Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

walterw

Playing with the VMAR`s open research

Recommended Posts

:question:

My question would be kind off topic but I am a new user of this platform /MT4/ and would love to participate in research.

Is this software has no features as a very basic and necessary for me like global cursor to truck a price across multiple timeframes/charts and tick charts or it’s just my inexperienced first impression?

 

unfortunately it still doesnt have that feature... you only have crosshairs on each individual chart and you have to manually find the matches between charts... it will be great to have this function added... I really dont know if it is asked for the next version... should I check that... cheers Walter.

Share this post


Link to post
Share on other sites

Z trade

You can write your own indicator to display prices from one pair onto another chart or say show a 5min bollinger on a 1 min chart. But the catch is that you have to have both charts open in order to access the market feed for the other chart. So you can end up with 10 charts for each of 3 time frames = 30 charts = slow platform.

 

The programmable indicators are their edge for flexibility and there are forums were that stuff gets shared. But yes MT4 has limitations. You cant run indicators in the tick chart, 1min is fastest chart, when one chart is getting data from a chart for another pair the data only comes through when the other pair has a tick, then it has to wait for a tick on the main chart before it gets processed and displayed, so there can be time delays being a pest.

It really depends on what you want to do, maybe MT4 will be good, maybe bad and you find out the hard way by wasting time.

 

MT4 will also send the market feed to Excel, so there you might be less restricted by the limitations of any proprietory platform. Do your own thing maybe.

 

MT4 is the only one I have used so I am short of things to compare it to.

Sometimes it is frustrating.

Share this post


Link to post
Share on other sites

Walter and PYenner

thanks a lot for detailed explanation and review of MT4, I ve spent some time using it but think its better for me to replicate the indicator for eSignal or Tradestation and stick with what I already know and prefer to use.

Once again, greatly appreciate your contribution.

Share this post


Link to post
Share on other sites

FantailVMA2 is a pup.

#--------------#

Got it wrong again...so the files have been removed.

The fantail defaults to Close price at the live end of a chart.

This is the iMAOnArray function being dis-functional.

Had no live charts to test it on over the weekend.

Sorry to the 12 who DL'd a pup.

Will get VMA3 out asap.<sigh>

Share this post


Link to post
Share on other sites
FantailVMA2 is a pup.

#--------------#

Got it wrong again...so the files have been removed.

The fantail defaults to Close price at the live end of a chart.

This is the iMAOnArray function being dis-functional.

Had no live charts to test it on over the weekend.

Sorry to the 12 who DL'd a pup.

Will get VMA3 out asap.<sigh>

 

No problem Bruce... but the lines will be exactly the same ? as they rock ¡¡

 

look how we start the week O my Lord...

 

attachment.php?attachmentid=2892&stc=1&d=1189996040

 

I sense this week will be one of those non sleeping weeks jejeje.... should I ask Janice about this... cheers Walter.

5aa70e02488af_picturesque2.thumb.png.48acafd33bcfbbb58b73d4dd4d407396.png

Share this post


Link to post
Share on other sites
Walter and PYenner

thanks a lot for detailed explanation and review of MT4, I ve spent some time using it but think its better for me to replicate the indicator for eSignal or Tradestation and stick with what I already know and prefer to use.

Once again, greatly appreciate your contribution.

 

Z_Trade

 

I've already coded it up for TS and posted it here:

 

http://www.traderslaboratory.com/forums/24/walter-s-forex-trend-trades-2364-6.html

 

Hope this helps

 

Blu-Ray

Share this post


Link to post
Share on other sites

So my first experiment with the Pyenners fantailvma3...

 

There are lots of combinations to be played arround, so please dont take me to seriously at this point as I am playing arround... pure open research...

 

in this first case it will be the fantailvma3 rainbow template + another fantailvma3 base line (red) with inputs 2-4-1-1...

 

Chart looks like this :

 

attachment.php?attachmentid=2899&stc=1&d=1190031140

 

notice the relationship between the yellow and red... turbo type relationship as yellow leading the red... crossover here was a possible timing entry...

 

thats a very first alternative... all interactions will be very welcome ¡¡ please tell me your opinions.... cheers Walter.

5aa70e02692fe_timing1.thumb.png.5256fb09ce8fdaa41cde09c9640c69a5.png

timing 1.swf

Share this post


Link to post
Share on other sites

Here I post a second combination... in this case I have the fantailvma3 template + a fantailvma1 base line (black)... this gives a nice clean relationship between the yellow and the black lines (maybe not so leading) but quite nice relation... unfortunately on todays case we had a whipsaw on this combination...

 

attachment.php?attachmentid=2901&stc=1&d=1190033364

5aa70e0275aef_timing2.thumb.png.bc4c3a44bc6ea2b7cdc854df4822f953.png

Share this post


Link to post
Share on other sites
yellow leading the red... crossover here was a possible timing entry...

please tell me your opinions.... cheers Walter.

Yes it would be nice to find something like that and the only way to find it is to spend time trying things out. Got a feeling that some more vma lines in there near the price might be more useful than the yellow ema lines currently are.

 

Gee the fantails look nice when you get a bunch of them up on the screen.

Share this post


Link to post
Share on other sites

Third combination... more classic one... the fantailvma3 template alone... yelow line with darkgreen line... this could also suggest a scalping option of vmar icons on 1 min as well...

 

attachment.php?attachmentid=2902&stc=1&d=1190034235

 

these is a quite nice leading combination... cheers Walter.

5aa70e027abd5_timing3.thumb.png.a9ff452abb225a57d781f10e2ff006b9.png

Share this post


Link to post
Share on other sites
Yes it would be nice to find something like that and the only way to find it is to spend time trying things out. Got a feeling that some more vma lines in there near the price might be more useful than the yellow ema lines currently are.

 

Gee the fantails look nice when you get a bunch of them up on the screen.

 

yeap.... charts are welcome ¡¡ lets get waco...

Share this post


Link to post
Share on other sites

Some counter exhaustion future aplications...

 

with fantailvma3 template + fantailvma3 base line (red) inputs 64-8-1-1

 

attachment.php?attachmentid=2903&stc=1&d=1190035040

 

attachment.php?attachmentid=2904&stc=1&d=1190035040

 

the title of this thread is "playing with the vma`s" so I am entitled to do all this here... jejejje cheers Walter.

5aa70e027f124_counter1.thumb.png.2b7544f144e078f8580852dc2c5e00f6.png

5aa70e028365d_counter2.thumb.png.30f526dfa82c417bcdf673dfc4628f81.png

Share this post


Link to post
Share on other sites

This two continuation icons that just happened...

 

timing with fantailvma3 template and yellow dark green relationship...

 

attachment.php?attachmentid=2906&stc=1&d=1190035960

 

this one was leading... let me compare to old basic timing :

 

attachment.php?attachmentid=2907&stc=1&d=1190036139

 

you can notice the contrasted lag... quite a contrast ¡¡ cheers Walter.

5aa70e02922ff_conticonentries.thumb.png.832b1967b8602eecab4fa5a3759a42e9.png

5aa70e029c054_oldtiming.thumb.png.3401d127d071e69024b4e96e9133711d.png

Share this post


Link to post
Share on other sites

For example... if we wanted to use a counter method on an evident exhaustion scenario... look how the fantailvma3 template gives a nice competitive timing...

 

attachment.php?attachmentid=2914&stc=1&d=1190054919

 

all ideas... cheers Walter.

5aa70e02c2d5e_endofthemove.thumb.png.989b788d59f85b673d5772d5d9184da5.png

Share this post


Link to post
Share on other sites
Here I post a second combination... in this case I have the fantailvma3 template + a fantailvma1 base line (black)... this gives a nice clean relationship between the yellow and the black lines (maybe not so leading) but quite nice relation... unfortunately on todays case we had a whipsaw on this combination...

I like the way yellow leads black, gives a good trend confirmation, yellow below black=fall, yellow above black=rise, so when yellow meets black time to close or reverse?? But the whipsaw thing, how do you know beforehand that a short is going to lack momentum and go nowhere? Now it would be nice to have some indication of which trades will not be so good. Was trying to demo trade this messy stuff and getting mixed results because it is mixed up stuff in that whipsaw area.

 

By the way I put internal limiting in VMA3 so if you put in 64-10 all you get is the maximum 8-8, maybe I was too conservative using 8-8 but that looked like being enough to get HEs about as long as VMA1.

 

The last two settings numbers are used by the template file to send ema numbers for each of the fantail lines. So when you are running VMA3 without a template, using x-y-2-1 will give you the position of the second line in the fantail, x-y-4-1 gives the third line, the dark green line is like x-y-26-1 I think and x-y-100-1 should be the end of the rainbow, magenta line.

Share this post


Link to post
Share on other sites

Gee just realized it may be easy to add in secondary VMA lines, slower ones, just by putting them in the template file, hell that would be so much easier than having to do extra coding for them, Duhhh.

Share this post


Link to post
Share on other sites
I like the way yellow leads black, gives a good trend confirmation, yellow below black=fall, yellow above black=rise, so when yellow meets black time to close or reverse?? But the whipsaw thing, how do you know beforehand that a short is going to lack momentum and go nowhere? Now it would be nice to have some indication of which trades will not be so good. Was trying to demo trade this messy stuff and getting mixed results because it is mixed up stuff in that whipsaw area.

 

By the way I put internal limiting in VMA3 so if you put in 64-10 all you get is the maximum 8-8, maybe I was too conservative using 8-8 but that looked like being enough to get HEs about as long as VMA1.

 

The last two settings numbers are used by the template file to send ema numbers for each of the fantail lines. So when you are running VMA3 without a template, using x-y-2-1 will give you the position of the second line in the fantail, x-y-4-1 gives the third line, the dark green line is like x-y-26-1 I think and x-y-100-1 should be the end of the rainbow, magenta line.

 

Nice Explanation there Bruce about those inputs, that means we can get to plot lets say 200 (long away rainbow signal)...

 

when looking at this small charts with this small tools you can loose focus... thats why you MUST have a setup (whatever) decided from a higher time frame (ej 5 min) otherwise the 1 min will be tricky... now can you scalp from the 1 min ? YES you can... but you need a very solid definition of trend... its very recomendable having very long shot lines on the 1 min if scalping is in the proyect...

 

Now that you explained this parameters, look at the red line... it is 200... gives a more clear trend panorama for a 1 min scalper... cheers Walter.

5aa70e02c99cb_longline200.thumb.gif.505152a2363a8623f46104ed75b627a2.gif

Share this post


Link to post
Share on other sites

Nice one Walter.

 

Currently the 100 ema line needs 100 bars of chart history and 200 would need 200 bars which uses a lot more resources than are justified. May be able to get similar results from a less resource-hungry approach.

If you think the 200 line would be useful to have, let me know.

 

And yes, I was experimenting at using just the 1min for scalping at times when the 5min says to stay out. Thats me learning things the hard way over and over, bone headed. Sometimes there is a good strong go signal from the yellow line at the start of a ladder but it still may not mean much if the 5min has no trend.

 

Also I think the ADX front end can do a slighly better job at finding the trend but still got bugs to fix in that program. So there are possible VMA4, 5 and 6 in the works already, just don't know yet how much difference they might make.

Share this post


Link to post
Share on other sites

About trend... that was an example IF you wanted just to look at the 1 min chart... I still would recomend looking at the 5 min for trend... its more easy and will not confuse you by no means... not with vmars...

 

more versions ahahahah.... you make my mouth water jejejej... cheers Walter.

Share this post


Link to post
Share on other sites
1 hr chart showing 3 weeks view.

Look at the stretch you get on some days.

Nice days to ride a return back towards the magenta line.

 

for some reason I got a miniature chart here... can you upload it again ? thanks

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 31st March 2020. Dead cat Bounce!Dead cat Bounce! A new term? Not really but definitely something that we haven’t seen for more than a generation.In general, investors throughout the years invented this term as a follow up to a market free fall. By definition, the “Dead cat Bounce” is simply a market phenomenon that translates into temporary small and short-lived rebounds of an asset’s price within a prolonged period of downside. This term is based on the idiom that “even a dead cat will bounce if it falls far enough and fast enough“. Hence in the financial market it is said that even if an asset falls with a considerable speed, it would rebound as even a dead cat would bounce. However, every time there is a rebound, the overall initial trend is then anticipated to resume, bringing the bearish influence back into play.In addition, the phenomenon can occur in any market, yet is particularly prevalent in equity markets. It is often the case that it is considered a continuation pattern.Why are we raising this topic now? This March, was the first time after Black Monday 1987 that we have seen the worst intraday selloffs in stock markets. Since February 20th, the stock market entered an aggressive bear market with a few days of an absolute rally. An example was the 13th of March in which the stock market roared back in the biggest one-day rally since 2008 after its worst single-day crash in 33 years just a day before. This is the classic dead cat bounce.If you closely observe stock market behaviour in March you will notice that there is a dramatic decline, with a number of days when the market reversed some of its losses, but failed to take the bait, and eventually fell back down again. This is a situation of portfolio managers wanting to sell some of their positions and when they see some strength in the market, decided to unload. This is what we call a “dead cat bounce” after it falls from high enough. Remember however that not every correction/reversal can be interpreted as a dead cat bounce.Theoretically this term is defined as the term in which,   A stock in a severe steep decline has a sharp bounce off the lows. A small upward price movement in a bear market after which the market continues to fall. Unfortunately, I need to highlight that there is not an easy way to determine in advance whether an upwards movement is a dead cat bounce which will eventually reverse quickly or whether it is a trend reversal. There is nothing easy in identifying the bottom of the market. However to a large extent a dead cat bounce is a retracement, in comparison to a reversal, i.e. it is temporary.Dead cat bounce as a technical analysis tool and more precisely as a continuation pattern could be tradable from short-term or medium term traders. Having explained this phenomenon, a follow-up article will elaborate on how market participants can trade a dead cat bounce.Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 30th March 2020. MACRO EVENTS & NEWS OF 30th March 2020.All major countries across the world are effectively locked down now as virus developments remain in focus, with ever bigger aid packages. The data this week especially from the US were highly infected by the pandemic. Hence, as disruptions from COVID-19 have begun to catch up to the soft data measures, the impact will likely be greater in the late-month measures of sentiment. Recession fears could be further escalated if we see any effect in the March US jobs.Monday – 30 March 2020 Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP preliminary inflation for March is anticipated to decline at 1.4% y/y from 1.7% y/y. Pending Home Sales (USD, GMT 14:00) – Pending home sales rebounded in January to 5.2% m/m, however, for February we could see a big -0.3% pull-back. Tuesday – 31 March 2020 Manufacturing PMI (CNY, GMT 01:00) – The NBS Manufacturing PMI is expected to massively decline to 4.4 in March from 35.7, as a subsequence of the shut down after the lunar new year holiday. Gross Domestic Product (GBP, GMT 06:00) – GDP is the economy’s most important figure. Q4’s GDP is expected to be unchanged at 0% q/q and 1.1% y/y. Unemployment data (EUR, GMT 07:55) – The German unemployment rate in March is expected to have increased to 5.1% from 5.0%, while unemployment change is expected to have peaked to 30K from February’s drop to -10K. Consumer Price Index (EUR, GMT 09:00) –HCPI inflation dropped back to 1.2% y/y in February from 1.4% y/y in the previous month, while core inflation actually moved up to 1.2% y/y from 1.1% y/y in January. This month’s core is expected unchanged, while HICP is anticipated lower at 0.8% y/y/. Gross Domestic Product (CAD, GMT 12:30) – Canada GDP results for January are seen to be slowing down, at a monthly rate of 0.2% compared to 0.3% last month. CB Consumer Confidence (USD, GMT 14:00) – The Conference Board Index is expected to have decreased to 121.0, compared to 130.7 in the previous month. Wednesday – 01 April 2020   Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to spike to 46.5 from 40.3 in February. ADP Non-Farm Employment Change (USD, GMT 12:15) – The ADP Employment survey is seen at 216k for March compared to the 183K in February. ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to fall to 43.0 in March from 50.1 in February, compared to a 14-year high of 60.8 in August of 2018. EIA Crude Oil Stocks Change (USOIL, GMT 14:30) Thursday – 02 April 2020   Trade balance (USD, GMT 12:30) – The US trade deficit narrowed -6.7% to -$45.3 bln in January following the 11.0% December jump to -$48.6 bln. February’s one is expected to widen further. Friday – 03 April 2020   Retail Sales (AUD, GMT 00:30) – February’s Retail sales could be improved by 0.4%, following a 0.3% January loss. Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) – A -100k March nonfarm payroll drop is anticipated, following 273k increases in both February and January. This is based on assumptions such as the -20k factory jobs drop in March, and a 47k boost from assumed Census hiring as this temporary job count starts to climb more rapidly. The jobless rate should rise to 3.8% from 3.5%, as COVID-19 disruptions start to take their toll. ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to fall to 49.0 from 57.3 in February, versus a recent low of 53.5 in September of 2019 and a 13-year high of 61.2 in September of 2018. The “soft data” measures are finally starting to show a hit from coronavirus disruptions and the emerging OPEC price war, and these hits should be bigger for the late-March reports than the early-March reports. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Corona virus is every where, lets hope it passes on and everyone should soon resume to daily routine life. So far the trading is ok since it can be done while sitting at home, what about others remarks do share here..!
    • there is not time line to success, some would take months, others years, at most its a constant continues process of struggle, I have been trading a hotforex account for 8 years now, and i dont think im close to what people call successful, but im happy with what little i make.  
    • forex trading is no joke, its  amoney hole for those who dont know what they are doing. its like a "now u see me now u dont" with money, it takes time to understand and study, it takes years to come up with a working strategy, and tons and tons of patience. some people are better off treating it as a hobbie or a past time really. though ive been in it for a decade now.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.