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Indicators development for T101's not very simple method

  • #1,941
  • May 12, 2010 9:08pm May 12, 2010 9:08pm
Kos,

I see. Sorry for nitpicking. You've done really great trading this strategy. BTW I really appreciate your posts.

Regards,

Don


Quoting Kosomolate
Don,
what I meant was that I used 0.01 lot size and the profit in $$ is 35, which is 10 pips = 1 dollar. Therefore 35 dollars X 10 = 350 pips. alpariUK 0.01 is the smallest size and its not cent account.

Hope I am clear now

kos
  • #1,942
  • May 12, 2010 11:02pm May 12, 2010 11:02pm
This week's Orest EA v1.18's reading is terribly different from both Don and Samir's indicator.

Since Don's and Samir's are very close to each other. I believe that Orest EA's reading has some serious mistake in calculation in addition to spread calculation error mentioned by Don previously.

didn't have time to look into the coding, but very likely due to wrong taking of Sunday open time.

However, the Orest EA's developing pattern over multi-timeframe is still of great value to trading as always.
  • #1,943
  • May 13, 2010 2:26am May 13, 2010 2:26am
can anyone give this a shot?

what is it up to? are we waiting for short or long

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #1,944
  • May 13, 2010 7:48am May 13, 2010 7:48am
I hate sleep.

Waiting for a good bounce to get in the short trade. Triangle has broken south, 133 is a good target, possibly lower.

My earlier entry earned me a few dollars - I held it too long and let most of the profits slip away but at least I got something out of it.
  • #1,945
  • May 13, 2010 8:43am May 13, 2010 8:43am
We are hitting support on a monthly T101 candle chart. That's about all I can say right now. So I'm watching it. Actually zoomed all the way in, it looks like a little bit above support. About 555 pips below where price is now is where the trendline support sits on MN1.

Regards,

Don


Quoting Kosomolate
can anyone give this a shot?

what is it up to? are we waiting for short or long

kos
  • #1,946
  • May 13, 2010 9:07am May 13, 2010 9:07am
Price broke downside and as the bar closed I SHORT the basket, and got out with +310pips not bad for 1HR job.

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #1,947
  • Edited 10:44am May 13, 2010 10:26am | Edited 10:44am
Good job Kos!

Just adding pics of what I'm seeing on different timeframes MN1,W1,D1,H4,H1.

Just added sell trades on the green candle because on H1 resistance was met. We''ll see if it pays off at all. Not live, just demo. I got multiple indi's on there, but doesn't mean I'm using them all.

First profit-locking target of $45 met on demo. Lots and profit-locking target are tied together in my profit-locking EA so I don't have to think about it. This is 9 micro lots per pair (about $0.90/pip), so only about 50 pips locked so far. Have some locked though allows me to walk away now and let it do what it's going to do. Now $99/approx. 110 pips locked (99/.90 = 110). OK, I'll quit watching for now. Well, as soon as I say that, there's profit-locked now of $189, so about 210 pips. OK, it closed them now. So got right under 200 pips probably (got other trades I did earlier in demo and don't want to do the math for those as well, so being lazy here). Not bad for 16 minutes (I was doing other things really until this, I just saw an opportunity and took it while looking at charts trying to see bigger picture). BTW, this was on just under $5,000 demo account (so using my MM, for can trade basically 1 mini lot per pair given Julius' stoploss and 5,000 account balance).

Regards,

Don


Quoting Kosomolate
Price broke downside and as the bar closed I SHORT the basket, and got out with +310pips not bad for 1HR job.

kos
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  • #1,948
  • Edited 12:35pm May 13, 2010 12:06pm | Edited 12:35pm
Here's another pic of a trade I took about 10 minutes ago using a new indicator T101 AFIRMA (made Fisher Transform and AFIRMA to be T101. Candles should show on each, but something needs fixed to make it do so I guess). Got in early when AFIRMA was pointing up, so I got in near low of last candle that shows green in pic (was red at time I got in). Got $99 locked, so 99/.90 = 110 pips approx. Demo again. LOL 10 minutes ago my butt. HAHAHA. This is what coding will do to you. It was more like 50 minutes that the trade lasted, from 12:17 PM Eastern to 1:07 PM Eastern. Got kicked out at profit-lock it was at, but could have got in for more pips. looks like a young uptrend on H1. In fact, I would have made as much this bar as last bar if I would have gotten back in when kicked out with profit-lock on last trade.

Regards,

Don
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  • #1,949
  • May 13, 2010 1:35pm May 13, 2010 1:35pm
Nice set of indis you guys are running.

I guess my major problem is not taking profit when it's there. What do you all think you are averaging per trade? When I see a risk of 500 pips, I want to win at least 500 pips, but it looks like 200 pips is a more reasonable target. Beyond that is a matter of being able to get into a strong trend early and ride it out.
  • #1,950
  • Edited 1:53pm May 13, 2010 1:41pm | Edited 1:53pm
I'm just using Julius' stoploss he said. But you don't have to if your strategy uses a different one. The way I look at it, if I don't let losers go against me, I can play all day long and use profit-locking for watch trade, and I won't be losing 560 pips on any of the trades. Especially on H1, I should see price going against me before then. The 560 pips is for MM to me, so I don't risk too much. That doesn't mean I actually intend to lose that much (and won't unless I have one of those "I can't close this trade until it about kills me" moments. That's why I like profit-locking, even if profit is low. BTW, if anyone thinks that I don't have those moments, my chest still hurts almost constantly from the pain I suffered last Thursday when I lost over 60% of my account when all was said and done. Which is why I'm on demo again).

Now, would I like to relax more and play higher timeframes and not use profit-locking? Yes. But I haven't gotten there yet, and have too much time on my hands sitting at a place 8 hours a day not doing much of anything, if anything. Hard to look at H4 charts at this time to me.

BTW, I'm in another trade and $45 locked. $45/.90(per pip) = 50 pips locked. This time a sell when the GBPJPY didn't want to make a new high, went under trendline (I was patient and really gave it a chance to go above and stay above first, and it wouldn't), so I sold all. OK, now $99 locked.

Regards,

Don


Quoting dr_zeus
Nice set of indis you guys are running.

I guess my major problem is not taking profit when it's there. What do you all think you are averaging per trade? When I see a risk of 500 pips, I want to win at least 500 pips, but it looks like 200 pips is a more reasonable target. Beyond that is a matter of being able to get into a strong trend early and ride it out.
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  • #1,951
  • May 13, 2010 2:42pm May 13, 2010 2:42pm
Quoting hazelj80
I have made 78% this week. total account increase...328% since last week. I expect the same next week. about 100% or above live stats
hazel, it appears you've wiped your account, what happened?
  • #1,952
  • Edited 4:39pm May 13, 2010 4:28pm | Edited 4:39pm
re entered SHORT again and got +600 pips, that makes the total of +900 pips for the day.

My SL is -560 pips as prescribed by Julius.

BI_T101_OTR is gaining my trust gradually, only that it LAGS big time, and I dont think anything can be done about that, so I live with it.

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #1,953
  • Edited 5:33pm May 13, 2010 4:35pm | Edited 5:33pm
Quoting Kosomolate
re entered SHORT again and got +500 pips, that makes the total of +800 pips for the day.

My SL is -560 pips as prescribed by Julius.

BI_T101_OTR is gaining my trust gradually, only that it LAGS big time, and I dont think anything can be done about that, so I live with it.

kos
great job kos! I now see the short you had. it started like last night. I have dropped regular charts, thanks to zznbrm's instructions on how to use and set up the basketcharts I get a much more clearer picture. they are extremely versatile. you can make ANY basket you want! it's awesome!

I am on the H4 basket with regular semafors and the on-chart version of basketbars v1.5 indicators. so many great trades have been missed and now i know where my mistakes lie at because of these charts.
  • #1,954
  • Edited May 14, 2010 7:48am May 13, 2010 4:48pm | Edited May 14, 2010 7:48am
Quoting disbellj
Mike,

This is why I created my T101_backtest indicator. Search for it in the forum attachments, or when I get time, I can give you link to it.
Don
Thank you disbellj, I am looking into it, very clever idea.


That fisher transform indicator from your last post looks very promising too...

I am still holding my position (whole basket short /original pairs/ from 137.80 GBPJPY), took some profit at 136.00 and truly hoping it can make it to 134.00 which looks like important SR from 7th May. We'll see...
  • #1,955
  • May 13, 2010 4:54pm May 13, 2010 4:54pm
Congs! but it is often difficult to know what symbol your chart is.

Quoting Kosomolate
Price broke downside and as the bar closed I SHORT the basket, and got out with +310pips not bad for 1HR job.

kos
  • #1,956
  • May 13, 2010 5:03pm May 13, 2010 5:03pm
Quote
Originally posted by Charvo
Congs! but it is often difficult to know what symbol your chart is
.


Hi Charvo!

its GBPJPY 1HR TF always, it mirrors the general basket movement more than any other IMHO

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #1,957
  • May 13, 2010 6:43pm May 13, 2010 6:43pm
BAM! You go Kos!

I tell you one thing:
You do an awesome job with lagging indicators for sure!

I see that hazelj80 has gotten zz's offline charts to work. I must have misunderstood the instructions and haven't gotten them to work myself. If hazel can confirm some calculations being correct, etc., or tell me how to do it, then all these indicators I've mentioned that I've built custom, as hazel says, he's using the original versions on the offline chart, and it's the way that would be best to go IMHO. I just haven't gotten offline charts to work for me yet.

I hope with offline charts, the picture becomes clearer for us all.

Regards,

Don


Quoting Kosomolate
re entered SHORT again and got +600 pips, that makes the total of +900 pips for the day.

My SL is -560 pips as prescribed by Julius.

BI_T101_OTR is gaining my trust gradually, only that it LAGS big time, and I dont think anything can be done about that, so I live with it.

kos
  • #1,958
  • May 13, 2010 7:06pm May 13, 2010 7:06pm
I second this. I have not been able to get the basketbar charts to work either - hazel can you help?

Quoting disbellj
BAM! You go Kos!

I tell you one thing:
You do an awesome job with lagging indicators for sure!

I see that hazelj80 has gotten zz's offline charts to work. I must have misunderstood the instructions and haven't gotten them to work myself. If hazel can confirm some calculations being correct, etc., or tell me how to do it, then all these indicators I've mentioned that I've built custom, as hazel says, he's using the original versions on the offline chart, and it's the way that would be best to go IMHO. I just haven't gotten offline charts to work...
  • #1,959
  • May 13, 2010 7:09pm May 13, 2010 7:09pm
Quoting Kosomolate
re entered SHORT again and got +600 pips, that makes the total of +900 pips for the day.

My SL is -560 pips as prescribed by Julius.

BI_T101_OTR is gaining my trust gradually, only that it LAGS big time, and I dont think anything can be done about that, so I live with it.

kos
Very nice!

My day was pretty much the opposite. Missed entries, got in late, lost pips. I was -250 pips on one trade, and breakeven on the next. It's still a learning process.
  • #1,960
  • May 13, 2010 7:41pm May 13, 2010 7:41pm
Quoting disbellj
I just haven't gotten offline charts to work for me yet.
Did you read the instructions?

What's the problem?
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