Requests & Ideas, the beginning - page 271

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Mladen Rakic
105049
Mladen Rakic  
qasd:

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

Triangular moving average (TMA) ...
Triangular moving average (TMA) ...
  • 2012.04.02
  • www.mql5.com
The purpose of this thread is more personal ... At some stage (some 4 years ago, posted it at this post : https://www.forex-tsd...
qasd
55
qasd  
Mladen Rakic:

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


Sir

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?

thanks

Mladen Rakic
105049
Mladen Rakic  
qasd:

Sir

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?

thanks

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


Extrapolation - Wikipedia
Extrapolation - Wikipedia
  • en.wikipedia.org
In mathematics, extrapolation is the process of estimating, beyond the original observation range, the value of a variable on the basis of its relationship with another variable. It is similar to interpolation, which produces estimates between known observations, but extrapolation is subject to greater uncertainty and a higher risk of producing...
qasd
55
qasd  

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

Mladen Rakic
105049
Mladen Rakic  
qasd:

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 :

  1. Bollinger bands
  2. Standard error bands
  3. Keltner channel
  4. Kalman filter with asymmetric bands

and so on and on and on ...

Sergey Golubev
Moderator
106029
Sergey Golubev  

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:

  • The basic of the MLQ4 language, including variables and data types, operations, conditional and loop operators, functions, classes and objects, event handlers and more.
  • Place, modify and close market and pending orders.
  • Add a stop loss and/or take profit price to an individual order, or to multiple orders.
  • Close orders individually or by order type.
  • Get a total of all currently opened orders.
  • Work with OHLC bar data and locate basic candlestick patterns.
  • Find the highest high and lowest low of recent bars.
  • Work with MetaTrader’s built-in indicators, as well as custom indicators.
  • Add a trailing stop or break even stop feature to an expert advisor.
  • Use money management and lot size verification techniques.
  • Add a flexible trading timer to an expert advisor.
  • Construct several types of trading systems, including trend, counter-trend and breakout systems.
  • Add alert, emails, sounds and other notifications.
  • Add and manipulate chart objects.
  • Read and write to CSV files.
  • Construct basic indicators, scripts and libraries.
  • Learn how to effective debug your programs, and use the Strategy Tester to test your strategies.

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.


Sergey Golubev
Moderator
106029
Sergey Golubev  

And just to remind about the following Freelance services:


Pipanovic
56
Pipanovic  
dave johnson:
Hi, With those settings the Kama lines change , upper is blue and lower is orange so it is a neutral signal and it goes sideways, then in some instances their both the same, Top line is HA High and bottom is HA Low, so depending were price is determines color change. If I missed a few flat zones it was late night, But generally the flat zone are when Parabolic dots and KAMA lines come together and when they open up its trending 

Hi Dave,

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.

Sergey Golubev
Moderator
106029
Sergey Golubev  

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". 

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