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Indicators development for T101's not very simple method

  • #1,061
  • Feb 9, 2010 3:54am Feb 9, 2010 3:54am
Hey Schmurex, (great user name by the way)

Which time frames were you looking at for the observations below and had you allowed for the "muddy water to settle" before allowing the anchor breaches to become signals to enter? A vital key I believe to whole method.

HistoryFX.




Quoting schmurex
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...
  • #1,062
  • Feb 9, 2010 4:20am Feb 9, 2010 4:20am
Quoting Orest
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.
Orest,
Thank you,
you found the right bar. For some reason I couldn't.

Why do I want to watch the pairs I don't trade?
Because thats the way this method works. When the basket gives me the signal I'm waiting for, I trade it under it's abbreviated version.
With the 7Buys and 7Sells basket, you get:
3USD Buy, 3USD Sell; 2EUR Buy, 2EUR Sell... and so on, each 1 buy balance a 1 sell.
When you buy or sell the whole basket, you get on one side: 2GBP, 2AUD, 2NZD, 4EUR / on the other side: 2USD, 2CHF, 6 JPY.
I tried a couple of combinations and found that this one match perfectly the behaviour of the whole basket: EURJPY, GBPJPY, AUDJPY, EURCHF, NZDUSD.
I tested it with the BuySell14wBasket indi you can perfectly superpose the 2 images. I guess Don would have the same result with his buy vs sell...

5 pairs are way easier to handle than 14 !
Anyway if I was to trade the whole basket I would still stay away from USDCHF and GBPCHF which, in this basket are renegade pairs and consistently move against their group.
It's a liability to your trades.
The more I think to this EA the more I believe that it should be distinct from the "dashboard".
Now that your dashboard has reached a kind of perfection, a slick EA with all the options might be easier to handle and modify as needed? What do you think?
Schmurex
  • #1,063
  • Feb 9, 2010 4:40am Feb 9, 2010 4:40am
Quoting HistoryFX
Hey Schmurex, (great user name by the way)

Which time frames were you looking at for the observations below and had you allowed for the "muddy water to settle" before allowing the anchor breaches to become signals to enter? A vital key I believe to whole method.

HistoryFX.
Thanks for the compliment.
I mainly use H4 and H1 but not in the 1 hour ago column.
I have given some explanations previously about time frames in a post to Orest. The column 4 hour ago, for example, is not a H4 TF...

How would you define that you have waited enough and the mud has settled? That would help me greatly.

I really have to turn in now, it's almost 3:00AM PST.
Sorry I didn't even answer to disbellj, I'll do that tomorrow.

Good night
Schmurex
  • #1,064
  • Feb 9, 2010 10:23am Feb 9, 2010 10:23am
Very cool, Don!

I am a programmer and work at home, sadly not a mt4 programmer. but i am testing multiple things on Orest's EA, and on yours I am testing trading your indicator with Fibonacci lines, and having some good results.

Now I have your back test indicator up as well, its very nice. Lots of good info.

What I was hoping to be able to do was to extend your lines in the BuysVsSells indicator back a few weeks or months if possible, so i can test my ideas. any chance you can make that weeks back option work so i can put in say 5 weeks back and have the lines draw back 5 weeks?

Thanks Don

Quoting disbellj
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...
  • #1,065
  • Edited 5:56pm Feb 9, 2010 5:07pm | Edited 5:56pm
Quoting Orest
Interesting observation. Look at this new indicator I made from BuyAllPairs.
This is moving distance between anchors. It's clearly visible that narrowing spread usually means trend changing. Place it on the same chart as T101_BuyAllPairs

this is how limstylz keeps track of trend change. by the extremes in spreads. you're on to something here

http://www.forexfactory.com/showpost...postcount=2264
http://www.forexfactory.com/showpost...postcount=2282
http://www.forexfactory.com/showpost...postcount=2298


I have been working with don for some months now on other projects when we finally arrived here and this combined with dons T101backtest and buysvssells might be the hot ticket fo manual trading.

I also saw that the t101 dashboard was hot then abandoned and nobody fixed the $ amount problem just curious as to why??
  • #1,066
  • Feb 9, 2010 7:11pm Feb 9, 2010 7:11pm
Quoting hazelj80

I have been working with don for some months now on other projects when we finally arrived here and this combined with dons T101backtest and buysvssells might be the hot ticket fo manual trading.
Welcome, hazel - that's what we are hoping for too. Don seems knows what he is doing and not greedy to share his knowledge. Also, note - here we don't tell you what to use or what not to . "Julius asked me to remove the indicator" - funniest thing I ever heard.
  • #1,067
  • Feb 9, 2010 7:21pm Feb 9, 2010 7:21pm
New version. Closer to excel spreadsheet. Thanks Don and shmurex for your insights regarding static columns. I'm still not sure if Profit_Protection part needs to be improved. I kinda like what HistoryFx doing, but he uses pips and I use the currency value for account protection. I'm open for discussion.

What's new:
1. Now columns have both open time/date and closing time/date. Reminder Open time/date works only if column type is 15. Closing time/date should work on any type.

2. Two new GUI buttons added. Open BUYs NOW and Open SELLS Now.

3. Fixed beginning of the week calculation - thanks Don.

4. Noticed if a date is more then 10 days back ADX is not calculated on my machine (maybe my number of bars setting is too low, not sure yet).
Attached File(s)
File Type: mq4 T101_v1.18_BUY_SELL_ADX_Business_rules_orest.mq4   87 KB | 919 downloads
  • #1,068
  • Feb 9, 2010 7:27pm Feb 9, 2010 7:27pm
Awesome, thanks Orest!


Quoting Orest
New version. Closer to excel spreadsheet. Thanks Don and shmurex for your insights regarding static columns. I'm still not sure if Profit_Protection part needs to be improved. I kinda like what HistoryFx doing, but he uses pips and I use the currency value for account protection. I'm open for discussion.

What's new:
1. Now columns have both open time/date and closing time/date. Reminder Open time/date works only if column type is 15. Closing time/date should work on any type.

2. Two new GUI buttons added. Open BUYs NOW and Open SELLS Now.

3....
  • #1,069
  • Feb 9, 2010 7:27pm Feb 9, 2010 7:27pm
yeah, I know he wanted to create some order and what not but this is where the most innovation has been going on it seems. lots of great info and ideas thrown around here. so far this week, I've only made 222 pips on demo after profit lock kicked me out too late from charts not updating fast enough, should have been 310. I noticed that the London session seems to be the way to go. i just start to watch at 07:00GMT and at 07:30GMT you can see who will start to rule the London session. so far, I have not been wrong, even when i grabbed 120 pips on NFP day last Friday. the Asian session can be sketchy but for now I will avoid

I'd use currency value over pips in my opinion. always has worked for me.
  • #1,070
  • Feb 9, 2010 7:27pm Feb 9, 2010 7:27pm
By the way I think we should watch out for the massive sell off now, don't you think so? According to BuyAllPairs , it's 02.10 1:00 GMT here in Denver.
  • #1,071
  • Feb 9, 2010 7:30pm Feb 9, 2010 7:30pm
I wish I could be awake for London (lame excuse I know). I could be on some days of course, but not every day.


Quoting hazelj80
yeah,...
  • #1,072
  • Feb 9, 2010 7:35pm Feb 9, 2010 7:35pm
Hey Orest,

I am watching for the sell off too. Can you tell me what you will use as an indicator to sell? this way I am looking at exactly what you are. I would appreciate your advice. thanks!

Quoting Orest
By the way I think we should watch out for the massive sell off now, don't you think so? According to BuyAllPairs , it's 02.10 1:00 GMT here in Denver.
  • #1,073
  • Feb 9, 2010 7:52pm Feb 9, 2010 7:52pm
I'm watching T101_BuyAllPais.



Quoting high1701
Hey Orest,

I am watching for the sell off too. Can you tell me what you will use as an indicator to sell? this way I am looking at exactly what you are. I would appreciate your advice. thanks!
Attached Image
  • #1,074
  • Feb 9, 2010 8:01pm Feb 9, 2010 8:01pm
Me too, thanks. I was referring to your EA, possibly waiting for an anchor to dislodge in one of the columns, perhaps the 8hr?

Quoting Orest
I'm watching T101_BuyAllPais.
  • #1,075
  • Feb 9, 2010 8:36pm Feb 9, 2010 8:36pm
Okay, sold the basket now. 4h column (and all lower once) shows pretty much very strong trend down.
Maybe needed to wait more, let's see.

Quoting high1701
Me too, thanks. I was referring to your EA, possibly waiting for an anchor to dislodge in one of the columns, perhaps the 8hr?
  • #1,076
  • Feb 9, 2010 8:43pm Feb 9, 2010 8:43pm
Me too, thanks. I was looking at the 8hr and all the lower ones were short. lets see what we will see :-)

Quoting Orest
Okay, sold the basket now. 4h column (and all lower once) shows pretty much very strong trend down.
Maybe needed to wait more, let's see.
  • #1,077
  • Feb 9, 2010 8:44pm Feb 9, 2010 8:44pm
Shmurex,
I think EURJPY should go from your list too, this way you maintain some kind of balance.

Quoting schmurex
Orest,
Thank you,
you found the right bar. For some reason I couldn't.

Why do I want to watch the pairs I don't trade?
Because thats the way this method works. When the basket gives me the signal I'm waiting for, I trade it under it's abbreviated version.
With the 7Buys and 7Sells basket, you get:
3USD Buy, 3USD Sell; 2EUR Buy, 2EUR Sell... and so on, each 1 buy balance a 1 sell.
When you buy or sell the whole basket, you get on one side: 2GBP, 2AUD, 2NZD, 4EUR / on the other side: 2USD, 2CHF, 6 JPY.
I tried a couple of combinations and found...
  • #1,078
  • Feb 9, 2010 11:09pm Feb 9, 2010 11:09pm
Folks, would be great if somebody takes some time and uses that basket backtesting tool Don provided a few pages back and share the results of course. I'm running out of time.
  • #1,079
  • Feb 10, 2010 3:17am Feb 10, 2010 3:17am
Quoting Orest
Shmurex,
I think EURJPY should go from your list too, this way you maintain some kind of balance.
Hi Orest,
Sorry I don't understand what you mean. Could you explain?
Thanks
Schmurex

By the way I'm kind of swamped in work right now, I will not be able to post much before Sunday...
  • #1,080
  • Feb 10, 2010 5:04am Feb 10, 2010 5:04am
still practicing on the London session. went short at the beginning of the London session

http://jtenterprise.mt4live.com/

down a little. let see what develops
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