That is the easy bit. All a coder needs to do is code so that a trendline is only drawn when x Fractals are all higher than each other. Suppose x = 5, then the indi would look back through the swings, and draw, say, a downtrend line when if has found five fractals of increasing height. There might be lots of intervening fractals that are lower, but those would be ignored.tex wrote:Hey Steve,
I think unless we find an indicator which draws the same trendlines for all of us ( something like http://www.truetl.com/) , we are unable to learn from each other and furthermore we are unable to compare our trades with this system, because everyone of us will draw some other trend lines.
I could code that, and indi code usually baffles me. Whether it would draw the trendlines than another experienced trader would draw is a different matter.
Coincidentally, one of our members and I are working on an ea that draws the lines in exactly the same way as the De Mark indi, then trades the break of either. It is one he has paid me for, but wants to share it once we have finalised the details.
Bernard's EA has Slope built in, although it is not part of his trading strategy (Slope is omnipresent these days
). It would be simple to extend this as I described earlier and then to combine it with our little helper code.I initially thought that SAFT cannot be fully automated because of the need for drawing a trendline on the OBV indi as well, and Fractals cannot be added to this. After thinking about it, I realise that this is actually possible by using the Time[x] points of the trendline.
Incidentally, any of you guys have the code to read which window is hosting the OBV indi? It will save me some time and screaming if I do not have to dig it out for myself.
So, automation of SAFT is possible. Whether it would be profitable is another matter. First thing to do is to make sure the little helper is bug-free.
I certainly wish you all much success!!!