This will be my only answer to this, so do not ask for more information. I am replying only because I ignored your pm to me earlier in the week because I so not see why I should waste time handing out info to one person instead of lots of people.mrithuns » Wed Feb 10, 2016 7:56 pm wrote:Hi Guys,
I find it hard to interpret the signals on the NZDUSD 1H. To an extent, Signals are on the opposite side.
Entries on the RangeEndHigh would have stopped out and 2nd RangeEnd Low Stops out and TrendBuy gives TP after 3 Bars. Is this correct, can any experts comment on this.
I use HGI17.0 (Hurst Off, 200MA Off).
This is really hard for people to grasp, and I have a limited amount of sympathy. Only limited mind, so stop being wet and pathetic.
HGI works in the here-and-now. It does not care what happened one tick ago. You take a trade based on an HGI signal, you take it on what HGI discovered at the tick that generated the signal.
That signal can disappear at the next tick. You will not know this because Bob wants the signal to remain on the chart - he trades this stuff live remember - so the HGI does not remove the signal. You want HGI to behave differently, then take it up with Bob. He is usually kinder then me, but do not rile him with arrant stupidy; you will not enjoy the experience.
Now, here is another bit of info that ought to be fucking obvious to anybody but the most stupid, but appears to elude your average dimwit. The only information a historical candle on our charts holds is this: open; high; low; close. Often described as OHLC.
Think about the myriad of information that historical candles do not contain. Ask yourself about anything. If it is not the OHLC then the candle knows nothing about it.
Then we move onto indicators. They hold no information at all. They work with the OHLC of the stored candle data.
So, you look back at those charts loaded with HGI and see those signals. They are the signals that would have been in place at the close of the candle. HGI might have created 40 signals during the course of the candle. You will only see the one left at the end of the candle. Bob traded the signals he saw at the time, opening and closing trades as the signals emerged.
Hells Bells, let's take Stochastic that so many people put so much faith in when looking back in time. Ye Gods only knows why - ignorance I suppose. The data that Stoch works with when looking back in history is the OHLC of the candles in the chart history. The damn thing might have screamed up and down like a homicidal elevator during the course of the candle, but at the end you will be left with value at a fixed point in time. You will not know what Stoch values were during the course of a candle.
Doesn't matter a flying fuck scalping the M1/5, but imagine trying to backtest the D1.
Oh, and all of this is before we start to discuss the irrelevance of the price at which the HGI signals are drawn on the chart. You think they have any relationship to the market at the time? Dream on.
Conclusion:
Stop pissing about looking back at historical charts and start using HGI as it is coded to be used - in the here and now.
You want something better, then here is how to achieve it:
- Spend nearly 10 years learning how to trade properly and develop trading systems that will benefit all but the most moronic. Like Bob did.
- Then spend another 10 years learning to code from scratch as an untrained coder. Like most of the rest of us did.
Or, you could take the more obvious route: do some reading; do some thinking; stop being a total tit.
Yes, I know this is a thread where total tits are supposed to be allowed to be total tits, but there are times when it is best to be cruel to be kind. This is one of them.
I am starting to wonder whether these beginners' threads are really doing anybody a favour. Maybe a sink-or-swim approach might be kinder. I need to think about this.
as well I would like to thank all who contribute conversation regarding HGI 
