Basket 14 EA System

Mmmmmm, basket 14_3 is acting weird. Still here Metacoder?

It has 9 trades open (7buy, 2 sell) and wants to open new trades. But they cannot get opened.

Marge niveau is 422%
Max margin to use is 2%. The lots that are open and the ones that have been closed are 0.4 lotsize.

Please read my FAQ. Good chance you need a Show All in the Market Watch pane.

Read it in the beginning and I do have show all.

It has traded since last night. But now it cannot open new trades. It closed a few trades at 13:30 today.
At the warning screen I have a lot "old tick" messages.

Are you sure that broker offers all of the pairs used by the EA? It probably does, or I don't believe the EA would trade at all.

I know nothing about the broker you're using and even with your screenshot, I can't diagnose what could be wrong.

Sorry, but saw you were online. So thought I post it quick.
But you're right. Without info it is hard to help.

Broker: FXCM Demo $ 10.000
Smallest lot is 0.1, wich is also my smallest lot size in the option screen of the EA. Use smallest lot is set to false.
Free Margin is 7471. Marge "niveau" is 427%
Leverage is 100:1 (I assume, but EA shows 200:1)
Max margin allowed is 2%
Rest of the EA's settings are default.

EDIT:
The pairs it tries to open are provided with the broker. It actually traded them till 13:30 today, but I think it wanted to cut 'n reverse those pairs. Looked it up. The pairs it tries to open are indeed pairs that the EA did cut with an loss.

I set the max margin to use to 1% while the EA was running. Didn't help.
After that I deleted the global variables ( F3 ) and then it did open the trades at 0.1 lotsize till the maximum of 14.
But it still tried to open new trades. I think I f*cked it up a bit by deleting the variables.

I bail it out and gonna test Basket 14 2 next week.

Thanks for your time. Sorry to flood your tread with a lot of posts in a short time.
If someone knows what happened or has seen the same, please let me know.

Yes, try starting fresh. I haven't seen this before.

Attached are 2 spreadsheets for your review and information. The one called Basket14_2010_01 is the same EA as Basket14_01 posted on this thread.

For information, so that you will know how to read these sheets, I keep statistics weekly, each week has a separate tab/sheet in the workbook. I sort the Account History by closing date/Time by clicking on the second column title "Time" towards the right side of the page. That shows you the sequence in which trades closed and gives a very clear picture of how the EA works. I then copy and paste the weekly info directly into my spreadsheet, color code the trim closings and have the spreadsheet calculate all the desired information.

When you open the attachment it will be on the latest week's report. You can click the tabs to the left along the bottom to view previous weeks reports.

You will note that Basket14_01 has been running since 25 July and has gained 10.4% profit. That is in spite of the fact that it went 2 straight weeks, 1 Aug - 13 Aug, without a close-all for profit.

Basket14_03 has only been running for 1 week and the last close-all netted almost 4% profit rather than the expected 1%. I have no explanation for that except possibly there was a strong move in favor of those trades at the time it was closing. Because of that anomaly it had a 6.5% gain for the week.

Meta Coder,

Please, is there one you favor over the other?

Thank you,
s

Those reports are so easy to read and understand, Frazer. They've always been a help in zeroing in on better strategies, so thank you!

The 2 EAs, Basket14_01 and Basket14_03 are essentially the same except that 03 attempts to use the multi-pair RVI to determine which set of 7 trades to open long and which to open short. Since we were using the RVI backward in Looser_09, it is quite possible that it was not coded correctly in Basket14_03 as well. I think MetaCoder's answer will be that he prefers 01. He is not very high on using indicators to determine entry direction. See his last post in the "6 Pair Looser Strategy EA Discussion" thread. EDIT: MetaCoder's statement about using indicators for entry is at Post 53 of this thread.. Sorry

I kind of like the idea of using the RVI and have modified 03, reversing the < and > in the "Determine which group to buy and which to sell" section. The modified version will start running when market opens tomorrow evening. I just want to see if it makes any difference in performance.

One thing I forgot to mention in my last post is that in my Basket14_03 demo I changed the ExceedenceTrigger to 2. I had been running Basket14_2010_01 demo using that setting for a couple of weeks and it seemed to be doing better than the default 3 setting (see attached spreadsheet),still keeping the number of trims between close-alls to a minimum, which is the purpose of the ExceedenceTrigger.

Remember that my EA called Basket14_2010_01 is the same as the Basket14_01 uploaded to the 1st post of this thread by MetaCoder.

In the Basket14 EAs, I do not use the RVI signal line which is where the error was (I had reversed the proper usage of RVI signal and RVI main), so the coding error did not carry over. I simply compare the RVI main values of the two sets of 7 pairs. Having said that, I continue to believe it doesn't matter in the long run which set of 7 is used for longs and which is used for shorts.

hi all...
leg 3,done last week during NFP. booked profit for 2%.
now moving to leg 4, still ongoing but had 3 cut n reverse.but no problem actually because overall balance is still in profit just by using ver 03

sorry guys, what does it mean by leg 1, leg 2 and leg3?

Oh dear what happened how come your results are so different from
Others?

That is not necessarily different. He hasn't told us enough to know what is happening with his account. But this EA will almost always have several losses before it comes into profit and closes all trades. Occasionally it may close all trades without trimming losers, but that is a rare happening. See the spreadsheets I posted above.

I think what needs to be understood by more thread readers is that this strategy intentionally trims the biggest loser and opens an opposite-direction trade on the same pair whenever at least three losing pairs have breached their 24-hour high/low.

The way this is done is quite restrained, such that overtrimming is avoided. We want to do just enough trimming that we allow the same market action that triggered the trimming to take us to profit.

So do not be alarmed when the first actions taken by the EA make your balance shrink. If you are patient, a rise in equity will occur and all trades will be closed for profit.

There are old-school elements to this strategy, such as diversification (14 pairs), cut your losses early (cut the BIGGEST loser when market action makes it a logical decision), and let your winners run (until you come into profit).

Frazerd, thanks for the spreadsheet info.

You're welcome. I do them for my own use to better analyze how the EA is working and sometimes get ideas that might improve it. I'm happy to share them and hope they help others understand better how the EAs work.

hi...leg is just my own way to say round.
leg 1 = round 1 (ea start trading until close all open position)
leg 2 = round 2 (ea open another 14 position & closed it afterward)

and so on...u get the idea.