It would be useful to visually 'backtest' the strategy. In forward trading we always now the hour we are ... but in backtesting ... I think that friday afternoon, sunday and not trade hours could be in gray.
It's only an opinion.
Right, Forexts, nice work.
But we still have missing dots and I do not know why.
Allow me to chime in about the missed trades. It looks from Kalenzo's code and your charts that the missed trades are because the cross of StepMA_Stoch doesn't happen within 3 bars of the EMA50 cross. My suggestion may be to had 2 indicators in one. Have 2 different colors for both Buy and Sell, one for when the EMA50 crosses within 3 bars of the StepMA_Stoch cross and one for when it doesn't. That should fill in the missed cross indications.
Why do we need those 3 bars?
More missing signals: eurusd was a buy at 1.2078 (13:00CET).
Muram's indicator prints a blue arrow, Kalenzo's does not.
Interested in that indicator
I am interested in checking that indicator, can you upload it here or at Downloads.
I think there is some confusion over whether the cross of StepMA_Stoch has to happen in close proximity to the EMA50 cross or not. As I understand your rules, the StepMA_Stoch only needs to be in the same direction as the EMA50 cross. If the cross of StepMA_Stoch happens in close proximity to the EMA50 cross, it only means that the cross is a stronger signal and more valid than if the 2 crosses are further apart. I believe that some of the other contributors are getting confused about this point.
You are right.
For instance, today on Cable we had a cross up on StepMa_Stoch at 15:30. But Cable did not open above EMA50. So, no trade. At 16:00, the same: yellow line was above blue one, but price did not open above EMA50. At 16:30, the same. At 17:00, it closed above. At 17:30, opened above with StepMA_Stoch in bullish mode. So, time to go long at 1.7611. Made a high at
1.7668. A shot of 57 pips. (Mig).
1) 50 ema of Close
2) 50 ema of High
3) 50 ema of Low
It's the wave by Raghee Horner, she has a book written around this except she uses 34 ma (I believe linear weighted).
Can you post your indicator again?
Today's recap so far (18:25CET):
EURUSD, bought at 1.2077 (13:00CET). Made a high at 1.2143. +66 pips.
USDCHF, sold at 1.2793 (13:30CET). Made a low at 1.2716. +77 pips.
GBPUSD, bought at 1.7614 (17:30CET). Made a high at 1.7667. +53pips.
TOTAL= +196 pips.
For the week = +415pips.[/B]
See you tomorrow!!
Hi Muram, Hi Nina,
which once are the latest indicators?
Many Pips to all.