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Volumes and SnR

  • #61
  • May 29, 2018 10:12am May 29, 2018 10:12am
Hello every one

am already member of efx plus since 10 days , they are doing good job ..

but am thinking about subscribing with Bankersfx as well
the question is
are they provide the exact trades or they are a pit different ?
how useful the core indicator ?
efx they send nice email notifications once new trade arrive , is Bankersfx the same ?

many thanks
  • #62
  • Edited 1:05pm May 30, 2018 12:42pm | Edited 1:05pm
Angela, did you subscribe volume data from quandl.com in the past?
Are you running a firm?
Quandl requests at least 150k USD per year for order flow data.
How much was it for volume data?
The costs and requirements are beyond my expectation.
  • #63
  • May 31, 2018 10:18am May 31, 2018 10:18am
I subscribed to the Bankersfx indicators

- the Banks position indicator it seems in not working or not been apdated for more than 2 weeks
last trade posted on 18th May !!

- core volume indicator looks very good .

- customer support is very week .
  • #64
  • Jun 2, 2018 5:40am Jun 2, 2018 5:40am
there are a few comments on the other thread
https://www.forexfactory.com/showthr...644501&page=27

that Bankersfx is a scam.

Not sure if the creator of this post has affiliation to Bankersfx.
  • #65
  • Jun 2, 2018 9:52pm Jun 2, 2018 9:52pm
Hi Angela

Great start to your new thread & volumes method, congrats! (Outside of the normal keyboard warriors that can always be found here in FF) Ignore them & ban them from your thread.

Looking forward to learning much from you as I have rarely used volume in my trading. It looks very promising the way you so easily describe it.

Keep up the great trading & posting!

G
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #66
  • Edited Jun 9, 2018 4:18am Jun 8, 2018 3:38pm | Edited Jun 9, 2018 4:18am
As there are quite a few ignorants here claiming BankersFX is a scam (not that it would matter if Angela was indeed affiliated with them) I want to show what you can do with the volume indicator. It gives excellent signals typically 1-2 bars earlier then the best moving average available. This makes sense as before price can move and change trend volume delta has to change first.

Full source code here (not for beginners): https://github.com/rosasurfer/mt4-mq...me%20Delta.mq4
Attached Image(s) (click to enlarge)
Click to Enlarge Name: VolumeDelta_1.png Size: 40 KB
Click to Enlarge Name: VolumeDelta_2.png Size: 15 KB
It takes blood, sweat and enough tears to wash away the blood.
  • #67
  • Edited 6:23pm Jun 8, 2018 6:06pm | Edited 6:23pm
Quoting emmzett
As there are quite a few ignorants here claiming BankersFX is a scam (not that it would matter if Angela was indeed affiliated to them) I want to show what you can do with the volume indicator. It gives excellent signals typically 1-2 bars earlier then the best moving average available. This makes sense as before price can move and change trend volume delta has to change first. Full source code here (not for beginners): https://github.com/rosasurfer/mt4-mq...me%20Delta.mq4 {image} {image}

Thanks emmzett but I am getting these errors when compiling??

https://prnt.sc/jsqnh4

Where does one get all the mqh files & dll files from?

Is there any reason you can't simply upload a zip here with the indicator & files?

Thanks
G
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #68
  • Jun 9, 2018 4:08am Jun 9, 2018 4:08am
All the files, the DLL, the source code of the DLL and even the compiler are there. As I said this is not for beginners.

My intent is not to provide a downloadable indicator but to show what can be done with the data from the BankersFX feed.

Providing a compiled version is a no-go for professionals as nobody would know what the code is going to do on your machine. Also you still need to own a valid license. If you do own one you also have the indicator in a compiled form and can see almost the same as shown in my picture. All I did was to improve the visual presentation and to add my own signaling.

Said that, however if somebody wants to adapt it to its own needs the sources are open and freely available. I'm sorry if this response doesn't satisfy you.
It takes blood, sweat and enough tears to wash away the blood.
  • #69
  • Jun 9, 2018 11:47am Jun 9, 2018 11:47am
Just read the thread, it's only four pages.
It takes blood, sweat and enough tears to wash away the blood.
  • #70
  • Edited 11:09pm Jun 9, 2018 7:54pm | Edited 11:09pm
Nice looking indi @emmzett incorporating the data that way. I was wondering how long you have been using BankersFX volume data & how have you found it overall? Also how do you find the speed of the data coming though, & what's the CPU load like, I'm assuming ok?

Many Thanks

Quoting emmzett
As there are quite a few ignorants here claiming BankersFX is a scam (not that it would matter if Angela was indeed affiliated with them) I want to show what you can do with the volume indicator. It gives excellent signals typically 1-2 bars earlier then the best moving average available. This makes sense as before price can move and change trend volume delta has to change first. Full source code here (not for beginners): https://github.com/rosasurfer/mt4-mq...me%20Delta.mq4 {image} {image}
  • #71
  • Jun 10, 2018 1:04am Jun 10, 2018 1:04am
Quoting emmzett
Full source code here (not for beginners):
Don't know what else to say to you but many thanks!!! You are awesome and your repo is pretty amazing from my perspective. You've got some mad skills my friend. Thanks for sharing your work.
  • #72
  • Jun 10, 2018 5:53am Jun 10, 2018 5:53am
Quoting Hambone
{quote} ...Thanks for sharing your work.
Thank you.

Some general infos without going too much off-topic here. As to me backward-compatibility is of very high importance the repo uses old MQL4 syntax and old compiler setup. This makes sure that code will run in all terminals exactly the same regardless of what MetaQuotes thinks or does. I recommend to follow this post from the great Hanover. Integration of MQL4.5 is in the works but without high priority.

For questions just open an issue and I will respond there.
It takes blood, sweat and enough tears to wash away the blood.
  • #73
  • Jun 10, 2018 6:22am Jun 10, 2018 6:22am
Quoting J-j
Nice looking indi @emmzett incorporating the data that way. I was wondering how long you have been using BankersFX volume data & how have you found it overall? Also how do you find the speed of the data coming though, & what's the CPU load like, I'm assuming ok? Many Thanks {quote}
Thank you. I use it since two months and I'm very satisfied. Said that, volume delta alone is not enough for a profitable strategy. I recommend to combine it with something else, preferrable something simple. You can use it from M5 up to H1, sometimes even more. Depends on the instrument, e.g. for EURUSD it's execellent from M15-H1.

There will be folks who are not able to utilize it (this is where the false claims come from), and there are others who are able to use it to their advantage. That's just normal and depends on your approach and experience. In general it gives you a strong additional guide which is based on facts (rare info for retail traders) and takes away a lot of guess-work. Reducing the guessing is where I see it's biggest advantage.

As for speed, once loaded there are no issues CPU wise. The data itself is fast (they push through HTTP2 if your OS supports it). Loading can be improved as initial login and symbol subscription happen in the indicator thread (the UI thread) and block the terminal for 1-3 seconds. I wrote the above wrapper indicator to work around the loading issues and speed things up. Essentially on terminal start the Core Volumes indicator immediately tries to connect to their data feed and ends up in a blocking loop, which is wrong as you have to wait until the account number is initialized (for license checking). My above wrapper indicator avoids this blocking loop.

For me the most interesting question was the quality of the Tester support, and I can say with the wrapper it works in the Tester without issues.
It takes blood, sweat and enough tears to wash away the blood.
  • #74
  • Edited 12:26pm Jun 10, 2018 12:00pm | Edited 12:26pm
It is unfortunate that such a great thread would be taken over by techies and focus on the indicator or volume. As with any thread, information decay is inevitable and I would urge Angela to not return back in this swamp and to continue doing what is best for her account. There is absolutely no need to open threads and share your success asthere will always be naysayers ready to jump and affect your mindset.

Here's my two cents... What seems to be missing from the reader's understanding is the fundamentals behind why this strategy will ALWAYS work without any indicator or volume or Pivot or SR. You do not need any of those to trade a fantastic, logical and sensible strategy like this one. Angela is successful because of "doing what works best and ignore the rest... rinse/repeat" attitude towards trading. I am confident, she can succeed trading with naked charts also.

The strength or weakness in the Mighty US Dollar is the ONLY fundamental reason why the entire currency markets move. It is the weapon to avoid price manipulations that happen on many fronts.

For those who asked how to trade other pairs, it is very straightforward.

VeeFX: The Mighty Dollar

  1. When USD is in strength mode across majors, almost all crosses will be going higher and higher (with varying "speed/force")
  2. When USD is in weakness mode across majors, almost all crosses will be going lower and lower (with varying "speed/force")
  3. Stay away when USD is dancing up and down across other majors


Simple and Elegant Solution! The above is a mathematical fact embedded in the currency market. I posted some screenshots earlier on how I use the Movers/Shakers indicator without using any charts.

Focus on what Market HAS to do. The Currency Market HAS to follow the USD by design (and maybe JPY under certain risk on/off conditions being a funding currency)

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image2.png Size: 13 KB
Click to Enlarge Name: Image3.png Size: 12 KB
Click to Enlarge Name: Image4.png Size: 12 KB
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Click to Enlarge Name: Image7.png Size: 11 KB
Staying in my lane...
  • #75
  • Jun 10, 2018 2:02pm Jun 10, 2018 2:02pm
Quoting emmzett
As there are quite a few ignorants here claiming BankersFX is a scam (not that it would matter if Angela was indeed affiliated with them) I want to show what you can do with the volume indicator. It gives excellent signals typically 1-2 bars earlier then the best moving average available. This makes sense as before price can move and change trend volume delta has to change first. Full source code here (not for beginners): https://github.com/rosasurfer/mt4-mq...me%20Delta.mq4 {image} {image}
Are you sure thats the volumes indicator from BankersFX. I am a subscriber of the BankersFX Volume Indicator and the parameters look completely different that the one's you have posted
Attached Image (click to enlarge)
Click to Enlarge Name: Bankers CVI.PNG Size: 32 KB
  • #76
  • Jun 10, 2018 2:55pm Jun 10, 2018 2:55pm
[quote=VEEFX;11152109]It is unfortunate that such a great thread would be taken over by techies and focus on the indicator or volume. As with any thread,

Ditto, this is what I do with the USD and I use MTF currency strength charts (not meters)
  • #77
  • Jun 10, 2018 3:18pm Jun 10, 2018 3:18pm
[quote=pipatronic;11152319]
Quoting VEEFX
It is unfortunate that such a great thread would be taken over by techies and focus on the indicator or volume. As with any thread, Ditto, this is what I do with the USD and I use MTF currency strength charts (not meters)
YYYEEESSS.

Fancy looking Strength Meters based on some "calculation" should never be used as a trigger for entries!
Staying in my lane...
  • #78
  • Jun 10, 2018 4:36pm Jun 10, 2018 4:36pm
Quoting soulmysoul
{quote} Are you sure...
Well, if you had read more carefully and maybe had a look at the link I posted then you would have found this:
Attached Image (click to enlarge)
Click to Enlarge Name: bfx.png Size: 45 KB
It takes blood, sweat and enough tears to wash away the blood.
  • #79
  • Jun 10, 2018 6:15pm Jun 10, 2018 6:15pm
Thanks for your reply emmzett, most appreciated

Quoting emmzett
{quote} Thank you. I use it since two months and I'm very satisfied. Said that, volume delta alone is not enough for a profitable strategy. I recommend to combine it with something else, preferrable something simple. You can use it from M5 up to H1, sometimes even more. Depends on the instrument, e.g. for EURUSD it's execellent from M15-H1. There will be folks who are not able to utilize it (this is where the false claims come from), and there are others who are able to use it to their advantage. That's just normal and depends on your approach and...
  • #80
  • Jun 10, 2018 6:40pm Jun 10, 2018 6:40pm
Thanks @VEEFX always insightful reading your posts, slowly been making my way though them from the many threads in the last few days
Agree its a shame how some of the threads on FF quickly denigrate, & I thought guitar forums were bad

Cheers

Quoting VEEFX
It is unfortunate that such a great thread would be taken over by techies and focus on the indicator or volume. As with any thread, information decay is inevitable and I would urge Angela to not return back in this swamp and to continue doing what is best for her account. There is absolutely no need to open threads and share your success asthere will always be naysayers ready to jump and affect your mindset. Here's my two cents... What seems to be missing from the reader's understanding is the fundamentals behind why this strategy will ALWAYS work...
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