I don't know when you opened the trades and if you sold the whole basket. However, if you had opened the FULL basket going short from about 02:30GMT when the order was showing good strength going short, you should have made over 1100 pips by the time of your posting.
Even now, had you opened the basket at that time, it would still be worth over 1000 pips.
I tried SELL14function and it opened 32 positios. Most od the pairs did open 2 times.
What is the problem. Maybe I have wrong file downloaded with som bug in it?
Is there a post od a document with all right files at one place?
Thanks
Sasa
I tried SELL14function and it opened 32 positios. Most od the pairs did open 2 times.
What is the problem. Maybe I have wrong file downloaded with som bug in it?
Is there a post od a document with all right files at one place?
Thanks
Sasa
Ignored
If you lauched the script as an EA it would have opened multiple positions. Check that you have the script in the scripts folder and ensure that you only launch it once.
I took all 6 USD pairs short about 01:00 GMT.
Closed this AM up 380.
You folks who went short 14 pair...way to go.
I think we're looking at a short bias.
But I'm going to wait till 0:00 GMT.
I expect to go 14 Short at that time.
Past performance shows that, with a full Monday's activity, the market will move accordingly, clear signal given today, and then back-off at mid week. Whether the market moves again, or changes direction, or just winds down, or blasts off, is the connundrum buried within T101's indicator.
Having missed the train early this morning, I am now playing the waiting game to board.
This is the only issue that I have with this method. Lets say that I have all the trades in the IA in the correct order (sells in profit at the top, buys in deficit at the bottom, the basket is short) and the pairs start to trend for a long time.
If the pairs begin to turn in the opposite direction (basket turns long), it could be some time before the pairs move from their positions in the IA, as all pairs could be turning at the same time and therefore keep their order.
This being the case, shouldn't the trades be reopened on the IA (keeping the originals intact) at least once per day or per session? This is under the assumption that the Orest indicator is not being utilised.
If you lauched the script as an EA it would have opened multiple positions. Check that you have the script in the scripts folder and ensure that you only launch it once.
Ignored
Thanks. Exactly 14 executed. Are all other files (execution functions) also lunched as a script or EA.
I hope you do not minde me asking you some more things. Sorry for pore English.
How often do you load new set of trades on your IA?
If you just leave it and you get a strong up trend than all the buys will be on top and you whant se the changes in order unsel you get to the seling point i guess?
How do you evaluate profit/loss spread and what it means for you?
Sasa
You are getting confused regarding the Indicator, which has a SELL set 1 (of 7 pairs) and a BUY set 2 (of 7 pairs). You use that as an indicator from which you make your decision to go either 14 Pairs LONG (BUY) or 14 Pairs SHORT (SELL)...
Read the complete thread if you really want to understand.
Ignored
I have read the complete thread. That's how I got to here.
Thanks very much for your advice. I'll keep working on this system and see if I can make it all work out all right.
As far as I can unbderstand you have to give your IA a time to setel.
Then you are looking for pairs to start swiching places.
Final decision to go long short is when one of the set (set 1 or set 2) leades get to the oposite anchor.
Is thet right or you also take somethig else in consideration.
Thanks.
Sasa
In my Profit Calc I can se 2 numbers that give me my total P/L for IA. I guess one (firs one) is sell possitiona and second one should be for buy positions? Or other way aroud?
I alos do not see long and short (trend) recomendation! I knowe there should be one? Maybe not enoufg data on my IA yet?
Thanks
Sasa
I am geting there. Just need some help from you guys.
But when is the righ time to enter that is 1 mil $ Q.
Is anyone here trading a live account with this strategy.
This is what I am thinkig of. If theoreticaly we gat tu a run to high/low you will not see buys and sells change places. it will work only as they aproach thet buy/sell level. Of course it is not perfectly simetrical but buy adding to IA every week we coud get bete picture of trend turning.
I guse IA would be more reactive to trand change! It souds logical to me (and mathematicaly correct as well)
Having missed the train early this morning, I am now playing the waiting game to board.
This is the only issue that I have with this method. Lets say that I have all the trades in the IA in the correct order (sells in profit at the top, buys in deficit at the bottom, the basket is short) and the pairs start to trend for a long time.
If the pairs begin to turn in the opposite direction (basket turns long), it could be some time before the pairs move from their positions in the IA, as all pairs could be turning at the same time and therefore keep...
This is what I am thinkig of. If theoreticaly we gat tu a run to high/low you will not see buys and sells change places. it will work only as they aproach thet buy/sell level. Of course it is not perfectly simetrical but buy adding to IA every week we coud get bete picture of trend turning.
I guse IA would be more reactive to trand change! It souds logical to me (and mathematicaly correct as well)
Sasa
Ignored
According to T101's rules:
Say the sells are on top, or mostly on top.
Then when either a buy overtakes #1 anchor, or a sell overtakes the #14 anchor, that's your 14 L/S signal
Individuals pairs: when a sell or buy crosses the 7/8 spot, take that pair and opposite the one it displaced.
No guarantees here.
This IA measures the trend bias. No 100% hits.
The EA, I understand, though I'm not using it, has a $560.00 stop loss on the total of the basket/
I'm thinking that Orest indicator in real time is detrimental. One's tendency to jump for the short term indicator. I think the daily is the one to use.
But, I'm going to refresh with a new one tomorrow. I think after 48 hours or so, the IA loses its edge. We'll see
Right now, I'm short 14 pair.
I was long & probably should have stayed that way. Missed a +600 run.
This is what I mean about the short time frame indicator.
So, I'm short & I'll let it run for the day. I think the week, at least till Wed. is headed that way.
Thanks petro.
Some questions still? Cant help my self?
It seems it is a lot up to a trader to decide?
Individuals pairs: when a sell or buy crosses the 7/8 spot, take that pair and opposite the one it displaced. So we can trade individual pairs - once that swich positions they are corelated?
The EA, I understand, though I'm not using it, has a $560.00 stop loss on the total How do you close all your positions at once then?
Thanks petro.
Some questions still? Cant help my self?
It seems it is a lot up to a trader to decide?
Individuals pairs: when a sell or buy crosses the 7/8 spot, take that pair and opposite the one it displaced. So we can trade individual pairs - once that swich positions they are corelated?
The EA, I understand, though I'm not using it, has a $560.00 stop loss on the total How do you close all your positions at once then?
Ignored
Read the thread again... all the tools are provided. You just need to read it carefully. Yes, there is a lot of repetition and also a lot of garbage from some posters, but you need to look past that to find the gems.
The EA, I understand, though I'm not using it, has a $560.00 stop loss on the total of the basket
This is adjustable, as is the take profit.
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Disliked
I'm thinking that Orest indicator in real time is detrimental. One's tendency to jump for the short term indicator.
This boils down to the individual... as with all indicators. I personally don't use it.
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I think after 48 hours or so, the IA loses its edge.
Thats not necessarily true. After any length of trend, the IA is then valuable for trend reversals. However, it becomes poor for short term retracements and needs to have the hedge script run against it again (daily IMO). This is the reason that T101 says to add to the IA every week, keeping the originals.
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So, I'm short & I'll let it run for the day. I think the week, at least till Wed. is headed that way.
Thanks petro.
Some questions still? Cant help my self?
It seems it is a lot up to a trader to decide?
Individuals pairs: when a sell or buy crosses the 7/8 spot, take that pair and opposite the one it displaced. So we can trade individual pairs - once that swich positions they are corelated?
The EA, I understand, though I'm not using it, has a $560.00 stop loss on the total How do you close all your positions at once then?
Ignored
The correlation factor is only important in construction of the IA. Creates slightly imperfect hedge. Not an issue for trading.
The Long/Short placement for the pairs is also for the IA.
So if the IA says a short is losing money, buy it. A Long is making money, buy it./
Closing pairs...I just do it manually.
I'm getting really good at it. Takes 30 seconds or less.
I don't use the EA because, frankly, I don't know how to & that doesn't particularly interest me.
I was screwing around with something yesterday & somehow damaged the IBFX platform. Wouldn't buy or sell.
I wound up having to re-load a new account. Thankfully, all my data etc. was preserved, somehow.
That sort of thing just infuriates me. Either it works or it doesn't. I'm not going to get lost in the twilight zone of trouble shooting a computer program.
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Joined Jul 2009
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Status: Let the trade come to you
|21 Posts
Hi everybody,
I hope all of you are fine and making money!
I’m new to this forum and got attracted to this thread by our brother, Trader101. But unfortunately I was only able to make a little sense out of it. It may be a very simple method, but somehow I’ve got confused about it. I was reading from the beginning till few pages and got scarred off by the idea of having to go through all the 148 pages. I also didn’t see Trader101 in the last few pages.
So instead, I thought of sharing with you guys what I understand and did, so you could possibly advise me about it. I would appreciate your help.
Here is what I did:
1.I opened a new demo account in MT4.
2.From the first post in this thread, I selected the second sets of pairs which Trader101 called “the Universal pairings”. I sold all the pairs in the red set and bought all the pairs in the blue set.
3.I sorted all the posions descendingly profit-wise.
4.Now, I’ve got the situation shown in the image below.
What would I do next? Do I have to wait for a couple of days? And how do read this indicator and start trading?
Here is what I did:
1.I opened a new demo account in MT4.
2.From the first post in this thread, I selected the second sets of pairs which Trader101 called “the Universal pairings”. I sold all the pairs in the red set and bought all the pairs in the blue set.
3.I sorted all the posions descendingly profit-wise.
4.Now, I’ve got the situation shown in the image below.
What would I do next? Do I have to wait for a couple of days? And how do read this indicator and start trading?
Ignored
We are all still drawing our own conclusions... however, you are on the right lines as this is how the rest of us started.
Simple Trading Method with trader101
