But, if its agreed that valid signals are given "at the moment", does it really matter that it repaints?
DislikedNo, it really doesn't. COG has been around for a long time, and the big beef is that it repaints and you can't look back at a chart and see historical perfromance, so jb created the no paint version that I posted.
It does repaint, and that's why you need another indi. Here he uses the candle average. Some people use an MA cross -- f the cross occurs outside of the outer lines that signals the entry.
Edit: I just read melpheos' post. And he is of course right for past trades. I'm referring to current trades.Ignored
DislikedIt does because the author of the thread has posted screenshot of signal in the past (as well as in the present)
If he uses the repaint version, the signals appearing in the past are worthless in terms of showing the validity of the method. So you have to focus only on present signal.
The best thing to validate the strategy is forward testing it or backtesting it with a visual backtest (there is a topic on this in the forum)Ignored
DislikedThat means actual signals can be valid as long as you have another indicator which confirms the signal?Ignored
Dislikednot ok in doted line you wait for average candle to reach .81 and the price candle to close ,
DislikedOan, i recall you said that you place a limit order to enter the trade and you don't wait for the canlde to close!