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

Attachments: Indicators development for T101's not very simple method
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Indicators development for T101's not very simple method

  • #421
  • Oct 18, 2008 11:57am Oct 18, 2008 11:57am
Quoting shiva
Okay, here is a step by step snapshot of a sample trade (demo)

Picture one: Buys cross zero line and go over 100 line - Possibility of long
Attachment
Pic two: Orest Indicator says long with spread close to magic 77
Attachment
Trade openend at the green verticle line in Pic one

Pic three: This Picture speaks 100 + pips, no more words necessary
Attachment
That's a nice proof Pix

But I wonder how you setup to get level lines separate from each other clearly far like that , I use same setting like your but mine is so close each other, do you have any idea?
Pls Help
Thanks
  • #422
  • Oct 18, 2008 12:11pm Oct 18, 2008 12:11pm
You could scale (zoom) in and out your chart's Y axis (where the price is) using your mouse. I think this is left-click and dragging the mouse up or down.

Quoting LaTeCoMeR
That's a nice proof Pix

But I wonder how you setup to get level lines separate from each other clearly far like that , I use same setting like your but mine is so close each other, do you have any idea?
Pls Help
Thanks
  • #423
  • Oct 18, 2008 12:34pm Oct 18, 2008 12:34pm
Quoting Orest
You could scale (zoom) in and out your chart's Y axis (where the price is) using your mouse. I think this is left-click and dragging the mouse up or down.
Hi orest

Thanks for your tips, I did zoom in/out but i still get those line close eachother not like shivas pix, any way which version of your indi showing the best interest for FXpro, or Frex.com , i currently use your 1.11v
Thanks
  • #424
  • Edited 12:42pm Oct 18, 2008 12:37pm | Edited 12:42pm
Quoting Cdavid
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.
I fixed a bug in the following lines.

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

The 0, 1, 2 should be 3, 4, 5.
This is so that the popup label is correct when you float the mouse over a line.

I posted this fix on another thread and missed this one.

What the indicator does is show what would happen if you traded the entire backet as all buys or all sells as described in the original method. I tried to use similar colors for the buy all trades and sell all trades but still different so you can see the results for the buy and sell sets.

Thanks to everyone for the great explanations of this indicator.

BTW, there is not that much lag as the indicator is using the 15 minute timeframe based on the tf input. If you want even less lag try using the 5 minute timeframe.

The values are calculated based on the current open vs the current close

The new bug fix was from the current open should have included the bar index and the lookback value. The plot is almost identical but the values are different.

Robert
Attached File(s)
File Type: mq4 BuySellBasketTotalv2.mq4   12 KB | 1,267 downloads
  • #425
  • Oct 18, 2008 12:56pm Oct 18, 2008 12:56pm
When using the basket indicator it is VERY IMPORTANT that you have data for all the pairs used for the tf of interest. Otherwise the price used will be 0.0 for both the open and the close.

I just completed the following steps and the indicator changed significantly.

A fast way to get data is to open a chart for the 15 minute timeframe. Then click and drag dor each symbol in the market watch window. Repeaqt for each timeframe.

I am not certain if a chart foreach pair would need to be open to update the data.
Aslo interesting to look at the chart for the setting of tf.
Robert
  • #426
  • Edited 1:14pm Oct 18, 2008 12:59pm | Edited 1:14pm
Quoting MrPip
.......
What the indicator does is show what would happen if you traded the entire backet as all buys or all sells as described in the original method. I tried to use similar colors for the buy all trades and sell all trades but still different so you can see the results for the buy and sell sets.

Robert
Of course ....

Long Pips Buy = If you had only Bought the Longs
Short Pips Buy = If you had only Bought the Shorts
Combined = Bought both ( whole basket ) as per original system.

Thanks Robert & comdoc.... I knew one of you geniuses could explain it ... that just cleared a lot up for me.... sort of .... Im sure this is a stupid question ... but why use Look back at all. I guess what I mean is why deduct the Look back value from the present value.
  • #427
  • Oct 18, 2008 1:35pm Oct 18, 2008 1:35pm
OK, all lines, thanks. For trademanagement EA I use SteveHopwoods. His is the best I have seen, and has consistenly done what it is supposed to do. Some of the others have closed prematurely for me. He just released a new version that has a trailing stop for the basket. I haven't tried the new version yet as it just came out.

Quoting shiva
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?
  • #428
  • Oct 18, 2008 2:01pm Oct 18, 2008 2:01pm
MrPip,

I'm seeing a significant difference in the new BuySellBasket you just posted. The one on the bottom is the new v2. It looks completely different from the previous one. TF, lookback are pairs are identical in both.
Attached Image (click to enlarge)
Click to Enlarge Name: buysellbasket.gif Size: 33 KB
  • #429
  • Oct 18, 2008 2:31pm Oct 18, 2008 2:31pm
Robert,

Thanks for posting the new version. I get the same display as BenQ but it maybe because the mkt is closed and once we get ticks it will look the same. Values in the Data Window are identical however so I guess the appearance is unimportant.

Any chance of adding an alert with user-definable trigger value? That would be really useful.

Thanks again

^ Optimist ^
  • #430
  • Oct 18, 2008 2:56pm Oct 18, 2008 2:56pm
Quoting BenQ
MrPip,

I'm seeing a significant difference in the new BuySellBasket you just posted. The one on the bottom is the new v2. It looks completely different from the previous one. TF, lookback are pairs are identical in both.
Hi,

How come my indicator's graph look differ than yours
Same broker IBFX ????
Any idea would appreciate
Attached Image (click to enlarge)
Click to Enlarge Name: buysellbasket.JPG Size: 85 KB
  • #431
  • Oct 18, 2008 3:02pm Oct 18, 2008 3:02pm
Quoting LaTeCoMeR
That's a nice proof Pix

But I wonder how you setup to get level lines separate from each other clearly far like that , I use same setting like your but mine is so close each other, do you have any idea?
Pls Help
Thanks
Use the magnify icon AND. Stretch out the indicator window.
  • #432
  • Oct 18, 2008 3:16pm Oct 18, 2008 3:16pm
From the first glance your fix looks okay, MrPip. Thank you. I wonder should we add alert or at least Print if some of the pair returns 0 as a result of lack of history?


Quoting MrPip
I fixed a bug in the following lines.

SetIndexLabel(0,\"LongPipsSell\");
SetIndexLabel(1,\"ShortPipsSell\");
SetIndexLabel(2,\"CombinedPipsSell\") ;

The 0, 1, 2 should be 3, 4, 5.
This is so that the popup label is correct when you float the mouse over a line.

I posted this fix on another thread and missed this one.

What the indicator does is show what would happen if you traded the entire backet as all buys or all sells as described in the original method. I tried to use similar colors for the buy all trades and sell all trades but still different so you can see the results for the buy and sell sets.

Thanks to everyone for the great explanations of this indicator.

BTW, there is not that much lag as the indicator is using the 15 minute timeframe based on the tf input. If you want even less lag try using the 5 minute timeframe.

The values are calculated based on the current open vs the current close

The new bug fix was from the current open should have included the bar index and the lookback value. The plot is almost identical but the values are different.

Robert
  • #433
  • Oct 18, 2008 3:19pm Oct 18, 2008 3:19pm
Ben,
can we have the trademanagement EA you mentioned here?

Yes, history of previous version of inidicator was complete mess. Only current value worth attention.

Quoting BenQ
MrPip,

I'm seeing a significant difference in the new BuySellBasket you just posted. The one on the bottom is the new v2. It looks completely different from the previous one. TF, lookback are pairs are identical in both.
  • #434
  • Oct 18, 2008 3:23pm Oct 18, 2008 3:23pm
David,

inidcator "looks back" as far as you tell it too (let's say 4 bars). Then it takes Open price from there and compare it with current price. Okay? With me? Then it shows on the graph whether profit or loss occures.

What's why need that look_back, it's very important. Simply how far back should I take the price from to compare it with my current price. Hope this helps.


Quoting Cdavid
Of course ....

Long Pips Buy = If you had only Bought the Longs
Short Pips Buy = If you had only Bought the Shorts
Combined = Bought both ( whole basket ) as per original system.

Thanks Robert & comdoc.... I knew one of you geniuses could explain it ... that just cleared a lot up for me.... sort of .... Im sure this is a stupid question ... but why use Look back at all. I guess what I mean is why deduct the Look back value from the present value.
  • #435
  • Oct 18, 2008 3:29pm Oct 18, 2008 3:29pm
Oh, I see. You could also try to set the Min and Max for the indicator. It's in properties->Common->Fix Maximum and Fix Minimum. Play with it.

I wouldn't recommend to use it on FxPro because of 5 digits pips after dec. point. Somebody said FxPro live feed is okay.

Quoting LaTeCoMeR
Hi orest

Thanks for your tips, I did zoom in/out but i still get those line close eachother not like shivas pix, any way which version of your indi showing the best interest for FXpro, or Frex.com , i currently use your 1.11v
Thanks
  • #436
  • Oct 18, 2008 3:32pm Oct 18, 2008 3:32pm
Quoting shiva
Use the magnify icon AND. Stretch out the indicator window.
Hi Shiva

I Zoom out max, but look at it ,,,

Any idea hlp
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Magnify.GIF Size: 66 KB
  • #437
  • Oct 18, 2008 3:37pm Oct 18, 2008 3:37pm
Yes, I noticed that the values were the same too. Maybe it's something to do with the history. We'll see when the market opens.

Quoting Forex Optimi
Robert,

Thanks for posting the new version. I get the same display as BenQ but it maybe because the mkt is closed and once we get ticks it will look the same. Values in the Data Window are identical however so I guess the appearance is unimportant.

Any chance of adding an alert with user-definable trigger value? That would be really useful.

Thanks again

^ Optimist ^
  • #438
  • Oct 18, 2008 3:39pm Oct 18, 2008 3:39pm
It's in his thread here. Just updated today with a new version on Post #1.
http://www.forexfactory.com/showthread.php?t=89371

Previous version was excellant.

Quoting Orest
Ben,
can we have the trademanagement EA you mentioned here?
  • #439
  • Oct 18, 2008 3:45pm Oct 18, 2008 3:45pm
Not sure, unless your TF and lookback are different. Mine in the pic are TF 15 and lookback 4.

Quoting LaTeCoMeR
Hi,

How come my indicator's graph look differ than yours
Same broker IBFX ????
Any idea would appreciate
  • #440
  • Oct 18, 2008 3:46pm Oct 18, 2008 3:46pm
Thank you, Ben.
It doesn't look like those simple trailing EAs. Which settings do you normally touch for using with T101's method?


Quoting BenQ
It's in his thread here. Just updated today with a new version on Post #1.
http://www.forexfactory.com/showthread.php?t=89371

Previous version was excellant.
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