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Basket 14 EA System

  • #781
  • Sep 29, 2010 9:55am Sep 29, 2010 9:55am
hello MetaCoder
I've also started the test with Phantom_AddSix_01
for me it was no closing of the trades that are open to all since the start
trader frazerd have winner and loser!
Please have a look at the report
????
best regards
vienna
Attached File(s)
File Type: zip phantom14_addsix_01 picture.zip   81 KB | 184 downloads
  • #782
  • Edited 10:40am Sep 29, 2010 10:05am | Edited 10:40am
Quoting vienna
hello MetaCoder
I've also started the test with Phantom_AddSix_01
for me it was no closing of the trades that are open to all since the start
trader frazerd have winner and loser!
Please have a look at the report
????
best regards
vienna
Vienna,
looks like u install AddSix over other MC's EA. solution: closed all chart then closed mt4, goto activtrades mt4 folder / profiles / and delete gvariables.dat,
and then restart mt4, and reattached AddSix EA to any chart(im using EC, H1)
hope that will solved your issue.
***you might as well setup a new account, thus a more accurate forward testing***
MC; your input if u see fits.
  • #783
  • Sep 29, 2010 11:00am Sep 29, 2010 11:00am
My first AddSix trades haven't closed yet but I started it late yesterday afternoon so I have more "noise" trades in the stew.
Open to new approaches.
  • #784
  • Sep 29, 2010 11:11am Sep 29, 2010 11:11am
Hi all,

I've been reading this thread for quite some time, and have decided to take the plunge with basket14.

I unfortunatley have a small account, $200, and stuck with 100:1 with IBFX. Is it still possible to work the system with .01 lot sizes or should I attempt to move the funds to an account with higher leverage 200:1 +?

If I can actually work the system with what I have currently, should I be using Basket14_2? I believe Meta suggested this on pg 13 or close to that.

Please let me know if this is still the best one to use for such a small account, or any other suggestions you might have. I'll continue reading through the thread and if I have any updates I'll be sure to share.

Thanks all
  • #785
  • Sep 29, 2010 12:31pm Sep 29, 2010 12:31pm
Run demo accounts for as long as it takes for you to UNDERSTAND and BE COMFORTABLE with what's going on.

It's important that YOU make the decision which EA is best for you.

I don't think $200 is a safe amount.
Open to new approaches.
  • #786
  • Sep 29, 2010 1:00pm Sep 29, 2010 1:00pm
i have new demoaccount full fresh.
i hope ......
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: new start phantom addsix01.jpg Size: 161 KB
  • #787
  • Sep 29, 2010 1:13pm Sep 29, 2010 1:13pm
fkforex,
If I were you, I would forward demoing it for at least two months.

Vienna,
max float drawdown = 0>>>that's what u want when u freshly start demoing with MC EA's
  • #788
  • Sep 29, 2010 1:19pm Sep 29, 2010 1:19pm
Quoting fkforex
Hi all,

I've been reading this thread for quite some time, and have decided to take the plunge with basket14.

I unfortunatley have a small account, $200, and stuck with 100:1 with IBFX. Is it still possible to work the system with .01 lot sizes or should I attempt to move the funds to an account with higher leverage 200:1 +?

If I can actually work the system with what I have currently, should I be using Basket14_2? I believe Meta suggested this on pg 13 or close to that.

Please let me know if this is still the best one to use for such a small...
$200 on a nano account would be ok (after understanding the ea's of course).
have ibfx switch you to nano
  • #789
  • Sep 29, 2010 1:20pm Sep 29, 2010 1:20pm
Meta and Frazerd could you please comment on some lovely ideas Telestes has just offered. To me it makes complete sense.
  • #790
  • Sep 29, 2010 3:05pm Sep 29, 2010 3:05pm
Quoting forexripper
Meta and Frazerd could you please comment on some lovely ideas Telestes has just offered. To me it makes complete sense.
You will have to wait for MC to address that. He is the programmer and what makes sense to you and me sometimes may not make sense to him. As he has stated many times, there are lots of ideas presented here and he cannot possibly code them all, but he does work with any that make good sense to him.
Frazer
  • #791
  • Sep 29, 2010 4:08pm Sep 29, 2010 4:08pm
Quoting Telestes
Thank you MetaCoder, frazerd and all contributers of this great thread!

I just finished reading all posts, FAQ and source code (partially).
Allow me two system (Basket14) relevant questions:

1) After reviewing the source code, I wonder why after profit taking (Equity Pop) all basket pairs are reopened in their default trade direction. It would be obvious for me to trade each reopened pair in the direction of its last profit (if BUY/SELL was in profit then buy/sell else sell/buy). So we have better chances to follow the immediate trend and probably...
Sir, there are reasons why the EAs here will not take the directions you mention.

Your first suggestion assumes that there might be further momentum in one direction, and I'm saying there is no assurance of that and that it's just as reasonable to assume there will be movement in the opposite direction.

I will not code any same-pair hedges within these systems. I should point out to you that even if I did, the same-pair-hedged trades will NOT close at breakeven since you specified waiting until we are at 100 pip losses before opening the hedges. So at best we will have 100 pips losses per same-pair-hedged pair, will we not? I say this as someone who has extensive experience designing and implementing same-pair hedge strategies.

I don't reject your suggestions lightly and I don't want to blast your first post on the forum. I know you made your comments in good faith but I ask you to entertain the possibility that I thought of those things a good long while ago, and have good reasons why I don't pursue them.

I'll close by saying I provide full source code to every EA so that if you believe strongly in an idea, you have every opportunity to implement the idea yourself.
Open to new approaches.
  • #792
  • Sep 29, 2010 5:14pm Sep 29, 2010 5:14pm
Hi MC
can you please tell me what is the difference between phantom14-add01a and 02 and the game one please.i'll appriciated.
regards
fred
  • #793
  • Sep 30, 2010 2:07am Sep 30, 2010 2:07am
Quoting MetaCoder
Before you run the EAs, read my FAQ: http://www.forexfactory.com/showthread.php?t=252690

Read http://www.forexfactory.com/showthread.php?t=251869
to get an idea of what this kind of strategy is all about.

This strategy intentionally trims the biggest loser and opens an opposite-direction trade on the same pair whenever at least three losing pairs have breached their 24-hour high/low.

The way this is done is quite restrained, such that overtrimming is avoided. We want to do just enough trimming that we allow the same market...
very good system! thanks
  • #794
  • Sep 30, 2010 2:31am Sep 30, 2010 2:31am
Love the Phantom used it for the first time last night on a 5000 demo account
Made 60$ only problem is that I cannt get it to take profit when it reaches 1% had to manually close
Tried also to take profit at 0.5 % still the same
  • #795
  • Sep 30, 2010 2:47am Sep 30, 2010 2:47am
hello MetaCoder and frinds,
thank you for the help with me!!
Here is the report from the new demo account start-
currently a very positive development!
see for yourself-

but I have an account with:
Balance : 8900 Equity: 2000 Free Margin: 1900 (DD:7000)
Therefore, the calculation is the lot of the balance very dangerous.
can be de ea set so that the calculation of the lot of the FREE MARGIN
used.
entire calculation on :FREE MARGIN
currently it uses BALANCE this is to big lot and MarginCall is fix for the account.
please help me.
best regards
vienna
Attached File(s)
File Type: zip Phantom14_AddSix_01 30092010 Statement.zip   9 KB | 198 downloads
  • #796
  • Sep 30, 2010 8:05am Sep 30, 2010 8:05am
Quoting raylin
Love the Phantom used it for the first time last night on a 5000 demo account
Made 60$ only problem is that I cannt get it to take profit when it reaches 1% had to manually close
Tried also to take profit at 0.5 % still the same
You need to tell us what EA you are using and provide a statement and screenshot of the screen comments. Are you sure you are calculating the 1% correctly? It is not PL. It is 1% of Last Flat Equity. If you were running another EA with same magic number previously on the account, the global variables may not be correct and could cause the problem.
Frazer
  • #797
  • Sep 30, 2010 10:36am Sep 30, 2010 10:36am
Here is a surprise. This is the one that trims and reverses losers as well as adding to winners. I started it on 9/16 and it accumulated a large number of add-on trades without a close-all. So I had pretty much forgotten about it and was not watching it closely. On 9/28 it closed 582 trades, having previously trimmed and reversed 10 times. It took about 13 minutes to close them all and by the time it finished it had almost 2% profit rather than 1%.

On 9/28 through this morning it closed 4 more times for an additional 4.42% profit.

I had the Exceedence Trigger set to 2, thus the large number of trims and unacceptable -2302 Largest Floating Loss, -32% Max Floating Drawdown and 226.5% Lowest Margin on a 500:1 account. Had I left the ET at 3, it would have trimmed much less, may have closed sooner and those unacceptable stats would probably not have occurred. I have changed ET back to 3 today.

Another improvement to this one would be the Add_01a strategy of not adding trades on a pair that does not have all winning add-ons.

This once again shows the resilience and ability of these EAs to come back into profit after a seemingly unrecoverable drawdown.
Attached File(s)
File Type: xls Bskt14_Add_04_500-1.xls   183 KB | 197 downloads
Frazer
  • #798
  • Sep 30, 2010 11:53am Sep 30, 2010 11:53am
I'm going to stop pursuing so many permutations of these strategies. I believe we have explored trim'n'reverse type tactical frameworks enough. I'm not that fond of them.

I have identified a straightforward version of Phantom14 that I will share if it proves itself to me. It's criteria for adding trades is simple and makes sense to me.

I always test on IBFX 50:1 mini demos, so EAs I post usually contain settings with that setup in mind. Some of you already know how to change the settings to work well with different setups (500:1, etc).
Open to new approaches.
  • #799
  • Sep 30, 2010 12:12pm Sep 30, 2010 12:12pm
Since there *are* so many permutations, I'd just like to plug Basket14_Add_02 as seeming quite stable and less stressful than some of the others.

Beginners might consider demoing that one to get a feel for how these basket EAs work.
You are in a maze of twisty little passages, all alike.
  • #800
  • Sep 30, 2010 1:07pm Sep 30, 2010 1:07pm
Basket14_Add_02 is simple and should do well. It's not as efficient as a good Phantom.
Open to new approaches.
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