Volman meets Burke or My journey with PA | Page 147 | Forex Factory

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Volman meets Burke or My journey with PA

  • #2,921
  • Jun 22, 2023 10:24am Jun 22, 2023 10:24am
Quoting Shabs19
{quote} Oh.. Thanks for clearing that up. I have used ATR lines before, looked similar. The idea being the ATR tells you where to place your stops and helps to define a trend direction of a HTF. Then use price crossing Ma's in the same direction as ATR. The ATR can also be looked at as dynamic Market Structure.
Slightly different ways to attempt to achieve the same result. We really are not that far apart.
Mark ... Everything you have been told is a LIE
  • #2,922
  • Jun 22, 2023 10:27am Jun 22, 2023 10:27am
Quoting spzd
Using mt5 (a cheap platform), I am limited in what I can do with this. I have been looking into multicharts, mostly for the indexes. I have a few ideas to make this quite accurate. Will need to brush up on my coding.
I have stuck with MT4 until they make MT5 as reliable.

Plus there seems to be a lot more coders for MT4 than MT5

MT4 not the best but so used to it now, like old trainers ........
It never gets easier, you just get better
  • #2,923
  • Jun 22, 2023 10:27am Jun 22, 2023 10:27am
Quoting spzd
Using mt5 (a cheap platform), I am limited in what I can do with this. I have been looking into multicharts, mostly for the indexes. I have a few ideas to make this quite accurate. Will need to brush up on my coding.
I admit that this becomes curve fitting. OK by me. Slight adjustments for the few things I look at.
Mark ... Everything you have been told is a LIE
  • #2,924
  • Jun 22, 2023 10:34am Jun 22, 2023 10:34am
Quoting Shabs19
{quote} I have stuck with MT4 until they make MT5 as reliable. Plus there seems to be a lot more coders for MT4 than MT5 MT4 not the best but so used to it now, like old trainers ........
By now the platform should be solid as a rock. mt4, then mt5, were developed when the fly by night brokers were into serious manipulation of their clients' feeds.

I have a multi-core cpu and have few issues as mt5 runs in just one.

They say mt5 is good for any asset, but I say not really. It is still mainly a forex platform.
Mark ... Everything you have been told is a LIE
  • #2,925
  • Jun 22, 2023 10:39am Jun 22, 2023 10:39am
UJ is a bit more generous. Today so far is a USD day.

Attached Image (click to enlarge)
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Mark ... Everything you have been told is a LIE
  • #2,926
  • Jun 22, 2023 10:41am Jun 22, 2023 10:41am
Quoting spzd
{quote} By now the platform should be solid as a rock. mt4, then mt5, were developed when the fly by night brokers were into serious manipulation of their clients' feeds. I have a multi-core cpu and have few issues as mt5 runs in just one. They say mt5 is good for any asset, but I say not really. It is still mainly a forex platform.
That would be dependant on how good the Broker's Feed is.

It's just that MT5 has problems with previously coded indicators & scripts not working after MT5 updates and having to be re-written or altered.

MT4 however after update 600 + , most old indicators are still working, maybe using only the ex4 files.
It never gets easier, you just get better
  • #2,927
  • Jun 22, 2023 10:53am Jun 22, 2023 10:53am
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Mark ... Everything you have been told is a LIE
  • #2,928
  • Jun 22, 2023 10:58am Jun 22, 2023 10:58am
Quoting Shabs19
{quote} That would be dependant on how good the Broker's Feed is. It's just that MT5 has problems with previously coded indicators & scripts not working after MT5 updates and having to be re-written or altered. MT4 however after update 600 + , most old indicators are still working, maybe using only the ex4 files.
The indexes are through CQG which is one of three *data providers for CME. The other two are Rithmic and TT.

Not the broker in this case.

I have noticed there are some issues with mt5 indicators. I think they wanted to get closer to c# and c++ object oriented coding. mt4 coding can be somewhat crude.

edit* main
Mark ... Everything you have been told is a LIE
  • #2,929
  • Jun 22, 2023 10:58am Jun 22, 2023 10:58am
Quoting spzd
{image}
very cool price came right to it!
without patience how can you be a trader?
  • #2,930
  • Jun 22, 2023 11:00am Jun 22, 2023 11:00am
Quoting Steverino832
{quote} very cool price came right to it!
Lots of study and thought to get that close. I think it could be even more precise.
Mark ... Everything you have been told is a LIE
  • #2,931
  • Jun 22, 2023 11:02am Jun 22, 2023 11:02am
And it bounced up from there.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1-3.png Size: 29 KB
Mark ... Everything you have been told is a LIE
  • #2,932
  • Jun 22, 2023 11:04am Jun 22, 2023 11:04am
BRN 143 just above price.
Mark ... Everything you have been told is a LIE
  • #2,933
  • Jun 22, 2023 11:04am Jun 22, 2023 11:04am
Quoting spzd
And it bounced up from there. {image}
yes very nice, I like it!
talk to you guys later got to run
without patience how can you be a trader?
  • #2,934
  • Jun 22, 2023 11:10am Jun 22, 2023 11:10am
One thing, when price gets inside a Hull it is often the end of the move. There will be pushes to test sometimes. Sometimes not. This is a process.

Attached Image (click to enlarge)
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Mark ... Everything you have been told is a LIE
  • #2,935
  • Jun 22, 2023 11:10am Jun 22, 2023 11:10am
Quoting Steverino832
{quote} yes very nice, I like it! talk to you guys later got to run
Take care.
Mark ... Everything you have been told is a LIE
  • #2,936
  • Jun 22, 2023 11:34am Jun 22, 2023 11:34am
Quoting spzd
{quote} The indexes are through CQG which is one of three *data providers for CME. The other two are Rithmic and TT. Not the broker in this case. I have noticed there are some issues with mt5 indicators. I think they wanted to get closer to c# and c++ object oriented coding. mt4 coding can be somewhat crude. edit* main
I understand that we have to progress, but in my book, " if it isn't broke, don't try to fix it".
It never gets easier, you just get better
  • #2,937
  • Jun 22, 2023 11:38am Jun 22, 2023 11:38am
Quoting Shabs19
{quote} I understand that we have to progress, but in my book, " if it isn't broke, don't try to fix it".
If I was only trading currencies with my own account mt4 would be just fine.

edit: that's because all I need are in some easy to use/adjust indis that I have had for many years.
Mark ... Everything you have been told is a LIE
  • #2,938
  • Jun 22, 2023 12:14pm Jun 22, 2023 12:14pm
Quoting spzd
{quote} If I was only trading currencies with my own account mt4 would be just fine. edit: that's because all I need are in some easy to use/adjust indis that I have had for many years.
Most MT4 brokers do the main indices, crypto & some stocks as well.

Margins are pretty steep compared to currencies on some indices, but is to be expected.
It never gets easier, you just get better
  • #2,939
  • Jun 22, 2023 12:26pm Jun 22, 2023 12:26pm
Quoting spzd
One thing, when price gets inside a Hull it is often the end of the move. There will be pushes to test sometimes. Sometimes not. This is a process. {image}
You can alter the "speed" of the Hull Ma, so it doesn't overshoot the way it does.
It never gets easier, you just get better
  • #2,940
  • Jun 22, 2023 4:28pm Jun 22, 2023 4:28pm
Quoting Shabs19
{quote} Most MT4 brokers do the main indices, crypto & some stocks as well. Margins are pretty steep compared to currencies on some indices, but is to be expected.
Those are CFDs. My day trading margin for 1 micro contract ($5/pt) is $40.

The spreads on most of those CFDs are also quite large compared to the CME futures which are almost always 1 tick = .25 pts.
Mark ... Everything you have been told is a LIE
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