DislikedWhile testing the AMA and TS model, I asked myself what was generating the price / current candlestick chart. I don't know if I understand it correctly, but I get something like this: 1. In the Order Book we see buy / sell offers (no market orders are visible there) 2. Offers have price and volume (aggregated) 3. The market buyer / seller comes and places the order on the market, and the deal is carried out with the closest price from the offers "order book" and price moves to this place. If this is true, then in special cases the price may be changed...Ignored
The interesting thing is that you found that this APV TS model works more in the ranging market than in the trend one. I honestly thought that it works more with the trend on the marketbut maybe I did not do enough tests.
To chase the profit as much as possible, one has to arrange an implicit TP. That is, I use ATR to calculate a real time TP value when the price reaches the value, I close the position. I do not set a explicit TP (TP=0) when entering the position. I tested my EA which is designed for running in a ranging market. I have my definition of what the ranging market is. According to my ranging definition, XAUUSD was in ranging from 2021/07/01 to 2021/07/30 as following picture shown:
Attached is the test results of my EA, one is employing APV TS, another is not. You can find APV TS did reduce a very small amount of loss.
Also, there are no any position closed by s/l is result a positive profit. Conclusion is APV TS won't increase the potential gain. But it can reduce loss.
{quote} As to my test, APV TS did help to reduce a small amount of loss in a ranging market. However, in a trending market, APV TS will also restrict the possible profit to be reached. Frankly speaking, using trailing stop won't enlarge your gain but can reduce your loss. To chase the profit as much as possible, one has to arrange an implicit TP. That is, I use ATR to calculate a real time TP value when the price reaches the value, I close the position. I do not set a explicit TP (TP=0) when entering the position. I tested my EA which is designed...
As for SL and TP. I prepared EA with the Trailling Profit version. Can be used separately and together with the trailling stop loss. Then a specific grid is created
When I better understood what and why the price was changing, I also understood that there is a buyer / seller at a given price level who "defends" it.
It is known that little traders will not defend anything, but you can look for large traces.
I developed a quick EA (simple) that computes candles that generating significant levels levels.
When testing for the EU, I split the levels on three: very large, large and medium.
You can clearly see which candles are generating levels and how the price will react to them in the future. In my opinion, you can try to create a strategy here.
I have noticed that important levels are set by candles that visually I would never suspect generate an important level.
Additionally, I can check the dynamics of a given currency in several time intervals and see what is happening. Eg for H1 see and trade S / D lines with D1.
Most importantly, today I figured it out, now I'm working on catching high torque candles on several currencies like EU, UJ, GU etc to see if they are somehow synchronized or if the money is flowing in some way.
I am attaching some screenshots of the level generation, the levels appear on candles that have a label. You can see the level when and how the price is performing relative to it later. For example, in 2015-2017 you can see a beautiful bear-bull fight.
It is known that little traders will not defend anything, but you can look for large traces.
I developed a quick EA (simple) that computes candles that generating significant levels levels.
When testing for the EU, I split the levels on three: very large, large and medium.
You can clearly see which candles are generating levels and how the price will react to them in the future. In my opinion, you can try to create a strategy here.
I have noticed that important levels are set by candles that visually I would never suspect generate an important level.
Additionally, I can check the dynamics of a given currency in several time intervals and see what is happening. Eg for H1 see and trade S / D lines with D1.
Most importantly, today I figured it out, now I'm working on catching high torque candles on several currencies like EU, UJ, GU etc to see if they are somehow synchronized or if the money is flowing in some way.
I am attaching some screenshots of the level generation, the levels appear on candles that have a label. You can see the level when and how the price is performing relative to it later. For example, in 2015-2017 you can see a beautiful bear-bull fight.
I created the above levels based on these indicators. Screens in attachments.
1. it comes out very interesting. In the flow chart of the momentum vector, you can see how the capital flows between the pairs ... and evident time when risk on / risk off. Probably, if we will generate each pair, we could combine it into one great moment flow.
2 additionally it comes out as if the momentum prevails in one direction.
Generally there are big forces putting their capital into short EURUSD and short USDJPY.
As if the opposition because short EURUSD is buy USD. A short USDJPY to sell USD
(see Momentum_Cumulatively)
Remember that according to the price mechanics, high power momentum does not have to mean a lot of movement on the price, see the posts above.
First three are EURUSD, next three are USDJPY.
PS. for people who want to, I can share a video from the EURUSD history, how the levels are generated in advance and how the price reacts to them. Write to me on priv and I will share the link.
1. it comes out very interesting. In the flow chart of the momentum vector, you can see how the capital flows between the pairs ... and evident time when risk on / risk off. Probably, if we will generate each pair, we could combine it into one great moment flow.
2 additionally it comes out as if the momentum prevails in one direction.
Generally there are big forces putting their capital into short EURUSD and short USDJPY.
As if the opposition
because short EURUSD is buy USD. A short USDJPY to sell USD(see Momentum_Cumulatively)
Remember that according to the price mechanics, high power momentum does not have to mean a lot of movement on the price, see the posts above.
First three are EURUSD, next three are USDJPY.
PS. for people who want to, I can share a video from the EURUSD history, how the levels are generated in advance and how the price reacts to them. Write to me on priv and I will share the link.
Currently looking important levels by my special indicator.
EURUSD Daily.
So far, I have been testing it live for two days (but on H1), and so far all entries have been accurate (veru accurate and profit was very large)
Right now, we have a bull zone near the price, it is quite strong. Suppose its power is 400, but over there are two bearish zones 350 and 250.
I wonder how the price will behave in this area. When breaks this zone down, we have a lot of space.
EURUSD Daily.
So far, I have been testing it live for two days (but on H1), and so far all entries have been accurate (veru accurate and profit was very large)
Right now, we have a bull zone near the price, it is quite strong. Suppose its power is 400, but over there are two bearish zones 350 and 250.
I wonder how the price will behave in this area. When breaks this zone down, we have a lot of space.
- #31
- Edited 12:07pm Sep 7, 2021 11:52am | Edited 12:07pm
- Joined Nov 2018 | Status: Trader | 264 Posts
Hello doerpen
It's great that we have a similar point of view.
I'd love to hear your vision and concept for "big boys". How can you share it here, and if not, please send a message to priv
I am doing research all the time.
Nevertheless, I have developed a nice understanding of the momentum levels & the volume levels, and I use them every day in my manual trading so far with positive results.
EA for that is "under development" so far I have individual parts of the whole concept, as you know it's a creative process
Current situation:
1. My trailling stop works great in combination with high momentum level detection (trend)
2. The high momentum levels are actually the ends of the distribution and accumulation zones. Ultimately, they work much like Market Profile / Volume Profile.
3. I can calculate the momentum cumulatively to additionally examine the net balance of buyers and sellers, but from a different perspective (momentum = trend)
Today I traded a lot and I came up with the idea of such a visualization of the volume profile and hov price go thrue them
It helped a lot to clarify and understand the point that price is tending to places where there is a lot of volume, but has to climb many valleys and mountains to get there. To go uphill, you must have a momentum with the right force and turn, but from above it is a free fall (without effort)
It's great that we have a similar point of view.
I'd love to hear your vision and concept for "big boys". How can you share it here, and if not, please send a message to priv
I am doing research all the time.
Nevertheless, I have developed a nice understanding of the momentum levels & the volume levels, and I use them every day in my manual trading so far with positive results.
EA for that is "under development"
so far I have individual parts of the whole concept, as you know it's a creative process Current situation:
1. My trailling stop works great in combination with high momentum level detection (trend)
2. The high momentum levels are actually the ends of the distribution and accumulation zones. Ultimately, they work much like Market Profile / Volume Profile.
3. I can calculate the momentum cumulatively to additionally examine the net balance of buyers and sellers, but from a different perspective (momentum = trend)
Today I traded a lot and I came up with the idea of such a visualization of the volume profile and hov price go thrue them
It helped a lot to clarify and understand the point that price is tending to places where there is a lot of volume, but has to climb many valleys and mountains to get there. To go uphill, you must have a momentum with the right force and turn, but from above it is a free fall (without effort)
- #32
- Last Post: Edited 7:20am Nov 7, 2021 1:05am | Edited 7:20am
- Joined Nov 2015 | Status: Trader | 2,525 Posts
Hello doerpen It's great that we have a similar point of view. I'd love to hear your vision and concept for "big boys". How can you share it here, and if not, please send a message to priv I am doing research all the time. Nevertheless, I have developed a nice understanding of the momentum levels & the volume levels, and I use them every day in my manual trading so far with positive results. EA for that is "under development"
2. It is better to flow with it and jump on the bandwagon whenever you sense its speed.
3. If you can develop a momentum speed meter using volume, or pips strength in M1 , it will surely work well for short term trading. Experienced traders can sense it by looking at the chart without using any indicator as such.
4. I am mainly an options trader and trade equity indexes futures mostly. The momentum of a 500-pip (Dax index) can happen completing both distribution and accumulation cycles just in a single day. It may also take 60 days for an 800- pips range to inflict psychological pain. At the end of the day, those with deep pockets of keeping 1,000 pips in their account will win the day just by sleeping over it for 60 days and DOING NOTHING.
5. Trading (whether fighting big boys or not) needs deep pockets. Small account holders have to be content with day trading for indexes and live by their own wits.
Practice makes a person perfect