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Indicators development for T101's not very simple method

  • #2,661
  • Jun 28, 2010 1:39pm Jun 28, 2010 1:39pm
there are quite a few of those correlation indicators , some free, some not, some free but not shared.... most plot lines or put values in tidy little boxes....

possibly he first was from simon on the russian site , onix.... or at that was my first glimpse at one......

personally they tend to be somewhat too cluttered for my tastes.... i prefer something clear.... easy to grasp.... easy to interpet.... hard to screw up.... basically something hayseed-proof......

the first picture below shows the audjpy pair but could be any.... even the gbpjpy.....

the first histogram is all the aud pairs with some math applied.....

the second histogram is all the jpy pairs with the same math applied....

the third histogram is both overlayed.....

//-----

it should be somewhat apparent but just in case,

when the aud histogram which is all audpairs/math is above 0 and rising when the the jpy histogram which is all jyp pairs/math is below 0 and falling, it might be worthwhile being long....

reversed situations for short.....


//----

works best with the market moving eur, usd, jyp pairs and when the markets are moving...... just a thought.....h
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: aj corr 240.gif Size: 20 KB
to trade and code, keep both simple... no call to impress....h
  • #2,662
  • Jun 28, 2010 2:22pm Jun 28, 2010 2:22pm
Quoting hazelj80
well banana and kos seems to have it down with "dodgy" indicators and make money week after week. have you read all ail it? just a thought! it's the EA's that don't work!

this all has to do with timing. if the timing if off, then trades wont work. and it wont matter what style you trade. that goes for any entry setup in any forum.
I have read and re-read the threads, and I, like many was just moving on to the indicators. I then asked myself if the original does not work for people in general, why should the indicators? I mean wasn't this supposed to be an indicator free method, wasn't it?
  • #2,663
  • Jun 28, 2010 4:24pm Jun 28, 2010 4:24pm
the only reason people didn't get the original method is that the pairs can jump very very quickly and no one can stay up that long. this is what led people tp trying to program a timing indicator. yes, btr lags. but it works for kos, and he knows that. he's found what works for him. really, buysvssells using a profit line is probably the best solution. don explained that a few times. if you look at using buysvssells only, how many times would you have made a lot of profit week-by-week compared to what you'd loose? you would not really need the whole -560 pip SL all the time, if ever. it makes more sense than lagging indicators. either that and/or using divergence since those are the only 2 that don't lag.

all this stuff is gonna turn out like occam's razor watch...
  • #2,664
  • Jun 28, 2010 5:29pm Jun 28, 2010 5:29pm
Like other of your working stiffs, I cannot claim any great expertise in the original method. However, since the discussion has returned to that topic, I would like to ask a question or two regarding the relationship between price action and indicators in general.

1. In the original method, when the indicator account is first opened and the pairs separate into buys and sells, does this indicate:
-a ranging situation? - a trending situation? - an overbought/oversold situation? -none of the above?
2. In the original method, when one pair in the indicator account changes places with a pair of opposite colour, does this indicate:
-a ranging situation? - a trending situation? - an overbought/oversold situation? -none of the above?
3. In the original method, when the anchor position is displaced by a pair of the opposite colour, does this indicate:
-a ranging situation? - a trending situation? - an overbought/oversold situation? -none of the above?
4. In the original method, when all the buys exchange places with all the sells, does this indicate:
-a ranging situation? - a trending situation? - an overbought/oversold situation? -none of the above?

5. Depending on the answers to the above situations, could one use conventional indicators to express these conditions in a form that could be used to define trading signals?
  • #2,665
  • Jun 28, 2010 7:15pm Jun 28, 2010 7:15pm
Quoting autumnleaves
1. In the original method, when the indicator account is first opened and the pairs separate into buys and sells, does this indicate: -a ranging situation? - a trending situation? - an overbought/oversold situation? -none of the above?
Trend on multiple currencies. but mainly in order of JPY, USD, EUR, GBP, CHF.


Quoting autumnleaves
2. In the original method, when one pair in the indicator account changes places with a pair of opposite colour, does this indicate:
-a ranging situation? - a trending situation? - an overbought/oversold situation? -none of the above?
Trend on a pair.

Quoting autumnleaves
3. In the original method, when the anchor position is displaced by a pair of the opposite colour, does this indicate:
-a ranging situation? - a trending situation? - an overbought/oversold situation? -none of the above?
Depends on the movement of other pairs...
But trend on 2 currencies often, with that pair being the leader.


Quoting autumnleaves
4. In the original method, when all the buys exchange places with all the sells, does this indicate:
-a ranging situation? - a trending situation? - an overbought/oversold situation? -none of the above?
Trend on currencies

Quoting autumnleaves
5. Depending on the answers to the above situations, could one use conventional indicators to express these conditions in a form that could be used to define trading signals?
All of these are a general trending situation across the pairs.
However some would identify trends on a currency and NOT really just a pair, while others would predominantly identify trends on a pair only as opposed to the entire currency.

For example 12 hours back, the CHF and JPY were the currencies of strength, and the EUR was the currency with weakness. The EURCHF dropped like a lead balloon, and EURJPY was only a little behind it.

Thank you, for those questions. Cause it caused me to think of how i might place trades.

That is if the USD is strong, then:
Buy USDJPY, USDCHF and USDCAD, but sell EURUSD, GBPUSD, AUDUSD, NZDUSD.

Hence it might be useful for basket trading, to develop scripts that are for buying or selling a particular currency.
  • #2,666
  • Jun 28, 2010 7:36pm Jun 28, 2010 7:36pm
Thanks Aq for your input. In essence we are looking for USD movement then. Let me ponder further.

I might add that a week or so ago the Swiss National Bank announced that it was no longer intervening to keep the Franc from appreciating against the Euro, but would allow the Euro to depreciate in an orderly fashion. Hence you can probably expect a stepwise downward movement of the pair for quite some time.
  • #2,667
  • Jun 28, 2010 7:51pm Jun 28, 2010 7:51pm
Quoting autumnleaves
Thanks Aq for your input. In essence we are looking for USD movement then. Let me ponder further.

I might add that a week or so ago the Swiss National Bank announced that it was no longer intervening to keep the Franc from appreciating against the Euro, but would allow the Euro to depreciate in an orderly fashion.
Wow, never knew that Swiss had said that... That says to me that they are forcasting the Euro to fall through the floor, and they don't want to go with it. Very interesting.

Maybe this a 2nd big sell of the EURO, back to parity or less with USD maybe...
  • #2,668
  • Jun 29, 2010 12:52am Jun 29, 2010 12:52am
hi all!

anybody caught this drop this early Tuesday morning?

same rules, same chart 1hr TF. Same indicators. +1000 pips banked.

kos
Attached Image
John 3:16 - From THIS love no power on earth can me sever.
  • #2,669
  • Edited 1:48am Jun 29, 2010 1:09am | Edited 1:48am
hi!

this is the chart, any lucky person in this one? very straightforward. dont need to post the trades on terminal, its there on Samir +202 x 0.02 lot size = 1k pips

kos
Attached Image (click to enlarge)
Click to Enlarge Name: 29htmc.gif Size: 27 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #2,670
  • Jun 29, 2010 1:42am Jun 29, 2010 1:42am
Quoting Kosomolate
hi!

this is the chart, any lucky person in this one? very straightforward. dont need to post the trades on terminal, its there on Samir +202 x 0.02 lot size = 1k pips

kos
Hi Kos,

Can you explian what the Samir 202 is all about?

thanks
  • #2,671
  • Jun 29, 2010 1:59am Jun 29, 2010 1:59am
Quoting terminex
Hi Kos,

Can you explian what the Samir 202 is all about?

thanks
Terminex,

its nothing but the summary of your open trades, now its +270 usd x 0.02 = +1350 pips.
look at the blue circle

kos
Attached Image
John 3:16 - From THIS love no power on earth can me sever.
  • #2,672
  • Jun 29, 2010 2:03am Jun 29, 2010 2:03am
i didnt catch it either. i was sleeping like a baby. and i closed the computer down when i was around +350 pips using hanovers indis.

i did had charvo his Ea running but it did not openup any trades at all. somehow charvos his Ea works only 1 time for me. after that, the Ea looks like it is working. it shows alarms for buy or sells trade. however it just wont apply new trades at all. i need to remove and apply the EA again.

that said congrats for the people that were awake and made the + 1000 pips.

also today used the hanover indi again and now around +100 pips.

to make lot of money it is obvious, baskettrading is the way to go.

also what is a better indicator then money itself?

that is what for me this whole baskettrading is about. use money as indication.
  • #2,673
  • Jun 29, 2010 2:55am Jun 29, 2010 2:55am
Quoting trade4fun
i didnt catch it either. i was sleeping like a baby. and i closed the computer down when i was around +350 pips using hanovers indis.

i did had charvo his Ea running but it did not openup any trades at all. somehow charvos his Ea works only 1 time for me. after that, the Ea looks like it is working. it shows alarms for buy or sells trade. however it just wont apply new trades at all. i need to remove and apply the EA again.

that said congrats for the people that were awake and made the + 1000 pips.

also today used the hanover indi again and now...
I like your attitude, keep doing it until one day it comes clearly. then you will know the power of this BTS.

Its not chasing every candle everywhere, no, the trade will come to you, and macd and TM will show you its harvest time, the coast is clear move in. am not saying its WIN all the time, but when you become one with the rhythm of this charts, you will not look for sell when you should be getting ready for buy.

yesterday no trade, I did not whine or complain, today its here and I have gained more than what probably is someone's monthly target in one day. what else could I ask for

all the while we have been waiting for rules and more rules from kos, why not do it manually like kos sirs, and be on the same level with him, and whenever there is disparity in our trades we ask him,

-what kept you out of that trade?,
-what made you stay longer in that trade?,
-why did you bail out of that trade?
-why are you on the sideline? and so on,

Trading is an art I believe, EA is an attempt to make it scientific, that makes it uneasy for me to just put things down as rules, however what we have so far is good enough, the 4 conditions, DIVERGENCE, R/S look at the last divergence I marked on Friday, instinctively I knew its time for small up move, and that happened thruout Monday, and now its down, without BI or Samir, ordinary TM and MACD on GJ alone with good SL and MM would have made you money.

Gradually we would see exactly what he sees, all the time that he brandishes thousands of pips here every week.

and who knows you may even come up with better way of using what he has pointed out to us, better than him after he has taken us through the underlying things he considers.

kos

PS: trade4fun sorry I turned your reply to another long epistle
John 3:16 - From THIS love no power on earth can me sever.
  • #2,674
  • Jun 29, 2010 4:55am Jun 29, 2010 4:55am
hi Kos ( master of strategy)

your patience is something i truelly admire. i also see trading as an art. and i try to conquer it like sun tzu ( art of war )

i am actually only 2 months in this trading stuff. a rookie so to speak.

however in those 2 months i read a lot , tested lot of single pairs indicators and slowly i starting seeing the big picture. i saw how some pairs behaved to each other and started thinking why did nobody actually check for that.

how naief was i

so that basicly brought me into here. and thanks to you and julius and lot of others i learn more day by day.

and as you say. why people are not trying it manually. i do, i made a buy and sell script ( ibfx pairs )of the 14 pairs.

i modified the rapidfire script. if more people like to try go ahead.

also you can easily modify the scripts to your needs.

i still need to find a good closeall script though. if anybody has a good close all script could he or she share it?

problem is my closeall script does not work always i have no idea why.

thanks in advance
Attached File(s)
File Type: mq4 sell-all-pairs.mq4   7 KB | 553 downloads
File Type: mq4 buy-all-pairs.mq4   7 KB | 562 downloads
  • #2,675
  • Jun 29, 2010 5:08am Jun 29, 2010 5:08am
This close all works fine for me... Though it is not a script, it's an expert
Attached File(s)
File Type: ex4 Close_all_open_positions.ex4   2 KB | 502 downloads
  • #2,676
  • Jun 29, 2010 6:07am Jun 29, 2010 6:07am
thanks telac.

this close all EA works great.
  • #2,677
  • Jun 29, 2010 6:34am Jun 29, 2010 6:34am
yeah, seems the EA should be reloaded every Sunday open.

and this Kos entry should've been captured by the EA. mine did anyway.

but the EA needs some corrections, i'm thinking about it...

Quoting trade4fun
i did had charvo his Ea running but it did not openup any trades at all. somehow charvos his Ea works only 1 time for me. after that, the Ea looks like it is working. it shows alarms for buy or sells trade. however it just wont apply new trades at all. i need to remove and apply the EA again.
  • #2,678
  • Jun 29, 2010 6:47am Jun 29, 2010 6:47am
Hi Guys,
If anyone can help me out with this I would really appreciate it.
Within "Samir Weekly trade" indicator there is a function to switch an alert on for jumping pairs.

Can anyone advise me on how to get it to sound off for only slots # 1, 2, 3 and 12, 13, 14.

I thank you all in advance.
  • #2,679
  • Jun 29, 2010 7:03am Jun 29, 2010 7:03am
When using the Hanover indicator found on this link, it shows the strength of a currency across the board. Hence when the AUD is weak like right now, that means its a good sell on the AUD.

However on a pair by pair basis it means that
AUDUSD, AUDNZD, AUDCHF, AUDJPY will all be sells to some degree,
while
GBPAUD, EURAUD will be buys.

Hence the sell AUD script SELLs AUDUSD, AUDNZD, AUDCHF, AUDJPY but BUYs GBPAUD, EURAUD in its default mode.

If u don't have a particular pair that is mentioned or you don't want to trade a particular pair such as the AUDNZD (cause the AUD and NZD currencies often move the same way, then just change the lot size to 0 or the boolean value to false for the appropriate pair.

Here are BUY a currency basket trades scripts.
Attached File(s)
File Type: mq4 BUY_AUD_BASKET_TRADE.mq4   3 KB | 619 downloads
File Type: mq4 BUY_USD_BASKET_TRADE.mq4   3 KB | 653 downloads
File Type: mq4 BUY_NZD_BASKET_TRADE.mq4   3 KB | 614 downloads
File Type: mq4 BUY_EUR_BASKET_TRADE.mq4   3 KB | 638 downloads
File Type: mq4 BUY_GBP_BASKET_TRADE.mq4   3 KB | 623 downloads
File Type: mq4 BUY_JPY_BASKET_TRADE.mq4   3 KB | 634 downloads
File Type: mq4 BUY_CHF_BASKET_TRADE.mq4   3 KB | 608 downloads
  • #2,680
  • Jun 29, 2010 7:10am Jun 29, 2010 7:10am
Here are the SELL a currency basket trade scripts, again used in conjunction with the Hanover indicator found on this link

Use at own risk, and I think I got all the trade and trade directions right.
Attached File(s)
File Type: mq4 SELL_JPY_BASKET_TRADE.mq4   3 KB | 688 downloads
File Type: mq4 SELL_NZD_BASKET_TRADE.mq4   3 KB | 609 downloads
File Type: mq4 SELL_CHF_BASKET_TRADE.mq4   3 KB | 608 downloads
File Type: mq4 SELL_EUR_BASKET_TRADE.mq4   3 KB | 643 downloads
File Type: mq4 SELL_GBP_BASKET_TRADE.mq4   3 KB | 633 downloads
File Type: mq4 SELL_USD_BASKET_TRADE.mq4   3 KB | 675 downloads
File Type: mq4 SELL_AUD_BASKET_TRADE.mq4   3 KB | 653 downloads
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