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Tick separate volume trading - coder needed

  • #1
  • First Post: Edited Apr 27, 2015 4:35am Apr 22, 2015 8:15am | Edited Apr 27, 2015 4:35am
Hello Traders,

We all know the basic of trading

" If Buyers are more than Sellers market will be in Buy"
" If sellers are more than Buyers market will be in sell"

i came across one Indi 'Tick separate volume Indi' and i have been with it from last month and it is giving amazing results , it is not like the others indicators which will predict the market , it is just the volume indicator which shows the volume of Buyers and sellers active in the current market , so from this information we can judge whether the market is BUY or Sell ,

I am not the coder of this Indi , i have found this in this forum , thank you for the coder and sorry for posting here again

here is how it works
Attached Image (click to enlarge)
Click to Enlarge Name: tickseperator.jpg Size: 159 KB


so here in this image sellers volume is more than Buyers volume so market is in Sell


so i am looking for the one who can develop an Ea with this indi ,
the rules to open/close orders

buy order opening: buyers are more than sellers
buy order closing: buyers and sellers volume is same

Sell order opening: sellers are more than buyers
sell order closing: Sellers and buyers volume is same

and it will be better if we add good money management also

here is the Indi file
Attached File(s)
File Type: mq4 TicksSeparateVolume.mq4   4 KB | 3,492 downloads


thanks again for this Indi developer

Ea Designed by Math trader7
Attached File(s)
File Type: ex4 MathTrader7_TVScalperEA(1).ex4   125 KB | 1,508 downloads | Uploaded Apr 27, 2015 4:35am
  • #2
  • Apr 22, 2015 8:31am Apr 22, 2015 8:31am
Interesting

Is there any one to Automate this great Indicator ?
  • #3
  • Apr 22, 2015 8:52am Apr 22, 2015 8:52am
I sent a request to Ferrufx and i hope he responds
Your perception dictates your behaviour
  • #4
  • Apr 22, 2015 8:59am Apr 22, 2015 8:59am
The difference in the Buyers and Sellers (tick) volume, in the example screenshot in Post 1, is just 14, and the percentage of difference is just 0.44%. I may give it a try to automate this strategy, and test it with real ticks.
Trading is the hardest way to make easy money...
  • #5
  • Apr 22, 2015 9:13am Apr 22, 2015 9:13am
Quoting MathTrader7
The difference in the Buyers and Sellers (tick) volume, in the example screenshot in Post 1, is just 14, and the percentage of difference is just 0.44%. I may give it a try to automate this strategy, and test it with real ticks.
thank you Math trader ,

the difference in number doesn't matter , i have been testing this indi from a long time

i request you to first download this indi and have a look

waiting for your reply
  • #6
  • Apr 22, 2015 9:18am Apr 22, 2015 9:18am
Quoting techlover
{quote} thank you Math trader , the difference in number doesn't matter , i have been testing this indi from a long time i request you to first download this indi and have a look waiting for your reply
A question about the trading logic: The EA tick by tick monitors the Buyers/Sellers (tick) volume within a M30 candle, and the first tick that makes a difference of 1 in their volumes, the EA opens a position accordingly, right?
Trading is the hardest way to make easy money...
  • #7
  • Edited 9:51am Apr 22, 2015 9:22am | Edited 9:51am
Quoting MathTrader7
{quote} A question about the trading logic: The EA tick by tick monitors the Buyers/Sellers (tick) volume within a M30 candle, and the first tick that makes a difference of 1 in their volumes, the EA opens a position accordingly, right?
Ea will wait till the difference between the Ticks is at least 5 to take a trade

example:
if buy ticks more than 5 with sellers then Ea will take a trade as buy and if both are same then trade will be closed
  • #8
  • Apr 22, 2015 9:32am Apr 22, 2015 9:32am
Quoting techlover
{quote} Ea will wait till the difference between the Ticks is at least 5 to take a trade example: if buy ticks more than 5 with sellers then Ea will take a trade as buy and if both are same then trade will be closed Time frame doesn't matter here , the only condition to met is the difference of 5
Now it is more clear for me how the EA must open/close positions. I will start working on the EA tonight.
Trading is the hardest way to make easy money...
  • #9
  • Apr 22, 2015 9:52am Apr 22, 2015 9:52am
I don't see the logic behind this method. We all know that tick volume in MT4 is actually Tick Count (not real volume).
So basically an up tick means price is up one point, and a down tick means price is down by 1 point.

Accordingly if up ticks are more than down ticks then the candle is bullish, and if down ticks are more than up ticks then the candle is bearish, and when up ticks equal down ticks we have a doji candle. The candle could change its type (bullish,bearish or doji) during its lifetime, until finally closes on a specific type.

Or maybe I am missing something here ?
No guts, no glory
  • #10
  • Apr 22, 2015 9:53am Apr 22, 2015 9:53am
one small correction Math trader

give the option to change the tick difference , let us first test in lower time frames and move it to higher

guys this Indi wil work only below H1 time frame
  • #11
  • Apr 22, 2015 9:57am Apr 22, 2015 9:57am
Quoting abokwaik
I don't see the logic behind this method. We all know that tick volume in MT4 is actually Tick Count (not real volume). So basically an up tick means price is up one point, and a down tick means price is down by 1 point. Accordingly if up ticks are more than down ticks then the candle is bullish, and if down ticks are more than up ticks then the candle is bearish, and when up ticks equal down ticks we have a doji candle. The candle could change its type (bullish,bearish or doji) during its lifetime, until finally closes on a specific type. Or maybe...
i agree that the candle ends up in doji if there is both buyers and sellers movement at the same time , but if u check this indi in lower time frame at the same time

you will see the bullish winning first on bears and later bear win on bulls or reverse. we have the chance of 2 trades there , may be the profit is low but we can close the trade in positive

the example is here in this image
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 26 KB

this candle may end Doji in M30 but wn u see M5 here
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 24 KB


we have a chance of sell and buy , iam not saying we have to use 2 time frames but , in the same M30 time frame we have a chance of two trades
  • #12
  • Apr 22, 2015 10:21am Apr 22, 2015 10:21am
Quoting techlover
{quote} i agree that the candle ends up in doji if there is both buyers and sellers movement at the same time , but if u check this indi in lower time frame at the same time you will see the bullish winning first on bears and later bear win on bulls or reverse. we have the chance of 2 trades there , may be the profit is low but we can close the trade in positive the example is here in this image {image} this candle may end Doji in M30 but wn u see M5 here {image} we have a chance of sell and buy , iam not saying we have to use 2 time frames but...
Thanks for the clarification,

I see that MathTrader had volunteered to program an EA. So let's wait and see.
No guts, no glory
  • #13
  • Apr 22, 2015 10:25am Apr 22, 2015 10:25am
a little modification
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 41 KB
Attached File(s)
File Type: mq4 TicksSeparateVolumeDif.mq4   5 KB | 2,644 downloads
  • #14
  • Apr 22, 2015 10:48am Apr 22, 2015 10:48am
Quoting mellyfx
a little modification {file} {image}
Thank you Mellyfx for your modified Indi but it seems that it shld say +10 to sellers , kindly change that
  • #15
  • Apr 22, 2015 10:57am Apr 22, 2015 10:57am
Quoting techlover
{quote} Thank you Mellyfx for your modified Indi but it seems that it shld say +10 to sellers , kindly change that
n.p.
Attached File(s)
File Type: mq4 TicksSeparateVolumeDif.mq4   5 KB | 1,822 downloads
  • #16
  • Apr 22, 2015 11:31am Apr 22, 2015 11:31am
simply everytime price will be above the open (of the candle), that volume indicator will show more buyers.
everytime price will be below the open, the indi will show more sellers.

what a wonderful thing
  • #17
  • Apr 22, 2015 12:10pm Apr 22, 2015 12:10pm
Quoting tunera
simply everytime price will be above the open (of the candle), that volume indicator will show more buyers. everytime price will be below the open, the indi will show more sellers. what a wonderful thing
lol exactly, and i thought i was missing something.
  • #18
  • Apr 22, 2015 12:17pm Apr 22, 2015 12:17pm
Here is the first version of the EA. It works according to the strategy mentioned by techlover.
Attached File(s)
File Type: ex4 MathTrader7_TVScalperEA.ex4   125 KB | 1,093 downloads
Trading is the hardest way to make easy money...
  • #19
  • Apr 22, 2015 12:21pm Apr 22, 2015 12:21pm
Quoting MathTrader7
Here is the first version of the EA. It works according to the strategy mentioned by techlover. {file}
Thank you Math your are fast ,will test and get back to you
  • #20
  • Apr 22, 2015 12:29pm Apr 22, 2015 12:29pm
Quoting techlover
{quote} Thank you Math your are fast ,will test and get back to you
You're welcome! :-)
I'm backtesting with real ticks on M1, M5, M15 and M30 time frames, EURUSD pair. However, there is a point about the close position rule: when a new bar opens, the difference becomes zero, so the EA closes any open position according to your strategy, is this what you really want the EA to do?
Trading is the hardest way to make easy money...
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