Indicators development for T101's not very simple method

Kosomolate,

For a new long entry, I added requirement that MACD-Main > MACD-Signal. For a new short entry, I added requirement that MACD-Main < MACD-Signal. Otherwise, many entries are immediately followed by exits.

Use the attached indicator to verify entries/exits per your entry/exit rules.

Once entries/exits are confirmed, I will add in SL. I'm going to need a more detailed definition of "SL is recent/nearest low/high". There are too many ways to interpret this statement.

Hi zznbrrm!

thats ok sir, I wll try it and report back

thanks

kos

I've been reading these two threads (T101 & T101 indicator) for the last 2 months.

I've officially decided to start live-trading today. My speculation for this week is Buy 14.

Reason:
USDCHF MACD (bull), USDJPY MACD (Bull), T101_BuyAll Pairs (Bull), MultiMACD (Bull), T3 RSI (Bull), SP500 VIX (bear), Gold (bear).

Fundamentals reasoning:
CHF & JPY are carry-trade currencies, therefore when investors have risk-appetite, these will be 'sold' for the higher-risk currencies.

VIX being bearish indicates risk-appetite is increasing because investors are becoming comfortable.

Gold is bearish, same as VIX.

Opinions?

Lame...

Buy 14 was a great decision. Had 28 mini-lots positioned, they were in the +300$ range, so I set my SL to +10$.

Well that was triggered briefly, only to rally right back up to +1600$ in the wee morning sleeping hours

Well...

After a nice upward trend (that I completely missed), it seems that the major trend (bearish) will kick in within a couple hours.

Reason:
T3 RSI: lower highs forming, MACDMulti: Convergence, USDCHF/USDJPY MACD are bearish.

Also:
VIX is below its 200-MA for a 3-month low which could be counter-intuitive of a bearish trend (meaning I could be wrong and this could actually be a strong continued bull trend).

Signal to look for:
T101 Buy_allpairs MA's needs to converge.

Many thanks! ZZ, I didn't know that an indicator could be so informative. Very nice indicator!

However, judged by the indicator's readings, it seems that the profit is not consistent either on 1H or on 4H timeframe. I doubt if long term these rules may be profitable.

this is only first impression, i'll keep reading it for some days.

by the way, the trend magic remains white on my MT4, (it doesn't change color) and I check code, white is the only color?

As currently coded, it does not appear to be profitable at all. We have to see what Kosomolate has to say about the accuracy of the entries/exits.


Since Kosomolate does not care what the color of the line is, I left it as just 1 color.

I've noticed setting a buy 14 trade at the beginning of every week (sunday) has been extremely profitable.

1.0 Minilot, 0.1 standard

07-18-10 -> 07-26-10 P/L: +1000
07-26-10 -> 08-01-10 P/L: -100
08-02-10 -> ongoing PL: +1000

Could someone back-test this strategy to confirm that last couple of weeks?

zz,

Kos' broker Alpari UK opens one hour later than other brokers I've tested. IBFX opens the same time EDT, although Alpari UK is GMT+2, whereas IBFX is GMT+0.

To add GMT, you can choose to have a user input Broker_GMTOffset where the user inputs the offset. You can make it to where the user can decide to use GMTOffset or not.

extern string BGMTO = "Broker GMT Offset";
extern bool Use_Broker_GMTOffset = False;
extern int Broker_GMTOffset = 0;

Then the following code can be put into start():

//For comments, to make sure Broker_GMTOffset is correct
GMT_Time = (TimeCurrent()+((-Broker_GMTOffset)*60*60));

int OneSecond = 1;
int OneMinute = 60*OneSecond;
int OneHour = 60*OneMinute;
//From http://www.forexmarkethours.com/ :
//Forex market welcomes traders 24 hours a day.
//Forex market opens on Sunday 5 pm EST (10:00 pm GMT), closes on Friday 5 pm EST (10:00 pm GMT).
Broker_WeekOpenTime = iTime(NULL,PERIOD_W1,StartWeeksBack);
if(Use_Broker_GMTOffset == True) {
GMT_Forex_WeekOpenTime = Broker_WeekOpenTime+(22*OneHour);// We add 22 hours to 00:00 GMT to make 22:00 GMT, which is 10 PM GMT, which is Forex week start time per ForexMarketHours.com.
Forex_WeekOpenTime_ThisBroker = GMT_Forex_WeekOpenTime + (Broker_GMTOffset*OneHour);// We add Broker GMT Offset to GMT Forex Week Open Time to get the Forex Week Open Time for This Broker.
StartBar = iBarShift(NULL,0,Forex_WeekOpenTime_ThisBroker);
StartBarTime = iTime(NULL,0,StartBar);

if(StartBarTime < Forex_WeekOpenTime_ThisBroker) {
StartBar = iBarShift(NULL,0,Forex_WeekOpenTime_ThisBroker)-1;
StartBarTime = iTime(NULL,0,StartBar);
} else {
StartBar = iBarShift(NULL,0,Forex_WeekOpenTime_ThisBroker);
StartBarTime = iTime(NULL,0,StartBar);
}
} else if(Use_Broker_GMTOffset == False) {
StartBar = iBarShift(NULL,0,Broker_WeekOpenTime);
StartBarTime = iTime(NULL,0,StartBar);

if(StartBarTime < Broker_WeekOpenTime) {
StartBar = iBarShift(NULL,0,Broker_WeekOpenTime)-1;
StartBarTime = iTime(NULL,0,StartBar);
} else {
StartBar = iBarShift(NULL,0,Broker_WeekOpenTime);
StartBarTime = iTime(NULL,0,StartBar);
}
}

Then you can put this into comments:
"For real GMT Time, check: http://wwp.greenwichmeantime.com/" + "n" +
"User inputs are correct if real GMT Time is: " + TimeToStr(GMT_Time) + "n" +
"Broker GMT Offset = " + Broker_GMTOffset + " (user input)" + "n" +
"---------------------------------------" + "n" +
"Broker Server Time Now = " + TimeToStr(TimeCurrent()) + "n" +
"---------------------------------------" + "n" +
"Forex Week Open Time In GMT Time = " + TimeToStr(GMT_Forex_WeekOpenTime) + "n" +
"Forex Week Open Time On This Broker = " + TimeToStr(Forex_WeekOpenTime_ThisBroker) + "n" +
"StartBar = " + StartBar
);

In comments on chart, "real GMT time" should be the same time as http://wwp.greenwichmeantime.com/, and StartBar should be the same number on all brokers if GMTOffset set to right value. This means that some brokers will start on the second bar of the week, and some will start on the first bar. However, this synchronizes brokers, and unless this is done, there is no way that different users across brokers will have even close numbers. At least doing this, we have only differences in price and spread, not in broker open time, since this code does away with that.

Knowing you, you probably have code that makes it even easier on user to do this, so they don't even have to input one thing. But this is the best code I have for it, that I use with my indicators sometimes that I make now.

Is this going to fix the strategy all by itself? No. But this is a piece of the puzzle as to why what I see on my broker is different than what Kos' sees on his broker.

Also, there's code I put before i=StartBar;i>=0;i--) :

if(Time[0] == StartBarTime && Bars > a) {
for(int i = Bars;i>StartBar;i--) {
ExtMapBuffer1[i] = EMPTY_VALUE;
ExtMapBuffer2[i] = EMPTY_VALUE;
ExtMapBuffer3[i] = EMPTY_VALUE;
ExtMapBuffer4[i] = EMPTY_VALUE;
ExtMapBuffer5[i] = EMPTY_VALUE;
ObjectsDeleteAll();
Comment("");
a=Bars;
}
}

I haven't tested it, but hopefully it will make my BuysVsSells to redraw and start over correctly at the right time each week, by wiping out the past data in the buffers at the time we want it to start over drawing buffers. Right now, for some unexplainable reason, my BuysVsSells uses last week's data until sometime Sunday night/Monday morning, hours after it should start at GMT 10PM/22:00 Sunday.

Anyways, hope this helps.

Regards,

Don

First thanks to Orest for his fantastic work, and T101 you are a great inovator!!

I have a quation about T101_v1.15_orest: I do I put it on a sepatate window on upon the chart window?

Thanks!!

Actually, I have made other EAs, and none of them are trading right. Profit-locking has stopped working on my latest ones too. For this reason, I'm quitting programming. I can't even program the free ForexSuperSonic EA and it work correctly (PDF was free, I decided to code my own EA instead of pay for one). Pathetic.

Problem I found and couldn't overcome: My BuysVsSells or baacktest indicators both use what broker gives with iTime(NULL,PERIOD_W1,0) as broker start time for week, and then works from that info to find correct bar. Whether using GMT Offset or not, on Sundays iTime still gives week open as last week, and doesn't give the correct information until sometime in the middle of the night Sunday-Monday. I know it's correct Monday, but the lines drawn as well as calculations are added on last week instead MT4 showing this week as it should and calculations going to this week during Sunday night. So no matter what I do, it uses last week as start time until Sunday-Monday during U.S. night, and just one more thing that makes it seem MT4 is created for failure, and I'm tired of fighting it. Anyways, hope ya'll find something and can get it coded one day. Best wishes. I give up.

Regards,

Don

Pity, i use to think that the core of the t101 method is holy grail......

...still a system needs trend.

Yes, it is a system needs trend.

I have traded according to this method for 2-3 months. I have back tested this system for more than 2 years data. And my conclusion ( may be wrong) is that.
It has some unstable correlation assumptions in this system.

If you use this system to trade in 2009-2010 and the first 3 months of 2010. yes! you can earn money from it easily.

But in this month, I think no one can earn even a pip from this method SOLELY (it mean you have to cooperate with different methods), mainly because of the fundamentals ( check USD/JPY if you interest).

T101 method does have a lot of potentials. It shows me a whole picture of forex market and tells me what's going on in the forex market. But you may only use in a trend ( some may say every system works in a strong tread !)

IMHO, we should spend more time to learn about the relationship between EUR,CHF and GBP, and with the help of the great t101 method, we may take some low risk trade. I will upload some pictures in this thread. So I hope we may discuss this idea more

Sorry for my very bad english

Mithras

it's my way to trade ( I checked the T101 Orest EA to find out what's going on first)

You see, when Aqua line fell below 50 and Price broke MA. You know what to do


And, you may find another trade opportunity from this pic. Can anybody show me?

you should have made at least 1500 this week. you can't see the movment becuase there really is not movmement on one chart. that's why you need to focus on the power of 14. trading less is less volatility. so when people say flat. i say "what?! this market isn't flat at all!" it may range but form t101, you should at least get 1000 pips a week, if you are not, then you may want to use a different method of entry. Kos method will work if you see what he circles and how MACD is used and don's method will too. you can clearly see that this wa s sellers market this week with over 2000 pips in movment.

study kos pictures and don's indicators more/harder and you'll see.

see basket chart attached. i can see what you guys cannot. still working on private programming. sucks to see money pass me by but it's always there, every week.

Nice idea hazelj ... you have created a "synthetic pair" with all pairs (14) .. and you used indicators on this synthetic pair..

well i didn't create it. thank finimej for that one. i posted a line a while back. like at the end of June:

http://www.forexfactory.com/showpost...postcount=2616

she created it to see what is really happening rather than having one pair carrying the whole basket and trading off of that. Julius said that was dangerous to do when someone asked if they could base the movement on just gbp/jpy or other jpy pairs. 1.5 yrs ago almost just because they're usually powerful doesn't mean they always will be one day or the next.

Hazel, hope you can succeed in your development! Good luck.

so this finimej's offline chart may run/refresh in real time, and work ok with attached indicator?

(sorry, i was dumb and always got lost when trying to set them up......)

thank you! yes they will work with any indicator in here just about. at least all the ones I know of and even run EA's and they run in real time without having to refresh. once all pairs update you use, the candle will move.

word of advice on offline charts: if you have a gap in the history, then start over and erase the history that they create. what you should do before you attach the chart is hit F2 and highlight every pair original and universal of every time frame. takes a few minutes but it will make the charts work right every time. if not, then it's the platform your using.

charvo,

This offline chart is almost perfect for T101 and it truly reflects the basket. Have 3 charts H1,H4 and M15 and you don't need anything else. You can have all the indicators (normal or custom) on it.
I have done a couple of Live trades with it's help and I am happy. Now I need to devote more time to it.
Here is my H4 chart and I have used TrendMagic as well as another custom indicator(Golden string something) purely for study purpose. Sometimes I even use this chart for trading individual pairs to gauge the mood of the market.