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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

Talking about revolution, sorry enveloppes, hereunder a faster way to draw it maybe:
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File Type: tpl envelope.tpl   13 KB | 159 downloads

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File Type: mq4 ExtremeTMA info 040.mq4   29 KB | 184 downloads

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File Type: ex4 FastTMALine.ex4   11 KB | 156 downloads
Quoting robots4me
{quote} @RickM -- okay, I believe you. My apologies to Nikl. The problem is there are pseudobots being used. We both know how Andy and Kevin operate -- you've been around here much longer than me. I thought @TimeTells made a nice gesture and I agreed -- and I paid the price. One hour later the predators were at it again. They created a new thread devoted solely to mocking me and this thread. So -- I assume the worst from them. Bad actors never change -- it's in their DNA. Over the past month I've grown accustom to it and now the drama suits me....
Hi Robots4me
Apology accepted! I am a real person as RickM has verified. Rick has been kind enough to show a few of us his trading ideas/strategies which incorporate some of George's methodologies. I learn a lot from Moodybot's and George's setups that they post hence the multiple thumbs up.
Cheers
Nikl
Quoting Nikl
{quote} Hi Robots4me Apology accepted! I am a real person as RickM has verified. Rick has been kind enough to show a few of us his trading ideas/strategies which incorporate some of George's methodologies. I learn a lot from Moodybot's and George's setups that they post hence the multiple thumbs up. Cheers Nikl
@Nikl -- you are too gracious. I'm glad you are having success with @George's setups.
Quoting rosalieone
Talking about revolution, sorry enveloppes, hereunder a faster way to draw it maybe: {image} {file} {file} {file}
@rosalieone -- thanks -- I'll give it a try.

The spike detection looks too perfect -- I bet it's a repainter. Have you checked that out yet?
Quoting robots4me
{quote} @rosalieone -- thanks -- I'll give it a try. The spike detection looks too perfect -- I bet it's a repainter. Have you checked that out yet?
Not yet but since its a fastTma and not fastTmaTrue... i will have a look
Quoting rosalieone
Talking about revolution, sorry enveloppes, hereunder a faster way to draw it maybe: {image} {file} {file} {file}
It will repaint
Quoting robots4me
{quote} @LongBTC -- well, you know, it wouldn't be difficult to incorporate more than one type of signal generator. In other words, one type would be the current algorithm and a second type would use MMDetective. And there would be a setting so you could choose to use one or the other or both. When using the MMDetective type it would NOT apply the momentum filter and it would instead use a tight SL, is that correct? Also, we need a way to Exit and, so, using the current algorithm would be okay, right? A question about how you use MMDetective --...
Yes Steve, multiple signal generators can only produce better results in my eyes, as long as we don't filter out too many entries. For the entries I would indeed use a very tight SL, I am very much fascinated about raw price action and figuring out where the MM wants to take the price to for their own benefits and the MMdetective helps me a lot with visualizing where they want to go to. For exits, we could use momentum indicators but I'm sure we can do better in the long run. Let's first focus on very precise entries without much DD. I'm actually very sure we can eventually build a hedging solution for poor entries but that's something for later stages.

I'm looking for price extremes or spikes as you call them for price to reverse from so yes price is almost always outside the TMA 1m bands and I assume also out of the TMA centered one.

I was also very pleased that you where building tools around ADR, I think it's a very important component when looking for entries. It's a fact that the higher the ADR the less likely it is for price to push through and more likely it becomes for price to reverse.
Hello R4M,

Wouldn't it be interesting to have a R4M-SweetSpot-MTF indicator, based only on the "WhichSweetSpot" function of the R4M-Spike Hunter indicator.
If you do, allow TF to choose the colours.

Thanks
Quoting mchl13
Hello R4M, Wouldn't it be interesting to have a R4M-SweetSpot-MTF indicator, based only on the "WhichSweetSpot" function of the R4M-Spike Hunter indicator. If you do, allow TF to choose the colours. Thanks
Quoting Nih98
{quote} Hi @Rosalieone (Sist?) In General, Yes Price tend to turning when reach BRN (Big Round Number) / SweetSpot. But there also 'calibrating' for specific purpose. I have tool for this SweetSpot mapping. Default base on Weekly Open, so it will not pointing at BRN, but will create constant range count from Weekly Open Price. But, like my other tool, there always flexibility options in the setting so you could set it for BRN and sub levels. {image} {file} Hope it Helps NIH
@mchl13 -- I agree this is a very nice indicator -- but it's not mine. It's @Nih98's. He shared it in post #2995. Here's a link:
https://www.forexfactory.com/showthread.php?p=12329586#post12329586

@Nih98 was very generous to give me the source code so I could include it in SpikeHunter. But I'm not comfortable "rebranding" his indicator as mine. Perhaps check with @Nih98 to see what he says.
ok
Out of curiosity I read the pdf on George's Trading System. Some of it was OK, a lot of it was nonsense and not even self-consistent. On page 1 we're told
"Terminology that has no meaning and should be avoided for this system (in
the traditional sense):
Session starts/ends"

But on page 6 it turns out our charts "Must show daily period
separator."

Why? If sessions have no meaning (which btw is part of the nonsense) then why would you need daily period separators? Nonsense that's not even consistent.

On page 5 we find "Market is totally manipulated" - True
(a blessing actually) - False, for most traders
and ironically that makes it very precisely organized. - False
It is controlled by one singular entity. - False
Not by Central banks, hedge funds etc. - False . You really don't want to be on the wrong side of a CB intervention!
Market does not need liquidity - False and TOTAL NONSENSE.
because all of it is provided by the singular entity/Market Maker [MM]. - False and total nonsense. Interbank is dominated by 10 large banks - DB,GS,CITI,etc

The interbank market accounts for most forex liquidity. When you see prices moving on your charts, it's NOT due to the buying and selling of small retail traders - the "big boys" move prices, not us. However, what George apparently fails to understand is WHY. Do big banks like Deutsche or Goldman buy and sell currencies just for the lols, just for the hell of it? Of course not. They're mainly doing currency transactions for their large corporate clients and that means they need liquidity. Even Goldman Sachs can't buy euros or yen unless somebody is willing to sell them. That's where George's target zones come in. Yes, large banks do indeed hunt for stops - they have to in order to get the best exchange rates for their clients. Stop-hunting isn't some evil market conspiracy, it's just doing business. BUT the big banks are NOT in cahoots - they're competing with each other as well. So big banks are NOT the monolithic "singular entity/Market Maker" George imagines.

Conclusion: George's target zones idea is sound and should prove profitable. The other "philosophical" stuff is nonsense and should be ignored.
Steve, regarding exit strategies:

Yesterday I posted a trade, CADCFH, price reaching 130% ADR for the day and taking out a target by the pip, no other targets in sight. Today I went back to look for possible exit targets, I applied your Liquidity indi and then I noticed that the MM reversed the price filling up the LG to the exact pip. A rookie mistake by me as I could've seen it with my naked eyes, but your indi would have visualized it much better. Something to think about don't you think? I very much like your first indicators because they resolve around naked price action and visualizes where the MM wants to go next. While all the crazy mathematics around envelopes, bands, and other momentum indicators might work (please don't take any offense parisboy) I believe we can find a find a much cleaner and easier way to develop a profitable strategy that can eventually (and potentially) be turned into an EA using almost naked price action.

I really don't want to bring this up because I absolutely hate the fight you have with George and some of his trading friends but personally, I found there was a lot of value, especially in the beginning pages of his thread and I think you don't disagree with this. I firmly believe we can keep this much simpler, looking for stoploss/liquidity targets (herd zones ) that the algo wants to go to and trade of those. Please Steve keep into account that I absolutely don't speak for actions that have been taken by George or his friends in the past, I am solely talking about the way he is trading and for me there is a lot of value to be found there. While I do read every single word that has been said in all the threads, I give absolutely zero value reading those fights and I am not choosing sides, every minute that I waist reading those posts is time that I could've spend on the charts.
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Another example of how a target is taken out and price reversing back to fill the LG.
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Quoting gravitist
Conclusion: George's target zones idea is sound and should prove profitable.
Agree.
Quoting LongBTC
While all the crazy mathematics around envelopes, bands, and other momentum indicators might work (please don't take any offense parisboy) I believe we can find a find a much cleaner and easier way to develop a profitable strategy that can eventually (and potentially) be turned into an EA using almost naked price action. I really don't want to bring this up because I absolutely hate the fight you have with George and some of his trading friends but personally, I found there was a lot of value, especially in the beginning pages of his thread...
a) No offense, but I do not understand how you can label the addition or substraction of a fixed width parameter to a simple moving average "crazy mathematics"

b) I agree it is good to spend time on the charts
Quoting parisboy
{quote} a) No offense, but I do not understand how you can label the addition or substraction of a fixed width parameter to a simple moving average "crazy mathematics" b) I agree it is good to spend time on the charts

When I mentioned crazy mathematics I was actually referring to the numerous documents you posted and the parameters behind all the bands. While I absolutely understand that there is no doubt that you will find value in these indicators I think that we can keep things much simpler and that trading from (almost) naked price action can be profitable too.
Quoting gravitist
Out of curiosity I read the pdf on George's Trading System. Some of it was OK, a lot of it was nonsense and not even self-consistent. On page 1 we're told "Terminology that has no meaning and should be avoided for this system (in the traditional sense): Session starts/ends" But on page 6 it turns out our charts "Must show daily period separator." Why? If sessions have no meaning (which btw is part of the nonsense) then why would you need daily period separators? Nonsense that's not even consistent. On page 5 we find "Market is totally manipulated"...
@gravitist -- thanks for your post.

Quote
George's target zones idea is sound and should prove profitable. The other "philosophical" stuff is nonsense and should be ignored.
Yes -- I would agree. And the "spike hunting" we are focused on is basically that. Look it -- target levels are a list of prices -- you don't need to draw them. You could instead write them down on a piece of paper. These are prices we expect the MM to revisit some time in the future, but don't know when. One can not trade off of a piece of paper with a list of numbers. I / we assume a spike occurs when the MM stretches to revisit one of the prices on your piece of paper. So -- why do we need piece of paper with the list of numbers? The spike is all we need. I mean which would you rather have -- a piece of paper with numbers on it in no particular order, or a spike that chooses one of them for you and provides an opportunity to trade away? The spike gives you the timing, which is missing on that piece of paper.

The problem with @George's thread is the mixture of good ideas with nonsense. And when I and others would ask for clarifications then we were considered "non-believers", treated as such by "the family", and ultimately blocked on his thread. And don't get me started again with all the insults.

I just don't have the inclination to parse through thousands of posts to read between the lines and extract the good from the bad. If someone is incapable of clearly communicating a methodology and, on top of that, responds defensively and with insults -- then I throw the whole thing out. No doubt there will be gems -- but the thread is so polluted with nonsense then who has the time.

And, to be clear -- target levels, liquidity gaps and MM were not invented by @George -- he just chose to rename them after himself and take credit. There are other threads here at FF that discuss the exact same things. What was unique was the fervor of his family members -- regardless of the fact after 6 months only @George's inner circle was actually trading.

EDIT: And even the handful of fellas in the inner-circle traded differently. @bluesteele was only intraday. @moodybot would let trades run for days. Other people, who I am not allowed to mention, had adapted some ideas to fit with their preferred way of trading. There were no rules. No Entries or Exits. And @George felt he was "helping humanity" (his words) and new traders? It was all so very, very weird...
Quoting LongBTC
Another example of how a target is taken out and price reversing back to fill the LG. {image}
@LongBTC -- yes, that does occur. Except, sometimes it doesn't reverse.
Quoting LongBTC
Steve, regarding exit strategies: Yesterday I posted a trade, CADCFH, price reaching 130% ADR for the day and taking out a target by the pip, no other targets in sight. Today I went back to look for possible exit targets, I applied your Liquidity indi and then I noticed that the MM reversed the price filling up the LG to the exact pip. A rookie mistake by me as I could've seen it with my naked eyes, but your indi would have visualized it much better. Something to think about don't you think? I very much like your first indicators because they resolve...
@LongBTC -- you're preaching to the choir. I was definitely into Liquidity Gaps -- I even developed an indicator to detect them. And, yes, filling a liquidity gap often is followed by a reversal -- except in the cases when its not.

That's why I like spikes. When I see a spike then I figure there must have been a target level taken out or a liquidity gap partially filled. The spike provides the timing you need to trade. Target levels and liquidity gaps are the explanation behind why a spike stretched to meet a particular price.

@LongBTC -- let me ask you this. Suppose you saw a very extreme price poking above a band -- but there was no target level or liquidity gap anywhere in site. Would you reverse trade that spike?
Quoting robots4me
@LongBTC -- let me ask you this. Suppose you saw a very extreme price poking above a band -- but there was no target level or liquidity gap anywhere in site. Would you reverse trade that spike?
I wouldn't. I like to apply filters for getting into a trade. I want to know the reasoning why price has moved to that exact point, I'm very fascinated about this behaviour. The filters I like to apply are targets, LG's or stoplosszones.
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