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Indicators development for T101's not very simple method

  • #3,121
  • Oct 15, 2010 3:58am Oct 15, 2010 3:58am
Quoting Dkny
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...
Mr. Dkny, You better look at the first posts, Julious' IA is based on the begining of the week, and it is not a freeze pic, it is a dynamic...

And anyway, you may freeze any data in MT4 Ea, too!!
  • #3,122
  • Oct 15, 2010 7:05am Oct 15, 2010 7:05am
Quoting crossy
Mr. Dkny, You better look at the first posts, Julious' IA is based on the begining of the week, and it is not a freeze pic, it is a dynamic...

And anyway, you may freeze any data in MT4 Ea, too!!
I think you do not understand what I am saying. Also that is not his name, his name is Julius (He hates it when you misspelled his name).

The IA is based at the beginning of the week.. no question about that. The Open prices is frozen the value continue to change over the week. To calculate the value you need the price at the certain time, together with that you also need the spread at the same exact time so you can have the correct value at that exact time. Then an only then that your value is exactly the same as the one in the IA (traded IA). Can you do this with your EA?

Try it this week you open an IA and then set your EA and show me a screen shots that they are equally the same at a certain given time then I will know you understand what I am saying here.

Otherwise listen to other people here like Don and the gang that are teaching you how this thing is being done.

Have a good day son!

Joven
  • #3,123
  • Oct 15, 2010 9:08am Oct 15, 2010 9:08am
Dkny,

"The IA is based at the beginning of the week.. no question about that. The Open prices is frozen the value continue to change over the week. To calculate the value you need the price at the certain time, together with that you also need the spread at the same exact time so you can have the correct value at that exact time. Then an only then that your value is exactly the same as the one in the IA (traded IA). Can you do this with your EA?"

Actually, you can do this with an indicator or EA. I didn't, but the code would be simple, like:

if(Time[0] == WeekOpenTime && Minute() == 0 && Seconds() <= 15 && FixedBuySpreadSet == False) {
ZeroBuySpread(); // go through and zero out the spread on all buy pairs
BuySpread(); // create separate function that gives current spread for buy pairs
FixedBuySpreadSet = True;
}
}
if(FixedBuySpreadSet == False) {
BuySpread(); // same function as above, except it will only be called if the fixed buy spread at beginning of week has not been zeroed out and set. This way current spread for buy pairs is used only when fixed is not available. But wouldn't you agree that close is better than not counting spread?
}

Not to say this is perfect code, but it can be done without too much trouble. But when looking at overall picture, the spreads don't make a huge difference - like 30-40 pips max, and since we're only talking about the buy pairs, that's about ha;f that, or 15-20 pips, so not much worth making a fuss over and saying an IA like my indicator is no good. It takes spreads and pip currency value into account. It's as close to the real thing as I've seen. BTW, getting open bid at week open time is easy and done in my indicator, and getting current bid (for buy pairs close) and ask (for sell pairs close) is easy also, and also done in my indicator. Like I said, it's accurate as possible IMO.

Test mine compared to a real IA over a week, and even with the different spread difference, you're not gonna see much of a difference unless your manual IA doesn't get in exactly at the first few seconds of the market on weekly market open. If you're off getting in by much, then that's gonna be more difference than the 1/2 the basket spread.

Regards,

Don
  • #3,124
  • Oct 15, 2010 8:44pm Oct 15, 2010 8:44pm
Quoting disbellj
Dkny,

"The IA is based at the beginning of the week.. no question about that. The Open prices is frozen the value continue to change over the week. To calculate the value you need the price at the certain time, together with that you also need the spread at the same exact time so you can have the correct value at that exact time. Then an only then that your value is exactly the same as the one in the IA (traded IA). Can you do this with your EA?"

Actually, you can do this with an indicator or EA. I didn't, but the code would be simple, like:

if(Time[0]...
Show me next week your screen shot of your actual IA and that indicator you are referring around wednesday and convince be that they are the same. Make sure to include in that screen shot the actual time of both the indicator and the IA and your computer if you could find any..

Then i will erase all what I have said here.
  • #3,125
  • Edited 1:07pm Oct 16, 2010 12:34pm | Edited 1:07pm
I will most probably get a lot of flack over this post, but here i go:

The T101 BASKET indicator is still the best indicator ever developed.(NO DOUBT)

We are trying to perfect a system from 2 years ago and not taking into account the changing dynamics of the market. Pairs that correlated 2 years ago have changed. (Even slightly)

The T101 original system worked well 2 years ago in a world recession etc. but not as well in the current climate.

We must scrutinize the dynamics of the Basket and adapt.

I am saying that the IA indicator is still the best in the market and it it is up to us to develop it to to its current best potential.

That is why IMO EA's like Fapturbo, Megadroid etc. did fantastic at the time that they were developed, but no more.

If you develop an EA now it has to be adaptable to the users perception of what is happening currently.

Regards
  • #3,126
  • Oct 16, 2010 2:45pm Oct 16, 2010 2:45pm
Quoting Dkny
I think you do not understand what I am saying. Also that is not his name, his name is Julius (He hates it when you misspelled his name).

The IA is based at the beginning of the week.. no question about that. The Open prices is frozen the value continue to change over the week. To calculate the value you need the price at the certain time, together with that you also need the spread at the same exact time so you can have the correct value at that exact time. Then an only then that your value is exactly the same as the one in the IA (traded IA)....
Hi Joven,

Well, the IA is dynamic (not static) according to it t0.

But, you know, I do not use the IA of TF=W1, but TF=D1 (and if hour()<8 then TF=D2 (yesterday.... ).

Send my appolgy to mr. Julius.
  • #3,127
  • Oct 16, 2010 2:50pm Oct 16, 2010 2:50pm
Quoting Gvc
I will most probably get a lot of flack over this post, but here i go:

The T101 BASKET indicator is still the best indicator ever developed.(NO DOUBT)

We are trying to perfect a system from 2 years ago and not taking into account the changing dynamics of the market. Pairs that correlated 2 years ago have changed. (Even slightly)

The T101 original system worked well 2 years ago in a world recession etc. but not as well in the current climate.

We must scrutinize the dynamics of the Basket and adapt.

I am saying that the IA indicator is still...
Hi G.

As we have been told, this method is perfect for big and sharp moves, as 2 years ago, but for ranging markets, it has some difficulties for BIG profits, as it was then.
  • #3,128
  • Oct 18, 2010 9:11am Oct 18, 2010 9:11am
Dkny,

I have nothing to prove to you. I will not do a test. My testing is over as far as this is concerned. My indicator is correct, and before you go bashing anybody's work, you might want to test it first. Like I stated before your stated for me to test: YOU make a demo IA (since I'm sure you're accustomed to it if you do T101 and don't use indicators). THEN put my indicator up against the demo IA anywhere in the week, and show me the difference. You're the one bashing indicators, it's up to you to prove your point, not up to me to prove my point to you, because frankly I don't think you're here to help at all, you're just trying to stir crap up.

Note: You must make your IA within the first 15 seconds of week start, or your results cannot be considered reliable, and your point on spreads becomes a moot point, since we are talking about accuracy here, and I am stating that unless you start when the Forex week starts (22:00 GMT), which is also when my indicator starts, then this ranting about spread is useless banter. Prove to me my indicator is not correct and basically useless as you seem to be saying.

Regards,

Don


Quoting Dkny
Show me next week your screen shot of your actual IA and that indicator you are referring around wednesday and convince be that they are the same. Make sure to include in that screen shot the actual time of both the indicator and the IA and your computer if you could find any..

Then i will erase all what I have said here.
  • #3,129
  • Oct 18, 2010 1:29pm Oct 18, 2010 1:29pm
Don,

This is my first post after tedious reading of T101's thread and this. I know lots of indicators has been made by many here including you, I would like to know what indicators you mainly use now to apply T101 strategy. I agree with you that Samir's indicator is incorrect by the way.

I also realized that T101_Dashboard_zz is lagging and slow. Even EA Orest v1.18 is better as it updates constantly. Do you think its wise to use Orest v1.18?

Lastly, I tried using your dashboard T101_IA_DON and there's just too much word to see XD. With only P/L we are suppose to determine the trend ourselves or your IA is suppose to be used together with your BuySell indi?

Sorry for many questions. Information overload.

Thanks.
  • #3,130
  • Oct 18, 2010 2:11pm Oct 18, 2010 2:11pm
Quoting disbellj
Dkny,

I have nothing to prove to you. I will not do a test. My testing is over as far as this is concerned. My indicator is correct, and before you go bashing anybody's work, you might want to test it first. Like I stated before your stated for me to test: YOU make a demo IA (since I'm sure you're accustomed to it if you do T101 and don't use indicators). THEN put my indicator up against the demo IA anywhere in the week, and show me the difference. You're the one bashing indicators, it's up to you to prove your point, not up to me to prove my...
Hey what is wrong with you? Someone asked for my opinion and I gave it. That I dont like indicators but excel. Then you start turning that I am bashing your indicators?

Again I dont believe in indicators made for this system either from you or from anyone else. Is there something wrong if i voiced out my passionate opinion?

You are right about the "crap" here and definitely do not like stirring it. You can do what you want with the crap here if you swallow it I dont even care.

Shessh ... what kind of people are you.... that could be the reason people are staying away from this thread. ... I am out of here....Good luck to your indicator.
  • #3,131
  • Edited 3:10pm Oct 18, 2010 2:49pm | Edited 3:10pm
Dkny,

Once again thank you for showing me that you have nothing positive to give to this thread. Have you shared anything of value?

Personally I don't care if you like Excel or not. You go about saying what is wrong with EAs and indicators for T101, like Excel is doing something different than what the EAs and indicators do. What does Excel do? How does it get info? It's given info by MT4. How are EAs and indicators given information? Same. From MT4. Time,Open,High,Low,Close,Volume. The rest is calculated in either Excel, an indicator, or an EA. To act like one is not good enough, when you obviously have not tried them out, is upsetting to me, because I too am passionate about what I do, and have given as much as anyone else here to help others.

BTW, unless Julius was able to make Excel get spreads only at a certain time of week (like within first 15 seconds of week), then he too is using current and not fixed spreads from the past to calculate the "ask" for open on the buy pairs. You gonna tell me he gets the spreads for buy pairs within at very beginning of week for buy pairs in Excel? If not, then like I said, you're giving your opinion as if it were fact, and it is not appreciated. You wanna help? Fine. You wanna just put other people's work down with no positive input - just negative? Should I be sad to see you go then? I don't think so.

Don


Quoting Dkny
Hey what is wrong with you? Someone asked for my opinion and I gave it. That I dont like indicators but excel. Then you start turning that I am bashing your indicators?

Again I dont believe in indicators made for this system either from you or from anyone else. Is there something wrong if i voiced out my passionate opinion?

You are right about the "crap" here and definitely do not like stirring it. You can do what you want with the crap here if you swallow it I dont even care.

Shessh ... what kind of people are you.... that could be...
  • #3,132
  • Oct 18, 2010 3:31pm Oct 18, 2010 3:31pm
Chroniclez,

I wasn't the original author of the dashboard. I would refer back to the original author on that indicator.

As far as T101, I'm not trading it. I've gone back to single pairs, although I'm interested if someone has a profitable strategy with T101 (since I do make EAs).

But I can say that if you use my backtest indicator, it's accurate. I can also say that if you use my latest uploaded indicator T101_IA_Don, then it is accurate for live trading (at least this has been my experience).

People are welcome to use my indicators free of charge. I uploaded them to this public forum for this purpose.

Having said that, if someone has been able to make money using them, believe that my indicators are valuable, and want to thank me, I gratefully accept donations in any amount on PayPal (can send to email address [email protected]). If someone hasn't used them, hasn't been able to make money with them, and/or do not think they are valuable in any way, I would ask nothing from those people.

If someone gets upset because I accept donations, all I can say is the stuff is free, and only someone who has made money using my indicators would even think about giving a donation I'm sure.

Regards,

Don

Quoting Chroniclez
Don,

This is my first post after tedious reading of T101's thread and this. I know lots of indicators has been made by many here including you, I would like to know what indicators you mainly use now to apply T101 strategy. I agree with you that Samir's indicator is incorrect by the way.

I also realized that T101_Dashboard_zz is lagging and slow. Even EA Orest v1.18 is better as it updates constantly. Do you think its wise to use Orest v1.18?

Lastly, I tried using your dashboard T101_IA_DON and there's just too much word to see XD. With...
  • #3,133
  • Oct 18, 2010 11:29pm Oct 18, 2010 11:29pm
Don,

I understand that you're not the author of the indicators or the Orest EA. I just thought of asking you as I believe you had tried all the indicators and EA here in your research on this strategy.

I feel that although this strategy is able to give you handsome profits, but you first have to deal with huge drawdowns especially if timing was incorrect. Sigh, if only T101 did not commercialized this strategy. We could have learn more from him!

I guess I'll be returning to single pair trading as well. Safer. Reliable.

Thanks.
  • #3,134
  • Oct 19, 2010 1:11am Oct 19, 2010 1:11am
Quoting disbellj
Chroniclez,

I wasn't the original author of the dashboard. I would refer back to the original author on that indicator.

As far as T101, I'm not trading it. I've gone back to single pairs, although I'm interested if someone has a profitable strategy with T101 (since I do make EAs).

But I can say that if you use my backtest indicator, it's accurate. I can also say that if you use my latest uploaded indicator T101_IA_Don, then it is accurate for live trading (at least this has been my experience).

People are welcome to use my indicators free...
Hi Don, although for these times the T101 method is not so profitable, as it is (about 4% for 3 weeks) you shouls know that we are at a ranging period, so this method was not built for that. The most important is that you do not loose money, and as the great moves at the close future, you are going to have great profits.
  • #3,135
  • Oct 19, 2010 6:43am Oct 19, 2010 6:43am
Crossy,

May I know what indicators from this thread do you use now? Its sad that such a great thread has died off.

Don, may I ask why is it that your IA updates on currency slots are different compared to Samir's and Dashboard_zz. Just curious. Which is more accurate?

Anyone besides Don who knows the answer please reply me if possible.

Thanks.
  • #3,136
  • Oct 19, 2010 9:15am Oct 19, 2010 9:15am
Gentleman, If i may say, the T101 basket trading system is still alive & functioning well, and @chroniclez this thread will never die, not with such a great indicator.

J spoke about 3 or 4 different methods that he uses the IA for. As far as i know he only ever divulged 2 of them. ( He alluded to the fact that there is in fact a multitude of systems contained within the Basket, on one of his most recent blog posts) It is up you/us you to study the basket & find a system that works for you/us.

About the dynamics that i posted earlier on, about "changing market conditions regarding the current climate." That is why i am now only trading 8 pairs, mixed with slot trading. If the market turns & i am able to trade 14 pairs again then i do so. I am even experimenting with the 3 or 4 fastest moving pairs in the basket with success.

The fact that my account is up by approx:32% in 3 weeks, with myself not fully focused (made a boo-boo that cost me 3 basket trades) speaks for itself.

I traded single pairs for years with a very negligible success rate (IF ANY), and since i switched to the T101 basket trading method i have not looked back. All my energies and analysis is only focused on this method.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: t101 191010.gif Size: 75 KB
  • #3,137
  • Oct 19, 2010 11:16am Oct 19, 2010 11:16am
Gvc,

Thanks for replying and answering to my worries. I'm glad to know that this thread is still alive. With active Basketeers like you I'm sure this thread will revived to its popularity again.

I have read all your post Gvc, and I do know that you're trading 8 pairs. Funny thing is, I tried to learn from you and I, being a total noob in coding, tried to do some changes the sell_all_pairs and but_all_pairs script to only trade 8 pairs. However, I keep getting errors with the coding and gave up.

I am still very keen in pursuing this strategy. I am not asking you to spoonfeed me or anything. But if possible, can you post up the 8 pair scripts and indicators you used. Just for simplicity. If you wanna be like banana9009 and just asked readers to read the whole thread again I dont mind. But still I need the 8 pair script. Like I said, am a total coding noob.

Thanks.
  • #3,138
  • Oct 19, 2010 11:37am Oct 19, 2010 11:37am
Heiken Ashi, t101 offline chart.. That IA looks familiar. But 8 pairs only!

If only you would enlighten me Gvc!
  • #3,139
  • Oct 19, 2010 11:47am Oct 19, 2010 11:47am
Hi chroniclz

I have scripts that only trade 8 pairs etc. But i am attaching an EA that has sliding scripts. It is far easier to open & close trades with. Also if you want to trade 14 pairs then the option is also there. Please note that i do not use it for auto-trading but feel free to experiment with it.

So for manual trades just set it to manual and select 8 pairs.
It s not the latest version, i have that as well but do not use it.
This version serves me well.
I also do not use the indicators of the EA, but rather the #T101# offline chart coupled with the xmeter and the stochs candles.

I hope that this will help.

Sorry having trouble uploading, will try again in a mo.

Regards
Attached File(s)
File Type: mq4 Basketbull_v7.0_Eng.mq4   100 KB | 863 downloads
  • #3,140
  • Oct 19, 2010 11:58am Oct 19, 2010 11:58am
Sorry that is only half the system.
Here is the full one.
Attached File(s)
File Type: zip experts.zip   376 KB | 1,505 downloads
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