(binned per thread starter’s request) MM (Money Maker) Detective | Page 265 | 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

  • #5,281
  • Jul 29, 2019 8:08am Jul 29, 2019 8:08am
Quoting robots4me
..... You can think of the 'MinPercentAdrCup' setting as acting like a filter -- it adds an additional requirement that the ADR must be 70% full (the default value) before we even consider opening a reverse trade. Since 'MinPercentAdrCup' acts as a filter, that means there will be fewer trades. But the benefit is the probability of winning is higher. With the BD strategy we are all about quality over quantity. We compensate for lower quantity by trading 28 pairs. And for those LTF-lovers -- the 'MinPercentAdrCup' setting should also give a nice...
Just a reminder. MinPercentAdrCup filter works if your ADR% value is less than 70%. If you trade 10080-100-20 setting as in your picture, it is useless, IMO, because prerequisite for entry is poking above/below yellow lines which is already 100% ADR.

Regards,
Blackeagle
  • #5,282
  • Jul 29, 2019 8:48am Jul 29, 2019 8:48am
Quoting Blackeagle
{quote} Just a reminder. MinPercentAdrCup filter works if your ADR% value is less than 70%. If you trade 10080-100-20 setting as in your picture, it is useless, IMO, because prerequisite for entry is poking above/below yellow lines which is already 100% ADR. Regards, Blackeagle
Remember there are 5 days in a week? It simply means that should price keep falling, each day you pick only entries after the %ADR is fulfilled for the day.

If you understand this, you will retract your statement.
  • #5,283
  • Jul 29, 2019 9:40am Jul 29, 2019 9:40am
Quoting bishopdotun
{quote} Remember there are 5 days in a week? It simply means that should price keep falling, each day you pick only entries after the %ADR is fulfilled for the day. If you understand this, you will retract your statement.
Then my statement is true for Mondays only. If price closes above/below ADR line on Monday, then the rest of the week we are trading basically 70% ADR rule (unless one applies other filters like CC or fractals) should price keep moving in the same direction as Monday. Thanks for clarifying.

Regards,
Blackeagle
  • #5,284
  • Jul 29, 2019 11:41am Jul 29, 2019 11:41am
Quoting Sandovich
My EA on the live account is still being removed off the chart . Am I the only one getting this . Running Version 4 build 1170 Metatrader if that means anything . {image}
@Sandovich -- thanks for uploading a screen shot. I see a "zero divide" error in the log. So, this is a bug that causes the software to crash. This is my problem and I will fix it and upload a new version shortly.
  • #5,285
  • Jul 29, 2019 11:53am Jul 29, 2019 11:53am
Quoting Blackeagle
{quote} Just a reminder. MinPercentAdrCup filter works if your ADR% value is less than 70%. If you trade 10080-100-20 setting as in your picture, it is useless, IMO, because prerequisite for entry is poking above/below yellow lines which is already 100% ADR. Regards, Blackeagle
Quote
because prerequisite for entry is poking above/below yellow lines which is already 100% ADR

Hello @Blackeagle -- I anticipated this might be confusing. So, in my post #5256 (https://www.forexfactory.com/showthread.php?p=12407192#post12407192) screen shot #2 shows why your statement doesn't apply.

In chart #2 of post #5256 I had also attached the R4M-ADRIndi indicator to the chart so you could see the daily range for each day -- the white bands. If the daily range always hovered around the blue midline then, yes, your statement would be true. But as you can see, the daily range can ride above the midline or even above / below the yellow band.

So the 100% ADR for the band offsets and MinPercentAdrCup are almost mutually exclusive. The terminology is confusing because they both refer to a percentage and to ADR, but they are different.

Also, if you checkout the back test results from post #5256 you can see there is a significant difference between MinPercentAdrCup of '0' and MinPercentAdrCup of '70'.
  • #5,286
  • Jul 29, 2019 5:54pm Jul 29, 2019 5:54pm
Quoting Sandovich
My EA on the live account is still being removed off the chart . Am I the only one getting this . Running Version 4 build 1170 Metatrader if that means anything . {image}
BD Strategy Software update:

R4M-BD-ADR.ex4 -- this is indicator work horse. The EA's get their signals from the indicator.
R4M-BD-ADR-DashboardEA.ex4 -- dashboard EA for manual trading
R4M-BD-ADR-EA.ex4 -- single pair, auto-trading EA
R4M-ADR-AllPairs.ex4 -- multi-pair, auto-trading EA

I've uploaded new versions of the BD software -- one indicator and 3 Expert Advisors. This is now version "1.00.19210". The software 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 single *.zip file. Indicators must be installed under MT4's 'Indicators' folder and EAs must be installed under the 'Experts' folder. To avoid version skews, please make sure that all indicators and EAs come from the same *.zip file.

This version fixes a "divide-by-zero" bug reported by @Sandovich (https://www.forexfactory.com/showthread.php?p=12408586#post12408586). I've never encountered it but I see how it could happen. The EA (and indicator) frequently query the broker's server for information. However, if the broker's server fails to respond then the code assumes a value of '0' -- which is usually the right thing to do. Except if you later use it as the denominator in a calculation.
  • #5,287
  • Jul 29, 2019 6:15pm Jul 29, 2019 6:15pm
with the new minpercentadrcup setting, when is the signal supposed to trigger?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 62 KB
  • #5,288
  • Jul 29, 2019 6:23pm Jul 29, 2019 6:23pm
Quoting alblive
with the new minpercentadrcup setting, when is the signal trigger supposed to trigger? {image}

@alblive -- the 'MinPercentAdrCup' setting is a filter -- i.e. it is a condition that must be met. The Entry type determines when the signal actually occurs. For all Entry types the signal occurs on the first tick (i.e. Open tick) of the next bar -- assuming the price is still above / below the band.
  • #5,289
  • Jul 29, 2019 6:24pm Jul 29, 2019 6:24pm
Quoting robots4me
{quote} @alblive -- the 'MinPercentAdrCup' setting is a filter -- i.e. it is a condition that must be met. The Entry type determines when the signal actually occurs. For all Entry types the signal occurs on the first tick (i.e. Open tick) of the next bar -- assuming the price is still above / below the band.

so in my image a signal should have printed, no?
still above band...adrcup was full....
  • #5,290
  • Jul 29, 2019 7:33pm Jul 29, 2019 7:33pm
Quoting alblive
{quote} so in my image a signal should have printed, no? still above band...adrcup was full....
@alblive -- the ADR cup is only 4% full. Near the top, center of the chart do you see where it says the name of the indicator, Magic Number, Spread, etc. Below that it prints the current percent of the ADR cup -- it says 4%, and your current setting for MinPercentAdrCup is 70%. So the MinPercentAdrCup filter would cause the indicator to ignore that signal.
  • #5,291
  • Jul 29, 2019 7:41pm Jul 29, 2019 7:41pm
Quoting robots4me
{quote} @alblive -- the ADR cup is only 4% full. Near the top, center of the chart do you see where it says the name of the indicator, Magic Number, Spread, etc. Below that it prints the current percent of the ADR cup -- it says 4%, and your current setting for MinPercentAdrCup is 70%. So the MinPercentAdrCup filter would cause the indicator to ignore that signal.

i get that the new candle was at 4%, but the previous candle was well over that. I thought a signal would print based on that.
does the same candle being an exit have anything to do with that?
  • #5,292
  • Jul 29, 2019 7:47pm Jul 29, 2019 7:47pm
Bug report: Still zero-divide in live account. This is rba dashboard.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
  • #5,293
  • Jul 29, 2019 8:03pm Jul 29, 2019 8:03pm
Quoting alblive
{quote} i get that the new candle was at 4%, but the previous candle was well over that. I thought a signal would print based on that. does the same candle being an exit have anything to do with that?
@alblive -- the previous candle was the previous day. You are using a D1 chart. The current percent ADR will gradually increase during the current session (i.e. during the day).
  • #5,294
  • Edited 8:50pm Jul 29, 2019 8:18pm | Edited 8:50pm
Quoting robots4me
{quote} @alblive -- the previous candle was the previous day. You are using a D1 chart. The current percent ADR will gradually increase during the current session (i.e. during the day).

i understand all of that. I understand that each candle is a new day on the D1 chart.
I am lost as to when a signal will print with the new filter. The previous D1 bar was above yellow bands and ADRcup full. Does that not qualify for a signal to print? or do 2 candles in a row need to print?

edit: forgive me if this is obvious lol
edit2: i also noticed that previous entry signals aren't remaining on the chart unless they are more recent. Although the exit signals are remaining.
  • #5,295
  • Jul 29, 2019 10:54pm Jul 29, 2019 10:54pm
Quoting alblive
{quote} i understand all of that. I understand that each candle is a new day on the D1 chart. I am lost as to when a signal will print with the new filter. The previous D1 bar was above yellow bands and ADRcup full. Does that not qualify for a signal to print? or do 2 candles in a row need to print? edit: forgive me if this is obvious lol edit2: i also noticed that previous entry signals aren't remaining on the chart unless they are more recent. Although the exit signals are remaining.
Alblive: You need to read the thread. Also, you need to take your time and do some homework about this system. If everybody is asking newbie questions like you, we wont move forward.

Pls do some reading and studying.
  • #5,296
  • Jul 29, 2019 10:55pm Jul 29, 2019 10:55pm
Quoting alblive
{quote} i understand all of that. I understand that each candle is a new day on the D1 chart. I am lost as to when a signal will print with the new filter. The previous D1 bar was above yellow bands and ADRcup full. Does that not qualify for a signal to print? or do 2 candles in a row need to print? edit: forgive me if this is obvious lol edit2: i also noticed that previous entry signals aren't remaining on the chart unless they are more recent. Although the exit signals are remaining.
Quote
edit2: i also noticed that previous entry signals aren't remaining on the chart unless they are more recent. Although the exit signals are remaining.
That's by design. That is how @bishopdotun described the strategy.

Quote
I am lost as to when a signal will print with the new filter.
The filter does not affect when a signal will print. A signal will print as before -- if the filter condition is met.

Using the 'Original Recipe' as the Entry type let's suppose we have an entry signal -- that is, the previous bar closes above / below the band and the next bar's Open tick is also above / below the band. Should we print an Entry signal? Well, prior to the most recent release the answer would be 'yes'. But, wait, @robots4me added a filter -- i.e. an additional check. So, whereas before an Entry signal would have been printed there is one more check -- is the %ADR above the MinPercentAdrCup. If it is, then we do go ahead and print the Entry signal. But if it is not, then we ignore the Entry signal.
  • #5,297
  • Jul 29, 2019 11:02pm Jul 29, 2019 11:02pm
Quoting bishopdotun
{quote} Alblive: You need to read the thread. Also, you need to take your time and do some homework about this system. If everybody is asking newbie questions like you, we wont move forward. Pls do some reading and studying.

@bishopdotun i have been using the system perfectly fine before the filter was added. My brain just cant figure out the new filter or i am misinterpreting it. sorry for the noob questions but i didnt just wander in here today or not the read the thread, ive been here.

Quoting robots4me
{quote} {quote} That's by design. That is how @bishopdotun described the strategy. {quote} The filter does not affect when a signal will print. A signal will print as before -- if the filter condition is met. Using the 'Original Recipe' as the Entry type let's suppose we have an entry signal -- that is, the previous bar closes above / below the band and the next bar's Open tick is also above / below the band. Should we print an Entry signal? Well, prior to the most recent release the answer would be 'yes'. But, wait, @robots4me added a filter --...
@r4me i say again im sorry for the questions because i was perfectly using the system prior to this filter. So to my understanding, the percent adr will always reset back to zero whenever the new D1 candle prints. So due to that, how would the filter be able to pass 70% minimum setting if the candle is brand new? thats where it loses me.
edit: i understand all the settings prior to the filter.

also feel free to ignore me, ill keep watching the charts regardless until i figure it out. I don't want to cause any aggression as bishopdotun thinks im just spamming noob questions. I just honestly didn't get how i was confused about it either lol.
  • #5,298
  • Jul 29, 2019 11:11pm Jul 29, 2019 11:11pm
Quoting alblive
{quote} @bishopdotun i have been using the system perfectly fine before the filter was added. My brain just cant figure out the new filter or i am misinterpreting it. sorry for the noob questions but i didnt just wander in here today or not the read the thread, ive been here. {quote} @r4me i say again im sorry for the questions because i was perfectly using the system prior to this filter. So to my understanding, the percent adr will always reset back to zero whenever the new D1 candle prints. So due to that, how would the filter be able to pass...
Every new Candle starts from Zero and the new filter waits until it is 70% full, before allowing a new trade to open providing all other trigger conditions are met, does that help?
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,299
  • Jul 29, 2019 11:14pm Jul 29, 2019 11:14pm
Quoting Robot Trader
{quote} Every new Candle starts from Zero and the new filter waits until it is 70% full, before allowing a new trade to open providing all other trigger conditions are met, does that help?
im aware each new candle starts at zero.
before allowing(as in EA?)... so if i am trading manually I would just decide for myself if the adrcup is full, which is perfectly fine with me, i just thought a signal dot would appear either on a new candle based off the previous candle OR a signal would print when the current candle reaches 70%+
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 70 KB
  • #5,300
  • Jul 29, 2019 11:25pm Jul 29, 2019 11:25pm
Quoting alblive
{quote} @bishopdotun i have been using the system perfectly fine before the filter was added. My brain just cant figure out the new filter or i am misinterpreting it. sorry for the noob questions but i didnt just wander in here today or not the read the thread, ive been here. {quote} @r4me i say again im sorry for the questions because i was perfectly using the system prior to this filter. So to my understanding, the percent adr will always reset back to zero whenever the new D1 candle prints. So due to that, how would the filter be able to pass...
Hey @alblive -- you're fine. I understand the confusion. Part of the reason why your scenario is more confusing is because you are using a D1 chart. If you were using an M1 chart then you could see how the price action of the bars would cause the %ADR to increase during the day. But on a D1 chart there is only one bar so how do you see the %ADR increase? In the case of D1 you would have to focus on the delta (i.e. difference) between the High and Low wicks. The delta between the High and Low wicks would be your visual cue the daily range is growing throughout the day.

According to the algorithm the previous candle CLOSES above the bar and the next candle's OPEN tick is also above the bar. So, in your chart, the big bullish candle is not the signal. The next candle, which opens above the bar could be a signal -- but only when the %ADR reaches 70%. If you were to set the MinPercentAdrCup to '0' then when that next candle OPENED above the bar it should have triggered an Entry signal.
3 traders viewing now