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Steve Hopwood's T101 basket trading auto-trader

  • #41
  • Nov 10, 2010 4:18pm Nov 10, 2010 4:18pm
Quoting lionamra
Hi luiboy,

Your screenshot shows that you are using Orest's original EA, not BWBB. I assume that there is no trade involved, right, only the original pairs since the beginning of the week.

So, %15 profit is not coming from BWBB.
Yes correct. It's just so fascinating that the universal hedge trade can turn in to profit knowing that the pairs are just hedging each other.
  • #42
  • Edited 6:58pm Nov 10, 2010 6:07pm | Edited 6:58pm
Can I ask you guys to play with this version please and report results.

What it does is invert the trades for UJ and UC. Therefore, if the overall basket is a buy, it sells these two pairs and vice versa.

Anybody wants me to add further correlated pairs, sing out.

Attached File(s)
File Type: mq4 Basket With Better Balls with inverted pairs.mq4   64 KB | 799 downloads
  • #43
  • Nov 10, 2010 6:48pm Nov 10, 2010 6:48pm
Quoting E2u
Here is a picture of a perfect Basket in profit. The picture is not more than 2 weeks old. I have USDCHF in opposite direction in the basket. Here it looks like EURCHF GBPCHF also shall be opposite.
I am going to add code to offer the ability to invert all pairs against the prevailing trade direction.

I hope to do this tomorrow.

  • #44
  • Nov 10, 2010 6:59pm Nov 10, 2010 6:59pm
Watch the HedgeAtLossPips in the recent upload - it was set at 20 not 200 because I was playing with this setting earlier.

  • #45
  • Nov 14, 2010 12:24am Nov 14, 2010 12:24am
Quoting SteveHopwood
Can I ask you guys to play with this version please and report results.

What it does is invert the trades for UJ and UC. Therefore, if the overall basket is a buy, it sells these two pairs and vice versa.

Anybody wants me to add further correlated pairs, sing out.

hi Steve
I am in , and will test it with a great pleasure as all your bots....
thanks for your great work and shearing Steve..

cheers
  • #46
  • Nov 14, 2010 5:22pm Nov 14, 2010 5:22pm
Quoting SteveHopwood
Can I ask you guys to play with this version please and report results.

What it does is invert the trades for UJ and UC. Therefore, if the overall basket is a buy, it sells these two pairs and vice versa.

Anybody wants me to add further correlated pairs, sing out.

Basket with Inverted Balls? Ouch!
  • #47
  • Nov 14, 2010 7:02pm Nov 14, 2010 7:02pm
  • #48
  • Nov 18, 2010 10:04am Nov 18, 2010 10:04am
This version has been taking profits. But also losing ALOT. Seems to be at or near breakeven most of the time. It does have legs though 1 knee may have torn something.
  • #49
  • Nov 18, 2010 10:47am Nov 18, 2010 10:47am
Quoting obnoxious2
This version has been taking profits. But also losing ALOT. Seems to be at or near breakeven most of the time. It does have legs though 1 knee may have torn something.
Yes, me too. It might be worthwhile just trading during European hours. Worth a try, perhaps.

  • #50
  • Edited 5:19pm Dec 27, 2010 5:18pm | Edited 5:19pm
Hi! Steve,

Merry Christmas. Here is the revision of the email I sent to you before Christmas. This is a Basket type of EA that draws a new kind of filtering approach in complimentary with the BWBB (with Inverted Balls) filters . First the individual pair vUPL in the virtual mode start calculating once the EA is dragged into the chart. For demoing purposes, lets assigned a criterion of -+5 pips vUPL for buy and sell trade. A pair that passes to the second stage into the basket is said to have met the criterion. Once a pair is in the basket it’s vUPL is Zeroed out and calculation of the true tUPL begins. Total No. of Pairs in the Basket limited to 6 Pairs at one time but have the ability to choice trade in one or both direction.

Entry Strategy:
tUPL >= 5 vUPL Pips && RSI >= 55; -5 vUPL Pips && RSI =< 45.

Lot Compounding:
2 cents per $100 Capital. Lot size to increase per $100 of equity increased. Subsequently negative DD will decrease your lot as well.

Culling of Losing Pairs:
A pair that turned around on the opposite direction with a tUPL of 20 pips as a rule will automatically be closed. This will cut DD to minimal especially during the NY session where volatility is high due to news releases. After culling, we expect that the Basket be filled with a pair with the highest probality of success. Hence, I encourage the need to experiment the right vUPL to start with.

Let your profit run:
Closing of profitable pairs at the users’ discretion.

I prefer this one to remain in this thread than opening a new one. Let's name the EA as "The Basketpiper (TBP)".

Sincerely,

Edd
  • #51
  • Jan 8, 2011 6:17pm Jan 8, 2011 6:17pm
Quoting Edd Ganuelas
Hi! Steve,

[size=3][font=Calibri]Merry Christmas. Here is the revision of the email I sent to you before Christmas. This is a Basket type of EA that draws a new kind of filtering approach in complimentary with the BWBB (with Inverted Balls) filters . First the individual pair vUPL in the virtual mode start calculating once the EA is dragged into the chart. For demoing purposes, lets assigned a criterion of -+5 pips vUPL for buy and sell trade. A pair that passes to the second stage into the basket is said to...
Edd, just to let you know that I am not totally ignoring this.

I hope you understand that my attention is drawn elsewhere. I hope to look at this sometime. I cannot guarantee that this will be sometime soon.

  • #52
  • Jan 8, 2011 7:07pm Jan 8, 2011 7:07pm
Quoting SteveHopwood
Edd, just to let you know that I am not totally ignoring this.

I hope you understand that my attention is drawn elsewhere. I hope to look at this sometime. I cannot guarantee that this will be sometime soon.

Steve, Thanks for the info. Take your time. I am having fun with the 2 Baskets and making profits both in demo and live based on the above suggestions/proposal.

Edd
  • #53
  • Feb 7, 2011 7:50am Feb 7, 2011 7:50am
FWIW, here is a pretty good correlation table: http://www.mataf.net/en/tools/01-01-correlation

This is particularly useful, since my broker doesn't support NZDUSD. Helps me look for alternative currencies. Be sure and talke a look at the charts, especially the day & weekly. See how the correlation always comes back to harmony.
  • #54
  • Feb 17, 2011 6:47pm Feb 17, 2011 6:47pm
Quoting luiboy
The worst so far is only 4%. I'm also wondering what would be the worst DD for a setup like this. I'm going to setup another IA. And I will close and reopen the trades everytime it reaches 5% profit.
I already forgot about this IA but when i opened the mt4 platform, i was surprised that it already earned a lot. Attached is the statement.
Attached File(s)
File Type: zip DetailedStatement.zip   9 KB | 965 downloads
  • #55
  • Feb 17, 2011 6:54pm Feb 17, 2011 6:54pm
Quoting luiboy
I already forgot about this IA but when i opened the mt4 platform, i was surprised that it already earned a lot. Attached is the statement.
Thanks,

Ed
  • #56
  • Mar 10, 2011 11:26am Mar 10, 2011 11:26am
Quoting luiboy
I already forgot about this IA but when i opened the mt4 platform, i was surprised that it already earned a lot. Attached is the statement.
What settings are you using?
  • #57
  • Last Post: Apr 5, 2011 12:51am Apr 5, 2011 12:51am
Quoting TheMaxx
What settings are you using?
Hi Maxx,

No settings. I just buy and sell the T101 14 pairs perfect hedge.
Here's the link to myfxbook

www.myfxbook.com/members/luiboy/t101-ia/89432





Are there anybody here can explain why a perfect hedge can result into profit?

Can I trade this live? Thanks.
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