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Attachments: Basket 14 EA System
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Basket 14 EA System

  • #341
  • Sep 15, 2010 11:19am Sep 15, 2010 11:19am
Meta can you help me with the settings. My settings are:

Slippage = 3;
MiniSize = 10000;
StdSize = 100000;
MaxTrades = 14;
ExceedenceTrigger = 3;

UserTradingAllowed = true;
StopAfterNoTrades = false;
UseSmallestLot = true;
MaxMarginToUse = 0.5; // Maximum percent of margin to commit to trades.
Lots = 0.1;
ProfitPct = 0.003;
MaxMiniProfit = 1000.0;
MaxStdProfit = 10000.0;
RVIentryTrigger = 0.15;
RVIexitTrigger = 0.0;
MagicNumber = 777111;

Since its a very big amount demo account I changed the maxmargin to 0.5 and profit to 0.003.

Do I need to change anything here?
  • #342
  • Sep 15, 2010 11:21am Sep 15, 2010 11:21am
Pinhead - maybe you're expecting 1% of the wrong thing.

The current equity must rise 1% above last flat equity. Is that what you're watching for? Or are you for floating PL (the incorrect thing to watch)?

___

forexripper, is it a standard or mini, and what is the leverage level? Also, a screen snapshot showing the EA's comments and open trades would be most helpful.
Open to new approaches.
  • #343
  • Sep 15, 2010 11:39am Sep 15, 2010 11:39am
min account and leverage 500:1
I closed the trades manually (used a script to close all) so would not be able to provide a screen shot.

Not planning to try OneWay14 anymore as you too have thrown it out of the window.

Now testing Add 01.

Will test OneWay with T101 indicator and take trades when they both match.
  • #344
  • Sep 15, 2010 11:47am Sep 15, 2010 11:47am
MC

Thanks for the quick response. And thanks for these amazing systems, too.

The current equity must rise 1% above last flat equity. Is that what you're watching for? Or are you for floating PL (the incorrect thing to watch)?


Yeah, that's probably what I'm doing. My wore-out old melon sometimes has difficulty grasping the simplest things!
I think the 'WOW factor' has overwhelmed me!
Thanks
Mike
  • #345
  • Sep 15, 2010 11:48am Sep 15, 2010 11:48am
forexripper, UseSmallestLot should be set to False if you want the money mgmt MaxMarginToUse 0.5 to work. With the settings you are using you are probably only opening .01 lots per trade.

Having said that, I can't tell if MaxMarginToUse is set correctly. That depends on the leverage you're using as per the instructions at Post #1 and/or your own preference for how much margin to use.
Frazer
  • #346
  • Sep 15, 2010 11:53am Sep 15, 2010 11:53am
Quoting Pinhead
MC

Thanks for the quick response. And thanks for these amazing systems, too.

The current equity must rise 1% above last flat equity. Is that what you're watching for? Or are you for floating PL (the incorrect thing to watch)?


Yeah, that's probably what I'm doing. My wore-out old melon sometimes has difficulty grasping the simplest things!
I think the 'WOW factor' has overwhelmed me!
Thanks
Mike
Hey, pinhead I have the same problem with a worn out old melon so I do it the simple way. The EA calculates the 1% for you and displays it in your screen comments in terms of Dollar Profit Target and Equity Profit Target. The Equity Profit Target tells you exactly what your EQUITY must be to get the pop.
Frazer
  • #347
  • Sep 15, 2010 11:53am Sep 15, 2010 11:53am
well thats an interesting concept

Quoting forexripper
min account and leverage 500:1
I closed the trades manually (used a script to close all) so would not be able to provide a screen shot.

Not planning to try OneWay14 anymore as you too have thrown it out of the window.

Now testing Add 01.

Will test OneWay with T101 indicator and take trades when they both match.
  • #348
  • Sep 15, 2010 11:59am Sep 15, 2010 11:59am
Here is Basket14_03a. I'm not adding it to the first post since there is a 7-attachment limit per post.

I probably can't fully explain the entry criteria in plain English, but I'll try.

Let's start with the entry criteria for ver 03. That one only looks for the RVI of one group to be above the RVI of the other group to make its directional choice.

Ver 03a does that same thing, PLUS it looks for an exceedence of the midpoint between the highest RVI delta between the two groups and the average RVI delta over the last 100 15-minute bars before it enters.

So, 03a will sometimes be out of the market.

But it's exactly the same as ver 03 other than the entry logic.

And there is no guarantee it'll get us to profit any sooner. But it MIGHT and I thought this would be worth a try.

So here it is.

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Attached File(s)
File Type: mq4 Basket14_03a.mq4   43 KB | 300 downloads
Open to new approaches.
  • #349
  • Sep 15, 2010 12:05pm Sep 15, 2010 12:05pm
Quoting The Preacher
Am new to this thread and i i want somebody to be patient and help me explain. I saw about 7 EA which i actually downloaded. But my question is,do i use all the EA at once on one pair or should i put them differently on different pairs? or one at a time. I read the faq but couldn get the explanation there. Every seems to be very fast on this thread
Do yourself a favor and devote at least a couple of hours to reading the whole thread, and read the FAQ again, carefully. You will find your answers.

Understand that some of us have thousands of hours into this stuff and a request that you put in 2 or 3 hours before we extend ourselves even further should seem fair enough.
Open to new approaches.
  • #350
  • Sep 15, 2010 12:21pm Sep 15, 2010 12:21pm
Many thanks to Meta and Frazerd for their prompt responses and help.

So far
1) confirm14_03 is working as required with 1% almost every day so far (3 days).

2) Basket14_02 is being tested (will post results soon).

3) Add 01 is also under testing (will post results soon).

4) OneWay14_02 - out of the window for this forum testing but looking at it along with T101 indicator (developed by Crodzilla) to take trades when both match. No trades so far since beginning of this approach i.e. since yesterday.
  • #351
  • Sep 15, 2010 12:23pm Sep 15, 2010 12:23pm
MC,

Here is an example of what I am working on ( derived from work done by SMJONES - modified heavily) in an attempt to view the dynamics of the two groups. I am working on displaying these charts as bars scaled to represent US Dollars. The indies show:

1. Group1 pip bars ( Red and Green Lines are Triple EMA of bar Bid )
2. Group2 pip bars ( Red and Green Lines are Triple EMA of bar Bid )
3. Group1+2 pip bars ( Red and Green Lines are Triple EMA of bar Bid )
4. Buy1/Sell2 net bars
5. Sell1/Buy2 net bars ( reciprocal of 4 )

Lines in 4 and 5 show Triple Ema of 1, 2, 3, 4, 5 day bars.
Darkest green is 1 day trend, Lightest green is 5 day trend.

I see some problems that I need to work on/debug/refine. Nevertheless, maybe this sort of view can give us some insights on how to trade the Groups.
Attached Image (click to enlarge)
Click to Enlarge Name: basket14 candles.gif Size: 41 KB
  • #352
  • Edited 1:38pm Sep 15, 2010 12:26pm | Edited 1:38pm
Hey, pinhead I have the same problem with a worn out old melon so I do it the simple way. The EA calculates the 1% for you and displays it in your screen comments in terms of Dollar Profit Target and Equity Profit Target. The Equity Profit Target tells you exactly what your EQUITY must be to get the pop.

Yeah, I saw those in the screen comments immediately after posting my question. That's how it usually goes.

Thanks, Frazer
Mike

PS: Just put 03a on a demo acc't. Will update w/results.
  • #353
  • Sep 15, 2010 2:18pm Sep 15, 2010 2:18pm
Have been testing basket 14-02 for a while now. Very impressed - gone live on a small account tonight. Will keep you all posted

Paul
  • #354
  • Sep 15, 2010 3:02pm Sep 15, 2010 3:02pm
Quoting MetaCoder
.... I'll pursue variations of Add, ....
MC, as you know, I am persistent when it comes to pushing something new that I think might work. I continue to believe that a trim and reverse strategy would make this EA even more productive. Why don't we use a reverse of the add strategy to determine when to trim. Rather than the 24 hr high/low and exceedence, trim and reverse any trade that exceeds minus the Dollar Profit Target. The way add_01 has been working we may not see a trim often anyway, but on those occasions when the adds have gone the wrong way, a trim and reverse might speed things up.
Frazer
  • #355
  • Sep 15, 2010 3:06pm Sep 15, 2010 3:06pm
Quoting frazerd
Rather than the 24 hr high/low and exceedence, trim and reverse any trade that exceeds minus the Dollar Profit Target.
I thought we tried something very much like this, even with a controlled pace of trims, and it didn't work well.
Open to new approaches.
  • #356
  • Sep 15, 2010 4:24pm Sep 15, 2010 4:24pm
Quoting MetaCoder
I thought we tried something very much like this, even with a controlled pace of trims, and it didn't work well.
I don't remember one like that, but they say memory is the 2nd thing that goes at my age.

We know that trim/reverse with exceedence trigger works, although not as fast as we'd like sometimes, and it looks like the add concept works even better, so it just seems logical to me that combining the two would be a good thing.
Frazer
  • #357
  • Sep 15, 2010 4:43pm Sep 15, 2010 4:43pm
One other thing we need to be aware of is that add_01 has been doing very well for just a few days. There has been some good trending activity the last few days, which has also caused our other basket EAs to do well. The question is, will add_01 continue to be productive when the market goes choppy again?
Frazer
  • #358
  • Sep 15, 2010 4:58pm Sep 15, 2010 4:58pm
Lots of ideas on the thread and I can't possibly code them all, but I usually code something so here is...something.

It's a ver 02 of the Add EA. It uses one-tenth the customary lot size across the board and maintains that same small lot size for the added trades. This is because sizes this small tip our accounts to profit on Add ver 01, so the initial trades shouldn't have to be large. This should take our drawdown levels way down.

I thought about not opening the usual 14 at all but using the phantom trade technique instead, and then adding in trades as certain phantom pairs get to the defined profit levels. This would have required dusting off old code that managed the phantoms and splicing it in with these newer EAs -- a bit more work. Maybe I'll go that way eventually, don't know for sure yet.

In this version I am also using the new Basket14_03a entry logic to try to get a good edge on trade direction.

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Attached File(s)
File Type: mq4 Basket14_Add_02.mq4   45 KB | 332 downloads
Open to new approaches.
  • #359
  • Sep 15, 2010 5:00pm Sep 15, 2010 5:00pm
Quoting frazerd
The question is, will add_01 continue to be productive when the market goes choppy again?
That's the $64 billion dollar question with any strategy. It does well in THIS kind of action, but is it all-terrain and all-weather?
Open to new approaches.
  • #360
  • Edited 7:34pm Sep 15, 2010 5:36pm | Edited 7:34pm
I can clearly say ,this is the best and most creative thread i have ever seen.thanks especially to Metacoder and Frazerd for their great job.attached is RVI indicator for those who like to have it on the chart.it will show well the market trends.
best regards
Fred
Attached File(s)
File Type: mq4 RVI_v1.mq4   3 KB | 400 downloads
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