Here is another Live account that runs APAMI based automated system (EA).
Take a look and monitor the performance:
more on: Awareness Forex system APAMI indicator
Thursday, March 7, 2013
APAMI fully automated system (Live account #1)
Since many people look for complete and automated systems AwarenessForex came up with the APAMI Expert Advisor (APAMI fully automated system).
You can monitor the performance of the APAMI based EA here:
more on: Awareness Forex system APAMI indicator
You can monitor the performance of the APAMI based EA here:
more on: Awareness Forex system APAMI indicator
APAMI indicator moveComplete configuration
Here is a method to configure moveComplete APAMI parameter suggested by the APAMI authors.
The rule is to take the currency pair's average daily range (ADR) and divide by a number between 2-20.
The smaller the divisor number, the larger the trend you want to identify. Smaller divisor number also identify But typically, 1/3 to 1/10th the ADR is plenty for most traders.
So let's say that the EURUSD's ADR is 200.0 pips. You want to identify a medium length intraday trend. Let's try 1/6th, or 200.0/6 = 33.3 pips. You would then set the APAMI moveComplete input to 333 (33.3 pips for 5 digit broker) and observe. If you want to try a different length, either change the indicator properties settings, or open a new chart and test a new length setting with a separate instance of the indicator.
Tuesday, February 26, 2013
APAMI automated trading system
People who
want a more complete automated trading system built around APAMI indicator can
contact the APAMI author directly. He is registed on the Forum as 4EverMaAT.
4EverMaAT suggests to contact him directly regarding the
commercial version of APAMI automated trading system. This could be worth to
have a chat with the author as well.
APAMI indicator configuration recommendations
Let's gather configuration recommendations by experienced users (or APAMI author).
Q:
The difficulty lies in finding the correct move & retracement settings.
A(by Jon)
The default settings should be enough to get you started with most reputable brokers. The retracement qualifier only has to be greater than 0% in order to enforce the higher high / lower low. But I think 23.6% is a plenty for quality trend. If you want a steeper trend, you could increase this to 50%, but the failure rate will be significantly higher, especially for larger move lengths (moveComplete)
Certain pairs, like CHF pairs you may need to increase the IgnoreDistance to 1.0-3.0 pips or higher, to give more room to break out of the choppiness.
The primary focus is on the length of the move: how long of a trend do you want to measure? Well, start with this: how far do you normally expect the market to go with no pullback in-between? (not including tsunamis). 50 pips? 200 pips? 400 pips? Maybe you could measure half or a 1/3rd of that expected range and then see what happens after the measurement is complete.
--------------------------------------------------------------------------------------
Q:
I think it's easy to use the indicator (especially after watching the APAMI video 4EverMaAT prepared). It's more difficult to build a valid strategies around it. I hope 4EverMaAT will share some ideas with us soon.
I see a potential to use this indicator together with grid system ideas presented here:
A (by Jon):
There is no one right or wrong way to enter or exit. It is important that it be completely systematic (mechanical). I recommend using a tradecycle approach to help you guarantee 100% mechanical implementation. With a mechanical approach, you can then focus, test, and optimize the parts you have control over (mainly position sizing and exits), and give up trying to force the market to go where you want it to.
I trade pullbacks, and so I use a reverse grid to cover the trend as long as I have to achieve a net profit, break even, or small loss. The net profits > the losses over repetitions.
Again, we need to break out of this predictive model mindset where we attempt to force very low drawdowns and unlimited profits expectations on the market. As you do more and more tradecycles (repetitions), the risk decreases. In a similar way in factory production, the cost per unit decreases the more units you produce with the same net costs.
I will probably write another article addressing this, but I think for now it is good idea for people to read the original turtle trading strategy. It's too bad that other vendors have hijacked their original domain name, linked to their commercial product, and removed the original turtle rules pdf. Start with the intro and first chapter; that will give you more insight as to mechanical trading strategies.
Note my strategy is not directly a turtle trading strategy, but the fundamentals of a complete and honest strategy are in the pdf and i think it is worth looking at.There is no one right or wrong way to enter or exit. It is important that it be completely systematic (mechanical). I recommend using a tradecycle approach to help you guarantee 100% mechanical implementation. With a mechanical approach, you can then focus, test, and optimize the parts you have control over (mainly position sizing and exits), and give up trying to force the market to go where you want it to.
I trade pullbacks, and so I use a reverse grid to cover the trend as long as I have to achieve a net profit, break even, or small loss. The net profits > the losses over repetitions.
Again, we need to break out of this predictive model mindset where we attempt to force very low drawdowns and unlimited profits expectations on the market. As you do more and more tradecycles (repetitions), the risk decreases. In a similar way in factory production, the cost per unit decreases the more units you produce with the same net costs.
I will probably write another article addressing this, but I think for now it is good idea for people to read the original turtle trading strategy. It's too bad that other vendors have hijacked their original domain name, linked to their commercial product, and removed the original turtle rules pdf. Start with the intro and first chapter; that will give you more insight as to mechanical trading strategies.
Note my strategy is not directly a turtle trading strategy, but the fundamentals of a complete and honest strategy are in the pdf (link to PDF) and i think it is worth looking at.
------------------------------------------------------------------
Q:
Is there any who uploaded and made profit by this indi
A (by kor4x):
yes, I know how to make $$$ with this indicator, but I cannot say that I made money only due to this indi. This would not be exactly true. There are no indicators that just are giving you money, indicators are just tools, helpful or useless tools. Any tool, if mastered properly is giving you an edge. AMP or korHarmonics indicator can scan me the charts to fine harmonic patterns and potential trades. But if i have no skill to trade harmonics, I will not benefit from AMP or korHarmonics. Simple.
APAMI tool is very helpful, but one need an understanding and skill to use it.
Q:
The difficulty lies in finding the correct move & retracement settings.
A(by Jon)
The default settings should be enough to get you started with most reputable brokers. The retracement qualifier only has to be greater than 0% in order to enforce the higher high / lower low. But I think 23.6% is a plenty for quality trend. If you want a steeper trend, you could increase this to 50%, but the failure rate will be significantly higher, especially for larger move lengths (moveComplete)
Certain pairs, like CHF pairs you may need to increase the IgnoreDistance to 1.0-3.0 pips or higher, to give more room to break out of the choppiness.
The primary focus is on the length of the move: how long of a trend do you want to measure? Well, start with this: how far do you normally expect the market to go with no pullback in-between? (not including tsunamis). 50 pips? 200 pips? 400 pips? Maybe you could measure half or a 1/3rd of that expected range and then see what happens after the measurement is complete.
--------------------------------------------------------------------------------------
Q:
I think it's easy to use the indicator (especially after watching the APAMI video 4EverMaAT prepared). It's more difficult to build a valid strategies around it. I hope 4EverMaAT will share some ideas with us soon.
I see a potential to use this indicator together with grid system ideas presented here:
A (by Jon):
There is no one right or wrong way to enter or exit. It is important that it be completely systematic (mechanical). I recommend using a tradecycle approach to help you guarantee 100% mechanical implementation. With a mechanical approach, you can then focus, test, and optimize the parts you have control over (mainly position sizing and exits), and give up trying to force the market to go where you want it to.
I trade pullbacks, and so I use a reverse grid to cover the trend as long as I have to achieve a net profit, break even, or small loss. The net profits > the losses over repetitions.
Again, we need to break out of this predictive model mindset where we attempt to force very low drawdowns and unlimited profits expectations on the market. As you do more and more tradecycles (repetitions), the risk decreases. In a similar way in factory production, the cost per unit decreases the more units you produce with the same net costs.
I will probably write another article addressing this, but I think for now it is good idea for people to read the original turtle trading strategy. It's too bad that other vendors have hijacked their original domain name, linked to their commercial product, and removed the original turtle rules pdf. Start with the intro and first chapter; that will give you more insight as to mechanical trading strategies.
Note my strategy is not directly a turtle trading strategy, but the fundamentals of a complete and honest strategy are in the pdf and i think it is worth looking at.There is no one right or wrong way to enter or exit. It is important that it be completely systematic (mechanical). I recommend using a tradecycle approach to help you guarantee 100% mechanical implementation. With a mechanical approach, you can then focus, test, and optimize the parts you have control over (mainly position sizing and exits), and give up trying to force the market to go where you want it to.
I trade pullbacks, and so I use a reverse grid to cover the trend as long as I have to achieve a net profit, break even, or small loss. The net profits > the losses over repetitions.
Again, we need to break out of this predictive model mindset where we attempt to force very low drawdowns and unlimited profits expectations on the market. As you do more and more tradecycles (repetitions), the risk decreases. In a similar way in factory production, the cost per unit decreases the more units you produce with the same net costs.
I will probably write another article addressing this, but I think for now it is good idea for people to read the original turtle trading strategy. It's too bad that other vendors have hijacked their original domain name, linked to their commercial product, and removed the original turtle rules pdf. Start with the intro and first chapter; that will give you more insight as to mechanical trading strategies.
Note my strategy is not directly a turtle trading strategy, but the fundamentals of a complete and honest strategy are in the pdf (link to PDF) and i think it is worth looking at.
------------------------------------------------------------------
Q:
Is there any who uploaded and made profit by this indi
A (by kor4x):
yes, I know how to make $$$ with this indicator, but I cannot say that I made money only due to this indi. This would not be exactly true. There are no indicators that just are giving you money, indicators are just tools, helpful or useless tools. Any tool, if mastered properly is giving you an edge. AMP or korHarmonics indicator can scan me the charts to fine harmonic patterns and potential trades. But if i have no skill to trade harmonics, I will not benefit from AMP or korHarmonics. Simple.
APAMI tool is very helpful, but one need an understanding and skill to use it.
Disadvantages of APAMI indicator
Here is the list of potential disadvantages, or lets call the future features of APAMI indicator:
The difficulty in finding the correct move & retracement settings (probably different for each instrument)
Optimized settings, different per each instrument.
The default settings should be enough to get you started, but require optimization for profitable use.
The difficulty in finding the correct move & retracement settings (probably different for each instrument)
Optimized settings, different per each instrument.
The default settings should be enough to get you started, but require optimization for profitable use.
APAMI and Grid trading strategies
APAMI indicator can be used together with Grid based systems.
Couple of such grid system system ideas are presented here:
Harmonic grid trading system - Volcano setup
Expert4x grid hedged trading EA
Harmonic martingale entries system
Harmonic grid trading system - Directional profits
Harmonic grid trading system - Reversed martingale
Sunday, February 24, 2013
APAMI indicator free download
APAMI indicator free download is available for you at this link:http://tradingarsenal.com/trading-systems/532-awareness-forex-system-apami-indicator.html
APAMI indicator installation manual
APAMI indicator installation manual. It's super simple. 6 steps. Duration: 1-2 minutes.
Step1
Step2
Step8
Note these were the default parameters. You can change them of course.
Step1
Get the APAMI files ( LINK to download APAMI indicator ),
I use MT4, so I take !APAMI_3.0_FREE_MT4.zip
Step2
Extract ex4 file to C:\Program
Files\FxPro - MetaTrader 4\experts\indicators
Step3
Step3
Extract dll file to C:\Program
Files\FxPro - MetaTrader 4\experts\libraries
Step4
Step4
Restart MT4
Step5
Step5
Insert APAMI indicator on the chart.
Step6
Wait some seconds. APAMI needs to collect and process some data before appears on the chart.
Your chart should look like this.
Step7
Change timeframe. Again wait some seconds, as APAMI is recalculating. You will see APAMI working.
Step6
Wait some seconds. APAMI needs to collect and process some data before appears on the chart.
Your chart should look like this.
 |
| APAMI indicator on GBPUSD chart |
Change timeframe. Again wait some seconds, as APAMI is recalculating. You will see APAMI working.
 |
| APAMI indicator after changing timeframe |
Step8
Note these were the default parameters. You can change them of course.
APAMI indicator overview
Basically, you tell the indicator how long of a trend you want to measure, and like a ruler that measures inches or centimeters, APAMI will measure the pips between two points. This method of choosing price action allows the user to finally retire all those [worthless] lagging indicators and focus on the one thing that matters most: clearly-defined price action.
John say's: "This term 'price action' was a buzz term for a couple of years now almost like the word 'trend'. Vauge definitions like "a series of higher highs and higher lows" made traders more confused as to exactly how to interpret a trend. So a bunch of predictive models emerged, attempting to guess where prices were going next. Or those who would measure a "real" trend did so with tools like zigzag or fibonacci retracement, which can only be done in hindsight after the supposed trend occurred."
"The idea is to keep APAMI as basic as possible in clearly defining price action in a provable fashion."
APAMI indicator overview Video:
It is FREE. Download APAMI and try by yourself.
Link to download APAMI -> http://tradingarsenal.com/trading-systems/532-awareness-forex-system-apami-indicator.html
John say's: "This term 'price action' was a buzz term for a couple of years now almost like the word 'trend'. Vauge definitions like "a series of higher highs and higher lows" made traders more confused as to exactly how to interpret a trend. So a bunch of predictive models emerged, attempting to guess where prices were going next. Or those who would measure a "real" trend did so with tools like zigzag or fibonacci retracement, which can only be done in hindsight after the supposed trend occurred."
"The idea is to keep APAMI as basic as possible in clearly defining price action in a provable fashion."
APAMI indicator overview Video:
It is FREE. Download APAMI and try by yourself.
Link to download APAMI -> http://tradingarsenal.com/trading-systems/532-awareness-forex-system-apami-indicator.html
What is APAMI indicator?
APAMI (Awesome Price Action Movement Indicator) is price action MT4 / MT5 indicator that measures trend lengths dynamically. Very helpful to detect trend, and what's more important APAMI does it automatically and in real-time. Non repainting. No lagging.
Example of APAMI indicator on the USDCHF chart:
It is FREE. Download APAMI and try by yourself.
Link to download APAMI -> http://tradingarsenal.com/trading-systems/532-awareness-forex-system-apami-indicator.html
Example of APAMI indicator on the USDCHF chart:
 |
| APAMI indicator |
It is FREE. Download APAMI and try by yourself.
Link to download APAMI -> http://tradingarsenal.com/trading-systems/532-awareness-forex-system-apami-indicator.html
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