OmniTrader Upgrade Forums
Futures and Forex
FX Filters, and Stops
3 replies, 1784 viewings
|
OmniTrader Upgrade Forums
Futures and Forex
FX Filters, and Stops
|
Last Activity 10/1/2024 8:55 AM 3 replies, 1784 viewings |
|
|
|
| Printer friendly version |
forexgeo New User Posts: 3 Joined: 10/25/2007 Location: seattle  User Profile |
I've asked this on another thread, but can't find it to see if anyone replied. I am working on a filter block that is based on the slope of an EMA. The question is how to quantify it in a way that will translate into OT. The ideal measurement would be degrees. I figured I can adjust a degree to the finest detail to confirm if I want to enter a trade. My thinking goes something like this: If EMA(21)>90degrees and =< 120 degrees signal equals long signal. I only remembered the math formulas because that was what was required. I never had a math teacher who explained any application other than taking their test, so please be patient with me on the math stuff. If you want to suggest what I need to study to focus specifically on this idea I would like to learn. Is it as simple(not easy) as implanting the formula into the code? Can I calculate the EMA slope of a single candle? I am having an interesting time with my stops. Most my disappointments are in trades I wouldn't have entered if I had the filter mentioned above. I notice I can't calculate my stops based on a specific pip value. Say a stop at 10 pips from the strike, and then a trailing of 5 pips from the current. Any advice would be greatly appreciated in general, but setting stops is a challenge given I need to find another variable to adjust. Thanks in advance George | ||
| julesrulesny Elite   Posts: 900 Joined: 8/15/2007 Location: NYC User Profile |
Slope is equal to the rise/run .. There was a brief discussion relating to this in the OT Pro forum www.omnitrader.com/omnitrader/proforum Tho I can't recall exactly where it was. If I find the link, I'll post it. But that won't give you the answer. the question was just related to using Gann Fanns and creating an indicator based on degrees, slope.. so its in line with your question though. But, I do think your question is possible. Being that we have the slope of a linear regression mov avg indicator. However, if you do not own OT Pro, this can not be done. Unfortunately. You need the access to OmniLanguage to code your own indicator. On the other hand, creating the code in Omniscript as you wanted to, to be used in a Filter Block.. hmmm might be possible, but I'm not sure and wouldn't know how.. give it time, someone may read this thread and give you additional feedback.. I'm currently completing a Math degree myself - If I can figure out this code for you, would you want to do my Homework?? LOL! Oh and not many OT users use OT for Forex. So its always nice to see someone else trading FX with OT. There are some, but more OT FX traders would be better. So, I would love to hear any other feedback, suggestions you may have to using OT with FX. Best - [Edited by julesrulesny on 7/26/2011 4:41 PM] | ||
| Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
http://tradetight.org/forums/thread-view.asp?tid=422 http://tradetight.org/forums/thread-view.asp?tid=423 http://tradetight.org/forums/thread-view.asp?tid=293 I'm pretty sure you'll find some concepts in there that will help. | ||
| forexgeo New User Posts: 3 Joined: 10/25/2007 Location: seattle User Profile |
|
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
