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Simple Trading Method with trader101

  • #1,321
  • Sep 30, 2008 11:43pm Sep 30, 2008 11:43pm
@ Orest;

If you look at the Day column the following pairs, there could be more, U/J, G/C,E/CHF have the wrong pip counts. Instead of being positive they are negative and vice versa.

TimeFreedom

Quoting Orest
I beleive it's all being fixed now. Please replace your existing one with attached one. Don't forget to recompile. Also, it seems like current time periods are not very suitable. Maybe we come up with 1 h, 2h, 3h, 8h, something like that...


Orest
Attached Image (click to enlarge)
Click to Enlarge Name: trader101_v1.9_indicator_09-30-08_02.jpg Size: 145 KB
  • #1,322
  • Sep 30, 2008 11:57pm Sep 30, 2008 11:57pm
Nope, just checked GBPJPY, Day column: previous day closing was 189.01, now 188.78, so we have negative result for BUY trade....

Anybody else thinks this is wrong?


Quoting TimeFreedom
@ Orest;

If you look at the Day column the following pairs, there could be more, U/J, G/C,E/CHF have the wrong pip counts. Instead of being positive they are negative and vice versa.

TimeFreedom
  • #1,323
  • Sep 30, 2008 11:58pm Sep 30, 2008 11:58pm
Quoting TimeFreedom
@ Orest;

If you look at the Day column the following pairs, there could be more, U/J, G/C,E/CHF have the wrong pip counts. Instead of being positive they are negative and vice versa.

TimeFreedom
yes when i load this i notice its backwards like eur/jpy is buy but in t101 his hedge is sell? or maybe im lost
  • #1,324
  • Oct 1, 2008 12:10am Oct 1, 2008 12:10am
Oh, I see - I switched pairs. Sells became Buys. By the way, you could fix it it yourself - just replace them in your parameters window until I'll upload updated version. Thanks for testing by the way....

Quoting avatarx51
yes when i load this i notice its backwards like eur/jpy is buy but in t101 his hedge is sell? or maybe im lost
  • #1,325
  • Oct 1, 2008 12:34am Oct 1, 2008 12:34am
Quoting avatarx51
yes when i load this i notice its backwards like eur/jpy is buy but in t101 his hedge is sell? or maybe im lost
I think it's nothing wrong, eur/jpy in t101 hedge is buy (for IBFX)
  • #1,326
  • Edited 1:17am Oct 1, 2008 1:00am | Edited 1:17am
Okay,
I made the pairs exactly as they are in TrendHedge script posted earlier.
I have also fixed some other minor errors, so folks who couldn't see the indicator on their platforms might want to reload.

This is work in progress, so your patience is appreciated.

Orest

P.S. Some folks who PMed me definetely need to reload.

Quoting Jack2000
I think it's nothing wrong, eur/jpy in t101 hedge is buy (for IBFX)
Attached File(s)
File Type: mq4 T101_v1.9_orest.mq4   21 KB | 1,517 downloads
  • #1,327
  • Oct 1, 2008 1:22am Oct 1, 2008 1:22am
Making this work with fxdd would be pretty nice, if you are bored.
Zero divide still, all versions.


Quoting trendchaser
i think most general questions have been adressed, to keep from flooding the thread, just pm me any questions you have
i dont mind answering them
  • #1,328
  • Oct 1, 2008 2:04am Oct 1, 2008 2:04am
Hi TC
I have a non ibfx platform and your EA don't work.
Could you make a version for that or explain the process ?
Thanks.
  • #1,329
  • Oct 1, 2008 2:31am Oct 1, 2008 2:31am
Hi

I hope someone can help me with this. I am using IBFX and trader101 manage to work out 14 pairs for IBFX.

It was posted in http://www.forexfactory.com/showthre...=107119&page=4

IBFX Set 1 being a BUY set and Set 2 being a Sell set. Does this make any difference for Set1 as sell set and Set 2 as Buy set. I remember in one of the post, trader101 mentioned is ok for vice versa. Please assist by confirming.

Regards
Jimmypippy
  • #1,330
  • Edited 3:41am Oct 1, 2008 3:17am | Edited 3:41am
Quoting Orest
Okay,
I made the pairs exactly as they are in TrendHedge script posted earlier.
I have also fixed some other minor errors, so folks who couldn't see the indicator on their platforms might want to reload.
Cheers Orest. This is a brilliant indi.

Here is a contribution from me. The attachment contains:

  1. Your latest indi with the pairs already set up for us IBFX mini account holders. That is the only change - I would not play with the code apart from this.
  2. Six order sending scripts with a magic number added. Users will know which ones to use from the names - IBFX or non-IBFX. The Basket single scripts allow you to send a single trade - use this if server probs means any of the 14 fail to be filled. I added a magic number so that the trades can be monitored by:
  3. Basket trading profit protect.mq4, an ea that goes in the Experts folder.

Basket trading profit protect.mq4 keeps a pips tally of all trades with the same magic number. If you want it to monitor a different group of trades, then change the magic number in the script you use then load a separate instance of the ea onto another chart, changing the mn to match that of the trades.

There are 5 settings:

  1. StartLockPips=200; locks in this setting - 50 pips when the profit pips reaches this target, then adds 100 'locked' pips whenever the profit hits 300, 400 etc. When the trades retrace and the pips profit falls to the protected figure, the ea closes all the trades.
  2. MagicNumber=71946723; matches the mn of the scripts.
  3. CloseAtPipsProfitReached=false; allows you to use the ea as a scalper, probably using the shorter time-scales of TC & Orest's indi. Set this to 'true' and the ea will close all its trades when the profit hits ScalpProfitPips.
  4. ScalpProfitPips=30; scalping pips target.
  5. AllowTradeClosure=true; leave this set to 'true' as a rule. I use this setting to allow me to see what the ea is up to on my trading computer, when I am sat at a different machine in my living room - I don't want 2 instances of the ea both trying to close trades.

Attached File(s)
File Type: zip T101Tools.zip   8 KB | 2,530 downloads
  • #1,331
  • Oct 1, 2008 4:48am Oct 1, 2008 4:48am
it seems that it's much quiter today here - ranging day - no impressive results...

although - for me it seems that it's a going LONG day...
  • #1,332
  • Oct 1, 2008 4:52am Oct 1, 2008 4:52am
Hi Trader101, thanks for a wonderful system.

Using your own words, I have put into a a document what I think is the essense of this system. Correct if I am wrong.
Attached File(s)
File Type: doc Trader101 Method.doc   30 KB | 2,187 downloads
  • #1,333
  • Oct 1, 2008 4:58am Oct 1, 2008 4:58am
Quoting The_Mixman
it seems that it's much quiter today here - ranging day - no impressive results...

although - for me it seems that it's a going LONG day...
No significant signal (anchor/slot change) for a while ...
  • #1,334
  • Oct 1, 2008 5:29am Oct 1, 2008 5:29am
Quoting shiva
Hi Trader101, thanks for a wonderful system.

Using your own words, I have put into a a document what I think is the essense of this system. Correct if I am wrong.
Execution
You should have another account where you real trading will be executed.
You will trade the two pairs that jump out: If the pair that jumps up is a Long; then trade the two breakaway pairs LONG or vice versa.

nice document but this is the crux of the whole system and I dont find it clear
  • #1,335
  • Oct 1, 2008 5:30am Oct 1, 2008 5:30am
Orest's T101 v.1.9 indicates a weak LONG on the Daily, 4hr, and 1 hr.. Do others see this? This signal combined with the Long on Codzilla's software suggests a tentative LONG. I'm now long the basket. Up $55 at the moment but its not moving quickly. I might attach the '2ProtectAccount' when it gets to $150.
  • #1,336
  • Oct 1, 2008 5:31am Oct 1, 2008 5:31am
Hey thanks for that Shiva, this thread really needs some kind of consolidation as its probably one of the most complicated ive read here at FF.

However i feel that there are some major points you have maybe overlooked

For instance what about when you trade all 14 pairs at once and some are reversed? - What about anchor point changes and when all buys/sells are neatly in the top/bottom?

Also there seem to be a number of different indicators or ways of monitoring the pairs.

One by trendchaser, one by orest, a programme from crodzilla, the original way by trader 101, all the scripts etc. etc.

It is all very confusing and i have read many many threads on this forum, so what you are attempting is most welcome.

Hopefully we will see some consolidation of all the techniques/indicators/scripts etc. soon as when everyone is singing from a different song sheet it is very hard to make any progress with these systems.

The community here is one of the most positive and talented i've seen and this can be very powerful if harnessed properly

I am hoping that trader 101 has a break from all this and then feels re energised enough to maybe come back and try to set some order because i really like his method.

Meanwhile everyone else please keep up the contributions as this technique could be profitable if simplified and clarified.

Good luck and best regards Paul
  • #1,337
  • Oct 1, 2008 5:37am Oct 1, 2008 5:37am
Good morning guys,
Looks like this thread is turning to an EA thread when we really don't have all the logic of the method (Most of first part but not 2nd & 3th part ...).
Please can we get back to the logic of this system ?
What about creating a new thread in the right forum part to talk about EA/indics developpment for this method ?
The 2nd part logic should be posted today and it will become really unreadable !
  • #1,338
  • Oct 1, 2008 5:37am Oct 1, 2008 5:37am
Quoting lesaurus
Hey thanks for that Shiva, this thread really needs some kind of consolidation as its probably one of the most complicated ive read here at FF.

However i feel that there are some major points you have maybe overlooked

For instance what about when you trade all 14 pairs at once and some are reversed? - What about anchor point changes and when all buys/sells are neatly in the top/bottom?

Also there seem to be a number of different indicators or ways of monitoring the pairs.

One by trendchaser, one by orest, a programme from crodzilla, the original way by trader 101, all the scripts etc. etc.

It is all very confusing and i have read many many threads on this forum, so what you are attempting is most welcome.

Hopefully we will see some consolidation of all the techniques/indicators/scripts etc. soon as when everyone is singing from a different song sheet it is very hard to make any progress with these systems.

The community here is one of the most positive and talented i've seen and this can be very powerful if harnessed properly

I am hoping that trader 101 has a break from all this and then feels re energised enough to maybe come back and try to set some order because i really like his method.

Meanwhile everyone else please keep up the contributions as this technique could be profitable if simplified and clarified.

Good luck and best regards Paul
This is suppose to be simple trading method with trader101, what happen to the simplicity ? Are you are guys going the wrong way ?
  • #1,339
  • Oct 1, 2008 5:39am Oct 1, 2008 5:39am
Quoting Leomeister
Orest's T101 v.1.9 indicates a weak LONG on the Daily, 4hr, and 1 hr.. Do others see this? This signal combined with the Long on Codzilla's software suggests a tentative LONG. I'm now long the basket. Up $55 at the moment but its not moving quickly. I might attach the '2ProtectAccount' when it gets to $150.
I see it, so I have gone in for a quick scalp - demo, still learning.

  • #1,340
  • Oct 1, 2008 5:44am Oct 1, 2008 5:44am
1. HE HE - the SIMPLE - it really went far from simple... which is kinda amusing.

2. i'm sure and hope that trader101 will be back and he is reading the thread EVERY DAY...

3. give it some time - test it out - play with different settings and ONLY if you have proven result within 3-5 days maybe a 2 week period - share it with others to test as well.

4. Julius - we still believe that your master mind is harnessing the power of basket trading - hopefully you will give us some clues on your part 2 and part 3 of your system. how about - you start free private group - and only those who truly understand your method will enter there - you basically test them asking questions online like via msn or something and then go from there. In that case - whoever really want to unserstand the method and input their thoughts and ideas needs to read the thread as much as needed until they get it.

5. I guess it's still early to go long... waiting....
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