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The Jesing Magic - Basket Trading

  • #81
  • Dec 12, 2018 8:52am Dec 12, 2018 8:52am
Quoting thedutchmen
Thanks for sharing your EA I`ve got a few questions, After de first first trades, 7 buys and 7 sells he will open 7 new trades ( when buy ore sell is bigger than €0,50 ) In my case ( demo account 5k ) it opens 0.24 ( is there a way to place smaller lotsizes ? ) You say : but profit after 3 to 5 days, but never loss your money, How can you say this? When there comes a trendreversal you can lose a lot of money in mij opinion ? Maybe i`m missing something ? Greetings and keep up with the good work Erwin
hello friend,

yes, after get trend buy or sell open real trend wise open trade, if you need lot size smaller, just go to input MMPercent ( it's basicly money managment as per your account size, if you get small lot size just it change to as per your need,

yes, i say profit after 3 to 5 day after, be course there full hedge positions, so you never loss money, but get profit after long time, (if you test it just open first 0.01 lot size 14 pair, after disable EA, just just see your DD or Profit )

- jesing
Always Feel Good...
  • #82
  • Dec 12, 2018 9:00am Dec 12, 2018 9:00am
Thanks Jesing for your answer

I`m testing it right now and till now it looks promissing.
Just one question : If i adjust tha MM percent ( lets say to 0.5 ) Do i also have to set totalprofitpercent lower (to 0.25 ) ?

Greetings
Erwin
  • #83
  • Dec 12, 2018 9:26am Dec 12, 2018 9:26am
Quoting thedutchmen
Thanks Jesing for your answer I`m testing it right now and till now it looks promissing. Just one question : If i adjust tha MM percent ( lets say to 0.5 ) Do i also have to set totalprofitpercent lower (to 0.25 ) ? Greetings Erwin

Money Management rules,


Lot size = (MMPercent/100)*AccountEquity() / REQUIRED MARGIN

MMPercent set on INPUT BOX,

large MMpercent, Large Profit Target

as per My calculation if you set MMpercent = 1.00 then Profit Target = 50% of your MMpercent ( means 0.50 ) so easily archive it,

- jesing
Always Feel Good...
  • #84
  • Dec 12, 2018 11:27am Dec 12, 2018 11:27am
Jesing,

Its actually looking pretty good came back from the drawdown and account is up now. looking good.
  • #85
  • Dec 12, 2018 11:35am Dec 12, 2018 11:35am
Quoting jesing
{quote} hello friend, yes, after get trend buy or sell open real trend wise open trade, if you need lot size smaller, just go to input MMPercent ( it's basicly money managment as per your account size, if you get small lot size just it change to as per your need, yes, i say profit after 3 to 5 day after, be course there full hedge positions, so you never loss money, but get profit after long time, (if you test it just open first 0.01 lot size 14 pair, after disable EA, just just see your DD or Profit ) - jesing
Hello jesing, I' m not sure if you never lose Money.

My demo account has 7 buy lot= 0,01, 7 sell lot= 0,01 and another 7 buy LOT= 0,04. So if the market is going to turn in direction extremely short I assume that my account is going to blow.

Am I right?
Best regards,
renko
  • #86
  • Dec 12, 2018 9:52pm Dec 12, 2018 9:52pm
Quoting renkotop
{quote} Hello jesing, I' m not sure if you never lose Money. My demo account has 7 buy lot= 0,01, 7 sell lot= 0,01 and another 7 buy LOT= 0,04. So if the market is going to turn in direction extremely short I assume that my account is going to blow. Am I right? Best regards, renko

i told your start EA, open just 14 order, after open 14th orders, disable EA, so not open other orders, now your see, your position will be hedge positions, try it,

- jesing
Always Feel Good...
  • #87
  • Dec 12, 2018 11:06pm Dec 12, 2018 11:06pm
Quoting renkotop
{quote} Hello jesing, I' m not sure if you never lose Money. My demo account has 7 buy lot= 0,01, 7 sell lot= 0,01 and another 7 buy LOT= 0,04. So if the market is going to turn in direction extremely short I assume that my account is going to blow. Am I right? Best regards, renko
Yes, one moment you will blow, there is smell of martingale.

Running EA on demo, I have had same type of ea before - I guess that is T101 basket trading, it was around and popular about 10 yrs ago.
Almost 20 pages discussion https://www.mql5.com/en/forum/180180, has been in FF too https://www.forexfactory.com/showthread.php?t=432773
F_ck your analysis, I know exactly where the market will go. To the right.
  • #88
  • Dec 12, 2018 11:25pm Dec 12, 2018 11:25pm
Quoting Taxi Driver
{quote} Yes, one moment you will blow, there is smell of martingale. Running EA on demo, I have had same type of ea before - I guess that is T101 basket trading, it was around and popular about 10 yrs ago. Almost 20 pages discussion https://www.mql5.com/en/forum/180180, has been in FF too https://www.forexfactory.com/showthread.php?t=432773

hello friend,

yes, you are right, it's slimier strategy, but i use anther idea use here, not use martingale, just direction wise open orders,

- jesing
Always Feel Good...
  • #89
  • Dec 13, 2018 12:15am Dec 13, 2018 12:15am
Quoting jesing
{quote} hello friend, yes, you are right, it's slimier strategy, but i use anther idea use here, not use martingale, just direction wise open orders, - jesing
But direction can change any time and sometimes rapidly. GBP is still one hot potatoe and there r 4 GBP pairs in a basket.
GU, GJ, EG buy, GCHF sell. If GU and GJ take off to some direction, what happens? If that is a 300 spike that turns around after less than 30 min, what happens?

Anyway, thank you for bringing strategy back to the radar. I run this EA on demo, so far so good. I consider a cent acc, because I remember this strategy making money. Until blow. It is not holy grain or infinite growth engine. But you might get a movie ticket and popcorn money out of it before acc bites the dust.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #90
  • Dec 13, 2018 1:32am Dec 13, 2018 1:32am
Quoting jesing
{quote} i told your start EA, open just 14 order, after open 14th orders, disable EA, so not open other orders, now your see, your position will be hedge positions, try it, - jesing
Hello Jesing, after EA is disabled, will the orders being closed aftre they reached the target?
  • #91
  • Dec 13, 2018 1:58am Dec 13, 2018 1:58am
Quoting renkotop
{quote} Hello Jesing, after EA is disabled, will the orders being closed aftre they reached the target?
I'll just jump in here to offer my 2 cents on what I think Jesing intended to show: I think he just wanted to set up a real time graphic of what this synthetic hedge does over time - nothing to do with how the robot trades since disabling the EA will stop any further action by it. The way I understand this robot to work is simply this: Based on opening a synthetic hedge using small lots (.01), the bot decides which direction the hedge is swinging then attempts to capitalize on that by opening bigger lots adjusting the buys and sells in favor of the direction the opening hedge is indicating. Even if the direction is wrong - over time it is highly likely that the synthetic hedge will return to equilibrium and even slightly plus (since this is all we need to get some profit) at which point it will close all positioins giving a small profit.
  • #92
  • Dec 13, 2018 2:13am Dec 13, 2018 2:13am
Quoting Telac
{quote} I'll just jump in here to offer my 2 cents on what I think Jesing intended to show: I think he just wanted to set up a real time graphic of what this synthetic hedge does over time - nothing to do with how the robot trades since disabling the EA will stop any further action by it. The way I understand this robot to work is simply this: Based on opening a synthetic hedge using small lots (.01), the bot decides which direction the hedge is swinging then attempts to capitalize on that by opening bigger lots adjusting the buys and sells in favor...
Hello Telac, do you know if the orders will be closed allthough the EA is disabled? i don' t think so....
Thanks for your info.
Best regards,
renko
  • #93
  • Dec 13, 2018 2:18am Dec 13, 2018 2:18am
Quoting renkotop
{quote} Hello Telac, do you know if the orders will be closed allthough the EA is disabled? i don' t think so.... Thanks for your info. Best regards, renko
No, they won´t be closed.
F_ck your analysis, I know exactly where the market will go. To the right.
  • #94
  • Dec 13, 2018 2:22am Dec 13, 2018 2:22am
Quoting renkotop
{quote} Hello Telac, do you know if the orders will be closed allthough the EA is disabled? i don' t think so.... Thanks for your info. Best regards, renko
No, once you disable the EA the trades will remain open. I think he just intended to show what this hedge looks like over time if you leave the trades open. It will swing back and forth from negative to positive profit or loss. I guess the only way it could go wrong would be if you entered the trade at the extreme outer limits of where the hedge swings over time. Not sure what kind of information the indicator uses - if it just acts on what it sees at the moment and does not consider any history or?? For me it would be best if the indicator had some sort of look-back period so that it's decision takes into account where the hedge is in relation to past extremes from the equilibrium. Perhaps it looks at this, I don't know. However the idea here looks quite interesting.
  • #95
  • Dec 13, 2018 2:24am Dec 13, 2018 2:24am
Quoting Taxi Driver
{quote} No, they won´t be closed.
Hello Taxi,
thank you.
  • #96
  • Dec 13, 2018 3:51am Dec 13, 2018 3:51am
Quoting renkotop
{quote} Hello Jesing, after EA is disabled, will the orders being closed aftre they reached the target?

hello,

not close, be course EA is disable, i just talk to 14 pair hedge position,
Always Feel Good...
  • #97
  • Dec 13, 2018 3:54am Dec 13, 2018 3:54am
Quoting Telac
{quote} No, once you disable the EA the trades will remain open. I think he just intended to show what this hedge looks like over time if you leave the trades open. It will swing back and forth from negative to positive profit or loss. I guess the only way it could go wrong would be if you entered the trade at the extreme outer limits of where the hedge swings over time. Not sure what kind of information the indicator uses - if it just acts on what it sees at the moment and does not consider any history or?? For me it would be best if the indicator...
hello friend,

here not any use indicator, just 14 pair open trade, 7 buy side, 7 sell side, after open EA calculate where market go, if buy side get profit then as per money management input, open other 7 buy orders open, if target profit hit then close all positions, simple..

- jesing
Always Feel Good...
  • #98
  • Dec 13, 2018 5:41am Dec 13, 2018 5:41am
Quoting jesing
{quote} hello friend, here not any use indicator, just 14 pair open trade, 7 buy side, 7 sell side, after open EA calculate where market go, if buy side get profit then as per money management input, open other 7 buy orders open, if target profit hit then close all positions, simple.. - jesing

Understand, I just meant that you are using the initial 14 pairs opened as the indicator. But you did answer 1 of my questions. You are only looking at real time current move of the initial 14 to determine which way to open the next 14. I think it would be more safe if you could look back just to be sure the hedge is not at an extreme. Also, I'm sure there would be a way to code the EA so that the first 14 trades would not need to actually be opened to determine which way to open the real trade. This way you would save spread, commission as well as the pips lost if the initial group was opened the wrong way.

I followed all the T101 threads and there are many ways to do this without having to actually open trades.... however, I'm not a programmer so have no idea how it's done.

Love your idea!
  • #99
  • Dec 13, 2018 6:08am Dec 13, 2018 6:08am
Quoting Telac
{quote} Understand, I just meant that you are using the initial 14 pairs opened as the indicator. But you did answer 1 of my questions. You are only looking at real time current move of the initial 14 to determine which way to open the next 14. I think it would be more safe if you could look back just to be sure the hedge is not at an extreme. Also, I'm sure there would be a way to code the EA so that the first 14 trades would not need to actually be opened to determine which way to open the real trade. This way you would save spread, commission...

ok, i talk about how to work EA,

1) here 7 pair buy ( USDCHF, EURGBP, NZDUSD, GBPUSD, EURJPY, AUDJPY, GBPJPY )
7 pair sell ( AUDUSD, EURUSD, NZDJPY, GBPCHF, CHFJPY, EURCHF, USDJPY )
total 14 pair ( almost hedge positions )

2) EA start then open all pair with lot size 0.01
3) EA calculate buy profit and sell profit ( see on display also on chart )
4) if buy side profit more then 0.50 $ ( as per input wise AfterOpen : 0.50 ) open more 7 buy orders as per money management calculation lot size
same as sell side if sell profit more then 0.50 $ open more 7 sell orders as per money management calculation lot size

5) if total account profit more then Profit target ( it' also on input but here % wise % of account balance ) close all positions

i hope got it, how to work EA,

- jesing
Always Feel Good...
  • #100
  • Dec 13, 2018 6:12am Dec 13, 2018 6:12am
Quoting jesing
{quote} ok, i talk about how to work EA, 1) here 7 pair buy ( USDCHF, EURGBP, NZDUSD, GBPUSD, EURJPY, AUDJPY, GBPJPY ) 7 pair sell ( AUDUSD, EURUSD, NZDJPY, GBPCHF, CHFJPY, EURCHF, USDJPY ) total 14 pair ( almost hedge positions ) 2) EA start then open all pair with lot size 0.01 3) EA calculate buy profit and sell profit ( see on display also on chart ) 4) if buy side profit more then 0.50 $ ( as per input wise AfterOpen : 0.50 ) open more 7 buy orders as per money management calculation lot size same as sell side if sell profit more then 0.50...

Yes, this is the way I was thinking it worked. Thx
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