Indicators development for T101's not very simple method | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Simple System By T101 - My Thought 18 replies

Continuation of T101 method discussions 24 replies

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

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

Indicators development for T101's not very simple method

  • #781
  • Nov 8, 2008 7:52am Nov 8, 2008 7:52am
Quoting SpamHam
Yes. Don't use FF's indicator just itself, use Orest and graphs (1 hr and 30 min candles) as well, and see whether or not the sells or buys are taking over- always go with the trend.
I've my orest settings on 'this week', 'this day', '4 hr', '1 hr' , '30mins', '15 mins', '5 mins' and '1 min' (i've 3 screens so I have 2 orest indis open)
and I look for atleast 1 min, 5 min, 15 min, 30 min concurring with the FF's indi. (where if I am selling, Id see more sells on top than buys)

Try and not trade in small ranges, I've been unsuccessful with them but I gained thousands of pips thanks to FF-
Thanks Forex Flash! love your indicator-

--o and also, going against the Daily trend isn't recommended...
Hi,
this week', 'this day', '4 hr', '1 hr' , '30mins', '15 mins', '5 mins' and '1 min' .
Please how did you do the setting.My own Orest is always showing 30days, 21days, 1 week & 4hrs.I do like to see 1hr 30min 15min 5min and 1min time frame.Please help.
  • #782
  • Nov 8, 2008 8:06am Nov 8, 2008 8:06am
You cannot perform any further adjustments on T101Orest once attached. So you have to delete the program and re-attached but just before you click OK button, go to the Inputs section and edit according to your preferences. In your case, scroll to the columns and adjust accordingly before you click OK. Remember any necessary further adjustments later means you have to delete then reattach, adjust and click OK again.
Hope this helps

Quoting aje6767
Hi,
this week', 'this day', '4 hr', '1 hr' , '30mins', '15 mins', '5 mins' and '1 min' .
Please how did you do the setting.My own Orest is always showing 30days, 21days, 1 week & 4hrs.I do like to see 1hr 30min 15min 5min and 1min time frame.Please help.
  • #783
  • Nov 8, 2008 10:44am Nov 8, 2008 10:44am
Quoting deefx
You cannot perform any further adjustments on T101Orest once attached. So you have to delete the program and re-attached but just before you click OK button, go to the Inputs section and edit according to your preferences. In your case, scroll to the columns and adjust accordingly before you click OK. Remember any necessary further adjustments later means you have to delete then reattach, adjust and click OK again.
Hope this helps
Thanks deefx for the timely response.I will do that right away.
  • #784
  • Nov 8, 2008 11:08am Nov 8, 2008 11:08am
Mike, this is a response to your PM:

I use the BuySellBasket as a confirmation. Remember, I use the Orest indicator as the primary, so no matter what the BSB is doing, if the Orest indicator isn't indicating a trade, then I don't do anything.

In the BSB, if either all 3 red lines (SELL) or all 3 blue lines (BUY) cross above the 150 line I drew on the chart, then that is a confirmation for me to make a trade - as long as Orest indicates a trade. I drew a yellow circle around one of the confirmations on the attached picture.

Thanks,


Matt





Quoting mike1349
Here is my 2 trades for today and both had a big draw down.
in pic 1 before NY opening everything was aligned for long.Even E/J touched the TL and was going up.

I went long and see the result after few minutes in pic2.

The I saw everything is ok for short and I enter short but again big draw down after few minutes.

Look at the E/j on the right side.

Anybody knows what was my mistake?

Thanks
mike
Attached Image (click to enlarge)
Click to Enlarge Name: BuySellBasket.PNG Size: 32 KB
Attached Image
  • #785
  • Nov 8, 2008 4:27pm Nov 8, 2008 4:27pm
Thanks Matt.Please keep it up!!

Mike
Failure, is a wonderful teacher!
  • #786
  • Nov 9, 2008 4:06am Nov 9, 2008 4:06am
Quoting aje6767
Thanks deefx for the timely response.I will do that right away.
looks like deefx answered ur question- I didn't know that was a possibilty! lol, I just edited it manually, which is simple enough as well-
  • #787
  • Edited 3:37pm Nov 9, 2008 12:55pm | Edited 3:37pm
Hello everyone,

This trade manager at this link works perfect for me.
http://www.forexfactory.com/showthread.php?t=89371

Regards,
Jeff

[quote=RedPadisha;2336504]Hello all esteemed programmers,
  • #788
  • Nov 10, 2008 6:12am Nov 10, 2008 6:12am
Quoting netwrkgod
Mike, this is a response to your PM:

I use the BuySellBasket as a confirmation. Remember, I use the Orest indicator as the primary, so no matter what the BSB is doing, if the Orest indicator isn't indicating a trade, then I don't do anything.

In the BSB, if either all 3 red lines (SELL) or all 3 blue lines (BUY) cross above the 150 line I drew on the chart, then that is a confirmation for me to make a trade - as long as Orest indicates a trade. I drew a yellow circle around one of the confirmations on the attached picture.

Thanks,


Matt
Hi Matt,
May I ask you in which TF do you use BSB?
I notice it's different in each TF.

Thanks
Mike
Failure, is a wonderful teacher!
  • #789
  • Nov 10, 2008 6:15am Nov 10, 2008 6:15am
hi everybody,for those using basketheatmap indicator,anybody having problem below?my arrows are overlay each other
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Nov. 10 20.05.jpg Size: 224 KB
  • #790
  • Nov 10, 2008 7:08am Nov 10, 2008 7:08am
Mine is fine!
Failure, is a wonderful teacher!
  • #791
  • Nov 10, 2008 9:38am Nov 10, 2008 9:38am
Quoting Pipo
Sorry pgd, LOL

Re Orest v1.14
there is a word doc files in post#1 it may answer your Q also read #368.
basketbars indic V1.3 .
it was first posted #511 and there were enhancement along the way post # 522.567,570,573
the latest current version 1.5 you can download in post #620.
Pipo,

1.
Thanks a lot for putting together all those relevant posts together for me. I had seen orest's .doc file b4 and referred to it again but I still didn't find what the white numbers to the left of the up/down arrows represent in the orest indicator. pl explain...

2.
Re. BasketBuySell indicator
how long back is the hypothetical basket represented by this indicator opened? Is it connected to the timeframe of the chart in some way? I tried figuring out from the code but couldn't. pl explain.

thanks again.
cheers.
  • #792
  • Nov 10, 2008 9:51am Nov 10, 2008 9:51am
Quoting amenlo9
hi everybody,for those using basketheatmap indicator,anybody having problem below?my arrows are overlay each other
hello amenlo. your are probably attaching a template that has the basketheatmap indy. Try to attach the indy on the chart fresh.
If my assumption is wrong, sorry mate.
Happy pippin everyone.
gFX
  • #793
  • Nov 10, 2008 6:20pm Nov 10, 2008 6:20pm
I posted a picture of the config in the same post.

TF=15
Lookback= 4

Quoting mike1349
Hi Matt,
May I ask you in which TF do you use BSB?
I notice it's different in each TF.

Thanks
Mike
  • #794
  • Nov 10, 2008 7:06pm Nov 10, 2008 7:06pm
Quoting greenfx08
hello amenlo. your are probably attaching a template that has the basketheatmap indy. Try to attach the indy on the chart fresh.
If my assumption is wrong, sorry mate.
Happy pippin everyone.
gFX
i found the problem.whenever i try to switch the timeframe,those arrows will overlay.it will happen on all chart by applied the same template eventhought i saved my template without any overlay.i have to reattach the indicator again.thanks for your advise.
  • #795
  • Nov 11, 2008 4:50am Nov 11, 2008 4:50am
Quoting FOREXflash
I really dont know to explain it better than I allready did!...ok ill try again....
First off all, I dont bother looking at the orest indicatorea before I see
that the buyssells are crosing on the buysellbasket indicator!!!
After crossing off buyssells(buys are greenish, sells are redish) ill wait
few minutes to see what trend is stronger...lets say that the buys are crosing up to some level(100), then I start looking at the orest eaindic
to see how strong is the buy trend.....the total(T) must be bigger than the
basket spread(about 80pips)....

Hello FOREXflash,

couple of quick Q's:

I watched several hours after setting up the indicators as you suggested. several crossovers passed me by but the T value on 4h & 1h hovered below 15 most of the time. on 1 or 2 occasions I saw 30 or so.

1] I am unable to figure out the reason behind looking for T value greater than spread (80 or so). pl explain...

2] shud it be only +ve OR is -ve ok?

Thanks.
cheers.
  • #796
  • Nov 11, 2008 10:30am Nov 11, 2008 10:30am
Here is my today trade:

I waited for H1 and H4 to turn to short strong AND buysell basket cross 150 level.

I also had a look in to E/J H4 chart .

I don't know if I was lucky or this a good way to trade but I am 1500 pip ahead

Mike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: N0v11-1.jpg Size: 319 KB
Click to Enlarge Name: N0v11-2.jpg Size: 324 KB
Failure, is a wonderful teacher!
  • #797
  • Nov 11, 2008 4:59pm Nov 11, 2008 4:59pm
Interesting...what is your exit strategy? What was your maximum drawdown?



Quoting mike1349
Here is my today trade:

I waited for H1 and H4 to turn to short strong AND buysell basket cross 150 level.

I also had a look in to E/J H4 chart .

I don't know if I was lucky or this a good way to trade but I am 1500 pip ahead

Mike
  • #798
  • Nov 11, 2008 7:43pm Nov 11, 2008 7:43pm
Quoting netwrkgod
Interesting...what is your exit strategy? What was your maximum drawdown?
300 pips trailing stop is my exit strategy .No draw down on this one.
Failure, is a wonderful teacher!
  • #799
  • Nov 11, 2008 8:51pm Nov 11, 2008 8:51pm
What program are you using to manage the trailing stop?


Quoting mike1349
300 pips trailing stop is my exit strategy .No draw down on this one.
  • #800
  • Nov 11, 2008 10:36pm Nov 11, 2008 10:36pm
Quoting netwrkgod
What program are you using to manage the trailing stop?
EA available on the original thread, 2ProtectAccount does this job, versions 2 is with adjustable settings.
"Put all your efforts in becoming effortless"
1 trader viewing now