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Indicators development for T101's not very simple method

  • #1,801
  • May 4, 2010 4:03pm May 4, 2010 4:03pm
Ye, that's correct Kos.Very good advice.This question i ask my self from time to time, too.

I use this kind of 14 pairs because i used them from long time (several months).Other reason is that in the begining of the learning variations of the t101 method i found that when i use NZD/J+U the profits come quickly and tons, but the losses come with the same spead - quickly and tons.So, in this respect i decide to use original 14 pairs.

In next trades i will try with NZD.I saw it work perfectly to you.

Quoting Kosomolate
Empori,

your pairs are not universal, you would have maximised profit, at a point USDCAD and CADJPY were replaced with NZDJPY and NZDUSD because they used to spoil the whole basket.

Again, look at your profit, if you had reversed GBPCHF and USDCHF your profit would have been up with +60usd which is +120pips.

its like this whenever you SELL the basket, buy GBPCHF and USDCHF, whenever you BUY the basket then SELL EURGBP. I do it all the time and it works, kind of boost the profit, check my trade posts.

kos
  • #1,802
  • May 4, 2010 4:21pm May 4, 2010 4:21pm
Hi, Kos, please do me a favor.

Could you please confirm that you ALWAYS do this using same two pairs? or just often these two pairs, for example, today?

In other words, I thought that everytime you open a basket, the two pairs for reversal directions are NOT necessarily the same pairs. Am I wrong?

what I am doing now is to open a basket: 12 positions, and 2 reversal direction positions. like shown in the attached graph:

I sell a basket, because apparently the IA rank suggests so;
I then remove usdchf and gbpchf from the basket, and i buy these two instead(the top 2 positions in the graph). this is because usdchf and gbpchf is obviously in bullish trend as the IA rank suggests so. and yes, this is what T101 taught in original thread.

as a result, i have 14 positions.

I attached a script to open such a basket for anyone who might find it useful.
To use it:
if "AntiPos" is false, then only the 12 sell pos are opened, (2 losers are not traded);
if "AntiPos" is true, then the 2 buy pos are added;

my original thought is that everytime I open a basket, i have to manually input two loser pairs (today is gbpchf and usdchf). now Kos seems imply that it is always these two. Let's wait for his confirmation.


Quoting Kosomolate
its like this whenever you SELL the basket, buy GBPCHF and USDCHF, whenever you BUY the basket then SELL EURGBP. I do it all the time and it works, kind of boost the profit, check my trade posts.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: 122.jpg Size: 272 KB
Attached File(s)
File Type: mq4 T101_PlaceTrades_ibfx.mq4   7 KB | 454 downloads
  • #1,803
  • May 4, 2010 6:09pm May 4, 2010 6:09pm
Hey guys,

I've been trying to get the samir universal to send out an email when it changes to "LONG STRONG" and "SHORT STRONG". It does function but not correctly. It seems to want to send out an email every second and I don't know how to fix it. Is there anyone here who can fix this? BTW...I fixed the "STONG" typo.

Michael
Attached File(s)
File Type: ex4 A-Samir-UNIVERSAL with Email.ex4   34 KB | 567 downloads
File Type: mq4 A-Samir-UNIVERSAL with Email.mq4   20 KB | 675 downloads
  • #1,804
  • May 4, 2010 8:09pm May 4, 2010 8:09pm
A little while ago I got like a long fakeout. On 1hr basketbars signaled probable long and the basket indicator signaled a crossover AND all Orest timeframes below weekly and daily were long strong BUT Buysvssells were still pretty wide and not closing in so I skipped it.
  • #1,805
  • Edited 8:31pm May 4, 2010 8:21pm | Edited 8:31pm
Quoting charvo
Hi, Kos, please do me a favor.

Could you please confirm that you ALWAYS do this using same two pairs? or just often these two pairs, for example, today?

In other words, I thought that everytime you open a basket, the two pairs for reversal directions are NOT necessarily the same pairs. Am I wrong?

what I am doing now is to open a basket: 12 positions, and 2 reversal direction positions. like shown in the attached graph:

I sell a basket, because apparently the IA rank suggests so;
I then remove usdchf and gbpchf from the basket, and i...

I can confirm it's NOT ALWAYS THESE 2. just this week it is. last week, that was not the case. i ALWAYS trade 12 pairs one way and the eur/gbp usd/chf and usd/cad opposite. you can look at this picture here and see what's going on with the different groups and why i don't trade it any other way so i know why things go the way they do

http://cdn.forexfactory.com/attachme...2&d=1224246996


when i trade them this way, i can basically see what the banks are trying to do. if the trades are all winning, then i see that the banks all agree on a direction. if it looks like it does this week, then the banks may not agree. this being USD NFP week, you will get different results. my strongest pairs in my basket trade are usd/chf and eur/usd, this makes sense when you look at the news that has been happening which leads me to another conclusion:

that news is discounted into price action and is actually late. the only time that news would ever scare me is if we had another 9/11 or something. other than that, news just makes my trades go even better. that's the way it's supposed to work. news trading for us and for institutions is completely different. i don't know exactly how they do what they do but i do know it's different than how we play off of it, which is why i don't get heavy into fundamentals.

And i personally would not go long in this market yet. it's not done moving down by my account. like i said. it'll be done when the market says it is
  • #1,806
  • May 4, 2010 8:23pm May 4, 2010 8:23pm
Here is a PICTURE of an indicator I just made today. Tonight in the last hour, made $20.80 (approx. 208 pips) from top trendline to bottom trendline on last bar - first hour of H4 candle. The only reason I post the picture is this is indicator I'm using to make the calls, and to say how and why I did it. Resistance was tested and failed, so I shorted the basket. Took profit at bottom line when it was tested and failed and started going back up.

Just to show there are different ways to get in and out of the market and make some money. So that's $97 in last couple days on $450 account. 21.5% gain in a couple days. Name one bank that can beat it? Hello? Hello? Anyone? Anyone? Bueller? Bueller?

I think vs what I could get from a bank, I'll take the "risk" and manage my own money.

Regards,

Don
Attached Image (click to enlarge)
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  • #1,807
  • May 4, 2010 8:26pm May 4, 2010 8:26pm
now don, that's what i like to hear! 21% and nobody would believe you! they will tell you 10% a month is awesome. but when you do 10 times that in a month then they dont comprehend because they can't do it themselves. but we do! we all do! great job!
  • #1,808
  • May 4, 2010 8:30pm May 4, 2010 8:30pm
MichaelLee,

A simple trick I've found that's good is to do is this:

before init():
int a=0;

in "if" statement for alert, add to end:
&& Bars > a) {
put alert here
a = Bars;
}

Now a new alert won't sound on same bar.

Regards,

Don
  • #1,809
  • May 4, 2010 8:39pm May 4, 2010 8:39pm
Thank you hazelj!

Seeing you do it, and your affirmation, gave me hope that I could do it too, and lack of work for so long at work also gives me initiative. If the boss said I was let go tomorrow, I'd feel a lot better about it than I would have last week. And in reality, with how slow we've been, I wouldn't be surprised if it did happen anytime.

Regards,

Don


Quoting hazelj80
now don, that's what i like to hear! 21% and nobody would believe you! they will tell you 10% a month is awesome. but when you do 10 times that in a month then they dont comprehend because they can't do it themselves. but we do! we all do! great job!
  • #1,810
  • May 4, 2010 8:42pm May 4, 2010 8:42pm
yes, times are very rough and as we've seen with this method with it's introduction around the 2008 bank crisis, it will be recession-proof more than likely so I am confident that the ones who plug away all the time will be rewarded. that includes anyone here contributing and those whole learn as much as they can by reading.
  • #1,811
  • May 4, 2010 9:04pm May 4, 2010 9:04pm
Both of you guys have helped me understand the method better I think and I've found the buysvssells and the backtest indicator to be especially helpful.

Like my previous post said the buysvssells kindve saved me from blindly taking a signal on the 1H timeframe from the basketbars(And yeah I know you don't like this one on lower time frames Hazel ) and basket indicator.

This method just requires patience.

So thanks again to both of ya
  • #1,812
  • May 4, 2010 9:17pm May 4, 2010 9:17pm
i'd believe it for sure, hoho.

hope to see Your and Don's posts coming continuously to enlighten my learning.

Quoting hazelj80
now don, that's what i like to hear! 21% and nobody would believe you! they will tell you 10% a month is awesome. but when you do 10 times that in a month then they dont comprehend because they can't do it themselves. but we do! we all do! great job!
  • #1,813
  • May 4, 2010 9:27pm May 4, 2010 9:27pm
Deusomega,

Glad BuysVsSells helped keep you out of a bad trade. If people would look at this or Orest multi-TF and not just look at Samir LONG STRONG/SHORT STRONG, they would know that a trend can travel a thousand pips down or more in a LONG STRONG market. Direction of profit is what I track IF I was doing something. If it's profitable, I go ahead and do it. My emotions for awhile have been extremely sensitive, but if you control risk (get in short at top of bar, get in long at bottom of bar, setting tight SL), then profit will come. Profit is driven by price, so PRICE is KING. Watch that (and that's all ANY indicators are, except most put things on that LAG, which tells you what HAPPENED, not what IS HAPPENING). Learn to read price action, and it'll get to the point where you can pull money out of the market like water from a fountain. But two things: DON'T OVER-LEVERAGE. AND ALWAYS OBEY YOUR STOPS. If not, it might put you out of the market for awhile for fear. Losing 40% in a day on one pair (the day after making 18% in one day - on one pair) shook my world. That's why I love my MM automated and Julius' profit-locking I "enhanced", if I can't sit there and watch, I'm in profit and at least minimum is already locked, and don't know for sure which direction market is headed. When we hit past next 3, I'll try and hold on and start longer trades like hazel is already doing. That's what I'm working toward. But coming from background of scalper, so it may take a little time to learn to relax and let it be SOOO easy like it can be.

Regards,

Don

Quoting Deusomega
Both of you guys have helped me understand the method better I think and I've found the buysvssells and the backtest indicator to be especially helpful.

Like my previous post said the buysvssells kindve saved me from blindly taking a signal on the 1H timeframe from the basketbars(And yeah I know you don't like this one on lower time frames Hazel ) and basket indicator.

This method just requires patience.

So thanks again to both of ya
  • #1,814
  • May 4, 2010 9:57pm May 4, 2010 9:57pm
Quoting charvo
i'd believe it for sure, hoho.

hope to see Your and Don's posts coming continuously to enlighten my learning.

we are glad that you and everyone else is learning and posting what they see. because that's what it's about. trade what you see
  • #1,815
  • May 4, 2010 11:52pm May 4, 2010 11:52pm
Glad to hear that various different styles works and make profits for all of you/us.Let's move forward.
Falling of the market is huge, probably only some news will reverse the trend even just a little.
  • #1,816
  • May 5, 2010 12:59am May 5, 2010 12:59am
it may reverse but like I said, i would not go long if i was on a live account...and i am...not quite yet.
  • #1,817
  • May 5, 2010 1:07am May 5, 2010 1:07am
Quoting charvo
Hi, Kos, please do me a favor.

Could you please confirm that you ALWAYS do this using same two pairs? or just often these two pairs, for example, today?

now Kos seems imply that it is always these two. Let's wait for his confirmation.
Hi Charvo

very sorry for the late response. This thread is flying in pages

YES, I always do this, and it has been so good for me and see the basket posted.

whenever I BUY the basket I wait an hour to see if these party spoilers (Uchf/Gchf) would do their thing and I tell you they always DO so I just BUY them

And whenever I SELL the basket, I do the same to EURGBP and sometimes EURUSD

If I had not done that it would have cost me SWEET -400 GREEN pips

this is +1800 green and fresh pips, it went over 2500 but I didnt lock it, now I closed with +1800

I am not complaining anyway believe it or not this account started with 170 USD! now 968 USD what percentage is that in 3wks???

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #1,818
  • May 5, 2010 1:18am May 5, 2010 1:18am
that would be 569% !!!! haha you do better than all these wanna be professionals on the forum... that's how you trade right there! most of these guys with high post counts i don't consider real pros since most pros will not even bother with a forum unless it's their own
  • #1,819
  • May 5, 2010 1:28am May 5, 2010 1:28am
looks like tripple swap will be great he he
  • #1,820
  • May 5, 2010 1:56am May 5, 2010 1:56am
What profit locker do you use Kosmo?
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