SijjiN wrote: Fri Jan 12, 2024 5:44 am
Guys,
Once again, hope you can see how fast you can destroy your account!
Tested, and no thanks, does not matter what numbers you chose, this will completely wreck your Trading account!!
Peace!
Please see example GIF file!
A couple of things I'm noticing as I replay this GIF image:
- The major signal we see at the start of the chart (i.e. the swing low) triggers a maximum value of 0.0126 on the indicator
- With the first new low being painted, we see the indicator go to 0.0281 and then 0.0624 before going back down to 0.0281. And then with the second low we see the indicator go to 0.1388 and then 0.3084 and then 1.5228
- Notice how the green X's keep accumulating right on the yellow line as the chart progresses over time. This should not be happening and makes it appear as if every single candle triggered a low (buy) alert. The end result is that you have more than half the chart filled with the green X's and making it appear as if the entire region was a major low.
The major problem I see with this indicator is that it's not clear until looking back in time what y-axis values should be considered a legitimate signal. Every initial signal we see appears to be eventually dwarfed by the signal that comes after it.
A possible solution would be to define a strict c-value, do some backtesting on the charts and then define a y-axis value below which a signal is not considered valid even when a green X appears and the indicator value exceeds the value of the yellow moving average.
Alternatively, the indicator should be modified to make the value of the yellow moving average adjustable. This would also lead to fewer yet more accurate signals. Guner, would this second option be possible?
guner wrote: Fri Jan 12, 2024 5:49 am
if you check the 5m-15m chart you can see the top point.before down.
so you need the full version.
demo is not enough.
Guner, I'm not sure I understand what you're saying here.
What do you mean when you say "if you check the 5m-15m chart you can see the top point.before down"? Does he have to look at the M30 chart as shown on his graph, zoom down to the M5/M15 timeframe, and then confirm the signal that way?
And why is the demo version not sufficient enough for SijjiN, myself, or any other member here to evaluate the merits of your indicator? What does the full version provide that the demo currently does not?
One final note: While I recognize we all come to this forum from different countries and speak different languages, your broken English often gets lost in translation and it's difficult to know exactly what you are attempting to communicate with us.
Is there any way you could write your sentences more clearly? It would be very helpful for yourself and everyone here.
