Catching a reversal or correction - page 7
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No, fractals don't redraw. The other thing is that they're being sculpted by the machine wherever they go.
Everything has already been invented before us... :)), nen rules.
MultiZigZag and its variants.
Has anyone seen a fractal indicator with a customizable number of bars? No gimmicks, just customisation.
..very gut! Thank you very much :o)
Not that it helped, but it should have been built into the MT with such functions, because the one with the standard set is to put it mildly .... But here are two adjustable fractal indicators on the same chart.
Yellow to blue 10/10 bars and red to green 3/3 bars. For example: pound n1, after the "higher" fractal (yellow or green) we expect the configuration of a "lower" fractal (red or green). What are your thoughts? In the tester it seems to be edible...
I'm currently thinking about one thing... purely coincidentally I also call it extremum catching for myself... Anyway, it's just a crude idea, I don't know how to make it more or less effective. So, let's look at the d1 timeframe. We see that the vast majority of candlesticks on the EUR are over 100 pips, in fact even more, but let's take 100 pips for a round number. In other words, there is a strong possibility that the price may go through 100 points in one day, almost every day, just from which point and in which direction. ( :-) ) Suppose 1/3 of all days of the year will be downwards, 1/3 from above downwards, 1/3 flat (i.e. either up then down, or down then up). Not really, of course, but that's for rounding too, sorry for such rough assumptions. Let's take only buying (for example, if weekly trend is up). And we buy the whole year on the minute chart according to this scheme. Downward movement - then a breakdown of the previous local maximum on the 1-minute chart, buy, the nearest stop-loss (even if it is 7-10 points), TP=100 points, switch to Buy at the first opportunity, don't wait for Sat, or Buy or TP; after TP the working day is over, after that we wait for the next breakdown of the one-minute maximum and buy again and again, and so on. I tried this for a couple of weeks with breaks in my cent account, I expected a very large amount of sl as every buy is essentially against the move, but to my surprise I stayed in the plus. I don't know, maybe it's a good idea, maybe it's a bad one. I do not like breakout of 1-minute extrema - a lot of false positives. We may try to break through the trend line on a minute extremum - it will not reduce the number of false entries, but it will reduce the value of each separate stop loss (maybe, maybe not). I don't like moving to the Boo, the price goes back just enough to hit the Boo, then goes up again and I have to move in again but at a less favourable price. However, absence of transfer to Boo will lead to too many stoplosses and total loss.
P.S. Naturally, this whole idea is based on the unpleasant thought that the market is chaotic and unpredictable, and that trends only exist in history.) Something like a casino game. I am going to try something like this for now.
What do you think? I am going to try some more. Maybe somebody is trading and making profit? Please otpishete. Thank you in advance for your critics.