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Simple Trading Method with trader101

  • #1,601
  • Oct 3, 2008 6:58am Oct 3, 2008 6:58am
I am closing all my trades, and bank in all the profits, I dont want to subject my profits to the NFP report. after this report should it be ok again i will just reenter. Or I will just be in the side line should there will be a signing of the 700B bill by congress then i will take advantage of any positive move by the USD. Just a suggestion, i dont normally trade on Friday...
Julius
  • #1,602
  • Oct 3, 2008 7:00am Oct 3, 2008 7:00am
Agent-Pippen

If that method works for you, then you should pursue it. But if you are going to trade on strengths and weaknesses, you can probably get a better idea of that simply by pulling up charts and making your own observations. If EUR/USD is going up and USD/JPY is going up, you can safely assume that EUR is stronger than JPY, and you can go long EUR/JPY...in theory. This is a very difficult strategy to trade, because these strengths and weaknesses can be very fleeting and temporary. And plus you could be getting in at the top or bottom of the move.

I may be wrong, but I think the basket hedge is going after a different piece of the pie and is presenting you with a balance or imbalance of pairs and giving you an overall market strength (sells or buys) to work with, which over time, should be more reliable.

You can also buy currency meters (software), if you just want to trade Strengths and Weaknesses.

But again, if it works for you, then thats your angle and your edge and you should keep working it.
  • #1,603
  • Oct 3, 2008 7:27am Oct 3, 2008 7:27am
Quoting trader101
Steve..
Thanks for your contribution especially the part that it check the status of trade sending, that helps the trader. Take note the we are not implementing the optimization at the moment. I suggest you withdraw this scripts for now until we enter the 2nd phase of the this method, this is to avoid any confusion.
Julius
Tis done.

  • #1,604
  • Oct 3, 2008 7:40am Oct 3, 2008 7:40am
I have been doing a bit of coding.

Attached are the IBFX mini account trade sending scripts with some error trapping.

At the end of its run, the script shows a message with the number of basket trades opened that have the same magic number.

If that number is less than 14, simply drag the script onto a chart until the number finally reads 14 - it does not send duplicate trades because it checks to see if they exist before sending a trade.

I can easily do the same to the non-IBFX scripts if anyone wants me to.


Attached File(s)
File Type: mq4 mIBFX_buy.mq4   5 KB | 1,250 downloads
File Type: mq4 mIBFX_sell.mq4   5 KB | 1,201 downloads
  • #1,605
  • Oct 3, 2008 7:59am Oct 3, 2008 7:59am
im going in short again. signal on daily just changed to short
  • #1,606
  • Oct 3, 2008 8:04am Oct 3, 2008 8:04am
Iam short IBFX

EDIT: Stopped out at $310 profit. A nice weekend treat. thanks
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  • #1,607
  • Oct 3, 2008 8:08am Oct 3, 2008 8:08am
I have been following this thread almost from the beginning. trader101's system has got allot of potential, the feedback and enthusiasm from the members is really great.

Because trader101's system is so new and the potential is so great, we each seem to have our own big bang theory experiment going on.

In the pursuit of trader101's system we have great programmers and theorists in this thread all putting in their own two cents worth. The only problem is that there is so many different indicators and programs going on at the same time making it very confusing for the comma man.

I for one do not want to limit or discourage anyone from putting in their own two cents in this thread. As they say 2,3,5,21,34 heads are better than 1.

So what i suggest is to separate the different trader101's methods by putting in the ID name in the indicator name. The person who started the different angle to trader101's system should have their name on it. This way it would be easier for the comman man to follow trader101's system theory. And others can follow the system that they like the best.
e.g. T101 xxxxx xxx.ex/mq4, trendchaser xxxxx xxx.ex/mq4, Orest xxxxx xxx.ex/mq4, etc. etc.

I don't mean that they should start their own thread as long as it is totally related to trader101's system.

This is just my two cents worth and i think it will make following a certain angel of trader101's system easier.

JTH
  • #1,608
  • Oct 3, 2008 8:10am Oct 3, 2008 8:10am
Quoting smjones
Iam short IBFX
thanks again.
  • #1,609
  • Oct 3, 2008 8:17am Oct 3, 2008 8:17am
I'm new to this system and learning - please could you explain your entry and exit - what stopped you out?

Cheers

Red

Quoting smjones
Iam short IBFX

EDIT: Stopped out at $310 profit. A nice weekend treat. thanks
  • #1,610
  • Oct 3, 2008 8:20am Oct 3, 2008 8:20am
Please do. Thank you.

Quoting SteveHopwood
I have been doing a bit of coding.

Attached are the IBFX mini account trade sending scripts with some error trapping.

At the end of its run, the script shows a message with the number of basket trades opened that have the same magic number.

If that number is less than 14, simply drag the script onto a chart until the number finally reads 14 - it does not send duplicate trades because it checks to see if they exist before sending a trade.

I can easily do the same to the non-IBFX scripts if anyone wants me to.


  • #1,611
  • Oct 3, 2008 8:22am Oct 3, 2008 8:22am
Quoting jth
This way it would be easier for the comman man to follow trader101's system theory. And others can follow the system that they like the best.
e.g. T101 xxxxx xxx.ex/mq4, trendchaser xxxxx xxx.ex/mq4, Orest xxxxx xxx.ex/mq4, etc. etc.
Orest is 100% the same ida of T101, or 99%. He is trying to convert T101 spreadsheet , there is not different.

i like to request to T101 please to point exactly what tabs he uses with Orest indicator and if it is the case point what should be the default tabs to do not have confunsion. For example, the "last 4hours" was with a "perfect setup" in the las few minutes, then USDCHF jumpd uo and USDCAD jumped down. But different setups happened at 1 hour tab.

and like to know T101 about this indicator in smjones chart, i think this is the best idea too: line charts. In his case he has a balance line. But i think a line with all pairs would be perfect. I know that the problem with it is scale. I have some indicators with multiple pairs and they don't work properly with relative scales. Maybe this is wat smjones coded a balance line...


with a line chart there is 0 ambiguity. T101 If my idea is really bad please let me know and i will delete to not cause confunsion.

and sorry for my bad English.
  • #1,612
  • Oct 3, 2008 8:24am Oct 3, 2008 8:24am
Quoting redart007
I'm new to this system and learning - please could you explain your entry and exit - what stopped you out?

Cheers

Red
I just followed the rules as they are outlined in the thread and also in at least 3 doc files. and one of my posts a little bit ago. It's all there and is an incredable read.

Daily is still short. Hint, a sell from the bottom hits the top anchor. Ok, one more hint, look at post number ones ea attatchement then look in thethread or in one of the doc files for how it works.
  • #1,613
  • Oct 3, 2008 8:29am Oct 3, 2008 8:29am
Question about Orest Inidicator?

Orest,

I have been seeing many people put thier screen shots on here with your indy and I am confused.

I have mine on IBFX and I have the mini thing fixed and I changed the pairs to match post#5 on page 4.

So here is my question:

If we are all using ibfx, should we not all end up with the same numbers, or is it dependent on when we started the program like the original idea of us needing to start at open on sunday? I was thinking since it looked back a whole month that we would all have the same numbers and it would be independent of when we started the indi right?

i ask this because I see some charts on here saying the month, 2 weeks and 1 week are showing shorts and mine is showing more buys with strong signals?

Hope this makes sense and maybe you can shed some light on the situation or point me in the right direction, if I have done something wrong???


Bonus question:

I have looked through the forum and have yet to find the answer to the huge numbers question. My eurusd for the month is 13723? Not sure how to read this, or not sure if I was supposed to change some setting. IF anyone else can point me to the answer I would appreciate as I can not find it in any post.


Lastly, I wanted to let you know that I am not lazy and I don't want everything handed to me, but I have yet to find the answers to these questions, and I would love a nudge in the right direction if you can.
  • #1,614
  • Oct 3, 2008 8:32am Oct 3, 2008 8:32am
Quoting smjones
I just followed the rules as they are outlined in the thread and also in at least 3 doc files. and one of my posts a little bit ago. It's all there and is an incredable read.

Daily is still short. Hint, a sell from the bottom hits the top anchor. Ok, one more hint, look at post number ones ea attatchement then look in thethread or in one of the doc files for how it works.
but what you saw or should have saw in the simulators when you entered the trader? For example, if you look now for the 1 day and this week tabs, you will think that the buys are invading the top... so i could think the correct is long.
  • #1,615
  • Oct 3, 2008 8:33am Oct 3, 2008 8:33am
Quoting rnhturner
Question about Orest Inidicator?

Orest,

I have been seeing many people put thier screen shots on here with your indy and I am confused.

I have mine on IBFX and I have the mini thing fixed and I changed the pairs to match post#5 on page 4.

So here is my question:

If we are all using ibfx, should we not all end up with the same numbers, or is it dependent on when we started the program like the original idea of us needing to start at open on sunday? I was thinking since it looked back a whole month that we would all have the same numbers and it would be independent of when we started the indi right?

i ask this because I see some charts on here saying the month, 2 weeks and 1 week are showing shorts and mine is showing more buys with strong signals?

Hope this makes sense and maybe you can shed some light on the situation or point me in the right direction, if I have done something wrong???
Check the pairs in the EA and see if the are of the correct direction. i think the settings inside OREST is not meant for ibfx users.
  • #1,616
  • Oct 3, 2008 8:33am Oct 3, 2008 8:33am
Thanks to trader 101, another of the silent majority here, just reading and taking it all in.

I have been using Orests wonderful indicator, many thanks for that - I wonder though if the 4hr and 1hr should be 'rolling' ie based on the 1 minute bar 240 and 60 mins before current price rather than resetting at each new 4hr and 1hr bar. I think they would be a better reflection of the changing sentiment during the day.

Just a thought - trying to be useful
  • #1,617
  • Oct 3, 2008 8:38am Oct 3, 2008 8:38am
Quoting Autumm
Check the pairs in the EA and see if the are of the correct direction. i think the settings inside OREST is not meant for ibfx users.
I did check and changed the pairs as per my post where I said I matched them to page4 post 5 suggestions of trader 1.

I guess i was assuming more people were using IBFX and maybe the screen shots I am seeing from others are from other platforms.
  • #1,618
  • Oct 3, 2008 8:45am Oct 3, 2008 8:45am
Quoting oldstokey
Thanks to trader 101, another of the silent majority here, just reading and taking it all in.

I have been using Orests wonderful indicator, many thanks for that - I wonder though if the 4hr and 1hr should be 'rolling' ie based on the 1 minute bar 240 and 60 mins before current price rather than resetting at each new 4hr and 1hr bar. I think they would be a better reflection of the changing sentiment during the day.

Just a thought - trying to be useful
oldstokey,

I've been wondering exactly the same thing myself. I think this would be a major improvement to an already excellent indicator.

Regards,
David
  • #1,619
  • Oct 3, 2008 8:46am Oct 3, 2008 8:46am
Quoting giraia_br
but what you saw or should have saw in the simulators when you entered the trader? For example, if you look now for the 1 day and this week tabs, you will think that the buys are invading the top... so i could think the correct is long.
I have been watching the day and week since yesterday and the shorts were on the bottom. Then one moved up to the top anchor. That is described in the thread as the perfect setup.

Quote
I want a pair from the one side to invade the Anchor position of the opposite side. The dislodging of the Anchor signals the safest time to trade 14 pairs straight.

If Buys are on bottom and one reaches the top anchor position - go 14 Long
If Buys are on top and one reaches the bottom anchor position - go 14 Short
If Sells are on bottom and one reaches the top anchor position - go 14 Short
If Sells are on the top and one reaches the bottom anchor position - go 14 Long

In fact, when you are trading all buys you can either wait till the last BUY has left its own Anchor position or the first buy is occupying the opposite Anchor. When you are trading all sells you can either wait till the last sell has left its own Anchor position or the first sell is occupying the opposite Anchor.
  • #1,620
  • Edited 9:03am Oct 3, 2008 8:48am | Edited 9:03am
Quoting rnhturner
I did check and changed the pairs as per my post where I said I matched them to page4 post 5 suggestions of trader 1.

I guess i was assuming more people were using IBFX and maybe the screen shots I am seeing from others are from other platforms.

See my chart here is saying long and others are saying short?



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