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Indicators development for T101's not very simple method

  • #1,041
  • Feb 8, 2010 1:57am Feb 8, 2010 1:57am
Hello High1701,

Are you referring to the profit in pips setting on the EA? If so I'm not actually using it (yet).

But thats one of the reasons I wish to see set times in history.

HistoryFX.




Quoting high1701
Hi History,

Could you tell me what Profit in PIPs number you use for entering a trade on position one in the 1hr or 4hr column?

If anyone else has any advice here, I would be grateful.

Thanks!
  • #1,042
  • Feb 8, 2010 2:04am Feb 8, 2010 2:04am
Quoting disbellj
Orest,

"Wow,...
Hi Don,
I love your Indicator that Orest showed us a few pages back.
I use it a lot, it's really a very good visual help.
He modified it to answer to what he believed was my request but it was a misunderstanding. I explained that and also something that maybe similar to what you are saying about the column which should stay a permanent reference although I was more focus on the time origin than close time.
You can check it out 1 page back : http://www.forexfactory.com/showpost.php?p=3438652&postcount=1025
Anyway thank you for your work.
I will check your new indicators
cheers
Schmurex
  • #1,043
  • Feb 8, 2010 3:15am Feb 8, 2010 3:15am
Hi Orest,
I've started to use the settable time for the column.
It's a great help although I am wondering what are the settings for the opening of "this week"column.
I have noticed that if you want to have the opening of a column at a certain time you have to enter the time one bar later, but that's ok I just have to know it. I tried to match "this week" column with a customizable one, and tried all the entries from friday night to monday but couldn't find what was the right setting.
Another question: if you want to have the EA trading some pairs but not all, do you have to remove them from the list? But then you wouldn't be able to watch them in the columns? or am I missing something?
Thanks
  • #1,044
  • Feb 8, 2010 3:54am Feb 8, 2010 3:54am
Quoting schmurex
Hi History,
do you mind elaborating a little more on how you manage your trades: how much do you wait before setting the trade to BE, and if it goes further, do you trail it with a TS (how far behind) or a hard SL ?
Thanks
Schmurex
Hello Schmurex,

I wait for +50 points to move my stop from -300 to -200, then at +100points I move the stop to -100 and then finally at +150points it's moved to BE.
From there I usually give the market 150points to move. ie at +300 the stop moves to +150 and so on.

I hope that's clear enough.

How are you finding this method?

HistoryFX.
  • #1,045
  • Feb 8, 2010 5:42am Feb 8, 2010 5:42am
Hi Orest,
Would like to understand the Time_Open is refer to the broker time or local time in our computer?





Quoting Orest
Okay, next major release:
What's new:

- Time customizable columns. All columns now could be assign any open time you want. How to do that: Mark a column as 15 code, fill out new Time_Open property for each column. If a column code is from 1 to 14 the Time_Open property is ignored.

- Now you can leave on the screen any number of columns you want. Don't want a column? Just mark it 0.

- Don't want ADX on your screen? Just set Show_Buy_Direction or Show_Sell_Direction for a pair to false.

- Have a non-standard pair-name like EURUSDmin which cluttered...
  • #1,046
  • Feb 8, 2010 7:24am Feb 8, 2010 7:24am
Thanks History, I'll let you know if I find a good setting.


Quoting HistoryFX
Hello High1701,

Are you referring to the profit in pips setting on the EA? If so I'm not actually using it (yet).

But thats one of the reasons I wish to see set times in history.

HistoryFX.
  • #1,047
  • Feb 8, 2010 7:51am Feb 8, 2010 7:51am
schmurex,

First of all, thank you for your kind remarks. I did code all this to try and get a better grasp of what T101 was trying to say, but can't say I see what he's saying with the lining up, which I must not have enough history of all pairs yet to test this all fully.

You have seen the same problem I did, and why I code using iBarShift.

See, when I want to get the open time of the week, I use iTime(NULL,PERIOD_W1,0), which would give me the beginning of time for the week.

But if I want to get the open of the week in MT4, one would think that I would use iOpen(NULL,PERIOD_W1,0). Simple. Problem is, this doesn't work. This actually returns the open of the last bar on friday, and if I return the open time of this bar, it shows me that the startbar is friday's last bar and not this week's first bar.

So this is why I go back in my code and subtract a bar, where you're saying in orest's EA that you are having to subtract that manually.

Note: When using iBarshift, we can set it use the correct open time for the week and use false and subtract a bar. Using correct open time will point to time in the middle of the weekend where there is no bar, so we can't use true and must use false, and then subtract 1 bar to actually use the true first bar of the week, to get the true open price for each pair for the week). On the other hand, if the time we are looking back (almost any other time than the situation I just described where beginning time of week is not same as beginning time of actual bar) is where the bar open time and bar open price match what we see on chart, then we can use iBarshift, true, and not have to subtract a bar.

This is also why I put comments to show on chart in my backtest indicator, to make sure all pairs have the same start bar/start time, and that that bar's time is after the beginning of the week. the comments helped a lot as far as me getting this right. When I set StartWeeksBack to anything other than 0, these comments are again especially important, to make sure I have the same startbar/bar starttime, and that that bar starttime is after starttime of week. When you don't have enough history on all pairs, you will see that the bar starttimes for all pairs are not all the same. A clue to the rest of what you are seeing on chart is not correct.

Regards,

Don


Quoting schmurex
Hi Don,
I love your Indicator that Orest showed us a few pages back.
I use it a lot, it's really a very good visual help.
He modified it to answer to what he believed was my request but it was a misunderstanding. I explained that and also something that maybe similar to what you are saying about the column which should stay a permanent reference although I was more focus on the time origin than close time.
You can check it out 1 page back : http://www.forexfactory.com/showpost.php?p=3438652&postcount=1025
Anyway...
  • #1,048
  • Feb 8, 2010 9:57am Feb 8, 2010 9:57am
Below are screenshots of me using the non-ibfx pairs and same starttime, on FXDD, using both my indicator and the latest orest EA.

You'll notice that the alignment of pairs in my column matches orest's first column (edit: the last pictures I took show USDJPY twice. This is a problem in my indicator, where I sort the gains from most to least, and then re-associate the gains, after sorted, to the pairs name that belongs with that gain. This is the only way I figured out how to do it, and the only problem with this is that if the gains on two pairs are exactly the same, then one pair might disappear and one pair might get counted twice. Not much of a problem because it rarely happens, but a problem I'd like to be able to get around none-the-less). I would make it orest's last column, the "Now" column. The first column would have nothing except the opening prices (faux Asks for Buys) and the alignment would be the default alignment (all buys on top, all sells on bottom - the alignment shown in comments). The columns in between would show profit of buys and sells (faux Ask for close sell) from beginning prices to that certain point in time. But always current gains, etc. on last column. At least that's the way I see it.

One thing is for sure, there is plenty of money to be made here once it's understood. The BuyAll indicator shows this definitively.

Regards,

Don
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  • #1,049
  • Feb 8, 2010 10:42am Feb 8, 2010 10:42am
Hey Orest,

As I have been using your EA and the BuysVsSells indicator, I find it would be really helpful if you could add two more GUI texts: a BUY and a SELL, which would immediately initiate the respective trade. If possible, thanks.
  • #1,050
  • Feb 8, 2010 11:18am Feb 8, 2010 11:18am
I made v1.16 of orest EA to have same columns as v1.17 of orest EA, when both are using nonIBFX pairs on FXDD, with all having same start time on v1.17, since that's an option on v1.17.

Comparing them both, their is not much difference at all. And orest's first column look like my column, so I can use it.

I find it is more of a preference for me to have present first column as new last column, new first column as buys on top/sells on bottom (initial position), and columns in-between as periods in between. It is not necessary it doesn't look like what I'd prefer.

Having said that, I do hope Orest decides to look at taking a bar away from beginning time like schmurex found he was having to do (which I explained may be the reason on later posts).

Orest, you are a better programmer that I am. I just hope I can lend a hand to further development if you'd like to use any of my code to further this for us all.

Regards,

Don
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  • #1,051
  • Feb 8, 2010 11:27am Feb 8, 2010 11:27am
Quoting disbellj
Orest,
That's funny. finimej is a woman. I am a man. Different parts of the world too. But I gave her that indi a while back, and probably told her it was OK to post it.
Damn, one of those moments. Glad we are clear now.

Quoting disbellj
As far as your latest indicator posted (buyall_anchor_spread), I found a bracket out of place it looked like, after user input UsePipCurrencyValue didn't produce a line on chart when set to true. so I fixed it, along with a couple other things.
Great, thanks - I hope someone will find that indicator useful.

Quoting disbellj
Edit: You said: "- Closing time. Since many of you ask for that I will probably add that feature, not a big deal really. I myself can't get my head around that, meaning I still can't comprehend how I could use it." Well, just like we start an IA, it has one start time. Then over time after it is started, we go back and check how everything progressed from the start. I think T101's original showed IA started in an August with buys and sells at the initial position, and then over time (he went right to left in his excel file, but really when explaining...
Oh, clearest explanation I could dream of. So, you guys have been trying to mock all Julius's tools including excel? I think your BuyAllPairs gives clearer picture, but that's me.
  • #1,052
  • Feb 8, 2010 12:04pm Feb 8, 2010 12:04pm
Hey, Shmurex - I think this is a Sunday bar which makes a confusion. See the attached image.
Yep, if you don't want to trade certain pairs, why would you want them on the list?

Hey, Don - I would appreciate if you post your code fragment how you think would be appropriate to treat the beginning of the week. I would be happy to implement it.

Quoting schmurex
Hi Orest,
I've started to use the settable time for the column.
It's a great help although I am wondering what are the settings for the opening of "this week"column.
I have noticed that if you want to have the opening of a column at a certain time you have to enter the time one bar later, but that's ok I just have to know it. I tried to match "this week" column with a customizable one, and tried all the entries from friday night to monday but couldn't find what was the right setting.
Another question: if you want to have the EA trading some...
Attached Image
  • #1,053
  • Feb 8, 2010 12:07pm Feb 8, 2010 12:07pm
This is makes a perfect sense, History. Currently Profit Protection only moves a SL when you are in profit. I need to bookmark this.

Quoting HistoryFX
Hello Schmurex,

I wait for +50 points to move my stop from -300 to -200, then at +100points I move the stop to -100 and then finally at +150points it's moved to BE.
From there I usually give the market 150points to move. ie at +300 the stop moves to +150 and so on.

I hope that's clear enough.

How are you finding this method?

HistoryFX.
  • #1,054
  • Feb 8, 2010 12:15pm Feb 8, 2010 12:15pm
I think I would just replace those existing labels for opening trades when all signals are ligned up with open NOW once. What do you think? Or make additional once?

Quoting high1701
Hey Orest,

As I have been using your EA and the BuysVsSells indicator, I find it would be really helpful if you could add two more GUI texts: a BUY and a SELL, which would immediately initiate the respective trade. If possible, thanks.
  • #1,055
  • Edited 1:01pm Feb 8, 2010 12:45pm | Edited 1:01pm
Quoting Orest
Hey, Don - I would appreciate if you post your code fragment how you think would be appropriate to treat the beginning of the week. I would be happy to implement it.
Orest, I appreciate T101 giving his tools. Just my understanding of his excel, that's all.

As far as code, I use this in user inputs:
extern int StartWeeksBack = 0;

I use this in init():
OpenTime = iTime(NULL,PERIOD_W1,StartWeeksBack);

And then down in start(), I use the following format for all pair's start bar's open time (I had to use -1 before comments on my chart became correct):
datetime B_Pair1_starttime = iTime(Pair1,0,iBarShift(Pair1,0,OpenTime)-1);

then I later make "faux Ask" for starting Buys, since we Buy at the Ask:
double B_Pair1_start_Ask = iOpen(Pair1,0,iBarShift(Pair1,0,OpenTime)-1)+(B_Pair1_spread*0.01);

(Note: where it is multiplied by 0.01, this is for JPY pair, otherwise would use 0.0001)

I show comments to chart while programming to make sure the open bar is the first bar of the week (after the week's open time as given by MT4) (easy to see once week starts, since the gap between this bar and last bar on any lower timeframe is like 2 days when looking at bar's open time).

For the "close times" of all columns except 1st column (since 1st column is opening of IA), you can do like you do now and look back a certain period from now, or look forward a certain period from the start. I think the way you have it now keeps main perspective on recent time, so hopefully can see swings, etc.

To re-iterate:
First column: buys on top, sells on bottom, each pair's profit is at negative spread amount for that pair, given currency value), just like when we place trades manually in a demo account (T101's IA).
Last Column: order of pairs now, and each pair's profit now (including spread, since it would be so on demo account or real account when placing trades).
Columns in between: Would fill in when the amount of time has passed. For example, if we started the week (first bar of week) an hour ago, then any "middle columns" greater than an hour ago wouldn't be filled in, because there has not been more than an hour in the week. As they get filled in, we see the trend.

Again, just my opinion. Some may think this is not an improvement I guess. I don't know what others think of it. What do you think Orest?

Edit: I think my BuyAll, or better yet maybe the newer BuyVsSells (which shows expanding and contracting of SellAll and BuyAll - the outer lines) may be better. But I'm open to seeing this in multiple aspects - as many as I can, or at least until it's simplified by rules that can be coded and not take months to find out if it works.

Another edit: Orest, INSTEAD OF USING THE ABOVE StartWeeksBack, here's an idea:
You can use Bars instead of StartBar in the line:
for(int i=StartBar; i>=0; i--) {

..so that it look like:
for(int i=Bars; i>=0; i--) {

... and you can use all of history on each pair, so able to see the biggest picture possible. Then can add code to print anytime:
1. all sells at top and buys at bottom (Exit Sells and also Buycondition1 set to true?, making BuyCondition2, SellCondition1, and SellCondition2 all false)
2. (if Buycondition1 is true and) a buy pair reaches top anchor and sell pair reaches bottom anchor (BuyCondition2 set to true?)
3. all buys at top and sells at bottom (Exit Buys and also Sellcondition1 set to true?, making SellCondition2, BuyCondition1, and BuyCondition2 all false)
4. (if Sellcondition1 is true and) a sell pair reaches top anchor and buy pair reaches bottom anchor (BuyCondition2 set to true?)

Now if you have all history loaded for all pairs, you can start your IA YEARS back, as far as as much history as you have. Only problem is: You don't know if all pairs have the same start time unless comments are shown and using backtest indicator.

It would be best if we could make a master IA that looks back as far as downloadable history goes (like 1998?), and see the big trends. The printing and using i-- should print each time one of those occurs, if coded to do that. Then it would be as simple as looking at the prints in experts tab to see if there is indeed something that can be ascertained here as far as cycles.

Regards,

Don
  • #1,056
  • Feb 8, 2010 3:58pm Feb 8, 2010 3:58pm
Hey Orest,

I like what you have now, so I wouldn't want to lose that. If you could add a BUY NOW and a SELL NOW, that would be great. I am using all of your features, just testing diff things. And I am buying and selling sometimes based on the BuysVsSells indicator alone and would love to be able to initiate the buys and sells instantly without having to initiate the trade through the EA settings.

I will share my findings as soon I think they are valuable. Thanks!


Quoting Orest
I think I would just replace those existing labels for opening trades when all signals are ligned up with open NOW once. What do you think? Or make additional once?
  • #1,057
  • Feb 8, 2010 8:00pm Feb 8, 2010 8:00pm
Hello disbellj,

I love your indicator. I am finding extremely valuable and have a question about the weeks back option. If I set it for 1 week back, it just stretches out the current data. How do I set it so I can look at the indicators data for a few weeks back? Thank you.



Quoting disbellj
Orest,

Well, seeing as you have my BuyAll indicator, I'll give my updated indicators I've made, that I use together in a manual way on demo right now.

The "backtest" indicator makes it possible to "backtest" this strategy (1st indicator I know of to enable "backtesting" multiple-pair strategy in MT4, although without using backtest in terminal to do so). As long as you have enough history to make Comments on chart show that all pairs have the same start time, you can use whatever you want to use in user input StartWeeksBack (default is 0)....
  • #1,058
  • Edited 11:44pm Feb 8, 2010 11:17pm | Edited 11:44pm
Quoting high1701
Hello disbellj,

I love your indicator. I am finding extremely valuable and have a question about the weeks back option. If I set it for 1 week back, it just stretches out the current data. How do I set it so I can look at the indicators data for a few weeks back? Thank you.
I'm glad you like it. I found it to be very useful too, but I still don't have the rules down yet (actually have too many sets of rules and I haven't seen any one of them be proven consistently profitable). So hopefully people like yourself that use it , study it, work with it, can help us coders out to get some idea of the best rules to implement into an EA.

To try and answer your question:

I use both backtest indi and BuysVsSells indi. They both have the same values if StartWeeksBack is set the same on both of them.

Can you put the backtest indi on the chart, but before clicking OK to place it, can you choose to show comments on chart in user inputs?

This will show the 'Open Time' as the first comment at top. Below that, you see 'Open Bar time' for each pair, and they must always be after 'Open Time', and they must all be the same to have anything else seen on-screen as being relevant and true (as close as possible, knowing spread changes and I have no way of going back in time and getting Ask when it is not recorded) (Note: They should be the same if you have enough history I suppose, even when using different StartWeeksBack than 0, but I am still in process of coding changes, learning how Orest makes my code SO much shorter, and testing history stuff, etc., so I haven't been able to test out long periods of time yet. It took awhile today to download all available history from metaquotes, for a hopeful "big picture" view, to see when the buy and sell and close conditions happened per T101, although T101 has said other stuff he uses, in other places in the threads, so it's not so cut and dry I've found out).

Like I said, both should show the same numbers when both using same StartWeeksBack. So if comments on chart are different when using 0 than 1 on backtest indicator, I assume the same start bar (must be same on all pairs) is used on BuysVsSells as is used on backtest indi. Both are the same code. I could make one indicator out of it really (I think), but keep it separated for now.

So just use backtest indi to confirm startdate is different when StartWeeksBack is different. If it's true for the backtest indi, it's true for the BuysVsSells indi too.

My code simply takes a value at one point in time and a value at another point in time, and subtracts them, then multiply by 1 pip to make the "gain" (which may be a loss) to be a whole number. Which is subtracted from which is dependent on whether I'm "buying" or "selling" a pair. If I'm buying, I subtract the close now from open price at point in past (since the close should be above the open if I'm buying, if I expect to profit). If I'm selling, I subtract the open price at point in past from the close now (since the open should be above the close if I'm selling, if I expect to profit). Spread is also in there too, and I add spread to Buy open price (Buy at Ask), and Sell close price (Close Sell at Ask).

Hope this info helps you and others.

Edit: BTW, I can say that when I download the history from metaquotes for the non-IBX pairs, all go back to 1999, except for CADJPY, which only goes back to 2007. Most of these can also be used for IBFX pairs. And they can be used with other brokers (since it's MT4, but kind of broker independent, right?). I'm planning to package them up once I get all the history for all pairs, non-IBFX and IBFX too.

Regards,

Don
  • #1,059
  • Feb 9, 2010 3:15am Feb 9, 2010 3:15am
Hi All,

If anyone can clear this up it would be great, If I have missed this somewhere I say sorry now.

If I place the EA onto a 1h time frame and leave the 'time frame' input in the EA settings at '0' will the 'custom' time frame just follow the charts time frame if changed?

Cheers,

HistoryFX
  • #1,060
  • Feb 9, 2010 3:32am Feb 9, 2010 3:32am
Quoting HistoryFX
Hello Schmurex,

I wait for +50 points to move my stop from -300 to -200, then at +100points I move the stop to -100 and then finally at +150points it's moved to BE.
From there I usually give the market 150points to move. ie at +300 the stop moves to +150 and so on.

I hope that's clear enough.

How are you finding this method?

Cheers
Schmurex

HistoryFX.
Hi History,
Thanks for your answer.
your rules regarding SL make more sense that all I have seen so far for this method.
Although I wouldn't mind taking two lots of 0.1 and taking profit(smaler TS) earlier with one of them. (I only trade 5 pairs)
So far my observation is that when a short and a long reach the opposite anchors the others might follow or they might not, it can last to become a consistent trend or not, so you can have many false starts. Hence take some profit early. Although I didn't implement this rule yet, I'm still testing.

But over all so far I have good luck with it, but I must confess that I'm cheating a little by trading it manually mainly by watching both EJ and Don's BuyAllPair indi. Plus my "PipLine" indi : Buy7B_Sell7R.
With all the work and good spirit on this thread, we might end up finding the right way to trade this method, who knows?
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