turboscottomatic

Nice to see you back Walter! I don't post much but I read a lot. I've learned more about KISS trading from your threads back in the day than just about anywhere else. Thanks for all the generous posting. You've helped a lot of people. I hope to see you back some more in the future! Scott

If anyone has been looking at this, thanks but don't bother. The color coding on this LinReg was so amazing I thought I found a grail. But when I put it on a 1 minute chart and watched it for a while, turns out it was repainting 2 bars back on reversals - thereby giving a fantasy early warning at every reversal. Scott

Hi All, I am hoping someone with some C or MQL4 coding savvy can help me. I have some color coding in an indicator written in MQL4 (which is supposed to be like C) that I am trying to apply to my TS indicator. I have some skill in TS indicator coding and can do that part, if someone can help me understand the MQL4 logic. The indicator in MQL4 is 'Least Squares Moving Average' which is identical on a chart to TS 'Linear Regression Curve.' My TS version (MultiCharts, actually) is one color. The MQL4 version has a very nice 3 color appearance that I find very useful. However, I can't make heads or tails of the code. I would appreciate GREATLY if some real programmer out there can translate the color coding part of the following code into normal logic statements or pseudo-code for me. I can take it from there. I assume I"ll be able to apply it to the TS LRC indicator simply enough, if I can just understand the logic. I will be happy to share the indicator with the forum once it's done, if anyone is interested in it. I've attached a picture of the indicator. You can see the 3 color logic I'm talking about. Many Thanks for the help, Scott Here is the MQL4 code: //+------------------------------------------------------------------+ //| | //| Copyright © 2004, MetaQuotes Software Corp. | //| http://www.metaquotes.net/ | //+------------------------------------------------------------------+ #property copyright "Copyright © 2005, FX Sniper " #property link "http://www.metaquotes.net/" //---- indicator settings #property indicator_chart_window #property indicator_buffers 3 #property indicator_color1 Yellow #property indicator_color2 Green #property indicator_color3 Red //---- buffers double ExtMapBuffer1[]; double ExtMapBuffer2[]; double ExtMapBuffer3[]; int width; extern int Rperiod = 34; extern int Draw4HowLongg = 1500; int Draw4HowLong; int shift; int i; int loopbegin; double sum[]; int length; double lengthvar; double tmp ; double wt[]; int c; //+------------------------------------------------------------------+ //| Custom indicator initialization function | //+------------------------------------------------------------------+ int init() { //---- 2 additional buffers are used for counting. IndicatorBuffers(5); //---- drawing settings SetIndexBuffer(2,ExtMapBuffer1); SetIndexBuffer(1,ExtMapBuffer2); SetIndexBuffer(0,ExtMapBuffer3); SetIndexBuffer(3,sum); SetIndexBuffer(4,wt); SetIndexStyle(2,DRAW_LINE,STYLE_SOLID,2); SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,2); SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,2); //---- initialization done return(0); } int start() { Draw4HowLong = Bars-Rperiod - 5; length = Rperiod; loopbegin = Draw4HowLong - length - 1; for(shift = loopbegin; shift >= 0; shift--) { sum[1] = 0; for(i = length; i >= 1 ; i--) { lengthvar = length + 1; lengthvar /= 3; tmp = 0; tmp = ( i - lengthvar)*Close[length-i+shift]; sum[1]+=tmp; } wt[shift] = sum[1]*6/(length*(length+1)); //========== COLOR CODING =========================================== ExtMapBuffer3[shift] = wt[shift]; //red ExtMapBuffer2[shift] = wt[shift]; //green ExtMapBuffer1[shift] = wt[shift]; //yellow // for(c=loopbegin;c==shift;c++) // { if (wt[shift+1] > wt[shift]) { ExtMapBuffer2[shift+1] = EMPTY_VALUE; // ObjectCreate("smiley_face", OBJ_ARROW, 0, Time[shift], Low[shift]-Point*20); // Print("time= ",Time[shift]); // ObjectSet("smiley_face", OBJPROP_ARROWCODE, 242); // ObjectSet("smiley_face", OBJPROP_COLOR , Red); // ObjectSet("smiley_face", OBJPROP_WIDTH , 1); // ObjectsRedraw(); //ExtMapBuffer3[shift+1] = EMPTY_VALUE; //ExtMapBuffer3[shift+1] = EMPTY_VALUE; } else if (wt[shift+1] < wt[shift]) { ExtMapBuffer1[shift+1] = EMPTY_VALUE; //-1 red/greem tight //ExtMapBuffer3[shift+1] = EMPTY_VALUE; } else { ExtMapBuffer1[shift+1]=CLR_NONE;//EMPTY_VALUE; ExtMapBuffer2[shift+1]=CLR_NONE;//EMPTY_VALUE; } } return(0); } //+------------------------------------------------------------------+

Momentom - Thanks for the info. All in all, I think I will likely trial both IOAMT and JPJ to see which suits me best when I can shake off this day job in Sept and actually give trading my full attention (something I've been working toward for the last 3-4 years...). From your comments, alleyb's comments and some of what I've seen on some other boards, I'm pretty confident that one of these two rooms will help me evolve from 'entries/exits' to actually understanding how the market operates and unfolds. Thanks again for your help. Scott

Alleyb - My hat is off to you. That is exactly the kind of info I was looking for. Thank you for a thoughtful, unvarnished account of your experience in Bill's IOAMT room. Scott

Maildigger - Thanks for the reply. Are you talking about Bill Duryea and IOAMT? If so, I see he has a blurb about an "Introductory MP Course" on the front page (WITHOUT any further description) for $295...Is there more and more to buy, or what? From your time in the room, can you tell me: Was there some structure (ie, coursework, structured studying) available to help you understand what he was yelling in the room? What is the ongoing charge for the room? Is he trying to sell a bunch of other stuff as well (seminars, indicators, software packages, newsletters, etc) Is he making real money, real time, trading a real account in the room? In your opinion, is this gent primarily a trader who is trying to train others to trade OR a vendor trying to sell things to people? Thanks in advance.....Enquiring minds want to know! Scott

Thanks for your input, Momentom. I appreciate it. JPJ is another that I have been looking at and seems to have a good reputation. I'm glad to hear positive things from you about JP. As a matter of fact, the short list I've created for good, MP-type training is this (in no particular order): JPJ Trading Alexander Trading Institute of Acution Market Theory Cisco Futures (Don Jones) I've put this together from comments on this site as well as a few other forums. The reason I asked about IOAMT specifically is that their website is not very informative re: what you get, what you pay, what the expectations are, etc. Also, from looking at JPJ's site, it looks like they tend to try to pick a position early in the day and ride it for some time, with 1 or 2 or 3 trades a day. With my own trading personality, I know that can sometimes make me squirm to keep a trade that long. I'm more a 5 minute kind of guy, and I think that is more along the lines of IOAMT does (so I've heard)....('Course, maybe I NEED TO LEARN to keep a trade longer and stop giving my broker so much! ) If you don't mind, why didn't you stay for more than the trial at JPJ? What's his trading style (how many/day, how long, markets, etc)? Did you find it true that he keeps the same trade on for much of the day? Thanks, Scott

I've been starting to do some reading regarding Market Profile concepts as something to add as the next evolution in my trading methods. I've been lurking here and there and I hear positive things said about The Institute of Auction Market Theory (IOAMT) and Bill Druyea as good, solid training in MP/Volume-based methods. Anyone here have any insight into this service? The website gives almost no info other than the opportunity for a 5 day free trial. My understanding is that he is a successful very short term (1-2 pt ES scalps common) trader. This fits my own style and risk tolerance. I would take the free trial, but can't make proper use of it now, as I have a day job that gets into my way. I will be quitting my day job in Sept and taking my small-ish hard-earned trading account to try to make it as full-time trader. I'm not a newbie but not a pro yet either. Can anyone give me some insight regarding the IOAMT experience? Such as: are there expensive seminars to buy or simply a chatroom fee? Is the education solid and useful? Are there software or indicators to buy? In other words, is he primarily a teacher or a seller of things? What is the structure of Bill's teaching? How much will I be spending for an IOAMT education? Are you happy with your experience there? Are you nicely profitable and consistent (I'm not looking for details or statements!) Any downside? I appreciate any info you can give me about your experience with him and it's impact on you as a trader. I'm not shy about spending for value received, but would like to know about costs upfront and know I am getting what I am after. Thanks in advance.... Scott Johnson