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Indicators development for T101's not very simple method

  • #3,461
  • Dec 6, 2010 4:08pm Dec 6, 2010 4:08pm
Hello GVC
Is this the 14 pairs or the 8 pairs?
Thanks
Peter

Quoting Gvc
Today's trade made $300 on new system. It went above $400 but got stopped out on Profit Lock for $300. I set the Profit Lock to $300.
I entered a bit late but still made my entry as the Trenfinders conditions were perfect.

I think if i have 1 trade like this a day then i will stop. My biggest losses have come from over trading. (Trying to milk every last drop)

Regards
  • #3,462
  • Dec 6, 2010 4:35pm Dec 6, 2010 4:35pm
Hi Don
One approach that has worked for me in the past is to first make a combo kind of indicator that combines all these conditions and test it out before making an EA. If the indicator works, testing out an EA based on it is easier to do.
My 2 cents
Peter
Quoting disbellj
Gvc,

OK, so here's the conditions I'm expecting:

1st Buy entry:
1. Get blue arrow on current open bar (you didn't way wait until it' closed). Buy condition1 goes to True.
2. If buy condition1 is true, and you get a cross of QQEA or (AbsoluteStrength, but you use QQEA now, so I will stick with it, unless you want me to ) on current open bar (you didn't way wait until it' closed). Buy condition2 goes to True.
3. If buy condition2 is true, and you have TrendFinder H1 row1, M30 rows1&2, M15 rows 1,2,3,&4, and M5 rows 1,2,3,4,&5 must be either all...
  • #3,463
  • Edited 10:24pm Dec 6, 2010 10:09pm | Edited 10:24pm
hi ,gvc

now i am testing your system , and i think it is a such a good sys that can generate profit stable, i just have one question about the qqea,whether the qqe cross the 50 line is another signal?and in your system do you still use the indicator of 8 pair meter of currency now?
Attached Image (click to enlarge)
Click to Enlarge Name: qq.jpg Size: 101 KB
  • #3,464
  • Dec 7, 2010 12:19am Dec 7, 2010 12:19am
Quoting ajewopf
Hello GVC
Is this the 14 pairs or the 8 pairs?
Thanks
Peter
Hello Peter

This is on 8 Pairs.

Regards
  • #3,465
  • Dec 7, 2010 12:58am Dec 7, 2010 12:58am
Quoting 41413592
hi ,gvc

now i am testing your system , and i think it is a such a good sys that can generate profit stable, i just have one question about the qqea,whether the qqe cross the 50 line is another signal?and in your system do you still use the indicator of 8 pair meter of currency now?
Hi 41413592

It had crossed my mind to test different levels on the indi's but i have not got around to it yet. Thanks for pointing it out. It looks like some decent trades can be made off of that 50 level. I will definitely include it now and monitor that setup.

Yes, i still use the 8 Pair Meter of Currency. I use it on a different setup.

Regards
  • #3,466
  • Edited 12:52pm Dec 7, 2010 2:08am | Edited 12:52pm
So you're really just looking for a AbsoluteStrength cross (not cross and bar close, just cross) and agreement from TrendFinder (can have lime and yellow for buy, or red and yellow for sell).

That won't be much to get that integrated. I think it'll take longer getting your profit-taking numbers input. Edit: Implemented all but your profit-locking.

Regards,

Don


Quoting Gvc
Don,

Sorry for taking so long to respond... I had to refresh my page 20 times before i could see your posts at the bottom of page. (Storm over here)

Buy Condition 1 - Blue Arrow very seldom lines up like this so i dont think we must use it.
Buy Condition 2 - The Absolute Strength definitely gives earlier signals, so maybe we must stick to it.
The rest is as you said.

Thanks
  • #3,467
  • Dec 7, 2010 2:11am Dec 7, 2010 2:11am
ajewopf,

As long as trading functions are put in already (basic structure), then it's easier for me to go straght to EA and forego indicators first. I used to do as you recommend, but these days just go straight to EA and forego indicaotrs, and forego backtesting and just forward test.

Just my 2 cents.

Regards,

Don


Quoting ajewopf
Hi Don
One approach that has worked for me in the past is to first make a combo kind of indicator that combines all these conditions and test it out before making an EA. If the indicator works, testing out an EA based on it is easier to do.
My 2 cents
Peter
  • #3,468
  • Dec 7, 2010 9:54am Dec 7, 2010 9:54am
Well, what I do is whenever the price action starts getting higher, or lower on the chart/ I occasionally look into the past to see where the places are where price action has stopped and reversed.

Then when the price nears those points, I pay increased attention to the chart and my indicators.

I pay attention to my chart and indicators- as posted a page or so back.
The Marketwatch is an idicator for me too



Quoting edoughig
What do you classify as an historical high/low? Looking at this as a basket of currency pairs differs highly from looking at individual currency pairs. AUDUSD is not far off from an historical high, but USDJPY is not far off from an historical low. Do you consider individual pairs or just the last 1000 or so bars of the basket as a whole?

Thanks,
Eric
  • #3,469
  • Dec 7, 2010 9:55am Dec 7, 2010 9:55am
Quoting texmade1
Well, what I do is whenever the price action starts getting higher, or lower on the chart/ I occasionally look into the past to see where the places are where price action has stopped and reversed.

Then when the price nears those points, I pay increased attention to the chart and my indicators.

I pay attention to my chart and indicators- as posted a page or so back.
The Marketwatch is an idicator for me too
Cool. Thanks for the explanation.
  • #3,470
  • Dec 7, 2010 12:40pm Dec 7, 2010 12:40pm
Gvc,

You say you trade 0.1 Lots per pair.
Is this one mini Lot per pair (so that $60 = approx. 60 pips, or approx. $1.00/pip)?
If not, then 0.1 would mean one micro lot per pair (so that $6 = approx. 60 pips, or approx. $0.10/pip)

You use multi purpose trade manager to manage SL, TP , and TS, correct?
If so, it looks like the only external variables we'd be concerned with would be:
ManageBasketTrades
BasketClosureTP
BasketTPinDollars
BasketDollarTP=900
BasketClosureSL
BasketSLinDollars
BasketDollarSL=150
BasketJumpingStop
BasketJumpingStopProfit=30
(note: the numbers above are after I loaded your .set file, and these numbers don't match numbers you said you use. Please verify)

... and of course the needed functions, which is for me to try to implement.

You say that you set Lock Profit to true at around $60, and then set Jumping Stop to $30 to $50. Did you mean you set BasketClosureTP to true at $60, and then set BasketJumpingStopProfit to $30 to $50?

If you will answer these questions, I might be able to implement your MM plus my MM for Lots (if you use SL, which it looks like you do) and scaling of Lots and scaling of profit-locking numbers, so that part is also automatic as account grows.

Regards,

Don


Quoting Gvc
Hello Don

It would be awesome to automate this system.

The number on top of the Trendfinder Indi is the candle number, i.e. 1 = current candle, 2 = 2nd candle from current ....

No settings are changed in indicators.

My Buy conditions are as follows for H1:
- M5 First 5 rows are Green.(In case the trend is changing again)...
  • #3,471
  • Edited Dec 8, 2010 1:08am Dec 7, 2010 1:29pm | Edited Dec 8, 2010 1:08am
Don,

0.1 Lots = $1 / Pip (Edit == My head is in 3 places at the same time)

After playing with the the numbers for a few days, my settings are:
BasketDollarTP=900
BasketClosureSL
BasketSLinDollars
BasketDollarSL=240 (8 x 30)
BasketJumpingStop = Set to True on $300
BasketJumpingStopProfit=100

If the BasketJumpingStopProfit is set too Low then it kicks you out of the trade too early.

So the only setting i change in the trade is BasketJumpingStop.

Regards
  • #3,472
  • Dec 7, 2010 2:32pm Dec 7, 2010 2:32pm
Today's trades.

1st - Got stopped out for a few $ profit.
2nd - Got stopped out $300+

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: t101 071210.gif Size: 101 KB
  • #3,473
  • Dec 7, 2010 3:18pm Dec 7, 2010 3:18pm
Quoting Gvc
Today's trades.

1st - Got stopped out for a few $ profit.
2nd - Got stopped out $300+

Regards

GVC:

Could you tell me what indicator is posting the arrows on your screenshot?
  • #3,474
  • Edited Dec 8, 2010 10:56am Dec 7, 2010 4:16pm | Edited Dec 8, 2010 10:56am
Gvc,

You're saying $0.10/pip, so the $300 gain was around 3,000 pips and not 300 pips today? Edit: I see you corrected it to be $1/pip.

Regards,

Don


Quoting Gvc
Don,

0.1 Lots = $0.10 / Pip (Edit 5 digit broker)

After playing with the the numbers for a few days, my settings are:
BasketDollarTP=900
BasketClosureSL
BasketSLinDollars
BasketDollarSL=240 (8 x 30)
BasketJumpingStop = Set to True on $300
BasketJumpingStopProfit=100

If the BasketJumpingStopProfit is set too Low then it kicks you out of the trade too early.

So the only setting i change in the trade is BasketJumpingStop.

Regards
  • #3,475
  • Dec 7, 2010 6:20pm Dec 7, 2010 6:20pm
Quoting disbellj
Gvc,

You're saying $0.10/pip, so the $300 gain was around 3,000 pips and not 300 pips today?

Regards,

Don
From the picture Gvc posted with the trades, it's definitely 0.1 standard lots at ~$1/pip.

The thing I am wondering is, Gvc has a basket of buy trades at around 05:30, which seems to correspond with the blue arrow, but another basket of buy trades at 08:15, at bit higher up the rally. What triggered that buy? I suppose it was the TrendFinder as the absolute strength and QQEA don't seem to indicate a new buy. Any insight, Gvc?

Thanks,
Eric
  • #3,476
  • Dec 7, 2010 8:29pm Dec 7, 2010 8:29pm
Just cracked 70k a few mins ago...
  • #3,477
  • Dec 7, 2010 9:30pm Dec 7, 2010 9:30pm
Texmade1,

Cool!

BTW, risking 10% per basket, I've made 8% in last couple days on demo with EA I'm building of your strategy. This is basically not buying above midline of full T101 chart range (control point?), and not selling below. That rule added to the other stuff that I already implemented. I think I've only not implemented the indicator with red, pink, and blue bars (atr?). Small profits, but consistent so far (last2-3 days to make 8%).

Regards,

Don


Quoting texmade1
Just cracked 70k a few mins ago...
  • #3,478
  • Dec 7, 2010 9:39pm Dec 7, 2010 9:39pm
edoughig,

I agree with you - approx. $1/pip, so I've set up the EA I built that way.

BTW, I plan on implementing multiplier like I did in older EAs, so profit-locking values, etc. grow at same rate as Lots, which grows as account balance grows, but at this point I've implemented everything else including Gvc's MM, and am now testing with 0.1 Lots (1 mini lot per pair).

The cross of AbsolkuteStrength blue over red (cross but not having to wait until bar close) is when we look at TrendFnder for agreement. That's first trade (e.g. buy basket). It might close in profit or loss.

The only way Gvc opens another buy basket is if the AsbsouteStrength blue is above red, and QQEA red is also above yellow, with TrendFinder agreeing.

Regards,

Don


Quoting edoughig
From the picture Gvc posted with the trades, it's definitely 0.1 standard lots at ~$1/pip.

The thing I am wondering is, Gvc has a basket of buy trades at around 05:30, which seems to correspond with the blue arrow, but another basket of buy trades at 08:15, at bit higher up the rally. What triggered that buy? I suppose it was the TrendFinder as the absolute strength and QQEA don't seem to indicate a new buy. Any insight, Gvc?

Thanks,
Eric
  • #3,479
  • Dec 7, 2010 11:08pm Dec 7, 2010 11:08pm
Hi GVC
I am taking a ride with you. I can publish it to the whole world that GVC approach is such a simple and effective one that your broker will not know what hit him.

All we need is an effective way of getting in at the appropriate time. Maybe an alert system when a valid set up takes place. I am enjoying this.

Don, I know you are making an EA on this, how far are you on this?

Thanks to all of you helping others here.

Peter
Quoting Gvc
Today's trades.

1st - Got stopped out for a few $ profit.
2nd - Got stopped out $300+

Regards
  • #3,480
  • Edited 12:58am Dec 8, 2010 12:31am | Edited 12:58am
Quoting thor68
GVC:

Could you tell me what indicator is posting the arrows on your screenshot?
It is the PriceActionInd posted on page 228

Regards
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