Hi, I recently started using Advanced GET studies about 3-4 weeks ago, & over the last couple of weeks I've been having serious problems with the wave numbering algorithm.
I'm looking mainly at 1min bar charts of $UKX-FTSE & $INDU, & I'm finding it continually numbering & renumbering the waves incorrectly (for an example of this check out todays chart of $UKX-FTSE & do a tick replay from 11am GMT onwards). In addition to which it seems to take quite a while to before it renumbers an incorrect wave count. I've tried the alternative count settings, & talked to the support team & they told me to ask here (apparently Tom Joseph et al check this forum regularly).
I also have a problem with the fact that it seems to ignore shorter term fluctuations in price at one point, then several hours later, will number the wave patterns in those very same prices - unfortunately too late after the event.
Is there something I can do to change the settings/parameters to make it count more effectively in these conditions?
I'm trading these indices with trades lasting from 10min-60min & I'd be happy even if I could just know if the price was going to be up or down on the hour (in fact I'd be very happy) with a good degree of confidence.
I seem to be in a catch22 - if I increase the Wave1-3 Ratio or the lookback period the wave numbering may be more accurate, but it won't label shorter term waves that I need - on the other hand of I reduce these parameters the shorter term waves may be labelled, but the accuracy will be reduced & it'll renumber incorrectly even more frequently.
Any advice from anybody would be much appreciated - even if it turns out to be unrelated to Elliott Wave numbering but can be used to accurately predict whether the price will rise or fall over a period of 30-60min, especially in the currently rather choppy conditions of these indices.
Thanks,
Gsp.
I'm looking mainly at 1min bar charts of $UKX-FTSE & $INDU, & I'm finding it continually numbering & renumbering the waves incorrectly (for an example of this check out todays chart of $UKX-FTSE & do a tick replay from 11am GMT onwards). In addition to which it seems to take quite a while to before it renumbers an incorrect wave count. I've tried the alternative count settings, & talked to the support team & they told me to ask here (apparently Tom Joseph et al check this forum regularly).
I also have a problem with the fact that it seems to ignore shorter term fluctuations in price at one point, then several hours later, will number the wave patterns in those very same prices - unfortunately too late after the event.
Is there something I can do to change the settings/parameters to make it count more effectively in these conditions?
I'm trading these indices with trades lasting from 10min-60min & I'd be happy even if I could just know if the price was going to be up or down on the hour (in fact I'd be very happy) with a good degree of confidence.
I seem to be in a catch22 - if I increase the Wave1-3 Ratio or the lookback period the wave numbering may be more accurate, but it won't label shorter term waves that I need - on the other hand of I reduce these parameters the shorter term waves may be labelled, but the accuracy will be reduced & it'll renumber incorrectly even more frequently.
Any advice from anybody would be much appreciated - even if it turns out to be unrelated to Elliott Wave numbering but can be used to accurately predict whether the price will rise or fall over a period of 30-60min, especially in the currently rather choppy conditions of these indices.
Thanks,
Gsp.
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