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Tease Me more @cpfleger

  • #1,061
  • Edited 2:16am Oct 10, 2023 2:04am | Edited 2:16am
Quoting handy148
{quote} Don't be too hard on yourself - no such thing as a non repainting/recalculating ZigZag

Hi Handy148. Thank you. Yes it is zigzag so has too recalculate. But using it as presented in this thread seems to work for reviewers.

I remember having a discussion with the creator of Agimat and stating it could not work as a strategy as the higher highs and lower lows can be taken out and can not predict the future. It seems I have been proven wrong and that there is a way.
  • #1,062
  • Oct 10, 2023 2:04am Oct 10, 2023 2:04am
Quoting cpfleger
xinitial, Thank you for your screenprinted SL Chart and I have one simple question - where are the Green Vertical Lines to justify the Buy trade ? cpfleger {image}
It's possible they were green at the time
  • #1,063
  • Oct 10, 2023 2:09am Oct 10, 2023 2:09am
Quoting handy148
{quote} It's possible they were green at the time

Put the indicator on MT4 strategy tester M5 AUDUSD to check....
  • #1,064
  • Oct 10, 2023 2:09am Oct 10, 2023 2:09am
Quoting Tiroler
{quote} I just tried that, see screen printing!
That is fair but i did follow the rules
  • #1,065
  • Oct 10, 2023 2:10am Oct 10, 2023 2:10am
Quoting cpfleger
xinitial, Thank you for your screenprinted SL Chart and I have one simple question - where are the Green Vertical Lines to justify the Buy trade ? cpfleger {image}
Unfortunately I didn't screenprint when I place order.
I watch a group of green dotted line disappear after price break below arrow or sr line and paint new SR horisontal dot.
xinitial.
  • #1,066
  • Oct 10, 2023 2:10am Oct 10, 2023 2:10am
Quoting Ronin-
{quote} Pret. I'm the totally critical of all indicators even those created by me. That is why Mr C has asked the question about hitting SL. Look back on my posts. I have mentioned that the current channel leg or last leg (if Mr C) paints when the depth low / high of zigzag 12,5,3 calculation is complete. Therefore as other reviewers have stated it can be too late in a percentage of cases. My concerns are the following: 1) Channel paints too late. - This can potentially be predicted by using zigzag depth high / low 2) The SR bands are highest high...
As regards your last paragraph, of course one can't ignore things like the fractal nature of the market, and specially Market Structure (HH HL LH LL)
  • #1,067
  • Oct 10, 2023 2:13am Oct 10, 2023 2:13am
Hi C,

From Tester. Channel taken out by price. Then the SR Lines join the upper SR Lines.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
  • #1,068
  • Oct 10, 2023 2:16am Oct 10, 2023 2:16am
Quoting Ronin-
{quote} Pret. I'm the totally critical of all indicators even those created by me. That is why Mr C has asked the question about hitting SL. Look back on my posts. I have mentioned that the current channel leg or last leg (if Mr C) paints when the depth low / high of zigzag 12,5,3 calculation is complete. Therefore as other reviewers have stated it can be too late in a percentage of cases. My concerns are the following: 1) Channel paints too late. - This can potentially be predicted by using zigzag depth high / low 2) The SR bands are highest high...
Thanks for your infomative reply and i do think experience and intuition comes into play
Thanks
Gert
  • #1,069
  • Oct 10, 2023 2:18am Oct 10, 2023 2:18am
So question is:

Is this a pullback or a reversal.....?

This is where the rules come in. The 3 candle rule / exit on "X" tries to avoid the above which can not be predicted
.
  • #1,070
  • Oct 10, 2023 2:19am Oct 10, 2023 2:19am
Quoting Ronin-
So question is: Is this a pullback or a reversal.....?
and that's exactly where Market Structure comes into play.
  • #1,071
  • Oct 10, 2023 2:25am Oct 10, 2023 2:25am
Quoting Ronin-
Hi C, From Tester. Channel taken out by price. Then the SR Lines join the upper SR Lines. {image} {image}
This is what I experienced earlier.
  • #1,072
  • Oct 10, 2023 2:35am Oct 10, 2023 2:35am
Gents,
I guess we are having a good conversation about the Channel painting too late.....
I would like to see more SL's hit, preferably a few screenprints before and after as this is vital to our system success and helps with the data.
I would like to know what the majority think so far with the system results...
cpfleger
  • #1,073
  • Oct 10, 2023 2:52am Oct 10, 2023 2:52am
Quoting cpfleger
Gents, I guess we are having a good conversation about the Channel painting too late..... I would like to see more SL's hit, preferably a few screenprints before and after as this is vital to our system success and helps with the data. I would like to know what the majority think so far with the system results... cpfleger
My two pennyworth is pretty good overall.

Going back to something Ronin mentioned earlier, you will likely have more issues with a setting of 12 than you will with say 32 or 64 which I like. However, it may well be that this is not a one size fits all, so ZigZag settings may change for different pairs/asset classes.

I've noticed a lot of different ZigZag settings and I guess that will reflect in results. Also I have no idea whether everyone uses the default settings in in the Zwinner and Agimat indicators. I've read the whole thread but don't remember specific values being mentioned.
  • #1,074
  • Oct 10, 2023 2:55am Oct 10, 2023 2:55am
Quoting cpfleger
Gents, I guess we are having a good conversation about the Channel painting too late..... I would like to see more SL's hit, preferably a few screenprints before and after as this is vital to our system success and helps with the data. I would like to know what the majority think so far with the system results... cpfleger
After I tried this SR indicator, I felt that 1 entry using channel was often too late and make SL wider.
However, entry after the pullback using the breakout channel in the direction of the SR and dotted lines is more likely to be successful.
xinitial.
  • #1,075
  • Oct 10, 2023 3:00am Oct 10, 2023 3:00am
Another one XAUUSD 5mins
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  • #1,076
  • Edited 3:21am Oct 10, 2023 3:08am | Edited 3:21am
My experience, is generally surpise that this indicator / tool seems to make a difference from the trades posted on the thread.

For reviewers to make profitable trades straight away with a new indicator and have continued too for the last week shows potential but is still very early days.

Agree longer SR Line lengths are better as removes some of the repainting due to shallow pullbacks.

The cycles within the markets are constantly changing length and it is about finding an average length for a given time frame and accepting there will be a percentage loss.

Xinitial suggestion of widening the band may help. Something to look into and test.

Agimat tends to be 60,5,3 setting.
  • #1,077
  • Oct 10, 2023 3:22am Oct 10, 2023 3:22am
Quoting Ronin-
My experience, is generally surpise that this indicator / tool seems to make a difference from the trades posted on the thread. For reviewers to make profitable trades straight away with a new indicator and have continued too for the last week shows potential but is still very early days. Agree longer SR Line lengths is better as removes some of the repainting due to shallow pullbacks. The cycles within the markets are constantly changing length and it is about finding an average length for a given time frame and accepting there will be a percentage...
Later, when I get back home, I will show you with screenprint.
xinitial.
  • #1,078
  • Oct 10, 2023 3:32am Oct 10, 2023 3:32am
Quoting cpfleger
Gents, I guess we are having a good conversation about the Channel painting too late..... I would like to see more SL's hit, preferably a few screenprints before and after as this is vital to our system success and helps with the data. I would like to know what the majority think so far with the system results... cpfleger
I have been testing XAUUSD TF 5min after applying the rules.. So far 2 wins in a row. For me it doesn't matter even if the channel paints late as long as trades are success. Consistency is key to success.
  • #1,079
  • Oct 10, 2023 3:40am Oct 10, 2023 3:40am
Quoting cpfleger
Gents, Curiosity has the better of me today - Has anyone hit a Stop Loss above or below a set of painted SR Lines ? If so, can you screenprint asap. cpfleger
As requested stoploss hit image
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  • #1,080
  • Oct 10, 2023 4:33am Oct 10, 2023 4:33am
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