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GMMA-Short.ex4
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GMMA-Short.mq4
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Money management: Capital needed per 0.07 USD per microlot 0 replies
The Volume Detective 411 replies
Disliked.....you show me a chart over a 1 week period that is not doing this and I will show you a TF where even in a Ranging market PA is still making higher highs and lower lows. You have never been able to do it because you have not studied how PA is moving on every TF, you will have built your strategy/EA on just one TF and that does not work. ----------- Robot Trader This is a good post on the other thread. Study it carefully on your charts to properly understand the true fractal nature of market structure. There are plenty of trading opportunities...Ignored
QuoteDislikedOne way to muster unbounded reversal points is by the use of George's target method as price enters TMA pressure zone.
QuoteDislikedAnother approach is the use of momentum strategy.
QuoteDislikedproverbial "catch the falling knife" or "waterfall" reversal points
DislikedHi R4M, Just thought I would add a bit more Text to my earlier chart regarding filters that could be used within your indicator. Day traders are looking for S&R for quick in/out trades, so I marked up the chart showing this. I think a good filter would be for the indicator to count short term Tops/Bottoms (it does not need to go back many weeks) The Text on my chart explains how this type of filter could work, but you are looking for at least two Tops/Bottoms to establish there will be a Stop Hunt. Regards RT {image}Ignored
DislikedHi R4M, Just thought I would add a bit more Text to my earlier chart regarding filters that could be used within your indicator. Day traders are looking for S&R for quick in/out trades, so I marked up the chart showing this. I think a good filter would be for the indicator to count short term Tops/Bottoms (it does not need to go back many weeks) The Text on my chart explains how this type of filter could work, but you are looking for at least two Tops/Bottoms to establish there will be a Stop Hunt. Regards RT {image}Ignored
Disliked{quote} I'm also very interested in this concept of fake S&R's. Not sure if you are able to code this into an indi but pretty sure it would give great results. Yet another filter that could be applied.Ignored
DislikedHi R4M, Just thought I would add a bit more Text to my earlier chart regarding filters that could be used within your indicator. Day traders are looking for S&R for quick in/out trades, so I marked up the chart showing this. I think a good filter would be for the indicator to count short term Tops/Bottoms (it does not need to go back many weeks) The Text on my chart explains how this type of filter could work, but you are looking for at least two Tops/Bottoms to establish there will be a Stop Hunt. Regards RT {image}Ignored
Disliked{quote} @Robot Trader -- thanks for the charts and explanations. Awhile back I learned from @George that prices are manipulated and there is some master algorithm at work in the background gobbling-up stop losses to increase liquidity. I get that. And it is interesting to weave a narrative as to why a spike occurred here or there. But let me ask you this -- if all I care about is trading, then why do I care about the narrative? At this point all I want to do is algorithmically detect spikes, distinguish between true and false signals, and open a...Ignored
Disliked{quote} Hi R4M, 3 Strikes and you'r out, is the old saying, so on the Chart the third move down is the SL's are out. We do not want to trade every Spike, we want the pressure to build up we are looking for reasons why the MM's will want to move the Market Higher or Lower, we are looking for that EDGE. Regards RTIgnored
Disliked{quote} Hi R4M, 3 Strikes and you'r out, is the old saying, so on the Chart the third move down is the SL's are out. We do not want to trade every Spike, we want the pressure to build up we are looking for reasons why the MM's will want to move the Market Higher or Lower, we are looking for that EDGE. Regards RTIgnored
Disliked{quote} @Robot Trader -- Yes, we do not want to trade every Spike. And that's where filters come in -- to distinguish between true spikes (i.e. true signals) and false positives (spikes we don't want to trade). Doesn't @Nih98's momentum filter count for something? Look it -- no doubt an experienced trader using discretionary trading will trump an indicator / EA any day. But the noble goal here is to get you out of that chair so you don't have to continuously watch the screen. That's what a rules-based indicator / EA can provide. But like everything...Ignored
Disliked{quote} Hi R4M, OK from a Lazy trader prospective we can only really test how good the indicator and it's filters are through the use of an EA. Otherwise we are back in our chairs again (or running back to the PC following an Alert) watching the indicator. Regards RTIgnored
QuoteDislikedOtherwise we are back in our chairs again (or running back to the PC following an Alert) watching the indicator.
DislikedHello @robots4me, I've been silently reading your thread lately, and man, let me tell you that I really admire and respect all your efforts/dedication, transparency and code of conduct. You are surely doing something that almost nobody here is capable of, in a very complete, correct and selfless way. So fist of all, thank you very much for openly sharing your work with the world, and without any absurd "hidden clues" or big EGO behind. Hats off to you, sir! Sincerely, ViktoryIgnored
Disliked{quote} Keeping with the spirit of @parisboy's preference for simplistic tools for lazy traders, I've attached the Guppy Multiple Moving Average (GMMA) indicator. You can see how the MA crossings frequently precede a spike. Not every crossing leads to spike, but they occur "more often than not". And when a pattern occurs "more often than not", then there may be an edge to be had. {image} {file} {file}Ignored
DislikedHey guys, {quote} @parisboy, If I correctly understood, do you use previous MA crosses to evaluate-confirm possible targets and tops/bottoms? This is new to me... So how often are them accurate enough to be significant? {quote} @robots4me, ... Because otherwise, any MA cross may look great in hindsight, but when they are moving along price in real-time of course it's a complete different story, and can easily change from converging to diverging until the corresponding price move has already developed, hence being too late to properly trade. ---...Ignored
QuoteDislikedbut when they are moving along price in real-time of course it's a complete different story
Disliked{quote} {quote} @Viktory -- MA crosses do not repaint or move along with price. The closed bar at which they first appear to cross is the bar at which they cross.Ignored
Disliked{quote} @robots4me -- I mean when the current bar is still open and moving. With a very simple EA you can verify the inefficiency of MA crosses as mostly inaccurate signals.Ignored
DislikedIf I correctly understood, do you use previous MA crosses to evaluate-confirm possible targets and tops/bottoms? This is new to me... So how often are them accurate enough to be significant?Ignored