Money Flow Trading Question

Hi Guys!

I feel embarrassing that i opened a journal with some lame mt4 indicators thought that i know money flow.
I was wrong. I still can not understand it fully to now.

http://www.forexfactory.com/showthread.php?t=334165
I have read all unknown4x's posts over 20 times
and able to make a program that can show me the trade weight index of some currencies (i will show below)
And only learn and trade Demo on History mode of my program.

I know this place have a lot of experience traders, so in stead of spending next 1000 hours on chart,
could you teach me some advice, any hints?

I know the basic that we need an in-flow currency X and an out-flow currency Y,
so we can sell Y and buy X.

But by the time they flow in and out, we can be late.
How can we identify it sooner?

Because of USD is most traded and has biggest volume,
should we only trade when money flow in or out USD?
EUR is second, JPY is third, should we trade some of their flow, too?

Currently, i use Weights and Constants from Markit. Is there any good source?

And this is my program, I call her Emma.
http://i.imgur.com/8IRgCwl.jpg

I really get inspired from Iron Man and Avengers, i have coded Text To Speech so her can talk a little bit by now
(Still have a lot of thing to improve).
I want to her can read some news, alert calendar in the future.

I can not look at 20 chart at a times so i let her read some numbers, which pairs of currency are strong/weak...

Anyway, if you help me, i will definitely help you back. I can code for you in exchange for information.

I will enjoy Sunday for now.

Anythings about money flow is welcome !!!


P.S: I think about use Emma Watson or Elizabeth Olsen (from Avengers) picture instead of anime, what do you think ?

One more question: Does we look for a some king of pattern?



About Emma, i feed her with Dukascopy's feed. Using Java as unknown4x's advice.
I only learn Java for 3 weeks as making her.
So i will not share or sell her.

But i will help you with coding in case you want.

By learning economics and the way the market participants interact.

Welcome back, Zelo! Hope everything is going well for you

It would seem logical to start with

1) identifying a flow happening
2) identifying a pull back within that flow
3) waiting for it to turn back in the direction of the main flow

I trade like this on higher time frames, not sure how unknown4X was milking it for 10 pips trades he was talking about, but it seemed to me he probably waited for pull backs to S/R within flows like this

I think i dont need too. I will spend time on charts instead.


You too, NorthTrader!
Hope you have a great week!

Thank you very much for sharing your strategy, lemna!

A flow with a pull back usually is not a good flow.

From what i read, I think he only trade AU, EU, GU and make a killing by waiting for right flow.

Hi Zelo,

Have you tried this influx indicator from the below thread?

http://www.forexfactory.com/showthread.php?t=257683

Thank you tradeforlife,
But i am lazy to touch MT4 again.

Grinning with my eyes wide open. I thought i knew how to trade until i saw unknown4x's thread on money flow. i have been playing with that idea for some time now and i thought i was the only one doing it. In my opinion, his idea is one sure way of getting into the right trade at the right time and i have an idea of doing this but i lack simple coding skill otherwise i would have know if my idea will stand the demands of live trading but it seems good when i backtested. if you are still interested, let me know. we can work something out. its just and idea to spot the strongest and the weakness at the moment

hello any who can make this signal alert mfi cross stochastic

mfi line (blue line) cross stochastic main line (yellow line) above 50 is down signal alert

and mfi line (blue line) cross stochastic main line (yellow line) below 50 is up signal alert

that use basic indicator not have any extra for setting thakyou .