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The Volume Detective 411 replies

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  • #4,021
  • Jun 30, 2019 7:26pm Jun 30, 2019 7:26pm
Quoting robots4me
{quote} I stopped being impressed by you already - I take your high performance for granted now HAHAH... (shit another compliment! sorry) OK, might rent 3 VPS and eliminate the problem then PC
@pipcruiser -- while walking my dog I was thinking about this problem and then, all of a sudden, she started barking at me with a better solution. You don't need additional VPS machines -- you simply need to run multiple instances of MT4. If you wish to monitor 10 pairs then I would launch 2 instances of MT4 with 5 charts each. Two instances with 5 charts each doesn't require that much more screen real estate than one instance with 10 charts.[/quote]
why not build in MQL5 ?
  • #4,022
  • Jun 30, 2019 7:45pm Jun 30, 2019 7:45pm
Quoting Pip-Miner
{quote} @pipcruiser -- while walking my dog I was thinking about this problem and then, all of a sudden, she started barking at me with a better solution. You don't need additional VPS machines -- you simply need to run multiple instances of MT4. If you wish to monitor 10 pairs then I would launch 2 instances of MT4 with 5 charts each. Two instances with 5 charts each doesn't require that much more screen real estate than one instance with 10 charts.
why not build in MQL5 ?[/quote]

Quote
why not build in MQL5 ?
@Pip-Miner -- because many brokers don't support MT5. As a US client I have an account with OANDA -- probably the most well known US broker. They don't support MT5. I asked if they had any plans to support MT5 and their answer was -- "no".

One of the biggest mistakes MetaQuotes made was not making MT5 backward compatible. As a result, every indicator and DLL written for MT4 would need to be rewritten in order to run on MT5. Is it do-able? Of course. But I'm not going to spend 6 months rewriting all the pieces so @pipcruiser can open more charts on a single MT4 session. Nothing personal -- I like @pipcruiser and would jump through hoops of fire to help him -- but rewriting thousands of lines of code so it could run on MT5 isn't on my bucket list. And, besides, who's to say it wouldn't have the same problem or some new problem.

EDIT: Also, the initial release of MT5 didn't support hedging (or even FIFO, I believe). Later on they had second thoughts and created a "hedging-friendly" version of MT5. I wouldn't say MT5 is a dead platform, but I'm betting a lot more people would complain if MT4 went away than if MT5 went away. I mean, look at what goes on here at FF -- how many threads are devoted to using MT5 compared to MT4?
  • #4,023
  • Jun 30, 2019 7:46pm Jun 30, 2019 7:46pm
So, I'm looking for the failure points. Where does this not work and why. We can't always be right, but that's what I'm good at analyzing.

SO anyway, My thought was, to focus on any area where candles peaked outside on the daily more than 3 times or where the trend causes the indicator to look narrow, rapid and successive (EUR/USD jun-AUG 2017). Those are 'potential' increased risk areas level 1. Then any areas where there are 3 or more candles outside the bands I am looking at as a potential level 2. I am looking for a level 3 or anything to add to those other levels. Pretty much, anywhere you see a trade go bad and it's not an easy fix, or if you want to comment on my perspective above, I want to know, please. I'll filter it through how I trade manually and let the powers that be see what can be coded.

You can shoot it to me in a pm or tag me here. Thanks
  • #4,024
  • Jun 30, 2019 7:52pm Jun 30, 2019 7:52pm
Quoting robots4me
{quote} why not build in MQL5 ?
{quote} @Pip-Miner -- because many brokers don't support MT5. As a US client I have an account with OANDA -- probably the most well known US broker. They don't support MT5. I asked if they had any plans to support MT5 and their answer was -- "no". One of the biggest mistakes MetaQuotes made was not making MT5 backward compatible. As a result, every indicator and DLL written for MT4 would need to be rewritten in order to run on MT5. Is it do-able? Of course. But I'm not going to spend 6 months rewriting all the pieces so @pipcruiser can open more charts on a single MT4 session. Nothing personal -- I like @pipcruiser and would jump through hoops of fire to help him -- but rewriting thousands of lines of code so it could run on MT5 isn't on my bucket list. And, besides, who's to say it wouldn't have the same problem or some new problem.[/quote]

Interesting I thought MT5 was brought out because of the US hedging Laws (so it was aimed at the US market), because it was not until a few years later that they released MT5 Hedge, which obviously allows hedging.

There are things I like with MT5 and being able to un-dock a chart and place it on another monitor is one of them.
Some people say I'm lucky, but the more I practice the luckier I get
  • #4,025
  • Jun 30, 2019 7:56pm Jun 30, 2019 7:56pm
Quoting Robot Trader
{quote} {quote} @Pip-Miner -- because many brokers don't support MT5. As a US client I have an account with OANDA -- probably the most well known US broker. They don't support MT5. I asked if they had any plans to support MT5 and their answer was -- "no". One of the biggest mistakes MetaQuotes made was not making MT5 backward compatible. As a result, every indicator and DLL written for MT4 would need to be rewritten in order to run on MT5. Is it do-able? Of course. But I'm not going to spend 6 months rewriting all the pieces so @pipcruiser can open...
Interesting I thought MT5 was brought out because of the US hedging Laws (so it was aimed at the US market), because it was not until a few years later that they released MT5 Hedge, which obviously allows hedging. There are things I like with MT5 and being able to un-dock a chart and place it on another monitor is one of them.[/quote]
Also testing multiple pairs in strategy tester, it saves so much time.
  • #4,026
  • Jun 30, 2019 8:00pm Jun 30, 2019 8:00pm
Quoting Robot Trader
{quote} {quote} @Pip-Miner -- because many brokers don't support MT5. As a US client I have an account with OANDA -- probably the most well known US broker. They don't support MT5. I asked if they had any plans to support MT5 and their answer was -- "no". One of the biggest mistakes MetaQuotes made was not making MT5 backward compatible. As a result, every indicator and DLL written for MT4 would need to be rewritten in order to run on MT5. Is it do-able? Of course. But I'm not going to spend 6 months rewriting all the pieces so @pipcruiser can open...
Interesting I thought MT5 was brought out because of the US hedging Laws (so it was aimed at the US market), because it was not until a few years later that they released MT5 Hedge, which obviously allows hedging. There are things I like with MT5 and being able to un-dock a chart and place it on another monitor is one of them.[/quote]

i do like my hedging account and the way i trade only need a few indies i see no difference between mt4 and mt5 in operation
people leave, but this thread will go on for ever
  • #4,027
  • Jun 30, 2019 8:09pm Jun 30, 2019 8:09pm
Quoting Aussi
{quote} Interesting I thought MT5 was brought out because of the US hedging Laws (so it was aimed at the US market), because it was not until a few years later that they released MT5 Hedge, which obviously allows hedging. There are things I like with MT5 and being able to un-dock a chart and place it on another monitor is one of them.
i do like my hedging account and the way i trade only need a few indies i see no difference between mt4 and mt5 in operation [/quote]

Your MT5 account will say Hedge next to your account number in the top left corner, in the US they do not have MT5 hedge platform so it will not say the word Hedge
Some people say I'm lucky, but the more I practice the luckier I get
  • #4,028
  • Jun 30, 2019 8:18pm Jun 30, 2019 8:18pm
Quoting Robot Trader
{quote} i do like my hedging account and the way i trade only need a few indies i see no difference between mt4 and mt5 in operation
Your MT5 account will say Hedge next to your account number in the top left corner, in the US they do not have MT5 hedge platform so it will not say the word Hedge[/quote]
yep it says hedge and i use it well mate
people leave, but this thread will go on for ever
  • #4,029
  • Jun 30, 2019 8:19pm Jun 30, 2019 8:19pm
When more traders migrate to mt5, then brokers will take the opportunity to drop mt4. The result is a lot of custom indicators have to be rebuilt or loss.
  • #4,030
  • Jun 30, 2019 8:36pm Jun 30, 2019 8:36pm
Quoting JaxPacific
So, I'm looking for the failure points. Where does this not work and why. We can't always be right, but that's what I'm good at analyzing. SO anyway, My thought was, to focus on any area where candles peaked outside on the daily more than 3 times or where the trend causes the indicator to look narrow, rapid and successive (EUR/USD jun-AUG 2017). Those are 'potential' increased risk areas level 1. Then any areas where there are 3 or more candles outside the bands I am looking at as a potential level 2. I am looking for a level 3 or anything to add...
@JaxPacific -- I think your idea of looking for failure points is good. Also it brings up another issue for discussion. Let me start it off because, surprise, I have an opinion.

I'm exaggerating, but I think one has to tread carefully and not get too focused on the failures. The reason is because I see forex as a game of probability. I prefer to analyze a strategy once the sample size is large enough and you can get some meaningful statistics. Losses are too be expected -- what is more important is how the strategy performs in the big picture. Furthermore, whenever you start applying rules to mitigate false positives then you also impact the number of winners. It's always a trade-off.

Here's an analogy. Consider a casino that allows customers to play Black Jack. Is the casino worried when it loses a hand to a customer? I don't think so. And that's because it knows it has an edge and at the end of the evening after thousands of hands of Black Jack have been played then it almost always comes out ahead. So, they're not going to fiddle with the rules because they have something that works. They would only fiddle with the rules (e.g. prohibit card-counting) if they discovered their strategy no longer provided an edge.
  • #4,031
  • Edited 10:32pm Jun 30, 2019 8:51pm | Edited 10:32pm
Quoting robots4me
{quote} @JaxPacific -- I think your idea of looking for failure points is good. Also it brings up another issue for discussion. Let me start it off because, surprise, I have an opinion. I'm exaggerating, but I think one has to tread carefully and not get too focused on the failures. The reason is because I see forex as a game of probability. I prefer to analyze a strategy once the sample size is large enough and you can get some meaningful statistics. Losses are too be expected -- what is more important is how the strategy performs in the...
In blackjack card counters bet low size when the count is low waiting for the cards to heat up to high count when they up their betsize.

Likewise, when the signal is less efficient we ignore or trade with lower lotsize. Unlike blackjack, we don't have to manually do the count in our head. And since we have access to 28pairs 24/5 instead of this current deck that we track the count we have this luxury to do business when the edge is clearly with us. That's the huge advantage of forex over bj besides having to stay under the casino surveillance radar.

My point is we don't have to prove if your strategy works when the signal is ambiguous. We just need the clear signals to win more often than not that gives better chance for a net positive profit.
  • #4,032
  • Jun 30, 2019 9:10pm Jun 30, 2019 9:10pm
Quoting skyway
{quote} In blackjack card counters bet low size when the count is low waiting for the cards to heat up to high count when they up their betsize. Likewise, when the signal is less efficient we ignore or trade with lower lotsize. Unlike blackjack, we don't have to manually do the count in our head. And since we have access to 28pairs 24/5 instead of this current deck that we track the count we have this luxury to do business when the edge is clearly with us. That's the huge advantage of forex over bj besides having to stay under the casino surveillance...

when you talk keeping under the observance of a broker you need to hide some times my account was closed by f.....com for no reason , but it was for taking their money but they were renound for it years ago
people leave, but this thread will go on for ever
  • #4,033
  • Jun 30, 2019 10:55pm Jun 30, 2019 10:55pm
Nice example of how to show a live trade.... Keep doing this everyday man and the naysayers will disappear.... I guarantee it!... . VEEFX
https://www.forexfactory.com/showthread.php?p=12358395#post12358395

That's what I asked for months earlier. First the podcast and now few after the fact trades posted by those who wants to raise their forum profile. Slow, slow, slow......

I wait patiently for 10trade entries and exits, if it ever happens. Hindsight cherry picked is accepted np.
  • #4,034
  • Jun 30, 2019 11:20pm Jun 30, 2019 11:20pm
Quoting skyway
Nice example of how to show a live trade.... Keep doing this everyday man and the naysayers will disappear.... I guarantee it!... . VEEFX https://www.forexfactory.com/showthread.php?p=12358395#post12358395 That's what I asked for months earlier. First the podcast and now few after the fact trades posted by those who wants to raise their forum profile. Slow, slow, slow...... I wait patiently for 10trade entries and exits, if it ever happens. Hindsight cherry picked is accepted np.
@skyway -- let's give it a rest -- until one of them sticks his foot in his mouth -- again. I'm still waiting for confirmation on the $12-to-$1000000-in-48-weeks trading plan generated by the $$$ machine and the list of charities but, so far, radio silence on that. The last couple of days the worst I've / we've been called are 'Ignorants'. That's about par for the 3 Musketeers and I can live with that. Let's see how it goes...

Quote
I wait patiently for 10trade entries and exits
I hope you have a comfortable chair.
  • #4,035
  • Jul 1, 2019 12:00am Jul 1, 2019 12:00am
Quoting robots4me
{quote} I stopped being impressed by you already - I take your high performance for granted now HAHAH... (shit another compliment! sorry) OK, might rent 3 VPS and eliminate the problem then PC
@pipcruiser -- while walking my dog I was thinking about this problem and then, all of a sudden, she started barking at me with a better solution. You don't need additional VPS machines -- you simply need to run multiple instances of MT4. If you wish to monitor 10 pairs then I would launch 2 instances of MT4 with 5 charts each. Two instances with 5 charts each doesn't require that much more screen real estate than one instance with 10 charts.[/quote]

_______________________________

R4M - clever dog

I thought the same, but as the problem is the VPS machine itself (or at least I think) having limited resources, chopping it up in different MT4 installs (sucking up the same RAM etc) - would probably give same results....anyway, there is only one way to find out!

My wet dream is still a simple dashboard firing off alerts (closed candle for less CPU usage) - when there is a set-up.

Are we 100% sure the BDADR does not repaint? I use it on 1H chart, but still set to 10080 in the TF inputs.

Thx

PC
Less is more...
  • #4,036
  • Jul 1, 2019 12:29am Jul 1, 2019 12:29am
Quoting pipcruiser
{quote} @pipcruiser -- while walking my dog I was thinking about this problem and then, all of a sudden, she started barking at me with a better solution. You don't need additional VPS machines -- you simply need to run multiple instances of MT4. If you wish to monitor 10 pairs then I would launch 2 instances of MT4 with 5 charts each. Two instances with 5 charts each doesn't require that much more screen real estate than one instance with 10 charts.
_______________________________ R4M - clever dog I thought the same, but as the problem is the VPS machine itself (or at least I think) having limited resources, chopping it up in different MT4 installs (sucking up the same RAM etc) - would probably give same results....anyway, there is only one way to find out! My wet dream is still a simple dashboard firing off alerts (closed candle for less CPU usage) - when there is a set-up. Are we 100% sure the BDADR does not repaint? I use it on 1H chart, but still set to 10080 in the TF inputs. Thx PC[/quote]

Quote
but as the problem is the VPS machine itself (or at least I think) having limited resources, chopping it up in different MT4 installs (sucking up the same RAM etc) - would probably give same results.
Yep -- I agree. I use a couple of what I would consider "high-end" VPS machines and their performance is worse than an inexpensive desktop machine. The only reason I'll still use VPS is for the network reliability.

Quote
simple dashboard firing off alerts
Yep -- I would like that as well. And I don't think it would be difficult to implement. Let's see how well the BD strategy matures. I'm really curious to learn how it performs in other people's hands and the exact trading conditions.

Quote
Are we 100% sure the BDADR does not repaint?
It's based on the "centered TMA" indicator -- which is a repainter. However, using ADR as an offset sort of mitigates this -- I think. Usually I can test for repainting using MT4's Strategy Tester -- but that doesn't work well with this indicator. At this point I think results from Demo testing will give us the most reliable impression on how the strategy performs.

Perhaps @bishopdotun has additional insight on repainting and whether or not that would be a concern for him.
  • #4,037
  • Jul 1, 2019 12:34am Jul 1, 2019 12:34am
Quoting robots4me
{quote} @skyway -- let's give it a rest -- until one of them sticks his foot in his mouth -- again. I'm still waiting for confirmation on the $12-to-$1000000-in-48-weeks trading plan generated by the $$$ machine and the list of charities but, so far, radio silence on that. The last couple of days the worst I've / we've been called are 'Ignorants'. That's about par for the 3 Musketeers and I can live with that. Let's see how it goes... {quote} I hope you have a comfortable chair.
Taking your observations a step further and making the starting point 1998, then how much money would that be? enough to actually make George the real MM? and therefore move the market at will taking out all our stops.
Some people say I'm lucky, but the more I practice the luckier I get
  • #4,038
  • Jul 1, 2019 12:35am Jul 1, 2019 12:35am
Quoting robots4me
{quote} @JaxPacific -- I think your idea of looking for failure points is good. Also it brings up another issue for discussion. Let me start it off because, surprise, I have an opinion. I'm exaggerating, but I think one has to tread carefully and not get too focused on the failures. The reason is because I see forex as a game of probability. I prefer to analyze a strategy once the sample size is large enough and you can get some meaningful statistics. Losses are too be expected -- what is more important is how the strategy performs in the...
For sure. Same conclusion, for the most part. In my experience, if you find a good system, then start over optimizing and retrofitting, it can take a good system that works 70% of the time.. and turn it into a system that works 90% of the time but only until the market behavior changes. Most people who... I can't believe I'm saying this.. I vowed never to say this on forex factory because of my loath... forget it , can't do it, I tried.. I'll just say people looking for the HG.. they geek out over code and forget or don't know why the trades actually worked in the first place. ha

Anyway. Also in my experience, brokers matter. All the stuff I used to think was my broker.. once I learned how to trade and found a good broker.. I realized the stop hunts and spikes and all that were just good business. It's how the game is played by the banks, but they always show their hand. Moral? Good broker and uh Learn good. lol Seriously though.. if anyone ever gets too big for a decent broker, there is always a better service to pay for..and move up to. Just part of the business.

Anyway part 2. I'm pretty good at telling the difference between an avoidable trade and an over optimized trade. SO anyone reading who doesn't know what to do, or is just waiting around for an EA to drop, don't be that person.. study the indicators and find me some bad/failed trades on any pairs except EUR USD, USD JPY or USD CHF. I'll study those.
  • #4,039
  • Jul 1, 2019 12:37am Jul 1, 2019 12:37am
Quoting Robot Trader
{quote} Taking your observations a step further and making the starting point 1998, then how much money would that be? enough to actually make George the real MM? and therefore move the market at will taking out all our stops.
Now, now @Robot Trader -- let's not be too hasty in our judgment. Sarcasm has no place here at FF. We should learn to be more respectful of one another and one another's pseudopods.
  • #4,040
  • Jul 1, 2019 12:41am Jul 1, 2019 12:41am
Quoting pipcruiser
{quote} @pipcruiser -- while walking my dog I was thinking about this problem and then, all of a sudden, she started barking at me with a better solution. You don't need additional VPS machines -- you simply need to run multiple instances of MT4. If you wish to monitor 10 pairs then I would launch 2 instances of MT4 with 5 charts each. Two instances with 5 charts each doesn't require that much more screen real estate than one instance with 10 charts.
_______________________________ R4M - clever dog I thought the same, but as the problem is the VPS machine itself (or at least I think) having limited resources, chopping it up in different MT4 installs (sucking up the same RAM etc) - would probably give same results....anyway, there is only one way to find out! My wet dream is still a simple dashboard firing off alerts (closed candle for less CPU usage) - when there is a set-up. Are we 100% sure the BDADR does not repaint? I use it on 1H chart, but still set to 10080 in the TF inputs. Thx PC[/quote]

We wont get tired of that repainting problem.

You may notice minor movements here and there but they are not significant. The entry points mostly remain the same. Thats why I chose weekly and also monthly.

Additionally, we are less bothered because price has already overshot its boundaries (>100% ADR for the period relative to centred moving avg) at the moment the trade was taken. So we expect price to return to its fair value soon. And we keep doing that each time price gets away from its fair value. Also from historical perspective, price almost always touch the middle line at least once a week giving us opportunities to exit in profit or loss. We will scale in to the trades by taking microlots, spacing the entry points and setting our stop loss at a further x% of ADR. Combining these give us a clear edge. At least visual backtest shows that. Overtime we should make more than we expect to loose.


@R4M:
This is why the automation is necessary. I missed this while asleep.
I have gone back to the previous version. It is lighter. The new one is killing the platform.
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