Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
|
Lesson 2 has been recorded I will edit it tomorrow and post the link when ready.
We will talk about the Reference function and the "what to look for when your formula looks too good" :wink:
Also a quick look at the sum function but I will go over this one again I might loose some of you on that one.
We will also cover the MACD() function and explain how to use the cross function versus a greather than statement.
This lesson is a little longer 30 minutes I believe, this is to compensate for the fact that I don't sound very happy :mrgreen:
Patrick
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
|
|
|
|
|
|
|
Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/9/2005(UTC)
Posts: 8
|
hi
how are you patric
this is for you
day trading system
macd+rsi+stoch+candle+fibo+adx+obv+bb+elliot
what is your opinion
i am waiting :)
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
Was thanked: 2 time(s) in 2 post(s)
|
Patrick, The use of Forward Ref
Ref(Mov(C,5,S),5) will not plot on the price chart until the forward Ref data is in place.
It will plot on past data up to the 5th most recent bar, but again it needs 5 forward bars of data to catch up.
Since you can't predict the market, today or tommorow,forward ref indicators are useless in trading.
Compare the following 3 lines of code
Ref(Mov(C,5,S),5);
Mov(C,5,S);
Ref(Mov(C,5,S),-5);
You will see that only the last 2 lines will plot on the last bar,
The first line will be plotted 4 lines back
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
|
Not if you are backtesting it :wink:
Hence my warning ...
Patrick
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
|
Let me elaborate on my reply above ...
When you look at an expert you check all the signals you see on the chart to decide wether signals in the past were good. If you are using a ref in the future in your formula you will think that the expert is good but it is in fact invalid.
Now what henry says is valid, "the last" signals will never be plotted since you are missing the "future" data but when you backtest such or formula or look at the past signals you will get results that usually look good and that is very misleading.
Now let me ask you this ,henry and anybody else who is pretty good at formulae writing ...
How often have used a forward refence in your formula?
My answer is NEVER and that's what I was trying to explain in the training video.
If your answer is different and you don't think I'm right please let me know how, when and why you would use a forward ref ...
Excluding some weird stuff that is not actually applicable or usuable as a system for real trading
Patrick :mrgreen:
|
|
|
|
|
|
Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/9/2005(UTC)
Posts: 8
|
thank you for macd
can you explain the ellit wave code by jos silva
thank you
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
Was thanked: 2 time(s) in 2 post(s)
|
I suppose a forward Ref could be used to help in determining CYCLES, but thats as far as I'm willing to use it.
You trade from the hard right edge of a chart, the last bar formed is the "signal bar" of any new position
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
|
Quote: can you explain the ellit wave code by jos silva
What's that 8-[
I will go over these and some basic functions such as Min,Max,HHV,LLV ...
Patrick :mrgreen:
PS : I apologize for the wait :D
|
|
|
|
|
|
Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/19/2007(UTC)
Posts: 2
|
thank you so much, I'm a beginner, so these material would be great help for me, most important of all. I won't be missled. thank you again!
|
|
|
|
|
|
Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 4/23/2005(UTC)
Posts: 12
|
something weird is happening. I just can't see any of the videos in this forum.
I've download macromedia shockwave but nothing happened, still can't see the videos
Can anyone help me to find a solution for this problem?
thank you
|
|
|
|
|
|
| Users browsing this topic |
|
Guest (Hidden)
|
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
