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Indicators development for T101's not very simple method

  • #4,001
  • Jul 9, 2011 12:15am Jul 9, 2011 12:15am
This thread has many different indicators now and many different variations. Can someone post a link with the current indicators, templates etc? If there is not one can one of you guys who are having success with this method please make a post like which can be updated as the method progresses? Its very confusing when bits and pieces are scattered throughout the thread. Thanks.
  • #4,002
  • Jul 9, 2011 8:13am Jul 9, 2011 8:13am
Quoting A-game
This thread has many different indicators now and many different variations. Can someone post a link with the current indicators, templates etc? If there is not one can one of you guys who are having success with this method please make a post like which can be updated as the method progresses? Its very confusing when bits and pieces are scattered throughout the thread. Thanks.
.
http://www.forexfactory.com/showthre...49#post4600649
Start here read Kos post
I am currently doing it this way
  • #4,003
  • Jul 10, 2011 2:15am Jul 10, 2011 2:15am
Quoting dryclean
2 months at this up 45%
Loving it
I greet you Dryclean!

in my place 45% of 10k in 2 months is 4.5k and is very very significant. and my advice is that whatever you are doing that did that to your account please keep doing it.

I am not saying you are there yet, but one thing is sure, you will be there shortly if you consistently persist.

Let those who want to be testing keep on jumping from thread to thread testing this and testing that, looking for strategies to pick tops and bottoms, no loss, to me they don't exist except in theory. The year is half spent and before they know its far gone.

look at the profit curve in your picture, at that deep point some people would have run off to look for another strategy but you stayed and it picked up again that is the spirit.

pick a strategy up, check if it gives you a fair edge, and if it does turn it to your own and when you understand it well, cut forum time down, cut testing time down and trade.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,004
  • Jul 10, 2011 6:18am Jul 10, 2011 6:18am
Quoting Chris Capre
"Think of Michael Jordan. He was one of the greatest basketball players ever. Regardless of his athletic ability, when he went into baseball, he struggled immensely and that was after having playing experience all through high school. Today he golfs and is considered to be just below the level of a pro player. He has amazing talent at almost any athletic endeavor he sets out to do, but regardless of all this, he was only able to master basketball. He practiced the game so intensely everyone around him had to work harder just to keep up with him. He would come early and stay after practice. Why? Because he knew to be a true master at the game of basketball, he had to dig one hole 50ft deep and not 50 holes 1ft deep.
If you are not digging your 50ft hole, but relying upon several methods, systems and tactics which are likely disconnected, you will never master trading. Do you really think institutional traders are trading 5-10 systems all at once? Do you really think a sniper becomes an expert marksman by learning how to use 50 weapons or a few? All experts in any field subconsciously know to be a master at anything, you have to dig your 50ft hole."
read this quote first and then my emphasis

Why? Because he knew to be a true master at the game of basketball, he had to dig one hole 50ft deep and not 50 holes 1ft deep.

 If you are not digging your 50ft hole, but relying upon several methods, systems and tactics which are likely disconnected, you will never master trading.

Do you really think institutional traders are trading 5-10 systems all at once? Do you really think a sniper becomes an expert marksman by learning how to use 50 weapons or a few?

All experts in any field subconsciously know to be a master at anything, you have to dig your 50ft hole."

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,005
  • Jul 10, 2011 6:41pm Jul 10, 2011 6:41pm
Great story Kos, a true fact indeed.
  • #4,006
  • Jul 10, 2011 8:45pm Jul 10, 2011 8:45pm
Quoting Kosomolate
read this quote first and then my emphasis

Why? Because he knew to be a true master at the game of basketball, he had to dig one hole 50ft deep and not 50 holes 1ft deep.

 If you are not digging your 50ft hole, but relying upon several methods, systems and tactics which are likely disconnected, you will never master trading.

Do you really think institutional traders are trading 5-10 systems all at once? Do you really think a sniper becomes an expert marksman by learning how to use 50 weapons...
But i know a great trader that dig 37 holes. Here he is http://www.forexfactory.com/ronald*raygun
  • #4,007
  • Jul 10, 2011 9:23pm Jul 10, 2011 9:23pm
Quoting disbellj
Edd,

I guess you are right. That is what the Word says. Thank you for reminding me.

Also, like I confessed to swissforex (and therefore everyone here) that anyone can get better MA EA from better coders than I am. Here is such a one:
Universal MA Cross EA

if you still want the one I provided fixed, for some odd reason, I can get it to trade, but will have to use something else to gauge pullback, since that's the code that's making the MA EA...
Thanks Don. God Loves you.

Edd

I consider that the sufferings of this present time are as nothing
compared with the glory to be revealed for us.
  • #4,008
  • Jul 11, 2011 2:18am Jul 11, 2011 2:18am
Quoting leo1in88
But i know a great trader that dig 37 holes. Here he is http://www.forexfactory.com/ronald*raygun
... a great digger too

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,009
  • Jul 11, 2011 3:29am Jul 11, 2011 3:29am
Quoting Kosomolate
... a great digger too

kos
I havent stayed here for long time to know the truth.
  • #4,010
  • Edited 10:02am Jul 11, 2011 7:35am | Edited 10:02am
Opened a sell at the open yesterday
BOMBS AWAY
1100 pips locked current 1326+

UPDATE
1435 locked 1830 current
Attached Image (click to enlarge)
Click to Enlarge Name: kos.gif Size: 22 KB
  • #4,011
  • Jul 11, 2011 4:06pm Jul 11, 2011 4:06pm
Quoting dryclean
Opened a sell at the open yesterday
BOMBS AWAY
1100 pips locked current 1326+

UPDATE
1435 locked 1830 current
I greet you Dryclean!

I got out at +1060 pips, today is awesome with BTS even though it was 0.03 thats still about 300 USD. I am happy

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,012
  • Edited 8:52pm Jul 11, 2011 5:25pm | Edited 8:52pm
Bravo Kos
I am sitting at 1450 my SL is at 1430 locked looks like it is winding down was up around 1850 for awhile Hey it still might drop
very good day I picked up about a 12-13% increase .01 lot

update 2170 pips 1650 locked yeHaw!
  • #4,013
  • Jul 11, 2011 8:07pm Jul 11, 2011 8:07pm
That is an awesome result dryclean and Kos... keep it up

Definitely one of the systems I want to use when I go live.
This is a trend following system at it's most simplest form, therefore I will treat it as one and try not to get killed when the market decides to consolidate/range.
  • #4,014
  • Jul 12, 2011 3:34am Jul 12, 2011 3:34am
Quoting the-game
That is an awesome result dryclean and Kos... keep it up

Definitely one of the systems I want to use when I go live.
This is a trend following system at it's most simplest form, therefore I will treat it as one and try not to get killed when the market decides to consolidate/range.
you're welcome the-game, consolidation/ranging in 1minSTF/15min TTF does not mean anything to me, even if it decides to range for 1 month. can handle it.

what you call consolidation/ranging in 30min/1hr/4hr TFs is trending in 1min TF and while some are getting slaughtered in those big TF I am simply making short pips trades or BE in 1min-15minTTF and when the time to trend is here I am there b4 them.

today is equally good entered at the red arrow, went +700 but just got stopped out at +430 as I was typing here

kos
Attached Image (click to enlarge)
Click to Enlarge Name: hg.gif Size: 25 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #4,015
  • Jul 12, 2011 6:51am Jul 12, 2011 6:51am
Kos
Do you use differnet TP and SL for different TF's

Now I use 50 pip TP and 120 SL....
  • #4,016
  • Jul 12, 2011 7:02am Jul 12, 2011 7:02am
Kos & dryclean, I'm just curious as to how much you're down when you initially open your basket trades. When I open mine, I start out around -70 pips. Is that a general area for you guys, too? I'm looking into different forex brokers, so just wondering. Thanks and congrats to you both.
  • #4,017
  • Jul 12, 2011 9:02am Jul 12, 2011 9:02am
a spread sheet I have shows -49.3 pips
but dollar wise .01x14 pairs -11 and change
  • #4,018
  • Jul 12, 2011 10:10am Jul 12, 2011 10:10am
Really? That's much less than I'm paying. If I may ask, who do you use for your broker? I'm with FXCM. I've been having trouble with losses piling up when I open and close the basket several times during whipsaws.
  • #4,019
  • Edited 1:19pm Jul 12, 2011 10:44am | Edited 1:19pm
http://www.smarttradefx.com/

Been with them since Jan 11 they seem to be good
I was with forex4u and they had some funny things going on there with me

just place another order the vig was $6.49
  • #4,020
  • Jul 12, 2011 2:48pm Jul 12, 2011 2:48pm
Quoting Kosomolate
you're welcome the-game, consolidation/ranging in 1minSTF/15min TTF does not mean anything to me, even if it decides to range for 1 month. can handle it.

what you call consolidation/ranging in 30min/1hr/4hr TFs is trending in 1min TF and while some are getting slaughtered in those big TF I am simply making short pips trades or BE in 1min-15minTTF and when the time to trend is here I am there b4 them.

today is equally good entered at the red arrow, went +700 but just got stopped out at +430 as I was typing here

kos
What you say is the truth, I guess I forgot to mention that I don't have that much time to look at the charts and I will be using the higher timeframe setups.
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