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Indicators development for T101's not very simple method

  • #1,601
  • Apr 23, 2010 4:33am Apr 23, 2010 4:33am
Quoting wingate
Hi Kos

I shorted the basket 2 1/2 hours ago and as I write am minus £30 @ .02 lots per pair. ARHHH great system if only we can find the best way to trade it!

I have been experimenting with another indicator called TRO Multipairs. What I have found (using this indi) is that when all the pairs line up ie (red or green) on the 1hr, 4hr & Day (meaning that all 14 pairs are traveling in the same direction, Usd & Yen are strongest at the same time) then the basket flies. Friday last week was a classic example making aprox 2000 points in one day.
Baz....
Exactly, That's why Julius also suggested USDJPY is an important indicator for BTS. He managed with just ProfitChart indicator. It is quite helpful, and before entering the trade atleast ensure that you are at the extreme on H4 or H1 chart and it should give better entries.
Attached Image
"Put all your efforts in becoming effortless"
  • #1,602
  • Apr 23, 2010 4:49am Apr 23, 2010 4:49am
refering post 1596:

So, first – this is demo, I just start to read last 10 pages and still learning Samir indic and other faculties read back to this 10 pages. Kos, disbellj – thank you both for replyes. This is my first positions and I’am under experimentation how the Samir indic, Trend Magic and B1-T101 OTR works.
My Print screen made abt 2 hrs after Samir indic gave me alert for “jumping”
Ofcourse this is not “jumping baskets”, this is jumping pairs, mistake when I wrote this. Kos correct me.
Executing both pairs arise only when Samir indic show me alert windows with information that both pairs jumped – nothing more. I need to watch this in live and that’s way I put both positions.
Missing pair is not missing, just in second when I made “Print screen” this pair was hide and after few second appear again. My broker allow all needed pairs. Thanks for paying attention!
Hey disbellj why mess here private message. We passed a few nice messages and complited communication like a normal users. When I wrote this “"now don't get piss"” ? Can’t remember and do not think nothing bad to you or other users. In pm I gave you my respectful. Do not expect and think that I do understand BTS like you, my method of approach is different and trying to read always written in this theme because of much intelligent and honesty users.
Finaly, i alert nothing, I just show my positions – wrongly or correctly. This is need because no need to post here only winning positions, must to see other side. My posting positions perhaps was winning in spite of the rules. So, this is other viewing.

Regards

P.S.gj showing down, but do not believe this now, go long today.

Quoting disbellj
Empori,

You're missing a pair. May need to make sure your broker has all the pairs or use the non-IBFX pairs if you can (I assume Samir's indicator is set for universal/IBFX pairs). I wouldn't trust the calculations since missing a pair.

And also the two pairs you're buying are the same type pairs (both sell pairs). no jumping pairs rules being seen in action here except maybe EURGBP and EURUSD, and I would sell those. Those are your jumping pairs it looks like. NOT the ones you're trading, and in the wrong direction from where the basket is showing...
  • #1,603
  • Apr 23, 2010 6:18am Apr 23, 2010 6:18am
Quoting Kosomolate
Hi balouf!

remove all the m in front of each pair, if you don't need them, and it will work fine.

kos
Fine. Thank you!
  • #1,604
  • Apr 23, 2010 6:21am Apr 23, 2010 6:21am
Quoting IamTHAT
Very good post and we need to digest this if we want to be consistently making profits with system. Samir indicator is referencing beginning of the week as the starting point and hence could be misleading as the week progresses. I have altered it for Daily trend also, which gives a better reading of the current market . Unfortunately, I find that both indicators cannot be loaded onto the same chart - something to do with the global variables probably. Hope someone will make it alright.
Why not the same with shorter time frame : h4, h1, 30'...?
  • #1,605
  • Apr 23, 2010 7:28am Apr 23, 2010 7:28am
Hi,

since 5 days I use the T101_v1.18_BUY_SELL_ADX_Business_rules_ores.mq4 EA, but this does not go LONG when all signals are LONG (STRONG).

In this thread I saw, does many trader can go LONG.

Please can everyone look for my settings and tell me what is wrong.

My settings are:

Buy_currency_pairs=----- List of Buy currency pairs -----
Buy_pair_1=USDCHF
Show_buy_direction_1=1
Buy_pair_2=EURGBP
Show_buy_direction_2=1
Buy_pair_3=GBPUSD
Show_buy_direction_3=1
Buy_pair_4=NZDUSD
Show_buy_direction_4=1
Buy_pair_5=EURJPY
Show_buy_direction_5=1
Buy_pair_6=AUDJPY
Show_buy_direction_6=1
Buy_pair_7=GBPJPY
Show_buy_direction_7=1
Sell_currency_pairs=----- List of Sell currency pairs -----
Sell_pair_1=AUDUSD
Show_sell_direction_1=1
Sell_pair_2=NZDJPY
Show_sell_direction_2=1
Sell_pair_3=CHFJPY
Show_sell_direction_3=1
Sell_pair_4=USDJPY
Show_sell_direction_4=1
Sell_pair_5=EURUSD
Show_sell_direction_5=1
Sell_pair_6=EURCHF
Show_sell_direction_6=1
Sell_pair_7=GBPCHF
Show_sell_direction_7=1
Columns_0======== Columns Customization ==========
Columns_1=1 - 30d, 2 - 21d, 3 - 14d, 4-This week
Columns_2=5 - This day, 6 - 12h, 7 - 8h, 8 - 4h
Columns_3=9 - 2h, 10 - 1h, 11 - 30min
Columns_4=12 - 15min, 13 - 5min,14 - 1min,15 - Custom
column1=5
Time_Open1=1262304000
Time_Close1=978307200
column2=7
Time_Open2=1262304000
Time_Close2=978307200
column3=8
Time_Open3=1262304000
Time_Close3=978307200
column4=9
Time_Open4=1262304000
Time_Close4=978307200
column5=10
Time_Open5=1262304000
Time_Close5=978307200
column6=11
Time_Open6=1262304000
Time_Close6=978307200
column7=12
Time_Open7=1262304000
Time_Close7=978307200
Trade_mgmt======== Trade management ==========
MAGIC=19760607
Protect_Account=1
Email=1
BASKET_STOPLOSS=-250.00000000
BASKET_TAKE_PROFIT=6000.00000000
Lot=0.10000000
Slippage=3
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
  • #1,606
  • Apr 23, 2010 9:26am Apr 23, 2010 9:26am
Quoting balouf
Why not the same with shorter time frame : h4, h1, 30'...?
That information is available in other dashboard indicators. However using shorter time frame for trade decision could prove risky when entering so many trades at a time and when there are whipsaws.
Moreover fixed reference point for shorter tfs is needed otherwise it can be very confusing.
"Put all your efforts in becoming effortless"
  • #1,607
  • Apr 23, 2010 9:50am Apr 23, 2010 9:50am
because of GBP/JPY , i have been stop out 2 times


http://i285.photobucket.com/albums/l...sketapr24b.jpg
  • #1,608
  • Apr 23, 2010 9:58am Apr 23, 2010 9:58am
Quoting banana9009
because of GBP/JPY , i have been stop out 2 times


http://i285.photobucket.com/albums/l...sketapr24b.jpg

GBP/JPY is in range. I was stopped out as well.
  • #1,609
  • Apr 23, 2010 10:19am Apr 23, 2010 10:19am
Hi, Banana:

T101's original rules seem not for entries in early week (sunday evening or monday morning), because it usually takes 10 hours (maybe) for the basket to show the pattern/setup.

now i see you entered at very early stage, only 2 or 3 hours since Sunday open, at that time, if entry, will it be very possible that market may easily reverse? can you please talk about why you entered that early? how do you determine the risk for entering early?

thanks.

actually, i feel that your 2nd basket is more like a T101 entry. (I do understand everyone may come up with his own application of T101 system, like your way)

Quoting banana9009
because of GBP/JPY , i have been stop out 2 times
  • #1,610
  • Apr 23, 2010 10:29am Apr 23, 2010 10:29am
[quote=dorger;3665783]Hi,

since 5 days I use the T101_v1.18_BUY_SELL_ADX_Business_rules_ores.mq4 EA, but this does not go LONG when all signals are LONG (STRONG).

In this thread I saw, does many trader can go LONG.

Please can everyone look for my settings and tell me what is wrong.

[quote=dorger;3665783]Hi,

since 5 days I use the T101_v1.18_BUY_SELL_ADX_Business_rules_ores.mq4 EA, but this does not go LONG when all signals are LONG (STRONG).

In this thread I saw, does many trader can go LONG.

Please can everyone look for my settings and tell me what is wrong.

I dont see anything wrong with your settings. I have made the same observation earlier on this forum. The orest ea does open sometimes but not always. If you restart your platform or reloads the ea when the trend id strong it usually opens in the prRvailing direction. I why it is so and no one has explained why or given solutions.

I will advice u to watch the indicators and open maually. U can do that with the "move me" tab on orest ea or any other script that u can run when the time is ripe to open all 14 pairs.

I hope this helps
  • #1,611
  • Edited 5:33pm Apr 23, 2010 12:45pm | Edited 5:33pm
Empori,

I've looked at Samir indicator. The alert is saying a pair moved position. No wonder he keeps it off by default. Don't need an alert for that. Not Julius' rules. Which type of pair is jumping from what slot, after a lineup, now that's cause for an alert. a perfect lineup may be cause for an alert. but just cause a pair changed position? no.

Regards,

Don


Quoting Empori
refering post 1596:

So, first – this is demo, I just start to read last 10 pages and still learning Samir indic and other...
  • #1,612
  • Apr 23, 2010 2:15pm Apr 23, 2010 2:15pm
Hurray.

Took another $375 profit on Long Basket ($5000 account) today. Still just getting used to the mechanics of opening trades, looking the BI indicator and Orest indicator. The puts me up $430 on the week with two good baskets and one bad one (my fault really, wasn't a good entry).

Am I right in saying that GBPJPY and USDJPY are the main pairs to watch as well? They seem to lead the basket, so it would easier to draw some S/R and TL on those charts to help with entries.

Now it's time to look into trade managers.
  • #1,613
  • Apr 23, 2010 2:51pm Apr 23, 2010 2:51pm
GJ might be, UJ absolute NOT.

an easy way to test is using don's backtest indicator, and you'll see.

Quoting dr_zeus
Am I right in saying that GBPJPY and USDJPY are the main pairs to watch as well? They seem to lead the basket, so it would easier to draw some S/R and TL on those charts to help with entries.
  • #1,614
  • Apr 23, 2010 3:45pm Apr 23, 2010 3:45pm
Hi dr_zeus,

If i may involve, gj is engine of the BTS, second engine is ej, but uj absolutelly not.Today's rising of the uj is exeption.Using S/R and TL is very good method for trading and much much profitable.Draw it on high tf - 4h and larger.
Quoting dr_zeus
Hurray.

Took another $375 profit on Long Basket ($5000 account) today. Still just getting used to the mechanics of opening trades, looking the BI indicator and Orest indicator. The puts me up $430 on the week with two good baskets and one bad one (my fault really, wasn't a good entry).

Am I right in saying that GBPJPY and USDJPY are the main pairs to watch as well? They seem to lead the basket, so it would easier to draw some S/R and TL on those charts to help with entries.

Now it's time to look into trade managers.
  • #1,615
  • Apr 23, 2010 4:06pm Apr 23, 2010 4:06pm
Now i got what i need. sooner or later I'm going to go short. too late for a good long now. maybe a short run for a long but too risky for me. waiting till next week.

have a great weekend!
  • #1,616
  • Edited 11:15pm Apr 23, 2010 4:12pm | Edited 11:15pm
Don,

Everything with Samir indic is in order, no missing pairs, no 0’s and so on.Tahnks for alerting.
The attachments are for trading months of March and begining of the April.And todays positions on demo.

Regards



Quoting disbellj
Empori,


Attached Image(s) (click to enlarge)
Click to Enlarge Name: statement months March&April.GIF Size: 21 KB
Click to Enlarge Name: 150410.gif Size: 99 KB
  • #1,617
  • Edited 5:52pm Apr 23, 2010 5:40pm | Edited 5:52pm
Empori,

You are quite correct, I am wrong. I got you confused with someone else who contacted me at about the same time via private message. I have changed my post above. The other individual asked me to make alerts for orest, of which I didn't respond, mainly because I had already voiced that I had no interest in changing Orest's indicator unless I did so for myself. It was Orest's code, and if the person needs alerts, they need to get with him. I just felt it was in bad taste and bad timing because:
1. I had already voiced I wasn't doing anything with Orest indiactor, and didn't use it.
2. I had just said I was enjoying a much needed vacation, and so the timing was like "let an SOB have a break, k?!"

So sorry. You are absolutely correct on the private message thing.

As far as the "jumping basket" and your rules not being Julius', it would have GREATLY helped if you started out like that instead of posting something which clearly showed 0 values in the midst of negatives, which shows that there is something wrong with a pair missing or something. It also looked like you were saying you were using Julius' rules, and it was clear that this was not the case. A picture says a 1,000 words.

And actually, thinking about it now, just like I have a problem in my backtest indicator where if two prices are the same, the pair's name goes blank, it looks like Samir has a similar problem. At that place where 0 is in the lineup in your picture (look, it is there), it could be where that pair that is blank and 0 is actually a pair that has a value the same as one of the pairs on either side of it (top or bottom of it). This would make sense. But the other problem it could be is missing a pair, in which case I would say what I said: Make sure you're using a broker that has IBFX pairs if that is what Samir is set up to use.

Regards,

Don
  • #1,618
  • Apr 23, 2010 8:09pm Apr 23, 2010 8:09pm
Quoting Empori
Hi dr_zeus,

If i may involve, gj is engine of the BTS, second engine is ej, but uj absolutelly not.Today's rising of the uj is exeption.Using S/R and TL is very good method for trading and much much profitable.Draw it on high tf - 4h and larger.
Thanks Empori and Charvo.

Yeah, it makes sense the uj wouldn't be the "engine" of BTS since it does its own thing most of the time. I'll look at the 4H and 1D charts of gy and ey. I've had good luck the past few months trading hand drawn S/R and TL on eurusd so I'm confident I can do the same with the jpy pairs.
  • #1,619
  • Apr 23, 2010 10:11pm Apr 23, 2010 10:11pm
Quote
i, Banana:

T101's original rules seem not for entries in early week (sunday evening or monday morning), because it usually takes 10 hours (maybe) for the basket to show the pattern/setup.

now i see you entered at very early stage, only 2 or 3 hours since Sunday open, at that time, if entry, will it be very possible that market may easily reverse? can you please talk about why you entered that early? how do you determine the risk for entering early?

thanks.

actually, i feel that your 2nd basket is more like a T101 entry. (I do understand...

when i see 7 buy on top, 7 sell on bottom, i enter the trade,
i dont care about the reversal or the time frame, because i already defined my stop lost , 50 pips/pair/0.1 lot
  • #1,620
  • Apr 23, 2010 11:07pm Apr 23, 2010 11:07pm
To observe eurusd is not bad, but mainly are JPY's, especially gbpjpy There are a indicator of group of JPY's, which show us when it doing weak and going strong ("JPY Basket Pulse").But i never use it, try your self to use if you want.Perhaps will help you to determine weak and strong levels.Seems look like macd indic.
I'am not sure abt the tf, put it on 4h and make experiments till finding comfortable tf for you.Ofcourse lower tf's is not recomended

Quoting dr_zeus
Thanks Empori and Charvo.

Yeah, it makes sense the uj wouldn't be the "engine" of BTS since it does its own thing most of the time. I'll look at the 4H and 1D charts of gy and ey. I've had good luck the past few months trading hand drawn S/R and TL on eurusd so I'm confident I can do the same with the jpy pairs.
Attached File(s)
File Type: mq4 JPY_Basket_Pulse.mq4   9 KB | 570 downloads
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