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Most volatile EU/GU/XAU/BTC trading

  • #1,181
  • Oct 29, 2022 2:26pm Oct 29, 2022 2:26pm
Quoting Bigballer12
{quote} Hey RYURYU! I am wondering if you would be willing to message 1 on 1 with me as I have questions on how you trade? We could chat or do a phone call if that works for you! thanks again
Feel free to join my discord group

I also published my bot version 2 to github: https://github.com/ryu878/bybit_scalp_bot_v2
It is free and open source, but hurry up, greedy assholes will soon remove the link from here (they will say that I promote my free discord group haha)
Observer effect
  • #1,182
  • Oct 31, 2022 11:06am Oct 31, 2022 11:06am
Well I've attempted to implement what I've learned. I monitored buy/sell along with volume spikes to see how that moves the market, and once I was comfortable with that I set up a good volume/delta chart on Quantower, learnt the functionality of that, and I started making small trades with a very small account balance. It became pretty apparent how useful a rising volume/Delta combination can really strongly signal your direction. I also looked for major imbalance for the short term reversal.

I ended up with about a 7% increase (very small account, mind you) Over a couple days testing this. I wont take all the credit for that as I did happen to notice what was going on with Doge and if I was more experienced I could have rode that out for a lot more I'm sure. But I'm quite happy with the results and how much clearer the information I was getting while making my decisions was.

This is all manual also, I've no coding/bot experience, but I find the posts about that pretty interesting.
  • #1,183
  • Nov 1, 2022 5:19am Nov 1, 2022 5:19am
Quoting MikeM
Well I've attempted to implement what I've learned. I monitored buy/sell along with volume spikes to see how that moves the market, and once I was comfortable with that I set up a good volume/delta chart on Quantower, learnt the functionality of that, and I started making small trades with a very small account balance. It became pretty apparent how useful a rising volume/Delta combination can really strongly signal your direction. I also looked for major imbalance for the short term reversal. I ended up with about a 7% increase (very small account,...
Hi Mike

Sounds like you are trading well.

No need for bots if you choose to go that way, I prefer to burn bots to a crisp on a barbeque but don't tell Ryan that.
Quantower handles crypto very well and its orderflow tools will suit you just find. I must admitt the running account profit or loss tends to be a bit out but it works well enough to keep me happy when trading crypto.

The best Quantower feature in my opinion is the watchlist where you can set alerts for almost anything, high delta, high volume or about 40 other alerts as well.
Spend some time looking at the Footprint charts everynight with the imbalance settings on - there's some hidden messages there you may pick up after a period of time.

Good Luck
Trading thin liquidity at the boundary of the charts
  • #1,184
  • Edited 11:16am Nov 1, 2022 10:58am | Edited 11:16am
Quoting RickM
{quote} Supply and demand is just liquidity pools sitting in a market but where are they really?. Here we use volume data to see where these orders are actually sitting on the Order books. We can also see Iceberg orders, order sproofing and the nasty HFT algos doing there thing buzzing around liquidity at the edge of the spread. This gives us a slight edge to know where REAL orders sit, but its still up to the trader to turn this information into hard cash of course. Some supply & demand traders often just use lines to try and spot them - thats...
I do not agree that there is no point in trading with the delta in foreign exchange trading.
this is my own experience.

and you don't even need special data. what the brokers provide is more than enough.
  • #1,185
  • Nov 1, 2022 12:14pm Nov 1, 2022 12:14pm
Quoting tiborf71
{quote} I do not agree that there is no point in trading with the delta in foreign exchange trading. this is my own experience. and you don't even need special data. what the brokers provide is more than enough.
Observer effect
  • #1,186
  • Nov 1, 2022 4:35pm Nov 1, 2022 4:35pm
Quoting tiborf71
{quote} I do not agree that there is no point in trading with the delta in foreign exchange trading. this is my own experience. and you don't even need special data. what the brokers provide is more than enough.
Hi Tiborf71

Forex brokers only provide data that shows price, they hide data that shows whether it was the result of a buyer or a seller.

In this thread, we believe it's important to know when a large player is buying or selling or if they are pulling liquidity or stacking liquidity.

If you feel that information is not important, I think you are only seeing half the picture but good luck with your trading career.

Cheers
Trading thin liquidity at the boundary of the charts
  • #1,187
  • Nov 1, 2022 5:30pm Nov 1, 2022 5:30pm
Trading stocks, almost every trader looks at volume of buyers and sellers, and orders on chart.

Why do forex traders suddenly think it’s not important?.

I know, because there broker states it’s not important therefore you ain’t getting it.

Bloody hell guys.
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Trading thin liquidity at the boundary of the charts
  • #1,188
  • Nov 1, 2022 11:56pm Nov 1, 2022 11:56pm
Quoting RickM
{quote} Hi Tiborf71 Forex brokers only provide data that shows price, they hide data that shows whether it was the result of a buyer or a seller.
However, there are other ways that traders can determine market volume, such as the tick volume or number of price changes.

If the market price is changing rapidly, it can be an indicator of high trading volume.
  • #1,189
  • Nov 2, 2022 12:05am Nov 2, 2022 12:05am
Quoting RickM
Why do forex traders suddenly think it’s not important?
Volumes can be simulated as part of the game big players play to trick the market.. you can make impression that movement is weak with small volume..traders bet on that and go for reversal. But then you pump additional volume...

Volumes info does not guarantee anything. Just probabilities.

Yes you must avoid to trade when no liquidity. Therefore trade popular assets..
  • #1,190
  • Nov 2, 2022 2:07am Nov 2, 2022 2:07am
Quoting joyny
{quote} However, there are other ways that traders can determine market volume, such as the tick volume or number of price changes. If the market price is changing rapidly, it can be an indicator of high trading volume.
Hi Joyny

There is no other way to determine market volume other than to see the data coming from executed market order sheet. I conducted a lot of research into tick volume with a couple of my Algo buddies back in 2017 where we were attempting to build volume-based strategy's using forex brokers tick data. To be exact, we were using IC Markets data downloaded of their C Trader platform. Our results showed that tick volume was a great indicator for market ACTIVITY, it was totally useless to use as a volume indicator. Look many will say here that a high activity event may likely mean it's also a high-volume event as well, but when we tested it through our platforms - it produced zero profits over the past 10 years.

Either we were bad Algo builders or not is up to debate, but Tick volume doesn't stack up anywhere close to being useful as a volume indicator.
For me its FRAUD.

As for your second point - the only traders that are aware of weak volume is Order Flow traders themselves who are used of every bloody move being some form of silly trap. Jessus Christ it's at us all night long - low volume spikes hiding an absorption trap. high volume spikes attempting to suck you into the flow.

I can list 20 more bloody traps -

Shit Shit Shit - F......k this game - gee I need a drink.

Don't think Volume traders have it any easier than any other trader - hell its tough job full stop

OK

Now I've calmed down, volume can help a lot but the truth is real money is made by FOLLOWING MARKET ORDERS, not regular volume delta.
The probabilities of winning your trade following market orders if you can also see the complete or unfinished auctions occur on the books - is about 90% (with practice and the odd losing day of course because us humans do stupid things)
If you just follow regular volume signals, you only have a small edge over non order flow traders.

Let me give you a real-life description on how I trade volume last night on the S&P.

Order Flow strategies require a minimum amount of participates involved in the market to be able to become profitable. We don't want 2 large guys trading $100,000,00 each - we want 400,000 guys trading with $500 each because this way no one has control of the market. On the S&P E-Mini Futures - about 500 contracts a minute is enough to build a trustworthy order flow strategy. Once the volume levels pass this level, I only focus on market order urgency and how each auction was conducted.

A.. Volume levels above 500
B.. Was the last Auction complete and was there a reaction to this event?
C.. Was there a large order appear against the complete auction event that just occurred?

Yes to all three - Trade aggressively while closely watching for sudden pullbacks.
So last night I took about 15 trades with 14 wins to increase my equity by 7% - draw down on one trade occurred as my stop failed so I had to flatten it manually.

My point is just like Ryuryu keeps saying here, trade when volume is high and only trade when market orders agree.

Cheers

PS. Still trying to beat Ryuryu's bot, I'll rather die than give in to the little p....k
Trading thin liquidity at the boundary of the charts
  • #1,191
  • Nov 2, 2022 3:10am Nov 2, 2022 3:10am
Quoting joyny
{quote} However, there are other ways that traders can determine market volume, such as the tick volume or number of price changes. If the market price is changing rapidly, it can be an indicator of high trading volume.
Also you can check the Moon cycle. Or crystal ball is another good tool in trading as I know (if check successful traders posts here on FF).

Forex has no
1. Trades data
2. Orderbook data

There are no information how many orders were traded. No orderflow ever.
There are no information about orders in the orderbook. Threre are no orderbook ever.

Please if you are trading with no vol data this thread is not for you. Trade as you wish, we don't care. This thread is about trading the volume.

Moreover, if you still trading on forex that mean you are not a trader. Because the first task of any trader is to cut the risks and to increase the profits. If you can't calculate how much 2+2 is then call yourself as you like but for me you are not a trader. Go draw fancy lines and rectangles. This thread is not for gamblers.
Please, I have no time to post the same statements more and more.

This thread is to find people who trade the same way and can contribute. It is not to teach you how to trade or to proof the concept. Better open your mt4, draw colored lines and calm down thinking you are a trader.
Observer effect
  • #1,192
  • Nov 3, 2022 5:22am Nov 3, 2022 5:22am
Hi Ryan, I will observe what you guys doing here. I believe i am already dissilusionned about "lines" but have not yet confirmed this with my psychiatrist )

On serious note what i believe - momentum (indication of volume/imbalance/manipulation), agressiveness (pure and absorbed (reaction of price - liquidity pools/limit orders)), and most important oversold/overbought location, which is basically outside of some range.
  • #1,193
  • Nov 3, 2022 5:26am Nov 3, 2022 5:26am
Quoting ryuryu
What is sensitive in trading? Time and volume. There are no other things you should check to be successful in trading. Timing is everything and volume is a key. But both is the most powerful instrument you have. Look at this. Why waste time to trade here? {image}There are no volume, no delta, no appropriate candle size. Nothing. Just a mess. But look at this beauty: {image}
already like it.
  • #1,194
  • Nov 3, 2022 6:05am Nov 3, 2022 6:05am
Quoting ryuryu
{quote} You are absolutely right. But keep in mind that not good TP is the key but good TPs. You have no chance with 1 entry and 1 tp.
  • #1,195
  • Nov 3, 2022 11:04am Nov 3, 2022 11:04am
Have added "modes" to the bot

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What mode you choose?
Observer effect
  • #1,196
  • Nov 3, 2022 12:03pm Nov 3, 2022 12:03pm
Quoting ryuryu
{quote} Also you can check the Moon cycle. Or crystal ball is another good tool in trading as I know (if check successful traders posts here on FF). Forex has no 1. Trades data 2. Orderbook data There are no information how many orders were traded. No orderflow ever. There are no information about orders in the orderbook. Threre are no orderbook ever. Please if you are trading with no vol data this thread is not for you. Trade as you wish, we don't care. This thread is about trading the volume. Moreover, if you still trading on forex that mean you...
this thread is great.

I also trade with delta, but what is surprising is that it is on forex.

I disagree that the delta approach cannot be used in forex trading. Even if it is not as effective as some members' methods in the crypto market. you can still profit.
  • #1,197
  • Edited 3:40pm Nov 3, 2022 3:26pm | Edited 3:40pm
Quoting tiborf71
{quote} this thread is great. I also trade with delta, but what is surprising is that it is on forex. I disagree that the delta approach cannot be used in forex trading. Even if it is not as effective as some members' methods in the crypto market. you can still profit.
Delta is just the difference. Of course you can trade using "difference".
The difference is what "difference" you are using.
Difference in real data, or difference in fake data. On forex you are trading using the "difference" on the data that is not real. Ok. Why not.

If you think that difference of fake data tell you something, then you believe in all the magic shit around. This is your choice. I don't care about it. You can believe in what you want. As I know it is not prohibited by law.

But here we discuss REAL TRADING VOLUME DATA approach. Not the fake tick data. Not the "average / 100 data", not the "I think this is OK data".

You can do easy check. Ask your "successful forex friend" to open 0.23 lot size limit order on your favorite broker. And check the orderbook. I can bet that you will no see it. When please tell me what the heck "volume" we are discussing here. Magic volume from the wonderland? Okay. Good. But not interesting.
Observer effect
  • #1,198
  • Nov 3, 2022 4:06pm Nov 3, 2022 4:06pm
Quoting ryuryu
{quote} Delta is just the difference. Of course you can trade using "difference".
I check code of popular delta indicators in mt4 - whatever it is it is not delta )
  • #1,199
  • Nov 3, 2022 4:21pm Nov 3, 2022 4:21pm
Quoting ffpriceactio
{quote} I check code of popular delta indicators in mt4 - whatever it is it is not delta )
It’s just the difference of Tick volume which has proven to be really an ACTIVITY indicator for Tick movement on the MT4 platform,
Trading thin liquidity at the boundary of the charts
  • #1,200
  • Nov 3, 2022 5:01pm Nov 3, 2022 5:01pm
Quoting ryuryu
{quote} So if some want to trade like we do - welcome. But please share. If some don't like - go to Trading Made Simple thread. They think that Stoch confirms TDI. And that if it was 2 green candles next will be green too. That will be the right place to show your drawing skills.
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