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Simple Trading Method with trader101

  • #1,121
  • Sep 30, 2008 5:36am Sep 30, 2008 5:36am
Hi Julius and all eager pipsters
I had a real dejavu when I saw this thread - I had a similar idea a few years back, but didn't have the skills to test it - I was trying to use excel to create the comparisons, and it was just too labour intensive and so I shelved the idea.
At last I have a chance to find out if this really works!

Now we have some great indicators (even though they're kinda work in progress) and they have been able to answer some questions I had about the length of timeframe used for comparing the basket to current prices. If you look at my screen shots, you'll see that I have set Orests version at both last night and the previous night (Julius's IA start time) and the 3 weeks prior to that - Julius's IA time clearly shows the sells at the top, the later one shows the buys on top.

I also set TC's new indi to just last 4 hrs and his clearly said BUY.
So I bought all and raced to +400 pips in no time at all. (Total pips +1900 in 36hrs (+1500 in shorts))

I predict that the decision to trade or not is gonna be the next week long saga ..........

If this doesn't step on Julius's toes, I would love to see Orests version completed as it saves on all the exporting to excel malarky.
Cheers
Jim

PS For all those struggling to implement, please slowly read the thread and make notes, it's all here!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Oresh indi - long.jpg Size: 222 KB
Click to Enlarge Name: TC indi - long.jpg Size: 202 KB
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #1,122
  • Sep 30, 2008 5:39am Sep 30, 2008 5:39am
base on my ea (preliminary), LONGs are moving up and SHORTs are moving down. Will confirm later.
If everyone believes it, it will work.
  • #1,123
  • Sep 30, 2008 5:40am Sep 30, 2008 5:40am
Went short a while ago, got stop out by manual profit lock level 3. Total pips : +200

I went short because all price seems to went up but all position remain still.

Attach is my current IA.

Looking forward to go short again before Bush speaks.
Attached Image (click to enlarge)
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  • #1,124
  • Sep 30, 2008 5:45am Sep 30, 2008 5:45am
I’m try multipair RSI timing- comparing with ProfitCalc.
Looks RSI are responds v. early M30 and 1H almost all green, when 4H chart change to green and profitCalc show Long I’m jump for Long . At the moment forex is ranging and direction can be long or short.
Sorry for my English.
T101--- yours system is amazing. Than you
Attached Image (click to enlarge)
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  • #1,125
  • Sep 30, 2008 5:50am Sep 30, 2008 5:50am
Quoting stanru
I’m try multipair RSI timing- comparing with ProfitCalc.
Looks RSI are responds v. early M30 and 1H almost all green, when 4H chart change to green and profitCalc show Long I’m jump for Long . At the moment forex is ranging and direction can be long or short.
Sorry for my English.
T101--- yours system is amazing. Than you
Weird, my profit Cal didn't show long at all, not even neutral. Both my IA (old and new) shows the same thing. It always shows short strong. I think in order to go long :

(1) Profit Cal shows from neutral for a while than go to long
(2) One of the top or btm anchor got replace by the opposite side (in this case, top anchor replace by a buy OR btm anchor replace by a sell)
(3) RSI not dark green (don't buy when it is highly overbrought)

It is not safe to trade when ONLY profit cal shows long and nothing else becoz the long might be a retrenchment. Correct me if I am wrong. Thnx
  • #1,126
  • Sep 30, 2008 5:56am Sep 30, 2008 5:56am
Quoting benseg

Hi T_ 101 and all of you



After reading the all trade I fully understand this excellent method



I want to give you some good tool the World_Market_Times
its will show you the market times all over the world ( US, Uk, Asia....)



Just save the file to your desk top double click and its work like this:



___See pitcher file______



Thank you 101 and all the helper here



Wish you all many good pips

Does it have changeable local time settings and option to adjust for DST or not?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,127
  • Sep 30, 2008 6:09am Sep 30, 2008 6:09am
Quoting j84
Weird, my profit Cal didn't show long at all, not even neutral. Both my IA (old and new) shows the same thing. It always shows short strong. I think in order to go long :

(1) Profit Cal shows from neutral for a while than go to long
(2) One of the top or btm anchor got replace by the opposite side (in this case, top anchor replace by a buy OR btm anchor replace by a sell)
(3) RSI not dark green (don't buy when it is highly overbrought)

It is not safe to trade when ONLY profit cal shows long and nothing else becoz the long might be a retrenchment. Correct me if I am wrong. Thnx
You miss my point, my profitcalc also didn’t show long
Attached Image (click to enlarge)
Click to Enlarge Name: l_s.jpg Size: 134 KB
  • #1,128
  • Sep 30, 2008 6:18am Sep 30, 2008 6:18am
Hi,

the scrip profit locket was to be in all charts?

Thanks

Rodrigo
  • #1,129
  • Sep 30, 2008 6:22am Sep 30, 2008 6:22am
This is really an exciting thread and its getting bigger everyday..
I need help can sombody direct me to the Orest Indicator.. This house is big that i got lost in my own house. HELP.. very embarassing

Julius
  • #1,130
  • Sep 30, 2008 6:24am Sep 30, 2008 6:24am
Quoting Rodrigo30
Hi,

the scrip profit locket was to be in all charts?

Thanks

Rodrigo
nope just one, preferably gbpjpy.
  • #1,131
  • Sep 30, 2008 6:28am Sep 30, 2008 6:28am
1st trade long got stoppped by profit protect at +100

re-entered went very negative (-500ish) recovering now to-300

I guess I was early...
  • #1,132
  • Sep 30, 2008 6:30am Sep 30, 2008 6:30am
Hehe. Me too - can't find it anywhere. I thought I downloaded everything on offer as I went, but I missed this one.



Quoting trader101
I need help can sombody direct me to the Orest Indicator.. This house is big that i got lost in my own house. HELP.. very embarassing

Julius
  • #1,133
  • Sep 30, 2008 6:30am Sep 30, 2008 6:30am
hey es, i suppose that can be done, only thing im not experienced with is these arrays, once t101's confirmed were to the strategy, i might need help from other coders to get more advanced, i just woke up n theres 7eral pages, iml drink some coffee n catch up lol
Quoting ES Trader
Great TC,
Thanks for all your help.I have no idea how you seem to get evreything put together so neatly.

Any how I have a request. Me, and may be others here as well, may want to try trading some of the individual pairs when they move as mentioned in initiall part of 101,s posting. Is there any way you can programme it to show the currencies that move out of their slot and also suggest to go long or short.
Sorry for the trouble.
Thanks
Kris
  • #1,134
  • Sep 30, 2008 6:33am Sep 30, 2008 6:33am
Quoting trader101
This is really an exciting thread and its getting bigger everyday..
I need help can sombody direct me to the Orest Indicator.. This house is big that i got lost in my own house. HELP.. very embarassing

Julius
Hey! stop being a tramp waiting for handouts - READ THE THREAD!
OH oops it's you Julius - I'll make an exception
ha ha ha

http://www.forexfactory.com/showpost...&postcount=832
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #1,135
  • Sep 30, 2008 6:38am Sep 30, 2008 6:38am
It appears that T101's IA account open is Sunday at 23:00. The FxPro broker server appears to be set at +2GMT. If I'm correct this would equal 21:00 GMT. Matching the open time between different broker platforms does get confusing as servers are set at different time zones.

Quoting djmanu
Mmmm, this sunday Fxpro T101 IA account doesn't show the same thing ...
  • #1,136
  • Sep 30, 2008 6:42am Sep 30, 2008 6:42am
Quoting Jimbop
1st trade long got stoppped by profit protect at +100

re-entered went very negative (-500ish) recovering now to-300

I guess I was early...
What time did you open your trades?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,137
  • Sep 30, 2008 6:42am Sep 30, 2008 6:42am
Quoting Jim4x
Hey! stop being a tramp waiting for handouts - READ THE THREAD!
OH oops it's you Julius - I'll make an exception
ha ha ha

http://www.forexfactory.com/showpost...&postcount=832
Very embarassing. Lost in his own house, Thanks Jim, like you im more of an excel guy, let see if we can modify/ tweak this indic, hope Orest will not flame me for attempting to do this.
Julius
  • #1,138
  • Sep 30, 2008 6:49am Sep 30, 2008 6:49am
Quoting matrixebiz
What time did you open your trades?
0520 EST (guess I was basically still asleep)

reentered at about 0540 (again a guess) currently running -180

lol still better than -500 though lol

I need some work on my entries these were kinda poke and hope which is just plain silly...

Gotta go to work be back on in an hour (wont be able to see my trades though...
  • #1,139
  • Sep 30, 2008 6:49am Sep 30, 2008 6:49am
Are there new rules for the pairs we have to sell and those we have to buy since the first post ? Because I noticed in the Orest indicator that the eurusd for example is sold instead of bought...?
  • #1,140
  • Sep 30, 2008 7:01am Sep 30, 2008 7:01am
Since my last post last night, I went long before I went to bed. Woke up this morning and I'm up 1100 pips. I changed my reference day to yesterday, and the longs have taken over. What a difference a day makes.

Carl

PS. I will start a new thread to post my program. This thread is getting very busy.
Attached Image (click to enlarge)
Click to Enlarge Name: T101-20080930.jpg Size: 213 KB
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