I have searched this forum, as well as the VT Trader forum but haven't been able to find this indicator for the VT Trader platform. I found it for MT4. Is it possible to create this indicator for VT Trader also? Thank you.
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DislikedOk folks,
I cleaned up this thread as it had, obviously, moved off topic.
It was offending some members and I {as I'm sure you} can understand why.
Actually I had intended to do this before but got sidetracked by visitors this weekend.
Let me please apologize to anyone offended and take the responsibilty for it as I should have deleted them before.
Now, Lets get back on topic.Ignored
DislikedI need a draw-down limitation program that will moniter my account balance and if the account suffers a 2% draw down in a single day the system will freeze trading, and not permit trading to resume until 12:01 am the following day. If this occurs three times in a week, then the system will freeze trading and not permit trading to resume untill 12:01 am Monday the following week. The parameters, after being set, in the sytem will be such that no alterations or new parameters will be allowed until 12:01 on the first day of the following month and...Ignored
DislikedI first came accross the r-square indicator in Martin Pring's, Momentum Explained II. IT is used as a confirmation indicator with trend indicators etc.. I have been using Pring's reccomened price projection oscillator with very good results without using the r-squared as a confirmation indicator because vttrader does not have it-(see attached image from book). I trust that Pring is not a idiot and has most likely reccomened the r-square based on its usefullness.
I have been hard pressed to find further information about this indicator....Ignored