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Indicators development for T101's not very simple method

  • #1,081
  • Feb 10, 2010 12:32pm Feb 10, 2010 12:32pm
High1701:

Fibonacci huh? I once made an EA that drew fibs using 3LZZ Semafors to identify the swings. If I could figure out how to add Semafors to the BuyAll line on the BuysVsSells indicator, then I maybe could do the same thing to this indicator as I did in that EA a long while back, and make it autodraw fibs and trendlines using Semafors.

StartWeeksBack code is fine. The problem is not having enough history, so that the starttime (aka Bar Open time on backtest indicator) is different for each pair. If it is the same, then it should work fine.

Having said that, I am in the process of revising my indicators, adding a MasterIA Mode.

MasterIA Mode will look at the total bars for each of the 14 pairs, and the pair that has the least number, that is the bar we use for the starting bar, get the time of that bar, and that is our starttime.

This is the only other way that I know how I can make sure all pairs use the same starttime (and this code I got from Kevin who started the thread 'NFP System - Backtest data provided, where he used it on that indicator, and I modified the code to work in my indicator). Even then, unless you actually have the history for all pairs, the indicator will just hang when placed, where it shouldn't now when using StartWeeksBack. But using StartWeeksBack will not hang, it will just not be accurate if all pairs not using same starttime (and we must use Comments on chart when using backtest indicator and using the same number for StartWeeksBack on both backtest and buysvssells indicator).

If I have all metaquotes history downloaded for all pairs (choosing M1 for pair and clicking download), and have clicked download again on all pairs to make MT4 use M1 history to make other timeframes' history, then if I was doing a backtest in MT4 Terminal, this is the way I would get a 90% Modelling Quality. So I've done that for all pairs.

So if I have that code to use the last bar going back in history that all pairs have in common, have as much history as I can get, count spreads, give currency value to everything, then I have the longest IA ever made. This may be a good time to merge the two, but I am still busy at work, been resting when not working, and still trying to understand Orest's awesome coding. He's got skillz.

Orest:
I haven't had a chance to use your newest EA (thanks Orest!), but I look forward to it when I get a chance.

hazelj80:
Thank you hazelj80 for posting. I know we've worked on a lot together. I hope we can find what we need with this method that will make all the hard work pay off for us both, and anyone else willing to give and test.

Regards,

Don


Quoting high1701
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...
  • #1,082
  • Feb 10, 2010 12:48pm Feb 10, 2010 12:48pm
OK. Maybe I'm misunderstanding something here.

Orest, you changed the BuyAll indi so that you could see the "spread" between top and bottom anchor, is that correct?

hazelj80, what limstylz is talking about is tracking actual spread (ask-bid for all pairs, combined, and made a whole number) over period's of time.

My BuyAll indicator, just like the backtest and BuysVsSells indicators, uses spread right now, and does not use any historical spread. This is why I knew Orest couldn't be talking about spread the way I refer to it.

Is there any way to go back in history and get historical spread? Not that I know of. So the only other option if one wanted to look at this aspect, would be to make an indicator that takes the spread when put on the chart, and each bar (I assume we'd use M1) would show spread changing over time for the basket. But once indicator is removed, you lose everything, and it all starts over when placed on chart again. This is why I've just used present spread and not historical spread for all pairs.

Regards,

Don


Quoting hazelj80
this is how limstylz keeps track of trend change....
  • #1,083
  • Feb 10, 2010 1:40pm Feb 10, 2010 1:40pm
Hey Don,

Auto Fib would be great. But it's not the end of the world drawing one. I have been reading about this system for 3 months, but just started trading it when Orest put up his EA. It has helped me a TON in learning how this system works.

However, I have yet to find a way to make money with it. I am not sure of the logic of waiting for the longer time frame columns to swap anchors because by then the trend has moved quite a bit. But you cant go by the 30 min or 1 hr columns because it can retrace on you very easily.

But as I said, I am very new to actually making this work. But your indicator and the BuyAll indicator have really helped me understand the movement of the pairs and it does seem to adhere to fib quite well. So I am just watching it all day trying to learn.

If anyone has any tips for me, so I know exactly what to look for to trigger my trade, I would appreciate it. As I find things that seem to work, I will post them for others to try.

Thanks Don, Orest, and everyone else contributing here. I hope I can contribute something soon.


Quoting disbellj
High1701:

Fibonacci huh? I once made an EA that drew fibs using 3LZZ Semafors to identify the swings. If I could figure out how to add Semafors to the BuyAll line on the BuysVsSells indicator, then I maybe could do the same thing to this indicator as I did in that EA a long while back, and make it autodraw fibs and trendlines using Semafors.

StartWeeksBack code is fine. The problem is not having enough history, so that the starttime (aka Bar Open time on backtest indicator) is different for each pair. If it is the same, then it should work fine.

Having...
  • #1,084
  • Feb 10, 2010 2:22pm Feb 10, 2010 2:22pm
Quoting disbellj
OK. Maybe I'm misunderstanding something here.

Orest, you changed the BuyAll indi so that you could see the "spread" between top and bottom anchor, is that correct?

hazelj80, what limstylz is talking about is tracking actual spread (ask-bid for all pairs, combined, and made a whole number) over period's of time.

My BuyAll indicator, just like the backtest and BuysVsSells indicators, uses spread right now, and does not use any historical spread. This is why I knew Orest couldn't be talking about spread the way I refer to it.

Is there any way...
OK, if you did track spread like that, you'd have to have it stored in an excel file of some sort and use DDE? sounds complex though as he was just writing down everything in excel from certain periods.

the semafors idea may work with that indicator from the other forum that you can draw fibs on. but how to draw semafors on an indicator in a separate window
  • #1,085
  • Feb 10, 2010 2:53pm Feb 10, 2010 2:53pm
Well, DDE enabled does allow Ask and Bid to be brought into Excel, and then subtracted to get spread. But then it constantly updates, so that's not the answer I don't think. I think the answer involves keeping Excel out of it, and doing everything in MT4 code. And I can do that. It's not a problem recording the spread and drawing a line. The problem is losing all that info when you close MT4 or close the chart window the indicator is placed on, or switch timeframes, or remove the indicator. Then you've lost the info you want to analyze. To not lose it would mean we'd need to write the spread info to a file, then import that data from the file to make the line in MT4 indicator. I don't know how to write to a file in MT4, or retrieve from a file, etc. Just thinking out loud, since if we are to look at spread, we'd want to have the data saved in case something happens, we don't lose the data we want to analyze.

Regards,

Don

Edit: As far as drawing Semafors in a separate window, I've done that for one pair. But when you use multiple pairs, even if not making the pip values whole numbers like I like to do, then it just doesn't work right.

Quoting hazelj80
OK, if you did track spread like that, you'd have to have it stored in an excel file of some sort and use DDE? sounds complex though as he was just writing down everything in excel from certain periods.

the semafors idea may work with that indicator from the other forum that you can draw fibs on. but how to draw semafors on an indicator in a separate window
  • #1,086
  • Feb 10, 2010 4:37pm Feb 10, 2010 4:37pm
Schmurex,
what I meant was:
here are your pairs - EURJPY, GBPJPY , AUDJPY , EURCHF, NZDUSD.
As you can see there are 3 JPY pairs and 2 EUR pairs, other than that all other pairs are unique. The group is heavy "into JPY" anyway, so strong move of JPY affects the group like nothing else. Also the group has 2 units of EUR. What's why I thought you could eliminate EURJPY to make just 1 unit of EUR and decrease JPY influence. Better yet to replace it with something else because percentage wise JPY still prevails. Just my 2 c of course.



Quoting schmurex
Orest,
Thank you,
you found the right bar. For some reason I couldn't.
  • #1,087
  • Feb 10, 2010 4:48pm Feb 10, 2010 4:48pm
Don,
regarding automatic Fibo it's perfectly possible to mimic ZZ from your code of BuyAllPairs. We just need to calculate Highest High and Lowest Low for the period using your combined pips data. I don't see an urgent necessity though since on H1 they (Fibo) don't change very often and could be easily drawn manually.


Quoting disbellj
Well, DDE enabled does allow Ask and Bid to be brought into Excel, and then subtracted to get spread. But then it constantly updates, so that's not the answer I don't think. I think the answer involves keeping Excel out of it, and doing everything in MT4 code. And I can do that. It's not a problem recording the spread and drawing a line. The problem is losing all that info when you close MT4 or close the chart window the indicator is placed on, or switch timeframes, or remove the indicator. Then you've lost the info you want to analyze. To not lose...
  • #1,088
  • Feb 10, 2010 10:23pm Feb 10, 2010 10:23pm
Hey Don,

I was wondering if you might be able to add a horizontal line between the top and bottom 7 pairs of your T101_BackTest indicator. I really like the indicator and just thought the line would be helpful.

With your indicator, do your numbers start over each week, or are they cumulative week after week?

thanks!
  • #1,089
  • Feb 11, 2010 1:37am Feb 11, 2010 1:37am
Hi guys,

I really happy that have people who undesrtand and developed BTS better and better.Thank you folks!
Now i have a little discomfort with slowly closing one by one of the part of the positions and would like to ask you is there some hopeful script for quick closing only SELL and only BUY pairs?
And one more think: for example i have SELL baskets with 0.5 lots and other SELL baskets with 0.3 lots.So, i want to close only first SELL basket (0.5 lots) with script and othet SELL basket to stay running.Is this possible with some kind of script?
Thank you!
  • #1,090
  • Feb 11, 2010 4:28am Feb 11, 2010 4:28am
Hi
Thanks to Orest and many others on the fantastic work here
Esp on the Orest's EA, great stuff!!
After many months on this BTS, and with huge gains and huge losses.
Was about to give up until Orest's EA comes along..

I had slight modified Orest's EA to monitor 2 pair instead of one pair only.
Works quite well except the profit still cannot cover the losses yet.
but it is a big improvement in term of win/loss ratio

Currently It just had 5 trade so it is too soon to judge yet.
4 trade had managed to reach the "safe harbour" 100 pips,50 pips locked
1 trade gone the other way straight to stoploss -560

My question is still the entry criteria, which i am still looking for another confirmation signal, apart for the 2 pair and pips value


Any one have any suggestion?
  • #1,091
  • Edited 3:28pm Feb 11, 2010 10:26am | Edited 3:28pm
high1701,

I thought about that the other day. I guess it would be helpful. I'll look into doing that.

Edit: BTW, since the code is in init(), the startdate is figured once when the indicator is placed. So in this case, it does NOT start over every week. It could be made to do so easily, by putting the stuff that concerns startdate into start() instead of init().

Regards,

Don

Quoting high1701
Hey Don,

I was wondering if you might be able to add a horizontal line between the top and bottom 7 pairs of your T101_BackTest indicator. I really like the indicator and just thought the line would be helpful.

With your indicator, do your numbers start over each week, or are they cumulative week after week?

thanks!
  • #1,092
  • Feb 11, 2010 10:34am Feb 11, 2010 10:34am
Hi Emprori,
I think your scenario is perfectly possible in a way as it is now. All you have to do is to use different MAGICs. Here is what I would do.
1. Leave the standard magic. Open whatever basket (buy/sell) you want.
2. Go to properties and change the magic number (unfortunately you have to write down the previous one to be able to use it later - or just change the last digit so you could easily memorize them).
3. Open another set of trades with new magic number.
4. Some time later of you want to close the first set then go to properties again, restore the first magic number and use Close Positions button (move it ) for the closing.
5. Restore the second magic number after that to be able to monitor the second set.

I didn't test it, but it SHOULD work.




Quoting Empori
Hi guys,

I really happy that have people who undesrtand and developed BTS better and better.Thank you folks!
Now i have a little discomfort with slowly closing one by one of the part of the positions and would like to ask you is there some hopeful script for quick closing only SELL and only BUY pairs?
And one more think: for example i have SELL baskets with 0.5 lots and other SELL baskets with 0.3 lots.So, i want to close only first SELL basket (0.5 lots) with script and othet SELL basket to stay running.Is this possible with some kind of script?
Thank...
Attached Images
  • #1,093
  • Feb 11, 2010 10:43am Feb 11, 2010 10:43am
Hi Dan,
this is another methodology I was interested in. Instead of taking off by all 14 pairs trade those ran-away once. Very often when basket goes down there are some pairs in the positive territory. If we could recognize conditions when it's better to trade just certain pairs (when basket market is flat I guess) we would add them to business rules.
Regarding entries I wouldn't re-invent the wheel, complicating things are not what we really want here. I would concentrate on trading run-away pairs either in the direction of changing trend or opposite one.


Quoting dannbb
Hi
Thanks to Orest and many others on the fantastic work here
Esp on the Orest's EA, great stuff!!
After many months on this BTS, and with huge gains and huge losses.
Was about to give up until Orest's EA comes along..

I had slight modified Orest's EA...
  • #1,094
  • Edited 11:46am Feb 11, 2010 11:41am | Edited 11:46am
Hi Orest,

Reporting a few observations re. latest version v1.18 of your above EA:

1.
I set cols 1, 2 & 3 as type 15 and entered same Time_Open in all but diff Time_Close as you can see in the attached image. however, on the display the 1st 3 columns look identical (also visible in the image). besides, instead of being static (since they are closed) they have data changing in them with new ticks. how does one sort this out?

2.
I opened a basket using the 'move me'. it worked fine. but when i tried to "Close all positions" by moving that label, it didn't work.

3.
the "locked profit" functionality did not work. I traded micro lots on the demo and the profit rose to over $11/- (would be equivalent to $110/- if mini lots). so the EA should have locked $5/- in this case?

Queries:

4.
In the ADX column there are 2 sets of numbers.
what are the ones on the left?
what are the ones on the right?
what do the colour change indicate?
what are the little wigglies for?
how do you interpret the arrows direction/colour?

5.
what do these extern vars do?
a. Timeframe
b. Pair_to_follow
c. Slot_to_occupy
d. Profit_in_pips_more_then
e. Profit_in_pips_less_then

thanks.
pgd
Attached Image (click to enlarge)
Click to Enlarge Name: closedate-error.jpg Size: 168 KB
  • #1,095
  • Feb 11, 2010 1:48pm Feb 11, 2010 1:48pm
Okay, updated version is attached, same release number.

1. Right - the problem was - I calculated open/close date/time in precision of 1 min, so if the time was quite a bit far in the history I looked many thousands bars back. If you have Bars on the chart 10,000 or less you'd have the problem you described. For now I changed the precision to 1H, so minutes in your input would be ignored because of that. Let's see how it works out. I can't demand to increase the Bars number settings since the platform would demand more CPU and memory power.


2. Should work. It doesn't work immediately though if the chart is slow moving.

3. Lock profit is programmed in fixed currency values as for now. I'm open for discussion here since I understand not everyone trade standard accounts. How if I make the locked amounts as properties? As for now first step for locking the profit is $100 (would be locked as $50). I could make it in pips.

4. Those are ADXs on beginning of the period and for the end of the period. Obviously, arrows and colors tell you if ADX rising or falling. If you can make some good purpose of that info then good for you, no - just ignore it.

5. I was explaning what are those properties for a few pages back. That's how all business rules idea started, please re-read.

Quoting pgd
Hi Orest,

Reporting a few observations re. latest version v1.18 of your above EA:

1.
I set cols 1, 2 & 3 as type 15 and entered same Time_Open in all but diff Time_Close as you can see in the attached image. however, on the display the 1st 3 columns look identical (also visible in the image). besides, instead of being static (since they are closed) they have data changing in them with new ticks. how does one sort this out?

2.
I opened a basket using the 'move me'. it worked fine. but when i tried to "Close all positions" by moving that label,...
Attached File(s)
File Type: mq4 T101_v1.18_BUY_SELL_ADX_Business_rules_orest.mq4   87 KB | 1,750 downloads
  • #1,096
  • Edited 3:58pm Feb 12, 2010 3:36pm | Edited 3:58pm
A brief wrap up about this passed trading week results.
1. It was clearly bullish week for currency basket method. If somebody went long in the beginning of the week he/she would ended up with sightly more then 1000 pips profit (4 dig. broker).

2. During the week the price strongly obeyed the 23.6 fibonacci line, touching it several times and reversing almost immediately, proving that combining T101_BuyAllApirs indicator and fibo is pretty strong indicator to watch.

3. Currently the basket price at it's breakout point which makes next week interesting. The main trend is still down and we will see what this week really was a retracememt or trend changing point.

4. If the breakdown does occur next week we shall see pretty strong movement into areas of either 38.2 or 0.0 fibo lines.

Nice weekend to everyone.
Attached Images
  • #1,097
  • Edited 10:40pm Feb 12, 2010 10:09pm | Edited 10:40pm
Orest, Could you tell me where I could brush up on Fibonacci? I have heard different sources say different rules to follow, and would like to know how you trade using Fibs, if you don't mind. Even though I was able to code Fibs, they weren't much use without definitive rules. And I can't say I could code them for my T101_BuyAllPairs indicator - maybe with Semafors I could.

I see Semafor 3's as beginning of trend.

After a bottom Semafor 3, then a top Semafor 1 or 2 will be made, then a bottom Semafor 1 or 2 will be made. If the bottom Semafor 1 or 2 is above the last bottom Semafor 3, and then price starts going back up (this bar high higher than last bar high), I take that as a buy signal.

After a top Semafor 3, then a bottom Semafor 1 or 2 will be made, then a top Semafor 1 or 2 will be made. If the top Semafor 1 or 2 is below the last top Semafor 3, and then price starts going back down (this bar low lower than last bar low), I take that as a sell signal.

But I haven't been able to code the Semafors onto the basket. I've learned I'm a mathematician and technician (I find problems and fix them as a day job), much more than a coder for sure

Edit: I also have found that I used TickSize instead of Point (I get these confused), and Point instead of MarketInfo(Pair[j],MODE_POINT) (so the gains have been wrong on some indicators in the past). I am updating all indicators that I have made, and maybe one other one that I didn't, just because it looks good.

Edit#2: Actually, my long math indicators were correct I think. It's just when the code was shortened, I did things a little differently, and problems arose that I didn't catch until now. So let's just say if the indicators have been good so far, they should be getting better.

Regards,

Don


Quoting Orest
A brief wrap up about this passed trading week results.
1. It was clearly bullish week for currency basket method. If somebody went long in the beginning of the week he/she would ended up with sightly more then 1000 pips profit (4 dig. broker).

2. During the week the price strongly obeyed the 23.6 fibonacci line, touching it several times and reversing almost immediately, proving that combining T101_BuyAllApirs indicator and fibo is pretty strong indicator to watch.

3. Currently the basket price at it's breakout point which makes next week...
  • #1,098
  • Edited 9:45am Feb 13, 2010 2:39am | Edited 9:45am
Quoting Orest
Hi Emprori,
I think your scenario is perfectly possible in a way as it is now. All you have to do is to use different MAGICs. Here is what I would do.
1. Leave the standard magic. Open whatever basket (buy/sell) you want.
2. Go to properties and change the magic number (unfortunately you have to write down the previous one to be able to use it later - or just change the last digit so you could easily memorize them).
3. Open another set of trades with new magic number.
4. Some time later of you want to close the first set then go to properties again,...
Thank you for respond Orest,

I understand explanation and tryed it.When the moment of closing came, buton "Close all positions" does not work at version 17.Tryed many times without succes.
But anyway i undertstand this simple logic with magic number
I need different script or ea which is able to slose only one packet of 7 baskets (for example SELL's with 0.3) and other BUY's 7 baskets to stay running.
  • #1,099
  • Feb 13, 2010 11:18am Feb 13, 2010 11:18am
Hello all,

I figured since I am making a true backtest indicator for "90% Accuracy" (if we were doing a backtest in terminal, this is what we'd aim for), then I went ahead and downloaded all pairs on both FXDD and IBFX. I then recalculated all timeframes from this data. Now I have "backtest quality" data. Both plateforms would show about the same startdate except for the fact that they are using different pairs, and my indicators I'm working on look at the pair with the shortest history and use that pair's first bar in history, and uses the time of that bar as the startdate for the basket. This way we are always going to be getting the best-longest-term IA we can possibly get, and we ALL have the same starttime (with one exception: those that use IBFX pairs will all have one starttime, and those that use non-IBFX pairs will have another starttime).

OK. So if you are going to want to use my backtest indicator and other indicators in MasterIA_Mode, you will want to either:
1. Download all MT4 history yourself for all pairs (note: takes hours, or at least it did for me).
2. Recalculate all timeframes by clicking 'Download' again in MT4 History Center for each pair when M1 selected.

Or you can save your self hours (why duplicate efforts?) and download the same history by;
1. Downloading the files at a link I post below.
2. Deleting existing downloads folder in MT4 history folder.
3. Unpack the downloaded .rar (link below), and put the history files in the downloads folder in MT4 history folder.
4. Start MT4, go to History Center.
5. While watching the journal tab in terminal, select each pair at a time and do the following to each one:
Double-click M1, wait for MT4 to load the M1 history for that pair (from ythe downloads folder). When MT4 is finished, the pair's M1 icon turns from gray to color. Click download, and you should be asked to recalculate all timeframes. Choose that option, so that all timeframes are recalculated from the complete MetaQuotes history for the pair.

After doing the above for all pairs we are using, we have the basis for a relaible backtest and use of the upcoming updated indicators.

Here is the link to download all metaquotes MT4 history up to this point (Note: Today is 02-13-10. This file will be deleted in 30 days if I don't use the account I just made for this purpose, which I may not, I don't know at this point):
MASTER_IA_METAQUOTES_HISTORY.rar

(Edit: I just downloaded this myself, and it took a few minutes, instead of hours like it took me to download using MT4's History Center) Enjoy

For over 10 years of data on each pair, there are about 6 errors per pair, meaning there are only 6 minutes in the last 10 years that this history is not correct (understanding that metaquotes history, I think, is a average of multiple brokers' data, but it's the best we can get for free and all of us have the same starttimes within reason - the only time we wont is using different brokers - ones that have IBFX pairs and ones that don't - or not using MasterIA_Mode, in which case StartWeeksBack will be used).

There are multiple indicators that have to get re-written, and I'm in the process of doing that, but I don't want to release any, in case I have overlooked anything, because I don't want anybody even possibly losing money because they use inaccurate or old indicators, although we should be demoing until a strategy has been proven profitable consistently, then code that into an EA. But for testing and trading purposes, a full backtest is required, and who wouldn't want to know the exact times when the basket was at certain points of interest according to T101 rules for the basket (as much as I've understood them at least, which I may be missing something still).

Thank you for your patience.

Regards,

Don
  • #1,100
  • Feb 13, 2010 4:29pm Feb 13, 2010 4:29pm
Don,
Fibonacci lines are widely used as unofficial (well, it's kind of official if it's widely used, isn't it?) support and resistance lines. The are normally drawn from most recent Highest High to most recent Lowest Low. In MT4 platform you could use Fibonacci Retracement indicator. That is for example if the price goes up from 0.0 fibonacci line (lowest one) then it's almost for certain
it will stop at 23.6 line and it would be some kind of retracement. Nothing is 100% certain in forex, of course, but you have to watch that level and be ready to sell. This is very brief and in a nutshell explanation, I'm sure you could find a ton of info on the net about fibonacci lines if you are interested..
I was actually very surprised to say at least when my attention was drawn to such phenomena, meaning how basket price (T101_BuyAllPairs) follows the fibonacci rules. It also could be that price is leading by JPY pairs and those pairs are normally follow the rules. So, who knows - it might also mean that the rules are universal and work for any market. Again, hard to believe.



Quoting disbellj
Orest, Could you tell me where I could brush up on Fibonacci? I have heard different sources say different rules to follow, and would like to know how you trade using Fibs, if you don't mind. Even though I was able to code Fibs, they weren't much use without definitive rules. And I can't say I could code them for my T101_BuyAllPairs indicator - maybe with Semafors I could.

I see Semafor 3's as beginning of trend.

After a bottom Semafor 3, then a top Semafor 1 or 2 will be made, then a bottom Semafor 1 or 2 will be made. If the bottom Semafor 1...
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