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Catching the Wind

grood

Member
I heard rumors that price data received by an EA is different than what you see on the chart/price feed. At least they can control the ticks sent to us, like go markets who smothes the price feed (they even admit to doing that).
 

vit007

Member
Just as an update. I have the EA working now. I'm just fine-tuning the logic some more and killing a couple bugs. One thing I noticed over the weekend is that some extremely simple calculations inside the EA were completely wrong, especially near the reversal points (by simple I mean getting the high and low of the current candle). This has me wondering about our lovely brokers and how they manipulate the data. Sometimes I believe there are two different sets of data being sent to our platforms, one we can see and one we can't (at least not through automation). Very strange indeed. However, today it's working fine, so go figure....
How the trading going with you new EA Stovedude???
Vit
 

stovedude

Active member
I have found that it is even more accurate on renko or range bars. I'm currently constructing it for that system. It's very accurate in finding the exact tops and bottoms by calculating dynamic price channels based on past history behavior. In other words, it calculates trend first at a small level, and then increases the period as trend confirms. The turning point is calculated when trend no longer agrees, and the top/bottom is calculated from present and past highs/lows using fibonacci ratios. It's quite complicated to say the least and has taken an extreme amount of work. Renko seems to work better to calm the noise. It still worked with regular charts, but sometimes you have to suffer very small moves where spread is a problem.
 

Joy22

Member
I have found that it is even more accurate on renko or range bars. I'm currently constructing it for that system. It's very accurate in finding the exact tops and bottoms by calculating dynamic price channels based on past history behavior. In other words, it calculates trend first at a small level, and then increases the period as trend confirms. The turning point is calculated when trend no longer agrees, and the top/bottom is calculated from present and past highs/lows using fibonacci ratios. It's quite complicated to say the least and has taken an extreme amount of work. Renko seems to work better to calm the noise. It still worked with regular charts, but sometimes you have to suffer very small moves where spread is a problem.
The best set for lenght MTF Fibo channel is 3,4, 5,I Thing this is an great method.
I am studying very Fibochannel method.
Very thanks joy22
 

Tinojazz

Active member
VIP Member
Ive made some channels using simple MA 200 , i think this can be usefull for you all. You can play with settings how can you find the best S and R levels and channels per every pair and every TF. This settings are for H1 and H4.

MA-fibo_buy = buy area
MA_fibo_sell = sell area

Regards

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stovedude

Active member
I've made considerable progress with the MTF MA channel indy. I have reduced the process of calculating the highs and lows of the channel to just one simple formula, with only 2 values reversed depending on if you're needing the high or low. It is actually looking much more profitable than I originally expected. Now it's calculating highs and lows of each individual candle, until the period increases. It loses a little sensitivity at higher periods, but not enough to miss the major reversals. I should have the final indicator finished soon that will do all the dirty work. It's basically finding the trends within the ranges, as well as the ranges within the trends (a strange concept I know)...
 
C

cfanfx

pls help

pls help

i need OSMA INDICATOR with red color wen below zero line and blue color wen above zero



stove pls help with this ..


thanks in advance
 
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