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Simple System By T101 - My Thought 18 replies

Continuation of T101 method discussions 24 replies

My first attempt at T101's basket method... 2 replies

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T101 external IA Monitor

  • #301
  • Oct 15, 2008 11:59am Oct 15, 2008 11:59am
Carl...

Legend!!!
  • #302
  • Oct 16, 2008 12:56am Oct 16, 2008 12:56am
Carl,

For some reason my alerts are not working. Yesterday when i first installed v18 they were working but I noticed after a while that anchor pairs were swapping but no alert. Today I restarted it but still no alerts. I am using IBFX v18 and I have the first 2 alerts ticked with files. I have double clicked the .wav files and yes I can hear them.

Bob
  • #303
  • Oct 16, 2008 7:25am Oct 16, 2008 7:25am
I'll check on it, thanks.

Does anyone else have issues with alerts?

Keep in mind that alerts with anchor moves have a filter on them (so that they don't go off every second when they switch back and forth).

So, the anchor pair has to move beyond the last pip count of the pair it replaced by 5 pips, for the alarm and log function to kick in.

Carl

Quoting Barcode
Carl,

For some reason my alerts are not working. Yesterday when i first installed v18 they were working but I noticed after a while that anchor pairs were swapping but no alert. Today I restarted it but still no alerts. I am using IBFX v18 and I have the first 2 alerts ticked with files. I have double clicked the .wav files and yes I can hear them.

Bob
  • #304
  • Oct 16, 2008 7:25am Oct 16, 2008 7:25am
You are to kind.

Quoting guess121
Carl...

Legend!!!
  • #305
  • Oct 16, 2008 10:35am Oct 16, 2008 10:35am
Carl u are doing a great job here! I see your indicator[s] as the best off shoot of the 101 Method.

We all love you for the free time u give to help all of us! I am so grateful to you! I still need to try the last indicator yet, but I love the one I am using so much......lol Keep up the good work!

Thank You Carl!!!
  • #306
  • Oct 16, 2008 11:03am Oct 16, 2008 11:03am
Carl,

Thanks for your program. I wanted to make a suggestion that will save you some serious time down the road while making your work more flexible and easier to maintain. (Did that get your attention?!) I'm also a programming type and can relate when you say it's kind of a pain to maintain two programs and since your primary concern is with one broker, while others want something else, you end up having to cater to them and spend a bunch of dual time working on two separate and ongoing programs and all the hassles associated with that. I've been there and I know from experience that it's not an effective use of your time. The answer is to get it combined into one program ASAP so it will simplify future development and save you a bunch of time - all while adding flexibility for the end user and making things easier for you.

It seems to me the dual maintenance comes of the difference in pairs (the two lists). A simple way around this is to create a single text file containing a list of the pairs that a user wants to collect data for and use in your program, and put it in a handy location like \experts\files where your program resides. On startup, the MT4 indicator reads that file, and assigns the pairs to variables (possibly an array) and then proceeds to collect data for those pairs normally.

Your program also reads this text file on startup and makes an assumption like the fact that the first 7 pairs are long pairs and the second seven pairs are short pairs. And thus your program will be on the same page as the MT4 indicator that is collecting and storing data.

Making this relatively simple change will also allow users to experiment with the pairs used by modifying or creating their own custom set of pairings as they desire. And voila! You will be out of the business of maintaining two programs and end users will have more flexibility!

For even more flexibility (not necessary but an additional option), your program could count the # of symbols in the text file and make the assumption that the first half of the symbol list are long symbols and the second half of the symbol list are short symbols - that way users could experiment with lists containing more/fewer numbers of symbols (like 10, 12, 16 etc) and your program would become even more powerful.

Hope it saves you a bunch of time!!
  • #307
  • Oct 16, 2008 12:52pm Oct 16, 2008 12:52pm
FXEZ: We see eye to eye. I have an outline for that very scenario.
I am waiting for some information from Julius before I proceed.

Another Topic-Rant (Not directed at FXEZ), response to some PM's:

I inteded for this IA Monitor to be an exact match for what Julius was trying to communicate to everyone. I did not want people to be able to "experiment" with the system. It is complicated enough to get a grasp on what the system is.

The biggest problem with these types of message boards is, and you can look into any "system" thread, people will always try to make it better, add more bells and whistles, etc.

Someone has a system that works great for them. So, they start a thread to tell people about it. After all is said and done, 100 pages later, you can't even recognize what the system was that started the whole thing out.

I understand that is human nature, to tinker to try and make things better. But its my opinion that when the originator has made it clear (and closed threads because of it), that he doesn't want to talk about off-shoots of his strategy that has been successful for years, on the thread, we should respect him enough to do so.

There are only a handful (maybe) of people that have a good grasp of the T101 methodology. Julius hasn't even explained it all, and people are talking about "making it better."

I don't feel confident enough to try and "make it better" right now. I need to get this monitor to the point I can "analyze" when events occur that allow us to take advantage of basket movements. Once I have that logging code finished, I am going to spend a lot of time analyzing this method, not programming. I program for fun. I trade, to make money.

Thanks for all the votes of support (PM's). They are appreciated.

Carl



Quoting FXEZ
Carl,

Thanks for your program. I wanted to make a suggestion that will save you some serious time down the road while making your work more flexible and easier to maintain. (Did that get your attention?!) I'm also a programming type and can relate when you say it's kind of a pain to maintain two programs and since your primary concern is with one broker, while others want something else, you end up having to cater to them and spend a bunch of dual time working on two separate and ongoing programs and all the hassles associated with that. I've been there and I know from experience that it's not an effective use of your time. The answer is to get it combined into one program ASAP so it will simplify future development and save you a bunch of time - all while adding flexibility for the end user and making things easier for you.

It seems to me the dual maintenance comes of the difference in pairs (the two lists). A simple way around this is to create a single text file containing a list of the pairs that a user wants to collect data for and use in your program, and put it in a handy location like \experts\files where your program resides. On startup, the MT4 indicator reads that file, and assigns the pairs to variables (possibly an array) and then proceeds to collect data for those pairs normally.

Your program also reads this text file on startup and makes an assumption like the fact that the first 7 pairs are long pairs and the second seven pairs are short pairs. And thus your program will be on the same page as the MT4 indicator that is collecting and storing data.

Making this relatively simple change will also allow users to experiment with the pairs used by modifying or creating their own custom set of pairings as they desire. And voila! You will be out of the business of maintaining two programs and end users will have more flexibility!

For even more flexibility (not necessary but an additional option), your program could count the # of symbols in the text file and make the assumption that the first half of the symbol list are long symbols and the second half of the symbol list are short symbols - that way users could experiment with lists containing more/fewer numbers of symbols (like 10, 12, 16 etc) and your program would become even more powerful.

Hope it saves you a bunch of time!!
  • #308
  • Oct 16, 2008 3:59pm Oct 16, 2008 3:59pm
Hey Carl,

Appreciate your response and I agree with your points exactly! Why fix something that may work perfectly if we just take the time to understand it better? Good points all!

To that end I have been watching how the currencies have been lining up and attempting to apply the basket trading rules put forward by T101. That seems to be the simplest strategy to comprehend and I think your program does a good job of making it easier to spot when the trend leadership has changed, as per the log entries and the visual color display. But I'm not sure what constitutes an exit strategy for the basket. Does anyone know is that covered by T101?

The other strategy that T101 talks about has been boiled down by netwise to the following:

Quote
bro i nothing do special just a forex addicted
and thats why watching pairs carefully
and my rules is soo soo clear

1) BUYS that jumps up === BUY (if buy jump to profit you buy)
2) SELLS that jumps down=== BUY (if sell jump to loss you buy)
3) BUYS that jumps down === SELL (if buy jump to loss you sell)
4) SELLS that jumps up === SELL (if sell jump to profit you sell)


this is what i do nothing else i see the software very carefully and when this movement happen i suddenly open the trades some itme its little earlier but after all i got profit like today , yesterday i open some trades and they are little earlier i go in minus but today i got them in profit

very very simple nothing complicated

hope you understand and well about GJ i have another system which i just make for gj and i use it for gj

thanks
NeTwise
I think the original intent by T101 was to only trade jumps across the middle slot (from 7 to 8 or 8 to 7) but I like the simplicity of the description above and if it's working, then I'm all for it! (This is from post #82 btw.) Implementing this strategy on my demo has been more difficult than the basket strategy. For one I stare at the prices in the program and things are jumping up and down and arrows moving all over and after the fact I can't tell what is moving where or which pair initiated the move (if that is even important).

So I think to really get what's going on I need to just isolate my watching to 1 or 2 or 3 pairs from the list and keep track of their price changes and then start placing some demo trades on them based on the logic above. In a later post someone points out that just because a currency moves up or down in the list doesn't mean that particular one is moving - it could be the one that passed by or jumped our currency that is the one that is moving. Not sure if that is important to only trade the one that is moving but that seems logical. So (apparently) unfortunately you can't just trade the arrows because that only tells half the story and seems to be a bit of a whipsaw too because they shift quite often when 2 or 3 currencies are very close on the list. And for the exit you need to see 2 down or 2 up arrows and keeping track of that is not that easy.

So I'm still working on implementing the basket strategy on the demo and haven't yet got to the point where Netwise is "scalping pips like crazy" though I hope to figure out how to do it so I can see which strategy is more profitable.
  • #309
  • Oct 16, 2008 4:44pm Oct 16, 2008 4:44pm
Hi Crodzilla,
I'd like if you could comment my attached screenshot, where you can see EURUSD value taken from start of current week at 13 OCT on IBFX platform. Looking at the charts we can see opening range at week's start was 1.3599 and actual value is 1.3415 so EURUSD make 184 pips on short side. What's strange is that your indicator is showing 118 pips , so I don't understand if it's a bug or I'm missing something on the whole T101 method.
Could you take a look on this please ?

Cheers,
Skyline
Attached Image (click to enlarge)
Click to Enlarge Name: T101 example.jpg Size: 147 KB
  • #310
  • Oct 16, 2008 4:54pm Oct 16, 2008 4:54pm
Thank you very much for the possible bug. I'll have to look at the data file, and see if the index is off by a day. Look at the next day or previous day, and see if that is more accurate.

Thanks. Carl.

Quoting skyline
Hi Crodzilla,
I'd like if you could comment my attached screenshot, where you can see EURUSD value taken from start of current week at 13 OCT on IBFX platform. Looking at the charts we can see opening range at week's start was 1.3599 and actual value is 1.3415 so EURUSD make 184 pips on short side. What's strange is that your indicator is showing 118 pips , so I don't understand if it's a bug or I'm missing something on the whole T101 method.
Could you take a look on this please ?

Cheers,
Skyline
  • #311
  • Oct 16, 2008 4:58pm Oct 16, 2008 4:58pm
New Version 18 for Original T101 Pairs.

New Multi-timeframe version. Same as IBFX pairs version 18.

Some minor bug fixes.

Carl
  • #312
  • Oct 16, 2008 5:00pm Oct 16, 2008 5:00pm
Quoting crodzilla
Thank you very much for the possible bug. I'll have to look at the data file, and see if the index is off by a day. Look at the next day or previous day, and see if that is more accurate.

Thanks. Carl.
Thank You Carl

Btw which language did you use to code that monitor program ?
  • #313
  • Oct 16, 2008 6:03pm Oct 16, 2008 6:03pm
Many thanks, Carl.

I too wondered what language you are using - only out of curiosity.

Cheers

  • #314
  • Oct 17, 2008 1:57am Oct 17, 2008 1:57am
Carl

My log files are being saved to the \IBFX\Sounds folder. Could this in any way have something to do with why my alerts are not working?
  • #315
  • Oct 17, 2008 2:15am Oct 17, 2008 2:15am
Quoting SteveHopwood
Many thanks, Carl.

I too wondered what language you are using - only out of curiosity.

Cheers

Halo Member..
may be there is a some one can help me to find out where the details/explanation located this IA monitor.

Thanks

yoha
  • #316
  • Oct 17, 2008 3:19am Oct 17, 2008 3:19am
may I request to add graphs shown below of the post like this: http://www.forexfactory.com/showpost...&postcount=524
  • #317
  • Oct 17, 2008 3:43am Oct 17, 2008 3:43am
Thanks a lot for your great efforts and sympathy with others.

Regards,
Peram
  • #318
  • Oct 17, 2008 3:54am Oct 17, 2008 3:54am
Carl

I've attached my log file which shows the action for the last hour but there were no audible alerts.
Attached File(s)
File Type: txt 10-17-2008_1951.txt   8 KB | 632 downloads
  • #319
  • Oct 17, 2008 6:55am Oct 17, 2008 6:55am
Hmm. That is an interesting bug. Since, the log files are wired to be saved to the same directory the program resides. Are you running Vista?

I have not personally seen that bug on either version (otherwise I would have fixed it). I'll have to add some more "hard-wire" type coding for that in version 19.

Carl

Quoting Barcode
Carl

I've attached my log file which shows the action for the last hour but there were no audible alerts.
  • #320
  • Oct 17, 2008 6:57am Oct 17, 2008 6:57am
TJ,
I saw that. That looks way cool.

I've wanted to crank up my drawing tools, but I'll get to that a little later.

Carl

Quoting TickJob
may I request to add graphs shown below of the post like this: http://www.forexfactory.com/showpost...&postcount=524
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