Basket 14 EA System | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Relative Strength Basket Trading System 3,479 replies

Simple Basket Trading system 61 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Attachments: Basket 14 EA System
Exit Attachments

Basket 14 EA System

  • #621
  • Sep 23, 2010 4:55pm Sep 23, 2010 4:55pm
Quoting frazerd
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.

To get the dollar value is quite easy. Unfortunately I dont have enough time to code it myself, even though it doesn't seems to be too complicated.

I would use something like this:

Inserted Code
GBPUSD_PL_Dollars = DoubleToStr(GBPUSD_PL*MarketInfo("GBPUSD",MODE_TICKVALUE)*UseLots,1)

or if you want to just see dollar values of phantom trades you can modify the comment string to something like this:

Inserted Code
...
"nGBPUSD Phantom PL: " + DoubleToStr(GBPUSD_PL,1) + " pips  $" + DoubleToStr(GBPUSD_PL*MarketInfo("GBPUSD",MODE_TICKVALUE)*UseLots,1) + 
"nEURGBP Phantom PL: " + DoubleToStr(EURGBP_PL,1) + " pips  $" + DoubleToStr(EURGBP_PL*MarketInfo("EURGBP",MODE_TICKVALUE)*UseLots,1) + 
 
...

p777m
  • #622
  • Sep 23, 2010 5:08pm Sep 23, 2010 5:08pm
Update: In a drawdown, I have not hit the new equity target still waiting but confidence is high
Juiceman
  • #623
  • Sep 23, 2010 6:17pm Sep 23, 2010 6:17pm
Quoting p777m
To get the dollar value is quite easy. Unfortunately I dont have enough time to code it myself, even though it doesn't seems to be too complicated.

I would use something like this:

Inserted Code
GBPUSD_PL_Dollars = DoubleToStr(GBPUSD_PL*MarketInfo("GBPUSD",MODE_TICKVALUE)*UseLots,1)

or if you want to just see dollar values of phantom trades you can modify the comment string to something like this:

[code]...
"nGBPUSD Phantom PL: " + DoubleToStr(GBPUSD_PL,1) + " pips...
Close, but not quite. Tick value is one-tenth normal when there is another decimal place for exchange rates, is it not? Your example will work with "normal" 2 and 4 decimal rates.

I knew people were going to chime in like this, which is why I asked them not to...

However, if you're SURE tick value remains fixed regardless of how many decimal places are in the exchange rate, then I thank you and ask indulgence for my ignorance.
Open to new approaches.
  • #624
  • Sep 23, 2010 6:18pm Sep 23, 2010 6:18pm
Quoting frazerd
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?
You're missing that pips are pips. What changes are the lot size and dollar target as account equity grows.

20 pips when the lot size is 0.02 gives you more money than when the lot size is 0.01.
Open to new approaches.
  • #625
  • Sep 23, 2010 6:21pm Sep 23, 2010 6:21pm
Here's my first attempt at modifying Phantom14_Add_01 to use a dollar trigger for adding new trades.

To know if it's correct, we'll need to test on both 4-digit and 5-digit accounts.
Attached File(s)
File Type: mq4 Phantom14_Add_01a.mq4   48 KB | 308 downloads
Open to new approaches.
  • #626
  • Sep 23, 2010 6:27pm Sep 23, 2010 6:27pm
One item that I found last night that is quite interesting. I use another system on the same account and it opened a trade. The trade went positive and drove my equity above the target ob basket.

Basket then closed all open trades except the other EA's trades and started at ground zero again.

Very interesting, currently I am in a drawdown but have faith in the system as it effectively hedges and I believe that the root system is virtually flawless. I am currently checking the phantom system on a demo account. If it works out well I hope to put it on my small experimental account first of next week. Will chime in if I see anything else.
  • #627
  • Sep 23, 2010 6:53pm Sep 23, 2010 6:53pm
MC,
Just for clarification on phantom 02

1. Trades will open at the top of every hour when the phantom pip count >20 pips
2. does this also apply to phantom trades that are >-20 pips?
3. if yes to #2, can you adjust the onscreen display to show whether the phantom trade is a buy or sell?

Thanks for info, I have this one up on demo as well (you are taking up way too many demo's here!
  • #628
  • Sep 23, 2010 7:10pm Sep 23, 2010 7:10pm
Quoting skoda2008
Good idea! I'll be interested in seeing if a pattern develops...
Nope no pattern, sorry Skoda.

I'll be experimenting with using the CCFp indicator next week.
  • #629
  • Sep 23, 2010 7:24pm Sep 23, 2010 7:24pm
Wow, MC you've been busy while I've been sleeping!

I really appreciate you considering my ideas, I think phantom 2 is very close to what I was suggesting.

However I still believe in Basket14_03 and skoda's work, but as I said in a previous post I will be using the CCFp indicator to figure out the direction of each pair when opening trades.

I've had good success with Basket14_03 and Basket_03-Skoda_02 so this is my last try at getting it right.

Phantom strategy has a LOT of potential though and I will be intently following it's progress and of course sharing my ideas on it :-)

I'll review the coding in Phantom_02 and give you my thoughts.
  • #630
  • Sep 23, 2010 7:36pm Sep 23, 2010 7:36pm
I started demos for Phantom 01a and 02, they look normal so far, based on the screen comments. No trades opened yet.
Open to new approaches.
  • #631
  • Sep 23, 2010 7:46pm Sep 23, 2010 7:46pm
Hi MetaCoder,

You have coded Phantom_02 with my suggestion correctly, I am actually surprised at how easy it was to code in the end, props to you :-)

Cheers,
the-game.
  • #632
  • Sep 23, 2010 7:57pm Sep 23, 2010 7:57pm
Quoting the-game
Nope no pattern, sorry Skoda.

I'll be experimenting with using the CCFp indicator next week.
I like the Phantom add idea, but will still persist with developing the indicator I mentioned earlier, as it may still help to decide when to start trading one of the other systems.
  • #633
  • Sep 23, 2010 8:08pm Sep 23, 2010 8:08pm
Quoting CUtiger95
One item that I found last night that is quite interesting. I use another system on the same account and it opened a trade. The trade went positive and drove my equity above the target ob basket.

Basket then closed all open trades except the other EA's trades and started at ground zero again.
Firstly, MC has asked you NOT to run these EAs on the same account with another EA or manual trades.

Secondly, the EA closes by magic number. It will never close trades it did not open.
Frazer
  • #634
  • Sep 23, 2010 8:16pm Sep 23, 2010 8:16pm
Quoting MetaCoder
I started demos for Phantom 01a and 02, they look normal so far, based on the screen comments. No trades opened yet.
I also have both EAs running. Started 02 3 hours ago and it made 1 trade at 0200 and it's down about $5. I changed the pipsTarget to 30 just now.

I set 01a to take .5% profit in hopes that it will close quickly and frequently - we'll see. The dollar phantoms look great on my 5 decimal account.
Frazer
  • #635
  • Edited 9:08pm Sep 23, 2010 8:48pm | Edited 9:08pm
Hi frazerd,

A suggestion if I may.

Please try to keep the same settings as your Add_01 demo for both Phantom EAs (01a and 02). That is the only way to compare the three together.
  • #636
  • Sep 23, 2010 9:11pm Sep 23, 2010 9:11pm
Quoting the-game
Hi frazerd,

A suggestion if I may.

Please try to keep the same settings as your Add_01 demo for both Phantom EAs. That is the only way to compare the three together.
Well there are more than 2 phantoms now and the only one that can be accurately compared to Bskt_Add_01 is Phtm_Add_01a because it's the only one that uses dollar phantom trades. And that one cannot really be compared accurately either because when we started using phantom trades and no longer had the big lot size losers, we decided to open bigger lot size add trades. The MaxMargin setting controls the live trades (the add ons) and it is not 1/10.

Finally, it is near impossible to compare trade for trade because none of them were started simultaneously.
Frazer
  • #637
  • Sep 23, 2010 9:17pm Sep 23, 2010 9:17pm
You have a good point and that's fair enough (I did edit my post above to say 01a, sorry)

But I was just saying to compare on a day to day basis not trade for trade.

I really want to see results to see which one would "equity pop" faster and which one would gain the most at the end of, lets say, each week.
  • #638
  • Sep 23, 2010 9:21pm Sep 23, 2010 9:21pm
Quoting the-game
You have a good point and that's fair enough (I did edit my post above to say 01a, sorry)

But I was just saying to compare on a day to day basis not trade for trade.

I really want to see results to see which one would "equity pop" faster and which one would gain the most at the end of, lets say, each week.
You are welcome to test them yourself. I am keeping mine as I currently have them set because of things I want to compare.
Frazer
  • #639
  • Sep 23, 2010 9:29pm Sep 23, 2010 9:29pm
Okay point taken
  • #640
  • Sep 23, 2010 9:31pm Sep 23, 2010 9:31pm
I guess my post was glossed over, but seems logical to me that phantom negative trades should also be acted upon.
If long gbpjpy phantom is more than -20 pips in the hole, a short gbpjpy would be taken.
2 traders viewing now