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Indicators development for T101's not very simple method

  • #401
  • Oct 17, 2008 7:17pm Oct 17, 2008 7:17pm
Quoting Orest
pos = 0;
while (pos < 13)

should be

pos = 0;
while (pos <= 13)
The above code is from the sort routine and should be pos < 13 as in original code.
The following lines refer to position pos + 1 which would go beyond the end of the array if 13 is used.

if (StartingArray[pos] > StartingArray[pos+1]) // flip to > if you want smallest to largest
{
tempd = StartingArray[pos];
StartingArray[pos] = StartingArray[pos+1];
StartingArray[pos+1] = tempd;
temps = StartingName[pos];
StartingName[pos] = StartingName[pos+1];
StartingName[pos+1] = temps;
swapped = true;
}

Robert
  • #402
  • Oct 17, 2008 7:35pm Oct 17, 2008 7:35pm
Shiva,

When you're waiting for buysell basket lines to cross 350, do you want all the lines to cross or just the top line? Seems a big difference you changed from 100 to 350.

I still do not have a good exit for this. I just take it when it looks good.
  • #403
  • Oct 17, 2008 9:06pm Oct 17, 2008 9:06pm
Orest, you've done great! You know this is what I was waiting for. Now I'm doing research with various settings, and will let you know what I find.

Cheers,

George

Quoting Orest
Folks,
I have updated post#1. v.1.14 is released.

Here are timeframes which are available and could be set for each column in indicator's properties.

1 - 30d, 2 - 21d, 3 - 14d, 4-This week
5 - This day, 6 - 12h, 7 - 8h, 8 - 4h
9 - 2h, 10 - 1h, 11 - 30min
12 - 15min, 13 - 5min,14 - 1min

Defaults are the same as in the previous version.
I found it useful to have two charts open (depends on your machine power). One chart is Higher Time frames, another chart with Lower time frames. Chart with Lower time frames is always open and has also BuysellBasket indicator running.

Try it and tell me what you think.

Orest
  • #404
  • Oct 17, 2008 10:07pm Oct 17, 2008 10:07pm
You'd better find something we all need bentlies here.

Quoting comdoc
Orest, you've done great! You know this is what I was waiting for. Now I'm doing research with various settings, and will let you know what I find.

Cheers,

George
  • #405
  • Oct 17, 2008 11:49pm Oct 17, 2008 11:49pm
http://www.forexfactory.com/showpost...&postcount=129
http://www.forexfactory.com/showpost...&postcount=140
http://www.forexfactory.com/showpost...&postcount=141
http://www.forexfactory.com/showpost...&postcount=155
http://www.forexfactory.com/showpost...&postcount=158

I have read all the above posts (BuySellBasketTotal) but I still do not know what are those lines exactly? 3 buy 3 sell lines are referring to what values?



Quoting MrPip
I modified the BusSellBasketTotal to display 6 lines. Three for buy all and 3 for sell all.
No need to enter whether to buy or sell.
This has the look of making an easy EA.
Green, lime and yellow is for buy all.
FireBrick, red and orange is for sell all.
When they cross looks like a good point to watch for possible trade setup.

Robert
Attached Image
  • #406
  • Edited 12:47am Oct 18, 2008 12:14am | Edited 12:47am
Hi Tickjob.
I too am trying to figure that out... below is some segments of the code ... changed to make it a bit more readable to us non coders...
maybe this will help

SetIndexLabel(0,"LongPipsBuy");
SetIndexLabel(1,"ShortPipsBuy");
SetIndexLabel(2,"CombinedPipsBuy");
SetIndexLabel(0,"LongPipsSell");
SetIndexLabel(1,"ShortPipsSell");
SetIndexLabel(2,"CombinedPipsSell");

long_pipsBuy = GBPUSDm_pipsBuy + EURGBPm_pipsBuy + GBPJPYm_pipsBuy + USDCHFm_pipsBuy + NZDUSDm_pipsBuy + AUDJPYm_pipsBuy + EURJPYm_pipsBuy;

long_pipsSell = GBPUSDm_pipsSell + EURGBPm_pipsSell + GBPJPYm_pipsSell + USDCHFm_pipsSell + NZDUSDm_pipsSell + AUDJPYm_pipsSell + EURJPYm_pipsSell;

short_pipsBuy = EURUSDm_pipsBuy + USDJPYm_pipsBuy + AUDUSDm_pipsBuy + NZDJPYm_pipsBuy + GBPCHFm_pipsBuy + CHFJPYm_pipsBuy + EURCHFm_pipsBuy;

short_pipsSell = EURUSDm_pipsSell + USDJPYm_pipsSell + AUDUSDm_pipsSell + NZDJPYm_pipsSell + GBPCHFm_pipsSell + CHFJPYm_pipsSell + EURCHFm_pipsSell;

CombinedPipsBuy = short_pipsBuy+long_pipsBuy;
CombinedPipsSell = short_pipsSell+long_pipsSell;

---------------------------------
with an example of how one of them is caluclated

EURUSDm_pipsBuy = (EURUSDm_now-EURUSDm) /dPoint(short_basket1);
EURUSDm_pipsSell = (EURUSDm-EURUSDm_now) /dPoint(short_basket1);
-----------------------------------

EURUSDm= iOpen(short_basket1, tf, look_back)
-----------------------------------

too clever for me.... I can sort of understand what the code is doing but dont understand the reasoning behind it..... maybe one of the geniuses can explain.
  • #407
  • Oct 18, 2008 12:54am Oct 18, 2008 12:54am
Tickjob, Cdavid,
Mu understanding is if the Blue, Light Blue, Green crosses up above 0 and all 3 individual totals are above +100 you go long all 14 pairs, If the Red, Brown, Orange cross up above zero and above the blue lines and are above 100 you sell all 14 pairs, the figure of 100 is a ball park figure, you may wish to waiti for 200 etc
  • #408
  • Edited 1:41am Oct 18, 2008 1:03am | Edited 1:41am
Quoting kipper19
Tickjob, Cdavid,
Mu understanding is if the Blue, Light Blue, Green crosses up above 0 ......
Thanks Kipper... I have seen how some are using this indicator with great success ... but I like to try and understand what the Indicator is showing me ... I can see some sort of balencing or assimilation of the totals is going on but dont understand the reasoning behind it ...
I can see the 3 buy lines represent .. a long_pips_ buy ( the longs - bought) .. a short_pips_buy ( the shorts - bought ) ... and a combined Line of the sum of these... with the opposite for the Sell lines ... but I dont understand why such a combination is used.

I am just attempting to understand the significance of the three lines and any expansion/contraction or crossings between them.

I am sure the Math / Logic is probably beyond me .. but can anyone explain (in Laymens terms).
  • #409
  • Oct 18, 2008 2:16am Oct 18, 2008 2:16am
Thanks David, Kipper.

see below picture, is my understanding correct?

sometimes too many colours is confusing, basically there 2 things: Buy and Sell. so I prefer to use only 2 colours.
Attached Image
  • #410
  • Oct 18, 2008 2:28am Oct 18, 2008 2:28am
Thanks Whats costco btw?

Quoting Orest
It's sad you guys probably don't have Costco in Dubai. You are missing a lot of fun.

License plate looks awesome, shiva. The jag too.
  • #411
  • Oct 18, 2008 2:30am Oct 18, 2008 2:30am
Quoting trader101
I heard about Costco, Ill be there tommorrow after the wedding im attending, for my weekly groceries, on my way home i putting alot of gas to my SUV. But i like Shiva jag, i recorded the plate number will look for it whe im in Dubai. I would say thanks to IBFX and Fxpro for providing the groceries and gas.
Juslius, that licence plate is before the car chanegd hands and became mine, I have a diff one now Send me a PM when you visit Dubai, let me buy you a dinner!
  • #412
  • Oct 18, 2008 2:32am Oct 18, 2008 2:32am
All the lines BenQ. Exit is perhaps when you have around 150 pips, you may use some sort of a trademanagement EA to start trailing?

Quoting BenQ
Shiva,

When you're waiting for buysell basket lines to cross 350, do you want all the lines to cross or just the top line? Seems a big difference you changed from 100 to 350.

I still do not have a good exit for this. I just take it when it looks good.
  • #413
  • Oct 18, 2008 2:36am Oct 18, 2008 2:36am
I wonder if i we can also try something new to maximize profits.

ONLY sell the pairs in the group that is below the 0 line and buy the set that is above?

Yep, I know I am turning into a greedy little pig lol

Quoting TickJob
Thanks David, Kipper.

see below picture, is my understanding correct?

sometimes too many colours is confusing, basically there 2 things: Buy and Sell. so I prefer to use only 2 colours.
  • #414
  • Oct 18, 2008 2:55am Oct 18, 2008 2:55am
I think we should call the two groups of pairs "Group-1" and "Group-2" insteads of Long-Group and Short Group.
Attached Image
  • #415
  • Oct 18, 2008 3:28am Oct 18, 2008 3:28am
Can someones tell me what is the significant of look_back.
Is it look back number of bars?
If tf=15 min, look_back=4, it means 1 hour ago?

Quote
if (price1==0)GBPUSDm= iOpen(long_basket1, tf, look_back);else GBPUSDm=price1;
  • #416
  • Oct 18, 2008 3:28am Oct 18, 2008 3:28am
Quoting Cdavid
Thanks Kipper... I have seen how some are using this indicator with great success ... but I like to try and understand what the Indicator is showing me ... I can see some sort of balencing or assimilation of the totals is going on but dont understand the reasoning behind it ...
I can see the 3 buy lines represent .. a long_pips_ buy ( the longs - bought) .. a short_pips_buy ( the shorts - bought ) ... and a combined Line of the sum of these... with the opposite for the Sell lines ... but I dont understand why such a combination is used.

I am just attempting to understand the significance of the three lines and any expansion/contraction or crossings between them.

I am sure the Math / Logic is probably beyond me .. but can anyone explain (in Laymens terms).
Hi David,

As TickJob points out, too many colors can be confusing. And the terminology used is also confusing. TJ clarified that by separate labels for Short Group (7) and Long Group (7'). Combined Groups (14) is the entire basket total (14). There are 6 line colors, 3 for shorts and 3 for longs. Here's what they mean:

1 yellow is the combined pips total profit or loss from buying the Short Group and Long Group (14 pair basket).

2 lime is the pips gained from buying the Short Group.

3 green is the pips gained from buying the Long Group.

4. firebrick is the pips gained from selling the Long Group.

5. red is the pips gained from selling the Short Group.

6. orange is the total pips gained or lost from selling the Long Group and the Short Group (14 pair basket)

Of course this indicator lags, so it's not the best for early signal of trend change for the entire basket. The same problem as with a simple moving average.

Still, the crossings can be signifigant. As someone wrote before, watch for the combined basket total (yellow or orange) line to cross the spread total line (about 70 pips), then continue upward. If yellow, buy the whole 14 pair basket; if orange, sell the entire 14 pair basket. Some use higher level such as 100 or 140 (or more). You can change parameters (right click on the indicator window) to add gray lines around 70 and 140 to see crossings more clearly.

Hope this helps,

George
  • #417
  • Oct 18, 2008 4:57am Oct 18, 2008 4:57am
Red Lines Cross Up (+)= SELL all pairs.
Blue Lines Cross Up (+) = BUY all pairs
Attached Image
  • #418
  • Oct 18, 2008 5:10am Oct 18, 2008 5:10am
Quoting comdoc
Hi David,

Of course this indicator lags, so it's not the best for early signal of trend change for the entire basket. The same problem as with a simple moving average.

George

This lagging of this indicator may not be disadvantage if you trade higher timeframe direction, then the shorter timeframe may be a good entry signal. For the following case, since the higher timeframe showing SHORT STRONG, we only wait to trade SHORT.

http://www.tickjob.com/T101-2/t101-1hr-4hr.gif
  • #419
  • Edited 9:48am Oct 18, 2008 9:47am | Edited 9:48am
TickJob wrote: "This lagging of this indicator may not be disadvantage if you trade higher timeframe direction, then the shorter timeframe may be a good entry signal. For the following case, since the higher timeframe showing SHORT STRONG, we only wait to trade SHORT."

TJ, do you understand the signal algorithm? If so, could you please explain it? In your example, wasn't it the smaller timeframe indicating STRONG SHORT? Agreed that the longer TFs do power the shorter TF trends in rolling embedded wave cycles.

Why would the lagging of the indicator be an advantage for trading higher TFs? Wouldn't a late entry limit your actual trading profits? Waiting for price action to move farther means you missed part of the potential total movement profit. This was exactly my point about simple moving averages. "Safe" entry, but capture a smaller portion of the trend price action.

Thanks for clarification.

George
  • #420
  • Oct 18, 2008 11:44am Oct 18, 2008 11:44am
TickJob,
Nice pictures!

From what I'm seeng your definition of what the inidicator does absolutely right. What confuses me a little why did you decide to rename the groups though???
They really Buy group and Sell group. Anyway....

About look_back.
Among others there two significant entities in the indicator look_back value and timeframe you run the indicator on.

Note this statements:
if (price1==0)GBPUSDm= iOpen(long_basket1, tf, look_back);else GBPUSDm=price1;

GBPUSDm, ... etc they never changed during your current timeframe bar. They calculated just once stay the same. Okay? What does that mean for us? First of all don't pay attention to the history of the inidcator - it's wrong. Let's assume we run the indicator on 15min chart and loop_back=4. It means all lines we see on screen are compared to open price which was for these currencies groups 1h ago. Strictly speaking 4 15min bars back. Remember ForexFlash wasn't very happy about indicator last Friday? It's understandable. When price is moving fast the inidcator still compares everything to open price which was at 4th 15 min bar back. I proposed to change time frame to 5 min and look_back to 12.

Also I think it would be useful if we display separate currency groups as well. Like how USD group behave within Sell group, JPY group and Others. Exactly like we have totals for. This way we could decide maybe it worth trade just one group.




Quoting TickJob
Red Lines Cross Up (+)= SELL all pairs.
Blue Lines Cross Up (+) = BUY all pairs
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