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Attachments: has anyone EVER seen a successful trader/trading system?
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has anyone EVER seen a successful trader/trading system?

Quoting RickM
{quote} let the market make the big move first before entering when price reaches exhaustion.
Hi RickM!

Could you please give the path how to better determine when price reaches exhaustion? You are using orderbook data and volume?
greed and fear
Quoting ryuryu
{quote} Hi RickM! Could you please give the path how to better determine when price reaches exhaustion? You are using orderbook data and volume?
Increased Volume and Extreme expansion on the M1 Chart.
I never leave M1 so its easy for me to spot.
For example most moves on GBPUSD that show a single move / expansion move more than 34 Pips is likely a reversal point.

Cheers
Trading thin liquidity at the boundary of the charts
I,ve always thought of why currency strength doesn't work even though it shows us what price is doing on all currencies,
I have been looking for 30 years for a fully automated system. Never found one yet. Built, yes I can program as well, loads and they all do well when trending but crash out when ranging. Its difficult with mathematically based indicators to get it right. Curve fitting is the evil in this. I have recently moved on from this and investigating a new idea which removes the maths from the equation. The original indicators defined 50+ years ago were mathematical because it would have been difficult to apply logic to them. Elliot and Gann tried and although I find them subjective, just my opinion. That's not a problem as long as you realise that. Anything programmed will soon find the flaw in a system as every nook and cranny that you may overlook when eyeballing trades will be found, even to the pip.
Good luck with your search. I don't have another 30 years but will keep looking and building.
Quoting RickM
{quote} Hi Godrich At any one time, there is only a very limited amount of orders that sit on the market, enabling traders to be able to open up positions. Most liquidity being applied to the market during the day is aggressive market orders - in other words these are traders and Algo’s that are waiting for a reason to trade. The problem is if every one decides to jump in and take a position around the same time, the traders exhaust the selling orders on a bullish trend or the buyer orders in a bearish trend. We are talking about a band of passive...
Hi @RickM
I didn't understood how do you measure the waves and frequency of price.
Can you please show some chart examples?
Quoting ryuryu
{quote} Hi RickM! Could you please give the path how to better determine when price reaches exhaustion? You are using orderbook data and volume?
Have a look at DeMark TD Sequential. Price exhaustion based on closing price vs closing price 4 bars ago.
Quoting Spikehunter
I have been looking for 30 years for a fully automated system.
You are right, but I came to a conclusion that one of the problem of automated systems is the developer. Most try to create them to act like human. Something like "lazy human". But robots can do a lot of things better than human. For example it can monitor 28 pairs at once on 1m chart. Human can monitor 28 pairs at once at 4h chart. Yes or yes? So do not create robot that will work on 4h but let it run on 1m. Also robot can monitor speed, volume, extreme values. So let it chase for that because human just can't be so fast.
Same way every thread here is about you (human) must be accurate, consistent and disciplined to win. Think and act like a robot.
This is the way ) may be I'm wrong.
greed and fear
Quoting ryuryu
{quote} You you right, but I came to a conclusion that one of the problem of automated systems is the developer. Most try to create them to act like human. Something like "lazy human". But robots can do a lot of things better than human. For example it can monitor 28 pairs at once on 1m chart. Human can monitor 28 pairs at once at 4h chart. Yes or yes? So do not create robot that will work on 4h but let it run on 1m. Also robot can monitor speed, volume, extreme values. So let it chase for that because human just can't be so fast. Same way every...
You mean like this. Don't take any notice of the trading results this is a test system on a demo account. The grey buttons take you to each screen. The screen shows for each pair Stop Loss Poss Profit and current value of trade.
Still working on a new idea.
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I mean like this. This is example. Today btcusd trade.
First EA calculate the distance (zones). For btcusd today they are 4.32% each. Next it start to wait if reversal candle or stochastic will appear outside. That will mean that the price reached extreme value. So you can start opening your trade.

This is eurousd today. Only one trade too.

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Here everything is dynamically calculated. There are no static zone sizes, no static tp, sl. Averaging (if needed) and trailing stops are also dynamic. As you understand EA control 28 pairs, gold, us500, de30 and btc at the same time. Yes, there can be very calm periods, and there will be no big movements, but if there will be robot will catch them all.

I'm not using volumes for trading, but RickM does.
Quoting RickM
{quote} Increased Volume and Extreme expansion on the M1 Chart. I never leave M1 so its easy for me to spot.
So if apply volumes here it will be even more accurate. But I don't know how, I'm tryin to learn how to implement them better.

This is the example of reversal trading. If you want to trade range markets, there are another strategy using the same stuff and approach - everything is dynamically calculated. No static values. Even the lot sizes are dynamic. i understand that is hard to see what the world is goin on my chart, but the message is not about indicators used (moving averages, adr and stoch), but about automation.

Anyway I can be wrong, but I think robot must do only that human can't. It's like a car. It can carry tons, but it can't swim or jump.
greed and fear
Quoting ryuryu
{image} I mean like this. This is example. Today btcusd trade. First EA calculate the distance (zones). For btcusd today they are 4.32% each. Next it start to wait if reversal candle or stochastic will appear outside. That will mean that the price reached extreme value. So you can start opening your trade. This is eurousd today. Only one trade too. {image} Here everything is dynamically calculated. There are no static zone sizes, no static tp, sl. Averaging (if needed) and trailing stops are also dynamic. As you understand EA control 28 pairs, gold,...
I don't think we disagree. By the way haven't you heard of an amphibious car. James Bond had one and the Army use them.
Take care stay safe.
Quoting ryuryu
{quote} Hi RickM! Could you please give the path how to better determine when price reaches exhaustion? You are using orderbook data and volume?
Except order book you also market orders as well as spoofing in order book. But it really depends on the trading instrument. For some penny stocks which are not popular for professional trading firms sometimes order book data can tell you something.
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Quoting MonkeyPlanet
{quote} Except order book you also market orders as well
I have played around orderbook and volumes while was trading crypto. And I have a question I have no answer. For example there are 10 exchanges in the world. I'm playing on one. And I decide to buy big amount at market price. Immediately THE SAME amount, divided or multiplied on average exchange volume will be executed on other 9 exchanges. How it can happen? There are another 9 guys with the same decision, same volume wants to buy/sell at exactly the same second? Also I have investigated that all major crypto exchanges that plays that way have one traffic exchange hub. So they are somehow connected. Or may be they just have one owner.

That's why I stopped trying to implement volume data to my robots. It makes no sense. It seems to me like a big big fake.
As I understand to have real data I have to find the source. RickM takes data from CME and it seems to be the way. I'll try to make it that way too.

Also I have found that for example if you have volume info on crypto exchange and take the same on forex you can have difference. Fo example on crypto red candles always have red volume, but on forex red candle can have green volume. This is very interesting and you can successfully catch that "strange" behavior. In most cases this is reversal point.
greed and fear
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