walterw

Now that you bring Master this exits on 5 min... I am looking at my classic "The Exit" definition on 5 min and it really brings noise quite down and more nice larger moves...(posible optimization of RRR) maybe we should consider an alternative for exits on the 5 min as well... So far I DO find precision on my Timing Entry at the 1 min with the Vmar edge... cheers Walter.

Nice and simple Master... this would be a quite smart trailing stop... very simple calculation... would be nice if we could code into MT4... any programmers would like to take shot ? its a very simple calculation, unfortunately I dont know programing on MT4... nice contribution here Master... thanks for interacting... cheers Walter.

Hi Nishant... a 200:1 leverage its not serious on my opinion... 100:1 its ok... let me give you the EFX example as I consider them a nice broker as they have an ECN type platform... 1 contract moves 10.000 units of X currency on x pair... for the sake of simplicty lets say its a USD pair ej. USD/JPY... so in that case each contract will cost you $100 as your leverage is 100:1 wich is $100 x 100 leverage = 10.000 units... In terms of margin calls it depends on the broker... some work with a 25% others if their is equity for you position... no problem... should you have at least $200 on acct for each $100 you trade you should be ok... and manage yourself with technical stops... hope this makes some sense... cheers Walter.

Nice input Master and welcome aboard ¡¡... could you expand on the explanation of how exactly you read this two bar exit... certainly exiting on 5 min would put our RRR on steroids... would love to see more examples on how you use it... thanks for interacting ¡¡ cheers Walter

And here a Video on Setuping... next we will go again thru timing (our second phase)... cheers Walter. Setuping.swf

Here I attach some real life examples... The blue circles are a SETUPING .... wich includes the two steps 1rst Intention and Pullback with the black line on the correct side of the magenta line... so thats the first phase of a "VMAR Icon" Trade... I believe its no brainer... on next post a video explaining this... cheers Walter.

So from this revisited structure of a "VMAR Icon" Trade let me go thru the definitions once again... I know it might sound like a broken record, but I want to make sure you really get it... Our new trade structure will be : _SETUPING _TIMING _EXITING very simple one... let me start with the definition of _SETUPING On this Phase we start to look for a reason to get inside a trade... that reason is simplified to a very clear pattern wich actually is the ICON.. the icon as we already explained is situated on a very competitive area of a prospect move... actually on the begining of this move... So to remember, this is how a VMAR Icon concept looks like : Now until Where on that Icon concept we can say we have a SETUPING ? well on the graph below you can see that we consider a SETUPING being completly formed when we have a 1rst Intention and we also have a Pullback ... those two moves are conforming a setuping... Now we have to also add here a vital condition wich is the basic trend definition (black line above/below magenta line)... Normally the 1st intention on the icon makes the bars cross the magenta line and you still dont have the black line on the correct side of the magenta line for basic trend definition... so we expect to see at least during the pullback this black line already on the right side of the magenta line... So in the above chart you got a very good SETUPING defintion in front of you.. on the next post I show you some real life examples... remember all this is on the 5 min chart... cheers Walter.

jejejeje very emotional graphics there ¡¡ I see you had some reaction on that graphity there ¡¡ jejeje cheers Walter.

As some of us are actually using MT4 for forex trading analisis I had been requested by some new traders on some instructions on how to import indicators and templates into MT4... The procedure its easy and simple... you must use you Windows explorer... go to the MT4 program folder as you browse you will find a folder called experts... inside there you have a folder called indicators... you must copy the .mt4 file into that folder... metatrader must be restarted to see the indicator on the navigator window under custom indicators... For templates its the same but on the templates folder ( not the one inside the experts)... there is one template folder on the program folder... copy the template into this folder... then with right click above chart you have a menu with the templates option... Here is a snap of the folders on the windows explorer : hope this brief explanation helps... this thread can also be used for other Mt4 issues... cheers Walter.

Hi Pyenner your spirit of perseverance its outstanding ¡¡ we should add you on the vip section of the "Tokyo Gang" ¡¡ about my template preference, I like the grey background with black line... the only thick lines for me are the black, darkgreen and magenta... thats my two cents here... great job Pyenner ¡¡ cheers Walter.

And Here a short video about my Process on a trade... I know this could be somekind off topic, but could be of some help to some traders... cheers Walter. My Process in a Trade.swf

Thanks Pyenner for this... at this point I am still using the 2nd version from Igorad`s and yes did also adjust some thicknes and colors as well... cheers Walter.

So the routine of a VMAR Icon trade consits of three Phases : _SETUPING _TIMING _EXITING here is a graph of how he FOCUS on the information related to each of this Phases... So this simple information I give here aims to make you understand how important is to focus on each stage of a trade... for example on scalping futures its a must to have your brain trained to change from one stage to other so you can focus on each "specialty" as they unfold on a trade.. on futures scalping each of this stages takes sometimes seconds... for this forex aproach you have more time and its more relaxed BUT you MUST be focused on the stage you are in... I do this type of input as I will show you normally first the 5 min chart wich actually responded to a complete stage appart... then the 1 min shows how I focused on the next two stages of timing and exiting... I will normally NOT LOOK at the 1 min chart until I get an order to start timing my trade from the 5 min chart... So here is the Routine : 1rst : I am ONLY looking at the 5 min chart for a "VMAR Icon " setup... no mambos here only one chart (the 5 min chart)... once the setup is there I go to the 2nd phase of looking at the 1 min chart for timing my entry... at this point I forget about the 5 min chart.. he told me there was a prospect Icon, I beleive him... now I just focus on the 1 min to get in... I got modern timing technology thru vmar on 1 minute... and wow I get in... NOw I am ready to focus on my 3rd phase... I dont worry any more on timing as I am already inside, there is no object on looking for setups at this point.. I am just on the full enterprise of closing correctly my trade be it good or bad BUT correctly.... after X output I close it and my entire process is finished... RELAX... think positive specially if the output was not the expected... cheer if you got a great one ¡¡¡... give yourself time to repair your fisical, emotional, psicological and spiritual fit before you start a bran new process... This probably is a little out of topic on the thread but I thought I could share... cheers Walter.

OK let me brief a little bit where I am and where I am heading at this point of this research... I had been doing some parallel research of a scalping alternative using Vmar`s... but at this point I just droped that alternative... lol.. I have decided that at this point I will only focus on the "surefoot" trade that I take from the 5 min chart... I will call this trade "VMAR Icon" Trade... so I will try not to mix other things but getting really focused on this aproach... I am so glad to see other people are combining vmar`s with their own methods, thats the real idea here... offcourse as usuall I will share my entire specific aproach that you can take as much as you want for your trading, be it some aspects of vmar`s or be the whole thing... So SO so so.... from now on my inputs in the thread will really be focusing into "VMAR Icon`s"... I thought as I am getting more specific here I could share some diferent way of looking at the structure of the trade... this can organize the overall routine of the trader as he attempts to do a "VMAR Icon" trade... Probably this will sound a little bit for newbies... but its nice to go into the basics as it organizes the entire process of this trade... this was the original structure of our trend trade : To open position : _Trend Definition _Pullback Definition (dips and rallys) _Timing Entry Definition To Close Position : _Stop Definition _Exit Definition Now a trader that trades "VMAR Icon`s" would have basicly three stages of his trade : (this words are my invention, not conventional) _SETUPING _TIMING _EXITING this graph shows how the trend trade structure fits on this three stages that a trader will go thru: So notice how trend and pullback definitions are all discounted on the VMAR Icon Pattern... thats the SETUPING phase of a trade.. actually the first one on any trade... The second phase is TIMING, when you have a setup in place you will fine tune your entry... and Third and last, once inside the trade you are focused on EXITING being a stop loss or neutral trade or a succesfull wining trade... this three phases are how the traders work are organized... very simple routine he goes thru... no confusion here... sounds a little stupid maybe.. but you know sometimes traders are thinking on timing when they still dont even have their setuping been correctly identified.. others had open a trade and are looking for new setups instead of monitoring correctly their exiting... so this is how a trade has to be managed in terms of FOCUS First you are working for the SETUPING division of your trading company.. Second they re-asign you to the TIMING section, you dont have nothing to do with the setuping any more... Third after you open your trade they send you to the fifth floor to the EXITING department where you will focus exclusive on closing your trade... after that they will give you a brake... some coffe, maybe some relaxing and again the process starts on the SETUPING division once again... Is your trading organized like this ?? Good ¡¡ you can call yourself a trader, you still have a mambo on the entire process ??.. well maybe its time to organize it.. this is one way you can implement it... On next post I show you the basic structural routine thru the charts and your trading platform as you trade a "VMAR Icon trade"... this structure will be used on my coming posts about this trade so we can talk on the same language here... cheers Walter.

Thanks for all your efforts Pyenner, had been triyng yours here on mt4... looks interesting... must admit I became visually dependent on the entire rainbow... do you plan to eventually make a version of this optimizations with the entire rainbow ? cheers Walter.

Nice Stuff momentom ¡¡ I like to see how you can perfectly use this tools on other instruments... we can perfectly start a new thread so we can expand horizons on the aplication of Vmar on other instruments and in combination with other methods... thanks for your inputs, will be anxiuos to see how you trade with this tools... cheers Walter.

I completly agree Z ¡¡ really this very small ploting diferences doesnt have nothing to do with the overall argument... I did imagine that we will not get the exact match as how the platform does the calculation... At this point after comparing lots of charts between VT and MT4 I made my mind and decided to drop VT and stick too Igorad`s second version of the indicator on MT4 that really performs very well... so at this point I will not deal any more with the programing issue as to the trading methodology that has a very nice clear performance... So once again thanks to Igorad for his great contribution and other programmers on this great attempt... cheers Walter.

Hi Pyenner... my question is,why is it that we cant still dont get the exact match of the vt version ? what does this formula on VT has specially on the horizontal effect ? I think Igorad`s second version its "almost" identical... but the horizontal effect still varies a little from VT`s ... any hint on the calculation ?... thanks for efforts... at this point I am sticking to Igorad second version as I am testing historical data.. cheers Walter.

Today was a "Big News day".... 9/7 08:30 US August average earnings 0.3% 0.3% 0.3% 9/7 08:30 US August non-farm payrolls 110k 92.0k -4k 9/7 08:30 US August unemployment rate 4.6% 4.6% 4.6% 9/7 10:00 US July Wholesale Inventories 0.4% 0.5% 0.2% There are news that impact more than others... in this scenario the technical trader must understand that he is in a hostile context as any particular technique can be completely useles under this circumstances... why ? because most normal technical conditions get into equilibrium and work ok with a normal amount of players wich are having a "normal" performance of supply and demand... now when a news release happens, this normal amount of players is disrupted with an abnormal amount of players that actually where not part of this equilibrium... so in this case technical "normal" conditions will clean dissapear as the ecosistem in wich we where will be abnormaly overcrouded of strange criatures that come with very abnormal conducts... Thats why a trader should understand that his normal trading ecosistem will sufer a hurricane during news where the ceiling of his method will blow out... what to do about that ? well.. there is a lot of nice things you can do: go shopping, cinema, coffee, park, swiming pool... gym etc... are you soooo greedy that even you cant take off during this hostile conditions, well you know what ? under this conditions your marvelous technique is useless... you cant beat this volumetric monster... NOW if you know how to trade the news I take my hat off and congratulate you... if not STAY OUT ¡¡ there is plenty normal conditions to trade on.. and make your weekly targets without exposing yourself to a hurricane... even you have the advantage of knowing when the hurricane will hit land ¡¡ look at the econimic news calendar... thats a nice oportunity to take your agenda and plan some relaxing ¡¡ On the above chart I mark previous normal conditions... by FAR you already made your week... you know this news comes, you know your techinque will be useless... you know how much you can enjoy taking the day ¡¡ You should enjoy yourself more instead of trying to understand what that monster did... there is no technical explanation to what he did... because he doesnt work by technicals as by insiders fundamentals wich you and me will not ever have access... When the market ecosistem comes back to normal conditions, then we are ready to work back on our normal succesfull methods... Thats my input on this scenario... there is no need for mambos... just relax and trade on normal conditions, be smart, dont be suicide, give yourself a break.... cheers Walter.

Glad to hear that ¡¡ feel free to interact... cheers Walter.

So now let me revisit the two trades from today how they would look on VMAR version 2 on MT4... The 5 min chart DID call 2 Icons... black line was above magenta... maybe we could say the first trade was agressive as our trend and momentum was yet too small.... now the second one is just perfect.. notice how the rainbow spreads out, then the pullback and after that we take off... Now lets take a look at the timing on the 1 minute chart... once again we can enter on the cross of the blackline to the darkgreen (classic timing entry definition) an have "the exit" when the bar crosses the thick darkgreen... Very clean and effective charts ¡¡ and on the right platform MT4... wich is much more friendly platform... I even got 3 years of data base to manual test this aproach ¡¡ we could do a super PDF of this with 200 examples ¡¡ Thanks again for all this collaboration... I would love to see other charts being posted.. feel free to post here.... cheers Walter.

The second Version of VMAR from Igorad for MT4 is now working on my platform... for some reason I couldnt make it work today... Now I can say this one is almost the same to VT... rainbow its the same now... horizontal effect almost the same... I attach chart of both... once again Thanks Igorad ¡¡ cheers Walter.

Now I made it work... finally... a member from tsd suggested me renaming the indicator and its working now... cheers Walter.

And a video about this two trades on diferent platforms... each have pros and cons.... for example MT4 Trend on 5min is more robust... and 1 min on VT has better horizontal effect for timing... maybe we can use both platforms jejeje... well, why not... cheers Walter. 2 Trades MT4 and VT.swf

And here are the same two trades on VT charts... Notice the first one did not have much of a classic trend definition as the black line was still below the magenta... On the 1 min performance was very similar... So things are very similar... now the diference are on the horizontal effect and also on the sensitivity of the rainbow... the rainbow on MT4 is more slower in general, wich sometimes it has some advantages... About NT version ... definitely 0% horizontal effect... lol.... cheers Walter.