(binned per thread starter’s request) MM (Money Maker) Detective | Page 197 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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
Exit Attachments

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

  • #3,921
  • Jun 29, 2019 3:57am Jun 29, 2019 3:57am
I am glad we are looking at the higher TF's less noise and possible greater pips gain, I did post a H1 chart a while back with entry rules
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,922
  • Jun 29, 2019 4:03am Jun 29, 2019 4:03am
Quoting bishopdotun
{quote} Chief R4M, Yes BD will do. Remember we want a multipair indi & EA with a dashboard view (oliver twist). I don't want to be clicking around before i know what price is doing on each pair I am trading. I know you can't do it. You don't even have the skill.

Quote
I know you can't do it. You don't even have the skill.
@bishdotun -- oooohhhh, that sounds like a challenge if I ever heard one. You must have read one of the earlier posts and learned how to motivate me...

Regarding multi-pair indicator and EA -- yes, of course.

As far as dashboards go, I like @cja's and @Nih98's. The burden would be on you to attach that to a chart with the BD indicator.

As for EAs -- yes, we can do that as well -- from a single chart. Using a TimerEvent (e.g. every 10 seconds) the EA checks the data for each pair listed in your MarketWatch window.

If you are referring to a graphical dashboard that displays the current status of all pairs relative to the ADR and midline -- that sounds interesting. But let's first see how well the BD strategy works in practice before I invest time on accessories.
  • #3,923
  • Jun 29, 2019 4:46am Jun 29, 2019 4:46am
[quote=bishopdotun;12356858]Next Steps @R4M Forgive me because I disobeyed your instruction to use the R4M-Bishop indi only on D1. I decided to drop to H4 to find a needle in the haystack. Now @R4M have done the baseline job, let's move forward to the next steps. I need to explain how I imagine the EA will work (or manual entries) {image}
Let me join this topic. I found it very interesting method, the rule is as simple as you exchanged. I have set multi time frames H4, D1, and W1 to consider. Let me know, what will I do next? Waiting for a nice engraving to enter the order or even consider ADR?
I have not experienced!
Sincere thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 161 KB
  • #3,924
  • Jun 29, 2019 4:57am Jun 29, 2019 4:57am
Quoting robots4me
{quote} @bishopdotun -- I have only one word -- Wow! -- and thank you. I need a little bit of time to digest this all. I do have a request though -- when you post a chart could you please include the x-axis (time course) to make it easier for me and others to align with our charts. I assume your EURCAD chart is recent. But two weeks from now when I'm re-reading your post then I'll be forced to scroll around to figure out your chart's time horizon.
Hi friends...that is R4M/BD's H4 chart with chart time GMT broker...sorry have buy colour changed to white (I'm a bit blind coloured...)

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD BD H4.png Size: 56 KB
I never lose - either I win or I learn...
  • #3,925
  • Jun 29, 2019 5:04am Jun 29, 2019 5:04am
Whoa..

I tried to go to bed, but I'm kinda jacked right now.

I need to catch up on this thread.

I went and caught some peaks and started scanning just as they approached the upper or lower band on the daily..

I went to lower time frames like I trade manually..

And this thing is wicked scary!

It pre filters buy and sell zones really well! Takes a lot of brainwork out of it for me. Wasn't expecting it to be this good. hm.

I took like 20 chart shots.. so I'm not going to post them all here.. it's 3 am.. but.. yeah.. I can manual it to the candle.. 3 times in a row.. and I didn't cherry pick.. I was actually looking for areas that might NOT work. That's fun. hmm.. might pm you tomorrow their chief. haha I want in on this lol
Attached Image (click to enlarge)
Click to Enlarge Name: ROBOT 2.4.png Size: 32 KB
  • #3,926
  • Jun 29, 2019 5:06am Jun 29, 2019 5:06am
Quoting jdva
{quote} Hi friends...that is R4M/BD's H4 chart with chart time GMT broker...sorry have buy colour changed to white (I'm a bit blind coloured...) {image}
Hello @jdva -- for now please let me focus on functionality -- we don't even know yet how well the strategy will perform. And if / when things look promising and the strategy looks like a "winner" then, sure, I'd be glad to add additional cosmetic settings.
  • #3,927
  • Jun 29, 2019 5:10am Jun 29, 2019 5:10am
Quoting JaxPacific
Whoa.. I tried to go to bed, but I'm kinda jacked right now. I need to catch up on this thread. I went and caught some peaks and started scanning just as they approached the upper or lower band on the daily.. I went to lower time frames like I trade manually.. And this thing is wicked scary! It pre filters buy and sell zones really well! Takes a lot of brainwork out of it for me. Wasn't expecting it to be this good. hm. I took like 20 chart shots.. so I'm not going to post them all here.. it's 3 am.. but.. yeah.. I can manual it to the candle.....
Quote
might pm you tomorrow their chief
@JaxPacific -- and you might want to include @bishopdotun, as well. This is his baby -- I'm just the mechanic.
  • #3,928
  • Jun 29, 2019 5:16am Jun 29, 2019 5:16am
Quoting robots4me
{quote} Hello @jdva -- for now please let me focus on functionality -- we don't even know yet how well the strategy will perform. And if / when things look promising and the strategy looks like a "winner" then, sure, I'd be glad to add additional cosmetic settings.
...OK, do agree, was just for me...forgot to reset colour change...sorry, my apology!
I never lose - either I win or I learn...
  • #3,929
  • Jun 29, 2019 5:59am Jun 29, 2019 5:59am
Quoting robots4me
{quote} @YoungET -- I'm sorry to hear that. I had noticed you had gone radio silent -- you were missed. I wish you a speedy recovery.
A week on, and a week off from trading I am gradually getting back to where I was. I have caught myself up to date and have had a dabble with the new SpikeHunter, have to say I'm pleased to see you have taken the leap and decided to diverse from just the Intraday 15M. I'll be fully digging my teeth into swapping out IRUTM for SpikeHunter over the weekend (We will see how long I can tolerate sitting at the computer as it will be 35 degrees Celcius here in London UK), as you have definitely eliminated a fair few false positives with the updates you've incorporated.

Anyway, I have a few ways in mind of incorporating SpikeHunter similarly to IRUTM in the past, but I have some top-down multi-timeframe analysis ideas that I believe will improve drawdowns and ultimately returns on a trading basis, as we know that's where my inputs lay

Great to see the OG's still putting in the effort, and great to see the thread building! Look forward to conversing with you all.
  • #3,930
  • Jun 29, 2019 6:09am Jun 29, 2019 6:09am
Quoting robots4me
{quote} Friend @Nih98 -- I've had the same problem with MTF. But, you know, I have come across posts from the MetaQuotes web site where I've read it can be done. But in my hands it never seems to work right. I'm glad to hear this from you -- I'll stop knocking my head trying.
Not sure if it's still relevant, but I have an EA that works as a Strategy Tester of sorts, it will use data from the likes of Dukascopy, and you can create a wide range of charts that even MT4 doesn't accommodate. I'll link it if you ever feel the need to test anything MTF, just make sure you create the appropriate charts and have them open. Also, it's classed as a Demo BUT as long as you don't open any demo trades through the EA it will run the who simulation without error, I use it more of a visual tester to see how a theory would pan out over a period of time versus an actual strategy tester.

Attached File(s)
File Type: ex4 Soft4FX Forex Simulator.ex4   1.4 MB | 482 downloads
  • #3,931
  • Jun 29, 2019 6:28am Jun 29, 2019 6:28am
Quoting robots4me
{quote} @skyway -- yes, perhaps some filtering could be applied. But you did notice that even your "inefficient" signals were winners, right? And since this is a D1 chart that could still amount to dozens of pips.
Apologize for the in and out type responses, I'm re-reading and throwing in some inputs that I would have done at the relevant time.

These signals that were highlighted as "lower grade" signals so to speak and suggested filtered, do produce a fair few pips as you suggested. Instead of filtering them out, you could just highlight them as a level two entry, similar to how MM Detective marks level two & three pivots?
  • #3,932
  • Jun 29, 2019 7:38am Jun 29, 2019 7:38am
Quoting robots4me
{quote} Hello @jdva -- for now please let me focus on functionality -- we don't even know yet how well the strategy will perform. And if / when things look promising and the strategy looks like a "winner" then, sure, I'd be glad to add additional cosmetic settings.
There seems to be a link between the R4M_BD and R4M RSIexit in this strategy. If two indicators appear, the higher the probability of performing a successful transaction.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 134 KB
  • #3,933
  • Jun 29, 2019 10:18am Jun 29, 2019 10:18am
Even on Gold we can still profit. See the pictures below. (Sorry I took them on iPhone Remote Desktop)

Attached Image (click to enlarge)
Click to Enlarge Name: DC3F650F-AECD-4EB3-B4DD-DA7CADE461B8.jpeg Size: 1.2 MB


Attached Image (click to enlarge)
Click to Enlarge Name: 1AA5E0A8-30D1-4032-8954-9D3F3D6835EC.jpeg Size: 943 KB


Depending on on the situation, this system can be both trend following or reversal.
  • #3,934
  • Jun 29, 2019 11:51am Jun 29, 2019 11:51am
Hi Guys - not certain if I am posting in the correct thread, but seeing posts here by Pip-Miner, parisboy and OAPDave drew my attention and together with the header on Page 1 of Liquidity Gap Indicator, I started reading. Later I found posts about ATR which again interests me.

My M15 chart of the Dow Cash - I only trade Dax & Dow as between them I (usually) get sufficient volatility for a couple of hours from 9am (XO on Dax) and then from 3:30pm Open of the New York SE - easy hours for a retired guy to trade!

So I already use Liquidity Gaps - aka Wide Ranged Bodies - with or without Hidden Gaps as per the work by my old friend and VSA trading guru Hidden Gap.
I draw these manually on my M15 & M60 charts as on this attached chart. Areas to be revisited and much used by Dutchy Daxy in his daily swing trading of Dax, Dow & NQ

Interestingly, I do not see any note of Volumes in any of the posts I have read - guess many get put off by the whole VSA approach as being too complex - which misses the value of volume and the lack of it.

More interesting for me, is exploring the use of the daily ATR, which I already do manually - I have the 20 ADR on my M60, the 10 ADR on my M15 & the 5 ADR on my M1.....currently at 261, 231 & 213 and still falling. Which poses the question as to which value should be used in an indicator - or in my case, in my daily range calculator for intra day levels - which is what my trading is about....Levels

So the subjectivity of selection a random value for the ATR input for say the LWMA_TrueTMA or my daily range calculator is what I am talking about - any thoughts please
Attached Image (click to enlarge)
Click to Enlarge Name: jne28 dow m15 cls.png Size: 92 KB
Trading Levels with WRBs
  • #3,935
  • Jun 29, 2019 2:54pm Jun 29, 2019 2:54pm
Quoting Islander
Hi Guys - not certain if I am posting in the correct thread, but seeing posts here by Pip-Miner, parisboy and OAPDave drew my attention and together with the header on Page 1 of Liquidity Gap Indicator, I started reading. Later I found posts about ATR which again interests me. My M15 chart of the Dow Cash - I only trade Dax & Dow as between them I (usually) get sufficient volatility for a couple of hours from 9am (XO on Dax) and then from 3:30pm Open of the New York SE - easy hours for a retired guy to trade! So I already use Liquidity Gaps - aka...
@Islander -- if you are looking for advice or guidance, I'd say this was the wrong thread. Though we're using related indicators, we're working on a couple of reversal trading strategies. Feel free to join in and give advice or ask questions about the current indicators / EA.
  • #3,936
  • Edited 5:21pm Jun 29, 2019 3:48pm | Edited 5:21pm
Drama Time...

It's a slow Sunday.

@skyway had posted a few book markings for @George's recent pod cast and I was curious so I checked them out. A number of strange things were put forth by @George. And one in particular caught my attention. I was going to let it slide, but since @George seemed fit to let loose on a 50,000 word ranting diatribe directed personally at me, I thought it might be fun to reciprocate -- in less than 50,000 words and, of course, without all the insults. Which, by the way, @George made clear were not directed at me personally -- right...

If you are curious to read @George's recent post, here's a link. Just make sure there are no kids in the room.
https://www.forexfactory.com/showthread.php?p=12356700#post12356700

Back to @George's pod cast. He spent a few minutes discussing how someone using his methodology could turn a $12 account that wins 20 pips / day trading 0.01 lots ($2.40 GBP) into over one million dollars in 48 weeks. No kidding -- $12 to $1,000,000 in 48 weeks following his trading plans. He then pointed to a folder on his desktop and moved the mouse cursor over it as if to click, but then told viewers it was private. At this point even @FractalFreak was a bit lost for words.

Now, @George's claim sort of intrigued me. Since there are 52 weeks in a year I'll give @George an extra 4 weeks and round his time frame up to one year.

If you double your money in one year that's 100% growth, right? But if you grow your account by 83,000x ($12 to $1,000,000) doesn't that mean something like 8300000% growth? Now, this is beginning to sound pretty good because 8300000% growth is quite a bit better than my conservative portfolio at Morgan Stanley. @bluesteele did claim @George had a "very comprehensive trading plan" and "$$$ machine". Since I would be the last person to question anything @bluesteele promoted, I'm willing to give @George the benefit of the doubt.

So, let's take this to the logical next step. The following year, year #2, @George now has $1,000,000. Assuming his trading plan can scale, when you grow $1,000,000 by 8300000% then that becomes a lot of pasta. My 64-bit computer can't handle that many zeros. Furthermore, since @George's stated, humble, goal is to "help humanity" -- with that kind of moolah he could solve the world's homeless problem by purchasing every homeless person a mansion on the French Riviera. In fact, he could probably purchase a home for every human being past, present and future.

And then it occurred to me -- with all those gazillions of dollars then why is @George so reluctant to double-click on the desktop icon to show his trading plans? Why would this man who's only desire is to "help humanity" unwilling to share even a few dollars with his struggling trading family? Why not feed all the starving children? Why not fund medical research to cure all disease?

I'm going to go out on a limb and I know I'll pay a heavy price -- but, that's okay. Because my goal, as well, is to help humanity. I don't think @George can grow $12 to 1,000,000 -- not in a year, not in 10,000 years. And since @George is so stingy when it comes to money -- which would be extremely unusual for someone who's rolling in the dough (I mean $$$ machine) -- I'm guessing @George doesn't trade live accounts. If I could generate a fraction of the income @George claims, I would take the first flight to India and build orphanages to forever change the quality of life for millions of people.

Come on @George -- I don't insult you the way you insulted me (and others). With all that money I'd like to learn more about the charities you support in your humble effort to help humanity.

Oh, yeah, keep the insults flying. I've got lots of material to work with when I need a break from programming.

EDIT: @George -- just to be clear, I'm not asking you to show us a TE or any sort of proof of your trading expertise. Others have gone that road and failed. Instead, I'm just asking about the list of charities you support with all the income you earn from that "$$$ machine".
  • #3,937
  • Jun 29, 2019 4:41pm Jun 29, 2019 4:41pm
Quoting robots4me
Drama Time... It's a slow Sunday. @skyway had posted a few book markings for @George's recent pod cast and I was curious so I checked them out. A number of strange things were put forth by @George. And one in particular caught my attention. I was going to let it slide, but since @George seemed fit to let loose on a 50,000 word ranting diatribe directed personally at me, I thought it might be fun to reciprocate -- in less than 50,000 words and, of course, without all the insults. Which, by the way, @George made clear were not directed at me personally...
Beware of swinging on big trends and small trends
It is applied regularly.

For example, it is amazing to see the big trend for this indicator now.
However, a small trend of security is needed.

And because of these two trends, other indicators that do not have this will always be repainted and applied.
  • #3,938
  • Jun 29, 2019 5:04pm Jun 29, 2019 5:04pm
BishopDotun ADR Indicator (R4M-BishopDotun-ADRIndi.ex4)

The BD indicator looks so promising I've decided to make an "official" release. The R4M-BishopDotun-ADRIndi.ex4 can be downloaded from the other thread "Custom Indicators for TMA-ADR Reversal Trading and BBMA" (https://www.forexfactory.com/showthread.php?t=920925). All indicators are bundled in a *.zip file.

Attached Image (click to enlarge)
Click to Enlarge Name: R4M-BishopDotun-ADRIndi.png Size: 44 KB


This version has been updated since post #3893. Also, this version is on its way to becoming an EA, so there are a few things I'll need to explain -- in a subsequent post. But until then I think it functions the same as the previous version and doesn't complain if you choose a time frame other than D1.
  • #3,939
  • Jun 29, 2019 5:40pm Jun 29, 2019 5:40pm
Quoting robots4me
Drama Time... It's a slow Sunday. @skyway had posted a few book markings for @George's recent pod cast and I was curious so I checked them out. A number of strange things were put forth by @George. And one in particular caught my attention. I was going to let it slide, but since @George seemed fit to let loose on a 50,000 word ranting diatribe directed personally at me, I thought it might be fun to reciprocate -- in less than 50,000 words and, of course, without all the insults. Which, by the way, @George made clear were not directed at me personally...
There was something that I picked up on regarding when the market didn't reverse, but just carried on, he refuses to take a loss and Hedges his positions, this again is very hard to get right and I assume it must have cost him money at some time (or many times), because he quite clearly states he stopped trading for 6 months until he Mastered two things 1) How to Hedge 2) How to spot when the Market is not going to reverse.

Well that is brilliant he truly is a Master Trader, I have nothing more to add, just simply Brilliant
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,940
  • Jun 29, 2019 6:02pm Jun 29, 2019 6:02pm
Quoting Islander
Hi Guys - not certain if I am posting in the correct thread, but seeing posts here by Pip-Miner, parisboy and OAPDave drew my attention and together with the header on Page 1 of Liquidity Gap Indicator, I started reading. Later I found posts about ATR which again interests me. My M15 chart of the Dow Cash - I only trade Dax & Dow as between them I (usually) get sufficient volatility for a couple of hours from 9am (XO on Dax) and then from 3:30pm Open of the New York SE - easy hours for a retired guy to trade! So I already use Liquidity Gaps - aka...

Hey! I was just getting ready to point out the volume stuff. I posted a shot last night and the VSA entries were razor sharp and confirmed by the indicator.. I was actually really surprised to see How accurate the supply and demand zones were without the volume. It's going to be crazy if we can apply it and maybe make a couple of tweaks.

Hey! Shoot me what you mentioned on VSA! Always looking for good sources and never want to think I know it all!
0 traders viewing now