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Murrey Math Daily System

  • #541
  • May 7, 2012 10:58am May 7, 2012 10:58am
Something as simple as the nonlagdot indy is enough to keep from entering while move is still developing...BTW, dietcoke, Thank You very much for your great mods to the original MMLs indicator......
Attached Image (click to enlarge)
Click to Enlarge Name: nonlagdotmmls.gif Size: 29 KB
Vincit qui se vincit.
  • #542
  • May 23, 2012 5:44am May 23, 2012 5:44am
Pardon the interuption to the thread...just a quick question...I looked within the thread for the default periods you guys are using and didn't find it...I assume you all use the period of "64" ? Is that correct?
  • #543
  • Jun 23, 2012 7:52am Jun 23, 2012 7:52am
Hi
can anyone add a signal alert to this indicator? In particular at every setup change of the indicator and everytime a buy or sell line is touched

thank you in advance
Attached File(s)
File Type: mq4 M-Math v4.mq4   16 KB | 2,135 downloads
Hudson Metrics
  • #544
  • Jul 29, 2012 2:41pm Jul 29, 2012 2:41pm
First down to around 1.2200 (4/8 MML) then up to 1.2660 area (8/8 MML + 3 distribution areas)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd d 30 07.gif Size: 32 KB
Price comes first; fundamentals come second
  • #545
  • Sep 5, 2012 2:45pm Sep 5, 2012 2:45pm
Quoting Zyggy
First down to around 1.2200 (4/8 MML) then up to 1.2660 area (8/8 MML + 3 distribution areas)
We are approaching the mentioned area. Exit long, prepare for short.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd d 05 09.gif Size: 32 KB
Price comes first; fundamentals come second
  • #546
  • Sep 10, 2012 11:58pm Sep 10, 2012 11:58pm
Hi all

I have just come across the Murrey Math lines and have the indicators now on my platform. It is looking very good and I even managed to match a lot of my own trendlines to it.

I would love a discussion with ppl using this system to see how it has done in the past. Any particular symbols it appears to work best with etc.
  • #547
  • Sep 22, 2012 1:49pm Sep 22, 2012 1:49pm
Hi Wendy,
Here are my trades, still open, in usdchf. As you can see I use a combination of MML, Gartley and demand/supply areas.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf d 18 09.jpg Size: 240 KB
Click to Enlarge Name: usdchf 4h 18 09.jpg Size: 167 KB
Price comes first; fundamentals come second
  • #548
  • Oct 10, 2012 1:52pm Oct 10, 2012 1:52pm
The attached pic shows three daily charts of EURUSD for the past 37 days. Each has a different Murrey Math Lines indicator attached as per the indicator name in red at the bottom of each chart. Whilst they all agree that 1.31836, 1.26953 and 1.22070 are significant prices they all disagree on which levels they represent. I'd be pleased if an MML expert could tell me which indicator is giving the correct levels.
Attached Image (click to enlarge)
Click to Enlarge Name: MMLvariations.jpg Size: 337 KB
TheLazyForexTrader
  • #549
  • Oct 10, 2012 9:40pm Oct 10, 2012 9:40pm
Quoting invicta
The attached pic shows three daily charts of EURUSD for the past 37 days. Each has a different Murrey Math Lines indicator attached as per the indicator name in red at the bottom of each chart. Whilst they all agree that 1.31836, 1.26953 and 1.22070 are significant prices they all disagree on which levels they represent. I'd be pleased if an MML expert could tell me which indicator is giving the correct levels.
Taken directly from first post:

"Any MT4 broker will do, but please fully understand that a different broker may provide different data which will result in your Murrey Levels appearing different than mine."
  • #550
  • Oct 13, 2012 6:25pm Oct 13, 2012 6:25pm
Quoting prof8t
Taken directly from first post:

"Any MT4 broker will do, but please fully understand that a different broker may provide different data which will result in your Murrey Levels appearing different than mine."
All three charts are using the same broker: FxPro.

All three indicators are using a period of 64. However I just realised that, unlike the other two, the MML_Multi_Option indicator has to be set to the time frame that the user wishes to display. I previously had it set to 60 instead of 1440, which has been corrected on the attached screen dump.

So now the MML_Multi_Option and Murrey_Math_MT4_VG indicators are the same as each other but both still differ from the MurreyMath TimeFrame indicator and I am wondering why.

(I now see that the MML_Multi_Option indicator can be used to display longer time frame levels on a shorter time frame chart, which I assume was the intention of its author.)
Attached Image (click to enlarge)
Click to Enlarge Name: MMLindicatorcomparison.jpg Size: 329 KB
TheLazyForexTrader
  • #551
  • Jan 5, 2013 7:34am Jan 5, 2013 7:34am
Quoting sniper012
but I do trade with MML's. I can show you 100 trades where this system worked and 100 trades where it failed. Just trading a break of a MML is not actually wise in my opinion. I always felt that using a price action filter and possibly some sort of volume indicator would come in handy, and it does. Look at this usd/cad example from last week. The circled candle is a pin bar. It's not a great pin but let's talk about what made this trade some great aside from the pin bar. Look at where it forms. We should all know that the 6/8 line is a strong support/...
I have been lurking around this thread which I found interesting about the MML trading system. IMHO I found these MML lines are very accurate at most of the time. Yes, I agree with you that just simply trading breakout is not wise and may prompt to more false signals. To overcome this weakness, I am using price action with combination of OSMA divergence and Bollinger Bands as filter on a daily chart. Sample screenshots below are worth a thousand words. Here I am ready to go long XAU/USD when market opens on Monday. In the second screenshot if one entered the trade carelessly then they would have lost 300 pips due to retracement before the price shoots up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: divergence.png Size: 98 KB
Click to Enlarge Name: failed.png Size: 81 KB
  • #552
  • Jan 11, 2015 2:10am Jan 11, 2015 2:10am
I'm trying to learn this system, looks pretty simple but do you recommend any other indis to go with it? as a filter?
Bulls are stupid Animals!especially when Im short!
  • #553
  • Edited 4:21pm Jun 5, 2015 8:10am | Edited 4:21pm
I am providing my indicator for evaluation.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 56 KB
Attached File(s)
File Type: ex4 MM v1.2.ex4   138 KB | 1,354 downloads
File Type: ex4 Gator v1.2.ex4   20 KB | 891 downloads
  • #554
  • Jun 6, 2015 4:21pm Jun 6, 2015 4:21pm
Fixed little problem.
Attached File(s)
File Type: ex4 Gator v1.3.ex4   20 KB | 1,033 downloads
  • #555
  • Jun 13, 2015 11:39pm Jun 13, 2015 11:39pm
Does anyone know of a way to manually backtest the Murrey Math Indicator in MT4? The indicator only paints in the present, but is there a way to show the position of the Murrey Math lines in the past (without an ea)?
Thanks.
  • #556
  • Sep 28, 2015 8:37pm Sep 28, 2015 8:37pm
Thanks
  • #557
  • Jun 16, 2016 9:52am Jun 16, 2016 9:52am
Quoting atilabr
I am providing my indicator for evaluation. {image} {file} {file}
lines don't apear for me.
and what is that gator thing?
  • #558
  • Aug 6, 2016 3:24pm Aug 6, 2016 3:24pm
[quote=mer071898;3186285]{quote} I'll tell you this, with any strategy you'll have weaknesses. I personally think that even when the market goes through it's normal changes over time, this strategy will survive because it is based on mathematical facts and not speculation or sentiment. It is emotionless and cold, not letting greed overtake the situation. {quote}

Mer, I think this really offers your opinion of long term viability using MM.

I hope you see this. Many thanks.

F-S
  • #559
  • Aug 7, 2016 11:00pm Aug 7, 2016 11:00pm
good stuff
  • #560
  • Feb 25, 2017 7:22pm Feb 25, 2017 7:22pm
Added descriptive text to Murrey Math lines and changed lines to dotted.
Attached Image (click to enlarge)
Click to Enlarge Name: Murrey_Math_Line_X.png Size: 46 KB
Attached File(s)
File Type: mq4 Murrey_Math_Line_X.mq4   27 KB | 1,548 downloads
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