Simple Trading Method with trader101

Quoting trendchaser

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i never did sleep last night, and i worked today, before i sleep id like to give a update

i suggest you just ignore the sig, and usethe 14 pairs as a indicator
iv basically put everything in 1 place

the equity trails
if at any time, profit drops below target, all is closed
the ea will start out with a target of -10% of the account balance
that means theres a 10% stop loss, il make all of this optional later

when you reach 1% profit, the target will change to 0.5
when you reach 2%, the target will change to 1%
when you reach 3%, the target will change to 2%
when you reach 4%, the target will change to 3%
ect...ect...
in the pic below, i locked in 3%

the target might be to tight, wel optimize that when i know whats best
i have been getting stopped out at 2-3% mostly
but on a day like today iv banked about 20% i think

heres a screen shot
Attachment

default settings, the ea virtually opened the hedge on last weeks candle close
this gives a fresh start every week

the time frame and bars back is customisable
by setting this to false update_start= true; the start time will never update, unless the ea is reset

the symbol names are changeable in the ea properties
if you change them in editor, itl be permanat

under each symbol is a price field
if you input a price, that price will be used for the start, instead of the bars

the default symbols are the ibfx mini set

by removing the "m" you can use standard, or other brokers

heres what the properties look like

look_back= 1;
tf=10080;
update_start= true;

long_basket1= "GBPUSDm";
price1= 0;

long_basket2= "EURGBPm";
price2= 0;

long_basket3= "GBPJPYm";
price3= 0;

long_basket4= "USDCHFm";
price4= 0;

long_basket5= "NZDUSDm";
price5= 0;

ong_basket6= "AUDJPYm";
price6= 0;

long_basket7= "EURJPYm";
price7= 0;



youl notice 3 objects on the chart
open_longs
open_shorts
close

if you double click the object and select it, them move it atleast 1 pixel or more
on the next tick, the object will initiate, then snap back to its original location

these objects are like scripts
scrips have 1 advantage, no need to wait for a tick

open_longs opens 14 longs, if any longs already exist, they wont open
your only allowed 1 trade per pair
a short counts as a trade

open_shorts same
close will close all trades

by default the ea is set to only trail with equity
it will not open trades on its own

can_trade= false;
can_exit= true;

the opening of trade right now is just, whichever trend is strongest
so if theres 5 sells in profit, and 4 buys, the ea will say, signal=sell

i did test a few ways, say if theres 7 sells in profit, signal = sell
but i cant test 14 pairs in tester

im realy waiting on trader 101 to make me some code that says when to trade
as in his ea

thats it for now

oh there is money management, to disable it, just set risk to 0, and lots will be used

Ignored

Quoting trendchaser

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theyl be no objects until you get a tick, demo's sometimes, well often, go a while without a tick

Ignored

Quoting dee

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T101, thanks for sharing this interesting system!

Could you please tell me what's the difference between the earlier ProfitCalc and the latest ProfitCalc_R3?

the older version shows trend as Short and the R3 version has a Short (Strong) trend.

The formula for trend for the older versions shows this.

Inserted Code

                if ( TotalProfit4 > 0 && diff < 0 )trend = "Trend LONG";
                if ( TotalProfit4 > 0 && diff > 0 )trend = "Trend LONG(Strong)";
                if ( TotalProfit4 < 0 && diff < 0 )trend = "Trend SHORT";
                if ( TotalProfit4 < 0 && diff > 0 )trend = "Trend SHORT(Strong)";

Have you added an additional parameter(s). Could you please shed some light what has changed in the calculation?

Thanks Again!!

Ignored

Quoting Jimbop

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I've been trying for a while.... I can add the Companion....no Objects but everytime I remove the m's for my FXDD account the EA shows up Greyed out and cannot be attached...

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Quoting Jimbop

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I've been trying for a while.... I can add the Companion....no Objects but everytime I remove the m's for my FXDD account the EA shows up Greyed out and cannot be attached...

Ignored

Quoting trendchaser

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strange, check to see that your mt4 is up to date
im using build 218

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Quoting trader101

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Have anybody already made a critical analysis on TC.s ea?? As far as i am concern it is brilliant. However, i just dont like the criteria of counting how many color bars on top or bottom to determine the trend. But if you ask me i would it should be based on the actual profit for determination. Thats all.

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Quoting matrixebiz

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Hey TC, please explain update_start= again.
Just wondering if you can add a little comment at the top of the chart showing total orders open. Just so that when I select open long, I don't have to count the orders to make sure all 14 opened I can just look at the top and says Total orders = 14. Thank you
Thanks

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Quoting matrixebiz

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Hey TC, please explain update_start= again.
Just wondering if you can add a little comment at the top of the chart showing total orders open. Just so that when I select open long, I don't have to count the orders to make sure all 14 opened I can just look at the top and says Total orders = 14. Thank you
Thanks

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Quoting trendchaser

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i can make it any criteria you want
just let me know whats correct

oh, i think iv confused you
none of the 14 pairs will ever change color, they change there sorting
whatever is at top, is whats in profit

basically its like this
if eurusd_profit > 0 shorts++ (eu is in the shorts basket, it will forever be red)
if gu_profit> 0 longs++

if longs>shorts signal = buy

vice versa for shorts

basically the 14 pairs move in a sorting with most profit at the top, exactly duplicating the trades in the ai

so out of the 14 pairs, right now 7 shorts are in profit 1 longs is in profit
the trend is short

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Quoting trendchaser

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ok if we use the weekly tf, looking back 1 bar and update_start=true
the start time will update next week

if update_start=false
the start time will never change, unless the ea is reset

i thought that would be handy if
say you wanna put the ea on the chart right now, and you want to simulate the opening of trades now
set update_start=false, and look_back=0
now youl see all 14 pairs start now, theyl be -spread just as if you placed 14 hedge trades

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Quoting crodzilla

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Ok, here is an update of my external windows program using MT4 quote data. I have just completed the real-time test of the functions I have programmed thus far.

-Shows real-time view of currency pairs (IBFX pairs)
-Shows real-time bias (strength)
-Allows choosing any day in the past as reference (using available history)
starting point. You don't have to wait until things "settle down."
-Allows simulated trades, so you can see what would have happened, at the click of one button.
-Logging window will show trading events and even more important will log when anchor positions change.

In this realtime test, I saw that positive numbers were creeping into the green bottom seven currency pairs, which tells me there may be a small bounce. I took the buy on all 14 pairs. I've got a 139 pip gain in just a short period of time.

My biggest challenge is going to allow you to "replay" a specific timeframe to analyze this strategy bar-by-bar, on your own time. And allow you to make simulated trades, or "practice."

Carl

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Quoting crodzilla

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Ok, here is an update of my external windows program using MT4 quote data. I have just completed the real-time test of the functions I have programmed thus far.

-Shows real-time view of currency pairs (IBFX pairs)
-Shows real-time bias (strength)
-Allows choosing any day in the past as reference (using available history)
starting point. You don't have to wait until things "settle down."
-Allows simulated trades, so you can see what would have happened, at the click of one button.
-Logging window will show trading events and even more important will log when anchor positions change.

In this realtime test, I saw that positive numbers were creeping into the green bottom seven currency pairs, which tells me there may be a small bounce. I took the buy on all 14 pairs. I've got a 139 pip gain in just a short period of time.

My biggest challenge is going to allow you to "replay" a specific timeframe to analyze this strategy bar-by-bar, on your own time. And allow you to make simulated trades, or "practice."

Carl

Ignored