Trend Magic EA - page 2
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Fisher Indicator
I think the fisher indicator does not re-paint.
Could you make an EA using fisher indicator?
Logic:
Open 1 trade at a time
THE BUY:
Buy Level: 0.0001 or above
Exit Buy Level: 1.5000
Stop Loss: 100 pips <Should never get hit due to Close Buy Order
Close Buy Order: -0.0010
Trailing Stop Loss: 20 pips
THE CLOSE
Sell Level: 0.0001 or below
Exit Sell Level: 1.5000
Stop Loss: 100 pips <Should never get hit due to Close Sell Order
Close Sell Order: 0.0010
Trailing Stop Loss: 20 pips
I have attached the fisher indicator.
Don't worry, fisher REPAINTS also
New fisher indicator which doesnt repaint
This indicator I have attached doesnt repaint, compare this indicator with the first one I have posted. This indicator shows the uptrend 1-2 bars before the first one.
You can make an EA with this one, please try it and let me know the results.
Spirit of Fisher haunting from the grave again.İt is everywhere nowadays.
As per Tudor Girl on FF: "Trendmagic is dead simple. It just calculates a (by default) 50-bar CCI and looks to see if it is above/below zero. Then it adds or subtracts a (by default) 5-bar ATR. That's all!! But it works really well."
How could this repaint?
I've attached a couple of indicators that do almost exactly the same job - they assess trends.
If someone could have a look at them and see if a cross of those trendlines is possible then I believe this is the sound basis of at least an alert or possibly an EA.
You can PM me if you need anything furhter.
Regards
TEAMTRADER
You have no clue what repainting means.
Once the candle is closed the color is fixed. No repainting.
Don't worry it REPAINTS badly