Project Looking Glass... Reimagination of a trading system under the retail trading environment built with Tesla footprints inside. And dynamically driven by the current Dominant Cycle Period (DCP) with price calculation fueled by MomenTicks ─ linear volume-weighted momentum.
The v2v dynamic trading system is not the usual thing out there. It doesn't have any directional arrows and trigger alerts for long/buy or short/sell signals. For such, it needs critical thinking of the One in between the keyboard and a chair. Yes, that is you.
The system requires One's due diligence to understand or to know more about this system. Sadly, it may take some precious time to finish the user manual due to constant development/updates.
DislikedNow sit back, relax, and start to believe that we're on the Matrix, just like Neo. And begin to understand that these are all imaginary because the Market (Makers) really can't kill you, but the Market seems to think that they can. However, once you took the red pill, you'll start to walk with the Architect while building a neural pathway to the art of trading (or science ─ whatever). Then arm yourself with this system plus a tried & tested trading plan (strategy/method), a sound position-sizing or money management, and a scam-free retail broker as you begin to see the Markets that nobody else does. ─ Agent v2v
Having said that, don't forget to...
DislikedTrust in the Lord with all of your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths straight. ─ Proverbs 3:5-6 NIV
This is a discretionary trader-designed system or for someOne with a systematic trading plan/strategy. Thus, it may help to manage trades or position existing positions... Otherwise, come up with an overall/average directional probability.
☢ There are no guarantees that all the tools/indicators within the system work perfectly or without error(s). Hence, use at your own risk; I accept no liability for system damage, financial losses, and even loss of life. ; )─
─ Keep this in mind... There's always room for improvement in this system.
─ Thus, expect constant updates from time to time.
─ Ideas/suggestions are welcome but don't expect to be added or considered, and even reply to your post/comment.
Statistical Quartiles in a Volume Profile (VP) with VWAP (Volume Weighted Average Price)
...anchoring two VP tools to understand the Price auction current state.
Shifted VWAP Bands based on Statistical z-scores
Price auction analysis
Get to know more about this system... Good luck! ; )─
The VWAP bands on this system...
This one is built with an Average True Range/Average Range or Average Daily Range wherein the shifted VWAP bands (from the midpoint - main VWAP line) are calculated based on statistical z-scores. The main VWAP starting point of calculation is based on Dr. Paul Levine's (R.I.P.) lecture about his MIDAS system.
The statistical z-score value is getting injected inside an algorithm or as an option to be part of an equation for predicting trend-end probability. The vertical line guides on this system (from & to) are used for plotting from price inflection points or session range (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. The MA (Moving Average) is a Hull MA non-lag fused using a Fulks Matulich way of calculation of a T3-based MA. As a result, I called it a T3-HMA.
The MAs inside the system are mostly linear volume-weighted with applied Jurik-based MA smooth filter (but some of it only as the rest are using an adaptive calculation with Price) before adding DSMA filter (Deviation-Scaled MA by John F. Ehlers). Then, other tools were fused within the system... Such as, Regression Analysis tool that can switch instantly between a normal Price Close and Heiken Ashi - APB Close. And the MA's period calculation within the system is calculated/assigned dynamically based on the current Dominant Cycle Period, an algorithm by John F. Ehlers.
The technology used...
☛ Dynamic Zones by Leo Zamansky Ph.D. and David Stendahl
The Dynamic Zone indicator can elaborately show how it solves common trading complications. Extreme investing employs the use of oscillators to exploit tradable trends in the market. 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 the 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 lies 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 systems.
☛ Jurik filter ─ phase and smoothing
This TDI version uses JMA's (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 up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates these complications forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, for instance, a filtered signal may both 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 a very small lag, no overshoots, and no oscillations. The algorithm is stable and avoids the complexities of neural networks. JMA delivers the best all-around performance for smoothness, accuracy, and timeliness.
☛ RSI-Trend Strength Index (RSX) by Mark Jurik
RSI is a very popular technical indicator because it takes into consideration market speed, direction, and trend uniformity. However, its widely criticized drawback is its noisy (jittery) appearance. The RSX retains all the useful features of RSI, but with one important exception: the noise is gone with no added lag.
☛ 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.
☛ 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 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. With TDZ indicator combined with Hull MA variation with Jurik filters, and phase & smoothing that ultimately eliminates lagging.
☛ Ehler's Deviation-Scaled Moving Average ( DSMA )
The new DSMA was made by John Ehlers and featured in the July 2018 issue of TASC magazine. 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.
☛ RSI & RSX haDelta
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 HA Close and HA Open. Caution: High sensitivity if used.
☛ 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.
☛ T3 (TRIX) by Tim Tillson
The reason for the development of this moving average was to improve the noise filter and decrease a lag, presented in most of the moving averages. The indicator is based on multiple exponential smoothing of price.
☛ Dominant Cycle Period ( DCP )
The DCP generated value is being used as a dynamic Period parameter value (for TDZ bands).
Based on Homodyne Discriminator by John F. Ehlers, Rocket Science for Traders >>> here. This type of algorithm exhibits superior performance in a low signal-to-noise environment.
Homodyne means I use the signal multiplied by itself one bar ago to produce a zero-frequency beat note. This beat note carries the phase angle of the one-bar change. Still using the basic definition of a cycle, the one-bar rate of change of phase is exactly the cycle period.
☛ Linear Momentum
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.
Read more about Linear Momentum >>> here
☛ ReFlex by John F. Ehlers ─ Stocks & Commodities Magazine February 2020 : (more info >>> here)
"The reduction of lag is probably the most desirable characteristic of an indicator. That is because in trading, even if you get the right answer, it is of no value if the indication comes after the opportunity has passed. The new indicator I will present here is an averaging type of indicator. The averaging contributes to its stability, and the averaging is done in a novel way to produce zero lag. I named this new indicator “reflex” because I used to be an archer, and the creation of the indicator reminded me of a bow and arrow. Reflex is a kind of bow with a cool name." ─ John F. Ehlers
In “ReFlex: A New Zero-Lag Indicator” in this issue, author John Ehlers introduces a new averaging indicator that he has designed with reducing lag in mind.
A ReFlex (under TDZ MomenTicks) companion emerges... called TrendFlex : A John Ehlers' algorithm that got fused with v2v dynamic trading system's architecture.
─ RMA phase accumulation TrendFlex (under v2v MomenTicks)
─ This TrendFlex is using what is known as the RMA average for trend calculation. Just like the RMA phase MACD. The values produced are almost surprisingly "fast" compared to the regular version.
The ReFlex indicator synchronizes with the cycle component in the price data. The second, its “companion”, the TrendFlex retains the trend component.
✍ Note to Self: “While no methodology or system that works in every instance . . . I have never seen anything so consistent ” ─ just like this system ; )─
My post here at FF makes no guarantees as to the accuracy or completeness of the views expressed, including timeliness, suitability of any information - e.g. indicators, videos, images/charts, and documents posted or shared herein. All contents I posted here at FF are subject to modifications (bound by ForexFactory's & Thread Owner's rules and restrictions) and may have become unreliable for various reasons, including changes in the market conditions or economic circumstances.
Also, please be reminded that there is always the potential for loss. Your trading results may vary. Unique experiences and past performances do not guarantee future results. Hence, it is highly recommended to seek a duly licensed professional for investment advice whether any given investment idea, strategy, product, or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal.
Posting on this thread requires a human being and not a troll... and a red ⚑ member status (only)... ⚠ Please don't ask me to elaborate on why. This thread is not for me to get some subscribers, or gain fanatic followers. I am just here to contribute. And yes, I don't have ADHD ; )─
If a troll with a red ⚑ can post through... then at least it is just a seasoned troll, a high-impact troll, so to speak ; )─ but it doesn't mean it can escape from getting ignored or blocked on this thread.
⚠ If you don't like any of my posts herein or outside of this thread, simply use the ignore or unsubscribe action, and likewise, I'll do the same. Otherwise, I can simply use this feature whenever I am damn well, please...
The v2v dynamic trading system uses global variables extensively. Below are the maintenance steps that you may follow:
MT4 global variable maintenance:
- Press "F3" on your keyboard to delete all or selectively (press Ctrl-A on your keyboard) the global variable(s)
- Or take a look at the image below which shows the built-in on-chart global variable maintenance trigger.
A must before loading the v2v dynamic trading system ( new steps )
Follow the steps below:
- Open an M1 chart
- Press the "F2" key to load History Center
- 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)
- 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)
- Click the "Add" button, this pops up another window titled "Bar" and the default selection is on the "year"
- Enter 1970
- Then select "OK"... and it creates a new bar with the timestamp and price info you just added.
- Now select "Close" in the History Center
- Attached a script located under "Scripts" folder (with v2v_dynamic_system.zip) >>> Attached this to your chart: ForceLoadHistoricalData.ex4
- Navigate to your M1 chart of interest and then from the terminal window (press Ctrl-T) select "Journal "-> go to main chart window and right-click 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
Step 10 continued...Now your chart will have pulled anywhere from 2048 to 65536 M1 bars from your broker's server (not Metaquotes server) and is usually far more data than you can get the broker to cough up when you try and manually scroll your M1 chart back in time.
If everything went fine... then you've quickly downloaded all the broker's M1 data on your currency pair that the broker is going to let you have, much faster than holding down the home or page-up key for minutes and minutes to download even fewer data. Now, you may continue with the rest of the time frames. But, don't forget to delete the year 1970 dummy tick data after it downloads more history, then you may need to check & verify if after the deletion (1970 record) if still got maximum historical data has been downloaded otherwise add the 1970 record once 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 gained enough of this data, the system won't be showing a captured error message (via Expert logs). Such as, "not enough tick data to calculate..." or MT4 error... "array out of range..."
✜ v2v dynamic .trading system ✜
↓ G e n e r I c instruments/pairs
↓ Using instruments/pairs from F T M O
↓ Using instruments/pairs from F X C M
↓ Using instruments/pairs from G l o b a l P r i m e
↓ Using instruments/pairs from I F S M a r k e t s
↓ Using instruments/pairs from L i t e F o r e x
Note: I am not an IB or company affiliated with the above retail brokers
By the way, some of these indicators shared herein don't simply work stand-alone. Meaning... selectively using just one or so indicator out of the v2v system may not work properly.
Note: The zip file contains a template ( v2v_trading_system.tpl ) and all the libraries ( dynamicZone.dll and BPNN.dll ) required by the system/indicators.
Again, I just wanted to add or reiterate (without sounding rude), that this v2v dynamic trading system is not for noobs, and I won't say that this system or indicators are for noobs as it would tend to sound not a good trading tool to have ; )─ I just meant that it requires greater experience to understand how the system works. Otherwise, look for another trading system that makes you think less and adhere to the mantra of the KISS approach.
If you somehow can't figure out how to set it up on the MT4 platform... Then, it means you're probably not yet skillful enough to use this system as this requires due diligence/resourcefulness or does not have enough experience with third-party tools/indicators. Even more, in terms of trading experience to understand (how to's) the system or to know if one needs to ditch it or not. More so, It is a FREE system. What more effort needs to be given to the users? No one fed the coder with a silver spoon while coding this system. ; )─
This development thread journal contains a few pages of information to learn more than enough to use the system. Although, personally... My system and the trading itself needs almost superhuman amounts of patience, composure, resolve, self-discipline, and resilience or necessitates... Even some counter-intuitive decision-making before/after clicking that buy or sell button.
This is not a trading system that shows you a buy or a sell signal. It is a trading system that makes you a responsible trader that uses more of your brainpower and not just simply waiting for a buy & sell signal or a pattern to form. This system will let you create your combination of confluences/setups and produced your own technical baseline bias before any type of price action shows up on your chart. However, at the end of the day, it is you and you alone who can figure out what works and what doesn’t. Good luck!