ICT Homework Thread July 6th - 11th

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Hopiplaka

My thanks go out to ICT - the life changer
Hopiplaka said:
Reflection zone 0 (200% extension) hit. Bottom CDR. 1Hour Order block in OTE zone.
Stops of yesterday before FOMC cleared.

All in all a good entry to go long @ 1.7105-1.7110
Well, it played out nicely again.
If you waited for the break1/break2 on the 5 minute, you could enter with great confidence @ 1.7110.

You can see the same pattern on the 30M now, so I think you need to watch the 1.7120/1/7125 level tomorrow for a long.

Also why I was so confident we were going to see a market reversal at the CDR bottom level during NYO: enter broker SMT divergence :) It's something I already mentioned on a few posts, but have a look what happened between Oanda and Alpari today when we touched the CDR low.
 

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sqa

Village Scribe
Hehe, Cable did end up taking both sides of that very large CDR. Little surprised it got it today.
 

sqa

Village Scribe
Let's see if this works:

"BGE at its most timely. Working on me now. Straight-line winds were strong and did our area in. Thank goodness for dry ice; TheInnerCircleTrader (@ICT_MHuddleston) "

https://twitter.com/ICT_MHuddleston/statuses/487352637977661440

ICT's power out from the storm. Good that he & family are okay.
 

AusDoc

Well-Known Member
Hopiplaka said:
Well, it played out nicely again.
If you waited for the break1/break2 on the 5 minute, you could enter with great confidence @ 1.7110.
Yep, nice work. :)

... have a look what happened between Oanda and Alpari today when we touched the CDR low.
Broker divergence as an indicator... shhhh... don't tell them we're on to them... ;)
 

TopFroxx

Well-Known Member
AusDoc said:
Broker divergence as an indicator... shhhh... don't tell them we're on to them... ;)
i made the observation quite a while ago as well. can be used a a very good entry trigger at a marked level.

does one of you coders know if it is possible to make an actual indicator that uses the feeds of two or more different brokers?
 

sqa

Village Scribe
You'd probably want to do it in one of the Trading Platforms that take separate feeds and attach to a Broker. Could be quite... interesting to pull off. But those get expensive.
 

rod178

Well-Known Member
It is possible to import feed data (or just bar data) from several brokers. Probably simplest would be to use Filewrite and Fileread. Another option would be something like Quickchannel (FX Blue / MT4i)

I suppose M5 and M15 would suffice ie realtime not required, just update every new M5 bar.
 

rod178

Well-Known Member
Quickchannel link

www.fxblue.com/appstore/app.aspx?id=9&sort=popularity



QuickChannel is a developer library for sending messages between EAs/scripts running in different instances of MT4 on the same computer (or within a single copy of MT4). Typical uses include trade duplication between different MT4 accounts, and price comparison in order to detect arbitrage opportunities.

QuickChannel can also be used to communicate between MT4 and other applications. You can use it in any programming environment which allows DLL calls. For example, you can use QuickChannel in MT5 or cTrader.

The installation package includes both 32-bit and 64-bit versions of QuickChannel. (The 64-bit version is also installed into the MQL4\Libraries directory, and you can move it from there.)

QuickChannel can deliver messages in less than 1 millisecond, without the EA/script having to run in an infinite loop or use large amounts of processor power. The log included with the example code shows sub-millisecond transfer times between the sending line of MQL4 code running in the sender example and the receiver line of MQ4 code running in the receiver example.

QuickChannel is used as the basis of the Personal Trade Copier.
 

sqa

Village Scribe
TopFroxx said:
what are these? never heard of it
ICT mentioned eSignal one time (he uses it), so I was looking up its details. He has its own feed, for Forex, from the interbank market. You attach eSignal to your broker of choice (i.e. make sure it's compatible). However, I don't know, for certain, that you could compare the multiple feeds. I don't have 3k to drop on Charting/Broker software, haha.
 

AusDoc

Well-Known Member
TopFroxx said:
i made the observation quite a while ago as well. can be used a a very good entry trigger at a marked level.

does one of you coders know if it is possible to make an actual indicator that uses the feeds of two or more different brokers?
Sounds like you've managed to see this a number of times TopFroxx. My thinking is that it is not substantive enough to warrant more than casual observation. Perhaps I would regard it as more a passing interest than a real edge worth pursuing. But that's just me.

Do you have a written trading plan that documents a proven edge that you trade consistently to achieve profitable returns? If yes, work with that, if no, work on that. In either case I very much doubt that engineering a way to exploit this broker discrepancy is capable of making a significant difference.

Stick to the basics and keep it simple. As they say, less is more.

Now...umm, if I'm wrong and Rod builds you a whizzbang application and it works a treat then hit 'em hard before they work out what's happening. Good luck :)
 

sqa

Village Scribe
Probably need to make a new Thread for the new series, but here's the first video.

http://theinnercircletrader.com/videos/went_01.mp4
 

sqa

Village Scribe
"What Every New &/Or Aspiring Forex Trader Wants To Know" is the new series title, so "WENT" for an acronym has a pretty good meaning to it, hehe.
 

AusDoc

Well-Known Member
OK, I'll squeeze this in here before it's closed....

Hey ICT, do you read this thread? How about showing us what you're made of and solve the puzzles linked below that no one seems able to crack (not even sqa ;) ).

http://fxgears.com/forum/index.php/topic,85.msg6115.html#msg6115

http://fxgears.com/forum/index.php/topic,85.msg6127.html#msg6127

Don't worry Michael and all the ICTophiles, I mean this in the nicest possible way! :)
 

Hopiplaka

My thanks go out to ICT - the life changer
AusDoc said:
OK, I'll squeeze this in here before it's closed....

Hey ICT, do you read this thread? How about showing us what you're made of and solve the puzzles linked below that no one seems able to crack (not even sqa ;) ).

http://fxgears.com/forum/index.php/topic,85.msg6115.html#msg6115

http://fxgears.com/forum/index.php/topic,85.msg6127.html#msg6127

Don't worry Michael and all the ICTophiles, I mean this in the nicest possible way! :)
Innercircletrader and Michael J HuddleStone?
 

AusDoc

Well-Known Member
Hopiplaka said:
Innercircletrader and Michael J HuddleStone?
Congratulations Hopi, you solved them!!! Well done :)

They are, of course, simple anagrams.

Post 98 = Inner Circle Trader
Post 101 = Michael J Huddlestone

Top stuff Hopi :thumbsup:
 

Hopiplaka

My thanks go out to ICT - the life changer
AusDoc said:
Congratulations Hopi, you solved them!!! Well done :)

They are, of course, simple anagrams.

Post 98 = Inner Circle Trader
Post 101 = Michael J Huddlestone

Top stuff Hopi :thumbsup:
As for the action plan: I just "see" the solution. Probably that's how ICT operates as well, he just sees trades. The hardest part is explaining what you "see" :)
 

AusDoc

Well-Known Member
A natural ability to read the market is a great talent to have. Alas, it is very rare.

ICT certainly reads markets very well but what he demonstrates is learned skill. It was hard-won by years of chart time, some trial and error and a lot of disciplined study. He has certainly made the journey from novice to expert and one could safely assume he possesses a range of talents and personal qualities that equipped him.

I would definitely not mistake this for some rare natural gift though. He may appear to just "see" trades but that isn't an accurate characterisation of what's going on. Even if he sometimes feels as though he just "sees" them, it is just the operation of learned expertise.

This is an important point and I hope people find it motivational. The fact is that if it were not the case then there would be little point in people following ICT's teaching. What he does can be learned and it can be taught.

And you Hopiplaka my friend, are well along your own journey to expertise. It is not always easy to be sufficiently self-aware to realise just how one thinks and processes data and for some who progress rapidly and possess a number of enabling skills and qualities it can be so elusive as to remain subconscious.
 

Hopiplaka

My thanks go out to ICT - the life changer
AusDoc said:
And you Hopiplaka my friend, are well along your own journey to expertise. It is not always easy to be sufficiently self-aware to realise just how one thinks and processes data and for some who progress rapidly and possess a number of enabling skills and qualities it can be so elusive as to remain subconscious.
Thanks AusDoc for your kind words. If this endeavour comes to a good end and I earn a respectable income from FX, I come over to Australia and buy you a couple of bears :)
 
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