Any opinions on Trenddecoder

Forums › ProRealTime English forum › General trading discussions › Any opinions on Trenddecoder

Viewing 15 posts - 1 through 15 (of 18 total)
1 2
  • 10/16/2022 at 9:20 AM #202610
    jonpt88

    Dear all,

    Did anyone try this code? https://market.prorealcode.com/product/trenddecoder-lifetime-license/

    I would appreciate to read any objective opinions about the code, maybe along equity curve for the SP500 and/or BTC for the last 10 years.

    Thank you for any feedback you can provide.

    Kind regards

    John

    10/17/2022 at 8:27 PM #202736
    Meta Signals Pro

    Hi John,
    I am surely the last person you want to listen to have an objective view;-)
    The only think I can tell you is that the product is the N°1 best reviewed product of the marketplace thanks to our 18 sincere reviews since feb 2022 with 0% refund; please note reviews can only be made on purchased licence;

    You can find here also people who have already pushed the strategies button ; its in french but you can easlily translate them if need be via deepl.com or google ;

    https://www.prorealcode.com/topic/backtests-timeframe-multiple-avec-trenddecoder/

    At your disposal,

    Chris

    10/25/2022 at 9:37 AM #203000
    snucke

    one thing that is very missleading is the trendlines, you cant trade on them really and you cant automate systems based on the crossing of them

    because they are repainted a bit so when you backtest it will take trades when there actually are no crossing of it.

    and it only acts as if it is crossed when its kinda too late to act on it.

    and the Fibo-levels that just got into the indicator is not really working that well, does not plot from lowest to highest. maybe an update is coming.

    other than that its fine, i would guess the “cloud” is just some form of Supertrend.

    10/25/2022 at 2:37 PM #203014
    Meta Signals Pro

    Hi,

    Thanks @jonpt88 for having started this post as I am a true believer in transparency and objective product quality; it can only make us better; 

     


    @snucke     Did you contact me to ask for some clarifications?

    I whished I have answered you on these matters before, as you seem to be facing coding difficulties; my clients know I am quite responsive on technical matters and service;

     

    Anyway, I will assume (and hope) then that you are not from the competition and that you were shy enough not to ask me or the community anything;-)

    There are many threads talking about the subject though and I thank everybody pushing us to create a better product

    https://www.prorealcode.com/topic/trenddecoder-screener-customization/

    https://www.prorealcode.com/topic/real-trades-with-trenddecoder/

    https://www.prorealcode.com/topic/backtests-timeframe-multiple-avec-trenddecoder/

     

    On TrendLines

    one thing that is very missleading is the trendlines, you cant trade on them really and you cant automate systems based on the crossing of them

    • this is not true and you should know it :-), if you got from us our specific code to include the indicator in backtests
    • we have created a specific code to trade the crossings with “TrendDecoder_datas”
    • You seem to be facing coding difficulties; please ask me ot the community;

    https://www.prorealcode.com/topic/backtests-timeframe-multiple-avec-trenddecoder/page/3/#post-202742

    Signals, TrailLong, TrailShort = CALL “TrendDecoder_datas”(close)

    The 6 values of the variable “Signals” are the following:

    // 1 = new uptrend detected
    // -1 = new bearish trend detected
    // 2 = GreyBOX during uptrend
    // -2 = GreyBOX during the downtrend
    // 3 = crossing of the Red RealTime TrendLine
    // -3 = crossingof the Blue RealTime TrendLine

     

    because they are repainted a bit so when you backtest it will take trades when there actually are no crossing of it. 

    • this is not precise: either they repaint or not; they cannot repaint “a bit” 😉 here are the facts:
    • the Projective TrendLine do not repaint AT ALL as it is fixed and gives us the information of the pace of the last movement (see picture)
    • the RealTime TrendLine gives the pace of the current movement; its slope will only change if a new high or a new low appears in the current movement; anyhow this TrendLine will be crossed at some point indicating that the current Trend is OFF;
    • we strongly believe this a very relevent tools to detect a change in a Trend but I am very open to consider any other tool you have identified!-)

     

    and it only acts as if it is crossed when its kinda too late to act on it.

    • You seem to be facing coding difficulties; please send the code here or write to me so that we can help you;

     

    On FiboLevels

    and the Fibo-levels that just got into the indicator is not really working that well,

    • this is not factual: please can you show us why on a chart?

     

    does not plot from lowest to highest. maybe an update is coming.

    • this is incorrect: as this is precisely their calculation; but maybe not the highs or lows you want;-)
    • Logicaly, we take the highest and the lowest of the previous move as the picture shows

    other than that its fine, i would guess the “cloud” is just some form of Supertrend.

    • this is much better than a SuperTrend that only takes price into consideration based on an ATR that checks if the current price is more advantageous than the previous one;
    • its proprietary calculation is based on prices  AND volumes to detect ranges = GreyBOX and the Trend of course

     

    At the disposition of the community

    Chris

    10/25/2022 at 3:22 PM #203024
    snucke

    just gonna give one example of a trade being taken without a cross, see attached

     

    and what i meant by “kinda repaints”

    it changes the slope and where the trendline is, so i guess thats whats giving the false results, when it did cross but in hindsint when the line has been changed it does not.

    on the pics 1s and 2s you can see how the line has changed, and it has given a cross signal twice wich later when the lines change it does not look like it did.

     

    and fyi im not from any competition trying to bash this product, i bought it and im just saying what i feel about it.

    10/25/2022 at 3:59 PM #203031
    Meta Signals Pro

    and fyi im not from any competition trying to bash this product, i bought it and im just saying what i feel about it.

    This is great news then;-) And I thank you very much for giving us the opportunity to help you after your purchase and also surely improve the product or our communication;

    Very precisely

    First Picture:

    • the exit is totally normal; at the time, the RealTime TrendLine was exactly going through the candle where the trade stopped
    • then made a classic pullback on the blue cloud to continue its move up
    • this trend is in real time so it gives you the inclination of the slope between two points (the lowest and the highest) until a new highest is identified
    • this is why the comparison with the Projective is key, as it put the current movement in perspective with the pace of the previous one

     

    • this is why we always recommand to have MultiTime Frame strategies that allows to reduce if not eliminate these noise problems

    https://www.prorealcode.com/topic/backtests-timeframe-multiple-avec-trenddecoder/page/3/#post-195604

    https://www.prorealcode.com/topic/backtests-timeframe-multiple-avec-trenddecoder/page/3/#post-202742

     

    • You cannot be surprised to be exited rapidely using the ReaTime TrendLine as an exit iit is very reactive but you could use it on a higher timeframe
    • you need to use either the cloud as a trail or a comination of both TrendLine and Cloud on different TimeFrame

    Image 1:

    • the RealTime Trendline at this point is quite steep and will get closer to the pace of the last movement

    Image 2:  

    • beautifully the two TrendLines are converging, showing that the trend is now quite “nominal” ; your trade is safe will a trail following the Cloud
    • watch for the price to break both Trendlines to exit this move

     

    Can I advise you to post here, as your question will surely interest other people

    https://www.prorealcode.com/topic/trenddecoder-indicator-and-screener-updates-backtests-and-customizations/

     

    I hope I answered you and I stay at your disposal,

     

    Chris

    10/25/2022 at 4:07 PM #203035
    snucke

    what i was saying all the time and that you avoided answeing is.

    the trendline repaints and gives false signals in the backtest, as you can see on all my 3 pics, the first pic with a down arrow is a short entry, and not a stop.

    and what im saying is if you look backwards the trendline seems to give excelent entrypoints when in real time it in fact does not.

    10/25/2022 at 4:27 PM #203037
    Meta Signals Pro

    the first pic with a down arrow is a short entry, and not a stop.

    • this is just what you are asking in the code though : if blue line crossing >> short

     

    // 3 = crossing of the Red RealTime TrendLine
    // -3 = crossing of the Blue RealTime TrendLine

     

    and what im saying is if you look backwards the trendline seems to give excelent entrypoints when in real time it in fact does not.

    • the crossing is still a very good entry point but you need to set up again a multitime frame environment and conditions to get out and secure your trade
    • please check our strategies https://market.prorealcode.com/product/trenddecoder-lifetime-license/

    Hope this helps and at your disposal

     

    Chris

    10/25/2022 at 4:35 PM #203043
    snucke

    jonpt88 wanted opinions on the indicator, im giving my opinion and, the trendline is very missguiding as a signal since it reajusts itself all the time and does not give a fair representation of what it does realtime when you are trading.

    10/25/2022 at 4:53 PM #203045
    Meta Signals Pro

    I respect what you believe but please check your code 😉

    “not all the time” but factualy only on new lows (in a DownTrend) and new highs in a UpTrend 😉

    10/25/2022 at 5:00 PM #203046
    snucke

    what is wrong with my code? correct it and show me?

    10/25/2022 at 5:02 PM #203047
    Meta Signals Pro

    what do you want the code to do ?

    10/25/2022 at 5:06 PM #203051
    snucke

    the code only did go short when it crossed the blue line and go long when it crossed the red line.

     

    you are the one telling me something is wrong with it? so what do you mean with “what do you want the code to do ?”

    10/25/2022 at 5:25 PM #203052
    Meta Signals Pro

    The limit of writtent communication I guess …

    you tell me the indicator gives wrong signals, and you point out the down arrow on the first picture;

    snucke wrote:

    the trendline gives false signals in the backtest, as you can see on all my 3 pics, the first pic with a down arrow is a short entry, and not a stop.

    I just answered that the code just executes a short on the crossing and that it is not a false signals; this is just what it is written;

    Just to be precise where are the false signals then so we understand each other?

     

    10/25/2022 at 5:45 PM #203054
    snucke

    as ive said, since the trendline is being replotted it gives signals in real time, but if you look back in time those signals were never given..

    but they appear when you do a backtest because the line was there just then in that time.

    as ive also already said, this makes the trendline look way better than it acutally is in real time.

  • Author
    Posts
Viewing 15 posts - 1 through 15 (of 18 total)
1 2

Find exclusive trading pro-tools on ProRealCode Marketplace

Similar topics:
buy on certin dates, not on technical singal
buy on retest on a certain candle
buy or sell at set time and price change on any market.
2 accounts limitations on ib
2 bars late on entry and exit
andrew cardwell strategy on rsi
any way to plot a time based moving average over a tick chart ?
arrays help – any documentation?
autotrading – latent gain will not show on charts
bb trading one long one short on dax 9-17,30

Create your free account now and post your request to benefit from the help of the community
Register or Login