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FXM and TTM

  • #881
  • Edited 6:33am Nov 13, 2017 6:20am | Edited 6:33am
Quoting nihilist23uk
Hi Fxmadness, Today I have built a chart with only two pairs as selected by indicator. EURCHF SELL AUDNZD SELL why when the chart shows a break to the downside and i use the ea and take a sell does it select a buy for both pairs ? it looks like chart is upside down. I was trying to time the entry of xm7 ea today ,but based on your chart this would not be possible i would have to reverse everything. when EURCHF and AUDNZD drop in price your chart rises. Thank you. D.
The "price" of a basket (right scale) is an indication as to how the basket pair/directions are doing.
If that price goes up the pairs taken in there original proposed direction is correct and profitable.
When that price goes down the basket is not performing because the pairs move in the opposite direction and trades should be taken opposite to their suggested direction.

Just like minus times minus is positive, sell times sell = buy.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #882
  • Nov 13, 2017 6:41am Nov 13, 2017 6:41am
Quoting FxMadness
{quote} The "price" of a basket (right scale) is an indication as to how the basket pair/directions are doing. If that price goes up the pairs taken in there original proposed direction is correct and profitable. When that price goes down the basket is not performing because the pairs move in the opposite direction and trades should be taken opposite to their suggested direction. Just like minus times minus is positive, sell times sell = buy.
ow ! ok, I see what you are saying now. Thanks for the informative reply mate.
Makes sense now.
  • #883
  • Nov 21, 2017 6:00am Nov 21, 2017 6:00am
Quoting FunCoupons
I've experienced this behavior several times. At the end of the candle, the price (only the picture printing) retreats considerably forming a long wick, that wick is then filled back at the beginning of a new candle. This affects the semi-automatic trading feature on TTM [Break line trades], and that's the reason why I only trade manually when I'm in front of the screen. I'm not sure if that's the place to look at, but I've tried both ways (true/false) on the fxm_diff3 setting for "push HiLo instead of calculating it". I wonder if there could be...
This problem seems to be related to the TTM bar end indicator. I have not experienced this behavior after removing it from the TTM settings. Attached is the old P4L CandleTime indy that works fine with TTM.
Attached File(s)
File Type: mq4 P4L CandleTime.mq4   33 KB | 283 downloads
  • #884
  • Nov 26, 2017 5:18pm Nov 26, 2017 5:18pm
Quoting FunCoupons
{quote} This problem seems to be related to the TTM bar end indicator. I have not experienced this behavior after removing it from the TTM settings. Attached is the old P4L CandleTime indy that works fine with TTM. {file}
Hello funcoupons,

Sorry but are you sure it is due to the TTM settings? Because I notice the same scenario even when I did not use the TTM EA.
  • #885
  • Nov 27, 2017 4:33am Nov 27, 2017 4:33am
Quoting kbkm
{quote} Hello funcoupons, Sorry but are you sure it is due to the TTM settings? Because I notice the same scenario even when I did not use the TTM EA.
Indeed it has nothing to do with the bar timer.

It has to do with the difference in time between the close of the bars over different pairs.
As said MT4 only closes a bar when a new ask/bid arrives outside the current bar end time.
This means that although it is time to open a new bar (in real time) not all pairs old bars are already closed (bar close means new bar open where the open price == the close price previous bar).

This is more likely to happen when you have more pairs or slow ticking pairs in your basket that is why it sometimes occurs and sometimes not.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #886
  • Nov 27, 2017 6:09am Nov 27, 2017 6:09am
Quoting kbkm
{quote} Hello funcoupons, Sorry but are you sure it is due to the TTM settings? Because I notice the same scenario even when I did not use the TTM EA.
You are right, I noticed it again later. I meant to delete the post but got busy. Cheers.
  • #887
  • Nov 27, 2017 5:47pm Nov 27, 2017 5:47pm
thanks for the replies fxm and funcoupons.

Is there anything that I could do to minimize this effect fxm? Thanks
  • #888
  • Nov 28, 2017 11:00am Nov 28, 2017 11:00am
Quoting FxMadness
{quote} Indeed it has nothing to do with the bar timer. It has to do with the difference in time between the close of the bars over different pairs. As said MT4 only closes a bar when a new ask/bid arrives outside the current bar end time. This means that although it is time to open a new bar (in real time) not all pairs old bars are already closed (bar close means new bar open where the open price == the close price previous bar). This is more likely to happen when you have more pairs or slow ticking pairs in your basket that is why it sometimes...
Certainly, the line trades are not reliable on TTM. Manual entry and exit based on $ is what I've been doing.

TTM is very useful for you to track a specific currency trend. GBP & EUR are normally the top movers of any trading basket. Just watch any currency strength indy and you'll see GBP and EUR on either top or bottom of the meter. So why not trade GBP & EUR crosses only? There's plenty of pips to be made with these crosses without the need of having 16 open trades. It would be really great if we could somehow input the pairs of which we would like to monitor on the offline chart. I played with some diff settings and got locked with 2 baskets, one for EUR and other for GBP crosses only. I haven't turned off my PC since then afraid of not being able to catch those pairs again In the picture attached, you can see 4 days of pip movements of the GBP crosses basket based on TO(yellow), LO(orange), US(blue) sessions. Plenty of pips to be made each day.
IMO, 15min charts is enough for you to see what's happening with the currency when you are tracking all of it's major crosses, if you are a longer term trader you can clearly see the top forming on the GBP basket.
Attached Image (click to enlarge)
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  • #889
  • Nov 29, 2017 1:52am Nov 29, 2017 1:52am
Quoting FunCoupons
{quote} Certainly, the line trades are not reliable on TTM. Manual entry and exit based on $ is what I've been doing. TTM is very useful for you to track a specific currency trend. GBP & EUR are normally the top movers of any trading basket. Just watch any currency strength indy and you'll see GBP and EUR on either top or bottom of the meter. So why not trade GBP & EUR crosses only? There's plenty of pips to be made with these crosses without the need of having 16 open trades. It would be really great if we could somehow input the pairs of which...
Although i do agree with you that the pond and the euro are (at the moment) the big movers
Attached Image (click to enlarge)
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but i think you are limiting yourself if you do not include the other pairs.
The pond and euro do not always provide the movement you need, sometimes it is the other pairs.
They will also help to stabilize the overall basket.
Attached Image (click to enlarge)
Click to Enlarge Name: easygain2.PNG Size: 144 KB
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #890
  • Nov 29, 2017 3:19am Nov 29, 2017 3:19am
Quoting kbkm
thanks for the replies fxm and funcoupons. Is there anything that I could do to minimize this effect fxm? Thanks
Due to the lack of interest and sharing i do not have any plans on further development of this system.
I will make an exception for this FXM_Diff3 update which solves the problem of the "funny" bars.
Attached File(s)
File Type: ex4 FXM__Diff3.ex4   242 KB | 377 downloads
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #891
  • Nov 29, 2017 6:28am Nov 29, 2017 6:28am
Quoting FxMadness
{quote} Due to the lack of interest and sharing i do not have any plans on further development of this system. I will make an exception for this FXM_Diff3 update which solves the problem of the "funny" bars. {file}
I will say that I really like this approach of trading baskets, and thank you for developing it.

Being able to get a visual representation of the basket and not trading blindly is really good, however personally it's been hard to make proper use of it due to the time difference. Unfortunately the best time to trade the basket is LO +1 which I'm still sleeping as I've mentioned before.

I still use the offline chart to check overall basket direction sometimes, and its strange as whenever I check the offline chart it seems I already missed the move. If you do plan on any further development I'll be there.
Truth is like poetry. And most people f*cking hate poetry.
  • #892
  • Nov 29, 2017 11:03am Nov 29, 2017 11:03am
Quoting FunCoupons
{quote} Certainly, the line trades are not reliable on TTM. Manual entry and exit based on $ is what I've been doing. TTM is very useful for you to track a specific currency trend. GBP & EUR are normally the top movers of any trading basket. Just watch any currency strength indy and you'll see GBP and EUR on either top or bottom of the meter. So why not trade GBP & EUR crosses only? There's plenty of pips to be made with these crosses without the need of having 16 open trades. It would be really great if we could somehow input the pairs of which...
How to select the all GBP pairs by using FXM.
Thanks
  • #893
  • Nov 29, 2017 11:08am Nov 29, 2017 11:08am
Like wise !
you have created a very valuable tool for baskets and should be very proud of your work. Its a shame that it will no longer be evolving.
The only suggestion Ive made before like a few others is a way to create your own basket which would make it complete.

But Its a great tool,thanks for creating it.
  • #894
  • Edited 5:59pm Nov 30, 2017 5:46pm | Edited 5:59pm
Quoting FxMadness
{quote} Due to the lack of interest and sharing i do not have any plans on further development of this system. I will make an exception for this FXM_Diff3 update which solves the problem of the "funny" bars. {file}
Although this thread is not long but it contributed more than almost all the other bascket trading threads. FXM I hope you'll reconsider. I think more traders will join us in time.

This bascket is breaking my record so far, more than 5,000 pips. It's still open since Monday. Hope will continue to set records.

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Wishing my last name were LESS
  • #895
  • Nov 30, 2017 6:40pm Nov 30, 2017 6:40pm
If I can offer the opinion of a lurker, I think one reason this method hasn't attracted more attention is that it was a work-in-progress up to this point, and the current best practice(s) and method aren't fully understood. A manual/guide would help. Of course, people must be willing to do the work themselves, but it's clear human nature tends toward laziness. So, the most popular threads are the easy-to-understand systems, whether they work or not.
  • #896
  • Nov 30, 2017 6:56pm Nov 30, 2017 6:56pm
Quoting clemmo17
If I can offer the opinion of a lurker, I think one reason this method hasn't attracted more attention is that it was a work-in-progress up to this point, and the current best practice(s) and method aren't fully understood. A manual/guide would help. Of course, people must be willing to do the work themselves, but it's clear human nature tends toward laziness. So, the most popular threads are the easy-to-understand systems, whether they work or not.
this tools to work require manual observation and manual setup.now days those threads where coders share tools are full of newbies who mostly are in search for holy grails that make money for you while you sleep or when youre at fishing.from here is simple to understand why not so much activity from the masses here.make something automatic put it up and they will jump on it no matter if you say in first post will not work.is just the way that 95% treat this business called forex,no wonder why that big part is the loser part in this.
Take what you can, give nothing back
  • #897
  • Edited 7:44pm Nov 30, 2017 7:09pm | Edited 7:44pm
Quoting clemmo17
If I can offer the opinion of a lurker, I think one reason this method hasn't attracted more attention is that it was a work-in-progress up to this point, and the current best practice(s) and method aren't fully understood. A manual/guide would help. Of course, people must be willing to do the work themselves, but it's clear human nature tends toward laziness. So, the most popular threads are the easy-to-understand systems, whether they work or not.
I can understand your point of view. However IMHO one can't be successful in forex without basic knowledge. Despite the fact that I've been involving in forex for manay years I only trade sporatically. So I still consider myself to be a newbie. If I can use this method successfully so can most of the traders. All systems are forever in development. This system has great potential. I'm not advertising "getting rich quick". This bascket is making more than 150% of the account balance so far. (aiming to triple the account)

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Wishing my last name were LESS
  • #898
  • Nov 30, 2017 7:18pm Nov 30, 2017 7:18pm
Quoting flaw
{quote} IMHO one can't be successful in forex without basic knowledge.
I agree 100%.

The difficulty is compounded since there is little consensus about what those basics might be.
  • #899
  • Nov 30, 2017 7:34pm Nov 30, 2017 7:34pm
Quoting clemmo17
{quote} I agree 100%. The difficulty is compounded since there is little consensus about what those basics might be.
To me the most important techniques are to differentiate the trending and ranging markets, to identify the supports and resistances, not trying to trade the tops and bottoms, to live with the losses, nobody can be correct all the time. Of course they are easier said than done. All the techniques need forever improvement.
Wishing my last name were LESS
  • #900
  • Nov 30, 2017 8:22pm Nov 30, 2017 8:22pm
Quoting flaw
{quote} To me the most important techniques are to differentiate the trending and ranging markets, to identify the supports and resistances, not trying to trade the tops and bottoms, to live with the losses, nobody can be correct all the time. Of course they are easier said than done. All the techniques need forever improvement.
And so, do you feel that FXM/TTM can be used to work with those edges?
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