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Indicators development for T101's not very simple method

  • #481
  • Oct 19, 2008 8:19pm Oct 19, 2008 8:19pm
Well, but that's what at the bottom of O indicstor is. (sell, buy) (here is that crazy LOL icon, which I couldn't find)
  • #482
  • Oct 19, 2008 8:21pm Oct 19, 2008 8:21pm
Quoting Orest
Hey folks,
anyone wants to be a volunteer(s) to change BuySellBasket to include also USD,JPY and Others lines or you want me to do it?
there are some indicators in Brian thread (rollover) that maybe can be used as a model. I never used that but they are for group of pairs.
  • #483
  • Edited 10:41pm Oct 19, 2008 10:37pm | Edited 10:41pm
Quoting Orest
Hey folks,
anyone wants to be a volunteer(s) to change BuySellBasket to include also USD,JPY and Others lines or you want me to do it?
Hey Orest,

That indicator is going to look mighty cluttered with 6 colored lines above and below middle line. In my current T GROUP (all 14 pairs), the LONG group includes 4 JPY pairs, and the SHORT group includes 4 USD pairs. In both LONG and SHORT groups, there is only 1 other currency pair (both CHF pairs); so we could rename the Other group to the C group. Because the JPY pairs have more volatility and profit potential, I would prefer the JPY total listed first at the bottom. So J 1st, U 2nd, and C 3rd.

If we have numbers for JPY pairs total, USD pairs total, and Other pairs total do we really need separate lines on the BuySellBasket indicator? What do others feel?

Regards,

George
  • #484
  • Oct 19, 2008 10:56pm Oct 19, 2008 10:56pm
Some of the interesting issues you are rising here, George.
Are really those Longspipsbuy, Longpipssell, Shortpipsbuy, Shortpipssell very useful at all? We are definitely interested in combined pips lines though.

So, I think we should have next lines on the indicator:
- combined of course: sell and buy (they are perfectly symmetrical, but it's okay)
- JPY group buy, sell (combined)
- USD group buy, sell (combined)
- Others group buy, sell (combined)

Orest


Quoting comdoc
Hey Orest,

That indicator is going to look mighty cluttered with 6 colored lines above and below middle line. In my current T GROUP (all 14 pairs), the LONG group includes 4 JPY pairs, and the SHORT group includes 4 USD pairs. In both LONG and SHORT groups, there is only 1 other currency pair (both CHF pairs); so we could rename the Other group to the C group. Because the JPY pairs have more volatility and profit potential, I would prefer the JPY total listed first at the bottom. So J 1st, U 2nd, and C 3rd.

If we have numbers for JPY pairs total, USD pairs total, and Other pairs total do we really need separate lines on the BuySellBasket indicator? What do others feel?

Regards,

George
  • #485
  • Oct 19, 2008 11:04pm Oct 19, 2008 11:04pm
Quoting Orest
I don't understand the issue... You do know how to change pairs in indicator's properties, right? Don't tell me you don't.

sorry, Got it now

Copy & Paste
  • #486
  • Oct 19, 2008 11:18pm Oct 19, 2008 11:18pm
Okay,

I'm for a LONG ride for now. Everything says LONG even activity is not very high. It's my bed time and I'm +150 pips in 30 min (+50 secured). Those shorter time frames are really helping. At least if screams opposite in 15 min tf I'd wait for better setup in 1h. Let's see what happenes during the London session.

Orest

UPDATE:
+270 pips (+110 pips secured).
  • #487
  • Oct 20, 2008 12:26am Oct 20, 2008 12:26am
Hi Orest
I was wondering if you can help me to understand with your new indicators
pls. My understanding is if

U= For group with USD
J= For group with JPY
O= For Others

Now look at the screenshot

J= -18 ...signal go long < means buy all pairs Against JPY (Sell JPY)

U= T 87 Signal go long = Buy USD

What is your analysis base on currency index???



Can You correct me for confirmation pls


Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Total analysis.GIF Size: 105 KB
  • #488
  • Oct 20, 2008 12:42am Oct 20, 2008 12:42am
I set up the orest V1.14ftoday with both sets of non IBFX pairs using the default time frame.
After watching a while they went from generally shrt/or none to . .
i didn't save a picture, but the set that contains USDCAD read Long(strong) on 1hr/4H/Day and this week. Short on 14/21/30

the set that contains NZDUSD read long(strong) on 1H, none on 4H, Day and this week. Short on 14/21/30

I felt that this was the beginning of a general up move.
Very Strongly.
My live account at Oanda their spreads are huge for the first several hours of the week (and still geetting my bearings) so I decided to trade it on Fxpro demo.

I ran the Buy12 script but there is some code error that made it a buy 13 short the USDCHF. 1 lot each.i turned off the world and took a nap.
i turned on the world moments ago to find the account up over 7K.

i ran profit protect and was taken out at about $7,00 profit.
NOW THE REASON FOR THIS POST. .
Armed with the knowledge of the success of that trade i decided to look at the BuySell Total and see if there was a fit with differen TF look back combinations.
if i figure out how to attach you'll see
The top is 15tf/0look
middle 1 tf 60 look
bottom 15 tf, 12 look

The red vertical line marks 8PM NY time.
my trades were entered at 7:52.
the third one seems to fit.
Anyway I'm keeping my eye on this. If anybody else has such observations I'd love to see them

In the real worl i would have gone.10 lot, but 700 would have been a nice way to start the week
Attached File(s)
File Type: doc 101908.doc   204 KB | 1,030 downloads
  • #489
  • Oct 20, 2008 12:50am Oct 20, 2008 12:50am
orest,
You have two sets of pairs in the newer versions of your indicator.
One set seems to be the T101 original the other (which contains the NZDUSD) is newqer and will be the one that pops up if the code is left unedited.

What was the reason for the newer set. has anyone discovered any distinct advantage over the other?
You may note from my last post that my observation is they don't move exactly in tandem (the trend direction portion of the indicators that is).
Any thoughts?
thanks
MArk
  • #490
  • Oct 20, 2008 3:44am Oct 20, 2008 3:44am
Orest,

The best is to combine the chart with your program

Quoting Orest
Some of the interesting issues you are rising here, George.
Are really those Longspipsbuy, Longpipssell, Shortpipsbuy, Shortpipssell very useful at all? We are definitely interested in combined pips lines though.

So, I think we should have next lines on the indicator:
- combined of course: sell and buy (they are perfectly symmetrical, but it's okay)
- JPY group buy, sell (combined)
- USD group buy, sell (combined)
- Others group buy, sell (combined)

Orest
  • #491
  • Edited 7:26am Oct 20, 2008 7:25am | Edited 7:26am
Quoting Orest
Some of the interesting issues you are rising here, George.
Are really those Longspipsbuy, Longpipssell, Shortpipsbuy, Shortpipssell very useful at all? We are definitely interested in combined pips lines though.

So, I think we should have next lines on the indicator:
- combined of course: sell and buy (they are perfectly symmetrical, but it's okay)
- JPY group buy, sell (combined)
- USD group buy, sell (combined)
- Others group buy, sell (combined)

Orest
Yes, Orest, I agree that the combined results are more important for LONG or SHORT entry for all 14 pairs in entire GROUP. I've been a busy beaver today modifying the whole PROFIT group vs. LOSS group concept, and the entire T GROUP as well. Here's a link to my research findings:

http://www.forexfactory.com/showthre...46#post2290646

I've been scalping profitably all day using this new groups model. As always, your coding assistance is welcome and appreciated.

Insightful developments,

George
  • #492
  • Edited 9:31am Oct 20, 2008 9:05am | Edited 9:31am
Hi Orest,

Is there anyway we could add a line showing if the market is Trending or Ranging in your indicator?

Please see T101's post#247 at:
http://www.forexfactory.com/showthre...=57375&page=17

Please see T101's post#453 at:
http://www.forexfactory.com/showthre...=57375&page=31

thanks for all your help with this, much appreciated...




Quoting Orest
Some of the interesting issues you are rising here, George.
Are really those Longspipsbuy, Longpipssell, Shortpipsbuy, Shortpipssell very useful at all? We are definitely interested in combined pips lines though.

So, I think we should have next lines on the indicator:
- combined of course: sell and buy (they are perfectly symmetrical, but it's okay)
- JPY group buy, sell (combined)
- USD group buy, sell (combined)
- Others group buy, sell (combined)

Orest
  • #493
  • Oct 20, 2008 9:57am Oct 20, 2008 9:57am
Basically,
if J's sell pips <0 and J's buy pips >0, then we have Strong Buy signal. Opposite is for Sell.

You make me thinking that I probably should show Buy/Sell for each group at the bottom where the total Buy/Sell signal is now.

Quoting LaTeCoMeR
Hi Orest
I was wondering if you can help me to understand with your new indicators
pls. My understanding is if

U= For group with USD
J= For group with JPY
O= For Others

Now look at the screenshot

J= -18 ...signal go long < means buy all pairs Against JPY (Sell JPY)

U= T 87 Signal go long = Buy USD

What is your analysis base on currency index???



Can You correct me for confirmation pls


Thanks
  • #494
  • Oct 20, 2008 10:04am Oct 20, 2008 10:04am
Mark,
what are talking about? There is no older/newer sets. One is for IBFX currently pre-set in the indicator and another one is non-IBFX. We all wait for Universal pairs, but I doubt it would be revealed to general public soon.

Quoting markbcool
orest,
You have two sets of pairs in the newer versions of your indicator.
One set seems to be the T101 original the other (which contains the NZDUSD) is newqer and will be the one that pops up if the code is left unedited.

What was the reason for the newer set. has anyone discovered any distinct advantage over the other?
You may note from my last post that my observation is they don't move exactly in tandem (the trend direction portion of the indicators that is).
Any thoughts?
thanks
MArk
  • #495
  • Oct 20, 2008 10:11am Oct 20, 2008 10:11am
Geeve,
just look at pips value at Total (T. There is a general impression that if
-80 < T: < 80 you'd better stay out of trade.


Quoting geeve
Hi Orest,

Is there anyway we could add a line showing if the market is Trending or Ranging in your indicator?

Please see T101's post#247 at:
http://www.forexfactory.com/showthre...=57375&page=17

Please see T101's post#453 at:
http://www.forexfactory.com/showthre...=57375&page=31

thanks for all your help with this, much appreciated...
  • #496
  • Oct 20, 2008 10:20am Oct 20, 2008 10:20am
Hello Orest Buddy,
If you ask me i would really love to have a universal pairing that will unify all of the platform. The new pairing that we are looing for seems i have reservation with it because of the spread of some pairs that are so high more than 10 pips. This if being trade will be a tremendous amount to be paid to the broker. I would suggest to everyone that we just used the IBFX pairs as the Universal pairs since these pairs are available in almost all the majot brokers that we are using. I know that some may disagree because they love trading the USDCAD and CADJPY that we dont have in those pairings, but we have to make a hard choice here to make this confusion go away. In fact in all of my new materials now, i am starting to generalized to the IBFX pairs, when some would follow suit that will be the new thrust then. Still i leave it to you and your trading style, but i think once this thrust will go that way then there might be no more development in that Original pairs. If there is some important arguments that i miss please PM me.
Thanks
Julius
  • #497
  • Oct 20, 2008 10:47am Oct 20, 2008 10:47am
Wow, Julius! We all really admire you coming here. Please do it at least occasionally. I frankly lost my hope with all those threads across multiple forums.

Since we have Universal pairs now, would be great if we have those for method #2 since IBFX pairs don't fit the schema.

Thanks agsin.

Quoting trader101
Hello Orest Buddy,
If you ask me i would really love to have a universal pairing that will unify all of the platform. The new pairing that we are looing for seems i have reservation with it because of the spread of some pairs that are so high more than 10 pips. This if being trade will be a tremendous amount to be paid to the broker. I would suggest to everyone that we just used the IBFX pairs as the Universal pairs since these pairs are available in almost all the majot brokers that we are using. I know that some may disagree because they love trading the USDCAD and CADJPY that we dont have in those pairings, but we have to make a hard choice here to make this confusion go away. In fact in all of my new materials now, i am starting to generalized to the IBFX pairs, when some would follow suit that will be the new thrust then. Still i leave it to you and your trading style, but i think once this thrust will go that way then there might be no more development in that Original pairs. If there is some important arguments that i miss please PM me.
Thanks
Julius
  • #498
  • Oct 20, 2008 10:59am Oct 20, 2008 10:59am
Quoting Orest
Wow, Julius! We all really admire you coming here. Please do it at least occasionally. I frankly lost my hope with all those threads across multiple forums.

Since we have Universal pairs now, would be great if we have those for method #2 since IBFX pairs don't fit the schema.

Thanks agsin.
Didnt catch the 2nd question, please elaborate...
  • #499
  • Oct 20, 2008 11:38am Oct 20, 2008 11:38am
thanks orest that clears it up
Mark\
Quoting Orest
Mark,
what are talking about? There is no older/newer sets. One is for IBFX currently pre-set in the indicator and another one is non-IBFX. We all wait for Universal pairs, but I doubt it would be revealed to general public soon.
  • #500
  • Oct 20, 2008 11:39am Oct 20, 2008 11:39am
Quoting trader101
Didnt catch the 2nd question, please elaborate...
I think Orest might be referring to trading pairs that repel one another, tandems. I forget which post/thread I pulled this image from.
Attached Image
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