Success is a Journey Not a Destination....... kind regards ramzam
Experiments - while waiting for an order to get closed
- #243
- Oct 26, 2017 3:58am Oct 26, 2017 3:58am
- Joined Nov 2015 | Status: Trader | 2,976 Posts
Success is a Journey Not a Destination....... kind regards ramzam
- #245
- Edited 8:37am Oct 26, 2017 7:18am | Edited 8:37am
- Joined Nov 2015 | Status: Trader | 2,976 Posts
Success is a Journey Not a Destination....... kind regards ramzam
- #246
- Edited 7:03pm Oct 26, 2017 12:29pm | Edited 7:03pm
- Joined Nov 2015 | Status: Trader | 2,976 Posts
Success is a Journey Not a Destination....... kind regards ramzam
Hi mladen would please take a look to this post 
https://www.forexfactory.com/showthr...0#post10425990
https://www.forexfactory.com/showthr...0#post10425990
- #250
- Oct 27, 2017 3:15am Oct 27, 2017 3:15am
- Joined Nov 2015 | Status: Trader | 2,976 Posts
Success is a Journey Not a Destination....... kind regards ramzam
{quote} "Super smoothing" is specific - it can not be applied to all of the averages types that I usually use hence I decided not to expand it to other averages (since then there will always remain a question that will be asked : "Why this or that average is not super smoothed?")
But indeed why some of them not applicable to be smoothed!!?
Hey Mladen, I see you are very experienced mql programmer and creating indicators is piece of cake for you. I have few questions for you. Have you ever tried to program expert advisors ? And what was the performance like? What are your thoughts on automated trading ? Do you think its possible to program long-term winning EA ? What indicators would you suggest suitable for auto-trading ?
For the rest : for start I would recommend that you find STAD books ("System Trading and Development" Club by Omega Research - they still can be found on the net even though the club, as it existed long time, ago does not exist any more) - there are 13 books and I think that it will help anybody that is interested in trading. Even though the examples are using easy language, the explanations and the analysis is well worth an effort and can be understood by anybody (no coding experience required to understand what are they explaining in those books). Once when you go through those books then all should be easier. I have posted on multiple forums trying to explain to people that a system is not just indicator(s). This time, instead of parroting what I have already told many times, I think that it is a much better idea to point out to you guys those books for the same explanation (and much, much more ...)
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As of the last question : once when you read the books and when the idea of trading system is clarified, then the indicators are simply hopping in (ie: you do not make system based on indicator(s) - you make/search/find indicators for a trading system, regardless of how good or bad an indicator is) provided that the idea of what exactly the indicator does is clear too. Look at indicators as tools : you are not going to cut a glass with a sledge hammer nor are you going to cut stone with glass cutter. Without knowing each and every part of the system and each and every indicator(s) analysis focus, there shall be no system ...
And the last : systems are a million. They are as individual as we all are. Do not look for others systems. Build your own.
- #258
- Oct 30, 2017 8:44pm Oct 30, 2017 8:44pm
- Joined Nov 2015 | Status: Trader | 2,976 Posts
understood...........very well
{quote} In short : yes (I am doing that all the time, but I am not posting the eas), and yes (it is possible to have long term profitable EA - but if you are expecting a 100% a day, then the answer is by all means a no) ...
Success is a Journey Not a Destination....... kind regards ramzam
- #259
- Edited 12:49pm Nov 5, 2017 12:22pm | Edited 12:49pm
Accumulation swing index (originally developed by Welles Wilder, description can be found here : http://www.investopedia.com/terms/t/trend.asp) usually has one "cryptic" parameter :
This version does not have that parameter (it internally uses different calculation) and ads some smoothing in order to make the ASI indicator a bit more usable for trending too. If you set the smoothing to <= 1, then the value displayed is what is the original ASI value, but, then it becomes obvious that it is too "nervous" for usage in most of the cases, and that was the main reason for changing the original
http://fxcodebase.com/wiki/images/ma...7aaaf087a9.png is a user defined value which means the maximum price changing during trade session.
This version does not have that parameter (it internally uses different calculation) and ads some smoothing in order to make the ASI indicator a bit more usable for trending too. If you set the smoothing to <= 1, then the value displayed is what is the original ASI value, but, then it becomes obvious that it is too "nervous" for usage in most of the cases, and that was the main reason for changing the original
Accumulation swing index (originally developed by Welles Wilder, description can be found here : http://www.investopedia.com/terms/t/trend.asp) usually has one "cryptic" parameter : {quote} This version does not have that parameter (it internally uses different calculation) and ads some smoothing in order to make the ASI indicator a bit more usable for trending too. If you set the smoothing to <= 1, then the value displayed is what is the original ASI value, but, then it becomes obvious that it is too "nervous" for usage in most of the...
this one have big potential