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  • #1,201
  • Nov 3, 2022 5:03pm Nov 3, 2022 5:03pm
Quoting RickM
{quote} It’s just the difference of Tick volume which has proven to be really an ACTIVITY indicator for Tick movement on the MT4 platform,
It would be a small problem if it was at least what you write, many use some out-of-nowhere additional calculations, ex. ohlc etc.
  • #1,202
  • Nov 3, 2022 5:07pm Nov 3, 2022 5:07pm
Quoting RickM
{quote} Hi Joyny There is no other way to determine market volume other than to see the data coming from executed market order sheet. I conducted a lot of research into tick volume with a couple of my Algo buddies back in 2017 where we were attempting to build volume-based strategy's using forex brokers tick data. To be exact, we were using IC Markets data downloaded of their C Trader platform. Our results showed that tick volume was a great indicator for market ACTIVITY, it was totally useless to use as a volume indicator. Look many will say here...
Hey RICKM! Would you be open to a 1 on 1 phone call or something like that to ask questions how to trade successfully? I just need some help. thanks
  • #1,203
  • Nov 3, 2022 5:14pm Nov 3, 2022 5:14pm
Quoting RickM
{quote} Now I've calmed down, volume can help a lot but the truth is real money is made by FOLLOWING MARKET ORDERS, not regular volume delta.
RickM, to follow market orders you need to use volume delta indicator, to see which side placed more market orders, am I correct ?
  • #1,204
  • Nov 4, 2022 4:15am Nov 4, 2022 4:15am
Quoting ffpriceactio
{quote} RickM, to follow market orders you need to use volume delta indicator, to see which side placed more market orders, am I correct ?
Delta volume as seen on a histogram shows us the difference between executed market buyers and executed market sells. You would think that would make trading is as easy as 123, buy when Delta is strongly bullish or sell when Delta is strongly bearish.

I wish it was that easy - however the big players may place blocking orders to stop price. In other words all executed market orders may be bullish but price moves no where because a big player has a passive $50 million limit sell order sitting on the charts soaking up all the Buys. Therefore we get extreme Bullish delta but zero bullish movement.

I think we are smarter than to believe Delta is always showing us always a pathway. If the Delta indy is all you have, than its is still adequate in showing where price is going caused by market orders been executed on the chart.

Lets be a bit smarter and look at a footprint chart.

Here on this chart, you can see some really interesting actions. Notice the stop losses that were activated that were placed as a limit sell get converted to Market sell and move the market lower. So retail trades can actually destroy each other by trigging all stops in what we call here a cascading stop loss event.

So a footprint chart shows us groups of market orders which provides truthful directional information for us to trade off.

But, lets get even smarter

A DOM shows us each individual market order that appears on the market and provides us with the other important ingredient we need to make actuate decisions. It also shows us Market order Momentum which is vital in nailing winning trades.

Below is an old footprint chart I posted a year ago - however it shows us many clues worth understanding.

Cheers
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #1,205
  • Nov 4, 2022 12:17pm Nov 4, 2022 12:17pm
I had one trade every day this week and they were all winners, but today I lost on one of the currency pairs.
delta trading is not 100%.

then next time.
  • #1,206
  • Nov 4, 2022 12:25pm Nov 4, 2022 12:25pm
Quoting tiborf71
I had one trade every day this week and they were all winners, but today I lost on one of the currency pairs. delta trading is not 100%. then next time.
Why one trade? Why not 2 trades?
Delta of what you were trading?

Too many questions oooh.

I was trading today on 2 pairs: OP and DOGE. And made +0.47% on full auto with 0.01x leverage risk (so my risk is 1/100 of my balance).

And there were no loss day since... since I don't remember may be a year or more.
Observer effect
  • #1,207
  • Nov 4, 2022 12:31pm Nov 4, 2022 12:31pm
Quoting ryuryu
{quote} Why one trade? Why not 2 trades? Delta of what you were trading? Too many questions oooh. I was trading today on 2 pairs: OP and DOGE. And made +0.47% on full auto with 0.01x leverage risk (so my risk is 1/100 of my balance). And there were no loss day since... since I don't remember may be a year or more.
I have losses.

sometimes. but as I said, I trade on forex. and not on crypto.
  • #1,208
  • Nov 4, 2022 12:35pm Nov 4, 2022 12:35pm
Quoting tiborf71
{quote} I have losses. sometimes. but as I said, I trade on forex. and not on crypto.
I'm not interested in crypto because the costs are high.
  • #1,209
  • Nov 4, 2022 12:40pm Nov 4, 2022 12:40pm
Quoting ryuryu
{quote} Why one trade? Why not 2 trades? Delta of what you were trading? Too many questions oooh. I was trading today on 2 pairs: OP and DOGE. And made +0.47% on full auto with 0.01x leverage risk (so my risk is 1/100 of my balance). And there were no loss day since... since I don't remember may be a year or more.
then you are already a millionaire my friend.

sure.
  • #1,210
  • Edited 4:54pm Nov 4, 2022 2:26pm | Edited 4:54pm
This thread is not about stupid forex trading using drawing tools. Keep you successful trading in silence. I don't care.

If one have nothing to say or contribute about volume delta trading then better stay away of this thread. There are tons of bullshit topics around - go pick one.

P.S. We are having fun every day in my discord group:

Attached Image (click to enlarge)
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p.s. I have to add more rules here.

I have a simple task for you. Si no sabes cómo resolver este problema, no perteneces aquí.
If you don't know how to solve this task - you are not welcome here.

Task:

You have bought 100 apples and average price is 0.1234
Now price is 0.2222
How many apples you have to buy to have average price 0.1333?

If you don't know how to solve it - then go f yourself out of here and stop pretend you are a "trader". You are scammer, cheater, degen gambler, newbie or any other person, but not a trader. And I don't need you here. See ya in your demo dreams.
Observer effect
  • #1,211
  • Nov 5, 2022 10:00pm Nov 5, 2022 10:00pm
Quoting ryuryu
This thread is not about stupid forex trading using drawing tools. Keep you successful trading in silence. I don't care. If one have nothing to say or contribute about volume delta trading then better stay away of this thread. There are tons of bullshit topics around - go pick one. P.S. We are having fun every day in my discord group: {image} p.s. I have to add more rules here. I have a simple task for you. Si no sabes cómo resolver este problema, no perteneces aquí. If you don't know how to solve this task...
Unless you want a part apple (split the atom, not the apple) maybe check the calculations, 11 whole will average 0.13319099 (0.1332 to 4 decimal places will work), 0.1333 only gives a part apple.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #1,212
  • Edited 3:12am Nov 6, 2022 2:56am | Edited 3:12am
Bybit has one not good issue: their websockets stop working sometimes.

In this case I have to restart it. But how to check if it stuck?
I made it this way: check last trade. If BTCUSDT last trade was > 10 seconds ago it mean websockets not working and my server will kill the process and restart it again

Attached Image (click to enlarge)
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Why I'm posting that kind of stuff here? Because I want to say that trading is not easy and it is complicated. It is full of such a things like I have shown. It is not like "put free indicator here, put the colored line here and wait for $$$ to come". Trading is a hard job.
Observer effect
  • #1,213
  • Nov 6, 2022 12:58pm Nov 6, 2022 12:58pm
Quoting RickM
{quote} Delta volume as seen on a histogram shows us the difference between executed market buyers and executed market sells. You would think that would make trading is as easy as 123, buy when Delta is strongly bullish or sell when Delta is strongly bearish. I wish it was that easy - however the big players may place blocking orders to stop price. In other words all executed market orders may be bullish but price moves no where because a big player has a passive $50 million limit sell order sitting on the charts soaking up all the Buys. Therefore...
Up to DOM it is 100% clear to me. Thank you.
  • #1,214
  • Nov 6, 2022 7:53pm Nov 6, 2022 7:53pm
Following ft71 which i find legitimate trader - DOM : not, but some derivatives of DOM : yes.
ft71 uses bookmap, there is also jigsaw tool - 2 popular among retail.
I try to judge momentum with delta volume - which is primitive but have not reached a point to find some solution.
I trade forex because i have results. I am opened to other assets. My method of deconstructing the price does not care about the asset. The asset could be even "white hetero man" (like me) balls - does not matter.
  • #1,215
  • Nov 6, 2022 8:05pm Nov 6, 2022 8:05pm
I would like to start this bot opportunity. Having volume data would be sth new and much appreciated.
  • #1,216
  • Nov 8, 2022 11:38am Nov 8, 2022 11:38am
Sol volume is about 1,5mil$ per minute.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 56 KB

But I'll not trade it. Why? Because of its price. It is 27$. Where doge is 0.11.
Why again you asked me.

Think about it. If you don't understand why then you have to learn basic math first.

That's what I'm taking about here. Everything matter. When I see scam traders drawing treir fancy lines and talking with pocket faces that volume is not important I just smile. Because even the price of the asset matter. Distance matter (btw have you even seen 1.5% ATR on 1m on forex?). Volume matter.
Observer effect
  • #1,218
  • Nov 9, 2022 6:35am Nov 9, 2022 6:35am
I have created API with real-time volume and distance data:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB

How it work? I have script on the server that record all the trades from bybit data stream. Calculate everything and save to the database.
Then we have a table with all the data we need.

But what if you want to add volume checks to your bot? You can create all the code and logic yourself or you can can use API with the data already calculated and prepared for you. It generates JSON file with the data and you can easy use it in you algo trading.

It will give you data:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB

Now you can see asset, volume and distance.


Stray green!
Observer effect
  • #1,219
  • Nov 9, 2022 4:52pm Nov 9, 2022 4:52pm
Quoting RickM
{quote} Hi Bigballer How do I put it all together? I am a scalper of liquidity where I am looking to enter a trade shortly after an imbalance on the order book as occurred. Strategy one - is for Crypto mainly, it can be used for the Dow / S&P / Nasdaq as well. This is my primary strategy. Strategy two - For Dow / S&P / Nasdaq trading WICKS and candle close when supported by Delta Strategy three - WICK Liquidity hunting ending in higher close. This one you can put your house on (include your mother outlaw) So Naked Candles, Volume indicator (that...
Hey RickM,

All of the three examples show only buy setups. Is that a coincident or do you only take long trades? Or can the "inverted logic" be applied as well? Thanks in advance!
  • #1,220
  • Nov 9, 2022 6:13pm Nov 9, 2022 6:13pm
Quoting ryuryu
Sol volume is about 1,5mil$ per minute.
So why not the column Volume(units) make a decision one instead of volume ($) ?
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