T101 external IA Monitor

The main screen is daily, but the secondary screen shows several rows, the one's on the right are hourly, then 4 HR, then daily.

Carl

Hi Carl. Hope you don't mind a newcomer on the thread.

I recently read through T101's thread on the hedge/basket method and along the way found your thread. I have downloaded and installed your indicator program for which I extend a sincere thank you. Unfortunately I do have a small problem. My broker places a full stop at the end of each instrument name i.e. EURUSD. (full stop included). I am using the universal pairs.

If I had the mq4 file for the T101 Data Save Indicator v1a.ex4, I could edit the instrument names appropriately. I can understand if you don't want to let that file out of your sight. Is there any way I can fix this please.

Thanks again and kind Regards,

Mike

Hello Carl

I have only come to the Forex Factory in the last couple of months, so I am spending many hours reading the threads. I am so glad that I stumbled across yours. You have done a magnificent job of providing a reliable way of looking at the 14 trading pairs and I am looking forward to making a lot of money using it.

I know that you don't wish to clutter this thread with extraneous discussions. In the interest of that, I would like to know if there is a thread out there that is centered around trading methods explicitly for the T101 IA Monitor/Simulator.

Is there any such beast? If not, should one get started?

Again, thank you and my best wishes.

MurphyMan
Murphysboro, IL

Mike, Let me dig the source out for you. There is nothing proprietary, its just that my Windows monitor reads those files in a certain way, so there was no reason for any changes. I can code it so it doesn't matter what prefix or postfix brokers put on thier symbols, but I'll have to see...

I'll get back to you. PM me if its been a couple of days after I post this. I am forgetful sometimes.

Carl

No such beast that I know of. A different thread would be appropriate, since I want to keep this for the maintenance of the program.

Have fun!

Carl

Hi Carl,
I PM'd you three weeks ago with the message as below, if you don't feel it needs an answer can you please say so. I am not asking how to use the program to trade, only what each built in function you have included is used for. I realise you are a busy person but any help you can give will be received with thanks.

Allon

T101 external IA Monitor Univesal
Hi Carl,
Thanks for the reply. I downloaded Alpari Metatrader,followed the instruction you gave for installing your program and when I finally found out how to start it, placed a shortcut on the desktop and now its all easy. Data shows on all pairs but I do have some questions about various bits of the program I hope you don't mind me asking.

1. Reference date OK... but should it be back to the start of the data or just a week or two, is there an optimum period?
2. Under the file heading there are three items. How and why are they used?
3. Under main log timer is listed periods 1m to 60m, at the moment it is set at 15m. What is the significance of this timer?
4. Active log timer, periods from 1m to 15m set at 1m, again what is this telling me?
5. If I tick Real time Mode the buttons in the RT Simulator are highlighted with Buy and Sell. For example does it place real trades or does what the heading suggests and only simulates them. How do I use this part of the program?
6. In the Multi Time Frame section, I note that the first three reference dates are just dates the last two show dates and 1hr times. I am not clear in my mind how to use these. Perhaps you could offer some guidance.
6. As I shut my computers off every night after the USA market closes, will this cause problems with the operation of the program or affect trading?

Hope you can help, now it's back to reading the T101 threads again.
Regards Allon

Thanks Carl. I'm too new on FF to even have PM rights so will have to trust your memory LOL. No hurry, whenever you get around to it will be fine.

Mike

allon,
I apologize for the late response, I am forgetful.

An answer to your questions:

1. As T101 explains in his main thread, by initiating a buy/sell for the applicable pairs in a demo account, this acts as your indicator. After several days or weeks, the pairs will settle into a configuration where all buys will be on top and all sells will be at the bottom, or vice-versa.

You can set the reference date to whatever to want. This option allows you to choose a date in the past, so you don't have to wait days or weeks for your demo account configuration. With this monitor, you do not have to download/install another MT4, and have two separate MT4's running. You can use this (T101 Demo Simulator) Monitor in place of the demo. I run this Monitor from my live account - no separate demo account or MT4.

No there is no optimum period. As explained in the T101 thread, he tells you what to look for. I will not re-hash what was already explained there. There is a lot of information in that thread.

2. The three actions under the File heading are as follows:
Reload History - this function will update the reference day combo boxes with updated dates/times. If you have this program running for weeks on end, you may decide to refer to a nearer date that may be loaded when you started the program. Due to the enormous amount of data that is referred to in this monitor, your columns will be reset. You can always set them up exactly as you had before (same reference dates), without "losing your place."

Save Log - The log that you see on the main screen will be saved as a text file in your /files directory. Useful for analysis.

Clear Log - Clears the main screen log.

3. The Log timer tells the monitor when to time-log what the Reference Bias, Anchor Bias and Basket Bias is at that interval. Useful for analysis.

4. When you check-mark the Active Logger, the monitor will write to an excel compatible .csv which has been very useful for in-depth analysis, at the interval you select. I personally use the 1-min. I have constructed some very elaborate spreadsheets using the chart function of excel to visually see the relationship of movements of the various pairs. All data you see in the monitor plus pair price data is exported to the .csv file. See an example in the T101 thread here: http://www.forexfactory.com/showpost...&postcount=692

5. The buy/sell buttons are only simulated positions based on the basket method outlined by T101 to trade all the pairs long or short. By selecting BUY, you simulate a long position in all pairs. Profit or loss is logged in the main logger at the desired interval. SELL is self-explanitory.

6. The rightmost column allows you to select a date and time by hour. The next column allows date and time by 4-hour. The next 3 left-most columns are daily. Refer to the T101 thread for more information. You are basically looking for a trend. You can quickly see, by cycling through dates and times, when pairs are moving up/down and grouping on the top or bottom.

7. You will lose the simulated trading results and any of the logging functions by shutting off your computer. If you don't want to analyze any data, then you will be fine.

Thanks for your interest and hope you find the monitor useful.
Let me know if you have any other questions.

Carl

I thought I was on the verge of getting my perfect screen arrangement; the basic Trader101 Buy/Sell list, Orest's indicator and now, Crod's Universal IA monitor.

Unfortunately, none of the indicators are in agreement with the other. Any ideas why they are not in agreement, an what I might to to correct the situation?

Combo screen shot attached.

Thanks.

Murph

Murph,

I don't know anything about Orest indicator, only from what I have read in the forum.
However, from your screenshot, you do not have Real-time Mode checked (enabled).

And, keep in mind, my monitor shows pips. I don't remember if Orest is using dollars to sort each list. That would make a big difference also.

Another difference might be the way we refer to a date/time. My program refers to the close. So if you pick 10/26/2009, then it refers to the close of that day. And if you refer to a time, such as 14:00, the monitor will refer to the close of that bar per MT4 data.

Carl

The above shown GBPJPY is 83pips in profit, GBPCHF is -239 n AUDUSD 49pips. Which meant GBPJPY is meant to buy while GBPCHF & AUDUSD is meant to sell but GBPCHF is in negative -239 meaning we should buy while AUDUSD is selling positive so you sold on it?

Correct me if I'm wrong. Many thanks

Carl I love your program and use it daily. I switched to Broco for one of my live accounts and they add a suffix to all pair names (EURUSD_FX). I noticed above where another poster had a similar problem with nonstandard symbols from their broker.

Were you ever able to release the MT4 code for this so that I can make the fix? I don't want to bother you with PM's so I thought I would post my question here first.

I depend on your indicator as a primary trading tool so this fix would be really great if you can help.

I would like to let you know that this IA works great however would be totally appreciative if anyone had use this IA and T101 profit graph to create a better entry as I need to absorb the drawdown in order to turn profitable.

Also is there a script to do optimisation for the JPY vers the USD? I meant like if EURUSD and EURJPY is up but USDCHF and EURCHF and GBPCHF bound to go opposite?

Many many Thank
David

YUUHOOOO!!!!

Hi David,

I,m having a problem to run this software, im using fxpro broker but when i try to run it the csv file error cannot open the files......i have follow all the step from the page 1 and i think i havent miss the step.

Hi,
I have problem to open and download the two version. Why?

Matobe,

Perhaps, u r using vista. I had file handling issues too in metatrader using vista. They got sorted out by reinstalling metatrader directly in "C:/___" instead of "C:/Program Files/_____".

all the best.
cheers.

Hi there,

I'm trying to revive/understand T101 work so I am using Carl's thread to update/monitor the usage/change to the system. Below is capture 20mins before futures market open.

Bought the EUR and GBP and sell the USD

David,

why did you buy gbpusd? Looking at 12/22 and 12/20, it seems to me it should be the other way.

Thanks,
Pillager.