The ideas that I trade by:

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TheRumpledOne
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Re: Re:

Postby TheRumpledOne » Tue Aug 30, 2016 10:34 pm

MightyOne wrote:
courier12 wrote:...

" If price leaves the midpoint behind then you can use HOLO or a daily open.."

Are you refering to HOLO on any intraday timeframe of ur choice? or did u mean something else?
Also, if price leaves the midpoint behind, woudn't it also leave todays active daily open behind? In your chart for example, price is already way below daily open....or were u refering to a weekly open / monthly open / an earlier day open from a while back? Thank you


What I had in mind was that if price starts trading below the highest H1 open that you can elect to trade against the bias.

I use daily opens for the monthly bias.

USDJPYH1.png


So when price is above the current monthly midpoint and below the current daily open, you go long when price reaches the current daily open?
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MightyOne
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Re: Re:

Postby MightyOne » Wed Aug 31, 2016 2:48 am

TheRumpledOne wrote:
So when price is above the current monthly midpoint and below the current daily open, you go long when price reaches the current daily open?


A trade is made when a line is defined as THE trigger and price touches the trigger.

If the bias is up then any line that is at or above the bias line can be defined as THE trigger.

If price is below the daily open then you CAN short; until then you are only looking at long trades.

The entries vary...
we'll get to the least important part later. :lol:

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Re: The ideas that I trade by:

Postby Sacrophage » Wed Aug 31, 2016 4:02 am

^^Yes! Entry is the least important part of the trade when going for lines aka moves of relative significance. Entry is also completely arbitrary when looking at game theory/infinite series strategies. Entry is very important, however, for single predictive trades where spread is a large % of TP or SL, or R:R is very small.

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Re: Re:

Postby courier12 » Wed Aug 31, 2016 4:07 am

MightyOne wrote:
courier12 wrote:...

" If price leaves the midpoint behind then you can use HOLO or a daily open.."

Are you refering to HOLO on any intraday timeframe of ur choice? or did u mean something else?
Also, if price leaves the midpoint behind, woudn't it also leave todays active daily open behind? In your chart for example, price is already way below daily open....or were u refering to a weekly open / monthly open / an earlier day open from a while back? Thank you


What I had in mind was that if price starts trading below the highest H1 open that you can elect to trade against the bias.

I use daily opens for the monthly bias.

USDJPYH1.png


Thank you Mighty One, I was assuming you were looking at Daily and H1 charts and not the Weekly / Monthly charts. My bad.
And in the chart I think, this is the prior month's midpoint and not the current month's developing midpoint?

Thank you

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Re: The ideas that I trade by:

Postby MightyOne » Wed Aug 31, 2016 5:40 am

I am sure that there is a shorter version :)

EDIT: the only problem that I am having right now is that the chart doesn't update unless I change periods.
I will probably wrap this code in an "extern bool AUTO_MIDPOINT = false;" for now.
EDIT2: & I need to find a better formula for outside bars...

Code: Select all

   
   If(AUTO_MIDPOINT){
   //outside bars
   if(high > phigh && low < plow){
   if(close > open){Mid = (high + open)/2;}else
   if(close < open){Mid = (low + open)/2;}}else
   //no breakout
   if(high < phigh && low > plow){Mid = (high + low)/2;}else
   //breakout one way or the other
   if((high > phigh && low >= plow) || (low < plow && high <= phigh)){
   //no deep retracement
   if((high > phigh && low > pmidpoint) || (low < plow && high < pmidpoint)){
   Mid = (high + low)/2;}else
   //deep retracements
   if(high > phigh && low < (pmidpoint + plow)/2 && close <= (pmidpoint + phigh)/2){
   Mid = (pmidpoint + low)/2;}else
   if(low < plow && high >(pmidpoint + phigh)/2 && close >= (midpoint + plow)/2){
   Mid = (pmidpoint + high)/2;}else
   if(low < pmidpoint || high > pmidpoint){
   if(high > phigh){ Mid = (pmidpoint + high)/2;}else
   if(low < plow){ Mid = (pmidpoint + low)/2;}}}}else
   {Mid = (high + low)/2;}
   

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MightyOne
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Re: Re:

Postby MightyOne » Wed Aug 31, 2016 6:02 am

courier12 wrote:And in the chart I think, this is the prior month's midpoint and not the current month's developing midpoint?

Thank you


I think that I had the weekly midpoint on that chart #-o

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Re: The ideas that I trade by:

Postby salezyakuku » Wed Aug 31, 2016 8:58 am

MightyOne wrote:EDIT: the only problem that I am having right now is that the chart doesn't update unless I change periods.
I will probably wrap this code in an "extern bool AUTO_MIDPOINT = false;" for now.

Deleted some prev. answers. 8)

Code: Select all

    if (PriceEntry == 0) {
   if( Price_Choices == 1) PriceEntry = iOpen(0,timeframe_const,Price_Shift);
   if( Price_Choices == 2) PriceEntry = iClose(0,timeframe_const,Price_Shift);
   if( Price_Choices == 3) PriceEntry = iHigh(0,timeframe_const,1);
   if( Price_Choices == 4) PriceEntry = iLow(0,timeframe_const,1);
   if( Price_Choices == 5) PriceEntry = Mid;
   //if( Price_Choices == 6) PriceEntry = MidBody;
   }


This part of code make problem with auto update. After first run PriceEntry is != 0.
Last edited by salezyakuku on Wed Aug 31, 2016 9:31 pm, edited 1 time in total.
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Wed Aug 31, 2016 6:58 pm

Fixed:
Attachments
EIGHTS%25MONEY_MOD%25_10.mq4
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Sacrophage
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Re: The ideas that I trade by:

Postby Sacrophage » Wed Aug 31, 2016 10:28 pm

The risk space defines the min/max entry, which is in turn given by recent volatility (line size). The SL is much more important than the entry. We need an SL to lean on, calculable bias, and some momentum trigger. Or, for a liquidity providing strategy, a pullback after the momentum trigger. If we are able to get in inside our risk space, i.e. less than calculated noise, while fulfilling the req's of SL, bias, momo, then the entry itself has edge.

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MightyOne
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Postby MightyOne » Thu Sep 01, 2016 5:20 am

When in doubt, box it out :lol:

USDJPYM5.png
USDJPYM5.png (61.29 KiB) Viewed 308 times

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