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Indicators development for T101's not very simple method

  • #3,041
  • Sep 26, 2010 9:54pm Sep 26, 2010 9:54pm
Sold a basket on the red line.

Of course I ignored the Samir indicator.

Nine of them went positive almost immediately...

I am now using the offline charts
  • #3,042
  • Sep 26, 2010 9:55pm Sep 26, 2010 9:55pm
Here is my chart lol
Attached Image (click to enlarge)
Click to Enlarge Name: sold a basket.gif Size: 45 KB
  • #3,043
  • Sep 26, 2010 10:02pm Sep 26, 2010 10:02pm
you would think to sell 11 and buy 3 in the original basket. why?

if you're buying the USD, that means your selling the basket. but buying USD/XXX and you are sell the XXX currency against every USD cross. and the EUR/GBP will run the opposite way too because you are selling the gbp. you don't think they will ever all be winners in the basket but this is the law of averages. if a lot of them don't win, then your entry is off or the basket is just not that strong. i have had live trades where I have had all 14 pairs win. but you have to have the timing down, which is the real problem with everyone here. not so much the indicators. still working on it

when looking at a currency pair, you are always selling one and buying the other always. buy the cross and sell the base.
  • #3,044
  • Sep 27, 2010 2:46am Sep 27, 2010 2:46am
Hello everyone

Here is a modified indicator that opens H1 T101 offline charts.
I prefer it to the script as i do not have to attach it every time i turn on my laptop.

You will see that it only reflects the 8 pairs that i am currently trading, but it can easily be modified to reflect 14 pairs.

Please note that it is not my indicator and credit must go to the author.

Regards
George
Attached File(s)
File Type: mq4 T101_Indy_PriceHistory_v3-dnk.mq4   14 KB | 1,030 downloads
  • #3,045
  • Sep 27, 2010 10:21am Sep 27, 2010 10:21am
Gvc,

I downloaded the offline chart indicator. I went into the code and changed Pair[3] in basket 14 from CADJPY to USDCHF to be like IBFX set Julius made, and am now using the modified basket 14.

The screenshot is attached showing my candle indicator on online chart, on top of offline chart using IBFX pairs. Looks very close. Nice.

I don't see the offline chart updating like I would expect it to. Never mind, I see I need to "Allow DLL Imports" in Common tab when placing indicator on e.g. GBPJPY M1 chart. Sweet! Thank you!

Regards,

Don

Quoting Gvc
Hello everyone

Here is a modified indicator that opens H1 T101 offline charts.
I prefer it to the script as i do not have to attach it every time i turn on my laptop.

You will see that it only reflects the 8 pairs that i am currently trading, but it can easily be modified to reflect 14 pairs.

Please note that it is not my indicator and credit must go to the author.

Regards
George
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 18.jpg Size: 98 KB
  • #3,046
  • Sep 27, 2010 11:20am Sep 27, 2010 11:20am
Its a pleasure.

I have found that the Basket Charts have improved my trading tremendously.

Regards
  • #3,047
  • Sep 27, 2010 12:35pm Sep 27, 2010 12:35pm
hazelj80, I noticed on other forums that you blow out a few accounts
with the basket. Have you since finally got the hang of it?

Quoting hazelj80
you would think...
  • #3,048
  • Sep 27, 2010 1:28pm Sep 27, 2010 1:28pm
Ive never blown any account. i have drawn the acounts down with money left. stilll testing ways to enter.
  • #3,049
  • Sep 27, 2010 1:55pm Sep 27, 2010 1:55pm
Quoting disbellj
Gvc,

I downloaded the offline chart indicator. I went into the code and changed Pair[3] in basket 14 from CADJPY to USDCHF to be like IBFX set Julius made, and am now using the modified basket 14.

The screenshot is attached showing my candle indicator on online chart, on top of offline chart using IBFX pairs. Looks very close. Nice.

I don't see the offline chart updating like I would expect it to. Never mind, I see I need to "Allow DLL Imports" in Common tab when placing indicator on e.g. GBPJPY M1 chart. Sweet! Thank you!

Regards,

Don

@ Don

Hi Don!

I have struggled to use the zzbrm offline charts but the more I tried the more I dont get it to work properly.

Pls can you list the steps of making this one by Gvc work as you have done

If I can get a good offline chart that is working normally like an online chart without glitches or hanging or gapping then I am looking at a way to trade basket pairs without SAMIR or BUYvsSELL or BI_T101 and the conditions. If there can be one offline chart like that, I think that would be the best indicator ever developed for basket trading.

simply sell and buy the basket as if I am trading a single pairs.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,050
  • Sep 27, 2010 2:57pm Sep 27, 2010 2:57pm
OK kos. here's what you do:

1. go to tools/options/.charts. set max bars in history and max bars in charts to the max in the drop downs. 250000 this is important because you will crash your mt4 if you don't do this

2. then hit F2 and download ALL the history for the original pairs and universal pairs if you don't have cad pairs. it will automatically make the original basket if your broker has the original pairs. you have to have enough history or else the indicators won't shoe up right.

3. then attach the script to any online chart on any time frame. wait for a few minutes and it will say XXXXXX records written.

4. open the M1 BASKET off line chart. keep it open.

5. go back to the online chart you were on and attach the script again. now it will take a few second to make the other TF's up to H4.

6. open up the TF you want when you go to off line charts. add all indicators as desired.


notes. anytime you close the platform and reopen it, you will have to reattach the script back to the online chart it was on to keep the offline charts updating.

that's all.
  • #3,051
  • Sep 27, 2010 3:25pm Sep 27, 2010 3:25pm
Just attach the indi to any chart (You will see a green ##T101## LABEL at the bottom right), then go to the top left of the MT4 page, select file, then open the offline charts folder and select the T101 chart and it will open an offline H1 Basket chart for you.

Ensure that you tick the Allow DLL Imports on the 'Common' tab when you put the indi on your chart.

Regards
George
  • #3,052
  • Sep 27, 2010 3:48pm Sep 27, 2010 3:48pm
Here is a good indi that i attach on my T101 chart for currency info.
Attached Image (click to enlarge)
Click to Enlarge Name: t101 offline.gif Size: 78 KB
Attached File(s)
File Type: mq4 ! 8 PAIR METER OF CURRENCY PairS.mq4   18 KB | 1,164 downloads
  • #3,053
  • Sep 27, 2010 3:52pm Sep 27, 2010 3:52pm
@ Hazel
@ Gvc

thanks very much for the speedy responses, very grateful

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,054
  • Sep 27, 2010 4:19pm Sep 27, 2010 4:19pm
Kos,

hazel is talking about how to get zz's charts to work.

I have had trouble with both zz's and another offline chart that I've tried.

As far as the indicator, GVC showed the simplicity needed with it.

Regards,

Don


Quoting Kosomolate
@ Hazel
@ Gvc

thanks very much for the speedy responses, very grateful

kos
  • #3,055
  • Sep 27, 2010 4:22pm Sep 27, 2010 4:22pm
crossy,

Much appreciated.

Could you point where the rules are listed that you use, since you said they were given by Julius?

Other than that, I take it to look at basket to enter single pair trades on EURJPY, GBPJPY, and AUDJPY? (my understanding from your response to my question concerning rules).

Regards,

Don


Quoting crossy
Dear Don,

As I said before you should look at that startegy (14 pairs list) from the mathematical view, without any other indicator.

You know this basket - the universal basket - is the best indicator for: EURJPY, GBPJPY, AUDJPY.

Then you will decrease your risk very much, and your enteries signals will be very clear and simple.

And do not forget - MM, of course.

Good luck.
  • #3,056
  • Sep 27, 2010 4:22pm Sep 27, 2010 4:22pm
zz,

Thank you. I need it.

Regards,

Don
  • #3,057
  • Sep 27, 2010 4:51pm Sep 27, 2010 4:51pm
next level 136.xxx
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 27 KB
  • #3,058
  • Sep 28, 2010 5:25am Sep 28, 2010 5:25am
My Basket Profit Protect closed me out at the main resistance line.(which i wold have closed anyway)

I am now waiting for the next candle to close above the main resistance line.If it does then i will go long again.If it does not then i will go short on a confirmation of Orests t101 v1.12.
Attached Image (click to enlarge)
Click to Enlarge Name: t101 280910.gif Size: 97 KB
  • #3,059
  • Sep 28, 2010 10:32am Sep 28, 2010 10:32am
Quoting Gvc
Hi TopPot

I only use Basket trading on Forex and use Steve Hopwoods Basket Profit Protect EA to look after my positions.

I am also attaching my version of T101 xls. You will have to change the name in the macro to your Broker and do a few other mods

Regards
George
GVC,

Could you post the script for Metatrader that you use to update the T101 xls
( QuoteToExcel_MultiPair v2.0 is what it says in the worksheet).

Thanks.

Bruce
  • #3,060
  • Sep 28, 2010 10:40am Sep 28, 2010 10:40am
Quoting Gvc
My Basket Profit Protect closed me out at the main resistance line.(which i wold have closed anyway)

I am now waiting for the next candle to close above the main resistance line.If it does then i will go long again.If it does not then i will go short on a confirmation of Orests t101 v1.12.
Hi Gvc!

I finally got the offline chart working, but how do I choose the 14 Universal Pairs that I want to trade with. Is it from the code or from the extern box

thanks for your reply

kos
John 3:16 - From THIS love no power on earth can me sever.
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