Hello surf... They say anything can be automated...the closest I have ever come to automation was audible alerts...I have been a manual trader, thus far... Michael B.
it would be cool if an et programer, like murray R., could step in and throw some code together for you. you may want to ask FXauto or bulldog--- they may be able to put something together. good luck!
One of your exits is Limit 2*ATR of the secondary. I've also read that the Demarker takes you out of a trade, how so?
Well..it is discretionary...if i am long for example and the demarker hits a short signal and i have some profit, but not all of it...i might take the trade off...because i know the Demarker is going to bring it away from my target and the time in the trade will be extended...i do not have a rule for this...but i am open to one...
Let me get this straight - from what I've seen the demarker will keep pushing and pushing in a direction or other - mimicking the RSI, albeit with a lag, and the signal under those circumstances is actually the opposite to the formula given here. > 0.95 actually happens at the beginning of a push higher most of the time, BUT when the daily CR turns the other way, then that push signifies a bridge too far and then and then alone is the trade entered. Right? If that be the case, then an EA can sit and watch the daily CR and update a global variable signifying direction and time of change. Perhaps this could all be done on one chart, but an EA on each of the 60, 30, 15, 5, whatever charts can update that chart's global variable when a signal is triggered, another EA can simply sit and watch the global variables and when they are all aligned on a particular symbol, execute a trade. The EAs would be as simple as pie if this logic was applicable, but if there are any programmers out there who could help me with this, then I could knock up a test quite quickly ... I've been using the ang_PR (Din)-v1+SQStdN.mq4 as the CR in my studies of this, it seems to function like the CR (as long as my calculation of how many hours to put in is applicable - ie. work out how many bars/hour and calculate how many hours will give you 300 bars?). Anyhow, the indicator returns zero -> if it could be changed to return the direction it is moving in, then the daily EA could flag a change which would be the signal for alignment to take place and would give one an extremely virgin arch (which will probably need confirmation). Can someone look at the indicator code and tell me what logic can be applied to signify the direction? Also, can we have agreement that this logic is actually logical... thanks.
A 10 period Demarker on the 5 minute chart on a 0.85 breach usually is exhaustion...and heads down...vice versa for 0.95...
A 10 period Demarker on the 5 minute chart on a 0.95 breach usually is exhaustion...and heads down...vice versa for 0.05... but in the longer term view..in fact it could be pushing higher...there seem to be pull backs in micro trends which really was the purpose...so the Demarker would identify opportunities for entry in the micro-sense..in the longer term direction...
I must be looking at a different chart to you - there are plenty of >0.95 breaches on the attached chart, while the price is moving strongly upward...