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Indicators development for T101's not very simple method

  • #141
  • Edited 5:53pm Oct 9, 2008 5:34pm | Edited 5:53pm
Quoting Orest
Robert,
no - I meant actually profit curve like a line if you will.

If you are comfortable doing this you could take LongShortTotal.mq4 and modify it to monitor all 14 buys and all 14 sells (same pairs) instead of 7 buys and 7 sells like it does now..

Thanks!
Here is what you want.
No need to place an "m" on symbols as it is done by the indicator.
And yes I caught the funny name of BusSell... I meant to use BuySell...
I also found a bug in LongShortTotal.
The first pair had a 0 instead of an i in GBPUSDm_now close price.

Robert
Attached File(s)
File Type: mq4 BusSellBasketTotal.mq4   11 KB | 1,134 downloads
File Type: mq4 LongShortTotal.mq4   9 KB | 1,085 downloads
  • #142
  • Oct 9, 2008 6:16pm Oct 9, 2008 6:16pm
Quoting smjones
Hi I seem to have the flu and cannot get to your v1.12 so here is the 1.11b IBFX that I made the changes to. You can see from my notes, what I did. Sorry I just feel like crap right now. LOL
Added the code to place the "m" automatically.
It would be great if all programmers would start with a version that has my add "m" code so I do not have to keep doing these mods.
My method also will add an "x" if that is what your broker has.

Robert
Attached File(s)
File Type: mq4 T101_v1.11b_orest_IBFX_No_m.mq4   32 KB | 791 downloads
  • #143
  • Oct 9, 2008 9:38pm Oct 9, 2008 9:38pm
Quoting adesalambrar
I was thinking something similar, maybe another version of the Orest Indi could display the behavior of the pairs from a specific time.
The actual Orest Indi shows where the pair came only from last jump, so some signals are just "noise".
I think it would be helpful to show the pair rank from the beggining of the displayed time period, insted of "last jump ranking", that way you could see where the pair was, for ex at the beg of the candle open and where is it now. Some kind of "static ranking from specified time period".
Maybe it could be another version for testing purpose, so we can check which one is more helpful.
That makes sense?
Hope that gets those brilliant brains going.

Sorry if I'm not clear, english isn't mother language.
Not being "negatively critical", just some thoughts that may bring something to the table.
Of course I'm very grateful to Orest, RR, Icicle and everyone that puts their time and effort to make this work. Thank You All!

Have a nice day
I cant prevent myself to jump in . This by far the best idea that needs exploration. This actually is what i am doing right now but just using the excel spreadsheets for tick by tick updates. This should be the indicator should have. Good trading, guys
Julius
  • #144
  • Oct 9, 2008 9:38pm Oct 9, 2008 9:38pm
Quoting Ronald Raygun
When attaching the indicator to your charts, remember that you need to attach 14 indicators, each with a different rank chosen for the line drawn.
Hi Guys.
Possible bug in Trader101 TradeBasket.mq4.

Great work on this indy... just one observation ... no matter what ccy pair gets placed in Sell7 ... it never seems to change its ranking.. ie) it does not fluctuate ... I manualy changed the pairs around a few times to check and the problem seems to remain.

Also MrPips version for IBFX does not allow the ranking to be shown in the data window.

Or maybe I am setting something up incorrectly.

Thanks again for these .. they are great.
  • #145
  • Oct 9, 2008 9:56pm Oct 9, 2008 9:56pm
Quoting Cdavid
Hi Guys.
Possible bug in Trader101 TradeBasket.mq4.

Great work on this indy... just one observation ... no matter what ccy pair gets placed in Sell7 ... it never seems to change its ranking.. ie) it does not fluctuate ... I manualy changed the pairs around a few times to check and the problem seems to remain.

Also MrPips version for IBFX does not allow the ranking to be shown in the data window.

Or maybe I am setting something up incorrectly.

Thanks again for these .. they are great.
It turns out that there is no value being returned to the array.

Is there a limit to the amount of arrays in metatrader?
  • #146
  • Oct 9, 2008 11:44pm Oct 9, 2008 11:44pm
Quoting trader101
I cant prevent myself to jump in . This by far the best idea that needs exploration. This actually is what i am doing right now but just using the excel spreadsheets for tick by tick updates. This should be the indicator should have. Good trading, guys
Julius
Hi Julius,

This goes to the very heart of capturing maximum trading profit from any given price movement in the actual realtime market. What any entry timing indicator needs to do is identify the present price place in relation to the larger wave cycles. The very nature of the market is FRACTAL...that means little TFs are contained within bigger TFs.

So the last moment price action indicator TICK is contained within 1M TF...1M PA contained in 5 M...etc. Our entry indicator must show the precise local position of entire 1M price action in the context of the entire 5M chart price action...and similarly for larger TFs.

Orest 101 indicator in present form is limited by the MT4 limited TFs included. We only have tick, 1M, 5M, 15M, 30M, 1H, 4H, 1D, 1W, 1M charts to work with; present indicator shows only 5 of 9. The delta position change across the MEAN cumulative tick level (the exact middle of all ticks sum) is highly signifigant.

In fact, the MEAN condition in general is GOLDEN. Statistically the middle is the fulcrum or balance point of all price action movement. Orest indicator of 'jump' of currency pair across the middle misses the exact cross time due to time period gaps between TFs. Result is that we often miss part of the profit potential at the beginning of the trend.

What is your signal algorithm for the 14 currency pair basket based on? I'm interested in refining it for everyone's benefit. Please send me an IM or email if you would like to pursue this.

Prosperous regards,

George
  • #147
  • Oct 10, 2008 12:38am Oct 10, 2008 12:38am
Thanks, Jullius. Sometimes a stranger could make a valuable point.

adesalambrar, please forgive me I completely missed your original post.
I agree with you current slot jump numbers are not very informative, but I'm happy this development is leading to new better ideas. That I was hoping for.
I would be happy to implement it and make it as a standard feature.

The only thing which worries me is this. In the beginning of the certain time frame (let's say a day - doesn't matter) all pairs are situated randomly. Even worse pairs with bigger spread are biggest losers (I'm adding spread in next release by the way). So.... don't you think pairs like GBP/JPY or AUD/USD would be always at the bottom of the list in the beginning? Hmmm... shouldn't we wait for some time before "catching" the original ranks? Or not? Just make a snapshot as is? Thinking out loud here....

Orest

Quoting trader101
I cant prevent myself to jump in . This by far the best idea that needs exploration. This actually is what i am doing right now but just using the excel spreadsheets for tick by tick updates. This should be the indicator should have. Good trading, guys
Julius
  • #148
  • Oct 10, 2008 12:40am Oct 10, 2008 12:40am
comdoc,
I feel some valuable info between of your posting's lines. I don't understand, just feel. When you ready, please enlight us.


Quoting comdoc
Hi Julius,

This goes to the very heart of capturing maximum trading profit from any given price movement in the actual realtime market. What any entry timing indicator needs to do is identify the present price place in relation to the larger wave cycles. The very nature of the market is FRACTAL...that means little TFs are contained within bigger TFs.

So the last moment price action indicator TICK is contained within 1M TF...1M PA contained in 5 M...etc. Our entry indicator must show the precise local position of entire 1M price action in the context of the entire 5M chart price action...and similarly for larger TFs.

Orest 101 indicator in present form is limited by the MT4 limited TFs included. We only have tick, 1M, 5M, 15M, 30M, 1H, 4H, 1D, 1W, 1M charts to work with; present indicator shows only 5 of 9. The delta position change across the MEAN cumulative tick level (the exact middle of all ticks sum) is highly signifigant.

In fact, the MEAN condition in general is GOLDEN. Statistically the middle is the fulcrum or balance point of all price action movement. Orest indicator of 'jump' of currency pair across the middle misses the exact cross time due to time period gaps between TFs. Result is that we often miss part of the profit potential at the beginning of the trend.

What is your signal algorithm for the 14 currency pair basket based on? I'm interested in refining it for everyone's benefit. Please send me an IM or email if you would like to pursue this.

Prosperous regards,

George
  • #149
  • Oct 10, 2008 12:45am Oct 10, 2008 12:45am
Great, MrPip...
I hope someday we start sharing our setups instead of sharing code.

Thank you for great efforts.

Quoting MrPip
Here is what you want.
No need to place an "m" on symbols as it is done by the indicator.
And yes I caught the funny name of BusSell... I meant to use BuySell...
I also found a bug in LongShortTotal.
The first pair had a 0 instead of an i in GBPUSDm_now close price.

Robert
  • #150
  • Oct 10, 2008 12:46am Oct 10, 2008 12:46am
What about moving the functionality of the indicator to a Script. Then you could use a while loop and sleep() in the start() function and refresh the data whenever you want (every 1 second, 5 seconds, 10 seconds, etc)?

Quoting Orest
Ron,
my personal opinion that only benefit of IA is it's not lagging (from 30sec to 1min) like inidcator waiting for a tick (I'm not sure if it's a real issue). But problem of IA is it's lagging datawise unless you open new one every hour, 4 h, etc.
  • #151
  • Oct 10, 2008 2:16am Oct 10, 2008 2:16am
Quoting Orest
comdoc,
I feel some valuable info between of your posting's lines. I don't understand, just feel. When you ready, please enlight us.
Hi Orest,

Let's try to understand. Here's some of what I wrote in another thread this morning:

Our WAVES HEATMAP indicator should provide maximum trading information available at a glance. 14 currency pairs X 9 timeframes responding to tick changes in realtime. Trends and countertrends apparent for each pair relative to the entire 'market' basket across all 9 TFs.

The rest is here:

http://trendchaser.org/forum/phpBB3/...2&p=4805#p4805

Thoughtful regards,

George
  • #152
  • Oct 10, 2008 2:47am Oct 10, 2008 2:47am
Quoting Orest
When pair doesn't jump "this time" it holds the last jump's value, so it could potentially show same slot number on different pairs.

Regarding showing slots delta it's not very informative so far. Suprisingly it's almost always shows "1" with arrows up or down.
Do we still want that?
Orest, we need to see an indication of the relative position of each pair within the overall 'market' basket across adjacent timeframes...or better yet, from the actual time crossing of the MEAN boundary. That is, when did the jump across the MEAN level actually occur? With an audible alert to signal that event. This is what I had in mind when I requested a plus or minus number listed beside the pair. Not from the close of 1M to the next. That information is already shown in a candlestick.

As someone else wrote, it's the trend of each individual pair relative to the entire 14 currency pair 'market' TREND that we need to ascertain.

Hope this helps,

George
  • #153
  • Oct 10, 2008 2:59am Oct 10, 2008 2:59am
Hello Orest,

i have thought about the system and your indicator.
if we start the Indicator account at the beginning of the week is like to set the weekly pivots for all currency. this is what happened in your old indicator for example in the 'last hour' coloumn. the pivot will reset at a new full hour.
now in the new indicator there is the coloumn '1 hour ago'. this is like a dynamic pivot. it will set new at every tick (minute) with the range of the past one hour.

i see big differences in using this. with the rules of t101 we set a static pivot at the beginning of the week or day or hour or what ever you like. but with the 4 hours ago, 14d ago etc. this is like a dynamic pivot.

what you thing about. did you understand what i mean. maybe trader101 can make an comment about.

i will build an EA to test this settings on one currency with 1. dynamic pivoting and 2. static pivoting. i thing this could be used as a reference for trading the basket or jumping slot.

my 2 cents

PriNova
  • #154
  • Oct 10, 2008 3:32am Oct 10, 2008 3:32am
Quoting Ronald Raygun
Thanks to Rangebound, orest, and google, here is a semi-rough but stable indicator which shows the change in rank by bar. This indicator is designed more for the very first aspect of Trader101's system, the jumping pairs.

Notice in the picture how two pairs (the greenish-blue ones) jump across the buy/sell border, and the continue to move up? That's what you're looking for. Using this method alone, I have already netted somewhere in the neighborhood of 300 pips in about 40 mins.

When attaching the indicator to your charts, remember that you need to attach 14 indicators, each with a different rank chosen for the line drawn.
Raygun dude, *wink* you're on the right track! Are these lines based on tick data? Summed for each pair, cumulative total for all 14, then sorted by sum rank? Then plotted by rank? How do you get a trading alert?

Best regards,

George
  • #155
  • Oct 10, 2008 7:47am Oct 10, 2008 7:47am
I modified the BusSellBasketTotal to display 6 lines. Three for buy all and 3 for sell all.
No need to enter whether to buy or sell.
This has the look of making an easy EA.
Green, lime and yellow is for buy all.
FireBrick, red and orange is for sell all.
When they cross looks like a good point to watch for possible trade setup.

Robert
Attached File(s)
File Type: mq4 BuySellBasketTotal.mq4   12 KB | 1,643 downloads
  • #156
  • Oct 10, 2008 8:16am Oct 10, 2008 8:16am
Quoting MrPip
I modified the BusSellBasketTotal to display 6 lines. Three for buy all and 3 for sell all.
No need to enter whether to buy or sell.
This has the look of making an easy EA.
Green, lime and yellow is for buy all.
FireBrick, red and orange is for sell all.
When they cross looks like a good point to watch for possible trade setup.

Robert
This is one excellent Indicator, the TF field which is 15 default, should it be changed if we want the tool on 4hr?
  • #157
  • Oct 10, 2008 8:16am Oct 10, 2008 8:16am
MRPIP, Please can you indicate an example, when there are signs in its indicator?
I do not know how to distinguish!
  • #158
  • Oct 10, 2008 8:43am Oct 10, 2008 8:43am
Quoting shiva
This is one excellent Indicator, the TF field which is 15 default, should it be changed if we want the tool on 4hr?
Bought at the line+arrow for 520 pips

Should have held on for 1230
Attached Image
  • #159
  • Oct 10, 2008 8:51am Oct 10, 2008 8:51am
Quoting PriNova
Hello Orest,

i have thought about the system and your indicator.
if we start the Indicator account at the beginning of the week is like to set the weekly pivots for all currency. this is what happened in your old indicator for example in the 'last hour' coloumn. the pivot will reset at a new full hour.
now in the new indicator there is the coloumn '1 hour ago'. this is like a dynamic pivot. it will set new at every tick (minute) with the range of the past one hour.

i see big differences in using this. with the rules of t101 we set a static pivot at the beginning of the week or day or hour or what ever you like. but with the 4 hours ago, 14d ago etc. this is like a dynamic pivot.

what you thing about. did you understand what i mean. maybe trader101 can make an comment about.

i will build an EA to test this settings on one currency with 1. dynamic pivoting and 2. static pivoting. i thing this could be used as a reference for trading the basket or jumping slot.

my 2 cents

PriNova
Static pivot at an interval of 1 week is my basis for long term trading of jumping pairs or tandems. Making it dynamic will confuse my system. Here i made a lesson for jumping pairs done last night for all to understand how important it is for my analysis what pairs to trade long term:
http://www.forexfactory.com/showpost...&postcount=385
I was really hoping last night when i entered this trade that the result will be what i want in the morning in order to make this lesson as a good visual aid. Fortunately it ended up as i predicted it.
T101
Julius
  • #160
  • Oct 10, 2008 9:00am Oct 10, 2008 9:00am
Hi Robert,

They just crossed, and the EA sold all at 0901GMT, now up around 800 pips!

Prosperous regards,

George
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