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Simple Trading Method with trader101

  • #701
  • Sep 28, 2008 3:50am Sep 28, 2008 3:50am
Quoting trendchaser
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
I am a newbie who only knows about R and S lines.Please could you let me know about your Ea signals et al?
  • #702
  • Sep 28, 2008 4:44am Sep 28, 2008 4:44am
Quoting trendchaser
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
Nice work. Will try this EA
  • #703
  • Sep 28, 2008 5:06am Sep 28, 2008 5:06am
oops, i had the sell basket coded backwards
Attached File(s)
File Type: mq4 ##########101 v1.1.mq4   17 KB | 1,085 downloads
  • #704
  • Edited 5:36pm Sep 28, 2008 6:19am | Edited 5:36pm
Hey guys, you people move at the speed of light and I'm doing my best to keep up. If this information / contribution is outdated, forgive me.

Anyway, ronzzer made a really great contribution a little ways back - a script that does the original hedge, a script that buys all 14 pairs, and a script that sells all 14 pairs in the hedge, and it even added the m's at the end of each pair for IBFX mini account holders. However, it didn't trade the 14 IBFX pairs, so if I am understanding correctly you just had to go in, change the pairs, recompile and save. Well, that's what I did.

These are the exact same files that ronzzer posted, only they are now set with the 14 IBFX pairs. Hope this helps someone somewhere to save a couple minutes of time

It's also my first attempt to post anything, so hopefully someone will find a use for them.

edit: files removed until further notice.
Do you think the karate kid knows kung-fu?
  • #705
  • Sep 28, 2008 6:22am Sep 28, 2008 6:22am
Quoting trendchaser
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
I modified the EA on post 693 so it should sort pairs in descending pips order. You will have to look at the orders routine as I see you have modified something since post 693.
Guiom
Attached File(s)
File Type: mq4 T101.mq4   21 KB | 1,105 downloads
  • #706
  • Sep 28, 2008 6:24am Sep 28, 2008 6:24am
Hi,
I understand when we have to open orders but when should we close them ? Is it at our own discretion ?
  • #707
  • Sep 28, 2008 6:38am Sep 28, 2008 6:38am
HOLD ON a bit guys,
Im catching my breath here, That whats happend if your getting old with no exercise except the fingers....

TC..can you explain to me like im a 5 years old the EA you just posted? is it for the IA or to be used by the TA, Im a bit concern that it might be different from basic method , maybe with your explanation, i will be clarified.

To all
Dont just grab anything posted here, if you notice something not comforming to the basic send out a clarification notice. We have been bombarded by a lot of smart and talented minds here that our average intellect had a hard time catching it up.

To all contributor,
I am not discouraging you to contribute but PLEASE understand there are newbies and average traders here even some that dont know MT4(they are using OANDa and the like and they love it). PLEASE consider them...
Thank you
Julius
T101
  • #708
  • Sep 28, 2008 7:03am Sep 28, 2008 7:03am
Well done Blue and thanks BTW, do you drive a Mini Cooper?
Quoting ddblue
Hey guys, you people move at the speed of light and I'm doing my best to keep up. If this information / contribution is outdated, forgive me.

These are the exact same files that ronzzer posted, only they are now set with the 14 IBFX pairs. Hope this helps someone somewhere to save a couple minutes of time

It's also my first attempt to post anything, so hopefully someone will find a use for them.
  • #709
  • Sep 28, 2008 8:10am Sep 28, 2008 8:10am
Quoting trendchaser
oops, i had the sell basket coded backwards
Hey TC, great work So this EA constantly checks the 7 Sells and the 7 Buys (IA account) then when does it decide to start to trade the 14 ALL at once ?? what is the TF setting for? If I run the EA on a 15M chart should I change that setting to 15? Sorry, just confused on what the specifics are with the EA and when it places trade.

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #710
  • Sep 28, 2008 9:26am Sep 28, 2008 9:26am
Talented Programmers, you guys rock!

However, I do find that your products are killing each other. people just don't know what is what and which to use.

I do recommend:

1. attach a short manual/instruction describing what it does, what it doesn't, and under what circumstances.

2. at least say this is an EA? indicator? or a script, becoz not everyone is so clear about this.

and at this point, when programmers tend to repeat each other's product, please DO NOT post more .ex4 files. I hope that it is understood that it's not so advanced/secret that a .mq4 has to be withheld.

btw, did anyone program that 40 pips stoploss in? i feel that it is an essential issue?
  • #711
  • Sep 28, 2008 9:39am Sep 28, 2008 9:39am
Quoting charvo
Talented Programmers, you guys rock!

However, I do find that your products are killing each other. people just don't know what is what and which to use.

I do recommend:

1. attach a short manual/instruction describing what it does, what it doesn't, and under what circumstances.

2. at least say this is an EA? indicator? or a script, becoz not everyone is so clear about this.

and at this point, when programmers tend to repeat each other's product, please DO NOT post more .ex4 files. I hope that it is understood that it's not so advanced/secret that a .mq4 has to be withheld.

btw, did anyone program that 40 pips stoploss in? i feel that it is an essential issue?
If we use 40 SL, will this system work ? T101 ? Will the SL get hit easily before you can even TP ? Coz T101 didnt really put in the 1st page 40 SL as part of the system
  • #712
  • Sep 28, 2008 10:19am Sep 28, 2008 10:19am
Quoting trendchaser
oops, i had the sell basket coded backwards
Yea, I saw this on your chart :-) Great work!

my question is - when I attached this EA to my chart it does not show anything (except that the EA is attached), no text, values etc. Should I wait for market to open in order to have the EA working and displaying information?

TO ALL - consider this trendchaser's EA at this point like an INDICATOR. Finito, do not confuse yourself. Trade should be disabled. Maybe later with trader101 help this will evolve towards fully operating EA. At this point we want trendchaser's EA to replace IA (Demo Account Indicator). We wnat exactly the same data from IA to be displayed ON the chart, so there is no need to keep any demo account open anymore. The benefits are great - you will be able to have IA data on your live trade account without opening any real trades.

And thanks to guiomdetalle we should be almost there - although I cannot check now how it works as on my charts I have no data displayed.

guiomdetalle - can you do the magic with the script from post # 703?

Thanks all of you!
  • #713
  • Sep 28, 2008 10:19am Sep 28, 2008 10:19am
Quoting j84
If we use 40 SL, will this system work ? T101 ? Will the SL get hit easily before you can even TP ? Coz T101 didnt really put in the 1st page 40 SL as part of the system
Dear Trader 101 did mention 40 SL a couple of times in his later posts. So guess we need him to clairify this SL issue.

Well said that SL is air, SL is water. SL is our lifeline, hoho.

And this great yet simple system to me, is a very reliable "Trend - Judge".

However, how reliable is it? ultimately, the question still remains
" when will the trend change? "
even it is 99% accurate, we still cannot survive without a SL.

As to the respected Brijon's "100% hit rate", i only want to say that it is only for him, not for anyone else that I know. I mentioned this, just want to remind some of you that it is not only entry or Take-profit so wonderful, but a reasonable SL as well. so that a great system is perfected.
  • #714
  • Sep 28, 2008 10:57am Sep 28, 2008 10:57am
hey that looks good

Quoting guiomdetalle
I modified the EA on post 693 so it should sort pairs in descending pips order. You will have to look at the orders routine as I see you have modified something since post 693.
Guiom
  • #715
  • Sep 28, 2008 11:01am Sep 28, 2008 11:01am
Quoting charvo
Dear Trader 101 did mention 40 SL a couple of times in his later posts. So guess we need him to clairify this SL issue.

Well said that SL is air, SL is water. SL is our lifeline, hoho.

And this great yet simple system to me, is a very reliable "Trend - Judge".

However, how reliable is it? ultimately, the question still remains
" when will the trend change? "
even it is 99% accurate, we still cannot survive without a SL.

As to the respected Brijon's "100% hit rate", i only want to say that it is only for him, not for anyone else that I know. I mentioned this, just want to remind some of you that it is not only entry or Take-profit so wonderful, but a reasonable SL as well. so that a great system is perfected.
Yes. Trader101 has already incorporated a 560 pips SL into the profitlock EA. It is 40 pips for each pair, and nt 40 pips for all 14 pairs. I hope that addresses the confusion.
  • #716
  • Edited 11:22am Sep 28, 2008 11:03am | Edited 11:22am
its supposed to match as if you opened 14 trades on a demo
im basically trying to move the orders you look at in demo, to the chart on your real account

so far the main sig says buy if more of the buy pairs are in positive pips than the sell pairs

what we need is to compare this to the demo trades, which i dont have

the latest version called T101, the buy sig isnt right






Quoting trader101
HOLD ON a bit guys,
Im catching my breath here, That whats happend if your getting old with no exercise except the fingers....

TC..can you explain to me like im a 5 years old the EA you just posted? is it for the IA or to be used by the TA, Im a bit concern that it might be different from basic method , maybe with your explanation, i will be clarified.

To all
Dont just grab anything posted here, if you notice something not comforming to the basic send out a clarification notice. We have been bombarded by a lot of smart and talented minds here that our average intellect had a hard time catching it up.

To all contributor,
I am not discouraging you to contribute but PLEASE understand there are newbies and average traders here even some that dont know MT4(they are using OANDa and the like and they love it). PLEASE consider them...
Thank you
Julius
T101
  • #717
  • Sep 28, 2008 11:04am Sep 28, 2008 11:04am
but 1 pair can be 0 pips, and another -80
basically hes closing with equity then, if you set a 40 pip sl on all trades, in my experience, theyl get hit

Quoting soyabean
Yes. Trader101 has already incorporated a 560 pips SL into the profitlock EA. It is 40 pips for each pair, and nt 40 pips for all 14 pairs. I hope that addresses the confusion.
  • #718
  • Sep 28, 2008 11:18am Sep 28, 2008 11:18am
Quoting soyabean
Yes. Trader101 has already incorporated a 560 pips SL into the profitlock EA. It is 40 pips for each pair, and nt 40 pips for all 14 pairs. I hope that addresses the confusion.
Sorry for my stupidity, if there is a 40 pips SL for each pair of 14, and 5~6 are losing trades, but 8~9 are winning trades, i mean, supposingly.

for example, a scenario,
you place trades of a basket (14 pairs), then you go to bed, next morning, you get up, and find on MT4, 2 or 3 pairs may have been stopped out last night, and the 10~11 pairs left are producing maybe a few hundred pips profit.

So do I simulate this scenario correctly?

If yes, then this system is more and more like the NO1 trend following system I've ever seen in my life, hoho. thanks to Trader 101! Next time I go to NY, I'll buy you a dinner.
  • #719
  • Sep 28, 2008 11:19am Sep 28, 2008 11:19am
T101,
I would like to say that this is the most interesting way to look at the forex markets I have seen. I like it enough to put what little time I have into analyze this further. And I like it enough to write an "external to MT4" windows program to do so.

As I have learned (since MetaTrader) has been available, it has always had many limitations. I have written many programs that utilize the MT historical data/real time data. I have never shared any of my programs until now. Hopefully this will make things easier, and help us learn how this strategy can benefit ALL of us.

Please keep in mind, this is going to be a long term project for me. But, with T101's permission, I would like to post my program on his thread. Since it is not an EA, I want his permission first. I do not want to hi-jack this thread with a custom windows program that may not work for all (but is my goal to work for all.) The inherent danger in doing so would be that this thread gets watered down with bug reports or technical questions which I do not want in this thread. The answer may be to start another thread.

Anyway here is a glimpse of what I'm working on...
-You can select any date in the past (for available data) as your starting reference date, and find the real-time position of all 14 pairs. No more waiting for days/weeks for a starting point to settle down.
-You can run multiple instances to compare different dates.
-Future. Simulate trading, walking forward bar-by-bar.
-Future. Real-time alerts. When does your anchor pair get dislodged?

I have an indicator that exports the required data to your MT4 files directory.

This is not what the first release will look like. This is only a structural logic display for my internal algorithms.

Carl
Attached Images
  • #720
  • Sep 28, 2008 11:32am Sep 28, 2008 11:32am
ok the version he updated, the last 7 pairs were backwards

i think i fixed that
Attached File(s)
File Type: mq4 T101 v1.1.mq4   21 KB | 1,141 downloads
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