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Indicators development for T101's not very simple method

  • #3,201
  • Oct 27, 2010 3:39am Oct 27, 2010 3:39am
Quoting Maveri4k
Hey guys,

I have been testing this indicator with different brokers (all with no suffixes) and was wondering why is there such a huge gap as shown: It was at 15.10.10 and then the next "candle" closes at 25.10.10
I have been loking at the news but no news were taken during this gap so i really have no clue what cause this. Anyway, I went short so thanks to that gap i made kinda big profit. I honestly hope that that gap didnt hurt anyone! I hope so because there wasnt a good condition to buy anyway. If you lost much using no stoploss while scalping this is your bad :-)
  • #3,202
  • Oct 27, 2010 3:48am Oct 27, 2010 3:48am
But that was a 10-day difference in candles lol (15 Oct 2010 jumping to 25 Oct 2010. It didn't show for other brokers so I guess it might be something wrong with the one that I am testing with?
  • #3,203
  • Oct 27, 2010 7:46am Oct 27, 2010 7:46am
you guys having this problem with missing candles/history:

not the scripts' fault. that's mt4 fault. MT4 is a good platform but as soon as you start downloading history, you start getting price gaps. i get them in way past history as well. nothing you can really do about it. sometime a datafix mode for this stuff won't fix it because too much is missing. it's supposed to be for maybe but a few candles. maybe zz can say something about that i don't know.
  • #3,204
  • Oct 27, 2010 8:05am Oct 27, 2010 8:05am
Quoting Golum
Sorry, what indicator do you have in the image of your post?
I use Lawgirl's Trend Display Indicator made by Steve Hopwood couple of weeks ago. It was made as an EA but Gspe modified it so now you put it under indicators in Metatrader. http://www.forexfactory.com/showthre...52#post4109852 post 1764
Its important to say that I trade Basket only for catch 50–100 pips every time. I use Steve's Multi purpose trade manager for take profit. BE 13 Trail 50% from 20 Euro. Profit use to be 50-70 pips.
  • #3,205
  • Oct 27, 2010 8:05am Oct 27, 2010 8:05am
Hi All

I have that problem when i lose connection with mt4.

Just right click on the chart where you have the #T101# indicator, select indicator list and open up the T101_PriceHistory...., just press OK and it should fill in the lost bars.

Regards
  • #3,206
  • Oct 27, 2010 8:10am Oct 27, 2010 8:10am
Quoting victor57
Hi, Gvc

Sorry to repeat my request but may I ask the reply from you. Perhaps you'd care to suggest a solution, I couldn't make it to work.Noticed one more thing, after a while my MT4 crashes as well when an offline chart attached.

Thanks,
Victor...after you attach the indicator to 1 hr or daily chart it shos a green label at the bottom right..NOW go to File menu at the top left and when you click File you will see Open Offline ..click that now this offline chart combines all currencies in basket...Now use this with any indicator you like
  • #3,207
  • Edited 9:35pm Oct 27, 2010 10:10am | Edited 9:35pm
hi,kos,chavo:

Pleas acording to T101_EA_KOS_CHAVO_E,

create one buy 14 pair scripts and one sell 14 pair scripts,

no conditions 1, 2 ,3 ,4,only use protecting account and opening.

sorry ,my english is very bad.

thanks,
  • #3,208
  • Edited 2:19pm Oct 27, 2010 1:27pm | Edited 2:19pm
Sorry Victor57, i did not see your earlier post. I see spiderforex helped you out.
Did you come right?

Any way i have another setup that might help new basket traders.

-Attach the T101_Indy_PriceHistory_vs-dnk to any four charts.

- Set the first chart T101_Indy_PriceHistory_vs-dnk to M15, the second to M30, the third to M60 and the fourth to M240.

- You can now open an M15,M30,M60 and H4 T101 offline charts.

-Attach all the indicators and the attached Color Stochastic to each offline chart.

- Enter in the M15 chart and as long as the color stochs stays below 50 then you stay in the trade.

- If the color stochs breaks the 50 on both the M15 & m30 Then we exit.

-I advise you to use the color stochs with caution as it repaints. Trying to create stoch bars for better signal. Still a good signal indi though.

Try it. I made good pips yesterday.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: t101 2710101.gif Size: 18 KB
Attached File(s)
File Type: mq4 Color Stochastic.mq4   5 KB | 771 downloads
  • #3,209
  • Edited 7:08pm Oct 27, 2010 6:55pm | Edited 7:08pm
Here is the indicator!
Happy trading with basket trading!
Attached File(s)
File Type: mq4 T101_Indy_PriceHistory_v3-dnk.mq4   14 KB | 634 downloads
  • #3,210
  • Oct 28, 2010 3:04pm Oct 28, 2010 3:04pm
StochBars

Here is a Indicator that i modified for the T101 offline charts.

I know that what i am presenting here is nothing new, ....except for the fact that we are trading 8 to 14 pairs and as such if we only have one decent setup in a day, ....well the result is 200 to 500 pips in the bank.

I use the M15 & M30 StochBars for my Entry & Exit.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: t101 2810101.gif Size: 27 KB
Attached File(s)
File Type: mq4 StochBars.mq4   6 KB | 765 downloads
  • #3,211
  • Oct 28, 2010 3:43pm Oct 28, 2010 3:43pm
You had mentioned that the stoch indicator repaints, do you know why that is?
What's the difference between using it and just throwing the regular stoch on the offline chart? Stoch's shouldnt repaint should they?
Have you noticed whether your stoch bars are repainting as you said as well?
Thanks for sharing this, would be nice to be able to look back on the offline chart without repainting issues to try to formulate a trading plan, only reason I am askin
  • #3,212
  • Oct 28, 2010 3:58pm Oct 28, 2010 3:58pm
Quoting tazmaan
You had mentioned that the stoch indicator repaints, do you know why that is?
What's the difference between using it and just throwing the regular stoch on the offline chart? Stoch's shouldnt repaint should they?
Have you noticed whether your stoch bars are repainting as you said as well?
Thanks for sharing this, would be nice to be able to look back on the offline chart without repainting issues to try to formulate a trading plan, only reason I am askin
Hi tazmaan

What i mean by repainting is that the fast line, only on the "color stochastic" in this example might break through the 50 line by 5 or 10 points only to retract again to below the 50 line, if there is a retraction on that particular candle.

Thats why it is a better signal to wait for the next tf to break the 50 as well.

Regards
  • #3,213
  • Oct 28, 2010 4:34pm Oct 28, 2010 4:34pm
But you are just talking current bar right? Once the bar closes the position of even the stoch fast line is locked into place isn't it?
If yes, then its not repainting, everything has to continue to adjust while the bar is still open.
I'll throw it on some of the offline charts I am playing with and see if I can make judgement on whether it repaints past bars data or not.
  • #3,214
  • Oct 28, 2010 4:57pm Oct 28, 2010 4:57pm
I seem to have caused confusion by saying that the stoch indicators are repainting.

They do not repaint.

Once the bar has closed and the next one opens, then that color is locked in and will not change again. ON ALL THE INDICATORS.

As per my post above i was only referring to the one Indicator called "Color Stochastic" and referring to the current bar only.

It shows that i must word my meaning more accurately next time.

I apologize to everyone.

LOL i cant even go back to Edit that post.

Regards
  • #3,215
  • Oct 28, 2010 5:25pm Oct 28, 2010 5:25pm
ok, thanks GVC. That's what I thought as well, that's why i wanted to clarify
  • #3,216
  • Oct 30, 2010 3:09am Oct 30, 2010 3:09am
Hi

how to make a basket with only two pairs buyEURUSD and sellUSDCHF using T101_Indy_PriceHistory_vs-dnk. I do not know how to do that...
  • #3,217
  • Edited 3:53am Oct 30, 2010 3:21am | Edited 3:53am
Quoting Gollum99988
Hi

how to make a basket with only two pairs buyEURUSD and sellUSDCHF using T101_Indy_PriceHistory_vs-dnk. I do not know how to do that...
Here you go.
Set the Basket to 2.

I do not quite know how this will work out as the 2 pairs are almost a perfect hedge. (Maybe a straight line. lol)

Regards
Attached File(s)
File Type: mq4 T101_Indy_PriceHistory_v3-dnk_Gollum.mq4   14 KB | 769 downloads
  • #3,218
  • Oct 30, 2010 5:48am Oct 30, 2010 5:48am
Thanks GVC

But I thing that this is incorect becouse it looks like Buy EURUSD and BUY USDCHF And i want to have Buy EURUSD and Sell USDCHF so i schould be opposite to a straight line...

so lets say if a move of eurusd (open position buy EURUSD) 50 pips up candle and a move on usdchf (position short on USDCHF) 50 pips candle down schould give a basket candle of 100 pips ... only asking
  • #3,219
  • Edited 8:17am Oct 30, 2010 6:53am | Edited 8:17am
Quoting Gollum99988
Thanks GVC

But I thing that this is incorect becouse it looks like Buy EURUSD and BUY USDCHF And i want to have Buy EURUSD and Sell USDCHF so i schould be opposite to a straight line...

so lets say if a move of eurusd (open position buy EURUSD) 50 pips up candle and a move on usdchf (position short on USDCHF) 50 pips candle down schould give a basket candle of 100 pips ... only asking
Hey Gollum99988

Just kidding about the straight line thing.

If i am correct, the candles will reflect the "sum of" the two pairs.
If the EURUSD is the dominant pair in an upwards mometum, then the candles will go up, albeit at a slower rate.

Which brings me to the conclusion that you may have an interesting strategy on the 2 pairs.

In the above case, if the EURUSD is in fact the dominant pair then you can Buy both pairs and still end up with a sizable profit. If it goes against you then the loss will not be so great because of the Hedge factor.

Just thinking out loud.

EDIT - I removed the indicator that i tried to modify to Gollum99988 as it did not work.( Goes to show that i must test before posting)

Regards
  • #3,220
  • Oct 30, 2010 7:21am Oct 30, 2010 7:21am
Hi,all:

GVC's T101_Indy_PriceHistory_vs-dnk is very perfectly.
But who can accorde to T101_EA_KOS_CHAVO_E creating one buy14 pair scripts and one sell 14 pair scripts,no conditions 1, 2 ,3 ,4,only use it protecting account and opening.

It will be very very perfectly!


Thanks
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