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[PAID Request] Price Action Momentum Indicator
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4473		 Page 4 of 5
Author:  SteveHopwood [ Wed Jan 27, 2016 9:48 am ]
Post subject:  [PAID Request] Price Action Momentum Indicator
Sandovich » Wed Jan 27, 2016 8:15 am wrote:
SteveHopwood » Tue Jan 26, 2016 4:48 pm wrote:I cannot code '40% off the low'. It has to be 40% of something. That something needs a numerical value.

:xm:

If I understand it correctly it is 40% of the distance between candle High less the Candle Low .

[/code]
Thanks Paul. So, we are talking about 40% of the height of the previous candle. Dos this sound correct, David?

:xm:
Author:  DigitalCrypto [ Thu Jan 28, 2016 12:25 am ]
Post subject:  [PAID Request] Price Action Momentum Indicator
Sorry for the delay, I was busier than a one-legged man in a butt kicking contest.

40% candle = This is what the PAM candles are when it draws the arrows.

The one I was telling you to look for was the same except the color is "green" instead of "red" for downtrend or vice versa. After looking at it, it's garbage and not worth the effort.

What I _did_ do was look for a good profit taking strategy. So I bumbled together an ATRTakeProfit. Here's my code that seems to work.

@Steve I test drove this code before rollover and it seemed to work nicely provided the spreads weren't too large for the TradingTimeFrame.

Video explanation
[youtube]https://www.youtube.com/watch?v=StRhOF3wXRY[/youtube]



ATRTakeProfit
============

Globals

Code: Select all

extern bool    UseATRTakeProfit=true; //DXH Calculate ATR(21) TakeProfit Pips
       double  ATRTakeProfitPips=0;   //DXH Set initial ATRTakeProfitPips=0;
Function()

Code: Select all

void ATRTakeProfit() // DXH Calculate take profit based on ATR(21)
{
   double pfactor = PFactor(Symbol()); //Don't understand how you capture it. 
   ATRTakeProfitPips = NormalizeDouble(iATR(Symbol(),PERIOD_CURRENT,PamMAPeriod,0),Digits)*pfactor;
   

} //void ATRTakeProfit()
OnInit()

Code: Select all

if(UseATRTakeProfit) TakeProfit=ATRTakeProfitPips;
if(!UseATRTakeProfit)TakeProfit=TakeProfitPips;
OnTick()

Code: Select all

if(UseATRTakeProfit) ATRTakeProfit(); //DXH Calculate Take Profit Based on ATR(21)
Author:  SteveHopwood [ Fri Jan 29, 2016 11:47 pm ]
Post subject:  [PAID Request] Price Action Momentum Indicator
DigitalCrypto » Thu Jan 28, 2016 12:25 am wrote:Sorry for the delay, I was busier than a one-legged man in a butt kicking contest.

40% candle = This is what the PAM candles are when it draws the arrows.

The one I was telling you to look for was the same except the color is "green" instead of "red" for downtrend or vice versa. After looking at it, it's garbage and not worth the effort.

What I _did_ do was look for a good profit taking strategy. So I bumbled together an ATRTakeProfit. Here's my code that seems to work.

@Steve I test drove this code before rollover and it seemed to work nicely provided the spreads weren't too large for the TradingTimeFrame.
An ATR take profit takes minutes only to add, so I will do so before markets open on Monday.

In future, leave the coding to me, ok? I do not do much in the way of original thinking. I do quite a lot of grease-monkey stuff. I am quite good at it. You are rubbish at it. Stick to the thinking bit. You are rather good at that.

Look at it like this. Which do you think shf members would prefer you be doing?. 1) Hacking away uselessly at producing code that the rest of us will not use because we already have infinitely superior code that we have produced effortlessly several hundred times before; 2) Thinking brilliant thoughts.

Hmmmmmmmmmmmmmmmm. I wonder.....................................

Not trying to stop you developing some crapql4 coding skills - I encourage this all the time. Just don't let it distract you from your Day Job.


:xm:
Author:  DigitalCrypto [ Sat Jan 30, 2016 2:41 am ]
Post subject:  [PAID Request] Price Action Momentum Indicator
RE:Coding

@Steve
No problem. It works pretty nicely. You can also tighten up the stops if you like. There's no sense adding any buffer below the candle. If it doesn't take off it will almost always stop out. It's best to reduce the losses where possible.

Also need to make sure that the PAM candle is the highest or lowest in the 21 candles. Sometimes there will be a PAM signal that gets taken but it stops out. The line stays and price bounces which takes the bad trade entry and runs it again. Comparing to iHighest/iLowest in the PAM loop would probably be the ticket. You're the wizard.

Each PAM signal is only valid for a single trade. We should never trade the same PAM line entry more than once.

@All
While trading PAM signals can be used around the clock on any pair, you will have the most success and most signals when trading pairs whose markets are open.

Keep an eye on ATR(21). If your ATR is less than 3x your spread (on commodity pairs) stop trading it. This is not a problem on low spread pairs.
Author:  DigitalCrypto [ Fri Mar 25, 2016 6:32 pm ]
Post subject:  [PAID Request] Price Action Momentum Indicator
Carl,

I'm not sure. It is my opinion that you shouldn't get an alert until after the candle has formed. It doesn't do any good to give a signal prior to the close. Unclosed candles are pointless when trading this method.

- David
Author:  SteveHopwood [ Fri Mar 25, 2016 8:17 pm ]
Post subject:  [PAID Request] Price Action Momentum Indicator
carl » Fri Mar 25, 2016 7:46 pm wrote:Well, that's my problem: I'm getting alerts that are often, if not usually, gone by the time a candle closes. Is that your experience w/ this indy too? Love it if the alert sounded only after the close.
Listen up thicko. DC gave you the kind version. I am giving you the blunt one.

Only a cretin with zero knowledge of how this stuff works imagines, even for a second, that it is possible to time something a few seconds before a candle closes.

All indicators/ea's that work on the figures at the close of a candle operate at the open of the following one.

Frankly, I would have thought that was obvious even to a moron like you.

Shut up. Read here. Learn.

One more word from you and I remove you to the group of titwits unable to do anything other than read posts here.

Be grateful that I am in a good mood tonight. I have not always shown dimwits like you the same amount of mercy.
Author:  SteveHopwood [ Fri Mar 25, 2016 10:43 pm ]
Post subject:  [PAID Request] Price Action Momentum Indicator
I see The Idiot Carl and all of his posts have been disposed of by a moderator. It was not me - it was probably a shoot out between the fastest trigger first once he posted again and I was not around. I assume he reacted with the idiocy of most of his kind to my comments about his intellectual ability. The result would have been the same had I been reading at the time.

Forex is a harsh task master folks. Make a mistake and he will punish you mercilessly. Idiots will not survive. SHF is not a democracy. It is a meritocracy. Inexperienced people earn the right to post here by reading and learning. I expect them to be able to post intelligently when they start posting. I and my fellow mods are ruthless with self-aggrandising, pea-brained dimwits.

Have a pleasant Easter break. The markets are going nowhere useful any time soon.

:xm:
Author:  The_Snowman [ Mon Mar 28, 2016 9:26 pm ]
Post subject:  [PAID Request] Price Action Momentum Indicator
DigitalCrypto » Thu Oct 29, 2015 6:51 pm wrote:Hey guys,

If you are new to the PAM indicator for Price Action Momentum trading then read this post in its entirety to understand how to use this indicator.
Hello DigitalCrypto,

Are you still around? If I may be so bold as to ask, where did you first see this concept? You speak about it as if it is a commonly used method but I have been unable to find any reference to it?

Are you still using this method? Anyone have success or not to report on the EA?

Although you have suggested it is for lower time frames, I have been looking at it on Daily chart. To me it seems it will give out an occasional whopper of a signal, sometimes it shows a level and other times it give the top or bottom of a swing. Sort of an anti-signal, if not triggered, go opposite :)

Not that I would trade it exclusively, I would use it in conjunction with other Price Action bars and patterns, eg. reversal, engulfing, inside bars, lower highs, higher lows, etc.

Thanks, John
Author:  DigitalCrypto [ Mon Mar 28, 2016 9:41 pm ]
Post subject:  [PAID Request] Price Action Momentum Indicator
There's a video at the top of page 3 of this thread talking about what it is and how it works.

Maybe one of the mods can sticky it at the top of the thread? Maybe I should edit my first post to make sure it's there so it's easy to find?

I don't really know what the rules are regarding editing posts at a later date. So I'll await direction before I mod the posts.

Lemme see if I can do a video on your pic. I'm having a hard time getting it downloaded so I can modify it and show you the why of it all.
Author:  milanese [ Mon Mar 28, 2016 9:46 pm ]
Post subject:  [PAID Request] Price Action Momentum Indicator
DigitalCrypto » Mon Mar 28, 2016 9:41 pm wrote:There's a video at the top of page 3 of this thread talking about what it is and how it works.

Maybe one of the mods can sticky it at the top of the thread? Maybe I should edit my first post to make sure it's there so it's easy to find?

I don't really know what the rules are regarding editing posts at a later date. So I'll await direction before I mod the posts.
you can mod your own posts like you want, I added the video to your first post...

Cheers :)

Tommaso
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