Update Mega M5 and M15
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- #346
- Mar 19, 2018 5:24pm Mar 19, 2018 5:24pm
- | Commercial User | Joined Feb 2015 | 1,380 Posts
When you are successful perhaps give a thought to others ... Kiva dot org
- #350
- Mar 20, 2018 4:03am Mar 20, 2018 4:03am
- | Commercial User | Joined Feb 2015 | 1,380 Posts
When you are successful perhaps give a thought to others ... Kiva dot org
Jagz & fellow dashboard riders,
I'm writing this firstly because I have a question, and secondly because I think I have a solution.
My question is what indicators do you guys use to tell you the moment when the money is flowing into the market and it's now time to start the dash? All of us know this moment: it's that 15 or 20 minute period when the board will run up to 100's of pips with very little DD and your board fires up like a christmas tree. This mostly happens only 2 or 3 times in a day - once in Asia, once or twice in Euro/London and once/twice in NY. Is it volume/volatility indicator (even if it's broker specific), or do you have some liquidity meter? Do you simply wait for many of your PIN's and other signal's to appear or is there something else you use to tell you that magic moment when to press the "Auto" button? Your inputs and ideas will be appreciated.
What I use is the indi below.
At first glance, you might think it's just another spaghetti-type strength indicator like hundreds of others out there and that it behaves the same, but I find this indicator to work like no other to tell me when the market is really moving. The reason for this is the large size of the movements.
How I use it: I look for one or more of the currency lines to move beyond the 0.004 levels on the M5 chart. See the picture below.
A strong move by one or more currencies beyond the 0.004 line is normally an indication that liquidity is increasing and that it's time to start playing.
Of course the possibilities in a PIN are endless if you think about individual pairs, the angle at which the lines move and all the other coding that has been done around indi's such as CCFp, etc. There is also great potential for scalping when the most extreme pairs are due for a return to the zero level. All this is great, but it also creates coding nightmares.
The vertical dotted lines on the indi was at 07:15GMT and the other one at 10:45GMT. There were other crosses of the +/-0.004 levels also, but these yielded some nice pips.
What I'm asking you to think about is something we've all been wondering: when to start the board at the right time and how to automate that process. It's difficult to create a PIN that doesn't allow the whole board to trade because PINS are pair-specific....
So here is what I suggest: Use this indi and build it into a version of the MUX. In other words a Board Limiting MUX version where none of your PINS that are assigned to the MUX will fire unless your specified criteria is met. The criteria for this indi would typically be if "n" amount of currency lines crosses beyond level "x" on a specific TF (for me it's at least one line crossing the + or - 0.004 level on the M5 TF, or two crosses, but then there's the risk of catching the move late. Some other obvious parameters could be the usual like current candle, or waiting for a closed candle, etc. AND also, even when the MUX is activated with some pairs beyond the 0.004 levels, to exclude all pairs that hangs around the zero level - example: not trade any currencies between 0.0015 and -0.0015. This could also lead to you deciding to ONLY trade pairs outside of a certain level.
Please download this indi and test it for yourselves. Go back and see where you made big pips with your board and where not (typically congested movement of the lines around the zero level) and compare those times with the movement of these lines beyond the 0.004 level on M5.
I hope you clever coders can come up with a way to use this in automated trading, but if not, please re-code it for me with a simple alert that tells me when it moves beyond levels.
PS: A Board Limiting MUX can be coded in many ways and has endless potential. For example, many of us who have been watching the EAX board for many months know that there are certain combinations of your PINS that give you visual indications of market movement. I'm talking about those times when you have one or two trading signal firing on EAX and you just KNOW it's not a good time to trade them. Then later you have 15 trade signals firing on the board. With a Board Limiting MUX, you can tell it not to fire any signals, unless it has at least 10 PIN signals to send to EAX... Also, in such an MUX, you can add additional trading times (apart from EAX's built in session times) like specific GMT times when PINS will fire or not. And also pair limitations - example: if you don't have at least three EUR PINS firing, not to trade any EUR signals, etc. Think about it.
Cheers,
Lee
I'm writing this firstly because I have a question, and secondly because I think I have a solution.
My question is what indicators do you guys use to tell you the moment when the money is flowing into the market and it's now time to start the dash? All of us know this moment: it's that 15 or 20 minute period when the board will run up to 100's of pips with very little DD and your board fires up like a christmas tree. This mostly happens only 2 or 3 times in a day - once in Asia, once or twice in Euro/London and once/twice in NY. Is it volume/volatility indicator (even if it's broker specific), or do you have some liquidity meter? Do you simply wait for many of your PIN's and other signal's to appear or is there something else you use to tell you that magic moment when to press the "Auto" button? Your inputs and ideas will be appreciated.
What I use is the indi below.
At first glance, you might think it's just another spaghetti-type strength indicator like hundreds of others out there and that it behaves the same, but I find this indicator to work like no other to tell me when the market is really moving. The reason for this is the large size of the movements.
How I use it: I look for one or more of the currency lines to move beyond the 0.004 levels on the M5 chart. See the picture below.
A strong move by one or more currencies beyond the 0.004 line is normally an indication that liquidity is increasing and that it's time to start playing.
Of course the possibilities in a PIN are endless if you think about individual pairs, the angle at which the lines move and all the other coding that has been done around indi's such as CCFp, etc. There is also great potential for scalping when the most extreme pairs are due for a return to the zero level. All this is great, but it also creates coding nightmares.
The vertical dotted lines on the indi was at 07:15GMT and the other one at 10:45GMT. There were other crosses of the +/-0.004 levels also, but these yielded some nice pips.
What I'm asking you to think about is something we've all been wondering: when to start the board at the right time and how to automate that process. It's difficult to create a PIN that doesn't allow the whole board to trade because PINS are pair-specific....
So here is what I suggest: Use this indi and build it into a version of the MUX. In other words a Board Limiting MUX version where none of your PINS that are assigned to the MUX will fire unless your specified criteria is met. The criteria for this indi would typically be if "n" amount of currency lines crosses beyond level "x" on a specific TF (for me it's at least one line crossing the + or - 0.004 level on the M5 TF, or two crosses, but then there's the risk of catching the move late. Some other obvious parameters could be the usual like current candle, or waiting for a closed candle, etc. AND also, even when the MUX is activated with some pairs beyond the 0.004 levels, to exclude all pairs that hangs around the zero level - example: not trade any currencies between 0.0015 and -0.0015. This could also lead to you deciding to ONLY trade pairs outside of a certain level.
Please download this indi and test it for yourselves. Go back and see where you made big pips with your board and where not (typically congested movement of the lines around the zero level) and compare those times with the movement of these lines beyond the 0.004 level on M5.
I hope you clever coders can come up with a way to use this in automated trading, but if not, please re-code it for me with a simple alert that tells me when it moves beyond levels.
PS: A Board Limiting MUX can be coded in many ways and has endless potential. For example, many of us who have been watching the EAX board for many months know that there are certain combinations of your PINS that give you visual indications of market movement. I'm talking about those times when you have one or two trading signal firing on EAX and you just KNOW it's not a good time to trade them. Then later you have 15 trade signals firing on the board. With a Board Limiting MUX, you can tell it not to fire any signals, unless it has at least 10 PIN signals to send to EAX... Also, in such an MUX, you can add additional trading times (apart from EAX's built in session times) like specific GMT times when PINS will fire or not. And also pair limitations - example: if you don't have at least three EUR PINS firing, not to trade any EUR signals, etc. Think about it.
Cheers,
Lee
Fix your thoughts on what is true, and honorable, and right, and pure...
- #357
- Mar 20, 2018 2:48pm Mar 20, 2018 2:48pm
Today, it was a tough day to trade. Probably tomorrow will be the news 18 - 18:30 GMT Federal Funds Rate and FOMC Press Conference. On Thursday all GBP pairs will wait 12:00 GMT BoE Rate.
Overall, a good result for the day with my test. More patience and persistence. Little in London and a little in New York.
Днес, беше труден ден за търговия. Вероятно и утре ще е така до новините 18 - 18:30 GMT Federal Funds Rate и FOMC Press Conference. В четвъртък всички двойки с GBP, ще чакат 12:00 GMT BoE Rate.
Като цяло, добър резултат за деня с моят тест. Повече търпение и упоритост. Малко в Лондон и малко в Ню Йорк.
Overall, a good result for the day with my test. More patience and persistence. Little in London and a little in New York.
Днес, беше труден ден за търговия. Вероятно и утре ще е така до новините 18 - 18:30 GMT Federal Funds Rate и FOMC Press Conference. В четвъртък всички двойки с GBP, ще чакат 12:00 GMT BoE Rate.
Като цяло, добър резултат за деня с моят тест. Повече търпение и упоритост. Малко в Лондон и малко в Ню Йорк.
