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  • #6,941
  • Sep 28, 2012 7:27am Sep 28, 2012 7:27am
Quoting TheMaxx
Set file is attached. There's a lot of broker specific stuff in there so be careful. My live account is here.
Thanks TheMaxx! My broker is also the Pepperstone. Thanks also for the file set. Will be of great help. I'll be experimenting with this setting!
Invest in creating their EAs, because one day you need one!
  • #6,942
  • Sep 28, 2012 9:32am Sep 28, 2012 9:32am
I have lots of refunding to do for this week
Let's call a nice normal week
Invest in alarm clocks
  • #6,943
  • Sep 28, 2012 10:15am Sep 28, 2012 10:15am
Well ... as we see it is not every day that the BCs ingentam money to move the coin, of course! We will reflect on it!


Let's keep an eye on next week.


Good weekend to all!
Invest in creating their EAs, because one day you need one!
  • #6,944
  • Sep 28, 2012 10:59am Sep 28, 2012 10:59am
Good weekend to all!
Don't give up
  • #6,945
  • Sep 29, 2012 9:01am Sep 29, 2012 9:01am
Forgive my ignorance as i don't follow this thread; hope it's not too disparaging, but isn't this system just a random coin-toss?

There also seems to be confusion about time, so why don't you all agree on an entry from info you all can see at the same time, that's not skewed by your broker and your trading platform, perhaps when this hits 10:00pm, for example.

I wrote an indy a while back to show candle opens and attached it fyi. Black line is year open, and look how EURUSD is dancing around this price as we enter Q4. Blue line = week open, purple = month open and orange = daily open.

EURUSD 4hours - Candle Opens Indy

http://i.imgur.com/MBf9V.gif

Try this

Right click chart -> properties -> Common tab -> Show Period Separators.

Straddle buy/sell orders 10 pips either side of daily open with small TP and SL; some you'll win, other you won't, but trying to determine macro moves from a micro 2 pip move is asinine.

Swing trading is the only way to negate risk, as you're allowing price to move around but trading with the weekly / monthly candle price action, but that's another story...
Attached File(s)
File Type: mq4 Candle opens.mq4   3 KB | 564 downloads
Politics is the womb in which war develops.
  • #6,946
  • Sep 29, 2012 10:28am Sep 29, 2012 10:28am
Quoting FiatFap
Forgive my ignorance as i don't follow this thread; hope it's not too disparaging, but isn't this system just a random coin-toss?

There also seems to be confusion about time, so why don't you all agree on an entry from info you all can see at the same time, that's not skewed by your broker and your trading platform, perhaps when this hits 10:00pm, for example.

I wrote an indy a while back to show candle opens and attached it fyi. Black line is year open,...

My system is totally random. Like roulette. You know roulette in the casino?
except: I'm the house
Invest in alarm clocks
  • #6,947
  • Sep 29, 2012 10:31am Sep 29, 2012 10:31am
High volatility on an open NY, or LO, totally puts you in advantage.
Invest in alarm clocks
  • #6,948
  • Sep 29, 2012 10:32am Sep 29, 2012 10:32am
Looking forward to a very nice week folks. Refund completed. Have a nice one and see you on Monday London time
Invest in alarm clocks
  • #6,949
  • Sep 30, 2012 5:37am Sep 30, 2012 5:37am
Quoting FiatFap
Forgive my ignorance as i don't follow this thread; hope it's not too disparaging, but isn't this system just a random coin-toss?

There also seems to be confusion about time, so why don't you all agree on an entry from info you all can see at the same time, that's not skewed by your broker and your trading platform, perhaps when this hits 10:00pm, for example.

I wrote an indy a while back to show candle opens and attached it fyi. Black line is year open, and...
would be great if you could also add 4h and 1h opens and posible to set to true/false...
  • #6,950
  • Sep 30, 2012 3:37pm Sep 30, 2012 3:37pm
Quoting thiagocanuto
Here is the EAs I use to assist me in my trades! This is free, if I may post here in the community! Is 'Equity Centry' - http://www.ea-coder.com/forex-softwa.../#.UEmlU64kqDc

Good luck and success to all!
This is a very handy piece of software. Thanks thiagocanuto.
  • #6,951
  • Edited 9:05pm Sep 30, 2012 8:45pm | Edited 9:05pm
Best volatility is 2 hours after the NY open according to oanda stats
Meaning at 10 A. M. NY time


might wanna read this too:
http://tuvalu.santafe.edu/~jdf/papers/05-12-041.pdf
Attached Image
Invest in alarm clocks
  • #6,952
  • Sep 30, 2012 9:59pm Sep 30, 2012 9:59pm
Many futures traders and automated strategies will only trade after 10am EST in which most economic data have been released.



Quoting Tony112
Best volatility is 2 hours after the NY open according to oanda stats
Meaning at 10 A. M. NY time


might wanna read this too:
http://tuvalu.santafe.edu/~jdf/papers/05-12-041.pdf
  • #6,953
  • Edited Oct 1, 2012 3:10am Sep 30, 2012 10:37pm | Edited Oct 1, 2012 3:10am
Quoting Tony112
Best volatility is 2 hours after the NY open according to oanda stats
Meaning at 10 A. M. NY time


might wanna read this too:
http://tuvalu.santafe.edu/~jdf/papers/05-12-041.pdf
Interesting paper! Confirms some of my own studies. thanks for posting this!
  • #6,954
  • Sep 30, 2012 10:59pm Sep 30, 2012 10:59pm
Quoting FXEZ
Interesting paper! Confirms some of my own studies. thank for posting this!
read the conclusion at
VI. CONCLUSIONS
The idea that clustered volatility and heavy tails in price returns can be explained by °uc-
tuations in transactions or volume is seductive in its simplicity. Both transaction frequency
and volume are strongly positively correlated with volatility, and it is clear that °uctuations
in volume (or transaction frequency) can cause both clustered volatility and heavy tails, so
this might seem to be an open and shut case.
Invest in alarm clocks
  • #6,955
  • Oct 1, 2012 2:04am Oct 1, 2012 2:04am
Out for -2. Back in a few hours!
  • #6,956
  • Oct 1, 2012 2:05am Oct 1, 2012 2:05am
see ya
Attached Image (click to enlarge)
Click to Enlarge Name: cold-water.jpg Size: 183 KB
Don't give up
  • #6,957
  • Oct 1, 2012 2:15am Oct 1, 2012 2:15am
Quoting Tony112
read the conclusion at
VI. CONCLUSIONS
The idea that clustered volatility and heavy tails in price returns can be explained by °uc-
tuations in transactions or volume is seductive in its simplicity. Both transaction frequency
and volume are strongly positively correlated with volatility, and it is clear that °uctuations
in volume (or transaction frequency) can cause both clustered volatility and heavy tails, so
this might seem to be an open and shut case.
So tony you trade the LO, NY as well as 2hrs after NY?
Meaning 3 sessions in all?
Whether you can or you can't, you are both right.
  • #6,958
  • Oct 1, 2012 3:06am Oct 1, 2012 3:06am
Quoting Tony112
read the conclusion at
VI. CONCLUSIONS
The idea that clustered volatility and heavy tails in price returns can be explained by °uc-
tuations in transactions or volume is seductive in its simplicity. Both transaction frequency
and volume are strongly positively correlated with volatility, and it is clear that °uctuations
in volume (or transaction frequency) can cause both clustered volatility and heavy tails, so
this might seem to be an open and shut case.
Tony, I really liked that part (bold). I did skip to the conclusions first and thought it was quite interesting - kinda contradicts the market profile / VSA concept eh? Usually these papers have very short conclusions but this one is quite lengthy. I'm not sure how to apply the ideas (yet)!

Quote
The most interesting aspect of our results is their implication for price formation. If
volume and transaction frequency are not the primary proximate cause of price movements,
then what is? It is surprising that after so many years of empirical work the answer to
this question remains unknown.

Quote
These results indicate that the main driver of heavy tails is the heavy tailed
distribution of individual price changes themselves. This is driven by order placement and
cancellation, and not by volume or transaction frequency. This is by no means an ultimate
cause, but it does provide insight into where such a cause might lie.

And this:

Quote
This story for the origin of heavy tails is consistent with our work so far studying clustered
volatility. We have shown here that the ordering of transactions is very important
in determining clustered volatility. If we scramble the order of transactions but preserve
their frequency, clustered volatility is greatly diminished.

So essentially it sounds like the fat tails on the short term in aggregate are causing fat tails on the long term. Or that the whole microstructure is inherently fat tailed.
  • #6,959
  • Oct 1, 2012 7:08am Oct 1, 2012 7:08am
see you tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 193 KB
Don't give up
  • #6,960
  • Oct 1, 2012 9:36am Oct 1, 2012 9:36am
At long term, this strategy will lead you to ruin.

Why?
because the entry signal does not make sense, maybe with chance you will reach your take profit 2 or 3 times but before with this enters you will hit the stop again, again and again and again and again and again and again like a casino roulette multiplied 35 times your bet, but everyone knows that roulette is not profitable at long term.

MM is a very very very good idea but there are better way to enter on eurusd with a tight stop loss in the direction of the trend !!
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