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Simple Trading Method with trader101

  • #401
  • Edited 7:10am Sep 25, 2008 6:53am | Edited 7:10am
will the following combination work ?

(Buy/Sell)
1. GBPCHF
2. NZD/USD
3. EURGBP
4. EURJPY
5. USDJPY

(Sell/Buy)
1. GBPJPY
2. AUDUSD
3. GBPUSD
4. USDCHF
5. EURUSD



Anyone know how the default part for this system hedge each other ? I can't figure it out

1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF

8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD
  • #402
  • Sep 25, 2008 6:55am Sep 25, 2008 6:55am
Quoting EAprogrammer
3 jpgs from 0646EST, 0723EST and 0741EST.

0646EST, buy profit: +76, sell profit: -119
0723EST, buy profit: +60, sell profit: -109
0741EST, buy profit: +48, sell profit: -102

buy profit is shrinking, and sell profit is gaining and sell positions are crawling back up. SELLer market it is.

Comment?
I see you opened your IA on the 24th... this may be a short term short but if you go back to the excel spreadsheet, there is still indication of a long term long.
  • #403
  • Sep 25, 2008 7:01am Sep 25, 2008 7:01am
Trader101 is it possible that you externalize some variables
for 2ProtectAccount.ex4 ?
forexflash
  • #404
  • Sep 25, 2008 7:14am Sep 25, 2008 7:14am
Quoting EAprogrammer
3 jpgs from 0646EST, 0723EST and 0741EST.

0646EST, buy profit: +76, sell profit: -119
0723EST, buy profit: +60, sell profit: -109
0741EST, buy profit: +48, sell profit: -102

buy profit is shrinking, and sell profit is gaining and sell positions are crawling back up. SELLer market it is.

Comment?
The market has been consolidating most of the early morning. The longs are starting to rally now probably based on some of the news that good progress is being made on the $700B bailout. If you look at your tradehedge indicator, you should see the buys moving up now.
  • #405
  • Sep 25, 2008 7:15am Sep 25, 2008 7:15am
Quoting hndymann
I see you opened your IA on the 24th... this may be a short term short but if you go back to the excel spreadsheet, there is still indication of a long term long.
You might be correct, the image I upload is just my understanding of the marketing. The snap shots are within 60 minutes, which doesn't mean the whole market is heading.

The image represent my logic for this methodology and potential logic for the EA. If the snapshots are hours apart, of days apart, what will the above images represent. Thats the ultimate answer/explaination I am expecting.

If BUYs are losing ground, and SELLs profit is gaining, what does it represent? and any other indication we should pay more attension to?
If everyone believes it, it will work.
  • #406
  • Sep 25, 2008 7:16am Sep 25, 2008 7:16am
Quoting hndymann
I see you opened your IA on the 24th... this may be a short term short but if you go back to the excel spreadsheet, there is still indication of a long term long.
agree with u long term its LONG.....but we can still take the short term trades using the 2protectaccount or the other 2 close trade EAs
  • #407
  • Sep 25, 2008 7:52am Sep 25, 2008 7:52am
Guys
Closely looking to the excel spreadsheet ( from 24 Aug ) and my 14 pairs map from 1h to monthly long term was SHORT, and weekly-monthly is short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1h_monthly_101map.gif Size: 158 KB
Click to Enlarge Name: 5w.jpg Size: 344 KB
  • #408
  • Sep 25, 2008 8:03am Sep 25, 2008 8:03am
Quoting EAprogrammer
You might be correct, the image I upload is just my understanding of the marketing. The snap shots are within 60 minutes, which doesn't mean the whole market is heading.

The image represent my logic for this methodology and potential logic for the EA. If the snapshots are hours apart, of days apart, what will the above images represent. Thats the ultimate answer/explaination I am expecting.

If BUYs are losing ground, and SELLs profit is gaining, what does it represent? and any other indication we should pay more attension to?
agree with you
  • #409
  • Sep 25, 2008 8:18am Sep 25, 2008 8:18am
Quoting stanru
Guys
Closely looking to the excel spreadsheet ( from 24 Aug ) and my 14 pairs map from 1h to monthly long term was SHORT, and weekly-monthly is short
Holy moly, not to be mean or anything... how do you read all those rsi's? It looks like a quilt. Can you explain why you see SHORT in the spreadsheet and your charts?
  • #410
  • Sep 25, 2008 8:27am Sep 25, 2008 8:27am
Quoting EAprogrammer
You might be correct, the image I upload is just my understanding of the marketing. The snap shots are within 60 minutes, which doesn't mean the whole market is heading.

The image represent my logic for this methodology and potential logic for the EA. If the snapshots are hours apart, of days apart, what will the above images represent. Thats the ultimate answer/explaination I am expecting.

If BUYs are losing ground, and SELLs profit is gaining, what does it represent? and any other indication we should pay more attension to?
We are all learning here, it almost appears that it can be broken down into two different trade types... much like trading on the 1hr chart vs trading on the 4hr chart.
Using an IA from 5 weeks ago tells us a possible trend direction that might reflect thousands of pips.
Using and IA from this weeks market open might give us a trend direction for a matter of 10's to 100's of pips.
Ive been experimenting with different ideas and creating video as it happens. One main thing I have been looking at is the 5 week trend direction and only placing short term trades on the 1 week IA in that 5 week direction.
I'm not sure about other indications to pay attention to... only time watching the charts will tell.

Luke
  • #411
  • Sep 25, 2008 8:29am Sep 25, 2008 8:29am
Regarding the set of Pairs that Trader101 has so brilliantly come up with. Please note: his first thread says the pairs had to be "in balance". I prepared a spreadsheet to analyze this statement; and show 1) why the 14 pairs are in balance; 2) Another set of 11 pairs that would work; 3) a pair Set that wont' work (Shows OUT OF BALANCE and why) and 4) attached the spread sheet so you can find other combinations that should work (or not).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14 Pair Sets Evaluation.gif Size: 14 KB
Click to Enlarge Name: 11 Pair Set Evaluation.gif Size: 12 KB
Click to Enlarge Name: Out of Balance Pair Set.gif Size: 14 KB
Attached File(s)
File Type: xls Pair Evaluation.xls   45 KB | 1,694 downloads
Steven. The First (and Best) Derivative of Price is PROFIT
  • #412
  • Sep 25, 2008 8:47am Sep 25, 2008 8:47am
[quote=hndymann;2241683]Holy moly, not to be mean or anything... how do you read all those rsi's? It looks like a quilt. Can you explain why you see SHORT in the spreadsheet and your charts?[/quote

Today only spreadsheet, left only 5 hours slip, Sorry
Attached Image (click to enlarge)
Click to Enlarge Name: short1.jpg Size: 152 KB
  • #413
  • Sep 25, 2008 9:12am Sep 25, 2008 9:12am
Thank you Trader101 for sharing your method i like the logic behind this method however i have one question, in the original post you say
set1- Sells
set2-Buys

I noticed in the mIBFXHedge script for the Ibfx 14 pairs it has the set1-Buys and set2-Sells should it be the other way to sell the pairs in the set1 and buy the pairs in set2 or it does not make a difference.

OrderSend("GBPUSDm",OP_BUY, Lot,
OrderSend("EURGBPm",OP_BUY, Lot,
OrderSend("GBPJPYm",OP_BUY, Lot,
OrderSend("USDCHFm",OP_BUY, Lot,
OrderSend("NZDUSDm",OP_BUY, Lot,
OrderSend("AUDJPYm",OP_BUY, Lot,
OrderSend("EURJPYm",OP_BUY, Lot,

OrderSend("EURUSDm",OP_SELL, Lot,
OrderSend("USDJPYm",OP_SELL, Lot,
OrderSend("AUDUSDm",OP_SELL, Lot,
OrderSend("NZDJPYm",OP_SELL, Lot,
OrderSend("GBPCHFm",OP_SELL, Lot,
OrderSend("CHFJPYm",OP_SELL, Lot,
OrderSend("EURCHFm",OP_SELL, Lot,
  • #414
  • Edited 9:44am Sep 25, 2008 9:26am | Edited 9:44am
Quoting tradersyoung
Regarding the set of Pairs that Trader101 has so brilliantly come up with. Please note: his first thread says the pairs had to be "in balance". I prepared a spreadsheet to analyze this statement; and show 1) why the 14 pairs are in balance; 2) Another set of 11 pairs that would work; 3) a pair Set that wont' work (Shows OUT OF BALANCE and why) and 4) attached the spread sheet so you can find other combinations that should work (or not).
THnx !

I found the combination that will work for my broker.

Buy

EUR/CHF
GBP/JPY
EUR/USD

Sell

EUR/GBP
GBP/USD
EUR/JPY
GBP/CHF

If spread were to include it is not balance anymore ? Or spread is not that importance ? If it is odd number will it work ? How can 1 currency profit balance out 2 other pair ?
  • #415
  • Sep 25, 2008 9:28am Sep 25, 2008 9:28am
Quoting j84
THnx !

I found the combination that will work for my broker.

Buy

EUR/CHF
GBP/JPY
EUR/USD

Sell

EUR/GBP
GBP/USD
EUR/JPY
GBP/CHF
How do you figure that out? Good to know for future reference as currencies change I would like to know how to check them to see if I should change anything.
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #416
  • Sep 25, 2008 9:36am Sep 25, 2008 9:36am
Quoting matrixebiz
How do you figure that out? Good to know for future reference as currencies change I would like to know how to check them to see if I should change anything.
Thanks

Use the spreadsheet provided by tradersyoung
  • #417
  • Sep 25, 2008 9:43am Sep 25, 2008 9:43am
This is a good tool!
It saves a screen shot of your current chart in the /experts/files/ folder every starting bar. Example on a 1hr chart, a pic will be saved every hour.

Copy it in the /indicators/ folder and set it accordingly.

size_x - Screen shot width in pixels.
size_y - Screen shot height in pixels.
start_bar - Index of the first visible bar in the screen shot. If 0 value is set, the current first visible bar will be shot. If no value or negative value has been set, the end-of-chart screen shot will be produced, indent being taken into consideration.
chart_scale - Horizontal chart scale for screen shot. Can be in the range from 0 to 5. If no value or negative value has been set, the current chart scale will be used.
chart_mode - Chart displaying mode. It can take the following values: CHART_BAR (0 is a sequence of bars), CHART_CANDLE (1 is a sequence of candlesticks), CHART_LINE (2 is a close prices line). If no value or negative value has been set, the chart will be shown in its current mode.
Attached File(s)
File Type: ex4 ScreenCapture.ex4   2 KB | 1,367 downloads
forexflash
  • #418
  • Sep 25, 2008 9:46am Sep 25, 2008 9:46am
Hello All,
A little late waking up this morning then have to do some chore. A lot of pages added again meaning a lot to respond, you guys (andgals) are killing me. LOL.. Ok I hve 15 min to spare here. I will try to answer as much as possible if not all ill come back later at 1:00pm to respond the rest. So how is every ones trading?? ranging market huh...if the moves us about 1atr in a 1 hour time tf i think it is ranging. I thought last night it will trend but did not so go to sleep early. Ok let me respond to all of this.
  • #419
  • Sep 25, 2008 9:48am Sep 25, 2008 9:48am
Quoting j84
THnx !

I found the combination that will work for my broker.

Buy

EUR/CHF
GBP/JPY
EUR/USD

Sell

EUR/GBP
GBP/USD
EUR/JPY
GBP/CHF

If spread were to include it is not balance anymore ? Or spread is not that importance ? If it is odd number will it work ? How can 1 currency profit balance out 2 other pair ?
You don't need to balance the spreads since the BUY/SELL setup is for information purpose only. So do not put the above set into a REAL account.

Depends on the movment of the set would determine the movement of the market.
If everyone believes it, it will work.
  • #420
  • Sep 25, 2008 9:49am Sep 25, 2008 9:49am
Quoting hndymann
Julius,

You might want to double check your work you did to modify the spreadsheet... I think i might have found some errors. I am off to bed but i'll look into it more tomorrow.

Luke
yes, i have found some and already corrected them you cna do the same to your copy. Theis spreadsheet is pip oriented our AI is profit oriented. Sligt difference but still usable.
Julius
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