Indicators development for T101's not very simple method

i closed it a few hours ago because i think the trend is over now. i've checked all pairs, now waiting for a sell entry.

@trade4fun: if you know how to set up a chat (IRC) it would be wonderfull if you could do that.

i created an efnet channel on irc.

pm me for details. i dont want to derail this thread.

Thanks for your response, trade4fun. What I am suggesting is that Standard Deviation on BI might replace TrendMagic, MACD and Samir. Then you would only have to program 1 signal, not 4. It must be tested to see if it works, of course.

Thanks for your reply Autumn.

that would be awesome if it could be only 1 signal and it is great you try new things as well.

i checked out your picture. but i dont understand it completely yet.

could you give me a better explanation if possible? thank you

Hi T4,

Standard deviation is one of the built-in indicators in MQL4. For a description see <http://codebase.mql4.com/301>

Standard Deviation can also be calculated on data placed in an array. (See <http://docs.mql4.com/indicators/iStdDevOnArray>). Visually, the indicator can be applied to another indicator's data. In the chart in question, Standard Deviation has been applied to the BT_T101 chart data to give a visual sense of the strength of the movement of the BT line. Practically, you would want to enter when the STDev is rising and probably above a certain value. and exit when it is falling (in combination with BT). The StDev parameters (period, smoothing) can be adjusted for optimal effect.

the supertrend indi is a NON-REPAINTER indi , BUT it doesn't matter, because Kos doesn't need the color for his trading method...and Don added the alert...

regards
Cado

Hello folks,

I did 787 pips.

Bought the basket at 19:37 2010-07-07
Take profit today at 11:43 GMt +1 (Paris)

AFAIK Paris is currently at GMT +2 ?

My mistake, i wrote +1 but it's +2 (daylights savings time).

I'm waiting for re entry long,MACD still bearish.But all look like a probable long.

letbe,

I actually use the open price of the first bar of the week on the current chart according to the individual broker's MT4, where Samir uses the open price of the week according to the individual broker's MT4. GMT time is not taken into account on either Samir's or mine. So theoretically, they should say the same thing. If they don't, then why not? BTW, Samir's method is actually easier than my method to code, so my code can easily be changed to use iOpen of PERIOD_W1 or PERIOD_D1 like Samir's. I just still question if they are different, why? I know I'm using the first bar of the week of the broker. Why would that open price be any different from MT4-given week open price?

Regards,

Don

hey don.... the first bars sunday evening go on the prior weeks data....

as example using ibfx there will be , roughly, one 4hr bar, two hour bars, four 30 minute bars and so on that actually occur sunday in what would be thought of as the 'new' week, that go on last week.....

of course the actual numbers of bars will vary between brokers.... bottom line is the opening sunday nite price will not be the week open..... the week open comes several hours later......

fwiw, being that this deal is based primarily on the jyp pairs effect, it might be better to restart the tracking at the tokoyo open...... h

yes, finding it has been easy trade4fun, i got 1. i'll see how things go.

i didn't catch that long, could you please post a sreenshot? i can't see a MACD cross at that time. maybe it's just me

icthus, could you please post an image? i was out yesterday

Hi, Don

Compare to those charts posted here, I don't see much difference from mine, My timezone is EST 5, which is new york time, and weekly open is 8pm Sunday, daily open is 8pm everyday now.

Making an EA is not easy, absolutely. Even you follow all the rules, there is still some human emotion can not be coded. I do a bit coding , never get one even showing any hope.

Nice work and great research from your side, keep going.
And thank you very much for sharing.

beehjae.

check the chart pic

also this mornign at 5 am i opened a trade and made +100 pips.

about 20 mins ago. i did a sell and so far -233 pips. samir was not yet well alligned, however took the chance and got burned so far.

lets see if it will stay this way when USa market opens.

hayseed,

The difference I've found is that when using:
iOpen(Pair[j],PERIOD_W1,0);
... I get a different open price than I get if using:
iOpen(Pair[j],0,iBarShift(Pair[j],0,StartBarTime));

Samir uses the first code pretty much, and I use the last one. So for instance, when on IBFX, I see that when using Samir's code, I get open time on GBPJPY of 2010.07.04 00:00 and open price of 133.25. If I go to History Center, it shows on Weekly prices, the open price for GBPJPY for week was indeed 133.25. BUT, if I use my code, I get open price of week same as Samir's. But then I actually get the first bar on chart I'm using that is later than week's open time. I then get that bar's open price. So GBPJPY's first bar of week on H1 chart is 2010.07.04 22:00. And the open price of that bar is 133.27. Now that's not much difference there - 2 pips. But which is correct? If on W1 chart, it looks like Samir's open price is correct. If using H1, it looks like mine is. So it's MT4 giving conflicting information between timeframes that is the problem.

Now those small differences are differences, especially when multiplying an error times 14 pairs. See attached pic. Then go to IBFX and check Weekly and Hourly GBPJPY on times I said, and see for yourself that there is a difference. So which code is best to use in a situation like this?

If Samir didn't use spread, then that would make ours more different, since I do use spread. If Samir didn't use pip's currency value, then that would make ours more different, since I do use pip's currency value. But it looks like Samir uses spread and currency value. So you would think that using Samir's open price for each pair would make Samir's and mine (when last user input turned to True in mine), but they are still different. So it's gonna take someone smarter than I am to see why they are different.

Also, I have uploaded a newer BackTest indicator, to be used the same as before, except with features added that were asked for a while back (like different start and end times per user input, or use StartWeeksBack, or use MasterIA_Mode to use all common available history for all pairs; adding a line between top 7 pairs and bottom 7 pairs; ability to number the IA, so that multiple IA's can be placed on same chart), plus choice to use Samir's open vs. mine (this is the last user input, made False by default since I prefer my way of getting week open for each pair using current chart and not W1 chart).

Also, this still doesn't look at GMT Offset of Kos' broker, so nothing we do is gonna solve our problems anyways, since Kos' broker is what Kos goes by using Samir, and to even get close, we'd have to set Kos' broker's week open time or day open time as what we aim for in code, and use GMT Offset user input for users to use, so that what they see and Kos sees is close. But before we even do that, I guess we would have to get this worked out first. And if using GMT Offset, then my way of getting open price is what I think we'd need to use.

Regards,

Don

Dear beehjae,

My chart looks like trade4fun's chart, nothing more & nothing less.
I did also another long during our night in Europe, based on Samir weekly and TF 4 hours cause set up was not good on TF 1h & Samir Daily, i took some pips but not a lot.
I also sell the basket today just testing the set up but as you know already it is better to avoid trading friday afternoon.I am loosing what i have earned early.
Hope it helps :-)

Have a good week-end folks.

I want to share with you my MACD.
It will make you happy cause first it looks better ( the cross are very clear) and there is an alert, so you can stay afk it will alerts you for take profit.

ichtus,

thanks a lot man, that is an awesome indicator! i really appriciate it.

also that sell i did i closed it around -150 pips.

i did some backcheck on why it went so wrong, not just because of samir.

and check this pic. i never seen something like this before. look at the CAD. the Cad is the only currency that is strong fo ra slow period of time. in that time i did my trade and got burned.

so my idea is when something like this happen, dont trade. any other suggestions?

Kosomolate,

Where can I find the profitlockerEA?
Thak you very much for your answer!

I see guys, i thought you were able to see a long entry around the box I illustrated below. I was also anticipating a short entry yesterday (friday) but... well, wife needs some help, so I wasn't able to watch NY session.

I hope we can get good entries next week.

as for the "recent strength" indi, my experience with it, is it does lead more than Kosmolate's rules altogether. but as with any leading indicator, it gets you to more whipsaws (like yesterday).