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Simple Trading Method with trader101

  • #1,341
  • Oct 1, 2008 5:46am Oct 1, 2008 5:46am
Maybe i've missed it but has there been any discussion on what the underlying concept of this technique is?

There seems to have been a lot of talk about what constitutes a signal, but what are we actually trading here.

I can see that its a mixed basket of pairs and that they are correlated but looking at oanda or mataf correlation charts there doesn't seem to be an obvious reason for their order i.e. all the + or - correlated pairs in buy or sell lists. maybe they are?

Has anyone worked out the reality behind the indicators?

I'd love to hear you're theories.

Regards Paul
  • #1,342
  • Oct 1, 2008 6:00am Oct 1, 2008 6:00am
Quoting lesaurus
Maybe i've missed it but has there been any discussion on what the underlying concept of this technique is?
That is because most of us were hoping for enlightenment from Julius. I am just blundering around in the dark like most people.

The basic concept behind trading the basket or an individual pair, is easy to grasp. How Julius arrived at it and how he worked out the correlated pairs is a mystery to me.

Any enlightenment will add to my store of knowledge. My pitifully small store of knowledge.

  • #1,343
  • Oct 1, 2008 6:05am Oct 1, 2008 6:05am
Quoting Perky
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
What I think this means is when a pair jumps, there is a corresponding pair from the opposite basket. So when we have a jump if its a LONG demo position moving from a lower (negative) position to the 7th or higher positions we go long on it in our live account.

In the meantime, we would also have a Short (demo) position moving to the opposite direction - from a higher (positive) position to the 8th or lower slot. This pair also we go LONG in the live account

Also, when we have long-demo position moving from a higher position to the 8th slot or lower (going negative) then SHORT that pair on live

We would also have a Short moving in the opposite direction at the same time - from lower (negative) position going to the 7th or higher slot. This we Short on the live.


I hope I got this right! My New Bentley depends on this lol
Attached File(s)
File Type: doc Trader101 Method.doc   37 KB | 2,564 downloads
  • #1,344
  • Edited 6:36am Oct 1, 2008 6:06am | Edited 6:36am
Hi Orest
I really appreciate the work you've done with the indi.
Thanks so much!

You previously mentioned that you weren't sure about the TF's to use..... is it too much to ask for 7 user definable TF's?!!

Also, pls see screenshot and notice that there's lots of identical data - last hour and 4 hour exact match!!
Strangely this is not always the case, but seems too much of a coincidence to be valid.

Thanks again
Jim

ADDENDUM
Just noticed also that last 2 columns have 8 buys and 6 sells - this again isn't always the case - they jump about !!

Definitely work in progress - and definitely appreciated - thanks Orest
Attached Image (click to enlarge)
Click to Enlarge Name: Orest identical results.jpg Size: 159 KB
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #1,345
  • Oct 1, 2008 6:20am Oct 1, 2008 6:20am
Hey Lesaurus, no need to thank me, what I did is nothing compared to what Julius has done or what the programmers have done here.

My document is by no means comprehensive or The Last Word, but I am hoping someone more knowledgeable will begin adding/modifying this. Like a sort of wiki.

I have for now decided not to touch any of the indicators or ea for the reason that most of them are works in progress.

It would be more important to understand the concept and its execution than to have an EA. If and when we can reduce the entire idea in to a flowchart or a 1 or 2 page, step-by-step manual, rest will fall in place.

Also I am not looking at trading all pairs at once, at least not for now. Too complicated for me. The trading of only the 'jumpers' has so far been profitable on demo.

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
  • #1,346
  • Oct 1, 2008 6:28am Oct 1, 2008 6:28am
Quoting shiva
Hey Lesaurus, no need to thank me, what I did is nothing compared to what Julius has done or what the programmers have done here.

My document is by no means comprehensive or The Last Word, but I am hoping someone more knowledgeable will begin adding/modifying this. Like a sort of wiki.

I have for now decided not to touch any of the indicators or ea for the reason that most of them are works in progress.

It would be more important to understand the concept and its execution than to have an EA. If and when we can reduce the entire idea in to a flowchart or a 1 or 2 page, step-by-step manual, rest will fall in place.

Also I am not looking at trading all pairs at once, at least not for now. Too complicated for me. The trading of only the 'jumpers' has so far been profitable on demo.
Trading all pairs i think is less complicated than trading jumper, trading all pair is safer because of it's hedging nature. I have been trading 11 pairs manually and never have a losing trade so far. Those which is "losing trade" are those been hit by manual profit lock. The least i gain so far is +20 pips
  • #1,347
  • Oct 1, 2008 6:35am Oct 1, 2008 6:35am
Quoting j84
Trading all pairs i think is less complicated than trading jumper, trading all pair is safer because of it's hedging nature. I have been trading 11 pairs manually and never have a losing trade so far. Those which is "losing trade" are those been hit by manual profit lock. The least i gain so far is +20 pips
Nice! So what you do is, when all the buys are lined up on top you long all 11 pairs? And vice versa for short?

Also, do you wait for a while before you go long or short on live or do it as soon as the pairs line up?
  • #1,348
  • Oct 1, 2008 6:40am Oct 1, 2008 6:40am
HEY TC,
your eas are made for ibfx basket ... If we want to use your ea on a non ibfx account we'd need a different set coded of pairs (the ones on the first page) because changing the names of pairs in the inputs wont work = ea then doesnt work at all. And if we just withdraw the m at the end of the pairs it works but with the ibfx chosen pairs. So i guess the ea is then not reliable to use on a non ibfx.
I'd appreciate to read your opinion on that point...
thanks
  • #1,349
  • Oct 1, 2008 6:44am Oct 1, 2008 6:44am
TC and Orest
Your work is great, we all appreciate it, thanks again
But if i can give an advise to avoid confusion would it possible that you name your next versions diferently ? cause you use pretty much the same names versions, one is a ea and one is a indy.
Why wouldnt you go like : TC T101 V2.3 ea and Orest T101 V1.9 indy ?
Thanks again guys !
  • #1,350
  • Oct 1, 2008 7:22am Oct 1, 2008 7:22am
Here is every post that gives instruction on this method from Trader 101, as I see it.
Attached File(s)
File Type: doc T101 rules.doc   131 KB | 3,717 downloads
  • #1,351
  • Edited 8:08am Oct 1, 2008 7:27am | Edited 8:08am
Orest;

I don't think you understood my bug report regarding your pair showing opposite profit. Here is an example: EURUSD open price, IBFx platform, is 1.4118 today, 2008.10.01, and currently the price is at 1.4049 therefore since EURUSD is a Sell pair then we should be +69 pips but your indicator is now showing EURUSD as a Buy pair and -69 pips. EURUSD is a Sell pair and should be +69 pips based on the open price and current price.

TimeFreedom

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.

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

Orest

P.S. Some folks who PMed me definetely need to reload.
  • #1,352
  • Oct 1, 2008 7:38am Oct 1, 2008 7:38am
Some answers:

- Jim4x, your indicator is not the latest one, take the toppest from thread's paperclip, that bug has been resolved

- I know there is the name confusion, I added my name to the indi's name

- I was thinking giving the user an ablitity to choose time frames, but it needs to be simple and MQL has it's limitations. I could do 1,2,3 of course... but don't like it. Number of columns probably also could be selected. Don't think it's critical though.

Orest

Quoting Jim4x
Hi Orest
I really appreciate the work you've done with the indi.
Thanks so much!

You previously mentioned that you weren't sure about the TF's to use..... is it too much to ask for 7 user definable TF's?!!

Also, pls see screenshot and notice that there's lots of identical data - last hour and 4 hour exact match!!
Strangely this is not always the case, but seems too much of a coincidence to be valid.

Thanks again
Jim

ADDENDUM
Just noticed also that last 2 columns have 8 buys and 6 sells - this again isn't always the case - they jump about !!

Definitely work in progress - and definitely appreciated - thanks Orest
  • #1,353
  • Oct 1, 2008 8:13am Oct 1, 2008 8:13am
Orest couple of questions.

first of all thank you for this indicator - great job.

1. does the first two timeframes - start every 4 hours from the same point - so - once in 4 hours the numbers will be the same for the first hour?

2. would it be possible if you could do the same indicator - but for pair baskets. for instance - all JPY pairs, all GBP pairs, etc. - so we can see the power and strength of sells or buys in certain pairs. because - after all it all comes down to strong movements in certain pairs - but on the other side - when we do all 14 pairs - if there is a strong pair - i mean strong currency it would be nice to eliminate the lagging pairs that are dragging the whole basket down.

3, also- i just noticed it shows - the last column since last hour - GBPUSD - 430 pips - which is no way is true is that a bug in the script - or something wrong with my setup. please check and advise

4. by the way gang - nice SHORT is going on right now! i'm up 300 pips!

thanks in advance, Orest!
  • #1,354
  • Oct 1, 2008 8:25am Oct 1, 2008 8:25am
Quoting TimeFreedom
Orest;

I don't think you understood my bug report regarding your pair showing opposite profit. Here is an example: EURUSD open price, IBFx platform, is 1.4118 today, 2008.10.01, and currently the price is at 1.4049 therefore since EURUSD is a Sell pair then we should be +69 pips but your indicator is now showing EURUSD as a Buy pair and -69 pips. EURUSD is a Sell pair and should be +69 pips based on the open price and current price.

TimeFreedom
There's no bug there TimeFreedom. Even though on the first post trader101 has EURUSD as the sell pair when he mention Set 1 and Set 2 but on his script TradeHedge.mp4 he did have EURUSD as the buy pair so that's what Orest have it also.
  • #1,355
  • Oct 1, 2008 8:39am Oct 1, 2008 8:39am
Let me clear up one thing. My program does not try to interpret what the T101 method is about. It is just a monitor based upon T101 basket guidelines. It will allow you to practice trading without using your MT4, watching the ebb and flow of the market as T101 has introduced to us. My program does not (as of yet) show buy or sell signals. And I really don't think it ever will.

I think many people have lost touch with the T101 methodology. I don't believe it is a signal based system. It is a different way to look at the currency markets. A way to see where money is flowing.

And, it is my opinion that that is why many are having a hard time grasping it, including myself. It is a methodology, not a buy/sell system. Hard fast rules are probably doomed to fail, as T101 has suggested early on.

Again, just my opinion.
Have a good day.
  • #1,356
  • Oct 1, 2008 8:46am Oct 1, 2008 8:46am
Here, Page 4, Post 51, is the post with the 14 pairs for IBFx with EURUSD as a short pair. TC also has EURUSD as a short pair.

TimeFreedom

Quoting WhiteSand
There's no bug there TimeFreedom. Even though on the first post trader101 has EURUSD as the sell pair when he mention Set 1 and Set 2 but on his script TradeHedge.mp4 he did have EURUSD as the buy pair so that's what Orest have it also.
  • #1,357
  • Oct 1, 2008 8:48am Oct 1, 2008 8:48am
totally agree with Crodzilla - and want to add something. In my opinion - one of the ways to drill this system is to look not only at the WHOLE basket of 14 currencies - but to watch also single set of currency.

for instance - all JPY's, all USD's, all EUR's or all GBP's.

let's be honest - when the market is trending - it's either people buy us dollars or get rid of them... the same happens with JPY - carry trade currency it either - everyone buys JPYs or gets rid of them... same with GBP

please correct me if i'm wrong - i really believe if we drill in that direction as well as continue fine-tuning Julius' method we'll get great results.

i would also be fantastically glad if Julius could share his opinion on this....
  • #1,358
  • Oct 1, 2008 9:04am Oct 1, 2008 9:04am
Quoting TimeFreedom
Here, Page 4, Post 51, is the post with the 14 pairs for IBFx with EURUSD as a short pair. TC also has EURUSD as a short pair.

TimeFreedom
Yes I understand what you're talking about. Attach is the file tradehedge.mq4 that trader101 has it on the first post. The pair EURUSD is a buy pair. I don't know if he just got it mixed up or that's not for IBFX or doesn't really matter but that's what Orest's script is based on.
Attached File(s)
File Type: mq4 TradeHedge.mq4   2 KB | 1,054 downloads
  • #1,359
  • Oct 1, 2008 9:12am Oct 1, 2008 9:12am
i just woke up, the ea finally took a trade, i think the 350 pips filter is to high
you should also set counter trade to false

i gotta go to work, il read up and try to fix any problems this evening
Attached Image (click to enlarge)
Click to Enlarge Name: now.gif Size: 23 KB
  • #1,360
  • Oct 1, 2008 9:14am Oct 1, 2008 9:14am
page 30 & 33 has the ibfx pairs
he did say they could be reversed, realy dont matter
i used exactly the way he posted the pairs
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