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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

  • #5,601
  • Aug 6, 2019 9:40pm Aug 6, 2019 9:40pm
Quoting ferdinando
{quote} Hi R4ME, The beauty about this indicator is that the confirmations are computed in real time on that same signal bar and only takes seconds. Once the reversal conditions are not confirmed ,then the flashing arrow will not stay on the chart since no reversal took place. Kind Regards Ferdinando
@Ferdinando -- you still haven't answered my question. Do the markings repaint?

Quote
confirmations are computed in real time on that same signal bar and only takes seconds
This sounds like mumbo-jumbo. Computing in real-time on the same signal bar means what? All computations are performed in (near) real-time. And if that signal bar is delayed -- e.g. like a fractal -- then the computations are actually performed on past data. And that could be okay -- but I'm asking you to be more specific.

Look it -- it could be interesting. But I don't want to be the guy to have to spend time testing whether it repaints and what affect that has on trading decisions that are made in real-time at the current bar.
  • #5,602
  • Aug 6, 2019 9:45pm Aug 6, 2019 9:45pm
Quoting bishopdotun
{quote} You need only 3 minutes on strategy tester to realize that those indicator collections are simply abortion pills for your money and time. I can’t change your mind and I won’t.

Hi Bishop,

Fair enough,

We agree to disagree.

Kind Regards

Ferdinando
  • #5,603
  • Aug 6, 2019 10:05pm Aug 6, 2019 10:05pm
Quoting robots4me
{quote} @Ferdinando -- you still haven't answered my question. Do the markings repaint? {quote} This sounds like mumbo-jumbo. Computing in real-time on the same signal bar means what? All computations are performed in (near) real-time. And if that signal bar is delayed -- e.g. like a fractal -- then the computations are actually performed on past data. And that could be okay -- but I'm asking you to be more specific. Look it -- it could be interesting. But I don't want to be the guy to have to spend time testing whether it repaints and what affect...
Hi R4ME,

All I know is the Markings do not repaint. I have been trying to point out to you the process the indicator uses in confirming reversals, the process only takes seconds and once the process concludes, the markings do not repaint. I will ask Merka to spend some time testing whether it repaints to clear all doubts. As for real time trading decisions this indicator is as good as it gets'

If you feel that this is a distraction you can shelve this idea.
Kind Regards Ferdinand
  • #5,604
  • Aug 6, 2019 10:15pm Aug 6, 2019 10:15pm
Quoting ferdinando
{quote} Hi R4ME, All I know is the Markings do not repaint. I have been trying to point out to you the process the indicator uses in confirming reversals, the process only takes seconds and once the process concludes, the markings do not repaint. I will ask Merka to spend some time testing whether it repaints to clear all doubts. As for real time trading decisions this indicator is as good as it gets' If you feel that this is a distraction you can shelve this idea. Kind Regards Ferdinand
This is my last post on this topic of yours.

Have you tried them on strategy tester. If yes, you are either not being real or you don’t know what you are saying or you are too hard to accept you are wrong or you are playing mischief.

If you so much believe in them, why not start a new thread dedicated to the wonderful indicators you just found. Alternatively post 5 to 10 live trades (not after the fact) based on the signals that doesn’t repaint.

Ciao.
  • #5,605
  • Aug 6, 2019 10:20pm Aug 6, 2019 10:20pm
How do everyone treating fundamental aspects like now? (rate cut causing aud/nzd massive drop)
Now euro/aud and aud/chf already filled the adr cup (up to 150%), should we enter the market?
  • #5,606
  • Aug 6, 2019 10:25pm Aug 6, 2019 10:25pm
Quoting Merka
{quote} @Ferdinando Is your indicator static (when you have a signal it will not change anymore) or it recalculate etc...? Thanks
Hi Merka, The indicator markings are static and do not repaint or recalculate once a reversal signal process is concluded and signal confirmed within seconds on the same signal bar. I would kindly ask that you test the indi if it repaints so that R4me can clear any doubts about this.

Kind Regards

Ferdinand
  • #5,607
  • Aug 6, 2019 10:36pm Aug 6, 2019 10:36pm
Quoting bishopdotun
{quote} This is my last post on this topic of yours. Have you tried them on strategy tester. If yes, you are either not being real or you don’t know what you are saying or you are too hard to accept you are wrong or you are playing mischief. If you so much believe in them, why not start a new thread dedicated to the wonderful indicators you just found. Alternatively post 5 to 10 live trades (not after the fact) based on the signals that doesn’t repaint. Ciao.
Hi Bishop,
No need for any hostility here. I know you are a trading GURU and the architect of the BD strategy and do not desire to trade insults with you. Good luck with your trading style and strategy.

Kind Regards,

Ferdinando
  • #5,608
  • Aug 6, 2019 11:00pm Aug 6, 2019 11:00pm
Quoting ferdinando
{quote} Hi R4ME, All I know is the Markings do not repaint. I have been trying to point out to you the process the indicator uses in confirming reversals, the process only takes seconds and once the process concludes, the markings do not repaint. I will ask Merka to spend some time testing whether it repaints to clear all doubts. As for real time trading decisions this indicator is as good as it gets' If you feel that this is a distraction you can shelve this idea. Kind Regards Ferdinand
@ferdinando -- I don't know how long you've been following FF, but when someone claims "precise and accurate signals" or "as good as it gets" then this is reminiscent of "trust me".

It could the Holy Grail -- I don't know. But if I had a penny for every time I've heard a claim like yours I would be corresponding with you from my $400,000,000 yacht in the Caribbean instead of my home office.

For me to become interested you have to better understand the details of how your strategy works and not rely on @Merka to figure those out for you. Also, you keep referring to "confirming reversals" but that doesn't mean anything. I can also keep confirming reversals. What matters is whether your strategy confirms details at the current candle, the previous candle, two candles away. Are you familiar with fractals? Fractals are also used to "confirm reversals". However, fractal formations are delayed by 5 - 7 candles. It requires that many candles to develop a fractal before it can be marked on a chart.
  • #5,609
  • Aug 6, 2019 11:43pm Aug 6, 2019 11:43pm
Quoting ferdinando
{quote} Hi Bishop, No need for any hostility here. I know you are a trading GURU and the architect of the BD strategy and do not desire to trade insults with you. Good luck with your trading style and strategy. Kind Regards, Ferdinando
I am neither a guru nor architect of anything.

I just want to trade, bank some pips and contribute to the community.

Good luck to you too.
  • #5,610
  • Aug 7, 2019 12:51am Aug 7, 2019 12:51am
Quoting robots4me
{quote} @ferdinando -- I don't know how long you've been following FF, but when someone claims "precise and accurate signals" or "as good as it gets" then this is reminiscent of "trust me". It could the Holy Grail -- I don't know. But if I had a penny for every time I've heard a claim like yours I would be corresponding with you from my $400,000,000 yacht in the Caribbean instead of my home office. For me to become interested you have to better understand the details of how your strategy works and not rely on @Merka to figure those out for you....
Hi R4ME,

I fully understand where you are coming from and i have detested mt4 indicators for obvious reasons of repainting and shifting. I do not claim that the indi may be without flaws but it is not a re painter and it doesn't take 5-7 bars to confirm it's entry signal. Entry signals are always confirmed in the same signal bar live in seconds. Have someone neutral to test drive the indicator and report the findings. I do not know the inner workings of the details of a current and previous candles. Just amazed it works in live trading. Kind Regards Ferdinando
  • #5,611
  • Aug 7, 2019 12:58am Aug 7, 2019 12:58am
Quoting ferdinando
{quote} Hi R4ME, I fully understand where you are coming from and i have detested mt4 indicators for obvious reasons of repainting and shifting. I do not claim that the indi may be without flaws but it is not a re painter and it doesn't take 5-7 bars to confirm it's entry signal. Entry signals are always confirmed in the same signal bar live in seconds. Have someone neutral to test drive the indicator and report the findings. I do not know the inner workings of the details of a current and previous candles. Just amazed it works in live trading....
@ferdinando -- okay, fair enough. My curiosity always wins out. I'll take a closer look and let you know what I think. I admire both your persistence and gentlemanly manor -- thanks.
  • #5,612
  • Aug 7, 2019 1:06am Aug 7, 2019 1:06am
I am well aware of Lee Ji-pyo's principles.
It's an indicator of true value.

There has to be an obvious part when you use this.
I spent a lot of time trying to get to the driveway.
So the conclusion is that no beginners can ever know this very well.

I just let you know.

I'm sure the update caused some shortcomings.
I think old indicators are better signals.

It doesn't matter if the indicator is repainted. It's just people who don't know the principle.
  • #5,613
  • Aug 7, 2019 1:21am Aug 7, 2019 1:21am
Quoting robots4me
{quote} @ferdinando -- okay, fair enough. My curiosity always wins out. I'll take a closer look and let you know what I think. I admire both your persistence and gentlemanly manor -- thanks.

Hi R4ME,

Thanks

Kind Regards
Ferdinando
  • #5,614
  • Edited 1:52am Aug 7, 2019 1:29am | Edited 1:52am
Quoting jdva
{quote} In the meantime several other currency pairs closed early on the opening band instead of on the OppositeBand...therefore that definitely seems to be a software bug!
AllPairsEA this night closings...set closing at OppositeBand

No doubt...that cannot be normal, all those trades got closed shortly after opening (mostly for small losses) by crossing back to the "opening" band:

Attached Image (click to enlarge)
Click to Enlarge Name: Closings.png Size: 52 KB


Edit: Due to the RBNZ interest rate reduction many pairs would have provided huge wins...if closing as expected
I never lose - either I win or I learn...
  • #5,615
  • Aug 7, 2019 1:52am Aug 7, 2019 1:52am
Quoting jdva
{quote} AllPairsEA this night closings...set closing at OppositeBand No doubt...that cannot be normal, all those trades got closed shortly after opening (mostly for small losses) by crossing back to the "opening" band: {image}
There could be some merit what your saying @jdva.
I ran a backtest a few days ago for a months data, and collected the results. Then ran the indicator to check the signals were corresponding to the EA results, and was getting a lot closed out at the same entry line. Also it was creating new trades straight after they got closed. Now that you have brought it up, will try and look a bit deeper into it.
  • #5,616
  • Aug 7, 2019 1:52am Aug 7, 2019 1:52am
Quoting jdva
{quote} AllPairsEA this night closings...set closing at OppositeBand No doubt...that cannot be normal, all those trades got closed shortly after opening (mostly for small losses) by crossing back to the "opening" band: {image}
@jdva -- you know, @bishopdotun reported something like this not so long ago. He noticed that a number of trades were closed shortly after opening.

You didn't include a screen shot this time -- so I'd like to be clear. Are you saying that when you open a SELL (from above the upper band) the price begins to decline (as we'd hope) but then a short time later the price reverses and crosses the upper band in a bullish move?

If that's the case then I need to chat with @bishopdotun about this. I mean, that might actually be the correct behavior, right?

Another thought... I understand you're trading lower time frames -- which is fine -- but your PercentADR is < 100% -- like 45%, right? Lower time frames are fine as long as you keep PercentADR at 100%. The lower time frames may provide more accurate entries. But when you use a PercentADR like 45% then you lose the magic sauce. ADR offset from the midline is the magic sauce.

I'm not going to claim there isn't a bug, just that when you use a PercentADR that is < 100% then you will more likely see this ranging up and down along the upper / lower bands. When you use 100% ADR then there is a higher probability that a SELL signal will continue down.

Another thing -- suppose you open a SELL and the price drops a bit, but before reaching the midline (or the opposite band) it reverses back up. Currently there's no protection until it hits the SL. So, it might actually be correct to close a SELL that reverts back across the upper band in a bullish move. In the next release I'm adding another "emergency exit" -- using a Smoothed Heiken Ashi indicator -- that is intended to create a backstop and protect your SL in case your trade reverts and goes in the wrong direction.
  • #5,617
  • Aug 7, 2019 1:53am Aug 7, 2019 1:53am
Quoting jdva
{quote} AllPairsEA this night closings...set closing at OppositeBand No doubt...that cannot be normal, all those trades got closed shortly after opening (mostly for small losses) by crossing back to the "opening" band: {image} Edit: Due to the RBNZ interest rate reduction many pairs would have provided huge wins...
I encountered this also the other day on the AllPairs EA. I have no screenshot but I confirm.
  • #5,618
  • Aug 7, 2019 1:53am Aug 7, 2019 1:53am
Quoting FiveRows
{quote} There could be some merit what your saying @jdva. I ran a backtest a few days ago for a months data, and collected the results. Then ran the indicator to check the signals were corresponding to the EA results, and was getting a lot closed out at the same entry line. Also it was creating new trades straight after they got closed. Now that you have brought it up, will try and look a bit deeper into it.
@FiveRows -- what were your settings? Was the PercentADR < 100%
  • #5,619
  • Aug 7, 2019 1:54am Aug 7, 2019 1:54am
Quoting benjun9
{quote} I encountered this also the other day on the AllPairs EA. I have no screenshot but I confirm.
@benjun9 -- do you remember the settings? Was the PercentADR < 100%
  • #5,620
  • Aug 7, 2019 2:05am Aug 7, 2019 2:05am
Quoting robots4me
{quote} @FiveRows -- what were your settings? Was the PercentADR < 100%
I'm just in statagy testing mode of all pairs, and have hundreds of simulation settings, and try out a few when a pair completes. And it has a Percent ADR as one of the optimisations. Not sure what the setting were, when I ran that test. Will test the<100 theory, You could try it yourself with the method in previous post.
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