What makes me ROFLMAO is that long-awaited SCT software that doesn't even give signals. If you can't stoplight it, you don't know how, or even if, it works. My code has exactly 44 SLOCs (logical) to do very close to what SCT tries to do.
Joe Doaks and ET Develop the Perfect System
- Thread starter Joe Doaks
- Start date
Sorry to send you back to the drawing board, professor, but 6x is possible. The tighter the range, the higher the multiple. On days with larger ranges, the higher multiples become more difficult. However, attempts to move beyond the 6x multiple results in decreased profits - due to increased execution costs and smaller profits per trade. And yes, 1x is more than reasonable - without ever performing SCT.
- Spydertrader
But you have to use S/R to do it.
Jack has done a wonderful job creating the illusion of ephemera, hasn't he?
Nope.
- Spydertrader
I won't argue with you what I understand less well. ServoTrader is designed to identify and follow rising or falling channels. I use several other codes to handle range-bound behavior. All of them numerical S/R based on market internals.
I thought this had simplicity?
Wouldn't simply automating channels have provided the same result - with fewer lines of code?- Spydertrader
My existing peak detection code (bottom pane of the attachment) upon which I would build an automated channel constructor has 87 SLOCs (logical). Just a WAG but I am guessing that the logic to handle all the conditions of drawing, redrawing and testing channels would more than double that count. ServoTrader uses fuzzy logic cybernetic principles to elegantly overcome the ambiguities of channel construction and channel testing. The code I am showing you is NQ 1 minute code not optimized for ES 5 minute, but it makes the point that peaks alone, and therefore channels, are unreliable indicators of future price action. But a properly designed servo can read price's mind from the trail of numbers it leaves behind it, kind of like the pecker tracks you leave on the sheets reveal what you are dreaming about.
Joe: I like your threads, simple in statement and deep in meaning.
Here is my answer to the characteristics of a bar. I am interested only in bars which are.
1. Shorter than the bars to the right and left of it, and
2. Its head (feet) is higher (lower) than the head (feet) of its two neighboring bars.
Here is my answer to the characteristics of a bar. I am interested only in bars which are.
1. Shorter than the bars to the right and left of it, and
2. Its head (feet) is higher (lower) than the head (feet) of its two neighboring bars.
hypostomus, congrats on your peak detector, its very hard to make one that is accurate.
We managed to make one too
We managed to make one too