Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information
I have developed the MurreyMath ea which sells at 8/8 to 2/8 or buy at 0/8 to -2/8 is this the best place to buy and sell as the indicator shows or is their anyother logic behind this indicator i am trying to find resources as much as i can for MM to how to best use it any input Xard777 would be helpful.
I have developed the MurreyMath ea which sells at 8/8 to 2/8 or buy at 0/8 to -2/8 is this the best place to buy and sell as the indicator shows or is their anyother logic behind this indicator i am trying to find resources as much as i can for MM to how to best use it any input Xard777 would be helpful.
regards
EACAN
One of Murrey's Laws is:
If it cannot close above its MM +2/8th, it
will have to come back down and touch its MM 4/8th
This strategy I can relate to as most times it will do just that and continue further down towards the 2/8th, 1/8th & 0/8th the first time down.
That's why he says sell half your position and let the other half run
Another Law of Murrey:
If it closes, a “baby” 2/8th below MM 3/8th, then it will fall to 2/8th, 1/8th or 0/8th again backing up the previous Law.
Both these strategies work in reverse
if it cannot close below its MM -2/8th, it
will have to come back up and touch its MM 4/8th
If it closes, a "baby" 2/8th above MM 5/8th, then it will climb to 6/8th, 7/8th or 8/8th.
The MurreyMath.TimeFrame indicator that I posted earlier shows the "baby" 2/8ths as the white solid lines (the white dashed line being 4/8ths)
Can you explain the difference bewteen your indicator and Vlad? I was wondring why Vlad' was givin such a wide range. Perhaps the input had to be changed to accomidate different TFs.
Can you explain the difference bewteen your indicator and Vlad? I was wondring why Vlad' was givin such a wide range. Perhaps the input had to be changed to accomidate different TFs.
Thank you very much for your contribution
You answered your own question:-)
MM Timeframe period can be many different Hi/Lo snapshots depending on the observers outlook ie
16 bars, 32, 64, etc...also number of bars times 1, 1.5 and 2 can be used.
I just use 64 bars x 1 as my rule of thumb, also you are meant to use the CLOSE of the candle highest/lowest within your time period. (If someone knows the line of code to do this please let me know as I currently make do with the highest high and lowest low)
VladVG code is the same as I use, just diferent hi/lo's are used to decide the octave (height of the timeframe)
If you are unsure as to which timeframe to use simply use kruzel's AMM dos ver enclosed here or an excel one based on kruzel's also here.
MM Timeframe period can be many different Hi/Lo snapshots depending on the observers outlook ie
16 bars, 32, 64, etc...also number of bars times 1, 1.5 and 2 can be used.
I just use 64 bars x 1 as my rule of thumb, also you are meant to use the CLOSE of the candle highest/lowest within your time period. (If someone knows the line of code to do this please let me know as I currently make do with the highest high and lowest low)
VladVG code is the same as I use, just diferent hi/lo's are used to decide the octave (height of the timeframe)
If you are unsure as to which timeframe to use simply use kruzel's AMM dos ver enclosed here or an excel one based on kruzel's also here.
Thank you very much! I will take a look at it!
In Vlad's code he has input for Period and it is default to 1440. I assume it is a daily default. If I was to use his indicator and 15 minute chart what would be the Period paramter?
Where would be a good place to read about Murrey Math?
i've been using murrey for quite long and my opinion is, murrey is suitable in ranging market.. its like an oscilator.. so combining murrey with a lagging indicator might be worthy..
Many thank to those are very kindfull on produced the programe work properly such as DAN-MM-v2 and #MurreyMath-TimeFrame. May God bless u all.
I had download all the requirement for the MM to work properly but unfortunately I still confuse on applying the method to my trading system since I didnot had a clear picture on how it work. so if there any expert can explain a bit more and I appreciate on your hand. I had compare with the graph and spreadsheet but still confuse on Major/minor square,octave, square in time, want to reverse off.
Linear Mode
