gg53 replied to the topic Nature of Markets – Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion 10 years, 9 months ago
Here are the results on live account of last ~2 days. Without Lots compounding.
Logic is based on ForexGT_Spaghetti (Currency strength) and ForexGT_TickVolume indies.
Only one open trade per currency pair, fixed 3 pips trailing stop, 24/5 hrs trading.
Currently running backtest for one year. Although not indicative, it will show problematic…[Read more]
gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 9 months ago
I’m not sure that I understood you, but I’m limiting the display to the last xxx bars. In my case the overlay is limited to last 300 bars.
I have no problem of displaying 4 different overlays on a single chart.
This is usually done to catch and pinpoint single currency movement.
G.
Saver0 replied to the topic Nature of Markets – Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion 10 years, 9 months ago
Excellent work nev!
Awesome trading there but I see you have been over trading
If you are able to make clear and good decisions every time then that’s great. There are literally at least 30-100 trades per day in EURUSD when trading on the tick chart. We can take comfort in knowing that all we need is 3-4 really good ones! This means avoid…[Read more]gg53 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 9 months ago
By scaling:
“symbol_name” is the overlay currency pair.
double max_scale=iClose(symbol_name,0,1);
double min_scale=iClose(symbol_name,0,1);
double max_scale2=Close[1];
double min_scale2=Close[1];
while(k>=0)
{if (max_scale<iClose(symbol_name,0,k)) max_scale=iClose(symbol_name,0,k);
if (min_scale>iClose(symbol_name,0,k))…[Read more]Saver0 replied to the topic Transient & Recurrent Zones in the forum Trading Systems Discussion 10 years, 10 months ago
Let me try to clarify for you @Edington
There are 3 types of zones
1) (PZ) Potential Zone (that can be either RZ or TZ)
2) (RZ) Recurrent Zone
3) (TZ) Transient ZoneWhat you are betting on is a zone becoming recurrent. Almost all indicators that were made for this method only shows TZ (the failed zone, the one that failed to become recurrent).…[Read more]
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.
Saver0 replied to the topic Nature of Markets – Power of Probability, Compounding & 1pip in the forum Trading Systems Discussion 10 years, 10 months ago
No its not @blueface
It’s just a helper EA to make placing the 1 pip trader quicker and easier to see the TP levels.
Saver0 replied to the topic The Forex Plumber in the forum Trading Systems Discussion 10 years, 10 months ago
Thanks for sharing GG! The #2 is very interesting!
I have done a lot of work with triangulation but your approach at triangulation of comparing ROC instead of pure price actually might be way superior. I’m going to try and create an indicator to show ROC based triangulation differences and maybe there is an edge we can exploit!
Thanks again!

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]- Load More