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Basket 14 EA System

  • #721
  • Edited 10:49am Sep 27, 2010 10:06am | Edited 10:49am
Quoting frazerd
Whoa, you just reported a margin call on 02. Please don't report a margin call until the broker has actually closed your trades for a loss.

The other person who reported a margin call was brand new to this thread and obviously did not know what was going on if you read his/her other posts.
My apologies.....My margin was well into the negative. I've never been there before.
  • #722
  • Sep 27, 2010 10:16am Sep 27, 2010 10:16am
Hi MC,

I'm looking to test the Basket_01 and a few post said that with ET2 this is better (compare to ET3). But i have a stupid quesiton : what does ET stand for?

Thx
  • #723
  • Sep 27, 2010 10:21am Sep 27, 2010 10:21am
Those with the smaller accounts need to be careful their accounts are not STANDARD accounts. A smaller account like $2,000 should be a mini.
Open to new approaches.
  • #724
  • Sep 27, 2010 10:28am Sep 27, 2010 10:28am
It's with .01 lots.
I have 50:1 on that one.
  • #725
  • Sep 27, 2010 10:54am Sep 27, 2010 10:54am
vienna, my apologies if I have upset you. Now I am very confused. The last statement you posted shows a profit of $60(+). Certainly not a margin call. Can you explain a little more?

It is very important that you go back to the beginning of this thread and educate yourself on everything that we have been doing. You need to understand how the EA works before testing and reporting on it.
Frazer
  • #726
  • Sep 27, 2010 11:13am Sep 27, 2010 11:13am
Quoting sanyhuis
Frazer,
My lots are .01, my margin is 50:1, and the acct size is $2000. Is working well after the pop. That's the demo on Add_02.
The live acct with Add_01 is down $120+ over the last couple of trading days. It is a $2000 acct with 500:1 and .04 lots.
You need to be very careful about what MaxMargin you use for what leverage level. As MC pointed out it is not advisable to trade a very small standard account. Anything less than $5000 should probably be a mini account. I know some brokers, maybe most, do not offer mini accounts. The next best thing is a standard account that has 2 decimal place capability, but that is still not the same as a mini account. My account is at $4800 with 500:1 leverage and with the MaxMargin set to 0.4 it opens 0.1 lots for the basket and .01 for the add-ons. That is the smallest account that will allow the EA to work as MC designed it.

That is not to say that smaller accounts cannot survive. They most cetainly can and have. Yours is a good example of that.

EDIT: I might add that my acct that was down $300 Friday and close to $200 a couple of hours ago, is now down only $80.
Frazer
  • #727
  • Sep 27, 2010 11:26am Sep 27, 2010 11:26am
Frazer,
On my chart, it shows my acct as being a standard acct when it is actually a micro acct. I have 500:1 margin, $2000, Max Margin to Use is .04 and my lots are .04 and .01.
  • #728
  • Sep 27, 2010 11:34am Sep 27, 2010 11:34am
Quoting frazerd
You need to be very careful about what MaxMargin you use for what leverage level. As MC pointed out it is not advisable to trade a very small standard account. Anything less than $5000 should probably be a mini account. I know some brokers, maybe most, do not offer mini accounts. The next best thing is a standard account that has 2 decimal place capability, but that is still not the same as a mini account. My account is at $4800 with 500:1 leverage and with the MaxMargin set to 0.4 it opens 0.1 lots for the basket and .01 for the add-ons. That is...
I''m glad to hear that! My acct was down $200+ and now is down maybe $140. So it's coming around.
  • #729
  • Sep 27, 2010 12:09pm Sep 27, 2010 12:09pm
Quoting the-game
I think the original Basket 14 trim and reverse strategy has a lot of potential and just needs to be refined.
Confirm14 is the refinement. Trouble is, patience is required. People hate that.
Open to new approaches.
  • #730
  • Sep 27, 2010 12:11pm Sep 27, 2010 12:11pm
Quoting the-game
I was being silly... I could forsee how hard it was to code plus your FAQ says, to code it yourself if you think it's a great idea ;-)
It wouldn't be bad at all to code. I think I even had coded it at one point so I'd have the code sitting in my archives.
Open to new approaches.
  • #731
  • Sep 27, 2010 12:16pm Sep 27, 2010 12:16pm
Quoting the-game
Strange indeed. I still think it is not needed as you are not dividing UseLots into 10 or any code using the factor of 10.
But the new tick value code, involving division by 10, could have been wrong and not a generic solution for all brokers and account types (mini and standard).

What I was seeing on my 50:1 mini demo could have been different from what someone else was seeing on their 500:1 standard demo. I still haven't thought it all through -- to keep it generic and correct for all brokers and account types.
Open to new approaches.
  • #732
  • Sep 27, 2010 12:27pm Sep 27, 2010 12:27pm
I don't think everyone understands that a 0.01 lot size on a mini account is different from a 0.01 lot size on a standard account, though I'm sure most understand it fully.

And how many folks completely understand the exact nuances of managing multiple pairs in the context of point, tick size, tick value, symbol name mangling, etc?

Then you throw in the slightly complex settings of the EAs, and it's hard to keep things uniform for all users.

Another obstacle -- human impatience. Traders see an EA get good results fast, because sometimes that can happen, then expect that kind of result on any given day, regardless of what kind of market action we're having.

However, I still strive to get it all correct and robust so anyone can throw these EAs on just about any broker's MT4 demo and get good results.

I hope people will understand if I don't respond to every query about why I made a certain code change, or why isn't this EA giving me great results today.

Good trades to you all.
Open to new approaches.
  • #733
  • Sep 27, 2010 1:21pm Sep 27, 2010 1:21pm
Quoting MetaCoder
But the new tick value code, involving division by 10, could have been wrong and not a generic solution for all brokers and account types (mini and standard).

What I was seeing on my 50:1 mini demo could have been different from what someone else was seeing on their 500:1 standard demo. I still haven't thought it all through -- to keep it generic and correct for all brokers and account types.
Well, you and the-game have me totally confused at the moment with all that techy talk. When Add_01 eventually decides to close I want to start Phtm_Add_01_the-game and run them side by side for a good comparison. Should I use the-game's original version or your modified version?
Frazer
  • #734
  • Sep 27, 2010 1:39pm Sep 27, 2010 1:39pm
Quoting sanyhuis
Frazer,
On my chart, it shows my acct as being a standard acct when it is actually a micro acct. I have 500:1 margin, $2000, Max Margin to Use is .04 and my lots are .04 and .01.
I think you mean MaxMargin is 0.4. If this is your GoMarkets account, they only offer standard accounts as far as I know. In any event the EA reads the account type right off your MT4 platform - if it says it's a standard, that's what it is. Same with leverage.

Your account is less than half the size of mine and using the same settings. Therefore your lot sizes for the basket trades are less than half what mine are. The add-ons are 1/10 the size of the basket trades or the lowest lot size available on your platform (.01). Those differences in lot sizes account for the fact that your account was down about 10% when mine has been down about 6%(+).

I hope this helps a little with understanding why things are as they are.
Frazer
  • #735
  • Sep 27, 2010 1:45pm Sep 27, 2010 1:45pm
Quoting frazerd
I think you mean MaxMargin is 0.4.
No I think he does mean MaxMarginToUse.
Open to new approaches.
  • #736
  • Edited 2:02pm Sep 27, 2010 1:45pm | Edited 2:02pm
Quoting frazerd
I think you mean MaxMargin is 0.4. If this is your GoMarkets account, they only offer standard accounts as far as I know. In any event the EA reads the account type right off your MT4 platform - if it says it's a standard, that's what it is. Same with leverage.

Your account is less than half the size of mine and using the same settings. Therefore your lot sizes for the basket trades are less than half what mine are. The add-ons are 1/10 the size of the basket trades or the lowest lot size available on your platform (.01). Those differences...
The live one that I am using is Alpari UK and it's micro because I called and asked. The chart says Standard.
My demos are GM. I think the 50:1 leverage might have had something to do with that hassle this morning. If Alpari UK says it's micro and the chart says it's standard,.....what to do?

I did mean Max Margin To Use .4. Thank you MC.
  • #737
  • Sep 27, 2010 1:47pm Sep 27, 2010 1:47pm
gomarket also offers nano accounts, they call the l-plate. but i am sure he would have stated if this was the case
max deposit to l-plate is 1k, so doubt that it is.
  • #738
  • Sep 27, 2010 1:58pm Sep 27, 2010 1:58pm
Quoting MetaCoder
No I think he does mean MaxMarginToUse.
MaxMargin is my short name for MaxMarginToUse, which she knows. I should have made the 0.4 bold - she had said max margin was .04.
Frazer
  • #739
  • Sep 27, 2010 2:04pm Sep 27, 2010 2:04pm
Frazer,
You're right. I stand corrected. MMTU = .4 = .04 lots.
I still don't know what to think about the acct size. The chart says Standard when it is Micro. Maybe it doesn't matter?
  • #740
  • Sep 27, 2010 2:16pm Sep 27, 2010 2:16pm
Quoting sanyhuis
Frazer,
You're right. I stand corrected. MMTU = .4 = .04 lots.
I still don't know what to think about the acct size. The chart says Standard when it is Micro. Maybe it doesn't matter?
I think the broker is playing word games with you, so it really doesn't matter. They are telling you it's micro because you can trade 1/100 lot size as opposed to some brokers who only have 1/10 lot size. If you tell them that you are using a EA that reads the account type from the platform, I think they will own up to it.
Frazer
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