Setting up the Basics for Trader101 style trading.

Sorry I have been away from the pc for a while ... catching up on the other threads ...

Franco ... those sheets look great ... fascinating ideas. I have not had time to completely study them yet ... but I will. ( see next post )

Luke and Others ... thanks for the comments ... appreciate it ... again I would love to work on something with you in the future ... but see next post.

sam!11 ... thanks .. glad you could use it in anyway that fits ... as you can see ... Francos DSN can be modified to ouput any timeframe with as many bars lookback as you require ... so you could theoretically have multiple timeframes being imported evey minute or so ... a powerful excel feature .. I have looked around for an ea that will run the output scripts at whatever time interval you require ie 30 sec or 10 mins ... and have been quoted a very reasonable offer to produce it .... apparently it is not a difficult thing to do ( I am no MTQL programmer ).... if thats the way you want to go. ( again see next post ).... If I get round to having it done I'll post it here.

happy always20 ... to run the dsn for ibfx platform ( must be a standard ibfx account not mini ) you just need to take out CADJPY from the string in the code that provides the list of currency pairs to export ... as ibfx does not provide this pair the script therefore gives errors ... it does say in the original posts that the scripts are for FxPro platform ... but thats fine if you want to run it for Ibfx ... the upper portion of the ViewingSheet3 for FxPro pairs will give errors (for the same reason ) but you can just decrease the row size to nothing for those rows (if thats the way you want to go ... again see next post ) ... hope this helps.

I originally set up this thread for 2 reasons ... firstly to help those that were asking for it by showing them how to setup the spreadsheet or any other to import the info in the exported sheets ... I modified it to show both the FxPro and IBFx pairs because at that time Trader101 was often giving examples of trades he had taken using his method, showing sometimes FxPro examples and sometimes IBFx ... so I thought it might be useful to see both on one sheet.

This thread was never meant to offer yet another system for monitoring the Trader101 setup... there are two great ones out there already for that.

Now the decision has been made to use the IBFx pairs as the 'Universal Pairs' then in my opinion this sheet is obsolete and has no real purpose... maybe we will go back to using the FXPro pairs ... but because of the difficulty in producing duplicate Indys for this platform ( the d_point division difference) then this problem may reoccur ... however some of the great programmers in the other threads are seeming to ( at time of writing ) coming up with ways to overcome this problem .... but even with that said ... the production of indicators ... both as monitoring and signaling is best produced in the MT environment in my opinion.

Currently I am using Orest's v 1.14 ... zznbrm's dashboard ... Crodzilla's IA monitor .. and a bunch of the indys on offer at those threads ... also Julius's ProfitChart and Basket_Indicator indy's are proving to be great entry indicators.

I will leave this thread open and will attempt to answer any problems you may have with the spreadsheet or setting it .... but as I have said in my opinion it is obsolete... you would be far better getting an IBFx demo account and using the other threads for information on using them.

On a side note .... Ian ... ianf0ster .... was kind enough to provide me with a version of Orest's ver 1.2 that had been modified to work on the FXPro Platform only ( taking into account the d_point division difference ) ... it will only work on the FxPro platform and cannot have its currency pairs changed.
If anyone would like a copy of this then please PM me with your email address and I will send it to you.

Hope this helps any of the newcomers to Julius's thread.

even not using this tool i like to thanks Cdavid. He even came in private to offer help to me. At a first glance i can see that he puts a lots of work here.

many thanks Cdavid.

To me the excel is still the quickest and the most updated feed from the broker. With all the fancy whistle of MT4 excel is still be preference. In fact SMJ and myself (mostly smj) are always making excel as our base calculation before attempting to work it in MT4. Right now SMJ is incorporating the Tom Yomens bid ratio design and it is all done in excel. A very powerful tool again taht perhaps after the completion will also be shared. Excel Rules. Thanks Carl for helping the others in need.
Julius

Hello All.

I have been away from the PC for a week so have missed all of the goings on. However I do feel the need to say one or two things.

Firstly my deepest respect and thanks to Julius, Orest, smj and everyone else who have contributed, intellectually or technically, to the development of T101’s ideas and way of perceiving the market and its movement. I truly believe that many profitable strategies are going to be produced as a result of Julius’s sharing.

I also believe Julius has expressed several times that he hopes all of us, any of us, can take his ideas and learn HOW TO MAKE MONEY with them… that is after all what 99% of us hope to achieve by coming to sites such as Forex Factory. ANYTHING that helps me to achieve this with consistency is greatly appreciated IMHO.

I am sure I am going to get flamed here, but it is a shame that a collection of GREAT contributors should have their work surrounded by such unnecessary comments and uncalled for reactions …. WHY ???.

Moving on …. Firstly I want to say to smj that I have the deepest respect for your contributions, both the code that you supply freely and your insightful comments. I personally read virtually everything that you post and learn something from them in this and many other threads, as I do with many other contributors. Tremendous work… Thank you. Your decision to post your indicators in an open code fashion is truly commendable, as it is for the great many other developers who choose to post this way, so that other coders and newbies alike can learn from your work and style of coding. My deepest respect to you and Orest for choosing this way of posting and sharing. The world is a better place because of people like you.

Having said this … and this is the bit that I am sure I am going to get flamed for… I also respect the right of developers who for any of many valid reasons choose to protect or lock their code. They also have the right to post in this way … IMHO…. But .... and I hesitate to say this …. I don’t think it is a fair enough reason to ban them….

There …. I said it… I am sorry if I have offended anyone at all… that is not my intention.

I am currently using a selection of indicators, both open and locked (none produced by myself) in an attempt to produce a T101 style strategy that can consistently produce results and is in keeping with my own personal style of trading and exposure. If I achieve such a thing I will gladly post my ideas here … though again … because of the reactions of some I may hesitate with any such postings because of the flamings others have received for any “off topic” or “incorrect” way of using Julius’s ideas ….. Surely it is about achieving results …. Isn’t it ??.

Again… thank you Julius, thank you smj, and thank you Orest.

May we all have a good week and achieve results in the endeavors we choose to pursue.

I have approached PriNova. He has made his indicators available to me and has expressed no commercial intent. PM me if you wish to receive a copy.

Twee - if this is against policy of ForexFactory then of course I will retract this offer to share PriNovas free indicators.... but I hope not.

Hi Cdavid..

I have been working on Trader101 stratgies for quite some time now...till good now...i m updating my excel manually...trust this strategy is good if understood properly...

I want to auto mate my excel ...having some issues...can u please give me ur email id to contact you...

Thanks

Manish

Hi Manish,

Firstly thanks to cDavid for giving us this good tool.

Manish, can you please let me know which broker are you using? I wanted this valuable excel to work with IBFX platform. As I have read in this forum, it can be used with IBFX by just removing the "CADJPY" pair since IBFX does not has it, will it work?

Can you please help me with this I am idot at programming and will be unable to edit the file.

Thanks in Advance
Mukesh

Hi David and friends,
I want to analyse ALL WEEKS since 10 years! Has anybody tried this?

I search for the data of Fx.Pro 1999-2009 (weekly open all 14 pairs and HOURLY CLOSE).
I tried with history-center...in different methods and downloading, but the data is not correct. Some hours are missing (e.g. EURJPY 1999 09 06 missing: 20.00, 21:00 or EURJPY 1999.11.09 misisng: 4:00, 5:00.....and many others)....!

Is there an other possibility?

Thanks
Chris

A suggestion, Chris.....

Personally, I was never able to get any of the EA's, Scripts, Indicators, etc. to work for me. I'm not a big fan of computers and have zero patience. I'd prefer to take a "protocal" & stick it up someone's you know what.

That said, I've experimented with T101 for quite a while, on & off . I still use his IA as a market strenth/direction/expand/contract indicator. I had some success with Julius's method, but I was never able to get "profit protect" to work, so I tended to give back a lot of huge gains, which happened often. Had I learned how to use that important EA, things may have turned oiut differently.

Try this...

In MT-4, use the History Center & Export historical data to your Excel.
Now...there's a tool which I used, & found to be very helpful in back testing. Forward test analysis.

On here, FF, somewhere...enter CindyXXXX in the site search. 3 or 4 entries down will be "trader101 Tool or Tester". Something like that.
Pull that up. There's a tutorial on how to set it up. It's set up for hourly, but you can adjust any timeframe that you wish. Just use different data set.

There's some manual entry, but the tutorial walks you right through. Even I got it without any problem. You might find it helpful to understand just what T101's IA will do for you. The graphic presentation is very helpful to show how the pairs move around & the relationships that exist, and change with the market, of the individual pairs respective to the whole basket, respective to the market as a whole. Cindy XXXX did a great job with this. Took a complex presentation & really simplified it without diminishing effectiveness,

Then, take the time to learn how to use Julius's Excell template. I found to be the best for real time monitoring. Too many bells & whistles evolved from the thread over the months. Made my hair hurt.
Not to diminish the work & talent that went indo development of said bells & whistles. I prefer to trade myself & not have my trading be on auto-pilot.

I you've any questions, feel free to e-mail me or PM.
I have a soft spot for anyone considering tackling this method. Very ambitious endeavor, but well worth the effort. It will show you a whole different way of looking at the Forex market. Julius was kind enough to share his unique method AND to hold the hands of those trying to learn it.
I gained so very much from my studies in the method & am willing to assist others who are serious about learning.

Peter O.