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I'm attaching my incomplete attempt to automate entry 'Method 1'. I don't doubt that some of you are making good profits with these methods. When I look at the charts I think I could, which is why I wish to automate it. Unfortunately …
Perhaps because I've been too quick to switch to NT 7.
So let me try asking this... are most of you still using an ADX based entry filter not included in what I thought was the latest criteria here:
Please understand, that the indicators are only there to Confirm the Price action, and not the opposite. You first find the correct entry with price action, and then you look at your indicators, ForceIndex and DMplus as confirmation. I have written so much in this thread explaining evertything in detail. Please look at messages # 20, 70. 78 and many others.
I have also given templates to show the DM as a bar - green and yellow - green for entry, as well as looking at the DM+ and ADX. I have explained so much on how these indicators work. Please go through this thread carefully and you will have all the answers. You do not enter on the ADX, this is used to tell if your have chop or if your are coming to the end of the a trend. You must also try and understand what these indicators are telling you, and this I have also tried to explain in this thread.
Perry, believe me, I've thoroughly read the whole thread, and I much appreciate it. Some of my confusion came from thinking post 71 superceded all before it. Your post 20 (
OK. You have jumped the guns, so I will start explaining how to look at the ADX panel at the bottom.
This panel uses together the ADX line and the +DI and the -DI lines. The 2 MAIN reasons that …
) taught me a whole new way of looking at ADX. My 'guess' on the ADX rules was based on it. For now I'll code those assumptions and test my strategy. As much as I would love to be a discretionary trader, work interferes; so I have to reduce it to rules I can program and let my programming trade for me.