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Forex Intrday Volume Trading System

  • #101
  • Jan 19, 2009 4:11am Jan 19, 2009 4:11am
Quoting mima
Here is what i have.

EA programmer , what I am supposed to do to get it right and can use it?
Download the indicator again from post#1
If everyone believes it, it will work.
  • #102
  • Jan 19, 2009 4:21am Jan 19, 2009 4:21am
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)
What timeframe are you using to trade this?
  • #103
  • Jan 19, 2009 4:26am Jan 19, 2009 4:26am
As of 1020GMT,

GBPUSD Max Buy Vol price level is up north, and Max Sell Vol price is down very south. This is very nice setup for this pair.

What we are expecting here is wait the Max Buy Vol will change to any current price level and start going back up again.

Stay posted.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5 jan 19 intraday volume analysis.gif Size: 22 KB
If everyone believes it, it will work.
  • #104
  • Jan 19, 2009 4:38am Jan 19, 2009 4:38am
I downloaded latest as you said. Same thing. I gave up. Thanks
The Market pays you to be disciplined
  • #105
  • Jan 19, 2009 4:41am Jan 19, 2009 4:41am
Quoting mima
I downloaded latest as you said. Same thing. I gave up. Thanks
Same situation. I use Alpari
  • #106
  • Jan 19, 2009 4:56am Jan 19, 2009 4:56am
This indicator cannot start using after the day started.

Volume information will not read the same if one started at 0000GMT and one started at 1000GMT.

Download the indicator from post#1 and start again on 0000GMT.

Please note: Any changes to timeframe, reload indicator, exit platform will result in lost of data and need to restart again next day. So, make sure your computer is fresh (restart before the day starts) and setup your timeframe before loading the indicator.
If everyone believes it, it will work.
  • #107
  • Jan 19, 2009 5:01am Jan 19, 2009 5:01am
EA - chart as per my PM
Attached Image (click to enlarge)
Click to Enlarge Name: jan 19 ej 5m 1100.gif Size: 17 KB
Attached File(s)
File Type: mq4 MA_Angle_v4.mq4   8 KB | 1,173 downloads
Trading Levels with WRBs
  • #108
  • Jan 19, 2009 5:03am Jan 19, 2009 5:03am
GBPUSD Max Buy Vol changes from 1.4878 to 1.4676 @1058GMT.

Now, we should wait for the 1.4676 area to accumulate more buy volumes, and we can enter the market when the price level leaves that zone.

Expecting back to previous high @1.4878 area.

Stay post.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5 jan 19 intraday volume analysis.gif Size: 23 KB
If everyone believes it, it will work.
  • #109
  • Jan 19, 2009 5:10am Jan 19, 2009 5:10am
Quoting EAprogrammer
This indicator cannot start using after the day started.

Volume information will not read the same if one started at 0000GMT and one started at 1000GMT.

Download the indicator from post#1 and start again on 0000GMT.

Please note: Any changes to timeframe, reload indicator, exit platform will result in lost of data and need to restart again next day. So, make sure your computer is fresh (restart before the day starts) and setup your timeframe before loading the indicator.

I dont understand this : i have to try again tomorow exactly at 000gmt? and if i miss it i have to wait next day?
The Market pays you to be disciplined
  • #110
  • Jan 19, 2009 5:12am Jan 19, 2009 5:12am
Quoting mima
I dont understand this : i have to try again tomorow exactly at 000gmt? and if i miss it i have to wait next day?
Unfortunately thats the reality for this indicator.
If everyone believes it, it will work.
  • #111
  • Jan 19, 2009 7:54am Jan 19, 2009 7:54am
Quoting EAprogrammer
This indicator cannot start using after the day started.

Volume information will not read the same if one started at 0000GMT and one started at 1000GMT.

Download the indicator from post#1 and start again on 0000GMT.

Please note: Any changes to timeframe, reload indicator, exit platform will result in lost of data and need to restart again next day. So, make sure your computer is fresh (restart before the day starts) and setup your timeframe before loading the indicator.
But those conditions will make your indicator unusable
I hope you can find a better solution
Best wishes
  • #112
  • Jan 19, 2009 8:07am Jan 19, 2009 8:07am
Quoting maptoprofit
But those conditions will make your indicator unusable
I hope you can find a better solution
Best wishes
Thanks for the comment.
I am already looking for ways to retain data locally.
In the meanwhile, I am running it and collect data for analysis 24/7.

Alternate solution is to open 2 charts, one with fix TF with the indicator and one without the indicator and load your favourite indicator/ea as a cross reference. Since volume will not change when TF changes, so, my preference is a m5 chart.

Hope that explains.
If everyone believes it, it will work.
  • #113
  • Jan 19, 2009 8:21am Jan 19, 2009 8:21am
Isn't market profile indicator basically the same as EAprogrammer's indicator is it?
Attached File(s)
File Type: ex4 6102-market-profile-marketprofile.ex4   6 KB | 1,165 downloads
  • #114
  • Edited 9:00am Jan 19, 2009 8:50am | Edited 9:00am
Quoting Peke5
Isn't market profile indicator basically the same as EAprogrammer's indicator is it?
No, not at all. MP is a stat deviation system and EAprog's is a volume threshold system. EaProg's method reaches a critical mass so to speak.

MP builds a bell curve and you trade based on the regression back to the mean or the rejection of the mean.

For a clearer understanding of MP, read Mind over Markets by the Daltons

Further, MP in forex is based on price and not tick volume. There are two distinct ways to figure MP one is on price and the other is on volume. This is discussed thoroughly in the CBOT handbook and in Dalton's book
  • #115
  • Jan 19, 2009 8:59am Jan 19, 2009 8:59am
Quoting thatwasme
NO, not at all. MP is a stat deviation system and EAprog's is a volume threshold system. EaProg's method reaches a critical mass so to speak.

MP builds a bell curve and you trade based on the regression back to the mean or the rejection of the mean.

For a clearer understanding of MP, read Mind over Markets by the Daltons
Okay thanks for answer. EAprogrammer's indi and MP peaks just show often almost same values.
  • #116
  • Jan 19, 2009 9:05am Jan 19, 2009 9:05am
Quoting Peke5
Okay thanks for answer. EAprogrammer's indi and MP peaks just show often almost same values.
You are correct. Like many systems, when a valid signal is there it will show up on several different approaches. However, the curve that is built from MP is used differently. If you look at today's action for example it EURUSD. It is what I would call a triple trend day. Although no such designation exists as far as I know. I think the handbook refers to a double trend day, only because they are talking about locals trading and then off floor trading in commodities. In the Forex, we have three distinct sessions and you could liken these to locals and other time frames. hence a strong trend day today in Eurusd I would say that each session extended the trend of the previous.

BTW that is nice MP indicator for MT4. Not sure why some one changed the name. I have the original MQ4 that is just called MaketProfile.mq4 doesn't matter really though. It is available at codebase
  • #117
  • Jan 19, 2009 9:17am Jan 19, 2009 9:17am
Yeah I see the difference now and I'am sure EAprogrammer's indi is better. Keep up the good work and sorry for disturping.






edit: Try EAprog's indi also in futures, in futures market everyone sees same ticks.
  • #118
  • Jan 19, 2009 9:20am Jan 19, 2009 9:20am
Quoting Peke5
Yeah I see the difference now and I'am sure EAprogrammer's indi is better. Keep up the good work and sorry for disturping.
Well I would not necessarily agree that EAProg's indicator is better. It depends on what you are trying to do. MP has a massive following and is a very sound and well tested approach to trading commodities.

Actually I think your observation of the two is pretty sharp. IMO
  • #119
  • Jan 19, 2009 9:50am Jan 19, 2009 9:50am
EA,

Take a look at the pic below. I am having the same problem as others. My max sell volume accumulates and displays well. The max total and max buy volumes, however, stay at 0.0000 with huge volume numbers. I realize that I didn't start the indicator at 00:00GMT so it will not appear the same as yours, but it should still accumulate from the time I attached to the chart shouldn't it? I mean, if the max sell works, shouldn't the max total and max buy?
Attached Image (click to enlarge)
Click to Enlarge Name: ea volume.gif Size: 11 KB
  • #120
  • Jan 19, 2009 9:56am Jan 19, 2009 9:56am
Quoting dargane
EA,

Take a look at the pic below. I am having the same problem as others. My max sell volume accumulates and displays well. The max total and max buy volumes, however, stay at 0.0000 with huge volume numbers. I realize that I didn't start the indicator at 00:00GMT so it will not appear the same as yours, but it should still accumulate from the time I attached to the chart shouldn't it? I mean, if the max sell works, shouldn't the max total and max buy?
Download the indicator again in post #1
If everyone believes it, it will work.
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