any indicator has its good moments
but unfortunatly, every one also has its bad moments
and the bad take away all the good and them some
without some sort of hedge, or brilliant ideah
every indy together wont help
if it were realy that simple, wed all be rich
filtering or fine tuning the entries is a double edge sword
the bottom line, it doesnt matter which indicator you use
its how you use it
a few ma's are great
parabolic sar does ok for entry and exit
but there always comes a time that its gets caught in a bad way
going up 100 pips, touching psar, just to go back to the other side
all indicators have these problems
the problem is, not only does the market range, it ranges in every size
no matter which combo of indies, theres a point where ur system says
ok were ranging, or ok were trending
but if your system thinks your ranging in a trend, you lose
and vice versa
theres always a certain size range thatl get ya
but its not all gloom
it is possible to beat it
but dont think u aint gonna work ur ass off
just never give up, when u get good enough to code any crazy ideah u can imagine
youl find it
but unfortunatly, every one also has its bad moments
and the bad take away all the good and them some
without some sort of hedge, or brilliant ideah
every indy together wont help
if it were realy that simple, wed all be rich
filtering or fine tuning the entries is a double edge sword
the bottom line, it doesnt matter which indicator you use
its how you use it
a few ma's are great
parabolic sar does ok for entry and exit
but there always comes a time that its gets caught in a bad way
going up 100 pips, touching psar, just to go back to the other side
all indicators have these problems
the problem is, not only does the market range, it ranges in every size
no matter which combo of indies, theres a point where ur system says
ok were ranging, or ok were trending
but if your system thinks your ranging in a trend, you lose
and vice versa
theres always a certain size range thatl get ya
but its not all gloom
it is possible to beat it
but dont think u aint gonna work ur ass off
just never give up, when u get good enough to code any crazy ideah u can imagine
youl find it
DislikedI've been trying to develop a PSAR based EA for a few weeks now. Objectives include the ability to stay in the market (or at least "ON") 24/7. The approach here is to set this up then layer items like the ADX to fine tune the entries & exits. Unfortunately, my coding skills aren't up to snuff.
I have set up single direction EA's ... either long or short, but have not yet succeeded in combining them. Anybody want to take a shot at this?
Side comment to Trendchaser. I've just found your thread and am starting to review ... you may like this one. Simple in theory but (I think) very profitable in application. Let me know if you have the time & I'll send the single direction setups to you.Ignored