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Indicators development for T101's not very simple method

  • #981
  • Feb 2, 2010 9:33am Feb 2, 2010 9:33am
No, Empori - only one condition (first true) will be taken into account.

Quoting Empori
Hi Orest,

Thank you for your work!
I have a question regarding settings "Open short" and "Open long".If both adjusted to true it mean that (if condidions permit) EA will execute baskets one time in one direction and other time in other direction and Long + Short baskets will mess?
  • #982
  • Feb 2, 2010 9:35am Feb 2, 2010 9:35am
Sure, good luck - we are all here to master the method.

Quoting MurphyMan
This is great, Orest. I recently opened a VPS, so this will be perfect to run a continuous demo.

MurphyMan
  • #983
  • Edited 10:39am Feb 2, 2010 10:00am | Edited 10:39am
I guess I'll start with some of the basics.

Should we open just one chart, or all 14 pairs? Which time frames?

Would you have a few sample inputs that may start initiating a few trades? I tried AUD/USD, 100 profit_in_pips profit. Pair_to_follow: Buy

Are the defaults for a 4 or a 5 digit broker? Looks like 5.

Will it work with Open_Short & Open_Long set to True at the same time?

When the EA first opened, all the pairs were already ordered. Why would that be?

And finally, I now seem to be getting an error, and the Orest indicator is no longer present:
T101_v1.16_BUY_SELL_ADX_Business_rules_orest AUDUSD,H1: zero divide

Any idea what may be causing that?

We'll work through these things together.


Regards,

Murph
  • #984
  • Feb 2, 2010 11:03am Feb 2, 2010 11:03am
Quoting MurphyMan
Murph

Should we open just one chart, or all 14 pairs? Which time frames?
Just one chart of course, any chart which is moving. Any time frame.

Would you have a few sample inputs that may start initiating a few trades? I tried AUD/USD, 100 profit_in_pips profit. Pair_to_follow: Buy
First off BUY and SELL must be all in capital letters for now. For trial sake just pick, your column, slot and make sure pips in profit_in_pips profit is less then actual profit in that slot. You should be fine.

Are the defaults for a 4 or a 5 digit broker? Looks like 5.
Pips in the columns are adjusted for both 4 and 5 dig. brokers (shown like they all on 4digits).

Will it work with Open_Short & Open_Long set to True at the same time?
No, only one direction must be defined (I should created just one parameter instead of two).

And finally, I now seem to be getting an error, and the Orest indicator is no longer present:
T101_v1.16_BUY_SELL_ADX_Business_rules_orest AUDUSD,H1: zero divide
This is not indicator, this is an EA - so it goes into experts folder.
  • #985
  • Feb 2, 2010 10:45pm Feb 2, 2010 10:45pm
Hello Orest. This is my first post in any forum, and the first thing I want to say is thank you. I found trader101s thread about 3 months ago and have read every post in all his threads and have read all of yours. Thank you so much for your selfless generosity, dedication and exceptional coding. I am a VB programmer myself, so I can only imagine the time you have put into this EA and preceding Indicators.

I was so surprised when I checked your thread and found you had actually created the much desired but previously deemed impossible, EA. Congratulations! I have been using it all day and have some humble questions/suggestions:

Do we need so many options? I hate asking that question after all you have created, but I have found after I have spent months on a program, I eventually end up trimming it way down when I am finished, once all the tricky coding is done.

As I understand it, we need to wait for the “Ideal Setup” with all BUYS on one side, and all SELLS on the other. Then when one “Jumps” across and reaches an opposing anchor position, you trade the basket per trader101s rules. From what I have read, trading the full basket using movement into the anchor slots as the trade indicator has the highest win %.

You have created a lot of wonderful options, but perhaps streamlining this to the most profitable setup might be best. You could remove the SLOT option, PAIR TO FOLLOW option, TIME FRAME option, OPEN SHORT / OPEN LONG options, and even the PROFIT IN PIPS option. Of course you could just set defaults, but I think these are the areas where most people will make mistakes and lower their win percentage with incorrect values either through lack of experience, system knowledge or patience, so perhaps hard coding the optimum settings would be more beneficial.

If you could add to your code the ability to determine when the “Ideal Setup” has been reached in the hard coded TIME FRAME, then check to make sure there is currently not a trade in progress, then you can set it to begin tracking from that point until either anchor SLOT is reached. When an anchor with the proper hard coded PROFIT IN PIPS amount has been reached, you can initiate the trade, whether it be LONG or SHORT.

This would take out a lot of guess work, allow the EA to take advantage of OPEN LONG and OPEN SHORT and focus everyone on discussions about what the optimum settings should be, allowing all of us to help you fine tune your EA and the BTS concept.

In addition, although interesting, are the ADX numbers valuable to this system? I know you were trying to find something to replace the previous info you had there, but if this is in fact extraneous information, then removing it would make for a much cleaner display.

I admit it’s been a few weeks since I read through your entire thread, and I am still a novice at this system, so if I have suggested removing something everyone has agreed is necessary/valuable, I apologize. Just let me know and I will reread the appropriate thread.

Thank you again, and I hope you find at least some of this post helpful.
  • #986
  • Feb 3, 2010 6:28am Feb 3, 2010 6:28am
So, yesterday, 5 min after installing the ea with "Timeframe"=7 i have executing baskets SELL.I closed all baskets in order to test other Timeframes numbers.I put two demos with "Timeframe" 10 (1 h) and 14 (1 min), but already 24 hrs no executed baskets.
I would ask, if somebody have executed baskets with Orest's ea?
  • #987
  • Feb 3, 2010 9:23am Feb 3, 2010 9:23am
Quoting Empori
So, yesterday, 5 min after installing the ea with "Timeframe"=7 i have executing baskets SELL.I closed all baskets in order to test other Timeframes numbers.I put two demos with "Timeframe" 10 (1 h) and 14 (1 min), but already 24 hrs no executed baskets.
I would ask, if somebody have executed baskets with Orest's ea?
Yes, the EA has just open a buy basket as this time. it's a test but it works pretty well.
  • #988
  • Feb 3, 2010 9:37am Feb 3, 2010 9:37am
Quoting fcaillou
Yes, the EA has just open a buy basket as this time. it's a test but it works pretty well.
Can you give more info abt your executions and setting because i wait 24 hrs without result (exept one SELL as described in previous post).How many baskets was executed during this period, when, and etc.
All we need info
  • #989
  • Feb 3, 2010 10:22am Feb 3, 2010 10:22am
Quoting high1701
Hello Orest. This is my first post in any forum, and the first thing I want to say is thank you. I found trader101s thread about 3 months ago and have read every post in all his threads and have read all of yours. Thank you so much for your selfless generosity, dedication and exceptional coding. I am a VB programmer myself, so I can only imagine the time you have put into this EA and preceding Indicators.
Welcome, high1701! Actually it was kind of fun, especially in the beginning, so it wasn't too bad.

Quoting high1701
Do we need so many options? I hate asking that question after all you have created, but I have found after I have spent months on a program, I eventually end up trimming it way down when I am finished, once all the tricky coding is done.
Regarding the original trading rules unfortunately the sky is not so blue. Maybe it is if you are awake at London opening and catch a good strong trend, but I experienced so many times that as I soon I open trades by signal it continued in main direction. So, what's why Pips_in_profit - it allows you to wait for confirmation that new changing trend actually gains strength. BTW, setting that property to 0 would just trigger trades immediately.

Quoting high1701
As I understand it, we need to wait for the “Ideal Setup” with all BUYS on one side, and all SELLS on the other. Then when one “Jumps” across and reaches an opposing anchor position, you trade the basket per trader101s rules. From what I have read, trading the full basket using movement into the anchor slots as the trade indicator has the highest win %.
Right, this is absolutely correct if the changing trend is strong, otherwise you would be caught by main trend continued.

Quoting high1701
You have created a lot of wonderful options, but perhaps streamlining this to the most profitable setup might be best. You could remove the SLOT option, PAIR TO FOLLOW option, TIME FRAME option, OPEN SHORT / OPEN LONG options,...
Well, people who are not eager to learn, not patient, etc - what are they even doing in trading? Just kidding.
Yes, could be probably more beneficial, but my intention from the beginning
was to create a tool, flexible adjustable tool, which could be used for both actual trading and testing new setups because I believe that market is not static environment and what's working now might not work tomorrow.
I agree ADX is not very useful, I just don't know what else could be a good indicator to replace it with.

Timeframes: I beleive different time frames are useful. It least they give you a picture what's going on lower level. My 2 c of course.

I sound like I'm defending myself too much, but actually I'm not - if somebody described very high probability simple setup (which I know impossible) then everyone would be just happy trading and making money. The path to success is mostly trial and error, what's I've been doing anyway.
  • #990
  • Feb 3, 2010 10:24am Feb 3, 2010 10:24am
Empori, what was you setting for execution, which didn't trigger. You also could check your closed trades, it could trigger when you were asleep and trades are now closed.

Quoting Empori
Can you give more info abt your executions and setting because i wait 24 hrs without result (exept one SELL as described in previous post).How many baskets was executed during this period, when, and etc.
All we need info
  • #991
  • Feb 3, 2010 10:40am Feb 3, 2010 10:40am
Hey Orest,

Thank you very much for your response, and I understand your position.

Can you post what you feel are optimum initial settings?

If you wouldn't mind, I have one fundamental question about the BTS system. When we see a pair move across to the opposing anchor position, why do we think the rest of its corresponding pairs will follow, instead of that anchor pair just retracing back?

By the way, the EA seems to be working very well. I have had several basket trades in the last 24 hours, but I am only using the 30 min time frame for testing. Excellent work.
  • #992
  • Feb 3, 2010 11:11am Feb 3, 2010 11:11am
Because they are a herd. Seriously, Julius's done an excellent job selecting pairs which form almost ideal hedge, they all related. Of course you have to watch, it happens sometimes that just one pair runs away and rest of the pairs from it's group keep going in opposite direction. Then you have to trade that one pair to join the main group, so do completely opposite as original rule say. Ideal setup for whole basket trade is when one of the group sell or buy slowly begins loosing steam, they are step be step invading opposite territory on lower time frame and one of the pair (the leader) occupies the opposite anchor potion. That's what you want to see. I noticed that ideally it should be one of JPY pair, they are very strong indicator that trend is changing. I would say that 4h and 1day time frames are those to watch for such setups. 1w for major break ups.


Quoting high1701
Hey Orest,

Thank you very much for your response, and I understand your position.

Can you post what you feel are optimum initial settings?

If you wouldn't mind, I have one fundamental question about the BTS system. When we see a pair move across to the opposing anchor position, why do we think the rest of its corresponding pairs will follow, instead of that anchor pair just retracing back?

By the way, the EA seems to be working very well. I have had several basket trades in the last 24 hours, but I am only using the 30 min time frame for testing....
  • #993
  • Edited 11:45am Feb 3, 2010 11:26am | Edited 11:45am
Quoting Orest
Empori, what was you setting for execution, which didn't trigger. You also could check your closed trades, it could trigger when you were asleep and trades are now closed.
Yes i checked my closed trades (history), but no executions.This is my two demos with appropriated settings.I don't know where i'am wrong.

First demo (part of the sett):

Rules_ON=1
Timeframe=10
Pair_to_Follow=AUDUSD

Slot_to_occupy=1
Profit_in_Pips_more_then=100.00000000
Profit_in_Pips_less_then=0.00000000
Open_Short=1
Open_Long=0
Open_On_Strong_Signal=1

Second demo (part of the sett):

Rules_ON=1
Timeframe=14
Pair_to_Follow=AUDUSD
Slot_to_occupy=1
Profit_in_Pips_more_then=100.00000000
Profit_in_Pips_less_then=0.00000000
Open_Short=1
Open_Long=0
Open_On_Strong_Signal=1
  • #994
  • Feb 3, 2010 11:45am Feb 3, 2010 11:45am
So, you do realize that in order to trigger trades pair AUDUSD must be in slot#1 (very top) on time frames 1h or 1min (you have to have them on your chart) and the pair must have more then 100 pips in profit?

Easiest way to test is just pick the pair which is already in certain slot or put SELL or BUY (depends on the type of the pair).


Quoting Empori
Yes i checked my closed trades (history), but no executions.This is my two demos with appropriated settings.I don't know when i'am wrong.

First demo (part of the sett):...
  • #995
  • Feb 3, 2010 1:33pm Feb 3, 2010 1:33pm
Thank you Orest, I appreciate you clearing all of that up for me.

Do you use any of the other stats in the EA to help you to determine whether to initiate a trade? Perhaps the totals?

Thank you again, and if you would like any particular aspect of this EA tested, please let me know. It's still working very well for me.


Quoting Orest
Because they are a herd. Seriously, Julius's done an excellent job selecting pairs which form almost ideal hedge, they all related. Of course you have to watch, it happens...
  • #996
  • Feb 3, 2010 10:54pm Feb 3, 2010 10:54pm
Very good, high! I just gave you guys another tool, I would really appreciate some trading insights by using it (or not using it - doesn't matter). If anybody has some consistent result, please do share.

Quoting high1701
Thank you Orest, I appreciate you clearing all of that up for me.

Do you use any of the other stats in the EA to help you to determine whether to initiate a trade? Perhaps the totals?

Thank you again, and if you would like any particular aspect of this EA tested, please let me know. It's still working very well for me.
  • #997
  • Feb 4, 2010 12:02am Feb 4, 2010 12:02am
Hey Orest,

I removed the ADX sections, the MOVE ME and CLOSE ALL comments, and moved the profit text up (love the profit text!). I have attached a screen shot.

I am using two windows, because basically we can either BUY or SELL a basket.

One thing I noticed was it had locked 410 profit and the Basket Profit had dropped down around 474. I closed the program and opened it to see what would happen and it dropped the locked profit amount to 310 because of where the basket profit was when the program was opened. No big deal, just thought Id mention it.

When a basket has closed, does the EA reset in some way? I just set the RULES option to false to turn it off till I see the board lining up again. This works fine for me.

It opens, closes and tracks great. However, I am not sure exactly what time frame to set the EA to. I am currently watching the 30, 1hr, and 2 hr, and if they are all headed in one direction, then I set the EA to the 30 minute time frame and immediately initiate a trade in the proper direction.

But I am thinking the best way might be to watch those time frames, and then when they look good, set the EA for the 4hr in the proper direction. I say that because i didn't wait for the 4hr to move to the anchor and the other time frames retraced on me. So maybe using the EA on the 4hr would be a good time frame to use.

I am not sure how to use the totals, so if you use them for some kind of confirmation or indication, please let me know.

By the way, great coding. I went through it to edit it, and its a ton of work, thank you so much for all your hard work, I for one am extremely grateful. If you ever throw up a paypal donation button, you'll get one from me.

I was wondering if you and some people here might want to start a small chat group to periodically confer when we see settings lining up. It would help the group learn proper setups and trading in numbers is always more beneficial, in my opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: high1701-screen-shot.jpg Size: 410 KB
  • #998
  • Feb 4, 2010 10:52am Feb 4, 2010 10:52am
Hey Orest,

I noticed the footer caption that displays SHORT or LONG always says STRONG. What makes it strong? And if it will always say STRONG, can we just remove the STRONG portion of the text?

Would it be possible to add a boolean option that will launch a basket trade when all of the footer captions read SHORT or LONG? If set to TRUE, it would need to override the trade triggers in the EA, then when all footer captions read SHORT, open a basket trade short, and if they are all LONG, open a basket trade LONG, assuming no current trade is open.

I have been using this as a trigger with your previous Indicator versions, and I believe others have been as well. So if possible, it would be a great addition to your EA, in my opinion. And if possible, it would be great to have the ability to choose which time frames would need to line up, in case we wanted to exclude say Weekly. Of if that's too tricky, we could select how many of the seven visible time frames need to line up to trigger the trade.

My results with your EA so far are a few $400 or so wins, but I have locked over 2k in my current trade that I initiated when all of the footer captions lined up, which is why I would like to see the option added.

Excellent EA, makes life much easier. Thank you!
  • #999
  • Feb 4, 2010 12:56pm Feb 4, 2010 12:56pm
Regarding Locked profit.
Yes, that piece of code "remembers" (a variable) what the last locked profit was. If you restart the EA all variables are reset. I guess if you haven't re-started the EA would just close the trades since current profit apparently was lover the locked on. I copied that piece of code from Protect account EA and not very happy about it. Often EA closes trades before they going strongly in the same direction. Maybe we just need a break even option and take profit. What do you guys think?

Time frame.
Really depends on your trading style. Some folks say 4h is good confirmation column. I hope you guys caught today's US session huge swing down.

Great trading, results high1701!

Quoting high1701
Hey Orest,

I removed the ADX sections, the MOVE ME and CLOSE ALL comments, and moved the profit text up (love the profit text!). I have attached a screen shot.

I am using two windows, because basically we can either BUY or SELL a basket.

One thing I noticed was it had locked 410 profit and the Basket Profit had dropped down around 474. I closed the program and opened it to see what would happen and it dropped the locked profit amount to 310 because of where the basket profit was when the program was opened. No big deal, just thought Id mention...
  • #1,000
  • Feb 4, 2010 1:05pm Feb 4, 2010 1:05pm
Hey Orest,

Yeah, I caught that swing this morning which is how I got that large win. But I think the amounts in the Protect EA might need to be altered. When you are at 1010 locked, you have to increase that by 50% before the next lock at 1510. I have made gambling programs before and usually used a 20% factor, having to wait for a 50% jump seems excessive. I am going to drop it down to 20% and add a few more lock points accordingly and see how it goes. I'll let you know.
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