Indicators development for T101's not very simple method

Hi again!

Now with the same process, create the STF and TTF as before for 15min as STF and 1HR as TTF i.e. 15-1HR and save it as a profile named
"BTS 15m -1HR"

through same way you did the first profile.

Do the same for 1HR as STF and 4HR as TTF and save the charts as
"BTS 1HR - 4HR"

kos

Hi all!

Now we have 3 profiles namely:

1. "BTS 5 - 15min" for 5 min chart trades
2. "BTS 15 - 1HR" for 15 min chart trades
3. "BTS 1HR - 4HR" for 1hr chart trades

the importance of this is that if you want to trade on 5min you just change easily to BTS 5-15min profile by clicking on profile name the charts for 5min would be loaded for you straight, if you want to trade on 15min charts the same thing and if you want do it on 1HR charts its that simple, 2 clicks away.

all indicators applied correctly

kos

my best TF is the 15min-1HR. If any one has succeeded in setting it up can you just do visual back-testing (eyeballing) from the beginning of this year January 2011 till end of April and say what you see? I know its not enough to judge in forex, but with this bunch of currencies the odd is very reduced and with this what-you-see-is-what-you-trade way we have some hold on it.

unless the priceHistory indie is no longer synchronizing the 14 pairs together well again, but if their combined move is captured well by this indie then we have a hold on basket.

the Heiken Ashi Smoothed_mtf indie is not a repainter, it would only flicker red, blue, red on the first bar of the TTF and that is typical of all MTF indies but once the bar on TTF is closed that is settled.

see u l8ta...

kos

Thank you Kos,

Really interesting, waiting for more, thank you.

Kos all set ready to go
1 question do we change TimeFrame number in the Heiken_Ashi_SmoothedLHm_mtf
the next level up or keep it at the same for for STF and TFF all Timeframes

helo Sir are u have the password open this file ?http://www.4shared.com/file/p_Mz5ZR3...ter_V5_EA.html

For those getting zero divide errors using t101_indy_pricehistory_v3-dnk_donfix14 indicator to make offline chart, please see posts from Dec. 8, 2010 between myself and hopfi2k, and use t101_indy_pricehistory_v3-dnk_donfix14_hopfi2k_zero_div_fix.mq4 provided by hopfi2k which builds upon the fix I provided and provides a fix for Mt4 problem discussed in posts from that date:
http://www.forexfactory.com/showpost...postcount=3489
http://www.forexfactory.com/showpost...postcount=3496

IMPORTANT NOTE:
Because one of my brokers (FXDD) does not have one pair of the universal/ibfx pairs (NZDJPY), but does have all original pairs, I again changed the indicator to make an offline chart using the original pairs from post#1 of Simple Trading Method with trader101 thread, and have attached that indicator for others to use who are also in my predicament. The name of the offline pair made is "NonIBFXT101". There are also attachments showing two accounts, one IFX, one non-IBFX, with the two templates kos provided applied. The template applied to left side is for those that would rather longer-term trade H1 (using H4 as trend), where template applied to right side is for those that would rather scalp M5 (using M15 as trend). Thank you Kos!

ANOTHER IMPORTANT NOTE:
Today is Mother's Day. If you still have your mother in your life, and if you will, please honor her and take time out to tell your mother thank you and that you love her.

I once had a wise man tell me that in my teenage years. If it wasn't for him, my mother and I wouldn't have the good relationship we have today. In all honesty, if it wasn't for him, we probably wouldn't have a relationship at all. Thank you Mr. Goforth for irritating me by constantly asking me "Did you tell your mother you love her today? One day she will be gone and you will wish you had this day back" for months on end to me as an obstinate teenager. May God bless you continually for taking that time with me as a stubborn young man.

Kind regards to all.

Don

Yes, if you are using 15min as your STF the the Heiken Ashi smoothedLHm_mtf Timeframe value would be 60, But the 1HR chart must be open and the t101_indy_pricehistory_v3-dnk_donfix14 indi must be running in it. It is not the same.

kos

No Sir

kos

Hello Don!

you are very welcome, thanks for the contribution of the t101_indy_pricehistory_v3-dnk_donfix14_hopfi2k_zero_div_fix.m q4 for those who use NON IBFX pairs who may be getting zero divide error. You are always very ready to share. Thank you very much.

I know this will be easy to robotize, but let us do it manually for some time until we get used to the corners, every system have them.

please stay with us

kos

Hi Kos,

Please correct me if I'm wrong but since we are using an MTF HAS, for example M15/H1 (we have H1 HAS in M15 chart) when an H1 bar closes, MTF HAS could change its colour in 4 blocks back in M15 charts, so it is not possible to make an accurate visual backtest with an MTF indicator, isn't it? We can just make a forward test, right?

I think Basket Trading has a great potential, I just want to make sure I understand your system correctly.

Thank you

Yes caillou you are correct and that is a good observation, I just assumed its clear to everyone

Do either of the following:
1.
if I am using the 15min chart as STF, and 1HR as TTF. I know that there are FOUR 15min bars in ONE 1HR bar. Therefore when the HAS starts printing for e.g. RED I get an alert and now I know trend is getting ready to change so I wait for HAS to print the first 4 red bars on the STF before I make my entry. Because It means that by then on the TTF chart the HAS is truly settled. This is aggressive

2.
I use the HAS bars as a retracement channel, this is derived from another system that uses SMA 30, 50, and 100 and whenever price comes back 30 and not more than 50 good time to go. The HAS happens to print exactly on the 30,50 SMA. So what I am saying is this if by the time the 4 bars close price has gone too far I wait for its retracement back to HAS and I make entryin that direction. This is conservative


kos

The difference between the two is:

#1. is aggressive and sometimes you may be lucky and price would not even look back again, fine but sometimes it will come back to take support from the HAS channel, then you have caught a falling knife and you have to endure the drawdown and if your SL is tight it gets taken out i.e. your SL should be able to accommodate the retracement.

#2. is conservative and when price take off without looking back then you will have to wait till it comes back to retest HAS, else you catch a falling knife. This conservative way of taking position ensures that your risk is very minimal and loss not big.

I will show this two modes of entry in pictures later so that it would be clearer


kos

Thank you Kos,

I agree, safer to wait for a pullback and then enter. Waiting for more.....

Got in at red verticle line little ( alot) late
2 blue HA on 5min none on 15 yet will wait it out

Hi Kos,

Thanks for spending your time sharing your way of basket trading. It seems there have been a lot of refinement since the original method. This is much simpler to apply, no more IA or spreadsheets anymore.

In your opinion, what are the main advantages of trading a basket of currencies, instead of just finding one good trending pair to trade?

Thanks again and I look forward to your reply.
Stimuls

Closed basket at blue line and reopened a buy basket

Late on the close too only made a couple bucks it was up 20+

Learning mode.....

Kind of scalpping here......
Interested to see how long trends go...

Buy Basket Closed
Open Sell basket
2 positive baskets today

Up 3.47% in a day
Basicly buy on change to blue sell on red then open a sell
then open a buy
rinse and repeat

weldone dryclean,

but from your 15mins chart it seems you are applying HAS 15min to 15min chart, What you should do is enter 60 as the value for Timeframe on the input box for HAS.

like today I only finish a SELL basket that started from yesterday and take BUY for today which is +530 pips now and I may close it any time from now.

If you apply 15 to 15 you still will be ok but you get a lot of whipshaw which if you had done HAS 60 to 15 min chart would have been smoother

kos