Scalp to freedom 10-20 pips a trade...guaranteed? - page 37

camisa
587
camisa  
chosenhan:
Hi,

I just upload a printscreen of the trade.

Will i be able to do a reliable backtest base on this signal?

I would like to know if the indicators will change back to blue boxes after the candle closes. (repaint)

i am using FX_Freedom_Bar_xMODE_MTF.mq4

Thanks

Regards,

Hans

it will repaint cause Forex Freedom Bars is an MTF indicator; it has 5m, 15m, 30m and 1H TFs so 1H TF for example will repaint until 1H bar close etc.

chosenhan
5
chosenhan  

does that mean 5m(12 bars) 15m(4 bars) 30m(2 bars) will keep repainting red blue red blue until 1h bar closes? or just the 1h bar itself repaints?

if so, where can we determine the close of the 1 hour bar on the indicator?

meaning u cant backtest this indicator?

generousforex
371
generousforex  

All

All mtf indicators like forex freedom bars repaint because they are mtf...

all mtf indicators repaint because they are giving you

current position of longer time frames. So if those

time frames change later..the bar will adjust.

If they dont repaint they are not live, real mtf

indicators.

They dont keep changing..they only change if the

time frame they are showing changes... so if things

stay long, that block will always be blue. If things

change direction, then it will "repaint" to red.

This can occur anytime until the close of that

time frame it is showing.. ie the 1hr block

can change for up to 12 blocks back on the

5 minute chart. Again its not if it will change

in the future.. the idea is that at the time you

are watching conditions agree across time frames

for your trade.

MTF indicators in general are not good for

back testing as you do not know when the

colors were painted as they show when you

are looking... it will make it look too good.

It doesnt mean it isnt great...but backtesting

is ineffectual at best with mtf indicators...

but really forward testing is the only real

test for all indicators and systems.

If you are using them correctly.. they are great tools!

Brian

Linuxser
5921
Linuxser  
generousforex:
All mtf indicators like forex freedom bars repaint because they are mtf...

all mtf indicators repaint because they are giving you

current position of longer time frames. So if those

time frames change later..the bar will adjust.

If they dont repaint they are not live, real mtf

indicators.

They dont keep changing..they only change if the

time frame they are showing changes... so if things

stay long, that block will always be blue. If things

change direction, then it will "repaint" to red.

This is easy to fix. Recode it to work on bar close only. It will not repaint anymore .

mudar
133
mudar  

About the repaint question , I think the big deal here is to make money, so the right question is : does this indic and method still make money even if it repaint?

And the unique way to have and answer to this question is by building an appropriate EA, to leave it working and to see....

To recode the indic ? this one is too lucky to be logic, I thing somewhere and somehow, it is because it repaint (and because of the strange settings) and so on that it give so good signals...

just keep it like this and give it a real try.

Linuxser
5921
Linuxser  
mudar:

To recode the indic ? this one is too lucky to be logic, I thing somewhere and somehow, it is because it repaint (and because of the strange settings) and so on that it give so good signals...

just keep it like this and give it a real try.

Oh no. Just a simple mod in the code OF ANY mtf would avoid repaint. Problem is almost all indies are coded to loop on every tick. Coders just need to loop on bar close.

misbakhul
24
misbakhul  
Linuxser:
Oh no. Just a simple mod in the code OF ANY mtf would avoid repaint. Problem is almost all indies are coded to loop on every tick. Coders just need to loop on bar close.

Hi,can u give example to mod from every tick to bar close.Sorry for newbi question.

pock
60
pock  

hi

I tests almost from the monday forex freedom

in a setting

TF 5,cci 2

TF 15,cci 2

TF 30,cci 2

TF 30,cci 2

I made a list almost all signals BEFORE repaint

results are... not good :]

some average results, gave these setting

with the rule...

four red ---> BUY

four blue --> SELL

and SL ~40,43,50

but this is already the different tale :]

from this what writes on first post....

-----

using of MACD as filter is poor idea

because the whole work does MACD !

equally good can use alone MACD

maybe someone will add DetailedStatement... ?

fxbs
3203
fxbs  
Linuxser:
This is easy to fix. Recode it to work on bar close only. ..... .

but then - you respectively 1H behind; 4h, one day behind; scalping and waiting until four hour close .... pisses off all daytraders (they don't like H4 : ))))) ) pretty much same with use open prices

... plus coders wouldn't like to do it - always some jackas would jump-in and: "oh but yours is slow - another one faster (remember like with solar wind)? : )))))))))

there is no solution yet to backtest any ind. (mtf or not) in-between close-close;

fxbs
3203
fxbs  
Linuxser:
Oh no. Just a simple mod in the code OF ANY mtf would avoid repaint. Problem is almost all indies are coded to loop on every tick. Coders just need to loop on bar close.

1. not repaint - changing values on open bar

2. Linux, don't do that (check post above) - let somebody else to do it (and to enjoy all the complaints, blames and criticism) : )))))))))))))))))