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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

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(binned per thread starter’s request) MM (Money Maker) Detective

  • #1,381
  • May 11, 2019 6:08am May 11, 2019 6:08am
Quoting Blackeagle
{quote} Thanks George for pointing those out, I saw them, but the area I shaded was a response to mixedbags and moody as my broker's feed does not show the gap on moody's chart (the gap between 4th and 5th bar before the doji) which was closed by doji he mentioned. Regards, Blackeagle
Were there PRICE GAPS in the black boxes in marked for you to check ????

The other important part of that chart of mine was ,,,
THE PSYCHOLOGY AT PLAY AT THE LONDON BAR ,,,,
FOLLOWED BY THE SMALL CONTINUATION BAR AT THE BOTTOM ,,,

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #1,382
  • May 11, 2019 6:14am May 11, 2019 6:14am
Quoting George AUS
{quote} Were there PRICE GAPS in the black boxes in marked for you to check ???? ...George
Yes, all three of them.

Regards,
Blackeagle
  • #1,383
  • May 11, 2019 6:26am May 11, 2019 6:26am
I'd like to ask a question of the experts here. Given that George has highlighted the precision of a 0.1 gap does that mean as part of the subterfuge that a 0.1 gap has more relevance that a 1 point gap?
  • #1,384
  • May 11, 2019 6:44am May 11, 2019 6:44am
You know -- someone should write an indicator that can detect gaps down to 0.1 pips. [/quote]

Setting the minimum gap size as zero with the Gap Finder already posted will do it.

Thank you for all your efforts and regards.

Ayo
  • #1,385
  • May 11, 2019 6:48am May 11, 2019 6:48am
Quoting ayoayo
You know -- someone should write an indicator that can detect gaps down to 0.1 pips.
Setting the minimum gap size as zero with the Gap Finder already posted will do it. Thank you for all your efforts and regards. Ayo[/quote]

@ayoayo -- yes, but it doesn't draw a level line (or box) that displays whether or not it has already been filled -- i.e. whether or not it is still alive.
  • #1,386
  • May 11, 2019 6:49am May 11, 2019 6:49am
Quoting Blackeagle
{quote} Thanks George for pointing those out, I saw them, but the area I shaded was a response to mixedbags and moody as my broker's feed does not show the gap on moody's chart (the gap between 4th and 5th bar before the doji) which was closed by doji he mentioned. Regards, Blackeagle
Can you show us the time of that doji as according to your chart.
  • #1,387
  • May 11, 2019 7:01am May 11, 2019 7:01am
Quoting ayoayo
You know -- someone should write an indicator that can detect gaps down to 0.1 pips.
Setting the minimum gap size as zero with the Gap Finder already posted will do it. Thank you for all your efforts and regards. Ayo[/quote]

Ayo ,,
DO NOT KID YOURSELF ! ! ! !

ZERO GAPS BETWEEN BARS ,,
ESPECIALLY ON THE HIGHER TIME FRAMES ,,,
ARE EXTREMELY POWERFUL ! ! ! !

Study your charts carefully and deeply ,,,
You will benefit greatly with that info ,,,,

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #1,388
  • May 11, 2019 7:24am May 11, 2019 7:24am
Sounds interesting. I think I will give it a try.
  • #1,389
  • May 11, 2019 7:28am May 11, 2019 7:28am
Quoting George AUS
{quote} Setting the minimum gap size as zero with the Gap Finder already posted will do it. Thank you for all your efforts and regards. Ayo
Ayo ,, DO NOT KID YOURSELF ! ! ! ! ZERO GAPS BETWEEN BARS ,, ESPECIALLY ON THE HIGHER TIME FRAMES ,,, ARE EXTREMELY POWERFUL ! ! ! ! Study your charts carefully and deeply ,,, You will benefit greatly with that info ,,,, Cheers George[/quote]

So if there are ZERO GAPS BETWEEN BARS....Thats ..EXTREMELY POWERFUL ! ! ! ! .
  • #1,390
  • May 11, 2019 8:14am May 11, 2019 8:14am
Quoting George AUS
{quote} TIME ,,,,,,,, IS THE ESSENCE ! ! ! ! Cheers George
TIME ,,,,,,,, IS THE ESSENCE ! ! ! !

That EVENT needs to happen at that TIME ! ! ! !

TIME is the missing puzzle.

Thanks.

Cheers
Paramhansa
  • #1,391
  • May 11, 2019 8:39am May 11, 2019 8:39am
If any of the Family members here would like to see some more in depth of the charts shared here earlier ,,,
Please visit the Main Project ,,,

https://www.forexfactory.com/showthread.php?t=874421&page=185

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #1,392
  • May 11, 2019 8:42am May 11, 2019 8:42am
Quoting Pumi
{quote} Can you show us the time of that doji as according to your chart.
28/03 16:30 bar M15. The problem on my feed is the big outside bar which was 15:15 bar which has 145.077 high value.

Regards,
Blackeagle
  • #1,393
  • May 11, 2019 9:49am May 11, 2019 9:49am
@George,
Helo Sir
I think i already posted the indicator you wanted from Steve and it is identyfing exactly the liquidity gap you showed on the chart.
I will post bellow the indicator and the chart you previous posted. In the indicator just set 5000 at the StartCalculation from bar and it will do it's job.
Attached Image (click to enlarge)
Click to Enlarge Name: INDICATOR FOR GEORGE.jpg Size: 210 KB

Attached File(s)
File Type: mq4 Wide Range Bar.mq4   20 KB | 479 downloads
  • #1,394
  • May 11, 2019 10:12am May 11, 2019 10:12am
@TopCover
A liquidity Gap (bearish in your case) is a candle wich ideal has a range between high and low higher than the range of previous 3 candles.
The low of the previous candle and the high of the candle after has to not superpose each other.
Look at the image on the 10th of may attached here under. The LGap is drawn between the low of previous candle and the high of the next candle. Put the Wide range bar indicator in your MQL4/indicators folder attach it to the chart and you will see "The Miracle"!
Attached Image (click to enlarge)
Click to Enlarge Name: TOPCOVER.jpg Size: 156 KB
  • #1,395
  • May 11, 2019 10:27am May 11, 2019 10:27am
Quoting Aqvila
@TopCover A liquidity Gap (bearish in your case) is a candle wich ideal has a range between high and low higher than the range of previous 3 candles. The low of the previous candle and the high of the candle after has to not superpose each other. Look at the image on the 10th of may attached here under. The LGap is drawn between the low of previous candle and the high of the next candle. Put the Wide range bar indicator in your MQL4/indicators folder attach it to the chart and you will see "The Miracle"! {image}
Hi Aquila - now THAT WAS A FANTASTIC ANSWER! Thank you mate

Your chart was very helpful as was your description! Great - I see my mistakes.

is that indicator on this thread somewhere?

cheers

Ray
  • #1,396
  • May 11, 2019 11:31am May 11, 2019 11:31am
Quoting Aqvila
@George, Helo Sir I think i already posted the indicator you wanted from Steve and it is identyfing exactly the liquidity gap you showed on the chart. I will post bellow the indicator and the chart you previous posted. In the indicator just set 5000 at the StartCalculation from bar and it will do it's job. {image} {file}
@Aqvila -- Wow!! Yes, this looks like what I've been working on. Thank you so much !!

I'll be looking through the source code this weekend to try to understand better exactly how it works and how it defines gaps. Have you used it to detect a 0.1 pip gap?
  • #1,397
  • May 11, 2019 12:37pm May 11, 2019 12:37pm
Quoting TopCover
{quote} R4me Yes the Widerange Bar indicator Aqvila has shared shows clearly the exact same gap George identified earlier today ergo it must be down to 0.1 - that man sure has some set of peepers on him! {image}
@TopCover -- very, very cool.

Has anyone tried overlaying the WideRangeBar indicator on top of the MMDetective indicator to check if / how gaps and target levels align and whether you can tie it into MM psychology?

If nothing else, it makes for a pretty picture and sure to impress you friends at the next cocktail party...
Attached Image (click to enlarge)
Click to Enlarge Name: WRB-plus_MMDetective.png Size: 59 KB
  • #1,398
  • May 11, 2019 12:56pm May 11, 2019 12:56pm
Quoting TopCover
{quote} R4me Yes the Widerange Bar indicator Aqvila has shared shows clearly the exact same gap George identified earlier today ergo it must be down to 0.1 - that man sure has some set of peepers on him! {image}
@TopCover -- thanks.

I may still see if there are features I'd like to customize -- but this indicator definitely goes a long way toward what I was after. It's a gem.

P.S. One thing I just now noticed -- it appears that a gap's box continues until the entire gap has been filled. That is, even though portions of the gap get filled along the way, the box continues until the very end. I think this is due to the fact that *.mql4 doesn't support the drawing and filling of polygons. Using lines instead of boxes, I'm trying to show how gaps are often taken-out with multiple "incursions" into the "gap zone".
  • #1,399
  • May 11, 2019 2:00pm May 11, 2019 2:00pm
Tip: the boxes will stop expandiing when they are fully filled. If you want to see the larger ones set at lookback bars instead of 3 a higher number. Like 50. This will select the range of the Liquidity candle from high to low to be higher than any of the previous 50 candles.
And if you want to see the real gap between two candles use the Gspot indicator i posted with min gap size set at 0.1 and expand 1 or 2 bars to have your chart clean.
  • #1,400
  • May 11, 2019 2:12pm May 11, 2019 2:12pm
Quoting robots4me
{quote} @TopCover -- very, very cool. Has anyone tried overlaying the WideRangeBar indicator on top of the MMDetective indicator to check if / how gaps and target levels align and whether you can tie it into MM psychology? If nothing else, it makes for a pretty picture and sure to impress you friends at the next cocktail party... {image}
Lots of interesting ideas and posts the past few hours. I'm learning a lot -- thanks.

I had a comment to share. I can't help try to simplify things conceptually -- otherwise details become overwhelming. So, now I'm thinking in terms of magnets and anti-magnets (repellants). For example:

1. liquidity gaps -- from the MM's perspective, definitely a magnet. A liquidity gap may or may not be obvious -- regardless, the MM will almost always try to fill it in order to release pent-up orders.

2. target levels -- from the MM's perspective, also a magnet. By pushing past target levels the MM takes-out stop losses. However, the MM attempts to make target levels appear as anti-magnets to retail and commercial traders, enticing them to trade way from them. In other words, the MM's intent is to treat target levels as magnets. But to hide that intent, the price is manipulated in a way to make traders think the price will be repelled away from the target level.
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