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  • #1,141
  • Sep 17, 2022 11:23am Sep 17, 2022 11:23am
Quoting ryuryu
I also have created simple telegram bot. It helps me in my manual trading. I can open the trade manually even from my phone and the bot and it will place TP immediately. Or I can close all, in emergency, for example. {image} All I want to say is that we have computers. There is no need to trade like we are in 19 century. There is no need to try to "feel" the market, there is not need to "train you brains and eyes to see". It is very dumb to think that you can outperform algos using drawing tools. All who are trying to cheat you talking about secret...
Hello.
I also trade based on delta, and it's great, but very difficult.
  • #1,142
  • Sep 18, 2022 8:31am Sep 18, 2022 8:31am
Quoting xeroh
Thank you very much for response RyuRyu! Then only volume with candle distance is used to generate trading signal? Can you please give me example or proof of concept how do you use these data to generate trading signal? Thank you for response. Regards, Xeroh
I'm using this:

- ema3 high and ema3 low on 5m to detect when ask/bid is higher or lower
- ma order on 5m and 1m. They are ema60, ema120 and ema240. They must be in order (not mixed)
- distance between ema6 high and ema6 low on 1m tf is the distance (you can use ATR for that, I just don't want to make a lot of calculations so that is good enough)
- volume. On bybit it must be >200 000$ per minute for all 50x coins and >2m$ for BTC (ETH)
- delta. For short it must be negative, for long it must be positive.

I have several trading bots running. So for example one works like that: check all I wrote higher and open shorts when ma order in long. Then add more if ask < ema60. Close when ma order is short.
Observer effect
  • #1,143
  • Sep 20, 2022 1:22pm Sep 20, 2022 1:22pm
Quoting ryuryu
{quote} I'm using this: - ema3 high and ema3 low on 5m to detect when ask/bid is higher or lower - ma order on 5m and 1m. They are ema60, ema120 and ema240. They must be in order (not mixed) - distance between ema6 high and ema6 low on 1m tf is the distance (you can use ATR for that, I just don't want to make a lot of calculations so that is good enough) - volume. On bybit it must be >200 000$ per minute for all 50x coins and >2m$ for BTC (ETH) - delta. For short it must be negative, for long it must be positive. I have several trading bots running....
perhaps the most difficult thing to set up is a good TP.
  • #1,144
  • Edited 12:44pm Sep 21, 2022 11:57am | Edited 12:44pm
Quoting tiborf71
{quote} perhaps the most difficult thing to set up is a good TP.
a good example of this right now is EUR/CAD. I knew TODAY WAS GOING TO RAIN , but it is very difficult to create GOOD TP.
  • #1,145
  • Sep 22, 2022 7:09am Sep 22, 2022 7:09am
Quoting tiborf71
{quote} perhaps the most difficult thing to set up is a good TP.
You are absolutely right. But keep in mind that not good TP is the key but good TPs. You have no chance with 1 entry and 1 tp.
Observer effect
  • #1,146
  • Sep 22, 2022 12:32pm Sep 22, 2022 12:32pm
Quoting ryuryu
{quote} You are absolutely right. But keep in mind that not good TP is the key but good TPs. You have no chance with 1 entry and 1 tp.
I don't understand you. What is it that you have no chance with a 1 tp vel?
  • #1,147
  • Sep 22, 2022 11:19pm Sep 22, 2022 11:19pm
Quoting tiborf71
{quote} I don't understand you. What is it that you have no chance with a 1 tp vel?
Because market works not like we dream. There are no fancy colored rectangles called candles. There are trades. And 1 tp with full size at random distance make less sense then predict the weather using sand watches. Who cared that we want to close our position? Market doesn't care what we want. Take profit must be dynamic, it must depends on market conditions. It must be split in parts and depending on the situation (ROI, fees to pay, orderbook) it must be maker or taker type and so on.
Observer effect
  • #1,148
  • Sep 23, 2022 6:14am Sep 23, 2022 6:14am
Quoting ryuryu
{quote} Because market works not like we dream. There are no fancy colored rectangles called candles. There are trades. And 1 tp with full size at random distance make less sense then predict the weather using sand watches. Who cared that we want to close our position? Market doesn't care what we want. Take profit must be dynamic, it must depends on market conditions. It must be split in parts and depending on the situation (ROI, fees to pay, orderbook) it must be maker or taker type and so on.
you probably trade delta completely differently than i do.
but the principle is the same.
  • #1,149
  • Edited 9:08am Sep 24, 2022 8:53am | Edited 9:08am
eur/cad.
delta.
for now the delta is developing, I will open a buy position after the appropriate price/delta difference level. However, there is a large spike in the north that makes me think.
because usually the large needle indicates the equalization of the delta/price.
H1.
  • #1,150
  • Sep 28, 2022 5:48am Sep 28, 2022 5:48am
Attached Image (click to enlarge)
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Take a look at the market now, it is very active. Traded volume per minute is very good. Distance is big. So less risk, more profits
Observer effect
  • #1,151
  • Oct 8, 2022 5:16pm Oct 8, 2022 5:16pm
Hola people!



The world is on fire and it is a good time for scammers to try to take your attention and time.

Please DO NOT BELIEVE anyone who is trading only using the free indicators brokers allow us to use. It is SCAM. It is NOT POSSIBLE to trade with profit using 999 versions how to average open, high, close and low. NOT POSSIBLE. Write that statement down, read it, re-read it. Read it every day.

The only chance to win is to be FASTER and SMARTER than the crowd.

Here the good advice is... I call it "DO NOT" advice.

People are using RSI? DO NOT USE IT.
Stoch to find entry? NO WAY. USE IT FOR EXIT ONLY.
And so on.


Stay green!
Observer effect
  • #1,152
  • Oct 9, 2022 1:34am Oct 9, 2022 1:34am
Quoting ryuryu
{image}Take a look at the market now, it is very active. Traded volume per minute is very good. Distance is big. So less risk, more profits
WOW ... finally finished 58 pages, taken most of the day ... congrats to ryuryu and RickM ... and everyone else who contributed ... very interesting and amazing work ...
Rick, if you were give up trading consider writing a book, your post of the trading night with the children and broken vase was a great read.
Amazing ryuryu, all the coding and free advice ... inspiration.
Now to Volume ... yes I get it and understand the importance but must ask a "why" ... because it is so important to get that right (volume) what are your responses to the following article, in particular #4 where the article throws negative light of certain exchanges for volumes?
Do you concern yourselves with this and or believe it to be like so much other reporting and is either exaggerated or article click bait/biased or untrue?
https://www.forbes.com/sites/javierp...lrForbesCrypto

PS Very interested in access to the webiste (if still available) and would like to join the Discord Group.
If you require a PM re this please advise ... greatly appreciated and again IMO a magnificent effort.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #1,153
  • Oct 9, 2022 4:22am Oct 9, 2022 4:22am
Quoting ryuryu
There is blockchain thing. So you can check how many $$ or BTC or whatever shitcoin your favorite was moved to the exchange. And what moved from. If whales moved USTD to exchange they will buy (crypto will rise), it they send BTC then they will sell it. Too hard for your old 60+ senile brains "successful forex trader" to understand?
or maybe... the whales try to make a fake impression that after they move USDT to exchange they will buy more crypto? maybe they have some crypto already and they are going to sell it.. therefore they push the price higher with fake USDT movement..
  • #1,154
  • Edited 5:35am Oct 9, 2022 4:32am | Edited 5:35am
Quoting joyny
{quote} or maybe... the whales try to make a fake impression that after they move USDT to exchange they will buy more crypto? maybe they have some crypto already and they are going to sell it.. therefore they push the price higher with fake USDT movement..
No whale store crypto on exchange. If you check their wallets you will see that after every move they withdraw everything back. But my message was that we have that data on crypto and we don't have that kind of data on forex. You can use it. You can skip it. I'm using it this way: I have tg bot that sends me message if some huge amount transferred in/out to//from major exchanges. So I can expect movements. Yes it is not possible to predict what exactly they will do, but in fact they are doing the same.

big deposits/withdrawals data:
crypto forex

volume data:
crypto forex
Observer effect
  • #1,155
  • Edited 5:21am Oct 9, 2022 4:37am | Edited 5:21am
Quoting PayItForward
{quote} WOW ... finally finished 58 pages, taken most of the day ... congrats to ryuryu and RickM ... and everyone else who contributed ... very interesting and amazing work ... Rick, if you were give up trading consider writing a book, your post of the trading night with the children and broken vase was a great read. Amazing ryuryu, all the coding and free advice ... inspiration. Now to Volume ... yes I get it and understand the importance but must ask a "why" ... because it is so important to get that right (volume) what are your responses to...
I think it is true that 50% of trades are fake. In fact 100% of forex is fake, why crypto will be not? For example few month ago new exchange appear on the market. And it has good volume. Tell me please how it can be? How its volume can be that good like on major exchange? Sure it is fake.
I was working for one crypto exchange and to start they were taking data from majors and create same fake tick volume like forex do.

But. On crypto you can check the data first and choose your exchange. For example I don't trade on Binance. BUSD volume is fake for sure. USDT is not interesting because of fees. So I'm trading on bybit. It has really good 100% real volume. Also bitfinex is very good. 100% true volume. Bitmex was good until they reduce rebates and increase fees. Yes it is hard to research it, but it worth it.

p.s. to get access to crypto dashboard and discord please pm me.
Observer effect
  • #1,156
  • Oct 16, 2022 9:55am Oct 16, 2022 9:55am
Good news.

1. Now I can take live data from tradingview.
So I can create the same dashboard like for crypto, but for forex.
Also I can get data from CME

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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2. I have create "beautiful number"/round number bot for btc and alts
Attached Image (click to enlarge)
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it checks where price came from - from top or from the bottom and then if some number found - it send signal to the telegram channel
number like
Attached Image (click to enlarge)
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I have found some research about numbers and took data from it
works great in fact, especially if 4 in a row

for example that 133 was here:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
Observer effect
  • #1,157
  • Oct 16, 2022 10:56am Oct 16, 2022 10:56am
Hello I've been reading this thread on and off for a few months. I work a lot so haven't had much time to implement. But I feel I've learned a lot. Moved away from forex and trading view based on a lot of the information I've picked up from ryuryu and RickM's posts. Currently setting up and learning Quantower based on some of these posts, it seems to have some great features though I've not figured how to set it up ideally yet. I was wondering if there's still access to this bybit crypto dashboard as I already had an account there, and the connection to Quantower seemed very convenient for me.


Quoting ryuryu
Good news. 1. Now I can take live data from tradingview. So I can create the same dashboard like for crypto, but for forex. Also I can get data from CME {image} {image} 2. I have create "beautiful number"/round number bot for btc and alts {image} it checks where price came from - from top or from the bottom and then if some number found - it send signal to the telegram channel number like {image} I have found some research about numbers and took data from it works great in fact, especially if 4 in a row for example that 133 was here: {image}
One thing I haven't understood. You use trading view, you created your own volume/delta indicators and mostly use it for bots correct? I'm still early on in understanding everything, but even earlier I had a look around and the delta/volume indicators available on trading view, user created, seem mostly nonsense based on bad data. Tick volume, etc. Compared to offerings on other platforms. You've said trading view does have the data available for something like crypto on bybit, but you would have to create your own tools to analyze it?
  • #1,158
  • Oct 17, 2022 5:33am Oct 17, 2022 5:33am
Hey MikeM!

Quoting MikeM
I was wondering if there's still access to this bybit crypto dashboard as I already had an account there
Yes, just PM me and I'll give you a link. I can't post it here because link to to my totally free github bots and totally free discord and totally free crypto dashboard is "commercial". At the same time scammers promote their scam "mentorship" in every thread and it is ok.

Quoting MikeM
One thing I haven't understood. You use trading view, you created your own volume/delta indicators and mostly use it for bots correct? I'm still early on in understanding everything, but even earlier I had a look around and the delta/volume indicators available on trading view, user created, seem mostly nonsense based on bad data. Tick volume, etc. Compared to offerings on other platforms. You've said trading view does have the data available for something like crypto on bybit, but you would have to create your own tools to analyze it?
You have to split data sources. We have few:

1. Tick vol data on forex - you can have it in your mt4/5 - this is useless, since it is fake and not real.
2. CME vol data for forex - very good, but you have to pay to get it.
3. Tradingview data. Here we don't have real vol data even with paid subscription. And we don't have trades data. So we can't calculate delta for example. But we can have OHCL data (open close high low).
4. Vol data from crypto exchange API - here we have everything we want for free live.

So. To make my bots running I just use crypto API to get all the data I need. Then I analyze it and bots are trading.
Since I'm using linux and python language to code my bots it is very complicated to runn mt4/5 in windows then save data from it and so on. That's why I found how to get same data from tradingview. They have a backdoor and if you you will reverse engineer their code you will find totally free websockets service so you can get your data.
Observer effect
  • #1,159
  • Oct 17, 2022 11:46am Oct 17, 2022 11:46am
Quoting ryuryu
Hey MikeM! {quote} Yes, just PM me and I'll give you a link. I can't post it here because link to to my totally free github bots and totally free discord and totally free crypto dashboard is "commercial". At the same time scammers promote their scam "mentorship" in every thread and it is ok.
I just made this account recently to comment in this thread and I'm unable to PM as a new member yet, but I'll stick around.

I've certainly run into a lot of that over the past year or so of trying to learn how this all works. It's actually how I ended up here. Tested all these different supposed methods based on indicators, "analysis", etc. None of it works of course, then you run into people charging hundreds of dollars for a "course" that to my understanding contains all the same, usually bad, information you can find for free. I've never paid, but from what I've seen and understand they really do just contain the same thing you'd find for free somewhere else, and of course not particularly useful information.

Anytime I noticed anything did seem to have an effect, even if used incorrectly, or forced into some ineffective indicator strategy, it was always related to volume. Which is what got me looking into volume more specifically, and further past the Website/video guides into forum discussion to avoid more of the paid course advertising. You guys have created a really useful resource here even if there's quite a bit of information to take in.


Quoting ryuryu
You have to split data sources. We have few: 1. Tick vol data on forex - you can have it in your mt4/5 - this is useless, since it is fake and not real. 2. CME vol data for forex - very good, but you have to pay to get it. 3. Tradingview data. Here we don't have real vol data even with paid subscription. And we don't have trades data. So we can't calculate delta for example. But we can have OHCL data (open close high low). 4. Vol data from crypto exchange API - here we have everything we want for free live. So. To make my bots running I just use...

Thank you this actually clarifies a lot of small questions I had while going through the thread. I understood the points about tick, and Crypto data availability, but how exactly trading view data was used threw me off a bit.

For now at least I plan to run with the most recommended and work with bybit/crypto in the free time I do have since I've already had an account with them for a while that I haven't used much.
  • #1,160
  • Oct 18, 2022 1:31am Oct 18, 2022 1:31am
Quoting MikeM
{quote} I just made this account recently to comment in this thread and I'm unable to PM as a new member yet, but I'll stick around. I've certainly run into a lot of that over the past year or so of trying to learn how this all works. It's actually how I ended up here. Tested all these different supposed methods based on indicators, "analysis", etc. None of it works of course, then you run into people charging hundreds of dollars for a "course" that to my understanding contains all the same, usually bad, information you can find for free. I've never...
Hi Mike

Trading volume on Crypto markets is far easier than trading volume on forex markets for a couple of reasons.

The biggest advantage is there is little absorption in crypto perpetual markets mostly because there isn't hordes of Algo's fighting for control of the liquidity. We can therefore trust bullish delta to push price up and bearish delta to push price down which isn't the case on Forex markets. Another advantage is its totally free, and accurate if you trade with Bybit's data. There are of course other trustworthy brokers which Ryan has mentioned before.

BUT ..... are you as good as ryuryu?.

If you are serious, Ryan can present to you some data sets to view and see what volume data is presented from crypto markets.

Choose one market and just study them for a week provide sales per minute exceed $200K.
No trading, just watch the values, how they affect movement and what numbers cause reaction.
The key data values you need to watch is Buying volume and Selling volume - skip every bloody thing else.

Just those two data sets only then tell us what your opinion is of the action.

THEN ROLL UP YOUR SELVES
Now you will start some trading drills - intense trading the data with the purpose of nailing your entry, the exit is not important.
Hitting the buyers or sells when it moves, no thinking till it becomes automatic and you have achieved clarity of vision

Where will you be after a period of a few weeks?

Ahead of most traders on Forex factory because you will understand what volume is required to move the market and make a good profit in the process.

Again, can you beat Ryuryu? -
Trading thin liquidity at the boundary of the charts
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