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Attachments: Basket Trading EA
Exit Attachments

Basket Trading EA

Quoting allisonmagic
Here's a little tip for you guys trading baskets with seller's EA : Use a 1h or 4h TF for trading, you'll notice a lot less noise and have a better chance of being profitable over time. Enjoy that one, and Happy Pipping to all
Higher timefrates might be more peaceful, but if you want a lot of forward testing, you have to got with lower ones. Higher timeframes get you too little entrances, aspecially if you are trading 1 or 2 baskets.

Im running 17 single pairs at m30 and 6 baskets at m15, and im lucky to have 2-3 entrances a day, combined.

Also running LME metals (zinc, copper, alu, nickel, lead) on 5-15m. and i should tell you, those move so smooth that not making money on them is a sin. I'm lucky my broker has those CFDs.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
Quoting allisonmagic
Here's a little tip for you guys trading baskets with seller's EA : Use a 1h or 4h TF for trading, you'll notice a lot less noise and have a better chance of being profitable over time. Enjoy that one, and Happy Pipping to all

Im in total agreement for the use of the higher TF, im using the Dailys and im having very good results, also the 4hr is very good as well.
I find that the entries are very good, it is always the exits that cause problems.

hello!
Can anyone explain why the indicator I_XO_A_H repainted?
In the first picture not updated my indicator about 10 hours
and in the second picture was updated shortly before posting.

First Picture:
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets as.png Size: 95 KB


Second Picture:
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets as2.png Size: 94 KB
Quoting janm
{quote} Hello You have a 5 digit broker u can forget de last digit your profit was 17.3 pips not 173 pips The EA uses real pips you have it on 150 pips if you have set it to 15.0 take profit was hit. I hope you get it.
Can you please take a look at this screenshot below. I set TP and SL as you suggested, but it still does not activate. Is there any problem i might have missed?

Attached Image (click to enlarge)
Click to Enlarge Name: TP.jpg Size: 499 KB
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
Quoting allisonmagic
Here's a little tip for you guys trading baskets with seller's EA : Use a 1h or 4h TF for trading, you'll notice a lot less noise and have a better chance of being profitable over time. Enjoy that one, and Happy Pipping to all
After a few weeks with 15M time frame, I now agree that higher time frame will be better in getting more out of this EA, lower time frame can get you in much earlier into trades, but the problem I found is that you can also loose alot fair quickly due to reversals which is usually within few candles unless you are in a very good trend that moves up rapidly before retracements. I am going to the 1hr time frame definately from next week and then maybe the 4hr time frame. LESS IS MORE......
Look to the LEFT of your CHART.....
Quoting saklas
hello! Can anyone explain why the indicator I_XO_A_H repainted? In the first picture not updated my indicator about 10 hours and in the second picture was updated shortly before posting. First Picture: {image} Second Picture: {image}
Hey, is this happening frequently? I have no seen a single instance of XO repainting, so the problem is somewhere on your side.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
Quoting saklas
hello! Can anyone explain why the indicator I_XO_A_H repainted? In the first picture not updated my indicator about 10 hours and in the second picture was updated shortly before posting. First Picture: {image} Second Picture: {image}
check to make sure your offline charts are updating correctly, as prevoiusly been discussed in the meetings I have attended so far, some people do experience chart freeze which means that your indicators would not have been correct until the updates happened. One simple way to check if your chart is frozen is to look at the price on your offline chart. If this does not move up or down then your chart is definately frozen. you will need to go to open your basket create indi and then click ok, this should force the chart to update. Alternatively save chart template, close chart and reopen it. it should have the updated version and then apply your chart template to get your chart set up as before it was closed. Hope this helps
Look to the LEFT of your CHART.....
Quoting mikeimas
{quote} check to make sure your offline charts are updating correctly, as prevoiusly been discussed in the meetings I have attended so far, some people do experience chart freeze which means that your indicators would not have been correct until the updates happened. One simple way to check if your chart is frozen is to look at the price on your offline chart. If this does not move up or down then your chart is definately frozen. you will need to go to open your basket create indi and then click ok, this should force the chart to update. Alternatively...
+1 to this
Quoting mikeimas
{quote} check to make sure your offline charts are updating correctly, as prevoiusly been discussed in the meetings I have attended so far, some people do experience chart freeze which means that your indicators would not have been correct until the updates happened. One simple way to check if your chart is frozen is to look at the price on your offline chart. If this does not move up or down then your chart is definately frozen. you will need to go to open your basket create indi and then click ok, this should force the chart to update. Alternatively...
If you look closely at the pictures you will notice that those pictures are not made on a basket chart. It's a single pair EURCAD timefrafe H1. So the question why XO repainted?
I've made some test on single pair timeframe M1 and i'm sure that XO repainted. Can someone put the indicator in a single pair chart timefreame M1 with box size = 1; and after a while save picture after refresh and before refresh.
I'm in a long C5 since 250 pips, based on H4 chart and want your opinions. Stay in over the weekend, its a riskless trade, or take out the profit and wait for a new entry .... hrm.
No demo, real money. So its not a game, its a sony. TSL is 70 pips behind but that do not protect against gaps.

Any useful reasons to stay in or get out? H4 entrys are not so many to find...


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB



Edit: 15 minute chart convienced me to get out and have a riskfree weekend.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.gif Size: 45 KB


Have a nice weekend.
Markus
what about setting a trailing stop?
Have a nice day
Quoting doerpn
what about setting a trailing stop?
Has been a trailing stop, around 70 pips behind. But I'm not willing to give 70 of 250 pips away. And for some gaps it could be even more, cause we do not have stoploss in the brokers system.
Right now, the exit has been ok. No price action anymore and I expect a reversal after this move today. We'll see.
Quoting steadyincome
{quote} Im in total agreement for the use of the higher TF, im using the Dailys and im having very good results, also the 4hr is very good as well. I find that the entries are very good, it is always the exits that cause problems.

Yup ! I like your trading style, i hope i can get my account big enough to handle the Dailys too
Quoting Das Ist Gut
{quote} Higher timefrates might be more peaceful, but if you want a lot of forward testing, you have to got with lower ones. Higher timeframes get you too little entrances, aspecially if you are trading 1 or 2 baskets. Im running 17 single pairs at m30 and 6 baskets at m15, and im lucky to have 2-3 entrances a day, combined. Also running LME metals (zinc, copper, alu, nickel, lead) on 5-15m. and i should tell you, those move so smooth that not making money on them is a sin. I'm lucky my broker has those CFDs.

well that's just it. you make more money over time, not within the 3 dozen trades you make in a day. if you take it slow and wait for a position, you will have longer lasting, more profitable trades.
Quoting mikeimas
{quote} After a few weeks with 15M time frame, I now agree that higher time frame will be better in getting more out of this EA, lower time frame can get you in much earlier into trades, but the problem I found is that you can also loose alot fair quickly due to reversals which is usually within few candles unless you are in a very good trend that moves up rapidly before retracements. I am going to the 1hr time frame definately from next week and then maybe the 4hr time frame. LESS IS MORE......

yes, if you like scalping you should be on a short time frame, but profits come and go very fast. if you are wrong 7 times out of 10, your screwed lol. i trade the 4h TF's now with seller's EA because it's more stable and profitable over time.
Hey guys, i know this is forex factory and you guys like to praise anyone who has an opinion.. but seriously, leave that hero worship crap at the door. let's do some real analysis.


have a nice weekend !
Quoting x58
{quote}Look picture. Right side American girl made too much money trading Forex. Do you want make that much too or.....??
just saw this now

edit: maybe i can add to the joke by saying america invented crack to remedy the problem, but european crack is much nicer (i'm from canada, home of rob ford)
Quoting mpillmann
I'm in a long C5 since 250 pips, based on H4 chart and want your opinions. Stay in over the weekend, its a riskless trade, or take out the profit and wait for a new entry .... hrm. No demo, real money. So its not a game, its a sony. TSL is 70 pips behind but that do not protect against gaps. Any useful reasons to stay in or get out? H4 entrys are not so many to find... {image} Edit: 15 minute chart convienced me to get out and have a riskfree weekend. {image} Have a nice weekend. Markus
you bought all pairs?when?
Quoting allisonmagic
{quote} Yup ! I like your trading style, i hope i can get my account big enough to handle the Dailys too


I have a cent account, but I only count the pips, and banking pips over a long period, the cents build up very fast, but I reintegrate getting into a winning trade is quite easy using the BT, it is the targets and when to exit the trade is a problem.
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