Technical Indicators vs. Standard Indicators

[shaltrade]

Hello folks -

Just wanted to know if there's a way to make a custom metatrader indicator into a "native" MT4 technical indicator. Instead of iCustom, i would like to make calls to iMyInidcator instead.


The reason is -making iCustom calls in an EA makes backtesting verrrrry slow.

Is there any other way to speed up backtesting when using non-standard indicators?

Best - Susmit

 

[vladv]

Sorry to ask,but what's the difference between indicators native and custom in real trading?

 

[Joulian]

The Truth about Technical Indicators

I've been reading a lot of posts on FF by traders who regard the use of technical indicators as flawed or fallacious, the "cause" of their losing trades and possibly large sums of money, even their entire accounts. Some posts have been rather elegantly composed, their authors expressing quite clearly their disgust, distrust, and even despair when it comes to the use (or more precisely, misuse) of technical indicators in their trading logic (or more precisely, illogic). Moreover, some of these traders, having tossed technical indicators away as a reliable means of price prediction, become evangelists for something they call "price action," part of their convictions based on the notion that technical indicators somehow fail because they are "lagging," while the so-called price-action is up-to-the-moment and an infinitely better barometer of market sentiment.