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My first attempt at T101's basket method... 2 replies

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  • #101
  • Oct 1, 2008 1:00pm Oct 1, 2008 1:00pm
hi!

sorry for the late reply i was sleeping
and today is Eid here so thats why too

anyway here is the my complete answers to all the queries

well first of all i want to say that the basic thing which trader101 teach us that the pair move he dont say anchor or anything else
so when the pair moves up or down no matter on which slot we acn trade it

2ndly i long usdchf and its a common sense that the usdchf and eu is opposite each other so it means that if long USDCHF so the EU is 100% short so i do the same which is normally a common sense

and also i trade specific pairs means to say that i watch some pairs which i think are nice to trade like eu gu gj usdchf ucad and some times ej and uj i ont look on any other pairs coz i just think they cant move much this is just my humble opinion nothing else u can trade all 14 if you want

finally what i see in the software no matter which is anchor pair of up or down i see the basis movement means to say for example if the EU is on number 3 and down to number 5 means to say that EU is a buy and if buy down we sell so i do the same i dont see what is bias or anything else

one guy ask that why i wont trade bias which is minus so i need to trade all pairs in short this is totally wrong i think you cant read the whole trader 101 thread which clearly says that single pair movement so u need to read the thread again we dont need to open sell for all 14 pairs but this is a option that we can do that thing too but not necessary man

i hope all the questions are answers and if i can help any one else i am here to serve

HOPE ALOT OF PIPS WITH YOU

thanks
Netwise
  • #102
  • Oct 1, 2008 1:18pm Oct 1, 2008 1:18pm
..... but I also trade the pairs on the ends [up/down] whenever I can get in at a better point. I think this is so wide open as to how we want to use this soft.. Find what works for you and it is good. This helps with many areas including Price Action .... but it is not limited by this alone. IMO
  • #103
  • Oct 1, 2008 1:18pm Oct 1, 2008 1:18pm
Quoting netwise
hi!

sorry for the late reply i was sleeping
and today is Eid here so thats why too

anyway here is the my complete answers to all the queries

well first of all i want to say that the basic thing which trader101 teach us that the pair move he dont say anchor or anything else
so when the pair moves up or down no matter on which slot we acn trade it

2ndly i long usdchf and its a common sense that the usdchf and eu is opposite each other so it means that if long USDCHF so the EU is 100% short so i do the same which is normally a common sense

and also i trade specific pairs means to say that i watch some pairs which i think are nice to trade like eu gu gj usdchf ucad and some times ej and uj i ont look on any other pairs coz i just think they cant move much this is just my humble opinion nothing else u can trade all 14 if you want

finally what i see in the software no matter which is anchor pair of up or down i see the basis movement means to say for example if the EU is on number 3 and down to number 5 means to say that EU is a buy and if buy down we sell so i do the same i dont see what is bias or anything else

one guy ask that why i wont trade bias which is minus so i need to trade all pairs in short this is totally wrong i think you cant read the whole trader 101 thread which clearly says that single pair movement so u need to read the thread again we dont need to open sell for all 14 pairs but this is a option that we can do that thing too but not necessary man

i hope all the questions are answers and if i can help any one else i am here to serve

HOPE ALOT OF PIPS WITH YOU

thanks
Netwise
Thank you for the prompt response>
Do you start the hegde at the beginning of the week or on a daily basis?
  • #104
  • Oct 1, 2008 1:22pm Oct 1, 2008 1:22pm
Quoting aelimian
Thank you for the prompt response>
Do you start the hegde at the beginning of the week or on a daily basis?
daily base starts on tokyo end with us
work hard to earn big
  • #105
  • Oct 1, 2008 1:23pm Oct 1, 2008 1:23pm
Quoting ut2DaMax
..... but I also trade the pairs on the ends [up/down] whenever I can get in at a better point. I think this is so wide open as to how we want to use this soft.. Find what works for you and it is good. This helps with many areas including Price Action .... but it is not limited by this alone. IMO
yes this is good too bro
  • #106
  • Oct 1, 2008 1:46pm Oct 1, 2008 1:46pm
I posted version 13 to the 1st post.

Now you can open a trade and let this thing update the log freely. Then save the log file to a text file. You can open the text file up in notepad or excel to see the progression of the bias data recorded.

I wanted to be able to do that so I could possibly see a pattern in the data.

The text file will be written in your MT4/experts/files directory, its file name will be the date and time.

Have Fun... profitably.

Carl
  • #107
  • Oct 1, 2008 2:28pm Oct 1, 2008 2:28pm
Netwise, So you're living where everyone's celebrating Eid? Me too, I'm in Bahrain.

It seems to me a key question related to the movement of pairs is how long they stay moved to a new slot. On the hourly list they of course hop up and down and its easy to get whipsawed if you trade each movement. Do you compare the 4H to the movement in the 1H and wait to see if pair shifts stay in their new slot before trading them?

I suggested to Carl/Codzilla that maybe a timer on pair movement could be helpful with a highlight if a pair has stayed in a new slot for a specified length of time. Maybe just add to the confusion...?

One question I'm not clear on is whether the 'anchor' pairs are fixed by the original hedging position of the balanced 14 pairs. So UC and GU would always be the opposing anchors. Or, if the anchors are re-set at significant time periods like 1W or 1D. What's your take on that?

LeoM


Quoting netwise
hi!

sorry for the late reply i was sleeping
and today is Eid here so thats why too

HOPE ALOT OF PIPS WITH YOU

thanks
Netwise
  • #108
  • Oct 1, 2008 2:31pm Oct 1, 2008 2:31pm
I opened one with 9/30/2008 and the other instance with today as reference.

The 9/30 ref bias showed diffinitive sell-side pressure.
The 10/1 ref bias was slightly positive.
I waited until the 10/1 went negative, so they both showed sell pressure and pulled the sell-basket trigger.

25 minutes later, up 177 pips (minus spread).

Its a lot like using indicators in different timeframes, except I didn't use any charts.

Carl
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  • #109
  • Oct 1, 2008 2:37pm Oct 1, 2008 2:37pm
Quoting crodzilla
I posted version 13 to the 1st post.
Your generosity is an example to us all. Thanks for all your hard work.

  • #110
  • Oct 1, 2008 3:22pm Oct 1, 2008 3:22pm
Hey Carl,
I was wondering.. since we all like to look at multiple reference windows, would it be too difficult for you to add an option to open more than one reference in the program itself rather than opening more than one program?
Just a suggestion, I don't expect a response. Thank you for all the hard work you have done!

Kind of like the screenshot below.

Thanks,
Luke
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  • #111
  • Oct 1, 2008 3:24pm Oct 1, 2008 3:24pm
Hey Netwise, your results are very impressive, and I don't mean to sound like the bad guy, but I think that what you are doing it's not fully correct (I hope I'm wrong ).
As I understand, the whole idea of this basket trading is that you get the feel of the movement of the currencies. Also, buying the whole basket in one direction, gives you a high probability trade.
What I'm concern by looking at your interpretation of the method, is that when a pair jumps up or down it doesn't necessarily means that that specific pair is moving, only that the pair was overtaken by another that is gaining more profit that the first one.
Please see attached pic for better understanding.
I think that this week is very special due to the bailout (BTW, sign it already!!! ), and that your results might be responding to this other than the implementation of the method itself (randomly if you wish). If you are doing a lot of trading, your positives results will statistically increase.
I guess what I'm trying to say is how you determine whether the "signal" (jump up or down) is good or only a whipsaw?
Again, I'm not trying to discourage you, I'm just trying to help myself and others to understand the method better so we can all benefit from it. "A lot of heads think more than one".
Maybe if you can post two pics, one before you make the trade, and one after, we can see it better.

By the way, if this really works, after a couple of days I offer myself to make a video explain it, but first I have to understand it myself, so don't be impacient

Anyway, hope I'm wrong, wish you and the rest of the gang a lot of pips.

C-ya

Attached Image
3rd World Trading
  • #112
  • Oct 1, 2008 3:32pm Oct 1, 2008 3:32pm
I just wanted to thank again to Crodzilla for all the hard work he's been doing with this amazing piece of art.
I just wanted to make a suggestion.
It will be helpful, if you have the time and want to, of course, if we can set the reference time to a particular hour, this way we get to see the action from specific market's open, for example, as I believe that between London open and (maybe) NY close is the best time to trade.
I know someone already asked you before, but I just wanted to express that I think that it will be useful too.
Anyway, thank you once again, I hope life gives you a 1000 times back in reward for all your great efforts and work.

3rd World Trading
  • #113
  • Oct 1, 2008 3:41pm Oct 1, 2008 3:41pm
Quoting adesalambrar
Hey Netwise, your results are very impressive, and I don't mean to sound like the bad guy, but I think that what you are doing it's not fully correct (I hope I'm wrong ).
As I understand, the whole idea of this basket trading is that you get the feel of the movement of the currencies. Also, buying the whole basket in one direction, gives you a high probability trade.
What I'm concern by looking at your interpretation of the method, is that when a pair jumps up or down it doesn't necessarily means that that specific pair is moving, only that the pair was overtaken by another that is gaining more profit that the first one.
Please see attached pic for better understanding.
I think that this week is very special due to the bailout (BTW, sign it already!!! ), and that your results might be responding to this other than the implementation of the method itself (randomly if you wish). If you are doing a lot of trading, your positives results will statistically increase.
I guess what I'm trying to say is how you determine whether the "signal" (jump up or down) is good or only a whipsaw?
Again, I'm not trying to discourage you, I'm just trying to help myself and others to understand the method better so we can all benefit from it. "A lot of heads think more than one".
Maybe if you can post two pics, one before you make the trade, and one after, we can see it better.

By the way, if this really works, after a couple of days I offer myself to make a video explain it, but first I have to understand it myself, so don't be impacient

Anyway, hope I'm wrong, wish you and the rest of the gang a lot of pips.

C-ya

My thoughts also! but netwise seams to be longer with this strat so I think he knows how to handle this kind of trading. ok as you said pictures would
help (before trading and after) but maybe this is to much stress if you must do all manually-!

just my 2 cents

derunentwegte
  • #114
  • Oct 1, 2008 3:52pm Oct 1, 2008 3:52pm
Only time will tell!
Im not posting anymore becouse this is all a guess!
But for now Im with you guys, basket is much more profitable,
safer and easyer to trade.

Respect
forexflash
  • #115
  • Oct 1, 2008 3:55pm Oct 1, 2008 3:55pm
Your example I think does not hit the point bc you also have to watch what pair is overtaking the other and why - is the one sinking or the other climbing or both so changing the slot alone says not to much alone. I think this is not and will never be mechanik system you must watch and study why this happens.
Its only my thinking I didt study the system enough.

The watching is the bigger part I think and then make your mind what to do.


regards derunentwegte
  • #116
  • Oct 1, 2008 4:04pm Oct 1, 2008 4:04pm
Did u watch these videos? They might help you. [last post]

http://www.forexfactory.com/showthre...107119&page=24
  • #117
  • Oct 1, 2008 4:06pm Oct 1, 2008 4:06pm
Hi CArl

While ,as all here, I greatly appreciate ur great work and i thank u 4 that, though I noticed something strange: The two versions gives different numbers though the reference date is the same

This happens only on the 30th of september till now...the preceding references have matching values

Regards Franco
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  • #118
  • Oct 1, 2008 4:06pm Oct 1, 2008 4:06pm
Hobnob,
Hndyman made several tutorial movies which walk you through the setup of MT4 accounts and the placement of the files you ask about. Some of these are scripts, some are indicators, and some experts. His movies explain which are which and are on post #360 on the other thread.
  • #119
  • Oct 1, 2008 4:20pm Oct 1, 2008 4:20pm
Tisk tisk Hobnob,

Please do not post any EA's indicators etc. Please do not answer any questions relating to EA's here in this thread. This is not the thread to do that.

This thread is for the standalone program and discussion of its use pertaining to the T101 methodology.

I will report any more of these occurances to the proper authorities of the FF board.

Thank you for your cooperation.

Carl
  • #120
  • Oct 1, 2008 4:31pm Oct 1, 2008 4:31pm
Yes. The occasion that this will happen is because... if you choose a reference date that is the current day, the reference becomes the exact time that you started the program.

So, if you start 2 different programs with the reference being the current day, the reference will be at a different time.

So, if are really good, you can use one of those utilities that will automatically run programs at a selected time, ie. before Asian open, before London open, etc. When the program runs, it loads all the reference data right away. So, when you get up in the morning (my example), you will have an instance running that will use the London open as current day reference.

That is until I get the ability to select the reference hour programmed in.

Carl

Quoting corvogrigio
Hi CArl

While ,as all here, I greatly appreciate ur great work and i thank u 4 that, though I noticed something strange: The two versions gives different numbers though the reference date is the same

This happens only on the 30th of september till now...the preceding references have matching values

Regards Franco
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