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Basket 14 EA System

  • #601
  • Sep 23, 2010 9:15am Sep 23, 2010 9:15am
Quoting the-game
BUT! What the EA failed to track was the initial trade's hourly progress.

If it did track the hourly progress, then it wouldn't have added more trades when it noticed that the pair was slowly pulling back in terms of the initial trade's last hour's profit.
I particularly like this idea, but it sounds like it would be a coding nightmare. With your skills, maybe you and MC could collaborate on some of these ideas. I think this could be a super EA.

Thanks the-game.
Frazer
  • #602
  • Sep 23, 2010 10:26am Sep 23, 2010 10:26am
I'm not saying the-game's idea is not good, it might be excellent, but I'm not going to add logic to an EA when it's trading as I intended and I haven't even seen it work for more than 12 hours.

When you get idea you think is great and you really believe in it, then it should be worth trying to code it yourself. You'll learn a lot and if you're not careful you might even have fun.

I like to let new ideas brew in my mind for a while before I decide whether I'm going to code them.
Open to new approaches.
  • #603
  • Edited 4:25pm Sep 23, 2010 11:14am | Edited 4:25pm
Quoting the-game
If it did track the hourly progress, then it wouldn't have added more trades when it noticed that the pair was slowly pulling back in terms of the initial trade's last hour's profit.
I believe the essence of what you're saying is that all trades on a pair should be positive before adding more trades to the pair. That AUTOMATICALLY means hourly progress has been positive, or at least the spirit of your idea is supported.

Maybe there are several trades open on a pair, and an hour comes where a couple of them pulled back. At minute 0 of that hour, no trades would be opened on it. But if one hour later all trades on the pair were positive, we have forward progress and we'd open another trade on the pair.

Of course, if no trade has been opened for a pair yet, we would allow a new trade on it.
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Attached File(s)
File Type: mq4 Phantom14_Add_02.mq4   46 KB | 323 downloads
Open to new approaches.
  • #604
  • Sep 23, 2010 11:22am Sep 23, 2010 11:22am
That sounds like it's pretty close to what the-game was suggesting. Works for me. I'll try it on a different platform to compare.
Frazer
  • #605
  • Sep 23, 2010 12:20pm Sep 23, 2010 12:20pm
Add_01 has closed again today with similar results - basket trades -$50, add-ons +$99.
Attached File(s)
File Type: xls Bskt14_Add_01_500-1.xls   109 KB | 233 downloads
Frazer
  • #606
  • Sep 23, 2010 1:04pm Sep 23, 2010 1:04pm
Even the strategy we consider less optimal keeps giving gains.
Open to new approaches.
  • #607
  • Sep 23, 2010 1:31pm Sep 23, 2010 1:31pm
Thanks, Frazer.
  • #608
  • Sep 23, 2010 1:52pm Sep 23, 2010 1:52pm
So far reading from the results posted so far it appears that confirm14_03 and Basket 14_Add_01 are working better than the others.
Any disagreement?

What would be the difference if Add_04 is used instead. Frazerd have u tried Add04?
  • #609
  • Sep 23, 2010 2:14pm Sep 23, 2010 2:14pm
Go forward not backward and try the phantoms.
Open to new approaches.
  • #610
  • Sep 23, 2010 2:38pm Sep 23, 2010 2:38pm
Meta there is nothing to prevent big losses when using phantom. I started using it but then felt the need to have stop loss. As I was not sure of what to do about it I started testing Add_04.

Do you have any suggestions?
  • #611
  • Sep 23, 2010 3:10pm Sep 23, 2010 3:10pm
Have you missed that the trades are within the framework of a pure synthetic hedge? So yes there is something in place to prevent large losses: hedging.

I suggest you look to other strategies if you are uncomfortable not having stoplosses.
Open to new approaches.
  • #612
  • Sep 23, 2010 3:24pm Sep 23, 2010 3:24pm
Quoting forexripper
Meta there is nothing to prevent big losses when using phantom. I started using it but then felt the need to have stop loss. As I was not sure of what to do about it I started testing Add_04.

Do you have any suggestions?
We don't have stop losses on any of these EAs. Why do you feel the need on this one? The lot sizes are very small and since we do not trade the basket, only the small add trades, the gains and losses are very small. And, like all the other EAs on this thread, it only closes when there is a gain. The losses are only temporary.

I have had it running since last night and the largest floating loss has been $61. I only look at it occasionally, maybe once every hour or so, and the biggest floating gain I've seen has been about $30. It has a floating loss right now of $4.
Frazer
  • #613
  • Sep 23, 2010 3:41pm Sep 23, 2010 3:41pm
Quoting MetaCoder
Even the strategy we consider less optimal keeps giving gains.
Yes, I am very enthusiastic about the results of Bskt_Add_01. On the other hand, I am disappointed in Phtm_Add_01 so far. I expected it to take profit much more quickly. It now has 34 trades and a -$2 floating PL.

I think the PipTarget4Add may be too low. At first I thought it was too high and lowered it for 2 hours, but then went back to 20. After I get the first close I will try a higher number. I have trouble relating pips to $s. And, of course Bskt_Add only looks at $s. I think that has to be the difference in performance.
Frazer
  • #614
  • Sep 23, 2010 4:16pm Sep 23, 2010 4:16pm
MC, I have noticed that the phantom trades on my 02 demo are not updating. I've been watching it since prior to 2300 GMT and nothing has changed in over 15 minutes. Any thoughts on why that might happen? It will never trade at this rate.
Frazer
  • #615
  • Sep 23, 2010 4:19pm Sep 23, 2010 4:19pm
The PipTarget4Add default of 20 is pretty small. It's a lot more than 20 pips that would be needed to get the DollarProfitTarget.

So what has happened is that add-on trades started opening much sooner than they would have in previous versions.

We can find out what was the typical pip level to start triggering trades in earlier versions, or I can code the phantom profit in dollar terms -- tricky because we have to account for four or five digit exchange rates.
Open to new approaches.
  • #616
  • Sep 23, 2010 4:19pm Sep 23, 2010 4:19pm
Quoting frazerd
MC, I have noticed that the phantom trades on my 02 demo are not updating. I've been watching it since prior to 2300 GMT and nothing has changed in over 15 minutes. Any thoughts on why that might happen? It will never trade at this rate.
No clue.
Open to new approaches.
  • #617
  • Sep 23, 2010 4:25pm Sep 23, 2010 4:25pm
It was a classic software bug. Fixed it. Redownload from here: http://www.forexfactory.com/showpost...&postcount=603
Open to new approaches.
  • #618
  • Sep 23, 2010 4:28pm Sep 23, 2010 4:28pm
Quoting MetaCoder
We can find out what was the typical pip level to start triggering trades in earlier versions, or I can code the phantom profit in dollar terms -- tricky because we have to account for four or five digit exchange rates.
Seems like the best solution is to have the phantoms in dollars, then we are duplicating Bskt_Add_01 exactly. Also, using pips means we have to keep adjusting it as the Dollar Profit Target gets bigger.

EDIT: There I go asking for the more difficult coding solution again. Sorry MC.
Frazer
  • #619
  • Sep 23, 2010 4:36pm Sep 23, 2010 4:36pm
NO, using pips doesn't mean we'd have to keep adjusting it.
Open to new approaches.
  • #620
  • Sep 23, 2010 4:46pm Sep 23, 2010 4:46pm
Are you sure? It is not a percentage of Equity as is Dollar Profit Target. SO if I figure the number of pips that equates to my current Dollar Profit Target, that number will only be good until the next close and then I'll have to adjust it if I want this EA to operate the same as Bskt_Add. Or am I missing something?
Frazer
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