Indicators development for T101's not very simple method

here is a Sell I just took and closed for small profit of +200 pips, its not the trade now but the example of when to hold brake when you are in a counter trend trade.

the 15-4hr TF is HAS blue and price coming from up for a TAP or a cross. and the 1-15min shows red then I waited for the TAP at the RED line put by me (before someone would PM me to share the red line...LOL) and I pull shot 14 and was waiting for the 15-4hrs to come for the TAP down. It did and now I close the sell

waiting now for 15-4hrs to BOUNCE off HAS which 1-15mins would help me catch, or cross and continue its journey.

kos

Kos, it looks like it has crossed... I'm in on the sell trades.

I'm using a reduced set of pairs so I don't have to pay so much spread.

EURJPY (x2), GBPCHF, NZDJPY, AUDUSD (I just cancelled out all the redundant currencies from the original fourteen pairs

yes it has crossed but I would want to see it come back, can you explain the cancelling out of the redundant pairs?

kos

what a lucky day, 1-15min any one sucked the pips?. just took long at the Blue vertical line , let see if it going for the TAP on HAS 15-4hrs TF.

kos

Hey Kos

Did a live EU EG buy and a sell today made a few pips . . . being careful as this is a little new working with the single pairs. But stopped while I was ahead the markets are nuts because of the US Govt.

Will demo a bit more could have got killed on the EU EG if on the wrong side today.3

I have a question on the 2 protectacct ea it will work only with the basket not a single pair is that correct if so what ea do you use to manage single pairs . . if you would share that. I use MPTM but always looking for a better mouse trap

Thanks zz, I always pay attention to your posts.

In this case though, it really doesn't matter as I have modified the T101 chart indicator to have any pair(s) I want. Plus I am trading that chart the way that Kos and dryclean are trading it.... as if it is a single pair.

Actually I can just trade the EURJPY pair by itself, but that won't be too much fun would it? hehe

I'm just testing the waters to see what I'm comfortable with.

To see what I'm talking about if you look at the two images below, one is my pairs on the 15 minute chart, the other is EURJPY on the 15 minute chart.
(The original T101 14 pairs also look very similar to these two charts)

See image below, it explains my thinking

As you can see when the 14 pairs are traded 1 way it is actually just trading my 5 chosen pairs (for best spread for me, but you can actually make any pairings you want from the middle column) or just EURJPY (roughly EUR x4 and JPY x6).

But as I said before, it doesn't matter what pairings you chose to make up your basket when trading T101 the Kos way as we are basically just trading it as if it just one pair.

Just make sure you modify Don's T101 offline chart indicator to use the pairs you want.

Glad to see you are on top of things. Yes, those charts are very close. Keep up the good work!

Thanks zz, means a lot coming from you

I've slowly gained confidence using this method of trading.

I'm seriously thinking of opening up a Learner account with GoMarkets and having a go for real!

Kudos to Don, Kos and dryclean for making it all possible

Was stuck in range for a while... now in a sell position

Also a good example to not only trade just the EURJPY.
In this case AUDUSD reacted to the RBA Interest Rates news, and gained the most (+27pips) within a few minutes, whereas EURJPY has hardly moved at all.

Hi Dryclean!

the best trade management EA I know or see people use is MPTM, though I don't use it. I tried it but the settings are too much for me, anything that is a little above simple is not for me.

The 2protectAccountEA works on single pairs too all it watches is the PL column. the downside is that it cannot recognise individual pairs by magic number. and that is why MPTM is very good, it can watch individual SL and TP one by one.

kos

what a successful journey by price back to HAS for a goodbye kiss, look at the way price came off after the TAP. I woke up to meet profit in the basket already wrapped neatly by 2protectaccountEA.

@A-game
that was a good sell you caught there whether 4 pairs or 14 pairs, the cost or exposure thing, its getting too long for me and when its too long I don't seem to follow, but thanks to you and ZZ for the enlightenment.

I think more people should come taste this style of trading now that its cracked! and simple to do unlike those times we had to watch for 3 to 4 conditions. I think most people lost interest along the way and went back.

and cos most of the time we allow the talk of EA to take over the thread and when we are not able to get it to trade it exactly, we loose focus of the strategy.

kos

after typing the above post I took a look at the charts, I saw it close to HAS in 1-15min TF and I short the basket, see where it is, did not see any DD and now its in my comfort zone, thanks to 2protectacct. see u later.

kos

Nice work Kos... My sells have taken a very nice ride so far

looks as if the interest is coming back, 26 traders on this thread.

kos

Kos,

Thanks again and thanks to you, pips are coming in with increasing ease and frequency.

Just playing with Nanningbobs new V10 templates over the T101 offline charts. If you read the info he has shared on his new system, it can give a real "heads up" on what's coming and more clearly shows trend. Additional tools to keep us on the right side

GG

Hi Kos,

Would you be able to attach your copy of the 2protectacct EA and your set file(s)?

I'm playing around with drycleans MPTM set files for buys and sells.

Just wondering if your EA is better.

Thanks!

And why shouldn't there be interest Kos? You have given a simple yet profitable way to trade one or more pairs.

BTW The tool I made and used yesterday, I made a lot of money during the trend (over 50% on one account, never near a margin call, trading one pair), but then gave most of it back same day trading counter-trend moves (basically scalping both ways). BTW, I must use high leverage (30) because I must sink or swim at this point financially, and the Lord is making me to be able to swim, glory be to His Name (and His Word, Jesus, whom He puts above His Name).

Learned my lesson. No more scalping for me.

BTW, noticed now that I'm not scalping, my entries closely resemble entries by Kos TTF M15 and STF M5. Very cool indeed to keep coming back to using this indicator you shared. Thank you for sharing, and thank the Lord for everything (for all comes down from the Father of lights).

http://bible.cc/james/1-17.htm

Also, to clear things up:

I sent my friend finimej a T101 BuyAll indicator I made since Julius ultimately either bought all 14 pairs or sold all 14 pairs no matter what signal was.

She recoded as she was and is a much better coder than I am.

She uploaded to another forum, where Orest found it, and posted it here.

DNK obviously picked Orest-posted T101_BuyAll indicator up (from looking at the code) and made the "T101_Indy_PriceHistory_v3-dnk" indicator which we all appreciate him doing.

I then noticed that the pairs for the basket weren't right, so all I did was simply change the pairs listed in basket 14 to be the correct universal pairs, and renamed it to show I fixed the 14 pairs (and that's all). I then noticed it didn't work on FXDD, so have to use original pairs on FXDD, so made an FXDD version. Again, just changing pair names.

So DNK is the one to be thanked for the offline chart indicator. And yes, it should be able to be changed to make any chart you want, T101 or otherwise.

We know Julius had multiple systems. The Basket is 14 pairs, then he also had GROUPS (USD, JPY, and MIDS) where he basically traded the basket but two pairs different direction. Then he also had 2 and 4 JUMPING PAIRS. He gave up on doing anything but the BASKET (what you all trade unless revising for different pairs).

I've also heard of his CORE5, which supposedly are the main 5 strongest moving pairs.

Then of course before I ever came here I had made a custom-USD-index indicator, but it wasn't updating correctly so I got a fixed version on another thread.

So now someone could also do the same, except make a custom USD-index offline chart, if they wanted to. When DNK gave the offline indicator, he really opened the doors for any variation a trader wants to use. One just has to be able to make it happen in code if you want to trade pairs different directions (such as a USD-index, where you are buying and selling currencies). But if buying all, then anyone should be able to use the DNK indicator and just change out currency pairs in the CASE that matches the number BASKET they put in user inputs.

Kind regards,

Don

Edit:

Pic shows on EURUSD M5, price went up through M15 HASmtf, up through H1 HASmtf, into H4 HASmtf, where it found resistance. Since then we see we've had a retrace to Fib 50, where it sits below M15 HASmtf and H1 HASmtf. Which way will it go? It looked like it might go up to me, but obviously bounce off the H4 HASmtf at the top really sent the price down further (why did I think it would do otherwise really?). Need to really work on my TP, so I don't lose the gains I get. How many gained 40% today and let the market take back all but 16.8% LOL? (that's just one broker, thee other broker still has 9.6% gains for the day. BTW, anyone can go to my profile to see these live account results that can't be faked.

Don,

Very insightful history there, thanks for sharing that.

As for which way, learn to read the chart M1(HAS M15) and M15(HAS H1 & HAS H4) for the HAS MTF touches and see how the PA rebounds off the HAS MTF.

Never trade HAS MTF crosses - they are too risky as you'll eventually experience DD when PA retraces back to the HAS MTF to give you a signal

BTW, learning fundamentals (global macro) will help with deciding which currencies (no not pairs - currencies!) are weaker and which are stronger.

Don et al,

How to FIND and TRADE the CORE 5 pairs - context of this quote is when using with the T101 IA:

Cheers!