In 1999, Martin Cole created and first documented the market maker method of trading financial markets. The method consists of three market phases: Accumulation, Manipulation, and Distribution ADM (The distribution phase is also knows as the profit release phase). The method revealed how market makers and large instutions engineer price movements through the three repeating phases. Today, dozens of platforms teach AMD. But only PAT was created by the original source.
Martin Cole began professional trading in 1995. By 1999, he created and first documented the market maker method of trading financial markets. The method consists of three market phases: Accumulation, Manipulation, and Distribution ADM (The distribution phase is also knows as the profit release phase). The method revealed how market makers and large instutions engineer price movements through the three repeating phases.
In 1999, this framework was featured as a 4-page spread in Futures & Options World magazine, showcasing Martin's ability to predict market moves "better than eight times out of ten." This was the first public documentation of the AMD framework—26 years ago.
The Original Term: Profit Release
Martin Cole begins trading professionally, studying market maker behavior and price engineering.
The AMD framework (Accumulation, Manipulation, Distribution/Profit Release) is created and featured as a 4-page spread in Futures & Options World magazine.
"Trading For A Bright Future: Trading Beliefs For Trading Profits" (179 pages) documents the Market Makers Method in detail.
ISBN: 978-0954048303 | Home Gate Publications
First YouTube video published: "How to not lose money in forex. Trade the market maker strategy." Video description identifies Martin as "the originator."
Inner Circle Trader (ICT) begins teaching AMD concepts publicly, eventually popularizing them worldwide.
40+ videos published on "Learning To Trade The Market Makers Method" channel, teaching AMD framework in detail.
"How the market makers extract millions of dollars a day & How to grab your share" — available on Amazon.
Professional Activity Tracker (PAT) launches on TradingView—the original AMD indicator, created by the person who invented AMD 25 years earlier.
Dozens of platforms teach AMD. ICT has 100k+ followers. LuxAlgo and others offer "AMD indicators." But only PAT was created by the original source.
Category Reclamation
The AMD framework's 1999 origin is provable:
In 2010, ICT (Inner Circle Trader) began teaching AMD publicly. He explained it brilliantly, built a massive following, and popularized the framework worldwide. ICT deserves immense credit for spreading AMD to hundreds of thousands of traders.
But here's what happened: as AMD spread, the origin story got lost. New traders learned AMD from ICT or his students. They assumed ICT created it. Platforms built "AMD indicators" without knowing the original source. The framework became generic.
That's what we're reclaiming.
Our Positioning with ICT
There are many "AMD indicators" on TradingView today. LuxAlgo offers one. Various developers have built their interpretations. But only PAT was created by the person who invented AMD in 1999.
PAT isn't an interpretation of AMD. It's the original framework made visual:
Framework + Tool = Both from Martin Cole.
Martin Cole has been a professional trader since 1995—30 years of trading markets. He created the AMD framework in 1999 after studying how market makers engineer price movements through repeating cycles.
His first book, "Trading For A Bright Future" (2001), documented the Market Makers Method and introduced traders to structured, belief-based trading. His second book, "How the market makers extract millions of dollars a day" (2017), expanded on professional techniques for reading market structure.
In 2024, Martin launched PAT (Professional Activity Tracker) on TradingView—not as a new indicator, but as the visual implementation of the framework he created 25 years earlier.
Now that you know the origin story, dive into the framework itself:

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