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WAVES Heatmap system and EA

  • #61
  • Oct 31, 2008 11:27am Oct 31, 2008 11:27am
Quoting hndymann
The only other I use is basketbars which you have... by smjones. You have the same thing on your chart i just placed them on the same window.
its found here http://www.forexfactory.com/showpost...&postcount=620
  • #62
  • Oct 31, 2008 8:35pm Oct 31, 2008 8:35pm
Quoting sepak.orang
hm.. im not sure what went wrong with BasketBars v1.5.

nothing is showing in the window.

currently loading it in ibfx platform. do i need to set something?

wait.. this is an indicator rite? it shd be in here rite? C:\Program Files\Interbank FX Trader 4\experts\indicators ?

thx
Selamat pagi,

Yes, you are installing it in the proper place. I've seen others with the same issues, but don't know what is causing the problem. Try removing it, download it again, and reinstall it. That's all I can offer.

Kind regards,

George
  • #63
  • Oct 31, 2008 8:44pm Oct 31, 2008 8:44pm
Quoting hndymann
The only other I use is basketbars which you have... by smjones. You have the same thing on your chart i just placed them on the same window.
Hi hndymann,

There are two indicators in the image you posted. BB is one, and another one is drawing swing highs and lows, and a red trendline on the BasketBar graph. I need a link to that second indicator. If you look at the top, it says: Basket_Indicator.

Thanks,

George
  • #64
  • Oct 31, 2008 9:24pm Oct 31, 2008 9:24pm
Quoting Skysurfer
George, these setup screen shots you've been posting are incredibly helpful. Do you have any comments on good money management during times when the setup looked good but things went sour? I'm trying to get a feel for how much of a leash I should be giving some of these trades.

I realize people's tolerance for drawdowns will vary by individual, but I've come to realize it's the money management aspect of trading where I lack the most discipline or possibly intuition. Any thoughts on building a strong foundation in that regard when it comes to this strategy would be appreciated.

Thank You,

-Dan
You're welcome, Dan...I'm glad the images are helping to understand. Use your mental discrimination and intuition when you're trying to fathom what drawdowns are acceptable for you. For example, let's suppose your acceptable loss per GROUP trade is 1% of account balance. Now, formulate a PLAN before you ever sit down to trade; write it down if you need to, and place it where you can see it. Next, use whatever software tools that will limit your loss per trade to 1%. We will include these automatic features with a user selectable loss limit, and an AccountProtect drawdown limit for the whole GROUP in WAVES HEATMAP EA.

When I trade the GROUP, immediately after the script opens the 14 trades, I double click on the profit header on the right side so that the losers are at bottom next to my total P or L for the whole GROUP. My personal arbitrary limit is 10 pips; if the currency pair goes into a 10 pip loss, I right click on that currency pair, and CLOSE it out. If another pair goes into a 10 pip loss, I repeat the process. Cut your losers short, and let your winners run.

Hope this helps,

George
  • #65
  • Nov 1, 2008 9:54am Nov 1, 2008 9:54am
Quoting comdoc
Hi hndymann,

There are two indicators in the image you posted. BB is one, and another one is drawing swing highs and lows, and a red trendline on the BasketBar graph. I need a link to that second indicator. If you look at the top, it says: Basket_Indicator.

Thanks,

George
Yes, Basket Indicator by T101, Basket Bars by smjones and I drew my own trend lines and fib lines on the chart. Swing High and Swing Low are the fib lines, I just renamed the lines.
  • #66
  • Nov 1, 2008 10:40am Nov 1, 2008 10:40am
Quoting hndymann
Yes, Basket Indicator by T101, Basket Bars by smjones and I drew my own trend lines and fib lines on the chart. Swing High and Swing Low are the fib lines, I just renamed the lines.
Hi hndymann,

OIC. That Basket Indicator causes my Broco MT4 platform to crash. I liked seeing S & R lines (fib lines) and trendline on the BB graph. Have these helped in your trading? If so, could you share how.

Best regards,

George
  • #67
  • Nov 1, 2008 11:44am Nov 1, 2008 11:44am
Quoting comdoc
My personal arbitrary limit is 10 pips; if the currency pair goes into a 10 pip loss, I right click on that currency pair, and CLOSE it out. If another pair goes into a 10 pip loss, I repeat the process. Cut your losers short, and let your winners run.
Thanks George, yes that does help. Thank you.
  • #68
  • Nov 1, 2008 9:00pm Nov 1, 2008 9:00pm
Quoting comdoc
Hi hndymann,

OIC. That Basket Indicator causes my Broco MT4 platform to crash. I liked seeing S & R lines (fib lines) and trendline on the BB graph. Have these helped in your trading? If so, could you share how.

Best regards,

George
I have only been testing the fibs for 2 or 3 days now. I pull the fib from the previous low and high and watch how it moves around the 61.8, 50 and 38.2. So far I have seen the price come back to at least the 50 before going back in the other direction. I'll have to watch it for a few weeks and let you know how it goes.
  • #69
  • Nov 2, 2008 12:51am Nov 2, 2008 12:51am
Quoting hndymann
I have only been testing the fibs for 2 or 3 days now. I pull the fib from the previous low and high and watch how it moves around the 61.8, 50 and 38.2. So far I have seen the price come back to at least the 50 before going back in the other direction. I'll have to watch it for a few weeks and let you know how it goes.
Thanks, Luke.

Prosperous trading,

George
  • #70
  • Nov 2, 2008 10:41am Nov 2, 2008 10:41am
Hello George,

Take a look at this indicator. You might be able to utilize this in what you are trying to do. First one is the translated site in English.

http://translate.google.com/translat...&sl=auto&tl=en

http://codebase.mql4.com/ru/4664

Regards,
Jeff

Quoting comdoc
Thanks, Luke.

Prosperous trading,

George
  • #71
  • Nov 2, 2008 9:00pm Nov 2, 2008 9:00pm
Quoting azjeff
Hello George,

Take a look at this indicator. You might be able to utilize this in what you are trying to do. First one is the translated site in English.

http://translate.google.com/translat...&sl=auto&tl=en

http://codebase.mql4.com/ru/4664

Regards,
Jeff
Thanks, Jeff. That one doesn't do what is required.

Regards,

George
  • #72
  • Nov 2, 2008 10:30pm Nov 2, 2008 10:30pm
I added the indicator from the link to my experts/indicators folder, but it wouldn't attach to a chart - has anyone here been able to successfully add it?

Quoting azjeff
Hello George,

Take a look at this indicator. You might be able to utilize this in what you are trying to do. First one is the translated site in English.

http://translate.google.com/translat...&sl=auto&tl=en

http://codebase.mql4.com/ru/4664

Regards,
Jeff
  • #73
  • Nov 3, 2008 6:50am Nov 3, 2008 6:50am
Quoting eagle4x
I added the indicator from the link to my experts/indicators folder, but it wouldn't attach to a chart - has anyone here been able to successfully add it?
I have had same sort of problem with several other indicators. This problem mainly occurs in Windows Vista machines.

What you do is re-copy the indicator again and overwrite the same one once more and restart MT4 again... You may have to follow this procedure several times.

If that still doesn't help..... get rid of unused indicators in your indicators map... Put the ones you currently don't use in a different map f.i. "indicators unused". Next copy the one you want to try again into indicators map and restart MT4 again.

Hope this helps .... it did with me,

Cheers, John
  • #74
  • Nov 3, 2008 6:53am Nov 3, 2008 6:53am
Quoting comdoc
Welcome, John. No, I don't. May I ask why you want them? What do you have in mind?

Thanks,

George
Simply buy baskets based on Euro ad GBP and pick low spread pairs, John
  • #75
  • Nov 3, 2008 10:20am Nov 3, 2008 10:20am
Quoting comdoc
You're welcome, Dan...I'm glad the images are helping to understand. Use your mental discrimination and intuition when you're trying to fathom what drawdowns are acceptable for you. For example, let's suppose your acceptable loss per GROUP trade is 1% of account balance. Now, formulate a PLAN before you ever sit down to trade; write it down if you need to, and place it where you can see it. Next, use whatever software tools that will limit your loss per trade to 1%. We will include these automatic features with a user selectable loss limit, and an AccountProtect drawdown limit for the whole GROUP in WAVES HEATMAP EA.

When I trade the GROUP, immediately after the script opens the 14 trades,...
I use these "EA's" on every system I test. I usually start with account loss and equity amount ea's and when in profit of +110 I close those 2 and open T101's 2protect(2) which will guarteen me +50 and usually much more.
Attached File(s)
File Type: ex4 2ProtectAccount[2].ex4   4 KB | 562 downloads
File Type: mq4 Close all open and pending orders.mq4   1 KB | 603 downloads
File Type: mq4 CloseTrades_After_Account_Loss_TooMuch.mq4   3 KB | 549 downloads
File Type: mq4 CloseAtEquityAmount v1.0.mq4   3 KB | 620 downloads
  • #76
  • Nov 3, 2008 10:48pm Nov 3, 2008 10:48pm
Quoting slade
Hi George,

Is the basket bars indi a major component of your system?

I was using it earlier today and noticed that it may repaint? Do you have that problem as well?

Slade
Good call, Slade. Yes, after more testing, we can confirm that it does repaint. Anybody have a coding solution to prevent that?

Clear regards,

George
  • #77
  • Nov 5, 2008 3:35am Nov 5, 2008 3:35am
Hi all,

Just a brief update. I've been quite busy modifying indicators, and Robert Hill has been graciously helping with new WAVES indicators and the WAVES HEATMAP EA coding. Updated scripts attached.

In gratitude and appreciation,

George Soros
Attached File(s)
File Type: mq4 BUYJPYpairs12.mq4   4 KB | 709 downloads
File Type: mq4 SELLJPYpairs_12.mq4   4 KB | 686 downloads
  • #78
  • Nov 5, 2008 5:59am Nov 5, 2008 5:59am
What about looking at Dow,gold, dollar index futures,s&p and others
xxx.brocompany. has everything all futures for mt4



Quoting eagle4x
Comdoc:
Just saw this post (#704) by Slade in another thread:

http://www.forexfactory.com/showthre...112522&page=47

Since S&P and usdjpy is correlated, what do you think about using it as a proxy to determine buy/sellALL JPY pairs?

FXPro has S&P charts.
  • #79
  • Nov 5, 2008 6:01am Nov 5, 2008 6:01am
do all the versions of basket bars repaint ?



Quoting comdoc
Good call, Slade. Yes, after more testing, we can confirm that it does repaint. Anybody have a coding solution to prevent that?

Clear regards,

George
  • #80
  • Nov 5, 2008 9:21am Nov 5, 2008 9:21am
Quoting toddanderson
What about looking at Dow,gold, dollar index futures,s&p and others
xxx.brocompany. has everything all futures for mt4
Hi Todd...I'm not clear about your question; do you mean what about trading these in addition to forex spot? Have you experienced any reliable correlations between any of these and any forex currency pairs? If so, please share them. Which others?

Regards,

George
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