How to Start with Metatrader 5. How to Start With MetATRader 5? - General

[Deleted] 2013.12.16 00:40 #281

newdigital:

Just the example of trading on close bar.

Do you see sell signal here? :

New bar is open ... do you see this signal on close bar? not ... so - we do not open sell trade on this signal. Because bar was closed without signal:

what this sistem indicator?

Sergey Golubev 2013.12.16 05:52 #282

You mean - those posts?

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How to Start with Metatrader 5

newdigital, 2013.01.11 15:32

Just some more explanation:

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How to Start with Metatrader 5

newdigital, 2013.01.11 15:38

Some people say: "this/that indicator is repainting, it is bad indicator because of that".

Well .... which bar? on bar #0?
bar #0 is open bar and this bar is not finished yet.
This bar is continuing painting together with indicator. On the same way as today's day did not finish yet.
if indicator is changing value/color on bar #1 (close bar) so yes, in this case - indicator is repainting.

There is the other trading term: trading on close bar.
You know that almost all the systems in forex (except some scalping by ticks etc) are traded on close bar.
What does it mean "trading on close bar"?

Well ... look at previous image: we waited for the bar with signal to be close, new bar is open. In this case - bar with signal is close bar (or bar #1), and new open bar is bar #0, right?
So, if we still see the signal on bar #1 - we can open buy trade.
It means - trading on close bar.
Because most of the indicators will not repaint on close bar. It means - close bar is closed one, it was finsihed painting together with indicator, and indicator must not change the value on this bar. So, we are waiting when this bar with the signal will be finished/closed, and we can open the trade on new/open/zero bar.

There are some exceptional cases but it is the other story.

That's all news for today.

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newdigital, 2013.01.11 16:03

Just the example of trading on close bar.

Do you see sell signal here? :

New bar is open ... do you see this signal on close bar? not ... so - we do not open sell trade on this signal. Because bar was closed without signal:

Repainting Articles Trading Systems Based on Well working Trading System

Sergey Golubev 2013.12.16 05:53 #283

This is PriceChannel Parabolic system

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PriceChannel Parabolic system

newdigital, 2013.03.22 14:04

PriceChannel Parabolic system

PriceChannel Parabolic system basic edition

indicators and template to download for black background (first post of this thread)
PriceChannel indicator is on CodeBase here, same for white background, how to install
Clock indicator to be used with this trading system - Indicator displays three variants of time in the chart: local, server and GMT