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The Volume Detective 411 replies

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  • #5,621
  • Aug 7, 2019 2:08am Aug 7, 2019 2:08am
@jdva, @FiveRows, @benjun9, @bishopdotun...

There might be a bug and I'm looking into it now -- but I also have a comment about these premature closings you've all reported...

I've mentioned before the "magic sauce" is the ADR -- that is, an Envelope-type indicator with a midline and upper and lower bands offset 100% ADR from the midline. This is a reversal trading strategy -- we look for extreme prices. An extreme price would be one that pokes its nose above / below the upper or lower band. In other words, we are looking for an extreme price that breaks through the ADR.

But when you use PercentADR < 100% -- like 45% -- then even blips can break above / below one of the bands and cause an Entry signal. So, in a market where the price ranges then unremarkable prices might occasionally cause an Entry signal because the upper and lower bands are too close to the midline. If PercentADR is < 100% we are no longer trading-away from an extreme price -- instead we are trading away from "blips". Do you know what I mean?
  • #5,622
  • Edited 2:30am Aug 7, 2019 2:10am | Edited 2:30am
Quoting robots4me
{quote} @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,...
Sorry...what do you mean with "magic sauce"? ADR% is set to 50 (correction)...but what has that to do with the closings?
I was sleeping and could not watch whether there was a bullish crossing back but by all means it does not make sense to close then...IMHO.
I never lose - either I win or I learn...
  • #5,623
  • Aug 7, 2019 2:23am Aug 7, 2019 2:23am
Some minutes ago EURAUD closed on upper band...(you want a screenshot) X marking on OppositeBand...all entries are awesome despite ADR% 50 on this LTF!

Attached Image (click to enlarge)
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I never lose - either I win or I learn...
  • #5,624
  • Aug 7, 2019 2:29am Aug 7, 2019 2:29am
Quoting jdva
{quote} Sorry...what do you mean with "magic sauce"? ADR% is set to 0...but what has that to do with the closings? I was sleeping and could not watch whether there was a bullish crossing back but it does no make sense to close then...IMHO.
@jdva -- ADR is used two ways:

1. There has always been a PercentADR setting that specifies how far the upper and lower bands are offset from the midline. The default is 100. I think I recall you were using 45%.

2. More recently I added a MinPercentAdrCup setting whose default is 70%. This would only affect Entries.

Quote
what do you mean with "magic sauce"? ADR% is set to 0
In your post #5569 you were using a PercentADR of 50%.


When I say ADR I don't mean a fraction of ADR -- like some people were using 16% ADR to trade LTFs -- I mean ADR, 100% ADR. And what I mean by "magic sauce" is upper and lower bands offset by ADR from the midline is the edge for this reversal strategy that trades away from extreme prices. When you decrease the PercentADR such that the upper and lower bands are closer to the midline then blips in price that shouldn't be considered an extreme will create an Entry signal. When the upper / lower bands are too close to the midline then it is easy for even ordinary price fluctuations to poke above / below a band and generate a signal. But then we are no longer trading-away from an extreme price.

So what I am saying is an extreme price occurs when the ADR is exceeded and that is our edge -- i.e. that is the magic sauce that makes the BD strategy unique. We need to take advantage of the ADR -- the full ADR, not a fraction of it.

I'm still looking to see why your trades are closing -- since I don't think I coded it that way. But the fact they are closing because the price started going against you might turn out to be the correct behavior. I'm still waiting for @bishopdotun to weigh-in -- I'm curious what his thoughts are.
  • #5,625
  • Aug 7, 2019 2:32am Aug 7, 2019 2:32am
Quoting jdva
Some minutes ago EURAUD closed on upper band...(you want a screenshot) X marking on OppositeBand...all entries are awesome despite ADR% 50 on this LTF! {image}
@jdva -- this is good -- it gives me a lot to go on, thanks. I'm looking into it now.
  • #5,626
  • Aug 7, 2019 2:44am Aug 7, 2019 2:44am
Quoting jdva
Some minutes ago EURAUD closed on upper band...(you want a screenshot) X marking on OppositeBand...all entries are awesome despite ADR% 50 on this LTF! {image}
@jdva -- I wish you wouldn't cut-off the x-axis. I need to see the time stamps. Thanks.
  • #5,627
  • Aug 7, 2019 2:50am Aug 7, 2019 2:50am
Quoting robots4me
{quote} @jdva -- ADR is used two ways: 1. There has always been a PercentADR setting that specifies how far the upper and lower bands are offset from the midline. The default is 100. I think I recall you were using 45%. 2. More recently I added a MinPercentAdrCup setting whose default is 70%. This would only affect Entries. {quote} In your post #5569 you were using a PercentADR of 50%. When I say ADR I don't mean a fraction of ADR -- like some people were using 16% ADR to trade LTFs -- I mean ADR, 100% ADR. And what I mean by "magic sauce" is upper...
OK...I do agree (ADR%=0 was my typo), everything is clear to me but not the closings and TP/SL. You hasn't answered my former question why we are still using SL/TP when they don't come into play because the exits in the EA do have priority. When I want to exit at OppositeBand and don't get it makes no sense...I like that you will think about it.
I never lose - either I win or I learn...
  • #5,628
  • Aug 7, 2019 2:53am Aug 7, 2019 2:53am
Quoting robots4me
{quote} @jdva -- I wish you wouldn't cut-off the x-axis. I need to see the time stamps. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD1.png Size: 46 KB
I never lose - either I win or I learn...
  • #5,629
  • Aug 7, 2019 3:06am Aug 7, 2019 3:06am
Quoting jdva
{quote} {image}
@jdva -- I think you're right. There is something wrong with the indicator. I believe the EA is faithfully following the indicator, but there is something wrong with where the indicator signals closings. I haven't see this problem at the higher time frames when W1 / 100% ADR are used, but there is definitely something wrong here. Thanks for pursuing this with me -- this is another good one.

EDIT: Also, you know, I've only been using midline closings. Perhaps that's why I hadn't seen this before.
  • #5,630
  • Aug 7, 2019 3:12am Aug 7, 2019 3:12am
Quoting robots4me
{quote} @jdva -- I think you're right. There is something wrong with the indicator. I believe the EA is faithfully following the indicator, but there is something wrong with where the indicator signals closings. I haven't see this problem at the higher time frames when W1 / 100% ADR are used, but there is definitely something wrong here. Thanks for pursuing this with me -- this is another good one. EDIT: Also, you know, I've only been using midline closings. Perhaps that's why I hadn't seen this before.
Y're very welcome my friend...all is good !

Edit: You also see for what LTF makes sense
I never lose - either I win or I learn...
  • #5,631
  • Aug 7, 2019 3:47am Aug 7, 2019 3:47am
Quoting robots4me
{quote} @benjun9 -- do you remember the settings? Was the PercentADR < 100%
I don't use %ADR<100, i usually use 120 on H1-D1 tf.
  • #5,632
  • Aug 7, 2019 3:57am Aug 7, 2019 3:57am
I am trying out the AllPairs EA today and the results is absolutely amazing. Thanks robots4me and BD for this trade strategy. However the EA seems to be making more than 10 trades and not following the settings). Is this because I turned off MT4 and turned it back on again? The magic number is all the same for the same pair though. If that is the case, is there anyway to restrict the EA from making new trades if there is already max 10 trades taken by AllPairs EA?
  • #5,633
  • Aug 7, 2019 4:04am Aug 7, 2019 4:04am
Quoting jdva
{quote} Y're very welcome my friend...all is good ! Edit: You also see for what LTF makes sense
@jdva, @FiveRows, @benjun9, @bishopdotun...

Okay -- I found the bug in the logic for Opposite Band exits. Turns out I had the closings on the wrong band -- SELLS were closing on the upper band and BUYS were closing on the lower band.

Again -- thank you for your reports.

The bug has been fixed and will be available in the next release. The next release will also include a few additional minor features. It's almost 2a for me, so I won't get this done today, but hopefully a new release before the market opens tomorrow. In the meantime don't use Opposite Band for Exits -- stick with midline for now.
  • #5,634
  • Aug 7, 2019 4:12am Aug 7, 2019 4:12am
Here's a test EURGBP. 1H Most of the trades run fine, until we see this.
Just random settings.
Percent ADR = 30

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Trades 34 - 43.
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Not sure if you see the wicks, but some don't hit the band.

And we get it again.
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I will test the Percent ADR 100%, and see if it still occurs.

Edit. Ok. Looks like you cracked it. Happy days.
  • #5,635
  • Aug 7, 2019 4:34am Aug 7, 2019 4:34am
I've been pumping this tester for the last 5 days.
I know it happens R4M. WE are weeding the gremlins out.
Will wait for update.
  • #5,636
  • Aug 7, 2019 5:17am Aug 7, 2019 5:17am
@robot4me,why have the conditions,exit at midline and exit at opposite band but then you have a TP condition? wouldn't it be better if you just had midline/opposite exit? sorry for the confusion

Best Regards Nozzer
  • #5,637
  • Aug 7, 2019 5:45am Aug 7, 2019 5:45am
I am not sure if this is a bug or not but I am getting an alert from the chart with signal showing on the chart i.e a blue or purple dot but the dashboard despite showing the highlighted button for buy/sell is not giving me an alert of any kind.

The settings are the same.

100% ADR on Weekly.
H1 Chart.
EX BBMA trader focusing on REE code.
  • #5,638
  • Edited 8:49am Aug 7, 2019 6:26am | Edited 8:49am
Hi R4M
I'm pretty sure I've tracked it down to MinPercentAdrCup.
As soon as I drop it off it's 100% perch, it starts playing up as witnessed above.
Seems the lower the percentage, the more frequent it becomes.
Happens on both Midline and opposite.

Percent ADR has no effect.

Quoting robots4me
{quote} Okay -- I found the bug in the logic for Opposite Band exits. Turns out I had the closings on the wrong band -- SELLS were closing on the upper band and BUYS were closing on the lower band.
This is coming in at random times, it trades fine most of the time. Something must be triggering it.
It could be a mix with your quote above.
Cheers.
  • #5,639
  • Edited 7:20am Aug 7, 2019 7:07am | Edited 7:20am
I would love to know your thought on this robots4me/Bishopdotun...I never gave up on the MM FX RSI Momentum Indictator, it [ mostly] protects you from 'waterfalls'. Sure,it cuts down on the number of signals but its quality over quantity right?
Attached Image (click to enlarge)
Click to Enlarge Name: FxPro - MetaTrader 4.png Size: 161 KB
  • #5,640
  • Aug 7, 2019 9:02am Aug 7, 2019 9:02am
Quoting joshuayip
I am trying out the AllPairs EA today and the results is absolutely amazing. Thanks robots4me and BD for this trade strategy. However the EA seems to be making more than 10 trades and not following the settings). Is this because I turned off MT4 and turned it back on again? The magic number is all the same for the same pair though. If that is the case, is there anyway to restrict the EA from making new trades if there is already max 10 trades taken by AllPairs EA?
Retested AllPairs EA again in NYO session. 1 hours later there is about 40-50 trades in spite of the setting of Max trades = 10. Is anyone having this issue?
Attached Image (click to enlarge)
Click to Enlarge Name: AllPairsEA1.jpg Size: 1.0 MB
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