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jeex
02 Dec 2013, 23:17
( Updated at: 21 Dec 2023, 09:20 )
New tiny indicator
In that case I just made a new very tiny indicator. I don't know yet how significant this can be in candle analyses (or price action analyses), but it tells us where the weight of all the ticks within one candle is. Maybe it's completely usesless, but this is information that is not shown in a single Japanese candle.
So where in the candle dit most of the ticks take place and how balanced are Ask and Bid ticks? See the image below. The dots are based on the simple average of all the ticks, but could also be based on the weighed or exponential average.
In a way it shows the resume of the smaller time frames within the candle. If dots are far apart, there was more turmoil. If dots are on the Open-side of the candle, then prize chanched recently towards Close. You could use these dots as a dimmer for the OnTick method, so one extreme tick will not be enough to open or close a trade for example.
@jeex
jeex
02 Dec 2013, 11:54
( Updated at: 21 Dec 2023, 09:20 )
Results, what a surprise...
Not surprising that life can't be this simple. The results with:
- Zero Spread!
- Zero Commission!
- 5 pips SL and TP
With higher SL and TP it got even worse. As sometimes there are over 5 trades losing, so martingale is out of the question. A better Exit strategy might make the results better. But the most important problems as always with these MacDonalds strategies are:
- the big spikes have already occured when the robot steps in
- there are many trade moments within the algo, where the human eye would know better
EURUSD
GBPJPY
@jeex
jeex
26 Nov 2013, 23:42
But don't put your money on it.
The Golden Dragon is in backtesting a nice scalper, because it has a real and unique method. it doesn't just order and hedge "hoping for the best and Martingale the rest"... But like all other robots: keep tweeking and guarding as money does not fall out of the sky.
@jeex
jeex
03 Dec 2013, 14:06
Candle data: Ask, Bid or both?
Spotware said:
LOL. Thanks. Installed English in my browser, hope it works.
Q: is the candle made of the Bid price, the Ask price or a combi?
@jeex