Sweet Spot finder indicator

This is a paste from the Malaysia room, thought I'd better post it here as well to hedge all bets...lol

"Yes the room does appear to be very quiet the last few days, where has everyone gone?? This was a powerhouse thread but seems to have lost a lot of momentum lately.

Ok for those still reading, especially Savant (or anyone else who may be able to help). Ive been backtesting the SweetSpot Finder indicator using vhandstrade (good backtest EA, have a look at Skunny's Indicator free trading thread if you dont know it), and find that when you attach the indicator to a chart it shows some beautiful trades with optimum entry and exit points. Initially I was pretty excited about how good it looked, but after running it through vhandstrade, found it repainted, a lot. It appears to use what I call the Splatter Method (ie throw enough c**p at the wall and some of it will stick, in other words show enough arrows and law of averages says some of them will be beautiful trades, obviously keeping only the profitable trades).

Ok here is my dilema, the indicator has some excellent entry points, regardless of repainting, what I want to know is if someone here is able to alter the code to stop it repainting, to essentially show the indicator in all its naked glory and I'll put it through the ringer on vhandstrade. Alternatively, if someone uses the indicator perhaps in conjunction with another filter to rule out these bad trades, then that info would also be greatly appreciated. Any findings I have I will release them here.

Cheers Salamat tinggal"

Anyone else here able to help..??

why not post the indicator here instead of making people go hunt for it?

sorry dude slipped my mind

If it is repainting, doesn't that mean that the indicator goes back after the fact and re-plots the points to make it look better? Wouldn't that be why the entries and exits always seem just right?

I tried to take a look but couldnt open it up in the editor anyways, might try posting the mq4 and maybe someone could help.

Yep your absolutely right, however I have been watching it live for the last week as well as running it through vhandtrade, with three months data, which treats any backtest data as live data, which you can actually enter hypothetical trades etc and even though it repaints, the trades that do stick and stay (and I marked each arrow as it went along, and watched like a hawk) are the optimum entry points. This proves the dynamics of the code are somewhat correct, hence when you add it to a chart it looks so perfect, but the fact that it resets puts me off a lot.

Therefore the Splatter Method, cover enough options and one will be correct. What I would love to see is the code being altered to stop it repainting, so I can analyse the best way to avoid these false signals, and then try to add some other filters to it to try and gain maximum bonus from it. Also as Im no coder, try to establish why it places its entry points...ie is it using a MA crossover?? Stoch Div?? I tried a few different filters (RSI is the best so far), also a time period of two candles seems to lock in the arrow, so Ive been trying that as well. But in further testing Ive found that an entry will be missed alltogether, and will apear about 5-10 candles later, another issue.

I know it sounds like a long list but like I said in the first post, the arrows that do not repaint are excellent entry points, but trying to weed out the dross is a pain...

EDIT: Just tried looking into the file myself, and it appears the file might be protected..not sure though, like I said Im no coder.

Total, I expect that you'll need to find and post the MQ4 source code, if you want anybody to look into this.

David

Yep, I cant actually get into the code using metaeditor, however I have contacted the guy who first posted the indicator, apparently it was designed for him (See Malaysia thread, for details etc). A few people have asked questions previously about this indicator, with not much head way being made on it, so time will tell.

Im pretty sure the indicator itself isnt the members proprietry property (otherwise why post it in the first place), but the code appears to be scarce to come by.

Anyone able to get the source code for the posted indicator?? Im no MT guru so any help would be greatly appreciated.

Favourite Quote "Iraq is open for tourist visitors, if you have 1 or 2 bodyguards you will be 70-80% ok" Basra (Southern Region) Tourism Ministry 2005

Mind you, what's Splatter Method?

Thank you.

Throw enough c**p at a wall and some of it will stick, or in other words, keep signalling a trade on each candle and one of them will be a beauty (of course repainting the bad trades). Hence me terming it the splatter method.

You will notice that when you attach the indicator to a chart it shows some excellent trades, ideal entry points along with optimum exit points. Of course this is on static data, ie past history so the indicator is able to find these points easily, however when used with live data the signals come and go until it hits a good trade. But because the indicator is finding these points it makes me think that the code for it is basically sound, perhaps needs a bit of tweaking here and there.

Been looking at decompiling the indicator, however as far as I can tell by running a quick search, you have to pay for it. Im going to wait out till I hear from the original poster, and see if he will provide the source data, and then we can disect it and see why, what and when of it.

Probably old hat, and a tad late, but here's the decompiled version if it's still needed.