For programmers familiar mql4 for MetaTrader and who have a large library of technical analysis indicators / have deep insight in indicator design. the bid request is not about coding an EA, it is about finding a complementary indicator for my existing configuration.
I identified two indicators that combined give perfect trading signals in certain situations: they also give wrong signals some of the time. However, I have a method to confirm situations where the signals were perfect (in the past: this confirmation does not work in real time).?
I require a technical analysis indicator in mql4 for MT4 that will confirm my signals exclusively: so the combination of my indicators (that give good and bad signals) with your indicator (wheter you have found it or made it) will give me 100% of the time good signals on the live chart real time. Please look at the graph to see what I mean.
My current confirmation is just a simple moving average of 100 periods backshifted 50 periods with +1% and -1% enveloppe bands added. If the price goes above this band and my two indicators are at their extreme (>0.9) then your indicator/system should also give a signal. Vice versa for oversold situations: if the price is below the lowest percentage band and my two indicators are at their low (<-0.9), then your indicator should confirm this.?
I will not use your indicator as a stand-alone, so it is ok for your indicator to give more signals than only the appropriate ones, as long as the combination of my 2 indicators and your indicator coincide with a relative low/high as described above.
I don't care what or how this indicator is, whether it is a trend-indicator or an oscillator, or neural net / Genetic algo / DSP or whatever. The only condition for me is that the combined signal works as described.
I will give you my 2 indicators after acceptance of the bid request.
## Deliverables
Please see attached picture of what I want to find.
I can't stress enough that there is tremendous potential of finding the ultimate trading system here, that gives 100% ok signals.?
I think the solution to this problem would be in the direction of some kind of trendfollowing indicator, maybe even an adaptation/detrending of my oscillators.