Indicators development for T101's not very simple method

I think Kang-Gun Relative Strength forum & robot are built on a similar concept and are available in FF

just buy 0.1 lot gbp/jpy yesterday, and you already have more than 250 pips = 250usd to pay for this indicator !
HOW ABOUT BUY ALL 7 PAIRS GBP/XXX ????
AND SELL ALL 7 PAIRS XXX/JPY ????

Here is an EA that does all of that for you!

http://www.forexfactory.com/showthread.php?t=152341

Trader101's 2protectaccount.ex4 EA may not be better than Steve's MPTM EA.

it looks to me pretty OK to use Orest's EA for entry, then Steve's EA to put a hard stoploss for each position (this hard stoploss is only for power outage, internet unavailable situations.). then Steve's EA to manage the basket exiting on basket TP or SL amount reached.

this is the MPTM, with detailed documention on how to and why.
http://www.forexfactory.com/showthread.php?t=89371

Hi All,

Setting Long & Short set off hedge trades as expected. Banana, please do shed some light on your settings.

Quick question to everyone else :

I have come to understand from the forum thus far that the robot opens trades only in one direction. Someone pls correct me if I'm wrong.

Thanks

Well, the same Sells that Orest EA got me into when it said Long Strong, and I asked and nobody answered why I got Sells when trend was Long Strong, those Sells are still open on my mini account, trading micro lot each pair. So with about 10 cents per pip, and I've lost 107.76 at this point, that's roughly 1,077 pips that I've lost, when stoploss should have kicked in to take me out at 56.00 loss. Other than that, the big Buy trend should have given me a buy signal, should have kicked me out of the Sells and put me into Buys.

Since Orest doesn't seem to be answering any questions, and no one else knows what's up with his EA and why it's doing what it's doing, then I must say I wouldn't use this on anything other than a standard account (and do that at your own risk, since you don't know what rules are being used to get into and out of trades). If this offends Orest, all I can say is I have tested the EA, and asked questions, and they have not been responded to, so I will drop even testing this EA now. No reason to continue to waste my time and even give input on improvements that could be made if nothing is gonna be changed and questions are not even gonna be answered.

Regards,

Don

There is something i noticed with the latest ea by orest (1.8).

1) It slows down the speed of a pc and that i believe is cos it constantly updates. I put it on a vps and i can hardly do any other thing while it is working cos everything freezes up.

2) Dont think it trades automatically unless you move the "move me" tab for buy or sell option and from my observation it only works once and resets unless it is moved again. If my observation is wrong somebody should correct me. While i understand that Orest's intention is to give the trader greater control over what the EA does, that feature can also work against those who may like it to trade automatically. Also coupled with the high cpu demand moving the tab every now and then is not easy especially if u are using a vps.

Not being a programmer i dont know if my suggestion is possible but it would be good to split the EA into 2 comprising a robot for auto trading without all the details and then an indicator for those who may want to use it for manual trading.

I have tested and used most of the EAs on this and the original T101 forum but non is as comprehensive and as that of Orest. But i still believe the development is still in progress and my observation (if it makes sense) can help us build better tools for more profitable trading.

Hi Don,

I haven't got an answer to your question but I can confirm what you have said to be true. Orest's EA got me into a sell basket yesterday (based on banana's 4hr settings) I am still in that trade -£700, The overall trend has been up all day yet the EA did not stop me out and reverse the trade. I have given up with it and have reverted to trying other ways to perfect entries and exits.

Regards
Baz

http://i285.photobucket.com/albums/l...sket1april.jpg

Did you buy this indicator?
I thought you were wondering about it.
Tell us more if you have,
Thanks Banana

poor ppl don't need this.

poor ppl like me spend 1 more minute to read T101_dashboard_zz.mq4.

pick strongest pair to buy, weakest pair to sell, that will be same as what you did.

damn, ZZ, you should sell your version too

You tell him Charvo!

Btw, Anyone with actual settings that work on Orest's EA pls post them.

Looks like it works only on one direction at a time.

Orest,

Pl see attached image.
There is a disparity between the profit figure in the EA and in the Terminal.
They are encircled in blue.

what seems to be the problem?

cheers.

Orest mentioned this:

Only 1 direction, either Buy or Sell may be done at a time.

So, you can put on two charts with two Orest EA with two different Magicnumber. one to sell, the other to buy.

Thanks!

Do you use Steve's MTPM ?

Look at the swap in your account..That much is deducted from profit I think.

No, not trading actually. still confused about the system to be honest.

but if you do trading/demoing, MPTM should be better than Trader 101's protectaccount. MPTM's author is more coding-capable, with user guide, opensource, and solely aiming for trades management. i don't understand why ppl so paranoid about T101's protectaccount, that's a very simple routine.

Yea.

I'm trying to wrap my head around this thing too. Seems like a simple break out strategy (hence the 100 pip difference in the anchor position) with a tied in basket correlation.

I am thinking of doing a steady
1. Assessment of indicator before London open.
2. Do what is says.

and see what results I turn up with for the next month or so..

I have a feeling that it should work with the R:R & win loss probability. Will keep posted. Do post suggestions/experiences.

Hi disbellj,

I was aside for a while and no trade with T101 v1.18, but when i tested it befor 2 weeks i was found that baskets executed only in one side till changing settings "Pair to follow" from BUY to SELL or opposite.Due to my not longer investigation i think that we must predict the day trend and after that put "Pair to follow" according this investigation.You may see my settings 2-3 pages back.
The week of testing i had succes due to strong down trend, but immediatelly when the trend changed direction (and i do not change the settings) i failed.
My testing was to scalping, i mean that get 100-200-300 pips and run.So, this EA must to be managing, but just now i do not have enought time to sit in front of the PC.
If this help to you i will be glad.Ask me again if you do not understand my english explanation

Hey Banana, just a quick question for you.

I loaded the EA, have copied your setting from post #1236, and have loaded YOUR "4h.set"

And its on a 4hr chart too.

If I have done anything wrong PLEASE let me know.

Thanks buddy