Indicators development for T101's not very simple method

Hey Don

I gonna try find a way that we could reduce the SL from 560 pips to a lower number because I think it is important to get a beter RRR.

Hi all,

I need help on how to code the function on turn on and off the expert advisor when certain condition meet. Any link i can refer?
Very appreciate if someone can help.

Good luck!

xforex,

You'll need to look at mql4 forum at mql4.com, or google pdf book of mql4 manual to get better at coding I believe. Some coders are sometimes willing to answer your questions too, but you'll have to do some footwork too.

You would have to have like a boolean named e.g. TradeTime, and use if/else statements using that boolean, turning it on and off when certain conditons are met using < > >= <= and == mostly, with AND (&&) or OR (||).

for example:

at top of code under external inputs:

bool TradeTime;

under start():

if(Hour() >= 6 && Hour() < 8) TradeTime = True; else TradeTime = False;

Note: using GMT time in code, and GMT offset in user inputs can help synchronize brokers if you're looking for similar performance from different brokers, and in the example here we see hours 6 and 8 to encompass trading time. These numbers are not going to be the same between brokers, but if you had GMT offset, you could simply use the times in GMT like I've done it before and have the EA or indicator code to use subtraction between GMT and broker's server time to give GMT offset, so that strategies can be made to happen at same time across brokers.

then to exit a trade you may want to:
if(TradeTime == False) OrderClose(...);

and if entering a trade, you'll want to add to make sure it is within tradetime window, so would just add && TradeTime == True to buy and sell conditions.

Regards,

Don

fxforex,

This in one way of doing it:

hope this helped.

Please test your EA thoroughly on a demo account and satisfy yourself that it works as intended by you, before using it on a live account.

cheers.

Thanks disbellj & pgd.

Could someone please post buysellbasket momentim indicator...my system crashed and since morning..im searching for that indicator and could not find one...i found the one attached below...by the same name but it is not the one im looking for.

buy sell momentum indicator shows bars up and down with green and red bars...any idea...

Here's Alpari UK where I made 25% on demo account this week with my EA I've been either too busy or sick to mess with, so it's the same EA as I showed tests of for past month on and off.

Knowing I risk 7% which equals 560 pips SL, if I divide 25/7 = 3.57, and then 3.57 x 560 = 2000 pips this week on demo. Will be nice when it's not demo any longer and I got consistent gains on all MT4 brokers I test the EA on, but at this time, some brokers the EA loses on same weeks that other brokers the EA gains a good bit for the week, so I don't see the consistency yet, and know the EA could be improved.

But I know when someone says if you get 10%/year in an investment you should be happy with that, I can say I better get at least 10% per WEEK on EACH BROKER or I'll be figuring something's wrong and/or can be improved at least some.

Regards,

Don

Hi all,

I have test this following code on my EA. result ok, but the CTRL+E keep repeating and cause the MT4 halted.

Coding

#include <WinUser32.mqh>
bool ca;
if(ca==true) {keybd_event(17,0,0,0); keybd_event(69,0,0,0);}

How we can code it to release the CTRL+E after 30seconds?

OR i got another idea maybe can disable the live trade option when the ca==true.

Anyone can help me?

Hi Don,

In your opinion, what could be the reason why one single EA would give totally different results from one broker to another? I understand there may be differences in the spot, also differences in terms of spread, but how is it possible to make huge gains with one broker, while making losses with another one?

I have never tried to test one EA on various brokers at the same time, are such differences common?

Also, could you please share your version of your EA, so that I can have a try myself, and try to understand the differences?

Thanks

JL

The Basket method is realy Broker's depends not because of spread or some bugs, made by the brokers, but because it uses the IA, which is time-depended.

Here you have to improve a little bit your way of thinking on Julios's method, so you will be focus on the basic idea of the method.

Don, very good results. I got a little bit less USD profits but I lowered very much my risk, and DD (which is very important) was very small!!.

{Don, I do not know why you stoped PM me..- Poli}

jl83, crossy, and others,

I don't have much of an opinion. I haven't had time to test why. But since the latest version of my EA doesn't have my GMT offset code (since I removed it to see if zz's code worked alone, and have been adding my code back in a little at a time to get where it needs to be), then the hour difference does cause differences. This is why I plan to add my GMT offset code again, at some point.

Other than that, it's a very good question: Why would they be that different? They shouldn't be IMHO. I don't know if such differences are common or not, but my intention has always been to make at least one good EA (that's all you need), and let it run on multiple brokers to increase return vs just on one broker. If I make 20% on one broker, theoretically I'd make 100% on 5, since 5 x 20 = 100. The way I look at it, instead of one good employee, I'd have 5 with no more work added on my part since the work is getting the EA to be consistently profitable in the first place.

I'm not giving out my EA since I have no time or inclination to make chnages at this time. I'm still sick going on 3 weeks, getting better, but not well ye. On an anti-depressant that will take 2 weeks to get into my system, and I'm trying to get used to it, but feeling wired and confused - it's affecting my sleep since I can't seem to stay asleep more than an hour at a time, which is really an on-going separate sleep issue that has gotten worse through my sickness and now this medication. I have good days, but overall I'm still cloudy thinking. I already have a couple people I'm doing a little bit of coding for and still am lagging behind always, so I will not be putting more pressure on myself than already exists. I can't seem to meet the needs that are already there, so I hope you understand. I have nothing against anyone. I appreciate the help the coders gave me. But I also can't share on an open forum the code zz shared with me either, which is now included in my most recent versions of my indicators and EAs, without his permission, which he hasn't given me.

So all I will be posting, if anything, is that my EA is doing well or not. At this time, I'm not testing it much - except on one broker this last week. Not really doing much of anything because when I do, it totally drains me.

Regards,

Don

Here is the library Don is talking about.

Don, I wish you success with your trading!

hi don
can u tell me ho to calling your indicator buyvssell.
please make simple ea with your indi.
thanks

Hello zznbrm & others
I am trying to learn basket trading and i have been following this technique for couple of weeks now. i tried adding chart script and it say fxpro is not in the list of recognised brokers.

can you add this broker or help me fixing this issue.

Basketchartscript

thank You
Imran

i can tell you, i chickend out today at +70 pips. i actually was in a -348 before market was bounching back.

the market is way to hostile for me.

yen likes to go up. euro bounches back etc. to many currencies fighting each other, before the big bang news comes in 3 hours, so i am staying out of the market.

in theory, it should still go down, but as we saw last week that does not always mean a thing. the FOMC statement will have to much of an impact.

although myself i expect the news to be good for the dollar. i dont have the guts to trade on it.

mas toro,

double mybuffer1 = iCustom(Symbol(),Period(),"indicator name in quotation marks",user inputs divided by commas (what you see in Inputs tab when placing indicator),buffer number (numbers you see in Color tab when placing indicator), shift (0 for this bar, 1 for previous bar, etc.)

The above is how you call any custom indicator.

As far as EA is concerned, I've made myself clear on that for now. All the pieces have been given, including rules I use. If anybody cared about helping me improve the code, I would have been contacted by now, so I will not be giving my completed EA on this forum. I will improve and test it when and if I want to, with no one constantly asking me to make this change or that change, etc.

Regards,

Don

this market is completely sideways.

reason being is that the market tried to break out opposite of what the indexes are doing. the market tried to breakout downward but the indexes for each session are up.

this is simple.

just go to yahoo finance. they have all the world indicies listed under the 3 sessions: U.S Europe and Asia. Just take a look at which way they open . it's either up or down. if they open up, tyhey will most like move the basket up. if they move down, they will most likely move the basket down. easy. you don't have to analyze all the forex news. that's not what moves forex. you think they buy and sell currency just to trade it back and fourth? they do it because they either need to regulate the intrest rates of that country or they are buying up large and mid cap stocks. a lot of it. When they buy into the index, that currency gets weak. when they sell the index, that currency gets strong in forex. it has to because the money is leaving forex and entering into the stock and futures market. and vica verca. the basket should move accordingly. if it doesn't, just stay out. no real trades this week. you have done break even at best with the srpead counted.

aniother thing is you will not always get that 1000 pips trade every week. Julius didn't even catch them all the time. there were trades where he only locked in 210. sometimes you will too. but most trades will average 210-410 pips a basket. you take what you can get. there will be a lot of those trades all the time. don't be picky and just trade what you see. so unless you have a swing trade startegy, then don't try to guess and hold and just use the profitlock to get out you'll make more than you loose. this is what I see on charts this week.

Hazal i dont agree with you.

News is the most important . it control all. bonds, stocks, companies. people. everything.

FOCM news had a huge impact on the chart. or what about the news last week when bank of Japan inlfuenced the market. so yen goes down so it stimulates the export.

if you can predict the news, you can predict the future. you be rich.nothing to with indexes.

also no indicator could predict that market would go up. that is why it is important when you dont have a trade for at least +300 just go out. otherwise you get smoked.

I am a rookie trader, but knowing this kind of news. i was happy i went out. i took a small profit. but profit is still profit.

if you dont agree that's fine. i know what i have seen for a month. news will move the indexes and if you trading opposite of them, you'll loose. that's all there is to it. there's ALWAYS a connection. don't beleive me, just look for yourself and watch which way the basket runs at a certain time of day

i don't try to predict, i just trade what i see and if doesnt match, i don't trade it.

furthermore, this is not prediction, i am acting on what is happening on the chart RIGHT NOW, not what will happen or has happened. i think you're misunderstanding what i am trying to tell you guys.

there's correlation everywhere and you must react to the now, not the past or what you think might happen otherwise, you're right, that is prediction. that's not gonna happen

good luck

to back up what i am saying, i will copy and paste this article this and leave it at that:

The Amazing Correlation Between Stock Markets and Forex Rates

By Rudy Freeman in ezine articles.com

"Think currency rates have nothing to do with stocks? Think again. They are actually quite close relatives, especially the relationship Nasdaq or Dow Jones and the US Dollars, Yen as well as Yen crosses. If you follow daily foreign exchange news, you will notice phrases such as "Yen and Dollar retreat as stock market rise" or "Yen crosses got hammered as stocks plunged." As a matter of fact, professional traders already accept this phenomenon as an indisputable fact that they don't see the need to mention it in the news.

Let me give some more examples. Four months ago before the bulk of bad financial news were released to the media, the USD and JPY were doing so badly, where the EUR cost about 1.50 USD, and it took more than 180 Yens to exchange for a British Pound (GBP). But things fell apart abruptly in matter of days, when the US government officially announced that the recession had already started a year before. Shortly afterward, several large banks collapsed around the world that quickly pulled down all stock markets. And as you could see, the USD quickly gained ground among all counterparts (except JPY), and the Yen also appreciated in the same manner. Today as I am writing this, a EUR is worth 1.30 USD (after it dropped to as low as 1.22 a few weeks ago), and a Sterling can be exchanged for only 146 yens.

But that was what happened during a four-month period. You can actually see these exchange rates fluctuate almost instantaneously with stock markets every day. The first question a novice trader may want to ask is "WHY?" Most trading experts agree that Forex market is much like stock market in terms of speculation, where price action depends much on anticipation of what will happen, instead of what already happened, or what is happening at the time being. In other words, it's the traders' mood that move the market. If traders feel good about the economy, they buy stocks as investment; whereas when the financial future seems to be threatened, they sell. And when there are more buyers than sellers, the demand is up, and so is the price.

The nature of forex market, however, is a little more sophisticated. When you deal with foreign exchange, it's always involved at least two different economies (or countries), not only one as in stock market. So the exchange rates are affected by both economies involved (in each currency pair). For example, when you trade the pair GBP/JPY, you have to watch out for what's going on in both Japan and England. Now, that's only the basics. The funny thing is, while there's nothing much going on in either of these two countries, this currency pair is actually moved by what happens in America! Reason? It's the "risk factor" that affects then Yen, which in turn affect this pair's rate.


So what is actually the "risk factor"? The risk factor of a currency depends on both geopolitical stability and interest rate. When there's nothing of warfare nature going on, this risk factor depends mostly on interest rate. JPY has been considered low risk because it has the lowest interest rate among the majors: only 0.10%, followed by the USD at 0.25%. On the other end, you may see the higher risk currencies such as NZD and AUD. To get more return, traders borrow the low-interest Yen to invest in higher-interest currencies, the activities known as carry trades. The US dollar, however, has always been considered low risk (and hence, low return) mostly because of the size of the US economy. When you buy a treasury note (underlying the stability of the USD), you'll know it's the safest investment you can get. The reason is that as large and strong as the US economy, the USD will not likely evaporate in thin air.


With the risk factor in play, traders value USD and JPY more when they perceive more risks in the market (stock market down). On the other hand, when the economy is perceived as stable, they would dump these low-risk currencies in search of higher-return counterparts, the concept known as "risk appetite" in the trading world. In conclusion, if you narrow your forex portfolio down to major pairs and Yen-crosses, then you need only look at the stock market to make your trading decisions."

that last part is the most important for us. this is only magnified when you trade more than one US or JPY cross. then it's very powerful. I already said banana9009 was showing us this months ago with a spot gold chart and a USDIX chart. they ran opposite