Indicators development for T101's not very simple method | Page 111 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Simple System By T101 - My Thought 18 replies

Continuation of T101 method discussions 24 replies

My first attempt at T101's basket method... 2 replies

Attachments: Indicators development for T101's not very simple method
Exit Attachments

Indicators development for T101's not very simple method

  • #2,201
  • Jun 6, 2010 9:12am Jun 6, 2010 9:12am
Quoting rpasupathy
Hi Don & Kos,

U both Rock

Will also chip in and do the testing and give the feedbacks ...

Sorry abt the coding part .. I don't know it

Happy pipping to both of You

Cheers
U are welcome rpasupathy!

pls lets test it and see that this one trades accordingly, so that we dont keep having abandoned EAs here and there.

Me, I will invest time on this one, as much as Don is willing to go all the way, I dont think he would write such a long code and not willing to see it to logical conclusion.

The rules are simple and straight forward and if the EA trades according to them on any time frame, I tell you we will be OK

I want to monitor it full time for a full week, before I conclude and ask Don for any touch, but so far on friday 2 good trades on 15min TF

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,202
  • Edited 7:23pm Jun 6, 2010 6:04pm | Edited 7:23pm
EA notes @ Don

please note that this is only for your information, Don. I don't want to bother you to edit them right away.

1. the basket profit (display info) is the overall account's floating profit.

for the convenience of demoing or actual live trading, it is better be magicnumber-related.

2. the variable "Multiplier" is correct when trading 1, or 0.1, or 0.01 lot, however, if turn 'UseDonMM' true, then trading lotsize may be, say, 0.03 lot. In this case, will the multiplier work correctly?

this is not essential for now anyway.

3. T101's 560 pips was meant for 40 pips per pair.
However, it is not reasonable, because 14 pairs' moving are not same. GJ or EJ usually move much more than the rest. usually when 560$ stoploss hit(standard account), GJ or EJ is negative at approx. -90 ~ -110$.

anyway, it seems that you didn't use 40 pips per pair literally as stoploss. so no big deal......
  • #2,203
  • Jun 7, 2010 5:52am Jun 7, 2010 5:52am
it's been a minute since Ive read the forum but i had to get my head cleared and makes some notes on my thoughts about being a real day trader. so i started reading the forum and ran into people who trade chaos by bill williams.

so i read the book and that has pretty much changed my outlook as a trader and as a person. best trading book i have read to date.

started using his method on my now smaller account due to following things incorrectly or charting problems that have been worked out now, I know where to enter, exit, and even add a basket or 2 or 3 if i have the margin! I'm have been in buys for quite sometime now and I'm up over 1200 pips. .

http://jtenterprisellc.mt4stats.com/

I'd recommend this book to anyone wanting to learn how to really trade any market on any time frame. bill williams. trading chaos 2nd edition

and a note to you all as i wont post as much and will be honing my skills on reading price; a mechanical system is like a car, it will break down eventually. doesn't matter if it's a Toyota or a Ferrari. it will happen sooner or later so while an EA or cool indicators/crossovers sounds great, tread lightly (and I mean that!) and only use them to manage trades, not put them on.

just my .02

later

hazelj
  • #2,204
  • Jun 7, 2010 6:16am Jun 7, 2010 6:16am
Quoting dr_zeus
Use the attachment tool, hide images, get the following.

1. BI_T101_OTR_V1_5
2. T101 BuyAll_pairs indi
3. Orest v1.18
4. A Samir Universal
5. T101_Dashboard_zz
6. JPY Basketpulse

Mix 'n Match on your favorite timeframe.

I don't know anything about the past couple of weeks discussion about EAs, I haven't tested them and probably won't due to the way I'm trading these days (live on Oanda). You need to demo manually for a while though to understand the system.
Dude, you are awesome! Thanks. That is exactly what I needed.
We are our own best indicator.
  • #2,205
  • Jun 7, 2010 6:21am Jun 7, 2010 6:21am
EA @ notes DON

Dear Don,

i tested this EA this morning and have to say it has a lot of potential.

however the biggest problem i am facing yet. is when is the righttime to Add the EA.

because at the moment i started the EA today 11.22 GMT+1 , it did the buys and sells precisly opposite on how the trend was going. which left me minus 200 dollars in no time ( using demo account minilots)

lucky the trend reversed after 1 hour and eventually i made 240 pips when the basket closed. ( so yes the take profit basket works perfectly )

also i noted after the EA closed the sells and buys. the EA completly stopped. i dont know if this is intentional, but i could not change any settings anymore.

also everytime i start the EA it will say put the indicator on GBPJPY. my guess is the Ea expect the trendindicator to be there.

however i have already added the indicator on that chart.
  • #2,206
  • Jun 7, 2010 7:25am Jun 7, 2010 7:25am
EA BUG found

i tried now to see what the EA will do next. however the signal the EA gave was to buy. however it did not start the buys at all.

i checked to see if EA was set to live. but it simply would not add any buys.

to make sure if the signal was given for the buy. i changed live trading to manual. and yes the signal to buy come trough. however it will not excecute the buys. even if i try it on manual.

somehow it looks like the Ea broke metatrader

to make sure it was not a mistake on my part i add the EA on a different computer. and there it worked.

so it must be something in the EA is my guess.
  • #2,207
  • Jun 7, 2010 8:30am Jun 7, 2010 8:30am
at the other computer where i use IKON metatrader 4 demo account it still works good. after the take profit of 240 pips. it waited 30 mins and started another session.

however on my CGI demo account i still got the problem that it wont start any buys.

check out the picture below to see what i mean
Attached Image (click to enlarge)
Click to Enlarge Name: T101_Ea_byDon_JustKos_06-04-10_2.jpg Size: 189 KB
  • #2,208
  • Jun 7, 2010 8:34am Jun 7, 2010 8:34am
bluemele,

Of course, I was talking about the thread in general

Regards,

Don
  • #2,209
  • Jun 7, 2010 9:12am Jun 7, 2010 9:12am
charvo, (your numbers questions answered below with same numbers)

1. OK. I have made the change. Hopefully it will work well.

2. Yes, it will work correctly for any account balance, any risk percent, any stoploss, and any pip value per lot. It is meant to be scaleable (my MM equation), and Multiplier is like this also. Think about it like this: Lots are figured separately from profit-locking numbers, but profit-locking numbers depend on Lots. One micro-lot is what the "original" Julius profit-locking numbers are for (I used the smaller of the two sets he gave - the set for mini account trading one micro lot each pair). Multiplier is simply Lots/OneMicroLot. So if I have .3 mini lots (= 3 micro lots), or .03 standard lots (still = 3 micro lots), the math works out and the scaling just works, so profit-locking numbers scale along with Lots. Should never have to worry how much to trade or when to lock. That's the purpose of the code.

3. I did use 40 pip stoploss per pair for getting Lots per pair to trade, and it is also set as $56.00*Multiplier as real StopLoss. It all works together and scales exponentially with Account Balance. Account Balance grows > Lots grow > Profit-locking numbers grow, but it's all based on Percent, really since that's how my MM PercentRisk and Lots are based. We can make the StopLoss varaible in the future, but for now, let's make sure we have everything else working.

I recommend everyone test this attached EA and discard all old ones - as usual (since I don't want old ones being tested and bugs may have already been fixed that users find). I can't promise that we'll get to a working EA. If it works, that's great. If not and I can make the changes, that's great. If not and I can't make the changes, then it will depend on someone else stepping in to make it happen, or it won't happen. I'm doing what I can.

Regards,

Don
Attached File(s)
File Type: mq4 T101_EA_byDon_JustKos_06-07-10.mq4   33 KB | 427 downloads
  • #2,210
  • Jun 7, 2010 9:16am Jun 7, 2010 9:16am
trader4fun,

It should not be based on waiting until bar close for another signal. You must be using an old.

I just uploaded the latest one. Please test it.

Regards,

Don


Quoting trade4fun
at the other computer where i use IKON metatrader 4 demo account it still works good. after the take profit of 240 pips. it waited 30 mins and started another session.

however on my CGI demo account i still got the problem that it wont start any buys.

check out the picture below to see what i mean
  • #2,211
  • Jun 7, 2010 9:19am Jun 7, 2010 9:19am
There is no right time to add the EA really. I guess if there is, it's when all conditions are not true, so a trade won't be put on right when the EA is put on chart. So put EA on chart, but don't allow it to trade. Then check numbers, and if on good part of trend and would trade, let it trade. If at end of trend it looks like, wouldn't be good to let it trade probably.

Regards,

Don


Quoting trade4fun
EA @ notes DON

Dear Don,

i tested this EA this morning and have to say it has a lot of potential.

however the biggest problem i am facing yet. is when is the righttime to Add the EA.

because at the moment i started the EA today 11.22 GMT+1 , it did the buys and sells precisly opposite on how the trend was going. which left me minus 200 dollars in no time ( using demo account minilots)

lucky the trend reversed after 1 hour and eventually i made 240 pips when the basket closed. ( so yes the take profit basket works perfectly...
  • #2,212
  • Jun 7, 2010 9:28am Jun 7, 2010 9:28am
Many thanks, Don! On my chart now!

Quoting disbellj
charvo, (your numbers questions answered below with same numbers)
  • #2,213
  • Jun 7, 2010 11:11am Jun 7, 2010 11:11am
Charvo,

Cool. I just put mine on M15 MBT MT4 demo since I first put it on and not all conditions true (as seen on comments on chart). If all conditions were true, I would look at how far we've come in the trend. If not far, I would probably let it trade on demo. If trend has come long ways, I would probably wait to put it on to trade for real , even on demo.

Regards,

Don


Quoting charvo
Many thanks, Don! On my chart now!
  • #2,214
  • Edited 2:14pm Jun 7, 2010 12:49pm | Edited 2:14pm
This EA checks trade types each tick, and also before doing a BuyAll or SellAll (to close trades if they are not the same type). To figure trade type, I check if there are more buys than sells or vice versa. A BuyAll would have more Buys than Sells (although someone may want to trade some pairs opposite the rest of the basket, so there may be some sells along with buys).

Anyways, this update adds magicnumber to these checks, so I think now magicnumber is used across the board for buying, selling, closing, and I think the flags and alerts are all correct. So let's see.

Edit: Uploaded wrong EA before. Make sure you have this EA which is the latest EA.

Regards,

Don
Attached File(s)
File Type: mq4 T101_EA_byDon_JustKos_06-07-10_2.mq4   33 KB | 419 downloads
  • #2,215
  • Jun 7, 2010 2:00pm Jun 7, 2010 2:00pm
Hi Don,

I'm testing the EA now on demo, and see screenshot below. It seems over the last hour or so the trend has been short, but the EA has not taken any trades. From the screenshot below it seems the 4th condition is not yet met. What is this 4th condition testing ?
Attached Image (click to enlarge)
Click to Enlarge Name: EA Screen1.JPG Size: 143 KB
  • #2,216
  • Edited 2:36pm Jun 7, 2010 2:11pm | Edited 2:36pm
spark,

Let me look at the EA again. It should have today's date. I hope I didn't "update" an older one.

Edit: Look back two posts and get the EA from there. I did upload the wrong EA.

What is Kos' 4th condition? On M15 and H1, check Daily trend for confirmation. On H4, check Weekly trend for confirmation. So since Daily trend is still Long Strong, no short will be taken although other conditions are met. Why? This is Kos' strategy and is meant to trade exactly like Kos would.

Edit: I put it on IBFX like you're using, and trend is Short on Daily now on IBFX, so SellAll trade was taken. ON MBT MT4, since Day begins at different time, Daily trend is still Long Strong, so trade not taken on MBT M15 yet.

Regards,

Don
  • #2,217
  • Jun 7, 2010 3:39pm Jun 7, 2010 3:39pm
Thanks Don

i added the new 1 on the 1 hour chart.

also i found out why CGI metatrader demo would not open up any buys. it does not accept lots that are like 0.18 etc. only valid lots are 0.10 , 0.20 etc.

is there maybe a way to fix this?

because now it will do a trade. however trade is done. it sets the next lot at 0.18 for example and it cant allow the buy or sell to happen.

also an idea which i think will be worthwhile to experiment with.

what about we use a a trendreversal of the profit locked? so when it hits the profit locked it will close the trades as usual and start a sell if the profit locked was on buys. and start a buy if the profit was locked on sells.

because when it hits the profit locked it can be a good pointer that we see a reversal.

to be honest i already checked this by using this trick. after the profit basket was hit. i closed down the metatrader and started it again fast. since the Ea was still in place,it started buys again. then i made a big lose. why, because of trend reversal. i tried this 2 times. and 2 times i lost.

so that is why i think this is a good idea to test if it is possible to make in the EA.

how more i use this Ea how more i get impressed. this EA gives a great roadmap. a basic map on how it could be something really awesome.

welldone job so far DON.
  • #2,218
  • Jun 7, 2010 3:54pm Jun 7, 2010 3:54pm
why did the EA did not start a sell?

all first 3 indicators pointed to a sell. but the EA didnt take it. any idea why?
because it looks a like a great point for sell.

tnx
Attached Image(s) (click to enlarge)
Click to Enlarge Name: why.no.sell.gif Size: 54 KB
Click to Enlarge Name: why.no.sell2.gif Size: 33 KB
  • #2,219
  • Jun 7, 2010 4:00pm Jun 7, 2010 4:00pm
if you really have spent one minute reading Don's instruction about settings parameters, you know the answer.

even if Don takes ppl to a golden mountain, i bet there is still someone asking where the gold is instead of looking themselves.

Quoting trade4fun
why did the EA did not start a sell?

all first 3 indicators pointed to a sell. but the EA didnt take it. any idea why?
because it looks a like a great point for sell.

tnx
  • #2,220
  • Jun 7, 2010 4:01pm Jun 7, 2010 4:01pm
Hi Don,

yes you are right, it did take the SHORT trade, and took me out with 175pips. Guess there was some sort of retracement. This works great I think!

Question - the trade is closed now but EA still showing conditions to enter a SHORT trade. What happens now? Does the EA "reset" itself and re-enter or what?

Thanks alot for you work on this EA

Spark



Quoting disbellj
spark,

Let me look at the EA again. It should have today's date. I hope I didn't "update" an older one.

Edit: Look back two posts and get the EA from there. I did upload the wrong EA.

What is Kos' 4th condition? On M15 and H1, check Daily trend for confirmation. On H4, check Weekly trend for confirmation. So since Daily trend is still Long Strong, no short will be taken although other conditions are met. Why? This is Kos' strategy and is meant to trade exactly like Kos would.

Edit: I put it on IBFX like you're using, and trend is Short...
11 traders viewing now