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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

  • #5,301
  • Jul 29, 2019 11:30pm Jul 29, 2019 11:30pm
Quoting robots4me
{quote} 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...

I understand how the %ADR and the delta increase throughout the day. I was more confused on exactly at what moment the new filter would allow an entry signal to print. I just am missing some piece of the logic somehow.
  • #5,302
  • Jul 29, 2019 11:40pm Jul 29, 2019 11:40pm
Quoting robots4me
{quote} 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...
Hi R4M,

Yes that is confusing, because it sound like the D1 candle upon closing is not filling its own Cup.

Are you saying the Candle that just closed is not filling the average Cup of the look back period e.g. 20 Candle look back ADR = 100 pips Average Cup and the Candle that just closed was (example) 69 pips, so it was 1 pips short of giving a Trigger signal, based of the new filter being set at 70% minimum requirement?

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,303
  • Jul 29, 2019 11:50pm Jul 29, 2019 11:50pm
Quoting Robot Trader
{quote} Hi R4M, Yes that is confusing, because it sound like the D1 candle upon closing is not filling its own Cup. Are you saying the Candle that just closed is not filling the average Cup of the look back period e.g. 20 Candle look back ADR = 100 pips Average Cup and the Candle that just closed was (example) 69 pips, so it was 1 pips short of giving a Trigger signal, based of the new filter being set at 70% minimum requirement? Regards RT

If it works like that, both my candles far exceeded the 20day ADR 70%, but still no signal.
  • #5,304
  • Jul 29, 2019 11:50pm Jul 29, 2019 11:50pm
Quoting Robot Trader
{quote} Hi R4M, Yes that is confusing, because it sound like the D1 candle upon closing is not filling its own Cup. Are you saying the Candle that just closed is not filling the average Cup of the look back period e.g. 20 Candle look back ADR = 100 pips Average Cup and the Candle that just closed was (example) 69 pips, so it was 1 pips short of giving a Trigger signal, based of the new filter being set at 70% minimum requirement? Regards RT
@Robot Trader -- no.

Let's take @alblive's chart as an example.

According to the "Original Recipe" an Entry signal needs 2 candles. That big bullish candle closed above the band -- that alone does not qualify as a signal, no matter how big. If the following candle's Open tick is also above the band then you have all the makings of an Entry signal. So, again, an Entry signal requires:

1. The first candle CLOSING above the band.
2. The Open tick of the next candle also being above the band.

The Entry signal occurs at the Open tick.

Now, let's complicate things by adding a filter. In addition to the two requirements above, we need to satisfy the MinPercentAdrFilter. So, even though (1) and (2) have been satisfied, if the MinPercentAdrFilter is '70' then we have to wait until today's daily range is 70% of the ADR.
  • #5,305
  • Jul 29, 2019 11:51pm Jul 29, 2019 11:51pm
Quoting Robot Trader
{quote} Hi R4M, Yes that is confusing, because it sound like the D1 candle upon closing is not filling its own Cup. Are you saying the Candle that just closed is not filling the average Cup of the look back period e.g. 20 Candle look back ADR = 100 pips Average Cup and the Candle that just closed was (example) 69 pips, so it was 1 pips short of giving a Trigger signal, based of the new filter being set at 70% minimum requirement? Regards RT
Hi Robot Trader, this confusion is related to the posts I made on RBA thread last weekend. And the reason why I made those posts.

The visuals posted above seem to show that price has exceeded this 70% minimum requirement, the algo says no that's why there is no signal dot.
  • #5,306
  • Jul 29, 2019 11:59pm Jul 29, 2019 11:59pm
Quoting robots4me
{quote} @Robot Trader -- no. Let's take @alblive's chart as an example. According to the "Original Recipe" an Entry signal needs 2 candles. That big bullish candle closed above the band -- that alone does not qualify as a signal, no matter how big. If the following candle's Open tick is also above the band then you have all the makings of an Entry signal. So, again, an Entry signal requires: 1. The first candle CLOSING above the band. 2. The Open tick of the next candle also being above the band. The Entry signal occurs at the Open tick. Now, let's...
Hi RM4,

Based on your reply, is the trade triggered as soon as 70% is reached during the duration of the current Candle (assuming all other Trigger parameters are still met) or does it still need the current Candle to close?

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,307
  • Jul 30, 2019 12:02am Jul 30, 2019 12:02am
Quoting skyway
{quote} Hi Robot Trader, this confusion is related to the posts I made on RBA thread last weekend. And the reason why I made those posts. The visuals posted above seem to show that price has exceeded this 70% minimum requirement, the algo says no that's why there is no signal dot.
Hi Skyway,

It seems it may just be a requirement of the current Candle to reach 70% and nothing more complicated than that.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,308
  • Jul 30, 2019 12:03am Jul 30, 2019 12:03am
Quoting skyway
{quote} Hi Robot Trader, this confusion is related to the posts I made on RBA thread last weekend. And the reason why I made those posts. The visuals posted above seem to show that price has exceeded this 70% minimum requirement, the algo says no that's why there is no signal dot. I can demonstrate with the correct visual of the algo BUT I prefer not to, figure it out guys read my posts.

Quote
The visuals posted above seem to show that price has exceeded this 70% minimum requirement
@skyway -- no, the visuals do not show that. The visuals show a large candle. The large candle could stretch from Sydney to London -- it makes no difference. It's the Open tick of the next candle that would be the Entry. It takes 2 candles, not one.

The filter adds another condition -- the current candle (i.e. the one who's Open tick was above the band) -- must wait until the ADR cup is 70% full.

I know what you mean by "seem to show", but that's if you think a big candle alone could be an Entry signal. According to this strategy it is not. It's the Open tick of the following candle.
  • #5,309
  • Jul 30, 2019 12:05am Jul 30, 2019 12:05am
Quoting Robot Trader
{quote} Hi RM4, Based on your reply, is the trade triggered as soon as 70% is reached during the duration of the current Candle (assuming all other Trigger parameters are still met) or does it still need the current Candle to close? Regards RT
Quote
is the trade triggered as soon as 70% is reached during the duration of the current Candle
@Robot Trader -- good question. The answer is "yes". That's how a filter should work, right?
  • #5,310
  • Jul 30, 2019 12:06am Jul 30, 2019 12:06am
Quoting Robot Trader
{quote} Hi Skyway, It seems it may just be a requirement of the current Candle to reach 70% and nothing more complicated than that. Regards RT
Quote
It seems it may just be a requirement of the current Candle to reach 70% and nothing more complicated than that.
@Robot Trader -- "yes".
  • #5,311
  • Edited 12:27am Jul 30, 2019 12:09am | Edited 12:27am
Quoting robots4me
{quote} {quote} @Robot Trader -- good question. The answer is "yes". That's how a filter should work, right?
¿Then, why although GBPAUD/CAD/CHF/JPY/USD already have buys on the dashboard, the corresponding dots aren't printed on the charts by the indi?

EDIT: I'm sorry, my mistake. I wanted to say that with "MinPercentAdrCup" at 70, and with GBPAUD/CAD/CHF/JPY/USD's ADRs already above 70%, the signals aren't appearing dashboard/indi... So my correct question would be: Is it because all those candles actually need the previous ones to also have qualified as signals?
  • #5,312
  • Jul 30, 2019 12:10am Jul 30, 2019 12:10am
Quoting robots4me
{quote} {quote} @skyway -- no, the visuals do not show that. The visuals show a large candle. The large candle could stretch from Sydney to London -- it makes no difference. It's the Open tick of the next candle that would be the Entry. It takes 2 candles, not one. The filter adds another condition -- the current candle (i.e. the one who's Open tick was above the band) -- must wait until the ADR cup is 70% full. I know what you mean by "seem to show", but that's if you think a big candle alone could be an Entry signal. According to this strategy...

so the closing of the current candle on this chart should print an entry signal?
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  • #5,313
  • Jul 30, 2019 12:14am Jul 30, 2019 12:14am
Quoting alblive
{quote} so the closing of the current candle on this chart should print an entry signal? {image}
But that would contradict this:
Quoting Robot Trader
{quote} Hi RM4, Based on your reply, is the trade triggered as soon as 70% is reached during the duration of the current Candle (assuming all other Trigger parameters are still met) or does it still need the current Candle to close? Regards RT
Quoting robots4me
{quote} {quote} @Robot Trader -- good question. The answer is "yes". That's how a filter should work, right?
Quoting Robot Trader
{quote} Hi Skyway, It seems it may just be a requirement of the current Candle to reach 70% and nothing more complicated than that. Regards RT
Quoting robots4me
{quote} {quote} @Robot Trader -- "yes".
  • #5,314
  • Edited 1:39am Jul 30, 2019 12:15am | Edited 1:39am
Quoting Robot Trader
{quote} Hi Skyway, It seems it may just be a requirement of the current Candle to reach 70% and nothing more complicated than that. Regards RT
Hi Robot Trader, r4m post gives the complete answer, that's how he sets up the algo.
https://www.forexfactory.com/showthread.php?p=12410244#post12410244

Just that the interpretation of the algo cause this confusion.
  • #5,315
  • Jul 30, 2019 12:15am Jul 30, 2019 12:15am
Quoting alblive
{quote} so the closing of the current candle on this chart should print an entry signal? {image}
It sounds more like an EA filter because the Trade would get triggered intrabar exactly when 70% was reached when the Candle is closed you are at 100%, so not a signal for manual trading
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,316
  • Jul 30, 2019 12:19am Jul 30, 2019 12:19am
Quoting Robot Trader
{quote} It sound more like an EA filter because the Trade would get triggered intrabar exactly when 70% was reached when the Candle is closed you are at 100%, so not a signal for manual trading

this was my original thought, but because the indicator signals usually match what the EA would follow, it made no sense to me.
  • #5,317
  • Jul 30, 2019 12:20am Jul 30, 2019 12:20am
Quoting Viktory
{quote} ¿Then, why although GBPAUD/CAD/CHF/JPY/USD already have buys on the dashboard, the corresponding dots aren't printed on the charts by the indi?
@Viktory -- everyone's using the same time frame and settings?

Could you post screen shots. I've used the dashboard quite a bit and I often check against the indicator and I see the expected results.
  • #5,318
  • Jul 30, 2019 12:24am Jul 30, 2019 12:24am
Quoting Robot Trader
{quote} It sound more like an EA filter because the Trade would get triggered intrabar exactly when 70% was reached when the Candle is closed you are at 100%, so not a signal for manual trading
Quote
It sound more like an EA filter because the Trade would get triggered intrabar exactly when 70% was reached when the Candle is closed you are at 100%, so not a signal for manual trading

@Robot Trader -- no.

The EAs get their signal from the indicator using the iCustom API. The EAs do not contain any strategy logic. With each tick they query the indicator whether or not there is an Entry signal. If the indicator says 'No' then the EA waits for the next tick and asks again. If the indicator says 'Yes' then the EA opens a trade.

All the logic -- and the filter is part of the logic -- is embedded in the indicator.
  • #5,319
  • Edited 12:37am Jul 30, 2019 12:26am | Edited 12:37am
Quoting robots4me
{quote} @Viktory -- everyone's using the same time frame and settings? Could you post screen shots. I've used the dashboard quite a bit and I often check against the indicator and I see the expected results.
I'm sorry, my mistake. I wanted to say that with "MinPercentAdrCup" at 70, and GBPAUD/CAD/CHF/JPY/USD's ADRs already above 70%, the signals aren't appearing on the dashboard/indi... So my correct question would be: Is it because all those candles actually need the previous ones to also have qualified as signals?

Also: Would it be possible that the entry trigger with "MinPercentAdrCup" could happen while each candle is still forming, independently of the previous one?
  • #5,320
  • Jul 30, 2019 12:30am Jul 30, 2019 12:30am
Quoting Robot Trader
{quote} It sounds more like an EA filter because the Trade would get triggered intrabar exactly when 70% was reached when the Candle is closed you are at 100%, so not a signal for manual trading
Quote
when the Candle is closed you are at 100%, so not a signal for manual trading

@Robot Trader -- I'll give you a "do-over" on that. Do you really want to stick with that statement -- when a candle closes it is at 100% ADR?
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