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Simple Trading Method with trader101

  • #681
  • Sep 27, 2008 8:16pm Sep 27, 2008 8:16pm
Quoting trader101
THANK YOU ..THANK YOU all
Wow, i think this thread will really be destined to be a great one. One sign is this thread noise have reached the other forums and many naysayers are now up in arms and telling this is just another breakout system..has has. renamed method. I know some of them are guesting in our thread. My only request is give this method a chance to prove itself. It is only over one week old dont kill it. Maybe you can use it in some other way. Most of all im NOT here to make scam the reader. This is given in good faith, i wont even ask for donation.

Ronz -- that is awesome work very professional.

DramaKing -- that was awesone too, however if you use this indicator written fy somebody else we should give him the credit.

Matrix..
I am trying to figure out what are you trying to tell us. If i understand you right, you want some recording of the incoming data. Ok i attached the data i collected this week ( just the Sunday one as a sample) Look at it if this the one you want and if you want the EA for this I will paste it. Also I will answer some entry question you have raise in the previous post by this attached excel file. Let me call your attention to Line 380 because that was the first short entry. As you can see the trend (last colum) was taken from the ProfitCalc data every ticks also all the bid prices of the IBFx pairs. The signal given by the Trend always comes first but i still do not trade I am waiting for a certain number in the Profit column in this case -75. That was also that jumps had been happenning. I am cleaning the other charts which i will also post to give a clearer entry idea. My macro is a bit slow cleaning this data. Is this usefull in your proposal???
Thanks
Well, your system is made up of utilizing two charts in two different platforms, One as the Indicator and One the trading account. So since EA's are usually written to work with one chart, kind of makes creating an EA for this system impossible to create. So I was trying to help any EA programmers here reading this thread trying to figure out the best way to make an EA for this system, trying to provide them with the means to have Two charts working as One feeding of the other, which I think is possible now thanks to Perky.

What I would like to see is someone create two EA's, EA1 for the IA account and EA2 for the Trade account. EA1 opening the 7BX7S trades at a specific time and outputting a text file "Time to go long.txt" or "Time to go Short.txt" once it determines the correct sequence of events to hapen accorting to your rule conditions. Then EA2 is sitting and waiting for that directional text file to be created then trade the 14 pairs according to eh text file.

Does that make sence? maybe your ProfitCalc EA can not only Comment Tradee Short but to also FILE_WRITE to a txt file and create a file that will be read by EA2 Trade account.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #682
  • Sep 27, 2008 8:32pm Sep 27, 2008 8:32pm
Quoting matrixebiz
Thanks man. So is this code reading the file and if the txt file has a 1 in it then siggy = 1?
if (siggy=="1") siggy="BUY";
Not sure how to read the code you posted.
its basically an example for coders my code is a little messy to post

you see you need to write the record from Profit calc ea
  • #683
  • Sep 27, 2008 8:43pm Sep 27, 2008 8:43pm
Quoting matrixebiz
Well, your system is made up of utilizing two charts in two different platforms, One as the Indicator and One the trading account. So since EA's are usually written to work with one chart, kind of makes creating an EA for this system impossible to create. So I was trying to help any EA programmers here reading this thread trying to figure out the best way to make an EA for this system, trying to provide them with the means to have Two charts working as One feeding of the other, which I think is possible now thanks to Perky.

What I would like to see is someone create two EA's, EA1 for the IA account and EA2 for the Trade account. EA1 opening the 7BX7S trades at a specific time and outputting a text file "Time to go long.txt" or "Time to go Short.txt" once it determines the correct sequence of events to hapen accorting to your rule conditions. Then EA2 is sitting and waiting for that directional text file to be created then trade the 14 pairs according to eh text file.

Does that make sence? maybe your ProfitCalc EA can not only Comment Tradee Short but to also FILE_WRITE to a txt file and create a file that will be read by EA2 Trade account.
The file i attached was recorded by my copy of ProfitCalc EA. I put a recording fucntion on my copy. I guess nobody was interested then in recording so i remove it in the copy i paste.
  • #684
  • Sep 27, 2008 10:34pm Sep 27, 2008 10:34pm
Unfortunately, i found it difficult to understand the excel file and to make it grab data from my mt4 account. So determining when to go long or short from the excel file (at least for me) would entail much more info on how to use this file and how to set it up.

Ideally, it would be very nice to be able to get some clear rules by looking only at the 1A account, of when to enter a trade.
I am hoping that you sharing the read only to your 1A, and giving us some info this week on when to go long or short will really help us all learn what to look for and how to do it on our own.

And yes, an ea to look at the 1A for us and tell us when to go long or short would be incredible! Heck, I would be completely fine for now just having it toss up an alert of when to enter a trade and direction. Having a fully auto EA taking trades could be down the road, but something to start with now to teach us when to enter is just fine by me.
  • #685
  • Sep 27, 2008 11:16pm Sep 27, 2008 11:16pm
Anyone here have the indicator show like this?

Example 1

SET 1
GBPUSD = DOWN
EURJPY = DOWN
EURGBP = UP
GBPCHF =DOWN
CHFJPY =UP
USDCHF =DOWN
AUDJPY =DOWN

SET2
USDJPY = UP
EURUSD = UP
EURCHF = UP
GBPJPY = DOWN
USDCAD = UP
CADJPY = DOWN
AUDUSD = UP


Example 2

USDJPY = UP
EURUSD = UP
EURCHF = UP
GBPJPY = DOWN
USDCAD = UP
CADJPY = DOWN
AUDUSD = UP
EURJPY = DOWN
GBPUSD = DOWN
EURGBP = DOWN
GBPCHF = UP
CHFJPY = UP
USDCHF = DOWN
AUDJPY = DOWN

DOWN = 50%
UP = 50%

( BUY when UP more than 50% and SELL when DOWN more than 50%. This is good when u trade all Pair.)

Example 3

All pair
Down = 50%
Up = 50%


Build based on indicators like RSI,Stochastic,stepMA,HMA etc. This will show us when a good time to BUY or SELL.
Attached Image
  • #686
  • Edited 12:58am Sep 28, 2008 12:44am | Edited 12:58am
hello every1, i started reading this thread a few hrs ago
thought id mess with it
i just put together a ea, so far it might be a good indy

what i did, was look at the close x days ago, and counted the pips to the current close

use look_back to set the days, default is 25 days

heres a screen shot

i did code in the ability to trade, by default its disabled
the trading functions are not even close to finished
so dont use this to open trades

i thought id post it to show a way of seeing the current pips without sheets or demo account

its coded to say long if long pips are greater than shorts, vice versa for shorts

il probably have a fully functional ea to test before market open
Attached Image (click to enlarge)
Click to Enlarge Name: now.gif Size: 9 KB
Attached File(s)
File Type: mq4 ##########101.mq4   9 KB | 924 downloads
  • #687
  • Sep 28, 2008 1:22am Sep 28, 2008 1:22am
Great, trendchaser! I think we have a code basis to improve now.
I took a quick look at the code and I think we have a few issues to address.

1. First of all
GBPUSDm= iClose("GBPUSDm", 1440, look_back);
is not what we want for initial price since this value would be different every 1440 period. We want it to be fixed like we open a demo trade and it's open price doesn't change. Do you agree?

2. Second. Number of long pips > short pips is not we really want for long signal. We need to remember and follow positions of 1st and 14th trades sorted by pips. Therefore we need to calculate positions rates and recognize when 14th moves up and/or 1st moves down.

I would stop right here because implementing all above is not easy task by itself.

I still salute everyone who contributing to this thread.

Orest

Quoting trendchaser
hello every1, i started reading this thread a few hrs ago
thought id mess with it
i just put together a ea, so far it might be a good indy

what i did, was look at the close x days ago, and counted the pips to the current close

use look_back to set the days, default is 25 days

heres a screen shot

i did code in the ability to trade, by default its disabled
the trading functions are not even close to finished
so dont use this to open trades

i thought id post it to show a way of seeing the current pips without sheets or demo account

its coded to say long if long pips are greater than shorts, vice versa for shorts

il probably have a fully functional ea to test before market open
  • #688
  • Sep 28, 2008 1:37am Sep 28, 2008 1:37am
i can make it so the price dont change

i might can do the 1st and 14th also, but that will take alot, il give it a shot

well, the 1st and 14th will likely toggle back and forth

after reading the first 25 pages here, i understood that the direction was more based on wrather longs or shorts had greatest power, more than the 1st and 14th trade in the basket
  • #689
  • Sep 28, 2008 1:43am Sep 28, 2008 1:43am
if the initial price is never updated, i think wel eventually be stuck in 1 direction if the market trends long enough, like say a 7 yr uptrend

wouldnt it be best to just look back a month, or optimize the distance?
  • #690
  • Sep 28, 2008 1:45am Sep 28, 2008 1:45am
Quoting trendchaser
hello every1, i started reading this thread a few hrs ago
thought id mess with it
i just put together a ea, so far it might be a good indy

what i did, was look at the close x days ago, and counted the pips to the current close

use look_back to set the days, default is 25 days

heres a screen shot

i did code in the ability to trade, by default its disabled
the trading functions are not even close to finished
so dont use this to open trades

i thought id post it to show a way of seeing the current pips without sheets or demo account

its coded to say long if long pips are greater than shorts, vice versa for shorts

il probably have a fully functional ea to test before market open
Hello to everybody.

I'm following this tread from start and need to thank trader101 for his inspiring ideas. I already adopted this IA indicator to my way of trading giving me immediately extra 100s of pips to my regular trading. I have some other killing ideas how to utilize it and will be testing it next week. Keep this good work going.

trendchaser - thanks for this indicator/EA and your effort, just one thought, can you adjust the code so the currency pairs are sorted in order of profits every tick (to keep it up-to-date as possible)? It would remove a need to keep open positions on demo account.

Also, if we can set exact day and TIME of the period we can test easily when the best time to open hedge positions is.

Thanks to all!
  • #691
  • Sep 28, 2008 1:49am Sep 28, 2008 1:49am
in the next version il use labels instead of comments, i can make them change colors then, as far as sorting them on the chart, that might just happen, thats alot of code, but if i have to use the first ant 14th trade, itl already have the code, but that wont be tonight lol

ok after re reading this, i understand ur questions better
the reason i made the ea, is so i dont have to open positions on a demo, and wait days or months to get clean statistics
in tester youl notice the pips do not update every tick, but in a live market, theyl update every new tick, on the chart the ea is on

Quoting colos7
Hello to everybody.

I'm following this tread from start and need to thank trader101 for his inspiring ideas. I already adopted this IA indicator to my way of trading giving me immediately extra 100s of pips to my regular trading. I have some other killing ideas how to utilize it and will be testing it next week. Keep this good work going.

trendchaser - thanks for this indicator/EA and your effort, just one thought, can you adjust the code so the currency pairs are sorted in order of profits every tick (to keep it up-to-date as possible)? It would remove a need to keep open positions on demo account.

Also, if we can set exact day and TIME of the period we can test easily when the best time to open hedge positions is.
i dont understand this part, as this system only opened hedges on the demo?

Thanks to all!
  • #692
  • Sep 28, 2008 2:06am Sep 28, 2008 2:06am
Quoting trendchaser
in the next version il use labels instead of comments, i can make them change colors then, as far as sorting them on the chart, that might just happen, thats alot of code, but if i have to use the first ant 14th trade, itl already have the code, but that wont be tonight lol

ok after re reading this, i understand ur questions better
the reason i made the ea, is so i dont have to open positions on a demo, and wait days or months to get clean statistics
in tester youl notice the pips do not update every tick, but in a live market, theyl update every new tick, on the chart the ea is on
With TIME I ment that when I want to see what is the pip count starting let's say 5h ago unitl now, we'll be able to do this quicly with your EA, you set up a day and then hour when EA should start counting. If the results will appear sorted on the chart and then will be changing positions in order of profits as the market moves, it would be a priceless tool. I hope you know what I mean.

Looking forward to testing your EA.
  • #693
  • Sep 28, 2008 3:05am Sep 28, 2008 3:05am
heres what i have so far, now if any1 has any ideas of how i can set 14 values in order, im all ears lol
Attached Image (click to enlarge)
Click to Enlarge Name: now.gif Size: 13 KB
Attached File(s)
File Type: mq4 ##########101.mq4   16 KB | 1,049 downloads
  • #694
  • Sep 28, 2008 3:12am Sep 28, 2008 3:12am
Nice work trendchaser... now we are talking... this is looking really slick...

are we meant to add this AE to every pair chart..

did i get that right?

Cheers
FX-seer
  • #695
  • Sep 28, 2008 3:20am Sep 28, 2008 3:20am
[quote=trader101;2245728]

Hi Julius

I attached the script 4 excell spreadsheet modified as u asked

It has weeks data only and it goes back up to 52 weeks ago.

Cheers Franco
Attached File(s)
File Type: mq4 Dsn-02_Q2Exc_MultiP-GEN_CORVOmodter.mq4   5 KB | 1,262 downloads
  • #696
  • Sep 28, 2008 3:20am Sep 28, 2008 3:20am
nah, just put it on one, doesnt matter which chart
well id put it on gj, as it gives most ticks, youl stay the most up to date, time frame doesnt matter
Quoting Fx-Seer
Nice work trendchaser... now we are talking... this is looking really slick...

are we meant to add this AE to every pair chart..

did i get that right?

Cheers
FX-seer
  • #697
  • Sep 28, 2008 3:22am Sep 28, 2008 3:22am
This is the first thread that makes me feel like a kid looking at the candy!
Big week is ahead of us.
forexflash
  • #698
  • Sep 28, 2008 3:31am Sep 28, 2008 3:31am
Awesome...

Let me see if i got this straight

this is saving us from opening a demo account and the 14 pairs at the same time... right?

ill it be possible for the EA to pop a message to BUY or to SELL a pair... it would be really handy and it will minimize confusion....

Cheers
Fx-seer

Keep up the excellent work everyone... I wish I could help writing this EA
  • #699
  • Sep 28, 2008 3:39am Sep 28, 2008 3:39am
arent we supposed to buy or sell the whole basket
im not sure i have it good enough to eliminate the demo, but thats what im trying to do
i can add alert, maybe after i know its giving the right sig
for you ppl thats been running the demo, set the ea to go back to when you started the demo, and compare the results

Quoting Fx-Seer
Awesome...

Let me see if i got this straight

this is saving us from opening a demo account and the 14 pairs at the same time... right?

ill it be possible for the EA to pop a message to BUY or to SELL a pair... it would be really handy and it will minimize confusion....

Cheers
Fx-seer

Keep up the excellent work everyone... I wish I could help writing this EA
  • #700
  • Sep 28, 2008 3:44am Sep 28, 2008 3:44am
Quoting trader101
No preference on the tp. your descretion but i normally close trade if the pair retreat 1 or 2 slots. Keep the demo running, it will become your indicator already and monitor it for the movement of the pairs. That is the reason why we have 14 pairs there. That way we can see more or less the moves of the entire currencies on that particular broker. Much better that those indicators, lines and candles but you have to observe it very closely. Eventually it will become like a road map to you and you can make your prediction where this certain pairs will go.
Cheers
T101
How long should I keep my trades running on the Demo, seeing that Capitalisation is a vital factor.Honestly I think tp is for people who are very careful and careful enough that they don't make that much from the market-Not greedy, but talking in terms of the risk to reward ratio.
Can you please enlighten me more on this your wonderful system?
already lost an account due to gross over trading.
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