gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
I believe I uploaded this one ages ago in @FF…
G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
It doesn’t matter on which TF you update, since M5 is accumulation of 5 M1.
The result will be the same, rhe only difference will be the rate of data updates.
Pip value depends on the currency pair and you can find that in marketinfo.
That info is only for reference value in order to make all pips translate to comon denominator in the currency total.G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Count the pips change for each currency pair, and add it to that CURRENCYtotal.
Example:
If EURUSD is UP by 5 pips than EURtotal=EURtotal+5 and USDtotal=USDtotal-5.
Repeat the above for all currency pairs.
To view the flow ROC (Rate of Change) – show only the total change from previous total (Adding +/- for relevant direction).
You can al…[Read more]
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Count the pips change for each currency pair, and add it to that CURRENCYtotal.
Example:
If EURUSD is UP by 5 pips than EURtotal=EURtotal+5 and USDtotal=USDtotal-5.
Repeat the above for all currency pairs.
To view the flow ROC (Rate of Change) – show only the total change from previous total (Adding +/- for relevant direction).
G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Count the pips change for each currency pair, and add it to that CURRENCYtotal.
Example:
If EURUSD is UP by 5 pips than EURtotal=EURtotal+5 and USDtotal=USDtotal-5.
Repeat the above for all currency pairs.
To view the flow ROC (Rate of Change) – show only the total change from previous total.
G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Count the pips for each currency pair.
Example:
If EURUSD is UP by 5 pips than EURtotal=+5 and USDtotal=-5.
Repeat the above for all currency pairs.
To view the flow ROC (Rate of Change) – show only the total change from previous.
G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Here is another example:
EURJPY/EURUSD=USDJPY
Real-time Chart EURJPY on EURUSD. EURJPY is inversed according to the above formula.
G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Here is another example:
EURJPY/EURUSD=USDJPY
Chart from current realtime. EURJPY is inversed according to the above formula.
G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Here is another example:
EURJPY/EURUSD=USDJPY
Chart from current realtime, EURJPY is inversed according to the above formula.
G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Here is another example:
EURJPY/EURUSD=USDJPY
Chart from current status, EURJPY is inversed according to the above formula.
G.
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Here is another example:
EURJPY/EURUSD=USDJPY
Chart from current status, EURJPY is inversed according to the above formula.
G.
gg53 started the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
The Forex Plumber
Over the years I developed many Indies & EA’s.
I recently reveiewd the ones that I consistantly use and keep developing.Tool #1:
I went to the Forex market and installed 7 pipes – one to each major currency.
I also put a meter on each pipe to monitor the pips flow amount (and direction +/-) to/from each currency from day…[Read more]gg53 started the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
The Forex Plumber
Over the years I developed many Indies & EA’s.
I recently reveiewd the ones that I consistantly use and keep developing.Tool #1:
I went to the Forex market and installed 7 pipes – one to each major currency.
I also put a meter on each pipe to monitor the pips flow amount (and direction +/-) to/from each currency from day…[Read more]gg53 started the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
The Forex Plumber
Over the years I developed many Indies & EA’s.
I recently reveiewd the ones that I consistantly use and keep developing.Tool #1:
I went to the Forex market and installed 7 pipes – one to each major currency.
I also put a meter on each pipe to monitor the pips flow amount (and direction +/-) to/from each currency from day…[Read more]gg53 started the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
The Forex Plumber
Over the years I developed many Indies & EA’s.
I recently reveiewd the ones that I consistantly use and keep developing.Tool #1:
I went to the Forex market and installed 7 pipes – one to each major currency.
I also put a meter on each pipe to monitor the pips flow amount (and direction +/-) to/from each currency from day…[Read more]gg53 replied to the topic Forex Tri-Arb signals as predictors of price in the forum General Discussions 10 years, 10 months ago
There is a well known fact that this method is used by Banks with direct market access and HFT triangular arbitrage.
BUT… there is a a little known secret that DOES still work for the “little guy”:
Using the triangular arbitrage method on emerging markets currencies and/or between emerging markets currencies and developed markets…[Read more]
gg53 replied to the topic Nature of Markets – Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion 10 years, 10 months ago
“…It is a very well proven and accepted principle of trading that volume confirms a trend.
There are many ways to define a move, such as a change in momentum, expansion of the range, the divergence of two moving averages, the RSI crossing through the 50% level, or even standard deviations.
However, let us take the simplest definition of a…[Read more]
gg53 replied to the topic Nature of Markets – Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion 10 years, 10 months ago
“…It is a very well proven and accepted principle of trading that volume confirms a trend.
There are many ways to define a move, such as a change in momentum, expansion of the range, the divergence of two moving averages, the RSI crossing through the 50% level, or even standard deviations.
However, let us take the simplest definition of a…[Read more]
gg53 replied to the topic Nature of Markets – Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion 10 years, 10 months ago
“…It is a very well proven and accepted principle of trading that volume confirms a trend.
There are many ways to define a move, such as a change in momentum, expansion of the range, the divergence of two moving averages, the RSI crossing through the 50% level, or even standard deviations.
However, let us take the simplest definition of a…[Read more]
gg53 replied to the topic Forex Tri-Arb signals as predictors of price in the forum General Discussions 10 years, 10 months ago
Parts of this technique/method are used in the ForexGT_Arrow fractal “prediction”, if you remember the discussions about EURUSD/GBPUSD=EURGBP and the implications and variations on it…
G.
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