Basket 14 EA System

Metacoder,

Check v3 version :

GBPUSD_rvi = iRVI(EURUSDsym, PERIOD_M15, 10, MODE_MAIN, 0);

Problem on the symbol..

Regards.
Ludo

good catch, I'll fix that pronto
__
Fixed and re-uploaded. Thanks surfeur!

This thing is rock steady.

http://bobthoughts.net/Basket14.htm

If you look at the statement and see the large initial dip in the balance graph, it is because I was using this same strategy at first but WITHOUT the logic that confirms with other pairs. Once I added the confirmation logic, things smoothed out considerably.

hello,again.i use now instaforex but i look if i use go markets ,the diffrent with pips when i use basket 14_02 is about 40 pips,very much ,i think. sky

Hello sky... It is not necessary to close MetaCoder's EAs manually. There is always a user setting that allows you to have the EA automatically stop trading after taking profit. Just set StopAfterNoTrades to true. When the EA closes all trades for the 1% profit it will stop trading. When you are ready to start trading again, go back in and change it back to false and it will immediately open the 14 trades again. COOL

There is virtually nothing that needs to be done manually when using MetaCoder's EAs.

Thanks for helping to steer us toward such a system, frazerd.

Thanks Frazerd,any way what wold be best profit target 1% or 2% reg,,,sky

Entirely up to you. MetaCoder and I prefer 1%, but he has made it a user input so you can make it whatever you are comfortable with. We are willing to take 1%, not being greedy. But 2% could provide better profit in the long run. We have not experimented much with higher profit taking.

Thanks again,have to start use both,then see reg,,,sky

Another closure at Sunday market open.

http://bobthoughts.net/Basket14.htm

This is Basket14_03?

No, it's 02, trades always initially entered in the one direction.

OK, I started 03 tonight.

Is there some kind or Equity trail built in? I have my Basket close at $5 but account is at $22 and still going ?? (pic shows $17)

Actually also just noticed that it has closed a few trades at -$5 and -$6 and adding extra to the opens, still 14 open though ?? Now I have 11 B and 3 S at +$23

matrixebiz, read up on the strategy, all your questions should be answered.

The ProfitTarget setting is a percentage of LastFlatEquity. Your screen comments show that your current Equity is 30771 and your Equity Profit Target is 30797 ($5 above your LastFlatEquity which was 30787). The trades will be closed when Equity reaches 30797 - 26 more $s. This EA will never close all trades based on PL and it will never close all trades for a loss. It is looking for a profit above LastFlatEquity (Equity at time of last close all). Everything is based on equity.

Also, you need to understand that, except for a close all, the EA only closes losing trades and will never close just 1 winner. For that reason, we never try to calculate how much the EA is making or losing until we get a close all.

There are always 14 open trades with this EA. Every time it trims a loser it reopens that pair in the opposite direction. It takes profit by closing all trades when the Profit Target is reached. Then, unless you have set StopAfterNoTrades to true, it will immediately place the 14 trades again and start over.

As MC says, you need to read everything and understand how the EA works.

Hello MetaC and all you.i opened basket 1403 on friday27.8 18.00(gmt+2) and when market open sunday night it closed usdjpy -69p audusd -80p nzdjpy -98p,maybe friday evening is not good time open becouse the same pairs are agin about -300p,reg sky

None of that matters with this strategy. Occasionally the basket will show some larger negative float than at other times, but with time and smart cut'n'reverse actions, equity pops will come.

i mean the position was open only 6.5 hour before it closed these minus pairs reg,,,sky

And I'm telling you it doesn't matter. The equity pops will come.

I think you should spend some time understanding why the losing trades are closed, and the fact that the same pairs are opened in opposite directions (even though the new trades can also become losers), and watch over time and see what happens.

If you think in terms of pips, you'll be missing the point entirely.