Looking For The Perfect ALGO Indicator

ChristianS

New member
thank you all for sharing your jobs, I am using a mac osx, I ask you……. What is the study that best approaches the perfect output? ?????
I am looking for a script for my algo system.
 
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Trader Raider

Well-known member
VIP
For several months now, I have been programming algos in easyLanguage. Based on that experience, I believe the most difficult aspect isn't coding entry criteria. It's coding the exit because there can be so many nuances to closing a trade. The longer I work on the project, the more I am attracted to very simple strategies such as crossovers for entry and profit targets (in dollars) for exits if allowing the algo to manage the trade.

Lately I have moved away from allowing the program to manage the exit. It is more profitable to let the algo open the trade with a bracket order and then I adjust the stop loss and profit target based on structure and price action. That kind of exit criteria is something I will never have the skills to code but can easily adjust manually once the trade has been opened by the ago.

Best wishes and happy trading!
 

ChristianS

New member
For several months now, I have been programming algos in easyLanguage. Based on that experience, I believe the most difficult aspect isn't coding entry criteria. It's coding the exit because there can be so many nuances to closing a trade. The longer I work on the project, the more I am attracted to very simple strategies such as crossovers for entry and profit targets (in dollars) for exits if allowing the algo to manage the trade.

Lately I have moved away from allowing the program to manage the exit. It is more profitable to let the algo open the trade with a bracket order and then I adjust the stop loss and profit target based on structure and price action. That kind of exit criteria is something I will never have the skills to code but can easily adjust manually once the trade has been opened by the ago.

Best wishes and happy trading!
i absolutely agree with you , so far I have managed to automate everything but as it is used in the existing indicators I cannot find the right one and I conclude that it is better to be all automatic but the output makes it manual when it creates this satisfied
 

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