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  • #541
  • Oct 16, 2008 3:50pm Oct 16, 2008 3:50pm
Quoting trader101
Wow, you just read what is in my mind, the US index actually I did mention this last week in one of my post after Brian kept urging me (BTW where is he now?) to look into it. And i am glad yuo had included it. The is a blast. My problem is my broker not having the usindex feed. You know of a broker that have the USD index feed. I cant wait to put my hands on this.. and tell Luke our appreciation to him as well. Franco our appreciation to the effort you put in here without even thinking of compensation. I hope we come close to perfection here.
Julius
Hi Julius,

I have been thinking about that after u said it was an interesring issue answering to Brian...and i 've been thinking how to put it inside ur system...

About a broker with the US$ i dont know...i built the index by myself adding the pairs that compose the US$ basket trhough excel data and with the prescripted mix (i want underliune that i see a slight discrepancy between my US$ results and the value that i read in the dollarindex indicator...maybe we need to go deeper in that) at the moment i wanted to see if it could give us some more guidance inserted in the basket.

Cheers Franco
  • #542
  • Oct 16, 2008 3:51pm Oct 16, 2008 3:51pm
Hi Trader101, I've been demoing your amazing basket of currencies system with great results for a few weeks now. Before I take it to my live account, I want to make sure that I completely grasp it. Please look at the attached chart. Usd/Cad clearly has moved to the top indicating a buy signal, yet the 15ema has crossed under the 50ema and its in a dive bomb. Also, usd/chf is in the 8th position indicating a buy signal (because usd/cad was a buy and the first to jump positions) yet usd/chf is sideways. This actually is the first time I've gotten a signal from your system that was incorrect (drastically incorrect). Please tell me where I'm reading this signal incorrectly? Your posts are invalueable and I love this system. Thanks in advance for your help and insight. GP
Attached Image (click to enlarge)
Click to Enlarge Name: wtf.gif Size: 53 KB
Brinks truck on standby, ready to kick it in reverse!
  • #543
  • Oct 16, 2008 3:56pm Oct 16, 2008 3:56pm
Quoting G. Piponacci
Hi Trader101, I've been demoing your amazing basket of currencies system with great results for a few weeks now. Before I take it to my live account, I want to make sure that I completely grasp it. Please look at the attached chart. Usd/Cad clearly has moved to the top indicating a buy signal, yet the 15ema has crossed under the 50ema and its in a dive bomb. Also, usd/chf is in the 8th position indicating a buy signal (because usd/cad was a buy and the first to jump positions) yet usd/chf is sideways. This actually is the first time I've gotten a signal from your system that was incorrect (drastically incorrect). Please tell me where I'm reading this signal incorrectly? Your posts are invalueable and I love this system. Thanks in advance for your help and insight. GP
Well IMHO i got that USDCAD is acting since many days as an anticorrelated pairs against the majority of basket pairs...when it gains the most of pairs (with alternate exception of eurgbp and usdchf or both of them) lose.

Check 4 this or excel spreadsheet or crodzilla monitor or orest indy...they all will say this.


regards Franco
  • #544
  • Oct 16, 2008 4:02pm Oct 16, 2008 4:02pm
Quoting corvogrigio
Hi Julius,

I have been thinking about that after u said it was an interesring issue answering to Brian...and i 've been thinking how to put it inside ur system...

About a broker with the US$ i dont know...i built the index by myself adding the pairs that compose the US$ basket trhough excel data and with the prescripted mix (i want underliune that i see a slight discrepancy between my US$ results and the value that i read in the dollarindex indicator...maybe we need to go deeper in that) at the moment i wanted to see if it could give us some more guidance inserted in the basket.

Cheers Franco
Ok i got you Bud,
Then we jsut make sure that the broker feed we use have all those pairs required in the calculation of the US index available in their platfrom to facilitate in the calculation. Also why there is two $ndex one positive other negative?? Definitely there is a great correlation of the $ndex to USD pairs. However i wnt to really have the real $ndex calculation not the one use in the indicator. The calculation there is not real. I dont know but lately i now become suspicious of any indicator created based on MA, RSI R/s and others. I just want real calculation. my 2 cents, please hurry up that excel.. LOL
Julius
  • #545
  • Oct 16, 2008 4:08pm Oct 16, 2008 4:08pm
Quoting G. Piponacci
Hi Trader101, I've been demoing your amazing basket of currencies system with great results for a few weeks now. Before I take it to my live account, I want to make sure that I completely grasp it. Please look at the attached chart. Usd/Cad clearly has moved to the top indicating a buy signal, yet the 15ema has crossed under the 50ema and its in a dive bomb. Also, usd/chf is in the 8th position indicating a buy signal (because usd/cad was a buy and the first to jump positions) yet usd/chf is sideways. This actually is the first time I've gotten a signal from your system that was incorrect (drastically incorrect). Please tell me where I'm reading this signal incorrectly? Your posts are invalueable and I love this system. Thanks in advance for your help and insight. GP
Pipo
i dont know becaseu you dont have all the necessary EA that is required for a better evaluation. The profit calc should be attached for you to know the trend. As i understand the trend in that time is Short Strong.. so your analysis of UCAD invading the red territory is flawed. It is the reds that is taking ove the blue territory. So you have to wait till the red dislodge the UCAD then a 14 pairs Short is the trade. Very carefully take time to read the history of your IA before jumping to trade. Remember there is alwasy 2 ways for the pairs to go either down or up, unless it is at the topmost then the move is done. I suggest you trade demo for a while until you are comfortable but its your money. Also i know you are comfortable with EMA an others but i think you should eventually learn to forget them...
Julius
  • #546
  • Oct 16, 2008 4:17pm Oct 16, 2008 4:17pm
Folks
I am sad to know that another very very good thread in trading system was just closed by the originator. Reason author i think get feed up people are just making it different. When is this going to end. Simple system is simple system but many complicate it. Destroy the core. My sympathy to ES trader.
Julius
  • #547
  • Oct 16, 2008 4:21pm Oct 16, 2008 4:21pm
Quoting corvogrigio
Well IMHO i got that USDCAD is acting since many days as an anticorrelated pairs against the majority of basket pairs...when it gains the most of pairs (with alternate exception of eurgbp and usdchf or both of them) lose.

Check 4 this or excel spreadsheet or crodzilla monitor or orest indy...they all will say this.


regards Franco
Okay, that makes sense and it looks like crodzilla agrees. Thanks Corvogrigio
Brinks truck on standby, ready to kick it in reverse!
  • #548
  • Edited 4:29pm Oct 16, 2008 4:26pm | Edited 4:29pm
Quoting trader101
Ok i got you Bud,
Then we jsut make sure that the broker feed we use have all those pairs required in the calculation of the US index available in their platfrom to facilitate in the calculation. Also why there is two $ndex one positive other negative?? Definitely there is a great correlation of the $ndex to USD pairs. However i wnt to really have the real $ndex calculation not the one use in the indicator. The calculation there is not real. I dont know but lately i now become suspicious of any indicator created based on MA, RSI R/s and others. I just want real calculation. my 2 cents, please hurry up that excel.. LOL
Julius
Hey Jul,

yes i composed the US$ adding usd/eur (reversing eur/usd) usd/yen usd/gbp usdcad usdsek and usdchf with this percent respectively 57.6% 13.6% 11.9% 9.1% 4.2% 3.6%---

I want to add anothe snapshot of another sheet where i put the US$ and these pairs (plus usd/aud aside) organized in the way u will see...

For everyone u can see the average and kind of exp average and a grid of values starting from the EAVG and proceeding by steps of 0.25 standard deviation...there is too a small arrow showing where the value is in real time..

this is an old shheet i bulit up and i reutilized 4 the US$...well all this could sound a bit off topic ..anyway i was wondering if it could be useful applied to the basket (ibfx or non ibfx)

I aslways rely on ur more expert eyes and brain

About the spreadsheet i put US$ both as a sell and as a buy to maintain simmetry but its not a must obviously...the spreadsheet is working since now , like it is -16 hours only 1 hour time frame - , i hope with luke help we coul get thec 24 hours with 15 mins timeframe. Anyway if anyone wants like it is now and if u agree i can upload it rightaway-

cheers franco

NOTICE the values of US$ is in PIPS the values u can read about the pairs is difference (in pipps) between the single pair minus the US$
Attached Image (click to enlarge)
Click to Enlarge Name: US$2.JPG Size: 180 KB
  • #549
  • Oct 16, 2008 4:27pm Oct 16, 2008 4:27pm
Quoting trader101
Pipo
i dont know becaseu you dont have all the necessary EA that is required for a better evaluation. The profit calc should be attached for you to know the trend. As i understand the trend in that time is Short Strong.. so your analysis of UCAD invading the red territory is flawed. It is the reds that is taking ove the blue territory. So you have to wait till the red dislodge the UCAD then a 14 pairs Short is the trade. Very carefully take time to read the history of your IA before jumping to trade. Remember there is alwasy 2 ways for the pairs to go either down or up, unless it is at the topmost then the move is done. I suggest you trade demo for a while until you are comfortable but its your money. Also i know you are comfortable with EMA an others but i think you should eventually learn to forget them...
Julius
You're right Julius, I had the core components of your system set up because it was working for me,but apparently a couple of the things I left out is just as important (imagine that Anyway, I'm setting up the complete system now. Thanks again for your insights. By the way, I've made a lot of money using EMA's, I'm curious to know your thoughts as to why I should "graduate" to no longer needing them? GP
Brinks truck on standby, ready to kick it in reverse!
  • #550
  • Oct 16, 2008 4:45pm Oct 16, 2008 4:45pm
Quoting G. Piponacci
You're right Julius, I had the core components of your system set up because it was working for me,but apparently a couple of the things I left out is just as important (imagine that Anyway, I'm setting up the complete system now. Thanks again for your insights. By the way, I've made a lot of money using EMA's, I'm curious to know your thoughts as to why I should \"graduate\" to no longer needing them? GP
Pipo
i completely understand that trading naked is hard to do at the beginning. I was like driving in the dark on a rainy night. But i remember that scene in Star Wars when Luke was blinfolded by Obi Wan the allow to trust his instinct. Not like that, we have IA and our indicator to guide us LOL.. If u dont mind me saying, the EMa was derived from the Price action and later processed and reprocessed with all the calculation voila now we are using the processed price action that is lagging. Our IA is price action in its finest, why would we need one annother lagging tool. Anyway Pipo, that is just me. If you are comfortable with it, hell..use it. No ones stopping anyone.
Julius..
  • #551
  • Oct 16, 2008 4:59pm Oct 16, 2008 4:59pm
Quoting trader101
Ok i got you Bud,
Then we jsut make sure that the broker feed we use have all those pairs required in the calculation of the US index available in their platfrom to facilitate in the calculation. Also why there is two $ndex one positive other negative?? Definitely there is a great correlation of the $ndex to USD pairs. However i wnt to really have the real $ndex calculation not the one use in the indicator. The calculation there is not real. I dont know but lately i now become suspicious of any indicator created based on MA, RSI R/s and others. I just want real calculation. my 2 cents, please hurry up that excel.. LOL
Julius
GIRAIA SENT ME A PM WITH THIS ADDRESS


http://www.alpari-idc.ru/en/



IT SEEMS TO HAVE DOLLAR INDEX CHART SYMBOL IS _DXY
  • #552
  • Oct 16, 2008 5:14pm Oct 16, 2008 5:14pm
Hi,
I have made the mod to display dollar s rather than pips ( or in may case since it is FxPro 1/10ths of a pip). I think that the difference is significant.
see for yourselves:

Pippettes
Attached Image (click to enlarge)
Click to Enlarge Name: t101-indicator-pippettes.gif Size: 70 KB
  • #553
  • Edited 5:20pm Oct 16, 2008 5:18pm | Edited 5:20pm
I have just realised that it seems everybody is using the Buy and Sell groups for non-IBFX the other way around to the way I have them ( which was from original list by T101). I will swap them around to match the majority.
If anybody would like the dollar display in a non-IBFX version based upon Orest V12 then just let me know .

This picture shows rank by dollars of profit/loss
Attached Image (click to enlarge)
Click to Enlarge Name: t101-indicator-dollars.gif Size: 66 KB
  • #554
  • Oct 16, 2008 5:36pm Oct 16, 2008 5:36pm
Ian,
in behalf of the reader here. i appreaciate the effort man. I notice you have the same problem as Orest have in the FXpro platform that bugger 1oth of a pip is being calculated as a pip and added to the total making our total erroneous. There are pairs that have 3 or 5 Digits and pairs that have 2 or 4 digits all in the same platform. someall should flood them with request to standardize that either 2 or 3 but just one style. Ian, i would greatly suggest that the indicator that you made be in an "on-demand-basis" only not to be posted in the thread. Thanks
Julius
  • #555
  • Oct 16, 2008 6:39pm Oct 16, 2008 6:39pm
Quoting trader101
Pipo
i completely understand that trading naked is hard to do at the beginning. I was like driving in the dark on a rainy night. But i remember that scene in Star Wars when Luke was blinfolded by Obi Wan the allow to trust his instinct. Not like that, we have IA and our indicator to guide us LOL.. If u dont mind me saying, the EMa was derived from the Price action and later processed and reprocessed with all the calculation voila now we are using the processed price action that is lagging. Our IA is price action in its finest, why would we need one annother lagging tool. Anyway Pipo, that is just me. If you are comfortable with it, hell..use it. No ones stopping anyone.
Julius..
I can see what you mean about the ema's being laggers. I'm really enthralled with your system. So I think that after I master it, I will be able to let go of my ema dependency. I suppose at that point I'll be a true jedi knightlol....Thanks again, happy trading..Gianni Piponacci
Brinks truck on standby, ready to kick it in reverse!
  • #556
  • Oct 17, 2008 12:10am Oct 17, 2008 12:10am
Quoting trader101
Wow, you just read what is in my mind, the US index actually I did mention this last week in one of my post after Brian kept urging me (BTW where is he now?) to look into it. And i am glad yuo had included it. The is a blast. My problem is my broker not having the usindex feed. You know of a broker that have the USD index feed. I cant wait to put my hands on this.. and tell Luke our appreciation to him as well. Franco our appreciation to the effort you put in here without even thinking of compensation. I hope we come close to perfection here.
Julius
Hi Julius,

You can try the link below for the LiteForex USD Index called USDLFX...

SigMT4Trader
  • #557
  • Oct 17, 2008 12:25am Oct 17, 2008 12:25am
Hello everybody!
Could somebody make a summary of the rules for this system in one post? Or, maybe, make a doc in pdf and upload it here?

Thank you in advance
  • #558
  • Edited 12:50am Oct 17, 2008 12:34am | Edited 12:50am
Quoting Forwarder
Hello everybody!
Could somebody make a summary of the rules for this system in one post? Or, maybe, make a doc in pdf and upload it here?

Thank you in advance
Please refer back to the old thread or catch Julius wrath...

http://www.forexfactory.com/showthread.php?p=2260074#post2260074
  • #559
  • Oct 17, 2008 2:44am Oct 17, 2008 2:44am
Quoting trader101
Ian,
in behalf of the reader here. i appreaciate the effort man. I notice you have the same problem as Orest have in the FXpro platform that bugger 1oth of a pip is being calculated as a pip and added to the total making our total erroneous. There are pairs that have 3 or 5 Digits and pairs that have 2 or 4 digits all in the same platform. someall should flood them with request to standardize that either 2 or 3 but just one style. Ian, i would greatly suggest that the indicator that you made be in an \"on-demand-basis\" only not to be posted in the thread. Thanks
Julius
The problem in the standard Orest v12 was that the 1/10ths of a pip values for the 3 JPY pairs quoted to only 2 dec places was wrong - so it was only showing 1/10th the value it should.
In my modified version I changed it so it showed all pairs with 1/10ths of a pip regardless of how they were quoted. It seems you do not like this and prefer whole pips. That is no problem, I can easliy chage it to do that.

But I thought you wanted it to show + - Dollars rather than pips, this is why I posted my reults with the first picture showing in 1/10ths of a pip and the second one taken at nearly the same time, but showing a different order because it is in +- Dollars.

Personally, Pips are of more interest to me than dollars, because for live, I don't have an FX Broker - I am in England and so use a Spreadbet Company which only allows taking positions in GBP per pip rather than in Lots.

Ian
  • #560
  • Oct 17, 2008 5:58am Oct 17, 2008 5:58am
Quoting Aad
Hi Julius,

You can try the link below for the LiteForex USD Index called USDLFX...

SigMT4Trader
Julius, I forgot to also mention that along with the Usd Index they have the Eur Index, Gbp Index, Chf Index, Jpy Index, Cad Index, Aud Index, and Nzd Index.

Sure there's probably no need for 8 currency indexes but I thought it might be interesting to see them all in a IA account and watch them fight it out.

See pic below, I also attached the hedge IA script that I used...
Attached Image (click to enlarge)
Click to Enlarge Name: Basket Of Indexes.JPG Size: 228 KB
Attached File(s)
File Type: mq4 TradeHedge IA Setup Indexes (SIG Trader) [Script] v4.mq4   4 KB | 425 downloads
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