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

Yes -- the secret M1 TMA settings for the "TMA Pressure Zone" -- that isn't known or used (except, of course, by the non-existent inner-circle).

@skyway -- she's a she. And leave my dog out of it, otherwise they'll start demonizing her, as well.

I am going to start calling the other thread the CHEERS thread, I think the LYRICS are perfect.

Making your way in the TRADING world today
Takes everything you got
Taking a break from all your worries (lost pips)
It sure would help a lot
Wouldn't you like to get away?
Sometimes you want to go
Where everybody knows your name
And they're always glad you came
You want to be where you can see
The troubles are all the same
You want to be where everybody knows your name
You want to go where people know
The people are all the same
You want to go where everybody knows your name

https://www.youtube.com/watch?v=xYcX534JqG4

@Robot Trader -- you earned 10 thumbs up for that one. Used to be one of my favorite shows...

R4m, your thread should be renamed

"Journey of a rookie to a professional - the untold story"

A go to thread for wannabes and losers.

I've mentioned to my wife how much negative attention I've drawn simply due to the fact I want to create indicators that help people trade. And she asks why would people be angry about that? And for the longest time I was stumped -- I didn't have an answer. I thought people posted here at FF because (a) they wanted to learn to become better traders themselves, or (b) they had something to share to make others better traders.

And then after @Pumi's, @aaven's, @SunnyCoast's posts the other day and the defensive responses I received from others -- I realized it was something else that attracted them to @George. And your CHEERS post hit the nail on the head. It's about belonging to a cult or family where "everyone knows your name" and there is a master. Life is complicated. Life is difficult. And there are people who prefer belonging to a herd -- and, of course, their master constantly reminds them that they are not the herd but, rather it's the others. And the master constantly insults non-believers. This is Brainwashing 101.

In the real world there are people who have a propensity to join cults for the primary goal of "belonging". I didn't expect that here at FF, and that has thrown me for a loop. The other day when @Pumi wrote that my screen shot of overlapping M1 TMA and Envelope curves didn't mean they were the same -- I mean, the lines were super-imposable. How could that not be the same algebra? And he also wrote that they don't need the TMA. But then @George posts again about the importance of the TMA. I mean, there's no logic. I doesn't make any difference what the evidence is. All these people want is to belong. And even though this is just a forex forum, the fact I don't buy into @George's methodology is viewed as a threat to their family, rather than a disagreement on how I wish to trade.

It doesn't matter how many screen hours @George insists on. It doesn't matter the size of @George's filter check list. It doesn't matter that no one knows the M1 TMA settings. I doesn't matter no one (except the inner circle) can actually trade @George's methodology, it doesn't matter the constant insults for 6 months. All that matters is George knows your name.

Okay -- enough. Obviously it bothers me and I can't let it go completely. I can't say I've ever encountered this type of mentality before and I certainly didn't expect it here. But, you know, things have a funny way of working out. For me, it's highly motivating. There are few things more satisfying than being told you can't do something and then proving them wrong. So, my next post will be about updated and improved indicators for trading reversals.

@skyway -- I'm not sure how to take that since I'm all three -- a rookie, wannabe and loser. My only redeeming qualities are:
1. I have a big chip on my shoulder
2. I can code

EDIT: I forgot, there's a third:
3. I used to be very good-looking, until I got old, bald and fat -- not necessarily in that order...

That's perfect. Your thread documents your journey that other traders who read this long thread can learn from. Sort of your legacy on FF.

And I agree 100% your advice you posted earlier to learn to code.

Edit - fat, bald then old, that's the correct order

Nothing new under the sun.

In stone age when thunder strike they attribute it to thunder god. Smart alec with sharp mind saw opportunity to gain power/influence/wealth hatched all kind of rituals to bewitch these ignorant. Till this day and age they are still many ignorant following these rituals. Many Jim Jone out there and many willing followers.

Back to objective:

I want your latest, newest, more powerful money churning indicator by today.

Oh wait a minute -
This too is another form of indicator cult movement but I'm most willing to follow.

https://www.youtube.com/watch?v=OOgd9hitEAE

fat, bald and old, 3 best quality level of happiness
NIH

We follow because we are money no enough MM ma

tell me that is singlish

R4M Momentum Filter (R4M-MomentumFilter.ex4)

This evening I'm uploading a couple new indicators -- RFM-MomentumFilter.ex4 and R4M-SpikeHunderIndi.ex4. The new indicators are bundled in a *.zip file in the other thread "Custom Indicators for TMA-ADR Reversal Trading and BBMA" (https://www.forexfactory.com/showthread.php?p=12339913#post12339913).

A couple of general comments:
1. I've renamed all the indicators to use the "R4M-" prefix. Originally the thread was about indicators to help trade the MM (Market Maker) manipulation. But I've moved on from that and I also wish to further distance myself from @George -- which is sort of difficult to do since he names everything after himself.
2. You can no longer rename the indicators. At this point the indicators are not so valuable and I don't care if someone else were to claim them as theirs -- but down the road that may change. Also, MT4 provides a facility for indicators to access one another's data -- but in order to do that the names can't be changed.

######################################################

The R4M-MomentumFilter.ex4 indicator is a "standalone" version of the filter algorithm used by the RFM-SpikeHunterIndi indicator. Of course, you can attach it to any chart and it may complement other indicators you are using. I emphasize the word "filter" because that is how it is used within Spike Hunter -- to distinguish between true signals and false positives.



The R4M-MomentumFilter.ex4 actually combines two types of momentum indicators -- @Nih98's FX RSI momentum indicator and a Stochastics momentum indicator shared by @Hanover a few years back.

The indicator is easy to use -- a purple dot means bearish momentum and a blue dot means bullish momentum.

When trading reversals the trading window is small -- i.e. you don't have the luxury of using several bars to get the direction right. The momentum indicator needs to give you its answer now. So, just as in real life everything is a trade off so, too, with trading. In this case I've designed the indicator to give a quick response, but the cost will be in accuracy. I think it performs well and exhibits a nice compromise between quick response and accuracy. But please keep your expectations in check -- it is not going to be 100% correct.

Behold, my MASTER has announced 2 indicators falling from the sky this evening ( oh well depend which part of the world you are in).
All sacred followers please pay homage and wait at the foothill where money churning indicators will fall from the sky.

after reading the other none herd thread i was amazed by the lack of the 5% on it ,it seems the none herd have gone walkabout to find the holy grail and bum patting and kissie kissie hugging and telling each other how good they are trying to get into the top echelon of the 95% , kissie kissie nug nug wink wink saynomore

R4M SpikeHunter Indicator (R4M-SpikeHunterIndi.ex4)

R4M-SpikeHunterIndi.ex4 is a new reversal "trading" indicator and replaces R4M-IRUTM-TradingIndi.ex4. R4M-IRUTM-TradingIndi.ex4 is still bundled in the *.zip file, but I will no longer be working on it. Going forward the emphasis will be on R4M-SpikeHunterIndi.ex4 and, if that goes well, then on to an EA. The indicator is bundled in a *.zip file in the other thread "Custom Indicators for TMA-ADR Reversal Trading and BBMA" (https://www.forexfactory.com/showthread.php?p=12339913#post12339913).



I consider SpikeHunter a reversal "trading" indicator -- i.e. it generates candidate signals, filters them, and displays marks on a price chart where it recommends opening BUY and SELL trades. I think the indicator is easy to use, but I'll run through some of its features.

Signal Generation:
When reversal trading we trade away from a target. In this case the target is an extreme price above or below an envelope band. A candidate signal occurs when a spike pokes its head above or below a target band. I'm using the term envelope very loosely -- in fact, Spike Hunter implements 4 different types of envelopes you can experiment with -- M1 TMA, Keltner-ATR, @SwingMan's Lazy TMA bands, and ATR Envelope.

Filter:
As with any signal-generating indicator there will be a mix of true signals and false positives, so we need an algorithm to distinguish between the two possibilities -- this is the role of a filter. Momentum indicators can play an important role here and I've combined two -- @Nih98's FX RSI indicator and a Stochastics momentum indicator. The momentum indicators are used to identify a bullish or bearish move.

If a candidate signal survives both momentum filters -- i.e. a spike above a band displays a bearish move or a spike below a band displays a bullish move, then we consider it a true signal. A purple dot is a signal to SELL and a blue dot is a signal to BUY.

When trading reversals the trading window is small -- i.e. you don't have the luxury of using several bars to get the direction right. The momentum indicator needs to give you its answer now. So, just as in real life everything is a trade off so, too, with trading. In this case I've designed the indicator to give a quick response, but the cost will be in accuracy. I think it performs well and exhibits a nice compromise between quick response and accuracy.

Sweet Spots:
@Nih98 was very generous in allowing me to incorporate his "Sweet Spot" indicator and code into Spike Hunter. The Sweet Spot indicator calculates "round numbers" which often become targets. A picture is worth a thousand words -- I'll let you be the judge. For now I'm using the Sweet Spot indicator as a visual cue -- it is not being used for computational purposes.



Nonlag MA Midline:
Another visual cue that is fairly accurate. It does not repaint, but lags by one or two bars.


Additional Notes:

1. If you experiment with the different envelopes you will probably discover that @Swingman's Lazy TMA bands work the best. However, it repaints and I feel that in its present form can't be reliably used for trading. With the help of @Husky77 and others perhaps we can still figure a way to take advantage of it.

2. There are going to be false positives. These usually take the form of a "spike" that does not retrace but, rather, continues in the same direction. There are 3 ways to deal with this situation:
(a) chalk it up as a loss
(b) figure out yet another way to filter and remove it as a candidate
(c) figure out a way to identify non-reversing spikes and, in those particular cases, trade in the same direction. I like this possibility the best.

3. As you experiment I would appreciate receiving screen shots where the indicator does the wrong thing. This would be really helpful. If people can reproduce it doing the wrong thing then we might be able to find a way to remedy it -- and I would include the remedy in the next version of the indicator.

4. This version does not yet implement it, but I was thinking of a way to quantify the indicator's performance -- i.e. come up with a metric that could be used to compare performance of different envelope types, pairs, time frames, etc. The metric would be simple -- something like this: Let's say a BUY signal has been identified with a blue dot. The indicator would then place small horizontal lines 5 pips above and 5 pips below. If the 5-pip line above gets touched first then it's a win, or if the 5-pip line below gets touched first then its a loss. And then we compute the ratio of wins to losses and have our metric. It's crude, but when comparing the performance of different algorithms then it's useful to have some kind of metric other than "this one looks better".

I have seen some George trades. I have seen moodybot trades. I have seen Zoltan trades. All their trades show similar characteristics.

Bluesteele posted he will be active soon. If he post his [historical] trades I will evaluate them. If he post the same bs speech then waste time with his ego 'maisterbation'.
https://www.forexfactory.com/showthread.php?p=12341070#post12341070

Looks like you are all doing a great job , TEAM WORK, trying to get this system right.

This photo is for the IGNORANT, SELF PROCLAIMED MASTER OF NOTHING on the other camp LOL

Pipfarm, you beat me to it.

GU trade call also went into drawdown for the most part of yesterday.
https://www.forexfactory.com/showthread.php?p=12337190#post12337190

Last 2 trade calls failed to demonstrate the claimed precision. That's the point.

I am not knocking moodybot the trader. He deserves my fullest respect to post live calls. Big huge
Moodybot has zero obligation to post live trade calls.

Whereas Master George and Master Bluesteele have this obligation to back up their verbal diarrhoea, the champion forex trader on the planet.