chandra these is what i am see ing right now ..... any idea ?
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QuoteDislikedSo its just two indicators, use one or the other, not both.
DislikedHi Woopypooky, our current version of Fish indicator (may be the oldest) is the best and please don't use it for backtesting, for reasons I mentioned in my earlier post. You can find what we are using in post 469 or 461. We don't have any test record, because we incorporated it in the TSS signal system only about a week back. For us the advantage seems to be that we are able to reduce false signals. For example in EURJPY-15M, from yesterday 0 GMT to today 17 GMT there were 22 signals in our old TSS and using FISHTSS it would have been only 16 (saving from 6 choppy moves). Thats all we are after (getting good signals and less noise).
This system can send emails and MT4 can send emails only. if you want sms, you may have to setup some service that will convert emails to sms (since I was interested in this, I have checked before and none seems to be free, though sms to email can be free).
-chandraIgnored
Disliked1. Chandra, do you mean the latest indicator we should use is the one which Snobol has named it : Fish_TSSv1_2?
2. May I know how the best way to use this indicator? enter after the next opening candle after the candle with the arrow? I am a little bit sketch as after I change the TF and switch back, there are some arrows that move their positions before I switch the TF?
3. Do we still use this indicator on TF 1 Hour and above? if so, then why on the above post you use it with 15 minutes TF?
4. If may, do you mind if I want to know from your experience, what is the best time frame for each currency? (for example, what is the best time frame to using it on GBP/USD, or what is the best Time Frame for EUR/JPY and etc).
Thank you for your attention.
Regards.
SangkilIgnored
DislikedHi Cast,
Here is the Fisher-m11.mq4 file. It does the calculation from left to right and never changes the values. what you see in the past histogram is as good as realtime. But there is a lag of about 3-4 bars. I found that this program can also do the calculations without the smoothing (just by changing the Parameters option for the two smoothing values to zero; if I knew it, I could have saved some time trying to make that separately). As mentioned, when used without smoothing, the lag is reduced, but more noise will appear.
It looks to me that the Fisher Indicator needs a balance between three things. Smoothing (to reduce Noise or False signals) and Lag (third being ability to use on past data). So, the best balance is what we are currently using. Because: if we use past data for smoothing, we are late to the party. If we don't use smoothing, we will see whipsaws too often.
By using this form we are losing the ability to use on past data. But we want what is best for the future/present not best for the past (unless we are planning to go there!).
Cast, I have added only the following to my chart (which was attached in my earlier post). You can easily add them.
1. 10-EMA (Close)
2. NonLagMA (defaults) (File attached) (it's color shows the trend)
3. 50-LWMA (Close)
4. SAR (Default)
-chandraIgnored
Dislikedi can see that the fish_m11 lagged a few bars behind the original fx-fish.
even if backtest is reliable, there is just to many losses. fish_m11 cant catch the trend here, if we buy at second green bar, it is already to late for most cases.Ignored
DislikedHi All
I enjoy this thread very much and is more or less refreshing this page all day to not miss a new post. I would like to trade a system like this, so hopefully one of you will get this indicator working. I wish I could contribute more, but I can't program etc. I just want to add an indicator that I'm 100% sure doesn't repaint and gives fairly good buy and sell signals. I do noy know on what the buy and sell signals are based, but a programmer might figure that out. If i'm going off the topic then please ignore my post, but I'm posting this as it seems that we are still investigating indicators to base the buy and sell signals on.
Hope I make sense.Ignored
DislikedHi All
I enjoy this thread very much and is more or less refreshing this page all day to not miss a new post. I would like to trade a system like this, so hopefully one of you will get this indicator working. I wish I could contribute more, but I can't program etc. I just want to add an indicator that I'm 100% sure doesn't repaint and gives fairly good buy and sell signals. I do noy know on what the buy and sell signals are based, but a programmer might figure that out. If i'm going off the topic then please ignore my post, but I'm posting this as it seems that we are still investigating indicators to base the buy and sell signals on.
Hope I make sense.Ignored