Basket 14 EA System

make it close per tick instead of per second, will go faster especially if using a tick sender app (or on a high tickrate chart like GJ)

tazmaan, that is not consistent with my experience. Brokers that filter their feeds sometimes give out very infrequent ticks on all charts.

mt4 runs on ticks not on seconds I believe. an action can't be done on mt4 without a tick to trigger it I was always told. Not true?

Not true, the init function can be programmed to have a loop that calls the start function at specified intervals. This has a set of side-effects that are not always desirable for regular EAs, but for a close-all EA, it can be most desirable. It requires a degree of sophistication by the user, such as being sure to only run the loop-driven EA as long as needed, then remove it from the chart or close the chart it's attached to.

All further support/answers given...........elsewhere.

So high and mighty lol

I have been experimenting Basket trading and managed to take a preset percentage of the equity. The total basket will be closed once the preset percentage has been reached.See attached.

lol!

Hi, all. First, I am newbie as a trader, but I like programming in C and C++, so I find easy to code on MQL, and I am learning by now. I am sorry if my english is not good enough, but I am spanish.

Well, I like the Phantom trading idea, as well as Basket trading. The problem to me is that we can't backtest it's results and tune up the system before forward testing it. And I am sure you see as a valuable tool if you can backtest it.

First, I did try to traslate the EAs coded for MT4, for running into MT5, but it was a hard an non profitable job, because some functions doesn't traslate directly and others simply are removed. As you know, MT5 allows backtest multicurrency EAs, but its Order management is not as I like (it allows only trade following FIFO management, and not in visual mode).

Then, I have a good idea: why not backtest on MT4, but reading the rates of the other currrencies from a file? I am coding an EA that reads the historical data from a pair and writes three data for every tick: DateTime, Bid and Ask. Unfortunately, this EA can only work on MT5, because it's the only one platform that downloads historical data on every tick and with different Bid and Ask data. The EA can be launched on backtest, so writing all the historical data from each pair doesn't spends more than a few minutes.

This is just the first stage. From here, I have two options:
a) Re-code the main EA (Phantom EA, by instance), in the way that every call to the function MarketInfo(...), changing as another function that reads the file wrote previously.
b) The more elegant. Create an indicator the reads the files and serves the data to the main EA. We can, too, show the data in a beautiful way, as bars or candles.

What do you think about it? Some better ideas? Thanks.

Hi - I think this is a great EA which I've now been using for about 8 months. 4 months on a Live account and it's returned 35% in that time. Thanks!

I do have a question regarding altering the code to suit a spreadbetting account. Being a UK citizen, I can avoid having to pay any tax on gains by spread betting instead of actual trading. Trading is conducted in the same way.

The way this works is that the symbols are different which is easy to change. However, I am not sure about how to change Lot sizes as everything is shifted by a factor of 10. You see, in order to put in an order for the equivalent of 1 Lot, one must put in a bid of 10 pounds per point - ie Metatrader must make an order for 10 Lots. Hope you understand this! I am also a bit confused by the Leverage returned as this appears to be 10 and I am sure that the account is a 100:1 leverage account.

I'd be quite willing to compensate you for any programming changes required in order to make this work on the spreadbetting account - it's already very good of you to make such a great EA available. Thanks once more.

Hello MetaCoder, Do you by chance have an EA that will buy all 14 pairs or sell all 14 pairs based on a Moving Average Cross on the chart the EA is placed on? No Special features are needed just the usual LOT SIZE, TP & SL. I don't need (or understand) the other stuff like Trimming or Biggest loser ticket or any of that other stuff. Strictly BUYS all 14 Pairs based on the MA CROSS and reverses the direction and CLOSES all the trades and reopens all 14 Pairs as SELLS on the MA CROSS in the other direction. I have tried everything using a standard EA Template that I have to do this, but my coding skills just don't appear to be good enough to understand BASKET TRADING. I really hope you have an EA TEMPLATE that can do that. I looked at your ONEWAY14 hoping I could modify it to do that but it's just too confusing to me.

Steve Souders

New Basket EA on its way here...
Another Basket EA thread

Great EA. I wonder what happens if you put a ProfitPct 20% or more?

The idea behind this EA is quite good I must say...

I am testing it and look promising.

i started to read this interesting tread and hope i will understand all and begin to
test some ea in demo account. the way to make small profit in cycles
fascinates me but it must be some good forword test first to go live also with cent account.
to me the idea can relly work and i prefer 4 months of forword tests rather than
looking for to backtest this.

i will test your EA, thank bro

Seems very interesting so far, the first two recommend threads seem none existing though and the site for your trades...But i like strength and basket trading have used it to grow accounts quickly but always got knocked when it was close to news...

Good Morning Traders,
Im a rookie trader from South Africa and Ive been experimenting with a basket of EA's in demo account. Please note that I have no formal forex training besides 5 months of Google and Youtube.

The screenshot shows the performance since Monday 02 July 2018. Could someone advise me on what I should look out for as I dont fully understand the report.
Ive just been looking at the relative drawdown and the profit/returns.

Any advice will be highly appreciated.

Regards and I wish you all many green pips!!!

EAziz