@Robot Trader -- thank you for volunteering

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@rosalieone -- very nice -- I see your point now. I would need to think about this some more. Let's suppose we do not use wicks to fill a liquidity gap and allow the gap to remain alive until it runs into a candle body -- as you suggest. But then I ...

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@handy148 -- perhaps. But the entities placing the orders are not impatient humans waiting in line to order ice cream. Those unfilled orders could also be some type of long term investment. I don't know. You are thinking as a human who is used to ...

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@Robot Trader -- excellent response, I get it -- thank you. The hedging scenario you describe would also require a large SL (or no SL), in addition to riding out a potentially large DD until the second liquidity gap was filled. At this point I'm not ...

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@shrips -- sorry, no it's not. You and @matthew89 are the kind of lazy traders that cause some of us to grow cynical. You expect others to do the heavy lifting, and then ask them to share it with you. If someone wants to share that's up to them -- ...

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@Robot Trader -- hedging always confuses me. How / when do you know which will be the losing trade? I would love to see how this could work -- could you provide a screen shot with an explanation. This is all relatively new to me -- but it is my ...

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@Nih98 -- I've been looking forward to visiting your new thread, and just now downloaded and installed everything. To be honest -- I can't believe it. Beautiful indicators, template and explanations. You are much too generous. I will enjoy using ...

NIH98 Journal of Whatever

Hello @Ben -- I replied a few minutes ago, though I'm not sure I answered correctly.

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@pet3250 -- it looks like there are other targets, so it will be interesting to see how this goes. Since 'momentum' kept coming up in discussions, I am now incorporating it in my charts. Though I can now see targets (on both sides of the current ...

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Yep -- and in order to close trades based on a Close bar your EA has to wait until the next Open tick before it knows the price of a Close bar. Programmatically, when traversing OHLC data, you index through arrays like Open[], Close[], High[] and ...

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@Robot Trader -- fair enough. I was stuck on liquidity gaps and whether wicks should or should not be used to fill them.

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@Robot Trader -- a few points... 1. When trading live there is no such thing as OHLC -- only ticks (i.e. the current price). 2. The order filling we're talking about is not your broker's orders. Your broker has such a small piece of the pie their ...

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@skyway -- when talking about live trading let's leave out OHLC -- it doesn't exist. There are only ticks. Good question -- I don't know the answer. This point was touched upon the other day when @George gave us that exercise (which I'd like for him ...

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@Robot Trader -- if a new tick did not arrive from the broker's data provider at 12:00 and your broker had to use the next best tick then, yes, I believe it is as you describe.

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@skyway -- yes, well said. Your best post so far...

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BINGO !! That is correct. But I would add that though it's a gap, it's probably a price gap (as opposed to a liquidity gap). Price gaps and liquidity gaps are different. I've learned from @George that liquidity gaps get filled a majority of the ...

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@skyway -- okay, they spice it up a bit. But that's not the point. The point is this -- the data arrives at your MT4 session in the form of ticks. The MT4 software arbitrarily combines the raw tick data into other representations to make it easier ...

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@skyway -- do you see what I mean?

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And who might that be? I'm kidding -- let's not go there... I get what you are saying and would tend to agree -- but I think you are too harsh on the other guys. Granted -- they assume the indicator crowd don't pay attention to details. And, you ...

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[/quote] This is great -- I love the challenge. I don't know about other platforms -- but I am familiar with MT4. "Open" is the tick that arrives at the beginning of a new time frame -- i.e. a new bar. MT4 (or your broker) guarantees the arrival of ...

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