Indicators development for T101's not very simple method

Gvc,

Thanks again mate for sharing with me this EA and info. I will start experimenting with it now! =]

Will keep in touch with you.

Regards

crossy,

If you were using my indicator, the bottom portion showed at the time you said this that we weren't ranging. In fact, the basket had sold off like 714 pips from beginning of week (I turned UseCurrencyValue off in indicator to get pips), so if selling basket, had opportunity to get 714 pips - spread if you got in at 0 line. Since then it's went back down to almost 0 line again (so almsot another 714 pips), then up now to over 1,500 pips. So this is not a ranging period now, and around 3,000 pips have been available so far this week using my indicators bottom portion only and getting in at 0. I put the indicator on the H1 chart.

Note: The pics are from IBX, so GMT offset is set to 0, and OnDaylightSavingsTime is set to False. Picture 33 shows comments on chart, and shows that the open price of all pairs is the open time of the week (22:00 GMT). The close prices are bid (for "closing buys") and ask (for "closing sells"), e.g. prices now. The only "made up" part of it is using current spread to calculate historical "ask" (for "opening buys") since historical spread is not recorded or given by MT4. Picture 34 shows same indicator, except I turned ShowsComments to false, and made y offset to be 15.

Regards,

Don

Chroniclez,

Mine is most accurate of the three you mentioned.

Regards,

Don

Don,

Thanks for replying. I though so too. As I always have to refresh Dashboard and Samir myself but for yours it updates every minute.

Thanks.

Chroniclez,

Actually it updates every tick that comes in on the chart it's on. GBPJPY is a fast-moving pair, so I put it on that chart.

It's as close to Julius' IA you're gonna get. The ONLY thing that could make it more accurate is to use code like I posted recently that would used the spread for buy pairs at the beginning of the week, and not current spread. But of you look at the Buys Spread on the screenshot I just showed, on IBFX we're talking about a little over 30 pips. This is WAY closer than when the wrong open time and prices for the pairs are used, which is what is happening on others indicators, etc., because of a couple MT4 glitches (which I came up with some code and zznbrm came up with some code that together overcame a couple problems that nobody else has even seen, let alone fixed).

Regards,

Don

Hi Don

Would it be possible so that your indicator can also display the H1 or H4 at the same time as your weekly.

This would be a great accessory and would help the shorter term basket traders like myself tremendously.

Regards

Gvc,

Sure it can be done. Just take my last indicator I uploaded, add this where extern code is at top:
extern int indicator_number = 1;
extern string text1 = "Choose Orest TF:";
extern string text2 = "W1, H4, or H1";
extern string Orest_TimeFrame = "W1";

... then make the shortname to be:
shortname="T101 IA#"+indicator_number+": Orest TF "+Orest_TimeFrame;

Then place this in start with other code to make it work:
for(int j=0;j<14;j++) {
if(Orest_TimeFrame == "H4") {
PairStartTime[j] = iTime(Pair[j],PERIOD_M1,239);
} else if(Orest_TimeFrame == "H1") {
PairStartTime[j] = iTime(Pair[j],PERIOD_M1,59);
}
PairEndTime[j] = TimeCurrent();
}

DefineSpread();

for(j=0;j<14;j++) {
if(Orest_TimeFrame == "H4") {
PairStartAsk[j] = iOpen(Pair[j],PERIOD_M1,239)+(PairSpread[j]*PairPip[j]);
PairStartBid[j] = iOpen(Pair[j],PERIOD_M1,239);
} else if(Orest_TimeFrame == "H1") {
PairStartAsk[j] = iOpen(Pair[j],PERIOD_M1,59)+(PairSpread[j]*PairPip[j]);
PairStartBid[j] = iOpen(Pair[j],PERIOD_M1,59);
}
PairEndAsk[j] = iClose(Pair[j],0,0)+(PairSpread[j]*PairPip[j]);
PairEndBid[j] = iClose(Pair[j],0,0);
}

You would then just change indicator_number and Orest TF for each time you want to place the indicator on the chart. This is the best way I know how to do it. Not as efficient as the other coders could do, since they could put it all in one indicator, but it works for me.

Regards,

Don

Hi Don

Thanks a million.

Hey guys.

My account is almost up to 50% now.
I will go Live with this system next week.

Regards

Don,

Your IA is indeed the most accurate one I can find. I agree with Gvc too regarding the implementation of smaller time frame like H1, H4 to the indicator for better confirmation of trends. I always open both your IA and Dashboard because Dashboard has smaller time frames.
The current Dashboard shows all buys for the whole day but T101_IA_Don still show majority sells on the top which I believe is due to weekly.

Of and if you don't mind, can you briefly tell me how do you see the buyall and sellall lines again?

Regards

here are some of my results...

Two weeks ago: 4000
One week ago: 5000
Monday: 2000
Tuesday: 2500
Wednesday: 1600 (slept in till 10:30am[-7GMT] missed a lot of the London trading day

Hello Gvc & texmade1,

can you please share your entry/exit rules and indicators/scripts/ea's you are using to be successful on this system?

Thanks in advance!

Hi Inbox

I use the T101_Indy_PriceHistory_v3-dnk, 8 Pair meter of currency and stoch candles indicators and EA are BasketBull v7 and BasketTradingProfitProtect for my trading. I also use disbellj's T101_IA_Don indicator for longer term trades.

My entry is quite simple: Longs
1- All or 80% of M30 "8 pair meter of currency" has green arrows.
2- The stoch candle is green.
3- The #T101# chart is in a uptrend.( Eventually you can guage pullbacks as well)

Exit - If there is a retraction of the price then my BasketTradingProfitProtect EA will stop me out for between 100 & 300 pips.
If the momentum then carries on upwards i will enter a new basket.

Visa Versa for Shorts

All the indicators and EA's have been posted from page 204.

Regards

Don,

I still don't know where to place the code. Please enlighten me.

Thanks.

Trades

The two blue lines represent the two trades i am currently running.

The top x was a poor call as there was no confirmation from the stoch candles.

The bottom blue line was a better call as i had confirmation from all the indicators.

Lets see how it goes.

Gvc,

Thats weird. My candle pattern and xmeter shows complete opposite of yours.

I use Gvc's T101
...and two of Don's Indicators
...and the BuySellBasketBars that Gvc gave us.

Both the T101, and Don's Indicators are a Godsend!!


Rules to remember:

1: When the basket is at, or near- recent historical highs, I try not to buy
2: When the basket is approaching recent historical lows, I try not to sell
3: Trade WITH the Trend (Blah blah blah...we have heard it a 1000 times. lol)
4: When it's RANGING, discover the pulse/wave(Giving away to much on this one)

texmade1,

that is a very good system. Are you using the EA that ectrade modded for you.

chroniclez

Sorry the stoch candle settings i use on the H1 T101 chart are:
Stoch_k = 7.0
Stoch_D = 3.0
Stoch_Slowing= 3.0

Regards

Yes!

ecTrade turned a very good EA, into an excellent one.

**When the basket is near historic highs, I keep that end of it- tight.
Same for when it is at it's lows...

Gvc,

Thanks for sharing your settings.

texmade,

Do you mind sharing your EA here? I would like to test it. =]

Thanks