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Indicators development for T101's not very simple method

  • #2,381
  • Edited 3:40am Jun 12, 2010 2:18am | Edited 3:40am
Quoting Kosomolate
I dont know if this will brighten things up a bit

4HR TF GJ

kos
Hi Kos,

pl refer to the H4 GJ chart you attached showing entries and exits.

I have a few queries:

1. Re. 1st green circle marked "BUY ENTRY"

that circle contains about 8-9 bars straddling the TM line. that is over 30 hours of price action. where exactly is your entry? it would help to mark the specific bar with an arrow and a small horizontal line showing exact price level of entry.

2. Re. 3rd green circle marked "RE-ENTRY or ADD-ON..."

that circle contains a fairly long downward penetration of the TM line accompanied by macd histogram dropping below its signal line. would that not be a short entry? since you have filtered that out and rightly so, kindly share what filter/rule you have applied to eliminate that short which would otherwise have failed as a good trade.

3. Re. "SELL EXIT" marked with a long vertical greenline:

the "signal lne out of histogram" happens 2 bars after the long green line. so the exit really would have been much higher almost on the TM line giving away most of the profits on that trade, and not at the horizontal green line as shown unless I am reading this wrong. would you kindly shed some light on this...

thanks,
cheers.
  • #2,382
  • Jun 12, 2010 11:14am Jun 12, 2010 11:14am
Robert,

i was also thinking a bit like the idea you mentioned. specially if you backcheck some data.

however if possible could you first fix the sell function. since sell it not working right yet.

and if you have some time left. and it is not to difficult to implant. woul dit be possible to add a reversal setting in the EA which we can add as true or False.

what i like to check out is. when all 4 indicators line up and place the buy trade ( 12 pairs buy, 2 sells ) after it hit profitbasket. it will open again a new trade but this time reverse ( 12 pairs sell, 2 pairs buy )

maybe it end in nowehere. however as shown last week. this idea could have been profitable.
Attached Image (click to enlarge)
Click to Enlarge Name: 3weeks-ea-info.gif Size: 57 KB
  • #2,383
  • Jun 12, 2010 12:45pm Jun 12, 2010 12:45pm
what's your attached image to show?

Quoting trade4fun
maybe it end in nowehere. however as shown last week. this idea could have been profitable.
  • #2,384
  • Jun 12, 2010 3:46pm Jun 12, 2010 3:46pm
the image shows the pairs we traded using the Ea on the standard settings.

Red is sell period. Green is the buy period. ofcourse it is pretty rough. it shows the H4 template.

however you can see how the pairs behave to each other over last 3 weeks.
  • #2,385
  • Jun 12, 2010 6:42pm Jun 12, 2010 6:42pm
Oh, man, i was actually asking you what this indicator is or where to get it. thanks.

Quoting trade4fun
the image shows the pairs we traded using the Ea on the standard settings.
  • #2,386
  • Jun 13, 2010 3:47am Jun 13, 2010 3:47am
lol np,

here is the attached indicator and template.

put the indicator in the indi folder and the template in template folder. well you know the drill
Attached File(s)
File Type: mq4 multisymbol_color_RSI_LQ_1[1].0M6.mq4   6 KB | 505 downloads
File Type: tpl pairsnocadypn.tpl   14 KB | 490 downloads
  • #2,387
  • Jun 13, 2010 5:52pm Jun 13, 2010 5:52pm
Many thanks, very useful!

my recommendation, try set every pair's period as 2 (cannot be 1, 2 is minimum) so that the color basically reflects latest market conditions. and for USDCHF, set "inverse strength" = true . remove gbpchf, and eurchf.

you will feel the difference.

Quoting trade4fun
lol np,

here is the attached indicator and template.
  • #2,388
  • Jun 13, 2010 8:44pm Jun 13, 2010 8:44pm
Julius brought it to my attention that I need to make sure people know that Currency Ring pdf looks to buy or sell all 3 currency pairs in the ring. This is different from http://kreslik.com/forums/viewtopic.php?t=307 where 2 currency pairs are bought and one sold, to create a hedge. To see the differences, please refer to the PDF (which may have had a typo when it said buy all 3, I don't know), and the link above. I have also updated the indicator to show the 2 different ways of looking at it.

Basically, if buying all (FPI false), there is no "range" that profit stays within. If creating a hedge (FPI true), the purpose is to make profit stay in a range, and try to put on the real hedge in demo or real account when indicator is below 1, and take profit if indicator is above 1. I say that it would take probably no commission and very tight spreads to pull off FPI.

The indicator I made before is the same as FPI false in this indicator, where all 3 currency pairs are bought, so there is a profitline one can follow to see if buying all 3 pairs in ring would be profitable or not.

Sorry if I confused anyone. I just see it all as profitlines. If not profitable, don't trade it. If profitable, find some way to trade it. And profitlines tell me if doing something would be profitable at a given time or not.

Regards,

Don


Quoting disbellj
Here's the currency ring indicator I was talking about, and PDF attached. Like I said, it's not finished. There's also Average Daily Range that would be taken into account per the PDF, but not implemented into indicator. Just something to play with on the side, to show it don't matter which pairs you want to trade, pips are available.

Regards,

Don
Attached File(s)
File Type: mq4 CurrencyRing_FPI_Don.mq4   6 KB | 631 downloads
  • #2,389
  • Jun 14, 2010 4:41am Jun 14, 2010 4:41am
Don,

thank you for the updated indicator. however 1 question.

when i add the indicator on the chart and add it. i see the ring and the line it draws.

however if possible. could you not make it. that it will show when you need to buy a pair or sell a pair if it falls under your rule set or julius his rule set?

because we see now the 3 prices of a ring. the hedge effiencty and the third pair value.

however it would be nice that it will show when to buy or when to sell.

for example.

it shows buy pair and buy pair 2 and sell pair 3 = result ( possible one the tick)

this way we can see direct how the results behave according to the graph.

i hope i explained this well. english is not my main language.

P.S. how is EA going? any bugs fixed? i added the D version ( latest version i have) and got great results today,because of the Euro going strong.
  • #2,390
  • Jun 14, 2010 7:50am Jun 14, 2010 7:50am
Can we make a ring discussion thread for those interested in it? I trade a similar strategy, but I think we should stay focused on t101 here.
  • #2,391
  • Jun 14, 2010 8:20am Jun 14, 2010 8:20am
If someone wants to start one, that's fine with me. I just put it up as another "basket" of pairs to trade - in fact quite a set of baskets, so user's have choice.

The original indicator I posted for the currency rings just treated them as BuyAll 3 currenciy pairs, which is what the PDF looked to say. Then Julius mentioned to me FPI (buy first two pairs, sell the third pair, to build a hedge), and so I built that option into the indicator. If one chooses to turn DoFPI to true and then to false, they'd see they are not the same strategies. If anyone wants more information, I pointed them to the PDF and the link, so they can study up on the subjects if they want to. I have nothing more to say on the subject really. But since it was baskets-related, I figured it wouldn't hurt. A strategy that works on one set (be it T101 or not), should work on another. My original intention of posting had nothing to do with FPI, which should now be obvious. Just other sets of currencies to BuyAll or SellAll. Sorry for any confusion. Let's get back to the program at hand.

Regards,

Don



Quoting dr_zeus
Can we make a ring discussion thread for those interested in it? I trade a similar strategy, but I think we should stay focused on t101 here.
  • #2,392
  • Jun 14, 2010 8:23am Jun 14, 2010 8:23am
The ball is in Kos' court to actually test the EA and tell us if it is doing what it should be doing, and if not, what is it doing that it should not be doing, and why, so that Robert or myself can make changes if needed. Kos posting charts at this point is not what is needed, but him actually testing the EA - the last one posted by Robert.

Regards,

Don


Quoting trade4fun
Don,

thank you for the updated indicator. however 1 question.

when i add the indicator on the chart and add it. i see the ring and the line it draws.

however if possible. could you not make it. that it will show when you need to buy a pair or sell a pair if it falls under your rule set or julius his rule set?

because we see now the 3 prices of a ring. the hedge effiencty and the third pair value.

however it would be nice that it will show when to buy or when to sell.

for example.

it shows buy pair and buy pair 2 and sell pair...
  • #2,393
  • Jun 14, 2010 8:46am Jun 14, 2010 8:46am
Don, it cannot be in Kos' court, that EA keeps re-entering in a different manner as Kos did and told. we need to deal with that re-entry issue. again, not saying who is wrong, i'm saying that a BI cross with a life of several hours is wrong.

Quoting disbellj
The ball is in Kos' court to actually test the EA
  • #2,394
  • Edited 9:51am Jun 14, 2010 9:32am | Edited 9:51am
I'm not saying this again. Kos said it is trading like it should. Until he says differently, what am I supposed to do?!

I disagree with yours and Robert's take on what should be. It does not matter the separation between the two MACD lines. When the MACD line is over signal is all that's needed for the buy condition. If I said that all conditions had to happen on the same line, then it would not ever take a trade. Kos did not specify that all conditions had to happen within a certain number of bars. If I said to not take another trade after one closes in profit-locking, then I would not be doing what Kos said he does. I coded it right according to my interpretation of what Kos said. Obviously there is more than one interpretation. That is why Kos needs to test the LATEST version and let us know. I am not nor do I intend on being a mind-reader or guessing what Kos meant. He needs to tell us.

I will remove myself from this, since what I did has been taken and changed more than it should have been (it doesn't even look like what I uploaded. I had things where they were for a reason, even if not understood. It is now Robert's EA I guess), people disagree with the way I coded the EA, although Kos said it's trading correctly, and who better would know? So obviously I'm wrong here no matter what, when it should be up to Kos to say that it's right or not, and what needs changed, and most likely like I said before, this is why this type of work is done in private, since everybody has an opinion on how it should go, and the only opinion whose matters is the one whose strategy it is.

"a BI cross with a life of several hours is wrong". I'm glad you seem to know what Kos was thinking, because I remember him distinctly saying that if all conditions were met when he was kicked out with profit-locking, then he would get in again. Hard to get in again when a time-limit has been put on his strategy that he did not put there. Since obviously I don't know what Kos wants (in yours and Robert's opinion), then why don't you or you and Robert re-do the EA and show us what Kos had in mind.

Regards,

Don


Quoting charvo
Don, it cannot be in Kos' court, that EA keeps re-entering in a different manner as Kos did and told. we need to deal with that re-entry issue. again, not saying who is wrong, i'm saying that a BI cross with a life of several hours is wrong.
  • #2,395
  • Jun 14, 2010 10:49am Jun 14, 2010 10:49am
i'm sorry for pissing you off, Don. There is no hard feeling anyway, and not necessarily beneficial to anyone, man.

i uploading my edition of your EA will simply cause more confusion/unhappiness :-). that's why i didn't......

i think that i was not cautious when i said "a BI cross with a life of several hours is wrong".

but please allow me to re-phrase. say, firstly, we cannot expect Kos to teach us A,B,C and 1,2,3 right? we cannot be limited / rigid based on Kos words only......

ok, re-phrase.

"a BI cross with a life of 1 hour is right".
"a BI cross with a life of 2 hours is right".
"a BI cross with a life of 3 hours is right".
"a BI cross with a life of 4 hours is right".
"a BI cross with a life of 5 hours is right".
.......
"a BI cross with a life of 10 hours is right, or not???". ----probably NO, check the figure:

if we enter on left 1st red line, do we keep re-enter until we reach 2nd red line(reversal cross), assuming the other entry conditions are still valid?

well, i don't want to disturb you any more. that's my point. let the test of the EA going on anyway.

btw, your currency ring stuff is very interesting, looking into it right now, thanks.


Quoting disbellj
"a BI cross with a life of several hours is wrong". I'm glad you seem to know what Kos was thinking, because I remember him distinctly saying that if all conditions were met when he was kicked out with profit-locking, then he would get in again. Hard to get in again when a time-limit has been put on his strategy that he did not put there. Since obviously I don't know what Kos wants (in yours and Robert's opinion), then why don't you or you and Robert re-do the EA and show us what Kos had in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: sdafasdf.gif Size: 45 KB
  • #2,396
  • Jun 14, 2010 11:03am Jun 14, 2010 11:03am
charvo,

I have my own EA's I'm messing with. Trying my best to remove everything that Robert added that is not needed or wanted in an EA "shell", and trying to get a working EA still.

So excuse me for not wanting to keep re-hashing old arguments where we disagree. I see what you're saying, but again, this is not your EA. It's not my EA. It's Kos' strategy. Maybe it sucks and the losers take the gains of the winners. Maybe Kos just never posted his losers. I don't know. I know that pictures showing what he did led to an EA. If that EA is not correct, then yes, a better explanation or at least clarification is needed. That's the way development goes.

If Kos doesn't want to test the latest EA and give feedback, maybe you or someone else will feel like taking someone else's strategy, who will test the EA and give feedback. I've mentioned 2 recommendations of changes, and Kos has said nothing about it. So I will not sit here and wish for things to move forward. If they move forward, cool. If not, it won't be the first EA I've started and left after a period of time because of lack of input or because either I or the EA got off track. And it probably won't be the last.

You are welcome to upload your EA. I don't know who will test it, but you're welcome to upload it. I gave in earnest hoping that it would get us somewhere, and that's about all I can say at this point (other than I look at all this and wonder why I bothered. SuperTrend changing color get more pips than using the other lagging indicators or weekly/daily agreement, since instructions can't be clarified. And yes, I do expect them to be clarified.

Regards,

Don


Quoting charvo
i'm sorry for pissing you off, Don....
  • #2,397
  • Jun 14, 2010 3:12pm Jun 14, 2010 3:12pm
@ Don

I think I have given feedback on this EA the (c) version and Charvo is my witness, but again, for clarity's sake

Quote
Originally Posted by disbellj http://cdn.forexfactory.com/images/buttons/viewpost.gif
I'm not saying this again. Kos said it is trading like it should. Until he says differently, what am I supposed to do?!

Yes, as per entry rules, its ok and other ppl have said so, it spots the line-up and its there to execute the trade which I have observed very well and seen severally. This I have said.

Yes, as per exit by Macd cross OK, exit by SL of -560pips OK

BUT...

There must be a loop somewhere that is doing more than it should do cos as soon as it concludes a trade beautifully, then its locked in an endless loop in that direction. This I have said and I dont think any changes have been effected, or may be I missed it.

Where in my court is the ball?

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,398
  • Jun 14, 2010 3:19pm Jun 14, 2010 3:19pm
@Don

Quote
Originally Posted by disbellj http://cdn.forexfactory.com/images/buttons/viewpost.gif
It does not matter the separation between the two MACD lines. When the MACD line is over signal is all that's needed for the buy condition. If I said that all conditions had to happen on the same line, then it would not ever take a trade.

Yes you are right, and I said it, "I wait sometimes for hours for the line-up to occur, that is the crux of the system", never mentioned anything about same bar.

Quote
Originally Posted by disbellj http://cdn.forexfactory.com/images/buttons/viewpost.gif
I remember him distinctly saying that if all conditions were met when he was kicked out with profit-locking, then he would get in again. Hard to get in again when a time-limit has been put on his strategy that he did not put there.

Yes I reenter if (1) all conditions are still very correct. (2) I wait for retracement back to TrendMagic and a bounce off it.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,399
  • Jun 14, 2010 3:27pm Jun 14, 2010 3:27pm
@Don

Quote
Originally Posted by disbellj http://cdn.forexfactory.com/images/buttons/viewpost.gif
and most likely like I said before, this is why this type of work is done in private, since everybody has an opinion on how it should go, and the only opinion whose matters is the one whose strategy it is.

Like I let you know on the PM I sent you, there is another closed group that I gave not even as much info as we have here, just some couple of marked pix and and indicators in zip, and they delivered it exactly as I do the trades. no addition or subtraction of any kind of indicator apart from what I gave them.

Last week 2 good buy baskets and 1 brief sell basket all profitable, today monday 14th june 2010 a powerful and successful buy basket executed 5am gmt and just concluded by the closed group EA. look at your 1hr GJ chart macd just terminated the trade 2 bars ago. I dont know why some ppl have problem with this, is it dificult to understand??????

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,400
  • Jun 14, 2010 3:56pm Jun 14, 2010 3:56pm
Kos,

I got trades last week that I know you wouldn't have taken but the EA did, and you would have seen it if using the latest EA last week on H4, so I gave 2 recommendations, and you said nothing about them. Didn't code in any retracement, since the pictures never conveyed that, and it never was said that I remember. It might make sense, but I don't assume when I code to know what you want unless you tell me.

As far as what I recommended, I said that the EA had taken a buy, and got stopped out by stoploss. If there was a rule that said don't take the buy trade if the bar's high is not higher than last bar's high (like at end of trend when the buy trade was taken last week I mentioned), this bad trade wouldn't be taken. If there was a rule that said even if last bar closed above TM, if this bar is not above TM (like 2nd loser last week on H4), don't take buy, then the other bad trade wouldn't have been taken.

So I guess the other group did good with just pics. Kudos to them. That doesn't help me.

I guess these bad trades I had are because I didn't code it correctly? And because I have questions, and want feedback on latest EA (not one days before the latest EA, which I remember you gave feedback on), then that's a problem?

Guess it's gonna have to be up to somebody else here to fix it, since the EA doesn't look like what I uploaded anymore, and I can't say I can fix a problem unless it's spelled out clearly what the problem is (can't say I can fix it even then). Things have been moved around in my EA. I knew at one time what everything meant, and why it was where it was. That is no longer the case. Guess ya'll need a pro.

I don't remember you giving feedback on the latest EA Robert uploaded, so if you did, will you please show me where you did? I've also seen no losing trades posted by you, although I have encountered them with the latest EA. And you just pointed out how trades are made and do good, so that really doesn't help clarify what's wrong. You say "its locked in an endless loop in that direction". Again I ask, are you sure you're using the latest EA uploaded by Robert? If so, I have not experienced the problem.

I also asked what broker you were on because the opening and closing makes a difference, and I thought about adding GMT Offset so that trend would be the same on my broker as on yours - not affected by broker's week or day opening time (which differs between brokers and causes different trades to be taken at different brokers), but you did not respond to that either. I guess I ask too many questions.

Don't worry about it. You got an EA that works for you by some other group.

Regards,

Don


Quoting Kosomolate
@Don



Like I let you know on the PM I sent you, there is another closed group that I gave not even as much info as we have here, just some couple of marked pix and and indicators in zip, and they delivered it exactly as I do the trades. no addition or subtraction of any kind of indicator apart from what I gave them.

Last week 2 good buy baskets and 1 brief sell basket all profitable, today monday 14th june 2010 a powerful and successful buy basket executed 5am gmt and just concluded by the closed group EA. look at your 1hr GJ chart...
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