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BMI - MacD Magic Monster

  • #221
  • Dec 28, 2012 1:08pm Dec 28, 2012 1:08pm
I must say I have looked over this again and again and it is hard for me to get much from it at this point but I will keep looking and drawing cool stuff on the charts!

Quoting BlueMental
Ok Peeps, here are the 'Updated' 3 Max Charts. And added are 3 Max Histo Charts. They should begin to make what Magic Moving Channels gives us,

This picture below is a zoomed out H1 GbpJpy. I placed the BMI_Long beneath it. Notice a resemblance between the two? But BMI_Long doesn't have the channels. BMI Long has (LOL) become redundant and is on his way to the glue factory. Notice I scaled the chart so you can see the top and bottom of Max. Look at the histo's that are overlaid above Max.


http://img201.imageshack.us/img201/6...mcoverview.png...
  • #222
  • Dec 28, 2012 1:12pm Dec 28, 2012 1:12pm
I am interested in your setups. I was looking for a sell on the eu 60 min at the time of your 3rd chart and would like to know the steps you take for entry. Thanks
Quoting Kiads
Hi again, actually I know about 'fit in' matter when I learn your BMI_Long script code and for me there's no problem at all because my main method still my 72 HL EMA on main chart. There are 3 options to play with BB on BMI, put BB at 'OsMA' line, or at 'MACD" line or both OsMA and MACD line that will give us 'Bands' of phantom line of median between OsMA and MACD line. I 'played' BB for several years so I working with this 'deviation' matter alot.

According to my template for EU H1-M15 the combination between 72 EMA HL BB in main chart...
  • #223
  • Dec 28, 2012 1:53pm Dec 28, 2012 1:53pm
Quoting gbryant20
I must say I have looked over this again and again and it is hard for me to get much from it at this point but I will keep looking and drawing cool stuff on the charts!
Hi Gbryant20, nice to see you here... for original BMI_Long from BlueMental as example in GBPJPY H1, according to my personal understanding, the most simple thing is to see 'confluence' between 'OsMA' line and 'MACD' line when they both in same direction then it is your position direction. I give you example at this picture bellow. Yellow vertical line mean preparation (watching movement), Lime vertical line mean your entry position according to 'OsMA' and 'MACD' direction, and Red vertical line mean your exit.
Of course similar to 'other' oscillator indicator there will be alot of divergence especially in 'OsMA' but if you can 'see' it with right point of view, divergence is also early warning signal.
you can also notice the Blue vertical line that indicate quite early about 'changing' trend direction...
Hope it help.
Attached Image (click to enlarge)
Click to Enlarge Name: Pure BMI_Long entry_exit GJH1 2012_12_28_2127.png Size: 362 KB


Quote
I am interested in your setups. I was looking for a sell on the eu 60 min at the time of your 3rd chart and would like to know the steps you take for entry. Thanks

First, according to my template, In EU H1, I 'see' squeeze phase of BB that applied to MACD line in BMI, that is 'early' sign of next big movement. and also in the main chart price already near upper stepped HLBB and their candle configuration showing us that upside momentum already exhausted.. so the high of H1 candles look so hard to 'touch' upper stepped HLBB.
then I switch down to M15 TF to look more detail
and in M15 we can see more clearly that price move in sideways and 'trapped' inside middle HLBB line and in subwindows, BB also 'squeeze' at zero line.
actually, before I take my sell (as example at 3rd picture in my example couple post before) , I open Buy position just for small pip profit, because 'OsMA' pointing Up after crossing zero line, and when I realize that M15 candles also difficult to 'touch' upper stepped HLBB in the main chart, I Close my buy position, and switch to sell position with the risk as close as upper stepped HLBB (not put the hard SL there but mental SL that if price move up, I will cut my sell position there). After that, when 'OsMA' actually crossing down the zero line I am 'in the money' ... LOL...

Hope it helps...
thanks n best regards..
  • #224
  • Dec 28, 2012 2:18pm Dec 28, 2012 2:18pm
Thank you for explaining the setup! I get it a little more now and I am sure I will more and more as time goes by. I do not understand the (red line) exit signals you show in the chart but that might have been something I missed along the way so I will go back through the thread and look. Thank you for time. Happy New Year to everyone!

Quoting Kiads
Hi Gbryant20, nice to see you here... for original BMI_Long from BlueMental as example in GBPJPY H1, according to my personal understanding, the most simple thing is to see 'confluence' between 'OsMA' line and 'MACD' line when they both in same direction then it is your position direction. I give you example at this picture bellow. Yellow vertical line mean preparation (watching movement), Lime vertical line mean your entry position according to 'OsMA' and 'MACD' direction, and Red vertical line mean your exit.
Of course similar to 'other' oscillator...
  • #225
  • Dec 28, 2012 2:38pm Dec 28, 2012 2:38pm
Quoting gbryant20
Thank you for explaining the setup! I get it a little more now and I am sure I will more and more as time goes by. I do not understand the (red line) exit signals you show in the chart but that might have been something I missed along the way so I will go back through the thread and look. Thank you for time. Happy New Year to everyone!
The Red vertical line is simply when 'OsMA' turn in opposite direction from 'MACD' line. This is the basic, but of course there's a lot another thing to 'watch' not just as simple as that... LOL.
  • #226
  • Edited 7:48am Dec 31, 2012 5:57am | Edited 7:48am
Hi, All.. Happy Healthy and Wealthy New Year 2013..
I made some cosmetic adjustment to beloved Indicator ! T-Kiads BMI Long Mod v01
I add stochastic filter to coloring MACD Histogram and also sometimes it is very difficult to 'see' the direction of each line when they merged together near zero line so I added text legend and text of last direction of each lines
The Histogram also hv auto zoom function that can adapt your chart zoom selection in the next tick. or in weekend just switch TF back n forth to refresh the size of histogram (MACD Histo).
Also I added more flexible parameters entry to adjust her in the way you like.
here is the updated
Hope it help
Best Regards
Attached Image (click to enlarge)
Click to Enlarge Name: UPDATED 72EMA HLBB_BMI AUH1 2012_12_31_1348.png Size: 518 KB
Attached File(s)
File Type: mq4 ! T_Kiads BMI Long Mod v01.mq4   28 KB | 1,581 downloads
File Type: tpl ! t_kiads 72_hlbb_bmi v01.tpl   380 KB | 1,207 downloads
  • #227
  • Dec 31, 2012 7:43am Dec 31, 2012 7:43am
I also received some PM's that ask me how to 'look' at my template..
I want to explain that once again, of course by asking permission from my friend BlueMental since this is His thread, and at first I just want to show how thank you I am with this very useful BMI_Long Indicator for my trading method.

Ok I want to take example from AUDUSD H1 and later M15.
for the main chart first, For AUDUSD you must adjust my indicator ! T_Kiads_SweetSpot v01 and change the parameter : StartPrice from 1.3 to 0.9 because 1.3 is for EURUSD.

In Picture 01. AUDUSD H1, you will see 'clearly' there was 3 stages of market movements, ranging period , downtrend, and at this moment another ranging period.
I marked ranging period with blue rectangle consist of 2 block SweetSpot line.
Maybe you can 'see' that the middle line of this 2 block of price in ranging market period of AUDUSD always become the 'swing point'.
and you can also notice that 'one of the sign' of ranging market period is several candles 'trapped' inside double middle line of EMA 72 HL BB, when in trending market (downtrend) in between this 2 ranging periods, there is no candle 'touch' this double middle lines, and if there is one, then it will become 'high probability' entry point if confluence with other signs.

This time, We will not talking about subwindow BMI, this is just overview of the main chart, so lets continue..
About that stepped double upper/lower line of HLBB you will notice that the step is always 10 pips/point and this both upper/lower line 'act' as dynamic S/R line. and sometimes will give you a 'clue' where the price will go. Just same as standard bollinger band but more 'clearly' in the way 'where' they can break or bounce.

In Picture 02. we will focus on the last ranging market until today.
I put bold horizontal lines (light salmon color) near every stepped Upper/Lower line of HLBB so, you can see how price 'react' with this lines.
In this picture you can see that all bearish candles that enter the double lower HLBB area or just 'touch it' and create bottom wick/shadow and immediately follows by bullish candles was become 'nice spot' to entry buy position.
At the other side, there is only one bullish candle that enter double upper HLBB area create top wick/shadow and immediately follows by bearish candle (today morning), that become 'nice spot' for entry sell position.
You can explore history for any ranging market situation like this, and try to 'match' with sign from subwindows BMI with basic principle 'same direction between OsMA and MACD' and there was a 'squeeze' in upper/lower BB of MACD line and also the color of MACD histo. Put vertical line on it and try to switch to M15 for better detail to pin point your entry.
Let say try to search for one month until today, and calculate the probability of win and loss ratio.
Ok my dear friends, I will continue to explained next time.. eh next year maybe.. lol
God Bless You All.
Best Regard.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 72 EMA HLBB_BMI AUH1 2012_12_31_1505 MainChart Example.png Size: 568 KB
Click to Enlarge Name: 72 EMA HLBB_BMI AUH1 2012_12_31_1505 MainChart Example2.png Size: 494 KB
  • #228
  • Edited 8:27am Dec 31, 2012 7:57am | Edited 8:27am
G'day guys and Happy New Year to All!

I have been reading this thread for a while now on account of my ongoing love affair with the MacD

I just wanted to drop a line to tell BlueMental and the rest of the contributors here how much I enjoy the thinking that this thread has produced. At the moment I am only able to digest the simplest of the concepts and charts. I have been exposed to Gann before but only so much as time counts and the basics of the square of 9. I find a more mechanical approach to trading better for myself personally because when my cold hard cash is on the line my stressed brain can only focus on 1 or 2 things at the most at one time and more complicated analysis just filled my mind with doubt and indecision and end result is more stress and bad outcomes as a result lol.

I don't have any meaningful theory to bring to the forum but when I do I won't hesitate to share.

I was wondering if Mr Kiads could provide some more information on his approach to this trading. I understand the need to match the MacD and the OsMa up in the same direction but I wanted to know how the Bollinger Bands fitted in and any other finer points if you don't mind explaining.

Many thanks in advance and keep up the great work everyone!

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #229
  • Dec 31, 2012 8:10am Dec 31, 2012 8:10am
Mr Kiads,

You beat my post you magnificent man! Thanks for some further explanation. It is much appreciated. I'll have a good look at your explanations and let you know if I need any more clarification.

Now I guess we just wait and see whether the US falls off a cliff or not. It's a shame it has gotten this close to the deadline but I guess miracles do happen.
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #230
  • Dec 31, 2012 8:22am Dec 31, 2012 8:22am
Quoting OzFXtrader82
Mr Kiads,

You beat my post you magnificent man! Thanks for some further explanation. It is much appreciated. I'll have a good look at your explanations and let you know if I need any more clarification.

Now I guess we just wait and see whether the US falls off a cliff or not. It's a shame it has gotten this close to the deadline but I guess miracles do happen.
For the fiscal cliff I believe there will be partially deal as usual for the 'shake' of political 'face-lift' on both side ..lol.
I think all major pairs will be 'in range' mode until next week excluding Yen pairs..
  • #231
  • Dec 31, 2012 8:37am Dec 31, 2012 8:37am
Little late buy entry in EU M15... when signal already there before..
well, better late profit than early loss .. lol.
Attached Image (click to enlarge)
Click to Enlarge Name: 72 EMA HLBB_BMI EUM15 2012_12_31_1633 buy entry.png Size: 394 KB
  • #232
  • Dec 31, 2012 9:12am Dec 31, 2012 9:12am
Maybe I should believe the phrase: "Everything that came from numbers can be re-calculate by numbers"

Previous OsMA swing point may predict next bouncing area of price movement, I still explore it
Maybe this is only coincident in both EU and AU M15 who knows..lol.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 72 EMA HLBB_BMI EUM15_2012_12_31_1702 OsMA Swing.png Size: 416 KB
Click to Enlarge Name: 72 EMA HLBB_BMI AUM15 2012_12_31_1705.png Size: 427 KB
  • #233
  • Dec 31, 2012 9:15am Dec 31, 2012 9:15am
Quoting OzFXtrader82
G'day guys and Happy New Year to All!

I have been reading this thread for a while...
...I have been exposed to Gann before but only so much as time counts and the basics of the square of 9...
...complicated analysis just filled my mind with doubt and indecision and end result is more stress and bad outcomes as a result lol.

I don't have any meaningful theory to bring to the forum but when I do I won't hesitate to share...

John
Greetings Mate.

The Gann Stuff floating around on the web is mostly Rubbish. Rubish that is being sold for ludicrous sums of money (If it was so effective, why would they need to sell it for $xxxx?)
Most of what you read and learn about Gann just confuses you more than anything else. In truth, no one but Gann knows what Ganns Trading System was, and since he is no longer breathing on this realm, I doubt we can find a way for him to tell us.

BUT, and this is a big but. I introduced Gann (Pyrapoint, Gunner24, Gann Grids and FibArcs) because once you understand in a bit of depth the time/price relationship relating to Gann and Fib concepts. You will (I promise) go through a paradigm shift of WHAT you see on the charts that will be fully visible till your dying breath WITHOUT a single Gann Grid or FibArc (or any other indicator at all) on your chart.

But to get there, you need to absorb a fair amount of detail. I can finally say (after many years of panic trading) that I enter trades with a calm certainty that I had no chance of doing before. I am able to see the very instant I should abandon an existing trade, or if I should open a new position.

Before it was a hit and miss affair. I sometimes got it right, but often I got it wrong.

With regards to your 'don't have meaningful theory to bring', what my aim is in bringing the Gann Fib stuff into this thread is twofold.
1. I want (with any and all interested) to get this system into a fully functioning live trading method from top to bottom. Money Management, What to observe for entry/exit points, how much to expect as TP and also SL in any situation. In other words I want to get away from theory into something useful and usable.
2. By explaining what I have found/discovered/squeezed out of stones to other people, clarifies it in my own mind and helps me learn more. It also allows me to see what I do NOT know or see (my blind spots) through criticism of the readers.

Other viewpoints, like Kiads modified bmiLong bring different viewpoints to look at. They might not suit everyones style, but that is not the point. If anything that anyone posts or brings can assist someone else, then great. There is no 'right' way because we are all different.

I have delved quite deeply into Bolinger Bands and Keltner Channels in the past, and to me they are not 'reliable' enough. Kiads different way of using them got my attention, and I did explore further, but that style is not for me. That is not saying Kiads way is wrong. It is simply saying it is not my way.

So please share how you have used any of the indicators from this thread OR any other indicators at all that you have found useful. The how and what you do that works, and if you do something but it does not work, let us know. Perhaps we can figure out together what went wrong, or what your blind spots are.

There is no such thing as useful theory. All theory is nothing more than theory. Practicality is useful.
  • #234
  • Dec 31, 2012 9:29am Dec 31, 2012 9:29am
Quoting Kiads
Maybe I should believe the phrase: "Everything that came from numbers can be re-calculate by numbers"

Previous OsMA swing point may predict next bouncing area of price movement, I still explore it
Maybe this is only coincident in both EU and AU M15 who knows..lol.
Numbers are symbols, a way we use to try to describe or 'speak' about the reality beneath the symbols. It is the closest language we have to source. Spoken word is more like Visual Basics.

As far as different pairs showing similarities, I wrote indicators exploring that ages ago. Trying to find which pair is 'leading' and which are following. In the end, I found no way of getting a clear 'edge' so I dropped it. But those 'coincidences' happen a lot and often, but how to use them is a different story.

I am sure you are familiar with Ichimoku. I explored using Ichimoku based 'MAs' and Ichimoku Based BB's. In other words I calculated the MA's the same way Ichimoku does. It has some interesting things, but I found no clear way that gave me any advantage.

Check out these two indicators, you might find them useful or you might find a way to modify them to be more useful.

You code much better than I do, so excuse the 'mess'.
Attached File(s)
File Type: mq4 BMI_Bands_ichimoku_2.mq4   6 KB | 1,097 downloads
File Type: mq4 BMI_MA_ichimoku.mq4   3 KB | 1,038 downloads
  • #235
  • Dec 31, 2012 9:58am Dec 31, 2012 9:58am
Quoting BlueMental
Numbers are symbols, a way we use to try to describe or 'speak' about the reality beneath the symbols. It is the closest language we have to source. Spoken word is more like Visual Basics.

As far as different pairs showing similarities, I wrote indicators exploring that ages ago. Trying to find which pair is 'leading' and which are following. In the end, I found no way of getting a clear 'edge' so I dropped it. But those 'coincidences' happen a lot and often, but how to use them is a different story.

I am sure you are familiar with Ichimoku....
Yes Sir, thank You my friend BlueMental...
I do familiar with Ichimoku, my Japanese mentor teach me about it and the 'key point' of Ichi was use it with price base chart like 'renko' or 'kagi' chart not with time base chart like standard candlestick chart...
With price base chart it will show not only 'range' but also 'angle'.
I will explore your ichi indicators maybe i can learn more from them.. once again thank you so much..

I also learn all that Gann stuff and geometrical charting, I do hv Gunner24 since its early release.. lol. but still not convenience with that overlay option so i dropped it, but I catch the concept a little bit..
In my country I hv a group which focus on price movement angle and build a system called FACT (Fibonacci Arch Contrarian Triangle) implemented on price base chart.
here is the example
Attached Image (click to enlarge)
Click to Enlarge Name: FACT example EU 2012_12_31_1756.png Size: 471 KB
  • #236
  • Dec 31, 2012 10:12am Dec 31, 2012 10:12am
A nice catch of Grumpy Granny.

+100 and still rising, but I only caught the first 30 pips. (I had to go out so I set TP not expecting more. But 30 pips is cool, 30 more than I had .

If I stayed in the trade,I entered using Magic MagicMonster and FibArcs @ 139.004, I would have been at +128 Pips at the top Yellow Line on the picture below. If still open, it would be, now as I type be 158 Pips @ 140.49

I missed my New Years Bonus (Well most of it anyway.)

Kiads, did you catch this one? Do yourself a favour, check how many pips EurUsd went with same spike. (38 pips).
You can now see why I only trade GbpJpy.

http://img268.imageshack.us/img268/5...ym5100pips.png
  • #237
  • Dec 31, 2012 10:26am Dec 31, 2012 10:26am
Quoting BlueMental
A nice catch of Grumpy Granny.

+100 and still rising, but I only caught the first 30 pips. (I had to go out so I set TP not expecting more. But 30 pips is cool, 30 more than I had .

If I stayed in the trade,I entered using Magic MagicMonster and FibArcs @ 139.004, I would have been at +128 Pips at the top Yellow Line on the picture below. If still open, it would be, now as I type be 158 Pips @ 140.49

I missed my New Years Bonus (Well most of it anyway.)

Kiads, did you catch this one? Do yourself a favour, check how many pips EurUsd...
Wow.. great my friend BlueMental.
I don't trade GBPJPY lately, since I still hv 1 open buy since Dec 11 so, I just keep it 'alive' ..lol.
btw if you use my round number indicator ! T_Kiads SweetSpot for GBPJPY, just try to change the starting price to 139 and see it at H1 and zoom it out you will see the GBPJPY 'price block' and why she jump today and stop right there...
hope it help.. my friend
  • #238
  • Dec 31, 2012 10:44am Dec 31, 2012 10:44am
Quoting Kiads
Yes Sir, thank You my friend BlueMental...
I do familiar with Ichimoku, my Japanese mentor teach me about it and the 'key point' of Ichi was use it with price base chart like 'renko' or 'kagi' chart not with time base chart like standard candlestick chart...
With price base chart it will show not only 'range' but also 'angle'.
I will explore your ichi indicators maybe i can learn more from them.. once again thank you so much..

I also learn all that Gann stuff and geometrical charting, I do hv Gunner24 since its early release.. lol. but still...
With Mt4 You can not make a 'true' Renko, but it works well enough. I found the Kagi indicators for mt4 to not be good for me. I think becauuse I do not know the right way to use them. I wrote some 'self adjusting; Renkp indicators. So that the 'scale' they use fits with how many bars on the screen. It helps quite a lot. I remember that I did make quite a few good trades using renko only. (looking for head and shoulders patterns, or trend breaks etc.)

To be honest, the way the Candlesticks are drawn is not as useful as Renko. Time limits per bar messes up a lot of things in some ways but shows other things that can not be seen with Renko.

With the Gunner24, the only wayto use it well with mt4 is by understanding the idea behind it, then use FibArcs set to Period()
In other words on M5 I use 5 scale, on H4 I use 240 scale. You can set the FibArc levels to 1;1.5;2;2.5... and get good rexults, or you can set it to the same placing as Gunner24. They do not look like 'circles' on mt4 but the price does follow them just like described in Gunner24. If you use any other scale, it does not work.

I also like to use 1; 1.414;1.732;2.236;2.828... (Square Root of the Fib Numbers)

I will look at the FACT and see if I can get anything useful out of it. Thank You.
  • #239
  • Dec 31, 2012 10:58am Dec 31, 2012 10:58am
Quoting BlueMental
With Mt4 You can not make a 'true' Renko, but it works well enough. I found the Kagi indicators for mt4 to not be good for me. I think becauuse I do not know the right way to use them. I wrote some 'self adjusting; Renkp indicators. So that the 'scale' they use fits with how many bars on the screen. It helps quite a lot. I remember that I did make quite a few good trades using renko only. (looking for head and shoulders patterns, or trend breaks etc.)

To be honest, the way the Candlesticks are drawn is not as useful as Renko. Time limits per...
Yes, Indeed my friend. what they 'called' standard renko builder program in MT4 hv a lot bug. So I made my own renko builder too. If you notice in my FACT example the 'renko block' just shifting half to replicate right 'angle' and also to make it 'true' renko we must create 'anchor point' so the renko program will always 'slicing' the price range in right position in every next tick. In that way, it will help so much to feeding data for other indicator that attached to this chart especially 'averaging type' indicators..
  • #240
  • Dec 31, 2012 11:35am Dec 31, 2012 11:35am
Kiads, The indicators do not work with the 'steps' on GbpJpy. This is because it is 138.123 not 1.38123
I tried to see if I could change it in settings, but I can not, and since they are ex4 files I can not get in to change in code.

EurEsd
http://img72.imageshack.us/img72/819...lateeurusd.png

GbpJpy
http://img812.imageshack.us/img812/6...lategbpjpy.png

They are normal BB on GbpJpy, not with the 'squeezedown' or squeeze up' that can be used in EurUsd
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