Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#351
amdudus wrote:
Mon May 21, 2018 7:35 am
What to do?
For each trader, the questions raised above are very important, especially if he has chosen trading as a profession. But the fact that there is no answer to them can cause a feeling of incompleteness and psychological discomfort, which can negatively affect trading. Imagine that a trader who came to the market to earn money does not know for sure whether someone in this market has earned it before him, and is it possible to earn at all? At the same time he has been trading for some time and all to no avail. Where in this situation to find strength and motivation to continue? First of all, it is worth determining, than for you is trading: a profession, a game of chance, or a hobby?
• If a profession, are you ready to give it as much time as any other profession requires?
Thanks amdudus for another thought-provoking article.

I can see where you are coming from and I appreciate that. Can't agree more to the point that if someone wants to look at forex trading as a profession then should immerse himself into that as any other profession. period. More than that, stop suspecting the overall game.

Another thing that I learned over the time is, there is nothing called right or wrong because we are trying to predict the unpredictable. So, no matter what indicator, oscillator you use, it is all subjective. someone works on a 1m chart and others on 1w chart.. it is truly based on the psychology of the trader. to my style, I prefer lower time frame rather than the higher time frame. why, psychological aspects attached to time

also feel that the most important aspect of forex trading is the money management. this I feel is the core of the business unless someone master this aspect he can never be able to sustain. for example, at a lower time frame if one is taking 10 trades per day then with an exposure of 0.5% per trade then sure it can bring success over the period. (do the cumulative math)... again provided only if he can stick to his game plan.

well, the bottom line.. there is only and only one way to learn swimming .. jump into the water. :)




Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#356
Primary data of the trader
The primary data for the trader are:
• price;
• volumes;
• open interest

With a price I think is understandable. I will stop briefly on the volumes. Volumes A volume is the number of transactions performed under a contract (or an option thereon) performed during a certain time period. Usually talk about the volume of a certain trading session. When the volume and open interest are at a low level, then it is very cautious to trade in such a market. In other words, this is an illiquid market. Therefore, it will be difficult to achieve timely execution, and even at a good price. As for highly liquid markets, they are least likely to be manipulated by traders. Traders do not accept their trading decisions solely from the data of the trading volume and open interest, but use them in combination with technical indicators to confirm or refute their signals. For example, if there is a strong "breakthrough" in the futures market, turning into a bullish impulse, then it will be a good signal to buy only if it is accompanied by a large trading volume. However, if a strong breakdown pulse is accompanied by a small trading volume, then this is suspicious. If the formation of a new price maximum or minimum is accompanied by a weak volume, this, most likely, means that the movement will soon exhaust itself or has already exhausted itself. If the movements against the existing trend are accompanied by an increased volume, then this may indicate an imminent end of the trend.
This phenomenon we call divergence. The impossibility of accurate accounting of volumes on FOREX leads to the need to use estimated volumes.
There are two options for this assessment:
• extrapolate the volumes of currency futures that strongly correlate with FOREX;
• estimate volumes by eye, determining the rate at which information about the auction enters the computer system and displayed on the monitors (the higher the information update rate, the greater the volume).
The main rule of volume analysis is that increasing volumes confirm the interest of market participants in the movement of prices in the current direction, while decreasing volumes indicate that the participants do not support this movement. If the price increase occurs with increasing volumes, and then the volume falls, then the price usually continues to grow, but the volume gives us a signal about a possible reversal, or at least a weakening of the trend. In addition, volumes are a mandatory confirmation signal when analyzing reversal patterns and their continuation. Analysis of volume histograms is difficult due to the low visual information content of such a chart. Therefore, when analyzing volumes, it is recommended to use also indicators built on volumes that give clearer signals. The volumes for daily and weekly charts are the most significant in the analysis. On monthly charts, they are usually not used. It should be taken into account that in commodity markets, unlike the futures market or FOREX, volumes are published with a delay of one day, i.е. trading volumes are known only on the next trading day, so they are a lagging parameter.
For memorization:
• they outstrip the price movement (prices are more inertial than volumes);
• strongly correlate with the volume of futures;
• duplicate the trader's interest in the price movement;
• if the volume and open interest grow, then the trend will most likely continue to develop in the same direction;
• If these indicators decline, then, most likely, the trend has come to its end.
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Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#357
Primary data of the trader
The primary data for the trader are:
• price;
• volumes;
• open interest

I will briefly outline an open interest.
Open interest is the total number of outstanding contracts (or options on them) with a premium at a certain time, the period of which has not expired. This is an indicator of the degree of liquidity of a particular market, which affects the ability to buy or sell at a certain price or near it. The notion of open interest may seem tricky, especially for beginners. In a nutshell, that's how open interest is calculated: if the next buyer (long) and the seller (short) open their positions, concluding the deal, the open interest increases by one. However, if a trader who has already opened a long position sells to a new market participant who is waiting for the opportunity to open a long position, then open interest remains at the same level. If a trader who has already opened a long position sells to a new market participant who is waiting for the opportunity to close his short position, open interest is reduced by one. Changes in the values of open interest can also help in the confirmation of trade signals of technical indicators. Open interest can give the trader an idea of new financial receipts or reductions in the market. This can help in monitoring the trend markets. However, there is one difference between open interest and trading volume: open interest may be subject to seasonal trends (it may be higher or lower at a certain time of the year). The average indicator of seasonality is very important when analyzing the indicator of open interest. If the price increases, and the general open interest grows with it and exceeds the average seasonality indicator (averaged over 5 years), it means that new money from aggressive buyers is coming to the market, which confirms the strength of the bullish trend. However, if prices rise and open interest drops below the average seasonal figure, then this growth is caused by holders of unprofitable long positions that liquidate them, and accordingly money leaves the market. Usually it is a bearish sign, indicating that growth will soon be replaced by a fall. A similar situation occurs in a downward trend. If, as the downward trend develops, open interest grows and exceeds the average seasonality indicator, it means that aggressive sellers have come to the market, and this is a bearish sign. But if open interest declines and falls below the average with a bearish trend, it means that it will soon end, because the bulls eliminate their unprofitable long positions. Here are two more rules for open interest: Very high open interest in price peaks can cause a sharp collapse. Open interest, which is growing in the process of consolidation (lateral movement before the breakthrough) can strengthen the price breakthrough.
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Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#358
For the project participants.
Mini Oanda - an effective tool for analyzing the behavior of the crowd in the market.
It displays data on the open positions of buyers and sellers at specific price levels.
One of the few tools to date that provides a trader with really useful information that greatly simplifies the adoption of trading decisions. Unlike various price indicators, which, as a rule, do not carry any semantic load, Oanda's glass of applications displays quite real data about trading positions and open applications of traders. :thumbup:
Pending Orders
1 - Limit orders for sale + Take Profit from transactions for purchase.
2 - Bai Stop Orders and Stop Losses from transactions for sale.
3 - Sell Stop Orders and Stop Losses from transactions for purchase.
4 - Limit Purchase Orders + Take Profits from transactions for sale.
Open Transactions
5 - Profitable transactions for sale.
6 - Loss-making transactions for purchase.
7 - Loss-making transactions for sale.
8 - Profitable transactions for purchase.
9 – Derived
MV (Middle Volume) - The middle of the volume of the glass.
OB, OS - Overbought, oversold - 80% of the glass.
SR - Resistance from limit orders.
GR - Attraction from stop orders.
RP - The point of minimum value of profitable traders.
Ratios
10 - The ratio of Deferred purchases and sales.
11 - The ratio of open deals to buy and sell.
12 - The ratio of profit and loss transactions.
Filters
13 - The type of glass display.
14 - Currency pair.
Data update For Oanda source, data is updated every 20 minutes with a delay of 5 minutes from Time Slepka.
That is, new impressions appear in xx: 05, xx: 25, xx: 45 Other nuances If you click the left mouse button on the chart (where the candles are), the cast of the glass will be fixed, and a blue bar appears on the chart. To cancel the hold, press the left button again on the chart.
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Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#359
For the project participants.
Current Ratio is a convenient tool for analyzing the ratio of short and long positions of traders. Convenience is that there are collected data from different brokers in one place and you do not need to browse multiple sites in search of this information. The broker's weight not only participates in the sorting of brokers, but also in the calculation of the average value. Currencies by weight are sorted according to the value of open interest for the selected currency pair. The average value is only for specific currencies. The average value for all currencies in a particular broker is not calculated, because it does not make any sense.
Current Ratio is the percentage of purchases and sales at the moment. Indicators of the instrument should be interpreted as follows: if the majority buys, we should sell, and vice versa, if everyone sells, we should buy.
USDX
USDX displays the ratio of positions on the dollar index. The indicator is synthetic, that is, the data are calculated on the basis of the ratio of positions for index currency pairs. If the dollar index is dominated by purchases, then we should buy pairs in which XXX / USD and sell the pair where the dollar is at the first position - USD / XXX.
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Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

#360
amdudus wrote:
Fri May 25, 2018 5:51 pm
For the project participants.
Current Ratio is a convenient tool for analyzing the ratio of short and long positions of traders. Convenience is that there are collected data from different brokers in one place and you do not need to browse multiple sites in search of this information. The broker's weight not only participates in the sorting of brokers, but also in the calculation of the average value. Currencies by weight are sorted according to the value of open interest for the selected currency pair. The average value is only for specific currencies. The average value for all currencies in a particular broker is not calculated, because it does not make any sense.
Current Ratio is the percentage of purchases and sales at the moment. Indicators of the instrument should be interpreted as follows: if the majority buys, we should sell, and vice versa, if everyone sells, we should buy.
USDX
USDX displays the ratio of positions on the dollar index. The indicator is synthetic, that is, the data are calculated on the basis of the ratio of positions for index currency pairs. If the dollar index is dominated by purchases, then we should buy pairs in which XXX / USD and sell the pair where the dollar is at the first position - USD / XXX.
Hello Amdudus,
Thank you very much for the very useful and informative information.

What do you mean by USDX or is it CFD USDIndex on MT 4? :roll:
Be patient and wait for your chance


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