Yess! "The book" is in my hands. My initial feelings: I've been on the right track in using VS. And there indeed is a lot of stuff to study and lots of food for thoughts. Thanks, Dale, for the bullseye recommendation! I need to have a deep look at all of the indicators and systems. Maybe ADX/ADXR could be a candidate for VS exits somehow? There have been some good ideas in the earlier posts as well. Different C in the end - good idea, but something is needed to determine when the trend turns - ADX/ADXR again perhaps? Or AO, AC perhaps?
Dale:
"I've thought about getting the ADX/ADXR values from the platforms by exporting the data and then reading it into an application that I could write that would calculate the ADX/ADXR values and print a report BUT the exporting of the data ITSELF would take longer than it's taking me to capture these values manually"
"Well I've FINALLY completed my ADX/ADXR work sheet (it ONLY took about TWO HOURS this morning which is FINE on a Sunday morning BUT it's a whole different story at 01h00)!!!"
I think it does not need to be this hard. I already have practiced a bit with Delta's API, and it was really quick to programmatically download data, at least when reading only the daily values. My program now downloads the full daily data for 16 pairs in just a few seconds, that is since 2004 for most of them. And the calculations for the full data take roughly the same. As this was this quick, I haven't bothered to optimise the program e.g. by just downloading the last day and adding it on top of the old data. I am going to study ADX/ADXR a bit more, and if I find it play the same tune with VS, I may go through the trouble and integrate it in my code. I definitely won't want to spend that much time daily doing it by hand. Another thing that I immediately noticed in Wilder's book is that everything can be apparently based on tabular data, graphs are not necessary. This makes it relatively easy to program whatever else I want to experiment there. You were correct about that again in one of your posts, Dale!
I initially noticed the same long data downloading time with MT4, but then I also noticed that MT4 seemed to automatically cache the daily data, I just needed to open the history tool and refresh the data on the display for the latest bar for each of the pairs. That was just a matter of a couple of clicks for each pair, but manual anyway. Then I tried Delta's API with far more pairs and all data downloadable at once. Maybe this level of automation could be possible with MT4 as well, I haven't tried, as I got further with Delta first - and the number of pairs is bigger there.
I'm a programmer by profession, having done that for years, but this is the first time I am doing these kinds of programming excercises just for myself and seeing the €€s rather clearly in my eyes. Fun! Cool! Fascinating! At least for me.
midulster:
I may be interested of looking at your spreadsheets. As commented above, I may fall in writing some code for calculating ADX/ADXR on a rainy day. It would then be good for cross-checking, I might find something in either my or your calculations. I'll keep your work in mind. If I get this done, I'll try to remember to make the program to output also plain ADX/ADXR in CSV for Excel, so that also somebody else could have use of it. Your 3 minutes is much better than Dale's 2 hours, but I want a few seconds at maximum. But that would be based on data from Delta then.
randont / "The Nightmare Before Christmas":
Thanks for another war story! I really appreciate people telling their downs, they often teach you much more than the ups. When I get live one day, I must keep in mind that I've been warned a number of times how to screw up.
J.
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