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The Volume Detective 411 replies

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

  • #5,661
  • Aug 8, 2019 7:00am Aug 8, 2019 7:00am
Quoting benjun9
{quote} Sir R4M, this is the log under the experts tab. I copied only the "settings" on the log. As you can see the exit conditions change (exit 101, 102, 103) as I changed in the input settings of the ea but the TEXT in the dashboard display is not changing (as in the post above). 2019.08.08 19:39:58.246 R4M-BD-ADR-DashboardEA EURUSD,H4 inputs: Input_Section_1=>>>>>>>>>> BD Strategy Settings <<<<<<<<<<; BSHP_TimeFrame=10080; BSHP_PercentADR=120; MaxBars=500; NumberOfDaysToAverage=20; WhichExitCondition=103; ApplyMomentumFilter=false; WhichEntryCondition=104;...

@benjun9 -- by any chance do you have 'AutoExit' enabled? I can't tell from the screen shot.
  • #5,662
  • Aug 8, 2019 7:17am Aug 8, 2019 7:17am
Quoting robots4me
{quote} @benjun9 -- by any chance do you have 'AutoExit' enabled? I can't tell from the screen shot.
Yes it's enabled.
  • #5,663
  • Aug 8, 2019 7:58am Aug 8, 2019 7:58am
Hello everyone,
back from holidays, without a computer and only a cellphone.
I must say by reading evolution here i was getting crazy not being able to test.
Here is my test from monday without changing anything.
you wanna pips ?
Attached Image
  • #5,664
  • Aug 8, 2019 9:10am Aug 8, 2019 9:10am
Quoting rosalieone
Hello everyone, back from holidays, without a computer and only a cellphone. I must say by reading evolution here i was getting crazy not being able to test. Here is my test from monday without changing anything. you wanna pips ? {image}
Earned 1000 pips plus on euraud, eurnzd, gboaud, gbpnzd in 2 days in this sharp reversal
  • #5,665
  • Aug 8, 2019 12:20pm Aug 8, 2019 12:20pm
Quoting Zkk
{quote} Earned 1000 pips plus on euraud, eurnzd, gboaud, gbpnzd in 2 days in this sharp reversal
Manual trading or EA
Only Jesus Saves
  • #5,666
  • Aug 8, 2019 1:24pm Aug 8, 2019 1:24pm
Quoting Bomi
{quote} The settings are the same. Only market lot has increase from 0.01 to 1.0, lot size change to 3 from 10. that's it. ButI I am surpise no order has been taken today. I don't know what is the reason. Is it the same problem with you? thanks Bomi {image}
Hi Bomi,
Thanks allot for you help. Many green pips.

Regards
Vesko
  • #5,667
  • Aug 8, 2019 6:19pm Aug 8, 2019 6:19pm
Another corner of the market. ADR band green represents the setting index in turn D1, W1; ADR bands yellow color represents the default index H4 and D1 respectively. When you put these two indicators together on the screen: ADR and Plus Consecutive Candle. We can make short-term predictions according to Trend Market, maybe the right time to enter short-term orders more effectively according to this BD strategy. This combination of two cases occurs, one of them may be inside each other (Figure 12) or they are outside each other (Figure 13).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12.png Size: 95 KB
Click to Enlarge Name: 13.png Size: 131 KB
  • #5,668
  • Aug 8, 2019 6:32pm Aug 8, 2019 6:32pm
Quoting veslup
{quote} Hi Bomi, Thanks allot for you help. Many green pips. Regards Vesko
np - ANYTIME buddy...
Bomi
  • #5,669
  • Aug 9, 2019 12:44am Aug 9, 2019 12:44am
Quoting dotman
{quote} Manual trading or EA
Manual trading
Using h4 chart with weekly ADR
Adr cup 150%
  • #5,670
  • Aug 9, 2019 2:44am Aug 9, 2019 2:44am
Quoting benjun9
{quote} Yes it's enabled.
@benjun9 -- okay -- I understand what is happening. It's "sort of" a bug, but the EA is still doing the right thing.

When "Auto Exit" is disabled, then the text changes, right?

But when "Auto Exit" is enabled, then I've hard-coded the auto exit condition to always use midline crossing. The reason I chose to do it that way is because the dashboard is just a fancy way of manually trading. The dashboard EA is not making any trading decisions -- you are. So, let's say you push the BUY button to open a new trade. And then let's say the price goes up and crosses the lower band. Well, does that meet the condition of crossing an opposite band? I could figure it out, but it would require additional bookkeeping code and since the dashboard is for manual trading, then I didn't want to make a small project out of it. So, I decided to go the simple (and easy) route of assuming that when using the dashboard all auto exits would be midline crossings.

My fault for not making that clear from the beginning. There are a lot of details to keep track of and you are the first to remind me that's how I implemented it. I apologize for the confusion.
  • #5,671
  • Aug 9, 2019 4:49am Aug 9, 2019 4:49am
Quoting Bomi
{quote} Hi Robots4me, You and bishopdotun have done some thing unbelievable. I have open demo account with GCI today. Within 12 hours the results is amazing (22000$ profit). My lots are 1.0 that is immaterial. I have not change any setting except lot size and maximum lot is 3. Please check the results. GOD BLESS U GUYS......... Bomi {image} {image} {image} {image}
Hi Bomi,

Are you mean wit maximum lot 3 - Max Open Trades ?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 127 KB


Regards Vesko
  • #5,672
  • Aug 9, 2019 4:51am Aug 9, 2019 4:51am
New Indicator -- R4M-BDX-ADR, where the 'X' stands for Xtra accurate...

The past week I've referred a few times to the use of Heiken Ashi candles as emergency exits. @bishopdotun and I both like Heiken Ashi candles and he found they can be used for accurately generating both Entries and Exits. Their main advantage is they include both a position and a direction -- what I'll call a "transition". Using Heiken Ashi bullish and bearish transitions we can generate better Entries and Exits than the "Original Recipe" currently being used by the BD Strategy. Furthermore, if you've been using Consecutive Candles to filter Entry signals, Heiken Ashi transitions aren't as strict as Consecutive Candles and, so, we also get more Entries.

Attached Image (click to enlarge)
Click to Enlarge Name: R4M-BDX-ADR-01.png Size: 33 KB


Interpretation of the markings is similar as before -- Blue and Purple dots are BUY and SELL signals, respectively. Blue 'x' Exits a Long position, and Purple 'x' Exits a Short position.

The trading logic of the BDX strategy is simpler than the BD strategy.
Entries: A Heiken Ashi transition above or below a band generates a BUY or SELL signal.
Exits: A Heiken Ashi transition generates an Exit signal.

And thats it. We use the uninterpolated TMA-ADR bands only for Entries. After a trade is opened we no longer use the TMA-ADR. Exits use only a Heiken Ashi transition.

With the BD strategy we rely on "touches" for both Entries and Exits, whereas with the BDX strategy we rely on transitions. A disadvantage using touches is that "close enough" does not count. In other words, suppose the upper band's price is 1.200 and we need the current price to poke above it. But the current price only reaches 1.199. A discretionary trader would decide that's "close enough" and consider it a signal. But in algebra there is no "close enough" and this potential signal would be ignored. When relying on "transitions" instead of "touches" then we are less likely to ignore good signals. Also, as I've already mentioned, transitions have a directionality -- there are both bullish and bearish transitions.

Relying on Heiken Ashi transitions we no longer need "emergency exits" -- the Heiken Ashi exits make it extremely unlikely that your 1.8 ADR StopLess will ever get hit.

And our favorite issue -- repainting and shifting -- almost goes away. We still rely on TMA-ADR for Entries, but not for Exits. So -- no more issues with repainting or shifting bands causing missed or unexpected Exits. Heiken Ashi transitions neither repaint or shift.

Below is a link to the new indicator -- consider it a view of things to come. In a few days I hope to have the corresponding EAs completed (i.e. single-trading, dashboard and AllPairs).

Attached File(s)
File Type: ex4 R4M-BDX-ADR.ex4   137 KB | 734 downloads
  • #5,673
  • Edited 5:47am Aug 9, 2019 5:36am | Edited 5:47am
Quoting robots4me
New Indicator -- R4M-BDX-ADR, where the 'X' stands for Xtra accurate... The past week I've referred a few times to the use of Heiken Ashi candles as emergency exits. @bishopdotun and I both like Heiken Ashi candles and he found they can be used for accurately generating both Entries and Exits. Their main advantage is they include both a position and a direction -- what I'll call a "transition". Using Heiken Ashi bullish and bearish transitions we can generate better Entries and Exits than the "Original Recipe" currently being used by the BD Strategy....
Heikin Ashi helps Lazy Traders and rookies to identify Change in Trend (CIT) = Reversal

USEFUL BUT NOT SUFFICIENT
Attached Image (click to enlarge)
Click to Enlarge Name: HEININ ASHI HELP TO IDENTIFY CHANGE IN TREND.png Size: 856 KB
  • #5,674
  • Edited 5:58am Aug 9, 2019 5:47am | Edited 5:58am
The BD Strategy's Magic Sauce and Extreme Price...

I've written before what I think is the "edge" -- i.e. the "magic sauce" -- the BD strategy provides, and I wish expand on it a bit more. I think a lot of people "get it", but many are still not taking advantage of it. I'm not here to micro-manage how people trade and if you choose not to take advantage of its most important feature that's fine -- but at least let it be clear what you are missing.

The BD Strategy is a simple reverse trading strategy -- that is, you detect an extreme price and trade away. Isn't it interesting that no one has ever asked "what is an extreme price"? An extreme price is the whole basis of reversal trading and I've never seen anyone make an attempt at defining exactly what an "extreme price" is.

@George had his famous GBPJPY-M1 TMA with 8 levels -- all "top-secret". Furthermore, the levels were different for each pair. What was he thinking? Forget about why he felt they had to be kept a secret -- why 8 levels? The reason is because he likes to rank prices according to how extreme they are. If a price breaks through level 1 is it extreme enough to trade away from? Probably not. What above level 3 or level 4? I don't know the answer -- @George never revealed his trading strategy. But I'm pretty sure a price breaking through level 8 caught his attention as an extreme price and a good candidate to open a reverse trade.

What I'm getting at is that if you are going to reverse trade then you need to have an extreme price in mind. There needs to be a clear definition of what constitutes an extreme price.

In the case of the BD strategy then @bishopdotun made it so easy and so clear -- ADR. If a price exceeds the ADR then we'll consider that an extreme price and a candidate to trade away from. So simple, right? But you know what -- no one else had ever thought of it that way. Even @George with his 20 years and 40000 hours of screen time was using 8 arbitrary levels. And @bishopdotun comes along with 1 level that fits all -- the ADR.

I understand some people are using 16%, 25% ADR and found it works well at lower time frames. Others want to use the flexibility of ATR. Many Envelope-type strategies (and TMA certainly falls in the category) can work fine when you set the upper and lower band offsets in a way that looks good to you. The fact the BD strategy can work well at LTFs is a testimony to its simplicity and robustness. But 16% ADR is just an arbitrary number -- it means nothing. It's like @George's level 3 M1 TMA offset.

So what does this have to do with Extreme price? When you decrease the %ADR you are lowering the bar for what constitutes an extreme price. When a price breaks through a 100% ADR band then you are trading away from a spike. But when a price breaks through a 16% ADR band you are trading away from a blip. And does trading away from blips really constitute reversal trading?

Furthermore, as you lower the %ADR you reach a point where you are no longer reversal trading but, rather, trend following. There is nothing wrong with trend following strategies -- I have many and I'm sure most people do as well. But isn't it a shame to be handed a simple, brilliant reversal trading strategy that works and then corrupt it into something else? There are many ways the BD strategy can be used -- feel free to find different scenarios -- but I would encourage you to at least include @bishopdotun's guidance in at least one of those scenarios.

Okay -- I figure I've made my point. In the end, if it brings value to your trading experience -- how ever you choose to use it -- then that really is all that matters and makes me glad.
  • #5,675
  • Aug 9, 2019 5:55am Aug 9, 2019 5:55am
Quoting parisboy
{quote} Heikin Ashi helps Lazy Traders and rookies to identify Change in Trend (CIT) = Reversal USEFUL BUT NOT SUFFICIENT {image}
@parisboy -- very nice.

I don't know about the brown moving average lines, but your blue-ish envelope with the Heiken Bands inside looks very similar to where we are headed. And if the offset from the midline is anywhere near the ADR then we are definitely on the same page.

I know, I know -- the offset is some power of 2 -- like 8, 16, 32, 64, 128, 256 something...

Quote
Change in Trend (CIT) = Reversal
I like it.

Quote
USEFUL BUT NOT SUFFICIENT
@parisboy -- what are we missing?
  • #5,676
  • Aug 9, 2019 6:06am Aug 9, 2019 6:06am
Quoting veslup
{quote} Hi Bomi, Are you mean wit maximum lot 3 - Max Open Trades ? {image} Regards Vesko
Yes u r right my friend. that way you have only 54-maximum lot will be open at a time.

Bomi
  • #5,677
  • Aug 9, 2019 6:18am Aug 9, 2019 6:18am
Quoting robots4me
New Indicator -- R4M-BDX-ADR, where the 'X' stands for Xtra accurate... The past week I've referred a few times to the use of Heiken Ashi candles as emergency exits. @bishopdotun and I both like Heiken Ashi candles and he found they can be used for accurately generating both Entries and Exits. Their main advantage is they include both a position and a direction -- what I'll call a "transition". Using Heiken Ashi bullish and bearish transitions we can generate better Entries and Exits than the "Original Recipe" currently being used by the BD Strategy....
R4M and Bishop = " Sincere, honesty, intelligent, commitment and hard work that is what u r " I salute both of you. Health, wealth and prosperity to all.

Bomi
  • #5,678
  • Edited 6:42am Aug 9, 2019 6:30am | Edited 6:42am
Quoting robots4me
{quote} @parisboy -- very nice. I don't know about the brown moving average lines, but your blue-ish envelope with the Heiken Bands inside looks very similar to where we are headed. And if the offset from the midline is anywhere near the ADR then we are definitely on the same page. I know, I know -- the offset is some power of 2 -- like 8, 16, 32, 64, 128, 256 something... {quote} I like it. {quote} @parisboy -- what are we missing?
@Robots4me

as you are a Lazy Rookie Trader and a coder who jumps on coding everything which shine , you never spend enough time to read and understand (your own words) the RATIONAL SYSTEM I use

Bishop's strategy and mine are very similar, because Band Strategy is Band Strategy whatever kind of Band, Envelope, Channels etc you use

There are only 2 possibilities described by Jim Hurst in 1970 :

The Edge-Band Strategy - Reversal in the vicinity of the Lower or the Upper Limit of the Band

The Mid-Band Strategy - Reversal on the vicinity of te Center Line of the Band - the Middle, the Half

Note that the Center LINE is de facto a CURVE

Because Channels, Envelopes, Bands are CURVILINEAR and not HORIZONTAL

that is the Weakness of the ADR Strategy

Before the Computer era traders used Horizontal Line because drawing something curvilnear was approximative and time-consuming to calculate. It is ok to use it now (I do it) , but primitive

To follow
  • #5,679
  • Aug 9, 2019 6:54am Aug 9, 2019 6:54am
If we add to it a 8 bands fibo chanel we can see when we are in extreme areas (just an idea)
Attached Image (click to enlarge)
Click to Enlarge Name: 2019-08-09_1349.png Size: 143 KB

Attached File(s)
File Type: mq4 ma_chanels_fibo.mq4   5 KB | 475 downloads
  • #5,680
  • Aug 9, 2019 7:32am Aug 9, 2019 7:32am
Quoting rosalieone
If we add to it a 8 bands fibo chanel we can see when we are in extreme areas (just an idea) {image} {file}
That brings back memories
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4a.png Size: 112 KB
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