hi there,

you know on your demo chart the top left corner where it shows overall trade and profit trade and then gives a wining ratio which was always very high. how do you define a profit trader in your code? i know it starts from one of those arrows signifying an entry point, but where does this trade ends which always gives a profit trade 80-90 percent of the time?

thanks. 

hi

signals become profitable if price breaks the bar where the signal happens and turns into profit

Maximum profit is used for calculation to average out the profits.

example

signal 1 100pips max

signal 2 150pips max

signal 3 40pips max

signal 4 20pips max 

signal 5 80pips max 

Total max pips = 390pips max

we divide to 5 signals

390/5 = 78

So 78 pips the expected average takeprofit based from statistics.

if your winning trade is based on the the maximum pips earned before the next new signal given (which is always for an opposite direction. i.e if the previous signal is a long one, the next one 's gotta be a short signal, and vice versa)

im thinking what's the other 10% losing trades look like?  is it if after a long signal is given, the price goes all the way down never comes back (that means this long trade is never in profit since trade open). and then there comes a new short signal. Vice versa for a short losing trade. of course based on your stats, these type of scenario is rare. but is it possible also to show such a sample from your chart?

correct me if the above is wrong

Thanks 

Hi,

 Losing trades are trades are if the next bar after the signal did not exceed the high or low of the previous bar.

Example. 

On Buy signal, the trade will become profitable if price goes above the high where the signal occurred.  

On Sell signal, the trade will become profitable if price goes below the low there the signal occurred. 

The use of this statistics on max profit is to be able to project the next possible Targets for TP and SL.

Max values are needed to have predictive value. 

Also losing signals are cut fast. depending on the settings used.

Losing signals end to be small

Winning signals end to be big 

Regards

hi

could you explain a bit more on this losing trade cut fast and small concept of the code.  are you referring to use the opposite signal to exit a losing trade? or you have the setting to adjust the exit target? I need to know this coz the success of the strategy im thinking to apply this indicator to really depends on this part, i.e if any losing trade can be closed small and quick.

thanks 

Hi

Yes, losing trades are closed early on opposite signal. 

Hi Sir,

Thankyou very much! 

hi , when you count the overall trade number, how far do you go back to the history? is it one year?or longer? thanks.

Using all bars.

On next  update i will put a Lookback parameter to customize it. 

Please see attached screenshot, as you can see the price on sell signal did not go lower than signal bar but the trade was profitable contrary to what you described above, can you explain this?  

Please see attached screenshot, as you can see the price on sell signal did not go lower than signal bar but the trade was profitable contrary to what you described above, can you explain this?  

Hi,

Don't you have any plan to publish an EA based on Trend Lazer? 

not yet. but maybe in future. EA can be created using the indicator buffers

Redards

Hi, 

just like what i explained, it will be in profit if it breaks the signal bar. It will be profitable if you exit depending on your takeprofit values. You can use the average SL & TP sa guide. 

Small profit is needed to calculate average of all profit.

To get approximate SL & TP for next trades.

Regards 

hi, will it also be possible to include an average pips per lose trade on the top left corner? that way we can value the relative value of win trade against lose trade. thanks.

Hi,

Yes, will inform on next updates. Thanks 

If I buy your indicator, would you tell me how to access your buffer from my EA ? 

-entry point/exit point (arrows up/down)

- which chart/symbol  

- etc all good parameters to extract using icustom ?

also what is the result of TrendLaser over a long period ?

Thanks 

Hi,

I will attach a screenshot.

You can use icustom function. Or have somebody do the ea.

Bullish Trend = When laser is blue
Bearish Trend = When laser is red
Buy Signal = When there is new Uptrend (First Blue laser)
Sell Signal = When there is new Downtrend (First Red Laser)

Trend laser is an indicator ideally combined to others and used as trend filter. 

The results are usually big winners and small losers.