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Indicators development for T101's not very simple method

  • #2,021
  • May 19, 2010 12:55am May 19, 2010 12:55am
Hi Kosomolate,

Thanks a lot for the indicators and template.

Hats off to you.

Happy Pipping

Ganesh
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #2,022
  • Edited 1:18am May 19, 2010 1:01am | Edited 1:18am
Quoting disbellj
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,...
this is true. you can win every trade in the basket easily IF your entry point is correct. you always do the opposite to the usd/chf eur/gbp (usd/cad if yu use originals) and you should be winning 13 or all 14 trades if the market moves far enough. if only like 9 or 10 are winning, it just means the market hasn't moved all the way yet. but it will, you just have to be patient. it's like it never fails to do it either IF you time the entries correct

@ zz there are a few other brokers like MFglobal (beta)
http://www.bostontechnologies.com/ (MF Global FX MT4 powered by BT) 20:00GMT Sunday start


ATG marketplex AKA arrontrade
http://www.aarontrade.com/html/metatrader_mt4.html (CFH Markets LTD) 20:00 GMT sunday start

the rest are here:

http://www.100forexbrokers.com/mt4-ecn-brokers
  • #2,023
  • May 19, 2010 2:30am May 19, 2010 2:30am
Hi!

A quickie, call it scalping if you like

as I type +100 pips locked already.

look at the blue circles for entry points and reasons

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #2,024
  • May 19, 2010 4:06am May 19, 2010 4:06am
Quoting Kosomolate
Hi!

A quickie, call it scalping if you like

as I type +100 pips locked already.

look at the blue circles for entry points and reasons

kos
a scalp but a nice one


when will the shorts ever end?!
  • #2,025
  • May 19, 2010 7:17am May 19, 2010 7:17am
Quoting disbellj
hayseed,

I understand.

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

hey don..... what's being done here now is distinctly different from what t101 did back then.... i wrote a ea for his original idea a day after his first post....

basket trading style is not new...... what yall, this new small group, have done is change the 't101 method' into something that might work consistanly day to day.....

with a clear definable signal like in kos's post 2027, we can write the ea.... i see the signal.... but without seeing the actual trades placed, the actual pairs and whether buy or sell, i am at a impase..... i need to see both the signal and the trades.....

do not underestimate this recent group, about 5 or 6 of yall, accomplishments.....

i added 5 digit broker to the ea, should have and will add demo in large letters.... max pips would be 4692 on a 4 digit broker..... the euraud is currently caught up in the unwind due to germany's short sale news.... otherwise it likely would be positive.....

the 5000/500 closed pips figure is due to 1 euraud hit it's 500 pip stoploss.......

and to your work here..... i post little, but read alot.......h
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to trade and code, keep both simple... no call to impress....h
  • #2,026
  • Edited 4:18pm May 19, 2010 7:55am | Edited 4:18pm
Update (v1.1):

- Fixed Data Fix bug
- Added user input called eblnOfflineEAs. When set to true (default), allow EAs to be run on basket offline charts
- Added ability to change refresh rate during script execution. I added a label called "BCS_RefreshRate" next to the Refresh Rate status line. During script execution, change the value of this label to your desired refresh rate.
- Fixed bug in calculation/drawing of upper TFs when M1 candle "crosses" into the next minute during the iteration.
- Other cosmetic updates
  • #2,027
  • May 19, 2010 10:58am May 19, 2010 10:58am
zz,

I was wondering something. Feel free to tell me why this won't work. Just an idea.

Let's say I shut down my platform. When I open it back up, I must manually put the script back on the chart, where if it was an EA and not a script, then if Expert Advisors was turned on when I shut MT4, then when MT4 reopened, all data would update automatically without me remembering to place the script again.

BIG kudos and THANKS for what you have done so far and given.

Regards,

Don

Quoting zznbrm
Update (v1.1):

- Fixed Data Fix bug
- Added user input called eblnOfflineEAs. When set to true (default), allow EAs to be run on basket offline charts
- Added ability to change refresh rate during script execution. I added a label called "BCS_RefreshRate" next to the Refresh Rate status line. During script execution, change the value of this label to your desired refresh rate.
- Fixed bug in calculation/drawing of upper TFs when M1 candle "crosses" into the next minute during the iteration.
- Other cosmetic updates
  • #2,028
  • May 19, 2010 11:43am May 19, 2010 11:43am
hayseed,

I know what you're saying. You need rules for signal (so pic Kos posted would do for that), and the reason for the actual trades is to see which pairs are traded which way.

There are other strategies here too. One I came up with just based on BuysVsSells Buys going above 0, or Sells going above 0, and using profit-locking. Simple. Could use 150 instead of 0. EURGBP and USDCHF opposite rest of basket for real trades.

Then you got profit-locking which I've enhanced to be scaling along with Lots. I've explained before how I enhanced it to scale before, but can post code if needed. Pretty simple really.

Regards,

Don


Quoting hayseed
hey don..... what's being done here now is distinctly different from what t101 did back then.... i wrote a ea for his original idea a day after his first post....

basket trading style is not new...... what yall, this new small group, have done is change the 't101 method' into something that might work consistanly day to day.....

with a clear definable signal like in kos's post 2027, we can write the ea.... i see the signal.... but without seeing the actual trades placed, the actual pairs and whether buy or sell, i am at a impase..... i...
  • #2,029
  • May 19, 2010 12:08pm May 19, 2010 12:08pm
Quoting disbellj
Let's say I shut down my platform. When I open it back up, I must manually put the script back on the chart, where if it was an EA and not a script, then if Expert Advisors was turned on when I shut MT4, then when MT4 reopened, all data would update automatically without me remembering to place the script again.
I weighed the pros and cons of using a script, EA, or indicator. I obviously chose script. The main reason is I wanted complete control over the frequency of updates (ie, refresh rate).

I see what you are saying about shutting down MT4, restarting, and then having to attach the script to the chart. But for me, this is a non-issue. For the most part, MT4 will remain running throughout the trading week.
  • #2,030
  • Edited 4:06pm May 19, 2010 12:12pm | Edited 4:06pm
went 11 long 3 short
  • #2,031
  • May 19, 2010 12:15pm May 19, 2010 12:15pm
zz,

Thanks. I'm still having to get used to using the old pairs again Since now IBFX has CADJPY (the reason for the IBFX pairs), even IBFX will be using the old pairs, and not the IBFX/Universal pairings.

Regards,

Don


Quoting zznbrm
I weighed the pros and cons of using a script, EA, or indicator. I obviously chose script. The main reason is I wanted complete control over the frequency of updates (ie, refresh rate).

I see what you are saying about shutting down MT4, restarting, and then having to attach the script to the chart. But for me, this is a non-issue. For the most part, MT4 will remain running throughout the trading week.
  • #2,032
  • Edited 2:49pm May 19, 2010 12:29pm | Edited 2:49pm
I went long too, except using Universal pairs instead of non-IBFX pairs, which hazel switched to due to zz's script. I haven't changed my EA's yet to default to non-IBFX pairs.

SO here's a pic of Almost same time except about 12 minutes later, and using IBFX/Universal pairs.

I guess since I chose to use MBT MT4 demo I might as well just skipped demoing. I get sick and tired of their demo and excuses. Today, just like yesterday, got trades on and guess what? Yesterday I couldn't close the trades. Today the damn thing locks up (only after getting into profit, just like yesterday, and so I close the demo, and when I open it back up, there is no connection!?!?!??). I'm not saying I have this problem on live, but if I can't test my strategy with them on demo and it be successful, why the hell do I want to trade with them? They need to get their sh*t together and stop f'ing with demos during trading hours. How f'ing thick are they in the head!?!?! Do they NOT understand that demo is important to test strategies, or do they simply not give a f'k!@?!? For thpse of you with sensitive ears, I apologize. I just can't stand that the ONE place I decided to put my real cash has the ABSOLUTE WORST DEMO EXPERIENCE OF THEM ALL!

Oh, now it's back. Happens all the time like this. They just disconnect the demo to "service" it whenever they feel like it. Guess I'm glad I wasn't trying to do profit-locking or actually care about the trades I put on demo. They said they'd pass along my concerns to the tech guy. Yeah, unless they get a wave of calls from frustrated and pissed off customers each time it happens, they'll keep treating demo as the red-headed step-child.

In fact, does ANYONE know of a broker I can use their demo I can use instead of MBT? I would like the alternative to use the same Eastern (New York) time that MBT does. Any recommendations are welcome. I will be glad to be live and take MB's money if they did try to trade against me, but frankly I'm tired of spinning my wheels over dealing with MBT demo crap.

Regards,

Don


Quoting hazelj80
went 11 long 3 short
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  • #2,033
  • May 19, 2010 3:04pm May 19, 2010 3:04pm
Hi Guys,

Hi HazelJ80 thanks for your advice from the other forum I met you on. Im happy that this method is still alive and being traded. I finally got through reading it all and well what can I say. Its definately been a journey by the looks of things a lot of pips gained/lost indicators/EA's being created here there and everywhere.

Im intrested to know what stage are you guys still trading it at? have you defined a strict set of rules and indi's to use or would you say it is still being developed. The one thing that surprised me was how the whole idea of watching the price alone got turned into all the indicators although I can see how some of them have been very useful.

Anyway im just intrested to hear how things are going and how long you have been trading this method with what success.

GL all.

Regards Rump.
  • #2,034
  • May 19, 2010 3:46pm May 19, 2010 3:46pm
Hello Zznbrm,

First of all, thank you for you kindness for sharing your brilliant indicator and hard work. Ver 1.1 works great on FXCM. Here are some feedbacks.

1. It doesn't work w/ PFG. It says "sorry the system couldn't determine your broker timezone". I'm running PFGBest.com 4.00 build 225. TerminalCompany() function gives "Peregrine Financial Group, Inc" (w/ no quotes), and timezone is GMT+2

2. Should there be extra basket name for IBFX and non-IBFX instead of auto detect from CADJPY? In this case, so I could manually choose both baskets on FXCM as they offer USDCAD, CADJPY, NZDJPY and NZDUSD.

3. I add Volume indicator, and it looks good. Basicly it's just combined volume of the basket, right?

Note to Don: I run both MBT live and demo. Live is good. Demo is bad.

Best Regards,
-Slowpork
  • #2,035
  • May 19, 2010 3:55pm May 19, 2010 3:55pm
Quoting rumpfunk
Hi Guys,

Hi HazelJ80 thanks for your advice from the other forum I met you on. Im happy that this method is still alive and being traded. I finally got through reading it all and well what can I say. Its definately been a journey by the looks of things a lot of pips gained/lost indicators/EA's being created here there and everywhere.

Im intrested to know what stage are you guys still trading it at? have you defined a strict set of rules and indi's to use or would you say it is still being developed. The one thing that surprised me was how...

well, it depends on your method of entry. you should not really be loosing much if ever at all if you're not scalping. you'd have have to be razor sharp to scalp this style of trading. I have seen gains in a week from anywhere form 78% to over 300% kos has done the same. banana9009 has done the same as well. but we are the few who do it LIVE.
  • #2,036
  • May 19, 2010 4:24pm May 19, 2010 4:24pm
your experiences are pityful.

try IBFX demo, it's easy and free. the thing with IBFX demo is that its data feed is very smooth, better than IBFX live. This could be a bad thing in fact.

I once tried some EAs that are profitable on IBFX demo but perform worse in Live (either IBFX or FXDD live). When on demo, datafeed quality is reliable to capture an entry signal in a timely manner, which is not the case for live.

anyway, for smooth demoing, try IBFX, it has all pairs, the only issue is that your EA/indicators need that postfix 'm'.

As to pairs of basket, I strongly doubt the validity of non-IBFX pairs(with cadjpy). IBFX pairs 's buy side and sell side are more balanced/hedged, so its movement is more indicative on market moves. Non-IBFX pairs basket, indeed correlated with IBFX basket, however, is more confusing on demonstrate the pairs movement within the basket.

Just my feeling, i feel that my comments are confusing maybe......

Quoting disbellj
In fact, does ANYONE know of a broker I can use their demo I can use instead of MBT? I would like the alternative to use the same Eastern (New York) time that MBT does. Any recommendations are welcome. I will be glad to be live and take MB's money if they did try to trade against me, but frankly I'm tired of spinning my wheels over dealing with MBT demo crap.

Regards,

Don
  • #2,037
  • May 19, 2010 4:36pm May 19, 2010 4:36pm
actually, the basket moves are about the same and the nzd/jpy normally has a higher spread than the cad/jpy. there really isn't a difference. the only reason Julius approved them is because people didn't have those CAD pairs. but if you look at buysvssells and switch back and fourth between the originals and universals, theres no real big difference. i can use either and still profit big
  • #2,038
  • May 19, 2010 5:06pm May 19, 2010 5:06pm
IBFX pairs is nzdjpy for sell side, while nzdusd for buy side.

however, for non-ibfx pairs, usdcad and cadjpy are on same side.

two baskets move similarly, yes.

however, if you want to see symmetric movement like all xxxjpy move to top/bottom, while all xxxusd move to middle simultaneously, IBFX basket is a little bit easier to watch.

well, no big difference though, but remember that if using USDCAD, then those unsure losers (eurgbp, eurchf) have 1 more candidate for you to tell everytime when you want to fire say, 11 long 3 short, should you include usdcad? you need to analyse, but if it is nzdusd, usually, it is normal pair don't deserve your doubt.

Quoting hazelj80
actually, the basket moves are about the same and the nzd/jpy normally has a higher spread than the cad/jpy. there really isn't a difference. the only reason Julius approved them is because people didn't have those CAD pairs. but if you look at buysvssells and switch back and fourth between the originals and universals, theres no real big difference. i can use either and still profit big
  • #2,039
  • May 19, 2010 5:34pm May 19, 2010 5:34pm
1. See link to version 1.2 below...hopefully fixes the PFG issue. I do not have PFG MT4 so I can't test it out. I also added 2 brokers hazelj requested.

http://www.forexfactory.com/showpost...70&postcount=1

2. Yes, there probably should. I had no idea IBFX has CADJPY now. It shows how much I use them! If I get some extra time I'll look into doing this - no promises though.

3. Yes

Quoting slowpork
1. It doesn't work w/ PFG.
2. Should there be extra basket name for IBFX and non-IBFX instead of auto detect from CADJPY?
3. I add Volume indicator, and it looks good. Basicly it's just combined volume of the basket, right?
  • #2,040
  • May 19, 2010 5:37pm May 19, 2010 5:37pm
Quoting charvo
IBFX pairs is nzdjpy for sell side, while nzdusd for buy side.

however, for non-ibfx pairs, usdcad and cadjpy are on same side.

two baskets move similarly, yes.

however, if you want to see symmetric movement like all xxxjpy move to top/bottom, while all xxxusd move to middle simultaneously, IBFX basket is a little bit easier to watch.

well, no big difference though, but remember that if using USDCAD, then those unsure losers (eurgbp, eurchf) have 1 more candidate for you to tell everytime when you want to fire say, 11 long 3 short,...
well what you're seeing when loosing those pairs is that the market hasn't moved to it's point of "harmony". There will be a point where not one pair should be losing IF and that's a big IF your timing is correct. right now, those 2 are losing but no t the CAD pairs at all. but then the market hasn't really even made a move upward. but when it does, you'll see that all the pairs or 13 of them wont be losing. Ive seen this many times in my live trades. it's just something you have to watch.
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