Good thread, thanks. I have used a similar idea to do an approximation of the "up" and "down" volume based on the candle shape and the tick volume within the candle. For example: The "up path" on the "up" candle can be approximated by (High-Low). ...

About Candlesticks: Why they were created? What do they reveal?

See here. Since there seems to be a ready-made mql code, it might be easier to backtest it in Metatrader, and then if the strategy is good, to spend some time and port it to Python? k

Python Trader code and skills sharing

Right. In a separate statement given to you by the Department of uninformed incomplete induction, the UK hasn't done anything significant in the field of literature, because we think Katie Price's book "Being Jordan" is bad and we have never heard ...

Think and Grow Rich by Trading

in principle yes, because it is not possible to know the absolute top/bottom at the time it occurs, but if you set the difference to 1 pip or so, they will not repaint. in any case, this indicator allows you to play with different swings and see how ...

Looking for Weis Wave indicator MT4

I believe algoTraderJo, was referring to a commercial environment for machine learning (neural networks etc). while this sounds like a tempting idea, i would reserve the pi for simpler strategies. k

Python Trader code and skills sharing

also cython speeds things up. really, i have used a computer half the computing capacity of pi during university. i could run some quite complicated simulations there, certainly much more serious than anything i do in metatrader. i have never used ...

Python Trader code and skills sharing

Self-similarity? k

Trading old style with new tools

Currency pairs are inevitably going to trend. Have you considered looking at the deliberate construction of a choppy/mean-reverting basket of currency pairs? k

Martingaling - Looks so good until the inevitable

Hi Zelo, great work! I am looking forward to trying it out. I think even if you leave it with the basic functionality, it is fine for the first version... No need to make it perfect right away. Cheers, k

Need Your Suggestions on My Trading Simulator and Backtester

Hi Neio, I agree with you, the question is just how deep the rabbit hole is. Read Jim Hurst (there is a nice thread at SHF to find the approximate mean of the move), and Welles Wilder's (The Delta Phenomenon - for natural laws, The Adam Theory - for ...

Musings on the Market

Note that the number of posts shown there is misleading, because it shows only the posts in the threads that have not been deleted. k .

It seems impossible to make money in the long run

This question is easy to settle. One could, for example, sum the number of times the previous candles along the overall price history have passed through every say 1-pip range. If there are discernible (statistically significant) patterns in this ...

Sam Seiden's supply and demand - Does it work?

Hi, you can find out a bit more here. The mt4 indicator can be found coded by some good souls at the platform tech subforum. The Weis'es book is imo quite good, it is focused on the practical application of the method, also using the point and ...

Trading Like A Dealer: Treasury Management With High Risk

Hi, this is a very nice observation. I have myself been using a similar concept, called Weis waves in my recent trading, which basically measures the total volume over a given wave/Zigzag leg, but also taking into account the pip movement and the ...

Trading Like A Dealer: Treasury Management With High Risk

Hi, sure, I did. The mql language is very easy to use and it is quite focused on producing indicators and automated trading systems (EAs) . However, it is also quite slow and I would not trust the Windows operating system for running many instances ...

Python Trader code and skills sharing

Well, I don't have a Pi yet ( ), so my tests were done on Windows. I managed to obtain the last 500 candles on M5 timeframe from Oanda without a problem using oandapy module and its documentation. I guess it is easy from there to make anything ...

Python Trader code and skills sharing

Following this thread, I think to start with python programmed trading. Oanda has quite some benefits there, and I see you are using it as well. I think it would be difficult to run many eas on mt4 in the same time, which is most likely the path I ...

Python Trader code and skills sharing

That shouldn't be too difficult. One question: Seeing your avatar, do you (plan to) use Raspberry Pi to run your EAs (because that would be so cool :nerd:blush:? Cheers, k

Python Trader code and skills sharing

Just one thing to be careful here about is that the formula could be derived from the statistic from the same period over which the EA was then backtested (in other words this would be in-sample testing, whereas it is always better to deduce a ...

EURUSD Trader's Journal

Agreed, good idea, this could shorten the usual lag a bit. k

Machine Learning with algoTraderJo