mrtools wrote: Wed Feb 16, 2022 5:43 am
Keltner Channel with all Averages Filers, Alerts & MTF
Added mtf, all the averages and alerts added a few posts above.
Finally, I managed to find some time to do my experiments with !!! keltner averages channel stop (mtf + alerts).ex4. I combined it with a lot of other indicators and the results varied (in backtesting & demo trading). The most interesting about these tests is the discovery that the best results were obtained when it was combined with... itself!
Simplicity wins! Using just three instances of this indicator, the results showed that I may finally find the settings that will produce steadily way more winning, than losing trades. It's not easy, the combinations are infinite, and a lot of hard work has to be done further, but I'm committed to succeeding. I would be very happy to share here my results, giving by this way something tiny (but mine!) back to this so supportive community.
Staring at my screen for hundreds of hours, trying to see when these three indicators comply as to take a trade, is not easy for me (I'm wearing multifocal glasses, I'm not so comfortable with them, and my eyes are getting tired easily). It would be much easier for me, if there was a way for the 3 indicators to be united into one, producing an arrow when they are pointing in the same direction. Do you believe is this a good idea, to give it a chance? If yes, would there be the option for the 4 arrows – the 3 starting dots of the lines & the signal up-down arrow when all 3 comply – to be all different and, also, for their kind (code) and size to be user-defined?
I would be more than happy if you would do me this big favor that would make my work easier!
(If you wouldn't, that's OK, too. Be well! I realize that you cannot do everything for everyone in this vast community.)
Have a nice weekend!