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Simple Trading Method with trader101

  • #1,441
  • Oct 1, 2008 10:39pm Oct 1, 2008 10:39pm
unfortunatly the market has unlimited conditions, no matter what we do, that can happen

thats the battle that most ppl fail trying to overcome, the only solution is to use your discretion

we can add a pause, at some point itl fail, we can increase the pips, but eventually the right condition will get us

this is exactly why i say i intended this ea to be a tool
Quoting Skysurfer
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.
  • #1,442
  • Oct 1, 2008 10:42pm Oct 1, 2008 10:42pm
i recommend u use the alert feature, when u get a alert, check the charts, if were at s/r or a good place that u think this was a pull back, pass up the trade

babypips.com has some great examples of how sup becomes new res

if you see it like that, pass it up, or trade it opposite

look at the candle formation, patterns, ect...ect...

your discretion is the number 1 ingredient
  • #1,443
  • Oct 1, 2008 10:56pm Oct 1, 2008 10:56pm
Quoting smyler171
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
smyler171, You are right on the mIBFXhedge script file. You need to play w/ the other two EAs ProfitProtect to see what work for you ( Demo only of course).
gFX
  • #1,444
  • Oct 1, 2008 11:11pm Oct 1, 2008 11:11pm
Orest,

Thanks for your work on the Indicator! To remedy the 4hr problem when you're in the first hour, yielding results similar to the 1hr bar. A potential work around for this is to pull data from the 1 hr bar and using bars_back (shift) of 4 or 3, depending how you want to look at the 4 hour period. Do you want this period to be btwn 3-4hrs (shift 3) or 4-5hrs (shift 4)?

dee
  • #1,445
  • Oct 1, 2008 11:17pm Oct 1, 2008 11:17pm
Quoting trendchaser
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)
TC, Thank you for your hard work on this EA. Until Trader101 come back , I just playing around w/ these tools.
gFX
  • #1,446
  • Oct 1, 2008 11:24pm Oct 1, 2008 11:24pm
maybe hel come back, who knows

until then, iml take a break my self
iv worn my self out the past few days

and if he does come back, some1 else will likely do a ea, as i wont do no more until i understand the strategy, plus the 2nd n 3rd fase

il check this thread daily, but just as a prospector

Quoting greenfx08
TC, Thank you for your hard work on this EA. Until Trader101 come back , I just playing around w/ these tools.
gFX
  • #1,447
  • Oct 2, 2008 12:16am Oct 2, 2008 12:16am
Please help me out here...

Im the only newbie lost in this great thread.
I saw this whole thread five times already...

I always traded manually so I dont have any idea how to work with the ea's and scripts.

I saw the friendly video and tried on my demo account.

Im trying to set it like this.
IA (the demo account) : Interbank fx trader
real account : FX Pro

I downloaded the "scripts" file of Trendchaser and copied them to my demo account's script folder(all of them)

I also downloaded t101 v2.4ea.mq4, profit calc R3, mini account protect, 2protect account to my demo account's expert folder.

and I copied ProfitCalc.ex4, tradehedge.ex4, profitcalc_graphical.ex4, profitgraphBUY.ex4, profitgraphSell.ex4 to exper/indicators folder.

I opened the interbank fx(demo) and clicked the tradehedge then it began to buy and sell.

When I opened the t101 v2.4ea i thought I could see my platform looking like Trendchaser's screen.
Mine did not have anything like that.. just the normal green black bar graph.

I'm so confused...

Could someone please tell me how to set up?
  • #1,448
  • Oct 2, 2008 12:25am Oct 2, 2008 12:25am
could u post a screen shot?
right click the chart
save as picture
upload here
Quoting yayforex
Please help me out here...

Im the only newbie lost in this great thread.
I saw this whole thread five times already...

I always traded manually so I dont have any idea how to work with the ea's and scripts.

I saw the friendly video and tried on my demo account.

Im trying to set it like this.
IA (the demo account) : Interbank fx trader
real account : FX Pro

I downloaded the "scripts" file of Trendchaser and copied them to my demo account's script folder(all of them)

I also downloaded t101 v2.4ea.mq4, profit calc R3, mini account protect, 2protect account to my demo account's expert folder.

and I copied ProfitCalc.ex4, tradehedge.ex4, profitcalc_graphical.ex4, profitgraphBUY.ex4, profitgraphSell.ex4 to exper/indicators folder.

I opened the interbank fx(demo) and clicked the tradehedge then it began to buy and sell.

When I opened the t101 v2.4ea i thought I could see my platform looking like Trendchaser's screen.
Mine did not have anything like that.. just the normal green black bar graph.

I'm so confused...

Could someone please tell me how to set up?
  • #1,449
  • Oct 2, 2008 12:31am Oct 2, 2008 12:31am
oh i see, your chart has nothing, well its probably got something by now
after a tick, the ea tries to dl data from 14 pairs, sometimes that takes a minute



Quoting yayforex
Please help me out here...

Im the only newbie lost in this great thread.
I saw this whole thread five times already...

I always traded manually so I dont have any idea how to work with the ea's and scripts.

I saw the friendly video and tried on my demo account.

Im trying to set it like this.
IA (the demo account) : Interbank fx trader
real account : FX Pro

I downloaded the "scripts" file of Trendchaser and copied them to my demo account's script folder(all of them)

I also downloaded t101 v2.4ea.mq4, profit calc R3, mini account protect, 2protect account to my demo account's expert folder.

and I copied ProfitCalc.ex4, tradehedge.ex4, profitcalc_graphical.ex4, profitgraphBUY.ex4, profitgraphSell.ex4 to exper/indicators folder.

I opened the interbank fx(demo) and clicked the tradehedge then it began to buy and sell.

When I opened the t101 v2.4ea i thought I could see my platform looking like Trendchaser's screen.
Mine did not have anything like that.. just the normal green black bar graph.

I'm so confused...

Could someone please tell me how to set up?
  • #1,450
  • Oct 2, 2008 12:37am Oct 2, 2008 12:37am
Could be done, but don't you think it's confusing? The Column would still show 4h. I could change to 5h of course. Worths the efforts?

Do you guys think would it be useful to show from what slot number this pair jumped from with arrow up or down? (irrelovant to previous issue)

To those who asked about pips discrepancies. I start all time frames like day, week, etc from 00:00 GMT. Week starts from Sunday.


Quoting dee
Orest,

Thanks for your work on the Indicator! To remedy the 4hr problem when you're in the first hour, yielding results similar to the 1hr bar. A potential work around for this is to pull data from the 1 hr bar and using bars_back (shift) of 4 or 3, depending how you want to look at the 4 hour period. Do you want this period to be btwn 3-4hrs (shift 3) or 4-5hrs (shift 4)?

dee
  • #1,451
  • Oct 2, 2008 12:44am Oct 2, 2008 12:44am
Thank you so much trendchaser for replying to me

Im confused why my screen doesn't look like yours..

yours have something like "strong" or "long".

I'm also not sure after setting my IA,

how to set my real account to actually do it..
Attached Image(s) (click to enlarge)
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  • #1,452
  • Oct 2, 2008 1:04am Oct 2, 2008 1:04am
looks like you posted my chart, the chart on top doesnt have the ea on it, so thats 1 reason
Quoting yayforex
Thank you so much trendchaser for replying to me

Im confused why my screen doesn't look like yours..

yours have something like "strong" or "long".

I'm also not sure after setting my IA,

how to set my real account to actually do it..
  • #1,453
  • Oct 2, 2008 1:11am Oct 2, 2008 1:11am
I see there's the smile face with the ea but

nothing happens.. just like that.
Attached Image (click to enlarge)
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  • #1,454
  • Oct 2, 2008 1:30am Oct 2, 2008 1:30am
TC, been testing 2.4 for a day. Find myself -270. Had a 10% loss and a couple small wins, ranging now I'll see how it looks when I wake up. I like what I've see so far but as you have stated 101 has left us hanging.

101, don't answer the stupid questions, there are enough active members here that understand phase 1 that will gladly answer those people. At least give us the rest of the system. You took to long in giving us phase 2 and 3, people were modifying phase 1 because they were waiting for more from you. I know you were waiting for everyone to catch the first part before giving us more but look what happened. Your system has a great start to it so please give us the rest of it.
  • #1,455
  • Oct 2, 2008 1:33am Oct 2, 2008 1:33am
Orest,
As I read SMJones .doc file that summarizes Trader 101's basic strategy it reminds me that the movement of the two 'anchor pairs' is very significant in setting up and indicating a major trend shift. Could you consider adding a graphic detail that highlights these such as either bolding them or changing the green to lime and red to orange, etc.? Also maybe a horz. line or visual gap between the uppper set and lower set??

I've played around with the code in your indicator and have achieved the color switch but managed to mess up other functions somehow.

A question which goes back to still trying to understand our mentors basic strategy is; whether the anchor pairs can switch off, determined at beginning of each time period. Or if they are always the GU and CU (depends on broker).

Last in terms of which pairs to highlight; is the settling in period which T101 said takes two days, accomplished by the look back period in your indicator? That is, in the Daily collumn is the stacking order equal to the settling in T101 describes?




Quoting Orest
Could be done, but don't you think it's confusing? The Column would still show 4h. I could change to 5h of course. Worths the efforts?

Do you guys think would it be useful to show from what slot number this pair jumped from with arrow up or down? (irrelovant to previous issue)

To those who asked about pips discrepancies. I start all time frames like day, week, etc from 00:00 GMT. Week starts from Sunday.
  • #1,456
  • Oct 2, 2008 1:35am Oct 2, 2008 1:35am
Quoting yayforex
I see there's the smile face with the ea but

nothing happens.. just like that.
You have to go to the code and get rid of all the m's attached to the pairs. TC coded it for a .001 account. When you think you have gotten all the m's in the code then compile and save as whatever you want to call it.
  • #1,457
  • Edited 2:44am Oct 2, 2008 2:32am | Edited 2:44am
Quoting qz10cq
You have to go to the code and get rid of all the m's attached to the pairs. TC coded it for a .001 account. When you think you have gotten all the m's in the code then compile and save as whatever you want to call it.
There are many,many "m" in the code and after it's the same problem: the EA doesn't work.
  • #1,458
  • Oct 2, 2008 2:33am Oct 2, 2008 2:33am
well you guys have achieved what you wanted alias names but the same virus that spreads through threads great programers but the guy who started the thread has had enough

trend chasers was a new alias but your brilliant work has identity stamped over it congradulations the thread originater has left in frustration

you guys work that dominates a thread have completed again your task

ive invited 101 to use live trading rooms to demonstrate live his concept in peace , where his thread is not dominated by indicaters

you guys have a great website with all your indicaters .

the dark side yagoda i suspect is moving to another galaxy

where he can make his own money and share with traders who want to learn

great job guys , you managed to kill another great thread, i know how it feels

alias names cant ff see whats going on,

at least on my site its free with out you guys and we show reality live trading

with out burying guys with indicaters , great programers trend chaser code muncher, kyle ect ect, how many identity names but your work ends up on your site after you destroyed others site

have the courage of your convictions publish your site now then you can work with other programers iadmire your work not your actions

maybe i should join you i have your web address one member gave it to me
and now i know your real name you tried to crash our site to
even tried to send me an email to convince us it wasnt you
im asured you are a great guy but personaly ithink your honesty stinks

but like yagoda i finally saw the dark side

unfortunaly a change of name is hard to pick but your ear mark is all over your great programing skills

thats my opinion from brian
  • #1,459
  • Oct 2, 2008 2:36am Oct 2, 2008 2:36am
Quoting trendchaser
maybe hel come back, who knows

until then, iml take a break my self
iv worn my self out the past few days

and if he does come back, some1 else will likely do a ea, as i wont do no more until i understand the strategy, plus the 2nd n 3rd fase

il check this thread daily, but just as a prospector
Hi TC,
I was at the msn meeting yesterday, we learnt a lot of things, a complete recording of the meeting will be posted here later, it was the first part concerning the slot jumps and the trading of only separated pairs (the 14 straight will be explained in the next meeting).
When you'll read the recording, you'll understand a lot in the logic of the method, T101 said also that it would not work with an EA.
You should attend these meetings, we learn more in 1h than here in hundred posts.
Regards,
Manu
  • #1,460
  • Oct 2, 2008 2:43am Oct 2, 2008 2:43am
Quoting madscalp
There are many,many "m" in the code and after it's the same problem: the EA don't work.
MS, it works for me on any broker.
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