Max Profit Custom Indicator
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Wouldn't it be helpfull to create a custom indicator (based on closing of the bar) that shows where the "perfect trader/system" would buy and sell. This would allow you to visually compare the lag and accuracy of your own indicators, custom indicators and EA's. Offcourse we would have to use the spread (difference between bid & ask) on the pair to avoid giving too many signals during a period where the range of the market is smaller than the spread (or 2xspread). We could help a lot of people and also improve our own strategies: this could become a tool to optimize your indicator settings for whatever graph it's attached to. First graphically and maybe later with a script to get as close to perfection (based on all past data of the graph) as possible. It would be similar to optimizing EA's with the already present optimize function in the strategy tester box, but then for indicators and not only for EA's. We could also set the number of signals ("degree of perfection"), to avoid giving too many signals and overoptimization/curve fitting.
I know it's a standard indicator in Equis' Metastock product, so why not make it available to Metaquotes users...
Anyone interested in working on this little project? Please reply.