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Indicators development for T101's not very simple method

  • #301
  • Oct 15, 2008 11:14am Oct 15, 2008 11:14am
Hey folks,
sorry for my stupid question but I do not understand the matter with IBFX not IBFX.
Can I indicators for IBFX also Alpari use or not?
  • #302
  • Oct 15, 2008 11:19am Oct 15, 2008 11:19am
Quoting tsidki
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.
I really dont know to explain it better than I allready did!...ok ill try again....
First off all, I dont bother looking at the orest indicator\ea before I see
that the buys\sells are crosing on the buysellbasket indicator!!!
After crossing off buys\sells(buys are greenish, sells are redish) ill wait
few minutes to see what trend is stronger...lets say that the buys are crosing up to some level(100), then I start looking at the orest ea\indic
to see how strong is the buy trend.....the total(T) must be bigger than the
basket spread(about 80pips). I look only 4h and 1h trend, and if both T values are bigger than spread I buy the basket! And for exit I do the same thing...if the buys are getting weaker, and the orest ea shows that total
is going down, I exit the basket.
I think this is clear enough.

ps. I use 2 buysellbasket indicators, one is at lookback 4, and the other on 0.
The one on lookback 4 is for entry, and the other for exit.
pic screen3 is lookback 4 (red line is where I entered the sell basket)
pic screen4 is lookback 0
Respect
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screen3.gif Size: 9 KB
Click to Enlarge Name: screen4.gif Size: 9 KB
forexflash
  • #303
  • Oct 15, 2008 11:40am Oct 15, 2008 11:40am
Thanks bro,
It's more clearer now i'll observe to master it .

Regards TS.

Quoting FOREXflash
I really dont know to explain it better than I allready did!...ok ill try again....
First off all, I dont bother looking at the orest indicator\ea before I see
that the buys\sells are crosing on the buysellbasket indicator!!!
After crossing off buys\sells(buys are greenish, sells are redish) ill wait
few minutes to see what trend is stronger...lets say that the buys are crosing up to some level(100), then I start looking at the orest ea\indic
to see how strong is the buy trend.....the total(T) must be bigger than the
basket spread(about 80pips). I look only 4h and 1h trend, and if both T values are bigger than spread I buy the basket! And for exit I do the same thing...if the buys are getting weaker, and the orest ea shows that total
is going down, I exit the basket.
I think this is clear enough.

ps. I use 2 buysellbasket indicators, one is at lookback 4, and the other on 0.
The one on lookback 4 is for entry, and the other for exit.
pic screen3 is lookback 4 (red line is where I entered the sell basket)
pic screen4 is lookback 0
Respect
  • #304
  • Oct 15, 2008 11:42am Oct 15, 2008 11:42am
Quoting tsidki
Thanks bro,
It's more clearer now i'll observe to master it .

Regards TS.
The observation of indicator is a MUST for anyone!!!
That is a only way to fully understund it.
forexflash
  • #305
  • Oct 15, 2008 12:10pm Oct 15, 2008 12:10pm
Quoting Sylaxyz
Hey folks,
sorry for my stupid question but I do not understand the matter with IBFX not IBFX.
Can I indicators for IBFX also Alpari use or not?
Non-ibfx including alpari, FXDD etc, has cadjpy as part of the 14 basket pairs that IBFX does not have. Hence, IBFX users is given another set of basket ccys with NZDJPY inside (to replace the missing cadjpy).

There, u may use alpari for yr indicator but my experience w it is that, it uses 5 decimal pricing, hence my orest indy actually comes out w messy/extra nos. Maybe it will be okie for u.
  • #306
  • Oct 15, 2008 12:27pm Oct 15, 2008 12:27pm
Thank you Champagne,
Alpari demo has 5 decimal numbers. I have to live with Alpari account,
and since everything is normal.
  • #307
  • Oct 15, 2008 12:44pm Oct 15, 2008 12:44pm
Anyone else trading jpy pairs now?
Look at the total for them on 1d, 4h and 1h !!!
300 pips in 20 mins
forexflash
  • #308
  • Oct 15, 2008 1:41pm Oct 15, 2008 1:41pm
Mine don't look very impressive on 1h, but 4h shows enormous amount of pips. Should we modify those Hedge script to open JPY group, USD group or Other only (or combination)?


Quoting FOREXflash
Anyone else trading jpy pairs now?
Look at the total for them on 1d, 4h and 1h !!!o
300 pips in 20 mins
  • #309
  • Edited 1:57pm Oct 15, 2008 1:48pm | Edited 1:57pm
Quoting Sylaxyz
Thank you Champagne,
Alpari demo has 5 decimal numbers. I have to live with Alpari account,
and since everything is normal.
Hi,
I am sorry to have to tell you that the Orest and other indicators give bad values on Alpari and FxPro due to their (partial) implementation of 5 (£ for JPY) decimal places on pairs.

I use FxPro and have modified the Orest v12 indicator so as to give correct values (i.e as though all pairs were quoted as 5 {or 3 for JPY pairs} deciamal places. The problem is that the rel;ative pip values for all/some /JPY pairs are cauculated wrongly i.e 10 times too small! Naturally this throws the ranking of currency pairs out of whack.
Since I do not have an Alpari account, I can't provide you with the code changes that you need. However for FxPro, I have just changed the coding so that all /JPY pairs are displayed in the indi as if quoted with 3 dec places, wheras FxPro only quote some of them to 3 dec places.

I hope this helps,
Ian
  • #310
  • Oct 15, 2008 1:53pm Oct 15, 2008 1:53pm
Quoting Orest
please don't forget to post your analysis here (or somewhere else I don't care just let everybody know).
http://www.forexfactory.com/showthre...38#post2282638
  • #311
  • Oct 15, 2008 1:56pm Oct 15, 2008 1:56pm
Quoting Orest
Mine don't look very impressive on 1h, but 4h shows enormous amount of pips. Should we modify those Hedge script to open JPY group, USD group or Other only (or combination)?
Hi Orest,
Now that we (at least those using the indis and EAs) don't need the (almost) perfect hedgeing anymore - since we are not using an IA account.Has anybody given any thought as to the best (representative) basket of currencies to use.
I have hesitated in asking this, because there is already confusion between IBFX , non-IBFX pairs/groups and also that the non-IBFX groupings in the Orest indi are reversed from those orin=ginally published by T101.

But is seems to me that a representative basket should contain at least one pair containing each of the following currencies:
USD,EUR,JPY,GBP,CHF,CAD,AUD and NZD.

Ian
  • #312
  • Oct 15, 2008 1:57pm Oct 15, 2008 1:57pm
Quoting Orest
Mine don't look very impressive on 1h, but 4h shows enormous amount of pips. Should we modify those Hedge script to open JPY group, USD group or Other only (or combination)?

Orest,

I was thinking the same thing.... having the option of trading different groups, such as JPY group, GBP group, etc...

Bruce
  • #313
  • Oct 15, 2008 2:01pm Oct 15, 2008 2:01pm
Hi Giraia-br, Just joking about calling you a ****, but I see you were in on the T101 system long before I saw it - why didn't you tell me about it?

ian
  • #314
  • Edited 2:21pm Oct 15, 2008 2:02pm | Edited 2:21pm
Quoting Orest
Mine don't look very impressive on 1h, but 4h shows enormous amount of pips. Should we modify those Hedge script to open JPY group, USD group or Other only (or combination)?
Yes, that is a big step up.....In last 3 days I made more pips on jpy
pairs then the basket itself! Im doing exactly that.....
This here is a scripts for all the combinations plus ea for TP.
(they all share a same magic number)
Attached File(s)
File Type: zip t101_IBFX_all scripts.zip   11 KB | 1,377 downloads
forexflash
  • #315
  • Edited 3:10pm Oct 15, 2008 2:10pm | Edited 3:10pm
Hi,
Can anybody tell me if the zznbrm code is and indicator (i.e based on Orest v12,) or an EA (i.e. based on Orest v13) ?

Just for information, I have found it helps me to combine the T101 with the ES Trader indicators.

So I am using T101_v1.12-Orest as modified by me for non-IBFX pairs on FxPro and am using CCFp_v1.0.2cvert to enable me to decide which individual pairs to trade, since I can't afford to trade the whole basket in my live account (where the minimum is 1GBP per pip).

Ian
  • #316
  • Oct 15, 2008 2:16pm Oct 15, 2008 2:16pm
Quoting FOREXflash
Anyone else trading jpy pairs now?
Look at the total for them on 1d, 4h and 1h !!!
300 pips in 20 mins
what was the total?

next time if possible please post why you took the trade in my journal.

http://www.forexfactory.com/showthre...38#post2282638
  • #317
  • Oct 15, 2008 2:42pm Oct 15, 2008 2:42pm
Orest and rest of you guys....I posted a all combination scripts here:
http://www.forexfactory.com/showpost...&postcount=314
forexflash
  • #318
  • Oct 15, 2008 3:08pm Oct 15, 2008 3:08pm
I wonder if it's possible to add some sort of notification (like email or popup or sound) when total JPY (or USD) pips go from positive to negative and vice versa. And/Or when 4Hour and 1Hour line up (i.e. Short Short or Long Long)

Thanks.
  • #319
  • Oct 15, 2008 4:08pm Oct 15, 2008 4:08pm
ianf0ster,
I gave up fixing code for FxPro, too much trouble just for one broker. They have their pips values completely screwed up. I could hardcode them of course, but it means I have to support several versions of same indicator. I think you could use another "normal" broker with trusted feed and execute your trades on FxPro.


Quoting ianf0ster
Hi,
I am sorry to have to tell you that the Orest and other indicators give bad values on Alpari and FxPro due to their (partial) implementation of 5 (£ for JPY) decimal places on pairs.

I use FxPro and have modified the Orest v12 indicator so as to give correct values (i.e as though all pairs were quoted as 5 {or 3 for JPY pairs} deciamal places. The problem is that the rel;ative pip values for all/some /JPY pairs are cauculated wrongly i.e 10 times too small! Naturally this throws the ranking of currency pairs out of whack.
Since I do not have an Alpari account, I can't provide you with the code changes that you need. However for FxPro, I have just changed the coding so that all /JPY pairs are displayed in the indi as if quoted with 3 dec places, wheras FxPro only quote some of them to 3 dec places.

I hope this helps,
Ian
  • #320
  • Oct 15, 2008 4:16pm Oct 15, 2008 4:16pm
Quoting FOREXflash
There you go.....and regarding the indicators.....buysellbasket is definately better!!!
WHich settings and TF do you use for it?

Thanks
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