Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The strat I've been working on is directional, and chop tends to suck my profits dry. For the past 48 hours I've added a simple filter that seems to help. ECO2New is one of the indicators I use in the strat, and filtering out trades when ECO2 Main is between +5 and -5 seems to help.
You miss some moves, but its good to see more black than red in some of the chop this week.
Roughly its ECO2 Main [0] <= -5 || >= +5.
I had to look up how to properly inclide an OR statement so consider it time well spent!
YMMV etc etc
Can you help answer these questions from other members on NexusFi?
I normally trade from 01:30 am through 11:30 am EST because of where I live. With the filter added to ECO2 only three ZN trades were called yesterday... two solid winners and one BE.
Later today I'll compare results of a recent day where I got chopped to death, trying both with and without the filter.
What do you folks use to decide when its Sit On Hands time?
What is the ECO2 Main? Are you referring to another indicator? I've been looking for something along these lines myself, whereby strategy signals are not taken within so many minutes of a news event? Are we on the same page here? If so I would like to hear more...
I dont have that specific indicator, but another I have in same 'family' is needing someething like this
if(ECO2New3(int fast, int signlLen, int slow).Main[0] ... have a look at the parameters when you set up the indicator manually on a chart to see what it is looking for as input for the variables ... so from your example if (ECO2New3(7, 4, 21).Main[0] should be good