(binned per thread starter’s request) MM (Money Maker) Detective | Page 327 | 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

  • #6,521
  • Sep 4, 2019 5:07am Sep 4, 2019 5:07am
Quoting robots4me
{quote} Hello @Pip-Miner -- it's not very often that magic sauce crosses my path. For the foreseeable future my plan is to savor my / our good fortune in being gifted with the BDX strategy. So no plans for stage 2.
no matter how good any systems are, risk management & consistency are the key to succeed in forex trading.

keep it simple
  • #6,522
  • Edited 5:18am Sep 4, 2019 5:08am | Edited 5:18am
Quoting Blackeagle
{quote} Same question to you. Why do you assume day starts around midline? Regards, Blackeagle

Not the day starts at the projected midline, but the ADR of the last 20 days. Price is in all timeframes the same. Why you think in terms of days? The ADR is added on both sides of the centered TMA what i guess it uses the closeprice for calculation. The TMA acts as magnet for price and the ADR gives the gravity mostly strong at 100 % and further.


Greets, Klausi.
Stick to the plan!
  • #6,523
  • Sep 4, 2019 5:15am Sep 4, 2019 5:15am
It's not often I come across a strategy that EASILY RECOVERS losses or drawdowns. This R4M-BDX-ADR strategy is one of a kind!

I salute to the creators of this system!
  • #6,524
  • Sep 4, 2019 5:23am Sep 4, 2019 5:23am
Quoting benjun9
It's not often I come across a strategy that EASILY RECOVERS losses or drawdowns. This R4M-BDX-ADR strategy is one of a kind! I salute to the creators of this system!
Here here @benjun9. It was a bad week for the GBP but still BDX has recovered. Astounding work and pleased to be part of the testing.
  • #6,525
  • Sep 4, 2019 5:41am Sep 4, 2019 5:41am
Quoting rixon227
{quote} no matter how good any systems are, risk management & consistency are the key to succeed in forex trading. keep it simple
Quote
risk management & consistency are the key to succeed in forex trading.

@rixon227 -- Perhaps -- but I'll go with "buy low, sell high". There's also "the early bird gets the worm". Why do you presume to lecture people by regurgitating such generalities?
  • #6,526
  • Sep 4, 2019 5:48am Sep 4, 2019 5:48am
Quoting Klausi
{quote} Not the day starts at the projected midline, but the ADR of the last 20 days. Price is in all timeframes the same. Why you think in terms of days? The ADR is added on both sides of the centered TMA what i guess it uses the closeprice for calculation. The TMA acts as magnet for price and the ADR gives the gravity mostly strong at 100 % and further. Greets, Klausi.
Quote
The TMA acts as magnet for price
@Klausi -- no, it's the other way around.

@Klausi -- checkout the R4M-ADRIndi indicator and you'll better understand. The ADR is based in terms of days (actually sessions). The daily range is the delta between the highest high and lowest low for that session. The ADR is the average daily range -- by default over the last 20 days. The starting price for a particular session can fall anywhere within the ADR.
  • #6,527
  • Sep 4, 2019 6:04am Sep 4, 2019 6:04am
Quoting robots4me
{quote} {quote} Right. Over the past couple of months the software has continually evolved and improved with the help of many people. And now it's done. We're in bug-fixing mode. This is the final release candidate. And now you guys come along and want to add yet another setting that no one has a clue what value to use, or even whether it would make much difference to trading performance. The BDX settings have already been explored, tested and recommendations made. {quote} Right. And now we get to the crux of your issue. If you consider @bishopdotun's...

Thank you for the latest AllPairs EA bug fix R4M and Bishops recommended settings.
Running on two separate brokers (demo) and all is well so far this week.

Cheers,
Rich
  • #6,528
  • Sep 4, 2019 6:18am Sep 4, 2019 6:18am
Quoting robots4me
{quote} {quote} @rixon227 -- Perhaps -- but I'll go with "buy low, sell high". There's also "the early bird gets the worm". Why do you presume to lecture people by regurgitating such generalities?
I don't presume that, it's your assumption on me.
How can anyone know they are buy at low & sell at hight? Only market knows.
the only think you know & can be controlled are risk & money management.
  • #6,529
  • Sep 4, 2019 6:49am Sep 4, 2019 6:49am
I have run on a live account H1, H4 and D1 with the settings of bishopdotun, new setting max 1 open order.

Closed Orders
Attached Image (click to enlarge)
Click to Enlarge Name: 040919 geschlossene Trades.png Size: 61 KB


Open Orders
Attached Image (click to enlarge)
Click to Enlarge Name: offene Aufträge.png Size: 64 KB
  • #6,530
  • Sep 4, 2019 6:52am Sep 4, 2019 6:52am
Quoting rixon227
{quote} I don't presume that, it's your assumption on me. How can anyone know they are buy at low & sell at hight? Only market knows. the only think you know & can be controlled are risk & money management.
Quote
How can anyone know they are buy at low & sell at hight?
@rixon227 -- of course no one can -- it was a sarcastic remark. As useful as yours that proclaimed risk management and consistency are the key to success.

@rixon227 -- why is it that people make these proclamations that are more easily said than done?
  • #6,531
  • Sep 4, 2019 6:54am Sep 4, 2019 6:54am
Sorry, that's the right setup for open orders
Attached Image (click to enlarge)
Click to Enlarge Name: laufende Orders 040919.png Size: 70 KB
  • #6,532
  • Sep 4, 2019 7:39am Sep 4, 2019 7:39am
Quoting robots4me
{quote} {quote} @Klausi -- no, it's the other way around. @Klausi -- checkout the R4M-ADRIndi indicator and you'll better understand. The ADR is based in terms of days (actually sessions). The daily range is the delta between the highest high and lowest low for that session. The ADR is the average daily range -- by default over the last 20 days. The starting price for a particular session can fall anywhere within the ADR.

Thats what i was trying to say. The ADR is the daily range that pair moved on one day. Than its averaged by 20 and added above/below the midline. Thats why i wrote
Quoting Klausi
{quote} NOT the day starts at the projected midline, but the ADR of the last 20 days....
Blackeagle asked why i think the day starts at the midline. I dont think that. Basically the midline, the TMA is the starting point for the ADR getting the cup filled and therefore the 50 % must not be compellingly the logic number for 1H just because 50+50 is 100. The 100% for the 4h therefore is very logical because on this level the MM`s have not much more power to push the price where they want.

Sorry for the mess. English is not my native speaking.


Cheers, Klausi
Stick to the plan!
  • #6,533
  • Sep 4, 2019 8:00am Sep 4, 2019 8:00am
Quoting Klausi
{quote} Thats what i was trying to say. The ADR is the daily range that pair moved on one day. Than its averaged by 20 and added above/below the midline. Thats why i wrote {quote} Blackeagle asked why i think the day starts at the midline. I dont think that. Basically the midline, the TMA is the starting point for the ADR getting the cup filled and therefore the 50 % must not be compellingly the logic number for 1H just because 50+50 is 100. The 100% for the 4h therefore is very logical because on this level the MM`s have not much more power to...
Quote
Sorry for the mess. English is not my native speaking.
@Klausi -- your English is fine -- no need to apologize. I know zero German -- if anyone should apologize for poor language skills it is me.

Quote
Basically the midline, the TMA is the starting point for the ADR getting the cup filled
No -- it's not. Check out the screen shot below. The TMA adjusts to the price. At the beginning of a session the midline can occur anywhere within the ADR.
Attached Image (click to enlarge)
Click to Enlarge Name: Klausi-ADR.png Size: 33 KB
  • #6,534
  • Sep 4, 2019 8:31am Sep 4, 2019 8:31am
Quoting robots4me
{quote} {quote} @Klausi -- your English is fine -- no need to apologize. I know zero German -- if anyone should apologize for poor language skills it is me. {quote} No -- it's not. Check out the screen shot below. The TMA adjusts to the price. At the beginning of a session the midline can occur anywhere within the ADR. {image}

Dont want to waste you time R4M. But thats pretty clear to me.

Thats how i would explain:

Example new 4H candle just opened--> new calculated TMA value 1000--> to this value we add our fictional 20 day ADR of 200 to get the upper band with the value 1200--> we do the opposite and get a lower band value of 800

next 4H candle opend--> new calculated TMA value 990--to this value we add our fictional 20 day ADR of 200 to get the upper band with the value 1190--> we do the opposite and get a lower band value of 790

Correct? If not i will just use it and be happy. ^^

Sure the open of the candle (session) can be anywhere.

Greets.
Stick to the plan!
  • #6,535
  • Sep 4, 2019 9:12am Sep 4, 2019 9:12am
Quoting Klausi
{quote} Dont want to waste you time R4M. But thats pretty clear to me. Thats how i would explain: Example new 4H candle just opened--> new calculated TMA value 1000--> to this value we add our fictional 20 day ADR of 200 to get the upper band with the value 1200--> we do the opposite and get a lower band value of 800 next 4H candle opend--> new calculated TMA value 990--to this value we add our fictional 20 day ADR of 200 to get the upper band with the value 1190--> we do the opposite and get a lower band value of 790 Correct? If not i will just...
You are correct in terms of how upper and lower bands are calculated based on TMA value. But you are wrong in terms of how price moves in relation to ADR during the day. Consider a new trading day starts, and price immediately moves down 30 pips and goes below lower ADR band. And let's assume ADR value of this currency is 120 pips. And your H1 ADR setting is 50. At this moment, ADR is 30 pips. And assume price starts moving up and BDX EA gives a buy signal. From lower ADR to upper ADR, the distance is 120 pips. We don't know if price will move down and reach its daily ADR, but since we are below the lower band, the probability of price reaching ADR at the upper band is higher. Therefore for this kind of entries which are quite frequent on H1, ADR 50% is actually acting like ADR 100%. Therefore there is a logic behind it. Yes, TMA may act as a magnet but ADR calculation does not start at TMA midline during a day. Hope this helps.

Regards,
Blackeagle
  • #6,536
  • Sep 4, 2019 9:18am Sep 4, 2019 9:18am
Quoting robots4me
{quote} {quote} @Klausi -- your English is fine -- no need to apologize. I know zero German -- if anyone should apologize for poor language skills it is me. {quote} No -- it's not. Check out the screen shot below. The TMA adjusts to the price. At the beginning of a session the midline can occur anywhere within the ADR. {image}
beautiful chart. r4m, is there any possibility to release indi like on your chart? it would be nice for manual trading, without x mark and signal dot.
  • #6,537
  • Sep 4, 2019 9:22am Sep 4, 2019 9:22am
Quoting karandiru
{quote} beautiful chart. r4m, is the any possibility to release indi like on your chart? it would be nice for manual trading, without x mark and signal dot.

@karandiru -- indicators are bundled in a *.zip file you can download from the other thread. Here's a link:
https://www.forexfactory.com/showthread.php?t=920925
  • #6,538
  • Sep 4, 2019 10:03am Sep 4, 2019 10:03am
Hi R4Me

Just a little screenshot showing a possible error (Uninitialization Reason 3) - Hope it's pretty self explanatory.

My possible theory (and please don't laugh if it's a simple mistake on my part) - I have 4 charts open on the MT4 platform. Two are the BDX Allpairs EA (H4 and D1) set to Bishops settings. The only indicator on the EA's is the R4M-BDX-ADR and R4M-HiekenAshi.

Could it be that I have two other charts open that do not have the EA's and from which I do switch from one TF to another...?

Regards.

Mark

Attached Image (click to enlarge)
Click to Enlarge Name: EUUS_H4_not triggered 1.png Size: 322 KB
  • #6,539
  • Sep 4, 2019 10:06am Sep 4, 2019 10:06am
Quoting tophat4d
Hi R4Me Just a little screenshot showing a possible error (Uninitialization Reason 3) - Hope it's pretty self explanatory. My possible theory (and please don't laugh ifd it's a simple mistake on my part) - I have 4 charts open on the MT4 platform. Two are the BDX Allpairs EA (H4 and D1) set to Bishops settings. Could it be that I have two other charts open that do not have the EA's and from which I do switch from one TF to another...? Regards. Mark {image}
You need to show the expert log for the period covered by the signal candle. Trade could have been blocked by spread and/or minADR%
  • #6,540
  • Sep 4, 2019 10:23am Sep 4, 2019 10:23am
Quoting robots4me
{quote} {quote} "by a number of pips" -- like what? Give me a number that works across all pairs and time frames. "by %ADR" -- like what? Give me a number that works across all pairs and time frames. @turtlefan -- no more development based on "hunches". If you can provide tested values that work across all pairs and time frames then I would consider it.
what u say is correct r4m and i also understand turtlefans comments.

maybe a better functionality would to add a "Max No. Trades per Pair" which would allow more flexible control of risk exposure
Just a suggestion
7 traders viewing now