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Advanced Bezier Trailing

  • #1
  • First Post: Edited 9:09pm Apr 10, 2012 7:04pm | Edited 9:09pm
Hello everyone,

As we all know the traditional trailing is not good. I believe that there could be some improvement on this sector. I'd like to see a solution that would let me sleep with ease. Something that would negate needs to set SL @ breakeven and something that would always make sure that a well started trade gets some good profits after all even though a trader fails to close his trade at the perfect spot.

It would be best if curves would be editable right on screen. The trailing would get disabled while editing (by dragging control points around). It would get automatically reactivated ~20 seconds after editing. Curves could have a last segment that would continue endlessly as straight line (a ray).

Even though I am speaking about bézier curves, I don't mean full blown form controlling via handles. Just simple points to drag like in this video: Drawing Anime Using Paint.NET - YouTube

Sounds good ? Any ideas on how to improve it ? Any coders interested in this ?
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  • #2
  • Apr 10, 2012 10:36pm Apr 10, 2012 10:36pm
Quoting voltagetoe
Hello everyone,

As we all know the traditional trailing is not good. I believe that there could be some improvement on this sector. I'd like to see a solution that would let me sleep with ease. Something that would negate needs to set SL @ breakeven and something that would always make sure that a well started trade gets some good profits after all even though a trader fails to close his trade at the perfect spot.

It would be best if curves would be editable right on screen. The trailing would get disabled while editing (by dragging control...
As far as I understand it, Bezier curves are non-causal and as part of their algorithm recalculate based on recent data (the lines will jump if the anchor points are changed even a little bit). This means that the indicator would redraw if you attempted to automate its drawing. If you wish to manually draw the curves that is one thing but automating the drawing: I doubt MT4 would be up to the task as the calculations can be quite involved.

A redrawing indicator looks better on static data than it performs on live data and it is exceptionally difficult to determine how it would perform on live data other than running it forward. I've messed around with some non-causal indicators of this family and after lots of hassle to make them causal they don't perform as well as a simple moving average. Just my $0.02.
  • #3
  • Last Post: Apr 10, 2012 11:08pm Apr 10, 2012 11:08pm
Quoting FXEZ
As far as I understand it, Bezier curves are non-causal and as part of their algorithm recalculate based on recent data (the lines will jump if the anchor points are changed even a little bit). This means that the indicator would redraw if you attempted to automate its drawing. If you wish to manually draw the curves that is one thing but automating the drawing: I doubt MT4 would be up to the task as the calculations can be quite involved.

A redrawing indicator looks better on static data than it performs on live data and it is exceptionally...
What I am introducing is actually a trade manager EA that deploys a default static trailing curve (form specified in EA settings) that can then be manipulated manually by dragging control points.

I don't really trust indicators much. I think that what works best is the human's ability to visualize/predict form of next wave or series of waves via visual spatial intelligence.
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