Zypip wrote:Still think that you are heading off in the wrong direction when getting entries and exits based on TMA-related true indis. Entries/exits will work out in trending conditions but will be loosers when ranging.

NeoTrader wrote:Hi zypip,

Zypip wrote:Still think that you are heading off in the wrong direction when getting entries and exits based on TMA-related true indis. Entries/exits will work out in trending conditions but will be loosers when ranging. In your pic I see winners on the big down/up moves and loosers when mkt is going side ways. Better use Shelley for that, at least it does it basket-like so that if you get it wrong on one pair the others can buffer it.

Who said that i am looking for entry's and exits solely on this indis?

My primary goal is to analyze how these indis correlate with the market.
If it gives me more or better information on how to enter a trade its ok...if it helps me to see an trend develop or end earlier it is also ok...and if it helps me to exit a trade to a better time, this is also ok...and if not ... then this is also ok...

I think this currency strength indis are a very reliable tool to select tradeable pairs much better. if it can give me some more information that would be great...but like i said at this moment i just try to analyze what kind of further information i can get out of this indis.

Zypip wrote:Not trying to have an argument here, just my personnal thoughts. Anyway, good luck with your endavours Neo.

No problem...we are here to discuss and any constructive input is appreciated, especially if it helps us all to become better traders.

happy trading,

NeoTrader.

P.S. Baluda has a new versions of his indis in a new thread.
http://www.stevehopwoodforex.com/phpBB3 ... f=37&t=629
He has now an external parameter "ignoreFuture" on his slope indis that should avoid repainting...I will test and see what he has com up with.

garyfritz wrote:

Zypip wrote:Still think that you are heading off in the wrong direction when getting entries and exits based on TMA-related true indis. Entries/exits will work out in trending conditions but will be loosers when ranging.

I don't doubt there will be some losers in ranging periods, but overall the simple CSS approach seems to come out well ahead. Assuming zznbrm's indi is accurate for visual backtesting, the chart that Neo posted looks darn good. If you just go long when NZD > JPY and short when NZD < JPY, you'd pick up a lot of pips on that chart. Do that across a bunch of different pairs and I think you'd come out well ahead. Am I missing something?

• Currency tresholds added - When starting the EA it waits trading currencies until they have been ranging (>-0.3, <0.3). This prevents opening trades for currencies that are already fading in strength (or weakness).

Baluda wrote:New version, v1c, in post 1.

Baluda I.png

Changes:

• Currency tresholds added - When starting the EA it waits trading currencies until they have been ranging (>-0.3, <0.3). This prevents opening trades for currencies that are already fading in strength (or weakness).

This means that trades are always opened at the beginning of a trend.

Answering the 'Initialize all tresholds?' question with 'Yes' starts the EA like new, 'No' uses the saved tresholds.

Enjoy.

Paul

Baluda wrote:New version, v1c, in post 1.

Baluda I.png

Changes:

• Currency tresholds added - When starting the EA it waits trading currencies until they have been ranging (>-0.3, <0.3). This prevents opening trades for currencies that are already fading in strength (or weakness).

This means that trades are always opened at the beginning of a trend.

Answering the 'Initialize all tresholds?' question with 'Yes' starts the EA like new, 'No' uses the saved tresholds.

Enjoy.

Paul

Baluda wrote:Currency tresholds added - When starting the EA it waits trading currencies until they have been ranging (>-0.3, <0.3). This prevents opening trades for currencies that are already fading in strength (or weakness).

This means that trades are always opened at the beginning of a trend.