PlanetX Indicator - can this indi be used for trading?

Quoting BestTraderEv

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{quote} Thanks for the contribution! I want to show this: Where the white v-line, your indi signals short. When we look at the oscillators, it is long. This is the direction we should take! Both in trading, and in developing better signals indicators. {image}

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Quoting ohitsyou

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{quote} I see you've added the LuckyReversal indicator to your chart. I had too -- it's pretty. But then I checked it with Strategy Tester and saw that it repainted. Perhaps still nice to have around to provide hindsight context, but questionable for trading signals. Oh well...

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Quoting BestTraderEv

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... Thanks for the contribution! I want to show this: Where the white v-line, your indi signals short. When we look at the oscillators, it is long. This is the direction we should take! Both in trading, and in developing better signals indicators.

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Quoting ohitsyou

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{quote} I see you've added the LuckyReversal indicator to your chart. I had too -- it's pretty. But then I checked it with Strategy Tester and saw that it repainted. Perhaps still nice to have around to provide hindsight context, but questionable for trading signals. Oh well...

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Quoting SystemsTrade

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I just added a few more sections to this system and now look {image} If the total account profit is above the threshold it closes all positions {image}

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Quoting SwingMan

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{quote} Thanks for the comment and I won't be posting anything else here. But, one can easily see why this signal took place, and there are many other earlier or simultaneous signals as well. It is actually an exit signal and is filtered by the BBsqueeze. BBS is blue, so there is no exit (one of the possible trading rules). {image}

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Quoting BestTraderEv

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{quote} Why did I take this long trade, even though I entered late? Why didn't I go short? {image}

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Quoting BestTraderEv

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My next contribution: I have written the PlanetAwesome-OnChart-Signals indicator. This indicator reads data from OIY-PlanetX-OnChart, so @ohitsyou maybe you do not change anything in the buffer order of you indicator, please? I am planning to use the data from your indicator and add my own filters to make better signals. {file}

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Quoting BestTraderEv

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My next contribution: I have written the PlanetAwesome-OnChart-Signals indicator. This indicator reads data from OIY-PlanetX-OnChart, so @ohitsyou maybe you do not change anything in the buffer order of you indicator, please? I am planning to use the data from your indicator and add my own filters to make better signals. {file}

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Quoting ohitsyou

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{quote} In v6 I changed to using Open price, whereas v3 uses Close price -- that may be what you're seeing, I don't know. I have no clue what you mean by "accurate" and I've never before heard of anyone who trades by repeatedly opening and closing their MT4 terminal session. Just as in real-life everything comes with a trade-off, that's also true of trading forex. When an algorithm uses Close price then Bar[0] will fluctuate (due to recalculation) -- that's a drawback. On the other hand, when an algorithm uses Open price then at the next interval...

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Quoting Ttxiii

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{quote} don't get it wrong, I appreciate everything you do and what @BestTraderEv has done. I see a lot of potential in this indicator. I am only sharing what I have experienced with this indicator. so please don't take it wrong.

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Quoting BestTraderEv

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Took another long: {image}

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Quoting ohitsyou

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{quote} When you asked before, I bit -- I'll bite again. So, why did the chicken cross the road you go long ? Could it be because PlanetAwesome-Osc shows a BUY alert on Bar[1]?

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Quoting BestTraderEv

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{quote} That's the big question! There were both markers at that moment, one for long, one for short. Only, that there was a Lucky long signal, and a ZWinner long signal, but most importantly, there was a Bullish trend and the pullbacks were smaller than 50%. And I knew where my Stop Loss was, and I knew where my Take Profit should be. The rest was to get a good price, which I failed to get on the first trade, but got on the second trade. Though on the first trade the momentum was pretty strong, so at least there was a big chance the big guys were...

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Quoting ohitsyou

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{quote} This is great -- thank you!! And you know what would be even greater? A chart where you place numbers that correspond to all the points you just made. You could provide us a year's worth of trading experience in one picture...

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Quoting BestTraderEv

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The current short signal - this is a signal which is already too late: {image}

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