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Trading Dashboard For Currency Basket Trader (EA) 33 replies

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Dashboard Trading

  • #5,801
  • Aug 7, 2015 2:26pm Aug 7, 2015 2:26pm
Quoting Hotpotato
{quote} And GAP/strength direction automated.... And wile i am busy adjustable settings for each of course.
HP i don't want you to over-work. As for reversal, i am not using any other thing except bid ratio and ratio. so adding range option will be enough.
  • #5,802
  • Aug 7, 2015 2:30pm Aug 7, 2015 2:30pm
Will do Maria.

And i will close my baskets to nothing to gain anymore on a Friday evening.
Done trading.
Haven't looked at them since i set them up 1 hour before LO.

Basket selection purely based on Strength and Direction.
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info@metacharttools,com
  • #5,803
  • Aug 7, 2015 2:38pm Aug 7, 2015 2:38pm
Quoting Hotpotato
Will do Maria. And i will close my baskets to nothing to gain anymore on a Friday evening. Done trading. Haven't looked at them since i set them up 1 hour before LO. Basket selection purely based on Strength and Direction. {image} {image}
  • #5,804
  • Aug 7, 2015 2:51pm Aug 7, 2015 2:51pm
Quoting Hotpotato
{quote} Thanks, but your dashboard is a piece of art also !

if it is used for the manual, you probably can add more useful information, Brother Hopotato ....
but, if it is used for auto. This problem is not too important.
another idea, brother....
keep working like that. Hotpotato ...

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Regard, Ding Dong
  • #5,805
  • Aug 7, 2015 3:00pm Aug 7, 2015 3:00pm
HP you're amazing.

Just do not forget to put, BE and TS by ADR.

BE = 1% ADR
TS = 3% ADR
Just as an example for the standard

TP = 5% ADR
STOP = 20% ADR

I believe that placing BE and TS, TP can increase to 10% or even more.

Will rest a little friend.
  • #5,806
  • Aug 7, 2015 3:00pm Aug 7, 2015 3:00pm
Quoting Marialuiza
{quote} HP i don't want you to over-work. As for reversal, i am not using any other thing except bid ratio and ratio. so adding range option will be enough.
Yes, this is good Maria.........
keep it simple..........
Regard, Ding Dong
  • #5,807
  • Aug 7, 2015 3:01pm Aug 7, 2015 3:01pm
Quoting Marialuiza
{quote} HP i don't want you to over-work. As for reversal, i am not using any other thing except bid ratio and ratio. so adding range option will be enough.
Maria
I am only interested in manual trading on a demo or live account. Do you think there is enough information on the dash to do that now or should there be more? I would like to grow my account by 20% a month and take as few trades as possible. I want to be able to trade like you, Jibala and Ding Dong do. You guys really know what you are doing. Thanks.
  • #5,808
  • Edited 4:27pm Aug 7, 2015 4:16pm | Edited 4:27pm
Quoting Marialuiza
Since yesterday NY, Total Trades: 75 Trades. Winning Trades: 73 Loosing Trades:2
Entry rule: Enter sell above bid ratio 97,98,99 or 100 when range above 75 NY session, TOKYO SESSION
Enter buy above bid ratio 3,2,1 or 0 when range above 75 NY session, TOKYO SESSION
Enter Buy When range 40 to 70 , bid ratio above 75 to 95 , gap direction up, strength direction up TOKYO SESSION, LONDON SESSION
Enter Sell When range 40 to 70 , bid ratio below 25 to 5 , gap direction down, strength direction down. TOKYO SESSION, LONDON SESSION
Tokyo session: Reversal and Strength Both
London Session: Only strength based entries with range from 40 to 70
NY Session: Only reversals...
Is this what you meant? Sorry for being so straightforward. Also just wondering shouldn't it there enter buy BELOW bid ratio 3,2,1 or 0?
Just simply asking
The only thing that will make us successful is if we can control ourselves!
  • #5,809
  • Aug 7, 2015 4:24pm Aug 7, 2015 4:24pm
Quoting Hotpotato
{quote} I will probably have a free hour tomorrow.
Hi HP,

My bad that I was virtually offline throughout Friday when the JibalaPasan Index issue was brought up.

I tried explaining to you earlier the need to have the three rows of the jojo_ spreadsheet visible on the dashboard as this serves a lot of visual purpose.

JibalaPasan's Index checks for how many pairs of that currency meet up with the filters the user has set in the EA which is great. However, the second row the jojo_strength_1.1.xlsx in my Post 5,243 spreadsheet does something similar but more to do with the strength of the currencies and the overall directions of the pairs that make up that currency.

More visually appealing is knowing that out of 7 I have 5 of the pairs of that currency moving in one direction, this reinforces my confidence to take that trade in the direction those five are going in. When all three columns point in the same direction and same color... you are very much good to go all the way.

I know we are talking of stopping further additions to the EA but in my honest opinion, replicating that jojo_strength_1.1.xlsx spreadsheet on the dashboard will be pretty damn handy for both manual and auto trades.

The importance of this can be judged by the struggle of most users of the spreadsheet in the 00 trading thread to replicate that part of NASAP strength meter display.

Just my thoughts... but really hoping you will concede to my request.

Regards.
  • #5,810
  • Aug 7, 2015 8:20pm Aug 7, 2015 8:20pm
Nice indicator, thanks for sharing, I love how it gives you a glance of the intire market,
but I think a great imrovement would be to show the trends too,
now it just show if price is above or below a moving average if I understod it correctly,
but there is no telling if the trend really is up, with higher highs higher lows etc.
this would be very valuble I think, Im no coder my self but maybe someone can implement something like that?
I have seen some Tradestation indicators like that, but I have no clue if it's possible in Mt4.
if it isn't then maybe time can be used, if price have been above a ma for a period of time,
then maybe it would be safe to assube the trend is up? Cheers
Bulls are stupid Animals!especially when Im short!
  • #5,811
  • Aug 7, 2015 9:40pm Aug 7, 2015 9:40pm
Quoting pipdripper
{quote} Hi HP, My bad that I was virtually offline throughout Friday when the JibalaPasan Index issue was brought up. I tried explaining to you earlier the need to have the three rows of the jojo_ spreadsheet visible on the dashboard as this serves a lot of visual purpose. JibalaPasan's Index checks for how many pairs of that currency meet up with the filters the user has set in the EA which is great. However, the second row the jojo_strength_1.1.xlsx in my Post 5,243...
I have a strong conviction that anything we can do to replicate NASAP results will benefit everyone involved. Not sure how that works out in the dash. I have been looking to Jibala for guidance/clues. The dash, used at proper times, under the correct conditions, has already been very useful. Going back to earlier in the month, I remember Jibala saying the fact that it took many of the trades she took manually meant 'the logic is almost fully implemented'. This is good. Hope everyone has a restful weekend. Thanks to all. -Jason
  • #5,812
  • Edited Aug 8, 2015 2:08am Aug 7, 2015 9:49pm | Edited Aug 8, 2015 2:08am
Quoting Hotpotato
{quote} It is my pleasure to help you all but i can't stop wondering how you all are going to trade this thing on a real account.... You need very large accounts to keep up with the margin requirements, the DD's and all for a bit of profit. But he, it is interesting and it keeps me of the street.
The final goal may be to push a button and let it trade 24hrs a day. However, if you let it catch about 4-6 early trades in a session, turn it off, and let the trades play out, the early strong pushes of daily bid ratio beyond the 10-15pip zone of DO have been mostly winners for me all week (given your TP isn't beyond 10% ADR). It won't take too huge an account to run a few trades and slowly build . . . Letting the EA take 15-25 trades and go into DD is another story.
HP, thanks again for your time. Time is possibly our most prescious resource. -Jason
  • #5,813
  • Aug 8, 2015 1:28am Aug 8, 2015 1:28am
Quoting bapakjason
{quote} I have a strong conviction that anything we can do to replicate NASAP results will benefit everyone involved. Not sure how that works out in the dash. I have been looking to Jibala for guidance/clues. The dash, used at proper times, under the correct conditions, has already been very useful. Going back to earlier in the month, I remember Jibala saying the fact that it took many of the trades she took manually meant 'the logic is almost fully implemented'. This is good. Hope everyone has a restful weekend. Thanks to all. -Jason...
The main problem of all those dashboards compared to the one of nasap is, they all work with static filters while nasap uses flexi filters! What does it mean exactly? The market is very dynamic, there are a few scenarios we see almost every day. Strong, weak, choppy and ranging! How to make a bot (ea) deal with it? Almost every day we have an average strength of the entire market, hence entries are done easily by just following the rules / filters. But market also can become stronger, filters need to be adjusted slightly! Also wenn market becomes weaker or is ranging even, filters need to be adjusted that not unexpected an order will be send. She has mentioned many times already that all power comes from strength & correlation. Don't ask me how she did it, she keeps it as her secret. All I know she uses many algorithms, almost for each filter.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #5,814
  • Aug 8, 2015 1:39am Aug 8, 2015 1:39am
Quoting Marialuiza
{quote} HP i don't want you to over-work. As for reversal, i am not using any other thing except bid ratio and ratio. so adding range option will be enough.
Accordingly to the rules you have mentioned as entry criterias for a reversal trade, we currently see

AUDCAD = R - SELL
AUDCHF = R - SELL
AUDUSD = R - SELL
CHFJPY = R - BUY
GBPAUD = R - BUY

Without the knowledge of highs / lows & SR zones it's very risky to follow blindly those signals! I strongly recommend to use charts for an analyse before entering a reversal trade.

Anyway good idea indeed!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #5,815
  • Aug 8, 2015 2:12am Aug 8, 2015 2:12am
Quoting JibalaPasan
{quote} The main problem of all those dashboards compared to the one of nasap is, they all work with static filters while nasap uses flexi filters! What does it mean exactly? The market is very dynamic, there are a few scenarios we see almost every day. Strong, weak, choppy and ranging! How to make a bot (ea) deal with it? Almost every day we have an average strength of the entire market, hence entries are done easily by just following the rules / filters. But market also can become stronger, filters need to be adjusted slightly! Also wenn market...
You have been very gracious in helping gvc/hotpotato and others move this Dash in a good direction. We are all grateful.
  • #5,816
  • Aug 8, 2015 2:57am Aug 8, 2015 2:57am
Quoting JibalaPasan
{quote} Accordingly to the rules you have mentioned as entry criterias for a reversal trade, we currently see AUDCAD = R - SELL AUDCHF = R - SELL AUDUSD = R - SELL CHFJPY = R - BUY GBPAUD = R - BUY Without the knowledge of highs / lows & SR zones it's very risky to follow blindly those signals! I strongly recommend to use charts for an analyse before entering a reversal trade. Anyway good idea indeed! Jibala
thank you very much for repeating. I already posted many pages before but maybe they listen to you more, if the EA could be able to read a zigzag (in two TF?) to detect SR SD zones. I would also love to see some filter based on volume.
If it is to complex or difficult for the dash EA could it give the signal buy/sell to a second EA witch may look for the better entry point? also SL and TP should not a fixed pips but chosen with SD zones
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #5,817
  • Aug 8, 2015 3:11am Aug 8, 2015 3:11am
Quoting Hotpotato
Will do Maria. And i will close my baskets to nothing to gain anymore on a Friday evening. Done trading. Haven't looked at them since i set them up 1 hour before LO. Basket selection purely based on Strength and Direction. {image} {image}
Hi HP
how does that what they've got in the picture
Have you maybe Tpl for
  • #5,818
  • Aug 8, 2015 3:27am Aug 8, 2015 3:27am
great theads with full of great dash board.i have request ..actually i collect it from net and it interested me lot .i need a dash board which is check Tf 1h/4h/d....shows pair above/bellow 200 sma(like above/below under water) and may be give green/red arow or right /cross sign .i am giving all words by original auther bellow for better understand :

Here’s what has worked for me…
I use a 4 hour chart with a 200 SMA on it. On a sheet of paper, a legal pad or an Excel spreadsheet, I list the currencies (not the pairs but the currencies themselves) in a vertical column. For example, EUR, USD, CHF, etc.
Now, let’s say the pair in question on the 4 hour chart is the EURUSD. If it is trading above the 200 SMA that means that the EUR is stronger than the USD at that point in time. I make a note of that next to the EUR and the USD in the vertical column…EUR gets an up arrow and the USD gets a down arrow. Then I go to the next currency and go through the same process. (All in all I bring up about 28 pairs on the charts each day before the open of the New York session and it takes less than 15 minutes.)
When I am done with the above process, I tally all the “up arrows ” and “down arrows” (as you can tell, I am VERY high tech!) for the EUR against the other currencies and then I can tell where the EUR ranks strength-wise relative to each of them. For example, if the EUR has 5 up arrows and 2 down arrows and the JPY has 3 up arrows and 4 down arrows, that means that the EUR, overall, is stronger than the JPY. (It doesn’t get much more simple than that!) When I have all the currencies in which I am interested evaluated in this way, I then have an overview of how they all relate to each other based on strength/weakness.
Next, I match the strongest with the weakest and go to the charts and look for a technical reason, such as a break of support or resistance, to enter the trade in the direction of the trend. A pair that has a strong currency paired against a weak currency would be a candidate for a buy in a Daily uptrend. On the other hand, a weak paired against a strong would be a candidate for a sell in a Daily downtrend.
As far as the pairs that I personally look at, I run this analysis on all combinations of the following currencies: USD, EUR, GBP, JPY, AUD, NZD, CHF and CAD.
The process is very basic, straightforward and quite boring – but it works.
As a side benefit, while I am going through the process of checking the 4 hour chart on each pair, I really get a sense for what is going on in the market at the time. And that information serves me well as the trading day progresses.
Sidebar: If you are a shorter term trader, you can follow exactly the same process on a shorter time frame chart.
Say something meaningful or Silence!!
  • #5,819
  • Aug 8, 2015 3:51am Aug 8, 2015 3:51am
Quoting Bernhard
{quote} thank you very much for repeating. I already posted many pages before but maybe they listen to you more, if the EA could be able to read a zigzag (in two TF?) to detect SR SD zones. I would also love to see some filter based on volume. If it is to complex or difficult for the dash EA could it give the signal buy/sell to a second EA witch may look for the better entry point? also SL and TP should not a fixed pips but chosen with SD zones
as an alternative, EA could do limit order (valid for 1 hour) on SD with SL below/above. possible we could miss a trade but we have better entry and better win chance and RR.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #5,820
  • Aug 8, 2015 5:00am Aug 8, 2015 5:00am
Quoting dagoods
{quote} my understanding is this: IF you have high correlation on two pairs...they are moving together but not perfectly ...so, that is to say they are moving in a cycle.... then all u need do is wait for the two pairs to move out of synch a little bit , bottom of the cycle, then start to move together again...when they are starting together again, you get into a trade so for example if eu and ej are highly correlated today: then you see both have strength gaining, you trade it...simple its timing based on the money flowing into the market @ HP...
usd and jpy synch....like that...???
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Regard, Ding Dong
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