complex= Involved or intricate- complicated...For whom?..a child sees 3 letters ...a student sees a word..
2.
This means that Ehler's mesa system is monitored and reported on at a web site called Futures Truth.
I meant you can go there and see its results..And what was your intention?..had you done so?if yes,why not just post the results?If not..self explanatory..
It appears you did that. What did you not understand about this post? Your rudeness,sourness and lack of checking behind your assumptions..for starters
My other post:
You replied that you had already done this. What did you not understand about it? See above..
Its likely that I noticed since my post was about Ehler. Don't you think? ..] See below..[/QUOTE
I think that you are a sour individual(unless you have multiple personality disorder,in which case we have been unfortunate enough to meet the wrong one)....don`t you agree ? Smiling will probably improve your mood..but who cares anyway..
I think that you are a sour individual(unless you have multiple personality disorder,in which case we have been unfortunate enough to meet the wrong one)....don`t you agree ? Smiling will probably improve your mood..but who cares anyway..
What have I written that would cause you to attack me personally?
I haven't done that to you.
I said that Ehler's stuff was complicated. It is.
I said his systems were monitored at Future Truth and you can go there and check the results.
As I have been trading using some of the Ehlers ideas for years, perhaps I can add something to this discussion.
Firstly, I think that, at the base of most of Ehlers indicators, we find the "dominant cycle" - this suggests (according to Ehlers) that the market move in a certain cycle (period) - something which most traders will agree with because we can see some cycle when looking at the chart.
However, this Ehlers dominant cycle is one of only a few ways I know of to measure the market cycle frequency in real time - it's easy to calculate once it has happenend but in real time...?
This dominant cycle can be used in any variety of ways - does not really matter which indicators you use (I think)
For instance, using a simple MACD (as an example only) would it not be much more beneficial if we could change the slow/fast periods in real time - and according to the dominant market cycle (in real time?)
Next, I draw the Ehlers trendline (on the price graph) - then, calculate the dominant cycle on this trendline (personally, I calculate 4 such cycles, typically trading the 2nd or 3rd cycle.)
As a base for this - it is a well known "fact" that in the market the factor 5 becomes important (why, I do not know.) For instance, we look at the 5/30 minute chart (a factor of 6) Then, perhaps the 3 or 4 hour chart (a factor of 6 or 8)
What if we could measure this factor - according to prevailing market conditions? At the least, we'd know which chart to look at - I think.
All this (and much more) I measure - in fact, my neural network is only an attempt to predict the upcoming (ever changing) dominant cycle - this is my main input to all my indicators.
In this way, I have an ever changing, ever adapting system that will try follow the market - in real time (thanks to those Ehlers principals.)
Using Ehlers as a base for your trading system can lead to a robust trading system that will attempt to follow prevailing market conditions - is this not what we all are trying to achieve?
Again - I can only talk about personal experience (but this, I will share gladly.)
I think that this indicator is truly a work of art - we should remember that there is a well known principle (the Heisenburgh principle) which states that is is impossible to measure both wave frequency and phase at the same time.
Furthermore - in realtime trading we have only historical data (the future is unknown) and as such even frequency measurements becomes (at best) unreliable.
The Ehlers sinewave is an attempt to overcome both the above - however, keep in mind that the above are firm limitations and as such, the sinewave will has it's own limitations.
However - in my own trading system - I map the sinewave back to the price domain and this provides some interesting information.
For instance, the mapped sinewave will follow the market correctly (almost perfectly - missing turns with 2-3 periods only) during range conditions.
At breakout, the mapped sinewave will also turn in the direction of the (upcoming) trend, giving a clear indication that a potential breakout is under way. (This information cannot be seen as easily looking at the sinewave indicator only - yet, according to Ehlers, this should be the point from where to trade the Ehers trendline instead of the sinewave.)
However - the mapped sinewave tends to follow trend direction in any case (more accurately) and, using the mapped sinewave, trendline and cycle period my system will try make a decision when any such trend is over and the market is ranging again.
I have to admit that the system does not rely only on the above to make the decision (ranging or trending) but, it certainly does take the above into account.
Hope this may help someone out there...
Thanks to all that have taken the time to read AND reply to this topic, I sincerely appreciate it.
Nonetheless, I must go back to my original ask to this very giving forum.
Are there any programmers who have coded (in MQL4) the sine trend EA I have placed in the first post of this thread?
There is so much brain power here and, I find it incredible to see such interest in this topic.
Please let me know. As I said, I too hope to be able, at some point in my trading "career", to be able to give something back to this and other forums.
Ehlers indicators
Linear Mode
