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Unknown Indicator and amazing result

  • #1
  • First Post: Oct 11, 2011 2:55pm Oct 11, 2011 2:55pm
Hi everybody,
couple of days ago I received an e-mail with a free indicator explaining how great it is, at first I thought this is another crap wasting my time and then try to sell something to me but since it was free I decided to take a look at it.
When I put it on my chart I thought this again is a modified version of MACD or something like that but now I don't know what it is, but it's doing fine.
I did some visual back-testing and I saw it seems to catch the trends from the beginning and it's doing good in ranging markets, then I did some demo trades based on it with some rules that I defined for myself and I got positive results.
This picture shows it in last 24 hour, if someone is interested I can share the indicator and my ideas so we can see if we can do something with it.
And if someone can find out what it is that would be appreciated because I'm getting curious about it.
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.gif Size: 37 KB
  • #2
  • Oct 11, 2011 3:39pm Oct 11, 2011 3:39pm
Looks interesting. I'll give it a go. pm me and I'll give you my email addy.
  • #3
  • Oct 11, 2011 4:40pm Oct 11, 2011 4:40pm
I'll give it a try. Any port in a storm. Let me know where to pick it up.
W-2
  • #4
  • Oct 11, 2011 4:55pm Oct 11, 2011 4:55pm
(just lurking)
  • #5
  • Oct 11, 2011 5:49pm Oct 11, 2011 5:49pm
If you have a look at the threads in FF you will see thousands of indicators have been created and shared, perhaps if you post the indi you have someone will recognise it and be able to tell you if it repaints.

Most indis that look fantastic in back testing repaint so don't actually work in real time trading.

Of course there is one way to find out
Money grows on the tree of persistence
  • #6
  • Oct 11, 2011 6:03pm Oct 11, 2011 6:03pm
Quoting ozmacca
If you have a look at the threads in FF you will see thousands of indicators have been created and shared, perhaps if you post the indi you have someone will recognise it and be able to tell you if it repaints.

Most indis that look fantastic in back testing repaint so don't actually work in real time trading.

Of course there is one way to find out
I don't intend not to share the indicator, I'm sure someone would recognize it.
Here it is:
Attached File(s)
File Type: mq4 ForexTrend_v2.mq4   3 KB | 7,143 downloads
  • #7
  • Oct 11, 2011 6:06pm Oct 11, 2011 6:06pm
Quoting exking
I don't intend not to share the indicator, I'm sure someone would recognize it.
Here it is:
I'm just wondering what it is, because although it repaints, it generates good signals. I've check it in real time.
  • #8
  • Oct 11, 2011 6:21pm Oct 11, 2011 6:21pm
It repaints the last 7 bars. Live signals are up to 7 bars later then those shown on the chart.
  • #9
  • Oct 11, 2011 6:28pm Oct 11, 2011 6:28pm
Quoting euclid
It repaints the last 7 bars. Live signals are up to 7 bars later then those shown on the chart.
yes, you're right, but what is it? I'm just curious
  • #10
  • Oct 11, 2011 6:34pm Oct 11, 2011 6:34pm
Read the code...

Says its based on SilverTrend, which IS A REPAINTING INDICATOR. So be careful.

The notes also say its been "re-written" and "modified" by two different people.
  • #11
  • Oct 11, 2011 7:20pm Oct 11, 2011 7:20pm
Quoting Kinetical
Read the code...

Says its based on SilverTrend, which IS A REPAINTING INDICATOR. So be careful.

The notes also say its been "re-written" and "modified" by two different people.
Thank you
  • #12
  • Oct 11, 2011 7:37pm Oct 11, 2011 7:37pm
Quoting Kinetical
Read the code...

Says its based on SilverTrend, which IS A REPAINTING INDICATOR. So be careful.

The notes also say its been "re-written" and "modified" by two different people.
I'm not a coder,
is it possible to do something with the code and make it not repaint?
what is it made of?
  • #13
  • Edited 8:07pm Oct 11, 2011 7:45pm | Edited 8:07pm
Quoting exking
yes, you're right, but what is it? I'm just curious
OK. It's looking at the midpoint between the highest and lowest price over a seven bar period (bar 2 to bar 8) and compares that with the another seven bar period (bar -5 to bar 1). Since bar -5 is 5 bars into the future, that's cheating

Here's a version that doesn't cheat. This should match the live signals you are seeing with the original.
Attached File(s)
File Type: mq4 ForexTrend_v2_norep.mq4   3 KB | 1,332 downloads
  • #14
  • Oct 11, 2011 7:48pm Oct 11, 2011 7:48pm
Quoting euclid
OK. It's looking at the midpoint between the highest and lowest price over a seven bar period (bar 2 to bar 8) and compares that with the another seven bar period (bar -5 to bar 1). Since bar -5 is 5 bars into the future, that's cheating

Here's a version that doesn't cheat. This should match the live signals you are seeing with the original.
Thank you euclid, I'll check it, did you have it or you just made it now?
  • #15
  • Oct 11, 2011 7:49pm Oct 11, 2011 7:49pm
Quoting exking
Thank you euclid, I'll check it, did you have it or you just made it now?
Perfect, it shows how it works in real time, thanks again
  • #16
  • Oct 11, 2011 7:56pm Oct 11, 2011 7:56pm
Quoting exking
Thank you euclid, I'll check it, did you have it or you just made it now?
I just made it. It's a simple fix.
  • #17
  • Oct 11, 2011 7:57pm Oct 11, 2011 7:57pm
Quoting euclid
I just made it. It's a simple fix.
thank you, but the inputs are gone
  • #18
  • Oct 11, 2011 8:08pm Oct 11, 2011 8:08pm
After it gave some false signals the last signal it generated is 55 pips in profit on eur/usd, haha, it's funny, we could get this with two MA's, but maybe I can do something with it.
  • #19
  • Oct 11, 2011 8:14pm Oct 11, 2011 8:14pm
Quoting exking
thank you, but the inputs are gone
The second input doesn't do anything useful. I put the other one back. That was a mistake. I edited my post so you can download it again.
  • #20
  • Oct 11, 2011 8:19pm Oct 11, 2011 8:19pm
Quoting euclid
The second input doesn't do anything useful. I put the other one back. That was a mistake. I edited my post so you can download it again.
Thank you, so what does it become now? two MA's?
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