I know there are many volume related threads here on FF, and some of them are still active.
However, I am opening this thread as a discussion area for a system idea provided by my old buddy hukam, in order to reach a completely tradeable system (auto, manual or both).
I am opening this thread under "Trading Discussion" forums as the idea is still in the analysis phase.
The system life cycle will go into 4 main phases:
1- Analysis Phase.
2- Design and Development Phase
3- Testing Phase
4- Implementation Phase
hukam a genius and generous member on FF, will be the main contributor to this thread.
I am posting here a draft of his idea as received:
Quote
we have to find low volume area on history (compare to
last 15 bar on 5min,
30 bars on 15min,
60 bars on 30min,
120 bars on 60min,
480 bars on 240min charts,
last 15 bar on 5min, we find any low voulme candle and its our target candle ( target candle open, close part is pin point in our strategy).
if candle price is down side, and 1:2 RR, then Low voulme candle (LVC) low part(open or close) + spread is our target.
if price is upside, and 1:2 or better RR, the target LVC upper part(open or close) + spread.
and this this logic applied to all tfs from 5min to 4H tfs
LVC (must be fresh from one part, either close or open should now not cover with any next candle, like fresh zone, wicks can be ignored)
second case if price go 50 pips against us.
if price when against us. its must be going to an old low voulme area
first case have to check any history on 5,15,30,240min is their any old LVC
if yes its our target
we will open new order with target OLD LVC -spread and % wise increment in lot size, so we must have profit when we close booth orders at same time.
open booth order reach in target zone we can close booth orders.
and this loop will be continue from 5-240min,
first loop will check 5min only.. then 15min and then 30min incase its required to find low voulme area.
and this loop also active when we need second hedge order to protect our exisiting order.
incase their is no old zone (then its pure some news, and second opsite order open with at 75pipsloss insted of 50pips loss)
if 75 loss - second order + first main order reach at some level booth can be closed
and main loop will be reactive again.
open source
Development done in this thread will be open source, unless indicated otherwise.
tools
Low Volume Candle Detector LVC Detector 04
download iindicator click here
Regards,
Khalil Abokwaik
compare with fibo timezone, fibo fantrend, fibo expansion & D W MN Line, recomended compare (select one) with Ob-Os, RSI, Volume better & Stochastic indicator
However, I am opening this thread as a discussion area for a system idea provided by my old buddy hukam, in order to reach a completely tradeable system (auto, manual or both).
I am opening this thread under "Trading Discussion" forums as the idea is still in the analysis phase.
The system life cycle will go into 4 main phases:
1- Analysis Phase.
2- Design and Development Phase
3- Testing Phase
4- Implementation Phase
hukam a genius and generous member on FF, will be the main contributor to this thread.
I am posting here a draft of his idea as received:
Quote
we have to find low volume area on history (compare to
last 15 bar on 5min,
30 bars on 15min,
60 bars on 30min,
120 bars on 60min,
480 bars on 240min charts,
last 15 bar on 5min, we find any low voulme candle and its our target candle ( target candle open, close part is pin point in our strategy).
if candle price is down side, and 1:2 RR, then Low voulme candle (LVC) low part(open or close) + spread is our target.
if price is upside, and 1:2 or better RR, the target LVC upper part(open or close) + spread.
and this this logic applied to all tfs from 5min to 4H tfs
LVC (must be fresh from one part, either close or open should now not cover with any next candle, like fresh zone, wicks can be ignored)
second case if price go 50 pips against us.
if price when against us. its must be going to an old low voulme area
first case have to check any history on 5,15,30,240min is their any old LVC
if yes its our target
we will open new order with target OLD LVC -spread and % wise increment in lot size, so we must have profit when we close booth orders at same time.
open booth order reach in target zone we can close booth orders.
and this loop will be continue from 5-240min,
first loop will check 5min only.. then 15min and then 30min incase its required to find low voulme area.
and this loop also active when we need second hedge order to protect our exisiting order.
incase their is no old zone (then its pure some news, and second opsite order open with at 75pipsloss insted of 50pips loss)
if 75 loss - second order + first main order reach at some level booth can be closed
and main loop will be reactive again.
open source
Development done in this thread will be open source, unless indicated otherwise.
tools
Low Volume Candle Detector LVC Detector 04
download iindicator click here
Regards,
Khalil Abokwaik
compare with fibo timezone, fibo fantrend, fibo expansion & D W MN Line, recomended compare (select one) with Ob-Os, RSI, Volume better & Stochastic indicator
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| LVC 4, daily chart |
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| Logic Fibo Ret + Exp Feat LVC for momentum |
