Indicators development for T101's not very simple method | Page 138 | Forex Factory

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Indicators development for T101's not very simple method

  • #2,741
  • Jul 7, 2010 5:34am Jul 7, 2010 5:34am
goodmorning all.

This trade for the moment is going between +500 and +650 pips as you can see in the pic.

Kos, did you enter the same time as me?
Attached Image (click to enlarge)
Click to Enlarge Name: riding-the-piptrain.jpg Size: 224 KB
  • #2,742
  • Jul 7, 2010 5:54am Jul 7, 2010 5:54am
hi trade4fun,

I saw your screenie. How did you manage the drawdown initially? -> the bull bar at 1:00 your broker time? what is your overall stoploss?
  • #2,743
  • Jul 7, 2010 9:36am Jul 7, 2010 9:36am
looks like another entry, this time: long

I am not sure if it is alright to pull the trigger, as price has gone so far from TM?

any comments?
Attached Image (click to enlarge)
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  • #2,744
  • Jul 7, 2010 9:54am Jul 7, 2010 9:54am
Beahjae,

i dont use stoploss. i simply use Kos exit strategy of MCAD. that means,when the redline goes out of the grey area.

so this trade today i closed at +250 pips.

i know you ask, why not at +650 pips?

it did not do that , because i need to learn the basics first.
  • #2,745
  • Jul 7, 2010 11:05am Jul 7, 2010 11:05am
Hello folks,

Good job Mr trade4fun, happy for your +250 pips.

Mr beehjae, could you please have a look to your screen, i do believe than your samir's indicator is different.
Mr trade4fun use the Daily Samir's indicator and yours looks like less than Daily TF.
It may change a lot of things,please do let me know if i am wrong.

Please forgive my poor english, i'm french.

++
  • #2,746
  • Jul 7, 2010 2:23pm Jul 7, 2010 2:23pm
i did take the long entry. its up about +400pips.
  • #2,747
  • Jul 7, 2010 2:29pm Jul 7, 2010 2:29pm
ichtus

first of all dont call me MR.

without the help of Kos and julius etc and other who have created this basket trading i would be nothing.

i use the Samir-daily indicator which i believe is the orginal one.

i attached it in this message.

if beehjae can post his. we can compare.

about the Kos strategy , i simply try to follow his trades to see if i understand it well. if you have any questions about his strategy. please ask him. he can explain it much better then me i am sure.
Attached File(s)
File Type: mq4 A-Samir-UNIVERSAL-Daily.mq4   19 KB | 1,010 downloads
  • #2,748
  • Jul 7, 2010 3:08pm Jul 7, 2010 3:08pm
Quoting trade4fun
goodmorning all.

This trade for the moment is going between +500 and +650 pips as you can see in the pic.

Kos, did you enter the same time as me?
Trade4fun,

Which EA do you use to open and close your orders?
Thank you very much!
  • #2,749
  • Jul 7, 2010 3:56pm Jul 7, 2010 3:56pm
i dont use any EA for closing or opening. i only added kosDOn versionD Ea to check if the signals line up compared to Kos his strategy. if you pay attention on the picture. you see no trade is running at all on the EA. also the Ea is its current value is not much use as an Ea, but it is a treasure as an indicator. at least for me.

also this whole week for me is dedicated to Kos his strategy. i hardly sleep these days. just to try to mimic his buy orders, close and sells.

and believe me it is much harder then you might think. last night i woke up at 3 am and waited like 4 hours until samir basket was hit, so all 4 conditions were on.

however the data i get from this, the learning of patience, understanding how the money goes. i save all that data and learn from it.

if your seriously want to understand Kos his strategy is to do it manual. and if you do like, i am doing now. you will learn and see stuff that an Ea can not teach you.

Kos his strategy to me ,is like a blueprint of money. i am looking at pairs now completely different then before.

every trade i have made so far, i have copied all the data in between to my harddisk. which trade was first to go into +. which trade when i closed it was still a losing one etc. is there a connection?

learning, learning, learning.

anyway time to get some sleep. see ya guys all tommorow. hopefully we have some more good trades coming up
  • #2,750
  • Jul 7, 2010 4:16pm Jul 7, 2010 4:16pm
i guess you all dont trade live. right?
  • #2,751
  • Jul 7, 2010 7:05pm Jul 7, 2010 7:05pm
Here is a method that may be helpful in weeding out false signals from BT101_OTR. A Standard Deviation placed on the BT line will show the strength of the movement, so that potential false signals can be filtered out. It is also incorporate standard deviation on the iCustom line into an EA in MQL4. Note that MACD is replaced by Alligator for the GBPJPY price action.
Attached Image (click to enlarge)
Click to Enlarge Name: basket strength.jpg Size: 240 KB
  • #2,752
  • Jul 7, 2010 7:32pm Jul 7, 2010 7:32pm
Quoting trade4fun
Beahjae,

i dont use stoploss. i simply use Kos exit strategy of MCAD. that means,when the redline goes out of the grey area.

so this trade today i closed at +250 pips.

i know you ask, why not at +650 pips?

it did not do that , because i need to learn the basics first.
Thanks for posting this, I didn't see that Kos identified this as an exit. Congrats on your trades, by the way. What are you using as a signal to wake yourself up at night and take a trade? I don't know my wife would let me do that
  • #2,753
  • Edited 7:50pm Jul 7, 2010 7:40pm | Edited 7:50pm
Quoting sCris
i guess you all dont trade live. right?
demo here. won't go back live, already lost money.

Quoting sCris
i did take the long entry. its up about +400pips.
good to know you did!
  • #2,754
  • Jul 7, 2010 7:41pm Jul 7, 2010 7:41pm
Quoting ichthus
Hello folks,

Good job Mr trade4fun, happy for your +250 pips.

Mr beehjae, could you please have a look to your screen, i do believe than your samir's indicator is different.
Mr trade4fun use the Daily Samir's indicator and yours looks like less than Daily TF.
It may change a lot of things,please do let me know if i am wrong.

Please forgive my poor english, i'm french.

++
hi ichthus, your english is ok.
it's not Samir Daily, it's Samir Weekly

http://www.forexfactory.com/showpost.php?p=3492503
  • #2,755
  • Jul 7, 2010 7:45pm Jul 7, 2010 7:45pm
Quoting autumnleaves
Here is a method that may be helpful in weeding out false signals from BT101_OTR...
I'm no expert here, perhaps Kos can verify if this can provide better entries.
  • #2,756
  • Jul 7, 2010 7:55pm Jul 7, 2010 7:55pm
Quoting trade4fun
Beahjae,

i dont use stoploss. i simply use Kos exit strategy of MCAD. that means,when the redline goes out of the grey area.

so this trade today i closed at +250 pips.

i know you ask, why not at +650 pips?

it did not do that , because i need to learn the basics first.
I get it, I salute your discipline in following the rules.

Quoting trade4fun
and believe me it is much harder then you might think. last night i woke up at 3 am and waited like 4 hours until samir basket was hit, so all 4 conditions were on.

however the data i get from this, the learning of patience, understanding how the money goes. i save all that data and learn from it.

if your seriously want to understand Kos his strategy is to do it manual. and if you do like, i am doing now. you will learn and see stuff that an Ea can not teach you.

every trade i have made so far, i have copied all the data in between to my harddisk....
Does the EA fire alerts? I'd better get that EA and see, so that waiting won't be as much.

I hope that you also post your conclusions based on your gathered data . if you don't mind.

My observations:
As someone has already posted, our indicators do lag.
Samir Weekly, Samir Daily, MACD and BI.

@ Kosmolate/Banana,
It seems that the last few days, GJ has been trending, either consistently up, or consistently down. My fear is getting burned when a ranging environment resumes. Laggers do well on trending times. Any comments/tips on this?
  • #2,757
  • Jul 8, 2010 12:56am Jul 8, 2010 12:56am
hey, what do you think about a chatroom where we can post our trading ideas using the basket trading method and discuss those trades? it could be a very usefull learning process to many of us.

its just an idea.
  • #2,758
  • Jul 8, 2010 1:11am Jul 8, 2010 1:11am
hi sCris,

it's a good idea, i have seen one that is still running up to now.

i think there are some prerequisites to that:
* 24/7 chatrooms - hopefully free
* at least 1 expert that logs in and shares at least once a day for a few hours.
** better if that expert is trading live

and....
expect moments of silence

my 2pips.
  • #2,759
  • Jul 8, 2010 1:41am Jul 8, 2010 1:41am
check out speeqe.com maybe we could set up a chat room there.
  • #2,760
  • Jul 8, 2010 6:48am Jul 8, 2010 6:48am
Zeus,

i use Supertrend with alert to wake me up. supertrend is same as trendmagic. only difference is, it has alarm. before i used the alarm on Bi. however bi indicator drives me nuts, because it can give new inputs every 15 minutes.

and supertrend is most of the time the last signal to change, with the exception of Samir sometimes.

beehjae

the Ea does fire alerts when you activate it. however the Ea is no good use for realtime trading. so i dont use it. i only use it for indication to check it out with manual trading. to see how accurate it is.

just search for the Ea in this thread, there are many different version out there.

autum leaves.

what is the problem with BI ? as long as the 4 signals are not lined up. do not trade at all.

for example .

at this moment BI and MCAD show sell conditions. however Samir and trend magic dont.

also with ranging. lagging etc. dont worry about it. you dont need to jump right at the second all 4 conditions have changed. i know trend magic can repaint and that samir can change quick again too. that is why i dont jump right away in. i just wait a bit more to see if it stays strong. then i jump in.

about opening a chatroom. it is good idea. but why not use IRC?

easy to setup. and easy to create a channel.

also did everyone catch the long trend up today? it made me +340 pips.
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