Al-mudarraj: The best tool at market murky times

this thread is raised here upon the request of many members,
it is the succession of obsolete thread "circles"

Attachment 4



When market gets ambiguous , no clear trend, and so on, MUDARRAJ may help to trade overbought/oversold situations!

above picture depicts its core function in its simplistic form!

simply, instead of placing market order now on EURUSD, buying 1 lot at 1.2300!! fracture this 1 lot to 0.02 lot fifty times from 1.2300 to 1.2250!!

Now: how to apply this expert? (considered it semi-auto, semi-manual trading)

When you apply it for the first time, do not worry, every thing is zero.
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look at all values on pict. all are "0"

reference values icon:
click on ref icon to start sensing pips movement of all pairs from the current prices.

current prices definition: they are the prices of each pair when you click on that icon. that means ASK/BID at that moment.

example: in picture below GBPNZD goes up by 0.3 pips till this moment, with hours it may go up 100 pips or drop down by x pips!! future tell.

assume now we want to activate only single pair.
Reason: my account deposit is only 196.00 USD!!

simply we click on the square above pair name.
there are 1) a small square and 2) a small circle

square: for activation (to allow trading of this pair)
circle: for deactivation ?(to remove the pair from expert trading)

we want to trade NZDUSD ONLY?? simply click on its square.
look at NZDUSD color -- it becomes Lime.

activate all 28 pairs
cancel all 28 pairs
just by single mouse click on the appropriate square in less than one second.

display Bid or Ask prices!!

you now from forex basics:
1) Ask is related for BuyEntry/SellExit
1) Bid is related for BuyExit/SellEntry
so choose what you want to follow!!

on picture below it is situated above or under pairs names, and reflect current prices.

Setting offset and DiffPips:
through two ways:
1) either through Dummy Field
or
2) through shortcut--squares shown on the picture below.
in the last case always offset value = DiffPips value

but the first one you can make them different--for example offset=17 pips, DiffPips = 19 pips

if you click on the fifth Square: offset=5 ---DiffPips=5
there are a lot of squares!! you can know the value if you put mouse pointer on the square (before you click on)

Dummy field which we explained yesterday in another thread
1) write any value in the field
2) watch if it is reflected in expert memory. this memory always keep the last value of dummy number. sometimes due to system-busy it may take seconds to transfer value to memory.
3) then if you see your chosen value in memory you can apply it then to nay variable (offset, target, or limiter etc ...)

Mr. X ask: i want to limit lot amount for GBPNZD--SELL and BUY to 0.50 LOT. when lots accumulate, their sum should not exceed 0.50 lot even though I choose total order number to be 333 orders in sell direction?? what should I do??
Mr. Y ans: simply write in dummy field 0.50, then go to GBPNZD column, Lot_limiter raw, and click on the value there, it will be changed to 0.50. look at pict.

is it a myth to overcome forex market fierce tides!!! ??
How can one depict the ferocity of the market!!?

if you belief that there are supernatural beings called "Big Market makers", those whose job is hitting your SL" you are credulous!! مخفة

do you think those large-size beings -with huge muscles - are working hard to notch your 54.31 USD!!
if we confess "we are amoebic"!! we do the right thing
we should not speak, when our silence is a must!

sorry for that!! but I read shortly, one claiming that BIG FISHES hit our SL!!
the truth is: our SL is wrong! reflecting our amoebic thinking!!

Look:
we do the following:
1) select all 28 pairs
2) both directions
3) danger setiing: offset=1 pips, DiffPips=1 pips, Ladder=3, no lot limiter, no orders limiter
4) apply it in wrong time.
orders are LIMIT, if it was changed to STOP orders, the result may be +30%

Now proper time: we are after US-OPENING.
My recommend you can check it in pending order-page:
chfjpy-nzdjpy- all buy
gbpaud-aeuraud-gbpcad-eurcad--all sell
diff=offset=5 pips=-----ladder=2 -- orders=9;
target: close at the end of this day.
=========

continue:
widerPips Concept: when any pair is going in one direction violently, it will get weak at some point of time, so we want to put more orders at possible point of reflection

instead of constant DiffPips, each time it will be decreased from prev value by some pips called WiderPips
Example:

Quote

Disliked

WiderPips

assume price now is 1.00000 for pair YYYXXX, Type: SELL-LIMIT
OFFSET=20, DIFFPIPS=30; WiderPips=-1; (minus 1)
offset=20----> 1st SELL-LIMIT will be at 1.0020
DIFFPIPS=30 - 0=30 ----> 2nd SELL-LIMIT will be at 1.0050
DIFFPIPS=30 - 1=29 ----> 3rd SELL-LIMIT will be at 1.0079 (not 1.0080)
DIFFPIPS=30 - 2=28 ----> 4th SELL-LIMIT will be at 1.0108
DIFFPIPS=30 - 3=27 ----> 4th SELL-LIMIT will be at 1.0137

and so on
each time we decrements DIFFPIPS by -1 (general: we decrements DIFFPIPS by WiderPips)
we make orders narrower

Mudarrag is Arabic word, meaning increase gradually or in steps,
1) increase lots gradually
2) increase entry point prices gradually

for prices we use variables called: offset -- diffPips -- WiderPips
for Lots we use variables called: Ladder --- First_Lot - Lot_increment

but if you select a positive value for WiderPips, say +2, the orders pending prices will be:
offset=20----> 1st SELL-LIMIT will be at 1.0020
DIFFPIPS=30 + 0=30 ----> 2nd SELL-LIMIT will be at 1.0050
DIFFPIPS=30 + 2=29 ----> 3rd SELL-LIMIT will be at 1.0082 (not 1.0080)
DIFFPIPS=30 + 4=28 ----> 4th SELL-LIMIT will be at 1.0114
DIFFPIPS=30 + 6=27 ----> 4th SELL-LIMIT will be at 1.0146

each time increment prev value by 2

last case we "widen" --- +ve
case before we "narrow" --- -ve

so WiderPips is a collective term for both cases.

rvenky, please confirm you understand every post. if not stop me.
==
Ladder Concept: is has been said in post#16, it is related to lots calculations.

Ladder=3: means each 3 orders increase lot amount by lot increment
Ladder=1: means each 2 orders increase lot amount by lot increment

if FirstLot=0.01 lot
and
LotIncrement=0.01
and
Ladder=2;
then
1st order lot=0.01;
2nd order lot=0.01;
3rd order lot=0.02;
4th order lot=0.02;
5th order lot=0.03;
6th order lot=0.03;
7th order lot=0.04;
8th order lot=0.04;
9th order lot=0.05;

each 2 orders we increment.

if Ladder=1;
1st order lot=0.01;
2nd order lot=0.02;
3rd order lot=0.03;
4th order lot=0.04;
5th order lot=0.05;
6th order lot=0.06;
7th order lot=0.07;
8th order lot=0.08;
9th order lot=0.09;