ADX signal question
Posted: Mon Aug 17, 2009 9:07 am
I am a newbie to programming. I have backtested the ADX system that is supplied. However the system takes a long trade when the ADX is above a certain level and the DMI+ is above the DMI-.
However many of the largest loosers are when the ADX is above the desired level because the issue was in a long downtrend. Then a quick reaction up with prices makes the DMI + go over the DMI- triggering a long trade.
What I'd like to program is a filter of sorts that checks for the ADX now vs say a week ago. Is it rising??? Was the DMI+ above the DMI- a week ago.
These filters should hopefully only allow the original ADX signal to be triggered long in an uptrend.
Newbie....I am less than one day old with the builder edition.
So thoughts on how to do this?? With a regression slope??
Seems to me like I'd use a lookback??
But I'm still trying to wrap my brain around Parameters/Indicators etc etc.
I usually look over other signal code and learn/copy/adapt as much as I can
but I can't really find anything that is already programed that is similar.
Thanks
However many of the largest loosers are when the ADX is above the desired level because the issue was in a long downtrend. Then a quick reaction up with prices makes the DMI + go over the DMI- triggering a long trade.
What I'd like to program is a filter of sorts that checks for the ADX now vs say a week ago. Is it rising??? Was the DMI+ above the DMI- a week ago.
These filters should hopefully only allow the original ADX signal to be triggered long in an uptrend.
Newbie....I am less than one day old with the builder edition.
So thoughts on how to do this?? With a regression slope??
Seems to me like I'd use a lookback??
But I'm still trying to wrap my brain around Parameters/Indicators etc etc.
I usually look over other signal code and learn/copy/adapt as much as I can
but I can't really find anything that is already programed that is similar.
Thanks