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The Volume Detective 411 replies

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

  • #2,701
  • Jun 8, 2019 8:23pm Jun 8, 2019 8:23pm
Quoting Pip-Miner
{quote} I already tested all this by building my own ea with tma 1 minute settings and adr and fixed stop loss. It failed miserably. Thats why the other Mob use a hedged grid. Without money management or a grid doesn’t work consistently.
@Pip-Miner -- for now, let's leave EAs out of this. EAs don't trade like humans -- they rely on exact thresholds -- e.g. RSI >= 70. And if the RSI is 69.999? The algo says no go. But a human may decide that 69.999 is close enough. EAs have no concept of "close enough", but humans do.

As for money management -- YES!!! @George et al use a hedged grid to achieve better performance. But hedging falls under money management and @George never mentions that on his thread, does he? I wonder why? Hmmmmmmmmm....
  • #2,702
  • Jun 8, 2019 8:26pm Jun 8, 2019 8:26pm
Quoting YoungET
{quote} The pair isn't a factor at all, in fact the currency market as a whole isn't a factor as harmonics can be used across all financial markets. I plan to test it against a wide variety of pairs across a multitude of time frames (you shall see what I mean once I write it all out but it's currently 1.30am) but I shall write a simple outline for the mean time explaining my thought process. From my understanding market makers have a strong tendency to whip price above accumulation of stops whilst triggering buy or sell orders. So what I plan to...
@YoungET -- this is excellent. This is exactly the type of assistance I was hoping for. If you come up with an interesting observation then I will incorporate it into an existing indicator or a new one.
  • #2,703
  • Jun 8, 2019 8:31pm Jun 8, 2019 8:31pm
Quoting skyway
{quote} He demonstrates a grossly immature mind. He is a staunch devotee of Master George. Nothing wrong with that. But if you(anyone) in any way stand up to his master to point out his master's failings, eventhough they are indisputably valid, example his atrocious character this lad will automatically brand you as enemy, his logical mind and common sense cease to work blinded by his loyalty to his master. If you are against my master, I am dead set against you. My master's enemy is mine. There are plenty blinded devotees not only on George thread,...
Quote
I hope they read my post. Wake up !!!
@skyway -- when I saw that I did a double-take. It sounded like something @George would say.

@skyway -- considering all the abuse they've laid on me, if I can let it lie then you should be able to, as well.

In the end we'll leave them in the rear view mirror -- let's just focus on figuring out a simple way to mitigate "false positives".
  • #2,704
  • Jun 8, 2019 8:38pm Jun 8, 2019 8:38pm
Quoting robots4me
{quote} @Pip-Miner -- for now, let's leave EAs out of this. EAs don't trade like humans -- they rely on exact thresholds -- e.g. RSI >= 70. And if the RSI is 69.999? The algo says no go. But a human may decide that 69.999 is close enough. EAs have no concept of "close enough", but humans do. As for money management -- YES!!! @George et al use a hedged grid to achieve better performance. But hedging falls under money management and @George never mentions that on his thread, does he? I wonder why? Hmmmmmmmmm....
I agree humans use fuzzy logic. Someone like George if he shared could tell us exactly his thought process through a trade. There are steps missing in this process to reduce the false positives.

If i use a HEDGE grid the results are much better.

HEDGING is a key factor to defeat MM. I believe that's the true reason HEDGING was banned in the US as it gives you a edge over the manipulation. Infact , all my systems do much better with a hedging grid, no matter how you enter.
  • #2,705
  • Edited 9:25pm Jun 8, 2019 8:39pm | Edited 9:25pm
Quoting robots4me
IRUTM TMA Reversal Trading System (Part 5 of 6) This is an important post because I wanted to discuss the weakness of this trading system -- namely, false positives. {image} Check-out the screen shot above -- you can see the two candidate signals at the bottom (blue dots). Even though they've entered the TMA zone they don't reverse (retrace). These are referred to as "false positives". Sometimes the market takes out targets levels (i.e. TOPS/BOTTOMS) and keeps going. Sometimes the market enters TMA Zones and keeps going. @George never mentions this...
Looking at your posted chart first Blue Dot Trade 1 second Blue Dot Trade 2, TP Trade 1 EP, so no Hedging just a dynamic grid. This is just a simple example and would have worked based on the chart you posted. The other thing to look at is when PA returns to the Mean that is your TP/SL on a single or multi trade dynamic grid. Therefore you will get loosing trades, but if the Extreme EP gives high probability trades then the Winning trade(s) (single or grid) should offset the losses, if not then the Strategy does not work and you need another filter like Divergence, so you only take trades where Extreme Blue Dot and Divergence come together.

EDIT: Just to say realistically the Blue Dot would not be the EP (it was just meant to be an example) but again based on the chart the Bullish Candles that those Blue Dots identify could be the EP(s). The rule could be enter based on Bullish Candles closing above the White line(s) in the direction of the Mean, to give some sort of conformation PA could be returning to the Mean (a reversal), also smaller Bearish Candles to the left of any Bullish EP candle could confirm the Bearish run is losing momentum and ready for reversal
Some people say I'm lucky, but the more I practice the luckier I get
  • #2,706
  • Jun 8, 2019 9:08pm Jun 8, 2019 9:08pm
Quoting robots4me
IRUTM TMA Reversal Trading System (Part 5 of 6) This is an important post because I wanted to discuss the weakness of this trading system -- namely, false positives. {image} Check-out the screen shot above -- you can see the two candidate signals at the bottom (blue dots). Even though they've entered the TMA zone they don't reverse (retrace). These are referred to as "false positives". Sometimes the market takes out targets levels (i.e. TOPS/BOTTOMS) and keeps going. Sometimes the market enters TMA Zones and keeps going. @George never mentions this...
Hi R4M, My english not too good here. Looking at the chart, the 2 large bear candles before the bullish candle are very large which IMHO shows there is steam in the bear's engine. The rule should be the last 3 bear candle b4 reversal should be in decrescendo order then a bullish engulfing all in the pressure zone
Only Jesus Saves
  • #2,707
  • Jun 8, 2019 9:13pm Jun 8, 2019 9:13pm
Quoting dotman
{quote} Hi R4M, My english not too good here. Looking at the chart, the 2 large bear candles before the bullish candle are very large which IMHO shows there is steam in the bear's engine. The rule should be the last 3 bear candle b4 reversal should be in decrescendo order then a bullish engulfing all in the pressure zone
Hello @dotman -- your English is fine -- much better than my Nigerian.

Thanks for your observation -- yes, simple filters like this are easy to add and could make a difference. If you can demonstrate how this holds up across different pairs and time frames then I would definitely include it.
  • #2,708
  • Jun 8, 2019 9:19pm Jun 8, 2019 9:19pm
IRUTM TMA Reversal Trading System (Part 6 of 6)

Actually, I have nothing more to add at this point. When I began this series of posts about the new indicator I wasn't sure how many I would write -- I picked '6' out of a hat. Since I am a man of my word then this post completes number '6' in the series.

So -- how come no one has yet asked me what "IRUTM" stands for? Not a very curious bunch, are you?
  • #2,709
  • Jun 8, 2019 9:23pm Jun 8, 2019 9:23pm
Quoting robots4me
IRUTM TMA Reversal Trading System (Part 6 of 6) Actually, I have nothing more to add at this point. When I began this series of posts about the new indicator I wasn't sure how many I would write -- I picked '6' out of a hat. Since I am a man of my word then this post completes number '6' in the series. So -- how come no one has yet asked me what "IRUTM" stands for? Not a very curious bunch, are you?
I Run Under The Market
Jokes aside do tell xd
  • #2,710
  • Edited 9:58pm Jun 8, 2019 9:26pm | Edited 9:58pm
Quoting skyway
The project was on-going, and at all times it was made perfectly clear that there was more to come. Steve jumped the gun with the indicators. He was strongly advised not to go down that route. -----moodybot R4m, is this true ? I can only assume now that as ''shit for brains'' has posted up the settings, Georges next part of the project, on reading the market within the washing machine will most definitely be kept in-house. ------- moodybot Are you kidding, moodybot ? Or are you using R4m as the fall guy as your convenient excuse to hide the fact...
Quote
He was strongly advised not to go down that route.
@skyway -- an outright lie. Early in this thread @George was supportive. Check out post #489 -- here's a link:
https://www.forexfactory.com/showthread.php?p=12248382#post12248382

THE INDICATOR HE HAS CREATED IS A PERFECT INDICATOR ,,,,
IT DOES THE JOB VERY NICELY ! ! ! !

So, was I advised not to go down a route -- never.


Quote
it was made perfectly clear that there was more to come.
Oh really? I thought everything was in post #2407. @George shutdown his thread (multiple times) -- announcing no more PM'ing or Skyping so he could get his life back. How was there going to be more to follow? There wasn't. And there won't be.

The dude calls me "shit for brains". What is the probability he might lie to make me look bad?

The new indicator has touched a nerve. The lies and insults were sure to follow -- which gives me even further incentive.

This is how the @George mob behaves. I'm a rookie. They claim to be master traders -- rulers over the MM. Why are they so focused on me? Since I am "shit for brains", a public forum prostitute, trash, ignorant, lazy, stupid, and a whole lot more -- why are they spending even an ounce of energy on me?

Either @George needs more attention or, maybe, they're afraid we might actually succeed at automating a trading system they kept secret and kept telling everyone couldn't be automated (until @George accidentally leaked about the EA). And now that they admit to an EA, claim it will only be used within the inner-circle.

Oh, yes. Has anyone noticed that FF moved @George's thread from 'Trading Systems' to 'Trading Discussion'? Doesn't happen very often that FF moves a thread to a different forum. It does show that FF recognized that @George's thread was listed under the wrong category. Furthermore, from the beginning @George was very clear he wasn't going to talk about his trading methodology. So @moodybot claiming there was more to come is, well, a bunch of <fill-in-the-blank>.

Great drama -- don't y'all think?
  • #2,711
  • Jun 8, 2019 9:40pm Jun 8, 2019 9:40pm
Hi Bro @Robots4me/Steve, just little suggestion that maybe could help to 'see' better.

If you want to 'specialized' in TF M15 this is how I use TMA bands/for FX RSI and also your ADR Histogram (I use it as daily volatility measurement tool beside BB).

GBP/JPY M15
Attached Image (click to enlarge)
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my TMA Band Setting
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for FX-RSI+MAs, MM-ADRIndi, MM-ADRHistIndi+MAs Setting
Attached Image (click to enlarge)
Click to Enlarge Name: MM ADR Indies M15 Setting.png Size: 168 KB


Have a nice weekend and keep smiling
NIH
Dog + Smile = Beautiful Day
  • #2,712
  • Jun 8, 2019 10:01pm Jun 8, 2019 10:01pm
Quoting Nih98
Hi Bro @Robots4me/Steve, just little suggestion that maybe could help to 'see' better. If you want to 'specialized' in TF M15 this is how I use TMA bands/for FX RSI and also your ADR Histogram (I use it as daily volatility measurement tool beside BB). GBP/JPY M15 {image} my TMA Band Setting {image} for FX-RSI+MAs, MM-ADRIndi, MM-ADRHistIndi+MAs Setting {image} Have a nice weekend and keep smiling NIH
Hello friend @Nih98 -- this is so excellent, thank you. I do like using M15 and I will switch to your settings.

You know, with all the BS coming from the other camp it is so nice to hear from you. It always brings a smile to my face.
  • #2,713
  • Jun 8, 2019 10:04pm Jun 8, 2019 10:04pm
Quoting skyway
{quote} Ok I bite, fingers crossed that it does not fly in my face. What does IRUTM stands for ? Tried but can't figure it out.
Quoting YoungET
{quote} I Run Under The Market Jokes aside do tell xd
@YoungET -- nice try, but not close.

Okay -- I'll give you guys a clue. It's all here...

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  • #2,714
  • Edited 10:50pm Jun 8, 2019 10:30pm | Edited 10:50pm
In relation with Post 2716, in general how to look at 'her' beauty..

GBPJPY M15
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY M15 - Specific M15 TMA RSI setting.png Size: 158 KB


GBPUSD M15
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD M15 -TMA RSI ADR Signals Reading Example.png Size: 153 KB


Hope it helps
NIH
Dog + Smile = Beautiful Day
  • #2,715
  • Jun 8, 2019 10:52pm Jun 8, 2019 10:52pm
Quoting Nih98
In relation with Post 2716, in general how to look at 'her' beauty.. {image} Hope it helps NIH
Great! NIh98 ... Thank you for sharing your settings & guiding us how to read the confluence between r4m&your cool indis
good weekend all,
cheers,
...want it most but use it worst!
  • #2,717
  • Edited 11:38pm Jun 8, 2019 11:23pm | Edited 11:38pm
Quoting hibra68
{quote} Hi Nih98, do you have a template and all the indicators somehwere? If not, can you share them? tnx,
@hibra68 -- you've been here at FF since 2015 and you don't know how to use the search bar? Why would you post a question like that in the middle of a thread?
  • #2,718
  • Jun 9, 2019 1:52am Jun 9, 2019 1:52am
Oh Boy.. there is a proverb in my country, "bitten by the words of his own mouth". This is a shameful situation that I always try to avoid by always being careful with the words I say...

Btw, once again have a nice weekend and keep smiling.
NIH
Dog + Smile = Beautiful Day
  • #2,719
  • Jun 9, 2019 1:59am Jun 9, 2019 1:59am
Quoting robots4me
IRUTM TMA Reversal Trading System (Part 6 of 6) Actually, I have nothing more to add at this point. When I began this series of posts about the new indicator I wasn't sure how many I would write -- I picked '6' out of a hat. Since I am a man of my word then this post completes number '6' in the series. So -- how come no one has yet asked me what "IRUTM" stands for? Not a very curious bunch, are you?
Thank you @robots4me for these wonderful indicators. I am not a coder myself, but I often employ developers to code my ideas into indicators, so I know how many hours go into developing and how much it would cost to have developed these array of indicators. So, once again thank you for sharing this with the community.


Quoting Nih98
Hi Bro @Robots4me/Steve, just little suggestion that maybe could help to 'see' better. If you want to 'specialized' in TF M15 this is how I use TMA bands/for FX RSI and also your ADR Histogram (I use it as daily volatility measurement tool beside BB). GBP/JPY M15 {image} my TMA Band Setting {image} for FX-RSI+MAs, MM-ADRIndi, MM-ADRHistIndi+MAs Setting {image} Have a nice weekend and keep smiling NIH
Thank you @Nih98 for sharing the settings and taking the time post screenshots... please continue to educate us further.
  • #2,720
  • Jun 9, 2019 2:01am Jun 9, 2019 2:01am
Possible way to trade reversals and or pullbacks

1) Use H4 chart to see if the market is Ranging or Trending (screenshot shows PA moving upwards not breaking below dotted Mean Line)
2) M15 look for pullbacks into the White Lines)
3) Extra filter would be MACD divergence.
4) Wait for candle to close above White Line in direction of the Mean

TP would be based on your own R:R Management.

If H4 chart shows the market is Ranging (no real Trend) PA crossing the Mean from both directions many times, then it is more likely that you could take reversal trades in both directions based on using both Red & White Lines shown on the Indicator, but if there is a clear Trend then it is best just to Trade pullbacks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: H4.JPG Size: 378 KB
Click to Enlarge Name: M15.JPG Size: 327 KB
Some people say I'm lucky, but the more I practice the luckier I get
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