Indicators development for T101's not very simple method | Page 215 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Simple System By T101 - My Thought 18 replies

Continuation of T101 method discussions 24 replies

My first attempt at T101's basket method... 2 replies

Attachments: Indicators development for T101's not very simple method
Exit Attachments

Indicators development for T101's not very simple method

  • #4,281
  • Aug 22, 2011 7:29am Aug 22, 2011 7:29am
Quoting gilab
Kos, that was excellent trading. Most people (me included) would have gotten scared out at the second blue circle. I don't have access to MT4 where I am now, but later I want to see if the stochastics would have indicated the areas you got in.

They are not really needed, as you have shown, but to me they are like a "thumbs up" when you see an entry point.
Gilab, thanks, who told you I was not scared? its natural especially with 0.05 x 14, but I got my back covered up already i.e. B E so even if it turns from that point the worst that could happen was to take nothing. and that is why I added another 0.01 at that point.

Now am out with +410 pips

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,282
  • Aug 22, 2011 7:29am Aug 22, 2011 7:29am
Kos
I have MBT for a broker but should the charts be so different??

1m - 14 basket
Heiken_ashi_smoothedLkm_MTF --6-2-2-3 w 5min TF on 1m chart

How do you get such square blocks of HAS?



Quoting Kosomolate
what a monday!

at UK open, I sold at the RED circle and it turned and I used the close all script to discharge the sell and I waited for the blue circle and long there and it continued my way, adn at the second blue circle I added another 0.01 I was afraid LOL. now at the blue arrow 600 pips, and I dare do it with 0.05 today

I can't argue anymore, if anyone knows how to write codes that would take trade as I have done here at the circles do it and if not no problem. it is not be for my benefit alone but for every one that passes bye this...
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-22_082121m-5min has.png Size: 65 KB
  • #4,283
  • Aug 22, 2011 7:44am Aug 22, 2011 7:44am
Quoting Traderduke
Kos
I have MBT for a broker but should the charts be so different??

1m - 14 basket
Heiken_ashi_smoothedLkm_MTF --6-2-2-3 w 5min TF on 1m chart

How do you get such square blocks of HAS?
Duke, you are doing 1-5min not 1-15 min TF as I do, your picture at the red circle shows that.

and look at my own box you will see how I get the square blocks. correct you TF ans the color input and lets see if we have same thing or the brokers charts are diff.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: thh.png Size: 66 KB
Attached Image
John 3:16 - From THIS love no power on earth can me sever.
  • #4,284
  • Aug 22, 2011 8:03am Aug 22, 2011 8:03am
Kos,
Thanks, you the man!! Check the attached. I changed the color for 1 & 2 to black.
I'm on the US east coast . when London opens Its 3AM here. I hope to use the MPTM EA for exit , Do you use it and if so what settings seem to work best??

Thanks again for your help

Quoting Kosomolate
Duke, you are doing 1-5min not 1-15 min TF as I do, your picture at the red circle shows that.

and look at my own box you will see how I get the square blocks. correct you TF ans the color input and lets see if we have same thing or the brokers charts are diff.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-22_085941-has-101t.png Size: 42 KB
  • #4,285
  • Aug 22, 2011 8:34am Aug 22, 2011 8:34am
Kos, nice trades you made there.

I am still using your system up till now, although I do agree with swissforex and dryclean that the R:R is not viable. Basket DDs are scary.

Hence, I customized the system to my own trading system to filter bad trades as best as I could. Be doing so, I use simple Fibonacci and DStoc as a guide to my daily trade.

I did check out the Nb 10.0 and my opinion is, it does help in trading to a certain extent though I'm sure it will do better in single pairs. Still, I think its also a good system in deciding which direction to trade.

Kos, can you share the settings of your accountprotect EA?


Keep up the good work peeps!
  • #4,286
  • Aug 22, 2011 9:25am Aug 22, 2011 9:25am
Quoting Kosomolate
I can't argue anymore, if anyone knows how to write codes that would take trade as I have done here at the circles do it and if not no problem. it is not be for my benefit alone but for every one that passes bye this thread some who would not even show there faces here.
Quote
I have other trading systems 1 without any indicator and the other very simple application of RSI coded by me from scratch and profitable at least for the past one and a half year. I am a coder by profession and I have many web apps online now to proof that and I have been involved for the past 14 years in many big programming projects. What ever zznbrm or Don is saying I know. No big difference between php codes and mq4 they are all variants of c which I write very well.

There is no arguing and no rancour here. There is confusion however.

You continue to solicit someone to write an EA for your strategy. However, you are a programmer of 14 years, you have coded multiple EAs which you profitably trade live, and you know your system rules better than anybody.

Aren't YOU the logical choice to code your EA?

Someone with your coding experience and a complete understanding of the system should be able to get a working EA for your strategy in a few hours. What am I missing here?
  • #4,287
  • Aug 22, 2011 9:43am Aug 22, 2011 9:43am
Quoting Chroniclez
Kos, nice trades you made there.

I am still using your system up till now, although I do agree with swissforex and dryclean that the R:R is not viable. Basket DDs are scary.

Hence, I customized the system to my own trading system to filter bad trades as best as I could. Be doing so, I use simple Fibonacci and DStoc as a guide to my daily trade.

I did check out the Nb 10.0 and my opinion is, it does help in trading to a certain extent though I'm sure it will do better in single pairs. Still, I think its also a good system in deciding which...
greetings Chroniclez!

Sure the DD is very scary if you get caught there, and thats one of the very reason I will always want to take a trade close to HAS cos if its going it will just move from there straight away and if it turns you see it quickly and the loss will be bearable. Again that is why its good to keep the size very LOW.
I have been looking at NB since it was NB 4 through to NB 10 now, the crux of that system is MACD and its good at determining direction.

The accountprotect EA has very simple settings; once I see +150 pips, I quickly set the take profit = 0.0, and I set the gap of 200 between take profit and the current price, till I am stopped out like today it went 600 and i got 410.

to set it for the size you trade. you will need to look at the code and calculate with your lot size accordingly, the once posted are made for 0.10 and 0.01.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,288
  • Aug 22, 2011 9:52am Aug 22, 2011 9:52am
Kos
Great trades!

I missed the boat here. I am in EST time zone GMT -5 I should almost wake up at 3am and check things out and go back to bed....

Been busy this morning drycleaning (What!) so have not placed a trade ..

Just missed a nice sell that is for sure but was a little leery cause the 15TF Has (240) just turned blue so I will wait.....

I have a 2.5% goal per week and I am so close that I don't need to force any trade..I screwed up my goal last week and don't want to do the same thing this week......
  • #4,289
  • Aug 22, 2011 9:55am Aug 22, 2011 9:55am
Hi All!

look at the 1-15min TF now Price has sped past the HAS now if you enter at the green box, its looking for trouble because by the time it goes back to HAS it would be big DD but if you wait for the entry at the BLUE line that will still get you in at very good price and less DD and if it turns back BLUEthe it won't be too far from your entry point.

as for the exit you can take what is enough for you when you see it or wait to ride the BLUE has till it changes to RED.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: buybts2look.gif Size: 24 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #4,290
  • Aug 22, 2011 10:01am Aug 22, 2011 10:01am
Quoting dryclean
Kos
Great trades!

I missed the boat here. I am in EST time zone GMT -5 I should almost wake up at 3am and check things out and go back to bed....

Been busy this morning drycleaning (What!) so have not placed a trade ..

Just missed a nice sell that is for sure but was a little leery cause the 15TF Has (240) just turned blue so I will wait.....

I have a 2.5% goal per week and I am so close that I don't need to force any trade..I screwed up my goal last week and don't want to do the same thing this week......
Hi dryclean!

there ll be another boat, and the 2.5 goal is great, it takes pressure away from trading and it becomes pleasure, since the goal is easily realizable, and that is why I can afford to sit on the thread today

I wish you a good trading week ahead

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,291
  • Aug 22, 2011 10:21am Aug 22, 2011 10:21am
look at the 15-240min TF, I will rather treat the 1-15min sell that is happening now as a retracement on the 15-240min TF in the BLUE box and as soon as it touches the HAS on 15mins get your profit and wait cos it may bounce back up or continue down and since we cant predict where, then its safe to take what is on the table.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.gif Size: 25 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #4,292
  • Edited 10:56am Aug 22, 2011 10:34am | Edited 10:56am
Quoting zznbrm
There is no arguing and no rancour here. There is confusion however.

You continue to solicit someone to write an EA for your strategy. However, you are a programmer of 14 years, you have coded multiple EAs which you profitably trade live, and you know your system rules better than anybody.

Aren't YOU the logical choice to code your EA?

Someone with your coding experience and a complete understanding of the system should be able to get a working EA for your strategy in a few hours. What am I missing here?
I greet you ZZ!

did not see your post in time, the EAs I use are so unbelievably simple that I only need simple knowledge of mq4 to code and tweak them. My programming experience has been in the area of database programming all along and I have not given mq4 a serious look until now, looking at what you guys can do with it like the offline charts, samir's indicators, dashboards etc so thanks ZZ for the challenge I will look at mq4 seriously so that I won't be begging people for codes anymore.

thanks

sorry to bother you sir, while typing your reply, see what that very simple code of mine has done to me again +50 pips.
kos
Attached Image (click to enlarge)
Click to Enlarge Name: egea2.gif Size: 23 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #4,293
  • Aug 22, 2011 11:09am Aug 22, 2011 11:09am
Quoting Kosomolate
I have been looking at NB since it was NB 4 through to NB 10 now, the crux of that system is MACD and its good at determining direction.

kos
Yes Kos, the crux is MACD and its helpful to take it into account when making trade decisions. In fact, Stoch, RSI, ROC all have the same function as MACD.

So the way you're tweaking the the accountprotectEA is the same as jumping stop loss in MPTM. But this requires constant monitoring of the screen and that's what I can't do much.

I think trading the retracement is risky as it's not always a full retracement towards HAS and the trend would turn back to its original direction.

So the original rule of waiting for both timeframe to show the same HAS color still applies right.
  • #4,294
  • Aug 22, 2011 11:56am Aug 22, 2011 11:56am
Quoting Chroniclez
Yes Kos, the crux is MACD and its helpful to take it into account when making trade decisions. In fact, Stoch, RSI, ROC all have the same function as MACD.

So the way you're tweaking the the accountprotectEA is the same as jumping stop loss in MPTM. But this requires constant monitoring of the screen and that's what I can't do much.

I think trading the retracement is risky as it's not always a full retracement towards HAS and the trend would turn back to its original direction.

So the original rule of waiting for both timeframe to show the...
hi Chroniclez!

the 15-240 is just the big picture, so that we know exactly where we are. now look at the down move that just happened, the BLUE arrow, if the 15-240 TF is not there how would you know that its just a 15min retracement back to 240 HAS, and if you took the trade you may not know where to exit. and when 15-240 resumes its up run, you will be caught right in the middle, if you tarry too long in it or if you are fast you get may get small profit out.

now if 1-15min goes back BLUE its just falling back to the main stream and we are more confident with such trades, its not a rule, if you close the 15-240min TF you will still make profit doing 1-15min only some times you will be against the big trend which may result in disaster.

look at the pictures now, by the time 1-15min changes to BLUE are they not in the same color?

thats all, hope it clears something

kos
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1min.gif Size: 25 KB
Click to Enlarge Name: 15minn.gif Size: 24 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #4,295
  • Aug 22, 2011 1:21pm Aug 22, 2011 1:21pm
Quoting Kosomolate

look at the pictures now, by the time 1-15min changes to BLUE are they not in the same color?

kos
Yes Kos, they both had the same colour but then 15-240 made a minor retracement again and I had to close my buy order with loses.

I guess its not wise to trade from 1600 GMT +0 onwards in the US session

Nowadays I prefer trading during the UK session.

Thanks for sharing!
  • #4,296
  • Aug 22, 2011 3:37pm Aug 22, 2011 3:37pm
Quoting Traderduke
Kos,
Thanks, you the man!! Check the attached. I changed the color for 1 & 2 to black.
You will have a better result if you change the color to none. The black might block some of the price action.
  • #4,297
  • Aug 22, 2011 6:28pm Aug 22, 2011 6:28pm
Quoting Kosomolate
what a monday!

at UK open, I sold at the RED circle and it turned and I used the close all script to discharge the sell and I waited for the blue circle and long there and it continued my way, adn at the second blue circle I added another 0.01 I was afraid LOL. now at the blue arrow 600 pips, and I dare do it with 0.05 today

I can't argue anymore, if anyone knows how to write codes that would take trade as I have done here at the circles do it and if not no problem. it is not be for my benefit alone but for every one that passes bye...
I must admit I was a bit skeptical about this sys at the beginning 'cause I didn't feel it under my skin
but I didn't give up

Now I feel more comfortable trading 15 min TF bounces from H4 HeikenAshi
but I still have to work on M1 TF --> 15M HA
trading M1 for me is like learning to fly (=TRADE) in the dark without radar (= FUNDAMENTAL analysis)

thank you Kos for sharing your approach

it's SO SIMPLE

just a tip for newbies:
DO NOT ADD too much indicators,if you are an addicted to indicators try with 2 popular&old indies like RSI or Awesome Oscilator,BUT please focus on price action and Heiken Ashi.
Account deleted
  • #4,298
  • Aug 22, 2011 9:44pm Aug 22, 2011 9:44pm
Swissforex
welcome . . . glad to see you are on board

It took me about 2 months to get the hang of it and I am still learning

Looking forward to you input and contributions
  • #4,299
  • Aug 23, 2011 2:48am Aug 23, 2011 2:48am
hi all!

swissforex! how now? you like 15-240min TF, did you catch this? who knows it may be another big up run. The entry was at anywhere within the ORANGE box

and those who were following yesterday, price actually bounced off HAS 240 mins and resumed its up run, as I thought it would. If any one had taken it yesterday by now he would have B E and leave the rest.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: 22nd15min.gif Size: 21 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #4,300
  • Aug 23, 2011 3:01am Aug 23, 2011 3:01am
So sweet Kos!

The days with nice straight runs like this make up quickly for the choppy ones. The 15/240 or even 30/240 along with the 1/15 make it easy to see which side to be on. I still check the NB V10 Basic template on the D1 offline chart which mostly agrees with the 15/240 and 30/240. It does give you a little more "heads up on the bigger picture when a trend is about to begin or end though.

Thanks again to Kos and many pips to all

GG
13 traders viewing now