DislikedI'm slowly switching to algorithmic/automated trading because of time and psychology. it's mentally devastating to scalp IMOIgnored
Trade the value
Question: What is the difference between Tick Volume and (true) Volume? 8 replies
Does 'volume' of MT4 show the tick volume of the market? 47 replies
Better volume low volume bar alert 3 replies
Trading in the Zone advanced indicator (Trading Chaos by Bill Williams) 12 replies
volume ask volume bid 0 replies
DislikedI'm slowly switching to algorithmic/automated trading because of time and psychology. it's mentally devastating to scalp IMOIgnored
Disliked{quote} The fundamental problem with volume is the volume from mt4 platform that retail traders work with is tick data from the broker which is mostly filtered meaning "dirty" tick data. This tick data which retail brokers label as volume is not the actual volume of transactions transacted in the interbank market. It may carry the same name of volume but they both don't mean the same thing. So any attempt to pass off this tick data as volume of transactions is wrong.Ignored
Disliked{quote} I trade manually. Algo trading is statistics based trading. Just let you know. I did spend time to build bots trading binary options.Ignored
Disliked{quote} Since none of us retail traders have privy to market orders or actual inter-Bank transactions which we are not participants, isn't it correct that any reference to volume is pure speculation?Ignored
Disliked{quote} yes i know, by automated i mean it can be coded and back-tested without manually back-testing it, cuz it is devastating and tedious. I need to know a lot more about algo trading, do u only use 1 algo to trade all 28 pairs? as far as i'm concern different pairs have different behavior right?Ignored
Disliked{quote} I am not into trading forex bots. The popular one is to trade at bollinger band stddev 3, avoid red news. If I am not wrong RickM trades forex bot. You might want to discuss with him. And Joyny who trades bots exclusively. https://www.forexfactory.com/thread/1049369-ai-talkingIgnored
Disliked{quote} Don't be too quick to comment on his post, you have overlooked one issue. 99.99% of all days liquidity is not on the chart right now. Most marker makers money is spread out over periods of the whole day or waiting for a chance to dump massive liquidity onto the market occasionally. In the mean time, a group of retail traders can move the market and we can trade with them as well for short periods till the big money is applied. As an example, EURUSD on Friday about 3.30 hours after London open had volume for about 45 minutes at only 1/4 average...Ignored
Disliked{quote} ... Can you please be so kind and explain me how you get this 8% ... as far as I know (but I can be wrong of course ) forex markets are not centralized and huge amounts of real money are traded outside the market?Ignored
DislikedWe retail traders have no effect of price end of damn story even during low trading activity. A “group of retail traders can move the market” that is the most wrong statement I’ve seen here so far on FF and I hope people don’t seriously believe this.Ignored
Disliked{quote} Yes forex isn’t centralized however I’m speaking in terms of retail traders trading under brokers. These guys don’t move price. What does move price ? Number 1 are banks they control billions and billions of $. Large participants that are outside the forex market also control price at times such as the stock market. What do I mean by stock market ? Well if there is a crash on let’s say the US stock market, this will effect USD, why? Because when traders pull out of riskier assets such as the stock market they have to purchase USD and thus...Ignored
Disliked{quote} Pop Quiz: Why does demand increase for USD when there are outflows from the stock market?Ignored
Disliked{quote} Pop Quiz: Why does demand increase for USD when there are outflows from the stock market?Ignored
Disliked{quote} Because if US stock market sells will be in usd and looking to go into other markets? Also most other markets traded in usd, heheIgnored
Disliked{quote} Stick with FOREX, which currency other than usd or jpy do these funds run to after they liquidate their stock position? You can say nope but if you check your charts the current USDJPY market is trading at 2016 lowIgnored