✜ v2v dynamic trading system ✜ ─ for the MT4 platform
A Project Lookin' Glass by v2v...
An innovative trading system designed specifically for the retail trading environment. It is dynamically driven by a Dominant Cycle Period (DCP) and MomenTicks, a volume-weighted momentum algorithm.
There is nothing usual about the v2v dynamic trading system. The chart does not contain directional arrows or trigger alerts for long/buy or short/sell signals. As a result, it requires critical thinking on the part of the person sitting between the keyboard and the chair. Yes, that is you.
Since this system is constantly being developed and updated, it does not have a user manual, and therefore requires due diligence to understand.
“Take a deep breath, relax, and start believing we are living in the Matrix, where the Market (Makers) can't kill you, but the Market thinks they can. Then... As you start to walk with the Architect from beyond (who holds the Akashic records), you'll begin to clearly observe what is happening while a newly developed neural pathway to the art (or science) of trading is being designed for you. By having such, you (must) may arm yourself with this system, coupled with a tried and tested trading plan (strategy/method), sound position-sizing or money management, and a scam-free retail broker. And finally, as you gain more experience, you can become a consistent profitable trader.” ─ Agent v2v
That said, be sure to...
The v2v dynamic trading system is a discretionary trader designed for someOne with a systematic trading plan/strategy. Thus, it may help to manage trades or position existing positions... Otherwise, find a mean/overall directional probability.
A gentle reminder...
─ Keep this in mind... There's always room for improvement in this system.
─ Ideas/suggestions are welcome but don't expect to be added or considered.
Now while trying to identify what is real and what isn't, it may seem like you have entered the Matrix already. But... in any case, it all depends on what pill you took from Morpheus (red or blue pill).
Meanwhile, you may feel as if you have been resurrected. Please do not worry, you will be fine. And at other times, you might see a Black Cat just walk by and then be followed by another that behaves similarly as you begin to wonder... Is it deja vu? Again, don't worry, it simply means that I'm currently altering the codes of the v2v dynamic trading system.
The definition of technologies used inside this system...
☛ The VWAP bands on this system
Using an average true range/average range or an average daily range, the VWAP bands (shifted from the main line) are calculated with statistical z-scores. The VWAP calculation is primarily based on the lecture by Dr. Paul Levine (R.I.P.) on the MIDAS system.
A statistical z-score value can be injected into an algorithm or included in an equation for predicting trend-end probabilities. The vertical line guides on this system (from & to) are used for plotting price inflection points or session ranges (4-hour, daily, weekly, and monthly or 8-hour or 24-hour market range). The setup included a feature that can switch from MVWAP (MA-based VWAP ) to classic VWAP. MA (Moving Average) is a non-lag Hull MA calculated using Fulk's Matulich for T3-based MA. As a result, I call it T3-HMA.
As part of the system, linear, volume-weighted MAs are applied (but only some of them, as the rest use adaptive calculations with Price) before adding the DSMA filter (Deviation-Scaled MAs by John F. Ehlers). Then, the MA's period calculation within the system is calculated/assigned dynamically based on the current Dominant Cycle Period.
☛ Dynamic Zones by Leo Zamansky Ph.D. and David Stendahl
The Dynamic Zone indicator elaborately shows how it solves common trading complications. An oscillator is a tool used in extreme investing to take advantage of market trends. This style of investing follows a very simple form of logic: only enter the market when an oscillator has moved far above or below traditional trading levels. However, these indicator-driven systems cannot evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market.
Herein lie the complications. Once traders begin introducing their market opinions into trading equations, they negate the system's mechanical nature by changing the zones. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market -- bull or bear. Dynamic Zones offer a solution to the complications of fixed buy and sell zones for any indicator-driven system.
☛ Jurik filter ─ phase and smoothing
JMA (Jurik Research Moving Average) phase and smoothing calculation. Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps are up or down in a substantial move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates these complications forever and gives you the benefits of both worlds: low lag and smooth lines.
Ideally, for instance, a filtered signal should be smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically results in lower profits. In other words, latecomers get what's left on the table after the feast has already begun. The JMA's improved timing and smoothness will astound you.
JMA is a powerful adaptive tracker that can smooth time series data with minimal lag, no overshoots, and no oscillations. The algorithm is stable and avoids the complexities of neural networks. JMA delivers the most reliable all-around performance for smoothness, accuracy, and timeliness.
☛ Best Formula: Using Average Price Bar ( APB )
Average Price Bars provide a better depiction of the current market by eliminating or reducing fluctuations in nominal price action often referred to as “choppiness” of current High, Low, and Close price action. In other words, APB removes the noise of price distortion.
☛ haDelta (Heiken Ashi - Delta)
haDelta is a simple formula originally developed and published by Mr. Dan Valcu. The idea behind haDelta is to quantify HA candles. One can measure momentum, which is very important when you use haDelta for reversals. It measures the difference between haClose and haOpen. Caution: High sensitivity if used.
☛ Uses Hull MA (by Allan Hull) but this one is a variation from Low lag to zero-lag
There are many types of moving averages, the most basic being the Simple Moving Average (SMA). Of all the moving averages the SMA lags the price the most. The Exponential and Weighted Moving Averages were developed to address this lag by placing more emphasis on more recent data. The Hull Moving Average (HMA), developed by Allan Hull, is an extremely fast and smooth moving average. The HMA almost eliminates lag and manages to improve smoothing at the same time. The dynamic MyRSI with NET combined with T3 Hull MA variation with Jurik filters, and phase & smoothing ultimately eliminates lag.
☛ Ehler's Deviation-Scaled Moving Average ( DSMA )
In TASC magazine's July 2018 issue, John Ehlers introduced his newly designed DSMA. The DSMA is a data smoothing technique that acts as an exponential moving average with a dynamic smoothing coefficient. The smoothing coefficient is automatically updated based on the magnitude of price changes. In the Deviation-Scaled Moving Average, the standard deviation from the mean is chosen to be the measure of this magnitude. The resulting indicator provides substantial smoothing of the data even when price changes are small while quickly adapting to these changes.
☛ Vertical Horizontal Filter ( VHF )
Vertical Horizontal Filter (VHF) was created by Adam White to identify trending and ranging markets. VHF measures the level of trend activity, similar to ADX in the Directional Movement System. Trend indicators can then be employed in trending markets and momentum indicators in ranging markets.
☛ Dominant Cycle Period ( DCP )
The DCP-generated value is being used as a dynamic Period parameter value (for dynamic MyNET).
Based on Homodyne Discriminator by John F. Ehlers, Rocket Science for Traders . This type of algorithm exhibits superior performance in a low signal-to-noise environment.
☛ Linear Momentum ─ a.k.a. MomenTicks
Linear momentum is defined as the product of a system's mass multiplied by its velocity. In symbols, linear momentum is expressed as p = mv. Momentum is directly proportional to the object's mass and also its velocity. Thus the greater an object's mass or the greater its velocity, the greater its momentum.
☛ My NET ( Noise Elimination Technology )
As a technical indicator, My NET employs Kendall correlation to eliminate nonlinear noise. However, the application of additional filters in this system results in a significantly less noisy plot than RSI.
The NET is a modified version of the RocketRSI Relative Strength Index. A one-bar close price difference is calculated as the ratio between their absolute values and the sum of the recent one-bar close price differences.
☛ Elegant Osci
In a unique update for dynamic MyNET with SmoothStep function, "An Elegant Oscillator: Inverse Fisher Transform Redux," author John Ehlers (At TASC Magazine article - February 2022) explains how he uses the inverse Fisher transform to create an indicator he calls the elegant oscillator.
First, he describes the Fisher transform before explaining the inverse Fisher transform, which provides normalization by dividing the root mean square (RMS) value into the waveform.
The elegant oscillator can spot reversion-to-the-mean opportunities with improved timing capabilities.
☛ Momentum Deviation
This is another variation of a standard deviation as it got embedded with dynamic MyNET
- it uses the momentum of price (instead of price itself) for calculation
- it is calculated in a way that it takes minimal CPU load
- As far as values are concerned, it is similar to standard deviation. Same as standard deviation -it can calculate the deviation of anything.
☛ The ADX
ADX is a very popular indicator and its elaborated form is the Average Directional Movement. Traders rely on this indicator to assess the strength of the trend. But using the traditional ADX requires a perfect understanding of the highs and lows of the market. To make things easier, the developers have created ADXm Indicator.
dynamic MyNET uses the ADXm algorithm.
☛ The Linear Regression-adjusted Quantitative Qualitative Estimation double
TASC magazine August 2022 issue, featured another variant of a moving average called “The Linear Regression-Adjusted Exponential Moving Average." Author Vitali Apirine presents a technique called the linear regression-adjusted exponential moving average (LRAdj EMA) to combine a linear regression indicator with an EMA. The indicator can be used to help define turning points while filtering price movement. The LRAdj EMA can be applied in combination with a traditional exponential moving average of the same length to facilitate trend identification.
☛ Hurst Exponent with NET (a variation) - inside dynamic MyNET
In the 1970’s an American engineer called JM Hurst published a theory about why financial markets move in the way they do. The theory was the result of many years of research on powerful mainframe computers, and it became known as Hurst’s Cyclic Theory. Hurst claimed a 90% success rate trading on the basis of his theory, and yet the theory has remained largely undiscovered and often misunderstood.
The Hurst Exponent is used as a measure of long-term memory of time series. It relates to the autocorrelations of the time series, and the rate at which these decrease as the lag between pairs of values increases. Studies involving the Hurst exponent were originally developed in hydrology for the practical matter of determining optimum dam sizing for the Nile river's volatile rain and drought conditions that had been observed over a long period of time. The name "Hurst exponent", or "Hurst coefficient", derives from Harold Edwin Hurst (1880 - 1978), who was the lead researcher in these studies; the use of the standard notation H for the coefficient relates to his name also.
The Hurst exponent is referred to as the "index of dependence" or "index of long-range dependence". It quantifies the relative tendency of a time series either to regress strongly to the mean or to cluster in a direction.
A value of H in the range 0.5 - 1 indicates a time series with long-term positive autocorrelation, meaning both that a high value in the series will probably be followed by another high value and that the values a long time into the future will also tend to be high.
A value of H in the range 0 - 0.5 indicates a time series with long-term switching between high and low values in adjacent pairs, meaning that a single high value will probably be followed by a low value and that the value after that will tend to be high, with this tendency to switch between high and low values lasting a long time into the future.
A value of H = 0.5 can indicate a completely uncorrelated series, but in fact it is the value applicable to series for which the autocorrelations at small time lags can be positive or negative but where the absolute values of the autocorrelations decay exponentially quickly to zero. This in contrast to the typically power law decay for the 0.5 < H < 1 and 0 < H < 0.5 cases.
Hurst exponent estimation is a viable tool for analyzing the past. Looking at a correctly estimated H value can answer the following question: was the market persistent or was it anti-persistent? In its turn, that would help you analyze performance of your trading strategy or expert advisor during that particular period.
YouTube video about Hurst Trading
Note to Self: “While no methodology or system that works in every instance . . . I have never seen anything so consistent” ─ just like this system ; )─
No guarantees are provided as to the accuracy, completeness, timeliness, suitability, or accuracy of any information - such as indicators, videos, images, and charts - posted or shared here. The contents I posted here at ForexFactory (FF) are subject to modification (bound by FF and thread owner's rules and restrictions) and may have become unreliable due to a variety of factors, including changes in market conditions or economic factors.
Please be aware that there is always the possibility of loss. Trading results may vary from person to person. Past performance and unique experiences do not guarantee future results. To determine whether any particular investment idea, strategy, product, or service described herein may be appropriate for your circumstances, you should seek advice from a duly licensed investment professional. Risks associated with investments, including the loss of principal, are inherent in all investments.
My goal is not to gain subscribers or followers. I am just here to contribute, and to have some sort of online documentation of this system. Oh yes, by the way... I don't have ADHD ; )─
Please read the below information before loading the v2v dynamic trading system (templates) on your chart.
Each currency pair or instrument must follow the following steps to load enough tick/volume history. Thus, these are required for the system to function properly... especially if this is your first time logging-in to your (new) live/demo account.
Step 1) Open an M1 chart
Step 2) Press the "F2" key to load History Center
Step 3) Navigate to the currency pair and the "1 Minute (M1)" history data for the chart you have open in your terminal (be sure to "double click" the "1 Minute (M1)" selection in the history center so it becomes the active selection)
Step 4) Then left-click once on any of the data rows in the right-hand window of the History Center (it doesn't matter which one)
Step 5) Click the "Add" button, this pops up another window titled "Bar" and the default selection is on the "year"
Step 6) Enter 1970
Step 7) Then select "OK"... and it creates a new bar with the timestamp and price info you just added.
Step 8) Now select "Close" in the History Center
Step 9) Navigate to your M1 chart of interest and then from the terminal window (press Ctrl-T) select "Journal "-> go to the main chart window and right-click the mouse button and select "Refresh"...this will refresh the chart and attempts to fill any time gaps in the chart data (which now includes your year 1970 data point) with server data
...continued...
The chart will now have pulled anywhere between 2048 and 65536 M1 bars from your broker's server (not Metaquotes), which is usually more data than you can manually scroll back in time when you manually scroll your M1 chart.
If everything went smoothly... then you've quickly downloaded all the broker's M1 data on your currency pair that the broker can let you have. This is much faster than holding down the home or page-up key for minutes and minutes to get even fewer data. Now, you may continue with the rest of the timeframes. Once more history is downloaded, be sure to delete any 1970 dummy tick data. Next, you may need to verify that after the deletion (1970 record) the maximum historical data has been obtained, otherwise add the 1970 record again.
Note (for first-time users): The v2v dynamic system must grow with the MT4 platform as it requires a broad tick data history.
Once the platform gathers enough data, the system will no longer display an error message (viewed via Expert logs). Such as..."not enough tick data to calculate", "data horizon breach", and "array out of range".
Again, I just wanted to add or reiterate (without sounding rude), that this v2v dynamic trading system is not recommended for noobs. Meaning, that the system requires significant experience to understand how the system works. Otherwise, look for another trading system, and move on.
The system requires due diligence/resourcefulness, and some experience using third-party tools/indicators. Furthermore, armed with the trading experience to understand (how to's) the system, it will be easier to decide if one should ditch this system or not, without having to slag the person who created it. More importantly, it is a FREE system. What more effort needs to be put into the user experience? No one fed the coder with a silver spoon while coding this system.
The information in this system development thread journal will provide you with more than enough information to get started. However, I personally... In addition to patience, composure, resolve, self-discipline, and resilience, trading itself requires almost a superhuman amount of patience... You may even make some counter-intuitive decisions before/after clicking the buy or sell button.
Anyway... Good luck and trade well.
✜ v2v dynamic trading system ✜
It's logical that you should be warned... If your current trading setup/system consistently produces profits for you. If this is the case, you do not need to use the v2v dynamic trading system and move on.
The current release of the v2v dynamic trading system:
The previous release of the v2v dynamic trading system:
New chart templates:
• Once loaded, check/verify the indicator parameter if you prefer a recursive calculation is ON or OFF
Operation setup:
• You may need to turn OFF dynamic MyNET so you can set your own button-parameter values faster. You can then turn it back ON as needed.
The one below is just a Custom Candle → Any Time Frame (CC - ATF) tool on its own... With the WRB plus Hidden Gap (WRB + HG).
- Detects Hidden Gaps in Wide Range Bars or Bodies.
- The WRB and HG definitions are taken from the WRB Analysis Tutorial-1 by M.A. Perry from TheStrategyLab.com.
Below screenshot is the updated Look & Feel
The expert reviews...
❝ His chart... You can tell it's real because it looks so fake, honestly ❞ ; )─ Elon Musk
❝ The Swiss Army Knife for the MT4 trading platform ❞ ; )─ Chat GPT
By the way, all of the tools/indicators within the v2v dynamic trading system don't simply work stand-alone. Selectively using just one or so of these will not work properly.
As a result of using this trading system, you will become a more responsible trader. This is because you will utilize more of your brainpower instead of waiting for a buy/sell signal to appear. This system will let you create your combination of confluences/setups and produce your own technical baseline bias before any type of price action shows up on your chart. However, at the end of the day, you and you alone can figure out what works and what doesn’t.
Members who can post in this system development thread are...
A Project Lookin' Glass by v2v...
An innovative trading system designed specifically for the retail trading environment. It is dynamically driven by a Dominant Cycle Period (DCP) and MomenTicks, a volume-weighted momentum algorithm.
There is nothing usual about the v2v dynamic trading system. The chart does not contain directional arrows or trigger alerts for long/buy or short/sell signals. As a result, it requires critical thinking on the part of the person sitting between the keyboard and the chair. Yes, that is you.
To directly download the full system... Click ► HERE or continue reading below to learn more about this system.
Since this system is constantly being developed and updated, it does not have a user manual, and therefore requires due diligence to understand.
“Take a deep breath, relax, and start believing we are living in the Matrix, where the Market (Makers) can't kill you, but the Market thinks they can. Then... As you start to walk with the Architect from beyond (who holds the Akashic records), you'll begin to clearly observe what is happening while a newly developed neural pathway to the art (or science) of trading is being designed for you. By having such, you (must) may arm yourself with this system, coupled with a tried and tested trading plan (strategy/method), sound position-sizing or money management, and a scam-free retail broker. And finally, as you gain more experience, you can become a consistent profitable trader.” ─ Agent v2v
That said, be sure to...
Trust in the Lord with all of your heart and lean not on your understanding; in all your ways submit to him, and he will make your paths straight
─Proverbs 3:5-6 NIV
The v2v dynamic trading system is a discretionary trader designed for someOne with a systematic trading plan/strategy. Thus, it may help to manage trades or position existing positions... Otherwise, find a mean/overall directional probability.
A gentle reminder...
─ Keep this in mind... There's always room for improvement in this system.
─ Ideas/suggestions are welcome but don't expect to be added or considered.
Now while trying to identify what is real and what isn't, it may seem like you have entered the Matrix already. But... in any case, it all depends on what pill you took from Morpheus (red or blue pill).
Meanwhile, you may feel as if you have been resurrected. Please do not worry, you will be fine. And at other times, you might see a Black Cat just walk by and then be followed by another that behaves similarly as you begin to wonder... Is it deja vu? Again, don't worry, it simply means that I'm currently altering the codes of the v2v dynamic trading system.
The definition of technologies used inside this system...
☛ The VWAP bands on this system
Using an average true range/average range or an average daily range, the VWAP bands (shifted from the main line) are calculated with statistical z-scores. The VWAP calculation is primarily based on the lecture by Dr. Paul Levine (R.I.P.) on the MIDAS system.
A statistical z-score value can be injected into an algorithm or included in an equation for predicting trend-end probabilities. The vertical line guides on this system (from & to) are used for plotting price inflection points or session ranges (4-hour, daily, weekly, and monthly or 8-hour or 24-hour market range). The setup included a feature that can switch from MVWAP (MA-based VWAP ) to classic VWAP. MA (Moving Average) is a non-lag Hull MA calculated using Fulk's Matulich for T3-based MA. As a result, I call it T3-HMA.
As part of the system, linear, volume-weighted MAs are applied (but only some of them, as the rest use adaptive calculations with Price) before adding the DSMA filter (Deviation-Scaled MAs by John F. Ehlers). Then, the MA's period calculation within the system is calculated/assigned dynamically based on the current Dominant Cycle Period.
☛ Dynamic Zones by Leo Zamansky Ph.D. and David Stendahl
The Dynamic Zone indicator elaborately shows how it solves common trading complications. An oscillator is a tool used in extreme investing to take advantage of market trends. This style of investing follows a very simple form of logic: only enter the market when an oscillator has moved far above or below traditional trading levels. However, these indicator-driven systems cannot evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market.
Herein lie the complications. Once traders begin introducing their market opinions into trading equations, they negate the system's mechanical nature by changing the zones. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market -- bull or bear. Dynamic Zones offer a solution to the complications of fixed buy and sell zones for any indicator-driven system.
☛ Jurik filter ─ phase and smoothing
JMA (Jurik Research Moving Average) phase and smoothing calculation. Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps are up or down in a substantial move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates these complications forever and gives you the benefits of both worlds: low lag and smooth lines.
Ideally, for instance, a filtered signal should be smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically results in lower profits. In other words, latecomers get what's left on the table after the feast has already begun. The JMA's improved timing and smoothness will astound you.
JMA is a powerful adaptive tracker that can smooth time series data with minimal lag, no overshoots, and no oscillations. The algorithm is stable and avoids the complexities of neural networks. JMA delivers the most reliable all-around performance for smoothness, accuracy, and timeliness.
☛ Best Formula: Using Average Price Bar ( APB )
Average Price Bars provide a better depiction of the current market by eliminating or reducing fluctuations in nominal price action often referred to as “choppiness” of current High, Low, and Close price action. In other words, APB removes the noise of price distortion.
☛ haDelta (Heiken Ashi - Delta)
haDelta is a simple formula originally developed and published by Mr. Dan Valcu. The idea behind haDelta is to quantify HA candles. One can measure momentum, which is very important when you use haDelta for reversals. It measures the difference between haClose and haOpen. Caution: High sensitivity if used.
☛ Uses Hull MA (by Allan Hull) but this one is a variation from Low lag to zero-lag
There are many types of moving averages, the most basic being the Simple Moving Average (SMA). Of all the moving averages the SMA lags the price the most. The Exponential and Weighted Moving Averages were developed to address this lag by placing more emphasis on more recent data. The Hull Moving Average (HMA), developed by Allan Hull, is an extremely fast and smooth moving average. The HMA almost eliminates lag and manages to improve smoothing at the same time. The dynamic MyRSI with NET combined with T3 Hull MA variation with Jurik filters, and phase & smoothing ultimately eliminates lag.
☛ Ehler's Deviation-Scaled Moving Average ( DSMA )
In TASC magazine's July 2018 issue, John Ehlers introduced his newly designed DSMA. The DSMA is a data smoothing technique that acts as an exponential moving average with a dynamic smoothing coefficient. The smoothing coefficient is automatically updated based on the magnitude of price changes. In the Deviation-Scaled Moving Average, the standard deviation from the mean is chosen to be the measure of this magnitude. The resulting indicator provides substantial smoothing of the data even when price changes are small while quickly adapting to these changes.
☛ Vertical Horizontal Filter ( VHF )
Vertical Horizontal Filter (VHF) was created by Adam White to identify trending and ranging markets. VHF measures the level of trend activity, similar to ADX in the Directional Movement System. Trend indicators can then be employed in trending markets and momentum indicators in ranging markets.
☛ Dominant Cycle Period ( DCP )
The DCP-generated value is being used as a dynamic Period parameter value (for dynamic MyNET).
Based on Homodyne Discriminator by John F. Ehlers, Rocket Science for Traders . This type of algorithm exhibits superior performance in a low signal-to-noise environment.
☛ Linear Momentum ─ a.k.a. MomenTicks
Linear momentum is defined as the product of a system's mass multiplied by its velocity. In symbols, linear momentum is expressed as p = mv. Momentum is directly proportional to the object's mass and also its velocity. Thus the greater an object's mass or the greater its velocity, the greater its momentum.
☛ My NET ( Noise Elimination Technology )
As a technical indicator, My NET employs Kendall correlation to eliminate nonlinear noise. However, the application of additional filters in this system results in a significantly less noisy plot than RSI.
The NET is a modified version of the RocketRSI Relative Strength Index. A one-bar close price difference is calculated as the ratio between their absolute values and the sum of the recent one-bar close price differences.
☛ Elegant Osci
In a unique update for dynamic MyNET with SmoothStep function, "An Elegant Oscillator: Inverse Fisher Transform Redux," author John Ehlers (At TASC Magazine article - February 2022) explains how he uses the inverse Fisher transform to create an indicator he calls the elegant oscillator.
First, he describes the Fisher transform before explaining the inverse Fisher transform, which provides normalization by dividing the root mean square (RMS) value into the waveform.
The elegant oscillator can spot reversion-to-the-mean opportunities with improved timing capabilities.
☛ Momentum Deviation
This is another variation of a standard deviation as it got embedded with dynamic MyNET
- it uses the momentum of price (instead of price itself) for calculation
- it is calculated in a way that it takes minimal CPU load
- As far as values are concerned, it is similar to standard deviation. Same as standard deviation -it can calculate the deviation of anything.
☛ The ADX
ADX is a very popular indicator and its elaborated form is the Average Directional Movement. Traders rely on this indicator to assess the strength of the trend. But using the traditional ADX requires a perfect understanding of the highs and lows of the market. To make things easier, the developers have created ADXm Indicator.
dynamic MyNET uses the ADXm algorithm.
☛ The Linear Regression-adjusted Quantitative Qualitative Estimation double
TASC magazine August 2022 issue, featured another variant of a moving average called “The Linear Regression-Adjusted Exponential Moving Average." Author Vitali Apirine presents a technique called the linear regression-adjusted exponential moving average (LRAdj EMA) to combine a linear regression indicator with an EMA. The indicator can be used to help define turning points while filtering price movement. The LRAdj EMA can be applied in combination with a traditional exponential moving average of the same length to facilitate trend identification.
☛ Hurst Exponent with NET (a variation) - inside dynamic MyNET
In the 1970’s an American engineer called JM Hurst published a theory about why financial markets move in the way they do. The theory was the result of many years of research on powerful mainframe computers, and it became known as Hurst’s Cyclic Theory. Hurst claimed a 90% success rate trading on the basis of his theory, and yet the theory has remained largely undiscovered and often misunderstood.
The Hurst Exponent is used as a measure of long-term memory of time series. It relates to the autocorrelations of the time series, and the rate at which these decrease as the lag between pairs of values increases. Studies involving the Hurst exponent were originally developed in hydrology for the practical matter of determining optimum dam sizing for the Nile river's volatile rain and drought conditions that had been observed over a long period of time. The name "Hurst exponent", or "Hurst coefficient", derives from Harold Edwin Hurst (1880 - 1978), who was the lead researcher in these studies; the use of the standard notation H for the coefficient relates to his name also.
The Hurst exponent is referred to as the "index of dependence" or "index of long-range dependence". It quantifies the relative tendency of a time series either to regress strongly to the mean or to cluster in a direction.
A value of H in the range 0.5 - 1 indicates a time series with long-term positive autocorrelation, meaning both that a high value in the series will probably be followed by another high value and that the values a long time into the future will also tend to be high.
A value of H in the range 0 - 0.5 indicates a time series with long-term switching between high and low values in adjacent pairs, meaning that a single high value will probably be followed by a low value and that the value after that will tend to be high, with this tendency to switch between high and low values lasting a long time into the future.
A value of H = 0.5 can indicate a completely uncorrelated series, but in fact it is the value applicable to series for which the autocorrelations at small time lags can be positive or negative but where the absolute values of the autocorrelations decay exponentially quickly to zero. This in contrast to the typically power law decay for the 0.5 < H < 1 and 0 < H < 0.5 cases.
Hurst exponent estimation is a viable tool for analyzing the past. Looking at a correctly estimated H value can answer the following question: was the market persistent or was it anti-persistent? In its turn, that would help you analyze performance of your trading strategy or expert advisor during that particular period.
YouTube video about Hurst Trading
Note to Self: “While no methodology or system that works in every instance . . . I have never seen anything so consistent” ─ just like this system ; )─
No guarantees are provided as to the accuracy, completeness, timeliness, suitability, or accuracy of any information - such as indicators, videos, images, and charts - posted or shared here. The contents I posted here at ForexFactory (FF) are subject to modification (bound by FF and thread owner's rules and restrictions) and may have become unreliable due to a variety of factors, including changes in market conditions or economic factors.
Please be aware that there is always the possibility of loss. Trading results may vary from person to person. Past performance and unique experiences do not guarantee future results. To determine whether any particular investment idea, strategy, product, or service described herein may be appropriate for your circumstances, you should seek advice from a duly licensed investment professional. Risks associated with investments, including the loss of principal, are inherent in all investments.
My goal is not to gain subscribers or followers. I am just here to contribute, and to have some sort of online documentation of this system. Oh yes, by the way... I don't have ADHD ; )─
Please read the below information before loading the v2v dynamic trading system (templates) on your chart.
Each currency pair or instrument must follow the following steps to load enough tick/volume history. Thus, these are required for the system to function properly... especially if this is your first time logging-in to your (new) live/demo account.
Step 1) Open an M1 chart
Step 2) Press the "F2" key to load History Center
Step 3) Navigate to the currency pair and the "1 Minute (M1)" history data for the chart you have open in your terminal (be sure to "double click" the "1 Minute (M1)" selection in the history center so it becomes the active selection)
Step 4) Then left-click once on any of the data rows in the right-hand window of the History Center (it doesn't matter which one)
Step 5) Click the "Add" button, this pops up another window titled "Bar" and the default selection is on the "year"
Step 6) Enter 1970
Step 7) Then select "OK"... and it creates a new bar with the timestamp and price info you just added.
Step 8) Now select "Close" in the History Center
Step 9) Navigate to your M1 chart of interest and then from the terminal window (press Ctrl-T) select "Journal "-> go to the main chart window and right-click the mouse button and select "Refresh"...this will refresh the chart and attempts to fill any time gaps in the chart data (which now includes your year 1970 data point) with server data
...continued...
The chart will now have pulled anywhere between 2048 and 65536 M1 bars from your broker's server (not Metaquotes), which is usually more data than you can manually scroll back in time when you manually scroll your M1 chart.
If everything went smoothly... then you've quickly downloaded all the broker's M1 data on your currency pair that the broker can let you have. This is much faster than holding down the home or page-up key for minutes and minutes to get even fewer data. Now, you may continue with the rest of the timeframes. Once more history is downloaded, be sure to delete any 1970 dummy tick data. Next, you may need to verify that after the deletion (1970 record) the maximum historical data has been obtained, otherwise add the 1970 record again.
Note (for first-time users): The v2v dynamic system must grow with the MT4 platform as it requires a broad tick data history.
Once the platform gathers enough data, the system will no longer display an error message (viewed via Expert logs). Such as..."not enough tick data to calculate", "data horizon breach", and "array out of range".
Again, I just wanted to add or reiterate (without sounding rude), that this v2v dynamic trading system is not recommended for noobs. Meaning, that the system requires significant experience to understand how the system works. Otherwise, look for another trading system, and move on.
The system requires due diligence/resourcefulness, and some experience using third-party tools/indicators. Furthermore, armed with the trading experience to understand (how to's) the system, it will be easier to decide if one should ditch this system or not, without having to slag the person who created it. More importantly, it is a FREE system. What more effort needs to be put into the user experience? No one fed the coder with a silver spoon while coding this system.
The information in this system development thread journal will provide you with more than enough information to get started. However, I personally... In addition to patience, composure, resolve, self-discipline, and resilience, trading itself requires almost a superhuman amount of patience... You may even make some counter-intuitive decisions before/after clicking the buy or sell button.
Anyway... Good luck and trade well.
✜ v2v dynamic trading system ✜
It's logical that you should be warned... If your current trading setup/system consistently produces profits for you. If this is the case, you do not need to use the v2v dynamic trading system and move on.
The current release of the v2v dynamic trading system:
The previous release of the v2v dynamic trading system:
New chart templates:
• Once loaded, check/verify the indicator parameter if you prefer a recursive calculation is ON or OFF
Operation setup:
• You may need to turn OFF dynamic MyNET so you can set your own button-parameter values faster. You can then turn it back ON as needed.
The one below is just a Custom Candle → Any Time Frame (CC - ATF) tool on its own... With the WRB plus Hidden Gap (WRB + HG).
- Detects Hidden Gaps in Wide Range Bars or Bodies.
- The WRB and HG definitions are taken from the WRB Analysis Tutorial-1 by M.A. Perry from TheStrategyLab.com.
Below screenshot is the updated Look & Feel
The expert reviews...
❝ His chart... You can tell it's real because it looks so fake, honestly ❞ ; )─ Elon Musk
❝ The Swiss Army Knife for the MT4 trading platform ❞ ; )─ Chat GPT
By the way, all of the tools/indicators within the v2v dynamic trading system don't simply work stand-alone. Selectively using just one or so of these will not work properly.
As a result of using this trading system, you will become a more responsible trader. This is because you will utilize more of your brainpower instead of waiting for a buy/sell signal to appear. This system will let you create your combination of confluences/setups and produce your own technical baseline bias before any type of price action shows up on your chart. However, at the end of the day, you and you alone can figure out what works and what doesn’t.
Members who can post in this system development thread are...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
FXcoder
In what indicator have you made it?
