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  • #141
  • May 3, 2017 9:43am May 3, 2017 9:43am
Quoting AntiCre
{quote} @zznbrm, please forgive me to coming back to that old stuff (I will delete it if you ask me for). It took some time until I realized what it has to do with influx. I think CP answered it in his dropping egg post. We first need to establish a buy/sell hemisphere. In your charts (cf. here and there)...
AntiCre,

We are used to looking at time-based bar charts where the open is a set time. For example, on a one hour chart each bar begins and ends at the top of the hour (xx:00). The point of the cumulative candles is to go back in time from the present. So, if the current time is 12:15:36....then the "only" 1 hour bar of interest is the past 1 hour. Think of it as the bar that ends at 12:15:36 (and begins at 11:15:36). Then a second later the only 1 hour bar of interest is the one that begins at 11:15:37 and ends at 12:15:37. So, the idea is that the CLOSE of the bar is always set to the current time.

Thinking this way enables one to always be in the present...to only ever be interested in the current data and not history. Now add in multiple timeframe....maybe a 1 hour bar, a 15 minute bar, a 5 minute bar, a 1 minute bar, a 15 second bar....all ending at the current time. Now start calculating the difference between the averages of all ticks that make up each of these bars. What is the average price of the 15 second bar? What is the average price of the 5 minute bar? What is the difference between these averages. Now plot that on a tick chart.

I have no idea about pi, perception, retinal formation, gaussian distribution, normal distribution. That is making things much too complex for my tastes.
  • #142
  • May 3, 2017 10:40am May 3, 2017 10:40am
Quoting zznbrm
{quote} AntiCre, We are used to looking at time-based bar charts where the open is a set time. For example, on a one hour chart each bar begins and ends at the top of the hour (xx:00). The point of the cumulative candles is to go back in time from the present. So, if the current time is 12:15:36....then the "only" 1 hour bar of interest is the past 1 hour. Think of it as the bar that ends at 12:15:36 (and begins at 11:15:36). Then a second later the only 1 hour bar of interest is the one that begins at 11:15:37 and ends at 12:15:37. So, the idea...
Thank you very much for your answer. Now I can understand what your intention was. Thanks a lot! (May I ask if you/your friend for which you wrote the influx indicator still uses it [successful]?)
  • #143
  • May 5, 2017 10:31am May 5, 2017 10:31am
Quoting AntiCre
{quote} Thank you very much for your answer. Now I can understand what your intention was. Thanks a lot! (May I ask if you/your friend for which you wrote the influx indicator still uses it [successful]?)
A few years ago...I was wondering around FF one day and came across a guy who liked to post charts of his trading setups. He seemed to really enjoy teasing the FF community with his anecdotes and hyperbole...almost saying "Here are some screenshots of my setup...no one here is good enough to figure out how I trade...so ha ha".

A little time later a friend asked me about it. I looked into it a little more and thought it would be a great challenge to see if I could create a setup in MT4 that matched those screenshots. One of the indicators that came out of that was the influx indicator. Of course it is not perfect, but I think I got very, very close. It was actually a very cool exercise. I learned a lot about indicators and even enhanced my investigative techniques.

After creating the indicator, we spent a little time looking into it....to see if we could use it in our trading. We came to the conclusion that it was not going to increase the profitability of our trading. But, as I said, it was a good exercise.
  • #144
  • May 5, 2017 2:16pm May 5, 2017 2:16pm
@zznbrm: That's a pity. However, maybe you may share some of the lectures you've learned during your endeavour?! I'm especially interested in what you can teach me about the trading of common indicators. Could we filter bad indicator signals by comparing it with another identical indicator (with different/higher settings)?
  • #145
  • Jun 11, 2017 4:25am Jun 11, 2017 4:25am
Quoting zznbrm
AdrHighLow3.mq4 -------------------------------------------- ADR High/Low indicator using Daily data for ADR. I updated this one to allow for optional ADR stats in comments. AdrHighLow2.mq4 -------------------------------------------- ADR High/Low indicator using H1 data for ADR. I created this one for my broker (New York server time) so I can calculate the ADR based upon the most-commonly accepted daily starting time of 17:00 New York time. {file} {file}

Hi. First off thanks for the incredible coding work youve done for the ff community over the years. I was wondering if you were able to change this indicator into a Average Weekly Range so it plots the high low ranges of the previous weeks instead of average daily range. I would greatly appreciate it
Attached File(s)
File Type: mq4 AdrHighLow3.mq4   8 KB | 591 downloads
  • #146
  • Jun 14, 2017 8:13am Jun 14, 2017 8:13am
Quoting zznbrm
{quote} A few years ago...I was wondering around FF one day and came across a guy who liked to post charts of his trading setups. He seemed to really enjoy teasing the FF community with his anecdotes and hyperbole...almost saying "Here are some screenshots of my setup...no one here is good enough to figure out how I trade...so ha ha". A little time later a friend asked me about it. I looked into it a little more and thought it would be a great challenge to see if I could create a setup in MT4 that matched those screenshots. One of the indicators...
Hi ZZnbrm,

Would it be possible to add alerts for 0 cross level on the influx indicator? Please?

Thanks in advance

Swnlobo
  • #147
  • Jul 8, 2017 5:54am Jul 8, 2017 5:54am
Quoting zznbrm
... {file} {image}
Thx, zznbrm. It's some kind of multimeter, maybe showing the cumulative candle for given times, right?! However, the question is: When can we trade and when shouldn't we trade. In your example we can see that the market bias is mostly up. However, during the last 15 and 20 minutes, market dropped. Do we have to compare the result of the smallest lookback candle just with the result of all other candles? Or is it enough to use some kind of majority rules (in your example, most candles show up, thus we are in an up trend). But in that case it would make me wonder if I'd see a blue candle for S30 and a red candle for M1 because it may always mean that we're only in a retracement ...
  • #148
  • Jul 12, 2017 7:03pm Jul 12, 2017 7:03pm
Quoting AntiCre
{quote} Thx, zznbrm. It's some kind of multimeter, maybe showing the cumulative candle for given times, right?! However, the question is: When can we trade and when shouldn't we trade. In your example we can see that the market bias is mostly up. However, during the last 15 and 20 minutes, market dropped. Do we have to compare the result of the smallest lookback candle just with the result of all other candles? Or is it enough to use some kind of majority rules (in your example, most candles show up, thus we are in an up trend). But in that case...
It shows the candles for the last 30 seconds, 1 minute, 2 minutes.....up to 1 hour. But any timeframe is possible. As each tick comes in the open time and OHLC prices of each candle are adjusted accordingly. IOW...the close time of each candle is always "now" and the open time is "now - timeframe".

This type of thing might be useful to someone who is only interested in what has happened in the past 30 seconds or 1 minute or 1 hour....someone who truly only cares about the present and history does not matter. Someone who wants to establish a reference point of price a set amount of time ago.

As far as entries...I have no idea...I was just messing around.
  • #149
  • Oct 11, 2017 8:46am Oct 11, 2017 8:46am
London Session Rolling Average Envelope and Mid Line
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 57 KB
  • #150
  • Oct 11, 2017 1:25pm Oct 11, 2017 1:25pm
Quoting zznbrm
London Session Rolling Average Envelope and Mid Line {image}
I wonder if you would elaborate on the image?! I think the yellow line is an equivalent to a DC mid-line. I guess that the values of the lookback periods for both, the MA and the channel are anchored in the first candle of the London session?! And why have you chosen the predefined pip deviation (+-4 pips) from the rolling MA - is it based on some stats? Or arbitrary?
  • #151
  • Oct 13, 2017 8:53am Oct 13, 2017 8:53am
Quoting AntiCre
{quote} I wonder if you would elaborate on the image?! I think the yellow line is an equivalent to a DC mid-line. I guess that the values of the lookback periods for both, the MA and the channel are anchored in the first candle of the London session?! And why have you chosen the predefined pip deviation (+-4 pips) from the rolling MA - is it based on some stats? Or arbitrary?
AntiCre,

Yes that is correct...yellow line is HL mid for session...white is SMA Envelope anchored on London open. I chose 4 pips because it looks good.

This is a very easy chart to trade. There are 3 obvious entry points which just about any trader could make profit. There are also at least a dozen other entries where it is clear there is momentum in the "chosen" direction....most would have ended with good results...a few would have ended poorly.

But all that is rather obvious. But what is not obvious is when to exit. You hit on it a bit with this post that nobody wants to discuss:

https://www.forexfactory.com/showthr...9#post10376249

Entries are easy. Good entries are a little harder. What separates successful traders (especially scalpers) from unsuccessful traders is their ability to identify a good place to exit. It does not even have to always be the "best" place to exit, just "good" is good enough. It is quite a challenge to continuously identify when a trade should be closed. Which is why so few want to talk about it. In fact...I truly believe (and have proven to myself via extensive research and live applications) that a trader who really understands what they are doing and knows the good places to exit can be successful with random entries.

Sometimes you are going to lose. Sometimes you are going to win a little. Sometimes you are going to win a little more. But sometimes you are going to win a lot...I call them "whales" (from the casino industry). It is these whales that will make or break you. Sure scalpers can be successful getting a few pips here and there...but it's the whales they are really searching for. These whales are out there every day...and you want to be ready to attack them when you get the chance.

Remember...the markets are going up and down every single day (dare I say every hour, every 30 minutes, every 15 minutes, etc). This is the gift of the markets...it allows our trades to get into profit. But it is also a curse...this fluctuation leads to indecision:

"I'm down 5 pips....should I exit?"
"Do I take the 3 pips profit?"
"Wow...I'm up 20 pips in just 2 minutes...this is great...but I want 40 pips"
"I was up 50 pips a few seconds ago...now I'm up only 30 pips...maybe I should get out"
"Shit...I'm down 5 pips again. Maybe I should get out. But I have not caught a whale all day. Maybe I should give it a little more room."
"I'm up 30 pips and the range for the London session has hit its average...maybe I should exit"

Maybe it can be as simple (as you suggested) as a short-term MA cross that tells you when to exit. Maybe...but I think there needs to be a little more to it than that. I feel very confident that every successful trader has a well-defined plan for exiting trades. By "well-defined" I mean the plan handle all possibilities...from hyper moves to long periods of ranging. And the good ones know they should follow their plan to the letter. Even if discretion is involved, they still have a plan.
  • #152
  • Edited 10:09am Oct 13, 2017 9:57am | Edited 10:09am
Quoting zznbrm
{quote} AntiCre, Yes that is correct...yellow line is HL mid for session...white is SMA Envelope anchored on London open. I chose 4 pips because it looks good. This is a very easy chart to trade. There are 3 obvious entry points which just about any trader could make profit. There are also at least a dozen other entries where it is clear there is momentum in the "chosen" direction....most would have ended with good results...a few would have ended poorly. But all that is rather obvious. But what is not obvious is when to exit. You hit on it a bit...
Thanks a lot! I've studied your exit rules, however wasn't able to completely understand it. But I hope I'll get it with your input. I guess that the shortest yellow/orange line is related to the exits, right?!

Regarding the entry points ... would say it's a cross over the mid-line, a breakout of the channel and a cross above the very reactive line if it is above mid-line and channel (but that's more for consecutive trades after pullbacks)?!
  • #153
  • Oct 13, 2017 1:42pm Oct 13, 2017 1:42pm
Quoting zznbrm
London Session Rolling Average Envelope and Mid Line {image}
where can I download that indicator? The one that you have on your chart.
  • #154
  • Oct 17, 2017 6:50am Oct 17, 2017 6:50am
Quoting xoxo12
{quote} where can I download that indicator? The one that you have on your chart.
...
Attached File(s)
File Type: mq4 RollingSessionMA-History.mq4   7 KB | 952 downloads
  • #155
  • Oct 17, 2017 7:02am Oct 17, 2017 7:02am
Quoting AntiCre
{quote} Thanks a lot! I've studied your exit rules, however wasn't able to completely understand it. But I hope I'll get it with your input.
Those exit rules are a very old version for my system. My system is fully automated, uses range bars, individual trades are called Txns, groups Txns into Txn Groups. So I'm not surprised you don't understand. Those exit rules were meant to give an example of what complete rules might look like.

Quote
I guess that the shortest yellow/orange line is related to the exits, right?!

Could be. I don't trade like this. Like I said...I use range bars. I don't use tick charts and M1 charts. But if I were to use those, then yes I'd probably want to use some low-period MA to "smooth" the price action a bit to help with entries and exits.

Quote
Regarding the entry points ... would say it's a cross over the mid-line, a breakout of the channel and a cross above the very reactive line if it is above mid-line and channel (but that's more for consecutive trades after pullbacks)?!

Sounds like a good place to start. Go with those entries...but now concentrate on the exits. Define a set of rules that allow you to get a good chunk of each move but also allow you to keep losses small. It's not easy...but you don't have to be perfect. You need to understand that sometimes you will be wrong....accept those small losses but keep on trading...making sure that when the whales are available you get them.
  • #156
  • Oct 17, 2017 6:33pm Oct 17, 2017 6:33pm
Quoting zznbrm
{quote} ... {file}
Very interesting, both for the concept and for the code...! thanks a lot for sharing,
  • #157
  • Oct 24, 2017 8:38pm Oct 24, 2017 8:38pm
Quoting zznbrm
{quote} Those exit rules are a very old version for my system. My system is fully automated, uses range bars, individual trades are called Txns, groups Txns into Txn Groups. So I'm not surprised you don't understand. Those exit rules were meant to give an example of what complete rules might look like. {quote} Could be. I don't trade like this. Like I said...I use range bars. I don't use tick charts and M1 charts. But if I were to use those, then yes I'd probably want to use some low-period MA to "smooth" the price action a bit to help with entries...
Was today on EURUSD a tough day for your strategy?
Doesnt appear to be a whale of a day. Just curious.
  • #158
  • Nov 2, 2017 6:41am Nov 2, 2017 6:41am
thanks for the indicators.
Would it be possible to adjust the RollingSessionMA so that it would automatically update? Itīs a pain in the a*** on a 1min chart
TWEE, revoke my membership.
  • #159
  • Nov 10, 2017 12:17am Nov 10, 2017 12:17am
Quoting zznbrm
{quote} Those exit rules are a very old version for my system. My system is fully automated, uses range bars, individual trades are called Txns, groups Txns into Txn Groups. So I'm not surprised you don't understand. Those exit rules were meant to give an example of what complete rules might look like. {quote} Could be. I don't trade like this. Like I said...I use range bars. I don't use tick charts and M1 charts. But if I were to use those, then yes I'd probably want to use some low-period MA to "smooth" the price action a bit to help with entries...
In your exit rules is each side managed independently? as in buys are managed as one group and sells as another? Does this go through cycles where when a total profit is reached you close all and reset? or does it just keep rolling? I've thought about this for a couple of days now and am having trouble getting my head around it.
  • #160
  • Dec 13, 2017 3:48pm Dec 13, 2017 3:48pm
Quoting VincentGallo
{quote} In your exit rules is each side managed independently? as in buys are managed as one group and sells as another? Does this go through cycles where when a total profit is reached you close all and reset? or does it just keep rolling? I've thought about this for a couple of days now and am having trouble getting my head around it.
Both, buys and sells are managed separately and as a group depending on the situation. The system is robust enough to determine which way to go to achieve the current objective.

There are times when all trades are closed at once when certain conditions are met.

The point here is not to necessarily dissect my rules...but to consider them as an example of what a set of exit (and re-entry) criteria might look like.
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