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The Volume Detective 411 replies

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  • #2,781
  • Jun 9, 2019 4:40pm Jun 9, 2019 4:40pm
Quoting Scott2locky
{quote} Quite the opposite my friend. I was trying to point out that the 1m TMA may be the perfect starting point to alert for a possible entry, but rather than getting caught up in the "noise" of the 1m for the exact entry price waiting for the 15m for confirmation. Of course this is based on the assumption that entries will be discretionary and not entirely automated. I do understand that you don't want the thread to go 100 different directions, so I will stay on the sidelines until things have solidified a little as far as entry rules.
@Scott2locky -- My apologies -- I misunderstood your previous post. I hope you do NOT stay on the sidelines. Your comments include the types of insights that I'm missing.

Since @George et al put such a high emphasis on their secret M1 TMA then I'm inclined to go along that it is more than just an alert. Furthermore, if we were trend following then perhaps it's not a big deal to wait another bar or two. But since we are expecting a reversal that could be quite dramatic, then every bar counts. If we wait for the next M15 bar then we could miss a big chunk of the reverse.

Just as in real-life, everything comes down to trade-offs. If we use M1 TMA for Entries then there is a higher risk of false positives. And if we use M15 TMA for Entries then we miss a big chunk of the reverse. Maybe everything comes out in the wash using either one -- I don't know.

Or, maybe, some clever person here will notice that under certain conditions it's best to use M1 TMA for Entries, whereas under other conditions it's best to use M15 TMA. It's not carved in stone that they are mutually exclusive, right?
  • #2,782
  • Jun 9, 2019 5:41pm Jun 9, 2019 5:41pm
Quoting YoungET
{quote} Yes I suppose Fraction ADR is the same yes, so that it gives an alert just before reaching an ADR extreme for that day. Do not waste any time if it has no benefit as there are other longer winded ways for me to get the same result. It's just so I can draw out my setups before price has fully reached the ADR that way I don't miss out in the event price touches and rejects within a candle or two.
Could it be a percentage of the range rather than a pip value, would that work better for each pair?
Some people say I'm lucky, but the more I practice the luckier I get
  • #2,783
  • Jun 9, 2019 5:49pm Jun 9, 2019 5:49pm
Quoting OAPDave
Steve On your own admission you are a novice trader, but a very good coder, for reasons only you know you ventured down the route of the dark-side of trading and perhaps the attraction might have been that your skill of being a coder would be welcomed with open arms, but sadly not. You picked up snippets of information from the dark-side and ploughed a lone furrow openly expressing your thought's and making helpful indicators, but you started to be attacked just in case you managed to break the secret code of the dark-side and release it to all...
Hey @OAPDave -- are you kidding? You're preaching to the choir. Haven't you noticed that after being rescued from the dark side the thread's direction is intended to use @Nih98's system as a baseline and then explore ways to improve and enhance. Just because the most recent indicator uses M1 TMA doesn't mean I'm not paying attention to @Nih98. Also, haven't you noticed he recently posted charts that used ADR?

Thanks for your comment but you are injecting discord where no discord currently exists.
  • #2,784
  • Jun 9, 2019 5:51pm Jun 9, 2019 5:51pm
Quoting YoungET
{quote} There's only ONE indicator I've come across that is anywhere near as good as the human eye and that is https://www.mql5.com/en/code/22218 But even then you need to know the correct ratios so you can check to make sure they're correct. All in all I completely understand, no use jumping from system to system, at the end of the day whatever methods we use as long as it points us all to enter the same direction in the same region the rest is nor here nor there. If anything I feel you could completely remove the harmonic part from...
I am sure I have an old harmonic indicator that draws most patterns and also allows you to enter custom values, but it might be on one of my old PC's in the shed, I will see if I have any on my PC's in the house, but they probably won't have custom values.

I traded them for a while using my old friend Divergence and got some good results, mainly because the R:R on some patterns can be 10:1
Some people say I'm lucky, but the more I practice the luckier I get
  • #2,785
  • Jun 9, 2019 6:09pm Jun 9, 2019 6:09pm
Quoting OAPDave
{quote} Steve Yes I noticed, that's why I posted, just get a bit miffed as he posts here and not so much on his own thread and after you told me off about when I post 2 charts together, how much trouble it is to scroll to the next post, just think how much crap I have to scroll though with the bickering, looking for thoughtful interesting posts Dave
Quote
just think how much crap I have to scroll though with the bickering, looking for thoughtful interesting posts
@OAPDave -- I'm with you on that. But I rarely if ever initiate the crap. Check @George's thread -- 90% of it is concerned with insulting and belittling me and anyone who would even consider using a useless indicator . Since I am banned from posting on @George's thread, then I sometimes respond here. Is that such a crime? You'd think their time would be better spent helping their readers and not so focused on me.

The problem with your previous posts was they included random charts with @Nih98's indicators and no explanation as to why you posted them. I spend time reading posts, zooming charts, and trying to figure what the point is. But yours had no point -- just pretty charts.

I am well aware of @Nih98's contributions and greatly appreciate his support and humor -- he has been doing it for nearly two months. I think you may be new to this thread and assume it started the moment you arrived.
  • #2,786
  • Jun 9, 2019 6:19pm Jun 9, 2019 6:19pm
Quoting Robot Trader
{quote} I am sure I have an old harmonic indicator that draws most patterns and also allows you to enter custom values, but it might be on one of my old PC's in the shed, I will see if I have any on my PC's in the house, but they probably won't have custom values. I traded them for a while using my old friend Divergence and got some good results, mainly because the R:R on some patterns can be 10:1
I draw mine manually, never was a fan of harmonic indicators they always left too much room for the ratios to be incorrect
  • #2,787
  • Jun 9, 2019 6:29pm Jun 9, 2019 6:29pm
I've updated the IRUTM indicator to include @Nih98's FX RSI indicator. The updated indicator is bundled in a *.zip file located at the other thread "Custom Indicators for TMA-ADR Reversal Trading and BBMA". Here's a link:
https://www.forexfactory.com/showthread.php?t=920925

Attached Image (click to enlarge)
Click to Enlarge Name: IRUTM-FXRSI.png Size: 52 KB


In the screen shot above you can see @Nih98's FX RSI indicator overlayed on the price chart. It can be toggled ON / OFF using the button in the lower-right corner. It is intended to be used to monitor momentum and is useful for confirming a reversal.

The subwindow displays @Nih98's indicator when using his template. My purpose in displaying it is to show the version of the indicator that I built into the IRUTM indicator is identical to original version in his template.

@Nih98 -- if I've erred in my description please feel free to offer any clarifications or corrections. I think the FX RSI indicator compliments the M1 TMA signal and can be used to filter-out false positives.
  • #2,788
  • Jun 9, 2019 6:43pm Jun 9, 2019 6:43pm
Quoting YoungET
{quote} I draw mine manually, never was a fan of harmonic indicators they always left too much room for the ratios to be incorrect
I understand why you prefer to draw them manually, but an indicator that finds them automatically makes life much easier and while they might not be perfect if the R:R is good and there are other filters that also give conformation to pull the trigger then that works for me.

Also if you have an indicator that finds them based on set parameters, that might not be perfect ratios, then once you have been alerted to the pattern you have the opportunity to check it with your correct ratios, my point is you do not have to sit in front of your PC for the full trading session drawing lines because you might miss a pattern.

One last point regarding Harmonic trading there are two ways to trade them, 1) You trade the formed pattern. 2) You trade the last leg of a forming pattern, so now you are using the forming pattern to predict where PA will be in the future.
Some people say I'm lucky, but the more I practice the luckier I get
  • #2,789
  • Jun 9, 2019 6:48pm Jun 9, 2019 6:48pm
Quoting Nih98
{quote} {image} So, if both positions give potential profit, then that yellow mid line could consider as 'fair value' of the day, and do you notice that when price touched ADR Lines, and can't break it then price will almost turning back to the 'fair value' lines. Mostly this will work best on 'adjuster pairs' , for example, the Atlantic adjuster pairs EUR/GBP, EUR/CHF, GBP/CHF this is European/Atlantic crosser (in relation with USD regional connection). in opposite with Asian/Pacific crosser like AUD/NZD, AUD/JPY, NZD/JPY. Wanna go deeper about...
Like this idea, which indicator is this of the mid line and the box? Regards
  • #2,790
  • Jun 9, 2019 7:28pm Jun 9, 2019 7:28pm
Hi Steve,
I've given up on tracking your thread because there are too many private postings that do not interest me at all.
Many thanks to @Nih98 for the TMA indicator which I would like to post here a version with small changes.
I am a lazy trader and have only programmed a few useless indicators. With the two indicators on the chart, I think on can trade very simple, and I'll probably be posting the idea in the near future.
My problem, however, is the assertion of a very valued expert:
Quote
ANYONE CAN BUILD AN EA ,,,, BUT ,,,,
NOT EVERYONE KNOWS HOW TO TRADE ,,,,,
Because I'm part to an external circle, may I program and post an TMA-EA without knowing how to trade? (Anyhow in a separate thread).
I have seen so far that there are at least four TMA-EAs and all are secret. But now I'm sure that the programmers know exactly how to trade, even if I did not see any results.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 51 KB
Attached File(s)
File Type: mq4 smLazyTMA Bands_v1.mq4   8 KB | 438 downloads
  • #2,791
  • Jun 9, 2019 8:16pm Jun 9, 2019 8:16pm
Quoting SwingMan
Hi Steve, I've given up on tracking your thread because there are too many private postings that do not interest me at all. Many thanks to @Nih98 for the TMA indicator which I would like to post here a version with small changes. I am a lazy trader and have only programmed a few useless indicators. With the two indicators on the chart, I think on can trade very simple, and I'll probably be posting the idea in the near future. My problem, however, is the assertion of a very valued expert: {quote} Because I'm part to an external circle, may I program...
@SwingMan -- you are too much.

Please proceed full-steam ahead!!
  • #2,792
  • Jun 9, 2019 8:25pm Jun 9, 2019 8:25pm
Quoting Beren
{quote} Like this idea, which indicator is this of the mid line and the box? Regards
That my mod version of Classic BreakOut Indi PancaEagle
here we go
Attached File(s)
File Type: mq4 ! NIH98 mod BO PancaEagleIndi.mq4   9 KB | 782 downloads


hope it help and enjoy
NIH
PS. don't ask anything about 'her' here in this thread, ask in my Journal Thread. Thank You.
Dog + Smile = Beautiful Day
  • #2,793
  • Jun 9, 2019 8:39pm Jun 9, 2019 8:39pm
Quoting skyway
r4m, with all due respect sir, pls do not criticise another traders trade no matter if they be good or bad. It takes a lot of courage to post live trades on forum real time. I respect that. You have your IRUTM way of trading which is good. I encourage you to focus on your efforts (which is fantastic) without the need to make any comparison to the other thread. They have their own path to take, you have yours. It is time that both threads go separate ways. And it will be to your credit that you take this first step to move away from the other, make...
@skyway -- you are great. And I couldn't help but chuckle when I read this from you. Within the past two weeks it's almost like you've become me and I've become you.

I'm still running on adrenaline -- and considering all the BS they continue to hurl this way then I get a vicarious thrill out of dishing a little bit back. They know how to push my buttons and I know how to push theirs.

And you are 100% correct. I will try my best to refrain.

I'll begin right now...

@George, @moodybot, @bluesteele -- who are they? Never heard of them...
  • #2,794
  • Jun 9, 2019 9:06pm Jun 9, 2019 9:06pm
Quoting robots4me
{quote}{quote}...
{quote} I'm not following you on this. Are you suggesting I stole something, improved it, and then resold it?[/quote]

No not at all, I have no idea how you came to be a man of so many different talents, an would never suggest you stole anything--your just an exception to the rule I guess.
you misread the post--Go n look at it again----I said if I---that's ME stole your company's business, codes, secrets, made significant improvements to it then sold it to whoever i could get to buy it would your business cease to exist, then try and blame me for it's demise.

Your thread here is divulging information that your competitors would like to have.

Here is a dumb question for you--why would all major banks go to the trouble, and significant costs to run their own FX Dealing desks.

You should know by now they have Bigger knackers than you, and a 7 pound hammer near the anvil to hit you left knacker whenever they want.

Because they can make money from doing it---here you go providing your competitors with the information to rip you off.

I can take money off you because I have a sharper edge. Would I share that edge with you, not in a lifetime of Sundays.

Why the hell you insist on discussing all of the tools to make you a better trader when it all goes to shiiit because someone made a better tool from all of your shiiiiit.

You are a bloo---y fool to discuss ways to beat another set of traders---cos they will become smarter than you and your team.

Dumb Money goes into Smart moneys pockets, n you are showing everyone where your dumb money is.

So I gonna give you a Muhammed Ali, King hit fair on the jaw----fools and their money are soon parted.

Foolish people do FOOLISH things.

10,9,8,7,-----0!!!! Your OUT----n so am I
  • #2,795
  • Jun 9, 2019 10:01pm Jun 9, 2019 10:01pm
I only add Source Code for Harmonic Indicator prior to build 600 so could not compile the indicator

I did some digging and found this version on FF that shows the Classic patterns Zup_v135_ALL

I have placed it on the chart with MM-IRUTM-TradingIndi and you can see on the M15 there was a Bearish Butterfly pattern with the PRZ (Price Reversal Zone) within the 2 Red upper bands of the MM-IRUTM-TradingIndi. So the Harmonic pattern on this occasion did give extra confirmation and the PRZ provides a Zone where trades can be entered, above this Zone is where you would place your SL
Attached Image (click to enlarge)
Click to Enlarge Name: Bearish Butterfly.JPG Size: 389 KB
Attached File(s)
File Type: ex4 ZUP_v135_ALL.ex4   247 KB | 333 downloads
Some people say I'm lucky, but the more I practice the luckier I get
  • #2,796
  • Jun 9, 2019 10:02pm Jun 9, 2019 10:02pm
Quoting skyway
{quote} No not at all, you misread the post--Go n look at it again----I said if I---that's ME stole your company's business, codes, secrets, made significant improvements to it then sold it to whoever i could get to buy it would your business cease to exist, then try and blame me for it's demise. Your thread here is divulging information that your competitors would like to have. Here is a dumb question for you--why would all major banks go to the trouble, and significant costs to run their own FX Dealing desks. You should know by now they have Bigger...
May I ask of you to post on here the word document you mentioned. I will like to read it. Thank you sir.[/quote]

Have a look at the advertisements around FF. How does FF make money and who really controls it. FF is another tool to bring the herd in and control herd mentality.
  • #2,797
  • Jun 9, 2019 10:09pm Jun 9, 2019 10:09pm
Quoting btrfx1
{quote} {quote} I'm not following you on this. Are you suggesting I stole something, improved it, and then resold it?
No not at all, I have no idea how you came to be a man of so many different talents, an would never suggest you stole anything--your just an exception to the rule I guess. you misread the post--Go n look at it again----I said if I---that's ME stole your company's business, codes, secrets, made significant improvements to it then sold it to whoever i could get to buy it would your business cease to exist, then try and blame me for it's demise. Your thread here is divulging information that your competitors would like to have. Here is a dumb question for you--why would all major banks go to the trouble, and significant costs to run their own FX Dealing desks. You should know by now they have Bigger knackers than you, and a 7 pound hammer near the anvil to hit you left knacker whenever they want. Because they can make money from doing it---here you go providing your competitors with the information to rip you off. I can take money off you because I have a sharper edge. Would I share that edge with you, not in a lifetime of Sundays. Why the hell you insist on discussing all of the tools to make you a better trader when it all goes to shiiit because someone made a better tool from all of your shiiiiit. You are a bloo---y fool to discuss ways to beat another set of traders---cos they will become smarter than you and your team. Dumb Money goes into Smart moneys pockets, n you are showing everyone where your dumb money is. So I gonna give you a Muhammed Ali, King hit fair on the jaw----fools and their money are soon parted. Foolish people do FOOLISH things. 10,9,8,7,-----0!!!! Your OUT----n so am I[/quote]

@btrfx1 -- still not following you.

Let me focus on a few of your statements...

Quote
Your thread here is divulging information that your competitors would like to have.
No way. Not only do I have no information of value, I have no competitors here. There is another thread, but we have competing ideas. Not only is this NOT a business for me, I have gained 1000x more than what I have given. If anything, you could accuse me of being a thief for accumulating all this information, experience, tools (e.g. from @Nih98 and @Swingman) and attention from the people who have shared here. I keep muddling along because I feel indebted to FF.

Quote
here you go providing your competitors with the information to rip you off.
Nope. Imitation is the highest form of a compliment. If someone wants to take something from here, polish it and resell it -- then more power to them. Perhaps it's because I've done bigger and better things that I'm not concerned with being taken advantage of here.

Quote
I can take money off you because I have a sharper edge. Would I share that edge with you, not in a lifetime of Sundays.
We're different. I've worked and learned from some of the finest people who gave everything and requested nothing in return. I've been blessed with a healthy family, beautiful, successful, happy and well-adjusted children. I wouldn't trade that for anything. In fact, in view of all I've been given I feel G-d would consider me a waste if I didn't find ways to give back.

@btrfx1 -- I wrote to you before. Time is not on our side. When the moment comes and you have that last 30 seconds to reflect back on your life, do you want your last thoughts to be about what you could'a, should'a done? I don't know how things will end. But I want to go out knowing that I did what I felt was right at the time.
  • #2,798
  • Jun 9, 2019 10:19pm Jun 9, 2019 10:19pm
Quoting Robot Trader
I only add Source Code for Harmonic Indicator prior to build 600 so could not compile the indicator I did some digging and found this version on FF that shows the Classic patterns Zup_v135_ALL I have placed it on the chart with MM-IRUTM-TradingIndi and you can see on the M15 there was a Bearish Butterfly pattern with the PRZ (Price Reversal Zone) within the 2 Red upper bands of the MM-IRUTM-TradingIndi. So the Harmonic pattern on this occasion did give extra confirmation and the PRZ provides a Zone where trades can be entered, above this Zone is...
@Robot Trader -- I just now tested it in MT4's Strategy Tester -- it's similar to a ZigZag indicator and horribly repaints.

Now -- repainting is not necessarily bad if the trading strategy is aware of it and takes that into consideration. For us, repainting is a deal-breaker because we are trading reversals and can't wait another 20 bars to decide if we should have taken a trade.

But it is interesting to note that in hindsight it does match up with the signals that IRUTM generates. Which is great news, right? Your Harmonic indicator provides further confirmation that the basic building blocks are valid.
  • #2,799
  • Jun 9, 2019 10:32pm Jun 9, 2019 10:32pm
Quoting robots4me
{quote} @Robot Trader -- I just now tested it in MT4's Strategy Tester -- it's similar to a ZigZag indicator and horribly repaints. Now -- repainting is not necessarily bad if the trading strategy is aware of it and takes that into consideration. For us, repainting is a deal-breaker because we are trading reversals and can't wait another 20 bars to decide if we should have taken a trade. But it is interesting to note that in hindsight it does match up with the signals that IRUTM generates. Which is great news, right? Your Harmonic indicator provides...
Hi R4M,

I am not sure if it repaints or the pattern disappears because the ratios that formed the pattern are no longer valid.

Here is a live screenshot of a pattern with the last leg of the pattern still in the PRZ box, so this means the pattern is still valid, so the pattern may disappear if the ratios are no longer valid.

Lets see what happens, I am short this pair, so the pattern could also give confirmation to look at getting out of a trade.

Regards

RT
Attached Image (click to enlarge)
Click to Enlarge Name: Bullish TOTAL.JPG Size: 449 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #2,800
  • Jun 9, 2019 10:53pm Jun 9, 2019 10:53pm
Quoting Robot Trader
{quote} Hi R4M, I am not sure if it repaints or the pattern disappears because the ratios that formed the pattern are no longer valid. Here is a live screenshot of a pattern with the last leg of the pattern still in the PRZ box, so this means the pattern is still valid, so the pattern may disappear if the ratios are no longer valid. Lets see what happens, I am short this pair, so the pattern could also give confirmation to look at getting out of a trade. Regards RT {image}
The problem with ZUP is not only that it repaints is that it also skews the ratios. So the first example the butterfly showed a 0.85 for the XA measurement, a butterfly is a 0.786. It could technically be classed as a crab which is an 0.886 but then the other measurements would have to align and they're two different patterns. That's why 9 times out of 10 with that indicator the pattern fails or disappears, the drawdowns can become horrendous.
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