Indicators development for T101's not very simple method

Hi Chroniclez,

Think you just solved my problem also. Been trying to run the EA on M1 trading M1 Signal TF M15 trend TF and the trades didn't line up at all with what the indicator was saying which was running on the M1 offline chart (indicator set on M15TF). After seening your post I set the EA up on an M15 chart with M1 Signal TF and M15 Trend TF. Just took and trade a few minutes ago which looks correct now.... let's see

Hi Telac,

Am glad your EA is working now. I assume we're both on the same buy basket. I just hope the EA will close basket once opposite signal shows.

I am indeed.... see how things develop. Once I get a feel for this thing I'll get it going on the bigger time frame also and ultimately by sharing our findings we may be able to come up with a nice trade managment settings to put the squeeze on the pips

Cheers

Hello Everyone. I've read through several of the posts of this and some of the related threads:

http://www.forexfactory.com/showthread.php?t=107119
http://www.forexfactory.com/showthread.php?t=284191
http://www.forexfactory.com/showthre...12522&page=306

I understand the concept but can't get my head around the technicalities involved in trading it. Are there any key posts that explain how to get everything set up and running?

Thanks a lot!

I thought we are used to the settings since its the same principle and the same EA

the VQ7 is internal to the EA you dont need to put it on chart, except if you want to see how the EA is taking trades visually, but it should be in your expert/indicator folder.

if you put vq7 on chart make sure you set it like the one the EA is consulting Lenght = 7 and the TrendTF should be the same so that you understand what the EA is doing.

set the VQ7 timeframe in TrendTF and the chart timeframe in SignalTF as in the picture though the SignalTF does not have any effect.

kos

Just wake up now to check and that yesterday buy bts trade 15-4hr is still on am just waiting for vq7 color change so that the EA would cut the profit. this is why I was finding it hard to leave small TF alone I like the in-out sharp sharp thing.

but sha the profit is huge here but leaving it overnite if internet fails or power fails, may distabilize me cos no physical stop loss here, hope this is clear it is very risky.

kos

Kos,

Everything running well now - the EA just didn't want to run on M1 correctly for some reason. I just wanted the indicator there so I could see that the EA was trading correctly and it now is. Very exciting!!

Was thinking a bit about the locking; I know simplicity is king but I'm thinking that a time filter for locking might help in maximizing pips. You would run different settings for the Asian session than the London and US. Of course this becomes a bit of a non issue on the higher time frames but on 1/15 it may help. Anyway very cool to watch this thing over my lunch hour

GG

Hi

Please could somebody confirm if Don's EA should go on an offline chart or a normal one. When I place it on an offline chart I get the smiley face but no text however when placed on a normal chart I get the text. As you can tell a little confused?

Many thanks.

normal chart. mine is sitting on a 1min GBPJPY chart

kos

Thank you Kos for the quick reply

out of the buy and sell kicked in immediately and now +350pips already, just 50pips to BE.

those whose want to see real entry not after the fact see the color change thats the point of entry by the EA.

p.s:- checked b4 sent and it has BE already @ 400pips

will see you later with how it goes but the worst that can happen from this point is ending with $0.0


kos

Kos,

Appoximately the same story for me: On thinking though, I really believe that with a bit of careful locking and stop management according to some definable trading hour groups, today could have been say 200 pips further ahead. I have to think about it a bit and do some testing. I'm sure a feature like this is easy enough to code - not for me mind you being a codeless wonder...

any one else having this problem
the VQ doesn't move at time compair top pic with bottom after I edit the indi

this happens on all my computers not just 1 mt4 is current build

Kos,

Thank you for sharing. May your returns be a hundredfold. God Bless you.

Edd

Kos,
I've been testing your VQ indicator and I think I like it better then HAMA. It gets you in and out earlier. Good job!

PS; Maybe I was a little too quick on that analogy!

I'm trying to set up the VQ7 EA but I don't understand this...

I have to set up my T101 offline chart but the EA to a regular single pair chart in order to trade the basket? Could someone enlighten me please?

Put it like this: old indicator that made offline chart, you couldn't trade on the offline chart because it did not ACT like an online chart. Therefore, I had to make everything be "hard-coded" into EA or user input, like symbol name (##T101## was the original name), and not have to user input timeframe since timeframe for T101 chart is same as timeframe indicator that makes offline chart is put on.

So drop (I think it's Basketv6 that was posted is new offline chart from another thread started by a generous coder named John I think), then put trading EA on that offline chart.

BUT, IMPORTANT: If you are going to do M15/H4 strategy, you MUST have BOTH M15 AND H4 basket offline charts built, and those offline charts staying open ALWAYS. Whether using OLD OR NEW offline-basket-chart-creating indicator, you'll have e.g. GBPJPY M15 AND GBPJPY H4 AND BASKET M15 AND BASKET H4, THEN place TRADING EA on M15 online or M15 offline chart. (Note: same scenario for M1/M15).

So short:
OLD INDICATOR = CAN'T TRADE ON OFFLINE CHART.
NEW INDICATOR = CAN TRADE ON OFFLINE CHART.

Kind regards,

Don

For those interested...a more efficient VQ7 method and example usage.

zz,

SWEET! Thank you very much!

I can now tell (and so can anyone else wanting to test) just how much less memory and cpu usage this is vs iCustom. I am using a Macbook Pro 2008 with 2GB RAM. I'm setting up a multiple test using all currency pairs (figure it's a great test to run with one of the tools I've been building as hobby project - fun and no stress) to run in Win 7 using multiple RAM settings.

These test aren't for me really, since I run each MT4 in a WineSkin .app wrapper on my Mac (approx. 150 MB each "slim Windows"/Wine install with MT4). I just want to see how big the differences between calling the different indicators for all pairs each tick. If that won't test which one uses les resources, I don't know what will. Test on my Windows XP VPS, on Windows 7 VM, maybe Windows XP VM. But I can't install Lion in VM on my laptop since it requires min. 2GB and that's all I have. SO I'll run them in Wine for usage, speed comparison to not having "overhead" of full Windows install.

Also, would you recommend waiting until bar close (I guess the default Kos posted, since when calling it, it only shows arrows during M15 (I use M1/M15 for testing especially)?

Thanks again.

Kind regards,

Don

That VQ indicator is very inefficient - processing up to 10000 records for every tick. Combined with multiple iCustom calls in the EA...it is certainly a resource hog.

I attached a more efficient VQ indicator below as well. I stripped out lots of stuff that I was not interested in. Might be useful.

Looks like the EA is waiting until the UTF (M15) bar closes to see if there is a direction change. That's certainly the most conservative option (although it leads to some very late entries). Other options would be a little more aggressive, leading to earlier entries but more frequent reversals:

- Check for direction change of UTF VQ when chart bar closes (M1).
- Check for direction change of UTF VQ on every tick

Both of these options have positives and negatives. I would guess that the current option being used would perform better than the other 2 options.

Just be careful when using the original VQ7 or VQ indicators in MTF mode. Looks like it paints the arrows at the OPEN of the higher time frame bar, which, as previously mentioned, is not when the entries take place in the EA (close of the higher time frame bar).