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Indicators development for T101's not very simple method

  • #641
  • Oct 24, 2008 12:39pm Oct 24, 2008 12:39pm
many thanks zznbrm i sue too much your indicator. Thanks for sharing.

i have a request but please i don't like to press you, But if possible in a future version i like the possibility to have each pair in a collor.

but eben if you don't do that i am very grateful to you to share it.

best regards.
  • #642
  • Oct 24, 2008 1:32pm Oct 24, 2008 1:32pm
Quoting zznbrm
I have updated the T101_dashboard indicator with the following:
Thanks for Version 2, can you share your mq4 file please ? Or can you set the buy and sell pairs as user parameters ? I would like it to use Original pairs setup...
  • #643
  • Edited 4:36pm Oct 24, 2008 4:19pm | Edited 4:36pm
Hi Dears T101, Orest, zznbrm , RR, Smjones, Shiva,
thx for your efforts and shares,

what are the last setups you using now?
regards.
  • #644
  • Edited 7:12pm Oct 24, 2008 4:22pm | Edited 7:12pm
Quoting giraia_br
Scottm to use with groups pairs, can i for example only delete the other pairs letting only the group i want? For example, for jpy only the 6 pairs stay in the same place and delete all other pairs. This is the correct way?

and this pic is correct? See the bar with a arrow, it looks like a bearish PB but has a green dot. As i don't know much about climax bars i don't know if this is correct.

thanks in advance.
Yes mix and match the pairs any way you like in the inputs. Leave blanks inbetween or put them all together. I does not matter. If you enter a currency that is 6 or more characters and does not exist, there will be no chart drawn. If you use less that six characters, the entry will be ignored.

So you can just delete the currencies you do not want and your chart will be accurate for the ones you leave in the inputs.

The only real requirement is that you must have the color number 1 in the color menu as the same color as your chart or you get a wierd display of the low candle. I have it set up as color 0 (candle High) = White, Color 1 (caandle low) = Black, Color2 (bid price ) = White, Color 3 (upper dot) = Red , Color 4 (Lower dot) = Green. All on a black background chart
  • #645
  • Oct 24, 2008 9:42pm Oct 24, 2008 9:42pm
Ok, thanks, I'll try to figure that one out too.

Matt


Quoting Orest
netwrkgod,

thank you for your kind words - we are here for you. You know why we (I) are doing this? Because we (I) have learned a lot here from somebody else. I feel obliged if you will. I hope when you have something valuable to share you'll remember about us.

Hint: seriously, take a look at smjones BasketBars indicator. Along with those you mentioned it gives you exact point when to enter (if you have basic knowledge of trend and support/resistance). This is amazing thing.

Orest
  • #646
  • Oct 24, 2008 11:47pm Oct 24, 2008 11:47pm
last week screen capture every 5 minutes (28MB).
http://www.tickjob.com/T101/T101-20-Oct.pdf
what can you see?

Quoting slade
I am not a programmer or a deep technical thinker and to some extent, I feel lost by all the indicators as well. But I feel like I have a very good understanding of how and why the basket works, mainly because I have spent a lot of time breaking down the components of the basket, watching the IA, and, lately, watching Orests indi v.1.14. If you dont understand the system (maybe because you have not read ALL of T101's original thread), the triggers and indicators may not help you much, and in the end, you may abandon the system and go back to the FF trading systems thread to find a system that works for you.

Since I cannot contribute anything in the way of indies, EA, or codes, I want to share something that has really helped me, especially since my time is limited due to personal and work commitments. I think this should be useful to both new and experienced T101 system traders.

Get a screen capture (video) program and install it on a computer that you can dedicate to the system for several hours or days at a time (the longer the better). I don't want to mention any product names, but there are several good ones that are commercially available for a reasonable price. If you want you can PM me and I will tell you what I use. Set it up on video mode and have it take a snapshot picture every minute (or whatever interval you want) and set the playback rate to play each snapshot every second....and by doing so, you are thus going 60x faster than real time. You can use this to study the IA, Orests Indi, the Basket Bars, or whatever other indi \"talks\" to YOU and makes sense to YOU and put up a chart or 2 that you can follow (I like the EURJPY...or you can use GBPJPY, which SMJones has suggested, because it is the biggest mover of all).

Spend some time watching the pairs or the indies move and compare it to what the chart is doing. Follow slot jumpers and watch anchors being dislodged at high speed. Put the system on pause and make note of the prices and then compare them an hour later. Turn it on and record your basket trades and then watch them at high speed when the market slows down. After a while, you will see how and why this system works and you will be able to see the \"footprints\" of each basket trade, which are remarkably similar each time. After a while, you will start to see the usual BUY suspects (GBPJPY, EURJPY, GBPUSD, AUDJPY are my favorites, lately) moving up and down the slots and how the other pairs run for cover when they come into town, especially when they camp out together near an anchor. At the same time, you may see the usual SELL suspects AUD/USD, GBP/CHF, NZD/JPY camped out at the opposite anchor, which signals a big move. Its like trying to watch a flower bloom in real time. It makes alot more sense when you see it happening at high speed.

In addition to helping me see the big picture of how the basket system works, this method has really helped me to keep track of what happens when I am not able to be at my screen (esp. at night when I am sleeping and the markets are very active...I live in EST). You can also pause the screen capture program if, say, you need to use your computer for something else, such as to check email, etc.

Hope this helps.

Slade
  • #647
  • Edited 2:54pm Oct 25, 2008 7:44am | Edited 2:54pm
thanks for the file Tick. Only a idea: the first indicator smjones made (t101 basket balance) maybe is better to use in the same screen, because you can see if price gone down or up after a pattern. This indicator you are using it is not so learly..

best regards.

EDIT: another idea can help to backtest is use the attached indicator (a clock). With this you can use anohter chart to backtest. You need to allow DLL imports.
Attached File(s)
File Type: mq4 Clock v1_2.mq4   8 KB | 823 downloads
  • #648
  • Oct 25, 2008 11:02am Oct 25, 2008 11:02am
I see when both 1h and 4h indicates that trend is changing it's pretty valid signal. What do you see?

Quoting TickJob
last week screen capture every 5 minutes (28MB).
http://www.tickjob.com/T101/T101-20-Oct.pdf
what can you see?
  • #649
  • Oct 25, 2008 12:05pm Oct 25, 2008 12:05pm
Signing up.

Lenoxer
  • #650
  • Oct 25, 2008 12:26pm Oct 25, 2008 12:26pm
From now on I think I will be very careful with moving basket indicators. Think about it. The graph of whole basket moving is not very different from chart of just any big moving JPY pair like GPB, EUR or AUD. It's completely understandable 'cause those pairs are pips vehicles which draw the entire basket up or down. Well, next question is why is it different then just trading any of those JPY pairs alone not bothering about the basket at all? I think while falling in love with moving basket indicators we forget what's all of this about. It was about anchors dislodging wasn't it?
  • #651
  • Oct 25, 2008 4:37pm Oct 25, 2008 4:37pm
Quote
From now on I think I will be very careful with moving basket indicators. Think about it. The graph of whole basket moving is not very different from chart of just any big moving JPY pair like GPB, EUR or AUD. It's completely understandable 'cause those pairs are pips vehicles which draw the entire basket up or down. Well, next question is why is it different then just trading any of those JPY pairs alone not bothering about the basket at all? I think while falling in love with moving basket indicators we forget what's all of this about. It was about anchors dislodging wasn't it?

It's about many things combined together that all move differently and seperately in new ways. The basket is one tool in a toolbox full of tools, and a good tool. The basket just helps you to decide which will be the best horse for the race. Rgds.

-------------------------------------------------------------------------
You CAN put screws in using a hammer, but its easier with a screwdriver.
  • #652
  • Oct 25, 2008 4:57pm Oct 25, 2008 4:57pm
Quoting TickJob
last week screen capture every 5 minutes (28MB).
http://www.tickjob.com/T101/T101-20-Oct.pdf
what can you see?
Tickjob,

Thats the idea, but I what I am doing is capturing the screenshots to video so that it plays seemlessly, just as you are looking at the markets - but sped up 60x....and you can play it like a movie without having to click forward, unless of course you want to stop, FF, or rewind. I also like to put a small chart of the EURJPY up so that you can see how the price is moving (or better yet the basket bars indi), since this is how most of us are used to trading...by looking at charts.

Of course, some may not have any use for this type of tool, especially if you already see the big picture of the system and how it works. But as I see it, its like testing a trading system on daily bars...and waiting several months to see the market unfold, versus using hourly bars and seeing it unfold over the course of a few days.

Slade
  • #653
  • Oct 25, 2008 5:19pm Oct 25, 2008 5:19pm
Quoting smjones
Hint

You guys should look closely at what the OnChart version can do with any jpy pair, say on a 15 minute time frame. Just watch it like on Gbpjpy. This one is... well, you'll see. Great for pair jumping, when you identify a pair that is jumping and then look at the pair close up with this OnChart version.
Could anybody kindly tell me what Scott means by :

"Great for pair jumping, when you identify a pair that is jumping and then look at the pair close up with this OnChart version"

Sorry if it's outdated but I got to it earlier today

Thanks
Mike
Failure, is a wonderful teacher!
  • #654
  • Edited 8:37pm Oct 25, 2008 8:13pm | Edited 8:37pm
Try this indicator:
Attached Image
Attached File(s)
File Type: ex4 smT101_BasketBars_MAvg v2.ex4   9 KB | 981 downloads
  • #655
  • Oct 25, 2008 9:08pm Oct 25, 2008 9:08pm
With the basketbars indic. with have different ways to visualise the basket movement. One, I know has merit is the use of S/R for breakouts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Basketbars.JPG Size: 118 KB
Click to Enlarge Name: b3.JPG Size: 140 KB
Click to Enlarge Name: b2.JPG Size: 143 KB
  • #656
  • Oct 26, 2008 12:17am Oct 26, 2008 12:17am
Quoting Orest
From now on I think I will be very careful with moving basket indicators. Think about it. The graph of whole basket moving is not very different from chart of just any big moving JPY pair like GPB, EUR or AUD. It's completely understandable 'cause those pairs are pips vehicles which draw the entire basket up or down. Well, next question is why is it different then just trading any of those JPY pairs alone not bothering about the basket at all? I think while falling in love with moving basket indicators we forget what's all of this about. It was about anchors dislodging wasn't it?
Orest, the key is in the composition of the Buy and Sell groups. Why it is different trading a single pair vs. the whole Buy or Sell group or the entire GROUP of pairs? It is the profit potential! Market forces are what drive individual pairs, and the entire GROUP of pairs upward or downward.

My research into those market forces suggests that the currency pairs which comprise my BUYJPY pairs group tend to trend together...and the pairs which make up my SELLJPY pairs group also tend to trend together, but in the opposite direction. Read my WAVES thread, and ask if you still don't understand.

Lucid regards,

George
  • #657
  • Oct 26, 2008 11:08am Oct 26, 2008 11:08am
SwingMan

Thank you for great indicator
Greeting
Sylvia
  • #658
  • Oct 26, 2008 12:48pm Oct 26, 2008 12:48pm
Thanks for your reply.
But how do i change from GBPUSD to GBPUSDm in this Orest Indicator?

Quoting hndymann
You need a m after each pair ex. \"GBPUSDm\"
  • #659
  • Oct 26, 2008 3:29pm Oct 26, 2008 3:29pm
Quoting SwingMan
Try this indicator:
Nice to see you here. Are u trading this or any of the indicators here? If so how are you doing? I can't seem to get 2 indicators together for a confident trade, win some lose some no consistence, but thats why were testing.
  • #660
  • Edited 7:29pm Oct 26, 2008 7:07pm | Edited 7:29pm
I think that one possibility to take advantage from the basket trend, is to take synergetic signals...

I programmed an (imperfect) dash board. If you check few pairs on few time frames, you can see that we have advantage to take trades in the same direction with the main basket trend.

The used indicators for signals in the dash board are verry simple:
- first arrow for fast Mavg above/below slow Mavg.
- second arrow for close position above/below the two averages. For close between averages, we have a horizontal arrow.

The signals are calculated for the penultimate bar.
.
Attached Image (click to enlarge)
Click to Enlarge Name: t101.gif Size: 17 KB
Attached File(s)
File Type: ex4 smT101_BasketBars_MAvg v3.ex4   10 KB | 1,205 downloads
File Type: ex4 smT101_DashBoard v1.ex4   18 KB | 1,388 downloads
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