BASKET TRADE Management: Using multiple trade management EA's on basket trades | Forex Factory

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BASKET TRADE Management: Using multiple trade management EA's on basket trades

  • #1
  • First Post: Edited Nov 22, 2010 12:53pm Nov 21, 2010 9:23am | Edited Nov 22, 2010 12:53pm
Hello. This is my strategy:

I study several 4 hour charts and place about 5-10 long/short trades 2-3 times within a 24 hour period.

On each trade I use the Swiss Army EA, only setting the setting 'Max_Loss_Dollar' to $300-$500 depending on the pair.

I set the max profit on account EA to $1000.

I have been successful each time so far, granted I am just getting started. However, there is a problem.
Seems my Swiss Army EA is not always taking me out at the max dollar amount. I place the EA on a chart of the pair it should be controlling for each position. And I place the max profit EA just once on a currency i am not trading, and this works fine.

The good thing about this way of trading is that once the trades are set you don't need to sit and stare at the screen. I live in the EST timezone, place a basket trade before I go to sleep around 11:30 PM. Check it again in the morning between 6:00 AM - 7:00 AM before I go to work, also monitoring it while at work, but just to keep an eye on things.

Thanks for any input..
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement3.gif Size: 6 KB
Attached File(s)
File Type: ex4 Swiss Army EA v1.51.ex4   29 KB | 2,378 downloads
File Type: pdf Swiss Army EA v1.51 Features.pdf   15 KB | 9,494 downloads
File Type: mq4 CloseTrades_After_Account_Profit_Reached.mq4   3 KB | 1,819 downloads
File Type: pdf statement.pdf   71 KB | 1,921 downloads | Uploaded Nov 22, 2010 12:52pm
  • #2
  • Dec 11, 2020 5:36am Dec 11, 2020 5:36am
I'll just bump this thread up to save opening a new one.

I'm looking for an EA, or maybe a Script, that can be used to selectively trade a Basket.

By this I mean, I need to enter the pairs, and then click Buy or Sell, and the trades will be opened.

I need both Buy and Sell but no problem if it only does one at a time, I'll just use 2 charts.

I'm sure I have seen something like this before, I just can't find anything right now.

And why you may ask, well, just want to test a theory, have a daily bias to trade long or short

Place the trades and let them rip, no need for position sizing, just testing, here is an example...


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It takes a lot for me to IGNORE you, but you can try.
  • #3
  • Dec 11, 2020 6:27am Dec 11, 2020 6:27am
I found a Buy / Sell Script over here

https://www.forexfactory.com/thread/...trigger-script

I will have to test it, see what happens

It takes a lot for me to IGNORE you, but you can try.
  • #4
  • Dec 11, 2020 6:32am Dec 11, 2020 6:32am
By the way, that Basket was closed by an EA at Equity $700, darn, still, New York session to go

demo hookers and blow on me,

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It takes a lot for me to IGNORE you, but you can try.
  • #5
  • Dec 11, 2020 6:37am Dec 11, 2020 6:37am
Quoting Erebus
By the way, that Basket was closed by an EA at Equity $700, darn, still, New York session to go demo hookers and blow on me, {image}

what is the settings?
  • #6
  • Edited 8:09am Dec 11, 2020 7:55am | Edited 8:09am
Quoting Erebus
By the way, that Basket was closed by an EA at Equity $700, darn, still, New York session to go demo hookers and blow on me, {image}
https://www.forexfactory.com/thread/...1#post10485181

I have this EA in testing for a few days (demo). No problem for now, on the contrary.
He opens the full basket of one currency (7 pairs).

EDIT:
correct link
I've seen things you people wouldn't believe
  • #7
  • Dec 11, 2020 9:22am Dec 11, 2020 9:22am
Quoting Isaw
{quote} what is the settings?
damn, a virgin 1st poster, here is your settings

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It takes a lot for me to IGNORE you, but you can try.
  • #8
  • Dec 11, 2020 9:23am Dec 11, 2020 9:23am
Quoting Trader-IT
{quote} https://www.forexfactory.com/thread/...1#post10485181 I have this EA in testing for a few days (demo). No problem for now, on the contrary. He opens the full basket of one currency (7 pairs). EDIT: correct link
Thanks, I got it sorted out, I choose the pairs, not the EA, the Script works fine

It takes a lot for me to IGNORE you, but you can try.
  • #9
  • Dec 11, 2020 9:57am Dec 11, 2020 9:57am
Quoting Erebus
{quote} Thanks, I got it sorted out, I choose the pairs, not the EA, the Script works fine
I have memorized the link to that script, because for some time I cannot try or use it.
Thanks, I didn't know him.

If you continue to use it and you encounter something wrong, would you please leave a comment here?
Thanks.

Ps:
beautiful setting
I've seen things you people wouldn't believe
  • #10
  • Nov 18, 2023 12:51pm Nov 18, 2023 12:51pm
Is it possible to add a code to this expert( Multi-purpose trade management EA) that locks the profit in percentage instead of dollar?
As follows :
BasketTrailingStop is false
BasketTrailingStop Percent is true
BasketsAtProft 0.0
BasketsAtProft Percent 2%
BasketTrailPercent 50
  • #11
  • Mar 20, 2026 10:32pm Mar 20, 2026 10:32pm
Quoting Erebus
I'll just bump this thread up to save opening a new one. I'm looking for an EA, or maybe a Script, that can be used to selectively trade a Basket. By this I mean, I need to enter the pairs, and then click Buy or Sell, and the trades will be opened. I need both Buy and Sell but no problem if it only does one at a time, I'll just use 2 charts. I'm sure I have seen something like this before, I just can't find anything right now. And why you may ask, well, just want to test a theory, have a daily bias to trade long or short Place the trades and let...

HEy Erebus.

DId you find this script?
  • #12
  • Last Post: Mar 21, 2026 5:07am Mar 21, 2026 5:07am
Quoting richswiss
{quote} HEy Erebus. DId you find this script?
Wow, so long ago, no I don't think so, not following that path anymore, but good luck to you.

It takes a lot for me to IGNORE you, but you can try.
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