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Simple Trading Method with trader101

  • #1,421
  • Oct 1, 2008 8:12pm Oct 1, 2008 8:12pm
Can someone please share with us here on FF what you learned from Trader101's IM meeting/conference.

Thanks in advance,

TimeFreedom
  • #1,422
  • Oct 1, 2008 8:13pm Oct 1, 2008 8:13pm
Quoting hobnob
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.
hobnob, First you make sure you have MT4 build 218.
TradeHedge.mq4 : a script for open 7 sells + 7 buys. That's your IA
ProfitCalc_R3.ex4 : an EA , after run the TradeHedge , attach ProfitCal_R3 to one of active chart.
2ProtectAccount.ex4 : an EA for use with non-IBFX acct. It does money managements.
miniAccountProtect.ex4: an EA for use w/ IBFX acct.
Hope you know how to put them in correct folder accordingly.
Goodluck
gFX
  • #1,423
  • Oct 1, 2008 8:17pm Oct 1, 2008 8:17pm
id like to know also, especially since im making the ea
so far the rules arent so clear, so the ea isnt by the rules, but id love to make it trade the rules

i havent traded any jumping of pairs in yet, i dont think its worth me trying until i understand

for now, i decided to set can_trade=false
and il tell it when to trade

up to this point, the ea is realy just a tool
i havent gotten it to a point that it will follow the strategy, as im a little confused

bottom line, the ea has all the functionality of this strategy on a single chart, knowing when to pull the trigger is your job

Quoting TimeFreedom
Can someone please share with us here on FF what you learned from Trader101's IM meeting/conference.

Thanks in advance,

TimeFreedom
  • #1,424
  • Oct 1, 2008 8:31pm Oct 1, 2008 8:31pm
iv posted my thoughts on the strategy
and how i interpret it, but no1 has gave me any confirmation if im seeing this right

i suppose i could read the thread 3 times
but so many that have are still confused

honestly, iv spent my time coding
i havent read the whole thread, as its to big

i made it to page 25, and i felt it was like a repeat on every page

i applied what i learned from the first 25 pages to the ea

i realy think i stopped learning after 10 pages

it became to much chit chat, same thing trader101 got frustrated with

im not willing to read 100 pages of bs questions

all i need is input on what needs corrected

far as longing 2 pairs when shorting 12

i think trader101 discarded that

just tell me somewthing the ea isnt doing correctly n il fix it, that simple

i have no list of rules, just this thread

trader101 does not communicate with me outside this thread

if some1 here that understands the system can see something wrong in the ea, tell me, even if its in a pm

il fix it

other than that im done, as i dont know what else to do

if any1 wants to finish the ea, thats ok 2
iv given you a good template to go with
  • #1,425
  • Oct 1, 2008 8:39pm Oct 1, 2008 8:39pm
Quoting trendchaser
iv posted my thoughts on the strategy
and how i interpret it, but no1 has gave me any confirmation if im seeing this right

i suppose i could read the thread 3 times
but so many that have are still confused

honestly, iv spent my time coding
i havent read the whole thread, as its to big

i made it to page 25, and i felt it was like a repeat on every page

i applied what i learned from the first 25 pages to the ea

i realy think i stopped learning after 10 pages

it became to much chit chat, same thing trader101 got frustrated with

im not willing to read 100 pages of bs questions

all i need is input on what needs corrected

far as longing 2 pairs when shorting 12

i think trader101 discarded that

just tell me somewthing the ea isnt doing correctly n il fix it, that simple

i have no list of rules, just this thread

trader101 does not communicate with me outside this thread

if some1 here that understands the system can see something wrong in the ea, tell me, even if its in a pm

il fix it

other than that im done, as i dont know what else to do

if any1 wants to finish the ea, thats ok 2
iv given you a good template to go with
TC, you have it about right. As usual with a thread like this, the useful stuff happens within the first few pages, then the rest is not necessary to understanding the basic system. Reading the first 10 pages or so, then skipping to the last 5 to catch up on latest developments is usually best.

TC, I have experienced your work before. You are a genius. Give the rest of us a few days to try out your ea and we will be straight back to you with a shed-load of requests for enhancements, clarifications etc.

In the meantime, thanks for all you are trying to do for us.

Cheers


  • #1,426
  • Oct 1, 2008 8:40pm Oct 1, 2008 8:40pm
Quoting greenfx08
hobnob, First you make sure you have MT4 build 218.
TradeHedge.mq4 : a script for open 7 sells + 7 buys. That's your IA
ProfitCalc_R3.ex4 : an EA , after run the TradeHedge , attach ProfitCal_R3 to one of active chart.
2ProtectAccount.ex4 : an EA for use with non-IBFX acct. It does money managements.
miniAccountProtect.ex4: an EA for use w/ IBFX acct.
Hope you know how to put them in correct folder accordingly.
Goodluck
gFX

Greenfx08, just been talking with Trader101 - just to confirm, where you have attached the 2 account profit protect files (one for non-IBFX and one for IBFX).

If I am using an IBFX (standard demo) account to open:-

set 1 (buys) gbp/usd, eur/gbp . . . . eur/jpy

set 2 (sells) eur/usd, usd/jpy. . . . eur/chf

then i need to use the mIBFXhedge file - and simply modify without the m's in the script?

sorry to be repeating - just want to be 100%.

Thank you in advance

smyler171
  • #1,427
  • Oct 1, 2008 8:46pm Oct 1, 2008 8:46pm
thank you for the input
when i get no feed back, im thinking 2 things
either the ea is great, and theres nothing to say

or no1 is interested

trader101 said he was gonna thoroughly look through it
i was realy hoping hed give me some rules to code
but i understand, if i were him, id put my trades first

until i get clear rules to correct, im in pause mode

Quoting SteveHopwood
TC, you have it about right. As usual with a thread like this, the useful stuff happens within the first few pages, then the rest is not necessary to understanding the basic system. Reading the first 10 pages or so, then skipping to the last 5 to catch up on latest developments is usually best.

TC, I have experienced your work before. You are a genius. Give the rest of us a few days to try out your ea and we will be straight back to you with a shed-load of requests for enhancements, clarifications etc.

In the meantime, thanks for all you are trying to do for us.

Cheers


  • #1,428
  • Oct 1, 2008 8:54pm Oct 1, 2008 8:54pm
Quoting SteveHopwood
TC, you have it about right. As usual with a thread like this, the useful stuff happens within the first few pages, then the rest is not necessary to understanding the basic system. Reading the first 10 pages or so, then skipping to the last 5 to catch up on latest developments is usually best.

TC, I have experienced your work before. You are a genius. Give the rest of us a few days to try out your ea and we will be straight back to you with a shed-load of requests for enhancements, clarifications etc.

In the meantime, thanks for all you are trying to do for us.

Cheers




TC, Steve

It is my first day of posting on the thread, however I have read ot through and through - similar to what you have done.

I think there may be quite a of us (or just me) that have lost our way with all the recent changes, and need to go back to the basics. From the results that people were posting in the first x amount of pages, the system seems to work well as it was. Obviously if we can all work together to improve it then im sure it can prove even more productive.

I think the fundamentals in terms of manually watching and understanding the IA is priority for people to know how to trade this system. I also think there is still a little confusion around the IBFX / non-IBFX accounts.

What are your thoughts?

Thanks

smyler171

p.s Is there any way we could set up an msn live room so we can all chat freely as we are due to start sessions etc?
  • #1,429
  • Oct 1, 2008 8:59pm Oct 1, 2008 8:59pm
my thoughts are

i dont realy see any change in the system
i ignore all the confusion
from what i learned in the 25 pages, iv seen no changes

if things did change, everything iv been seeing is going with what i learned in the 25 pages
Quoting smyler171
TC, Steve

It is my first day of posting on the thread, however I have read ot through and through - similar to what you have done.

I think there may be quite a of us (or just me) that have lost our way with all the recent changes, and need to go back to the basics. From the results that people were posting in the first x amount of pages, the system seems to work well as it was. Obviously if we can all work together to improve it then im sure it can prove even more productive.

I think the fundamentals in terms of manually watching and understanding the IA is priority for people to know how to trade this system. I also think there is still a little confusion around the IBFX / non-IBFX accounts.

What are your thoughts?

Thanks

smyler171

p.s Is there any way we could set up an msn live room so we can all chat freely as we are due to start sessions etc?
  • #1,430
  • Oct 1, 2008 9:02pm Oct 1, 2008 9:02pm
Quoting trendchaser
thank you for the input
when i get no feed back, im thinking 2 things
either the ea is great, and theres nothing to say

or no1 is interested

trader101 said he was gonna thoroughly look through it
i was realy hoping hed give me some rules to code
but i understand, if i were him, id put my trades first

until i get clear rules to correct, im in pause mode
Yep, just pause for a while and let the rest of us catch up. Trust me, we will let you know what we want pdq. Of course, pdq might take us a while
  • #1,431
  • Oct 1, 2008 9:07pm Oct 1, 2008 9:07pm
I would be all over running this all day and reporting results I find, but I have been waiting for the ea to function on fxdd.
Sorry can't help til that's fixed up.

Quoting trendchaser
thank you for the input
when i get no feed back, im thinking 2 things
either the ea is great, and theres nothing to say

or no1 is interested

trader101 said he was gonna thoroughly look through it
i was realy hoping hed give me some rules to code
but i understand, if i were him, id put my trades first

until i get clear rules to correct, im in pause mode
  • #1,432
  • Oct 1, 2008 9:11pm Oct 1, 2008 9:11pm
one thing id like to share

i mean this ea to be a tool to assist you in trading

i do not mean to make a fully automated ea
the reason is i just dont think its possible

dont let the ea drive
you drive the ea

every ea iv made and shared, is good, but you gotta know how to use it

any ea that is 100% automated carries a huge risk
unless your a millionaire and your prepared to add funds, and get it throuigh the rough times
it just dont work

theres a certain discretion needed, that a ea just dont have

why u think all these commercial ea's eventually fail

what im creating, is a tool
im trying to put everything needed, alerts, anything that will help

but your discretion is the most important ingredient

its up to you to look at the charts n say, no i dont like the looks, il pass this time
  • #1,433
  • Oct 1, 2008 9:15pm Oct 1, 2008 9:15pm
why not test on ibfx
i havent gotten to the fxdd problem yet
but you shouldnt let that hold u up
i promice, its functioning perfect on ibfx

later in the final versions, il either make it work on all brokers, or il make a version for each broker

but during the developement, id hate to have to edit multiple versions
each update

i wont be fixing the fxdd problem till probly next weekend
Quoting tazmaan
I would be all over running this all day and reporting results I find, but I have been waiting for the ea to function on fxdd.
Sorry can't help til that's fixed up.
  • #1,434
  • Oct 1, 2008 9:17pm Oct 1, 2008 9:17pm
Quoting smyler171
TC, Steve

It is my first day of posting on the thread, however I have read ot through and through - similar to what you have done.

I think there may be quite a of us (or just me) that have lost our way with all the recent changes, and need to go back to the basics. From the results that people were posting in the first x amount of pages, the system seems to work well as it was. Obviously if we can all work together to improve it then im sure it can prove even more productive.

I think the fundamentals in terms of manually watching and understanding the IA is priority for people to know how to trade this system. I also think there is still a little confusion around the IBFX / non-IBFX accounts.
It isn't easy to plough through a thread like this. I was lucky - it was only about 40 pages long when a pal directed me to it. When you read those strictures along the lines of "Read the thread. The answers are there" you feel an idiot for not having done so, so you plough on through the next 70 pages forgetting that the instruction was placed when the thread was 70 pages shorter than it was when you first read the instruction.

You are right. First understand the IA. Then, for me, Orest's indi is fantastic and adds hugely to my understanding. After that, Carl's software is a brilliant trading sim in addition to demo trading the basket.

Non IBFX pairs are in T101's first post. For IBFX users, t101 later posted this (remember to add the 'm' for a mini account):



I work this out since i woke up and here it is:
Set 1(The Buys)
1) GBPUSD
2) EURGBP
3) GBPJPY
4) USDCHF
5) NZDUSD
6) AUDJPY
7) EURJPY
Set 2 (The Sells)
8) EURUSD
9) USDJPY
10) AUDUSD
11) NZDJPY
12) GBPCHF
13) CHFJPY
14) EURCHF
  • #1,435
  • Edited 9:57pm Oct 1, 2008 9:40pm | Edited 9:57pm
From T101 (Taken from page 1)


I have abandoned this thread on Sept. 30, 2 weeks from it starting date for the reason that it becomes so disorderly and confusing that readers fail to conduct themselves in an orderly fashion. Also it is becoming so popular that a lot of paid forum/website owners/forex forum administrators injecting ways to herd traffic to their website. In short, the objective of this thread that is to educate the new concept of trading forex was overshadowed by some member’s personal agenda. Consequently, my regular take as a trader dropped significantly as I miss my regular trading because I was too busy answering repetitive and annoying questions from everyday newcomers who are lazy to read.

Anyways I was able to convey here the 1st part of a 3 parts method called “The Basket Trading Strategy” or the “T101 system”. Perhaps when time comes that order will resume in the thread I will come back to continue the other 2 parts. To those who will benefit this method, my only request is to GIVE CREDIT TO WHERE CREDIT IS DUE this is given unselfishly free. Trader101 – Julius F.

So, you guys wanna learn part 2 and 3 or continue to do what you guys are doing now ? What we are using now is only 1/3 of the "real" T101 system. You guys are getting too far away by trying to take more than what part 1 give. Just stick to what T101 teach us, learning more might be good or bad, but learning only what T101 had taught is no doubt a good thing. If you only read what T101 had taught and instead of what others trying to teach , you can finish reading this thread from the 1st page to the last quickly and easily without confusing yourself. If you tried to understand everyone's version of their T101 system, you will eventually end up asking questions which shouldn't be ask
  • #1,436
  • Oct 1, 2008 10:03pm Oct 1, 2008 10:03pm
Ok TC,
Now that I know you won't be fixing it soon, I'll go ahead and grab ibfx.
Thanks for letting me know.

Quoting trendchaser
why not test on ibfx
i havent gotten to the fxdd problem yet
but you shouldnt let that hold u up
i promice, its functioning perfect on ibfx

later in the final versions, il either make it work on all brokers, or il make a version for each broker

but during the developement, id hate to have to edit multiple versions
each update

i wont be fixing the fxdd problem till probly next weekend
  • #1,437
  • Oct 1, 2008 10:13pm Oct 1, 2008 10:13pm
well, honestly, i sat up 40 hrs straight working on this ea, iv had threads my self

if its up to the users, the ppl with there own agendas, who want to push traffic to there site
this will never happen, because youl never stop them
if you cant ignore them, or overlook them, then your doomed

if trader101 thinks that hes gonna make the public do it his way, he was wrong

if i knew he was so weak, i wouldnt have wasted my time on this

these are bs excuses, hes already made threads n he knows how it works, to be dissapointed n give up on the good ppl just isnt right

you show me a public thread that dont have this

you can expect some1 new every hr with a repetitave question
thats life, you nor any1 else will change that

if trader101 wants to realy share n give from his heart, hel deal with this

im realy disapointed the way this turned out
i wouldnt have even gotten involved had i knew he cant handle some dumb post

it looks like the fate of this thread is up to the dumb posters

so? where u think this threads going?


i realy dont see a problem
all he had to do was ignore them post
he dont have to read every page, reply to every post

hes just in the wrong frame of mind to do this

i dont blame him for putting his self first
id do the same
but youl never see me go out over dumb posts
its embarassing





Quoting j84
From T101 (Taken from page 1)


I have abandoned this thread on Sept. 30, 2 weeks from it starting date for the reason that it becomes so disorderly and confusing that readers fail to conduct themselves in an orderly fashion. Also it is becoming so popular that a lot of paid forum/website owners/forex forum administrators injecting ways to herd traffic to their website. In short, the objective of this thread that is to educate the new concept of trading forex was overshadowed by some member’s personal agenda. Consequently, my regular take as a trader dropped significantly as I miss my regular trading because I was too busy answering repetitive and annoying questions from everyday newcomers who are lazy to read.

Anyways I was able to convey here the 1st part of a 3 parts method called “The Basket Trading Strategy” or the “T101 system”. Perhaps when time comes that order will resume in the thread I will come back to continue the other 2 parts. To those who will benefit this method, my only request is to GIVE CREDIT TO WHERE CREDIT IS DUE this is given unselfishly free. Trader101 – Julius F.

So, you guys wanna learn part 2 and 3 or continue to do what you guys are doing now ? What we are using now is only 1/3 of the "real" T101 system. You guys are getting too far away by trying to take more than what part 1 give. Just stick to what T101 teach us, learning more might be good or bad, but learning only what T101 had taught is no doubt a good thing. If you only read what T101 had taught and instead of what others trying to teach , you can finish reading this thread from the 1st page to the last quickly and easily without confusing yourself. If you tried to understand everyone's version of their T101 system, you will eventually end up asking questions which shouldn't be ask
  • #1,438
  • Oct 1, 2008 10:19pm Oct 1, 2008 10:19pm
looks like this thread will die soon
iv worked to hard to just quit
if this thread closes, il be moving to my forum

this place is to unorganized, at my place, id have 10 threads on this

Quoting tazmaan
Ok TC,
Now that I know you won't be fixing it soon, I'll go ahead and grab ibfx.
Thanks for letting me know.
  • #1,439
  • Oct 1, 2008 10:33pm Oct 1, 2008 10:33pm
and no im not trying to attract any1 to my forum, i could care less
i have nothing to gain

the fact is, i document my work, and i do this at my place

my number 1 reason is i do not agree with forex factory rules, im sure some of you here already know that

to me, ff is very very pregudist, iv had my conflicts here, i see several member names below that know this

i have a uncurable grudge actually

i believe in freedom, ff believes in advertisement and traffic

if this thread dies, i die with it

(far as this strategy)
  • #1,440
  • Oct 1, 2008 10:33pm Oct 1, 2008 10:33pm
Hi TrendChaser,

I've been using the EA for a couple days, updating as you've released new versions.

Currently with version 2.4, I was able to witness on two occasions today where the signal went from ranging to buy, but the buy signal lasted literally a second then it went back to ranging. The pairs were purchased during the one second window, and then the trend eventually went short and the basket was stopped out.

In this case it seems like if a delay was introduced, such as the buy/sell signal must be present for X amount of seconds or X number of ticks, it might give a better indication that the trend is on its way and avoid the whipsaw effect.

I have a PC at home running it 24x7 and check in on it several times a day from work via remote desktop.
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