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156
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Everything posted by 156
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Thanks for the replies guys I guess I will be working more towards signal confirmations and sorting the "better" signals from the worse ones, determining trend strength and trailing stops... maybe it is my psychology but it really affects me bad when I allow a winning trade to go a loser, so I am on reading
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Here are the indicators for meta trader 4 one has some bugs fixed I think, though not sure what they are, another thing is I wanted to ask if this is the proper way the indicators should work - the white bar is actually colored white after 3 more bars close? Is this normal, or part of the strategy? Please see the attached video (sorry for the trial watermark, I haven't purchased the software) Thank you! EDIT: Sorry but it seems I cannot attach .ex4 files unfortunately so I will just post the link to the forex-tsd thread where you can download them, thanks! http://www.forex-tsd.com/general-discussion/2339-scalp-indicator-needed.html
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well it can be an indicator but I think a formula could work also, though you will constantly need to search for data to use a formula.. here is how the indicator should work ( I attach the screen shot) and also I searched on google and found some codes but I don't understand anything of coding .. here it is : --------------------- // ROAR Version 1.0 Period=52; X=Close; LinReg=( Period * Sum( Cum( 1 ) * X,Period ) - Sum( Cum( 1 ),Period) * Sum( X,Period) ) / (Period * Sum(Cum( 1 )^2,Period ) - Sum( Cum( 1 ),Period )^2 ) * Cum( 1 ) + (MA(X,Period) - MA( Cum(1 ),Period) * (Period * Sum( Cum( 1 ) * X,Period) - Sum( Cum( 1 ),Period ) * Sum( X,Period) ) / (Period * Sum( Cum(1 )^2 ,Period) - Sum( Cum( 1 ),Period )^2 ) ); Graph1 = 200*(LinReg-Ref(LinReg,-26))/C; // RAOR Version 2.0 TimeFrameSet(inWeekly); RAOR = LinearReg((C-Ref(C,-26))/C*200,4); Plot(raor,"RAOR",colorBlack,0); --------------------- and here is another one: // ROAR Enter = 30; // Make it whatever you want Cutoff = 20; roar = int(5200*(LinRegSlope(C, 26)/LinearReg(C,26))); roar30 = int(LinearReg(roar, 5)); for (nCntr=0; nCntr<BarCount; nCntr++) { if (roar[nCntr] >= Enter AND roar30[nCntr] >= Enter) roar[nCntr] = roar30[nCntr]; else if (roar[nCntr] <cutoff> 0) roar[nCntr] = 0; else if (roar[nCntr] <= -Enter AND roar30[nCntr] <= -Enter) roar[nCntr] = roar30[nCntr]; else if (roar[nCntr] > -Cutoff AND roar[nCntr] < 0) roar[nCntr] = 0; } Plot(roar, "ROAR", colorBlack, 1); Plot(Cutoff, "Cutoff", colorRed, 1); Plot(-Cutoff, "Cuttoff", colorRed, 1); what do you think? Thank you!
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How is live testing going on this ? by the way nobody posted a link to the actual product .. I just saw the attached pictures, sorry for the dumb question...
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Hello, I have been reading a book and I read about the Rate of Annual Return, unfortunately I couldn't find the indicator...it looks interesting. Here is a quote from the book: The ‘Rate of Annual Return’ Indicator The ‘Rate of Annual Return’ (ROAR) indicator is used to calculate the annual rate of returnof a share given its current rate of climb or fall. It achieves this by calculating the annual increase in price activity and then dividing it by the current share price. The result is thenmultiplied by 100 to convert it to a percentage. Example • Lets assume that a share is climbing at a rate of $2 per year. • The current price of the share is $5. • The ‘Rate of Annual Return’ would be 0.4 ($2 divided by $5). • Converting this to a percentage we get 0.4 x 100 = 40%.
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Thanks!
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Hello, I have been paper trading for quite some time now and I have tested many strategies, some proved worthless some were good to an extent, I took a the pieces from the ones I liked and put them together - took me a lot of time to create a system that ... here is the catch - almost works I miss one thing and I could use some help. I average 8 out of 10 "correct" trades... but what I have in mind is that I am in the correct market direction 8 out of 10 times, but this is different than 8 successful trades... my problem is with the right exit - usually there are 2 scenarios - either I close 8 trades in profit and earn lets say 100$, I lose 200$ in the other 2 losing trades...or the most nasty one - not closing these profitable trades and letting them turn into losers..... So I lack something - timing (which is not good) or a piece to my strategy ... please feel free to comment, suggest anything - articles and books to read I appreciate any help and thank you in advance Happy trading!
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Yes that was what I had in mind, thanks, I am glad to hear that it doesn't repaints... no offence the indicator looks very good and I had to make sure because I have wasted a lot of time testing indicators that look flawless but when you run them live ... they fail miserably, Nice indicator then!
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Hi there, I recently found your website and I have been reading like crazy, I have been a member of a lot of forums about trading but none seems to have this infinite knowledge flowing from every thread... I hope you will welcome a little younger trader - I am 20 .. I am happy I found this place and besides the endless information I hope I can find good friends ( if anyone is bored waiting for a good set up to trade it would be my pleasure to chat about just everything) .. well that's basically me Thanks
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I use metatrader to look at charts. I mainly look at kospi and hangseng. Just wanted to mention that. I don't know how effective that is having in mind I am paper trading... anyways I am here to learn, I like the big volume, it looks more interesting than other markets, thanks!
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Does this indicator change color? I mean like certain other indicators - the ones that shoud a red bar, the red bar closes and but if the trend goes the other way it changes that closed bars' color ... you know what I mean? Thank you!
