Disliked{quote} Да, но я до сих пор не понимаю стоящую за этим стратегию. У меня не было времени прочитать весь...Ignored
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I will code your EAs and Indicators for no charge
{quote} These points make it possible to use this indicator. Of course, you need a filter that suggests the direction of movement. {image}
Otherwise, we are blindly taking a 50-50 risk
Theory of Everything is Liquidity...https://www.youtube.com/@FxArt.Trader
- #61,665
- Edited 6:28am Jun 8, 2023 5:46am | Edited 6:28am
- Joined Nov 2009 | Status: Trader | 953 Posts
{quote} These points make it possible to use this indicator. Of course, you need a filter that suggests the direction of movement. {image}
@fxart.trader, @erex and @forexnoob
But how would you make a direction filter with retail stuff(indicator) when the market only trending 30% of the time and is sideways 70% time?
IMHO you can't
It could be done using SMC, but with so many tf's it's complex
You need to know where the market are in the cycle to get it right, but if it could be done that way it would be a killer
What do you guys think?
Blindly following others will make you blind!
- #61,668
- Jun 8, 2023 8:08am Jun 8, 2023 8:08am
{quote} @fxart.trader, @erex и @forexnoob
{quote} True @fxart.trader, @erex and @forexnoob But how would you make a direction filter with retail stuff(indicator) when the market only trending 30% of the time and is sideways 70% time? IMHO you can't It could be done using SMC, but with so many tf's it's complex
But if there was such a thing that being a trader no longer made sense, the robot would do all the work
Maybe the best option is Smart Money for diagnosis
I am not a fan of such trades, even if you have a stop, you will be caught in a trap and lose more than you gain.
Theory of Everything is Liquidity...https://www.youtube.com/@FxArt.Trader
- #61,672
- Edited 11:07am Jun 8, 2023 10:51am | Edited 11:07am
- Joined Nov 2009 | Status: Trader | 953 Posts
{quote} You have already mentioned smart money more than once to determine the direction of trade. What do you have in mind?
I know how to see it manually in the market, but i cannot code it.
It's complexed as hell
cause you can i.e have 2-3 down days on a daily chart and then you have 2-3 up days and then inside that structure you can have the same on H4 and H1 and so on.So the bigger timeframe is really important, but it does not mean it cannot go in the opposite direction if you have a retracement
There are diff cycles in the market, let me draw one of them
This is one way they do it, with 2 reset's
You only know this if you have looked at the charts for a long time, (me 1.5 year - in all 15+ years) cause it's not in textbooks out there.
Blindly following others will make you blind!
{quote} Sorry for interupting, but you have to have a way of detecting CHoCH/BOS in the market before you can find direction. I know how to see it manually in the market, but i cannot code it. It's complexed as hell
It becomes more difficult when the robot has to understand that if we have a sell signal in the 4-hour time frame, but in a one-hour buy signal, the priority is the 4-hour time frame, and it should set the settings in the direction of the 4-hour signal, which is sell.
Coding Smart Money is very hard and challenging
I thought about it a lot and tried to check, Zig Zag or Fractal or Elliott Wave....Is it possible to use them for smart money coding or not?
Most of the indicators that I saw in the field of smart money mostly use fractals and implement smart money rules based on the fractal code.
I know how to see it manually in the market, but i cannot code it.
Theory of Everything is Liquidity...https://www.youtube.com/@FxArt.Trader
{quote} I prefer that the right direction is recognized and only one trade is opened. It is necessary to examine the market cycle robot in a multi-time frame and identify which time frame and target is the priority before opening the trade. and adjust the trade accordingly. But if there was such a thing that being a trader no longer made sense, the robot would do all the work
I thought about it a lot and tried to check, Zig Zag or Fractal or Elliott Wave....Is it possible to use them for smart money coding or not?
I only believe in there is an algo running this shit
And the algo fucking around with us every day and take our money
me too. then lets
Blindly following others will make you blind!
- #61,678
- Edited 2:32pm Jun 8, 2023 11:58am | Edited 2:32pm
{quote} Sorry for interupting, but you have to have a way of detecting CHoCH/BOS in the market before you can find direction. I know how to see it manually in the market, but i cannot code it. It's complexed as hell
Roy
{quote} Try this for simplicity. {image} Roy
Jeah i know ICT to well. Study this over 2 years back in time
He use these fib levels cause he is not sure which one will be used.
Blindly following others will make you blind!
