Quoting accreteDislikedHi Paul and thank you for your reply. In looking at your nice chart it appears your feed is similar if not exactly like my IBFX demo feed shown in the lower black background chart shown below (Alpari demo feed is in blue above it). The crazy thing is i had not compared the Alpari chart indicators (which i have used for well over a year to trade manually with success) to the IBFX charts which i use in the 10 or so demo accounts i have EAs running in.Ignored
QuoteDislikedSo here is what you see, and this i believe is an issue to be addressed, which i think Stockwet has brought up also(?). If you look at the vertical magenta line running from top to bottom intersecting the yesterday's large bear candle you will see the RSI and Signal crosses are clearly different on the two feeds. Trading manually (off the blue Alpari charts) yesterday i did not enter into the sell that the Fozzy EA triggered via the IBFX (black chart) feed and RSI crossing.
MT4 is very new to me, I've only started to use it a month ago. I do not know much about EA's or the metatrader programming language, but I do know that stockwet's EA uses EMA by default. Try changing it to SMA to see what it does.
QuoteDislikedNow here is the clincher. As stated, in manually trading this model on 1hr charts over the last year i never entered at the cross just cuz it was a cross. This has saved me lots of lost pips. But here, even if we have another issue; One feed says Cross/Heads Up, the other says No Cross, come back another day. These are very different visual clues. Something to keep in mind if one is dependent upon indicators to help make decisions. Glad i like to trade mostly via TDTL breaks ! They can't lie.
I always apply my personal discretion when trading. I usually look for signs of resistance or support, and other indicators such as candle shapes and how bands are moving, etc. I think that this indicator is a good one to use for a, as you say "heads up" - "Look at me, I might do something soon."
QuoteDislikedIn hindsite, i am wondering now if much of the confusion with my posting, and earlier use, of FXSnipers nice Dyanmic RSI was an issue of differences in Data Feeds and not the coding inside his indicator?
: ) or should i put a sad one there?
, ( Thom
No idea, all I know is there definitely is something fishy in the charts that may cause errors. I think stockwet is looking into it and has posted info in his EA thread.
So far so good.