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Simple Trading Method with trader101

  • #1,381
  • Edited 11:25am Oct 1, 2008 10:54am | Edited 11:25am
Quoting trendchaser
youd need to edit symbols according to your broker, im getting pm's about problems with other brokers, il check this later

i did find a problem in the money management

Thanks Man. so far - so good - took long trade - about 120 pips plus - waiting to close

ok - it did close - but in about 2 mins opened again all buy positions... hm... now -150
tricky. i think you should work out false signals....
  • #1,382
  • Oct 1, 2008 11:30am Oct 1, 2008 11:30am
Quoting deepblue27
Ok apparantly that was just making matters worse. doh.
Deepblue, why did you remove that post ?
I read it 1h ago at work and I found it the greatest post of this thread, I really wanted to relearn it ...
Thanks a lot,
Manu
  • #1,383
  • Oct 1, 2008 12:39pm Oct 1, 2008 12:39pm
Why not just open up a new hedge of all 14 pairs for each trading day and work with that? Could do it at the close of the current session to set up for the following day. It seems kind of random to me to just open up one grid at the beginning of the trading week and then roll with it all week. Your crossovers will only occur where each trade was opened, so the price would have to get all the way back to where ever it started. If you start new each day, you may be able to get a better sense and feel for short term trend direction. I discovered this by mistake, only because I found this thread in the middle of the week and did not want to wait to start next week.

Slade
  • #1,384
  • Oct 1, 2008 12:41pm Oct 1, 2008 12:41pm
Folks,
first of all let me tell you that yesterday I had some pm exchange with Julius and he asked me to do some more work on the indicator. Which I did of course. Those changes are regarding his method #2 which I beleive eventually he is going to release to us. Basically what he asked was to add totals of BUYs, SELLs and sum of them at the bottom of each column. So, this version is all about that.

Now regarding other questions:
- Drill down by currencies groups. Here is work around. Attach the indicator to one chart and remove those currencies in parameters window which you don't want to see. Let's say leave only USD group. Repeat the same in another chart and leave only JPY group. It wasn't tested, but I beleive you should be fine.

- Same data in two columns. Obviosely if 4h and 1h candle start in the same time you'd see same data in those two columns. Same apply to other columns.

- Still open for suggestions about columns time frames. Seems monthly one is
not very useful for sure. Or is it?

Orest
Attached File(s)
File Type: mq4 T101_v1.10_orest.mq4   24 KB | 1,634 downloads
  • #1,385
  • Oct 1, 2008 12:59pm Oct 1, 2008 12:59pm
Orest - thank you for answering my questions....

but still - u didnt clarify - I open your updated version- and right away - BUY EURUSD is on top on the right column - 1 hour one - with 352 pips... it definately didnt move 352 pips during last hour.. please advise.

ok - it just turned the whole hour - the hour one corrected but 4 hour one is still 328 pips.... or am i missing something????
  • #1,386
  • Oct 1, 2008 1:04pm Oct 1, 2008 1:04pm
Don't have this issue.... Chart History???

Quoting The_Mixman
Orest - thank you for answering my questions....

but still - u didnt clarify - I open your updated version- and right away - BUY EURUSD is on top on the right column - 1 hour one - with 352 pips... it definately didnt move 352 pips during last hour.. please advise.

ok - it just turned the whole hour - the hour one corrected but 4 hour one is still 328 pips.... or am i missing something????
  • #1,387
  • Oct 1, 2008 1:16pm Oct 1, 2008 1:16pm
Hi Orest
How do you suggest to use your excellent indy ?
All the TF in the same direction ?
Or only the change of 4 H and 1 H to anticipate a reversal ?
What do you think about ?
  • #1,388
  • Oct 1, 2008 1:27pm Oct 1, 2008 1:27pm
Quoting autofx
So you're another guy who thinks he deserves to ride others' coattails without lifting a finger?

Read the post again fool!
  • #1,389
  • Oct 1, 2008 1:31pm Oct 1, 2008 1:31pm
Great new version Orest, but there's something strange, the profilcal_R3 of this weeks IA says:

Sells Profits=1718
Buy profits=-1789
Difference w/ swap=-69

while your indicator of this week has:

Sells=10937
Buys=-14293
Difference=-3356

How can we explain a so huge difference ?
The 2nd part is based on that difference w/o swap.
Regards,
Manu
  • #1,390
  • Oct 1, 2008 2:06pm Oct 1, 2008 2:06pm
Splendid job, Orest!

It is programmer/trader like you making FF a greater place for us newbies.

Thanks a lot. Really appreciate your indicator that may be a terrific example for me to learn mql.

Quoting Orest
Folks,
first of all let me tell you that yesterday I had some pm exchange with Julius and he asked me to do some more work on the indicator. Which I did of course. Orest
  • #1,391
  • Oct 1, 2008 2:19pm Oct 1, 2008 2:19pm
Hey all, I have been reading this thread for a while now and have been really interested in this system. i have been trying to use it/figure it out. If anyone would be nice enough to send me a private message and help me out that would be awesome! I tried to get 101's help but he never responded.

Thanks
-phedrus
  • #1,392
  • Oct 1, 2008 2:24pm Oct 1, 2008 2:24pm
Quoting crodzilla
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.
Thanks crodzilla for a wonderful monitoring program. T101's first system was to trade the "jumpers into and out of the 7th and 8th slot". Is it possible for you to point that out like you are doing now for the 1st and 14th slot changes? Also, does your program give audio alerts and can it made to do so?

Also thanks to T101 for his system; TC and Orest for their work on ea's and indicators
  • #1,393
  • Oct 1, 2008 2:32pm Oct 1, 2008 2:32pm
Orest, a million thanks for the indi. I have been using it all day. It is brilliant to be able to look back a month at the basket's trend.

Thanks for the new features in the latest version. I am looking forward to the illumination they will provide.

  • #1,394
  • Oct 1, 2008 2:53pm Oct 1, 2008 2:53pm
hey orest,

im having trouble figuring out quite how your indicator works relative to t101s method?? and what signifigance does the new addons in 1.10 mean?

thanks
  • #1,395
  • Oct 1, 2008 3:54pm Oct 1, 2008 3:54pm
Hi Orest,
Thanks for the indi but I think there is a little bug. Not all the pairs have the same amount of numbers. So the order of the pairs isnīt right. all the pairs in a colored box have 1 number less.
see pic

Attached Image



Quoting Orest
Folks,
first of all let me tell you that yesterday I had some pm exchange with Julius and he asked me to do some more work on the indicator. Which I did of course. Those changes are regarding his method #2 which I beleive eventually he is going to release to us. Basically what he asked was to add totals of BUYs, SELLs and sum of them at the bottom of each column. So, this version is all about that.

Now regarding other questions:
- Drill down by currencies groups. Here is work around. Attach the indicator to one chart and remove those currencies in parameters window which you don't want to see. Let's say leave only USD group. Repeat the same in another chart and leave only JPY group. It wasn't tested, but I beleive you should be fine.

- Same data in two columns. Obviosely if 4h and 1h candle start in the same time you'd see same data in those two columns. Same apply to other columns.

- Still open for suggestions about columns time frames. Seems monthly one is
not very useful for sure. Or is it?

Orest
  • #1,396
  • Oct 1, 2008 3:57pm Oct 1, 2008 3:57pm
Dear Everyone,
I have read this system of trader 101 from the post one till date more than 3 times. Yes, the more I read, the beter. However, I have been trading manually without any aids like eas, scripts,robot e.t.c. But with this trader 101 system, I certainly need your help to explain to me what is the different between these underlisted eas/scripts. How are they working? what is the procedure to install them on my chart and to be working fine? I use alpari, and they have all the 14 pairs. Eventhough I do not know anything about ea/script, but I am ready to learn. I have copied the profitcalc and pasted it in my expert advisor/script on my metaltrader alpari and fxpro, it appeared there, I was told to drag it to my chart, which I did with notification of a small envelope, then , nothing happen.I was told to allow the expert advisor from the servser, I did that nothing happen,what else must I need to do? Please explain to me I must know how to use this eas/scripts. Thanks.
Attached Fileshttp://www.forexfactory.com/images/attach/mq4.gifTradeHedge.mq4 (2.3 KB, 1601 views)http://www.forexfactory.com/images/attach/ex4.gif2ProtectAccount.ex4 (3.5 KB, 903 views)http://www.forexfactory.com/images/attach/ex4.gifminiAccountProtect.ex4 (3.5 KB, 621 views)http://www.forexfactory.com/images/attach/ex4.gifProfitCalc_R3.ex4 (1.9 KB, 690 views)
What is the work of TRADEHEDGE.MQ4,2PROTECACCOUNT.EX4,MINIACCOUNTPROTECT.EX4 AND PROFITCALCR3.EX4? what is their difference? how can I install each one of them correctly? can they all be install on alpari? Thank you.
  • #1,397
  • Oct 1, 2008 4:08pm Oct 1, 2008 4:08pm
I would say D->4h->1h definetely define the day trend. Depends what you'd like to do of course. This method could be used for scalping too.

Quoting madscalp
Hi Orest
How do you suggest to use your excellent indy ?
All the TF in the same direction ?
Or only the change of 4 H and 1 H to anticipate a reversal ?
What do you think about ?
  • #1,398
  • Oct 1, 2008 4:17pm Oct 1, 2008 4:17pm
Quoting Orest
I would say D->4h->1h definetely define the day trend. Depends what you'd like to do of course. This method could be used for scalping too.

I am not sure what is wrong with my indicator set up.

i see all the pairs, but they are all set to zero and nothing is changing.

Did i miss something.
  • #1,399
  • Oct 1, 2008 4:31pm Oct 1, 2008 4:31pm
HELLO ALL,

I am planning to give a more extensive explanation of this pair jumpings that i know most of you like to do instead of the 14 pairs straight becaue perhaps of equity problem and too much spread for the broker. In a more orderly manner, if you are interested to attend, I will do in in MSN messenger. You download an MSN messenger and put me as your contact. You have my MSN on the right side of my username. Then you contact at about 6 PM EST then i will initiate and invite for you to join the lecture. At the end of the session i will accept questions. I will limit the the participants so we do it in a fisrt come fisrt serve basis. I did this, not to undermine the forum of FF but i want to save for the the length of the thread whichis becoming unbearable to red anymore. If you are planning to attend make sure you have a copy of this excell sheet that i am attaching to this letter. Please do not ask me how you can have an MSN messenger. Also when you contact me make sure you intorduce your username in FF not anyother name or i migth decline to incite you.
Julius
Attached Image (click to enlarge)
Click to Enlarge Name: t1.GIF Size: 35 KB
  • #1,400
  • Oct 1, 2008 4:39pm Oct 1, 2008 4:39pm
Quoting trader101
HELLO ALL,

I am planning to give a more extensive explanation of this pair jumpings that i know most of you like to do instead of the 14 pairs straight becaue perhaps of equity problem and too much spread for the broker. In a more orderly manner, if you are interested to attend, I will do in in MSN messenger. You download an MSN messenger and put me as your contact. You have my MSN on the right side of my username. Then you contact at about 6 PM EST then i will initiate and invite for you to join the lecture. At the end of the session i will accept questions. I will limit the the participants so we do it in a fisrt come fisrt serve basis. I did this, not to undermine the forum of FF but i want to save for the the length of the thread whichis becoming unbearable to red anymore. If you are planning to attend make sure you have a copy of this excell sheet that i am attaching to this letter. Please do not ask me how you can have an MSN messenger. Also when you contact me make sure you intorduce your username in FF not anyother name or i migth decline to incite you.
Julius
thanks for all you have done. I am wondering if you will be able to record the session some sort of way or at least copy the text. I simply can not attend as I have a meeting at 6 that I must absolutely be at. Maybe you can post it here afterwards or have us email you or something to get the info. I know you are busy and this thread has become way to big to handle, but this would be nice if you could.

I understand perfectly if you can't or even if you just don't feel like it.

Thanks
RT
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