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I have completely replaced the functions and removed the writing to the file. It works much faster now. I have to make friendlier interface
(sometimes I do not know how to call it myself) and then I will be able to use it without Murray (for now). Or to start with, make a script that draws
channel boundaries on history.
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: a=-0 b=1.2739 lastBar1 firstBar=46 StDev=0.0008
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: Found 422 channels that meet the criteria for 1000 bars
2006.07.06 17:16:0306 06/17:16:03 ChannelStDev4 EURUSD,M15: They are in 3 series
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: Time algorithm optimized 10 ms
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: lastBar=1
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: initialized
2006.07.06 17:16:02 ChannelStDev4 EURUSD,M15: loaded successfully
I have a P4-1800 machine at work. Calculated for it:
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: 422 channels matching the criterion were found over 1000 bars
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: They are in 3 series
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: Time of the optimized algorithm is 10 ms
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: lastBar=1
2006.07.06 17:16:03 ChannelStDev4 EURUSD,M15: initialized
2006.07.06 17:16:02 ChannelStDev4 EURUSD,M15: loaded successfully
Running 4 terminals, 1-2 pcs 1C Trading, TheBat, sometimes Word or Excel.
The explanations are of minor importance. The main purpose of these explanations is the following - the further the price is from the central line, the higher is the chance that it will reverse. But I think it is clear to all, not only on the basis of this indicator, but also on the basis of all others. The advantage of this indicator compared to pivits is that the levels are not calculated on the basis of the previous day, but on the basis of the range of trading for a few days. This means that it gives some kind of imaginary, but stability in the position of levels. Thus, levels do not pass back and forth like pivots every day. I think it gives additional possibilities for planning further development of the situation. And an Expert Advisor based on them gives some hope of their efficiency. The trades are opened when conditions based on the channel bounds are formed - the price is in the reversal zone. But, naturally, trades are opened when the price is above the central line, and trades are bought vice versa.
Vladislav said that on the basis of his proposed methodology there may be several variants of solutions. Try to come up with your own variant. Maybe it will be more effective for you? I am using what I have at the moment, though I haven't stopped looking for it yet :o).