Cheers,
Max
Relative Strength Basket Trading System
- #3,105
- Jan 29, 2009 5:03am Jan 29, 2009 5:03am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Also V4E, London open, but it is showing only the JPY trigger, the USD appears to be missing.
Re the DC close on reverse thingy. The EA takes a trade based on the cross-over of the relevant triggers. If those triggers then re-cross, then one of these three things will happen:
- A highly profitable trade will lose a lot of its profits before hitting its jumping stop, or fall into loss if you are not using one.
- A barely profitable trade will turn into a loser before hitting its distant stop.
- The triggers will re-cross again, and the trade will become profitable.
Given that this is a daily strategy, how likely is 3? I introduced this feature because contributors were seeing a need for it. If you guys want me to, I can make it an optional input then you can turn it off if you want. It will be easy to code.
Re the insufficient trades thingy in basket trading. Two things cause the EA to cancel an individual trade within a potential basket:
- The spread is wider than your minimum allowable. Use matribiz's indi to get a feel for the spreads imposed by your broker.
- If, say, a Strong basket is pending and survives the validation process, the EA checks the direction of the individual trades that will make up the basket. If the weaker trigger in the pair, eg GBPJPY, is actually rising, then we do not want to sell.
Just because the value of a trigger is rising generally, does not mean it is rising against all of the others that will make up the pairs in its trading basket.
There are so many basket trading filters now that it is a wonder it trades at all. Try some less stringent settings:
- Widen your max spread - and check whether your broker is a 4 or a 5 digit quoter.
- Lower your Weak pending point and raise your Strong pending point.
- Lower or cancel the validation time.
- Lower the retrace value.
The looser your filter settings, the more baskets you will get and the higher will be your drawdown.
The tighter your filter settings, the fewer baskets you will get, but they will hit their tp more quickly and the dd will be less.
I have turned off all the time filters on one of my demos to try to generate some baskets. If this does not work, it will be bug-hunting time again.
- #3,108
- Jan 29, 2009 5:30am Jan 29, 2009 5:30am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Thanks Steve,
What is the change in 4f?
Also, a thought, with the DC crossover after a trade is open, would it be worthwhile to have it go through the reverse of the TF set to open a trade?
i.e. 240 then 60 to open, when the 60 crosses back, closure pending, when the 240 closes back, AND the 60 still crossed, then close it? Just an idea.
Ta.
- #3,110
- Edited 8:54am Jan 29, 2009 8:01am | Edited 8:54am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
V4g is attached. I have added Eddie's option to turn off the DC close on recross thingy. I have not done anything about displaying its status or added anything to the user guide yet, so the input you are looking for is:
- CloseDcTradesOnRecross
You will find it in the Daily Cross inputs section. It defaults to false, so you will have to turn it on.
Sundog, I have been thinking about your close on recross only if the next lower tf agrees. Isn't a cross/recross on the D1 such a massive move that this extra check is irrelevant? Will not the lower tf be in agreement anyway, or the two indices would not have recrossed?
I have mentiond before that I am thinking about adding an extra entry filter, to take the trade after the two indices have moved X points away from each other after a cross. Maybe the same for closing an open trade after a re-cross? What do you think?
- #3,111
- Jan 29, 2009 8:24am Jan 29, 2009 8:24am
Sundog, I have been thinking about your close on recross only if the next lower tf agrees. Isn't a cross/recross on the D1 such a massive move that this extra check is irrelevant. Will not the lower tf be in agreement anyway, or the two indices would not have recrossed?
I have mentiond before that I am thinking about adding an extra entry filter, to take the trade after the two indices have moved X points away from each other after a cross. Maybe the same for closing an open trade after a re-cross? What do you think?
What do others think?
Ciao
- #3,112
- Jan 29, 2009 10:39am Jan 29, 2009 10:39am
- | Joined Oct 2008 | Status: Basket Case or Basket Trader? | 798 Posts
V4g is attached. I have added Eddie's option to turn off the DC close on recross thingy. I have not done anything about displaying its status or added anything to the user guide yet, so the input you are looking for is:
- CloseDcTradesOnRecross
You will find it in the Daily Cross inputs section. It defaults to false, so you will have to turn it on.
Might it be worth having a value?
For example if it re-crosses and reaches "xx pips" then close if not ignore?
This should give the option of leaving a trade open that crosses by just a "xx pips" but then goes back to where it was going in the first place.
What I see from my results is that if the vast majority stayed open (tolerance if you like) for 15 pips then the trades came good... what has been happening is that on the cross it has closed off and it was only a small number of pips that triggered it (reducing a/c balance significantly).
Eddie
- #3,116
- Edited 6:34pm Jan 29, 2009 4:34pm | Edited 6:34pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
V4h is attached.
CloseDcTradesOnRecrossPoints allies with the earlier CloseDcTradesOnRecross. If the EA discovers a re-cross, it will wait until the two triggers separate by CloseDcTradesOnRecrossPoints before the trades is closed.
The default of 10 is pure guesswork. No idea what it should be.
Frankly, I think it is a waste of time and adds an unnecessary input. We are talking about a daily cross here. The amount of movement required to create a cross on the D1 must be huge. Looking at the indi, I do not see any instances of a cross/recross on the D1 being rapidly reversed.
I have yet to come across an enter-on-a-cross strategy that did not specify an exit on recross. Still, I offer the routine so that those who want it can play with it.
Still not updated the screen display or user guide. I will do this at some point.
CloseDcTradesOnRecrossPoints allies with the earlier CloseDcTradesOnRecross. If the EA discovers a re-cross, it will wait until the two triggers separate by CloseDcTradesOnRecrossPoints before the trades is closed.
The default of 10 is pure guesswork. No idea what it should be.
Frankly, I think it is a waste of time and adds an unnecessary input. We are talking about a daily cross here. The amount of movement required to create a cross on the D1 must be huge. Looking at the indi, I do not see any instances of a cross/recross on the D1 being rapidly reversed.
I have yet to come across an enter-on-a-cross strategy that did not specify an exit on recross. Still, I offer the routine so that those who want it can play with it.
Still not updated the screen display or user guide. I will do this at some point.
- #3,117
- Jan 29, 2009 6:35pm Jan 29, 2009 6:35pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
-stevehopwood-
Fantastic Job
on KGEAV4G--think i will go live with it in a sec--
AM gonna test the KGEAV4H--
Great job
Fantastic Job
on KGEAV4G--think i will go live with it in a sec--AM gonna test the KGEAV4H--
Great job
- #3,118
- Jan 29, 2009 6:56pm Jan 29, 2009 6:56pm
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts