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Indicators development for T101's not very simple method

  • #1,621
  • Edited Apr 24, 2010 1:38am Apr 23, 2010 11:33pm | Edited Apr 24, 2010 1:38am
Quoting dr_zeus
Thanks Empori and Charvo.

Yeah, it makes sense the uj wouldn't be the "engine" of BTS.
If uj is trending along with other jpy pairs it means that usd also could be appreciating. So it makes sense to trade only jpy pairs instead of all 14 since usd pairs could be heading down. I have seen this happen many times, it may not matter much in a strong trend, but if uj is ranging while other jpy pairs are trending, then it is favorable for basket trades. If jpy is not driving the market, then uj gives a better indication. No doubt GJ and causes the major difference to the overall profit.

EDIT:
There is new thread in tsd forum by Nopik on T101, which has some very refreshing ideas and analysis about BTS.
"Put all your efforts in becoming effortless"
  • #1,622
  • Edited 11:55pm Apr 23, 2010 11:35pm | Edited 11:55pm
Don,

Thank you for your answer!Fully accept your apologizes and i apologize too!Sorry if i was sharply!I already edited my previous post.

My style is described with few words 2-3 posts back - i use TL and S/R and experience where the price will move for the fixed period of time.Sometimes use other indicators, but not rare.

When the new week begin i take a look at Samir indic again.Now can't think, resting need

Have a great weekend!

Quoting disbellj
Empori,
  • #1,623
  • Apr 24, 2010 7:08am Apr 24, 2010 7:08am
Empori,

Thank you. Again, sorry for my rudeness before. You totally didn't deserve that. My mistake. My bad. My apologies.

So if using TL (trendline I assume) and S/R, I assume you're doing fine

Like has been said before, each one has their way of doing it if not going by T101 exact rules, and when you use tools like you're using, as Orest and banana has both shown Trendlines, Fibs, S/R, all work with the basket, and can be very profitable.

Regards,

Don


QUOTE=Empori;3667648]Don,

Thank you for your answer!Fully accept your apologizes and i apologize too!Sorry if i was sharply!I already edited my previous post.

My style is described with few words 2-3 posts back - i use TL and S/R and experience where the price will move for the fixed period of time.Sometimes use other indicators, but not rare.

When the new week begin i take a look at Samir indic again.Now can't think, resting need

Have a great weekend![/quote]
  • #1,624
  • Apr 24, 2010 1:12pm Apr 24, 2010 1:12pm
Banana, i know you are teasing us. you must be...

maybe there are some logical analysis too easy to tell, or gut feeling too elusive to elaborate, anyway, only 7 up and 7 down, then enter? that'll be a disaster.

for example,

Right after Sunday open, say, 10 minutes later,

you have this:

buy ej 5
buy gj 4
buy uj 3
...
sell nj -2
sell cj -4

then you enter a buy basket.

however, this ranking is NOT SIGNIFICANT enough to enter. it is like a few ants are in competition who has more weight. Or, like a few poor guys try to rank themselves who has a few more pennies while maybe 1 or 2 days later, some guy may have thousands of dollars.

on the other hand, if we see:

buy ej 150
buy gj 144
buy uj 123
...
sell nj -122
sell cj -134

with such pip differences, i think it is safe to enter, but to see this kind of ranking, usually it will be mid-day of Monday or even Tuesday.

hope you feel some of my murmuring.

Quoting banana9009
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
  • #1,625
  • Apr 25, 2010 9:31pm Apr 25, 2010 9:31pm
we have a 7 buy on TOP , and 7 sell on BOTTOM, so

we will buy ! it is 9:30 PM NY times here !
  • #1,626
  • Apr 26, 2010 8:28am Apr 26, 2010 8:28am
IBFX opened, but hadn't went to new week, but Buys went above last Buys high, so got in BuyAll trade. 0 GMT meant new week (and because in my personal version of BuysVsSells, I moved startdate and startbar code from end of init() to beginning start(), BuysVsSells reset itself to 0 at 0 GMT new week on IBFX). But I was already in Buy trades. Anyways, now BuysVsSells Buys crossed 0 upwards (which would trigger me in if not already in BuyAll).

Trading .02 (2 micro lots) each pair, it got up to $80 and locked in $62, which is where I got stopped out at. $62/0.20 (because each pip is worth about 20 cents each) = 310 pips.

Good start to the week, and actually if you look at BuysVsSells, have had 3 chances already for these kinds of gains - up, down, up, where I really just caught the first up.

Regards,

Don
  • #1,627
  • Apr 26, 2010 8:48am Apr 26, 2010 8:48am
Wow. I wish I had checked the market on Sunday, but I almost never trade on Sunday. Looking at the BI indicator, it looks like the basket is overbought now so maybe I should wait for a drop to enter.

Can anyone tell me how the BI indicator works? Does it show overbought/oversold levels like an oscillator, or are the values open on either end?

I've only found a compiled version and although it's apparent that good trades come from a cross, I'd like to know how it works "under the hood".
  • #1,628
  • Edited 12:43pm Apr 26, 2010 9:28am | Edited 12:43pm
It's like Julius' basket indicator, the two MAs are built by getting 5 SMA of each pair and adding together, or 10 SMA of each pair and adding together. So you don't see the actual profitline, but essentially 5 and 10 SMA's of the profitline.

If you used my BuyAll with 5 SMA AND 10 SMA it would essentially show the same on chart from what I've seen, except that you'd also see the profitline, which is what I'm most interested in. Edit: Actually just looked at these again and compared. When BuyAll profitline crosses 5 and 10 SMA on BuyAll indicator, that would be about same time as 5SMA and 10SMA crosses each other on BI. So they are different.

Regards,

Don


Quoting dr_zeus
Wow. I wish I had checked the market on Sunday, but I almost never trade on Sunday. Looking at the BI indicator, it looks like the basket is overbought now so maybe I should wait for a drop to enter.

Can anyone tell me how the BI indicator works? Does it show overbought/oversold levels like an oscillator, or are the values open on either end?

I've only found a compiled version and although it's apparent that good trades come from a cross, I'd like to know how it works "under the hood".
  • #1,629
  • Apr 26, 2010 9:35am Apr 26, 2010 9:35am
Don it is happenning now that jpy pairs are moving from top/bottom to the middle.

the little jpy bull run from last night seems over now.

next, we may wait for this week's true direction being determined.

Quoting disbellj
Regards,

Don
  • #1,630
  • Apr 26, 2010 9:40am Apr 26, 2010 9:40am
Quoting banana9009
we have a 7 buy on TOP , and 7 sell on BOTTOM, so

we will buy ! it is 9:30 PM NY times here !
this is a nice catch, but risky, sort of. guess you stopped out with a locked profit.

this is what i mentioned, when buy pairs rank on top with less than 100 pip profit, it might not be significantly valid.
  • #1,631
  • Apr 26, 2010 11:34am Apr 26, 2010 11:34am
sell is ok, but i have to say:
1. it is a guess, not "following the market move"
2. ur decision is not really made on T101 system, but more on other indicators.

it is advisable to me, to wait till Tuesday of Asian.

Quoting hazelj80
OK,...
  • #1,632
  • Apr 26, 2010 12:19pm Apr 26, 2010 12:19pm
Could you please post t101buyall master Ia Semafor indicator or direct me where to find it

thank you

Quoting hazelj80
OK,...
  • #1,633
  • Apr 26, 2010 12:38pm Apr 26, 2010 12:38pm
Quoting disbellj
It's like Julius' basket indicator, the two MAs are built by getting 5 SMA of each pair and adding together, or 10 SMA of each pair and adding together. So you don't see the actual profitline, but essentially 5 and 10 SMA's of the profitline.

If you used my BuyAll with 5 SMA AND 10 SMA it would essentially show the same on chart from what I've seen, except that you'd also see the profitline, which is what I'm most interested in.

Regards,

Don
Hi disbellj, I was wondering if you have bought any of Julius' courses? Also do you use any of his custom indicators that he sells?

Cheers
  • #1,634
  • Apr 26, 2010 12:41pm Apr 26, 2010 12:41pm
charvo,

1st pic shows manual backtest to end 3 hours ago (about same time you posted), and 2nd pic shows now. If you look at BuysVsSells, it had already gone down quite a bit before 3 hours ago.

Regards,

Don


Quoting charvo
Don it is happenning now that jpy pairs are moving from top/bottom to the middle.

the little jpy bull run from last night seems over now.

next, we may wait for this week's true direction being determined.
Attached Image(s) (click to enlarge)
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  • #1,635
  • Apr 26, 2010 12:49pm Apr 26, 2010 12:49pm
noncompute,

I haven't taken any courses, no. Just read all his threads. I use indicators that are posted for free. If not, I make my own.

Regards,

Don


Quoting noncompute
Hi disbellj, I was wondering if you have bought any of Julius' courses? Also do you use any of his custom indicators that he sells?

Cheers
  • #1,636
  • Apr 26, 2010 12:55pm Apr 26, 2010 12:55pm
toddanderson,

I made the T101_BuyAll_MasterIA_Seamfors.

It is not intended for public consumption. Don't know if it will work the way I am trying to use it. hazelj80 just posted a pic, but I would rather not post the indicator.

The indicators I have posted are known by me to be fully working. I make many indicators that may never see the light of day. I test and if it's good, I may post it. If it does more harm than good (like this one has, although we've only tested it since last friday, but more losers than winners from it automated, yet it may pan out, I don't know, may need changes, I don't know).

It will have to be sufficient for people to use one or more of the many other indicators already out there for T101.

Regards,

Don


Quoting toddanderson
Could you please post t101buyall master Ia Semafor indicator or direct me where to find it

thank you
  • #1,637
  • Apr 26, 2010 1:13pm Apr 26, 2010 1:13pm
Thanks, Don!

Cannot see clearly every number on the chart... not sure about your point, are you saying that buysell basket curve can indicate the market direction?

Quoting disbellj
charvo,
1st pic shows manual backtest to end 3 hours ago (about same time you posted), and 2nd pic shows now. If you look at BuysVsSells, it had already gone down quite a bit before 3 hours ago.

Don
  • #1,638
  • Edited 2:03pm Apr 26, 2010 1:44pm | Edited 2:03pm
Charvo,

BuysVsSells numbers match numbers in Backtest indicator. Same info. Different view. All price action. So yes, If Buys is going up on BuysVsSells, Buys profit is going up, so if Buying All, profit would be going up. If Sells going up, if Selling All, profit would be going up.

So my point was that you see how BuysVsSells lost most of it's value before 3-4 hours ago, and it's been kinda ranging since? If your point was that the reversal was from Buys to Sells, I was saying BuysVsSells tells you this about an hour before you were saying a reversal was happening. See from the pics? The red vertical line was when you were talking about. See how the main drop was an hour before this? And since the big drop, it's been kinda ranging?

I'll say this: Each whole number you see equals about $1 if using Lots 0.1 on standard account or Lots 1 on mini account. This goes for both indicators. So you put in 1 in StartWeeksBack, see how high the whole numbers go? See the flow? That is what happened last week up until this point. If Buys went up 1,170 pips last week, imagine if Buying All (well, don't have to imagine, see what BuyAll line was last week and that how much you could have made if buying all from beginning of week.

Regards,

Don


Quoting charvo
Thanks, Don!

Cannot see clearly every number on the chart... not sure about your point, are you saying that buysell basket curve can indicate the market direction?
  • #1,639
  • Apr 26, 2010 2:14pm Apr 26, 2010 2:14pm
Quoting charvo
sell is ok, but i have to say:
1. it is a guess, not "following the market move"
2. ur decision is not really made on T101 system, but more on other indicators.

it is advisable to me, to wait till Tuesday of Asian.
all those pics and messages are deleted because the indicator itself is a non public one. the basketbars has been talked about before but no one seems to understand it so thanks to don, I had him fully translate what the code means in it since it uses 14 pairs. it was a,mde by smjones some time ago and posted way earlier in this thread:

"first IF statement looks to say: if price is going down and closed in
lower third of bar last bar, to make a green dot equal high of last
bar.
second IF statement look to say: if price is going up and closed in
top fourth of last bar, to make a red dot equal low of last bar.
these first 2 sound ass-backwards, so we must look further and hope to
make sense of this seeming nonsense.

third IF statement looks to say: if green dot bar before last, no
green dot last bar, and no red dot on last bar, then make last bar
have a green dot.
fourth IF statement looks to say: if red dot bar before last, no red
dot last bar, and no green dot on last bar, then make last bar have a
red dot.

for alerts:
if green dot on bar before last, and red dot on last bar, probable
LONG. (sounds backwards, but with his backwards code above, sounds
just right now)
if red dot on bar before last, and green dot on last bar, probable
SHORT. (sounds backwards, but with his backwards code above, sounds
just right now)

So he gives an alert when a dot closes with a different color, and as
long as the close is NOT in top fourth (above 76%) in downtrend, or as
long as close is NOT in bottom third of bar (below 38%) in uptrend, then bar"

notice that these numbers are FIB numbers

basically, it detects pinbars in the whole basket but you would need another confirmation for reversals. that's where another indicator might have to be used other than it although basketbars by itself is pure price action, not like the baksetindcator, which does lag X number of bars because it's a moving average of the basket. buysvssells as don pointed out, does not lag either
  • #1,640
  • Edited 3:41pm Apr 26, 2010 2:28pm | Edited 3:41pm
I kinda disagree with hazelj80 on basketbars myself. I don't see correlation with anything pin bar.

Pin bar stands for Pinocchio bar. It spikes in the direction it wants you to think price is going, but it is lying. If anything, where the Semafor is is likely the pin bar. If trading candlesticks and trying to think pinbar, you'd probably think of a hammer.

Edit: Actually, after looking at it again, smjones made a red dot if closing in lower 1/3 of bar basically, so after a top Semafor 3, then a red dot would basically be a pin bar. Good eye hazelj80.

Regards,

Don


Quoting hazelj80
all those pics and messages are deleted because the indicator itself is a non public one....
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