More info on the Center of Gravity indicator — The CoG indicator definitely appears to be a best fit polynomial regression curve. As far as I can tell, the parameter 'm' is the degree of the poly, i.e. -- m=1 is linear regression (straight ...

Platforms with an integrated Center of Gravity indi?

There are plenty of ATR-based indicators around. See my recent post here. I recall an ATR-based trailing stoploss being called a 'chandelier exit' by Chuck LeBeau some years back. Pipo, the TeamAphid folk were using BAT as a volatility-based ...

Nice indicator , nice profits , nice system

Looks like an ATR based indicator, more suited for trailing stop type exits than entries, IMHO. David

Nice indicator , nice profits , nice system

Skovjuul, It would seem that both Phil and Richard are profitable, by using mechanical and discretionary techniques, respectively. I would say that mechanical systems have the advantage that they can be objectively tested, and – as Phil points out – ...

Do I NEED a system?

Thanks, Opie. The arrows are the cross of Bob's blue and yellow MAs, hence they don't repaint. But the CoG curve does! Upon closer examination, I believe the CoG is some kind of polynomial regression fit. Basically the same as the linear regression ...

Platforms with an integrated Center of Gravity indi?

Bob, I realize that your post is around 2 months old, hence you might not read this. But I just wanted to say that I think youy've got a sound method for entering trend pullbacks here: 1. Slope of the white line = direction and strength of major ...

Platforms with an integrated Center of Gravity indi?

Jyett77, some of my thoughts on systems and performance metrics here, if you're interested. I'm afraid I must agree with Phil, anything with a PF > 2 makes me query the statistical validity of the result. With a PF > 5 you could compound your gains ...

New Expert Advisor PROFIT FACTOR 19.39

Ronald, I don't disagree, but I prefer Profit Factor to ROI, because it takes MM out of the equation. For example, Trader A's annual ROI is 100%, B's is 50%. But A is risking 5% of his capital on each trade, B only 2%. I would argue that B's system ...

New Expert Advisor PROFIT FACTOR 19.39

Phil - I'm just curious - what do you see as being wrong with MetaTrader? Thanks, David

New Expert Advisor PROFIT FACTOR 19.39

Hi Larry, 1. Download and copy the files into folder c:\program files\<mt4 broker name>\experts\indicators (different brokers use a different folder name; for example, mine is: c:\program files\MetaTrader - Alpari UK\experts\indicators) 2. Restart ...

Customizable Daily Pivot Point with mid-levels

Third party enhancements to Plot_News — I've added a note (in green typeface) to post #1 of the thread: David

FFcal - Plot News indicator

Topforex, see my post here No offense, but you could have saved yourself time waiting for a reply by simply using looking in the "Similar Threads" area below. There's a link to my post there, that's how I found it just now. David

how to use waddah attar ?

MM8, all I did was go to both www.forex-tsd.com and www.mql4.com (the home of MQL4) and type 'ATR' into their search engines. Then I gathered up any suitable looking indicators on the pages there into a ZIP file. Anybody can do that. David

What's the formula for this indicator?

MM8, try some of the attached. Hope you find what you're looking for. Good luck, David

What's the formula for this indicator?

Fxstu, I'm continuing to test my breakout method. Thanks for the warning. Re SWEF, I'm going to do my own visual back-testing. I just want to satisfy myself that SWEF collects enough pips on winning trades, to overcome any losses (i.e. whenever the ...

Swef System

Henrik, by "strange" I mean that the right side of the equity curve is very different from the rest of it. See my annotation in the attachment below. I would want to know why the system has performed well for a while, and then suffered a ...

Trust backtesting ?

DC, here is a link to the book written by the lead programmer that developed MQL4: url The other links near the top of the page (Documentation, Codebase, Articles, Forum) provide good info also. The link provided by ckowyong ( url ) is likewise ...

where to learn the scripting language?

Henrik, see my recent post here: url Hope you find it helpful. Re your equity plot, the RHS bears no resemblance to the majority of the curve. Looks very strange to me! I would definitely want to know what caused this, before considering to trade ...

Trust backtesting ?

Todd, I don't know how it works, but if you change to a line (instead of a bar/candle) chart, it appears that the S/R points are projected from candle closes rather than highs/lows. Increasing the lineIndex parameter seems to progressively remove ...

support resistance indicator

Attached is another SR indicator. The concept is clever enough, but for the end result to be useful, you must select the parameters carefully for each chart situation. David

support resistance indicator