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

The Volume Detective 411 replies

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

Quoting Robot Trader
{quote} I might be wrong but maybe Weyk is saying can anything be learnt from a trade that did not work, which can be applied to the rules when entering any new trade,remember we are always looking right on the chart. If there are a lot more winning trades then getting the odd loss will not matter. The best thing is to come up with a standard set of rules and then forward test to see how the results pan out. If members trade different pairs/TF's then we will get feedback quickly and adapt the rules if need be.
Quoting Pip-Miner
{quote} Looking forward to the EA Robot Trader
I sort of figured talk of an EA would come up at some point. Let me address that now -- it ain't going to happen, at least not from me.

I don't have anything against EAs and I'm sure a decent one could be created -- it's just that it draws a totally different crowd. There are the lazy traders who want / expect their hand to be held, and there are the old traders who resent anything new and will work to destroy me and this thread (of course, all in the name of "protecting the newbies"). I'll continue discussing and working on indicators, but I won't do an EA. If @Robot Trader or @Pip-Miner are interested in developing an EA then, by all means, go for it. But not on this thread.

BTW, just so there is no misunderstanding -- I am absolutely NOT referring to @George or his colleagues. @George and his colleagues are absolute gentlemen and ladies -- period.
Quoting robots4me
{quote} {quote} Okay -- but what trade is he talking about? I didn't see any trade. I thought @Weyk and @rosalieone were talking about treating a liquidity gap like a target level -- i.e. fake S/R.
Like I said I could be totally wrong thus a response from Weyk would clarify
Some people say I'm lucky, but the more I practice the luckier I get
Quoting robots4me
{quote} {quote} I sort of figured talk of an EA would come up at some point. Let me address that now -- it ain't going to happen, at least not from me. I don't have anything against EAs and I'm sure a decent one could be created -- it's just that it draws a totally different crowd. There are the lazy traders who want / expect their hand to be held, and there are the old traders who resent anything new and will work to destroy me and this thread (of course, all in the name of "protecting the newbies"). I'll continue discussing and working on indicators,...
If I see some rules that can be developed into an EA then that would be a different topic.

I have had a PM from George saying he has already achieved a profitable EA from part of his trading methodology which I believe was developed by one of his students (for the want of a better word)
Some people say I'm lucky, but the more I practice the luckier I get
Quoting robots4me
{quote} {quote} I sort of figured talk of an EA would come up at some point. Let me address that now -- it ain't going to happen, at least not from me. I don't have anything against EAs and I'm sure a decent one could be created -- it's just that it draws a totally different crowd. There are the lazy traders who want / expect their hand to be held, and there are the old traders who resent anything new and will work to destroy me and this thread (of course, all in the name of "protecting the newbies"). I'll continue discussing and working on indicators,...
I’m terribly sorry for over stepping the mark here robots4me. No offence was intended to you or George or the community here.
i understand there are different generations of traders and the older ones are the most knowledgeable of all, given their great experience. It’s a privilege to be a amongst such great company.

it’s not about being lazy but moving with the times, bit like you not wanting to draw lines by hand but use an indicator to automate that process.
  • Post #1,705
  • Quote
  • Edited May 20, 2019 12:35am May 19, 2019 2:59am | Edited May 20, 2019 12:35am
I've uploaded a new indicator -- MMZone2Indi. It is still a work in progress and I am interested in your comments / feedback...

Attached Image (click to enlarge)
Click to Enlarge Name: MMZone2Indi.png Size: 54 KB


I'll describe what's happening here...

We've recently been discussing dividing a price chart into two zones -- Zone #1 and Zone #2. Zone #1 is where most all the trading occurs and where the MM performs its manipulations. There is no reason not to trade in Zone #1 -- just be aware of the manipulation going on. This is what we learned from @George's thread.

Early on in this thread when asked for some guidance on how one should trade in the presence of all this manipulation, @moodybot provided a clue -- wait for the MM to show its hand. And that is what led to the idea of a Zone #2. Zone #2 is the region immediately following a perturbation where the MM closed an accumulation of stop losses to generate liquidity. The perturbation comes in the form of a price spike. A side-effect of the price spike is that a liquidity gap is formed. I don't think this is intentional -- rather, it is the result of an unexpected spike that skips over a range of prices.

In the immediate aftermath of the perturbation the system is in an unstable state and the price is out of whack. So, the MM probably desires for the system to return to a "fair value", equilibrium state. This small window -- where the MM probably limits its manipulation -- I'm calling Zone #2.

There is no official definition of where Zone #2 begins and ends. This is strictly empirical. But it's interesting and introduces yet another approach to trading.

The MMZone2Indi indicator uses the immediate aftermath of a liquidity gap to define the start of a new Zone #2. That is, Zone #2 begins at a newly formed liquidity gap. But where does it end? Who knows. What I've done here is to use the first 7-bar fractal to define the end of a Zone #2. There is nothing magical about using a 7-bar fractal -- I just needed something to act as a fence post between Zone #2 and the next Zone #1 because the MM certainly does not leave anything behind that could serve as a boundary. The white rectangles you see are the Zone #2's that the indicator drew. The rules I used to draw this rectangle are not carved in stone and can be adjusted if anyone comes up with a better idea.

Okay -- so here are the rules:

1. Define Zone #2 -- where the LHS (left-hand side) is a newly-formed liquidity gap and the RHS (right-hand side) is a 7-bar fractal pointing in the same direction as the liquidity gap.

2. Within Zone #2 we are looking to trade in the opposite direction of the LG (liquidity gap). That is, after a bullish LG we are looking to go SHORT, and after a bearish LG we are looking to go LONG.

3. Within Zone #2, we need a filter / indicator / magic wizard to help us decide the timing of a trade. In this example I've chosen to use the default Stochastic oscillator since it has both a direction and timing component. When the Stoch crosses '80' downward then you SELL, and when the Stoch crosses '20' upward then you BUY. The White arrows align with the Stoch crossing '20' upwards, and the Red arrows align with the Stoch crossing '80' downwards.

It's not perfect but, hopefully, you get the idea. Additional rules / filters can be added to improve accuracy.

This is hot out of the oven and I haven't analyzed the results in depth, but it looks promising. Most of the arrows would result in winning trades -- though some would require a larger stop loss to survive the bumps.

One important question that still remains -- when to Exit. If you are greedy and wait too long, then your winning trade turns into a loser. It looks like if you are willing to accept small wins then positions that were opened within Zone #2 have a high win rate.

One more point -- I really like using @Nih98's TMA indicator and I've included it in the example above. Though not required, it does provide visual context so you can better determine whether the current perturbation is strong or weak, which might influence your decision to make a trade within the current Zone #2 or pass.

2019/05/19
The MMZone2Indi.ex4 indicator has been updated and moved to the bottom of post #1.
Here's a link:
https://www.forexfactory.com/showthread.php?t=911239
Quoting Pip-Miner
{quote} I’m terribly sorry for over stepping the mark here robots4me. No offence was intended to you or George or the community here. i understand there are different generations of traders and the older ones are the most knowledgeable of all, given their great experience. It’s a privilege to be a amongst such great company. it’s not about being lazy but moving with the times, bit like you not wanting to draw lines by hand but use an indicator to automate that process.
Hey @Pip-Miner -- my apologies -- I wasn't referring to you. I'm still raw from dealing with the boys over in the @scammer thread and you got caught in the cross fire. I figured that talk of an EA would come up sooner or later and, so, I used your post in an effort to nip that in the bud. Hope you understand...
Quoting robots4me
I've uploaded a new indicator -- MMZone2Indi. It is still a work in progress and I am interested in your comments / feedback... {image} I'll describe what's happening here... We've recently been discussing dividing a price chart into two zones -- Zone #1 and Zone #2. Zone #1 is where most all the trading occurs and where the MM performs its manipulations. There is no reason not to trade in Zone #1 -- just be aware of the manipulation going on. This is what we learned from @George's thread. Early on in this thread when asked for some guidance on...
Once again amazing stuff R4M! Thanks again for the hard work, I will add this indi to my charts and do some homework the next couple of hours!
Quoting Robot Trader
{quote} If I see some rules that can be developed into an EA then that would be a different topic. I have had a PM from George saying he has already achieved a profitable EA from part of his trading methodology which I believe was developed by one of his students (for the want of a better word)
@Robot Trader -- and you've noticed @George doesn't discuss it publicly. He probably has a number of good reasons.

We will never achieve @George's precision or consistency -- not even close. His strike rate is in the 98-100% range.

With the right methodology and indicator(s) I think 70-75% could be achieved and would be an amazing result. @George would consider that quite mediocre
Quoting robots4me
I've uploaded a new indicator -- MMZone2Indi. It is still a work in progress and I am interested in your comments / feedback... {image} I'll describe what's happening here... We've recently been discussing dividing a price chart into two zones -- Zone #1 and Zone #2. Zone #1 is where most all the trading occurs and where the MM performs its manipulations. There is no reason not to trade in Zone #1 -- just be aware of the manipulation going on. This is what we learned from @George's thread. Early on in this thread when asked for some guidance on...
Attached Image (click to enlarge)
Click to Enlarge Name: MMZone2Indi-2.png Size: 41 KB


Here's another screen shot where I've overlayed a Heiken Ashi indicator. It lines up well with the Stochastic crossings.
Hey R4M, been going through lots of data and I noticed 2 possible bugs? If these ain't bugs then I apologize.

Picture 1 we have 2 bearish arrows without there being an LG. I notice this happens a couple of times when skimming through the charts.


Picture 2 we have what I would say a random arrow right before an LG? I also noticed this a couple of times but not as often as the double arrows.


Thanks,
Wim
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: random arrow.png Size: 107 KB
Quoting LongBTC
Hey R4M, been going through lots of data and I noticed 2 possible bugs? If these ain't bugs then I apologize. Picture 1 we have 2 bearish arrows without there being a LG. I notice this happens a couple of times when skimming through the charts. Picture 2 we have what I would saw a random arrow right before a LG? I also noticed this a couple times but not as often as the double arrows. Thanks, Wim {image} {image}
Picture 1 -- look below the arrows -- there's a white rectangle which includes the arrows. The way the white rectangle is currently drawn encompasses the start / end time (i.e. x-dimension)of Zone #2, but not necessarily all the bars (i.e. y-dimension).

Picture 2 -- you are right -- good catch. The arrow falls on the LHS (left-hand-side) boundary of the rectangle. The algorithm currently checks for "greater-than-or-equal", but it should check for "great-than". I'll fix that -- thanks.

Also, I think it helps to use @Nih98's TMA bands indicator in the background. It provides a better visual context to judge the strength of the perturbation that caused the LG in the first place.
Quoting robots4me
{quote} Picture 1 -- look below the arrows -- there's a white rectangle which includes the arrows. The way the white rectangle is currently drawn encompasses the start / end time (i.e. x-dimension)of Zone #2, but not necessarily all the bars (i.e. y-dimension). Picture 2 -- you are right -- good catch. The arrow falls on the LHS (left-hand-side) boundary of the rectangle. The algorithm currently checks for "greater-than-or-equal", but it should check for "great-than". I'll fix that -- thanks. Also, I think it helps to use @Nih98's TMA bands indicator...
What post is Nih98's TMA bands indicator uploaded on? I cant seem to find it.

Thanks for another interesting indicator robots4me.

Edit: I found Nih98's TMA bands indicator by searching his uploads on his profile. Here it is if anyone else wants it.
Attached File(s)
File Type: ex4 ! NIH98 !TMA Centered Multi Bands Indi.ex4   45 KB | 401 downloads
A fool learns from his mistakes. A wise man learns from the fools mistakes.
Quoting matthew89
{quote} What post is Nih98's TMA bands indicator uploaded on? I cant seem to find it. Thanks for another interesting indicator robots4me. Edit: I found Nih98's TMA bands indicator by searching his uploads on his profile. Here it is if anyone else wants it. {file}
@matthew89 -- actually, the one I'm using is called: ! NIH98 !TMA True Force Indi

You need to go to his thread -- and in post #1 he has bundled all his indicators into *.rar and *.zip files. You will find this TMA indicator, along with others and a beautiful template. He has made it very easy.

Both the one you downloaded and the one he uses in his thread are very nice and serve the same purpose, though he @Nih98 seems to favor ! NIH98 !TMA True Force.
Quoting Milx
Using this system to 2 different broker and have little another entry point why it's that ?
@Milx -- please don't ask questions like that here. This is something you need to be able to figure out yourself. I don't want the thread to be full of posts asking questions about how to install or use an indicator. The thread is about MM psychology and how best to trade it.
Quoting robots4me
{quote} @matthew89 -- actually, the one I'm using is called: ! NIH98 !TMA True Force Indi You need to go to his thread -- and in post #1 he has bundled all his indicators into *.rar and *.zip files. You will find this TMA indicator, along with others and a beautiful template. He has made it very easy. Both the one you downloaded and the one he uses in his thread are very nice and serve the same purpose, though he @Nih98 seems to favor ! NIH98 !TMA True Force.
Hi Bro @Matthew89 and Bro @Robots4me, and all. My !NIH98 !TMA True Force Indi, default base on LWMA mid line (NRP) with ATR Bands following @George Aus recommendation and with Force Price Calculation, while My !NIH98 !TMA Centered Multi Bands Indi, default base on Triangular MA centered line(mid line) with ATR Bands that 'repainting on purpose' to marking and mapping cyclical process in price movement.

"Both' Could help you see and mapping the price movement better,and to know 'where we are' atm. If you know how to use them, they are 'Horny Girls' (sexier version of Holy Grail..lol), because sometimes they 'lead'.

Attached Image (click to enlarge)
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Happy Trading and Keep Smiling
NIH
Dog + Smile = Beautiful Day
Quoting Nih98
{quote} Hi Bro @Matthew89 and Bro @Robots4me, and all. My !NIH98 !TMA True Force Indi, default base on LWMA mid line (NRP) with ATR Bands following @George Aus recommendation and with Force Price Calculation, while My !NIH98 !TMA Centered Multi Bands Indi, default base on Triangular MA centered line(mid line) with ATR Bands that 'repainting on purpose' to marking and mapping cyclical process in price movement. "Both' Could help you see and mapping the price movement better,and to know 'where we are' atm. If you know how to use them, they are 'Horny...
Quote
If you know how to use them, they are 'Horny Girls' (sexier version of Holy Grail..lol), because sometimes they 'lead'.

@Nih98 -- you are too funny. Here, in the US, that would be very "politically incorrect". But coming from you I understand what you mean and it's a perfect description. @Nih98 -- you're the best. Thank you.
Quoting robots4me
{quote} {quote} @Nih98 -- you are too funny. Here, in the US, that would be very "politically incorrect". But coming from you I understand what you mean and it's a perfect description. @Nih98 -- you're the best. Thank you.
we had an Australian rugby player sacked from a 4 million contract for quoting bible.

Folau was found to have committed a “high-level breach” (https://www.independent.co.uk/sport/rugby/rugby-union/news-comment/israel-folau-sacked-australia-contract-terminated-rugby-union-world-cup-2019-who-will-he-join-a8870126.html) of the governing body’s Professional Players’ Code of Conduct after claiming that "hell awaits" for "drunks, homosexuals, adulterers, liars, fornicators, thieves, atheists, idolators".
Quoting Nih98
{quote} Hi Bro @Matthew89 and Bro @Robots4me, and all. My !NIH98 !TMA True Force Indi, default base on LWMA mid line (NRP) with ATR Bands following @George Aus recommendation and with Force Price Calculation, while My !NIH98 !TMA Centered Multi Bands Indi, default base on Triangular MA centered line(mid line) with ATR Bands that 'repainting on purpose' to marking and mapping cyclical process in price movement. "Both' Could help you see and mapping the price movement better,and to know 'where we are' atm. If you know how to use them, they are 'Horny...
This is getting really good now . I combined Nih98 indicator with robot4me liquidity finder. The targets are support and resistance red lines.
on the DAX
Why the dax ? central exchange the manipulation is far more clear
Attached Image (click to enlarge)
Click to Enlarge Name: MM.PNG Size: 84 KB
The MMZone2Indi.ex4 indicator has been updated and moved to the bottom of post #1.

Attached Image (click to enlarge)
Click to Enlarge Name: MMZone2Indi-v2.png Size: 190 KB


Here's a link:
https://www.forexfactory.com/showthread.php?t=911239
Could be of relevance to this thread.
https://www.cnbc.com/2019/05/16/eu-regulators-fine-five-banks-for-forex-rigging.html?fbclid=IwAR396r0oJBG9RCQ-rsxVlC9v_5soqQ-YgenES9u1-DDdYzCZ7owijzddiRM
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