Indicators development for T101's not very simple method

Here is a Stochs candle indicator for the T101 offline chart that may be useful

I made 800 pips($800.00) using your offline indicator yesterday.
From Sunday opening, until Midnight Alpari UK time.
24 hours...(with about 6 hours sleep)
Was using .10 sized lots.

Last week, Friday, to this last Friday(October 8th) ...I made $4000.00 using between .01- .10 lot sizes.
Way more than 400 pips...(in six days)

My margin never went over $1100.00

This week I'm going to try .30 lot sizes and larger.
To see how much of a difference there is.

You almost summarizes how this system progresses, although I think everyone make a little mistake like the one you mentioned int he 4th line of your post. I dont think the EA or indicator attached anytime will give you the correct information based on the original concept.

The IA was computed based on the dollar value not in the pip value. The dollar value of a trade changes as time goes in the lifetime of trade. When you attached the EA that calculates the concerned pips a few candles behind it computes based on the current price not on the price when that past candle was formed. This is not how the real IA calculates.

A good example is you are trying to capture a past picture with the current environment. Unless you were there with a camera then you have a good chance of capturing the actual picture.

But of-course someone can always argues that it is the same. If in doubt open a real IA at the beginning of the week then attached your EA or indicators at the middle of the week and tell me when they will be the same and i will delete this post.

So DKNY how do you suggest one handles the EAs and the relevant indicators?

@GVC: you said about a T101 offline chart.everyone has been saying about it in this post but I just cant find out how to set up this chart and it's relevance to this system.

Thank you everyone for your input!

Hello again people,

After reading through both the original and this thread with regards to T101 basket trading system, I have a vague idea of what it is like, please do correct me if I am wrong!

1. The basket trading system is very closely related to some currency pairs such as EUR/JPY or GBP/JPY pairs
2. As such, open either 1 or both of these charts in the H1 timeframe and attach the necessary indicator e.g. A-Samir virtual trade and BI T101 OTR
3. Monitor the charts and trade normally as you would for 1 currency pair, but in this scenario you implement the basket trading system.
4.If the above is correct, is it true to say that other indicators such as the EA t101_v1.18 and t101 dashboard act as a confirmation before you enter your trade?

Dkny,
You are absolutely correct in your analysis.I do believe that Julius is still using his Excel spreadsheet till this day.
I still use my Excel Station in my daily trading.

Maveri4k
The GBPJPY does not always reflect the basket.
You will find the Offline indicator on page 204 and instructions a few posts further. You can then attach indicators and trade it as you would a normal pair.

Thanks again GVC, however what's making me confused now is the term "offline" chart. I can't see how in what way would it be accurate by trading on an offline chart. You stated something about dumping weekly and hourly data on page 205..is it something that is related to how you keep your t101 chart relevant?

One thing I would like to ask if is this basket trading limited to an intraday kind of thing as GVC and the majority are using the H1 timeframes? I was wondering if it is applicable to use higher timeframes such as H4 or Daily to trade the basket. If it is possible to do so, I can refer to hazel's post on page 205 about saving the entire history of all the currencies that one trades and using zz's script right?Moreover, does using GVC's data saving method work for this case?
Thanks!

I had avoided using all this developed EA and indicators after J stopped posting here in FF for the following reasons:

1) these indicators/EA do not reflect the real profit as the real IA.
2) these indicators/EA is late in reflecting the data from the brokers servers. They only update the data when tic is received by the particular pair that the chart was attached.

Against all the indicators/ea made I would prefer the use of Excel as it has the most chance to be correct in its reflection of the IA data. Excel updates as it receives tic from the server irregardless of the pair symbol. Excel also captures the on-going price value at a certain time and record it hard on a spreadsheet. EA/Indicators on the other hand, will continue to change (repaints) lines or bars as new price changes is received unless they use the pip value which again will run contrary to the original concept,

In conclusion, i would say Excel spreadsheets is more reliable than any of those developed EA/indicators, IMO.

If i may answer your question for GVC, I am not really familiar of this offline chart so i will skip on the next paragraph of questions.

The BTS as J explain to us is a Long-Term trading as this was not designed for short term or scalping because the amount of spread involved in opening the trade makes it not viable for scalping/short term. It is infact suitable for usage in the 4h tf or even daily. Do you know that J even keep trades for weeks?

I know that some BTS traders like to use the 1 hr tf that is their preference, I used 4h as a minimum that is my preference, but please do not use this in a 1 min time frame..

My 2 cents.

zznbrm made his include file available. This update to my backtest indicator and BuysVsSells indicator is now combined, made for live trading, and simply named T101_IA_Don_101210.

I added variables to synchronize brokers:
extern string BGMTO = "Broker GMT Offset";
extern string inst = "Set once during non-Daylight Savings Time";
extern int Broker_GMTOffset = -5;
extern string inst2 = "Set Daylight Savings Time twice per year";
extern bool OnDaylightSavingsTime = True;

When Broker_GMTOffset and OnDaylightSavingsTime are added together, they give the correct GMT Offset. You can use OnDaylightSavingsTime if your broker adheres to Daylight Savings Time. If not, or if this setting confuses you, just use the one setting Broker_GMTOffset and set OnDaylightSavingsTime to False. You'll see in my example above that I have Broker_GMTOffset set to -5. This is what MBT Trading GMT offset is during winter. During summer, when U.S. is on Daylight Savings Time, I set OnDaylightSavingsTime to True, effectively making a GMT offset of -4 (-5 + 1 = -4). I made the code this way so that I could set each broker ONCE, and just change OnDaylightSavingsTime twice a year. Bottom line is: GMT time in comments on chart should match GMT time on http://wwp.greenwichmeantime.com/ when switched to 24-hour display.

Now synchronizing brokers means that those brokers that start at 21:00 GMT on Sunday we will not use their first hour bars. We use 22:00 GMT as open, since that is Forex week open, and some brokers don't open until 22:00 GMT. But this way, we are making the values between brokers as close as possible.

I will not be answering any questions on GMT offset or Daylight Savings Time. This post says all I have to say on the subject. With zznbrm's include file "zznbrm.datetime.mqh" in include folder, this indicator will compile with 0 errors and 19 warnings. Do not worry about the warnings, they mean nothing to you. All they mean is that not all functions inside zznbrm's include file are used in my indicator.

It's not that I recommend using this indicator. I do think it is good and correct, but I haven't been able to make a consistently profitable EA from it, said I would give the update if zznbrm was OK releasing his include file which my indicator uses, he has done so, and so now I have done so (after I made sure it worked for me). Note: do not compile zznbrm's include file. Just place it in include folder and then indicator in indicators folder, then compile indicator.

As you see, I only have the buyall line showing. The rest of the lines can be turned on in user inputs if desired.

Regards,

Don

Thanks guys for your input.

@Dkny you state that you use excel sheets, I have been reading this thread repeatedly and have no idea how to set up an excel sheet - the most I know is enabling DDE server and downloading the history data..

@disbellj - thank you for your indicators. Are they the only indicators you used to trade live?I do not know what is an include file but do I have to do anything else apart from placing it in the correct folder?

Anyway, I set up the 2 indictors and it gave me 2 windows, the upper one with alot of words and the lower being labeleled as TA101 IA indi. There is a vertical green line drawn which signals the opening of this week's market. I enabled both buy all and sell all lines, but I noticed that there is no historical data/lines prior to this week. Is that how it is supposed to work?

Once again thank you for your inputs.

disbellj -

Thank you very much for sharing this great indicator.
I truly believe that this is the most accurate one yet.

Regards

Maveri4k,

"thank you for your indicators."

You're welcome (as everyone else is welcome - ahead of time).

"Are they the only indicators you used to trade live?"

It is the only indicator that I use code from in the EA that Robert last uploaded as a starting place before I put indicator code into it. But the strategy I came up with wasn't consistently profitable, and it came down to being able to tell the range from the trend and losing in the range the profit I gained in the trend - the same flaw people run into when trading any single pair. But it does show accurately from the beginning on Sunday what is happening in the IA. The ONLY difference between my indicator and a real demo account IA is that I use current spread for buy pairs instead of historical spread to "open" the buys at "ask" (note: since we close Sells at Ask, then current spread would be used for sell pairs "closing" - aka present - price). This is not a big difference, and shows clearly when put together into one like I have done when the big move in price happens. Except for some ranging weeks, most weeks easily 1,000 pips is obtainable. Sometimes two or three times that, or double the large move many weeks when we have a big trend and a big counter trend trade - if you were able to trade trend and counter-trend trades, and not just trades with the trend. But it all comes down to either being able to use the slot movement or pair movement, or color movement in top part of indicator, or aggregate pairs that show a profitline of the basket over the week's time on the bottom part of indicator (therefore using technical analysis just like on any other pair). I haven't found anything consistently profitable myself in it all. Maybe I'm missing something. But it's all here for anyone to further all of our cause of understanding this better. I ask that people use the indicator and give feedback on anything consistently profitable that they see - to help us all out.

"I do not know what is an include file but do I have to do anything else apart from placing it in the correct folder?"

.mqh goes into experts > include folder. Then put IA indicator into experts > indicators folder. Then open IA indicator into MetaEditor, and File > Compile. Then open MT4, then go to Navigator and find indicator and drag to chart (I used H1, although there are offline charts too, the only one that has worked for me has been the last uploaded one that makes offline charts, and it was an indicator unlike the EAs and scripts before it to make offline charts that didn't work consistently for me).

"Anyway, I set up the 2 indictors and it gave me 2 windows, the upper one with alot of words and the lower being labeleled as TA101 IA indi. There is a vertical green line drawn which signals the opening of this week's market. I enabled both buy all and sell all lines, but I noticed that there is no historical data/lines prior to this week. Is that how it is supposed to work?"

Yes, this indicator is for trading, not backtesting. If you want to do anything like backtesting, you'll want to get the two indicators I uploaded before named something like T101_BuysVsSells_Don and T101_backtest_Don.

"Once again thank you for your inputs."

You're welcome. My hope is we can all come together to understand what Julius was originally trying to say. Just because I can code the indicator (with help from zznbrm to get it to work for real-time trading), doesn't mean I totally understand Julius' strategies nor his viewpoint. But I hope I have helped the cause by the part I have been able to give to the process.

Regards,

Don

Gvc,

Thank you for the compliment. I believe it is the most accurate one yet, and the GMT offset allows us to be able to compare results from different brokers, where the hour difference in start if GMT offset was not present (where some brokers would open at 21:00 GMT and some at 22:00 GMT) causes hinderance in checking results between brokers. Since we have been able to remove time differences between brokers, all that remains are price and spread differences, which are larger than most would realize, yet this still gives a great indication of basket from a couple viewpoints with all relevant information given I believe. So I urge people to use it and test with it, and give feedback.

BTW: I believe it to be the most accurate indicator to date also, since it portrays actual trades closer than most others available.

Regards,

Don

I am busy testing it at the moment.
What i have noticed, when trading all 14 currencies at a time i was only successful about 55% of the time, this prompted me to start slot trading which increased my trading to approx: 80%.

I am now trading only 8 pairs with very good results. 30% up on Demo in two weeks.

GVC:

What are the 8 pairs you are trading?

@thor68

The 8 pairs that i am currently trading are all found in the Universal basket.
GU,AU,EU,NU,GJ,AJ,EJ,NJ.

Gvc,

Congratulations on the good results! Feel free to share more info if you'd like.

Regards,

Don

Hi disbellj

Well my slot trading increased to multiple pairs again very similar to Yuritch's on his thread in Russia.I decided to test his pairs and had the same results except that he had two more pairs and hence an increased profit.

I made a model using an IA as follows:
GBPUSD
EURJPY
AUDUSD
NZDJPY - Buy Pairs

EURUSD
GBPJPY
NZDUSD
AUDJPY - Sell Pairs

it uses the exact same principal as T101
I take profit every 100 -200 pips, enabling me to enter up to 3 or 4 basket trades a day.
I use the #T101# Offline chart for confirmation of the trend.
I have even had decent returns in ranging markets, only trading slots.

Regards