So my friend doesn't know mql4 which i have to write the indicator in soooo ... Im learning mql4. frustrating shiznip
indicator was finished loaded it into custom indicators in demo account... Ran one test made 10% off first trade.... Still need to so some smoothing and a couple of revision but overall... Seems like Indicator MACD-R2 matches MACD-R2 from trials... will back test tonight and match results from indicator vrs. macd-r2 Also will be modifying formula and rebuilding so i can test ind. M-MACD-r2 VRS ind. MACD-r2
Finished Revisions and smoothed also changed format to histogram with predrawn buy sell lines looking to add probabilities of hitting targets at exit points onto indicator lines first round tests show between .5% and 3.5% ... 97% accuracy with 5% gain per trade so it matches tested rates earlier i also modified the formula a bit to improve accuracy and to be more viable in FX market ended up with around 1% more accuracy but amount of trades increased significantly. Lookin good in backtesting in FX My goal at this point is to forward test this in demo account just as how its suppose to be traded in the FX market and record my failures/successes.
attached picture of indicator check it out <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2163159 width=800>
Wow I read that 17 page .pdf and it didn't even give the formula. Can you post the formula so I can program it into SierraChart?
The formula is really the same it's the entries and exits that make it different. Thats what you have to code.