![]() The attached png shows 4 timeframes, note the lower right chart, eurusd 4H and how uninformative the EW labeling can be.ĪG, and programs such as Dynamic Trader, Fibonacci Trader, MTP and others are in a sense trading systems, they aren't 'just charting programs'. eSignal does offer a free trial of sorts so study up on AG's features and give it a try.įollowing has lots of charts, examples of tools use + pdfs: One other matter is that custom indicators can't be programmed into AG, nor trading systems for that matter so that may be a large limitation. In a sense I've got AG so I use it but don't think I'd spend $4K to own it, as aside from the EW labeling, I don't think AG can do any more that a basic charting program that has a good fibo and channel tool. ![]() I don't like AG's Fibonacci Extension tool and it can't be copy/pasted as in MS, tho the Regression Channels tool is very good. What separates AG from other charting programs is it can EW label the price bars, but, such labeling can and does change (common complaint of those who've tried and dropped using AG) as the Price Movement progresses and one anyway has to know EW sufficiently well to apply it independantly of AG - or any other EW software, otherwise trades based on AG's 'current' labeling may produce a losing trade.ĪG does have 2 often very accurate tools, the Ellipse and MOB which both display visual targets where the price is expected to hit. So why would you own AG ? would you trade with/from it ? I've never done so actually, I use it as an EW resource and use MetaStock as my main rt charting program. I see there's no difference in price between eod/rt, surprising, so both versions are expensive, the eod version is occasionally offered for sale on ebay and elsewhere on the web. Ten analysts can easily come up with 10 different answers.", and there you have the problem of EW and to some extent, AG.ĪG is a relatively simple and easy to use program that works very quickly the eod version can't do scans and has a few less indicators than the current realtime version but I think has all the other tools. "About 65% of EW analysis is made up of complex rules which can be dissected in numerous ways. ![]() In the 1998 'A Mechanical Trading System', Tom Joseph says: I also have an indicator in MetaTrader 4 (forex) that creates pseudo Daily charts of all the intraday timeframes which are then able to be displayed by AG where price data/charts are updated by re-opening AG - think AG oed can now load intraday data. I have the eod version which will auto update MetaStock, TradeStation, ASCII etc file formats. When I first began trading I read ‘Elliott Wave Principle : Key to Market Behavior' by Frost and Prechter which made sense to me, hence my interest in AG. Having read the MTPredictor thread, here's a start for an AG thread.
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