**Re: MMI - Another Alternate Indicator for NT**
Well, I have now a clearer images about looking for contrachecks with 4 or 5 decimal positions.
Working with 5 dp (it's what you have if using MMI_v7) is safer for times with problematic days, indicator without clear direction, etc
4 dp (Equivalent to "true" option in v_6 EA) is a more risky option, but can give better results in good periods without many problematic days.
Here are the numbers for all 2010, including bad december:
5 dp:
Total net profit: 1757 pips
Profit factor: 2.12
Total trades: 206
Profit trades: 71.36%
Max. drawdown: 13.67%
4 dp:
Total net profit: 1740.4 pips
Profit factor: 1.94
Total trades: 232
Profit trades: 70.26%
Max. drawdown: 17.47%
This confirm my early suspects: on the whole year (good and bad times) rounding with 5 dp give almost same return, but better pf and drawdown because more selective trading (less total trades).
This is reflected in the smoother curve of 5 dp graph versus 4 dp (see attached graphs)
So I will recommend to MMI traders to continue using MMI_v7 such as I sent it to every person interested.
And thanks again to Spin to introduce this option as I have requested
AM |