Hi Julian. In terms of a couple of very simplistic examples, a premise might be "When the market is in a trading range, sell when the price is overbought, and buy when the price is oversold", or "When the market is trending up, buy on a pullback [and when trending down, sell on a pullback]". Usually, they will be a little more sophisticated than this but hopefully, you get the idea. The main thing is that a premise is nothing whatsoever to do with indicators. You just use a suitable indicator to tell you when the conditions of your premise have been met. More coming on this in future videos, so stay tuned....
The best way would be to create an additional buffer in the indicator, calculate the instantaneous gradient and plot the additional buffer (either on its own or alongside the original buffer). How you would do this exactly would of course depend on the specific indicator you are using. So the gradient (derivative) of the original line would then undergo an inflection when the second line either turned up or turned down. This would then make the processing of this in the EA much easier. Hope that makes sense.
You're changing many people's lives with these videos Martyn, Outstanding work as usual!!
What an amazing comment. Thank you so much Roy!
Your content is ever green. for anyone who wants to take algo trading seriously needs this
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MARTYN thanks for the videos. They are priceless. I spent whole weekend watching them. Worth the effort.
appreciate the sharing! Thanks so much
can you give an example of a system premise
pleas.
Hi Julian. In terms of a couple of very simplistic examples, a premise might be "When the market is in a trading range, sell when the price is overbought, and buy when the price is oversold", or "When the market is trending up, buy on a pullback [and when trending down, sell on a pullback]". Usually, they will be a little more sophisticated than this but hopefully, you get the idea. The main thing is that a premise is nothing whatsoever to do with indicators. You just use a suitable indicator to tell you when the conditions of your premise have been met. More coming on this in future videos, so stay tuned....
@@tradelikeamachine4793 Thank you very much for this detailed awnser.
Awesome videos
How to calculate the gradient so that you can identify the inflection?
The best way would be to create an additional buffer in the indicator, calculate the instantaneous gradient and plot the additional buffer (either on its own or alongside the original buffer). How you would do this exactly would of course depend on the specific indicator you are using. So the gradient (derivative) of the original line would then undergo an inflection when the second line either turned up or turned down. This would then make the processing of this in the EA much easier. Hope that makes sense.
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