GE Mladen and Mtiwana Sirs
i have found the following indicators in this forum
1. TriangularMA centered bands - mtf - alerts......Does this repaint as i read it somewhere?
2. EMA extrapolated keeps on changing
If these do repaint could you help and tell some other indicators
Thank you in advance'
Of centered TMA - check this thread : https://www.mql5.com/en/forum/181241
Of extrapolated EMA : any extrapolation is a subject of changing - there is no extrapolation made (yet) that does not do that if the underlying data changes
What i felt was that the line crossed some candles and then after some time the line moved away from them and then came back again and crossed them. IF a postion is taken based on this then the criteria followed get changed . is this the way postion shud be taken or is it bad?
That is a fitting indicator
As with all fitting indicators you should not trade it as signals, but as estimation
You could read this : https://en.wikipedia.org/wiki/Extrapolation for some more information of what is extrapolation and how could it be used
Thank you so much.
I am reading the links. Meanwhile can u suggest any other band indicator which can be used as a signal and which wont change postion later
Thanks and Regards
Try some like :
and so on and on and on ...
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read
Sergey Golubev, 2017.09.16 05:40
Expert Advisor Programming for MetaTrader 4
This book will teach you the following concepts:
All of the source code in this book is available for download, including an expert advisor framework that allows you to build robust and fully-featured expert advisors with minimal effort.
And just to remind about the following Freelance services:
Where can I find the indicator 'higher high lower low stochastics(20)' that you have on your pic? It looks attracting. Thank you in advance.
Interesting article -
My First "Grail"
The word "grail" is now often used among modern programmers ironically. It means for them the impossibility to create a "universal" program for all occasions. As to programming in MQL4, this word means impossibility to create an expert that would give fantastic effects in the real trading.
In reality, forex is the reflection of a complex conglomerate of phenomena - economic and industrial relations, human characters, politics. Moreover, and this is even more important, it cannot be simply formalized. Experienced traders recommend to enter the market only if there are three to five or even more signs indicating the possible trend.
At the same time, the regularities determined by now cannot completely provide a deep basis for market forecasting with high probability of success. The contradictory prognoses made by leading analysts of eminent banks and financial organizations confirm this. All analysts, without any exception, can very well interpret the events that have already happened, but only a few of them can give a sequence of really confident prognoses.
Let us be just towards them: These people do what they can do, most of them have a long trading experience and much knowledge we can envy. However, let us call things by their proper names: practically all of them are often mistaken. They can look big, enjoy more or less popularity, sometimes make a handsome fortune ("gurus" of different kinds are really well described in the Alexander Elder's book titled Trading for a Living: Psychology, Trading Tactics, Money Management), but the fact remains that even experienced analysts are often mistaken.
So, considering these circumstances, what are the chances of a first-time programmer who is just making his or her first steps in trading on Forex? Let us try to retrace the pathway that the beginner goes in his or her quest of the "Grail".