PYenner

Yes sundowner It has a lot of potential but that one major limitation. Walters inspiration with the Horizontal effect is I believe all about just that problem and his use of 5min charts seems to help eliminate the less certain entries. But less sensible people like me tend to want to trade anything that moves, impatient. Quality entries are what it is all about. Can I confess to being a bit phobic about heiken? It confused the heck out of me the first time I tried to make some sense of it. It was sad to see the thread on Randy fizzle out. Maybe I am not the only one that finds heiken tough to penetrate :crap: I don't know what will come out of this project yet. But there sure is potential. Cheers

Yep and that was the whole nestegg, the family savings, all in one leveraged fx account like it was a bank account or something.

Thank you sundowner My view of what goes on inside our version keeps shifting. The ADX approach we use has a problem with the horizontals lasting too long or even happening when they shouldn't. I first thought the ADX worked in terms of prices, swings, but it now looks like one important part is effectively looking for long candles. Long candles do go with laddering, but to have the length of the last longest laddering candle controlling how long the horizonal lasts is a bit single minded. Trying to find a more logical approach, get more control. Also didn't know MT4 lets you control the candles, that might fix our problem with the fantail covering up the candles maybe. Thank you

That lady and the other 2.5B were trading forex. So my guess is that any futures losses would be on top of that...? Long overnight without a stoploss, so the equity limit was the stop loss for that lady, 1% left. Probably overtrading too. Hard lesson in trusting the market.

Thank you sundowner (there was a movie by that name many many years ago) Your post is welcome and appreciated, ideal stuff. Yes I have hopes of building in visual aids too, so it is timely. As for being thick, yes been there, now doing it in public, <sigh>... It has been quite a challenge and there have been many mistakes. Much confusion. But slowly we get there, with a little help from our friends, as the song goes. Regards to you Sundowner.

#====the $2.5 billion that Japanese individuals lost last month=====# Phew, thats a lot of hurt.

Good to have you back Doc. Thank you Torero and Soultrader.

Good to hear it Torero. MB will be my next NDD to check, they seem have a good rep. Maybe one shark in the pool doesn't mean they are all sharks. Thanks for that.

In Forex, there is some enthusiasm about emerging NND (Non Dealing Desk) providers. These offer the prospect of escaping the conflict of interest that market makers have in profitting from their customers losses. Got a demo account with an NDD, next step down the road maybe... Well, the liquidity is low, particularly when you need to close. But the hidden thing that you find in time, is that the prices lag badly on sharp movements. The liquidity provider acting as an intermediary has a conflict of interest, avoids the riskier prices. The effect can be the same as trading with a huge pip margin. Sometimes that may work for you, sometimes against. Its just the reality that bites, you can't seem to get away from intermediaries with a concealed conflict of interest. Also tried a Swiss market maker out of curiosity, found Swiss feed has stop loss spikes that US feed doesn't have and their timing seemed amateur. Have heard others saying their provider goes stop hunting but untill now I have been inclined to believe it was just the market doing its thing. Always shifting sand...

Bush looks more worried these days, than he did on 9/11. So maybe reality is slowly sinking in. So many lives, then and since.

Involve me and I learn. Yep, nothing short of full immersion. Cheque book won't buy it.

Walter Yeah, scalpetic. Think it will need another line, bit more slow and steady, so the trader can better judge the market. Maybe do an addon indicator that shows a line joining Close prices. Or maybe Hi Lo Close, 3 lines to show volatility coz the fantail covers up the candles in MT4. These lines would be on top of the fantail where you can see them. But could get cluttered up on screen...

Minister for beach chairs, umbrellas and light refreshments? Secretary for golf? Umm, other things are catching up on me. Gunna cost me a few days. Vma4 might be next week. Think I have got to the end of chasing turbo now, far enough anyway. It is like we now have a starting position to go on from. If that makes sense. Maybe not so much rush for the next stuff.

Hi Shreem I think Blu-Ray will be doing a version for another platform. But I have not kept up with who is doing what. Ensign did get mentioned somewhere as being similar to another platform in common use, so there is hope for an Ensign version. Walter A quick pic of faster vma4 line in red, versus vma3 in yellow.

Maybe that was just another passing thought Walter. HE sometimes seems so easy, its like you don't need much else. Been heavily into vma4, so not much thoughts of anything else. Gee the fantails look good on screen. Markets a bit mobile, some nice trading maybe. But for now, just vma4 in my head, enjoying it too. Hope it goes well with you.

Clym In post 23 on Walters Trend Trades I gave you an MT4 version of Bemac's VT code. It turns out to perform poorly on spikes compared to simpler input logic used by Igorad, so recommend you make life simpler as follows. if(Close[i-1]>High)TH=Close[i-1]; else TH=High; if(Close[i-1]<Low) TL=Close[i-1]; else TL=Low; TR=TH-TL;//2 bar unnormalized price difference if(High>High[i-1] && Low>=Low[i-1]) PDM=High-High[i-1];//2 bar unnormalized price difference, >=0. else PDM=0; if(Low<Low[i-1] && High<=High[i-1]) MDM=Low[i-1]-Low;//2 bar unnormalized price difference, >=0. else MDM=0;

Yes same problem for me. Plus VMA4 will make what difference??? dunno yet. London open was kinda slow so I doubt if you missed much. Get a good zzz.

If you compare p/l per pip on trades in the same pair on different weeks, you will probably find it paid or cost different $/pip on different weeks. It is not a fixed $/pip, it varies constantly with exchange rates.

Hi Nishant $1133 is too small to be trading a whole lot, even a half lot would be stressful. Opening a 1 lot position would take out $1000, leaving $133, but your pip margin would normally take another $10 per pip, depends on the pair, but there is only 13 pips = $130 (typically) to cover pip margin plus drawdown before you get a margin call. If you trade half lots, entry costs you $500 plus $5 typically per pip of pip margin, say $10 in EURUSD for example, you then have $490 or about 49 pips of drawdown before you get a margin call. But you may need to read your suppliers rules to find out what call limits they apply. If your supplier uses a 25% margin limit that might be nearly $300 on a $1200 balance and you probably are "allowed" to spend only $900 when opening a trade. So a 1 lot trade might get "insufficient funds" but a 1/2 lot might work. Any balance below $2500 makes for stressful trading even using just half lots for me. It has been said that nobody has been known to successfully trade a 200:1 account long term, but maybe that is just talk, I don't know. I believe it would be frustratingly slow to trade with and the temptation to overtrade would crash the account for most people. It is said that the average trade lasts 1 to 4 hours and to spend 2-8 hours working for like $20, maybe, is maddening. Leverage is very much a two edged sword, you need some leverage yet it is also the thing that kills most peoples balances I suspect. I am uncomfortable trading 1 lot on a $5k balance, I have become aware that it is tighter to trade with than it seems. You don't have to get far below $5k before drawdown frightens you and then you start becoming too nervous to leave a trade running. Close out on $20 plus or minus and find the pip margin eats your equity away when you trade like that. Leverage can be a stress mine field.

Walter I had also been on something of an epiphany before my indicator turned reality upside down on me. I did not get time to even demo trade the old version much. I knew its "insides" were in poor shape, so my effort went into that. Using the older version, to me it is like driving Fred Flintstones car, you know, no engine, you gotta push it with your feet. I know that using a different setup from you just confuses things for you and everyone else, but it is the only realistic way for me to analyse VMA3. For example, when I use #3 on both charts I can expect them to behave much the same way. Often the HEs happen together, which is reassuring. But sometimes I see 1min HE or nearly and 5min laddering and still moving with a trend that the fast 1min VMA can't "see". Now that was unexpected, the fast VMA was expected to always lead, but here we have the slow one leading. So is there an entry/exit rule for this case? In the case I just saw there was a 15 pip reversal so it was a sign to scalp out maybe. Need to see more cases. Would it be better to have just two 1min charts but with one zoomed out to look like a 5 min chart and use a slower VMA for that one? It might make my job much easier if both VMAs used the same bar data, I dunno yet. But if I use #1 and #3 I am comparing apples with pears, there are lots of reasons for the two charts contradicting each other so I learn nothing. So all I need from 5min is the bigger picture and a general idea of trend strength, I dont need the more standard test of trend that you need. But to me research has to go in a slightly different direction from the present. Please talk about this if I am taking things off track. #======== "encapsulating noise of an erratic pause into an horizontal line... can you believe that ? such a stupid thing... but how powerfull it is..." That is it, it is "stupid" yet it is a genuinely useful tool, seems a bit impossible. But then you don't complain because a hammer is stupid, its a good tool for the right job. Strange.

Walter Apologies for yesterdays posts, it would be best to ignore them. The mischief mode referred to in the above post has continued with similarities and differences in later countertrend moves. I would describe that period as weak trend and high volatility for the amount of trend. To me it seems best suited to either fast scalping or a long slow single trade relying on the weak trend, but only if you have reason to feel you can trust a weak trend. I would be inclined to trend scalp or stay out. That is, sell the rise and close fast on the dip, forget the long scalps. Not good RRR. One reason I have the "volume" indicator on my charts, is that sometimes these swings get smaller and smaller and the price may slowly move against the old trend. It works as a trap for a trend scalper. Two signs of this trap are swings getting smaller and volume dying away.

Walter More than a month ago I did an improvement on my own indicator system. By coincidence, about a month ago the market suddenly got a whole lot more devious and my stress level went nuts. Well last night thanks to VMA I finally woke up. Yep left a line of old code in the "improvement" that should have been deleted. So maybe that nightmare is finally over and I can start being more help with interpreting VMA performance. Right now I saw the market going into what I call "mischief mode", it alternates fake moves with real moves and keep you totally uncertain about which trend will emerge. Now when I see mischief mode, the rule is don't enter, don't trust anything until there is more obvious trend and if you are in this market wishing you were out then you have to follow your rules for drawdown and stoploss because you are going to get no signals you can rely on until things start moving properly. You may know the right word for what I call mischief, here is what it looks like. The good news is that 5min VMA3 was HE at the time, if that usually happens then it will be a good guide for "wait for action".

This is annoying me at the moment. The way 80% of the fantail is showing an uptrend for 80mins while the price actually goes nowhere. Its like it is telling a lie. You have to trade with these things before you find what works for you or against you.

My idea is to have a turbo ( 1 line) tighter than the yellow baseline added in the chart so we can see this "micropullbacks" while the vma3 yellow line keeps laddering on... So my idea is this: have plotted all the fantailvma3 template + this more tight line showing this price action... #--------- It had been my intention to do something like that. I see the use for it. I think something might be done. The idea had been to have both Fantail1 and 3 on together. But what we seem to need is 3 and something faster still. It will mean having 1min chart zoomed right in, it is easy to lose sight of the trend and end up trying to trade a flat market that way. OK good idea.

Yep some egg going around. GBPJPY has some hard and fast drawdown tests when you chase bank money. Kinda tells you when you arent wanted along for the ride. Very devious. AUDUSD is a good choice, low spread, active, not too active. Found out why you say to ignore 5 min chart once the trade is running. Very confusing to find 1min in HE but 5 min laddering. Not sure how much of that comes from the arbitrary way ticks are allocated to bars and to the arbitrary timing of which 1min bar gets to be the first into a 5 min bar. That was part of why I would like to run 5min curves from inside the 1 min chart, so both sets of curves run off 1 min bars.