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Indicators development for T101's not very simple method

  • #2,121
  • May 30, 2010 3:19pm May 30, 2010 3:19pm
Hi!

4HR TF trade, only one trade for the week, but a good one it would have been, pick your entry, do away with fear, condition your mind to take the LOSS if it happens, that is why your MM has to be carefully calculated.
Once the conditions are lining up, pull the trigger, if it gives good gap from your entry point then pull the accountprotectEA out and fire it. then sit back and watch sometimes the trend of 4 HRS may last the whole week,

if accountprotectEA gets U out prematurely wait to see if conditions are good again OR step down to 1HR TF and pick entry from there again.

No long story

kos
Attached Image (click to enlarge)
Click to Enlarge Name: weekly 4hr trades.gif Size: 43 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #2,122
  • May 30, 2010 6:31pm May 30, 2010 6:31pm
Hi Kos,

Thanks again for the great contribution,

I have been following ur progress and demoing this system for sometime, what I am not yet too certain about is the entry conditions,

I see ur examples on 1H and 4H and I understand the condition with tend magic but could you please clarify the conditions we need to look for in the BI_T101 and MACD?

Are you still trading this on M15?

Thanks for your support,

El_Dorado
  • #2,123
  • May 30, 2010 7:13pm May 30, 2010 7:13pm
Kos,

This looks to show the way I made the indicator, except I need to add exit by MACD crossing signal and bar closing.

So, to re-iterate:
Buy conditions:
1. If last bar closed above Trend Magic, make buy condition 1 True.
2. If buy condition 1 is True, check MACD. If MACD is above Signal, make buy condition 2 True.
3. If buy conditon 2 is True, check BI_T101_OTR_V1_5 and if Red is above Blue, make buy condition 3 True.
4. If buy condition 3 is True, check Orest timeframe (should be same as Samir Weekly and Daily versions, plus extra timeframes). If trade is with Weekly trend at the time (because Buys and Sells both cross 0 through the week sometimes, making the weekly trend change), then make buy condition 4 True.

If buy condition 4 is True, BuyAll (or sell EURGBP, GBPCHF, EURCHF, USDCAD, USDCHF? I don't know what to do here with giving options).

For BuyAll exit, when MACD closes on other side of Signal, exit by CloseAll.

The exact opposite for sell conditions.

Is the above information correct? It seems to me to be, according to you pictures and notes.

If so, I will try and get to work on an EA.

Regards,

Don

Quoting Kosomolate
Hi!

this is 1HR TF trades as I would have taken them last week, no thanks to my ISP who shut me out thru out last week, thank God I am back on.

No long story, if anyone has taken the trades on 1HR TF based on the way I marked the chart, it would have been a great week for him. 3 SELLS and 2 BUYS with only 1 SELL end with small profit

To them that are simple all things are simple.

code an EA for this thing and let the PARTY begin! protectEA is there to watch your back, just pick your entry patiently let your MM keep you in the trade

kos...
  • #2,124
  • May 30, 2010 10:38pm May 30, 2010 10:38pm
Quoting Kosomolate
Hi!

this is 1HR TF trades as I would have taken them last week, no thanks to my ISP who shut me out thru out last week, thank God I am back on.

No long story, if anyone has taken the trades on 1HR TF based on the way I marked the chart, it would have been a great week for him. 3 SELLS and 2 BUYS with only 1 SELL end with small profit

To them that are simple all things are simple.

code an EA for this thing and let the PARTY begin! protectEA is there to watch your back, just pick your entry patiently let your MM keep you in the trade

kos...
Kos,

Kindly attach the template that can be used to set up the chart as in your image "tues - frid virtual trades.gif".

thanks,
cheers.
  • #2,125
  • Edited 11:36pm May 30, 2010 11:18pm | Edited 11:36pm
Hi all,

Had to share this:

At EST
30-May 23:00 &
31-May 00:00

I got alerts, "T101 LineUp - BUYALL"

However, I see HnS patterns in formation (now at right shoulder) (E/J - Horizontal, G/J - sloping). This could mean a down move starting right here. If this has to work out, it would negate the BUYALL alert referred to above.

CAREFUL, guys...
Cheers.
  • #2,126
  • May 31, 2010 2:34pm May 31, 2010 2:34pm
I got BuyAll alert at 10PM EST last night and BuyAll on BuysVsSells using just pips went from 321 to 679 pips, and SellAll alert at 11AM this morning EST - MBT MT4, would be in drawdown now if took that trade, and since looking at BuysVsSells shows Buys going below 0 for a short time before this, Sells must have went above 0 for a very short time. Since then, BuyAll has went above 0 again, and is at about 350.

If using BuysVsSells, Buys crossed 0 and was up almost 321 pips before first Kos signal alerted. I still don't see where Sells were ever in control, on any timeframe, let alone weekly.

Also, Kos, I looked at the trades you said you would have made, and I remember all those trades didn't align with Weekly trend at the time, maybe not even Daily trend. Are you sure you used Samir Weekly for confirmation for all those trades? Because I clearly see Sells in control until the 27th around 11 AM, which means there would not have been any Buys before then. Both Buys #1 and #2 (first half of trend) you show, don't fit to your criteria if including Smair Weekly as condition. Buy#2 (second half of trend) is when Buys went above 0, so would have only then got to LONG Strong.

Also, the last Sell you point out wouldn't have fit criteria either - it was still LONG Strong until that small "trend" (if you want to call it that) was over, when Sells went over 0 and became SELL Strong. Right after that, trend turned, and I remember posting about that fact last week.

If fact Kos, the only valid signal you show per your instructions is the first Sell. Please tell me where Samir REALLY is used please. If not, we'll not use it. It (Samir Weekly) is clearly not used in all but one example you show.

I don't mean to sound like a party pooper, it's just this is why rules have to be specific, because we wouldn't get but one of those trades last week on H1 going by rules you have given that use Samir Weekly.

Regards,

Don


Quoting pgd
Hi all,

Had to share this:

At EST
30-May 23:00 &
31-May 00:00

I got alerts, "T101 LineUp - BUYALL"

However, I see HnS patterns in formation (now at right shoulder) (E/J - Horizontal, G/J - sloping). This could mean a down move starting right here. If this has to work out, it would negate the BUYALL alert referred to above.

CAREFUL, guys...
Cheers.
  • #2,127
  • May 31, 2010 7:11pm May 31, 2010 7:11pm
allow me to jump in, Don.

Samir or your backtest indi can be visually supportive in many ways. it is hard to programmed ( and Orest already did it). however, it might not be necessary.

i feel that Kos' elements are mainly 2 things:

BI cross and GJ price leave the trend magic (it changes color when this happen)

these 2 + protect account, that should be a good start (in fact, that's what i am coding....)

Quoting disbellj
Also, Kos, I looked at the trades you said you would have made, and I remember all those trades didn't align with Weekly trend at the time, maybe not even Daily trend. Are you sure you used Samir Weekly for confirmation for all those trades? Because I clearly see Sells in control until the 27th around 11 AM, which means there would not have been any Buys before then. Both Buys #1 and #2 (first half of trend) you show, don't fit to your criteria if including Smair Weekly as condition. Buy#2 (second half of trend) is when Buys went above 0, so would...
  • #2,128
  • May 31, 2010 8:24pm May 31, 2010 8:24pm
charvo,

I agree that "trend" (more than 30 minutes or an hour) is not necessary part of strategy, although I also already coded it into Kos indi prep for EA, so can be used if needed, and is in EA I'm building, and although Kos doesn't use TrendMagic color. It could easily have went SHORT Strong for a short time a while back when no bar closed with Sells above 0 (when Buys were above 0 and LONG STRONG), but since no bar closed, one would think a trade was not triggered, when sitting there real-time and getting the alert shows this happening.

But don't forget MACD (even though I like numbers like 4,6,2 instead of 12,26,9, if we're using lag, 12,26,9 is fine and lines up better with the lagging BI 5/10 cross).

Regards,

Don


Quoting charvo
allow me to jump in, Don.

Samir or your backtest indi can be visually supportive in many ways. it is hard to programmed ( and Orest already did it). however, it might not be necessary.

i feel that Kos' elements are mainly 2 things:

BI cross and GJ price leave the trend magic (it changes color when this happen)

these 2 + protect account, that should be a good start (in fact, that's what i am coding....)
  • #2,129
  • Jun 1, 2010 4:05am Jun 1, 2010 4:05am
see my entry this morning after I saw don's post to further show

kos
Attached Image (click to enlarge)
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John 3:16 - From THIS love no power on earth can me sever.
  • #2,130
  • Jun 1, 2010 4:08am Jun 1, 2010 4:08am
the trade so far

kos
Attached Image (click to enlarge)
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John 3:16 - From THIS love no power on earth can me sever.
  • #2,131
  • Jun 1, 2010 4:11am Jun 1, 2010 4:11am
Kos,

what timeframe is this chart you have posted ?

Spark

Quoting Kosomolate
see my entry this morning after I saw don's post to further show

kos
  • #2,132
  • Jun 1, 2010 4:20am Jun 1, 2010 4:20am
Quoting sparktrade
Kos,

what timeframe is this chart you have posted ?

Spark
Hi Spark!

this is my quickie, 1HR TF and look at the SAMIR it is a daily trend one not the weekly trend

hope I am cool

PS: the trade has gone +400 and +310 locked

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,133
  • Jun 1, 2010 4:35am Jun 1, 2010 4:35am
Hi!

look at 4hrs set up in the making. This may be the trade of the week. All things being equal, else I will wait more

THIS IS NOT A TRADE ADVISE TO ANY ONE, we are all learning so let not our case be that of a blind leading the blind. Look well before you leap.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: set uptue4hrs.gif Size: 23 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #2,134
  • Jun 1, 2010 4:48am Jun 1, 2010 4:48am
Hi all!

out of the trade with +260 pips by profitlockerEA

not too bad for an hour job,

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,135
  • Edited 2:23pm Jun 1, 2010 8:22am | Edited 2:23pm
Kos,

If you look at the previous H1 pic you posted with instructions, you didn't use the Daily Samir on that chart. Thank you for giving the corrected information.

I do see that if one was using Samir Weekly on MBT MT4, that the trend says Short Strong. I don't have any idea how Samir or anyone else could come up with Short Strong right now for Weekly trend. This doesn't make me want to use Samir's indicator, when our numbers differ so much. He might not count spread, but the difference I see is more than spread. Orest subtracts spread, but doesn't seem to use currency value. I use spread as it is when we really buy and sell. And I have used currency value in my posted indicators. So if I used any indicator or math for weekly or daily basket trend, I'd use mine - it's the most accurate from what I can see. maybe not the best coding job, but accuracy is what I'm after most.

Again, do the math like would be done if you actually put on the trades (since LONG Strong and SHORT Strong started in an indicator Julius made to keep up with his demo IA values of his demo IA trades), and if you do, you can't say that weekly trend is short strong like Samir's weekly shows. Samir's weekly is wrong. I can't say the last indicator I uploaded was right, but what I have now that I've added currency value, matches my backtest indicator's values, which I checked again and again back when I made that indicator.

Regards,

Don


Quoting Kosomolate
see my entry this morning after I saw don's post to further show

kos
  • #2,136
  • Edited 12:32pm Jun 1, 2010 11:30am | Edited 12:32pm
Many thanks, Kos!

I know, 4 blue circles for 4 issues:

1. Samir "short strong" ----> short all pips > 0 > buy all pips;
2. price leaves trend-magic ----> i use Fractal to capture price move/break
3. BI cross ----> easy to code
4. MACD direction ----> MACD signal>0 AND MACD signal pointing down

in fact, my EA did 2 & 3, not 1 and 4 yet. it captured this morning Long, though with bugs still.

i'll try to code these 4 into the EA these two days.

before that, let me ask you one question (or anyone please help if he/she knows):

why i cannot find how to DISPLAY MACD in BI_t101_OTR indicator？


by the way, attached a snap of the basket entered by my ea this morning.

Quoting Kosomolate
see my entry this morning after I saw don's post to further show

kos
Attached Image (click to enlarge)
Click to Enlarge Name: ea.jpg Size: 296 KB
  • #2,137
  • Jun 1, 2010 2:03pm Jun 1, 2010 2:03pm
charvo,

Kos just dragged MACD into BI indicator window. MACD numbers didn't change, so you can code it as it is separate from BI window.

Regards,

Don

Quoting charvo
Many thanks, Kos!

I know, 4 blue circles for 4 issues:

1. Samir "short strong" ---->...
  • #2,138
  • Jun 1, 2010 2:18pm Jun 1, 2010 2:18pm
Quoting charvo
Many thanks, Kos!

4. MACD direction ----> MACD signal>0 AND MACD signal pointing down

before that, let me ask you one question (or anyone please help if he/she knows):

why i cannot find how to DISPLAY MACD in BI_t101_OTR indicator？
the use of MACD is not looking for its cross zero as you probably think above, but when THE SIGNAL LINE DEVIATES FROM THE HISTOGRAM not > 0

To display MACD in BI_T101_OTR indicator, just simply click and drag MACD above the BI_T101 window and MACD will show up in the same place with BI_T101
I mean drag macd and put it on BI_T101

Seems you are making EA work and promising

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,139
  • Jun 1, 2010 3:27pm Jun 1, 2010 3:27pm
Hi Charvo,

would like to try your EA but not sure what settings you are using. Could you explain pls. Also do I need to put any other indicators on my chart in order to make your EA work ?

I've actually had the EA on my chart (demo) all day but no trades taken, I think I'm missing some settings

thanks
Spark


Quoting charvo
Many thanks, Kos!

I know, 4 blue circles for 4 issues:

1. Samir "short strong" ---->...
  • #2,140
  • Jun 1, 2010 5:37pm Jun 1, 2010 5:37pm
@ Kos and Don

thanks for your explanation. This MACD is actually calculation on the whole basket (because it is on BI_t101 indi). Am i right? this is a little beyond me right now, um, i'll code what i can come up with first anyway.

Quoting disbellj
charvo,

Kos just dragged MACD into BI indicator window. MACD numbers didn't change, so you can code it as it is separate from BI window.

Regards,

Don
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