Basket 14 EA System | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Relative Strength Basket Trading System 3,479 replies

Simple Basket Trading system 61 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Attachments: Basket 14 EA System
Exit Attachments

Basket 14 EA System

  • #41
  • Aug 30, 2010 11:46am Aug 30, 2010 11:46am
OK and thanks for answer,sometimes things go over my head(if true very often)thanks my no good english understanding, reg,,,sky
  • #42
  • Aug 30, 2010 3:20pm Aug 30, 2010 3:20pm
skyvoice, no problem and I'm glad you're trying the EA.

In the near future, I'll test a Basket14 EA with a 10:1 demo account because there is a broad concensus that we US traders will be limited to 10:1 leverage. I know it will do well but I want to make sure I get the settings right to keep minimum margin in a safe zone.
Open to new approaches.
  • #43
  • Aug 31, 2010 1:59am Aug 31, 2010 1:59am
Mornings MetaC and others. i opened again basket 14-02 30.08 09.00 and it closed 31.08 09.44 +1% .i use it live but only 0.01 lot ,reg,,, sky
  • #44
  • Edited 10:17am Aug 31, 2010 8:56am | Edited 10:17am
New profits continue to be taken.

http://bobthoughts.net/Basket14.htm

Note: this demo is a 200:1 account and uses the EAs with their default settings.

See the first post of the thread for settings you could try for 100:1 and 10:1 leveraged accounts. The suggested settings for 100:1 should duplicate my results (big promise, huh) and you shouldn't see your Lowest Margin drop much below 250%,

---

Also just started a demo with 10:1 leverage. Settings are MaxMarginToUse = 3.0 and ProfitPct = 0.3.

http://bobthoughts.net/Basket14_10_to_1.htm
Open to new approaches.
  • #45
  • Edited 2:12pm Aug 31, 2010 11:45am | Edited 2:12pm
Thanks for the edit of previous post and post #1
The info about the settings for the different leverages is much appreciated.

I notice in your "bobthought live trading links" the lotsize change. It becomes larger when the account grows, I assume?


Still testing Basket 14_3.
Started 30 okt. @ 06:00.
Still runnning but looks like its gonna hit the 1% tonight or tomorrow, I guess.
Let it know when it happens.
It only made one cut and reversal 31 okt. @ 07:42.
EDIT: took the 1% profit 31 okt. @ 19:05
Did this on a 10.000 demo account with max margin to use at 1%. and use smallest lot set to true. Lots set at 0.1

But started another one. Max margin at 2% (100-1 leverage) and smallest lot set to false, lots set at 0.1.
It did start with 0.1 lots. So my margin is around the 1000%. Why doesn't it use larger lots with this accountbalance?
  • #46
  • Edited 12:43pm Aug 31, 2010 12:14pm | Edited 12:43pm
awesome a thread finally not deviating from the topic! knock on wood. basket pop happened over night for me... started last night too.
  • #47
  • Edited 5:18pm Aug 31, 2010 12:27pm | Edited 5:18pm
Thanks Metacoder ,great stuff. I cant seem to get this to trade on my broker Tadawul. No on chart display but have smiley. I have it running on 2 other brokers just fine . No matter what settings, I get no trades on Tadawul. 200-1, 4 digit, lots on Tadawul are in increments of .05 with .05 being the smallest as well. Thanks.
Version 2.
  • #48
  • Aug 31, 2010 12:39pm Aug 31, 2010 12:39pm
My test of 02 this week is cruising along nicely. however I have a question about the lotsizing.
Code says its sposed to use 1% of available margin at default setting, which I am using.
However, on my 1800 demo account, it's opened .06 size trades, and is using $356 of my available 1800 margin (300:1 demo).
How is this math determined? Not complaining, highest dd i have seen all week has been about 8% and have banked 5% profit already, but still trying to understand how the lot sizing works.
Thanks, love your 'no bs' ea and style!
  • #49
  • Aug 31, 2010 7:56pm Aug 31, 2010 7:56pm
Quoting todder
Thanks Metacoder ,great stuff. I cant seem to get this to trade on my broker Tadawul. No on chart display but have smiley. I have it running on 2 other brokers just fine . No matter what settings, I get no trades on Tadawul. 200-1, 4 digit, lots on Tadawul are in increments of .05 with .05 being the smallest as well. Thanks.
Version 2.

hi...I also encountered the same problem before. Try changing the equity use from 1.0 to 0.5....It works for me. After doing that,trades were opened with 0.05 mini lots.
  • #50
  • Sep 1, 2010 8:03am Sep 1, 2010 8:03am
many small losses overnight with V2.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatementV2.gif Size: 6 KB
  • #51
  • Sep 2, 2010 2:26am Sep 2, 2010 2:26am
last night, there were 2 cut n reverse. scared me a bit.but after a while, losses were covered and my live trades closed in profit. Exactly 1%, only by using 0.05 minilots..very cool if u ask me...
  • #52
  • Sep 2, 2010 4:37pm Sep 2, 2010 4:37pm
Quoting Faaiz Azizi
last night, there were 2 cut n reverse. scared me a bit.but after a while, losses were covered and my live trades closed in profit. Exactly 1%, only by using 0.05 minilots..very cool if u ask me...
Yep, that's the way this EA works. No need to be scared of the trim/reverses. You will surely see more than 2, but the EA will always come back into profit. In earlier versions that MetaCoder and I tested I have seen it recover from 25 or more trims and finally come back to take profit. The trick is to try to limit the number of trims required so that we take profit more quickly.

On that note, MetaCoder, if you are still around, I wonder if we may possibly have the RVI working backward in Basket14_03, as I think we may have in LooserKM_09 (see my post in that thread). My original Basket14_01 (called by a slightly different name from our other group) has been doing better than 03 this week. I was expecting 03 to perform better using the RVI for direction.
Frazer
  • #53
  • Edited 9:45pm Sep 2, 2010 5:48pm | Edited 9:45pm
Just got back from a short mid-week vacation.

Frazer, using the RVI might be useless, as is using other means of trying to glean useful information from any movement between two sides of a pure synthetic hedge consisting of many pairs. As I said when I first posted version 03, I don't think it will matter whether we try to pick sides for the two groups of pairs. It all comes out in the wash.

Just to demonstrate my confidence in the Basket14 strategy, I set one of my demos to stop trading on the next full closure.

I can't say WHEN it will close, only that it will, FOR PROFIT. And when it does, the account will be flat and the balance will be in the neighborhood of $3,440.00. That will represent an almost 15% gain in what will almost surely be less than a month of trading. Lowest margin so far is 514%.

Here is where it sits now:

http://bobthoughts.net/Basket14.htm

___

todder, we can't help you if all you post is that chart. Read the FAQ for using my EAs, then try again. If you still have questions and are serious about getting them answered, at least post a statement and not just a chart.
Open to new approaches.
  • #54
  • Sep 2, 2010 11:36pm Sep 2, 2010 11:36pm
second leg closed last night when i was asleep,for another 1% of profit.
now, moving on to leg 3..
  • #55
  • Sep 3, 2010 12:01am Sep 3, 2010 12:01am
Quoting MetaCoder
Just to demonstrate my confidence in the Basket14 strategy, I set one of my demos to stop trading on the next full closure.
You are well aware of my confidence in the Basket14 concept. I will post my spreadsheets the end of the week. As you know, I don't stop trading when I do that but I do all my calculations based on the last close-all and carry any hanging losses for the week over to the next week to be dealt with by the next close-all.
Frazer
  • #56
  • Sep 3, 2010 2:56am Sep 3, 2010 2:56am
hmmm... 101 Basket Trading you say ?

This EA is too risky just because it have been made in mq4.
The only way to build a safe enougth EA related to 101 BTS would be coding it in mq5 or Java for Dukascopy....those trading software allow multi-trading backtest !

Other wise, too risky, unknow, imprevisible....
  • #57
  • Sep 3, 2010 4:15am Sep 3, 2010 4:15am
Quoting dinhero
hmmm... 101 Basket Trading you say ?

This EA is too risky just because it have been made in mq4.
The only way to build a safe enougth EA related to 101 BTS would be coding it in mq5 or Java for Dukascopy....those trading software allow multi-trading backtest !

Other wise, too risky, unknow, imprevisible....
MT5 is stable ?!? or still beta ?
  • #58
  • Sep 3, 2010 9:35am Sep 3, 2010 9:35am
Quoting dinhero
hmmm... 101 Basket Trading you say ?

This EA is too risky just because it have been made in mq4.
The only way to build a safe enougth EA related to 101 BTS would be coding it in mq5 or Java for Dukascopy....those trading software allow multi-trading backtest !

Other wise, too risky, unknow, imprevisible....
Well dinhero, if you want to depend on back testing to determine risk you are welcome to rewrite the code in MQ5, the beta language, and back test all you want. Please let us know when you get it done.

Forward testing is the only accurate way to test an EA. I can tell you that Basket14_01 is the result of extensive forward testing. we have been working with the 14 pair basket for more than a year and have tried numerous methods of trimming losing trades. I can assure you that this EA works quite well in forward, demo testing.

Take it or leave it and good luck with your back testing method of determining risk. I surely hope that it does not get you in trouble.
Frazer
  • #59
  • Sep 3, 2010 1:21pm Sep 3, 2010 1:21pm
The Basket 01 performed for me better than the 03.
Let's see what will happen next week....
  • #60
  • Edited 2:07pm Sep 3, 2010 1:45pm | Edited 2:07pm
Quoting dinhero
hmmm... 101 Basket Trading you say ?

This EA is too risky just because it have been made in mq4.
The only way to build a safe enougth EA related to 101 BTS would be coding it in mq5 or Java for Dukascopy....those trading software allow multi-trading backtest !

Other wise, too risky, unknow, imprevisible....
All righty, if you say so.

The only thing in common with Trader 101's old "strategy" is the selection of currency pairs. This is a very different strategy than what Trader 101 proposed, and it is among the LEAST risky you will ever encounter.
Open to new approaches.
4 traders viewing now