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Forex Intrday Volume Trading System

  • #141
  • Jan 21, 2009 2:35pm Jan 21, 2009 2:35pm
EAProgrammer,

Is it absolutely required that I reset the indi every 24hrs?

I've been running it two days thus far and I find that the longer the indicator runs the better it "Learns" the market. So to speak. Was that your intention?
  • #142
  • Jan 21, 2009 2:51pm Jan 21, 2009 2:51pm
This is my multiple-stage approach for this indicator.

To see weekly data, we must have correctly collect daily data.
So, I need to prepare a more readable indicator and then move to next step.

There are still several things I need to figure it out, I can do it in other languages, but in order to program them in MQ4, its a challenge because of the massive data.

One of the challenge is all data needs to retain when indicator is reseted.
Next one is the level of detail when deals with multiple-day data.
If everyone believes it, it will work.
  • #143
  • Jan 21, 2009 4:01pm Jan 21, 2009 4:01pm
Hi EAProgrammer,

How about BUY and SELL pressure on the hourly chart, can be used for scalping? What do you think?

Thanks,
Guess
  • #144
  • Jan 21, 2009 4:30pm Jan 21, 2009 4:30pm
Quoting guess121
Hi EAProgrammer,

How about BUY and SELL pressure on the hourly chart, can be used for scalping? What do you think?

Thanks,
Guess
Volume and time frame are independent entities. Volumes in 5 minutes and in 1 hour chart are the same for the same price level.
If everyone believes it, it will work.
  • #145
  • Jan 21, 2009 4:33pm Jan 21, 2009 4:33pm
Quoting guess121
Hi EAProgrammer,

How about BUY and SELL pressure on the hourly chart, can be used for scalping? What do you think?

Thanks,
Guess
from what i understand the timeframe doesnt matter since its collecting tick volumes, and this will be the same whether its on a 1M or 1D chart.
  • #146
  • Edited 6:52pm Jan 21, 2009 5:21pm | Edited 6:52pm
Quoting EAprogrammer
This is my multiple-stage approach for this indicator.

To see weekly data, we must have correctly collect daily data.
So, I need to prepare a more readable indicator and then move to next step.

There are still several things I need to figure it out, I can do it in other languages, but in order to program them in MQ4, its a challenge because of the massive data.

One of the challenge is all data needs to retain when indicator is reseted.
Next one is the level of detail when deals with multiple-day data.

Hi EA,

I was thinking that NJT allows to collect ticks automatically if you keep open a chart or Market Analyzer, and gain capital has 1 day ticks history.

Is probably more feasible, this system on NJT?

What do u think about?

Lubo.

If I know how, I tell You!! Few but Good!!
  • #147
  • Jan 21, 2009 5:46pm Jan 21, 2009 5:46pm
Quoting LuboLabo
Hi EA,

I was thinking that NJT allow to collects ticks automatically if you keep open a chart or Market Analyzer, and gain capital has 1 day ticks history.

Is probably more feasible, this system, NJT?

What do u think about?

Lubo.

I am sorry, what is NJT? I can't comment until I see it.
Since different broker has different volumes data, so GAIN capital data cannot be use.
If everyone believes it, it will work.
  • #148
  • Jan 21, 2009 6:44pm Jan 21, 2009 6:44pm
Quoting EAprogrammer
I am sorry, what is NJT? I can't comment until I see it.
Since different broker has different volumes data, so GAIN capital data cannot be use.

NJT is Ninja Trader (see the previus title).

Difference data is not so important, since we use all different broker, otherwise we are not able to use this method.
We know that, the forex tick volume is no so accurate, but price from diffenrent broker is near the same.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #149
  • Jan 22, 2009 7:54am Jan 22, 2009 7:54am
How does one apply the indicator? I really like the concept. when is it advisable to buy/sell. pls reply
  • #150
  • Jan 22, 2009 9:30pm Jan 22, 2009 9:30pm
So far the analysis.

At 1:38GMT, things happened.
1) Max Sell @123.43, Max Buy @123.00
2) Although Max Buy is @123.00 but sell volumes are higher than buy volumes in the price levels below current price (by observing volumes as price went south)
3) So, decided not to long the market, waits until either i) Buy volumes accumulates more; or ii) Max Sell drops to same level 123.00 area.

At 1:45GMT,
1) Max Sell drops to 123.00 and we know the market is ready to come down.

This is the observation so far. Lets keep an eye for this setup in the future to confirm this pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5 jan 22 intraday volume analysis.gif Size: 30 KB
If everyone believes it, it will work.
  • #151
  • Jan 23, 2009 12:33pm Jan 23, 2009 12:33pm
Hai EAprogrammer,

My name Eko from Indonesia.....
I just want to appreciate with your work for Volume EA... I've been WAITING SO LONG to this.......

Just want to say and give my Great Appreciation for your work.....

Keep up the good work EAprogrammer...

Keep this thread update so we can learn much....

Thank you too to Alex....

  • #152
  • Jan 23, 2009 1:41pm Jan 23, 2009 1:41pm
Just Thought (sorry for bad english)...

I think regarding to people said that not correlated with Volume it's not true,

1. Why market move, because there is sell or buy there.... So it's mean volume it's related and If I'm not mistaken lot bid (buy or sell) will move the market.
2. Why volume is being left behind by others, may be because this is the nearest "holy grial" for forex since it's connected arround the world so every tick represent buy or sell. Bank or any others trading syndicate can't hide their transaction in forex they can buy 1 big lot or separate into tiny lot so it won't be notice by people (the "herd" like my lol ) So it's represent the tick movement....

Hope can be consider, just for thought.....

I think the most reliable tick data is the lowest pip spreads? Why becuase any change in market easily detect by the lowest pip spreads brokers (even they sometimes cheating) but it's can be consider....

Hope my post will give some idea....

  • #153
  • Jan 23, 2009 4:51pm Jan 23, 2009 4:51pm
Hi,

I am starting to get this, sort of, though can someone explain in layman terms how to use this volume indicator, it would be nice.

Thanks,
Vip
  • #154
  • Jan 23, 2009 6:23pm Jan 23, 2009 6:23pm
Quoting EAprogrammer
So far the analysis.

At 1:38GMT, things happened.
1) Max Sell @123.43, Max Buy @123.00
2) Although Max Buy is @123.00 but sell volumes are higher than buy volumes in the price levels below current price (by observing volumes as price went south)
3) So, decided not to long the market, waits until either i) Buy volumes accumulates more; or ii) Max Sell drops to same level 123.00 area.

At 1:45GMT,
1) Max Sell drops to 123.00 and we know the market is ready to come down.

This is the observation so far. Lets keep an eye for this setup in the future...
I'm a little confused...How do you know that the sell volumes are larger at price levels?
  • #155
  • Jan 23, 2009 7:53pm Jan 23, 2009 7:53pm
Quoting RickW00716
I'm a little confused...How do you know that the sell volumes are larger at price levels?
When you looking at the indicator, at the top left corner. The last line is the buy and sell volume of current price level. What I did was look at those buy and sell volumes when MB/MS changes to 123.00 levels. Then I came up with that statement
If everyone believes it, it will work.
  • #156
  • Jan 23, 2009 10:44pm Jan 23, 2009 10:44pm
Quoting EAprogrammer
When you looking at the indicator, at the top left corner. The last line is the buy and sell volume of current price level. What I did was look at those buy and sell volumes when MB/MS changes to 123.00 levels. Then I came up with that statement
I notice that those current buy and sell volumes are constantly changing...do you need to watch them and see precisely where they are when the MB/MS levels change?

If so, you need to be quick because if you blink you might miss it.

PS. Thanks for this indicator and I am looking forward to more experimentation and improvements...I believe this is the way to trade.
  • #157
  • Jan 24, 2009 8:04pm Jan 24, 2009 8:04pm
Nice thread developing; watching with interest.

Thanks for all the hard work EAprogrammer.

Gray
  • #158
  • Jan 25, 2009 7:07am Jan 25, 2009 7:07am
anyone trade this live with any success?
  • #159
  • Jan 26, 2009 5:19am Jan 26, 2009 5:19am
EAprogrammer could you update the latest indicator to the first post?
  • #160
  • Jan 26, 2009 5:53am Jan 26, 2009 5:53am
The first post always contains the latest indicator.

I am working on 1 tradeable signals and will notify everyone once its completed.
If everyone believes it, it will work.
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