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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

  • #4,381
  • Jul 5, 2019 7:03am Jul 5, 2019 7:03am
Confirming exit signals working

EURNZD AUDUSD
Attached Images
Less is more...
  • #4,382
  • Jul 5, 2019 7:34am Jul 5, 2019 7:34am
Playing a bit around with multiple entries...sum/steplot sizing would be nice in a later version..

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I never lose - either I win or I learn...
  • #4,383
  • Jul 5, 2019 8:01am Jul 5, 2019 8:01am
@R4M:

Error
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  • #4,384
  • Jul 5, 2019 9:31am Jul 5, 2019 9:31am
Quoting pipcruiser
Confirming exit signals working EURNZD AUDUSD {image} {image}
Yes indeed, I also exited EN for big gains.
  • #4,385
  • Jul 5, 2019 10:38am Jul 5, 2019 10:38am
After doing further research and watching how the indicator behaves, it appears the repainting factor is more extreme than I anticipated & even though it may get the reversal area somewhat correct, if you're taking profit at the midline, price may not even touch that midline, therefore, your target won't be hit, but as the weeks go by the midline will move and it will then show that price hit it despite during live trading it was nowhere near.

Personally, I am not much a fan of indicators which repaint at such a rate and it has no place within my trading. None the less, I wish you all the best in progressing it and wish you all many pips!
  • #4,386
  • Jul 5, 2019 10:43am Jul 5, 2019 10:43am
Quoting Hajdi
Yes tried all options.{image}
@Hajdi -- could you share a screen shot of your Market Watch window. How many symbols are displayed?
  • #4,387
  • Jul 5, 2019 11:26am Jul 5, 2019 11:26am
Quoting bishopdotun
@R4M: Error {image}
@bishopdotun -- that was one of my protections for "newbies". I didn't realize you were such a big spender...

I will remove that limitation.
  • #4,388
  • Jul 5, 2019 11:30am Jul 5, 2019 11:30am
Quoting pipcruiser
@R4M Would it be possible to have a BD indicator version with : Pop-up Alerts: False Push Alert : True Reason for this request is, that my bloody MT4 freezes when the pop-up alerts are being processed. Thanks PC {image}
@pipcruiser -- yes -- I can make Alerts more configurable. And I want to get the Alerts issue working properly. Do you think the freezing is due to the number of charts you have open?
  • #4,389
  • Jul 5, 2019 11:32am Jul 5, 2019 11:32am
Quoting pipcruiser
Confirming exit signals working EURNZD AUDUSD {image} {image}
@pipcruiser -- looks beautiful. Thanks for confirming and letting us know.
  • #4,390
  • Jul 5, 2019 11:34am Jul 5, 2019 11:34am
Quoting jdva
Playing a bit around with multiple entries...sum/steplot sizing would be nice in a later version.. {image}
@jdva -- yes -- agreed. And money management options will gradually be incorporated into the trading EA.
  • #4,391
  • Jul 5, 2019 11:48am Jul 5, 2019 11:48am
Quoting YoungET
After doing further research and watching how the indicator behaves, it appears the repainting factor is more extreme than I anticipated & even though it may get the reversal area somewhat correct, if you're taking profit at the midline, price may not even touch that midline, therefore, your target won't be hit, but as the weeks go by the midline will move and it will then show that price hit it despite during live trading it was nowhere near. Personally, I am not much a fan of indicators which repaint at such a rate and it has no place within my...
@YoungET -- wait, not so fast.

There is nothing magical about the midline -- it is just some number. It's not the number that is important but, rather the logic. No doubt that after an extreme perturbation then price returns to a fair value -- the midline is our primitive way of representing fair value. Are you questioning whether price returns to an equilibrium after stretching to an extreme?

If you trade using D1 then repainting is not a factor because the strategy is based on ADR. The repainting you see when you back test is an artifact of graphing historical data. Yes -- as more recent data arrives then bands will shift -- but that's just the UI. When trading in real-time the signals are quite good. Repainting does not occur in real-time -- it is an artifact of charts being updated with more recent data. Also, repainting is not continuous -- it is not always repainting.

I've written numerous times that I am not a fan of repainting indicators -- however, since using the BD strategy at D1 I have softened that view.

Also, I will be incorporating a momentum filter which does NOT repaint. This might also mitigate repainting issues.

@YoungET -- think about it. I'm 3x your age. You're too young to be carving concepts in stone.

And, of course, whatever you decide it's been a pleasure having you share feedback. Thanks...
  • #4,392
  • Jul 5, 2019 12:46pm Jul 5, 2019 12:46pm
Quoting robots4me
{quote} @YoungET -- wait, not so fast. There is nothing magical about the midline -- it is just some number. It's not the number that is important but, rather the logic. No doubt that after an extreme perturbation then price returns to a fair value -- the midline is our primitive way of representing fair value. Are you questioning whether price returns to an equilibrium after stretching to an extreme? If you trade using D1 then repainting is not a factor because the strategy is based on ADR. The repainting you see when you back test is an artifact...
You need the filter for LTF. Unfortunately, no matter how much you filter, you can’t hold down price. As more ticks come in, the bands may shift. However, once it’s on a daily, the impact of the shift is limited.

I avoid LTF like a disease. Wait for daily to close and shoot the trade. Repeat that everyday for each signal. You will be glad you did.

On taking profit at the midline: You don’t have to wait. If price is crawling, take what you have and run. There are more opportunities to make bank my friend.

This week was awesome. Next week will be great.

Ciao.
  • #4,393
  • Jul 5, 2019 12:54pm Jul 5, 2019 12:54pm
@robots4me

Could you possibly amend the next dashboard EA with some options to put all of the currencies into multiple columns?

Unless I'm missing a shortcut key to scroll? I cant see all of them at my highest resolution, see pic.

Loving the work so far by the way, will also post trades after they close.

Thanks
B
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  • #4,394
  • Jul 5, 2019 1:17pm Jul 5, 2019 1:17pm
Quoting Brinet16
@robots4me Could you possibly amend the next dashboard EA with some options to put all of the currencies into multiple columns? Unless I'm missing a shortcut key to scroll? I cant see all of them at my highest resolution, see pic. Loving the work so far by the way, will also post trades after they close. Thanks B {image}
@Brinet16 -- thanks for the good word.

Everything in life comes down to trade-offs -- there is not enough horizontal real estate. I plan on adding additional columns for other metrics.

The dashboard EA was intended as a glorified Alert -- i.e. at a single glance one could get an idea of which pairs to take a closer look at. Also, we've been talking about supporting 28 pairs (not 300). I think a typical chart might be able to accommodate up to 40 using my current layout.

You're not missing anything -- MT4 charts do not support vertical scrolling.
  • #4,395
  • Jul 5, 2019 1:20pm Jul 5, 2019 1:20pm
getting the error as well.
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  • #4,396
  • Jul 5, 2019 2:07pm Jul 5, 2019 2:07pm
Hi Robots4me

It was my foult I have put indi in sub directory of main indicators with your name on it and thats why EA did not work.
Now I have it in the main indicators directory and EA is functioning just perfect.

Thank you and others for awsome work, and I am sorry to waist your time with my problem.

Best regards and many, many green pips !!!
  • #4,397
  • Jul 5, 2019 2:10pm Jul 5, 2019 2:10pm
Quoting alblive
getting the error as well. {image}
@alblive -- thanks for the report. Since this seems to be a reoccurring error I'll look into it more closely and hopefully have a fix in the next day or so. Just to be clear -- if it turns out to be a bug at my end it would be the first one ever -- trust me...
  • #4,398
  • Jul 5, 2019 3:48pm Jul 5, 2019 3:48pm
I'm updating R4M-BD-ADR-DashboardEA to include a momentum indicator -- actually, the same algorithm in R4M-MomentumFilter that is a combination of @Nih98's FX RSI indicator plus Stochastic Oscillator. The dashboard EA is not ready yet -- I want to test it a bit more. However, I thought I would share a few screen shots because I think it works really well.

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In the screen shot above I've highlighted AUGSGD-D1 and EURAUD-D1. AUGSGD-D1 suggests a BD SELL signal, and a matching Bearish momentum. EURAUD-D1 suggests a BD BUY signal, and a matching Bullish momentum. So, let's take a closer look:

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Click to Enlarge Name: AUDSGD-BD-plus-Momentum.png Size: 58 KB


The chart above is AUDSGD-D1 and you can see the BD SELL signal and Bearish momentum match.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD-BD-plus-Momentum.png Size: 56 KB


The chart above is EURADU-D1 and you can see the BD BUY signal and Bullish momentum match.
  • #4,399
  • Jul 5, 2019 5:39pm Jul 5, 2019 5:39pm
There is a need for solutions and responses to these problems.
There is a need for solutions and responses to these problems.
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  • #4,400
  • Edited 6:54pm Jul 5, 2019 6:13pm | Edited 6:54pm
Quoting spae11
There is a need for solutions and responses to these problems. There is a need for solutions and responses to these problems. {image}
@spae11 -- could you please show the entire chart. What time frame are you using? If it is not D1 then I'm not interested.
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