The main purpose of this post is to illustrate how it’s possible to build a template around any indicator, and then use MT4's Strategy Tester to provide a walk-through demonstrating the indicator’s behavior. But of course you must decide how you will use the indicator, and build your own entry/exit strategy around it and then test it over a large enough data sample to satisfy yourself that the results are on-balance profitable. Obviously I’ve cherry picked a strongly trending pair to highlight the reason behind my personal dislike for repainting indicators. If you were using ZZ semafor to attempt to pick the swing high point, you would have had more than 20 false signals. As price continues to trend upward, the semaphore dot continues to repaint with every new candle high. Watch what happens after the level 3 semaphore dot gets displayed above the candles. The whole walk-through takes less than 60 seconds. You can click the pause/play button (next to the speed slider) to pause/continue the chart video. Click the ‘Start’ button to start the process. Move the slider to about speed 12 (the speed is shown in the little help bubble that pops up).ģ. Use date: check this ON, and select a date range from 2013.04.04 to 2013.06.16 We are not interested in the test results we merely want to see the extent to which ZZ semafor repaints) Then enter the settings exactly as in the screenshot below, i.e.Įxpert Advisor: MACD Sample (we are simply using this factory supplied EA as a ‘dummy’ EA. Press Ctrl-R to open MT4’s strategy tester. Then save the chart as a template named tester.tplĢ. Open a blank chart, and attach only ZZ semafor to the chart. Here is an objective way of gauging the extent to which any indicator repaints:ġ. You ask why folk dislike ZZ semafor (sic). Baseball Baseball: Facebook Baseball: Twitter Baseball: Instagram Baseball: Schedule Baseball: Roster Baseball: News Basketball Basketball: Twitter Basketball: Instagram Basketball: Tickets Basketball: Schedule Basketball: Roster Basketball: News Cross Country Cross Country: Facebook Cross Country: Twitter Cross Country: Instagram Cross Country: Schedule Cross Country: Roster Cross Country: News Fencing Fencing: Instagram Fencing: Schedule Fencing: Roster Fencing: News Football Football: Facebook Football: Twitter Football: Instagram Football: Schedule Football: Roster Football: News Golf Golf: Instagram Golf: Schedule Golf: Roster Golf: News Swimming & Diving Swimming & Diving: Facebook Swimming & Diving: Instagram Swimming & Diving: Schedule Swimming & Diving: Roster Swimming & Diving: News Tennis Tennis: Facebook Tennis: Instagram Tennis: Schedule Tennis: Roster Tennis: News Basketball Basketball: Facebook Basketball: Twitter Basketball: Instagram Basketball: Schedule Basketball: Roster Basketball: News Cross Country Cross Country: Facebook Cross Country: Twitter Cross Country: Instagram Cross Country: Schedule Cross Country: Roster Cross Country: News Fencing Fencing: Instagram Fencing: Schedule Fencing: Roster Fencing: News Golf Golf: Instagram Golf: Schedule Golf: Roster Golf: News Softball Softball: Facebook Softball: Twitter Softball: Instagram Softball: Schedule Softball: Roster Softball: News Swimming & Diving Swimming & Diving: Facebook Swimming & Diving: Instagram Swimming & Diving: Schedule Swimming & Diving: Roster Swimming & Diving: News Tennis Tennis: Instagram Tennis: Schedule Tennis: Roster Tennis: News Track & Field Track & Field: Facebook Track & Field: Twitter Track & Field: Instagram Track & Field: Schedule Track & Field: Roster Track & Field: News Volleyball Volleyball: Facebook Volleyball: Twitter Volleyball: Instagram Volleyball: Schedule Volleyball: Roster Volleyball: News Academic Support Camps Campus Recreation/Intramurals/Club Sports Compliance EADA Facilities Graduation Rate Report Internships and Graduate Assistantships Media Information Mission Statement Cheerleading Dance Team Sports Medicine Staff Directory Strength and Conditioning Title IX Visitors Guide Wayne State Fieldhouse Visitors Guide 2021-22 Faculty Athletic Liaisons All-Americans Podcasts W Week (Celebration of Women's Athletics) Conference Championships Hall of Fame Top 100 Moments Warrior Within Tickets Football Tickets Volleyball Tickets Basketball Tickets Swimming & Diving Tickets Prospective Student-Athlete Questionnaire Recruiting Quick Facts Donate Project 313 W Club Sponsorships Taste of Wayne Harwell Field Chairbacks.
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