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T101 Basket Trader with ONE of Nanningbob's Balls

  • #201
  • Sep 14, 2011 4:51am Sep 14, 2011 4:51am
OK, I can understand why you would need to change the visual sl / tp & hedge code as in the original T101 you actually had to had a large number to get any distance from the price

in yours you would need to switch it to point values as your numbers are smaller - (and much easier to deal with)

I can't understand though why you can't use the by - value ones, ie. stop at USD 100 etc. as that has nothing to do with the chart, and is based purely off the open orders

also

i can appreciate you created the indi mainly for your personal use, however I would suggest to make it more universal

ie. have the basket number functionality (take directly from my ea)
make pair suffixing option (again if you take Get_Trade_Pairs this is included)

I would also suggest you reimplement the TimeFrame ability, ie. so that the indicator can be run multiple times off the same chart to generate multiple timeframes

the code looks as though it is there (haven't looked carefully) but in your description you said it was removed

if these changes are made, from my point of view the offline chart created by your indi is SUPERIOR to the standard T101 one we have been using

Regards, John

Quoting Pat1
John,

I do not trade other combinations of currencies except 14 pairs so the my indi is modified for strictly 14 pairs listed in the code. (IBFX pairs).

Modifying the code to include your GetPairs function should be a snap.

Cheers

Pat
  • #202
  • Sep 14, 2011 5:03am Sep 14, 2011 5:03am
Quoting jmw1970
that's cool, BUT PLEASE PLEASE PLEASE be careful with it

it really needs a good thrashing to iron out any potential bugs

(minor cosmetics aren't a problem)

although at least this can only manage baskets, at the moment it can't open them...
G'day T101ers,
As a newcomer to this thread, I really appreciate the efforts of all the coders and traders sharing your knowledge especially, John, Telac,Kos et al over here.
As I understand, the T101 Basket System Buys 7 and Sells 7 pairs on demo to then trade the pairs that jump the profit divide line.
The NB 10.0 uses Daily Chart to determine market state.
Have had no problems setting up the offline chart and have the T101 EA buttons working perfectly. Really cool having the button Buy/Sell 14 pairs with one click.
Very keen to use the EA, to trade 3 or 4 pairs, but a bit confused.
Do we decide the market state on Daily using Nb 10.0 Basic Screen?
Then, set Market Read ? Is there a BUy7/Sell7 Button as per T101?
If this thread is still under development and I've strayed into the wrong thread, would someone please point me to where I can get a full summary of the current T101 methodology and relevant indicators.
  • #203
  • Sep 14, 2011 5:14am Sep 14, 2011 5:14am
Hi EaglePip

not that i am an expert in this but

the original method used the Buy7/Sell7 as an indicator to determine what to do buy or sell

however the full basket part of that strategy still either bought the basket or sold it - it didn't buy7/sell7 (the exception being uchf which was traded opposite to the basket)

the jumping pairs part of the original strategy (where you would only buy/sell a few of the pairs) is not part of this EA

this ea (at the moment) is for the full basket part of the original T101 methodology.

Regards John

Quoting EaglePip
G'day T101ers,
As a newcomer to this thread, I really appreciate the efforts of all the coders and traders sharing your knowledge especially, John, Telac,Kos et al over here.
As I understand, the T101 Basket System Buys 7 and Sells 7 pairs on demo to then trade the pairs that jump the profit divide line.
The NB 10.0 uses Daily Chart to determine market state.
Have had no problems setting up the offline chart and have the T101 EA buttons working perfectly. Really cool having the button Buy/Sell 14 pairs with one click.
Very keen to use the EA,...
  • #204
  • Sep 14, 2011 5:31am Sep 14, 2011 5:31am
I switched to a 8 pair basket
5 trades since this week open
all winners

Thanks for the Great Bot
Attached Image (click to enlarge)
Click to Enlarge Name: kos.gif Size: 19 KB
  • #205
  • Sep 14, 2011 5:34am Sep 14, 2011 5:34am
glad you like it

Thanks for helping with the testing..


Quoting dryclean
I switched to a 8 pair basket
5 trades since this week open
all winners

Thanks for the Great Bot
  • #206
  • Sep 14, 2011 5:50am Sep 14, 2011 5:50am
Quoting jmw1970
Hi EaglePip

not that i am an expert in this but...
this ea (at the moment) is for the full basket part of the original T101 methodology.

Regards John
Hi John,
Thanks for the prompt reply. Have just sold a basket based on HA Mtf on the Offline Chart and will see how we go.
Thanks for the great EA.
EP
  • #207
  • Sep 14, 2011 6:23am Sep 14, 2011 6:23am
John take a look and see how the PA just bounces off the HAS
THis is Kos's original way of going about the BTS...Not sure how you code this but what I have been doing us placing Limits right at the bottom or near bottom has. They have been hitting pretty good..

THe other method would be counter trading of the 1min TF have not tried that with this yet... still getting my head around this one...

Very pleased with this I wish this was my live acct..


PS anyone Live on this giant sell since 08-30 PIPS TO YOU

PPS all pics and comment are based on 8 pair but should be similar to the 14
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kos.gif Size: 39 KB
Click to Enlarge Name: kos1.gif Size: 10 KB
  • #208
  • Sep 14, 2011 6:42am Sep 14, 2011 6:42am
Dryclean,

Would you mind posting the HAS indicator you are using?

Thanks.
  • #209
  • Sep 14, 2011 7:29am Sep 14, 2011 7:29am
The TLE logic would go something like (explanation for short, long reverse)

calculate the trend tf based on the trigger tf
(5m = 15m, 15m = 1hr etc)
if the market read is short, or CT short
Get the low (or median) of the HAS candle for the trend tf
if the price action is below the HAS low/median set a SELLLIMIT with a price of the Low/Median

then on each new candle the TLE would automatically move the pending sell limit down with the HAS candles from the trend timeframe

optionally you could have a buffer ma based on the low of the HAS candle of the trend timeframe, so that as long as the price action was below the buffer (ie. too far away from the HAS and lots of potential for drawdown) place the sell limit, but if the price action was within the buffer, (ie. close to the HAS) open a immediate sell - then the TLE would decide automatically if it should be setting a pending or immediate entry

regards, john


Quoting dryclean
John take a look and see how the PA just bounces off the HAS
THis is Kos's original way of going about the BTS...Not sure how you code this but what I have been doing us placing Limits right at the bottom or near bottom has. They have been hitting pretty good..
  • #210
  • Sep 14, 2011 8:03am Sep 14, 2011 8:03am
5m = 15m, 15m = 1hr etc)
actually it is
5m = 15m ,15m =4hr

But hopefully Kos will chime in he has mastered this method
  • #211
  • Sep 14, 2011 8:28am Sep 14, 2011 8:28am
this is from the T101 indicators thread

did something change

Quoting Kosomolate
TIMEFRAME CHOICE
There will be a lower timeframe which I will be referring to as the STF (signal time frame)
There will be a higher timeframe which I will be referring to as the TTF (trend time frame)

I strongly believe that the best filter ever is to trade with the higher timeframe in view, and that is what we will be doing from now on.

STF--------------------------------------------TTF
4hr-------------------------------------------- D1
1hr-------------------------------------------- 4hr
30min ----------------------------------------- 4hr
15min ----------------------------------------- 1hr
5min ----------------------------------------- 15min
1min ------------------------------------------ 5min

kos
  • #212
  • Sep 14, 2011 8:56am Sep 14, 2011 8:56am
Quoting jmw1970
this is from the T101 indicators thread

did something change
That is the original set up and I am sure it works

But later maybe July Kos posted about using a 1min 15 HAS and a 15min 240 Has

I will see If I can get him to clarify before you start coding anything
  • #213
  • Sep 14, 2011 9:31am Sep 14, 2011 9:31am
Quoting dryclean
That is the original set up and I am sure it works

But later maybe July Kos posted about using a 1min 15 HAS and a 15min 240 Has

I will see If I can get him to clarify before you start coding anything
OK, if you use 1min/15min TF's when HAS change lets say from buy to sell on 15 min you need to wait 15 bars on 1 min to confirm HAS on higher TF.
  • #214
  • Sep 14, 2011 9:45am Sep 14, 2011 9:45am
Quoting altoronto
OK, if you use 1min/15min TF's when HAS change lets say from buy to sell on 15 min you need to wait 15 bars on 1 min to confirm HAS on higher TF.
It's dangerous, anyway, to open positions there, do to whipsaws, as we see now. Not until a trend is defined.
I think is better as a strategy to enter only on retracements in the main high tf trend direction. (which is also uncertain atm, talking about H1).
Well, as we see a down channel on M15, I buy the low and sell the high, until something is developing further. MACD is really nice to spot divergences, so that combined with the channel extremities still works....

Meantime I expect a retest of the H1 low, then, maybe a bounce back to HAS? Don't know...
I don't say
  • #215
  • Edited 12:34pm Sep 14, 2011 11:36am | Edited 12:34pm
John,

Here is a Universal BASKET indi.

Removed the Sync function for now.
Added tf extern variable.
Added Get_Trade_Pairs function.

Let me know if it requires Tweaking.

Please note that the indicator is as good as the data you have in your history folder.

Cheers

Pat


Refer to post 198
Attached File(s)
File Type: mq4 Basket14v4.mq4   8 KB | 389 downloads
  • #216
  • Sep 14, 2011 1:29pm Sep 14, 2011 1:29pm
Quoting altoronto
OK, if you use 1min/15min TF's when HAS change lets say from buy to sell on 15 min you need to wait 15 bars on 1 min to confirm HAS on higher TF.
Then main trend is found on the 15 TF
but on the 1 min you can counter trade or
layer like now . . sells on top of sell trades

Just study 1 min and 15 min charts with the HAS to see what I mean.

I have only been trading this live since July and I still goof it up. This bot has helped a lot. Also I started with 8 pairs this week and seems easier for me
  • #217
  • Sep 14, 2011 6:03pm Sep 14, 2011 6:03pm
Quoting Pat1
John,

Here is a Universal BASKET indi.

Removed the Sync function for now.
Added tf extern variable.
Added Get_Trade_Pairs function.

Let me know if it requires Tweaking.

Please note that the indicator is as good as the data you have in your history folder.

Cheers

Pat


Refer to post 198
Hello Pat1
Why your indicator does not appair
on the chart?

Regards

Dan
  • #218
  • Sep 14, 2011 6:22pm Sep 14, 2011 6:22pm
Since start of this week

Check the DD Nice!
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.gif Size: 100 KB
  • #219
  • Sep 14, 2011 7:04pm Sep 14, 2011 7:04pm
Quoting fxforex
Well done John, I subscribed. Will share the result soon.
Guys,

Can anyone help me here. Was able to set up an offline chart using the M5. Loaded the EA. There's a " Market Read - None" appearing on the upper right hand including the 14-currency symbols and it looks like it is updating. I uploaded the "!T101 Open One order" into the T101 Offline Chart, and a alert message appearing "cannot determine direction". It has been like this since then. Anything I missed? Appreciate your help.

God Bless,

Edd
  • #220
  • Sep 14, 2011 7:06pm Sep 14, 2011 7:06pm
the open one order script is ONLY used when you already have opened a basket

I think you are mixing up several different things

the market read and how to use the scripts

please read the documentation provided

it clearly states what to do with market read, and when to use open one order



Quoting Edd Ganuelas
Guys,

Can anyone help me here. Was able to set up an offline chart using the M5. Loaded the EA. There's a " Market Read - None" appearing on the upper right hand including the 14-currency symbols and it looks like it is updating. I uploaded the "!T101 Open One order" into the T101 Offline Chart, and a alert message appearing "cannot determine direction". It has been like this since then. Anything I missed? Appreciate your help.

God Bless,

Edd
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