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The ZiGZag Indicator
Straight off the bat, I should say the ZigZag function is useful during the strategy development phase as it graphically presents the main trend with great clarity.

The ZigZag function
Should never be used in trading or backtesting as the signals keep repainting when more data is received. The repainting is due to the dynamic nature of this function, therefore, the backtest results can be highly misleading.

Beginners trap
It's important to remember when backtesting a strategy great care should be taken to exclude any revisable parameters ensuring the backtest results are valid & accurate.

One advantage of the ZigZag indicator
It can be used to graphically reveal the profit potential as a guide to how accurate your signal is in relationship to the pivot points.

Pure Gold

Skate.

<blockquote data-quote="Skate" data-source="post: 1199095" data-attributes="member: 57364">The ZiGZag IndicatorStraight off the bat, I should say the ZigZag function is useful during the strategy development phase as it graphically presents the main trend with great clarity.The ZigZag function Should never be used in trading or backtesting as the signals keep repainting when more data is received. The repainting is due to the dynamic nature of this function, therefore, the backtest results can be highly misleading. Beginners trapIt&#039;s important to remember when backtesting a strategy great care should be taken to exclude any revisable parameters ensuring the backtest results are valid &amp; accurate.One advantage of the ZigZag indicator It can be used to graphically reveal the profit potential as a guide to how accurate your signal is in relationship to the pivot points.Pure GoldSkate.</blockquote>

[QUOTE="Skate, post: 1199095, member: 57364"] [B]The ZiGZag Indicator[/B] Straight off the bat, I should say the ZigZag function is useful during the strategy development phase as it graphically presents the main trend with great clarity. [B]The ZigZag function [/B] Should never be used in trading or backtesting as the signals keep repainting when more data is received. The repainting is due to the dynamic nature of this function, therefore, the backtest results can be highly misleading. [B]Beginners trap[/B] It's important to remember when backtesting a strategy great care should be taken to exclude any revisable parameters ensuring the backtest results are valid & accurate. [B]One advantage of the ZigZag indicator [/B] It can be used to graphically reveal the profit potential as a guide to how accurate your signal is in relationship to the pivot points. [B]Pure Gold[/B] Skate. [/QUOTE]

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