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Indicators development for T101's not very simple method

  • #3,161
  • Edited 12:56pm Oct 21, 2010 12:26pm | Edited 12:56pm
Texmade1

I would like to say that i never accept losing trades, but every now and again one goes against us like now. Conceded 2 basket losses but i have recovered $70 so far.

I am trading this as i would my Live account and can not afford huge DD.

Regards
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  • #3,162
  • Oct 21, 2010 12:46pm Oct 21, 2010 12:46pm
Gvc,

I'm not far behind of you. Lol.
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  • #3,163
  • Oct 21, 2010 12:50pm Oct 21, 2010 12:50pm
texmade1,

I have downloaded the EA that you used so you don't need to post it anymore, in case you actually intend to! Lol.

Regards
  • #3,164
  • Oct 21, 2010 12:55pm Oct 21, 2010 12:55pm
Try looking through my 34 posts...

A lil work involved, never hurt anyone lol




Quoting Chroniclez
Gvc,

Thanks for sharing your settings.

texmade,

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

Thanks
  • #3,165
  • Oct 21, 2010 12:56pm Oct 21, 2010 12:56pm
texmade1,

I was just wondering, with such large amount of trades open, don't you not experience huge DD as well? Or you manage to hedge your losses?

I see high risk to this. Correct me if I'm wrong.

Thanks.
  • #3,166
  • Oct 21, 2010 12:57pm Oct 21, 2010 12:57pm
Quoting texmade1
Try looking through my 34 posts...

A lil work involved, never hurt anyone lol
Yes, I did so. =]

Thanks
  • #3,167
  • Edited Oct 22, 2010 6:33am Oct 21, 2010 1:02pm | Edited Oct 22, 2010 6:33am
Try it in Demo and push it too the max...
**(I started with .01. Went to .02. Jumped to .03, then to .08 Now I am at .10)
In two and a half weeks my account went from 10k to 28k.

There are a few trades been sitting there for weeks, but they will come around eventually
(actually that big move down the other day, took care of some, and the big move up took care of others lol)
Your always going to have some that are slow...


Have you watched the movie "Transporter?"

Rules # 1 & 2 apply.

Rule#1: When the basket is at, or near- recent historical highs, I try not to buy
Rule#2: When the basket is approaching recent historical lows, I try not to sell

Never trade into recent historical highs, or lows.

*****Ok, my last edit- and the last I will speak on it!*****

My margin right now is: $995.00
My free margin is: 2400%
...and my profit is: -$3600.00

I have roughly 50 trades active?? (didnt count them)



Quoting Chroniclez
texmade1,

I was just wondering, with such large amount of trades open, don't you not experience huge DD as well? Or you manage to hedge your losses?

I see high risk to this. Correct me if I'm wrong.

Thanks.
  • #3,168
  • Oct 21, 2010 1:15pm Oct 21, 2010 1:15pm
Quoting texmade1
I have had over 60 trades come in positive, just in the time it took to write, and send in my posts

Try it in Demo and push it too the max...
I believe that I could trade any size lot, even 8.0 - and it wouldn't make a difference
(My plan is to double my lot size, every time I double my Balance)

There are a few trades been sitting there for weeks, but they will come around eventually
(actually that big move down the other day, took care of some, and the big move up took care of others lol)
Your always going to have some that are slow...
Thanks for addressing my concerns. I will look into this method of trading very soon.

Keep us updated on your progress would ya?

Thanks
  • #3,169
  • Edited 6:31am Oct 22, 2010 6:09am | Edited 6:31am
To me, if your worried about basket losses, your lot size is too big




Quoting Gvc
Texmade1

I would like to say that i never accept losing trades, but every now and again one goes against us like now. Conceded 2 basket losses but i have recovered $70 so far.

I am trading this as i would my Live account and can not afford huge DD.

Regards
  • #3,170
  • Edited 8:13am Oct 22, 2010 6:31am | Edited 8:13am
Quoting Gvc
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...
Hi, Gvc

I've attached the EA to GBPJPY/H1 chart, but I just couldn't understand how to use it auto or manually even though I read the explanations in word format. Could you please make it clearer for me how to choose auto or manual and when it opens in auto mode does it open as a basket? How to open manually, choosing each pair seperately and open one by one or what? I'd also like to trade 0.01 lot, instead of 0.1.Sorry for the questions but I really couldn't make it...

Regards,
  • #3,171
  • Edited 10:24am Oct 22, 2010 9:35am | Edited 10:24am
cracked 30,200

Monday, switching to .20 sized lots


***Don, I will mail you later today
  • #3,172
  • Oct 22, 2010 9:58am Oct 22, 2010 9:58am
Quoting victor57
Hi, Gvc

I've attached the EA to GBPJPY/H1 chart, but I just couldn't understand how to use it auto or manually even though I read the explanations in word format. Could you please make it clearer for me how to choose auto or manual and when it opens in auto mode does it open as a basket? How to open manually, choosing each pair seperately and open one by one or what? I'd also like to trade 0.01 lot, instead of 0.1.Sorry for the questions but I really couldn't make it...

Regards,
Hi Victor57

I have attached my preset file for manual trading.All you have to do is change your Lot size.

If you use the sliding scripts e.g. Double Click the "Buy" then Left Click it and drag it onto the chart, you will then get a Control Box asking if you want to place Buy trades, by pressing OK it will place a Buy order for all 8 pairs.
All the sliding scripts work the same way.

If you want to trade 14 Baskets then just input 14 instead of 8 in the EA Basket value in the Control Box.

If you want to place single orders then you have to do that the conventional way.

Regards
Attached File(s)
File Type: zip gvc.zip   1 KB | 1,081 downloads
  • #3,173
  • Oct 22, 2010 10:54am Oct 22, 2010 10:54am
Thank you, Gvc

I've used your set file,changing only the parameter from 0,05 to 0.01. Yet it shows 'Mode:Manual, H1,Lots=0.10' on top of the screen. Should it be that way, or do I have to change some other parameters as well?
  • #3,174
  • Edited 11:27am Oct 22, 2010 11:12am | Edited 11:27am
Hey Victor57

That is very strange. If i check mine it shows 0.01 when i set it up.

Disable your Expert Advisors tab on the top of your screen, right click on chart and go to Expert Advisors - Properties - and check your Lot size again.

I have noticed that you can not modify the EA while the Expert Advisors tab is "On".
  • #3,175
  • Oct 22, 2010 11:25am Oct 22, 2010 11:25am
Gvc, I've noticed that my demo account has been 'standard' one, minimum lot size= 0.1 so I changed it to 'micro'and the screen got corrected as 0.01.

Thank you for your quick replies and help.

Regards
  • #3,176
  • Edited 10:29am Oct 23, 2010 9:05am | Edited 10:29am
The legendary Bruce Lee taught over, and over- that in order to reach our full potential as fighters, we need to learn the forms(kata) first.

Then once we have learned the forms, we must FREE ourselves from those same forms, and come into our own.

Both Bruce Lee, and the Sword Saint Musashi, became legendary...because they became ONE with THEIR WAY!

*(Every student honors the Master. But as the Apostle Paul says...there comes a time when we must wean ourselves from the milk...and begin to eat Meat)


In trading, there is a great emphasis on entry and exit points.
Thousands of threads are created to discuss the merits of this indicator, or that indicator.
Many traders are obsessed with indicators.

*The GREATEST traders on the planet, don't even worry about entry and exit.
They can enter a trade, at (just about) any time, and in any direction- and make a profit.

Money Management is the Key!!!
Basket Trading is the Lock...
(Work them together, give your Broker a Shock)
  • #3,177
  • Oct 23, 2010 10:12am Oct 23, 2010 10:12am
Quoting texmade1
The legendary Bruce Lee taught over, and over- that in order to reach our full potential as fighters, we need to learn the forms(kata) first.

Then once we have learned the forms, we must FREE ourselves from those same forms, and come into our own.

Both Bruce Lee, and the Sword Saint Musashi, became legendary...because they became ONE with THEIR WAY!
Very interesting example you just used.. Haha..
I know about Bruce Lee but Musashi, I only saw this name once in a Playstation game. Lol..
  • #3,178
  • Oct 23, 2010 11:01am Oct 23, 2010 11:01am
In Japan, at least among the followers of Kendo/Iaido/Bushido etc, Musashi is revered as a Sword Saint.

In fact he is Japan's only Kensei, or Sword Saint.

"Miyamoto Musashi (宮本 武蔵?) (c. 1584–June 13 (Japanese calendar: May 19), 1645), also known as Shinmen Takezō, Miyamoto Bennosuke, or by his Buddhist name Niten Dōraku[1], was a Japanese swordsman and samurai famed for his duels and distinctive style. Musashi, as he was often simply known, became renowned through stories of his excellent swordsmanship in numerous duels, even from a very young age. He was the founder of the Hyōhō Niten Ichi-ryū or Niten-ryū style of swordsmanship and the author of The Book of Five Rings (五輪書, Go Rin No Sho?), a book on strategy, tactics, and philosophy that is still studied today. He is considered as one of the greatest warriors of all time."



Quoting Chroniclez
Very interesting example you just used.. Haha..
I know about Bruce Lee but Musashi, I only saw this name once in a Playstation game. Lol..
  • #3,179
  • Edited 11:45am Oct 23, 2010 11:22am | Edited 11:45am
Most of Musashi's life was spend in his quest to become ONE with his sword.

Like Bruce Lee, he ended up cutting out all the non essentials, all the frills...and got down to the point.

For Musashi, it was to defeat his opponent in mortal combat.


For us as traders, our quest(or, the POINT), is to create a trade, and take it to profit.
(To make a killing, so to speak!!) lol
  • #3,180
  • Oct 23, 2010 11:41am Oct 23, 2010 11:41am
Wow, you do know a lot on this two legendary figures eh?

You're right about Bruce Lee. He took away all the frills of his core martial art and combined it with some other martial art like kickboxing and karate to create the ultimate martial art. Do you read about him or watched dramas on his life story?

His core martial art is Wing Chun Fist.

Wing Chun history

A Lady [Creator] --> Grandmaster--> Master [took away frills and combined with some kicks] --> Bruce Lee [took aways more frills *lol* and combined with other martial arts] --> 2 million practitioners.
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