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The Volume Detective 411 replies

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

  • #4,261
  • Jul 3, 2019 11:22am Jul 3, 2019 11:22am
Quoting anhthu049
Is this variation? The price has straightened down ADR 800pips, while the distance between ADR and Center line: 1000 pips. The possibility of losing capital due to no stop loss. Result: loss of $ 10 for 3 days of testing. A sad, unexpected result! {image} {image}
If the loss of $10 hurts this much, then you shouldn’t be trading this strategy. This method requires deep pocket because you will get into DD. Please stop and keep your money safe.

This method is not a crystal ball. This method isn’t about accuracy or precision. This method is not about getting the entry point perfect to the pip.

If that’s what you are looking for, I am sure there are many other threads that offer that. Look out for them.
  • #4,262
  • Jul 3, 2019 11:39am Jul 3, 2019 11:39am
Quoting robots4me
{quote} @bishdotun -- that one did look promising -- however, it repaints. So, I'm not sure about using it for real-time trading. But, sure, give it a try. EDIT: For SpikeHunter I was using a momentum-type indicator that is a combination of @Nih98's FX RSI indicator plus a Stochastic Oscillator indicator. Perhaps I'll create a stand-alone version that you can attach to a subwindow to see whether or not it complements the BD indicator.
I suggest you spend the time working on the dashboard or something else. Or you may relax.

You have done a lot already. For now, I want to digest and test the limits of R4M-BD-ADR.

I have a question though. Is it possible to store global variable for the signals being printed? Then we can make a tool that can log all the signals printed for a pair and we can view it later in hindsight to track how the bands moved and the frequency of the movements.

I haven’t seen any significant repainting yet but may be it’s me that haven’t looked closely enough. Even though the bands move slightly, the signal zone remains the same. But it’s still good to confirm it graphically.
  • #4,263
  • Jul 3, 2019 12:13pm Jul 3, 2019 12:13pm
Quoting bishopdotun
{quote} I suggest you spend the time working on the dashboard or something else. Or you may relax. You have done a lot already. For now, I want to digest and test the limits of R4M-BD-ADR. I have a question though. Is it possible to store global variable for the signals being printed? Then we can make a tool that can log all the signals printed for a pair and we can view it later in hindsight to track how the bands moved and the frequency of the movements. I haven’t seen any significant repainting yet but may be it’s me that haven’t looked closely...
Quote
Is it possible to store global variable for the signals being printed?
@bishopdotun -- rather than storing data as global variables -- which would get lost if you were to exit MT4 -- I could instead log that to a file. And then create a separate tool that reads the logged data files and graphically displays the data -- something like that. Just to be clear -- is this about tracking the effect of repainting?

With regards to @nigpig's indicator -- I just tried using it myself and discovered it can't be used above H1 -- it is missing ATR settings for the higher TF's. I'm contacting @nigpig to see if that is something he could add. I don't recall why there would be a limitation.
  • #4,264
  • Jul 3, 2019 12:22pm Jul 3, 2019 12:22pm
Quoting ppsev
Hello everyone. How or where I can download the indicators system?
@ppsev -- always, always check post #1.
  • #4,265
  • Jul 3, 2019 12:44pm Jul 3, 2019 12:44pm
Hello Steve/bishopdotun.

I am not sure if I am the only person that has noticed it but the arrow on the latest version of the BD indicator repaints with every new candle. The previous version didnt repaint like this, not sure if I am missing something.

In any case, like @bishopdotun mentioned, I think HTF is safer.

Cheers
  • #4,266
  • Jul 3, 2019 12:52pm Jul 3, 2019 12:52pm
Quoting larryxx
Hello Steve/bishopdotun. I am not sure if I am the only person that has noticed it but the arrow on the latest version of the BD indicator repaints with every new candle. The previous version didnt repaint like this, not sure if I am missing something. In any case, like @bishopdotun mentioned, I think HTF is safer. Cheers
I believe the arrow is just indicating that the current candle is still above/below the band, so if the following the candle is also above/below the band the arrow shall remain.
  • #4,267
  • Jul 3, 2019 12:58pm Jul 3, 2019 12:58pm
Quoting larryxx
Hello Steve/bishopdotun. I am not sure if I am the only person that has noticed it but the arrow on the latest version of the BD indicator repaints with every new candle. The previous version didnt repaint like this, not sure if I am missing something. In any case, like @bishopdotun mentioned, I think HTF is safer. Cheers
Note: The arrow is not telling you to pull the trigger. The arrow is only showing the direction in which you will look to trade.

The decision to pull the trigger is now yours. The arrow will show after the previous candle has closed below or above the outer bands. This is the point where we believe price has been stretched and price elasticity shows that it will find its way back to equilibrium. Unfortunately we don’t know when. That’s why you need to thread carefully when loading trades.

Based on my observations, it is best to wait till end of day (close of US session). During the US session there is huge volume and ideally all the major moves would have happened.

So, the arrow just tells you it is time to start looking for opportunities of joining the train back to price equilibrium.
  • #4,268
  • Jul 3, 2019 1:17pm Jul 3, 2019 1:17pm
Quoting larryxx
Hello Steve/bishopdotun. I am not sure if I am the only person that has noticed it but the arrow on the latest version of the BD indicator repaints with every new candle. The previous version didnt repaint like this, not sure if I am missing something. In any case, like @bishopdotun mentioned, I think HTF is safer. Cheers
@larryxx -- good question -- I figured it would come up.

I think what you just described is by design. According to @bishopdotun's original description he requested an Arrow be displayed only when there is a signal on the current bar. But often times there are several consecutive bars that meet the signal condition. So, with each of them an Arrow appears when they are the current bar.

From a user's perspective, it looks like the Arrow is repainting but, actually, it's just being passed along to the next bar which also meets the signal condition. Sort of like how a baton is passed to the next runner in a relay race.
  • #4,269
  • Jul 3, 2019 1:42pm Jul 3, 2019 1:42pm
Hello R4M,
I'm one of those invisibles quietly following in the background.
I threw your latest BD indicator on some offline charts (tick, range, brick-a-brac, etc), other than not showing the sweetspot goldlines it seems to be offline chart friendly.
Anyway, if this post is irrelevant I'll delete it.
Thanks for what you do here, also thanks to Bishop, Nih, Paris, and anyone else I forgot.

Happy Fourth!!
Rich
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  • #4,270
  • Jul 3, 2019 1:45pm Jul 3, 2019 1:45pm
Quoting bishopdotun
Trades in progress Going forward, all my trades will have to pass through the filter: R4M-Nigpig-Tmaslope. In real time, it does provide good slope direction. All live trades: {image} {image} {image} {image} {image} {image} {image}
@bishopdotun -- as long as you are in the filtering mood, then also consider taking a look at the R4M-MomentumFilter indicator. It's a combination of the FX RSI and Stochastic momentum indicators. I think it is more precise than R4M-Nigpig-Tmaslope. It uses dots just like the BD indicator and, so, if dots align then that means the reversal signal matches with the new momentum.

The R4M-MomentumFilter has the added "benefit" that since it uses dots then it tends to "thin-out" sections where there are many continuous signals.

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Take a look at the purple dots around the middle of the screen -- perhaps 1/3 line up with the momentum filer.

And then take a look at the purple dots toward the left -- 3/4 do NOT line up with the momentum filter -- perhaps suggesting they be considered as "false positives".

The more I experiment the more I'm tending to favor the D1 time frame. I think false positives are less of an issue in D1.
  • #4,271
  • Jul 3, 2019 1:52pm Jul 3, 2019 1:52pm
Quoting RichC
Hello R4M, I'm one of those invisibles quietly following in the background. I threw your latest BD indicator on some offline charts (tick, range, brick-a-brac, etc), other than not showing the sweetspot goldlines it seems to be offline chart friendly. Anyway, if this post is irrelevant I'll delete it. Thanks for what you do here, also thanks to Bishop, Nih, Paris, and anyone else I forgot. Happy Fourth!! Rich {image}
Hello @RichC -- ooooohhhh -- Renko bars -- I like that!!! Thanks very much for testing offline charts and letting us know. Even though I don't use offline charts, knowing the indicator is sufficiently robust to continue working in that scenario is encouraging.

I have used Renko bars in the past but could never come to a conclusion one way or another whether they suited me. Also, those offline charts are horrible at chewing-up CPU time slices.
  • #4,272
  • Edited 3:58pm Jul 3, 2019 3:44pm | Edited 3:58pm
At the risk of jumping the gun, I decided to share some preliminary results from the EA adaptation of the BD indicator. Things continue to look very promising. Below are back testing results for EURUSD-D1, EURCAD-D1 and AUDCAD-D1. I sort of cherry-picked results, but thought these 3 were fairly representative.

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Some additional comments / points of interest:

* These are very, very, very, very preliminary results. Please don't make suggestions about making improvements -- we aren't there yet. The current status of the EA is proof-of-concept -- it can open and close trades -- that's all.

* The WinRatio is high -- greater than 70%.

* The WinRatio is extremely sensitive to StopLoss and TakeProfit -- in fact, I can get the WinRatio even higher, but the overall profit then goes down. The important point here is that this means the strategy makes good Entries. It's the Exits that will probably lead to better performance.

* I rely on the Profit Factor metric -- and this looks good. Again, confirmation that the strategy is "robust".

* That the strategy works across multiple pairs without recalibration is another sign of "robustness".

==================================================================

I will release a pre-pre-pre- Beta version of the EA either later this evening or tomorrow.

What I have learned the past few days is that we really should be focusing on D1. It is nice to see that the BD indicator works at other time frames -- and that's good to know. But at this point further testing on time frames other than D1 hold little value for me. Moving forward the plan should be to see how far we can go with trading the EA on D1 -- and that includes StopLoss, TakeProfit, money management, whatever. And only after we have D1 working well then we can down-shift to H4, and then H1, and so on. I realize now that seeing people test at different time frames, though interesting, doesn't move us forward.

Of course -- for you own trading I would say go for it -- if you want to use M15 or H1 that's fine. Just don't ask for improvements or modifications for any time frames other than D1 (at this point).


EDIT: Regarding D1 -- personally I don't trade D1 because there are few trading opportunities and I like to trade. However, I think it's understood the intention here is to trade multiple pairs -- e.g. 28 pairs. So, even though a particular pair won't trade that often, since the BD strategy seems to work well across most (or even, all) pairs then the way we increase trading opportunities is by trading more pairs, rather than going down to lower time frames.
  • #4,273
  • Jul 3, 2019 3:56pm Jul 3, 2019 3:56pm
Quoting bishopdotun
{quote} I suggest you spend time reading the previous posts about setting stop loss and trade management. This isn't child's play or some crystal ball to read where price will return. Extend your chart to a daily chart and look how far price can travel from the band before returning. Determine if you can handle the DD. If you cant, move on to other strategies.
Thank you for the comments. I always determined Learning is a continuous and long process; Failure is the mother of success. I will continue to test BD, expand according to D1 to see the price movement and on the demo account. We hope you continue to participate, spread the fire to this useful topic!
  • #4,274
  • Jul 3, 2019 4:17pm Jul 3, 2019 4:17pm
I switched over the track on D1 frame. There are 16 pairs waiting for me and you guys to analyze and test! Thanks BD, R4M has continued to perfect this great topic
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  • #4,275
  • Jul 3, 2019 4:47pm Jul 3, 2019 4:47pm
Quoting robots4me
At the risk of jumping the gun, I decided to share some preliminary results from the EA adaptation of the BD indicator. Things continue to look very promising. Below are back testing results for EURUSD-D1, EURCAD-D1 and AUDCAD-D1. I sort of cherry-picked results, but thought these 3 were fairly representative. {image} {image} {image} Some additional comments / points of interest: * These are very, very, very, very preliminary results. Please don't make suggestions about making improvements -- we aren't there yet. The current status of the EA is...

Wow.....wow......

Interesting.
  • #4,276
  • Jul 3, 2019 4:59pm Jul 3, 2019 4:59pm
Quoting YoungET
I don't know if anyone else has scrolled through past data, but it seems to be a common theme that any BD signals on a Friday are best not entered until you see where the ADR bands are placed the following Monday. As it can often trap you in a trade, to then continue in the undesired direction if the bands continue their prior move. I.E : {image} But that's just my observation. Well, you still have the ability to make some pips on these entries, but I've come to find the midline will usually be above the current price, therefore, the initial first...
I've solved this problem. very picky.
  • #4,277
  • Jul 3, 2019 5:47pm Jul 3, 2019 5:47pm
Quoting spae11
{quote} I've solved this problem. very picky.
What information are you trying to pass on exactly? Can't say I follow.
  • #4,278
  • Jul 3, 2019 6:10pm Jul 3, 2019 6:10pm
Quoting YoungET
{quote} What information are you trying to pass on exactly? Can't say I follow.
You can see that the sales signals are repeatedly displayed in the photos you've uploaded, which can confuse people or trap them I've found a region where the signals can direct the entry right away
  • #4,279
  • Jul 3, 2019 6:26pm Jul 3, 2019 6:26pm
Quoting spae11
{quote} You can see that the sales signals are repeatedly displayed in the photos you've uploaded, which can confuse people or trap them I've found a region where the signals can direct the entry right away
I'm not sure you completely understood what it was I was explaining with those screenshots. None the less, I'm glad you've done your own due diligence and come up with something
  • #4,280
  • Jul 3, 2019 7:07pm Jul 3, 2019 7:07pm
May i say thanks... Great effort from the OP. There are some really amazing stuffs here.
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