Auction Market Theory and Market Profile

Exit all position. but a risky way to buy as price drop. Asian session form a b shape profile, read it as long liquidation break. which add strength to the market.

It's simple.

I'm willing to risk 5% of my account on any given day. From keeping a log, I have a good grasp on whether the trend is up or down. For instance, last night my targets were 1.4510 and 1.4430. Had I entered according to plan (or when my silly wife told me to) I would have put in limit orders at both prices with stop losses anywhere between 1% and 2.5% on both orders. 2.5% is max as 5% divided by 2 attempts = 2.5% maximum risk on both trades.



Same thing if I had 5 entry attempts. I would have risked 1% on each attempt. It's a process of elimination method. If I was a big-time trader (I'm small time, lol) my risk would obviously be dramatically greater in terms of what 5% equates to but what with what I do now, I limit my risk dramatically and I spread it over multiple attempts instead of just 1. If you're wrong, you're wrong. You lose 5% of your account in a day but even for someone small time like me that's not only hard to do (because sometimes, trades just don't get triggered) but it's conservative.

Hello everyone:

So I have finally decided to join your discussion over here since I was originally taught MP on the grain markets. I feel this methodology is one of the best out there.

One question what is the best free MT4 MP indicator that the members here use???? And where can it be located. I found one in this thread and it seems ok for my simple purposes.

Heres a trade I took today. Short targeting 1.4575

Welcome to the thread!

you can find the indi's posted by Bandung on this thread, his are my favorites...i use ay-MarketProfileDWM and ay-MP-Text.

For anyone who wants my tweaked version of Bandung's TPO chart (MQL version).

Just to stay up to speed.

Thanks for posting those indicators. Somehow I cant get them to work I put them in the indicator folder, like all my other indicators. It shows that its in the folder but when the platform is open and I try to insert this indicator it doesn't list it as being there. Am I doing something wrong??? Thank you in advance.

Oh hang on buddy I'll give you the readme that tells you where to put them. I just assumed everyone had downloaded the previous versions.



The readme tells you where to put the files.

Thank You!!!!!!!! It worked great with the readme file.

You're welcome! Let us know if it works out so we can help with any issues!

Blistein,
What changes you made, I attached your indicator but could't figure out the changes. I don't see RF,qclose, spread and change.

In Bandung's new TPO chart you'll see the data box in the corner with numbers 1-6. Pink means that the number is "off" blue means it is "on". Make sure that the number 2 is blue ("on"). To turn a button on and off simply click on the number and delete it (like deleting any object), when you get the next tick (or just right-click and hit "refresh"). When the chart refreshes, it will show the MP data above each profile.

The last 4 lines in the MP data are the ones I added. You should see:

RF:
QClose:
Spread:
Chg:

i can't get v1.01 to work, it won't load on my charts. v1.00 loads but i seem to be missing some font perhaps since the circles below the text in the upper left doesn't display properly.

Strange that it isn't working. I included all the files in the zip except the 7bit tick which Bandung mentioned isn't necessary as all it does is force a tick when the market is closed or slow. I don't even use it. Here's a snapshot:

Excellent! This makes all my updating all my data, much more complete!

Would I be asking too much if you could possibly add the DIBH & DIBL to show with the historical info. box? Right now Ive been jumping back & forth between indi.'s to gather all the data.

Different subject:
Also, do you have any suguestions on how I can copy tpo info. and possibly paste it somewhere else. I cant find the data stored in the data window. Do you know where I could find the fulls day's tpo#'s Or is this one of those things I have to manually do. Trying to wait for end of day, all the info diappears in an instant & starts fresh. Maybe a screen shot of it at the close?

Yep it is working I deleted the old one and copied the new one.. and all set. Thanks a lot

Whew, thank God. I didn't wanna get burned at the stake!

Mz, here is the code. Simply open the indicator in Metaeditor and find the If(ShowProfileInfo) part of the code and replace the whole block with this:

if (ShowProfileInfo)
{
double infoposadj = ( (giStep/1.0) * gdPoint );
string strinfo[17];
strinfo[0] = addStr(TimeToStr(iTime(NULL, giDataTf, startbar), TIME_DATE) , " ", 16, false);
strinfo[1] = addStr("O : " + DoubleToStr(open, giDigits) , " ", 16, false);
strinfo[2] = addStr("H : " + DoubleToStr(hh, giDigits) , " ", 16, false);
strinfo[3] = addStr("L : " + DoubleToStr(ll, giDigits) , " ", 16, false);
strinfo[4] = addStr("C : " + DoubleToStr(close, giDigits) , " ", 16, false);
strinfo[5] = addStr("V : " + DoubleToStr(mptotal[MPT_VOL], 0) , " ", 16, false);
strinfo[6] = addStr("VAH : " + DoubleToStr(mpdata[ mplines[MPL_TPOVAH] ][MP_PRICE], giDigits), " ", 16, false);
strinfo[7] = addStr("POC : " + DoubleToStr(mpdata[ mplines[MPL_TPOPOC] ][MP_PRICE], giDigits), " ", 16, false);
strinfo[8] = addStr("VAL : " + DoubleToStr(mpdata[ mplines[MPL_TPOVAL] ][MP_PRICE], giDigits), " ", 16, false);
strinfo[9] = addStr("IBH : " + DoubleToStr(ibh, giDigits) , " ", 16, false);
strinfo[10] = addStr("IBL : " + DoubleToStr(ibl, giDigits) , " ", 16, false);
strinfo[11] = addStr("DIBH: " + DoubleToStr(dibh, giDigits) , " ", 16, false);
strinfo[12] = addStr("DIBL: " + DoubleToStr(dibl, giDigits) , " ", 16, false);
strinfo[13] = addStr("RF : " + DoubleToStr(intSkew, 0) , " ", 16, false);
strinfo[14] = addStr("QClose: " + DoubleToStr(dblQuadClose, 0) + "%" , " ", 16, false);
strinfo[15] = addStr("Spread: " + DoubleToStr((hh-ll)*intAdj, 1) , " ", 16, false);
strinfo[16] = addStr("Chg: " + DoubleToStr((close-open)*intAdj, 1) , " ", 16, false);

for (i=0; i<ArraySize(strinfo); i++)
{
createText( "#" + iprofile + ".info" + i
, Time[ (startprofile - (maxtpo)/2) ]
, hh + (infoposadj *((ArraySize(strinfo)+1)-i))
, strinfo[i]
, FONTSIZE, FONTNAME, POCColor
);
}
}
//<--ProfileInfo

Thank you!!!!

Lemme know if it works!
I don't like half-assing stuff so I'm more than happy to help till it's all right for you!

The one in the bold was missing in your code. Please add this and MZ it will compile. It is great info Thanks Blis again
[quote=Bilstein;4572489]Whew, thank God. I didn't wanna get burned at the stake!

Mz, here is the code. Simply open the indicator in Metaeditor and find the If(ShowProfileInfo) part of the code and replace the whole block with this:

if (ShowProfileInfo)
{
int intAdj = MathPow(10.0, (Digits - 1));
double infoposadj = ( (giStep/1.0) * gdPoint );
string strinfo[17];
strinfo[0] = addStr(TimeToStr(iTime(NULL, giDataTf, startbar), TIME_DATE) , " ", 16, false);
strinfo[1] = addStr("O : " + DoubleToStr(open, giDigits) , " ", 16, false);
strinfo[2] = addStr("H : " + DoubleToStr(hh, giDigits) , " ", 16, false);
strinfo[3] = addStr("L : " + DoubleToStr(ll, giDigits) , " ", 16, false);
strinfo[4] = addStr("C : " + DoubleToStr(close, giDigits) , " ", 16, false);
strinfo[5] = addStr("V : " + DoubleToStr(mptotal[MPT_VOL], 0) , " ", 16, false);
strinfo[6] = addStr("VAH : " + DoubleToStr(mpdata[ mplines[MPL_TPOVAH] ][MP_PRICE], giDigits), " ", 16, false);
strinfo[7] = addStr("POC : " + DoubleToStr(mpdata[ mplines[MPL_TPOPOC] ][MP_PRICE], giDigits), " ", 16, false);
strinfo[8] = addStr("VAL : " + DoubleToStr(mpdata[ mplines[MPL_TPOVAL] ][MP_PRICE], giDigits), " ", 16, false);
strinfo[9] = addStr("IBH : " + DoubleToStr(ibh, giDigits) , " ", 16, false);
strinfo[10] = addStr("IBL : " + DoubleToStr(ibl, giDigits) , " ", 16, false);
strinfo[11] = addStr("DIBH: " + DoubleToStr(dibh, giDigits) , " ", 16, false);
strinfo[12] = addStr("DIBL: " + DoubleToStr(dibl, giDigits) , " ", 16, false);
strinfo[13] = addStr("RF : " + DoubleToStr(intSkew, 0) , " ", 16, false);
strinfo[14] = addStr("QClose: " + DoubleToStr(dblQuadClose, 0) + "%" , " ", 16, false);
strinfo[15] = addStr("Spread: " + DoubleToStr((hh-ll)*intAdj, 1) , " ", 16, false);
strinfo[16] = addStr("Chg: " + DoubleToStr((close-open)*intAdj, 1) , " ", 16, false);

for (i=0; i<ArraySize(strinfo); i++)
{
createText( "#" + iprofile + ".info" + i
, Time[ (startprofile - (maxtpo)/2) ]
, hh + (infoposadj *((ArraySize(strinfo)+1)-i))
, strinfo[i]
, FONTSIZE, FONTNAME, POCColor
);
}
}

Oh I'm sorry. Flip-flopping over here is killing me!

Below the

If(ShowProfileInfo)
{

int intAdj = MathPow(10.0, (Digits - 1));

....



Again sorry!