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Money maker machine! 24 replies

The Volume Detective 411 replies

Attachments: MM (Money Maker) Detective Indicator
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MM (Money Maker) Detective Indicator

Quoting tradur
{quote} I think its a great idea (for manual trading). If with 50% ADR the first trade gets stopped out, I would only reenter a second time at 75% ADR and if that gets stopped out, I would only reenter the third and last time with 100% ADR.
@tradur -- thanks for proving my point. @turtlefan comes up with one idea, then @kirandiru with another, and then @Vicente and then you. Don't you guys see that it is never ending. You are still trying to "shoe-horn" BDX into your personal ways of thinking and don't get that doesn't work. You've been handed this strategy. You adapt to it -- it doesn't adapt to you. If you can't adapt or if you find yourself wrestling with it, then it is not for you.
There is no effort without error or shortcomings (T.R.)
Quoting robots4me
it's okay to mention ideas. And my point is that people mention ideas and expect that I would know what the right number is. It is not difficult to implement -- I can separate trades by 2 pips, 22.3 pips, 1022 pips. But I am not a magician and I can't predict the future and I am not about to spend hours, weeks, months testing for the right number.
Whoa, man. Nobody asked you to come up with any numbers or to predict the future. I only suggested that it might be nice for the users to have the option to limit the spacing between trades. Nothing more. You could even include a variable to either turn on or off this additional check. If off, the EA would function no different than it does now. That way it would not impact the current logic in any way.

Quoting robots4me
and how exactly will people test. Will you be in charge to make sure the testing is done methodically and all scenarios covered?
Why does anyone have to be "in charge" of testing? This is no different than experimenting with the distances of the ADR bands. You have a variable (Extreme Price % ADR) that users can change, and you've asked people to report their results for the benefit of all. BD gave his suggested numbers for that setting, but also said it was a starting point, meaning everyone should do what they think best and then share the results. In that way we all benefit.

Quoting robots4me
my frustration is not directed at you. I understand that someone who has never programmed doesn't think about what steps would be required to implement a feature.
Actually, I am a professional in the IT industry, and I have done plenty of coding, including some in MT4, so I understand it quite well. I don't want to minimize your work or effort, for which I am very grateful, but we are basically looking at adding a variable and a control statement based on said variable before an order is placed.

I understand your desire to keep the integrity of the current system intact. And I agree with you that we do not want any curve fitting, which is why just making it based on a percentage of ADR would make the most sense, in my opinion. In the end it is just another option to test with, much like we are currently doing with other variables. As I said, just an idea. Not trying to cause you more work or create any trouble for anyone. I am happily testing the EA as it now stands and will continue to do so. It was just something I noticed and thought I would comment about. Take care.

TF
Prices are never too high to begin buying or too low to begin selling.
Please all just keep testing, testing and testing with the recommended settings for at least 4-8 weeks. Then let's come back and discuss our experiences with default settings with screenshots and proof of success OR failure. THEN we will have data that Master R4M and BD can look at! It's that simple!

We all have ideas on how to improve, enhance and further improve but, for now, leave it and let the EA run 24/7 on the settings for H1/H4/D1 from BD's page...

In my opinion - it is the best system I've seen. I've been around and had EA's programmed for me by CodersGuru years ago. GIVE IT TIME! Too many cooks spoil the broth

Mark
Quoting turtlefan
{quote} Whoa, man. Nobody asked you to come up with any numbers or to predict the future. I only suggested that it might be nice for the users to have the option to limit the spacing between trades. Nothing more. You could even include a variable to either turn on or off this additional check. If off, the EA would function no different than it does now. That way it would not impact the current logic in any way. {quote} Why does anyone have to be "in charge" of testing? This is no different than experimenting with the distances of the ADR bands....
@turtlefan -- I appreciate your thoughtful response -- but we're still talking past one another.

Imagine releasing a trading tool that includes a setting that is left to users to decide what value to give it. And let's say a few hundred people use the tool. And then people post results -- some good, some bad, some complaining why their results didn't match with someone else's. Can you imagine the chaos that ensues? Sharing results would become totally meaningless unless everyone always included all their settings -- which, of course, no one does. Adding an undefined setting would set us back to the beginning. Furthermore, there is no evidence -- other than some hand-waving -- that it would make any difference.

You say you are a professional in the IT industry. Do your users get to fiddle with their network configuration settings? Why not allow them to choose which AP or Wi-Fi channel to associate with? Or what network packet size to use? Or whether or not to aggregate packets? Why not let everyone decide which network settings work best for them?

The software isn't used just by you -- there are hundreds of users. Again -- when it comes to trading software -- you adapt to it, not it to you. And regardless of your background, if you can't grasp that then it just is not for you. And since you are a professional in the IT industry who is accustomed to bending software to your needs, then that may not be something you are willing to contemplate.
There is no effort without error or shortcomings (T.R.)
Quoting robots4me
Imagine releasing a trading tool that includes a setting that is left to users to decide what value to give it.
That's like every robot ever made, and you already have released such a tool! There are already several variables that can be freely set by the user. I gave you an example of that in my previous post.

Quoting robots4me
Do your users get to fiddle with their network configuration settings? Why not allow them to choose which AP or Wi-Fi channel to associate with? Or what network packet size to use? Or whether or not to aggregate packets? Why not let everyone decide which network settings work best for them?
This is comparing apples to oranges, and you know it. Only I am allowed to make changes to my networks because allowing other users to tinker with them could impact the network for everyone else. On the flip side, what someone else does with the settings on an EA on his or her own trading account ultimately has ZERO IMPACT on me or you or anyone else. Each of us is responsible for our own decisions and accounts. So you don't need to play nanny with all Forex users by limiting their options.

Quoting robots4me
when it comes to trading software -- you adapt to it, not it to you.
Oh c'mon, Steve. You have already made MANY adaptations of your trading robot. How many versions has it been exactly? So why a long time ago didn't you just adapt to it instead of making it adapt to you?

Look, it's your and BD's robot. You can do or not do whatever you want with it. I was just trying to be helpful. I am an experienced trader and thought I could contribute an idea. I am now sorry I brought this up at all.

TF
Prices are never too high to begin buying or too low to begin selling.
Quoting turtlefan
{quote} That's like every robot ever made, and you already have released such a tool! There are already several variables that can be freely set by the user. I gave you an example of that in my previous post. {quote} This is comparing apples to oranges, and you know it. Only I am allowed to make changes to my networks because allowing other users to tinker with them could impact the network for everyone else. On the flip side, what someone else does with the settings on an EA on his or her own trading account ultimately has ZERO IMPACT on me or...
Quote
Oh c'mon, Steve. You have already made MANY adaptations of your trading robot. How many versions has it been exactly? So why a long time ago didn't you just adapt to it instead of making it adapt to you?
Right. Over the past couple of months the software has continually evolved and improved with the help of many people. And now it's done. We're in bug-fixing mode. This is the final release candidate. And now you guys come along and want to add yet another setting that no one has a clue what value to use, or even whether it would make much difference to trading performance. The BDX settings have already been explored, tested and recommendations made.

Quote
So you don't need to play nanny with all Forex users by limiting their options.
Right. And now we get to the crux of your issue. If you consider @bishopdotun's and my efforts to help ensure people succeed as playing nanny, well, I can make all the default settings blank and we'll let everyone tinker to their heart's content. I think that would be fun -- don't you?

@turtlefan -- it is clear the BDX strategy does not suit you -- it is much too simple and you require something a bit more complex that allows you to tinker.
There is no effort without error or shortcomings (T.R.)
Quoting YoungET
{quote} US doesn't like leveraged speculation.
Quoting FiveRows
{quote} Hi @northwind @robots4me is a US citizen, so he may introduce a lot increment. If your from the US, best bet would be to find a reliable VPN, and setup with an offshore broker, or use an offshore brokers VPS. But then you will need to sort out your billing method also. Does anyone know why they are screwing with you guy's.


Yes, but I won't use that kind of language here!!
If you can't say something nice-don't say anything at all.
Wondering if this is my broker.

Getting Dashboard alerts but no entry symbol on chart.

We discussed it before but happened several times this week. Not complaining just bringing it up so we know about it in case it is significant in the way the indi and dashboard works.

Example NZDUSD


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EX BBMA trader focusing on REE code.
Quoting Simontw
Wondering if this is my broker. Getting Dashboard alerts but no entry symbol on chart. We discussed it before but happened several times this week. Not complaining just bringing it up so we know about it in case it is significant in the way the indi and dashboard works. Example NZDUSD {image} {image}
@Simontw -- can you check the 'Experts' tab and make sure the EA hasn't crashed.

I think what may happen is there is a signal from the indicator and then it changes its mind -- i.e. repaints. But the dashboard signal will remain for the duration of the bar. In other words, the dashboard doesn't repaint. You can see from the indicator that SELL does make sense. I have to think about this some more -- however right now I think that is the correct behavior for the dashboard.
There is no effort without error or shortcomings (T.R.)
@R4M

Thanks for the response. It is not too much pf a big deal but thought to mention as must be some reason for it.

Immediately as I got the alert I checked the chart so if something did crash must have happened at the same time.

The buttons on the dashboard remained highlighted pink for a sell until candle close.

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EX BBMA trader focusing on REE code.
I was thinking about my exchange with @turtlefan. I know his intentions are good. And I know he appreciates our effort here. Yet I still wasn't able to get the message across. Also, I was rude. So I'm wondering why I feel so strongly about not making those types of changes -- and then it occurred to me.

I've said many times the "magic sauce" is the ADR offset from the midline. And now I realize there is additional magic sauce -- the BDX strategy's simplicity. You can't underestimate the value of simplicity. The change that was being suggested was to add a setting that no one had a clue what value to use, whether it would make a difference, or whether it would be subject to curve-fitting and need to be changed as market conditions changed.

For me, anything that strays from the magic sauce (ADR and simplicity) is foolish. And this is what always happens with EAs -- people keep adding more and more features thinking they are extracting a few more pips here and there but don't consider the side-effects. There are ALWAYS trade-offs, no matter how simple the modification. And at this point I don't want to mess with the magic sauce.
There is no effort without error or shortcomings (T.R.)
Quoting Simontw
@R4M Thanks for the response. It is not too much pf a big deal but thought to mention as must be some reason for it. Immediately as I got the alert I checked the chart so if something did crash must have happened at the same time. The buttons on the dashboard remained highlighted pink for a sell until candle close. {image}
@Simontw -- thanks for the follow-up. Okay -- so this makes sense to me. The indicator did generate an Entry signal and an Alert, which caused the dashboard button to change color. And if you had acted on the Alert you would have opened a SELL trade. At some later point the current bar received a tick that caused it to change its mind.

Just like you can't remove the printed Signal message from the log, you can't remove the color from the button. They are Alerts and alerts don't disappear.

Since you are trading manually you then did the right thing -- you checked the indicator and saw the dot was no longer there. So now you use your discretion to decide whether or not to open a trade or pass.
There is no effort without error or shortcomings (T.R.)
It works very well on h4
Why ppl want to change something that works is a mistery for me
No errors, no crashes, no 150 open orders, no bullsh1t
Trade frequency is lower on h4 for sure, but who cares since i dont even need to interfere with the EA

Anyways 50% of ADR is meaningless
Like why would you expect a reversal if price just completed half(or 30%, or 60%) of it's average range

Lol sorry, looks like i need a strong coffee
Attached Image
Necessity knows no law except to conquer
Quoting 3ndlessHope
It works very well on h4 Why ppl want to change something that works is a mistery for me No errors, no crashes, no 150 open orders, no bullsh1t Trade frequency is lower on h4 for sure, but who cares since i dont even need to interfere with the EA Anyways 50% of ADR is meaningless Like why would you expect a reversal if price just completed half(or 30%, or 60%) of it's average range Lol sorry, looks like i need a strong coffee {image}
50% ADR has a logic. If you use 50% ADR, the lower band to upper band is 100% ADR. When asking the question of why someone expects a reversal if price completed 30% or 60%, you are assuming that the price starts the day around midline. The question is: Does it? You should think upper and lower bands as a cycle.

Regards,
Blackeagle
Quoting Blackeagle
{quote} 50% ADR has a logic. If you use 50% ADR, the lower band to upper band is 100% ADR. When asking the question of why someone expects a reversal if price completed 30% or 60%, you are assuming that the price starts the day around midline. The question is: Does it? You should think upper and lower bands as a cycle. Regards, Blackeagle

Hi.

I agree with 3endlessHope. 50 % has not much logic. For the same logic one could add 4 centerlines with a offset of each 25% for example. But when the ADR cup is filled for 100 % in ONE direction seen from the centerline the chances much more higher ro reverse. Sure 50+50 is 100. But its very unusal that in a strong move it stops at a level of 50 or 40 or whatever, but 100 % averaging the last 20 days. Furthermore for what i understood so far the 1 hour-50 % is more a spinoff of the original sauce. Now many gets frustrated because the 1 hour isnt the holygrail. And on the 4 h the trades are not enough for them. Hoping this strategy wont go the adding features death like many before. Therefore its to good. Greets and thanks.


Klausi.
1 day test in a demo account with the new version, i think everything is ok, no errors, 10000 euros account, with 0,3% DD and 125 euros profit. Awesome work of Robot and Bishop, congrats ! will continue the test
Quoting robots4me
I was thinking about my exchange with @turtlefan. I know his intentions are good. And I know he appreciates our effort here. Yet I still wasn't able to get the message across. Also, I was rude. So I'm wondering why I feel so strongly about not making those types of changes -- and then it occurred to me. I've said many times the "magic sauce" is the ADR offset from the midline. And now I realize there is additional magic sauce -- the BDX strategy's simplicity. You can't underestimate the value of simplicity. The change that was being suggested was...
Magic sauce definition:ADR offset from the midline. If it’s not magic sauce functionality not required, stage 2 if R4ME wants to at all.
Quoting Klausi
{quote} Hi. I agree with 3endlessHope. 50 % has not much logic. For the same logic one could add 4 centerlines with a offset of each 25% for example. But when the ADR cup is filled for 100 % in ONE direction seen from the centerline the chances much more higher ro reverse. Sure 50+50 is 100. But its very unusal that in a strong move it stops at a level of 50 or 40 or whatever, but 100 % averaging the last 20 days. Furthermore for what i understood so far the 1 hour-50 % is more a spinoff of the original sauce. Now many gets frustrated because the...
Same question to you. Why do you assume day starts around midline?

Regards,
Blackeagle
Quoting Pip-Miner
{quote} Magic sauce definition:ADR offset from the midline. If it’s not magic sauce functionality not required, stage 2 if R4ME wants to at all.
Hello @Pip-Miner -- it's not very often that magic sauce crosses my path. For the foreseeable future my plan is to savor my / our good fortune in being gifted with the BDX strategy. So no plans for stage 2.
There is no effort without error or shortcomings (T.R.)
Quoting robots4me
{quote} Hello @Pip-Miner -- it's not very often that magic sauce crosses my path. For the foreseeable future my plan is to savor my / our good fortune in being gifted with the BDX strategy. So no plans for stage 2.
Sounds like you have been doing well live with those comments. Don’t forget to walk the dog.
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