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Indicators development for T101's not very simple method

  • #2,821
  • Jul 26, 2010 5:52pm Jul 26, 2010 5:52pm
Quoting fxforex
Since the Basket EA failed, no one able to provide better solutions. In my point of view, we need to start with the basic and avoid using certain pairs as the indicators to represent the basket. Is better to have the basket indicator. Maybe Kos, has more advances methodology....
disbellj indicators will tell you more than most people think. his indicators helped me study t101 basics trading 14 pairs and trading all 14 is the best thing to do. Even Julius said that and it still holds true no matter what methods you try within this method. it can be done all the time week in, week out. you can just look at them and see that there were at least 2500 pips last week you could have made. I urge people to study it and you see a pattern, a repeat of the same movie every week. now it doesn't happen in the same place, but it will happen in the same way and once you use the back test function, you'll see what i mean. Julius gives all the answers you need in the 1st 20 pages of his thread and Don's indicators will show you something you probably have missed. he's right, there's no need to read candles which means you only need to read the price patterns themselves. so that means he's also correct in saying you do not need to draw any lines at all on your chart. no fib's, s/r none of that. just read the patterns in buysvssells and the pair moments.

that's all I will say about it. the discovery is up to the individual...

good luck to everyone
  • #2,822
  • Jul 28, 2010 9:38pm Jul 28, 2010 9:38pm
Hi.. MItraas!

Which indicator do you use?

How do you detect correct entry/exit timing?

No sorry for english, spanish here

Thanks


Quoting mithras
after 12 minutes

It's what I called "special news trading of T101"

Sorry for my bad english
  • #2,823
  • Jul 29, 2010 5:07am Jul 29, 2010 5:07am
Hi all,
I don't mean to discredit this basket method, its very brilliant though difficult to grasp, but if any one is finding it hard to rake in the pips, why not try this kos method on individual pair like EU, GU or other cool pairs. I dont want to start a thread cos I may not be able to babysit or support it due to time constraint.

But as it stands TM and MACD will make you money on the Time Frame 1HR and above, its especially very good for 4HRS for those who cannot screen-watch.

TM for entry and MACD for exit

But if anyone can come up with a better exit strat. advance it and lets see. cos MACD gives back a bit more than I am willing to do, but I live with it since I have not found a better way to close up.

Nonetheless, even at that you will still be profitable at the end of the week or month, attached are trades of from thursday to thursday today.

so far 7 trades 5 winning 2 losses for +520 pips

kos
Attached Image (click to enlarge)
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John 3:16 - From THIS love no power on earth can me sever.
  • #2,824
  • Jul 29, 2010 11:43am Jul 29, 2010 11:43am
Kos,

If you're saying use bar closing on top side of TM being for Buy, with SL below last swing low, and BuyClose being with MACD crossing down and closing would exit trade, those rules could be put into EA easily. The last EA Robert uploaded could be used, since it has MACD and TM code and rules already in there. Only thing would be to remove some code and replace profit-locking numbers with latest numbers.

Sure wish it would have been explained like this to begin with (I still don't know if you wait for bar to close or not for MACD, although you did wait for bar to close on TM if I remember correctly). We'd have an EA already for awhile now.

Regards,

Don


Quoting Kosomolate
Hi all,
I don't mean to discredit this basket method, its very brilliant though difficult to grasp, but if any one is finding it hard to rake in the pips, why not try this kos method on individual pair like EU, GU or other cool pairs. I dont want to start a thread cos I may not be able to babysit or support it due to time constraint.

But as it stands TM and MACD will make you money on the Time Frame 1HR and above, its especially very good for 4HRS for those who cannot screen-watch.

TM for entry and MACD for exit

But if anyone...
  • #2,825
  • Jul 29, 2010 11:59am Jul 29, 2010 11:59am
Quoting Kosomolate
Hi all,
I don't mean to discredit this basket method, its very brilliant though difficult to grasp, but if any one is finding it hard to rake in the pips, why not try this kos method on individual pair like EU, GU or other cool pairs.
For the sake of better understanding entry and exits, can you please provide the same analysis for GU H1 for the weeks of 7/4 and 7/18?

These weeks seem to be less trendy. An analysis of these weeks would certainly provide important details into the entry/exits of less-than-ideal market movements.
  • #2,826
  • Jul 29, 2010 3:09pm Jul 29, 2010 3:09pm
Hi kos,

i have been out for 2 weeks at this moment. completely focussed. well obessed with T101 and your strategy.

from monday till thursday i had done 8 trades. and today was the first bad one. actually it should have opened it more early. but i was so tired that i was sitting in my chair and stairing at the screen and forgetting to press the button. so i entered the trade 20 minutes to late. so it went downhill to stoploss of 560. so far this week i am +430 pips.

my only problem is exit strategy. MCAD is not enough.

MCAd is a great exit strategy for a longer period. but how do you know if we enter a long period? this week i closed every trade using the 2protectaccount instead of MCAd.

and only july 27 closing on mcad would have been really nice. the 2protectaccount closed it to early.

if we can indentify a long trade use mcad to exit. if we can indentify a short trade use 2protectacount Ea from julius. then the system is complete in my eyes.

it is just that last straw that i can not grasp. i am missing something. and i know i am so close.

so lets focus on exit strategies. anybody ideas?
  • #2,827
  • Jul 29, 2010 6:39pm Jul 29, 2010 6:39pm
Quoting disbellj
Kos,

If you're saying use bar closing on top side of TM being for Buy, with SL below last swing low, and BuyClose being with MACD crossing down and closing would exit trade, those rules could be put into EA easily. The last EA Robert uploaded could be used, since it has MACD and TM code and rules already in there. Only thing would be to remove some code and replace profit-locking numbers with latest numbers.

Sure wish it would have been explained like this to begin with (I still don't know if you wait for bar to close or not for MACD, although...
Hi Don,

I dont wait for MACD bar to close, cos that would give too much profit back, once the bar opens and I spot the deviation between signal and main lines, thats my exit.

If you can do an EA for it, beautiful, at least while we are waiting for BTS trades to line up it can keep us busy, and for those who find the application of this strat to BTS hard, they can fall back on one pair way like this.

If you want it out of public forum, no problem, the only part I still look at is the exit. MACD hands back a bit more than I am willing to give back. look at my reply to zzbrm and see what I mean.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,828
  • Jul 29, 2010 6:54pm Jul 29, 2010 6:54pm
Quoting zznbrm
For the sake of better understanding entry and exits, can you please provide the same analysis for GU H1 for the weeks of 7/4 and 7/18?

These weeks seem to be less trendy. An analysis of these weeks would certainly provide important details into the entry/exits of less-than-ideal market movements.
Yes Boss,

here are the analysis, though I can not produce the pips analysis bcos they are not taken live, the ones I did for this week were live trades taken by me when BTS is not linning up on 4hrs.

The rule of this one is that take all signals cos you dont know which is going to be the big one, and whenever the big one comes it compensates for the small losses incurred along the way. dont forget your MM, and you will be OK at the end of the week or month

put trend magic on you charts (not the wild ones anyway) and eyeball it. Dont mind the color, the only way I will accept that TM repaints is if a candle closes above it now and I later see the same candle below it, else I am comfortable with close/open above/below it signals,

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #2,829
  • Jul 29, 2010 7:02pm Jul 29, 2010 7:02pm
Quoting trade4fun
Hi kos,

i have been out for 2 weeks at this moment. completely focussed. well obessed with T101 and your strategy.

from monday till thursday i had done 8 trades. and today was the first bad one. actually it should have opened it more early. but i was so tired that i was sitting in my chair and stairing at the screen and forgetting to press the button. so i entered the trade 20 minutes to late. so it went downhill to stoploss of 560. so far this week i am +430 pips.

my only problem is exit strategy. MCAD is not enough.

MCAd is a great exit strategy...
Hi trade4money!

Thank God you are doing well with this, believe me I am with you but I only move to 4hrs TF, not many trades but the killer ones, you know what I mean.

The strategy has not changed in anyway and week in week out at least 1 or 2 good ones

weldone bro

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,830
  • Jul 29, 2010 10:05pm Jul 29, 2010 10:05pm
Kos:
What TM indicator are you using, can you post it or direct me to the version you are using? I grabbed the latest one put up on this thread, however there are no adjustments and it does not match up with your screenshots very well. so must be set a little differently I guess.
Thanks
  • #2,831
  • Jul 29, 2010 11:14pm Jul 29, 2010 11:14pm
Quoting Kosomolate
here are the analysis, though I can not produce the pips analysis bcos they are not taken live, the ones I did for this week were live trades taken by me when BTS is not linning up on 4hrs.
Thanks for posting.

Exits seem a little inconsistent (trade #3 and trade #9) at times.
  • #2,832
  • Jul 30, 2010 4:41am Jul 30, 2010 4:41am
Quoting zznbrm
Thanks for posting.

Exits seem a little inconsistent (trade #3 and trade #9) at times.
I know this is not within the scope of this thread, and I dont mean to divert attention from BTS development, but just something that would be working by the side as we wait for the killer trades of BTS.

zznbrm can you do an EA for this ?, I think its now clear to you and if you have any better exit, forward it and lets apply it even unto BTS trades, as trade4fun too has noticed that MACD for exit is delaying too much, though it has its own merits sometimes, especially in 4hrs TF

I am considering whether trailing would be fine instead of MACD for the one pair way IMO

If you want it out of forum, its ok by me, to avoid many versions on the same page, then after fine tuning we deliver to the forum.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,833
  • Edited 11:08am Jul 30, 2010 10:57am | Edited 11:08am
Quoting Kosomolate
I know this is not within the scope of this thread, and I dont mean to divert attention from BTS development, but just something that would be working by the side as we wait for the killer trades of BTS.

zznbrm can you do an EA for this ?, I think its now clear to you and if
Here is fine with me...thread does not get much action nowadays and the method can be applied to baskets.

Let's start with some requirements for the strategy. Alternative exit strategies can be applied later.

Indicators used:

TrendMagic (standard settings)
MACD (standard settings)

Enter a buy when:

- No open trades for symbol
- Previous Candle closed below TM line.
- Current Candle closes above TM line

Exit a buy when:

- MACD Main line closes below MACD Signal line

Enter a sell when:

- No open trades for symbol
- Previous Candle closed above TM line
- Current Candle closes below TM line

Exit a sell when:

- MACD Main line closes above MACD Signal line

Is this correct so far? Once the entries/exits are defined correctly, we will define the SL setting.
  • #2,834
  • Edited 12:27pm Jul 30, 2010 11:44am | Edited 12:27pm
Quoting AlbertoFX
Hi.. MItraas!

Which indicator do you use?

How do you detect correct entry/exit timing?

No sorry for english, spanish here

Thanks
Hi Alberto

(1)I am still using zznbrm's T101 Dashboard

For me, it's very profitable

(2) it's a long story, but for that case, GBP was the strongest currency ( as news announced) and GJ as you can see in the board , dropped unreasonable, then I just buy it. It's only one method of using this method ( in london session )

sorry for my bad english
  • #2,835
  • Jul 30, 2010 11:47am Jul 30, 2010 11:47am
Quoting Kosomolate
Hi all,
I don't mean to discredit this basket method, its very brilliant though difficult to grasp, but if any one is finding it hard to rake in the pips, why not try this kos method on individual pair like EU, GU or other cool pairs. I dont want to start a thread cos I may not be able to babysit or support it due to time constraint.

But as it stands TM and MACD will make you money on the Time Frame 1HR and above, its especially very good for 4HRS for those who cannot screen-watch.

TM for entry and MACD for exit

But if anyone...

Hi Kos and all,

Thanks for sharing this method to us. A good TM+MACD+Breakout+ FCL (may be?) combination.

Are you still waiting for all 14 pairs to line up?
  • #2,836
  • Edited 12:16pm Jul 30, 2010 12:05pm | Edited 12:16pm
um...

I wanna talk more about T101's not very simple method.

May be...

you found out that t101 method is not "stable" and "consistent" ( Monday it's profitable, but Tuesday I blow my account)

you found out that that's a lot of ways to "interpret" T101 method but there are contradiction among different ways

One day Kos provided us a good method. We open up a GJ chart+TM+MACD+ XXX indicators (to tell us LONG/SHORT/NONE/XXXX). It did work in the first day or some particular days. But it's still not consistent.

WHY?

Because of the correalation

IMHO, the core of T101 method is correlation.

and For me , the most precious part of this method is it tells me the "Strength" of different currencies.

I am now trading only 1-2 Pairs per trade (and no hedge [it's useless for me, Trading is a game of probability, it's gambling in nature and no "hedge" in gambling]) and only looking at zz's dashboard / Basket indicator.

(IMO T101 create an imbalance hedge but it's for indication purpose and for me it's not really necessary to trade 14 pairs, 6 or less is really enough)


the most difficult part is, you have to find out the "strength" and "correlation" of different currencies to determine which pair should be traded.


Sorry for my bad English. Correct me if I am wrong
  • #2,837
  • Jul 30, 2010 3:58pm Jul 30, 2010 3:58pm
bad week for me with the EA -9% !!
  • #2,838
  • Jul 30, 2010 3:59pm Jul 30, 2010 3:59pm
Quoting mithras
um...

I wanna talk more about T101's not very simple method.

May be...

you found out that t101 method is not "stable" and "consistent" ( Monday it's profitable, but Tuesday I blow my account)

you found out that that's a lot of ways to "interpret" T101 method but there are contradiction among different ways

One day Kos provided us a good method. We open up a GJ chart+TM+MACD+ XXX indicators (to tell us LONG/SHORT/NONE/XXXX). It did work in the first day or some particular days. But it's still not consistent.

WHY?

Because of the correalation

IMHO,...
Yes i think than the major correlation is very important with this method !!
  • #2,839
  • Jul 31, 2010 2:09am Jul 31, 2010 2:09am
Quoting zznbrm
Here is fine with me...thread does not get much action nowadays and the method can be applied to baskets.
Let's start with some requirements for the strategy. Alternative exit strategies can be applied later.
Hi zznbrm,
TrendMagic (standard settings)
MACD (standard settings)

Enter a buy when:

- No open trades for symbol
- Current Candle closes above TM line
- SL is recent/nearest low (I see this as the best place to put SL)
and that determines my lot size, anything that touches it there is definitely going that way.

Exit a buy when:
- MACD Main line < MACD Signal line


Enter a sell when:
- No open trades for symbol
- Current Candle closes below TM line
- SL is recent/nearest high (I see this as the best place to put SL)
and that determines my lot size, anything that touches it there is definitely going that way.

Exit a sell when:
- MACD Main line > MACD Signal line

This is the correct interpretation of the rules Sir, and the part that needs looking into is the EXIT by MACD.
thanks for the interest in the method and I know you are a good coder, that will do a good job of it.

Have a nice weekend
kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,840
  • Jul 31, 2010 3:18am Jul 31, 2010 3:18am
Hi Kos,

thanks for the reply. just waking up. totally exhausted. trading 24 hours a day aint easy, that is for sure.

the 4 hour chart would have been best this week that is for sure.

i just dont know when to go for 1 hour chart of 4 hour chart.

do you change depending on the monday?

today i am going to check the internet about exit strategies.

i will stare as long as the screen until my mind explodes. somewhere somehow there must be an exit strategy that is smiling in my face that i have not seen yet

have a nice weekend and see you later and that new strategy of yours seems intresting as well. when i am a bit more awake i am going to check that out as well.

thanks

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