Replies to post #80 on Strategy Desk Users' Group

[Tony G]

ok it sounds like you are really close!

All of these technical indicators bounce around all day long intraday, just like the price. So yes, the last thing you want is to get caught in a head-fake and lose money. Believe me, there are people smarter than us trying to trigger these common head-fakes. That happened to me alot when I first started using the program.

Yes, sliding everything back 1 bar will eliminate all the intrabar noise, because you're computing your indicator on a completed number, not a moving target. You would then buy/sell on the OPEN of the current bar if the completed 1-bar-ago met your trigger. On shorter timeframes, waiting one bar isn't too bad. But in a volatile market, waiting a full day means you may have missed the ideal entry, and your stop loss is probably deeper than if you entered correctly.

And by default, Strategy Desk will chase gaps! so if you don't want it to, you need to write more conditions into your formula.

Most of my formulas are on Daily and 60 intervals also. I like swing trades so that makes sense to me. I do have a 5-minute oscillator that I wrote myself, but only use that when we are in range-bound and consolidation patterns, or if I want to slowly sell off portions of my position.