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Low Volume Candles

  • #61
  • Edited 10:14pm Jun 10, 2015 9:59pm | Edited 10:14pm
Quoting hukam
{quote} ..target LVC you used for open and close the trade, good.
Hi... Hukam

If every time the indicator gives a signal we open a trade.
We closed all operations if the signal is in the opposite direction and opened one in the direction of the signal
Yes, always in the market ........ !!!!!
It always seems impossible until it's done...!!!
  • #62
  • Edited 11:13pm Jun 10, 2015 10:50pm | Edited 11:13pm
Dear Coders,

few more strategies work very closer to this system, to make it more accuracy, predictable we might use.

LVC detector can be improve further with help of

  1. ( TZ zones,
  2. Reversal Candles
  3. Pin Bar
  4. Hidden Volume Gap )


and order opening strategy, opposite to LVC are:-

 

  1. BB bands
  2. support and resistance
  3. daily open session lines
  4. near opposite FIB number
  5. Volume Speed


LVC must use a target point, trade can be open when price is X pips reach to S/R, touch BB bands, daily open lines, or nearest FIB level (FIB levels always drawn from 4H tfs).
And only one trade open from single tfs, we use upto HTF 4H.

eg: 5min TF + S/R level + if x pips price distance from LVC fresh zone = trade can be open
5 trades can be open on same TF (but we limit it to one trade,
must be open with fast signal and rest signal ignore on same TF)

eg: next HTF is 15min (we have b signal, if all above condition meet we can open new trade (limit one trade)
and this trade close with 15min LVC only)

... and this loop will be continue for all tfs.
on all tfs max we can open 3, 6 , 12 trades, it must be limit.

Martingale
Lot size increment should not have any relation with number of signals, number of tfs, its next point we will clear in next post.

interested traders can provide their valued suggestion, strategies, etc..
everybody is welcome here. its open source, once product is finished its presented here always..

thanks to those traders who spend their thousands of hours to post their systems/mq4 codes/suggestions on ff, i salute them..

  • #63
  • Jun 11, 2015 12:14am Jun 11, 2015 12:14am
why LTF to HTF one trade per TF?
1. every TF have its own cycle. its better if trade close within its cycle time
2. RISK/R:R booth are in ascending orders.
Attached Image (click to enlarge)
Click to Enlarge Name: LVC LTF HTF.png Size: 29 KB
  • #64
  • Jun 11, 2015 3:51am Jun 11, 2015 3:51am
Quoting hukam
why LTF to HTF one trade per TF? 1. every TF have its own cycle. its better if trade close within its cycle time 2. RISK/R:R booth are in ascending orders. {image}
This looks like an interesting method. Thank you both for the idea and the indicator. It looks like there are so many ways a trader can use this very useful tool.
I would suggest an alarm for warning so that one isn't stuck in front of computer all day.

Thanks to you all once again.
  • #65
  • Jun 11, 2015 4:07am Jun 11, 2015 4:07am
Quoting GoldTheHun
{quote} This looks like an interesting method. Thank you both for the idea and the indicator. It looks like there are so many ways a trader can use this very useful tool. I would suggest an alarm for warning so that one isn't stuck in front of computer all day. Thanks to you all once again.
honestly, speaking its high yield and tension free system, if you use it properly..
and also risk can easily manage with pending orders of equally lot size... incase you don't want to do hard math.
i almost doubling the account with EURCAD,GBPJPY,CADJPY pairs.. DD floating is 20-40% which normal with this kind of strategy.
now its coder job "EA Martingale Rector" core order opening and closing ideas is posted here.. anybody can play with it manually.
some money management ideas are pending which might be finish by this weekend.
  • #66
  • Jun 11, 2015 4:09am Jun 11, 2015 4:09am
Quoting fuenwood
Hi Khalil: Information for the new Expert Advisor. I took several days testing the new indicator signals LCV are very good. It has good signs in the major trends and trading ranges. The best timeframe is 15 minutes without stop loss and take profit not only by the signs of the indicator. Open positions while the indicator gives signals in one direction, we closed positions when we have a contrarian signal. 24 hours a day. The robot with the LVC indicator and news filter would have to work very well. I do not believe in complicated to win in the...
Thank you, Fuen, but what I don't fully understand is, how can we use the arrows as an entry signal when they appear some bars later (depending on the number of future bars)? The entries would be delayed and not exactly at the close of the arrow candle.
  • #67
  • Jun 11, 2015 4:12am Jun 11, 2015 4:12am
Quoting hukam
{quote} honestly, speaking its high yield and tension free system, if you use it properly.. and also risk can easily manage with pending orders of equally lot size... incase you don't want to do hard math. i almost doubling the account with EURCAD,GBPJPY,CADJPY pairs.. DD floating is 20-40% which normal with this kind of strategy. now its coder job "EA Martingale Rector" core order opening and closing ideas is posted here.. anybody can play with it manually. some money management ideas are pending which might be finish by this weekend.

I totally agree with you. I will try to code an EA for this during the weekend. I will share the outcomes here...
  • #68
  • Jun 11, 2015 4:49am Jun 11, 2015 4:49am
Quoting GoldTheHun
{quote} I totally agree with you. I will try to code an EA for this during the weekend. I will share the outcomes here...
Great. But do you have a clear entry criteria ?
No guts, no glory
  • #69
  • Jun 11, 2015 5:02am Jun 11, 2015 5:02am
Quoting abokwaik
{quote} Great. But do you have a clear entry criteria ?
i try to clear more about LVC zones its very similar to supply and demand zones. but its always appear before, or after the zone(above or above the supply/demand zones, very rare on same tf in supply and demand zones).
and this system is history based. means need 6-10-60-120-240 to 1000 (as per indicator) history bars to find these Low volume candles.
as per rule.. one LVC zone can be use one time only for closing the trade.
more simile to say on LVC is that its exit point.. how you enter your trade its upto you or your strategy which you had adopted.
Attached Image
  • #70
  • Jun 11, 2015 5:27am Jun 11, 2015 5:27am
Quoting abokwaik
{quote} Great. But do you have a clear entry criteria ?
Not at the moment honestly, but I will try few entry methods to see which would be a viable yield.
  • #71
  • Jun 11, 2015 9:49am Jun 11, 2015 9:49am
Quoting SputnikX
{quote} Thank you, Fuen, but what I don't fully understand is, how can we use the arrows as an entry signal when they appear some bars later (depending on the number of future bars)? The entries would be delayed and not exactly at the close of the arrow candle.
You have to change bars Future 2
It always seems impossible until it's done...!!!
  • #72
  • Jun 11, 2015 11:47am Jun 11, 2015 11:47am
Semi Martingale Reactor Manually Trading..
entry with 10 oxygen with 12/25 moving average, and closing with LVC zone.
trading results for 3days on Live account.
Attached Image (click to enlarge)
Click to Enlarge Name: 3days trades - Live account statement...png Size: 79 KB
  • #73
  • Jun 11, 2015 12:12pm Jun 11, 2015 12:12pm
Quoting hukam
Semi Martingale Reactor Manually Trading.. entry with 10 oxygen with 12/25 moving average, and closing with LVC zone. trading results for 3days on Live account. {image}
Hi Kukam

TEMPORARY USE IT THAT ... 5m, 15m, 30m, 60m....?

Best Regards.
Fuen
It always seems impossible until it's done...!!!
  • #74
  • Jun 11, 2015 12:23pm Jun 11, 2015 12:23pm
Quoting hukam
Semi Martingale Reactor Manually Trading.. entry with 10 oxygen with 12/25 moving average, and closing with LVC zone. trading results for 3days on Live account. {image}
Magnificent hukam. I am gonna take a look at oxygen this weekend and try come up with something auto tradeable.
No guts, no glory
  • #75
  • Jun 11, 2015 12:58pm Jun 11, 2015 12:58pm
Quoting hukam
Semi Martingale Reactor Manually Trading.. entry with 10 oxygen with 12/25 moving average, and closing with LVC zone. trading results for 3days on Live account. {image}

Great results Hukam, I see over 112 trades in 3 days and nearly 100% returns.
Noticed your entries are shy of TP and you had 3 loosing trades, I was assuming the LVC signals were sure TP points?

Just here to learn.

Thanks for sharing
Let it turn and find your entry.
  • #76
  • Edited 2:27pm Jun 11, 2015 2:11pm | Edited 2:27pm
Quoting bingo_bongoo
This is another way to use this amazing indicator............... when an arrow arrived.... most often you know the color of next future candle........... so why do not play with binary options ? 5 minute example DAX30 index......... and the daily fish is catch !!! {image}
please explian more on this, i am 100% interested as i still have some funds in my binary options account. Thank you
  • #77
  • Jun 11, 2015 2:36pm Jun 11, 2015 2:36pm
Gentlemen/Ladies Good Afternoon,

1st of all Thank you to the Thread Creator Abokwaik and all participants of this Thread for the collaboration of ideas and effort! I have a question for you guys and also some information I'd like to share that might be helpful.

My question for you is, what logic justifies targeting a Low Volume Candle as a high/decent probability target?

I would like to hear your guy's thoughts on my above question, but I've come here not to ask but also share some information:

On the similarity thread (now in the recycle bin due to a massive attack by an army of Trolls lol) and a variety of other threads linked to the similarity thread, it was proven using statistics, many man hours, and a variety of statistics based indicators created by a plethora of smart/generous programmers and traders:
that any point(price) on any timeframe on any major currency pair has an extremely high probability of being returned to

A real example from my personal trading journal using real statistics:
On EURUSD on the 5Min Chart there is an 88.6% chance that within 30 bars all prices of the 5Min bar in question would be revisited.

If we increase the "Bar limit" to say 300 instead of 30 we get a 96.7% chance of the 5Min bar being returned to!
Of course if we keep increasing our waiting period the % chance gets closer and closer to the fabled 100% (It never does though, you will find that you will have to wait an exponentially increasing number of bars the closer you get to 100%)

*The % stated remain consistent regardless of TF, Currency pair, or Point in time that is applied to. For visual learning/proof if you open up a chart and try to estimate all past price levels that were returned to you will see what I mean, almost all price is returned to given enough time.*

It might seem great "wow, price is almost always revisited in the future the longer I wait" but there are serious issues with trying to trade back to price that hasn't been revisited such as R:R, "Immediate Price Direction," large deviations in price (where to put Stoploss), and the rare probability that price will never be returned to etc. etc

Anyways.... back to my question
What makes a Low Volume Candle significant when it comes to "expecting" a return, in other words why would price want to go back to an LVC, after you have read what I presented above why not pick random prices on the current Bar on any TF and see how many bars it takes to be returned to?

Ps. Folks I don't mean to criticize any idea in a negative manner, I am here to learn from you guys! I am simply sharing something I learned that I believe may help in improving the system presented in this thread. I am interested to see/hear the logic of LVCs because I've never paid any real attention to volume only prices and would like to learn from those of you that find success with these types of methods.

Lastly, although I'm still busy with my own projects I'll try and be a part of this thread.

Thanks, Rparm
A Positive Mind, and Positive Spirit lead to True Happiness
  • #78
  • Edited 3:24pm Jun 11, 2015 2:54pm | Edited 3:24pm
Quoting Rparm
My question for you is, what logic justifies targeting a Low Volume Candle as a high/decent probability target?...
Hi Rparm,

Very valid question, I wonder why it wasn't asked before ,
Since no body asked, I thought they already know the logic behind using LVC as a potential target for a reverse entry :nerd:

Well, to cut the story short,

LVC is a candle with very low volume compared to previous candles.

a VALID LVC is an LVC that is not taken out for a minimum of x number of following candles,
Participants in Low Volume Candles are basically small traders (weak hands, poor guys...), hence the Low Volume.

The market will not allow those poor traders to stay in profit for long, so it will force them to get out,
as strong swings must start by big money (strong hands).

Quoting Rparm
it was proven using statistics, that any point(price) on any timeframe has an extremely high probability of being returned to. What makes a Low Volume Candle significant when it comes to "expecting" a return, in other words why would price want to go back to an LVC
Now, why not to target any bar as you mentioned, and as your statistics proved ?

Well, simply because Valid LVC will get hit SOONER,
and give BETTER R:R (as they appear after a number of candles, so there is some empty - untouched space to be filled).

Regards,

Khalil
No guts, no glory
  • #79
  • Jun 11, 2015 3:27pm Jun 11, 2015 3:27pm
But I am not getting any output of the LVC Indicator. Please help me.
  • #80
  • Edited 4:10pm Jun 11, 2015 3:44pm | Edited 4:10pm
hukam, a very interesting idea! abokwaik, your threads are fantastic and always thought-provoking!

Could one use a HVC (high volume candle - defined as the opposite of the LVC, i. e. indicating strong players) pointed along the direction of next LVC as an entry trigger?
Could one say that the HVC is less likely to be retraced?

Cheers,
k
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