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Forex Intrday Volume Trading System

  • #81
  • Jan 18, 2009 5:57pm Jan 18, 2009 5:57pm
Well still doesnt work: no yellow or red or blue lines; only text with numbers in upper left corner.
The Market pays you to be disciplined
  • #82
  • Jan 18, 2009 6:04pm Jan 18, 2009 6:04pm
Quoting mima
Well still doesnt work: no yellow or red or blue lines; only text with numbers in upper left corner.

I think you have misunderstood again.
This indy dosen't drow anything, it show only the price with max vol.
The lines of which you speak, are drawn by EAprogrammer.

Lubo

If I know how, I tell You!! Few but Good!!
  • #83
  • Jan 18, 2009 6:18pm Jan 18, 2009 6:18pm
If the indicator gives a reading of >>>

'BMC Sell Price: 1.3374 with volume: 8.0000000
'BMC Current Price(1.3369) buy volume: 1.000000 sell volume: 4.000000'

Is that a sell recommendation at 1.3374? By the way, the current price was the same as the sell price previously.

thx,
todd
  • #84
  • Jan 18, 2009 6:30pm Jan 18, 2009 6:30pm
Quoting LuboLabo

I think you have misunderstood again.
This indy dosen't drow anything, it show only the price with max vol.
The lines of which you speak, are drawn by EAprogrammer.

Lubo


I have to correct myself again.... ahahhah
For now this indi drows horizontal red line on max vol?!?!



Lubo.
If I know how, I tell You!! Few but Good!!
  • #85
  • Jan 18, 2009 6:41pm Jan 18, 2009 6:41pm
Red line appears to move lower as the sell price changes. So far it was right on when It 1st gave me the sell price of 1.3374.

todd
  • #86
  • Edited 7:17pm Jan 18, 2009 7:06pm | Edited 7:17pm
It drows 3 red lines one for max total volume, one for max sell and one for max buy.
But there's a problem, if u change TF it reset itself.

Lubo.

P.s. i think the line should be red, yellow and blue like mima said.

I apologize to mima.

If I know how, I tell You!! Few but Good!!
  • #87
  • Jan 18, 2009 7:09pm Jan 18, 2009 7:09pm
I only have one red line that moves intermitently. I have no 'Buy Price' listed so maybe that's why. Who knows.

Any idea what the
'BMC Max Price:' meaning is?

thx,
todd
  • #88
  • Jan 18, 2009 7:17pm Jan 18, 2009 7:17pm
All Max Sell price levels act very nicely.

Attach is the screen shot.
Attached File(s)
File Type: doc jan 19 0110GMT.doc   167 KB | 1,958 downloads
If everyone believes it, it will work.
  • #89
  • Jan 18, 2009 7:20pm Jan 18, 2009 7:20pm
Quoting todd960960
I only have one red line that moves intermitently. I have no 'Buy Price' listed so maybe that's why. Who knows.

Any idea what the
'BMC Max Price:' meaning is?

thx,
todd
it means the price with the max volume buy+sell.

Read the first post!

Lubo
If I know how, I tell You!! Few but Good!!
  • #90
  • Jan 18, 2009 7:23pm Jan 18, 2009 7:23pm
thx lubo.....funny i've read the 1st page about 4 times and still missed it. lol

todd
  • #91
  • Jan 18, 2009 7:31pm Jan 18, 2009 7:31pm

At this point I think we need some more clarification from EAprogrammer about how exactly works the indi.


Lubo.
If I know how, I tell You!! Few but Good!!
  • #92
  • Jan 18, 2009 7:35pm Jan 18, 2009 7:35pm
Hai EAPRogrammer,

Still I cannot figure out how to trade with this indi,
those who knows... please help!!!!!!

I read the first post and all the threads upto here!!!!BUt .

Thanks,
Raul.



Quoting LuboLabo

At this point I think we need some more clarification from EAprogrammer about how exactly works the indi.






Lubo.
  • #93
  • Jan 18, 2009 7:51pm Jan 18, 2009 7:51pm
EA,

Thanks for opening this thread. I perused Alex_S' post on futures, and I would love to help figure something out for Forex.

In your first post, I noticed that price and volume reach certain levels and trade in a range for awhile until there is enough buy or sell volume to make a move. Since you've been watching the indicator, do you have a feel for how much volume it takes to move the market? Is there a certain amount of buy versus sell volume that moves the market? How do your Max Total, Max Buy, and Max Sell lines compare to typical daily support and resistance lines?

I know a lot of questions, but I'm at work right now and can't play around with the indicator.

Thanks again for introducing this subject.
  • #94
  • Jan 18, 2009 8:17pm Jan 18, 2009 8:17pm
Is there a step by step approach of how to trade and make money with this new indicator? Thanks all. Paris
  • #95
  • Jan 18, 2009 9:00pm Jan 18, 2009 9:00pm
I've just read all the questions and comments.

I've just beginning collect data for exactly 2 days since the completion of the basic version of the indicator and therefore enhancements will need to perfect it.

So far from my post a bit earlier (forgot the post#), once Max Sell changes it level, its a good signal to SHORT the market. After shorting the market, there are 2 possible scenarios can happen:

1) Market moves south and continue to move south until consolidation period at a lower level (buy and sell volumes are roughly the same); or
2) Market moves south (to certain amount of pips) and rebound back to the previous Max Sell level since sell volumes at those lower price levels are getting smaller and smaller and buy volumes start owing the market.

For further details, please keep reading the post as more tested results and analysis will be posted.
If everyone believes it, it will work.
  • #96
  • Jan 18, 2009 11:08pm Jan 18, 2009 11:08pm
EURJPY Large Sell Vol at 121.42 @0500GMT.
Entry price: 121.32
s/l: 121.92 (Sunday original Max volume)
t/p: 120.72 (last reversal point)

Risk: 60pips (negative) 60pips(positive)
If everyone believes it, it will work.
  • #97
  • Jan 18, 2009 11:31pm Jan 18, 2009 11:31pm
Quoting EAprogrammer
EURJPY Large Sell Vol at 121.42 @0500GMT.
Entry price: 121.32
s/l: 121.92 (Sunday original Max volume)
t/p: 120.72 (last reversal point)

Risk: 60pips (negative) 60pips(positive)

I dont know where you are getting this information. Indicator has dedicated 3 colors: red yellow and blue. Currently I have only one red line @ 121.21

I also use ibfx.

Do you know what is the reason that you have on your computer all lines and I have only one red line?
The Market pays you to be disciplined
  • #98
  • Jan 18, 2009 11:55pm Jan 18, 2009 11:55pm
EAProgrammer do we need to wait for the current buy or sell volume to reach what the sell or buy price 'with volume' number is before placing a trade?

thx,
todd
  • #99
  • Jan 19, 2009 1:27am Jan 19, 2009 1:27am
Quoting EAprogrammer
EURJPY Large Sell Vol at 121.42 @0500GMT.
Entry price: 121.32
s/l: 121.92 (Sunday original Max volume)
t/p: 120.72 (last reversal point)

Risk: 60pips (negative) 60pips(positive)
The reason for trading this is because Max Sell Vol was accumulated in 121.21 and ready to drop.

Take profit @7:15GMT
Draw down: 5pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5 jan 19 intraday volume analysis.gif Size: 31 KB
If everyone believes it, it will work.
  • #100
  • Jan 19, 2009 4:06am Jan 19, 2009 4:06am
Here is what i have.

EA programmer , what I am supposed to do to get it right and can use it?
Attached Image (click to enlarge)
Click to Enlarge Name: v1.gif Size: 46 KB
The Market pays you to be disciplined
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