(binned per thread starter’s request) MM (Money Maker) Detective | Page 290 | 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

  • #5,781
  • Edited 12:33am Aug 14, 2019 12:22am | Edited 12:33am
Quoting MSuccess
{quote} Update on my trades from yesterday. {image}
yeah closed aud/nzd for 20p.. jpy pairs are close to the edge

back to waiting -.-
  • #5,782
  • Aug 14, 2019 5:19am Aug 14, 2019 5:19am
Quoting Liem
{quote} yeah closed aud/nzd for 20p.. jpy pairs are close to the edge back to waiting -.-
@Liem -- I would prefer that you not post comments like this -- no one cares, it provides no value and forces people to sift through meaningless posts. At least provide a screen shot and an explanation -- e.g. manual trading, dashboard EA, AllPairs EA.

This thread is not intended to be anyone's personal journal. Make your posts count. Make your posts something you'd be proud to show your grandchildren one day. Teach us something. Ask a good question. Almost anything except "closed aud/nzd for 20p". One freakin trade -- who cares...
  • #5,783
  • Aug 14, 2019 5:56am Aug 14, 2019 5:56am
@R4m

Quick question re BDX.

With the exits will they be based solely on smoothed Heiken Ashi change or also the opposite signal? If I am premature in asking then please ignore.

Cheers.
EX BBMA trader focusing on REE code.
  • #5,784
  • Aug 14, 2019 9:24am Aug 14, 2019 9:24am
I tested this BD strategy at many different time frames. I think the future should build a strategy on the TF H4 framework, and focus on an XAU_USD market (potentially profitable market, but also at risk of losing capital). One of the most important factors is the psychology of trading, which must follow the rules of price to break the ADR range (H4, D). In the figure, there are 3 transactions with the same trend (2,3), 02 reversed transactions (1,4,5). I like trading the same trend because it is logical according to its rules! Although it is not profitable for me yet, if I comply with trading discipline I believe this strategy is very potential.
Thank you R4M, BD!
Attached Image (click to enlarge)
Click to Enlarge Name: 26.png Size: 127 KB
  • #5,785
  • Aug 14, 2019 12:22pm Aug 14, 2019 12:22pm
Quoting anhthu049
I tested this BD strategy at many different time frames. I think the future should build a strategy on the TF H4 framework, and focus on an XAU_USD market (potentially profitable market, but also at risk of losing capital). One of the most important factors is the psychology of trading, which must follow the rules of price to break the ADR range (H4, D). In the figure, there are 3 transactions with the same trend (2,3), 02 reversed transactions (1,4,5). I like trading the same trend because it is logical according to its rules! Although it is not...
This makes no sense... "XAU_USD market (potentially profitable market, but also at risk of losing capital)". Theres always a risk and every market can be profitable
  • #5,786
  • Aug 14, 2019 12:54pm Aug 14, 2019 12:54pm
PLease is it possible to add push notification to the R4m IRUTM Trading indicator.
The push notification should alert for when the pink and blue arrows appear on the chart after alert bar closses.
An MTF dashboard for this indicator with push notification would be awesome.
Can anyone help?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 76 KB
Attached File(s)
File Type: ex4 R4M-IRUTM-TradingIndi.ex4   81 KB | 514 downloads
  • #5,787
  • Aug 14, 2019 1:04pm Aug 14, 2019 1:04pm
Quoting Simontw
@R4m Quick question re BDX. With the exits will they be based solely on smoothed Heiken Ashi change or also the opposite signal? If I am premature in asking then please ignore. Cheers.
Hello @Simontw -- the plan is to rely solely on transitions from the Smoothed Heiken Ashi. However, if a trade were to survive all the way to the opposite band and a signal in the opposite direction were to trigger a new trade then that would also cause the previous trades(s) to close. However, I don't think that would ever happen since the Smoothed Heiken Ashi would have detected a change in direction before the opposite Entry signal.

When I release the new version I'll also include the standard and smoothed Heiken Ashi indicators that I started with so you can overlay them on a chart and see where their transitions occur.
  • #5,788
  • Aug 14, 2019 2:16pm Aug 14, 2019 2:16pm
Quoting vghanem
PLease is it possible to add push notification to the R4m IRUTM Trading indicator. The push notification should alert for when the pink and blue arrows appear on the chart after alert bar closses. An MTF dashboard for this indicator with push notification would be awesome. Can anyone help?{image} {file}
@ROBOTS4ME
PLEASE can anyone generously add push alert to this indicator? this will be major improvement. we wouldnt need to watch the screen all day. THANKS in advance.
  • #5,789
  • Aug 14, 2019 3:29pm Aug 14, 2019 3:29pm
Quoting vghanem
PLease is it possible to add push notification to the R4m IRUTM Trading indicator. The push notification should alert for when the pink and blue arrows appear on the chart after alert bar closses. An MTF dashboard for this indicator with push notification would be awesome. Can anyone help?{image} {file}
@vghanem -- though the IRUTM indicator is still available for download, it was retired a few months ago. It was later replaced by the Spike Hunter indicator and, then, about 2 months ago by the BD Strategy. No further work will be done on the IRUTM indicator.
  • #5,792
  • Aug 14, 2019 6:31pm Aug 14, 2019 6:31pm
Quoting robots4me
{quote} Hello @Simontw -- the plan is to rely solely on transitions from the Smoothed Heiken Ashi. Ho
wever, if a trade were to survive all the way to the opposite band and a signal in the opposite direction were to trigger a new trade then that would also cause the previous trades(s) to close. However, I don't think that would ever happen since the Smoothed Heiken Ashi would have detected a change in direction before the opposite Entry signal. When I release the new version I'll also include the standard and smoothed Heiken Ashi indicators that...
Many thanks for the response. Looking forward to the release.
EX BBMA trader focusing on REE code.
  • #5,793
  • Aug 14, 2019 11:13pm Aug 14, 2019 11:13pm
Quoting wrenkle
{quote} This makes no sense... "XAU_USD market (potentially profitable market, but also at risk of losing capital)". Theres always a risk and every market can be profitable
I agree with your opinion. With a good strategy like this BD, Training, practice should focus on 1 pair of transactions to draw experience, experience before applying to 28 other pairs of transactions. For me, I chose the XAU_USD pair to experience and practice. The ultimate goal is to apply, use the most effective strategy, while limiting risks.
Thank you for sharing!
  • #5,794
  • Aug 15, 2019 12:41am Aug 15, 2019 12:41am
R4M
Would you mind adding a pop up alert signal to the dashboard for manual trader?
Thanks
  • #5,795
  • Aug 15, 2019 12:51am Aug 15, 2019 12:51am
Quoting Zkk
R4M Would you mind adding a pop up alert signal to the dashboard for manual trader? Thanks
@Zkk -- yes, I will be adding that to the next release. However, keep in mind that when enabled it will alert for any pair currently listed in the dashboard.
  • #5,796
  • Aug 15, 2019 12:59am Aug 15, 2019 12:59am
Just to give everyone a flavor of what's coming up in the new BDX version, I've uploaded a few screen shots below. The Entries and Exits are looking really good. I'll provide details later, but for now I just wanted to show you how close the Entries track with the ZigZag indicator. Hopefully everyone has learned by now that the ZigZag indicator -- everyone's first Holy Grail -- is a notorious repainter. It goes back in time and redraws its lines. However, though the ZigZag indicator is not useful for real-time trading, when overlayed on top of another indicator it can provide a "metric" as to how well your new indicator can compute good Entries without the benefit of hindsight.


The chart below shows the new BDX indicator with the ZigZag indicator (in red) overlayed on top.
Attached Image (click to enlarge)
Click to Enlarge Name: BDX-ZigZag.png Size: 38 KB




The chart below shows the new BDX indicator using the Standard Heiken Ashi's transitions to detect Entries. Again, the ZigZag indicator is overlayed on top.
Attached Image (click to enlarge)
Click to Enlarge Name: BDX-ZigZag-2.png Size: 42 KB




The chart below shows the new BDX indicator using the Smoothed Heiken Ashi's transitions to detect Exits. Again, the ZigZag indicator is overlayed on top.
Attached Image (click to enlarge)
Click to Enlarge Name: BDX-ZigZag-3.png Size: 44 KB
  • #5,797
  • Aug 15, 2019 2:36am Aug 15, 2019 2:36am
Quoting robots4me
Just to give everyone a flavor of what's coming up in the new BDX version, I've uploaded a few screen shots below. The Entries and Exits are looking really good. I'll provide details later, but for now I just wanted to show you how close the Entries track with the ZigZag indicator. Hopefully everyone has learned by now that the ZigZag indicator -- everyone's first Holy Grail -- is a notorious repainter. It goes back in time and redraws its lines. However, though the ZigZag indicator is not useful for real-time trading, when overlayed on top of another...
Well done you seem to be cooking on gas now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 135 KB
  • #5,798
  • Aug 15, 2019 2:51am Aug 15, 2019 2:51am
Quoting OAPDave
{quote} Well done you seem to be cooking on gas now {image}
@OAPDave -- looks nice. What is the offset of the white bands -- is it the ADR?

If you are using Heiken Ashi candles then why the use of fractals? Fractals require several bars to develop before they can be drawn. Regardless -- your chart shows that using envelopes / bands / channels to define an extreme price and then trade away is really, really common. There is nothing new that we are doing.

The magic sauce for the BD (and BDX) strategy is using a single band that is offset from the midline by ADR. Don't need 8 (@George) or 6 (@OAPDave) bands -- just one.

@OAPDave -- if you were to simplify your chart to only use one band offset by ADR from the midline, then you've got the BD strategy.
  • #5,799
  • Aug 15, 2019 3:23am Aug 15, 2019 3:23am
Quoting robots4me
{quote} @OAPDave -- looks nice. What is the offset of the white bands -- is it the ADR? If you are using Heiken Ashi candles then why the use of fractals? Fractals require several bars to develop before they can be drawn. Regardless -- your chart shows that using envelopes / bands / channels to define an extreme price and then trade away is really, really common. There is nothing new that we are doing. The magic sauce for the BD (and BDX) strategy is using a single band that is offset from the midline by ADR. Don't need 8 (@George) or 6 (@OAPDave)...
R4M
We were both inspired when we saw Nih98 work and we both went down the path of dissecting it to only trade with a small part of it, yes it was possible to make a few bob but using the whole library of his indicators gives the ability to read the market in the many time frames and trade from a scalping to a long term point of view with both trending and counter trending being on offer, hence having more than one plan to attack the market
Nih98 gave us everything that we needed it was just a case of putting it all together and understanding it, again do not forget the RSI

Dave
ps
Yes HA do seem ok but My mission is to learn the Nih98 way , perhaps I was just hoping you could have come up with some sort of scanner/dashboard that would have alerted us when a number of conditions have been met, similar to Nih98 Signal box
  • #5,800
  • Aug 15, 2019 3:44am Aug 15, 2019 3:44am
Quoting OAPDave
{quote} R4M We were both inspired when we saw Nih98 work and we both went down the path of dissecting it to only trade with a small part of it, yes it was possible to make a few bob but using the whole library of his indicators gives the ability to read the market in the many time frames and trade from a scalping to a long term point of view with both trending and counter trending being on offer, hence having more than one plan to attack the market Nih98 gave us everything that we needed it was just a case of putting it all together and understanding...
@OAPDave -- I see, thanks.

My mission now is to automate -- I don't want to have to read the market. Also, no more trend following for me -- just reverse trading.

It was @Nih98's indicators that help set me on the right path and his pointers and continuous encouragement. I think where we differ is @bishopdotun and I used @Nih98's guidance as a jumping-off point to something new, whereas your preference is to learn the @Nih98 way. And that's all good -- there is no one better to learn from.

Also, as an aside, I haven't seen any activity from @Nih98 for a long time. I really hope all is well. I've PM'd him, but no response. Do you have any idea what's up.
1 trader viewing now