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Basket 14 EA System

  • #741
  • Sep 27, 2010 2:21pm Sep 27, 2010 2:21pm
well it is indeed a confusing topic, because in the typical description we are all used to:

standard account used to mean you could only trade 1.0 lot size minimum, meaning $10/pip on EU

mini account used to mean you could trade .10 lot size minimum, meaning $1/pip on eu

micro account used to mean you could trade .01 lot size minimum, meaning 10cents/pip on EU

How you and MC are defining them I am not sure, but that was always my understanding.
  • #742
  • Sep 27, 2010 2:37pm Sep 27, 2010 2:37pm
Quoting tazmaan
well it is indeed a confusing topic, because in the typical description we are all used to:

standard account used to mean you could only trade 1.0 lot size minimum, meaning $10/pip on EU

mini account used to mean you could trade .10 lot size minimum, meaning $1/pip on eu

micro account used to mean you could trade .01 lot size minimum, meaning 10cents/pip on EU

How you and MC are defining them I am not sure, but that was always my understanding.
Yes, I believe what you have stated is exactly what sanyhuis's broker is referring to, but now they are not separate accounts. The standard account with 2 decimal place lot size has the capability for all 3. Some brokers also offer a separate mini account, in which .01 lot is 1 cent.
Frazer
  • #743
  • Sep 27, 2010 2:44pm Sep 27, 2010 2:44pm
Yeah, don't think i've come across too many anymore that dont offer standard, mini and micro all in the same account. Which is why I typically ignore the basket ea telling me its a standard account.
I just make sure the lot size it opens is what I want, and tweak the maxmargin setting until I get what I need
  • #744
  • Sep 27, 2010 2:53pm Sep 27, 2010 2:53pm
The big thing to look at is how much does PL change in dollar terms for each tick for a trade of x lots that you have open. Then you can look at the math behind lot sizes, tick values, tick sizes, points, margin, leverage...

There are indeed several confusing terms used by traders and brökers and EA programmers, and they don't always mean the same thing. You have to come up with your own understand to get to the bottom of it.

Here is one example of confusion: TICK VALUE. Does tick value mean the dollar-cent value on one tick, or one pip -- but hey wait a minute aren't ticks and pips the same? -- or one fractional pip, or on the last three pips that were covered by the previous market tick, or on the last three ticks that were covered by the previous market fractional pip, or...

Or how about this: when you say "nanolot" or "microlot", do you mean it in the context of a micro account, or a mini account, or a standard account, and how exactly do you define a micro, mini or standard account?

See how this can get confusing?
Open to new approaches.
  • #745
  • Sep 27, 2010 3:21pm Sep 27, 2010 3:21pm
Thank you all. Whatever name it carries, it is $1/pip to me.
  • #746
  • Sep 27, 2010 3:48pm Sep 27, 2010 3:48pm
Please come in this forum other sites which deal with brokers and account-
pity about the time in which we ask the programmer to stay in the other forum said to be1
better it would be more reviews about the different versions of what we have ea post here, so you can still filter better what works and what does not -
I've posted 4 different ea if you look closer you need not ask which version is to recognize what is positive and which are not.
This article more specifically to the rat -or did i misunderstood?
best regards
vienna
  • #747
  • Edited 4:07pm Sep 27, 2010 3:49pm | Edited 4:07pm
As of 2200 GMT this EA has 149 trades open and PL is back to -200(+). I think maybe what is needed in this EA is a bailout after x number of add-on trades. This would not be a stop loss really, because I think it will eventually close for profit. But it would be more of a inefficiency stop. After so many add-ons, even if it does eventually get back into profit, it would be more efficient to take a loss (hopefully a small one) and start over.

Looking back at my spreadsheet it looks like the most add-ons it took to close was 45 prior to this long draw down. So maybe 50 would be a good point at which to give it up and start over. Or make it a external variable and let each trader decide what is reasonable for him.

I know we tried this before with the trim and reverse trades MC, and it didn't work out very well, which is how we got to the Exceedence Trigger. However, it might work a little better with the small add-ons.
Frazer
  • #748
  • Edited 5:10pm Sep 27, 2010 4:49pm | Edited 5:10pm
Quoting vienna
Please come in this forum other sites which deal with brokers and account-
pity about the time in which we ask the programmer to stay in the other forum said to be1
better it would be more reviews about the different versions of what we have ea post here, so you can still filter better what works and what does not -
I've posted 4 different ea if you look closer you need not ask which version is to recognize what is positive and which are not.
This article more specifically to the rat -or did i misunderstood?
best regards
vienna
Vienna,
I think if you reread the last few posts, you'll see that they do pertain to the thread because they deal with the settings for the EA's.
  • #749
  • Sep 27, 2010 5:13pm Sep 27, 2010 5:13pm
I notice a big difference between brokers in the success of this EA. Better spreads and faster data feed makes a major difference.
  • #750
  • Sep 28, 2010 12:26am Sep 28, 2010 12:26am
[Quote = sanyhuis; 4052628] Wien,
Ich denke, wenn Sie Beiträge lesen Sie die letzten, wirst du sehen, dass sie tun ] beziehen sich auf den Faden, weil sie sich mit den Einstellungen für die EA. [/ quote

I can read, thank you.
but you can program an EA type of account for only one.
He is the essential must work everywhere and the last setup has to do it yourself.
broker, account size, leverage, money management ...
whoever does not learn has no chance in the market either manually operated or with ea
a money-printing machine, there will be never-sorry-
forex is the formula 1 of the trading - just because you can drive a car you're far from being a Formula 1 racer sorry.
Therefore, one should focus on the essential-
That is the question:
how to prevent the losses, so that you increase the win?
if losses are much ok ?
When should you trigger ?
indicators are possible to use this as a basis for triggering
should be given to the basket buy and sell an indicator such as stochastics or RSI or ATR
These are questions which can help the programmer -
sorry I jann unfortunately not the program language -
if we organize ourselves we were all safely on target faster.
an example - a ea is changed then this group should have a test the next again a different group so much more for free man at once as if everyone has the same tests, unfortunately, there are test groups in any forum-
unless we organize ourselves for the development, we remain very slowly -
why was Holland's second wm why football team organize
i hoe you understand me
best regards
vienna
  • #751
  • Sep 28, 2010 8:34am Sep 28, 2010 8:34am
Closed 198 trades, took 4(+) minutes, $84 (1.7%) profit, basket trades -76, add-ons +160.

I had the EA set to stop after no trades, so now I will simultaneously start this one and Phantom14_Add_01a_the-game. It should be interesting to see how they compare.
Attached File(s)
File Type: xls Bskt14_Add_01_500-1.xls   161 KB | 218 downloads
Frazer
  • #752
  • Sep 28, 2010 8:55am Sep 28, 2010 8:55am
Well, it will not be as good a comparison as I had intended. I had forgotten that the account I put the phantom on is 100:1 leverage. Now I have started another iteration of Phantom14_Add_01a_the-game on a 500:1 account, but about 10 minutes after the Basket14_Add_01.
Frazer
  • #753
  • Sep 28, 2010 10:24am Sep 28, 2010 10:24am
Frazer,
I entered Stop AfterNoTrades and later the add on trades closed but the original 14 from 9/17 stayed. However, the chart says there is only one trade open. ??
Basket14_Add_01
  • #754
  • Sep 28, 2010 11:33am Sep 28, 2010 11:33am
Frazerd and Meta,

I was just wondering what if we have add trades of 0.02 or 0.03 instead of 0.01 to get equity pop faster and make the use of the trend before it starts reversing or pulling back. I would even recommend 0.05 add trades.
What do u think?
  • #755
  • Sep 28, 2010 11:48am Sep 28, 2010 11:48am
The leg which started last week has now trimmed 17 times. This is with an ET of 2. Max floating dd just over 10%, however I am now approx 25% away from equity target.

Paul
  • #756
  • Sep 28, 2010 11:53am Sep 28, 2010 11:53am
Quoting sanyhuis
Frazer,
I entered Stop AfterNoTrades and later the add on trades closed but the original 14 from 9/17 stayed. However, the chart says there is only one trade open. ??
Basket14_Add_01
I have no clue what's going on there Sandra. I have used StopAfterNoTrades numerous times and never had any problem at all. Can you upload a screenshot of the platform and a statement. Maybe we can figure it out from that.
Frazer
  • #757
  • Sep 28, 2010 11:55am Sep 28, 2010 11:55am
Quoting forexripper
Frazerd and Meta,

I was just wondering what if we have add trades of 0.02 or 0.03 instead of 0.01 to get equity pop faster and make the use of the trend before it starts reversing or pulling back. I would even recommend 0.05 add trades.
What do u think?
MaxMarginToUse, which controls lot size, is a user input - try it.
Frazer
  • #758
  • Sep 28, 2010 11:59am Sep 28, 2010 11:59am
Would changing this affect the initial 7 buy and sells once equity is hit. If so, I just want to change the add trades to 0.03 or 0.05
  • #759
  • Sep 28, 2010 12:12pm Sep 28, 2010 12:12pm
Quoting paulbt38
The leg which started last week has now trimmed 17 times. This is with an ET of 2. Max floating dd just over 10%, however I am now approx 25% away from equity target.

Paul
That can happen occasionally with ET2. If you are not comfortable with it you need to use ET 3.
Frazer
  • #760
  • Sep 28, 2010 12:16pm Sep 28, 2010 12:16pm
Quoting frazerd
That can happen occasionally with ET2. If you are not comfortable with it you need to use ET 3.
Going to see what happens as the week before it got to similar levels although not with as many trims and still made an equity pop. I have felt comfortable enough up to now although starting to feel a wee bit edgy.

Paul
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