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Jalarupa
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Postby Jalarupa » Thu Sep 15, 2011 11:22 am

CHF crosses killing it... No surprises there... ;)

Nice will have a look
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Postby PebbleTrader » Thu Sep 15, 2011 11:26 am

"Now we just need one of our uber coders to chalk up a indi that behaves correctly and has an adjustable breach setting, etc.

I'll commit to a donation for said indi, once it passes PT quality control survey"

HOW DO WE LURE TRO OR BREDIN INTO PnF??? :lol:
Last edited by PebbleTrader on Thu Sep 15, 2011 11:52 am, edited 1 time in total.
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Postby Jalarupa » Thu Sep 15, 2011 11:32 am

Trust me... They already thinking about it...

However, to me it seems like a big challenge cause you basically throwing the whole MT4 GUI out the window... Cause you gotta atleast make it look a little good.

Also its no secret that MT4 data isn't the most reliable storehouse...

So its gonna be a tough one to crack I imagine...
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Postby PebbleTrader » Thu Sep 15, 2011 12:15 pm

I just completed my review of the Cute PnF & Forex Impact PnF with the manual PnF I did (same data) and they do not match. In fact the hand drawn one gives more accurate levels whereas the MT4 indis both give a more "fuzzy" level (the levels are off).

I did not do any testing in terms of looking for "morphing" the shape over time, (see previous post for an image that shows it morphing the shape, side by side image).
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Postby Jalarupa » Thu Sep 15, 2011 12:18 pm

Yes there is a lot of 'morphing' going on...

Will post the video analysis hopefully after I complete my analysis of Dukascopy
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Postby PebbleTrader » Thu Sep 15, 2011 12:19 pm

So to sum it up:

MT4 = confusion

Hand drawn = $$$
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Postby PebbleTrader » Thu Sep 15, 2011 12:23 pm

Been looking forward to seeing that time lapse :)
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Postby MightyOne » Thu Sep 15, 2011 4:23 pm

PebbleTrader wrote:So to sum it up:

MT4 = confusion

Hand drawn = $$$



Go to http://gridpaper.us & print a grid with 16 squares per inch.

Get 2 colors of dry erase marker and lightly touch the squares to plot; that way you do not have to keep redrawing charts :wink:

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Postby PebbleTrader » Thu Sep 15, 2011 5:09 pm

"that said, your chart has errors: "

You have a good eye! Correct, if a breach occurred, than the next box should have the "x", at least that's how I intended to draw it all in that graph. I did that all in one sitting and it took 3 pieces of graph paper to do. I was much more careful with the plotting of the actual levels, so I feel confident in those :) There are several though that should not have the breach, those were more or less perfect areas where price stopped right smack dab on a line. In the future I want to try 30-50% breaches in order to get a plot.

I like your idea of using the smaller boxes for manual plotting:
-Won't take up as much space
-Much faster marking (it actually takes me a lot of time to draw perfect little "X"s)

On vacation the next 4 days so I'll give that a shot when I get back in.
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Postby MightyOne » Thu Sep 15, 2011 5:16 pm

I figured out how you were drawing the chart and then I retracted my post.

I did find that the pointy places +/- one level make great S&R

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