hallo .
.i have some question about MM indecator.....

what is the differance between the murrey amth indecator in the first page & octaves indecators.....what is the murry math indecators in the first page (bMM or mMM ot MMM )....

is the octaves indecators change by changes in HI low in last 64 or 32 ...bar ...ect ..............like normal murry indecators......

No it should be 0.001525. In his book he stated the rhythm of the BP as 0/8th = 0 and 8/8th = .0244. Therefor each 1/8th is .00305. This is for fast market conditions. 1/2 that gives you .001525

Regards

sometimes it may be preferable to use the indicator and master it's application.. rather than changing the calculations........

That selection of tools that xard uses has proven to be effective and I am thinking that changing the numbers will not improve the profitability. whereas perfecting its use will do what we need.........

Quite often we want to change things when actually perfecting our use of the tools at hand will give us the profitability that we seek


INHO

The caculations are right...

sq 100/8 = 12.5/8 = 1.5625/8 = 0.1953125/8 = 0.0244140625/8 = 0.0030517578125/8 = 0.0003814697265625 * 4 = 0.00152587890625

thanx

Xard777

no one to want to help

"Perfecting the use" Well it makes a big difference in interpretation when price is at different colour lines.

Regards

Kindly let us know how are you trading using Xard's MM Octave template?

Regards,

Vasu

It is my understanding that without the most recent current versions, the indicator is flawed. I am still trying to confirm this, it appears there are tricks we need to do to interpret the results and can't be programmed until several sets of additional programming are completed to make the system a full replica of the Murrey Math Trading System (Price, time, speed lines, automatic reversal days, parallel channel lines, zones of conflict, gap movements, relative volume, square in time adjustments, polarity shift detect, etc... we currently have "price" ... sort of. Just price alone can still be traded profitably.

broken.

This is a common and a good question. Gann's system reacted to new high and new low data - everything had to be recalculated. Murrey's system, heavily based on Gann, does not require recomputing. If you think of Murrey math as a bunch of boxes where the width is time and the height is price, then you start to picture the Trading Squares. If you imagine a wall of these boxes that starts every October and continues 256 weekday trading days, then you are seeing how they are drawn out.

A new high or low may change *which* box you are in, but the boxes themselves don't move. (crossing over 1.5625 may change that - still researching/validating) The box height (price) is precalculated. If the price keeps jumping in between two boxes constantly, then the 'effective box' is half of each box.

Murrey has some little idiosyncracies I'm still studying. Strange things happen sometimes, like using a square 2 octaves tall as 4 octaves. It makes sense for the graphs, but is horribly difficult to program without clear descriptions. Currencies are *much harder* to trade with MM, I'm considering switching to MetaStock 9 and practicing with stock data first. All of the "clear descriptions" were intended for stocks. I might also use MM with MT4 on brokers that give stock data and compare my results vs Murrey and MetaStock.

Murrey's system is incredibly complex. Most trading systems have 4-20 if-then rules. Murrey would have at least 200 for a full implementation and some of the "if" parts are really hazy. I intend to implement 1 or 2 rules and then trade them profitably, slowing increasing how much of the MM Trading System I implement over time.

I'm curious how profitable is your template? It get's more complicated, you try to program some mirracles - and that's good of course, every each of us has their own way to trade

I came to Murrey thanks to this topic but i like to keep things as simple as possible. I trade pure Murrey lines + some fibos help and overall elliot waves theory + my own observations from last year (while not trading MM).

For example I trippled my ballance last week so I'd like to compare my results My daily target is 30 pips to make things cute but last week for example on monday I've made 120 pips and so on... How many pips can you squeeze daily? I trade Cable which has very nice amplitudes

PS I've lood at few main trading ideas on this forum and for me Murrey just rocks! The market doeas exactly what lines say!

Best regards and loads of pips

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Hi Hdrys,

can you post a pic of your chart where the MM lines are visible, may be H4 or daily chart??

Thanx

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