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Basket 14 EA System

  • #261
  • Sep 13, 2010 3:30pm Sep 13, 2010 3:30pm
meta:
can u give a little info about the latest ea, the oneway versions?
What's different about them. I've tossed one on a demo a little bit ago and i notice it doesn't open trades right away like the others, so just curious about the logic (and making sure it's working correctly of course too).
  • #262
  • Sep 13, 2010 4:45pm Sep 13, 2010 4:45pm
Quoting tazmaan
meta:
can u give a little info about the latest ea, the oneway versions?
What's different about them. I've tossed one on a demo a little bit ago and i notice it doesn't open trades right away like the others, so just curious about the logic (and making sure it's working correctly of course too).
The Oneway 14 EA, as the name implies, trades all 14 pairs in the same direction based on specific conditions of the RVI being met to determine short or long. It will not place any trades until those conditions are met. If you open the mq4 file, MC always explains at the top of the coding how the EA works.
Frazer
  • #263
  • Sep 13, 2010 4:51pm Sep 13, 2010 4:51pm
thanks frazer,
After i sent that post i did check the code and I see what it's sposed to do. So probably will trade very rarely, if all 14 pairs have to fall below -.15 on the rvi to trigger trades.
  • #264
  • Sep 13, 2010 5:00pm Sep 13, 2010 5:00pm
Or above +.15. I think he's talking about the 7 pair RVI for each group, not individual pairs, but you're right, I don't think we will see a lot of trades opening with this one, but when they do open they may be quite profitable?? MC is not a big believer in indicators and I think he's trying to prove a point with this EA.
Frazer
  • #265
  • Sep 13, 2010 7:40pm Sep 13, 2010 7:40pm
This seems more like the trader101 approach where 7 buys and 7 sells are opened every Sunday. Let all buys settle down either on the top or bottom and sells on the opposite end. Trades taken in one direction when one of the buys from bottom crosses sell territory and reaches the top (safest approach); take all one way buys (14 trades) and vice versa when a sell reaches the top.

Try it out as I have been and it works fine. Lots of pips. Ofcourse there is a script to open and close all trades at once and there is one for locking profits.

This may be or may be not the right forum to mention this but just thought to due to similarity in approach.
  • #266
  • Sep 13, 2010 7:48pm Sep 13, 2010 7:48pm
Quoting forexripper
This seems more like the trader101 approach where 7 buys and 7 sells are opened every Sunday. Let all buys settle down either on the top or bottom and sells on the opposite end. Trades taken in one direction when one of the buys from bottom crosses sell territory and reaches the top (safest approach); take all one way buys (14 trades) and vice versa when a sell reaches the top.

Try it out as I have been and it works fine. Lots of pips. Ofcourse there is a script to open and close all trades at once and there is one for locking profits.

This...
for this approach to work, wouldn't you need ea running on 2 platform ... 1 to monitor the 7 buy/sell trades , main to actually take 14 one way trades
  • #267
  • Sep 13, 2010 8:05pm Sep 13, 2010 8:05pm
Quoting junglist0000
for this approach to work, wouldn't you need ea running on 2 platform ... 1 to monitor the 7 buy/sell trades , main to actually take 14 one way trades
It can be done on one EA. MC has done something similar before using phantom trades. We tried that approach with several variations and it did not work well for us. However that does not mean MC would not be agreeable to trying it again if the approach were different than what we've done before and I don't think we've tried exactly what forexripper is describing.
Frazer
  • #268
  • Sep 13, 2010 8:44pm Sep 13, 2010 8:44pm
well believe it or not, it didnt take long at all for the oneway 14_2 to take trades and hit gec. Was gone for a few hours came back and i see 1% banked and another set of trades open now. guess we'll see how it does over time
  • #269
  • Edited 9:56pm Sep 13, 2010 9:42pm | Edited 9:56pm
My Oneway also took 14 buy trades and 12 of the 14 are winners, now 13. I had made a major error when I set up the demo. I forgot that this demo was at 100:1 leverage and set Max Margin to 0.2 thinking it was my usual 500:1. To compensate and get it back on track i changed ProfitPct to 0.3 which should close pretty quick so I can reset it to the correct 1.0 MaxMargin.

EDIT: Closed for .26% and is now set properly at 100:1 leverage, 1.0 MaxMarginToUse and 1.0 ProfitPct. Has not reopened trades yet.
Frazer
  • #270
  • Sep 13, 2010 9:51pm Sep 13, 2010 9:51pm
mine closed out the second set as well, and is flat now. so far so good, two quick hits and done.
  • #271
  • Sep 13, 2010 10:04pm Sep 13, 2010 10:04pm
which version u are using?
  • #272
  • Sep 13, 2010 10:38pm Sep 13, 2010 10:38pm
if you are asking me (not sure) i am testing just about every version.
but the one I last referred to was oneway 14_2
  • #273
  • Sep 13, 2010 11:00pm Sep 13, 2010 11:00pm
I red that EA's doesn't work, so how come you are offering such a unsure way to make money?


Jessica
  • #274
  • Sep 13, 2010 11:40pm Sep 13, 2010 11:40pm
Put 03 in action last Thurs. at 1:30GMT. Screenshots show current status. She must really be grinding away.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: b14a.gif Size: 51 KB
Click to Enlarge Name: b14b.gif Size: 50 KB
  • #275
  • Sep 13, 2010 11:57pm Sep 13, 2010 11:57pm
My Oneway opened all 14 pairs and closed all of them 1 minute later at 1% profit.
It didn't enter new trades.

So far looking good!
  • #276
  • Sep 14, 2010 12:05am Sep 14, 2010 12:05am
It would be possibly a good idea to have a Global Trail Stop
for the basket Oneway_02. I believe that there is more profit available with the Oneway method.
  • #277
  • Sep 14, 2010 12:08am Sep 14, 2010 12:08am
Quoting frazerd
My Oneway also took 14 buy trades and 12 of the 14 are winners, now 13. I had made a major error when I set up the demo. I forgot that this demo was at 100:1 leverage and set Max Margin to 0.2 thinking it was my usual 500:1. To compensate and get it back on track i changed ProfitPct to 0.3 which should close pretty quick so I can reset it to the correct 1.0 MaxMargin.

EDIT: Closed for .26% and is now set properly at 100:1 leverage, 1.0 MaxMarginToUse and 1.0 ProfitPct. Has not reopened trades yet.
Have you tried running these EA's at a lower ProfitPct (on purpose) so that they take smaller profits more often? You and MetaCoder seem to be very thorough, so I assume you have, and the 1% figure wasn't just picked at random. Just thought I'd ask before reinventing the wheel.

In other news, I went live at the start of the forex week using Basket14_01 with ET2 on two accounts & they have already had two equity pops each! Interestingly, even though they were started less than 1 min apart, the biggest losers that they are reversing are different.
  • #278
  • Sep 14, 2010 1:16am Sep 14, 2010 1:16am
MY add 01 closed all 159 trades with big lost of -387.78 on 10000 demo account.and i have the latest version of the EA.i dont know why i got that big lost?
Can MC tell me what could be wrong with add-01 EA please?
regards
fred
  • #279
  • Sep 14, 2010 3:25am Sep 14, 2010 3:25am
14_03

Last Flat Bal = $3025
Current = $2353
Margin % 359.32
DD = -6.06%
  • #280
  • Sep 14, 2010 3:59am Sep 14, 2010 3:59am
I had run Basket 14-02 last week using an ET of 3. Having read on this forum yesterday that some people prefer an ET of 2, I reloaded the EA. So far there has been 3 equity pops giving a total profit of £159.41. Currently down £453. Max floating DD so far -10.20% and lowest margin 529.18%

One odd point I noticed is that my overnight basket closed at 08:36 this morning (UK time). The new basket started to open however within one minute it decided to reverse gbpjpy. The new gbpjpy trade happens to be my biggest loser. I am also now trading 6 buys and 8 sells. I understand this can happen with this EA, but I didn't realise it could happen within a minute of the original trade opening. Had it remained as it was I reckon there would have been another equity pop by now.

Paul
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