Basket 14 EA System | Page 86 | 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

  • #1,701
  • Nov 8, 2010 10:27pm Nov 8, 2010 10:27pm
Quoting MetaCoder
A standard account with only $2,000, that's the problem.

I can actually trade pennies with my broker....so a 2000 account is in pennies and 0.1 is a penny.....so that is a lot of equity.
  • #1,702
  • Nov 8, 2010 10:32pm Nov 8, 2010 10:32pm
One thing we should all remember is that we are testing with demo accounts. The results live will be dramatically different due to spread. Spread will change which pairs are added every hour based on winning positions theory of this ea. I am seeing dramatically different trading scenarios between my live and demo account due to this fact. All the "demoing" in the world won't help you figure out what is going to happen live due to the nature of this ea.
  • #1,703
  • Edited 11:27pm Nov 8, 2010 10:55pm | Edited 11:27pm
Quoting roundrock
so my understanding is we need NOT reduce PP for same MMTU. this may not help us in reducing DD in most cases. so why sacrifice PP ?
Well, I have a different opinion. You will notice that since reducing PP on my demos, they close with fewer trades. Sometimes the EA will come into profit a few dollars and then reverse and go back into a DD situation and that causes more trades to close. Also, unless there is a very strong move, it can take a good deal of time for the trades to get from .25% to .5% profit, during which time more trades are added. So, what I am seeing is that the EAs close much quicker and with significantly fewer trades with PP .25 and therefore less DD.

Quoting roundrock
i still think adding same pair again and again consequitively is the root cause for bigger DD scenario, if we cap that to 3 or 4 then we may solve this issue to some extent without effecting the profitabality. dont add same pair 4th time if all last 3 adds are from same pair and combined PL of the last 3 is in negative.

just my opinion. i will spend some time to add this to the code and see how it works. its not a big change in code
I partially agree with you on this point, but MC doesn't. EDIT: I think we should not continue to add trades to a winner that has already reversed.

Back before the AddSix EAs, the-game asked for a modification to the Phantom14_Add series that would prevent the EA from adding trades on a pair that is still a biggest winner, but had changed direction and is now becoming a loser. MC came up with Phantom14_Add_02, which adds a trade of the biggest winner only if all previous trades on the pair are winners. That prevents a winner that has reversed and is now heading the wrong way from being added again.

I was seeing a lot of those repetitive pair losers in the AddSix 01 EA, so I extracted the appropriate code from Phantom14_Add_02 and inserted it into AddSix_01 and called it 01x.

I loaded that mod on my AddSix_01 demo Sunday 7 Nov. It already had a bunch of repeat loser trades. It did not add any more trades on those pairs and closed this morning. There is no way to know for sure if the mod had anything to do with that, but I'd like to think it did. We will see what happens going forward.

In any event, AddSix_01 accumulates a LOT of trades because it adds trades of any winning pair every hour. Anything that limits the number of trades, even a little bit has to help.

Here is my modified AddSix_01x and my spreadsheet showing what happened to the last batch of trades on that demo.
Attached File(s)
File Type: xls IBFX 50-1.xls   442 KB | 244 downloads
File Type: mq4 Phantom_AddSix_01x.mq4   50 KB | 257 downloads
Frazer
  • #1,704
  • Edited 11:33pm Nov 8, 2010 11:17pm | Edited 11:33pm
Quoting darkclawer
well the basket ea is not effective given that you need to enter 14 pair which mean your account need to be big or leverage to be high.i have test out basket ea in a 500000 demo account and the result it not very good .
You are not up to date on what we are doing here. The EAs we are trading now only trade 6 pairs. If you want to trade only 3, it would not be hard to modify any of the AddSix EAs to only trade 3. You should be able to do that yourself.

Quoting darkclawer
below is my result for 3 pair basket i hope u guy can help me rewrite the ea
Interesting and spectacular results. Was this all manual trading? How did you do it? What was the criteria for entering and closing trades? And it looks like just 1 day of trading. Do you think that is enough to validate a strategy?
Frazer
  • #1,705
  • Nov 8, 2010 11:52pm Nov 8, 2010 11:52pm
d4amenace, who is your broker?
  • #1,706
  • Nov 8, 2010 11:59pm Nov 8, 2010 11:59pm
Quoting frazerd
Anything that limits the number of trades, even a little bit has to help.
Ahem... Confirm14
  • #1,707
  • Nov 9, 2010 12:02am Nov 9, 2010 12:02am
Quoting darkclawer
well the basket ea is not effective given that you need to enter 14 pair which mean your account need to be big or leverage to be high.i have test out basket ea in a 500000 demo account and the result it not very good...
please list all the entry & exit criteria for the 3 pairs you stated above.
I can pass it to guy...and he'll turn it to an EA.
  • #1,708
  • Nov 9, 2010 12:02am Nov 9, 2010 12:02am
Quoting frazerd
I partially agree with you on this point, but MC doesn't. EDIT: I think we should not continue to add trades to a winner that has already reversed.
Here is another example of why I think we should not continue to add trades of a pair unless all previous trades are winners. This is AddSix_03b. For the last 4 hours it has added a GBPUSD buy trade and they are all losers. That pair is still a winner, although CHFJPY has taken over as the biggest winner. How many of those GBPUSD trades would not have been opened if there were a requirement that all previous trades had to be winners? No way to tell for sure, but I would think at least one.

And at the top of the Trade window you can see 4 of the 7 consecutive EURJPY losers. It just doesn't seem logical to keep opening trades if the pair has reversed direction. If it subsequently reverses again and all previous trades become winners again, then trade it again.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot_002 08-Nov-10.gif Size: 47 KB
Frazer
  • #1,709
  • Nov 9, 2010 1:09am Nov 9, 2010 1:09am
Quoting the-game
d4amenace, who is your broker?
FXOpen.
  • #1,710
  • Nov 9, 2010 3:21am Nov 9, 2010 3:21am
Quoting frazerd
Well, I have a different opinion. You will notice that since reducing PP on my demos, they close with fewer trades. Sometimes the EA will come into profit a few dollars and then reverse and go back into a DD situation and that causes more trades to close. Also, unless there is a very strong move, it can take a good deal of time for the trades to get from .25% to .5% profit, during which time more trades are added. So, what I am seeing is that the EAs close much quicker and with significantly fewer trades with PP .25 and therefore less DD.


I partially...
Hi Frazerd,

Thanks for sharing your mod version Phantom_AddSix_01x. I think to reduce DD the most important is not overcharge trades for the same pair if it is a negative so Iīve started a test right now. Will post results...
  • #1,711
  • Nov 9, 2010 3:52am Nov 9, 2010 3:52am
Quoting frazerd
Here is another example of why I think we should not continue to add trades of a pair unless all previous trades are winners. This is AddSix_03b. For the last 4 hours it has added a GBPUSD buy trade and they are all losers. That pair is still a winner, although CHFJPY has taken over as the biggest winner. How many of those GBPUSD trades would not have been opened if there were a requirement that all previous trades had to be winners? No way to tell for sure, but I would think at least one.

And at the top of the Trade window you can see...
frazer, i completely agree with you. my current 02a is running since yesterday morning and is in big DD, its adding same pair even after it reversed direction. like that i have EJ, GU

i think we need to add this check for 02 series and see how it will work. in general, less adds the better. it reduces DD and also enhances chances to hit PP.
  • #1,712
  • Nov 9, 2010 3:59am Nov 9, 2010 3:59am
Quoting frazerd
Well, I have a different opinion. You will notice that since reducing PP on my demos, they close with fewer trades. Sometimes the EA will come into profit a few dollars and then reverse and go back into a DD situation and that causes more trades to close. Also, unless there is a very strong move, it can take a good deal of time for the trades to get from .25% to .5% profit, during which time more trades are added. So, what I am seeing is that the EAs close much quicker and with significantly fewer trades with PP .25 and therefore less DD....
Another option would be to add an account profit stop loss once the EA is in profit, that way you won't go into draw down again.
  • #1,713
  • Nov 9, 2010 4:02am Nov 9, 2010 4:02am
i added AllSymbolTradesInProfit check in my 02a
  • #1,714
  • Nov 9, 2010 6:14am Nov 9, 2010 6:14am
Quoting roundrock
i added AllSymbolTradesInProfit check in my 02a
Do you want to share it with us? Or are there other modifications in your version? It would be nice if you upload that version, imo.
  • #1,715
  • Nov 9, 2010 6:16am Nov 9, 2010 6:16am
10.000.-$, 200:1, MMTU: 0.2 (0.1 lots), PP: 1.0
First Profit: 127.69.-$
Beatifull beginning.....

http://www.myfxbook.com/members/Serg...dsix-01x/62479


Thank you MC and Frazerd, this mod could be a better winner......
  • #1,716
  • Nov 9, 2010 8:28am Nov 9, 2010 8:28am
Quoting JulesvH
Do you want to share it with us? Or are there other modifications in your version? It would be nice if you upload that version, imo.
here you go ...
Attached File(s)
File Type: mq4 Phantom_AddSix_02x.mq4   52 KB | 234 downloads
  • #1,717
  • Nov 9, 2010 10:33am Nov 9, 2010 10:33am
Quoting Caillou
10.000.-$, 200:1, MMTU: 0.2 (0.1 lots), PP: 1.0
First Profit: 127.69.-$
Beatifull beginning.....

http://www.myfxbook.com/members/Serg...dsix-01x/62479


Thank you MC and Frazerd, this mod could be a better winner......
thanks Roundrock - keep it running!
  • #1,718
  • Nov 9, 2010 10:40am Nov 9, 2010 10:40am
RoundRock, your work is awesome! Thanks a lot!

This check/filter is definitely an improvement.

I agree with your opinion that from the very beginning, MC's idea on this EA is very advanced and beautifully simple. This basket EA is not to against market nature/trend, but trying to capture it.

I hope to contribute a little jointly with your coding effort, just a humble suggestion that when we add new coding/mod, will it be convenient to put two lines like:

// **************** roundrock add **************
new filter coding
// **************** roundrock add **************

so that i can better follow your logic, and make my revision based on yours.
this way, each of us can coding based on one same EA. you don't need to re-edit your last version, this is only a suggestion for future, if you care.

what i try to add are 2 things:
1. refined comparison on floating profit of winning pairs, not merely if it is larger, i want it be significantly larger for new positions to be added;
2. partial close, leave a tiny portion running along with the trend, why? because if we look at the trading records, you'll see many trades are closed too early, they were with fundamental daily/weekly move, but were exited due to the predefined profitfactor. The exit algorithm is always essential, a fixed factor is good to be improved.

many thanks, again.
Quoting roundrock
here you go ...
  • #1,719
  • Nov 9, 2010 10:47am Nov 9, 2010 10:47am
Another profit, a very good day, incredible results just for 8 hours.....letīs see....

http://www.myfxbook.com/members/Serg...dsix-01x/62479
  • #1,720
  • Nov 9, 2010 3:26pm Nov 9, 2010 3:26pm
Quoting frazerd
I was seeing a lot of those repetitive pair losers in the AddSix 01 EA, so I extracted the appropriate code from Phantom14_Add_02 and inserted it into AddSix_01 and called it 01x.
I gave the same treatment to Phantom6_01a and called it Phantom6_01x. See the Phantom 6 thread. http://www.forexfactory.com/showpost...02&postcount=1
Open to new approaches.
0 traders viewing now