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Indicators development for T101's not very simple method

  • #3,781
  • May 10, 2011 11:54am May 10, 2011 11:54am
I have applied the EasyBTS1HR template to both the 1hr and 4hr offline chart of the basket, is that correct?

My STF/TTF is 1HR/4HR. Seems like it's time to go long on the basket according to your method Kos.
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  • #3,782
  • May 10, 2011 12:09pm May 10, 2011 12:09pm
Quoting Kosomolate
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
Just checking but I need to open a GJ 1 HR TF with the oFFline inde other wise the MT4 will lock up
am I correct?
  • #3,783
  • May 10, 2011 1:49pm May 10, 2011 1:49pm
Quoting dryclean
Just checking but I need to open a GJ 1 HR TF with the oFFline inde other wise the MT4 will lock up
am I correct?
yes, you are correct

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,784
  • May 10, 2011 2:34pm May 10, 2011 2:34pm
this is it dryclean on 15mins its about +870 pips as I type now

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #3,785
  • May 10, 2011 2:40pm May 10, 2011 2:40pm
Quoting idash
I have applied the EasyBTS1HR template to both the 1hr and 4hr offline chart of the basket, is that correct?

My STF/TTF is 1HR/4HR. Seems like it's time to go long on the basket according to your method Kos.
Idash,
I wait for the first 4 blue bars to close, that is when I am sure the trend is going that way and that the TTF is in charge.

So WAIT for the first 4 HAS blue bars on 1hr chart to complete since we have 4 1hr bars in 1 4hr. Once this happens enter your buy, who knows it may go for 3 days or even more.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,786
  • May 10, 2011 2:53pm May 10, 2011 2:53pm
Quoting Kosomolate
this is it dryclean on 15mins its about +870 pips as I type now

kos
But you said you enter long when 4 blue bars paint on the M15 chart - in this case, when the H1 HA candle closed blue.

So, why did you enter early? If you had entered according to your guidelines, you would have experienced roughly 500 pips DD before turning positive.
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  • #3,787
  • May 10, 2011 2:56pm May 10, 2011 2:56pm
Hello Scalpers!

this would interest those whole love fast moving charts, I scalped the basket today. on 1min as STF and 5min for TTF.

13 BTS trades on demo!

9 winners
4 loosers

only one of the winners cancel all the loosers all together. the pictures are so many I cant post them and the pips count is unbelievable!

Apply 1min STF and 5min TTF and see for your self.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,788
  • May 10, 2011 3:07pm May 10, 2011 3:07pm
How do you decide to take your TP and cut your losses on the 1m scalps? Is it based off the HAS?


Quoting Kosomolate
Hello Scalpers!

this would interest those whole love fast moving charts, I scalped the basket today. on 1min as STF and 5min for TTF.

13 BTS trades on demo!

9 winners
4 loosers

only one of the winners cancel all the loosers all together. the pictures are so many I cant post them and the pips count is unbelievable!

Apply 1min STF and 5min TTF and see for your self.

kos
  • #3,789
  • May 10, 2011 3:17pm May 10, 2011 3:17pm
Quoting Kosomolate
this is it dryclean on 15mins its about +870 pips as I type now

kos
Thanks Kos
I got it
Man that is impressive
  • #3,790
  • May 10, 2011 3:27pm May 10, 2011 3:27pm
Hi Kos,

Just one question: if we enter when HAS colour changes in TTF (4 bars STF= 1 bar TTF), why do we need STF charts? For exits? If yes, how do we do that?

Thank you
  • #3,791
  • May 10, 2011 4:58pm May 10, 2011 4:58pm
Here I started a basket 5-9 it is up +570 pips I set MPTM to a stop loss of 150 pips.

Not sure how to handle it Would you set it higher than 150 or cash out now
Or
What TF should I look for the color change 15 TF?
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  • #3,792
  • Edited May 11, 2011 8:52am May 10, 2011 7:27pm | Edited May 11, 2011 8:52am
Guys,

Exciting. First I have the profile BTS 15 Min - 1 Hr in my chart. The GBPJPY/15/H1 Chart and the corresponding T101 Offline Indicator has been applied.

So far the overall basket trend is long as shown by the T101 indicator. To initiate a trade, I pulled up a pair among the 14 pairs (or use the script), for individual trade and apply the HAS to the pair. TF is 60 applied to M15. For a buy trade the color is blue and sell it is red. If the color is transitioning from red to blue, the pair, wait for the blue HAS to complete the 4 bars before pulling the trigger. From here I may proceed to trade the other pairs. I will experiment using the script buy/sell all next.

Kind regards and God Bless,

Edd
  • #3,793
  • May 10, 2011 9:50pm May 10, 2011 9:50pm
Quoting Caillou
Hi Kos,

Just one question: if we enter when HAS colour changes in TTF (4 bars STF= 1 bar TTF), why do we need STF charts? For exits? If yes, how do we do that?

Thank you
I am also wondering this... Kos?
  • #3,794
  • May 10, 2011 11:04pm May 10, 2011 11:04pm
Perhaps we should standardize the entry/exit system before everyone becomes excited about the new way of trading the basket.



Quoting zznbrm
But you said you enter long when 4 blue bars paint on the M15 chart - in this case, when the H1 HA candle closed blue.

So, why did you enter early? If you had entered according to your guidelines, you would have experienced roughly 500 pips DD before turning positive.
  • #3,795
  • May 10, 2011 11:34pm May 10, 2011 11:34pm
I did a manual backtest and noticed two filters that would help in entering a basket.

1. When the HAS changes colour, it's a signal for a trend change. However, sometimes the HAS colour change produces candles that are very insignificant in height (less than a millimeter). Look at images 1, 2 below. Many times, the basket will whipsaw if you have these small HAS candles. One way to filter these trades is of course to wait until bigger/taller HAS candles have developed, and then take your trades.

2. When HAS candles change colour (indicating a possible trend reversal), there will be bearish/bullish candles of the basket. What I'd like to look for is when a basket candlestick is in the same direction as a HAS candle. Example: HAS candle has already changed from red to blue (trend may be changing from short to long). However, the basket candle is still a bearish candlestick. I will wait until a bullish candlestick to close to take the basket trade. Look at below.
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  • #3,796
  • Edited 4:43pm May 11, 2011 12:53pm | Edited 4:43pm
Kos,

Thank you!

Whether using your method H1-M15 combo on basket, or even using that indicator with H1-M15 combo on a single pair, or even that indicator with single pair M15 or above, without using the multi-TF attack, the indicator rocks. Thanks for sharing! May God bless you and yours GREATLY!

BTW, I get in as soon as change happens and see no problem with profitability so far. I told you it was bar 1 that I was using (first closed bar), but actually I'm using bar 0 (the current bar), and it's not changing as far as code goes and the H1/M15 TF on T101 chart using personal EA. Maybe it does visually, I don't know.

Note: If you use iCustom to get signal, you get it before you even see change in color on chart.

Note2: As you said, when the trend comes, it pays for the losses anyways. On basket or single pair, it doesn't matter.

Kind regards,

Don
  • #3,797
  • May 12, 2011 5:23am May 12, 2011 5:23am
Quoting Kosomolate
there is nothing newly discovered, there is no magic of any kind only a simple way of trading the group of currencies as if am trading only

one pair. only some flavour to make it clearer.

New to BTS: be afraid, be very afraid! cos one wrong dragging of script buy or sell and your account is gone! I will advice you learn from the
distance, start from the back, to understand how we got to where we are now on this thread, a lot has happened, coders come and gone,
traders spent hours trying to get a handle on this and a lot of them...

I have study this method more than a year and gave up eventually due to inconsistencies of the trade result. Now you bring us hope again and will try your method again. I still at times hop to this thread to see any new development and now i found it.
Thanks.
  • #3,798
  • May 12, 2011 5:46am May 12, 2011 5:46am
Quoting Kosomolate
there is nothing newly discovered, there is no magic of any kind only a simple way of trading the group of currencies as if am trading only one pair. only some flavour to make it clearer.

kos

Kos,

Thanks for the simple way of trading the basket with some flavor!

Bruce
  • #3,799
  • May 12, 2011 6:16am May 12, 2011 6:16am
Quoting disbellj
Kos,

Thank you!

Whether using your method H1-M15 combo on basket, or even using that indicator with H1-M15 combo on a single pair, or even that indicator with single pair M15 or above, without using the multi-TF attack, the indicator rocks. Thanks for sharing! May God bless you and yours GREATLY!

BTW, I get in as soon as change happens and see no problem with profitability so far. I told you it was bar 1 that I was using (first closed bar), but actually I'm using bar...
Don,

Very valuable input. Thanks for sharing.

Edd
________
I saw a new heaven and a new earth, behold old things passed away behold all things are new. (rev. 21)
  • #3,800
  • May 12, 2011 10:59am May 12, 2011 10:59am
Here is the trade I did last night. Exited before the slew of US fundamentals
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