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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

  • #5,821
  • Aug 16, 2019 8:44am Aug 16, 2019 8:44am
Hello R4M,

please what does mean NAN HLS on this chart:

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Thanks, jdva
I never lose - either I win or I learn...
  • #5,822
  • Aug 16, 2019 9:02am Aug 16, 2019 9:02am
You could also look how you would have done getting to the ADR %
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  • #5,823
  • Edited 10:36am Aug 16, 2019 10:18am | Edited 10:36am
Guys
Lets just take a step back and look at this trade with some of the tools we have on this thread and the ease of which we can change time frames plus the use of ADR
here is a little update
No I have No interest in it so I have an un bias view
Dave
P.s I will be deleting these charts in a short while as not to offend any one with my views
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  • #5,824
  • Aug 16, 2019 1:17pm Aug 16, 2019 1:17pm
Quoting OAPDave
Guys Lets just take a step back and look at this trade with some of the tools we have on this thread and the ease of which we can change time frames plus the use of ADR here is a little update No I have No interest in it so I have an un bias view Dave P.s I will be deleting these charts in a short while as not to offend any one with my views {image} {image} {image}

@OAPDave -- you continue to post charts without any rules for Entries or Exits. You previously said you were done posting here, yet you return. What is it with guys like you? I've lost patience...
  • #5,825
  • Aug 16, 2019 1:19pm Aug 16, 2019 1:19pm
Quoting jdva
Hello R4M, please what does mean NAN HLS on this chart: {image} Thanks, jdva
@jdva -- every object has a label. I cut / paste source code from different sources and evidently the horizontal line has that label. It's for programming purposes, but if you hover over objects you can see their label.
  • #5,826
  • Aug 16, 2019 1:40pm Aug 16, 2019 1:40pm
@robots4me - Since you asked

Quoting robots4me
@Valuejager -- the EA or Strategy Tester?


Strategy Tester = rubbish.
This is not the end, its the end of the beginning. W.C 1942
  • #5,827
  • Aug 16, 2019 2:02pm Aug 16, 2019 2:02pm
Quoting Valuejager
@robots4me - Since you asked {quote} Strategy Tester = rubbish.
@Valuejager -- thank you.

And just to be clear -- it's not rubbish but, rather, unreliable. It's only "rubbish" if you use it for ways it was never intended -- e.g. comparing to live accounts and expecting it to provide accurate statistics of future, live performance. Strategy Tester uses "crippled" data only intended for quick and dirty simulations.
  • #5,828
  • Aug 16, 2019 2:33pm Aug 16, 2019 2:33pm
Quoting robots4me
{quote} @Valuejager -- thank you. And just to be clear -- it's not rubbish but, rather, unreliable. It's only "rubbish" if you use it for ways it was never intended -- e.g. comparing to live accounts and expecting it to provide accurate statistics of future, live performance. Strategy Tester uses "crippled" data only intended for quick and dirty simulations.
Hi R4M and Bish

It works 100%. Thank you for pain and efforts you guys are putting. God Bless........

Bomi
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  • #5,829
  • Aug 16, 2019 2:58pm Aug 16, 2019 2:58pm
Quoting jdva
Hello R4M, please what does mean NAN HLS on this chart: {image} Thanks, jdva
@jdva - Also if anything is attached to a chart, you can see the list of objects. Right click screen/Objects List.

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...
@robots4me - Looking at the charts you posted earlier, you show the entry/exit's using the Heiken Ashi. Are the lines showing a projected view of the Heiken Ashi's mean value using ADR as the distance? Just a bit curious. Loading MT4's Heiken Ashi, has no input settings, just that it changes candle colors to detect trend and reversal.
And will the Heiken Ashi exit's be user adjusted?
  • #5,830
  • Aug 16, 2019 3:00pm Aug 16, 2019 3:00pm
Quoting robots4me
{quote} @jdva -- every object has a label. I cut / paste source code from different sources and evidently the horizontal line has that label. It's for programming purposes, but if you hover over objects you can see their label.
Is the BDX going to be shared or just for your private use?
  • #5,831
  • Aug 16, 2019 3:20pm Aug 16, 2019 3:20pm
Quoting Sam32
{quote}Is the BDX going to be shared or just for your private use?
@Sam32 - The BDX system has not been released yet. You can try out the indicator posted here.
Quoting robots4me
New Indicator -- R4M-BDX-ADR {file}
  • #5,832
  • Edited 5:50pm Aug 16, 2019 5:07pm | Edited 5:50pm
Quoting FiveRows
{quote} @jdva - Also if anything is attached to a chart, you can see the list of objects. Right click screen/Objects List. {quote} @robots4me - Looking at the charts you posted earlier, you show the entry/exit's using the Heiken Ashi. Are the lines showing a projected view of the Heiken Ashi's mean value using ADR as the distance? Just a bit curious. Loading MT4's Heiken Ashi, has no input settings, just that it changes candle colors to detect trend and reversal. And will the Heiken Ashi exit's be user adjusted?
@FiveRows -- I assume the lines you are referring to are the ZigZag's red lines. The purple and blue dots are BDX's Entry points -- computed using Heiken Ashi transitions that poke above / below an ADR band.

ZigZag is the prototypical Holy Grail -- its peaks and valleys look perfect. But that's because it goes back in time and redraws (i.e. repaints) its lines with each new data point. So -- the ZigZag can not be used for trading since in real time its lines mean nothing. However, by overlaying the ZigZag on top of the BDX indicator you can see that BDX's Entries do quite well when compared with the ZigZag's Holy Grail. In other words, I was simply using the ZigZag as a kind of "metric" to show everyone that BDX does an excellent job of identifying Entries.

With regards to input settings -- that's correct, Heiken Ashi has no settings. This makes it even more attractive because there is nothing to optimize / calibrate. Furthermore, it works the same for every pair.

As for Exit's -- I'm still working that out. Entries based on Heiken Ashi transitions are golden. I'm still experimenting with different Exit conditions. However, I'm pretty sure now that Exits will need to include midline crossings, or some variation of that.

A final note about the ZigZag indicator -- I've stated it is not tradable. That is not exactly true. It can be used in a trading strategy that implements "look back". If a strategy implements "look back" as part of its algorithm then ZigZag can be used as a kind of confirmation. But if a strategy does not implement "look back" then ZigZag is useless for trading.
  • #5,833
  • Aug 16, 2019 5:43pm Aug 16, 2019 5:43pm
Quoting robots4me
{quote} @FiveRows -- I assume the lines you are referring to are the ZigZag's red lines. The purple and blue dots are BDX's Entry points -- computed using Heiken Ashi transitions that poke above / below an ADR band. ZigZag is the prototypical Holy Grail -- its peaks and valleys look perfect. But that's because it goes back in time and redraws (i.e. repaints) its lines with each new data point. So -- the ZigZag can not be used for trading since in real time its lines mean nothing. However, by overlaying the ZigZag on top of the BDX indicator you...
@robots4me
A good description of the ZigZag. I guess all scenario's have been tried for it. The best I could come up with would be to trade using it with different time frames.
My question was really about the smoothed bands. Normally we were using TMA - ADR, but how are these bands getting drawn?
  • #5,834
  • Aug 16, 2019 6:02pm Aug 16, 2019 6:02pm
Quoting FiveRows
{quote} @robots4me A good description of the ZigZag. I guess all scenario's have been tried for it. The best I could come up with would be to trade using it with different time frames. My question was really about the smoothed bands. Normally we were using TMA - ADR, but how are these bands getting drawn?

Quote
Normally we were using TMA - ADR, but how are these bands getting drawn?
@FiveRows -- good question. I will provide more details when I "officially" release the new version. Briefly, however, it is the same Centered TMA and the same ADR offset.

What has changed, though, is the setting that allowed you to choose a higher time frame for TMA -- that is gone. The time frame of the chart you attach the indicator to is the time frame used to draw the TMA bands. Since the time frame of the chart and the TMA are the same, then interpolation does not come into play and the TMA appears curvilinear. In other words, now it is used similarly to the vast majority of indicators -- there's only one time frame -- that of the chart. I also modified the TMA so it no longer repaints.

The magic sauce is still the ADR offset from the midline. That is, you can attach the indicator to any time frame you wish, but the distance from the midline to the upper and lower bands -- now referred to as "Extreme Price (% ADR)" in the settings -- should be 100.
  • #5,835
  • Aug 16, 2019 6:21pm Aug 16, 2019 6:21pm
Quoting Sam32
{quote}Is the BDX going to be shared or just for your private use?
@Sam32 -- really? Your first post here and you need to ask a question like that?
  • #5,836
  • Edited 7:10pm Aug 16, 2019 6:43pm | Edited 7:10pm
Quoting robots4me
{quote} {quote} @FiveRows -- good question. I will provide more details when I "officially" release the new version. Briefly, however, it is the same Centered TMA and the same ADR offset. What has changed, though, is the setting that allowed you to choose a higher time frame for TMA -- that is gone. The time frame of the chart you attach the indicator to is the time frame used to draw the TMA bands. Since the time frame of the chart and the TMA are the same, then interpolation does not come into play and the TMA appears curvilinear. In other words,...
@robots4me
Thanks for that. I was going to write in previously whether your method would be subjected to copyright, Trademarked™. All good...
I'm guessing the smoothed bands are the default now.
And I did notice that you were using the same BD Time Frame as the chart time. A lot a questions, so I'll leave it until release.
Stay well.
  • #5,837
  • Aug 16, 2019 7:16pm Aug 16, 2019 7:16pm
Quoting FiveRows
{quote} @robots4me Thanks for that. I was going to write in previously whether your method would be subjected to copyright, Trademarked. All good... I guessing the smoothed bands are the default now. And I did notice that you were using the same BD Time Frame as the chart time. A lot a questions, so I'll leave it until release. Stay well.
@FiveRows -- I guess if you had a question then others might, too.

To be clear -- no restrictions, no trademark, no private versions, no fee, no subscription, no first born, no licensing...

The only limitation is the source code is my IP (intellectual property) and remains private. Any modifications are done by me. And I would expect people to respect that and not ask for the source. Not long ago a fellow asked for the source just so he could change a color -- seriously.

If someone is inclined to steal the software and brand it as their own then they will need to figure out how to decompile it.
  • #5,838
  • Aug 16, 2019 7:33pm Aug 16, 2019 7:33pm
question, is there any way to use the indicator through a saved template? (i know it would usually make the indicator malfunction).
applying new indicators and color schemes to all pairs used is time consuming

not a big deal, just wondering....
  • #5,839
  • Aug 16, 2019 8:22pm Aug 16, 2019 8:22pm
Quoting alblive
question, is there any way to use the indicator through a saved template? (i know it would usually make the indicator malfunction). applying new indicators and color schemes to all pairs used is time consuming not a big deal, just wondering....

Can you not use an instrument changer on one chart? I previously had multiple charts open until I was advised to just use an instrument changer on one chart. Works much better.
EX BBMA trader focusing on REE code.
  • #5,840
  • Aug 16, 2019 9:02pm Aug 16, 2019 9:02pm
Quoting Simontw
{quote} Can you not use an instrument changer on one chart? I previously had multiple charts open until I was advised to just use an instrument changer on one chart. Works much better.

i wasn't aware that an instrument changer would update the indicator to the new pair selected. Is that how it works?
currently i dont use the dashboard. would i then have to use that for notifications of entries across all pairs?

edit: i recall trying an instrument changer a while back and it would make the indicator malfunction on the newly selected pair. does someone have a changer they could point me to?
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