Indicators development for T101's not very simple method | Page 57 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Simple System By T101 - My Thought 18 replies

Continuation of T101 method discussions 24 replies

My first attempt at T101's basket method... 2 replies

Attachments: Indicators development for T101's not very simple method
Exit Attachments

Indicators development for T101's not very simple method

  • #1,121
  • Edited 1:17am Feb 17, 2010 1:01am | Edited 1:17am
hello Orest and everybody,
How are things going?
I have been too busy last week.
I did take this basket trade this morning at 8:00 GMT, but unfortunately closed it at 16:00 half way to the top. 200 pips for 5 pairs. That's OK.
Now it's still in long position but lingering...


hazelj80,
first week of February, there was definitely a dramatic change of trend.
But what about the week before? There was good trades to take with many change of trend but it look like the basket didn't react properly in term of pair position and anchors. Did you experience that?
Schmurex
  • #1,122
  • Feb 17, 2010 2:55am Feb 17, 2010 2:55am
I'am BUY from 1 hr ago too.Will keep position minimum 1000p.
  • #1,123
  • Feb 17, 2010 3:23am Feb 17, 2010 3:23am
Quoting schmurex
hello Orest and everybody,
How are things going?
I have been too busy last week.
I did take this basket trade this morning at 8:00 GMT, but unfortunately closed it at 16:00 half way to the top. 200 pips for 5 pairs. That's OK.
Now it's still in long position but lingering...


hazelj80,
first week of February, there was definitely a dramatic change of trend.
But what about the week before? There was good trades to take with many change of trend but it look like the basket didn't react properly in term of pair position and anchors. Did you experience...
i don't have enough history in my m15 to look at it. I just know that if it does not go over +100, i will not even basket trade the market. that's what will dictate a strong trend to me. Anything under that, and the market is just sideways and the profitlock EA wont even activate. this is what i have observed and why i want the dashboard fixed, its like the excel sheet but as an mt4 indicator. the math is completely off in the individual currency total columns and zznbrm is too busy to fix it right now.
  • #1,124
  • Feb 17, 2010 3:52am Feb 17, 2010 3:52am
Quoting hazelj80
i don't have enough history in my m15 to look at it. I just know that if it does not go over +100, i will not even basket trade the market. that's what will dictate a strong trend to me. Anything under that, and the market is just sideways and the profitlock EA wont even activate. this is what i have observed and why i want the dashboard fixed, its like the excel sheet but as an mt4 indicator. the math is completely off in the individual currency total columns and zznbrm is too busy to fix it right now.
Just have a look in H1.
There was 2 peaks and 2 valleys of about 1500pips according to T101BuyAllPairsIndi.
Even though it looks big enough, the weekly basket didn't seem to react correctly.
  • #1,125
  • Feb 17, 2010 4:01am Feb 17, 2010 4:01am
yep, i would have bought once on the 25th around 07:00GMT and sold one time on the 26 around 06-9 GMT. then there was a false buy signal that i would have hopped out of because the sells took control and it went way below +100 closer towards just what you were paying in spread for the IA. then that's a small loss. then i would have sold again.

tough week but that's how I would have played it and yes that was about a 1500 pip week.

P.S i don't use that indicator at all so i am looking at this a little differently
  • #1,126
  • Feb 17, 2010 4:38am Feb 17, 2010 4:38am
Quoting hazelj80
yep, i would have bought once on the 25th around 07:00GMT and sold one time on the 26 around 06-9 GMT. then there was a false buy signal that i would have hopped out of because the sells took control and it went way below +100 closer towards just what you were paying in spread for the IA. then that's a small loss. then i would have sold again.

tough week but that's how I would have played it and yes that was about a 1500 pip week.

P.S i don't use that indicator at all so i am looking at this a little differently
What do you look at to see that? I use my own indicator and for what I can see the first buy had a clear signal, then the sell didn't take over the top anchor before the 26 at 10:00, that was quite late for a sell and after that they kept the top position along almost all the ascent and all the buys and sells were mixed up untill well into the next decline. I would have thought that 1500 pips are enough for the basket to react correctly.
I think it's worth analyzing why since the week after, the basket reacted on a dime to the fall.
If we can focus just on these 2 weeks and sort out what happened, we would be well on our way to know when to follow this method and when to stay away.
  • #1,127
  • Feb 17, 2010 4:53am Feb 17, 2010 4:53am
hi disbellj, i love your backtest indicator that can help to determine without spend too much time, i'm here try to request that is it instead that we can be move the end time, we can be move the start time then it will be more flexible?
2, is it possible that we can be modified the pair manually of this backtest then i can test new method that using less pair please? Thanks
Regards:
Titan
  • #1,128
  • Edited 10:06am Feb 17, 2010 9:55am | Edited 10:06am
I am using disbellj T101 bysvssells indicator. i can see anything back in time on a graph. ifbuyall or ifsellall is above +100, i will take the trade. I do look at which side is ruling the top half when that happens but obviously if you're at +100 or more, you know who has the control. if for any reason it falls back below AND the ifbuyall and iffsellall lines cross, i'm out, no matter what. but i use it on 15 min or 30 minute charts. the indicator is limited to what i really want to do but it's the best known public indicator so far. what we need is an indicator for mt4 like ramrocket over at TSD has. he has the best indicator so far:

http://www.forex-tsd.com/suggestions...system-16.html

crodzilla almost has something like it but spread is not included but it needs to be and i need email alerts, my VPS does not have sound on it at all.

and i only use dollar amount and not pips.
  • #1,129
  • Feb 17, 2010 3:10pm Feb 17, 2010 3:10pm
Titan,

StartWeeksBack makes the start time moveable. DoBackTestAutomatic or DoBackTestManual make the end time moveable. So you have everything you need, except history. And I uploaded ALL MetaQuotes history, and provided a link, so that anyone can use it, and all they have to do is follow the instructions to recalculate all timeframes from that .hst data (that would be in downloads folder).

If you choose DoBackTestManual, then a green vertical line will show on screen at the start time (actually there are two lines - a red one and a green one - but you only see the green one initially). Drag those lines, making sure green is always before red, and right-click on chart and choose Refresh.

As far as what pairs to trade, if you go open the indicator in MetaEditor, in init() function (near top of indicator), you will see the pair names. If you want to take out a pair, then simply change it from e.g. "CADJPY" to "" (nothing except two quotation marks), and it will not be taken into account in any calculations. Save the indicator as a new name and compile. You will then be able to see it in MT4 when MT4 is relaunched.

BTW, although I haven't released my MasterIA BuysVsSells indicator, I do have it done. Using all MetaQuotes history, I can say that if trading non-IBFX pairs, don't use a date earlier than 10-31-2007 as your startdate, because CADJPY doesn't have any history older than this date. This is why I removed CADJPY (like I told you above), and can test all other non-IBFX pairs as a basket going back to 2000.

Regards,

Don


Quoting xptitan
hi disbellj, i love your backtest indicator that can help to determine without spend too much time, i'm here try to request that is it instead that we can be move the end time, we can be move the start time then it will be more flexible?
2, is it possible that we can be modified the pair manually of this backtest then i can test new method that using less pair please? Thanks
Regards:
Titan
  • #1,130
  • Feb 18, 2010 12:24am Feb 18, 2010 12:24am
Quoting hazelj80
I am using disbellj T101 bysvssells indicator....
Nice and simple system.
How do you manage your trade once in?
do you trail it with a TS?
I had a look to the link you provided, it look like it uses a 200 pips TS starting to secure 50 pips and then a 100 pips increment (or maybe dollars)...
By the way what does this system do that you can't do with Orest's?
Thanks
  • #1,131
  • Feb 18, 2010 1:35pm Feb 18, 2010 1:35pm
well, like i said, i dont have everything with this indicator. that's why i missed 2 good trades this week. So instead of just 600 pips I should have had closer to 1800 right now or more.

The Orest indicator can do more but the problem is, it does a little too much. It's almost like trying to jump on a moving train, or at least the 1st versions were. Most of the guys you see having successful trades are using very simple excel sheets, including Julius, limstylz and tallman. although this new version looks closer to an excel sheet than the previous version the best version or variation of the indicator is what zznbrm made over a yr ago. that's is as close to an excel sheet as you can get. no adx values, just what the pairs are doing and P/L in pips or dollars, although we should all be using dollars for a good reason. and what the individual currencies are doing and their totals. but the totals are incorrect like i said before and he is too busy to fix that right now so i don't know what I'm going to do about that at this point.

I use the profitlock EA and it is in dollars that's the way Julius intended to use this and i see why he does and has figured out everything in dollar amounts
  • #1,132
  • Feb 18, 2010 3:25pm Feb 18, 2010 3:25pm
http://cdn.forexfactory.com/attachme...1&d=1224006226

so this is what i am talking about

So looking at this picture above at the sells in the newest column

The aud/usd sell is +145 pips then we add +145 to the USD red total on the and -145 to the AUD red total
The eur/usd sell is +68 pips so we add +68 pips to the USD red total and -68 to the EUR red total
The usd/jpy sell is +52 pips so we subtract -52 to the USD red total on the sells and -52 to the JPY red total


now we look at the buys


the usd/chf is up +50 pips so add +50 to the green USD total and -50 to the CHF green total
the nzd/usd is down -85 pips so take away -85 to the green NZD total and add +50 to the green USD total
the gbp/usd is down -136 pips so take away -136 from the green USD total and +136 to the green USD total

Basically, the indicator is backwards, following me so far?

forex101 - you by the base and sell the cross but that's reversed when you sell the base and buy the cross on a sell

if those were all doing the opposite then everything I said would be reversed

who can fix this indicator? somebody! anybody! help me out here. The dollar amounts don't work correct either and that's really important
Attached File(s)
File Type: mq4 T101_dashboard_v1.0.mq4   24 KB | 551 downloads
  • #1,133
  • Feb 18, 2010 3:32pm Feb 18, 2010 3:32pm
Quoting hazelj80
who can fix this indicator? somebody! anybody! help me out here and I'll tell what to look at to the person who helps me. this IS the indicator to use.
I'll take a look.
  • #1,134
  • Feb 18, 2010 3:37pm Feb 18, 2010 3:37pm
alright cool.. I'll tell you what to do after that
  • #1,135
  • Feb 18, 2010 3:40pm Feb 18, 2010 3:40pm
Quoting hazelj80
The aud/usd sell is +145 pips then we add +145 to the USD red total on the and -145 to the AUD red total
The eur/usd sell is +68 pips so we add +68 pips to the USD red total and -68 to the EUR red total
The usd/jpy sell is +52 pips so we subtract -52 to the USD red total on the sells and -52 to the JPY red total

the usd/chf is up +50 pips so add +50 to the green USD total and -50 to the CHF green total
the nzd/usd is down -85 pips so take away -85 to the green NZD total and add +50 to the...
So, in your example above, the USD sells total to +161 (145+68-52) and the USD buys total to 271 (50+85+136).

What should the totals be for USD in this example?
  • #1,136
  • Feb 18, 2010 3:56pm Feb 18, 2010 3:56pm
Quoting hazelj80
well, like i said,...
Profitlock EA: do you mean 2protectAccount, which expired in 2009 or is there another one?
Thanks
  • #1,137
  • Feb 18, 2010 4:18pm Feb 18, 2010 4:18pm
now that i take a look at it, everything does seem correct. but i guess what i need is for the "m" to be taken out since i do not use IBFX or make a suffix parameter. i think that's where my problem is and when i use 5 digit accounts. this has came up before so that's what's really all that's wrong with it. nothing serious. I think because when don tried to modify it for the original pairs we use, it had very different readings.

but if you could change that to where I don't have to always use IBFX mini account and to where it just adds the JPY totals, USD total and others total, that would be a lot better. but with dollar amounts instead:

http://cdn.forexfactory.com/attachme...4&d=1223937742

the other individual totals arent really needed. so you could make it look like this picture you had here

another thing is i don't use the universal pairs so that could be another thing. oh and yes the dollar amounts are off a little
  • #1,138
  • Feb 18, 2010 4:58pm Feb 18, 2010 4:58pm
Quoting schmurex
Profitlock EA: do you mean 2protectAccount, which expired in 2009 or is there another one?
Thanks
I think the profitlock still works in the orginal thread.
http://www.forexfactory.com/showthread.php?t=107119
  • #1,139
  • Feb 18, 2010 5:11pm Feb 18, 2010 5:11pm
hazelj80,

I fixed the pairs so that that dashboard indicator would show non-IBFX pairs as well as IBFX pairs. I probably messed up the way the indicator shows individual currencies by only changing the part I understood. It will take someone that can understand the code to be able to change the parts below the 14 pairs so that they will be correct. But slots 1-14 and also the total at bottom look to be correct to me.

Regards,

Don


Quoting hazelj80
i don't have enough history in my m15 to look at it. I just know that if it does not go over +100, i will not even basket trade the market. that's what will dictate a strong trend to me. Anything under that, and the market is just sideways and the profitlock EA wont even activate. this is what i have observed and why i want the dashboard fixed, its like the excel sheet but as an mt4 indicator. the math is completely off in the individual currency total columns and zznbrm is too busy to fix it right now.
  • #1,140
  • Feb 18, 2010 5:17pm Feb 18, 2010 5:17pm
Quoting disbellj
hazelj80,

I fixed the pairs so that that dashboard indicator would show non-IBFX pairs as well as IBFX pairs. I probably messed up the way the indicator shows individual currencies by only changing the part I understood. It will take someone that can understand the code to be able to change the parts below the 14 pairs so that they will be correct. But slots 1-14 and also the total at bottom look to be correct to me.

Regards,

Don
thanks alot don zznbrm said he'd take a look at that part and get it to like the last picture I referenced to. then from there we can use it accordinagly and make a couple of alerts for when either of the USD, JPY or others totals is above +100 on candle close on either the buy or sell side
0 traders viewing now