Real or Algo | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Looking for a Developer to Finetune a Semi Martingale Algo 0 replies

Crowd-sharing model for open source algo trading platform 2 replies

Growing Neural Gas Algo for FX trading 2 replies

Veloce algo trading 13 replies

Best of four ECNs for algo trading? 3 replies

Attachments: Real or Algo
Exit Attachments

Real or Algo

  • #641
  • Edited 9:31pm Jul 1, 2020 8:31pm | Edited 9:31pm
Good evening everyone..

Happy Canada Day to my fellow Canadians.

Some trades I made (demo) of GJ using my limited understanding of Targets. I took the trades at the pre-drawn areas... I would have taken one more where the orange line intersect price- but I was away from the PC at the time.... The pre-drawn areas are from information that I can gather from this thread by Andy (moodybot) and George's thread... RickM got some good pointers too.. There appears to be a mathematical movement to all this.

Cheers All and be safe.

And 2 pics One with indicator and one without indicator.... applying knowledge to the best of our ability- do we really need indicators?

Mike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 103 KB
Click to Enlarge Name: Image2.png Size: 136 KB
Click to Enlarge Name: Image3.png Size: 121 KB
  • #642
  • Edited 8:53pm Jul 1, 2020 8:38pm | Edited 8:53pm
Quoting mixedbags
The ALGO is here! {image} all I did was to put some orderliness on my chart by confining PA within TMA - M15, H1, H4
I love a good argument about trading so here is my 2 cent take on the Algo. You won’t see the Algo action looking at a one hour / four hour chart. You see just the big players changing direction after they have accumulated their orders by destroying retail traders equity. The Algo is placed on the tick chart - 1 minute chart time frames because that is where the order flow and density of orders sits.
We do see targets in the distance but that’s all. If you have time, study the tick chart speed around accumulation zones and you may or may not see the manipulation occur in a blink of a eye. Getting price to a target 100 pips away starts from a 1/8 of a second event and I have said this before.

Its fraud

Ome of these days I will get myself into a lot of trouble.

We can also see the Algo of course limiting price on M1 but that’s more a mechanical process of house keeping to keep the spreads tight.

Cheers ........... (not me)
Trading thin liquidity at the boundary of the charts
  • #643
  • Jul 1, 2020 9:00pm Jul 1, 2020 9:00pm
Quoting RickM
{quote} I love a good argument about trading so here is my 2 cent take on the Algo. You won’t see the Algo action looking at a one hour / four hour chart. You see just the big players changing direction after they have accumulated their orders by destroying retail traders equity. The Algo is placed on the tick chart - 1 minute chart time frames because that is where the order flow and density of orders sits. We do see targets in the distance but that’s all. If you have time, study the tick chart speed around accumulation zones and you may or may...
Noted. I still yet to grasp the concept of 1 entity (Algo). But my current understanding is that this so call MM(Algo) does have a boundary and time frame whereby they can strike and manipulate the market. I don't believe that they can do it as and when they like. yes I do associate huge abnormal move (spike) as the manipulated move and I always feel comfortable to trade after that.

Lately, someone mentioned that it is the daily interest rate of EURODOLLAR not EURUSD that plays a big part of the daily move. He seems to be a different class of trader.
  • #644
  • Jul 1, 2020 9:12pm Jul 1, 2020 9:12pm
Pre-Dawn move

Attached Image (click to enlarge)
Click to Enlarge Name: xWWOOH0.png Size: 52 KB
  • #645
  • Jul 1, 2020 9:16pm Jul 1, 2020 9:16pm
not guessing, just waiting

Attached Image (click to enlarge)
Click to Enlarge Name: Z5FVOLd.png Size: 38 KB
  • #646
  • Jul 1, 2020 11:11pm Jul 1, 2020 11:11pm
Hello guys,

After studying some of your multiple deeply valuable posts for some days, mainly on this thread, I have an important question for both of you, Moodybot and RickM; and also maybe for Profitfarmer, to help me clarify things (although your posting is now limited, so please don't feel committed to answer me here):

Considering that your targets (mainly zones of supply/demand or stop-orders accumulation clusters and liquidity gaps/vacuums) mostly function like "price magnets", why don't you also trade continuations and/or breakouts towards their takeout/absorption/clearout (or at least mention doing it), even before the following pullbacks/retracements/reversals happen?

Thanks for all the great knowledge and examples that you have been openly sharing through your wonderful contributions. It's very kind and generous of you .

* And to the threads question: I believe is a combination of several real BIG aggregated international transactions plus manipulation in a smaller "time and distance" scale; constantly balanced and adjusted by a series of algorithmic quantitative HFT black-boxes.

Cheers!
  • #647
  • Jul 2, 2020 1:24am Jul 2, 2020 1:24am
Quoting Viktory
Hello guys, After studying some of your multiple deeply valuable posts for some days, mainly on this thread, I have an important question for both of you, Moodybot and RickM; and also maybe for Profitfarmer, to help me clarify things (although your posting is now limited, so please don't feel committed to answer me here): Considering that your targets (mainly zones of supply/demand or stop-orders accumulation clusters and liquidity gaps/vacuums) mostly function like "price magnets", why don't you also trade continuations and/or breakouts towards...
That’s a good question.

Short answer is profitability is far higher if we wait till the density of market orders collapses at a order cluster creating thin liquidity. Price will now withdraw backwards offering us win rates of over 90%.

In fact we don’t need to wait for order clusters because the boundary at the edge of order flow offers the same reward.

Now if we choose to trade towards a known order cluster, how do we know which cluster the big players want. Other Targets like micro gaps from large ranging candles or vacuums are hidden and unseen. Choosing a target can be a gamble.
Last year I ran a series of tests using a EA To perform this job. So it was a breakout EA aimed towards obvious clusters based on the 1 hour chart. At best I achieved only 63% win rate and lower profitability even though the winning trades contained more pips.

Perhaps other traders are better breakout traders then me, quite possible. However if you are trying to achieve a wage, trade the fade.

Cheers
Trading thin liquidity at the boundary of the charts
  • #648
  • Jul 2, 2020 2:25am Jul 2, 2020 2:25am
Quoting Viktory
Hello guys, After studying some of your multiple deeply valuable posts for some days, mainly on this thread, I have an important question for both of you, Moodybot and RickM; and also maybe for Profitfarmer, to help me clarify things (although your posting is now limited, so please don't feel committed to answer me here): Considering that your targets (mainly zones of supply/demand or stop-orders accumulation clusters and liquidity gaps/vacuums) mostly function like "price magnets", why don't you also trade continuations and/or breakouts towards...
Hello Viktory!
I’ll put in my 2 cents. Indeed, as Rick said, we know where the price will go, but when it is not known what kind of zigzag it can do before it goes to the target. However, you can successfully trade on breakouts in grinding days, there are small kickbacks and good movement. Only with a hard stop at breakeven.
Cheers M
  • #649
  • Jul 2, 2020 3:07am Jul 2, 2020 3:07am
Quoting RickM
{quote} That’s a good question. Short answer is profitability is far higher if we wait till the density of market orders collapses at a order cluster creating thin liquidity. Price will now withdraw backwards offering us win rates of over 90%. In fact we don’t need to wait for order clusters because the boundary at the edge of order flow offers the same reward. Now if we choose to trade towards a known order cluster, how do we know which cluster the big players want. Other Targets like micro gaps from large ranging candles or vacuums are hidden...
So, if I'm reading this correctly, we have a breakout above the upward channel = possible expansion limit. Followed by thin liquidity on the tick chart. Good time to fade the move?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2July1.png Size: 21 KB
Click to Enlarge Name: 2July2.png Size: 17 KB
  • #650
  • Jul 2, 2020 3:37am Jul 2, 2020 3:37am
Quoting Viktory
Hello guys, After studying some of your multiple deeply valuable posts for some days, mainly on this thread, I have an important question for both of you, Moodybot and RickM; and also maybe for Profitfarmer, to help me clarify things (although your posting is now limited, so please don't feel committed to answer me here): Considering that your targets (mainly zones of supply/demand or stop-orders accumulation clusters and liquidity gaps/vacuums) mostly function like "price magnets", why don't you also trade continuations and/or breakouts towards...
Hi Viktory

Profitfarmer can't post in this thread due to his commercial status, however he asked me to post his opinion.
Words from a very talented trader.
Attached Image (click to enlarge)
Click to Enlarge Name: PF.png Size: 198 KB
Trading thin liquidity at the boundary of the charts
  • #651
  • Jul 2, 2020 3:44am Jul 2, 2020 3:44am
Quoting George AUS
{quote} Hello avo ,, That is correct ,, because I DELETED my posts ,,, I may NOT be putting up my charts publicly anymore now ,,, for many reasons ,,, I will also be minimizing greatly my involvement with forum posts as I am wasting too much of my valuable time on other people's work ,,,, Cheers George
This is perfectly understood. Anyone that has taken the time to thoroughly read through your thread will be amazed as to the depth of commitment and generosity in display. The content and the way it was presented; the sequence; colors; caps; exclamations is beyond "human"
Thank you most sincerely for everything and best wishes
  • #652
  • Jul 2, 2020 8:01am Jul 2, 2020 8:01am
correlate it, basket it and don't be greedy

Attached Image (click to enlarge)
Click to Enlarge Name: nGeIyNG.png Size: 131 KB
  • #653
  • Jul 2, 2020 8:43am Jul 2, 2020 8:43am
Quoting RickM
{quote} That’s a good question. Short answer is profitability is far higher if we wait till the density of market orders collapses at a order cluster creating thin liquidity. Price will now withdraw
Rick that is great information... I wonder if you tried that back test in non FX assets

I fully understand your point but eyeballing it (not backtesting) in stocks or futures "shows" me more profitable to go to the targets, granted, you have to wait until their show their hand... I don't post here because I think of not interest for the community but being following George's method almost from the beginning, it changed not only my trade but my view of the Economy.

cheers
JG
  • #654
  • Jul 2, 2020 9:45am Jul 2, 2020 9:45am
Quoting JGalt
{quote} Rick that is great information... I wonder if you tried that back test in non FX assets I fully understand your point but eyeballing it (not backtesting) in stocks or futures "shows" me more profitable to go to the targets, granted, you have to wait until their show their hand... I don't post here because I think of not interest for the community but being following George's method almost from the beginning, it changed not only my trade but my view of the Economy. cheers JG
Hi JG

I have my hands full with scalping FX at present and also because I design and build EA's which is very time consuming. But a trading buddy of mine is starting to build Algo's for the stock market at present so I may have more of a look soon.

Cheers Rick
Trading thin liquidity at the boundary of the charts
  • #655
  • Jul 2, 2020 12:27pm Jul 2, 2020 12:27pm
Quoting RickM
{quote}In fact we don’t need to wait for order clusters because the boundary at the edge of order flow offers the same reward.
Thanks to you, Zoltan and Mik for your answers

What do you mean by that? What's the difference between "order clusters" and the "edges of order flow"? Where are those located?

Cheers!
  • #656
  • Jul 2, 2020 12:29pm Jul 2, 2020 12:29pm
Quoting hepsibah
{quote} So, if I'm reading this correctly, we have a breakout above the upward channel = possible expansion limit. Followed by thin liquidity on the tick chart. Good time to fade the move? {image} {image}
I was thinking about just horizontal price levels...
  • #657
  • Jul 2, 2020 5:37pm Jul 2, 2020 5:37pm
same chart, same setting

Attached Image (click to enlarge)
Click to Enlarge Name: 0esBa6U.png Size: 71 KB


ok still haven't reset the Fib to yesterday H/L

also don't forget I too have Fibs set on 3 months H/L

H4 ADR, Fib, TMA when they come together - I just take a look; they are just a guide, but not an ordinary guide - a good guide to me

no jigsaw puzzle to fix, no mathematical formula that only genius could crack, no riddle upon riddle to tease others

just require patience and practice

Trade well.

Hope some will try them out.
  • #658
  • Jul 2, 2020 5:38pm Jul 2, 2020 5:38pm
Inserted Video


adios
  • #659
  • Jul 2, 2020 8:10pm Jul 2, 2020 8:10pm
Quoting mixedbags
same chart, same setting {image} ok still haven't reset the Fib to yesterday H/L also don't forget I too have Fibs set on 3 months H/L H4 ADR, Fib, TMA when they come together - I just take a look; they are just a guide, but not an ordinary guide - a good guide to me no jigsaw puzzle to fix, no mathematical formula that only genius could crack, no riddle upon riddle to tease others just require patience and practice Trade well. Hope some will try them out.
Hi Mixedbags

There is a reason why traders posts “riddles” in forex factory threads like you mentioned.
I have already had two traders message me after they BROUGHT George’s TMA system off some “”snake sellers” and the promised support never came through. We are talking some good money wasted by honest hard working people. George would be horrified if he thought his methods were “up for sale”. This is a ongoing problem.

Perhaps you should start your own thread in the trading section because I am sure you would get some old RBA systems traders flocking there in droves.

Cheers Rick
Trading thin liquidity at the boundary of the charts
  • #660
  • Jul 2, 2020 8:19pm Jul 2, 2020 8:19pm
Quoting RickM
{quote} Hi Mixedbags There is a reason why traders posts “riddles” in forex factory threads like you mentioned. I have already had two traders message me after they BROUGHT George’s TMA system off some “”snake sellers” and the promised support never came through. We are talking some good money wasted by honest hard working people. George would be horrified if he thought his methods were “up for sale”. This is a ongoing problem. Perhaps you should start your own thread in the trading section because I am sure you would get some old RBA systems traders...
Huh, yea, a bit like Merlin's Amaizng strategy, have you followed up that?
2 traders viewing now