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Brijons advanced traders multi-currency strategies

  • #501
  • Jun 30, 2011 7:56am Jun 30, 2011 7:56am
Quoting pah
Not sure about briansindex but the original dashboard only works with regular pair names (no m or fxd added). Pat1's modified version I think is for m suffix pair names. What does your broker use?

Regards, Paul.
Regular - funny thing is - now it started to WORK on MIG!

Another question: how can I get the screen black? Sort of like Brian has it? is there a template for that - or just make everything black on the properties of the chart?

I see a weird break on Brian's Index - and it now shows up on 5,15,30,1,4hour...

mDf
Attached Image(s) (click to enlarge)
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  • #502
  • Jun 30, 2011 8:17am Jun 30, 2011 8:17am
Quoting maestrodforex
Regular - funny thing is - now it started to WORK on MIG!

Another question: how can I get the screen black? Sort of like Brian has it? is there a template for that - or just make everything black on the properties of the chart?

I see a weird break on Brian's Index - and it now shows up on 5,15,30,1,4hour...

mDf
The 'weird break' would be the weekend, markets closed?
  • #503
  • Jun 30, 2011 8:52am Jun 30, 2011 8:52am
RE SETTING UP YOUR SCREEN ECT

http://www.youtube.com/watch?v=L428bU0tYHk
  • #504
  • Jun 30, 2011 9:01am Jun 30, 2011 9:01am
Quoting maestrodforex
Regular - funny thing is - now it started to WORK on MIG!

Another question: how can I get the screen black? Sort of like Brian has it? is there a template for that - or just make everything black on the properties of the chart?

I see a weird break on Brian's Index - and it now shows up on 5,15,30,1,4hour...

mDf
This should do it. Apply it and then re-add the indis.

Regards, Paul.
Attached File(s)
File Type: tpl blank.tpl   < 1 KB | 226 downloads
  • #505
  • Jun 30, 2011 9:12am Jun 30, 2011 9:12am
Quoting batemap
The 'weird break' would be the weekend, markets closed?
Could be - I don't really know the indicator - so that's why I'm asking!

mdF :0)
  • #506
  • Jun 30, 2011 4:24pm Jun 30, 2011 4:24pm
Hello to all,

I am working on utilizing Brian's Concept of running the usd and jpy as a hedge against each other across the eight main currency pairs. I am not a programmer but I am sure it would be easy to program or add to the current dash board.

What I am looking for is finding a zero point across all the eight pairs for the usd and jpy for example: if you buy the GU and sell the GJ I want to know at what point are they at zero profit. So if I buy the GU on the open of a 4hr candle and sell the GJ at the same time I want to monitor the profit and loss or the pair based on the 4hr time frame. The profit will either be positive or negative depending on capital flows. I also want to monitor the daily and weekly time frames. It may even be prudent to monitor the hourly for day trading entries.

These pairs move like an algorithm moving against each other. By adding to your stock as Brian states and managing your draw down you will always be increasing your equity. Knowing when to add to the stock would be important. We do not have the same ability in the US to hedge within the same currency. But knowing in what direction capital is flowing either to the JPY or the USD would give us much insight into when and which JPY or USD to add to our stock for sale.

I would be happy to work the a programmer that would like to help and the community to better understand the capital flows.

Thanks,

World Freedom
  • #507
  • Jun 30, 2011 5:08pm Jun 30, 2011 5:08pm
World Freedom,

Which eight main currency pairs are you talking about?

Bruce

Quoting worldfreedom
Hello to all,

I am working on utilizing Brian's Concept of running the usd and jpy as a hedge against each other across the eight main currency pairs. I am not a programmer but I am sure it would be easy to program or add to the current dash board.


World Freedom
  • #508
  • Jun 30, 2011 5:33pm Jun 30, 2011 5:33pm
Quoting brucech
World Freedom,

Which eight main currency pairs are you talking about?

Bruce
Eight currency pairs are :
GU and GJ
EU and EJ
AU and AJ
NU and NJ

Thanks
  • #509
  • Jun 30, 2011 5:47pm Jun 30, 2011 5:47pm
WF,

If you look at the BrianIndex Indicator, you will see that those exact pairs make up that indicator.

Bruce

Quoting worldfreedom
Eight currency pairs are :
GU and GJ
EU and EJ
AU and AJ
NU and NJ

Thanks
  • #510
  • Jun 30, 2011 8:51pm Jun 30, 2011 8:51pm
Quoting brucech
WF,

If you look at the BrianIndex Indicator, you will see that those exact pairs make up that indicator.

Bruce
Yes I am aware that Brian's index is tracking those pairs. What I am interested in is what is the difference in profit between the usd pair and the jpy pair. For example If I buy the GU for example and sell the GJ at the same time just like in the dash board I want to see when the pair goes from profit to loss and then back to profit I want to be able to see the difference between the profit and loss. lets say I bought the GU and I am up 10 pips but I sold the GJ at the same time and I am down -20pips the hedge would yield a -10 pips. This will tell me there is more money flowing into the JPY from the GBP or vice versa into the USD. I will know weather to buy USD or JPY. So lets say you buy the GU and sell GJ at the Asian open as I am sure you see the pairs move usually up and down 30 to 50 pips often. During the Asian market I am sure the trade will go into profit and out of profit probably several times. I will close the hedge in profit and then re-enter the hedge when they meet back at zero. Or maybe if they are at extremes I will reverse the hedge and take the profit on the reversal. There is a maximum distance the two will trade before meeting back at a profit. I am doing it manually now with great success. I just want to be able to track all the currency pairs in this manner. This will let you know which hedge pairs to add to your master hedge to continue to make consecutive pips day in and day out. I want to be able to exploit the algorithmic move of the USD crosses against the JPY crosses. I hope this helps explain what I am seeking.

Thanks,

World Freedom
  • #511
  • Jun 30, 2011 8:53pm Jun 30, 2011 8:53pm
Quoting worldfreedom
Yes I am aware that Brian's index is tracking those pairs. What I am interested in is what is the difference in profit between the usd pair and the jpy pair. For example If I buy the GU for example and sell the GJ at the same time just like in the dash board I want to see when the pair goes from profit to loss and then back to profit I want to be able to see the difference between the profit and loss. lets say I bought the GU and I am up 10 pips but I sold the GJ at the same time and I am down -20pips the hedge would yield a -10 pips. So lets say...
Just for more information - as you mention you are doing this manually - with success - can you explain what you are doing? Perhaps we can copy what you are doing in a demo and get some more answers to your own question...

:0)
  • #512
  • Jun 30, 2011 10:26pm Jun 30, 2011 10:26pm
Quoting worldfreedom
Yes I am aware that Brian's index is tracking those pairs. What I am interested in is what is the difference in profit between the usd pair and the jpy pair. For example If I buy the GU for example and sell the GJ at the same time just like in the dash board I want to see when the pair goes from profit to loss and then back to profit I want to be able to see the difference between the profit and loss. lets say I bought the GU and I am up 10 pips but I sold the GJ at the same time and I am down -20pips the hedge would yield a -10 pips. This will...
Hi,

Thanks for sharing a good idea!

The basket of 8 is something I'd planned to put into the dashboard but time has not permitted me to get this done yet. I thought it would be useful and, as you say, you are trading the difference profitably. I've experimented with the 8 basket myself in various ways recently.

Some other groups are/have been added by Trade4Fun so when this other work is complete I think we'll look at putting in the 8 pair group.

I can see we will need options to choose which groups to display since, with so many, I think it's going to need a big screen!

Regards, Paul.
  • #513
  • Edited 11:55pm Jun 30, 2011 11:40pm | Edited 11:55pm
the idea of the usd group and the jpy group is being implemented into the 2 groups of 3

so the usd group is already in the dashboard eg eurusd and gbpusd and the anchore eurgbp

the group for jpy is being included as usdjpy eurjpy and gbpjyp by trade4fun now

three 3 replacing eurgbp with usdjpy

but as you mentioned the major 8 is not directly being included as such
so maybe the aud group could be a seperate addition

as 6 are already being sorted the control of the usd and jpy profit will be seen on the dashboard as seperate zeros

later to fine tune this we can see the distances away from zero as indicaters as per lines visual as test on the three 3 THE LINE INDICATOR

if that eg was replaced with usdjpy

and the seconfd group was incorperated

you would visual see o and hh ll from zero OF USD AND JPY GROUPS OF 3

the alarms would sound on both usd groups as now and true jpy groups

the true hedge of usd groups movement is covered to a degree

only the jpy and the aussie dollarAND NZD need doing

as the australian dollar and nzd are somwwhat tied like the usd and canadian they do need a different hege to be precise

as usually nzd is on the extremes of boundarys of the major 8

the theory of zero as a basket movement of currencys was based on the three eur usd gbp groups and the same jpy groups

but your observation re the major 8 is relevent as visual you can see on brians index the effect of zero

we want to avoid if we can the dash board blowing out to too large so a sujestion

is im not so sure the curent hedges of amigos is a correct hedge of chf group it is 101s but it never is for me atrue hedge

so the chf group if it was done correct would need the corect anchores to tie in with the usd and jpy

then we admediatly exopand the dash board

if we do this maybe the major 8 and the chf will need to be where the swap intersr is and a seperate indicater for that

paul is right the dashboard screen will need to be so large

so we need ideas how to keep the dashboard visable and contain the info you want to

ideas and sujestions are needed i agree with world freedom and
paul as you can see the excell spread sheet is hugh an mt4 screen
data included has to be carefull thought out

i personal like world freedoms sujestion maybe a seperate interset indicater and we use this area for the major 8 and chf corect hedge groups ect

just an idea but im open to all sujestions ideas ect whatifs

great input world freedom

IM STILL HOPING THE EMA 5-9CAN BE ADDED TOO
ALSO REMEMBER THAT THE USD AND JPY GROUPS TRAVELL TOGETHER IN UNISON
SO LOSS PROFIT LOSS BETWEEN THE INDIVIDUALS GAPS IS ALWAYS DIFERENT

SO THE THREE OF EACH USD JPY WIL PULL THE OTHERS AS WELL
INDIVIDUAL ZEROS ARE SEEN ON THE 14 AND THE EMA WILL HELP



God bless from BRIAN
  • #514
  • Jul 1, 2011 3:08am Jul 1, 2011 3:08am
HERE IS MY IDEA
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  • #515
  • Jul 1, 2011 4:23am Jul 1, 2011 4:23am
This is just a sujestion excell ideas for incorperating into mt4
not for general use for paul and forex4 fun to look at only
Attached Image (click to enlarge)
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Attached File(s)
File Type: xls Brian_New WITH ADDITIONS.xls   2.8 MB | 366 downloads
  • #516
  • Jul 1, 2011 4:36am Jul 1, 2011 4:36am
i just did a sell on the EURGBP just before the GBP news came out. thought it would be a good idea.

well not so . in moments went down -90 pips.

although EURGBP is already going steadily up for last 2 weeks.
i checked at three 1. was down. chart was below bosun weekly support line.

also i have not been very active this week. sorry for that. but i am trying to learn more programming.

because how i programmed with objects. i cant add more objects into the Ea/indi i had created. got an overlfow error. so i need to learn like Paul created that wonderfull dashboard.

so i am doing that and also trying to build an EA to get a better understanding of trades as well.

World of freedom has an excellent idea, Brijon as usual too and i have some more too. but at the moment i am simply not able to execute those because i am not good enough programming wise.

me and my brother already made a start by figuring out the sma calculations that brijon like to adopt in the hedgeboard as well.

although i have no idea if i am able to add those in the dashboard, i will try my best.

best wishes

Trade4fun
  • #517
  • Jul 1, 2011 4:54am Jul 1, 2011 4:54am
i think after checking my excell data above sujestion one could use this as a dashboard till the data is transfered and running on mt4
if one variifys my inoputs were corect as i have not re checked them this was just for basic ideas and spread sheet is for whatifs

one must always refer to charts before using dashboards and excell for orders in my opion




http://www.youtube.com/watch?v=8f4SOcYYxho
  • #518
  • Jul 1, 2011 5:15am Jul 1, 2011 5:15am
forex4fun you made a great start to taking the excell and giving us a mt4 dashboard so in that you are the greatest the major impressive factor was you and your brother should be applauded for starting paul and others thinking , my gratest admiration goes to both of you and PAUL

BUT IN THE MEANTIME YOUR BASIC BEGINNING WILL LEAD ONE DAY TO OUR EXCELL WHATIFS BEING ON MT4 BY PROGRAMERS THAT HAVE THE STRENGTH OF CHARACTER TO SHARE WITH OTHERS THEIR GREAT GIFTS

IM SURE IF YOU AND YOUR BROTHER TAKE YOUR WHATIFS AND PUT AN ALARM ON ZERO ON THE EXCELL WE HAVE A DASHBOARD AFTER DOUBLE CHECKING FOR MY IMPUT ERRORS AN EXCELLENT AID FOR ANY TRADER WHATEVER SYSTEM OF TRADING HE USES



there is no right or wrong way to trade


MY ADMIRATION GOES OUT TO ALL THAT SHARE WITH EACH OTHER
IDEAS AND POSITIVE THOUGHTS AND ACTION

YOU GUYS ARE MY SECRET HEROS

BY GIVING AND LEARNING FROM OTHERS

WE GAIN 1000X MORE THAN WE GAVE

words are not enough to express my gratitude to you for your effort

but clap you and say thank you

GOD BLESS YOU FROM Brian
  • #519
  • Edited 8:16am Jul 1, 2011 8:05am | Edited 8:16am
This is in response to WorldFreedom for observing the interaction between to pairs.

1. Place the indi in a Minute chart any symbol.
2. Select Options
TF1 =240;
sym1buy=true; if false, will show sell values
sym2buy=true; if false, will show sell values
showsum=true; if false, will show difference
Symbol1 ="GBPJPYm"; (Blue) - for standard account "GBPJPY"
Symbol2 ="GBPUSDm";(Red) - for standard account "GBPUSD"

The example above we are buying GBPJPY, Buying GBPUSD, every 240 or 4 hours and showing the sum of the pnl . The White line is the sum or diff.

In my case all values are dollar values.

Share your analysis and conclusion on FF.

Cheers,

Pat
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 FreeWorld.ex4   5 KB | 298 downloads
  • #520
  • Jul 1, 2011 8:23am Jul 1, 2011 8:23am
core slot positions into dash in signals area

to use open world of brian broker only first run script open up excell
update once

then set auto run

then every hour as required run script

here is screen snap shot and excell chech for errors
Attached Image (click to enlarge)
Click to Enlarge Name: added in core slot position.png Size: 252 KB
Attached File(s)
File Type: xls brians advanced multi.xls   2.8 MB | 326 downloads
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