Here is my current setup. All seems to be working fine.
Eddie
Eddie
Basket Knights - A Basket Trading Round Table 1,311 replies
BASKET TRADE Management: Using multiple trade management EA's on basket trades 9 replies
Trading System Using Relative Strength-Part 2 1,499 replies
Trading system using relative strength 2,810 replies
My version of a relative strength basket 2 replies
DislikedI tested v9b using FXOPEN standard account
Balance $30.000, open 0,1 lot
Trading YEN, EUR, USD, GBP Basket
But my result is minus
My setting is
Basket TP $2000 because I want to let it run
Basket SL $500
Jumping Stop $300
Basket add BEP = True
basket Break Even Point = $150
85 / 15
retrace distance 5Ignored
DislikedI change the setting
Basket TP $300
NO Basket SL
NO Jumping Stop
Basket add BEP = False
85 / 15
retrace distance 5
Result is improving but have high ddIgnored
DislikedHey Steve, I’m not sure how Brokers detect if a trade was initiated by an EA or Manual, maybe from Comment being in the OrderSend function so was wondering if you can make the OrderSend comment an extern command so we could leave it blank if we wanted to. Thanks manIgnored
DislikedPreventing DD.
One way (apart from Basket strength/weakness) is to check the following for each symbol within the basket before placing the trades.
BUY
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)>iCCI(symbol,0,20,PRICE_TYPICAL,0))
or
SELL
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)<iCCI(symbol,0,20,PRICE_TYPICAL,0))Ignored
DislikedPreventing DD.
One way (apart from Basket strength/weakness) is to check the following for each symbol within the basket before placing the trades.
BUY
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)>iCCI(symbol,0,20,PRICE_TYPICAL,0))
or
SELL
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)<iCCI(symbol,0,20,PRICE_TYPICAL,0))Ignored
DislikedSteve.
The CCI in my opnion is one of the better (if not the best) SYMBOL indciators to gauge trend/strength.
if basket is oversold i.e. < 20 then check each currency with:
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)>iCCI(symbol,0,20,PRICE_TYPICAL,0))
so we would be buying EURXXX and selling XXXEUR
if basket is overbought i.e. > 80 then check each currency with:
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)<iCCI(symbol,0,20,PRICE_TYPICAL,0))
so we would be selling EURXXX and buying XXXEUR
Hope that makes sense.Ignored
QuoteDislikedBy the way, did you see my post about EA trying to send strange currency orders. i.e. EURAUD1, AUDCHF1, AUDJPY etc..
symbol = StringConcatenate("USDJPY", PairSuffix); bool TradeExists = CheckIfTradeAlreadyExists(symbol, OP_BUY, JpyWeakMagicNumber); if (!TradeExists && TradeUSDJPY && MarketInfo(symbol,MODE_SPREAD) <= MaximumSpread) { int ticket = OrderSend(symbol,OP_BUY, Lot, MarketInfo(symbol,MODE_ASK), 10, NULL, NULL, JpyTradeComment, JpyWeakMagicNumber, 0, CLR_NONE); if (ticket > -1) JpyWeakTradesSent++; }