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Indicators development for T101's not very simple method

  • #2,861
  • Aug 13, 2010 4:09am Aug 13, 2010 4:09am
I need an Help...

I wander if there is a problem with the great work of OREST:

Within the T101_V1.x_OREST there is:

if (StringLen(Buy_pair_1)>0 && iOpen(Buy_pair_1, tf, bars_back)!=0)
{
spread = MarketInfo(Buy_pair_1, MODE_SPREAD)/ECN*dPoint(Buy_pair_1);
period_starts_5min = iTime(Buy_pair_1, tf, bars_back)+60;
bars_period_starts_5min = iBarShift(Buy_pair_1, PERIOD_M1, period_starts_5min);
open_5min = iOpen(Buy_pair_1, PERIOD_M1, bars_period_starts_5min);
GBPUSDm = iOpen(Buy_pair_1, tf, bars_back);
GBPUSDm_now = MarketInfo(Buy_pair_1, MODE_ASK);
GBPUSDm_pips = (GBPUSDm_now-GBPUSDm-spread)/dPoint(Buy_pair_1);
GBPUSDm_pips_5min = (open_5min - GBPUSDm - spread)/dPoint(Buy_pair_1);
}

As you can see OREST divide the variable "spread" with "point" cooficient TWICE. Is it O.K.?
  • #2,862
  • Aug 13, 2010 4:14am Aug 13, 2010 4:14am
I have another problem, but now with T101_dashbord_zz:

What is the meaning of the variable:

extern string estrDateFormat = "----- yyyy.mm.dd hh:mm -----";
extern string estrOpenDate = "";

I see that this variable influance the results very much..!

Can somebody explain it, please.

Yours.
  • #2,863
  • Aug 13, 2010 5:20am Aug 13, 2010 5:20am
Quoting hazelj80
well i didn't create it....
good day to all!!i've use the offlinechartEA on the above link...but when i attached a volume indicator,,,volume wont update on new bars,,,have anybody experience such problem?
  • #2,864
  • Aug 13, 2010 8:02am Aug 13, 2010 8:02am
I would like to get this indicator to have email alert feature BBands_Stop.

Could someone add the email alert to this indicator or post how to do it?

Thank You
FW
  • #2,865
  • Aug 13, 2010 9:33am Aug 13, 2010 9:33am
TO EVERYONE:
As far as profitability:
Even with ALL the screw-ups that my personal EA made this week, I still was able to get out with 10% gain (first lost 5%, then gained 15%, and that 15% was less than or about half the move short this week, so 30% was possible at least). The pips that was available: Approx. 3,000.

I just use my BuysVsSells indicator, but have a time problem I'm trying to overcome right now to make the indicator do what it needs to when it needs to, even if given incorrect (week old) information by MT4 server for iTime(NULL,PERIOD_W1,0) on Sunday evening, which makes my indicator not reset at 22:00 GMT, but during the night, when MT4 starts giving up-to-date info for iTime(NULL,PERIOD_W1,0). I have code that I'm implementing hopefully today to overcome MT4's shortcoming, although there's just a small window on Sunday evening to test it (and most of the time Sunday night, I'm not looking to code/fix code, so I just try and take physical or mental notes so that I can think about and fix later).

Other than that, profit-locking has the new numbers in my EA, but profit-locking is not working it doesn't look like at one point, and then it does at another point. So I have to get the indicator resetting correctly, then the EA resetting correctly (both use GMT time, which just like old OpenTime, uses iTime(NULL,PERIOD_W1,0) which gives Sunday at 00:00 on all brokers, so is the same on all brokers, that I can then add 22 hours to, to find Forex Week Open, and then add Broker's GMT Offset to, to synchronize brokers to all start on the same bar every week, where they do not without the GMT Offset code).

On the picture attached, you see a candle indicator I'm working on to show lines at high and low of buyall line for each day of week, to be used next day of week, starting Tuesday. I thank trade4fun for the idea, although he was wanting the idea placed on BuysVsSells indicator. Each indicator has it's purpose. It was better to put this on BuyAll line, where BuysVsSells shows real possible gains (used to, if using UseCurrencyValue set to True, you see gains if trading one mini lot per pair; if set to False, you see pure pip gains. But I have taken out that ability, since I always use spreads and always use pip currency value for each pair, so that any of my indicators ARE replacements for Julius' IA).

Regards,

Don
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 5.jpg Size: 176 KB
  • #2,866
  • Aug 13, 2010 9:35am Aug 13, 2010 9:35am
mithras,

the other setup on your chart:
when price goes back above the MA, then when it goes back below MA, the same setup you saw before with lower indicator going below 50 happened. Is this correct? (not saying that I could code it, since MA is going up when you sell, so other rules would have to be used instead of MA direction; and price crossing MA happens much more often than that, so there would need to be a way to filter out bad trades, right?)

Regards,

Don


Quoting 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?
  • #2,867
  • Aug 13, 2010 10:17am Aug 13, 2010 10:17am
Quoting crossy
I need an Help...

I wander if there is a problem with the great work of OREST:

Within the T101_V1.x_OREST there is:

if (StringLen(Buy_pair_1)>0 && iOpen(Buy_pair_1, tf, bars_back)!=0)
{
spread = MarketInfo(Buy_pair_1, MODE_SPREAD)/ECN*dPoint(Buy_pair_1);
period_starts_5min = iTime(Buy_pair_1, tf, bars_back)+60;
bars_period_starts_5min = iBarShift(Buy_pair_1, PERIOD_M1, period_starts_5min);
open_5min = iOpen(Buy_pair_1, PERIOD_M1, bars_period_starts_5min);
GBPUSDm = iOpen(Buy_pair_1, tf, bars_back);
GBPUSDm_now...
Can somebody PAY A SMALL ATTENTION for this..?
  • #2,868
  • Edited 11:47am Aug 13, 2010 11:17am | Edited 11:47am
Quoting disbellj
mithras,

the other setup on your chart:
when price goes back above the MA, then when it goes back below MA, the same setup you saw before with lower indicator going below 50 happened. Is this correct? (not saying that I could code it, since MA is going up when you sell, so other rules would have to be used instead of MA direction; and price crossing MA happens much more often than that, so there would need to be a way to filter out bad trades, right?)

Regards,

Don
Don

yes, exactly. MA is only a way to filter out bad trades, and we may use other stuffs we like to filter out bad trades. ( so T101 method cannot be used SOLELY, not useless, as I said before. And what we need is the Entry point, like what hazelj80 said) And, for me , when Price break MA ( no matter the direction of MA is up/down) and my MRSI fall below 50, it is a must sell signal (for me). You know , in a choppy market, Price cross MA happens usually. But I still trade but with a tight risk management and other trading skills.

my lower indicator is a multi currency RSI. I put it on the chart to show me the strengths of main currencies after I read the Whole picture ( like Don's Dashboard and hazelj80 offline chart [ it is very useful I think, it shows everything I need in a chart, thanks hazelj80 again) ] .

the reason why I do not trade all 14 pairs ( though I know the power of 14) is that I only wanna trade 1 currency per trade. With the help of dashboard and offline chart, I do earn some little money from it, and my hit rate is 65-70% so far.

Correct me if I am wrong and sorry for my bad english

Mithras
  • #2,869
  • Aug 13, 2010 3:10pm Aug 13, 2010 3:10pm
crossy,

if someone takes spread into account twice, that would be wrong.
If someone subtracts spread from bid instead of adding spread to bid, that would be wrong.
this is why I use my indicators to judge the rest against. I count spread and currency value just as Julius' original IA, so my indicators are a replacement for Julius' IA.

But since I didn't code others' stuff, I say what I find wrong, but normally leave it for them to fix (lest I mess up something else, like I did when I tried to change zz's indicator. note: last zz indicator revision was done by zz himself, which was good he made the changes needed to his indicator).

Regards,

Don

Quoting crossy
Can somebody PAY A SMALL ATTENTION for this..?
  • #2,870
  • Aug 13, 2010 3:14pm Aug 13, 2010 3:14pm
Doesn't sound wrong to me. If it works for you, go ahead and make them pips you can! it's just that I see a lot of crossing, as you say, and figured you'd need more of a filter besides RSI. But if RSI works for you, and you're not trading but only one pair, with a scalping mentality (correct me if I'm wrong), then I can see how it works for you.

Regards,

Don


Quoting mithras
Don

yes, exactly. MA is only a way to filter out bad trades, and we may use other stuffs we like to filter out bad trades. ( so T101 method cannot be used SOLELY, not useless, as I said before. And what we need is the Entry point, like what hazelj80 said) And, for me , when Price break MA...
  • #2,871
  • Aug 13, 2010 4:56pm Aug 13, 2010 4:56pm
Hey, That, thanks a lot for your info. I am glad that you also make progress on T101. I'll definitely work this offline chart out then.

Quoting IamTHAT
charvo,

This offline chart is almost perfect for T101 and it truly reflects the basket.
  • #2,872
  • Aug 14, 2010 12:23am Aug 14, 2010 12:23am
Quoting disbellj
TO EVERYONE:
I just use my BuysVsSells indicator, but have a time problem I'm trying to overcome right now to make the indicator do what it needs to when it needs to, even if given incorrect (week old) information by MT4 server for iTime(NULL,PERIOD_W1,0) on Sunday evening, which makes my indicator not reset at 22:00 GMT, but during the night, when MT4 starts giving up-to-date info for iTime(NULL,PERIOD_W1,0).
Don,

This sounds very similar to your iTime problem http://www.forexfactory.com/showpost...&postcount=276

Might give you some guidance in solving it.
  • #2,873
  • Aug 14, 2010 12:57pm Aug 14, 2010 12:57pm
Quoting disbellj
crossy,

if someone takes spread into account twice, that would be wrong.
If someone subtracts spread from bid instead of adding spread to bid, that would be wrong.
this is why I use my indicators to judge the rest against. I count spread and currency value just as Julius' original IA, so my indicators are a replacement for Julius' IA.

But since I didn't code others' stuff, I say what I find wrong, but normally leave it for them to fix (lest I mess up something else, like I did when I tried to change zz's indicator. note: last zz indicator revision...
Thanks for your response.

Julius recomaned at his first posts that he does not prefer using his method by EA, just using the "Protector" as an EA for closing trades...

But we do not like to stay at the front of the sceen for a long time, so we prefer the EA, so maybe you do not use his method without an automatic expert for entering and exiting..

Good luck.
  • #2,874
  • Aug 15, 2010 8:01am Aug 15, 2010 8:01am
krunofx,

Thank you for the information. I have made some code that I think will get around the problem and will test it tonight. If it doesn't work, then I'll look at zz's code he has given me and also the clips of code you showed me. Either way, even if it hasn't gotten fixed, and even if it takes multiple weeks for it to get fixed, I now have a couple more avenues to look for help if it's not fixed.

Thank you.

Regards,

Don


Quoting krunofx
Don,

This sounds very similar to your iTime problem http://www.forexfactory.com/showpost...&postcount=276

Might give you some guidance in solving it.
  • #2,875
  • Aug 15, 2010 8:08am Aug 15, 2010 8:08am
crossy,

I know Julius didn't want EA made out of his method(s).

Quite frankly, making an EA helps me to understand a method more clearly. And making EAs using Julius' "rules" gave me more questions than answers. Just on the basket alone, I have seen over the many posts on these threads by Julius, like 4-5 entry methods just for the basket. So I don't use Julius' methods since to me even after all these pages the rules are not clear. Now I do have what I think were his original rules, but I don't use those. I see the "profit" of the system, looking at Julius' IA information from a different perspective and work with the BuysVsSells indicator. My backtest indicator has the same math, and was made by me to be used to "backtest" the method using pair colors, slots, pair position, total of buys and sells, etc.)

I do not have the patience to look at charts although I have the patience sometimes to code (go figure), plus I'm an emotional person, so my plan has ALWAYS been to use EAs. That's why I started learning Forex and mql4 almost simultaneously end of 2007.

Regards,

Don


Quoting crossy
Thanks for your response.

Julius recomaned at his first posts that he does not prefer using his method by EA, just using the "Protector" as an EA for closing trades...

But we do not like to stay at the front of the sceen for a long time, so we prefer the EA, so maybe you do not use his method without an automatic expert for entering and exiting..

Good luck.
  • #2,876
  • Aug 15, 2010 9:21am Aug 15, 2010 9:21am
Quoting disbellj
crossy,

I know Julius didn't want EA made out of his method(s).

Quite frankly, making an EA helps me to understand a method more clearly. And making EAs using Julius' "rules" gave me more questions than answers. Just on the basket alone, I have seen over the many posts on these threads by Julius, like 4-5 entry methods just for the basket. So I don't use Julius' methods since to me even after all these pages the rules are not clear. Now I do have what I think were his original rules, but I don't use those. I see the "profit" of the system,...
Dear Don, I looked for this Indicator, but...

Can you please share it?

thanks
  • #2,877
  • Aug 16, 2010 10:03am Aug 16, 2010 10:03am
Hey Gents, Just wanted to introduce myself and mention that I think i'll be spending a lot more time in these waters. The 101 method really peaked my interest and this thread has a wealth of info in it (Spent 6 hours yesterday reading all of it).

Anyhow, my question is simply technical based. I'm migrating over from Multicharts/Tradestation and don't have much MT4 experience so maybe these issues are just basic platform stuff I don't get yet, but after hours of screwing around (and searching this thread for answers) I can't seem to resolve the issues.

They are:
- Semir DAILY trades doesn't seem to populate. (Virtual works perfect).
- BI_101_OTR_V1_5 doesn't seem to scale correctly in the indicator window.

I've attached an image of what i'm talking about. I would appreciate any help you could provide me!

http://hosting11.imagecross.com/imag...97Untitled.png

I'm going to start posting some trades up to confirm i'm approaching this the correct way and hopefully to keep this great thread alive!

Cheers!
  • #2,878
  • Aug 16, 2010 12:27pm Aug 16, 2010 12:27pm
Quoting daedalus
Hey Gents, Just wanted to introduce myself and mention that I think i'll be spending a lot more time in these waters. The 101 method really peaked my interest and this thread has a wealth of info in it (Spent 6 hours yesterday reading all of it).

Anyhow, my question is simply technical based. I'm migrating over from Multicharts/Tradestation and don't have much MT4 experience so maybe these issues are just basic platform stuff I don't get yet, but after hours of screwing around (and searching this thread for answers) I can't seem to resolve the...

your BTR indicator does not have enough history. you may need to download some more

I have no idea why the samir daily isn't working. maybe the same problem. you need more hostory because mine is looking correct although i hve samir original pairs. i just changed the pairs myself. I dont care too much for the universal pairs anymor.
  • #2,879
  • Aug 17, 2010 10:34am Aug 17, 2010 10:34am
What are you guys using instead of the expired 2ProtectAccount to manage these trades for you all?
  • #2,880
  • Aug 17, 2010 12:43pm Aug 17, 2010 12:43pm
some are not using them. They are just using other signals to close trades. some of us have private locking EA's that we will not post and others may have unlocked the protect EA's but we are not allowed to post them because it is commercial if you want to buy it for 5.00 USD
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