Awareness Forex System with APAMI Indicator
in this thread, a fellow trader would be presenting here his author's system, showing the practical usage of the APAMI indicator (which can be described as non-lagging trend metter).
Last edited by kor4x; 02-26-2013 at 01:51 PM.
Introducing the awesome price action move indicator....
Essentially, this is a coincident price action indicator that measures trend lengths dynamically. 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.
This term 'price action' was a buzz term for a couple of years now almost like the word 'trend'. Vague 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.
All that is needed for APAMI to work correctly is a stable, uninterrupted price feed, which almost all forex, stock, and futures brokers provide free. There are a whole new world of possibilities with your trading now with this "pip ruler" indicator, especially when developing fully automated trading systems. It can give you the positive expectancy you need to trade pullbacks more successfully.
So after over 2 years of collective developments, stalls, programmers, newborns, etc, I present to you the Awesome Price Action Movement Indicator, or maybe the Amazing Price Action Movement Indicator is a better touch. You are now completely in the moment when it comes to trend detection
So the best thing to do is to watch the videos and/or download the indicator and throw it up on a few charts to get a better understanding of how to clarify market trends:
- The mt4 version (b600+). Comes with quick-start text instructions.
!APAMI_3.0_FREE_MT4.zip - The mt4 version ( b509). Comes with quick-start text instructions.
!APAMI_3.0_FREE_MT5.zip - The mt5 version. Comes with a quick-start text instructions.
APAMI_3.0_instruction_manual.zip - the full instruction manual with explanations for all inputs.
APAMI_Whitepaper_Abstract.zip - brief overview of the theorem behind how the indicator measures price movement.
All files have been scanned and pass anti-virus checks. Their is no independent call-home from any of the individual files for these free versions. This means none of the individual files will never attempt to connect to the internet.
and here is the video overview for the whitepaper:
I'll peep in and out to answer any questions you may have.
Edit: The fully automated trading system that takes APAMI to the next level is currently in pre-order/pre-licensing mode. If you are serious about treating forex as a legit business opportunity with real profits, I think it is worth the price. PM to reserve a copy or discuss the possibility of private copy service.
Edit 2: The Apami whitepaper is now been translated into: Chinese, Malay, Arabic, and Spanish. Thai, Arabic, Japanese, and Russian coming soon. I have attached some of them below. If you are interested in contributing to a translation, please contact via PM or apami email.
Update 19 Jan 2016: Apami v3.5 is now available. It is compatible with metatrader 4 b765+. Works identical to the older version, but with several enhancements:
- can backtest to see how trends would have been formed (need tick data for maximum accuracy, limited to 2 weeks)
- switch to use as an Expert Advisor to help preserve historical moves and overcome other mt4 limitations of indicators
(APAMI does not place any trades)
- simplified inputs tab
- increase accuracy on multiple, same-bar move calculations
- mouseover tooltips show the precise start and end levels for failed and completed moves.
- [Pro] Keep historical moves on chart for study
- [Pro] Longer backtest capability
- [Pro] Remove HUD or implement more advanced HUD
- [Pro] Email / Push / popup alerts when moves are completed
- [Pro] Track Up OR down trends only
- [Pro Plus] Ability to save historical moves to file and recall to chart
- [Pro Plus] breakdown and measurement of volatility across consecutive ticks
- [Pro Plus] volatility-adjusted trend moves based on consecutive ticks over a predefined distance
- [Pro Plus] store historical volatility in csv or display on chart.
- [Pro/Pro Plus] Can be ported to other charting platforms (cTrader, jForex, Multicharts, NinjaTrader, Amibroker, TradingStation etc)
Thank you for your patience. Here is an install video to get started quickly:
Download updated !APAMI_3.5_FREE_MT4.zip . (old version: !APAMI_3.0_FREE_MT4.zip)
Last edited by 4EverMaAT; 01-26-2016 at 08:15 AM.
Reason: 3.5 is compatible with mt4 b600+
This is really good work. Approach different than 100s of other indicators for MT4/MT5.
There are nonquestionable benefits of APAMI indicator. I completly agree with the benefits list you gathered and commented here:
APAMI trend definition and trading approach, combined with reasonable, risk controllable grid and even martingale system will do very well.
Interestingly APAMI concept, on searching longer interrupted moves with small retracements/corrections on the way fits well my approach to Harmonic Trading. Especially when looking at pattern CD swing. It is great harmonic patterns trading profitability enhancer.
I see couple of potential improvements, but let me spend couple of extra days with your tool before I comment on it more.
I am APAMI fan, thanks again for sharing.
Thanks for the kind comments. The idea was to keep APAMI as basic as possible in clearly defining price action in a provable fashion. And thanks again for providing the nudge to get it to the public. Maybe I would have just taken it to my grave
Originally Posted by kor4x
Such an elegant idea Jon!
Simple & effective, will play around during the weekend
Last edited by wickedwin; 02-22-2013 at 08:03 PM.
Originally Posted by kor4x
4EverMaAT, Thank you for your kindness, I will try your indi this weekend, looks great just have to learn how o use it.
Originally Posted by 4EverMaAT
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:
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
Its not about installation or implantation. The difficulty lies in finding the correct move & retracement settings.
Originally Posted by kor4x
Here we actually coming with APAMI indicator to the market geometry / harmonic trading. Verify what are the typical swings that market is moving. There are rythms in the market, in each instrument.
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)
Originally Posted by wickedwin
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.
Originally Posted by kor4x
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.
Last edited by kor4x; 10-19-2014 at 07:18 PM.