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Follow the Candles

  • #981
  • Nov 16, 2020 8:06am Nov 16, 2020 8:06am
First day with FTC daily basket is in the bag - started VB off early (20 minutes past London Open), very wrong time and had little hopes for 11 trade basket but it did well:

TP hit 2.5% (120pips)
Min DD 7%
Basket duration 7hrs
Risk 0.01/250

Will need to adjust time to market entry slightly for better timing.

Lets see where this experiment will take us
  • #982
  • Nov 17, 2020 3:17pm Nov 17, 2020 3:17pm
this week only my 2am basket fired for a stoploss

blam
  • #983
  • Nov 18, 2020 3:42am Nov 18, 2020 3:42am
Question: how do you reset the EA? I wanted to stop the VB operation and use another timeslot. Even removing EA and placing back did not reset it and VB results continue to run.

EDIt: Found it - for reset you need to remove EA, go into MQL4\Files folder and delete file with name "virt9999" and reload EA.

Thanks!
  • #984
  • Nov 18, 2020 6:25am Nov 18, 2020 6:25am
Quoting Ilvez
One question - do I see correctly that there is no option within EA (at the moment) to limit the number of pairs in real basket? E.g. if 15 pairs passes trend test and VB, then 15 will load up in RB? Cheers, I {quote}
Hi Ilvez, yes there is no limit on number of pairs, whatever pair is considered valid will be passed to the RB when the VB is triggered (if using the VB).
Truth is like poetry. And most people f*cking hate poetry.
  • #985
  • Nov 18, 2020 6:33am Nov 18, 2020 6:33am
Quoting Ilvez
Got started today with FTC and daily baskets. I was surprised that Virtual Basket does not update itself during the VB run based on latest indicator data. Basically it just takes the snapshot of indicator settings at basket open time and then attempts to run with it. As you can see it brings 2 problems: {image} - Pairs which do not correspond to indicator settings delay the triggering of Real Basket (these rotten apples are down by -41pips in VB) - When RB is finally opened with positive pairs, they have already done a lot of work and real basket...
Ilvez, the suggestions you have are the same as you are requesting for the CCFp EA.

I've got a few other ideas to work on with this EA and still doing some other minor bug fixes, lets see if something can be considered in future.
Truth is like poetry. And most people f*cking hate poetry.
  • #986
  • Nov 18, 2020 6:37am Nov 18, 2020 6:37am
Monday default basket VB did not trigger so no trade this week.

I've been experimenting on other open times for the weekly set and there seems to be a better open time emerging. It still need a cpl more months of forward testing, but so far so good and is up over 10% in the last month compared to 4% on the default basket. If it continues this way I'll update the default settings to the new time.
Truth is like poetry. And most people f*cking hate poetry.
  • #987
  • Nov 18, 2020 7:48am Nov 18, 2020 7:48am
Thanks and yes, the suggestions are the same as its basket trading. Basically trying to achieve both optimal basket configuration and making sure that we step on the train at the right time with good momentum in right direction.

Looking forward to the future improvements of the EA. Will continue experiment with daily baskets with FTC and report back here.


Quoting mrdfx
{quote} Ilvez, the suggestions you have are the same as you are requesting for the CCFp EA. I've got a few other ideas to work on with this EA and still doing some other minor bug fixes, lets see if something can be considered in future.
  • #988
  • Nov 19, 2020 11:46am Nov 19, 2020 11:46am
Hi mrdfx,

It seems I am the only one thant cannot put the EA working.
For some reason it just apears the colored boxes (red and green) but it doesnt trade or alert.
Could you help me?
  • #989
  • Nov 20, 2020 5:31am Nov 20, 2020 5:31am
Quoting Agente
Hi mrdfx, It seems I am the only one thant cannot put the EA working. For some reason it just apears the colored boxes (red and green) but it doesnt trade or alert. Could you help me?
Hi Agente, can you give more info? What settings you using?
Truth is like poetry. And most people f*cking hate poetry.
  • #990
  • Nov 21, 2020 7:06am Nov 21, 2020 7:06am
Quoting mrdfx
{quote} Hi northwind, are you still testing the EA? How have your results been?
Hi mrdfx,
Thanks for checking in.
Thank you for sharing your creative ideas and great job developing the EA.
This is a great system if user has time to manage it.
I work full time and couldn't devote the time I felt was needed to do it justice.

My feedback:
There were a few issues I couldn't figure out how to get around.
Maybe you can come up with a way to deal with them.

1. Baskets only open when all lower time frames agree with the highest time frame.
By the time all TFs turned the same color many profitable runs were over, and basket opened too late.

2. The optimal time for EA to try to open a basket was a moving target.
Tried setting multiple EAs to start every few minutes around possible open times. This was hit-or-miss.

3. As mentioned before, if the lowest TF candles flipped up/down/up/down/up the EA could open 2, 3, or 4 times the number of trades - too many and too risky.

4. Too much hands-on management/intervention was required.

As the saying goes - "Your mileage may vary."
At least for me, these problems made for irregular results.

Thanks again for sharing.
All the best,
NW
Perfidious Pips
  • #991
  • Nov 21, 2020 9:08am Nov 21, 2020 9:08am
Hi Northwind,

Been testing FTC for 1 week for daily basket trading and initial results are also mixed but lets see where it takes us.

Running following settings:

Risk: 0.01/250
SL/TP: 10%/2.5% (SL was set high to see potential boundaries for DD, more reasonable level is 4-5%)
VB upper trigger 30pips
TFs used: H1,H4,D1. Current Candle.

Tried various opening times around LO and NO.

2 days in profit, wiped out by 10% SL on long dragging basket is my weekly net result.

Observations so far for future pondering:

1) Daily candle trend accuracy depends where your broker timezone is. My daily candle starts with Asian session, for folks in US timezone the daily candle has started around FO/LO session. So basically the accuracy of basket triggering depends on your broker timezone. Is daily trend defined by London + NY Session, or is is it more often broken during then? Are H1 and H4 candles good enough confirmation + Virtual Basket to determine accurately price trajectory for following hours? Using any lower than 1H timeframe introduces a lot of noise and false signals because it takes only single datapoint from last say 15 minutes to determine where you would like to go with next hours.

2) There is always the risk for wrong signal or missing signal if price hovers around the open level of shortest TF. Using "Previous candles" gave way too horrible results many times in a row even to consider.

3) Yes, if market moves strongly in one direction - it can close basket in a minutes (like it happened when I tested other open times than LO). I have not had basket fall very quickly into nasty DD, which is somewhat good as well.

4) Manual intervention is needed, as with any EA.

I'll keep on testing for some more.

Cheers,
I

Quoting northwind
{quote} Hi mrdfx, Thanks for checking in. Thank you for sharing your creative ideas and great job developing the EA. This is a great system if user has time to manage it. I work full time and couldn't devote the time I felt was needed to do it justice. My feedback: There were a few issues I couldn't figure out how to get around. Maybe you can come up with a way to deal with them. 1. Baskets only open when all lower time frames agree with the highest time frame. By the time all TFs turned the same color many profitable runs were over, and basket...
  • #992
  • Nov 24, 2020 6:12am Nov 24, 2020 6:12am
Monday default weekly basket hit TP.
Truth is like poetry. And most people f*cking hate poetry.
  • #993
  • Nov 24, 2020 3:18pm Nov 24, 2020 3:18pm
This week two baskets fired. The 2am basket went to full TP, and the 1.30am basket was part closed in profit by trailing stop

blam
  • #994
  • Dec 1, 2020 2:10pm Dec 1, 2020 2:10pm
This week two of my baskets fired - 1.30am and 2am. Both went to full TP

blam
  • #995
  • Dec 1, 2020 2:21pm Dec 1, 2020 2:21pm
Quoting tenthman
{quote} Nope ... not the problem. Something else. Here's the screen shot from the H4 and Day1 AUDUSD I'd show you the settings for the indicator but I can't seem to be able to figure out how to do that. Thanks anyway. {image} {image}
What broker you use 34 dollar pr lot with ic markets i pay 6.5 on AU inclusiv commision.


Ore is it at rollover
Insanityoing same ting over expecting different results..Einstein
  • #996
  • Dec 2, 2020 4:02am Dec 2, 2020 4:02am
Quoting blamshakk
This week two of my baskets fired - 1.30am and 2am. Both went to full TP blam
The default weekly set did not trigger this week, however the other weekly set hit TP.
Truth is like poetry. And most people f*cking hate poetry.
  • #997
  • Dec 8, 2020 3:40pm Dec 8, 2020 3:40pm
this week 3 baskets fired - 1am, 1.30am and 2am. 1.30am went to full TP, the other two closed out for breakeven

blam
  • #998
  • Dec 8, 2020 11:58pm Dec 8, 2020 11:58pm
hi all,
most of you people open the basket at 5pm New York time or a few hours later, so it will just be wandering around in the Asian session.....do you think it would be wiser to open it near London open, where the trends most likely will continue?......
  • #999
  • Dec 11, 2020 6:15am Dec 11, 2020 6:15am
Hey guys been super busy and forgot to update this weeks results.

It's been a mixed week with the daily sets taking some losses this week as can be seen on the TE.

The default weekly basket did not trigger this week so there was no trade, but the other weekly basket that I'm testing did hit TP. It is showing a lot of promise and hopefully after a cpl more months I should have enough data to know if its a viable replacement time for the default weekly preset.

Have a good weekend FF.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,000
  • Dec 11, 2020 6:18am Dec 11, 2020 6:18am
Quoting yonnie
hi all, most of you people open the basket at 5pm New York time or a few hours later, so it will just be wandering around in the Asian session.....do you think it would be wiser to open it near London open, where the trends most likely will continue?......
Hi yonnie, yes according to the original strategy the basket is opened on a Monday night, going in the direction of the major trend.

I am actually testing a basket at LO and its doing well, but more testing is needed first.
Truth is like poetry. And most people f*cking hate poetry.
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