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The problem with MURRCH indicator
yogurt
 Post subject: The problem with MURRCH indicator Post rating: 0   New post Posted: Tue 16 Jul, 2013, 11:33 

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Hello.
I`m trying to use MURRCH indicator in my strategy but there is not enough description about it.
There are two input parameters:
period
and Candle period
What is the difference?

For example, I want on my M1 strategy to use M5 64period MURCH and set stop loss to -2/8 level - 3pips

Were is my mistake?


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vadim_berezhnoj
 Post subject: Re: The problem with MURRCH indicator Post rating: 0   New post Posted: Wed 17 Jul, 2013, 13:31 
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Hello.

Strategy you'v provided buys at market every 1 minute and sets SL on -2/8 Mur - 3pips level.
To set limit or stop order (instead of market open) on specific level use "Pending Open" block.
 
yogurt
 Post subject: Re: The problem with MURRCH indicator Post rating: 0   New post Posted: Wed 17 Jul, 2013, 16:41 

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vadim_berezhnoj wrote:
Hello.

Strategy you'v provided buys at market every 1 minute and sets SL on -2/8 Mur - 3pips level.
To set limit or stop order (instead of market open) on specific level use "Pending Open" block.


Yes, it is just a part of my strategy.
Two major questions are:
1. Why is MURCH indicator gives the same levels no matter which period is chosen?
2. What is the difference between
period
and Candle period
in input data?
 
dirk_r1
 Post subject: Re: The problem with MURRCH indicator Post rating: 0   New post Posted: Fri 19 Jul, 2013, 09:38 
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Hello!

If you want to change the period for MURRCH indicator you need to use "Candle period".
"Period" has no influence on its values.

And therefore the MURRCH indicator has different output values. ;)
 
yogurt
 Post subject: Re: The problem with MURRCH indicator Post rating: 0   New post Posted: Tue 23 Jul, 2013, 01:46 

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dirk_r1 wrote:
Hello!

If you want to change the period for MURRCH indicator you need to use "Candle period".
"Period" has no influence on its values.

And therefore the MURRCH indicator has different output values. ;)



No. You are wrong.
There is definitely bug in mmurch indicator.
here is screen shot and vfs.
Image


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dirk_r1
 Post subject: Re: The problem with MURRCH indicator Post rating: 0   New post Posted: Tue 23 Jul, 2013, 10:29 
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Yes! You are right. It is a bug. Unfortunately the Murrch and also the FibPivot indicators have several bugs. They were taken out from the list because they are creating to much other bugs.

Please check for new releases of indicators here: viewforum.php?f=142

Thank you!
 
yogurt
 Post subject: Re: The problem with MURRCH indicator Post rating: 0   New post Posted: Tue 23 Jul, 2013, 14:49 

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dirk_r1 wrote:
Yes! You are right. It is a bug. Unfortunately the Murrch and also the FibPivot indicators have several bugs. They were taken out from the list because they are creating to much other bugs.

Please check for new releases of indicators here: viewforum.php?f=142

Thank you!

Is it so complex indicator?

I am counting minutes till you done this, because my strategy won`t work without it....
 
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