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Indicators development for T101's not very simple method

  • #281
  • Oct 14, 2008 7:54pm Oct 14, 2008 7:54pm
I have the indicator working, works well on a 5min TF.

but look at the different reading from two different brokers, pic taken at the same time both GbpUsd 5min charts...

Glenn
Attached Image(s) (click to enlarge)
Click to Enlarge Name: t101 no1.gif Size: 29 KB
Click to Enlarge Name: t101 no2.gif Size: 24 KB
  • #282
  • Oct 14, 2008 10:14pm Oct 14, 2008 10:14pm
I use InterbankFX. I coded and tested the indicator using InterbankFX. Judging by the quotes at the top of the Alpari screen, it appears they are quoted in 5 digits versus 4 digits for Interbank. This possibly could be the issue. You very well may need to make updates to the indicator to account for variances in trading environments.

Quoting glenn5t
I have the indicator working, works well on a 5min TF.

but look at the different reading from two different brokers, pic taken at the same time both GbpUsd 5min charts...

Glenn
  • #283
  • Oct 14, 2008 10:22pm Oct 14, 2008 10:22pm
[quote] zznbrmI use InterbankFX. I coded and tested the indicator using InterbankFX. Judging by the quotes at the top of the Alpari screen, it appears they are quoted in 5 digits versus 4 digits for Interbank. This possibly could be the issue. You very well may need to make updates to the indicator to account for variances in trading environments.

Thanks for the reply. I will use it on IBFX

One of the reasons I posted the two charts was to show any newbies what to expect and you have answered the question...

Glenn
  • #284
  • Oct 15, 2008 12:03am Oct 15, 2008 12:03am
Quoting zznbrm
Please see the attached screenshot and indicator. The indicator does not yet contain all functionality I desire, but it will at least give you all something to play around with. Two notes:

- The profit in $ is not working properly. I have not fixed it, but will soon. Profit in pips seems ok.
- Pay special attention to the currency totals at the bottom. They show performance of each currency on Buys and Sells and Totals. The calculation is different than orest's calculation

Enjoy!
Of all the contribution and revision of indicators to Orest Indic. This Dashboard by ZZ has fulfilled the requirement of the Basket Trading. I was wowed by the imagination and determination of ZZ on this one. I almost pass this indicator thinking that this is another one of those Orest look-alike, but my curiosity leads me to test it and i have to say this is what we all need. Look at 30 min the pattern of pair jumping and journey can very well identified. I am hoping that all the functionality be fixed. Thanks ZZ great job.
Julius
  • #285
  • Edited 3:12am Oct 15, 2008 2:00am | Edited 3:12am
I totally agree,

With all due respect to Orest contribution, this ZZ Dashboard adheres to T101 methodology of Basket trading.

As I am always struggling with Orest's indicator as it more like a ROC indicator to me, so much so that i have to resort to using Carl's external IA monitor with mutilple instance to compare currency position before & after.

Very much appreciated ZZ, Orest & Master T101 for your graciousness generosity & endearing passion.

Cheers!

Quoting trader101
Of all the contribution and revision of indicators to Orest Indic. This Dashboard by ZZ has fulfilled the requirement of the Basket Trading. I was wowed by the imagination and determination of ZZ on this one. I almost pass this indicator thinking that this is another one of those Orest look-alike, but my curiosity leads me to test it and i have to say this is what we all need. Look at 30 min the pattern of pair jumping and journey can very well identified. I am hoping that all the functionality be fixed. Thanks ZZ great job.
Julius
  • #286
  • Oct 15, 2008 3:39am Oct 15, 2008 3:39am
Agreed, but we must keep in mind that the originators of these tools were Trendchaser and Orest. But for their dedication we wouldnt have this excellent tool by the very generous zznbrm

Quoting lascavel
I totally agree,

With all due respect to Orest contribution, this ZZ Dashboard adheres to T101 methodology of Basket trading.

As I am always struggling with Orest's indicator as it more like a ROC indicator to me, so much so that i have to resort to using Carl's external IA monitor with mutilple instance to compare currency position before & after.

Very much appreciated ZZ, Orest & Master T101 for your graciousness generosity & endearing passion.

Cheers!
  • #287
  • Oct 15, 2008 4:09am Oct 15, 2008 4:09am
Quoting shiva
Agreed, but we must keep in mind that the originators of these tools were Trendchaser and Orest. But for their dedication we wouldnt have this excellent tool by the very generous zznbrm
Yes, w/o their initiation, nothing would have been evolved.

Cheers!
  • #288
  • Oct 15, 2008 4:10am Oct 15, 2008 4:10am
Quoting FOREXflash
For me the strongest indication of B\S basket is total number
of pips......the spread for all the pairs is about 80 pips, i wait total to
be double of that amount. And as far as the buysellbasket indic, I use
it for timing.....I dont even look at the pairs, or the trend on orest indic
before I see that the buysellbasket have crossed......after crosing I
wait T to be almost double from spread, and only then I enter a basket.
Buysellbasket indicator is great for exiting a trades.....sometimes you
can exit to early....but safe pips is a safe pips!
Regards
hi,

Which column you're talking about the T? Is it the 4 hour column or the 1 hour column?
  • #289
  • Oct 15, 2008 4:22am Oct 15, 2008 4:22am
Thanks for your kind words everyone. Hopefully we can continue to evolve this method and take it to the next level. As I'm sure everyone else is doing, I continue to work on using the indicators to fine-tune entry and exit strategies in preparation for live trading.

Thanks to everyone for your contributions.
  • #290
  • Oct 15, 2008 7:17am Oct 15, 2008 7:17am
Hi zznbrm,

column 2-9 are freezed(snapshot) ie the figures do not change, only column-1 is changing every new tick come, is my understanding correct?

If I do a screen capture every X interval on Orest's version, I should be able to get what your screen provide, plus more moving time frame, is my understanding correct?



Quoting zznbrm
I took orest's indicator and updated for my personal usage and thought I would post a screenshot to see if anyone else would find it useful. The image might be rather large - sorry about that.

You enter a point in time as your reference point - all calculations are based on this point in time. Attach the indicator to any chart (any timeframe, any currency). The left-hand column will always display the current data - difference between reference point and most recent tick. The eight right-hand columns capture data at intervals between the reference point and current time.

For example, the attached screenshot shows the indicator. It is attached to a D1 chart. The reference point is "2008.10.01 00:00". Starting from left:

Column 0 - Row titles.
Column 1 - The current data, start is "2008.10.01 00:00", end is "2008.10.13 22:04:13" (the latest tick).
Column 2 - Snapshot of data at "2008.10.13 00:00".
Column 3 - Snapshot of data at "2008.10.12 00:00".
Column 4-9 - Same as previous, just 1 Day before.

Notes:
- Columns 2-9 contain rolling data. Meaning, when a new Bar is started, all data will shift 1 group to the right. So, you will always see the state of the currency pairs for the previous 8 periods. The number of these columns is configurable so those with Low Res screens can still use it. Obviously, High Res monitors are better. I can fit up to 11 groups of rolling data on my laptop.
- Attach to any chart. The timeframe for the chart will determine the timeframe for the rolling data groups. For example, attach to a M15 chart, and the rolling data will take a new snapshot every 15 minutes. You will see rolling data for the last 8 fifteen minute periods.
- I have been testing mostly with D1, H4 and M15 charts.
- The profit amounts are in pips. I do have an option in there to display profit amounts in your account's currency. Have not tested it yet however.

I have plenty of room on my screen, so I plan on adding much more information as I find time - spread, Buy/Sell All profit projections, etc.

If anyone expresses an interest, I will post the indicator so you can play around with it and adapt to your trading style.
  • #291
  • Oct 15, 2008 7:48am Oct 15, 2008 7:48am
Hi Orest,

I am colour blind for some colours. The colours used for buy/sell group look quite the same to me. Where can I change the colours to suit myself? Which lines of code?
Attached Image (click to enlarge)
Click to Enlarge Name: T10101035.gif Size: 23 KB
  • #292
  • Oct 15, 2008 7:59am Oct 15, 2008 7:59am
But then version 1.12 colour look ok to me, I can see the different in colour. Don't know what is the problem?
Attached Image (click to enlarge)
Click to Enlarge Name: T10100475.gif Size: 25 KB
  • #293
  • Oct 15, 2008 9:53am Oct 15, 2008 9:53am
Folks, frankly I don't give a sh**t about credits. When I started my only intention was to learn the system myself and give back to the people I'm learning from. So.... speaking of finding reliable points of entry/exits please don't forget to post your analysis here (or somewhere else I don't care just let everybody know).

Quoting zznbrm
Thanks for your kind words everyone. Hopefully we can continue to evolve this method and take it to the next level. As I'm sure everyone else is doing, I continue to work on using the indicators to fine-tune entry and exit strategies in preparation for live trading.

Thanks to everyone for your contributions.
  • #294
  • Oct 15, 2008 9:59am Oct 15, 2008 9:59am
TickJob,
sorry colors are always tuff to please people with.I remember some users complained about them in v.1.12 what's why I changed them. If you don't mind to mess with code then look for keywords Tomato and LimeGreen you want to replace those with Red and Green (as it used to be).

Good Luck!

Quoting TickJob
But then version 1.12 colour look ok to me, I can see the different in colour. Don't know what is the problem?
  • #295
  • Oct 15, 2008 10:03am Oct 15, 2008 10:03am
Helllo!
I explain how I go into commerce.
Now use the versions that see in the chart.
Bullsellbasket is when I come across as being positive or negative.
And see that being in long-1H, 4H and remain well positioned to see that in too long, then I go.

When you get to see enough pips or buysellbasket begin to move against my position I leave the trade.
925pips do today!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 74 KB
  • #296
  • Oct 15, 2008 10:08am Oct 15, 2008 10:08am
If somebody has a code for account protection EA similar to 2ProtectAccount please let me know. Note I don't need simple one which just closes trades when account reaches some $XXX in profit. Would be great if you have something like Julius has when profit is $200 then close at $150, if profit is $300 then close at $230, etc

Orest
  • #297
  • Oct 15, 2008 10:20am Oct 15, 2008 10:20am
Nice ninpojutsu,
any reason why your chart shows ProfitChart-basket instead of BuySellBasket indicator? If you tried both which one is better?


Quoting ninpojutsu
Helllo!
I explain how I go into commerce.
Now use the versions that see in the chart.
Bullsellbasket is when I come across as being positive or negative.
And see that being in long-1H, 4H and remain well positioned to see that in too long, then I go.

When you get to see enough pips or buysellbasket begin to move against my position I leave the trade.
925pips do today!!
  • #298
  • Oct 15, 2008 10:34am Oct 15, 2008 10:34am
Quoting Orest
If somebody has a code for account protection EA similar to 2ProtectAccount please let me know. Note I don't need simple one which just closes trades when account reaches some $XXX in profit. Would be great if you have something like Julius has when profit is $200 then close at $150, if profit is $300 then close at $230, etc

Orest
There you go.....and regarding the indicators.....buysellbasket is definately better!!!
Attached File(s)
File Type: mq4 Basket trading profit protect.mq4   5 KB | 1,378 downloads
forexflash
  • #299
  • Oct 15, 2008 10:48am Oct 15, 2008 10:48am
Thanks, bro.

Quoting FOREXflash
There you go.....and regarding the indicators.....buysellbasket is definately better!!!
  • #300
  • Oct 15, 2008 10:57am Oct 15, 2008 10:57am
Hi,

Can you kindly (if you have time) make some screenshots with discreptions
On it about what you look for to open and exit trades and what TF you use.

As it's still not clear for me.

Regards TS.

Quoting FOREXflash
For me the strongest indication of B\S basket is total number
of pips......the spread for all the pairs is about 80 pips, i wait total to
be double of that amount. And as far as the buysellbasket indic, I use
it for timing.....I dont even look at the pairs, or the trend on orest indic
before I see that the buysellbasket have crossed......after crosing I
wait T to be almost double from spread, and only then I enter a basket.
Buysellbasket indicator is great for exiting a trades.....sometimes you
can exit to early....but safe pips is a safe pips!
Regards
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