I find myself continually returning to indicators like the T3 and Hull MA to give me entry and exit signals, typically on a 4 hour chart.
While I think the Hull MA is absolutely amazing at this, I find the entry can be somewhat problematic as it will often times whipsaw back and forth between long and short when it is about to change directions.
My question is, what would be the best way to confirm the new entry signal that this indicator provides?
1) After the signal changes, wait X amount of time before acting
2) After the signal changes, wait for the MA to be at least X pips apart before acting
3) combination of the above (must be 3 pips apart for at least 1 minute etc.)
4) Use another indicator to confirm entry signal timing
From looking at the MAs it would appear that more often than not an attempted signal change will be valid.
I'm looking at the attached indicators with the following settings:
Hull_Trend: 10,0,0
FX Sniper's Ergodic CCI Trigger: 2,7,5,3
While I haven't been watching the later indicator as long as I have the Hull Trend, it doesn't appear to fluctuate as much during a signal transition. I have been just recently been using the FX Sniper to kind of confirm what I'm seeing on the Hull.
My ultimate goal is a modified indicator or EA which could follow the entry rules more precisely - I understand trying to wait for most of the above options would be pointless without it.
One other thought that I had was if I'm using a secondary indicator as confirmation, am I not saying that it is in fact better than the first one to begin with?
Has anyone come up with a method to deal with this issue? What are your thoughts on this.
Thanks.
Jason
While I think the Hull MA is absolutely amazing at this, I find the entry can be somewhat problematic as it will often times whipsaw back and forth between long and short when it is about to change directions.
My question is, what would be the best way to confirm the new entry signal that this indicator provides?
1) After the signal changes, wait X amount of time before acting
2) After the signal changes, wait for the MA to be at least X pips apart before acting
3) combination of the above (must be 3 pips apart for at least 1 minute etc.)
4) Use another indicator to confirm entry signal timing
From looking at the MAs it would appear that more often than not an attempted signal change will be valid.
I'm looking at the attached indicators with the following settings:
Hull_Trend: 10,0,0
FX Sniper's Ergodic CCI Trigger: 2,7,5,3
While I haven't been watching the later indicator as long as I have the Hull Trend, it doesn't appear to fluctuate as much during a signal transition. I have been just recently been using the FX Sniper to kind of confirm what I'm seeing on the Hull.
My ultimate goal is a modified indicator or EA which could follow the entry rules more precisely - I understand trying to wait for most of the above options would be pointless without it.
One other thought that I had was if I'm using a secondary indicator as confirmation, am I not saying that it is in fact better than the first one to begin with?
Has anyone come up with a method to deal with this issue? What are your thoughts on this.
Thanks.
Jason
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