Indicators development for T101's not very simple method

I wonder if Scoobs Trend Replacement/Retracement Robot (which works on ATR, EMA) and T101's system are the exact same thing!

Please, care to explain why buyall indicator's signal is so significant to you? I thought it is just supportive/confirming signal to those "tables/dashboard" indicators.

Many thanks!

Charvo you have been around this T101 stuff for a while. Do you remember any alerts working on Smjones Basketbars? It has an option for an alert but none come up ever. I think he had a better grasp on the method than anyone.

Hello Don, I looked into this system some time back, you say that you see proof of its profitability, may I ask what makes you think that?

Diang, these are what i have, i never really used them, thought they are lagging. so i don't know if the alerts will be really "on".

Yeah Smjones seemed to think they were awesome so I'm trying to figure out how to find the climax bars.

Price is the same on all timeframes. But I'm not using BuyAll. I'm using Buys and Sells lines only, in BuysVsSells. Start the week, and who jumps first? What if you lose? Do it again and again. Your stoploss is how far the losing set is from 0. 0 IS support/resistance, as well as other resistance like was made last week, broke, and I got in for over 900 pips on demo.

I look at value of pips the simplest, most reliable way possible, use what the broker gives me.

Just like any method, multi-timeframe helps know the bigger trend. But do you have to know the bigger trend to profit? As long as the move is larger than total spread, and you take profit manually if you have to (and can do that), then a move is big enough to profit from.

That's a great question about one pair vs a basket. A very legitimate question. For it is true that one could risk 14% (not recommending it, just saying) on a basket, or on one trade, and make the same amount. True. I guess I would say I see value in looking at the overall market in a glance, and although right now at 10 cents a pip, a couple thousand pips don't sound like much. but at 10 dollars a pip, a couple thousand sounds like a good week's profit, don't you think? If someone can't trade one pair, then maybe they don't need to trade 14 pairs. More risk. But if you can time entry, I don't see that there's much difference, except with a basket, I'd have to be wrong on 14 pairs movement, and not look at buyall going against me, or see it and not do anything about it, before I would hit stoploss using that indicator.

It's much smoother me using 6 pairs (not T101) to Buy USD, and compare it to Buying JPY by selling all pairs in code that have JPY. Compare that to even USD/JPY. It doesn't matter to me. It's really personal preference on what you like looking at. I would rather look at one line, or 3 lines, etc., than 14 charts or 14 slots. That's just my preference.

Not just speed. Number of pairs moving in one direction at once.

And profit-locking, yes. Have I not said how important I see this aspect of the whole thing?

Correlation has NOTHING to do with it, just like Julius said. Sure, there is correlation he points out, and how to use it if you want to. But for the basket, the basket is made up of currencies that cross themselves out either on the same team or opposite team. if bought in one place, same currency (not pair) must be sold in another place. Some would say it would make a "NULL" transform. or in other words, nothing would happen if you did this. But Julius saw that when he divided pairs into buy and sell pairs, one side was always winning and the other always losing - and he realized they could not do this unless they were all moving in the same direction.

Even if most of them are, more than not = what ? profit potential.

And to me a basket doesn't mean anything except putting pairs together to see what trading them together would do. it just is that T101 are sets of pairs that, since they move mainly in the same direction, make profit potential for this basket more than others maybe. Not all others. I could trade less pairs and make same amount. I guess I'm to the point that Julius was at: It doesn't matter which you choose, choose something you're comfortable with, and use that. It really doesn't matter. If one is confusing you, try another tool. As far as my tools, I make a pip = 1 whole number. So if you see 2000 like this last week, it could mean 2000 dollars profit or 2000 pips profit, depending on user input (use currency value true or false).

Think about this:

This last week, could have made about same amount of pips basically:

Buy USD (selling EURUSD, GBPUSD, NZDUSD,AUDUSD, and buying USDCHF) and Sell JPY (buy all pairs that have JPY. note: JPY is always at end: GBPJPY,AUDJPY,EURJPY,USDJPY,NZDJPY,CHFJPY)

-OR-

Buy all pairs in T101.

11 vs 14 pairs. Selling some pairs in one method, but buying these same pairs in the other method. but is there one method not profitable? no. both are almost equally profitable.

Tell me you can trade one pair, buy it on one broker, sell the same currency pair on another broker, and make money. Not when trading a single pair, but yes when trading baskets.

Regards,

Don

I never said it's the exact same as all the other indicators. Maybe it's not significant to see that if you bought all that at approx. $1/pip, a couple thousand pips is something that could have been achieved last week, but not important?

I just answered that for charvo. and BTW, I made an indicator to see for myself, gave it to someone, they used it, it eventually got out to the forums, I've given different methods and indicators to look at the same T101 info in different ways. It's up to each and every one of you to see for yourself. It is not up to me to point each and every thing out that I do. I do multiple things. But when you understand that on a standard account, that using 0.1 Lots is about $1/pip, and my indicators are made to display pips as whole numbers, if you can't see the system is profitable after looking at my indicators, then go find something better. As far as is it profitable, I don't "think" that. Math says that it is so.

Ok.. Would this work ?

Buy EUR USD with 1.4 Full lots = 1 pip = $14.

Stop loss @ 40 pips = $560

Money management according to T101.

Entry strategy
1. Enter ANYTIME as long as you are in same direction as major trend.
2. Enter when you see reversal.

What are the chances that you will not be profitable in a major percentage of the trades??!! The question becomes is the risk reward good enough to kick the win loss ratio.

arjuncora,

enter ANYTIME?

and you say how can you not lose?

try it out on demo.

Well don, thats kinda the same principle we use with T101's system if we enter with all strong.

I am trying to understand the differences between basket trading and regular single pair trading.

If we were to enter on a turn around, it is simpler to trade at S/R levels with a single pair with a 40 point stop loss & a money management ea such as profitprotect / steves MPTM ...

I am trying to come up with the advantages of basket trading. Please share any pros cons that you can think of.

A

For my professional background, I could not resist feeling this method function as the behavior of electrons and holes in semiconductors ( actually more like electron-hole pair in metal virtually). The pairs will form from neutral and finally recombine. The outside environment will change the behavior, but the intrinsic character of the pairs (both frequency as well as amplitude) does not change that much.

However, as I look through the T101 method, which recommend 4 pair method, which always include two buys and two sells at the same time period. Why in this thread, always sell or buy 14 pairs at the same time(which I think is hedge, am I right?).
Please correct my thought.

well, it is the same principle that the originator of this whole trade style put into words a long time ago for trading just 1 or 2 jump pairs.

" you're better off betting on the lakers rather than trying to bet on kobe bryant."

So you see, one,two or four players cant support a whole team to victory but all 14, yeah, you're much more likely to win when a championship if they all work together and agree on a direction.

i have a sell basket at 7am NY time

http://i285.photobucket.com/albums/l...o/goldapr5.jpg

Thanks, two things:

1.- What time do you wait before indicator cross blue/red line?
2.- Can you share your indicators ( I look into "clip" upper righth and I can no t find it ).


Thanks Againg

Hai..

I am newbie in forex exchg...and only can make profit on news time

Attached script below is useful for news trade and hedging that will place 2 pending order for buy&sell stop with TP&SL and also have adjustable distance from market price. I use it for several time but can't be used for scalping less than 2 munites . so I need somebody could modify this script as below:

let say the market price now is 1.6000 and I adjust the distance from market price is about 10pip, TP =0 and SL = 5 pip so and lot size about usd10.00

so the pending order will be:
buy stop= 1.6010 and the sell stop = 1.5990 and the SL will be 5 pip for both pending order

Let say the situation like this:

when the candle moving up during news time and touch the buy stop order, sell stop order will be close immidiately.

then at the same time, the sell limit order will be appear about 13pip from the buy stop distance (the distance of limit order should be adjustable based on buy/sell stop order according to our need).

When the market price still going up then touch the sell limit order will open with the price of usd9.99 less 1 cent than the buy stop order (hedging but have difference price 1 cent).

once the sell limit already open, the stop loss for buy order will be close immidiately, and vice versa

sory my english not so good

tq

yes and no. the original trade is by a signal, not just anytime. after that, julius did say that he would re-enter a new basket if the first one was taken out by stoploss.

if you're trading one pair, that's not T101. if you're trading one pair, use trendlines, support and resistance, or fibs if you want. but that's not T101. hazelj80 said basically waht I was going to say, which is what julius said. you don't know which player this game is gonna score the big points. but it doesn't matter if you count on the team and not on a single player. Let's say you want to find just the pairs that are moving. it's harder to do without T101 than with. Do tandems if you want, but a single pair is nothing to do with T101.

Regards,

Don

Hi Don,

Yea, I understand that it is not a part of t101's system. Just brainstorming on the pros and cons of basket trading over regular single pair trading.

if at this stage u still wonder the pro and cons of this system, you really need to go back re-read this thread and T101 thread (not many, 10 pages will do).


SHORT NOW!

20min later, damn, luckily accurate.