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Indicators development for T101's not very simple method

  • #3,381
  • Nov 26, 2010 12:12pm Nov 26, 2010 12:12pm
Just wanted to add, that an individual trade is good for a year- unless you have put a time limit on it.
Then it expires, and you take the loss if it's in the negative


Quoting charvo
This is great.

Now when i looked back the profit-locking EA we used to use in Summar, i truly feel it NOT appropriate.

Instead, if possible, holding a basket as long as possible will be extremly rewarding, though it is difficult (but doable).

not sure if you read pipEASY's thread, that holding indefinitely concept seems a great match to T101 basket trading, especially since you do it manually. maybe you can spare a minute when possible on that thread.

continue, please, Kos, I'm always watching. your trading really brings hope to mine....
  • #3,382
  • Edited 12:46pm Nov 26, 2010 12:31pm | Edited 12:46pm
Here we see that the pinkish bar appeared near the end of the downtrend. Then a blue bar appeared...signaling a possible uptrend.

But looking at Don's indicator- we notice that the yellow line did not move up and cross BOTH the Red and Blue lines...

That signified to me a retracement (that the action on the chart wasn't going to change course towards the upside- right then)

Of course there is that proviso we read so often- that "past performance, does not guarantee future results" hahahaha!!!
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  • #3,383
  • Nov 27, 2010 1:29am Nov 27, 2010 1:29am
Hey Kos,

Thanks for posting your indicators and giving a detailed, step-by-step guide on applying it.

Due to time constraints, I always miss out on many good trades on the 1HR TF. I guess I would best trade on the 4HR TF.

Like you said, less trades but good ones.

Thanks Kos!

Quoting Kosomolate
Hi Chroniclez!

Its not stoch candle its the normal offline chart. I dont like the wigs...
  • #3,384
  • Nov 27, 2010 1:35am Nov 27, 2010 1:35am
Oh and Kos,

Thanks for re-posting. I would have really miss the first post.
  • #3,385
  • Nov 27, 2010 2:21am Nov 27, 2010 2:21am
This week has been bearish. The period separator in the attached chart is the beginning of the week.

Has anyone figured out how a ranging week might be with this system.

My result for only Friday.

Peter
Attached Image (click to enlarge)
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  • #3,386
  • Nov 27, 2010 8:39am Nov 27, 2010 8:39am
Quoting ajewopf
This week has been bearish. The period separator in the attached chart is the beginning of the week.

Has anyone figured out how a ranging week might be with this system.

My result for only Friday.

Peter
Great! Have you start live trading on this method?
  • #3,387
  • Nov 27, 2010 10:07am Nov 27, 2010 10:07am
Quoting ajewopf
Has anyone figured out how a ranging week might be with this system.
That's always been the big question here. I think we all know these T101-related strategies can do very well when the basket is trending nicely. An analysis of a ranging week by those with successful strategies would be most beneficial to everyone. May I suggest the week of 9/27/2010?
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  • #3,388
  • Nov 27, 2010 11:50pm Nov 27, 2010 11:50pm
my reaction to this kind of situation (a problem the trading world has been fighting against for centuries, maybe):

maybe we just have to trade, and SLed.

To some extent, ZZ, during this week, the risk is CONTAINED with some simple rules.

In other words, if this week is trending, or any week is trending, how many entries you will make per week?

4? or 3. let's say 4, almost one basket one day for a trending week, pretty many (if me, i might be able to enter 1 or 2 baskets)...

now comes to this 9/27 week, what if you sell at bottom, and buy at top, and SLed for 5 baskets in 5 days. the risk is in fact at most that much if we keep a sane mind.

say, let's make up a rule, maximum 4 entries per week (or 3). this way, at least the risk is limited. but when trending week comes, the profit may not be limited.

i have just come back to try again this basket trading in a manual way (follow Kos, hopefully), still testing 2 weeks so far, cannot declare anything, but thinking my way might be above.

Quoting zznbrm
That's always been the big question here. I think we all know these T101-related strategies can do very well when the basket is trending nicely. An analysis of a ranging week by those with successful strategies would be most beneficial to everyone. May I suggest the week of 9/27/2010?
  • #3,389
  • Nov 28, 2010 6:15am Nov 28, 2010 6:15am
[quote=disbellj;4182529]Since texmade1 has made available a picture of the indicators used, and also names of indicators used, as well as pointing me to the correct one when I didn't have the right one, I've decided to make available the indicators in one place along with a template.

Shut down MT4, and place pictures on your desktop, template in MT4 > templates folder, and all indicators in MT4 > experts > Indicators folder. Start MT4.

The pictures show 8 pair (what Texmade1 is lookng at now) vs 14 pair which I have corrected to use IBFX/Universal pairs by trader101/Julius. If you want to trade 8 pairs and know what they are in the indicator, then choose 8 pairs. If you want to trade 14 pairs, choose 14 pairs in T101_Indy_PriceHistory_v3-dnk_DonFix14 to build T101 14 pair offline chart.



I like to thank you and Gvc,Tex,Kos,for all your helps to us newbies on this thread.
I have been through the all tread to try to understand the T101, system.

Offcourse I also studied the T101 manual,PDF.

I have come cross som many diffrent ea's and indicators and diffrent setups for T101,Whitch I found a bit confusing to choose the right one.

But your above step by step explaination of( tex setup,and indicatores) made it a lot easier and clear for me how to setup my offline chart.
A couple of more stupid Qusestion I like to ask,to be clear on.

Now, after I see a signal to sell I like to know (to be sure ) whitch of the ea's sell basket is best to use. ie sell 13,buy13,or sell all pairs,buy all pairs, BuySellBasket ,and so on.and does it go on the 1hr life chart or (offline chart,I doubt).

Also once the sell or buy ea is excuted,do I leave it on for the all duration of the trade,or you taket off after it starded.

Do I still need to put Dns-02_Q2Exc_Multip-GEN_CROVmodter,on the scipt file,as well as ExportHistory hdmencn indicator,after placing T101_Indy_PriceHistory_v3-dnk_DonFix14,on chart.

I thank Don or anyoneelse can help me with these question,so as I can be clear on the correct path of demoing this T101 system.

Monty.
  • #3,390
  • Nov 28, 2010 8:05am Nov 28, 2010 8:05am
Not yet. My greatest challenge is that the indicator I have identified for use is a multi time frame one which has limited use with this great offline chart. I am researching what I can do to incorporate the indicator with the offline chart. If I am able to do that, I wont even fear ranging times. I will let everyone know when I am able to do that.
Quoting fxforex
Great! Have you start live trading on this method?
  • #3,391
  • Nov 28, 2010 8:07am Nov 28, 2010 8:07am
Oh great. This week will give a clue, I tell you. I will crack it and report back.
Quoting zznbrm
That's always been the big question here. I think we all know these T101-related strategies can do very well when the basket is trending nicely. An analysis of a ranging week by those with successful strategies would be most beneficial to everyone. May I suggest the week of 9/27/2010?
  • #3,392
  • Nov 28, 2010 8:17am Nov 28, 2010 8:17am
Quoting ajewopf
Not yet. My greatest challenge is that the indicator I have identified for use is a multi time frame one which has limited use with this great offline chart. I am researching what I can do to incorporate the indicator with the offline chart. If I am able to do that, I wont even fear ranging times. I will let everyone know when I am able to do that.
Yes, there are subtleties with MTF indicators on non-standard timeframe charts (ie, offline charts) that you need to be aware of. If you struggle with a solution, let me know, I may be able to assist.
  • #3,393
  • Edited 8:57am Nov 28, 2010 8:38am | Edited 8:57am
Like I mentioned a while back...your mind/brain is the main indicator.

Whichever indicator(s) you choose to put on your chart- they are there to help your mind/brain make the decision.

Spend time demo trading...concentrate your mind.
Have a clear cut goal pictured in your mind.
(not- I want to be a Billionaire, or Millionaire)

A clear cut goal of lets say for example $500.00 a day.
That is $10,000.00 a month.
It is achievable...
That was my goal!!

Concentrate your mind...??

Recall the one story of the great Aristotle in ancient times- one of his students asked him "how can I learn the truth?"

Aristotle grabbed him and dunked his head under the water, and kept him there until he almost drowned.
Lifting the student's head out of the water, he told him "when you want truth, as much as you wanted the air- then the truth will come to you!!"

Concentrate your mind on Trading.

When you go to sleep- and find yourself dreaming of Forex Charts(every night), THEN you know you are getting close.

Force your mind/brain to adapt, and learn.
Then your mind/brain will show you when to trade, and in what direction.

------------------------------------------------------------------------------------------------

**What i have is three charts.

1: The main chart(offline), with my indicators

2: A second chart that I trade from
*(I place the BUYall/SELLall EA's on there, until the basket is activated- then delete it from the chart right away)
**(the EA I use would keep adding pairs to infinity, if I left it on the chart)
***(don't know about the other EA's though)

3: The third chart has my take profit EA running 24/7






[quote=Monty13;4203650]
Quoting disbellj
Since texmade1 has made available a picture of the indicators used, and also names of indicators used, as well as pointing me to the correct one when I didn't have the right one, I've decided to make available the indicators in one place along with a template.

Shut down MT4, and place pictures on your desktop, template in MT4 > templates folder, and all indicators in MT4 > experts > Indicators folder. Start MT4.

The pictures show 8 pair (what Texmade1 is lookng at now) vs 14 pair which I have corrected to use IBFX/Universal...
  • #3,394
  • Nov 28, 2010 1:24pm Nov 28, 2010 1:24pm
---------------------------------------------------------------------------

**What i have is three charts.

1: The main chart(offline), with my indicators

2: A second chart that I trade from
*(I place the BUYall/SELLall EA's on there, until the basket is activated- then delete it from the chart right away)
**(the EA I use would keep adding pairs to infinity, if I left it on the chart)
***(don't know about the other EA's though)

3: The third chart has my take profit EA running 24/7

Tex

Thank you for your help.
Now I know Which chart to put the buyall/sellall ea on,and to take off,after it activated.
  • #3,395
  • Nov 30, 2010 8:09am Nov 30, 2010 8:09am
Orest,

I came accross your thread a few days ago. I am interested with the EA business rules and started demoing. I selected EURUSD as a pair to watch with 0.10 lot and the trend is short. The EA generated a 1.00 lot for the EURUSD pair and the rest 0.10 lots. I just want to know how to tweak the EA in order to generate a uniform lots.

Salamat kabayan,

Edd
  • #3,396
  • Nov 30, 2010 8:58am Nov 30, 2010 8:58am
Hi great coders out there
Can anyone assist with a script that can close part of open basket. I sometimes want to close half of my position in a basket trade and this is time consuming. Sometimes that work like the CloseAll script but this time around, just to close maybe .5 of all open pairs so that the remaining part can be left running.

Any assistance will be appreciated

Peter
  • #3,397
  • Nov 30, 2010 9:48am Nov 30, 2010 9:48am
Quoting ajewopf
Hi great coders out there
Can anyone assist with a script that can close part of open basket. I sometimes want to close half of my position in a basket trade and this is time consuming. Sometimes that work like the CloseAll script but this time around, just to close maybe .5 of all open pairs so that the remaining part can be left running.

Any assistance will be appreciated

Peter

Have You tried Steve Howord's MPTM,it should do what you require.

Good luck
  • #3,398
  • Nov 30, 2010 10:24am Nov 30, 2010 10:24am
Hi Tex

Are these EAs part of those that have been shared in this thread. If not, can you kindly share. I am trading manually for now. Won't mind if I see something that can assist me
Regards
Peter

[quote=texmade1;4203758]Like I mentioned a while back...your mind/brain is the main indicator.

*(I place the BUYall/SELLall EA's on there, until the basket is activated- then delete it from the chart right away)
**(the EA I use would keep adding pairs to infinity, if I left it on the chart)
***(don't know about the other EA's though)

3: The third chart has my take profit EA running 24/7
  • #3,399
  • Nov 30, 2010 10:31am Nov 30, 2010 10:31am
I really need a script that will perform a particular operation I want for a particular time. An ea does not do that for me.

Many thanks
Peter
Quoting Monty13
Have You tried Steve Howord's MPTM,it should do what you require.

Good luck
  • #3,400
  • Nov 30, 2010 11:57am Nov 30, 2010 11:57am
Looking at:
http://www.forexfactory.com/showpost...postcount=3332

I see that Tex talked about a few indicators, but not support and resistance. I have support and resistance defined (could be defined multiple ways), but not used in rules. The bars indicator that shows different colors still seems to me to be subjective, so I left it out. So I changed an existing EA to make sure that on last bar (closed bar) that AbsoluteStrengthv1.1 and T101_BuyAllPairs agreed as far as Tex's post made above. Using fixed SL and risking 10% per trade, I made 18% overnight, but then today saw I was kicked out of a trade when I shouldn't have been, so I made changes to be more correct and am demoing again. Looks good though in trending times for sure. Can't wait for a ranging period to see what will happen to it.

Tex, thank you for making it possible, by giving your strategy (even though I admittedly don't grasp it fully, since there are different ways to determine support and resistance (and the one I use actually gives different results depending on ZOOM of chart), and I'm not real familiar with that other indicator he uses because it just seems too subjective (this colored bar could mean this or could mean something else, etc.)

Regards,

Don
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