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MADdash (Moving Average Distance)

  • #101
  • Jun 22, 2015 7:18am Jun 22, 2015 7:18am
I'll just summarize where MADdash is at:

  1. Choosing which pairs to view: I will code this as soon as I get the time
  2. Calculation method: out for discussion. Will be coded once there is some form of consensus
  3. Alerting method: out for discussion. Will be coded once there is some form of consensus.

  • #102
  • Jun 22, 2015 7:21am Jun 22, 2015 7:21am
Quoting pretorian1
{quote} You can put both values - in pips and in %. I think it would give us a clear picture on situation. I didn't say that your method is not good - because i have not any doubt it is good method helping a lot in trading, especially scalping. However i noticed a lot of situations, when the pairs with "the weakest" strenght showed a very very good momentum. That was pairs like CADCHF etc.wich has only 6 pips as a 10% change (opposite to lets say GBPJPY where you need 19 pips as a 10% change). So this is why i think it is good to create a percentage...
Some good observations Michael - this is what is needed i.e. people drawing conclusions after watching the behaviour of MADdash in realtime
Thanks
  • #103
  • Jun 22, 2015 7:33am Jun 22, 2015 7:33am
Quoting honestknave
{quote} Some good observations Michael - this is what is needed i.e. people drawing conclusions after watching the behaviour of MADdash in realtime Thanks
I mean if we got a pure pips value, we will miss lot of good opportunities - and we can catch them by using percentage change. This is what i observed last few days watching MADdash. If we had two versions, we can compare them also - to decide which one shows a better results

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #104
  • Jun 22, 2015 7:34am Jun 22, 2015 7:34am
Hi honestknave

I do not know all the alterations/requests you have in mind but can you try and keep it visually as COMPACT as possible
(even though it is designed for a large screen)?

eg. The active alerts(I do not know how many is possible at same time / you want to display) displays on the far right and one has to look to
this far right to select(After the nice coloured blocks on the left caught your attention).

Perhaps you could consider displaying this at the bottom using only the pair name with green background for buy and red background
for sell(still selectable)? Possibly saves at least the wording/computing "buy/sell".

Perhaps you are also considering adding positioning of the dash?

Thanks for changing to indi and your time spent.
I am now trying this out

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 496 KB
Don't limit yourself!!
  • #105
  • Jun 22, 2015 8:27am Jun 22, 2015 8:27am
Quoting honestknave
There has been some interest in using the values of MADdash in other EAs. In order to make this easier, I am releasing a new version of MADdash. IMPORTANT: this is now an INDICATOR (not an EA) so please make sure you add it into the appropriate folder. All subsequent releases of MADdash will also be an indicator. If you're not a coder looking to use these values in an EA then you don't need to read on I have decided not to use buffers. There are 5 timeframes with 8 currencies in each, which would require 40 buffers. While this is certainly possible...

Hi HonestKnave,

Apologies for the basic question but how would I input these global variables into an EA? As a guess would I add the function GlobalVariableGet into my EA to assign it to my own variable and then drop this indicator & my EA onto my chart for it to work?
  • #106
  • Jun 22, 2015 8:39am Jun 22, 2015 8:39am
If this is being coded into V.2... suggest a toggle ALL on/off too
Attached Image (click to enlarge)
Click to Enlarge Name: pair mod2.jpg Size: 214 KB
"You Never Know.....Until You Find Out."
  • #107
  • Jun 22, 2015 9:57am Jun 22, 2015 9:57am
Quoting mosiskv
Hi honestknave I do not know all the alterations/requests you have in mind but can you try and keep it visually as COMPACT as possible (even though it is designed for a large screen)? eg. The active alerts(I do not know how many is possible at same time / you want to display) displays on the far right and one has to look to this far right to select(After the nice coloured blocks on the left caught your attention). Perhaps you could consider displaying this at the bottom using only the pair name with green background for buy and red background for...
Quoting goldenequity
If this is being coded into V.2... suggest a toggle ALL on/off too {image}
Thanks for the suggestions.

As I previously alluded to, the problem is screen real estate. Or more precisely, a lack thereof

Realistically, pair selection will have to be a input parameter because there simply isn't room for another column with buttons

Similarly, to move the alert section to the bottom is fraught with difficulties. Firstly, it creates a height issue, and secondly you can't predict how many of the 28 pairs may need to be displayed. You could end up with the whole dashboard jogging up and down as it has to dynamically resize itself to cater for different numbers of alerts.

These problems aren't insurmountable, but they are some of the reasons why I'm not jumping in too quickly at making any changes.

Once again, many thanks for the suggestions
  • #108
  • Jun 22, 2015 9:58am Jun 22, 2015 9:58am
Quoting pretorian1
{quote} I mean if we got a pure pips value, we will miss lot of good opportunities - and we can catch them by using percentage change. This is what i observed last few days watching MADdash. If we had two versions, we can compare them also - to decide which one shows a better results Regards, Michael
Haha, maybe
  • #109
  • Jun 22, 2015 9:59am Jun 22, 2015 9:59am
Quoting Chorlton
{quote} Hi HonestKnave, Apologies for the basic question but how would I input these global variables into an EA? As a guess would I add the function GlobalVariableGet into my EA to assign it to my own variable and then drop this indicator & my EA onto my chart for it to work?
That's pretty much it, yes
  • #110
  • Jun 22, 2015 10:30am Jun 22, 2015 10:30am
Quoting honestknave
I'll just summarize where MADdash is at: Choosing which pairs to view: I will code this as soon as I get the time Calculation method: out for discussion. Will be coded once there is some form of consensus Alerting method: out for discussion. Will be coded once there is some form of consensus.
These additions would be be very useful.
Side note how does this tool handle platforms with prefixes & suffixes ie. GBPUSDSB ?
It never gets easier, you just get better
  • #111
  • Jun 22, 2015 10:34am Jun 22, 2015 10:34am
Quoting Shabs19
{quote} These additions would be be very useful. Side note how does this tool handle platforms with prefixes & suffixes ie. GBPUSDSB ?
Should be fine, but please report back any difficulties.
  • #112
  • Jun 22, 2015 11:29am Jun 22, 2015 11:29am
Thanks for sharing, it´s amazing, there is no money in the world to pay something like that.

I think it would be great to set the dash to work on a daily basis, M1 is great but you need to be in front of your screen, I know if you want money work for it, but maybe we have a way to configure this great tool to check it every night and open trades for the next day.

Someone interested??
  • #113
  • Edited 11:55am Jun 22, 2015 11:29am | Edited 11:55am
Quoting honestknave
{quote} {quote} Thanks for the suggestions. As I previously alluded to, the problem is screen real estate. Or more precisely, a lack thereof Realistically, pair selection will have to be a input parameter because there simply isn't room for another column with buttons Once again, many thanks for the suggestions
I understand that and will think in those terms
will let you know if anything/solution pops in my brain to conserve space & still accomplish need.
-----------------
RE: alerts display
I noticed they are displayed at the 'trigger moment'
but then immediately
are grouped alphabetically.

I find myself wanting to know 'when'/how recent they appeared
more than
wanting to visually see how they are grouped by anchor.

Suggest EITHER:
NOT 'grouping' the list and allow 'newest' alerts to appear at top, then descend as 'newer' alerts appear
or
allow user choice for either: alphabet grouping or chronological display.

**and yes, I understand that the pop-up gives chronological order
but is just 'one more thing' to have to look at.
I REALLY like the on board alert display MUCH better...

This is just feedback for your 'thinking' ... that's all.
I need to emphasize how AWESOME this analyzer is.
-------------------
A question on the alert logic:
When do they 'disappear'? What causes this?
Is it the pip threshold not 'holding/remaining valid'
or
Is it the pair sustaining the move and passing through 'another/different' threshold?
or either/both.
"You Never Know.....Until You Find Out."
  • #114
  • Jun 22, 2015 11:42am Jun 22, 2015 11:42am
Quoting bypasssbo
Thanks for sharing, its amazing, there is no money in the world to pay something like that. I think it would be great to set the dash to work on a daily basis, M1 is great but you need to be in front of your screen, I know if you want money work for it, but maybe we have a way to configure this great tool to check it every night and open trades for the next day. Someone interested??
You do know that you can change the timeframes in the inputs ?
M1, M5, M15, H1, H4, D1, W1 & Month
It never gets easier, you just get better
  • #115
  • Jun 22, 2015 11:56am Jun 22, 2015 11:56am
Quoting Shabs19
{quote} You do know that you can change the timeframes in the inputs ? M1, M5, M15, H1, H4, D1, W1 & Month
Yes, Im testing M15, M30 and more, but I dont know "the how to... read the dash for a daily basis, if the alert threshold of 30 pips I am using is ok, if the MA Period for the daily TF is good", if more people are interested maybe we can work together.

At this moment seems that EURJPY and EURNZD would be a good trade options for the next 24 hours but with my set, if someone more is working on a daily basis maybe is easiest to get it

Attached Image (click to enlarge)
Click to Enlarge Name: Set_Daily_Basis.png Size: 35 KB
  • #116
  • Jun 22, 2015 12:36pm Jun 22, 2015 12:36pm
Quoting honestknave
{quote} Nice trading George!

Thanks Andrew
Low Risk Low Stress High Reward High Probability Trades
  • #117
  • Jun 22, 2015 1:11pm Jun 22, 2015 1:11pm
Quoting pretorian1
{quote} Hello honestknave, It is quite easy to solve it, just divide [pip value] by [current price] and you will get a percentage change, that would be more objective than pips value. This is suggestion that i mailed to George Regards, Michael

Quoting honestknave
{quote} Hello Michael, Thanks for the suggestion. Let's see what George has to say about it. As you can see from his earlier posts, he is using MADdash with a not-insignificant level of success so I don't want to suddenly change the calculation method on him. From my own simple perspective, will your suggested solution not introduce it's own problems? The MA is calculated off the raw prices but you want to factor (only) the current price when doing the calculation I'm a trader/coder not a mathematician, so I'm happy to be corrected ...
Quoting pretorian1
{quote} You can put both values - in pips and in %. I think it would give us a clear picture on situation. I didn't say that your method is not good - because i have not any doubt it is good method helping a lot in trading, especially scalping. However i noticed a lot of situations, when the pairs with "the weakest" strenght showed a very very good momentum. That was pairs like CADCHF etc.wich has only 6 pips as a 10% change (opposite to lets say GBPJPY where you need 19 pips as a 10% change). So this is why i think it is good to create a percentage...
Hey Andrew,

The alert is definitely not the best but unfortunately IMHO I don't think there is anything we can do about it because of the MTF and multi pair nature of the dash. That does not mean we should not try the different suggestions when we have a consensus like you suggested in post 101. I do however agree that if possible, we can try Michael's suggestion for both pip & percentage change.

I have other suggestions but realize that a "general indicator" cannot be customized to every trader's needs. Therefore each trader has to find a way to adapt the indicator to their need. I have 2 versions of the indicator on and don't necessarily use the alert as I'm a visual person, although I turned on the alert of the version that starts from M30. I scan the dash for a group that shows all green and look for a corresponding group showing mostly red. I check the chart and if I find it agrees with my setup, I look for possible area(s) of entry, and it works for me.

Attached Image (click to enlarge)
Click to Enlarge Name: MADdash 4.39 am - 6222015.gif Size: 182 KB


I presently scalp with it and it's working fine but trying to move to the next level as I increase my lot size.

Shalom and good trading to all

George
Low Risk Low Stress High Reward High Probability Trades
  • #118
  • Jun 22, 2015 3:57pm Jun 22, 2015 3:57pm
im getting an error, how do i load this on my chart? i think its the screen size issue.

What can be done to resolve this?

Any help will be appreciated.
'To get something you never had, you have to do something you never did.'
  • #119
  • Jun 22, 2015 4:42pm Jun 22, 2015 4:42pm
Someone asked about, how to use values from indicator and since hovestknave has released the indi version, I'll contribute here with giving an very simple EA, which reads the indi values. Not the global variables, but the object values.
Everyone can then put his own logic into this EA to do whatever he want.
Attached File(s)
File Type: mq4 myMADDash_EA v1.0.mq4   3 KB | 2,075 downloads
  • #120
  • Jun 22, 2015 5:26pm Jun 22, 2015 5:26pm
Quoting goldenequity
{quote} I understand that and will think in those terms will let you know if anything/solution pops in my brain to conserve space & still accomplish need. ----------------- RE: alerts display I noticed they are displayed at the 'trigger moment' but then immediately are grouped alphabetically. I find myself wanting to know 'when'/how recent they appeared more than wanting to visually see how they are grouped by anchor. Suggest EITHER: NOT 'grouping' the list and allow 'newest' alerts to appear at top, then descend as 'newer' alerts appear or allow...
Hello goldenequity,

Thanks once again for the suggestions.

To answer your question, the alert logic is very basic. If a pair disappears it is because at least one aspect of the alert criteria is no longer met.
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