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Tomasz Janeczko wrote:
> The technique involves delaying the response of the indicator as long as
reversal amount is reached
> and last leg of zigzag line becomes valid.
Ah, Tomasz, we've been through this before. That is exactly the technique I
thought would work, all the way back when I was still using Metastock. It
doesn't--and I did not bungle the code. When the price reverses and moves
far enough in the wrong direction, that last leg ceases to be "valid."
Try using it with real-time data, and you will see the problem. Use small
intraday bars, or it will take a while. Trading--yes, I blew actual money
on this!--T-bonds on 3-minute bars, there were two occasions in three weeks
where all the losing trade signals disappeared and were replaced by winners
that had not happened in real time. Then I stopped trading until I figured
out what was going on.
This is the sneakiest error of trading logic I have ever run into. It would
have to be to catch you and that other extremely bright guy I won't name
here. And you probably will not catch it until you see it happen in real
time, because you won't believe I am right. But this problem is real.
Everyone else, I promise you, if you trade this way for long enough I'll be
the richest guy here, because I will still have the loose change in my
pockets, and you won't.
Just sincerely trying to help.
Owen
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