Indicators development for T101's not very simple method

DC,

Thanks,

Don,

That's cool.

Edd

Do you like scalping? How about 30 pips a day. That is I think achievable if you have the discipline. Once you got your quota, get out and enjoy the day.

Yes
30 pips daily
It can be done

But if you trade Basket you can't go for just a few pip
30pips are a poor target
great risks ask for great rewards

When you open a basket trade,you go immediately down 70 pips (avg) for the spreads
So u have to pair this initial loss and aim for an higher target

that's my opinion

To guide us in our Basket Trading, would also appreciate if you guys also post not only your profit but your daily/weekly losses as well. If a scalper could possibly gain consistent 30 pips a day to double his account in 15 trading days, basket trading would then be astronomical. However, if the difference is not that big, then the Criminals will win in the end.

I have not fully discovered Koz/DC's potential method yet because of my problem with my computer locking when I run the Has_Mtf along with the lower and higher TF/T101 1M - 15 TF inspite of my big memory of 8gig.

By the way, trade4fun, a few post back mentioned that the 14 pairs no longer synthetically hedge as these has been neutraalized. Instead, a buy 12 pairs/sell 2 pairs or 12 sells and 2 buys are now more profitable. Has anyone here identified those 12 pairs are?

God Bless,

Edd

If you hold the trades for less than an hour then the negative correlations are not always the same pairs.

Generally USDCHF trades opposite to EURUSD, but not always, especially when you hold a trade for less than an hour. Today for instance they had a positive 48% correlation over a one hour period. Same for all pairs the correlations are constantly changing.

You can take a guess at some other negatively correlated pairs, for instance USDCAD and AUDUSD. Easy to see why there would generally be some negative correlation, in one pair the USD is on top and the other the USD is on the bottom.

http://www.forexfactory.com/showthread.php?t=284191
GVC has a thread that uses 8 pairs go here and read how to set up the T101indi and he has the scripts there the way I have the MPTM set up will not work so set trade by magic number to false. Should work but I have not tested

It cuts the memory hogging down for those having problems.

Here is a script file
drag to your chart
it creates a file in your Crogram Files\MT4\experts\files that you can import into excel and just see which pairs are constantly doing their job for you.

You must do the calculation for excel
little bit tricky but a nice weekend project
i have not done it for this method
it might be irrelevant at this time

Thanks again,

Edd

Here is one of the best posts that i have read in months.


"I think the biggest thing that a person who is genuinely interested in giving value is up against, is that there is so much mis-information that people are expecting to get 100% per month, or that it's easy, or just follow this or that system and its easy etc etc. I see the clickbank product launches, the same formula every time and it works dammit! People buy those things in droves. (I did hear the refund rates are through the roof and a lot of affiliates wont bother promoting forex products now, so that's good news!)

First, trading is B****DY HARD! It takes years to get comfortable with this crazy business. Second, most are underfunded with unrealistic expectations. If you have 10k and you are just wanting to slowly grow it faster than putting it in the bank then you can do that. If one is expecting to make a living, they are in for a very serious awakening.

If you told many mainstream investors that there's an investment that can get them 10% per month (120% a year) they would be suspicious because that would be considered high, and yet many people (new traders) in forex scoff at 10% like it's too low."

I didn't just walk into this business today. I've been preparing for almost 4 years morning, noon, and night. Watching the charts will teach best - more than reading any forum ever will.

I also will paste below my name what I found to be true, and although I can't remember where I got it, I still believe it to be true.

Kind regards,

Don

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong."
-George Soros

"It asked what type of animal i thought the market was. all i could come up with is a crab. The market is a crab right now to me.
In a market, you will exit from a losing trade when the pain of losing one more dollar becomes stronger than the pain of saying that you were wrong in taking the trade. The path of least resistance wins again.
When your personal underlying structure is aligned with that of the market, winning becomes the path of least resistance. As a trader, you always know when you are trying to go against the path of least resistance. Tension immediately builds up in your body and mind. If you are tense about trading, you are not "floating down the river." Once you learn to determine the underlying structure of a market, you can make peace with the behavior of the market and simply "float like a butterfly, sting like a bee."
Problem solving does not enable you to create what you want (profits); often, it perpetuates exactly what you don't want (losses). You don't need to transform your trading—you need to transcend it."
-Author unknown to me

Hahaha.... Good one Don.
Its so true.

I think there were several Authors in the last quote.
Some that come to mind..... Dali Lama....Muhammad Ali.(LOL)

Regards

Thank you.

Edd

Gvc,

Right, it is true. Any trader who has traded real money (NOT Demo) knows very well what I'm saying is true.

"As a trader, you always know when you are trying to go against the path of least resistance. Tension immediately builds up in your body and mind. If you are tense about trading, you are not "floating down the river."

So are YOU not your best indicator, simply by your feeling? You know when it gets uncomfortable because you're losing. You know the pain increases, you keep losing more, until the point you can't take the pain anymore, and you shut down the trade in sheer agony.

Why does anyone let it go that far? (Why did I?)

Because they don't/can't admit they were wrong. Because they've been taught and conditioned to think that losing makes you a loser. Until their mind is conditioned to be able to take the loss and move on, they will never win at Forex. If one CAN take the loss and get out of the trade quickly as soon as price action went against their position to the point of logical stoploss, and then get in the other direction based on price action alone, then MM can be pushed to the leverage 30 without worrying IMHO.

In fact, if you think my MM is pushing the limits (or "crazy", or "greedy"), I say I am a mathematician and know the limits I can push. I make it a priority to know the numbers.

Note: Begin rant.

Lastly, let me remind everyone that Goldman Sachs traders were more than double my leverage (almost 3x my leverage!) in the crash of '08. These were traders taking positions against their own customers. They got in sells at the top and got out at the bottom. They made money no matter what they'd like you to think. How can one not in their position? And how did my dad's "conservative", managed retirement account lose over half at that time?

Are investment traders THAT bad that they can't get out the friggin' trend that's going against their customer's "conservative" investment (supposedly) until the BOTTOM, in a trend that lasted MONTHS? That's what they'd like you to believe. I call BS. That's a wide gap of NUMBERS that are unaccounted for, and that "bailout" money was stolen in broad daylight from generations of Americans and GIVEN to foreign banks. Did the largest bank in the world need a bailout? At American taxpayers expense for generations to come? They are THE market makers people. The people behind the Federal Reserve also own the banks that were "too big to fail" (no such thing in REAL economics, just this fantasy they've got everyone believing). This is collusion between a country's ruling class (private Fed banks and the families who are behind the scenes who also illegally take "income tax", in collusion with Foreign banks (which they also own), against the people (Americans) and the Founding document (Constitution) they have been SWORN to protect (now that they hold high office thanks to puppet presidents). This is illegal people. Which is why Americans are still being put in the dark about what really happened.

You can't MAKE the market, THEN say you can't TRADE the market. It's impossible. Well, I guess it makes sense if you don't think about it LOL.

But enough of that. I'll let Americans get back to something more important that they'd rather talk about: what's on TV LOL. BTW, I am American, but I don't watch the brainwashing known as news that has been engineered for us. And because I DO think, this made me mad to the point I want to see some justice. And by God and Him alone I shall see some.

Of course, I'm just a nut, right? There is no real evidence of anything I say, right? Well, it's not gonna be dropped in your lap, that's for sure. If people want truth, they must want it, search for it, and they shall find it.

Anyways, I wouldn't have even gotten into Forex or trading if it wasn't for all this I see blatantly happening without anyone saying anything. I would have been happy just living and paying the bills if they would have left well enough alone. But they just HAD to push the New World Order and their man (Obama) in our faces, and steal from us in broad daylight, AFTER stealing from us for almost 100 years now through the illegal Federal Reserve Act and Internal Revenue Service (which could simply be abolished since both are illegal - against the Constitution, but hey, the Congress is bought and paid for, and they don't want REAL money system, since they would have to reign in their spending). They stole 97% of the dollars purchasing power BEFORE the "bailouts". Doubling the money supply with the stroke of a pen is having its consequences. (Everyone's 2007 dollars and "stuff", when this is all fleshed out, is worth HALF what it was in 2007). They have us fighting over pennies, they want a revolution, so they can put into place a police state in America, where they have many concentration camps already built and ready. Let's just say they've perfected what Hitler started. It will be efficient killing on a wide scale if they ever get their way. The New World Order's 10 commandments start with commandment 1: Maintain a population of 500 million. Now if we go back to math, then to get to their goal, they'd have to kill about 6.5 billion of us "useless eaters", leaving them (the ruling class of bankers and intellectuals), and their servants (those who believe their BS). I will most likely be on a list, if not already, to pick up first and kill, because I stand against this evil, and CANNOT, and WILL NOT, stand idly by without speaking up and saying something, so help me God.

This whole "tower of Babel" will one day implode. It CAN'T stand. God will not allow this injustice forever people.

Note: End rant.

Kind regards,

Don

Last part of Don's post above caught my attention and will serve as my reference to share part of Thomas Merton's introduction to St. Augustine's "City of God".

" St. Augustine traces the history of this divided city of conflict and hate through all history from the fall of Adam to the end of time and even into eternity. But at the same time he comtemplates and exposes the work that Adam's sin could not be allowed to ruin.It was in the "new Adam", Christ, that man was to be raised again to the friendship and vision of God - not indeed the contemplation Adam had enjoyed in Eden, still less the clear vision of beatitude: but heaven was to begin on earth in faith and charity. God wold be "seen" but only in darkness and man would be united in "one body" but only at the cost os struggle and self-sacrifice. The whole of history since the ascension of Jesus into heaven is concerned with one work only: the building and perfecting of this "City of God". Even the wars, persecutions, and all the other evils which have made the history of empires terrible to read and more terrible to live through, have had only this one purpose: they have been the flails with which God has separated the wheat from the chaff, the elect from the dammed. They have been the tools that fashioned the living stones which God would set in the walls of His city of vision. These two cities were made by two loves: the earthly city by the love of self unto the contempt of God, and the heavenly city by the love of God unto the contempt of self. The earthly city glories in its own power, the heavenly in the power of God." -

There you are folks, something to contemplate with.

God Bless you,

Edd

what a long thread...... i read'em all

start to TRIAL..


thx to all of you

1st trade closed with 220 pips (MTPM did)

2.5% at 1st day... awsome!!

threw up a 4hr chart with nanobob 10.0 chart

consider reentry at red lines nice sell run going on

here is link to steve's new ea

http://www.forexfactory.com/showthread.php?t=313036

Hi there
2 nice entries
watch the vertical lines

first one (orange line)is a perfect technical trade
second one is more ..fundamental entry
as you can see from the blu trend line I missed a good one on Friday night..damn,I have to sleep

$ 1700 pips banked
DEMO

http://img4.imageshack.us/img4/1430/winningtwice.gif

Hi Swissforex Is that Paul Deans RSI Divergence theory that you are using as a 2nd filter.

If so kudos to you.
I find that it works well on the offline charts.

Regards

MPTM closed 2nd trade with 100 pips... not bad at all

i apologize if i ask this shilly question, but what is important we use offline chart?

cause i don't use it...