Hmm.... good points.
I don't know how my indicator would compare against a simpler one. In the early days I found plenty of indicators that were all much the same... usually working from some kind of overbought or oversold calculation. However, each indicator would vary wildly 10% of the time (or whatever), given certain market conditions. So I guess that occasional difference between indicators is what makes one indicator appeal to someone and not to others. Personal preference.
And so perhaps my indicator is much the same... just like many others, but occasionally, very different.
You are right, I am confident in the calculations and I am reticent to share those calculation, and I know that makes it hard for someone to evaluate. My confidence largely comes from the fact that most of the calculations are done on data not available within MT4 so I have more than price and volume to work with. Given that, I find it quite remarkable that my calculations resulted in such correlation to the price on the chart.
What's your indicator based on?
As for my indicator, I think I'll keep letting my computer post the indicator data to the FTP server so anyone is welcome to play with it, and I'll post my trades here as I make them. I guess the purpose of my post is to see if someone is, on pure faith, willing to trade (demo or otherwise) using the indicator, or at least critically evaluate the trade decisions that I make based on the indicator. I'm really just waiting for the holiday period of be fully over before I trade again.
As a side, I never use stop losses. I simply hedge and I've written code to drop me in and out of partial or full hedges as required. I trade the 1HR timeframe and make only a few trades a week so the spread / commission loss I get from hedging is negligible.
I don't know how my indicator would compare against a simpler one. In the early days I found plenty of indicators that were all much the same... usually working from some kind of overbought or oversold calculation. However, each indicator would vary wildly 10% of the time (or whatever), given certain market conditions. So I guess that occasional difference between indicators is what makes one indicator appeal to someone and not to others. Personal preference.
And so perhaps my indicator is much the same... just like many others, but occasionally, very different.
You are right, I am confident in the calculations and I am reticent to share those calculation, and I know that makes it hard for someone to evaluate. My confidence largely comes from the fact that most of the calculations are done on data not available within MT4 so I have more than price and volume to work with. Given that, I find it quite remarkable that my calculations resulted in such correlation to the price on the chart.
What's your indicator based on?
As for my indicator, I think I'll keep letting my computer post the indicator data to the FTP server so anyone is welcome to play with it, and I'll post my trades here as I make them. I guess the purpose of my post is to see if someone is, on pure faith, willing to trade (demo or otherwise) using the indicator, or at least critically evaluate the trade decisions that I make based on the indicator. I'm really just waiting for the holiday period of be fully over before I trade again.
As a side, I never use stop losses. I simply hedge and I've written code to drop me in and out of partial or full hedges as required. I trade the 1HR timeframe and make only a few trades a week so the spread / commission loss I get from hedging is negligible.
