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Bemac Aug 2, 2007 2:37am | Post# 1

Killer B
 
The Nuts:
Any Timeframe;
Calculate the Median Pip Movement/Bar in that Timeframe.
Get in when it moves 20% toward the Median.
Get Out when it reaches 80% of the Median.

The Bolts:
I haven't figured that out yet but I thought the Title would get me some help by way of 'Suggested Improvement.'

Actually I have figured it out but thought this might be a way to stop Juniors from chasing Rainbows.

:

Sorry if if I miss led you.

diallist Aug 2, 2007 2:52am | Post# 2

Thanks Bill. Shouldn't this be in the Trading Systems forum?

Calculate the Median Pip Movement/Bar in that Timeframe.

For what? Just the most recently completed bar, or the average for X number of bars? If the latter, what is X?

Get in when it moves 20% toward the Median.
Get Out when it reaches 80% of the Median.

What is "it"? The move in pips since the opening of the current, active bar?

.

Bemac Aug 2, 2007 3:13am | Post# 3

Wow.
First response from such an illustrious member.
Hi Charles,

Nice of you to catch on that it is a real strategy, but, for now, please leave it in the "Lounge"

I will respond to ""Relevent Questions"" such as yours.

Not the Most Recently completed Bar but more so where the PA is relevent to the Open of the TF {Weekly Chart = This Weeks open. Minimum I use is 5 min Relative to 24 Hour Session Open}

"It" = Price Action.

Sorry for the ambiguity but I'm still learning this game

Micro-MiniMe Aug 2, 2007 8:29am | Post# 4

Go Bemac
 
Last week I saw a response from you about the average median range in another thread. Glad to see you going in this direction.

One comment: This seams more like a range strategy than a breakout system. If so, that's awsome! You'll be pullin in pips while the trenders are bumpin the highs and lows.(~80% of the time)

Goodthings has a nice stats thread that might be usefull to determine likely price movement relative to fibos and pivots. Just a thought.

Just when I thought my brain was full...now I must make more room.

BeachBum Aug 2, 2007 8:37am | Post# 5

I do something similar most days; but I add the daily predicted high and predicted low to this method using Vantage Point software. One hour charts work best for me. This is a solid strategy with a very good success rate. I hope others who are looking for an uncomplicated way to trade follow your lead....................

The Nuts:
Any Timeframe;
Calculate the Median Pip Movement/Bar in that Timeframe.
Get in when it moves 20% toward the Median.
Get Out when it reaches 80% of the Median.

The Bolts:
I haven't figured that out yet but I thought the Title would get me some help by way of 'Suggested Improvement.'

Actually I have figured it out but thought this might be a way to stop Juniors from chasing Rainbows.

:

Sorry if if I miss led you.

smjones Aug 2, 2007 9:37am | Post# 6

Bill, no prblem keeping your thread here, but did you know that only members of FF can see it? The non registered cannot see the Lounge.

billflet Aug 2, 2007 9:42am | Post# 7

Hello Bemac,

Just wondering how many of your sound suggestions go overlooked because they seem too simple. For simple people like me, they're perfect.

Like this one here -- one more tool in my toolbox.


All the best!
Bill

PeterFM Aug 2, 2007 10:20am | Post# 8

Agreed....
 
Hello Bemac,

Just wondering how many of your sound suggestions go overlooked because they seem too simple. For simple people like me, they're perfect.

Like this one here -- one more tool in my toolbox.


All the best!
Bill
But ' simple is as simple does' as Blackadder might have said
I've been a regular Bemac clicker from my early days with VT, and while I respect the mind behind the posts, the thinking is often beyond me.
Now that's a problem I've got, and suffered from for years, but it doesn't always help the mathematically-challenged to understand, and investigate the concepts further.
Couple that with an inherent fear of looking stupid by not posting ""Relevent Questions"" keeps many away, I suspect.
For me an image is worth several immediate questions, and enables me to see at least the concepts involved.
So for this even more simple mind I'll keep tabs on this thread and try and understand more as you guys clarify it

StockKJay Aug 2, 2007 10:23am | Post# 9

The Nuts:
Any Timeframe;
Calculate the Median Pip Movement/Bar in that Timeframe.
Get in when it moves 20% toward the Median.
Get Out when it reaches 80% of the Median.

.
Bemac,

ATR on EUR/USD on 14 setting = 148. On new weekly bar open enter in either direction when it moves 30 pips (20%) and close when it moves to 118 pips on the week (80%). Do I have this right? I did base my thinking on "mean" instead of "median", so I may be somewhere else completely.


"Suggested Improvements"

.
Have you ever thought of using. ...... :

PeterFM Aug 2, 2007 10:28am | Post# 10

This was exactly the question....
 
Bemac,
ATR on EUR/USD on 14 setting = 148. On new weekly bar open enter in either direction when it moves 30 pips (20%) and close when it moves to 118 pips on the week (80%). Do I have this right? I did base my thinking on "mean" instead of "median", so I may be somewhere else completely.
Have you ever thought of using. ...... :
I wanted to ask, thanks StockKJay

Bemac Aug 2, 2007 6:18pm | Post# 11

Bill, no prblem keeping your thread here, but did you know that only members of FF can see it? The non registered cannot see the Lounge.
Ahh. Thanks Scott I didn't know that.

Although I am willing to allow it to be moved {and subsequently explain it in full detail}, the reason I posted it in the lounge was to guage the Trading Experience of those that responded.

Wonder why My Carrot drew responses from > 500 posts club. Better defined as dedicated Students {BillF. & M-MM}and actual Traders.

I suppose the "Joined in June Club" are to eager for success to bother with The Lounge.

Antra Aug 2, 2007 6:37pm | Post# 12

Hmm??? and where are the.......

'Can someone make an EA for this?' posts?

Being one of the mathematically challenged around here I am learning to accept that and just convert all I can to a visual format. We can't all be the same.

Simple is good.

Cheers

diallist Aug 2, 2007 6:50pm | Post# 13

Wow.
First response from such an illustrious member.
Hi Charles,

Nice of you to catch on that it is a real strategy, but, for now, please leave it in the "Lounge"

I will respond to ""Relevent Questions"" such as yours.

Not the Most Recently completed Bar but more so where the PA is relevent to the Open of the TF {Weekly Chart = This Weeks open. Minimum I use is 5 min Relative to 24 Hour Session Open}

"It" = Price Action.

Sorry for the ambiguity but I'm still learning this game
You're still learning this game? LOL! Yer too funny Bill!

Thanks for the reply. That's what I thought you meant, but wanted to be certain. As for a suggestion for improvement, the most obvious would be trading with the longer trend only, but I'm sure that goes without saying, so forget I said it.

Thanks Bill

Dial

Bemac Aug 2, 2007 7:00pm | Post# 14

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Ok Folks,

Let me spend the weekend {a Scorching long one in Albeta} seeing if I can do this thread justice by adding some visuals as aids to understanding.

If can accomplish this task, I will ask it to be moved to 'Systems'.

I'm not sure, as yet, how I will deal with the ignorant repeat questions but let me say this to those of you that have read this thread prior to this post.

The only silly question is one you have already been given the answer to, numerous times.

I would like to add that I do have some admiration for those that post things like...

I don't care how it works, as long as it does. I'm a Mover and a Shaker. Just tell me when to push the button.

They will probably end up richer than me.

One last thing before I venture into the dunny for 3 Days.

This is Not an Original Concept of mine. Merely a refinement of an Old one.

Will leave this cpu on this screen while working on the project...
So...
I will continue to read questions to help me decide what I should include in the Visuals.

Here is a current image of GBP/USD 5 Min trading on the Daily Median Range.
L8R Folks.
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billflet Aug 3, 2007 12:28am | Post# 15

Ahh. Thanks Scott I didn't know that.

Although I am willing to allow it to be moved {and subsequently explain it in full detail}, the reason I posted it in the lounge was to guage the Trading Experience of those that responded.

Wonder why My Carrot drew responses from ...

LOL It wasn't the carrot that lured me in. You could have named it "Bemac's Failed Breakout Strategy" and I still would have read it. Actually it was the carrot -- the carrot being the Bemac. The Bemac flag lends credibility to anything that follows, no matter what the title or subject. Even when you talk in riddles you still point us toward the gold.

Have a good weekend Bemac.

JodyOng Aug 3, 2007 3:07am | Post# 16

Interesting. With what you said Bemac, this is a range strategy where you are playing retracements towards the median?

So if I'm looking at a 4 hours chart, I take the median price, and once prices move 20% towards that median, I enter correctly with a tp at 80%?

Is my interpretation correct?

Sorry, I take some time to understand stuff.

Gwan Aug 4, 2007 12:10am | Post# 17

sorry if i missread it....
 
but , Where 's the break out?


Actually I have figured it out but thought this might be a way to stop Juniors from chasing Rainbows
maybe somewhere over the rainbow?:

i think i ever heard thing like this called something related with head and tail (sorry my newbie brain has weak memory) it is kind of only take 80% of our target profit for better sure fire. (Learned from Japan translated manga)

Silver Aug 4, 2007 6:21pm | Post# 18

Breakout Str
 
Bemac

How nice to read a thread where no question was ask more than once, If it was not going to sound selfish I would ask to keep the thread here, but obviously that will be selfish of me.

Most threads are so long because the same comments and question keep popping up over and over again, I only hope that the people that will read this thread and contribute will at least read everything first before asking questions that have been answered countless times.

Looking forward to the next lesson.

Regards

Silver

Micro-MiniMe Aug 4, 2007 8:06pm | Post# 19

Bemac

Most threads are so long because the same comments and question keep popping up over and over again, I only hope that the people that will read this thread and contribute will at least read everything first before asking questions that have been answered countless times.
Bemac has a very influential a friends here in a da factory. If anybody messes up his a threads, we goina wak em. You like? Yeh, you like. Get da message out, ok?

mcmep11 Aug 4, 2007 10:15pm | Post# 20

Interesting. With what you said Bemac, this is a range strategy where you are playing retracements towards the median?

So if I'm looking at a 4 hours chart, I take the median price, and once prices move 20% towards that median, I enter correctly with a tp at 80%?

Is my interpretation correct?

Sorry, I take some time to understand stuff.
and to further clarify that question, "I take the median price, and once the price moves 20% of the difference between current price and the median I enter....

mcmep11 Aug 6, 2007 2:31am | Post# 21

wow its been quiet here! didnt mean to crash the party!

Bemac Aug 6, 2007 3:25pm | Post# 22

The Killer B
 
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Hi Guys and first of all, let me apologise for not posting this sooner.
{Didn't realize we were having an impromptu Family gathering @ our place this weekend.}

As I have stated previously, this is not rocket science, so rather than speak to the Math Gurus here I will direct my comments to those that claim Math Confuthion.

OK: Here we go. I am presently working on it and probably 1/3 of the way through so...
If you wouldn't mind simply Making Notes of your questions until I post the whole thing, that would be terrific.

Meanwhile, here is the basis of "The Killer B"

Each Currency Pair moves in Price Every Day. Some more than others.
Each Pair have a Range of Ticks that the Market will accept as Normal.
Whether that be from:
1) The Open straight to the High OR Low Close of the Day.

2) The Open to an Intra Day Low & FROM THAT LOW TO THE HIGH OF THE DAY.
Or Vice Versa.
The Open to an Intra Day High & FROM THAT HIGH TO THE LOW OF THE DAY.

*Note* Abnormal Days Happen Too.

Our Objective is to catch some of that Daily move but first we have to Define "THE DAY."

Is it London, NY, Tokyo? That's up to you. {We'll discuss this later}But to the Strategy, "THE DAY" is 24 Hours Long.

Image
GBP/USD Daily Chart. with H-L Indicator showing ~ 150p Range.

ps. Diallist, Presumptuous of me I know but...is there anyway I could post the completed Strategy to an invisable thread for the mods {any that are willing that is} to proof it before posting Public?
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Bemac Aug 6, 2007 4:17pm | Post# 23

Calculating MDR
 
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On the previous image, GBP/USD Daily, I have Calculated the H-L of Every Bar.{Black Histogram}.
I have also Eyeballed the level that may be considered as "Normal".{Red Line}.
Notice that the Red Line suggests that there is a pretty good chance that there may be a difference of 150p between Today's High & Low. But Which Way & How do I get some.

Well, Let's Zoom In & take a closer look.
Let's break that Daily Bar into 288 fragments and see if we can find some points of interest.
Yes. A 5 Minute Chart. But Remember, we are Trading based on the Daily. I only use the 5Min so that I can Trade Based on Close of a Minor Bar.
*Notice* I have now calculated the OHLC of the previous 24 Hour Period which gives me a Database {list of numbers refering to All the Previous OHLC} I can refer to.

Now I calculate a Specific number of ticks {pips} I can Reasonably Expect Between Today's Low to High. {111p on above Image. MDR in inspect window}

Code Logic.
Step 1. At the end of Each Session, Subtract the Low from the High. eg. {H-L} [Todays Range]
Step 2. Add to the Lowest result of Step1, the (Highest result of Step 1 Minus the Lowest Result of Step 1) Divided by 2. eg. {Min + ((Max-Min)/2)} [Median Day Range]

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Bemac Aug 6, 2007 4:22pm | Post# 24

The Percentages of MDR
 
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If Today's OPEN AT MY SESSION START TIME. NOT THE SERVERS.{say 2.0340 @ 6:15 EST} is to be the High for the Day, then I could expect that 2.0229 would be the Low for the Day. {2.0340 - 0.0111 = 2.0229}
Still a Shot in The Dark though. Today's Open could be the Low for the Day. I Don't know which when it Opens.

So I have to wait for More Info.
The following percentages are raw and can be seasoned to the users preference.

Code Logic.
Step 3. If 111p = 100% of MDR what does 20% = ? {111*0.2} = 22.2p
Step 3. If 111p = 100% of MDR what does 80% = ? {111*0.8} = 88.8p


Wait for it to move 22.2 Pips in one direction {20% of MDR} to Enter In that Direction.
When it acheives 88.8 Pips in that direction, {80% of MDR} Take Profit on a 66 Pip Move and Exit.

Conservative Percentages.
33% of MDR from Open to Entry.
62% of MDR from Open to Exit
Targeting 29% of MDR or 32 Pips

Aggressive Percentages.
15% of MDR from Open to Entry.
96% of MDR from Open to Exit
Targeting 81% of MDR or 90 Pips

My Most Common Percentages.
20% of MDR from Open to Entry.
80% of MDR from Open to Exit
Targeting 60% of MDR or 66 Pips
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Bemac Aug 6, 2007 4:28pm | Post# 25

Stop
 
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Initial Stop Loss {SL}
I know this will be a major topic of discussion in this thread but, presently I use a Stop & Reverse {SAR} method.
In other words, If I get a Long Signal because the 5 Min Crossed & Closed above the Upper 20% Entry Line, My Intial SL will be at the level of the Lower {Short Entry}Black Line.

Think about this when you decide which percentages you want to try as the Aggressive set will have more Whipsaws.

On this Strategy, I have another AutoStop set for 1 Hour before Session Start to ensure that I am Flat prior to Session Open.
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Bemac Aug 6, 2007 4:28pm | Post# 26

Session Start Time
 
I use 6:15 EST as a default but not on All Pairs.
Why? Because I want to get the Pulse Before The Indicies Open.
Notice I'm also "Watching" Before Most Major News Events.
You may want to adjust this depending on your location on the Planet.

Ok. I have to go spend some time with my company {Family & Friends} Will be back here later.

Bemac Aug 6, 2007 5:11pm | Post# 27

For VTT Users.
 
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Oops: For those of you familiar with VTT
Forgot to post the Strategy.

As you will notice. We still have lots to discuss. I hope you have the time to stay tuned.
Killer_B.vttrs

smjones Aug 6, 2007 5:15pm | Post# 28

Questions and Comments
 
Please post your comments and questions here.

http://www.forexfactory.com/showthread.php?t=41642

Bemac would prefer to keep the strategy all together, until he is finished with it.

This post will be deleted when Bemac resumes

Bemac Aug 6, 2007 5:27pm | Post# 29

The Full Swarm
 
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Killer B's.

As you will ALL notice. We still have lots to discuss. Let's do that in the Comments thread please.
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Bemac Aug 7, 2007 9:02pm | Post# 30

Lower Sub Frame
 
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OK, Let's talk about what is in the frame below the chart as it is used as both an Objective & Subjective Filter.

What we have here is a compilation of...
Standard Slow Stoh of the Chart TF we are looking at set at 4, 4, 2 {Blue Line}.

Custom Slow Stoh of the Chart from a Higher TF of our choice set at 4, 4, 2 {Default = 2 Hour TF & is Red Line}.

The "Overlayed Stohs" are an Objective Filter and have some input on triggering Entries Only.

The Vlm 100 is purely, at this point, a Subjective visual confirmation.


Tick Volume {I know, I know, but I suspect that if Vlm is UP @ Brkr 'A', Vlm is also UP @ Brkr 'B'} modified to run in a Scale between 0 to 100. Then it is visually enhanced by defining a Higher Close vs a Lower Close. {Blue Bar = Higher Close. Red Bar = Lower Close.}

Before we dig into it too deep. Look at wht happens to the price when the 2 Stohs Cross.

btw. I suppose I should mention that I have been using this system long before, and actually offered some opinions in the Sxy Stoh thread, but it appears the readers were not interested in my input.
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Bemac Aug 11, 2007 10:21am | Post# 31

How the Week turned out.
 
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Update to Chart in Post # 29.
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Bemac Aug 12, 2007 4:26pm | Post# 32

How the Stohs work
 
The Only requisit the stohs have is that they be within a count of 10{ten} of each other to allow the Trade.
Think about it.
Other than the Dynamic TSL, which is based in 50% of target acheived Trailer kicks in. That's it.
Hey Scott,
Move it to the Systems Forum now if you like & ReName it "Killer B."

Bemac Aug 12, 2007 6:20pm | Post# 33

while I respect the mind behind the posts, the thinking is often beyond me.
Hi Peter, I should have responded to this long ago but se la vie.

The Riddle of my posts is merely my attempt to get Traders to THINK.
If you have any questions regarding my posts, then I got you to do just that.

Can I help you unravell the fankle? If so please, afford me the opportunity and, ask away.

JR97 Aug 12, 2007 7:26pm | Post# 34

Hey Bemac. Saw your thread and thought I'd stop in and say hi. Hope things are going well. Still using VT, I see, eh?

Bemac Aug 12, 2007 8:29pm | Post# 35

Hey Bemac. Saw your thread and thought I'd stop in and say hi. Hope things are going well. Still using VT, I see, eh?
Hey JR, Please check in often as I feel we could use your expertise in XL, API.
Yeah, still using VT.

{Searchin' for Stanley}
For those that don't know JR97.Socially he is an ice hockey fan. In business he will take your money and not have time to say 'Thank you' before he moves to his next contributer. An aspiration we all have,

JR97 Aug 12, 2007 9:57pm | Post# 36

Thanks for the compliment. As requested in one of the above posts, I'll keep my comments for the comments thread. I like the idea for the system, though.

and btw, bemac is the baddest VT programmer there is. Does the impossible with a limited programming architecture.

morse Aug 19, 2007 6:48am | Post# 37

Can you help
 
Hi,

I have been following your thread with interest, I have read it 5 times.

I was confused at first about how to obtain the median, ATR is not I repeat not the median, I use MT4 and have a programme that calculates the ATR but not the median, I realise you use VT do you know any programme that can calculate the median for MT4 (I am not a programmer ). Also I am still not sure how many daily bars you calculate to obtain the median Is it the last daily Bar? i.e if it is Tuesday do you calculate Monday's Median? I wonder if you can run thorough another calculation on how you obtained the median. Thanks in advance for all your hard work

abedewi Aug 19, 2007 9:42am | Post# 38

System Visuals
 
Dear Bemac;
I hope we can get a clue about the success of this system in live trades and backtesting.
I also have one more question; did u disable the visuals in your system or not? beacuse I can't get my charts like the posted screens you posted earlier.

Regards;

Ahmad

mcmep11 Aug 19, 2007 5:36pm | Post# 39

interest
 
glad to see more interest in this, I also wasnt clear on how many candles back to use to calculate the median. I was looking at just the previous days candle, but some other posts made me question, can you clarify?

billflet Aug 21, 2007 12:47am | Post# 40

To all who are wondering why we haven't heard from Bemac:
He's out of the country attending to family matters. Namely his father's passing to the next world. Here's wishing him and his family all the best and a safe trip.


Bill


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