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Attachments: Basket 14 EA System
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Basket 14 EA System

  • #201
  • Sep 10, 2010 11:55am Sep 10, 2010 11:55am
I was wondering if the target cud be set in terms of fixed Dollars instead of % because what I see is lot of work for winner trades to meet the target once the equity reaches at certain level say $10,000 or $20,000. Any views.
  • #202
  • Edited 12:24pm Sep 10, 2010 12:04pm | Edited 12:24pm
Quoting forexripper
I was wondering if the target cud be set in terms of fixed Dollars instead of % because what I see is lot of work for winner trades to meet the target once the equity reaches at certain level say $10,000 or $20,000. Any views.
The target IS set in terms of fixed dollars. If you look at your screen comments you will see the dollar amount which is computed by taking 1%, or whatever you have set ProfitPct, of your LastFlatEquity (last close-all).
EDIT: If you feel 1% is too high you can always change it to a lesser %, say .05. This can be done at any time during the trading cycle. If you accumulate a lot of trims and get concerned about not getting to the Equity Profit Target soon enough, just open the Inputs window and change it - it will take effect immediately. That is not a recommendation, but if you are nervous that is a way to close out more quickly.

As your equity/balance grows, the EA will increase the lot size proportionately, which should offset the higher Dollar Profit Target.
Frazer
  • #203
  • Sep 10, 2010 12:23pm Sep 10, 2010 12:23pm
I'll be interested to see if my various demos get to the next equity pop around the same time.
Open to new approaches.
  • #204
  • Sep 10, 2010 1:36pm Sep 10, 2010 1:36pm
As i have understanding that the minimum balance should be $10000 to run this EA,is it right?
if not please explain me how can i run this EA with less than $10000?
regards
Fred
Quoting frazerd
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...
  • #205
  • Sep 10, 2010 1:50pm Sep 10, 2010 1:50pm
I'm not sure, I'm no expert, but I don't think that's right. I think you can run this on far less if the small lots are available in your acct. I'm running demos on 3000$ and one I started on less than $3000. Having no problem so far. I think it can be done on less with micro lots.
But wait for Frazer or MC to answer properly.
I think what you are talking about is the size of the lots, either mini or standard. I do micros.
  • #206
  • Sep 10, 2010 2:04pm Sep 10, 2010 2:04pm
I'm running a demo with 500 bucks and its trading 5 cent lots on ibfx mini demo. works fine. also running on 1k demo and its trading 20 cent lots with no problem what so ever.
  • #207
  • Sep 10, 2010 2:13pm Sep 10, 2010 2:13pm
Quoting fredgold3434
As i have understanding that the minimum balance should be $10000 to run this EA,is it right?
if not please explain me how can i run this EA with less than $10000?
regards
Fred
No Fred, you can run it on $100 if you want, but not recommended. I would recommend at least $1000.
Frazer
  • #208
  • Sep 10, 2010 2:21pm Sep 10, 2010 2:21pm
thank you frazerd
should i change any setting in EA to run it on small balance?
regards

Quoting frazerd
No Fred, you can run it on $100 if you want, but not recommended. I would recommend at least $1000.
  • #209
  • Sep 10, 2010 2:30pm Sep 10, 2010 2:30pm
run on nano if u only have $100. gomarkets lplate account works great for this
  • #210
  • Sep 10, 2010 3:08pm Sep 10, 2010 3:08pm
Quoting fredgold3434
As i have understanding that the minimum balance should be $10000 to run this EA,is it right?
if not please explain me how can i run this EA with less than $10000?
regards
Fred
Just run version 02, it doesn't check minimum balance.
Open to new approaches.
  • #211
  • Sep 10, 2010 3:23pm Sep 10, 2010 3:23pm
thank you MC
Quoting MetaCoder
Just run version 02, it doesn't check minimum balance.
  • #212
  • Edited Sep 11, 2010 2:48pm Sep 10, 2010 3:41pm | Edited Sep 11, 2010 2:48pm
These two EAs I'm sharing are experimental. The results will confirm or refute certain ideas I have about the multi-pair RVI.
Attached File(s)
File Type: mq4 Oneway14_01.mq4   43 KB | 329 downloads
File Type: mq4 Oneway14_02.mq4   44 KB | 315 downloads
Open to new approaches.
  • #213
  • Sep 10, 2010 4:23pm Sep 10, 2010 4:23pm
MC,

I am very impressed with your work and sharing. Over time, I have read comments in forums about that "other similar strategy", and over and over again, the comment is always about severe drawdown. You address this problem first and foremost - great job.

About initial selection of which group to Buy/Sell. I have 5 thoughts on this.

1. Yes - it does matter about the selection and a random (or near random approach) will only extend CloseAlls. Using a RSI on such a short time period on TF15 6 samples only gives you a short term view to what is going on.

2. Since the groups somewhat simulate the GBPJPY as per your analysis, Maybe we should look at Currency Strength for these two currencies. To Buy the first group, we would look for GBP to be in negative territory with a positive slope and JPY would be in positive territory and have a negative slope. If we do not have this condition - go to thought 3.

3. Use a weighted approach evaluating each currency from their respective groups, and draw a decision based on weights. If this does not draw a conclusive decision, go to thought 4.

4. Use a 21 prd H4 SAR instead of Currency Strength as in 2 and 3. If this does not draw a conclusive decision, go to thought 5. The SAR is a great way to tune into the daily trend of a Pair.

5. Flip a coin.

Please take a look at the screen shot below for an idea of what I am talking about.

In closing, I have spent many months trying solve the DD problem using a variety of approaches and I never succeeded. My input above is an attempt to help and to add a bit of edge to the strategy, but if it does not fit with your thinking - no problem.

KingHigh
Attached Image (click to enlarge)
Click to Enlarge Name: curstrength.gif Size: 28 KB
  • #214
  • Sep 10, 2010 4:35pm Sep 10, 2010 4:35pm
Much appreciated KingHigh, always lots to think about!
Open to new approaches.
  • #215
  • Sep 10, 2010 8:59pm Sep 10, 2010 8:59pm
I have been trading Basket 14-3 for three days now on a live mini account. I have one major concern which is this:

My first basket closed with its 1% profit after experiencing a near 5% drawdown. The close all feature of the EA worked perfectly and opened its second basket cycle. Going in to the weekend, the second basket now has a near 10% drawdown.

It just seems to me that the risk reward here is very skewed. 5:1 and 10:1 need to have a VERY high hit rate on achieving their 1% profits to make this EA profitable over the long term.

Any thoughts or similar experiences from others would be appreciated!

Thanks!
  • #216
  • Sep 10, 2010 9:31pm Sep 10, 2010 9:31pm
I started running basket 03 at the beginning of the week. It is down about 10%.

I have been running confirm14, now version 03 since Aug 19 and it is up about 10%. Significant gains from this past week.

Very intriguing approaches. Thanks for sharing.

saintmo
  • #217
  • Sep 10, 2010 11:50pm Sep 10, 2010 11:50pm
Quoting islandtrader41
My first basket closed with its 1% profit after experiencing a near 5% drawdown. The close all feature of the EA worked perfectly and opened its second basket cycle. Going in to the weekend, the second basket now has a near 10% drawdown.
When you say drawdown are you referring to current balance compared to starting balance? If so, what you are seeing is normal for these EAs due to the strategy of trimming losers and reversing until the current EQUITY surpasses the LastFlatEquity. The hope is that the reversals will become winners, but in a choppy market that does not always happen, some will become winners and some will continue to be losers.

The balance will always go down with each trim. However, the reversed trades that do become winners plus the winning trades that continue to get more into profit will keep the equity high enough to make the account safe from margin calls and will eventually give you the 1% equity pop above LastFlatEquity. Sometimes that comes very quickly, sometimes it does not, but so far it has always happened eventually.

MC has repeatedly advised trading these EAs on demo accounts until you become comfortable with the "drawdowns" and confident in the ability of the EA to recover.

I, personally,have been working with MC on this concept and trading demos with each new version we develop for well over a year. The earlier versions had many names and we continued to improve the strategy with each new version. After all of that I am now confident that the Basket14 and Confirm14 EAs that MC has been kind enough to share on this forum will perform as expected. I have just started a live account with Basket14_01 this week (8 Sep) and I am very comfortable with it. I will sleep well this weekend even though that live account has not yet had an equity pop and has trimmed 5 times and all the reversed trades are currently losers and I still have a small negative PL. My drawdown by the above definition is a little over 5% but I'm confident that it will come into profit next week.
Frazer
  • #218
  • Sep 11, 2010 4:09am Sep 11, 2010 4:09am
I am new to this form of trading and have read this thread with interest. First thing I believe to bear in mind is that all systems win some and lose some the trick is win more and lose less. Basket Trading helps to even the playing field through diversification.
I also believe that there are certain pairs which will go up while their "mirror" will go down and vice versa. With the ....add version of this basket is it a viable if indeed a prudent option to trim the "mirror" of the currency by 1/10th every hour (even if this is pre-emptive) as 1/10th is added to its opposite. This of course works on the assumption of direct reflection between pairs.
Everyone here seems to be testing with a demo account of $10,000.00 this is ok to test but what would you recommend as the minimum to go live with because I like a lot of other people don't have £10k to throw at an individual trading scheme and I like to test with a realistic amount in the demo to as closely as possible mirror my live account when ever I feel to need to take the plunge.
  • #219
  • Sep 11, 2010 8:36am Sep 11, 2010 8:36am
Quoting MetaCoder
These two EAs I'm sharing are experimental. The results will confirm or refute certain ideas I have about the multi-pair RVI.
@MetaCoder

Inserted Code
NumBuys  == 14 && Group1_rviSignal0 > 0.0 && Group1_rviSignal0 > 0.0)       ||
      (NumSells == 14 && Group1_rviSignal0 < 0.0 && Group1_rviSignal0 < 0.0)))
at line 307 makes no sense at all, you check Group1_rviSignal0 twice.
Btw, I strongly recomment the use of arrays in mt4 coding. it makes code slightly more readable and reduces errors.
  • #220
  • Sep 11, 2010 8:45am Sep 11, 2010 8:45am
Pipssqueak, I start most of my demos now with $5,000. But my earlier demos were $1,000 and they did well.
Frazer
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