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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

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

  • #4,081
  • Jul 2, 2019 1:49am Jul 2, 2019 1:49am
Quoting pipcruiser
{quote} ______________ Awesome - I have it running op 15 charts no probs. Alerts pop-up/ push works like charm! Idea: Alert when hit mid line : True Thanks PC

Quote
I have it running op 15 charts no probs. Alerts pop-up/ push works like charm!
@pipcruiser -- holy smokes, do you mean it actually works? How did that happen?

Quote
Idea: Alert when hit mid line
Right -- I'll have that working in the next update.
  • #4,082
  • Jul 2, 2019 1:53am Jul 2, 2019 1:53am
Quoting robots4me
{quote} {quote} @pipcruiser -- holy smokes, do you mean it actually works? How did that happen? {quote} Right -- I'll have that working in the next update.
Works awesome - now 20 charts and spinns like a kitten...

PC
Less is more...
  • #4,083
  • Jul 2, 2019 1:53am Jul 2, 2019 1:53am
Quoting robots4me
Updated version of the @bishopdotun indicator -- R4M-BD-ADR.ex4 I've just now uploaded a new version of the R4M-BD-ADR.ex4 to 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. The main improvement for this version is performance. Turns out there was a bug (I am embarrassed to admit) -- but this was the first one ever, trust me. The bug did not affect computations -- rather, it was repeatedly calling a recursive...
Sorry for this a bit dumb question, Pls how do I upload the EA? and what do I upload?
Only Jesus Saves
  • #4,084
  • Jul 2, 2019 1:57am Jul 2, 2019 1:57am
Quoting robots4me
{quote} {quote} @pipcruiser -- holy smokes, do you mean it actually works? How did that happen? {quote} Right -- I'll have that working in the next update.
____
EDIT : 2 requests.

1) Could you take away the auto trading stuff (for the ones who trades manually) OR Show Trade Button : False

The red button takes up space - I know totally cosmetic, but I know you dont mind input.

2) Signals candle wait: 12

This means, once we have a valid signal, we cannot get the same signal on the same pair again before 12 bars has passed. (12 hrs in 1 H charts) - else we will get a ton of "same signals: on the same pair. Less is more as they say.

PC

PC

22 pairs
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 421 KB
Less is more...
  • #4,085
  • Jul 2, 2019 2:06am Jul 2, 2019 2:06am
Quoting bishopdotun
New Entries Both happened at key SR zones (Look left) {image} {image}
I fully agree on the "key SR Zones"

Key SR Zones is mainly the Center of Gravity of the Price Range Gann Octave

A strong Support or Resistance depending of the Price Action Trend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF 1 H MURREY MATHS 2 JUILLET 2019.png Size: 1.1 MB
Click to Enlarge Name: UChf.png Size: 1.1 MB
  • #4,086
  • Jul 2, 2019 2:13am Jul 2, 2019 2:13am
Quoting dotman
{quote} Sorry for this a bit dumb question, Pls how do I upload the EA? and what do I upload?
@dotman -- please read post #1 in the other thread that I refer to and link to. Also, there's no EA yet.

@dotman -- it's not a dumb question. And I could spend a few minutes and write a paragraph or two and explain it all. But I don't have the desire and time to do that for every person. It's understood that some burden falls on your shoulders. Obviously the information is here because others are using it. If you don't have the inclination to figure out how to install things then, well, trading is going to be an even bigger struggle.
  • #4,087
  • Jul 2, 2019 2:15am Jul 2, 2019 2:15am
Quoting parisboy
{quote} I fully agree on the "key SR Zones" Key SR Zones is mainly the Center of Gravity of the Price Range Gann Octave A strong Support or Resistance depending of the Price Action Trend {image} {image}
@parisboy -- nice to hear from you.

Does this mean, heaven forbid, that @bishopdotun's strategy has your stamp of approval?
  • #4,088
  • Jul 2, 2019 2:17am Jul 2, 2019 2:17am
I found the forces pressing down on the signal. So it's very dangerous to get a signal and just go in
  • #4,089
  • Jul 2, 2019 2:46am Jul 2, 2019 2:46am
Quoting spae11
I found the forces pressing down on the signal. So it's very dangerous to get a signal and just go in
@spae11 -- without a screen shot I have no idea what you are talking about. If you are going to provide advice then please do it in a way that others can understand and learn from. Screen shots are the best way.
  • #4,090
  • Jul 2, 2019 2:57am Jul 2, 2019 2:57am
Quoting robots4me
Updated version of the @bishopdotun indicator -- R4M-BD-ADR.ex4 I've just now uploaded a new version of the R4M-BD-ADR.ex4 to 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. The main improvement for this version is performance...
Thank you R4M... so cool.
  • #4,091
  • Jul 2, 2019 3:00am Jul 2, 2019 3:00am
Quoting robots4me
{quote} @parisboy -- nice to hear from you. Does this mean, heaven forbid, that @bishopdotun's strategy has your stamp of approval?

I have nothing special to say on EA because I am not a coder.

As for strategy I see a cluster of entries - at the same level. I just use one entry even if a lateone
  • #4,092
  • Jul 2, 2019 3:03am Jul 2, 2019 3:03am
Hi R4M.

Thanks for the latest R4M-BD-ADR indicator, I have noticed that if I load the indicator onto just one chart with the "Require TradeManagerEA" = False then everything is OK no Alerts, but when I load it onto another chart with the same settings I get an Alert saying "ATTENTION: TradeManagerEA is NOT running and my speakers start crackling
Some people say I'm lucky, but the more I practice the luckier I get
  • #4,093
  • Jul 2, 2019 3:07am Jul 2, 2019 3:07am
Quoting parisboy
{quote} I have nothing special to say on EA because I am not a coder. As for strategy I see a cluster of entries - at the same level. I just use one entry even if a lateone

To everyone -- I think, though I'm not sure -- this is how the French give two thumbs up to the strategy...

@bishodotun -- congratulations. This is one of the best pat on the backs you'll receive.
  • #4,094
  • Jul 2, 2019 3:14am Jul 2, 2019 3:14am
Quoting Robot Trader
Hi R4M. Thanks for the latest R4M-BD-ADR indicator, I have noticed that if I load the indicator onto just one chart with the "Require TradeManagerEA" = False then everything is OK now Alerts, but when I load it onto another chart with the same settings I get an Alert saying "ATTENTION: TradeManagerEA is NOT running and my speakers start crackling
Quote
ATTENTION: TradeManagerEA is NOT running
@Robot Trader -- this is a clue. I wrote about this proxy EA a few posts back.

R4M-BD-ADR is an indicator. MT4 does not support trading from an indicator. However, if you have a "proxy EA" running, then an indicator can send trade requests to the proxy EA via MT4's Event mechanism. The proxy EA can execute trade requests on behalf of the indicator. With this type of design the visual marks on the indicator correspond exactly with the trade requests.

If you enable "Trading" on the indicator then the TraderManagerEA (the proxy EA) must be attached to a chart of its own -- any symbol / TF will do. You can then use the buttons on the indicator to BUY | SELL | CLOSE trades.

This is intended to make it easier for manual trading.
  • #4,095
  • Jul 2, 2019 3:23am Jul 2, 2019 3:23am
Quoting robots4me
{quote} {quote} @Robot Trader -- this is a clue. I wrote about this proxy EA a few posts back. R4M-BD-ADR is an indicator. MT4 does not support trading from an indicator. However, if you have a "proxy EA" running, then an indicator can send trade requests to the proxy EA via MT4's Event mechanism. The proxy EA can execute trade requests on behalf of the indicator. With this type of design the visual marks on the indicator correspond exactly with the trade requests. If you enable "Trading" on the indicator then the TraderManagerEA (the proxy EA)...
Hi R4M,

Yes I did read your earlier post about the Trade Manager EA, but I thought if the indicator was set to False (not True) it would just work like a normal indicator and not look for the EA.

So can you please tell me what the True and False mean if they do not stop the indicator talking to the EA
Some people say I'm lucky, but the more I practice the luckier I get
  • #4,096
  • Jul 2, 2019 3:27am Jul 2, 2019 3:27am
Quoting robots4me
{quote} To everyone -- I think, though I'm not sure -- this is how the French give two thumbs up to the strategy... @bishodotun -- congratulations. This is one of the best pat on the backs you'll receive.
Let's go to the basics

Bishopdotun strategy just confirms a very simple fact :

The division by 8 of the TimeFrame Price Range is KEY for underlining Support and Resistance

Incidentally it is simple to operate and not CPU intensive !

Fact is this "strategy" is de facto used by TradingView for its "scaling" system.

TradingView, I checked it on multiple TimeFrames and various financial entities, use an "algorithm" or "rules" which identifies for a TimeFrame X the Low and and the Top of Price Action and determine the closest Price Range possible relatively to the price interval assigned to the entity.

What you do is great for simulations. Computer are great for simulations .Chosen Strategies are always SIMPLE even simplistic.

IMHO A key point to "optmize " a strategy is to optimize the Stop Losses.
  • #4,097
  • Jul 2, 2019 3:31am Jul 2, 2019 3:31am
Quoting Robot Trader
{quote} Hi R4M, Yes I did read your earlier post about the Trade Manager EA, but I thought if the indicator was set to False (not True) it would just work like a normal indicator and not look for the EA. So can you please tell me what the True and False mean if they do not stop the indicator talking to the EA
Hello @Robot Trader -- correct -- when the setting is 'False' then it will not attempt to send requests to the proxy EA and should work as before.

The button in the lower-right simply toggles that setting 'True' or 'False'. Red means 'False'. Green means 'True'. When it is Green it will look for the proxy EA. When it is Red it will not look for the proxy EA. The button relieves you (and me) from having to Edit the settings.
  • #4,098
  • Jul 2, 2019 3:32am Jul 2, 2019 3:32am
Quoting Robot Trader
{quote} Hi R4M, Yes I did read your earlier post about the Trade Manager EA, but I thought if the indicator was set to False (not True) it would just work like a normal indicator and not look for the EA. So can you please tell me what the True and False mean if they do not stop the indicator talking to the EA
______

Strange I don't have this issue at all...

PC
Less is more...
  • #4,099
  • Jul 2, 2019 3:36am Jul 2, 2019 3:36am
Quoting robots4me
{quote} @parisboy -- nice to hear from you. Does this mean, heaven forbid, that @bishopdotun's strategy has your stamp of approval?

Moreover Bishopdotun chart underlines some concepts you should pay some attention :

- Return to the Mean (Center of Gravity)
- Sine Waves



PS Notice that, as it is very often the case , the green area above the Center of Gravity and the red area under the Center of Gravity cancelled out themselves
Attached Image (click to enlarge)
Click to Enlarge Name: BISHOP SINEWAVES AND RETURN TO THE MEAN.png Size: 3.1 MB
  • #4,100
  • Jul 2, 2019 3:39am Jul 2, 2019 3:39am
Quoting parisboy
{quote} Let's go to the basics Bishopdotun strategy just confirms a very simple fact : The division by 8 of the TimeFrame Price Range is KEY for underlining Support and Resistance Incidentally it is simple to operate and not CPU intensive ! Fact is this "strategy" is de facto used by TradingView for its "scaling" system. TradingView, I checked it on multiple TimeFrames and various financial entities, use an "algorithm" or "rules" which identifies for a TimeFrame X the Low and and the Top of Price Action and determine the closest Price Range...
@parisboy -- thanks for your insight...

Quote
IMHO A key point to "optmize " a strategy is to optimize the Stop Losses.
Yes -- I think most of us would agree. And we need to get the EA up and running and the initial rules executing correctly. So, we start simple. And, then, slowly, slowly refine and improve the system. When one attempts to build-in all the complexity in v1 then it rarely works. And good luck trying to debug something. So, the goal is to get a stable reference system / strategy that works okay and then add additional rules and policies to improve performance and/or adapt to personal preference. Some people prefer to trade aggressively, others more conservatively. I know you prefer the aggressive approach -- all the money on one roll of the dice, right?
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