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Indicators development for T101's not very simple method

  • #4,041
  • Edited 2:42pm Jul 15, 2011 10:21am | Edited 2:42pm
Edd,

Thank you sir. I am having a great "birthday week" (how we celebrate it around here).

I agree with all you've said.

You have been a great blessing to me (and my wife appreciates you too). May God continue to bless you and yours.

Edit: I've made 14%/$70/91 pips today on one broker manually, and that's making mistakes, using an indicator I uploaded here, that needs work, not even risking 2% per trade! I need to up my Lots to 2.4 it says on chart, but I've ONLY been trading 1 to 1.5 lots ($1 to $1.50/pip), with a maybe 5 pip stoploss, and not even taking the trades I'm pointing out in picture below LOL. THE LORD IS AWESOME! Happy birthday to me LOL!

In the picture below, on EURUSD M1 chart, the solid blue buy lines (buffer 1) rests on a previous resistance line drawn by previous trend. Is this forecasting price? I can't say price will stop at trendline or not (did here 5 times in this trend alone), but I know important area to look for in next trend. Nah, we can't know what price is gonna do, but we sure can have fun finding out LOL.

Lord, we thank You for the boatload of pips we receive daily. In Jesus' Name!

Kind regards all,

Don


Quoting Edd Ganuelas
Don,

Happy Birthday. May the good Lord purify your hearts and undertakings. May you be His Arms and Feet to reach out to others in need. And above all, may you be Holy detach from the concerns of this life trusting God to supply us with what our body needs.

God Bless you.

Edd
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  • #4,042
  • Edited 2:48pm Jul 15, 2011 2:38pm | Edited 2:48pm
Quoting swissforex
Hello DC

in my experience there is a correlation between Basket and "Risk appetite" sentiment, 80-90% of the times

but things are getting more difficult with Eurozone crisis and USD weakening at the same time

hope it helps
Swissforex,

When you say "Risk appetite" investors are fleeing away from USD to what pairs? What are those pairs affected?

Regards and thank for your reply.

Edd
  • #4,043
  • Jul 15, 2011 5:47pm Jul 15, 2011 5:47pm
Quoting Edd Ganuelas
Swissforex,

When you say "Risk appetite" investors are fleeing away from USD to what pairs? What are those pairs affected?

Regards and thank for your reply.

Edd
Hi Edd

Risk appetite=traders buying Stocks and EUR
Risk aversion=traders sell Stocks and buy GOLD,SILVER,CHF and JPY

about USD,it was a safe heaven currency some years ago.That times are over

about EUR,recent Eurozone market turmoils mixed up the previous rule

sorry about it,but like I said before,no one really knows what the price is going to do
But applying fundamentals analysis+some good indicators you can increase your hit ratio
BTW,this is a very strange period,read this quick note from Henry Liu

This week could only be described as confused. With the risk aversion momentum carried over from last week on sovereign debt concerns in Greece, Portugal, Spain, and even Italy, market sold off the EUR during early week. Then in a twist of events, first with the FOMC Minutes showing extensive discussions on further Quantitative measures, followed by the Fed Chairman Bernanke’s testimony openig the door for QE3, market immediately turned around and sold off the USD.

hope it helps..
Account deleted
  • #4,044
  • Jul 16, 2011 6:37am Jul 16, 2011 6:37am
Is this the last version?
Update
01/05/2010
  • #4,045
  • Jul 16, 2011 11:16am Jul 16, 2011 11:16am
Quoting disbellj
You have been a great blessing to me (and my wife appreciates you too).
This was meant to ES Trader. Sorry Edd. I got confused.

Kind regards all,

Don
  • #4,046
  • Edited 2:29pm Jul 16, 2011 1:20pm | Edited 2:29pm
Quoting bomberone1
Is this the last version?
Update
01/05/2010
No! see Kos a couple of pages back

Yep,

Kos' version is the latest and best at this time.

I shied away for a while, but honestly speaking it makes more pips than my system.


My system is consistently profitable, but to be honest Kos pips mine by 40%.

EDIT: Sorry Don for a belated Happy Birthday.I wish you prosper in all that you strive for.

Regards
  • #4,047
  • Jul 16, 2011 1:59pm Jul 16, 2011 1:59pm
Quoting swissforex
Hi Edd

Risk appetite=traders buying Stocks and EUR
Risk aversion=traders sell Stocks and buy GOLD,SILVER,CHF and JPY
hope it helps..
Gents,

I am afraid that we are in for a rough ride in the foreseeable future.

The USD & EUR are bankrupt.

What we are seeing now is a collusion between the respective governments to keep them afloat.This could be a Beer indulged rambling of a trader, but in the 5 odd years that I have been trading, the last time I saw the markets like this was before the crash. Fundamentals will no longer play a major roll in our trading. Just my Boozy thoughts.

Caution is advised.

Regards
  • #4,048
  • Jul 16, 2011 2:08pm Jul 16, 2011 2:08pm
@ Don
Don pleeeaaase forgive me, I never knew it was your birthday it is better late than never

Happy Birthday
Don!

wish you many happy and healthy years more

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,049
  • Jul 16, 2011 2:24pm Jul 16, 2011 2:24pm
Hey Kos,

How was the weeks trading?

I made 250 odd pips, where I once was +700 up.

Regards
  • #4,050
  • Jul 16, 2011 2:56pm Jul 16, 2011 2:56pm
ended my week up 849 pips but was up at +2088 on Tue.
all in all up over 56% since may 2011
my IRA account since then is down 9.35%

GVC I too am truely concerned about the future. These are uncharted waters and the Govt seems to be so at odds with each other. 5-10 years from now the world will not be the same. Better or worse God only knows.

I am glad I started buying an oz of silver every week years and years ago but stopped a few times. I hope to take my FX profits and buy more.
  • #4,051
  • Jul 16, 2011 4:38pm Jul 16, 2011 4:38pm
We should update the first post, where is it written what is the last version.
My best.
  • #4,052
  • Edited 5:36pm Jul 16, 2011 5:23pm | Edited 5:36pm
Quoting disbellj
This was meant to ES Trader. Sorry Edd. I got confused.

Kind regards all,

Don
Don,

The Blessings is mine, I'll keep it. Remember the Blessings of Isaac to his sons - Jacob instead of Isau? lol.

God Bless yoy anyway.

Edd
  • #4,053
  • Jul 17, 2011 12:57am Jul 17, 2011 12:57am
@GVC

the system is simply good, and the week was also OK

@Don

its not true that I didnt feed you back on the EA you wrote for me, I did thru your mail that it was opening and closing orders incessantly, and reporting trend incorrectly. when I didnt see your response I thought you were busy, or you have lost interest.

see the picture below of the EA behaviour, HAS blue but it says SELL and was selling and closing almost every tick

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #4,054
  • Jul 17, 2011 7:47am Jul 17, 2011 7:47am
Quoting disbellj
This was meant to ES Trader. Sorry Edd. I got confused.

Kind regards all,

Don
You are welcome Don. Hope you continue to feel better.
  • #4,055
  • Edited 12:11pm Jul 17, 2011 11:58am | Edited 12:11pm
Kos,

My bad man. You ever hear: "I have seen the enemy, and it is me"?

That is how I feel sometimes. Because of me, I take on too much at one time, with multiple people individually, then burn out too quickly, usually leaving everything, or most things, undone. I can't continue that cycle, and won't.

Please try the latest EA labeled with date 28th, and give me feedback here. You can use it as 3 TTF and one STF (15/60,5/60,1/15), or make it all three TTF to be 15 and STF to be 1 to only use 1 and 15 TFs. Please let me know what, if any, glitches exist in that EA, and I will try to fix them if I can.

Kind regards,

Don


Quoting Kosomolate
@GVC

the system is simply good, and the week was also OK

@Don

its not true that I didnt feed you back on the EA you wrote for me, I did thru your mail that it was opening and closing orders incessantly, and reporting trend incorrectly. when I didnt see your response I thought you were busy, or you have lost interest.

see the picture below of the EA behaviour, HAS blue but it says SELL and was selling and closing almost every tick

kos
  • #4,056
  • Jul 17, 2011 12:22pm Jul 17, 2011 12:22pm
To everyone that has wished be a Happy birthday, it was simply awesome. the family my little angry perfectionist self gave up on when I was 7, thirty years later are the family I wanted back then. Let's say the Lord has saved us all and made us all much different people than we were years ago. He saves to the uttermost. And we're talking about people (including myself) that are far from saints in the physical sense. And these are the people my little prideful self gave up on. THANK YOU JESUS for not giving up on them! I was SO wrong. That sin of pride was my blindness, even at such a young age. I now stand with Paul and say that I am the worst sinner, and if God can save me, he can save anybody. He has done so many times through the years and around the world with countless souls (only He knows how many people).

Edd,

Wasn't taking back the blessing, just that ES Trader had some knowledge he dropped on me that enhanced my life, and therefore my wife appreciates him for that. I still appreciate you.

Kind regards,

Don


Quoting Edd Ganuelas
Don,

The Blessings is mine, I'll keep it. Remember the Blessings of Isaac to his sons - Jacob instead of Isau? lol.

God Bless yoy anyway.

Edd
  • #4,057
  • Edited Jul 18, 2011 9:34am Jul 17, 2011 12:39pm | Edited Jul 18, 2011 9:34am
I was wrong, trendlines from previous downtrend were tested and passed the test 6 times, not 5.

The one I missed: The beginning of uptrend was a test of previous trend's two resistance trendlines (now used as support, see the bottom yellow 3? those red lines were drawn earlier. in fact, every red line was drawn earlier than price tested it where I've circled).

If you do this on multiple timeframes, price forecasting is possible. Think about it. You entered the mathematical matrix LOL (and to think I found this, coded it to prove it, lost it in 2009 after making it, because I was too busy coding unprofitable systems for myself and others like a hamster on wheel - running and getting nowhere - for free, and have now found and shared it freely. Oh yeah, did I mention this IS trading, put into a dummy indicator, and so IS a leading indicator because it's based on nothing but price (and indicator does still have problems that need fixed although some have been fixed, just like the person who made it . It gets me in before HAS.

<sarc>Dang worthless code LOL Dang worthless coder (in some people's eyes I'm sure) </sarc> Remember this: God don't make no junk Even with my mental problems, I've been listed in Who's Who when in school, been in multiple honors groups but didn't attend meetings. Honor roll, Principal's list, Dean's list, graduated 3rd in my class, spent my years since graduating college perfecting my electronic prepress craft both nationally and internationally to move all printing to international standards, as well as on forums to help others in my business of printing (I didn't run the businesses, so them going out of business doesn't mean I didn't do my part to near perfection), and spent the last 3.5 years doing the same for this career. But I count it all as dung compared to knowing Him. How did I know the Lord could use me? He has before. In spite of me at times. The Lord has used me ("the happiest tool in His Hand") to not only help me, but Lord willing help others. I care nothing about anyone's pedigree, notoriety for myself, and care nothing about how my achievements sound. God doesn't honor this stuff other than how He uses it. Why should I be a respecter of persons (including myself)? Jesus wasn't and isn't. He gave and gives to all freely. He makes it rain on the just and the unjust.

In regards to use of Semafors. I only use Semafor 3 for beginning of trend. I could just use code to lookback 34 bars for highest and lowest price (bid), and not use Semafors. The trendlines are drawn by simple if statements. I again give all glory to God and thanks to Him. May others make pips with this too.

Sometimes I may go against what the indicator says, if the indicator does not agree with the hourly direction. Like TRO always said, go against the hourly candle at your own peril.

Kind regards,

Don


Quoting disbellj
In the picture below, on EURUSD M1 chart, the solid blue buy lines (buffer 1) rests on a previous resistance line drawn by previous trend. Is this forecasting price? I can't say price will stop at trendline or not (did here 5 times in this trend alone), but I know important area to look for in next trend. Nah, we can't know what price is gonna do, but we sure can have fun finding out LOL.

Lord, we thank You for the boatload of pips we receive daily. In Jesus' Name!

Kind regards all,

Don
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-07-15 at 2.21.50 PM.png Size: 53 KB
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File Type: mq4 DonsTrendAndTradeLines_071511.mq4   14 KB | 593 downloads
  • #4,058
  • Jul 17, 2011 6:51pm Jul 17, 2011 6:51pm
Quoting dryclean
Just thinking
Has any one tried this method with limit or stop orders.

Not sure the script file could make it happen on multi currency's.

I was going to play with it and see but if some one thinks it's not I won't waste my time
I've had the same idea on the weekend, but with the help of an EA that sets pending orders where I set horizontal lines.

I will be having a go sometime this week, just too busy with work!!
  • #4,059
  • Jul 18, 2011 6:03am Jul 18, 2011 6:03am
Quoting Kosomolate
THE TOOLS
T101_indy_pricehistory_v3_dnk_donfix14--- indicator
accountProtectEA---- expert advisor
tradeHedgeBuyAll -----script
tradeHedgeSellAll----- script
closeAll ---------------script
Heiken_Ashi_SmoothedLHm_mtf----- indicator
easyBTS.tpl 5min 1hr---------------template

I am still using the 14 universal pairs selected by julius. The logic behind that selection is still valid up till now. Look at the last basket trade I
posted see who the loosers are and the gainers, you will see that we need all of them in there. eurchf that...
Kos,

I would like some insight into your statement quoted above regarding the 14 universal pairs. Maybe I'm the only idiot here who doesn't understand it, but why are we setting up a hedge instead of pairs that move in generally the same direction? I know I'm free to do it differently, but your basket trading indicator is showing the cumulative movement of these 14 pairs, correct?

I am tempted to remove some pairs from my trades (not from the indicator because I wouldn't know how), but not before I understand the logic behind this.

If you have the time, I would greatly appreciate your thoughts on this.

Gila
  • #4,060
  • Jul 18, 2011 8:19am Jul 18, 2011 8:19am
Quoting gilab
Kos,

I would like some insight into your statement quoted above regarding the 14 universal pairs. Maybe I'm the only idiot here who doesn't understand it, but why are we setting up a hedge instead of pairs that move in generally the same direction? I know I'm free to do it differently, but your basket trading indicator is showing the cumulative movement of these 14 pairs, correct?

I am tempted to remove some pairs from my trades (not from the indicator because I wouldn't know how), but not before I understand the logic behind this.

If you have...
Hey Gila

Yes, there are approx 3 or 4 pairs that are hedged.

You can take them out by selecting only the pairs that you want in the "Case" files.

In MetaEditor load the Indi and scroll down to the "Case" codes.
Select say "Case 1" and input all the pairs that you want.
Press Compile and restart MT4.

Once you have restarted and placed the T101 Indi on the chart, then Basket = 1 for Case 1 and you will have a compilation of your desired pairs.

The only problem here is that the Hedged pairs serve as a buffer in case the basket goes against you, so you will most probably have higher Draw-Downs.

Regards
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