Patiently loading it.... & I will ride up and down to the targets.
...don’t try this except you know what you are doing.
...don’t try this except you know what you are doing.
1
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Disliked{quote} No Additional Time has passed. Let me explain it better. {image} After the switching of Time Frames back and forth- It was like the below snapshot {image} Want to check, is this expected behavior or anything out of the norm? Thanks EDIT-The passing of time- I switched back and forth-Went about doing something else-Then took the snapshot and posted-That's why it looks like extra time has passed.Ignored
Disliked{quote} @aaven -- it doesn't matter what you think it should do. MT4 thinks that 30 minutes has past and displays 6 more bars. 17 Jul at 12:25 {image} 17 Jul at 12:55 {image}Ignored
Disliked{quote} Steve, You are missing the point that i am trying to make. Forget about the passage of time-of course if 30 minutes happens-MT4 will publish 6 M5 candles. From coding point of view: Once the indicator published a fractal[ Purple Box Icon], Example: We are looking at 5 Minute Charts Current Time is say 14:01 A Fractal "X1" appears on the just concluded bar [13:55-14:00] Bar. On subsequent formation of new 5 Minutes candles-[14:00-14:05] -[14:05-14:10]........[14:45-14:50] etc... At any point within [14:01-14:50] if we quickly switch the time...Ignored
Disliked{quote} @aaven -- I still don't understand. You posted two M5 charts. One has 6 more bars than the other. Their data is different. Over the course of 30 minutes bands may shift (as has been discussed previously) or bands may repaint. This could cause markings to come and go. These changes result in anomalies in how charts are drawn. We don't trade based on historical pictures -- we trade in real-time. And we've been accumulating a lot of evidence that real-time trading works well. Yes -- it would be nice if all the markings held their position....Ignored
Disliked{quote} Following-up from my previous post... I think what may seem obvious to me may not be obvious to others, so I'll attempt to describe it from another point of view... Indicators use simple algebraic equations. There is no intelligence. There is no database. There is no artificial intelligence. In algebra you make simple comparisons, like: if (band >= 1.200) then draw blue dot But what if band is 1.199? Well, then it doesn't draw a blue dot. But we all know that 1.199 is really close enough to 1.200 that we should treat them the same, right?...Ignored
Disliked{quote} It could be given a range e.g. Min 1.195 Max 1.205, the number does not need to be exactly 1.200 Then if all other trigger conditions are met a trade is opened. At the moment opening a trade at the start of a new Bar if conditions are met is building up too much risk in one spot and also if PA as moved closer to the Target since the first (or any subsequent trades) then no new trade(s) should be opened. We only want to add more trades at a more extreme level (providing conditions are met) than any previous trade(s), also the very last trade...Ignored
Disliked{quote} @Robot Trader -- thank you!! I was hoping someone would play into my hand... Okay -- let's say we have a range [1.195,1.205]. Or, let's say +/- 5%. That doesn't change anything. It's the same issue. So, now 1.195 produces a blue dot and 1.194 doesn't? Why +/- 5%? Why not +/- 5.1%? Once you start down the path of applying numeric thresholds there is no end. If you suggest [1.195,1.205] then @skyway will suggest [1.190,1.210], and it goes on and on. Plus, the optimal range may differ from pair-to-pair and TF-to-TF. Plus it may change under...Ignored
Disliked{quote} The +/- 5% can also be dynamic, it does not need to be cast in stone. The Min/Max tolerance, (in my example = 5%) it would have been worked out from the ever changing most recent PA movement calculated from the ATR of the TF that we are trading, so the tolerance itself can be dynamic and therefore could this be the start of AI We know PA is made up of small and large bars and the ATR does a good job of monitoring them in the form of an average, so we only need a small sample of say 5 past bars (which will forever be dynamic even...Ignored
QuoteDislikedcould this be the start of AI
Dislikedthen @skyway will suggest [1.190,1.210], and it goes on and on. Plus, the optimal range may differ from pair-to-pair and TF-to-TF. Plus it may change under different market conditions. Who's prepared to continually update all those settings?Ignored
Disliked{quote} Nope, skyway will not suggest anymore new calibration other than those he posted earlier. Skyway do not believe in the recalibration exercise of any sort with the intent to "optimise" performance. Learnt that years ago - that's simply curve-fitting. Fixed universal calibration on all pairs/instruments/assets and on all timeframe is what skyway use today without any recalibration at all. On the phone mt4 android.Ignored
Disliked{quote} @Robot Trader -- okay, dynamic is better. But why go to that trouble? Why add complexity? To address a shift / repainting issue that has little to no effect on real-time trading? All that just so historical markings don't change? Look it -- I get exactly where you are coming from. The way you think about it is similar to the way I look at solving problems. So, resisting your suggestion does not come naturally for me. @bishopdotun has emphasized to me that he really, really, really favors the KISS approach. And I like that a lot. So, unless...Ignored
Disliked{quote} "@Robot Trader -- okay, dynamic is better." "Also, you would need to quantify what "better" would be -- i.e. 5% higher win rate? 20% higher? 1.3% higher?" Dynamic is the total opposite of static, so it is always changing and thus can never be curve fitted because every new bar that opens to form the average calculation of the ATR will never be exactly the same, so it is looking to be a kin to the here and now. What makes this "better" than static is we are looking to base trading decisions on the present structure of Price, not just a 20...Ignored
DislikedADR is calculated based on the ATR of daily bars. Is it possible to develop an indicator for H4-ADR equivalent ? Or H1-ADR equivalent ? And so on.... If anybody has to time to develop it then I show how to use it.Ignored
Disliked{quote} "@Robot Trader -- okay, dynamic is better." "Also, you would need to quantify what "better" would be -- i.e. 5% higher win rate? 20% higher? 1.3% higher?" Dynamic is the total opposite of static, so it is always changing and thus can never be curve fitted because every new bar that opens to form the average calculation of the ATR will never be exactly the same, so it is looking to be a kin to the here and now. What makes this "better" than static is we are looking to base trading decisions on the present structure of Price, not just a 20...Ignored
QuoteDislikedbut we are now looking to apply it to the LTF's, so for me KISS would be to use the Bars that are from those TF's and not try and complicate it by applying ADR percentages to much smaller forming Bars, which like I have already said are meaningless to the current structure of price on these smaller TF's
Disliked{quote} @Robot Trader -- okay, suppose it gets implemented. And let's suppose my profit is currently $1000 / week. What will my profit be with the dynamic adjustment that takes into account minor shifts and repainting? Will it be $5000 or $10000 / week. Will it be $1005 / week? Sure -- there are lots of good ideas. We have something now that works well and, so, I don't understand the search for more. Well, actually I do. I think we've been searching for something better for so long that it has become so ingrained we can't stop. I'm okay with making...Ignored
DislikedADR is calculated based on the ATR of daily bars. The key characteristic is it's a set of fixed high low numbers for the next future day. Is it possible to develop an indicator for H4-ADR equivalent ? Or H1-ADR equivalent ? And so on.... If anybody has time to develop it then I show the simple way how to use this fixed high low numbers. The key benefit of this indicator is it does not repaint and is used for the next future bar.Ignored