Indicators development for T101's not very simple method

yesterday stop out with +1500 pips , and today i begin to trade with 0.2 lot !


http://i285.photobucket.com/albums/l...rade02slot.jpg

2 hours later ; more than +600 pips
thanks OREST and other members who contribute to this EA !

EASY-MONEY


http://i285.photobucket.com/albums/l...hourslater.jpg

banana,

What is your stoploss in pips?

Also, not all pips are created equal. Do you know what your overall risk:reward is? I've never been able to get trader101's compelling system to work for me, but I'm tempted to put Orests EA on a demo account and see what happens.

banana,
dr_zeus is right. If you are using 0.2 (I assume a standard account with 2 mini lots per pair), then it's more like 300 pips in a couple hours. still, that's great.

I also wondered which preset file you posted is the one you are actually using. It looks like you use the 4-hour chart and preset, which I again assume, given the pic you posted (timeframe 8).

Regards,

Don

http://i285.photobucket.com/albums/l.../gold-1123.jpg






550pips/basket x 2 = + 1100 pips until this morning , but i still dont know why it only lock 710 pips ??? i thought it must lock 1000 pips ????

p/s : I used 4H set .
if you use 30M or 1H or 2H , you can easily get 50-100 pips in few hours , after that, it will stop out.
so you can change the TP to 100pips/basket, stop 50pips/pair

What stoploss are you using, Banana? Is it the 40 pip SL across all 14 pairs like Trader101 talked about? In that case your risk:reward was about 1:0.7 on yesterday's trade. I can't tell what the R:R is on the most recent trade you posted since I can't tell how many pips you won, but it looks closer to 1:1.

I'm glad to hear you are getting good results, but you need a very high hit ratio to sustain profitability.

profit is now +1240 pips, but it only locked 710 pips ????
any body have same problem with me ???

http://i285.photobucket.com/albums/l...basket1241.jpg

instead of paying 499$/month for this :

you can download OREST 1.18 for free ! the same results .

http://i285.photobucket.com/albums/l...etivanyong.jpg

Hi, Banana,

your 4h.set :
Time_Open1=1262304000
Time_Close1=978307200

How you translate it into Time Zone or GMT ?

Thank you

Cheers

Dear OREST ,

Can you check this problem ?
profit is +1344 pips, but it only lock 710 pips ? I thought it must locked +1250 pips ???

http://i285.photobucket.com/albums/l.../gold-1344.jpg

hey orest, me and don actually have a highly modified version of profitprotect. it might be better than the original version because it can adjust lot sizes according to not only account size but account leverage as well. if it's OK with Don, i will post his code and maybe you can implement into to a newer version of the EA since it seems our new friend banana9009 has found some pretty profitable settings but has trouble with the profitlock

I also agree with banana9009 why pay that much per month. that's profit i could be saving or more trips to costco and gas

Hi banana and all,

A month ago when i used Protect acount ea, created by Julius i saw that every time this ea can't lock exactly the wanted pips.For example when i adjust to lock 85 pips the ea closed at 55 pips.This is like example only.
This table is with very good explanations but the ea sometimes do not work properly.

hey banana or anyone else,

what is the name of the script you are using with the EA?

Many thanks!

Hi banana,

Many questions targeted to you One more from me:
Can you advice do you have executed the same baskets like the picture below?
This baskets opened today 24.03 / 0800 h (gmt+2) from ea T101 v1.18.
Thank you!

the time your EA send a signal to sell , my account still have old SELL basket , so it did not make a new SELL BASKET .

when all of them stop out , at 20:00 24/march/2010 , here in my country (GMT+7 ), it send a new BUY Signal

you enter the basket when it reversal

I see.It is normal to have differences like this, depends from previous basket positions.
Interesting , but my test started from 15.03 and proceed forward and T101 v1.18 never opened BUY baskets, only SELL baskets.My setings are like yours suppose.Here it is:
Protect_Account=1
BASKET_STOPLOSS=-560.00000000
BASKET_TAKE_PROFIT=35.00000000
Lot=0.05000000
Slippage=20
Trade_mgmt1======== Business Rules ==========
Rules_ON=1
Timeframe=8
Pair_to_Follow=BUY
Slot_to_occupy=1
Profit_in_Pips_more_then=100.00000000
Profit_in_Pips_less_then=100.00000000
Open_Short=1
Open_Long=1
Open_On_Strong_Signal=1

Hey everyone. I did look inside profitprotect EAs that I found in an archive online. I compared the values trader101 said that locking was to be done, with the actual code I saw in those EAs. The numbers were different. If trader101 had posted the mq4 or didn't put an expiry date on the EAs .ex4 version, then there would be no question of his intent. But as it stands, I've had to use the EAs I found online, and replace values in those with values I see trader101 posted. hazelj80 and I have worked on his MM and my MM both being able to be used per user discretion. The code is not working correctly yet (actually, my MM is working, I just set my MM for 100:1 leverage, so it makes the same Lots no matter what Leverage is on the broker).

On one broker I get hazelj80's MM giving Lots that essentially equal 11% risk on the basket trade, while on another broker, the risk is 25%. I won't use the code until it works correctly the way I believe it should on all brokers it can possibly be tested with.

I then take Lots and divide by the broker's micro lot to get a multiple value, and multiply all micro lot profit-locking values trader101 gave by that multiple value, to get new profit-locking values. That part of the code is working good.

But to me, I work in steps. Since no matter what strategy we end up using will have to have profit-locking working and MM to choose Lots working on all brokers no matter what leverage, whether standard, mini, or micro accounts, it's not an easy task. I don't want to release code until I know it works and has been tested. Frankly I don't see many testers here. Banana knows how to work Orest's EA. I can't say that I do. I loaded the .set file banana gave, profited around 40 pips on a standard IBFX account, and over same time (yesterday to today), I lost over 400 pips on MBT mini account. Gained $40 on one broker. Lost $40 on the other (and those trades are still open). All sells. But is it equal pips? No. 0.1 on IBFX standard account equals one mini lot per pair. 0.1 on MBT mini account equals one micro lot per pair. Why different signals? Don't know. The lots can be taken care of to automatically adjust. So can the profit-locking values. But I'm still not sure how to use the EA.

On top of that, I get someone repeatedly private messaging me about Orest's EA, asking me questions that I don't have the answers to. So either Orest hasn't responded to this person, banana hasn't responded, the material is not covered in this thread to answer his questions, or he hasn't bothered reading. I don't know which one it is, but I have read and still have (some of) the same questions as him. It has been asked of banana about the times he has in his preset. Do we change them or keep them the same (end dates earlier than start dates? can we even trust what we see on screen or trades that are taken doing this?)? What about pair to follow? It has Buy chosen in preset. Does this ever change? When would it change? I guess I figured this stuff would be automated to know what to do, because I surely don't know how to set it. Now I've been private-messaged once again. To this person: I am NOT a programmer. Just because I can code some doesn't mean I'm a programmer. And just because I can code some doesn't mean I can automatically understand what someone else is doing right off the bat. Maybe I could, but that doesn't help others. So for pete's sake, you know who you are, ask the questions on HERE, and MAYBE Orest or banana will answer on HERE, and enlighten us ALL. I don't use Orest's EA, and have just as many questions as you do, so please ask your questions HERE. It's not about pissing me off. It is about doing some reading, asking HERE if you don't understand, so we ALL can benefit. It about asking the ones who look to know what they're doing with Orest's EA, not someone who has repeatedly said I don't use it. Yeah, that kind of pisses me off. And to question about whether the smiley face is normal?!? Is that REALLY up to me to tell you how MT4 works too?! Yes, I have too much stuff on my plate to tell you if a happy face is normal or not. I frankly can understand why trader101 quit posting. Some of the same questions asked that we all should know IN A PROGRAMMING FORUM.

Well, at least from testing my EA last night (not Orest's, since I left Orest's 2nd posted v1.18 testing on a couple brokers at another location), I can tell that improvement has been made to profit-locking. The EA doesn't actually close trades right when I put them on and place EA (I used to have to wait to be in profit before I could put the EA on).

So maybe I should just perfect the profit-locking with hazelj80 and go with one of the methods we've seen to implement into our EA. And it's not that I mind posting the code for MM Lots and profit-locking auto-adjustment. But I don't like posting code that is not ready to be used (hasn't been fully tested by myself or my partner I've been working with on multiple brokers, account types, leverages, etc.). Hazelj80 nor I have really tested this code enough. I know this, and he should too. We can't just test one type of account, or one leverage, and say that it's good. He may use just one type of broker and leverage, but that doesn't mean I'll use the same broker or leverage. So I make my code and test my code to try and be as broker-independent as possible.

Hi All,

I have been following Trader 101's method since before christmas. I have tried numerous different ways to perfect the best entry and exit points, so far without success (win some, loose some more).

I have tried to use Orests EA 1.8 but cannot get anything to show on my chart even though I have the normal smiley in the top right corner? I have set up the trading rules as per Banana's instructions and tried entering numerous combinations of open/close dates but it still will not work, could some kind soul advise where I might be going wrong?

Also I am even more confused now after Banana's last post because he is referring to a completely different EA to Orest's (post 1280)?

Many thanks
Baz

Hi Baz,

In post 1280 showed not the ea.This is indicator named "T101 Dashboard".You should find it in some previous post in this thread, perhaps it exist in thread of Julius too.
Regarding first part of your question i think your problem come from rules of your broker or type of your account.Check if your accont available to trade with minimum 0.10 lots, but you adjusted T101 v1.18 to trade with less tahn 0.10 lots.Also check your settings in the ea.Orest give a description a few pages back.No reason to do not work.The problem is not in the ea.