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Indicators development for T101's not very simple method

  • #1,681
  • Apr 28, 2010 12:19pm Apr 28, 2010 12:19pm
the anchor_spread indicator subtracts maximum pair's value from minimum pair's value, to see the "gap" or "spread" between anchor pairs.

However, I see this as backwards. To me, it should subtract min from max, not max from min. Anyways, when done like I think it should be, I might as well get rid of it and just look at BuyAll line, since they look close when anchor_spread is done like I think.

I think you're the only one using anchor spread indi.

Regards,

Don


Quoting dr_zeus
Here's an image of my current short basket....
  • #1,682
  • Edited Apr 29, 2010 7:39am Apr 28, 2010 8:39pm | Edited Apr 29, 2010 7:39am
zznbrm,

That looks so nice. I can't stop looking at it.

Maybe I can help. Not sure, but it's worth a shot.

What you have already done it truly impressive to me. I'm wondering what I'm doing wrong myself. If you've gotten that far, it doesn't seem like it should take much to make it update. I'm more than willing to take a look, although I may not be able to help with it. I can send you my code if you need it.

Regards,

Don


Quoting zznbrm
disbellj & hazelj80,

I'll try to update the script I use to generate the basket charts so you guys can try it out. The script currently has some hard-coded values for my broker and has some bugs with live updating of the chart.

In the meantime, here is the data for 2010 in US Eastern Time so you can check it out for yourself and see if it is useful.

Extract the files from the zip and save to your MT4 history folder.

Thanks...zznbrm
  • #1,683
  • Apr 29, 2010 5:38pm Apr 29, 2010 5:38pm
Hello members;

It has been easier and easier to catch the one large move (600-2000 pips/week) using the T101 trading system. I have been using it for
a long time now. But I want to learn more and become more efficient. I have a question for those who are experienced if I may.

In order to use the tandem jumps technique, the pairs must be settled.
Now the IA's that are open for more than a week are best settled ones.
Can we use those old IAs instead of the current week's one???

And can you guys enlighten me how a jump occurs...
Is it when the pair goes up, switches a place with an opposite pair
and there is a certain number of pips between the two or some
other method???
Or can you lead to me to post where this is widely discussed...
I read the original thread tons of times............


Thank you guys

Good luck
  • #1,684
  • Apr 30, 2010 5:02am Apr 30, 2010 5:02am
up 2894 pips for the week LIVE

http://jtenterprisellc.mt4stats.com/

for me, that translates to 54% return on my balance. long trades went good like I said. now waiting for short. patience pays off. maybe in the next4 -8 hrs I'll get a pinbar on the basketbars. If not, I'll wait till Sunday. it's gonna be a selloff next week. i cant wait to double my money most likely. NFP weeks are the best!

hope everybody had a good trade week! later!
  • #1,685
  • Apr 30, 2010 7:37am Apr 30, 2010 7:37am
Quoting hazelj80
up 2894 pips for the week LIVE

http://jtenterprisellc.mt4stats.com/

for me, that translates to 54% return on my balance. long trades went good like I said. now waiting for short. patience pays off. maybe in the next4 -8 hrs I'll get a pinbar on the basketbars. If not, I'll wait till Sunday. it's gonna be a selloff next week. i cant wait to double my money most likely. NFP weeks are the best!

hope everybody had a good trade week! later!
'Grats hazel. I'm a noob at t101 so this week was rougher for me. Slightly positive, but I'm still not confident about the signals and which ones to take. It's easier to see what I should have done versus what I should do right now.
  • #1,686
  • Apr 30, 2010 8:20am Apr 30, 2010 8:20am
I sold minutes ago (gmt +2)
  • #1,687
  • Apr 30, 2010 8:39am Apr 30, 2010 8:39am
I sold also basicly on the turn of the gbpjpy
How did you view the Samir when it was saying long strong ?


Quoting Empori
I sold minutes ago (gmt +2)
  • #1,688
  • Apr 30, 2010 8:51am Apr 30, 2010 8:51am
I do not use Samir and for time being deinstaled in order to not confusing me
I sold on base of strong falling of the g/j too.The script/ea closed all in 10 usd profit.


Quoting toddanderson
I sold also basicly on the turn of the gbpjpy
How did you view the Samir when it was saying long strong ?
Attached Image (click to enlarge)
Click to Enlarge Name: today sell.gif Size: 107 KB
  • #1,689
  • Apr 30, 2010 9:14am Apr 30, 2010 9:14am
Tod, forget to told you that i consulted with "JPY Basket Pulse" indicator too.
Now i have second sell for today.Sl is 56 usd, tp is 56 also.
Attached Image (click to enlarge)
Click to Enlarge Name: today's second sell.gif Size: 115 KB
  • #1,690
  • Apr 30, 2010 9:22am Apr 30, 2010 9:22am
Too fast...i closed to 30 usd profit, no time for watching, leaving now.
  • #1,691
  • Apr 30, 2010 9:40am Apr 30, 2010 9:40am
Quoting hazelj80
up 2894 pips for the week LIVE

http://jtenterprisellc.mt4stats.com/

for me, that translates to 54% return on my balance. long trades went good like I said. now waiting for short. patience pays off. maybe in the next4 -8 hrs I'll get a pinbar on the basketbars. If not, I'll wait till Sunday. it's gonna be a selloff next week. i cant wait to double my money most likely. NFP weeks are the best!

hope everybody had a good trade week! later!
good week for you 2894 thats a whole lot of pips, Hazel keep repeating exactly what you did this week and in no time you will be very very rich.

I got slightly above that too. You MT4 stats is very impressive, we are gradually getting around BTS

have a very nice weekend

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #1,692
  • Apr 30, 2010 10:20am Apr 30, 2010 10:20am
hazel,

Looking at your MT4 stats, it looks like you started trading 20cent pips with a $300 balance. Since t101 has a 540 pip stoploss, this means you are risking 1/3 of your account on a single trading signal.

I think this is too risky. Are you going to reduce your risk as your account size grows, or do you feel like this is a manageable risk level for you?

If you only risked 3% for instance, then your return would be $88, which is a still impressive 29% return. This would also give you flexibility to be wrong a few times in a row and still make a nice profit.

Edit below:
I added a screenshot of my late short. The T101 indi's at the bottom show a move south, and Yen pairs are clearly going down. There's a possible pin bar though, so that makes this risky and not an entry I'd take on a live account.

This breaks a couple of my rules: no trading after London session on Friday unless the move is big, and wait for a good retrace if I'm late getting into a move. If there's one thing this thread needs, it's examples of bad entries. I can provide that.
Attached Image (click to enlarge)
Click to Enlarge Name: t101 late entry.JPG Size: 216 KB
  • #1,693
  • Apr 30, 2010 11:23am Apr 30, 2010 11:23am
i probably wont need to reduce it really. my trades never go against me more than 200-250 pips. but I make well over 1000. so i am looking at my R:R more than what total risk could theoretically be which is obviously more than 2:1.

Also, it's because of how my entries are. I would not use the basket indicator because it will lag and then you will miss most of everything anyways. I was in trades before the samir, busvssells or anything told you to go long or short

also, beacause I'm on a larger TF, being wrong may not really ever be a problem. yes there were times in the history I downloaded it will go against you and you'll get scared, but it turns right around and you make money. pinbars in that indicator do not lie IF they are used correctly. not even news can stop you.

yeah, I'd def wait on a short trade although that's most likely the direction for next week.
  • #1,694
  • Apr 30, 2010 11:25am Apr 30, 2010 11:25am
Quoting hazelj80
i probably wont need to reduce it really....

You just looked at G/J 4H pin bar right???
  • #1,695
  • Apr 30, 2010 11:37am Apr 30, 2010 11:37am
no, i did not look yet. I don't look at an individual pair to make a decision, but rather all pairs on average to make my decision. if the basktbars makes a pinbar, I will enter. if it doesn't, i will stay aside.

reason i don't look at individual pairs is simple; yes, it seems that a lot of the time, the GBP/JPY is the leader or leading indicator of the whole group. but one day, it could b different and change on you. markets change all the time but the price action in general does not change. so that's why i do things the way i do. i do have charts open for all pairs and i take a look at which direction they're heading but i try not to say that one pair or another will lead the basket. if I were to use anything i guess, it would be gold against the USD pairs since they are closely related
  • #1,696
  • Apr 30, 2010 11:46am Apr 30, 2010 11:46am
Quoting hazelj80
no, i did not look yet....
So you mostly use Basketbars pin bars? What else do you use
  • #1,697
  • Apr 30, 2010 12:05pm Apr 30, 2010 12:05pm
the other indicator that don doesn't want posted or want to post yet. it is a semafors basket indicator. it has not been fully tested but seems to work very well on higher (h4 and above) Tf's the lower Tf's causes problem not with repainting but not reading correctly..I believe it reads correctly on higher Tf's or else I'd be losing badly.
  • #1,698
  • Apr 30, 2010 12:22pm Apr 30, 2010 12:22pm
Quoting hazelj80
the other indicator that don doesn't want posted or want to post yet. it is a semafors basket indicator. it has not been fully tested but seems to work very well on higher (h4 and above) Tf's the lower Tf's causes problem not with repainting but not reading correctly..I believe it reads correctly on higher Tf's or else I'd be losing badly.


can you show me the pin bar you saw on the basketBars indicator? i see G/J pin bar but not on the indicator. That looks like a Doji. The indicator Don posted is still available on this thread? Can you guide us to its location?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: pinbar.gif Size: 21 KB
  • #1,699
  • Apr 30, 2010 12:58pm Apr 30, 2010 12:58pm
Is based on JPY Pulse?
Can you kindly share a graphic for do this?

Thanks in advance...


Quoting Empori
I do not use Samir and for time being deinstaled in order to not confusing me
I sold on base of strong falling of the g/j too.The script/ea closed all in 10 usd profit.
  • #1,700
  • Edited 1:40pm Apr 30, 2010 1:17pm | Edited 1:40pm
look at when the baketbars closes. it should form a pinbar. meaning that it will close red and it has on my platform, stating that is a possible short. So I am short now. if it closes 38.2% below the range of the last green bar, it will be red. that, by definition is similar to a pinbar. you have to look at what smjones was trying to say

disbelj will have to want to give you this indicator and if he doesn't, i wont post it here. you wont find it anywhere. sorry I cannot help anyone with that at this point

oh, and my balance was not started at 300.00 it was more than 2 times what you see
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