Yes but if you were looking for pullbacks, you would use the other side of the Demarker...What did the CR say the direction was, on the daily...and which confirming CR was used for secondary confirmation? The shorter the time frame is on the secondary, the tighter the target and the greater the bet size.
that was entirely my point - had you read my first post you would've seen that! I'm trying to help automate this system and my first piece of logic is that the CR has to be curving the other way first, before we start looking at the demarker. That may be the opposite way round to the way you trade, but I believe that would be the starting point for an automation of this system and I'm simply trying to confirm that and get some advice on how to change the indicator code to identify the change in direction.
excuse me..i did not understand. ooops. I use the method backwards and manually look for signals from the Demarker first as I glance at the charts off and on each day...I am "event driven"...and not on a "need to know" basis... now automation is another thing...it is logic driven and the filtering down of complex to simple, needs to be organized in an effective, "filter-driven" way. At the beginning of the chain, the event (whatever that may be) needs to be identified and for stage two of the automation to take over... Each stage eliminates possibilities ...sorta like the sculpterist revealing what is underneath... Question: if you have 10 apples..two of them green and the rest of them red...and this represents the average batch and occurs most often...would you eliminate the red apples first...or simply ID the green ones...which way is more logical in a chain of codes all relating to one another. which approach is most efficient and faster? DoNotHaveAClueSavant
I have noticed, what may seem to be the "obvious", about this new combined, CR and Fib based indicator, to some... The tighter the bands, the more narrow the ATR has been... The wider the bands the wider the ATR has been... would this be correct? Michael B. P.S. these scaling issues and changing them are presenting a problem for me visually..
Also I am trying to observe and determine if: When price trades in the bands...and not outside the bands...is one "condition" better than the other? or do we simply need more bands? or... is there a "tuning' necessary to get price to be between all the bands (or in other words, to get the bands wide enough or more narrow to capture all of the past price action) ...so that when looking at the "right edge" there can be an interpretation? This tuning which would be 'individual' to each instrument and its ATR if I understand regression, fibonacci and deviation correctly...could it effect the shape of the arch and use the "now" to be more accurate visually? Please consider what I am asking...this could really be special to be able to answer these questions...IMHO I think this is what fifo may have been eluding to earlier and I am now able to receive. Michael B. P.S. assuming there is a 'tuning" necessary, how would i do this from an easy and user friendly interface or menu system...within the indicator in MT4...All I noticed was an ability to change the color of the lines...? P.P.S. Also we need a user definable start point...using a date format or a numerical representation thereof...in other words a # of periods that may or may not lock onto a start point..i believe regression always locks to a beginning and does not hopscotch forward dropping the first and adding the last...however this could be an option or a check box......
When it comes to automating a system, rather than using logic to work one's way through the variables, one would simplify, by breaking down the problem into smaller problems and have a simple quantifiable elimination process, in a simple tree of nested logic. One would start with the final determination/factor and work backwards from there - sort of coarsest granularity to finer and finer. Given that as an approach, my logic would be to eliminate the daily trigger first, then the 60, then the 30, then the 5 - all we have to do is wait for alignment - ie. all of them to have triggered, with simple rules around the order in which they can trigger - a 5 minute is meaningless until a 15 minute has triggered, etc. ...
This project could reveal a method and a convienient, user definable interface for a trader to download... but... it is up to the coders/programmers, if they wish to contribute... ..as this is not a commercial project and there should be 'no strings attached' and no hint of vending attempted..directly or indirectly.. AperfectWorldSavant P.S. zip file attachment do work in ET, but there are size constraints...
I suggest we all get on the same page and work with this new indicator in MT4.. for those of you that are newcomers...please view the downloads a few pages back... I do not even have FXCM up anymore... Michael B. P.S. This is perfectly available to trade ...manually...and attempts at backtesting, automation and optimizing are being discussed at this section/juncture of this thread...do not let this sway you manual & discetionary traders!....Stay tuned ...live manual trading to follow in the planned "golden arches" thread...Advanaced traders, I hope that the discussion is also holding your interest and taking you to places to ponder and receive...Also manual traders, you may find that the arches can help you to determine/confirm trend and its heat thereof in your own methods ...now in many timeframes...
Interesting read, looks like trading channels. The problem with channels are that they repaint. If I was to trade this, I would do everything that is unconventional. Large stoploss, small targets. Average down if losing. Trade selected pairs unidirectional only. I figure you can't have the cake and eat it too.