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Indicators development for T101's not very simple method

  • #2,001
  • May 18, 2010 1:46pm May 18, 2010 1:46pm
zz,

First, I don't know if this problem has arisen because I sometimes shut down my platform or what, but...

I have the script on my chart, and all offline charts open, and on this H4 bar, it shows 13:00 as open time, and last bar shows 9:00 as open time.

Now if I open GBPJPY H4 chart, it shows 12:00 for this bar open time and 08:00 for last bar open time. I'm on MBT, so these are Eastern times.

Don't know if this is why my T101 indicators looked funky or what, and don't know if anyone else has seen this, but wanted to bring it to your attention.

Also, H1 offline chart shows 14:00 and so does GBPJPY online H1 chart, so H1 looks correct.

Regards,

Don
  • #2,002
  • May 18, 2010 1:50pm May 18, 2010 1:50pm
yes, don, this is how they work so ALL brokers open at teh same time on the H4 candle. even if the GMT time is completely different. this way, everybody who would use the same entry on different broker should get basically the exactly same trades opened at the same time because their indicator readings would be identical. not being off by one hr or so because the GMT time is different. it's like the great equalizer
  • #2,003
  • May 18, 2010 1:51pm May 18, 2010 1:51pm
Quoting hazelj80
make sure you've downloaded the history for all 14 original pairs by hitting F2 and then going to the symbol and and hittin the "download" button.
I would just add to this:
I click M1 for a pair and click "download" in history center.
if download the pair's M1 data.
I close history center and re-open it.
I click download again except this time it asks me if I want to recalculate all timeframes, so I say yes.
Now you have timeframes built on M1 (MetaQuotes) data for that pair.

Repeat for all pairs.

Then I would follow hazel's instructions he got from zz on use of zz's script.

As zz said, once history is built by his script for basket (all timeframes I think, except he doesn't do W1 and MN1), you shouldn't have to rebuild it (that's the thought anyways, we'll see if we can go without rebuilding history in reality only by testing and using). I guess it wouldn't be a bad idea to maybe back up the built history of the basket so you don't have to go through all this again?

Regards,

Don
  • #2,004
  • May 18, 2010 1:54pm May 18, 2010 1:54pm
hazelj80,

are you saying your H4 bar opened at 13:00 on the offline H4 chart, but 12:00 on an online pair's chart? I wouldn't think this is right.

I think I understand what you're saying, but perhaps you may have misunderstood what I was saying.

Regards,

Don


Quoting hazelj80
yes, don, this is how they work so ALL brokers open at teh same time on the H4 candle. even if the GMT time is completely different. this way, everybody who would use the same entry on different broker should get basically the exactly same trades opened at the same time because their indicator readings would be identical. not being off by one hr or so because the GMT time is different. it's like the great equalizer
  • #2,005
  • Edited 2:15pm May 18, 2010 1:58pm | Edited 2:15pm
on citi, the H4 basket candle opened at 18:00 GMT and on broco at 19:00 yet they open and close at the exact same time. seems correct to me.Is that what you were saying? because the candle will be reading a different GMT time but they will open all the same. so no discrepancies because i entered at 19:00 GMT and you enter at 14:00 EST. So yes, that is exactly what I am saying. now nobody can complain they got a different entry because there broker candle started differently. very ingenious!
  • #2,006
  • May 18, 2010 3:17pm May 18, 2010 3:17pm
no, what I'm saying is on one platform, I have candle on online chart saying H4 opened at 12:00 EST, but on same platform, same broker, on offline H4 basket chart, it says opened at 13:00 EST.

Regards,

Don


Quoting hazelj80
on citi, the H4 basket candle opened at 18:00 GMT and on broco at 19:00 yet they open and close at the exact same time. seems correct to me.Is that what you were saying? because the candle will be reading a different GMT time but they will open all the same. so no discrepancies because i entered at 19:00 GMT and you enter at 14:00 EST. So yes, that is exactly what I am saying. now nobody can complain they got a different entry because there broker candle started differently. very ingenious!
  • #2,007
  • May 18, 2010 3:30pm May 18, 2010 3:30pm
yes the script offsets that . that is how it works. the basket candles open at 2/6/10 pm/am no matter what broker you use. broker GMT/EST time is completely thrown out the window with these charts
  • #2,008
  • May 18, 2010 3:47pm May 18, 2010 3:47pm
OK. Guess I threw up a red flag for nothing. My bad.

Regards,

Don

Quoting hazelj80
yes the script offsets that . that is how it works. the basket candles open at 2/6/10 pm/am no matter what broker you use. broker GMT/EST time is completely thrown out the window with these charts
  • #2,009
  • May 18, 2010 3:51pm May 18, 2010 3:51pm
Quoting hazelj80
yes the script offsets that . that is how it works.
Yes, hazelj80 is correct. One of my assumptions (to make everything uniform between brokers and to make coding easier) is that the market opens at 1700 New York time (EST or EDT) on Sundays and closes at 1700 New York time (EST or EDT) on Fridays. So, H4 candles will always start at 1700, 2100, 0100, 0500, 0900, and 1300 New York time. Each week (except holiday weeks for Christmas and New Years) will always have 30 H4 candles and they will always be a full 4 hours each. The start hours for non-New York time brokers will be adjusted according to broker timezone locations and Daylight Saving Time settings.

The start hour for these basket H4 candles may be different than your broker's start hour for "regular" H4 candles.

IMO, this way of handling H4 gives "true" H4 market candles.
  • #2,010
  • May 18, 2010 4:49pm May 18, 2010 4:49pm
Quoting zznbrm
Yes, hazelj80 is correct. One of my assumptions (to make everything uniform between brokers and to make coding easier) is that the market opens at 1700 New York time (EST or EDT) on Sundays and closes at 1700 New York time (EST or EDT) on Fridays. So, H4 candles will always start at 1700, 2100, 0100, 0500, 0900, and 1300 New York time. Each week (except holiday weeks for Christmas and New Years) will always have 30 H4 candles and they will always be a full 4 hours each. The start hours for non-New York time brokers will be adjusted according to...
hey zz, does your script handle different brokers that are not listed in the script or would you need to have a list and their Sunday start times?? wont take long for me to do
  • #2,011
  • May 18, 2010 5:33pm May 18, 2010 5:33pm
Quoting hazelj80
hey zz, does your script handle different brokers that are not listed in the script or would you need to have a list and their Sunday start times?? wont take long for me to do
No, only those broker's listed.

I need two pieces of information for each broker you want me to add:

1) Broker Name - must be the broker name as specified by the TerminalCompany() function of MT4. There are 2 ways to get this:

a) Create a script that prints out the result of the TerminalCompany() function.

b) Go to the very bottom of your Journal tab. The very first line will give you the broker name we need. For example, for MBTrading, the 1st line of the journal tab says

MBT MetaTrader 4 4.00 build 226 started (MB Trading Futures, Inc.)

The broker name in this case is "MB Trading Futures, Inc."

2) The timezone of the broker's server.
  • #2,012
  • May 18, 2010 5:40pm May 18, 2010 5:40pm
great I'll PM you a full list. i know theres a GMT indicator out there and some of the indicators/ea's I've seen/had before have them. that's fairly easy. tedious but easy
  • #2,013
  • May 18, 2010 5:56pm May 18, 2010 5:56pm
Quoting hazelj80
great I'll PM you a full list. i know theres a GMT indicator out there and some of the indicators/ea's I've seen/had before have them. that's fairly easy. tedious but easy
I think we have a very nice list of supported brokers now. What broker(s) in particular do you want to add?
  • #2,014
  • May 18, 2010 7:05pm May 18, 2010 7:05pm
hey hazelj.... quick ea update.... trades from yesterday are still open..... however the psar and 50 ma's are at extreme distances , this will likely start closing some trades.....

as example the eurusd is over 1000 pips from its daily 50...... very rare..... psar is equally extreme....

little over 28k total pips now, was 30k pips at 1 point, perhaps higher..... i will code in to track the max total value..... each pairs total pips are listed..... not all pairs traded......

only the euraud is miss behaving.....

if you get a chance, would still like to see the trades at the exact moment of entry..... this could just as easily be typed out......

the way i'm doing it differs dramatically, would like to compare.......h

thanks......h
Attached Image (click to enlarge)
Click to Enlarge Name: hazelj16.gif Size: 23 KB
to trade and code, keep both simple... no call to impress....h
  • #2,015
  • May 18, 2010 10:09pm May 18, 2010 10:09pm
hayseed,

do you mean about 3,000 pips (not 30,000 - I wish)? How are you getting the numbers, and since when? I obviously am buying or selling all pairs in my BuysVsSells indicator. Are you doing something different than that?

Reasons I ask:
1. Since you are on 5 digit broker, that's points, not pips. 10 points to a pip.
2. I actually don't see where SellAll line in BuysVsSells has gone over $2048 (which it recently closed at, so that is still approx. 2,000 pips) if using 1.0 for Lots, since that equals about $1/pip on mini account.

I'm just wondering, although if you've gotten an EA to work, you surely have done something correct that I haven't been able to do. Kudos. Will you be sharing this EA once you find it consistent in doing what you want it to do?

Regards,

Don


Quoting hayseed
little over 28k total pips now, was 30k pips at 1 point, perhaps higher.....
  • #2,016
  • May 18, 2010 10:28pm May 18, 2010 10:28pm
hey don..... yes, 5 digit broker..... i'll code that beside the total pips figure so it will be clear in the future.....

yes i'm doing it very different..... same theory but very different approach....

the pair groups t101 first set out years ago never made any sense to me..... it's been changed many times but still is incorrect , at least in my mind...... the returns can be improved with a more logical group along with a more logical reason for buying or selling the group.....

that's why i would like to see the intial trades go in..... to compare .....

similar to what kos posted in post 1956.....h
to trade and code, keep both simple... no call to impress....h
  • #2,017
  • May 18, 2010 11:46pm May 18, 2010 11:46pm
Hi Kosomolate,

Hats off to you and thanks a lot for your guidance on this simple method thread.

Its really great to see the way you trade.

Will you be kind enough to share the indicators & templates with me on the below post. The chart looks very clean and neat.

http://www.forexfactory.com/showpost...postcount=1727

Thanks a lot in advance.

Happy Pipping http://cdn.forexfactory.com/images/s.../yim/happy.gif
Ganesh
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #2,018
  • Edited 12:53am May 19, 2010 12:38am | Edited 12:53am
hayseed,

I understand.

Julius did post on another forum (I thought, maybe this forum) about groups, to optimize.

Basically the picture he posted showed him basically trading USD and JPY in the same direction. For instance, if you buyall, pairs that end in JPY you buy will actually be selling JPY. Pairs that end in USD you buy will actually be selling USD. That's why pairs that end in USD are reversed from basket. Note: Julius counted USDJPY as JPY pair, not USD pair.

So you buy the basket, you sell USD and JPY. You sell the basket, you buy USD and JPY. There are only a few other pairs left, which Julius put in MIDS. He traded two with the basket, and one against the basket (I think EURGBP).

So although he came up with the baskets using a method that basically makes an imperfect hedge (each currency that is sold in one set, is bought in the same or other set, so that when done, all currencies are marked out/canceled out), he saw how it was more logical to trade groups. He just tried to make it easy especially for beginners by saying trade all one direction.

Actually here's the pic:
http://cdn.forexfactory.com/attachme...2&d=1224246996

In the pic, he is selling the basket (buying USD and JPY and a couple of the MIDS, and selling USDCHF and one of the MIDS EURGBP). You can see his groups in comments, and easily figure out what he's doing. Note: Those MIDS all lost in his example. I don't see why they would have to be traded really, unless someone can see a consistent way to do it other than buy them. I do trade USDCHF and EURGBP opposite of basket in my scripts because of what Julius posted though, until someone comes up with reasoning why not to I guess.

Regards,

Don


Quoting hayseed
hey don..... yes, 5 digit broker..... i'll code that beside the total pips figure so it will be clear in the future.....

yes i'm doing it very different..... same theory but very different approach....

the pair groups t101 first set out years ago never made any sense to me..... it's been changed many times but still is incorrect , at least in my mind...... the returns can be improved with a more logical group along with a more logical reason for buying or selling the group.....

that's why i would like to see the intial trades go in........
  • #2,019
  • May 19, 2010 12:46am May 19, 2010 12:46am
Quoting rpasupathy
Hi Kosomolate,

Hats off to you and thanks a lot for your guidance on this simple method thread.

Its really great to see the way you trade.

Will you be kind enough to share the indicators & templates with me on the below post. The chart looks very clean and neat.

http://www.forexfactory.com/showpost...postcount=1727

Thanks a lot in advance.

Happy Pipping http://cdn.forexfactory.com/images/s.../yim/happy.gif

Ganesh
Hi Ganesh!
sorry I couldnt reply your PM. Here is the .tpl and pick the indicators up from these links:

1. SAMIR virtual trades: http://www.forexfactory.com/showpost.php?p=3492503

2. BI_T101_OTR: http://www.forexfactory.com/showpost.php?p=3611979

3. TrendMagic: use the search box to look for it, its all over the place.
4. MACD: that you have already

kos
Attached File(s)
File Type: tpl ganesh t101.tpl   16 KB | 459 downloads
John 3:16 - From THIS love no power on earth can me sever.
  • #2,020
  • May 19, 2010 12:54am May 19, 2010 12:54am
zz,

Excellent.

Thank you very much.

Regards,

Don

Quoting zznbrm
Yes, hazelj80 is correct. One of my assumptions (to make everything uniform between brokers and to make coding easier) is that the market opens at 1700 New York time (EST or EDT) on Sundays and closes at 1700 New York time (EST or EDT) on Fridays. So, H4 candles will always start at 1700, 2100, 0100, 0500, 0900, and 1300 New York time. Each week (except holiday weeks for Christmas and New Years) will always have 30 H4 candles and they will always be a full 4 hours each. The start hours for non-New York time brokers will be adjusted according to...
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