Another Basket EA

I am presently working on a different approach to a Chop or Range filter, shown below will be what it will look like. You will be able to set the amount of chop you will tolerate before taking a trade, this is something I will need to gather data on to come up with a good number to use here.
I will need a few weeks to test it as I need to gather data and for that I need a market going through various phases, I will then graph the Chop Number and compare it to the actual PA and see if there is any confluence.
If it works good it may replace the pip filter.
It will not be able to catch the entry to chop, as I don't think anyone can do that, but once the chop is started it should keep you out of trades until the chop is cleared.

The bar graph will show red to the left if the PA has a downward bias chop and green to the right if the PA has a upward bias chop. It will show yellow when it is within your no trade chop range you have set, in this case it was +-50 pips. So you can see we are outside the chop range with a down side side bias with 2 red bars, the chop reading at this time is -89 (below -50), as shown on the top of the graph.

Post #238 update:

This is where the short trade in post #238 is at, if this were a live account I would move the SL down closer to the HAS but still above it.

seller9, thanks for posting v4....

Could you pls share more details how you are going to evaluate / measure chop ...

Mop

Hello Seller9,
All i have to say is that you don't need to listen to the NEGATIVE minded traders who run around the FORUM looking for HOLY_GRAIN.
IF i can remember again, when the development of this EA start we all agree to DEMO and report back to the developer ( MR SELLER9) of any problem we may observe. Why? now some traders is talking bullshit about the EA which is just some few weeks old?.
Please keep your mind set on the Marvelous job you started don't be discourage by LONELY MINDED PEOPLE.
KUDOS TO YOUR ALL =KOS,GVC, SELLER9 and to all POSITIVE Contributor to this wonderful thread.
PLS if you have nothing to offer just stand aside and look or follow if you so wish.

Thanks seller9, have had this loaded & running since you posted it.

Noticed last night I had lots of indication arrows on the screen. I think they are the 5min indications on H1 chart. Halted the ea and F7 etc to switch off their display. After restart, the arrows still show.
So halted again and removed ea.
Arrows still around - oops ?

Will remove them manually and reload ea with the 5min indications on H1 switched off. See how it goes.

On the trading side, well not good at all. Ranging market is a killer. Will up the filter a little, as I had been trying it below your 200 recommendation.

cheers scalpz

need assistance, looks to me that the EA had to open shorts, can someone see why it did not?
thanks.

I am trying something a little different, after looking at some charts and comparing the HAS to the Coral I decided to try replaceing the HAS with the Coral and see how they would compare. To early to tell so far, but using the same settings for both, below is what has happened so far when the last trade was opened by both. Of course you may be able to tweak the HAS 2 15 2 15 settings to get a closer match to the Coral. When looking at some charts the Coral looked to be a little smoother going through the chop, with just a few less direction changes so less whip saws.

Another thought was when oppening a basket trade in the direction of the basket and there may be a pair or two moving in the oppostie direction, why not reverse the ones that are going against the direction of the basket, this would be easy to add as a selection so it would be automatic, I will also be testing this, I will try the H1 as the direction indicator for each pair.

Seller9 thank you

Mr formatter,
the fact that you failed many years ago with those conditions does not mean you should not try other conditions that would work, your personal experience to trade HA without SL and tiny lots and to wait for months to hit that tiny TP is rubbish and just shows what kind of trader you are, lazy trader. The person who taught you gave you the 6.3.3.4 settings it failed and you refused to explore other settings, and you come out here to condemn a whole thread.

It may interest you to know that based on that HA that is not working for you, I have scooped about +2050 pips, on 15min TF of EURAUD alone from the Dec 17 till now (2 months). it even survived this choppy times.

A guy wrote an indicator that could backtest without using the mt4 backtester and I sat down for very long hours changing the settings starting from 2.150.2.150 down to 2.5.2.5 over a period 2 years data, and eventually at a particular settings the result was very good. I left it for 2 weeks and I came back and performed same tests allover again and the result was the same.

on Dec. 17th I whipped up a single pairs EA for it, loaded it on a vps and left it there on EURAUD, Hear this I just withdrew good $$$ from that account.

If you cannot work, stop discouraging people who are working, by telling them it cannot work simply because you cannot make it work. I would have given you this settings as a gift but no food for lazy man, by the way you already concluded that HA cannot work so there is no need anyway.

@Seller9
carry on friend you are on the right path, you are not wasting your time, you are adding value to other people's life. Don't let anyone discourage you.

kos

True words of wisdom Kos - Great post!

GG

For those who want to do some backtesting

with different settings and currency pairs try

this indicator.

The pairs and the weigths must be the same number, for example: pair:GBPJPY,AUDJPY,AUDUSD
weights: 1,1,1

http://www.forexfactory.com/showthre...40#post6178440

Update to post 248:

The HAS 2 15 2 15 and the Coral I was comparing in post #248 have closed so here are the results below, fairly close in the results with the same MM settings.

First Page Update;

You may want to go back and check out the first page as I have made some changes to it.

I will also be updating it from time to time to keep everyone informed as to what is in the pipe line.

Good Luck

EA v3 and v4 Update;

For those of you testing the EA on several accounts I have added code to the EA so when you use the "HOT KEYS" they will only activate your command for the active window.

Here are updated version 3 and version 4 EAs.

hello dear friend, i want to say thank you for your great job and effort and also thank you for your great knowledge that you are sharing with every one,keep going,your system is great and we are all supporting you.
regards

Not much going on, all we can do is wait for the train to pull out of the station.

Good Luck

Hi Seller9,

I have been testing Kos basket system for a well now I would like to find out something from you with your EA I am using it manually with great success it is really "Kis" your alert system that you have on you EA what alert does it send.

EML="- - - - - - email must be set up in MT4 - - - - - -";
SendEmail = false;
AlarmSoundOn = false;

Looks like I got one trade last night, a short one, it made a profit and then was closed out by BE as can be seen by the log.

Will wait now and look for a possible re-entry.