Indicators development for T101's not very simple method

Quoting Orest

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UPDATE 10/12/2008

version 1.13 is out.
Indicator becomes expert advisor type. Now no delays in ticks. Don't put it in /indicators folder.
I pulled some documentation together .

Post#1 is updated.

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Quoting markbcool

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Thanks Again Orest for all your hard work.

We use different sets of pairs in this one. (than 1.11) Easy enough for me to use either set.
is there an advantage of one set over the other in general? or with particular brokers/
Thanks
MArk

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Quoting peram

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I am using non IBFX ccy pairs is it possible to use version 1.13 with other ccy pairs if yes then please guide me.

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extern string Buy_pair_1 = "USDCHF";// "USDJPY";

extern string Buy_pair_1 = "USDJPY";

Quoting hndymann

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Here is how you can do it... modify the EA with metaeditor you will see this code for each pair:

Inserted Code

extern string Buy_pair_1 = "USDCHF";// "USDJPY";

delete the "USDCHF";// from the line to look like this

Inserted Code

extern string Buy_pair_1 = "USDJPY";

repeat for all of the extern variables and there you have it!
Compile and then you are done.

hope this helps

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Quoting peram

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I got it done with the help of your clear instruction. One more question is it possible to run this EA on 1 min chart?

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Quoting Orest

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Guys, it's open source of couse, but would you want to mess with code, whay just don't change pairs in the properties?

peram, it uses it's own time frames from 30d to 1h, it doesn't matter on which chart you place it.

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Quoting Orest

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Guys, it's open source of couse, but would you want to mess with code, whay just don't change pairs in the properties?

peram, it uses it's own time frames from 30d to 1h, it doesn't matter on which chart you place it.

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Quoting theGuardian

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Long term trends surely have dips (counter trends), the zig-zag pattern you know. These counter trends are short term as can be seen only on the 4h and 1h TF. Soon after this counter trend gets over, the long term downtrend will continue as is clearly evident from the higher TFs and this will be further confirmed when AU starts to jump up, first in the 1h TF followed by a jump up in the 4h TF.

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Quoting comdoc

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Hi Orest and Guardian,

Note that shorting AU in the longer TFs was most profitable of any currency pair in the entire basket. Basically, it became oversold. So we were looking for opportunity and signal to buy AU. Was knocked out of top anchor position, became a Julius jumper (buy signal), and drifted down until crossing the MEAN basket level sometime between the 4H and 1H TFs, and became a loser (Julius jumper again). Again, an indication to buy the AU pair.

The longer term price action cycles drive the shorter term cycles in a WAVE pattern.

Understanding these cyclic patterns comes from awareness of major MTF trends and minor embedded countertrends, as Guardian pointed out. For more on this, look at my 3:11PM post here:

http://trendchaser.org/forum/phpBB3/...&sd=a&start=10

Kind regards,

George

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Quoting Orest

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comdoc,
I think I know heatmap indicator pretty well. In all due respect to those
who created it I wouldn't tell nor predict of AUDUSD's move. Probably I would if I were as smart trader as you are. But I'm not. Why couldn't I? Because heat map doesn't show me moves of the pair in correlation with other currencies. Simply I can't tell (looking at heat map) in what position AUDUSD was like 4h ago or later. Yes, I can tell if it lost value or not, but not more.

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Quoting qz10cq

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Hay u guys quit being so thin skinned here, our end object is for indicators that help us trading, most of us don't care how big your dxxk's are. Lets play nice in this forum sandbox.

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Quoting giraia_br

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hi Orest

this problem is only with me? I tried first with mini accounts, now standart accounts. See the pic.

EDIT: it was using 1h chart. Now see in the new pic on 1min chart, it is working correctly. Maybe it is a problem with the 1h chart? I see in the help file that you are using 4h.

and a small tip: go to the proprities of the chart and at the "common" tab uncheck "show grid". This is the first thing i do. I remember sometime talking with Twoblink he said that this was too the first thing he does with open a chart in MT4.

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Quoting comdoc

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Hi Orest,e

My sense is there's a colossal misunderstanding of what is meant by a 'heatmap'. Would you refer to the T101v1.11 indicator as a heatmap? I would, and I do so. All due respect to Thomas and yourself and others who have contributed to it. What exactly is a currency heatmap, anyway? Well, it's an indicator that shows relative strength and weakness of individual currencies relative to all the others in the entire 'market' basket.

I grant you that it's not a complete heatmap, because it's still missing the most current data (hint about adding those smaller TFs into the indicator). Nevertheless, it does display information about where the prices of the individual currency pairs that make up the basket are most likely to go. I don't claim to be a smart trader, but certainly can understand what a heatmap is telling me--and so can you. And follow the signals it's giving for trading purposes.

Julius in his extraordinary insight already told us what to look for when he suggested that we look for 'jumpers' at the top, middle, and bottom of the "market' basket. I already wrote in my thread about the MIDDLE conditions, and their importance for trading purposes. Two of them are the MEAN level of the entire basket, and the extreme position 'anchors' (EXTREMES). ALL of the 'market' price action movement takes place between the MEAN and the EXTREMES.

All that price action movement is not random, nor without direction and purpose. It's like an exquisite orchestrated 'dance' in which each of the pairs interacts with all the other pairs following fundamental principles. Think of 14 couples (each made up of 2 unique individuals). Some of the couples tend to move quickly, with much force...while others move more slowly.

If you don't know what I'm writing about, please ask. Understand? I wrote more here:

http://trendchaser.org/forum/phpBB3/...&sd=a&start=10 Scroll down to 9:52PM.

In simple awareness,

George

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