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Basket 14 EA System

  • #1,781
  • Nov 12, 2010 6:50pm Nov 12, 2010 6:50pm
Quoting Caillou
Hi,

Maybe it doesn' t have any sense but what will be the effect of reducing the Phantom Pairs to 3: for example Buy GBP/USD, Sell EUR/USD and Buy EUR/GBP ?

Will it be very difficult to modify Phantom_AddSix_01x EA this way?
if you dig this thread there was a discussion on this 3 pair issue. currently we trade 6 pairs EURCHF, EURJPY, CHFJPY, GBPCHF, GBPUSD, USDCHF
so we have EUR, USD, JPY, CHF, GBP so if there is a push in any of these currencies we get to PP. so chances are better with 5 pairs. if you take only 3 pairs you are depending on EUR, USD to privide you that push. so less chances. aslo with 5 pairs we cover all three regions AS, EU, US. so any time of the day we may get push from any of these 5 pairs. with EUR, GBP its almost sure to be dead in AS. so if you trade 3 pairs then do it only in EU, US times.

but you can also argue with more pairs, some will be laggards and will be dragging the basket down always regardless how strong one or two pairs are !!! thats why its difficult to say which is better.

may be you can have 1 EA to trade ASIA times with asia pairs like JPY, AUD, NZD and 1 EA for EU to cover EUR, GBP, CHF and 1 in US for USD, CAD

but the MC EA has covered all regions all pairs, so it works well overall
  • #1,782
  • Nov 12, 2010 8:18pm Nov 12, 2010 8:18pm
Or, (i might be dumb), say, i have one 0.1 lot eurusd that is -10 pips drawdown, i have another one 0.1 lot eurusd that is -500 pips drawdown.

i might try close that 0.1 lot eurusd with only -10 pips drawdown. it might seem risky, but at least i postpone realised loss.

Quoting frazerd
When margin level gets below 300% (or some other level we designate) close the biggest loser every hour, as well as adding the biggest winner(s) until the margin goes back above the designated level.

We have seen 2 cases now where a margin call actually helped the EA come into profit by closing biggest losers. Rather than waiting for margin calls, why not close biggest losers at some level above margin call? This level could be a external variable so that each trader could use whatever level he/she is comfortable with.
  • #1,783
  • Nov 12, 2010 9:27pm Nov 12, 2010 9:27pm
if you mean to say dont change the direction (BUY/SELL), only a additional condition for ema then sythetic hedge will not be disturbed but you may not reach PP quickly as there will be very few trades and there is no guarantee that trend will remain intact for the day. things could change

Yes this is what I meant. I realize it will limit trades, maybe alot if all the buys are below the ema or vice versa. Might be a better tactic for trading all 14 pairs in the basket14 ea. Wish I could figure how to code it.

The x factor does seem to be working well so far as it does limit the amount of counter trend trades. I was just trying to figure a good way to get rid of the rash of bad trades I seem to get when the EA starts up or resets. Trading off the phantoms that have only run for an hour is almost like throwing darts at the dart board to pick the first few trades.
  • #1,784
  • Nov 13, 2010 2:54am Nov 13, 2010 2:54am
Quoting thorn
Caillou,

Im about a day ahead of you on trading 3 pair hedge. I modified phantom6 01a to trade just 3 pairs. I started it thursday morning mmtu .5 with pp at .25%. So far there has been one profit close. Too early to tell how it will work. I also added...
17 trades with 3 pairs and x mod? If I have this results with 3 pairs obviously it would be better 6 pairs......
  • #1,785
  • Nov 13, 2010 3:07am Nov 13, 2010 3:07am
Quoting roundrock
if you dig this thread there was a discussion on this 3 pair issue. currently we trade 6 pairs EURCHF, EURJPY, CHFJPY, GBPCHF, GBPUSD, USDCHF
so we have EUR, USD, JPY, CHF, GBP so if there is a push in any of these currencies we get to PP. so chances are better with 5 pairs. if you take only 3 pairs you are depending on EUR, USD to privide you that push. so less chances. aslo with 5 pairs we cover all three regions AS, EU, US. so any time of the day we may get push from any of these 5 pairs. with EUR, GBP its almost sure to be dead in AS. so if...
A few days ago I had a profit reached with only GBP/USD during Asian Session so you will never know.......
We have to try to know......
  • #1,786
  • Nov 13, 2010 6:31pm Nov 13, 2010 6:31pm
What happens guys if MT4 platforms are shutdown with open positions on the weekend?

I plan to have them open prior to the weeks open of course. Will I lose anything vital regarding ongoing pair selection? Or is this stored info and it resumes where it left off on Sat morning (Oz)?

Many thanks

Pedross
  • #1,787
  • Nov 13, 2010 9:13pm Nov 13, 2010 9:13pm
Quoting pedross
What happens guys if MT4 platforms are shutdown with open positions on the weekend?

I plan to have them open prior to the weeks open of course. Will I lose anything vital regarding ongoing pair selection? Or is this stored info and it resumes where it left off on Sat morning (Oz)?

Many thanks

Pedross
The phantoms will reset - that could be good or bad, but so far I don't see that resetting phantoms has much impact.
Frazer
  • #1,788
  • Edited 10:42pm Nov 13, 2010 9:46pm | Edited 10:42pm
Quoting charvo
Or, (i might be dumb), say, i have one 0.1 lot eurusd that is -10 pips drawdown, i have another one 0.1 lot eurusd that is -500 pips drawdown.

i might try close that 0.1 lot eurusd with only -10 pips drawdown. it might seem risky, but at least i postpone realised loss.
It depends on what the intent is. My suggestion was based on observing how the margin call can work for us occassionally, rather than against us. My intent would be to boost a low margin back to an acceptable level to give the EA a chance to reach the profit target. Trimming the BIGGEST loser would be the best solution for that. If you only close smallest losers it will probably take a long time to get back to the desired margin level. It might not ever get there. Additionally, in the event that the pair should reverse and become a winner again, which trade would come back into profit quicker and which would remain a loser longer. If we decide to revisit trimming losers on a limited basis, it only makes sense to me to chop the biggest one.

I say "revisit" because MC and I did test a tactic of trimming losers back some time ago, but we were using that as our primary means of getting into profit and closing losers every hour. EDIT: It did not work out well at all. What I'm suggesting now is a very limited use of closing losers to keep an acceptable margin level.
Frazer
  • #1,789
  • Nov 13, 2010 10:26pm Nov 13, 2010 10:26pm
Here is an extract of my AddSix_01 spreadsheet with some comments in the margin. It illustrates what I am talking about. There were 240(+) trades in this basket before it dipped below 100% and triggered the first magin call at 12:07 on 1 Nov. It closed a $17 loser and that pushed the margin back above 100% for a short time. Then at 12:10 the margin was below 100% again and it closed a $15 loser and at 12:22 a $14 loser. Finally after 6 Margin call closes over a 30 minute time span, the market started to move in my favor and by 1400 the profit target was reached and the EA began a close-all function which took 5 minutes to close the 240 remaining trades. When the smoke cleared I had a $289 profit.

So what I propose is that we pre-empt the margin call by not letting our margin reach that level. We start closing biggest losers at a user defined margin level and we close them on a scheduled basis, the same schedule we add winners and do it until the desired margin level is regained. That buys us time to let the EA work its way back into profit without experiencing a margin call.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot_002 13-Nov-10.gif Size: 34 KB
Frazer
  • #1,790
  • Nov 14, 2010 12:05am Nov 14, 2010 12:05am
Thanks Frazerd for your reply re: platform closure, your input here in this thread is fantastic.

Pedross
  • #1,791
  • Nov 14, 2010 12:14am Nov 14, 2010 12:14am
O ye, this is more clear to me, you are right, your idea is better--remove biggest losers.

then i think that a hard-stoploss for each pair seems an OK idea. then i understand that a hard-stoploss (say, 100 pips) is not a popular idea to many. then how about this idea:

ratio = negative floating pips of a pair / last day move;
or
ratio = negative floating pips of a pair / this pair's profit in the rank;

when 'ratio' is reaching a threshold value, cut its biggest loser.

the logic behind is that the immediate recent price move of this pair is sufficient proof that the price reversed (the profit ranking is no longer valid.) so we exit.

anyway, the way is no better than manual intervening. but it can be coded into the EA.

forgive my dumbness, if i misunderstand the EA's logic...

Quoting frazerd
Trimming the BIGGEST loser would be the best solution for that. If you only close smallest losers it will probably take a long time to get back to the desired margin level. It might not ever get there. Additionally, in the event that the pair should reverse and become a winner again, which trade would come back into profit quicker and which would remain a loser longer. If we decide to revisit trimming losers on a limited basis, it only makes sense to me to chop the biggest one.
  • #1,792
  • Edited Nov 15, 2010 6:24pm Nov 14, 2010 6:56pm | Edited Nov 15, 2010 6:24pm
Attached is the original Phantom_AddSix_01x with a reset function similar to 03b, but will just reset once a day.

Choose an hour and set it against the variable "ResetHour".
The EA will reset the Phantoms on that hour on minute 1.

e.g. Just before the London Open like someone had suggested.


Also for those who want to keep the Phantoms "alive" (i.e. Not reset) after you either - Change a setting / Close then open the MT4 platform / Restart your computer (the attached has this so you can refer to that if you get lost)...

1) ...move the SetSymbols(); function call from inside the start() function, into the first line of the init() function

2) ...remove the ResetPhantoms(); function call from inside the init() function

3) ...then you can add the following code in SetGlobalVariableNames()

Inserted Code
  strGBPUSDask = MagicNumber+"_"+GBPUSDsym;
  strEURGBPask = MagicNumber+"_"+EURGBPsym;
  strGBPJPYask = MagicNumber+"_"+GBPJPYsym;
  strUSDCHFask = MagicNumber+"_"+USDCHFsym;
  strNZDUSDask = MagicNumber+"_"+NZDUSDsym;
  strAUDJPYask = MagicNumber+"_"+AUDJPYsym;
  strEURJPYask = MagicNumber+"_"+EURJPYsym;
  
  strEURUSDbid = MagicNumber+"_"+EURUSDsym;
  strUSDJPYbid = MagicNumber+"_"+USDJPYsym;
  strAUDUSDbid = MagicNumber+"_"+AUDUSDsym;
  strNZDJPYbid = MagicNumber+"_"+NZDJPYsym;
  strGBPCHFbid = MagicNumber+"_"+GBPCHFsym;
  strCHFJPYbid = MagicNumber+"_"+CHFJPYsym;
  strEURCHFbid = MagicNumber+"_"+EURCHFsym;

4) ...and then add the following code in InitGlobalVars()

Inserted Code
  if (!GlobalVariableCheck(strGBPUSDask)) GlobalVariableSet(strGBPUSDask, GBPUSDask);
  if (!GlobalVariableCheck(strEURGBPask)) GlobalVariableSet(strEURGBPask, EURGBPask);
  if (!GlobalVariableCheck(strGBPJPYask)) GlobalVariableSet(strGBPJPYask, GBPJPYask);
  if (!GlobalVariableCheck(strUSDCHFask)) GlobalVariableSet(strUSDCHFask, USDCHFask);
  if (!GlobalVariableCheck(strNZDUSDask)) GlobalVariableSet(strNZDUSDask, NZDUSDask);
  if (!GlobalVariableCheck(strAUDJPYask)) GlobalVariableSet(strAUDJPYask, AUDJPYask);
  if (!GlobalVariableCheck(strEURJPYask)) GlobalVariableSet(strEURJPYask, EURJPYask);
  
  if (!GlobalVariableCheck(strEURUSDbid)) GlobalVariableSet(strEURUSDbid, EURUSDbid);
  if (!GlobalVariableCheck(strUSDJPYbid)) GlobalVariableSet(strUSDJPYbid, USDJPYbid);
  if (!GlobalVariableCheck(strAUDUSDbid)) GlobalVariableSet(strAUDUSDbid, AUDUSDbid);
  if (!GlobalVariableCheck(strNZDJPYbid)) GlobalVariableSet(strNZDJPYbid, NZDJPYbid);
  if (!GlobalVariableCheck(strGBPCHFbid)) GlobalVariableSet(strGBPCHFbid, GBPCHFbid);
  if (!GlobalVariableCheck(strCHFJPYbid)) GlobalVariableSet(strCHFJPYbid, CHFJPYbid);
  if (!GlobalVariableCheck(strEURCHFbid)) GlobalVariableSet(strEURCHFbid, EURCHFbid);

5) ...then add the following code to the RefreshGlobalVars() function

Inserted Code
  GBPUSDask = GlobalVariableGet(strGBPUSDask);
  EURGBPask = GlobalVariableGet(strEURGBPask);
  GBPJPYask = GlobalVariableGet(strGBPJPYask);
  USDCHFask = GlobalVariableGet(strUSDCHFask);
  NZDUSDask = GlobalVariableGet(strNZDUSDask);
  AUDJPYask = GlobalVariableGet(strAUDJPYask);
  EURJPYask = GlobalVariableGet(strEURJPYask);
  
  EURUSDbid = GlobalVariableGet(strEURUSDbid);
  USDJPYbid = GlobalVariableGet(strUSDJPYbid);
  AUDUSDbid = GlobalVariableGet(strAUDUSDbid);
  NZDJPYbid = GlobalVariableGet(strNZDJPYbid);
  GBPCHFbid = GlobalVariableGet(strGBPCHFbid);
  CHFJPYbid = GlobalVariableGet(strCHFJPYbid);
  EURCHFbid = GlobalVariableGet(strEURCHFbid);

MetaCoder had the rest of the code implemented, just didn't initialise the Global Variables for some reason.

EDIT: The Phantoms will of course reset as usual after closing all real trades for a profit.
Attached File(s)
File Type: mq4 Phantom_AddSix_01xr.mq4   52 KB | 254 downloads
  • #1,793
  • Nov 14, 2010 7:10pm Nov 14, 2010 7:10pm
If anyone downloaded 01xr in the last 15 minutes, please re-download again.

I fixed a boo-boo
  • #1,794
  • Nov 14, 2010 8:33pm Nov 14, 2010 8:33pm
Quoting the-game
Attached is the original Phantom_AddSix_01x with a reset function similar to 03b, but will just reset once a day.

Choose an hour (0-23) and set it against the variable "ResetHour".
The EA will reset the Phantoms on that hour on minute 1.

e.g. Just before the London Open like someone had suggested.


Also for those who want to keep the Phantoms "alive" (i.e. Not reset) after you either - Change a setting / Close then open the MT4 platform / Restart your computer (the attached has this so you can refer to that if you get lost)...

1)...
Kudos to the game for including the reset function in file provided.
  • #1,795
  • Nov 14, 2010 8:43pm Nov 14, 2010 8:43pm
Quoting frazerd
Here is an extract of my AddSix_01 spreadsheet with some comments in the margin. It illustrates what I am talking about. There were 240(+) trades in this basket before it dipped below 100% and triggered the first magin call at 12:07 on 1 Nov. It closed a $17 loser and that pushed the margin back above 100% for a short time. Then at 12:10 the margin was below 100% again and it closed a $15 loser and at 12:22 a $14 loser. Finally after 6 Margin call closes over a 30 minute time span, the market started to move in my favor and by 1400 the profit target...
The fact of the matter is that it should never have taken 240+ trades to begin with.
  • #1,796
  • Nov 14, 2010 9:23pm Nov 14, 2010 9:23pm
Quoting TradeRunner
The fact of the matter is that it should never have taken 240+ trades to begin with.
Well I don't think you will get any arguments on that statement, but the fact of the matter is, it did!

The x factor has fixed a lot of that, but it can still happen with that EA or with any EA if the conditions are right.
Frazer
  • #1,797
  • Nov 14, 2010 9:39pm Nov 14, 2010 9:39pm
Quoting frazerd
Well I don't think you will get any arguments on that statement, but the fact of the matter is, it did!

The x factor has fixed a lot of that, but it can still happen with that EA or with any EA if the conditions are right.
No, it cannot happen with "any" EA. Ask a programmer or two.
  • #1,798
  • Nov 14, 2010 10:17pm Nov 14, 2010 10:17pm
Parting shot. I'm beginning to wonder how many programmers (aka Ea creators) are hired to post on FF just to create additional traffic for the site.

Of course I'm a little paranoid (or am I).

Humble Regards,

TR
  • #1,799
  • Nov 14, 2010 10:35pm Nov 14, 2010 10:35pm
Quoting TradeRunner
Parting shot. I'm beginning to wonder how many programmers (aka Ea creators) are hired to post on FF just to create additional traffic for the site.

Of course I'm a little paranoid (or am I).

Humble Regards,

TR
That would be a good marketing strategy but I highly doubt it. What you need is a vacation
  • #1,800
  • Nov 14, 2010 10:37pm Nov 14, 2010 10:37pm
Quoting TradeRunner
Parting shot. I'm beginning to wonder how many programmers (aka Ea creators) are hired to post on FF just to create additional traffic for the site.

Of course I'm a little paranoid (or am I).

Humble Regards,

TR
That would be a good marketing strategy but I highly doubt it. What you need is a vacation

and 240 trades in an EA? Why not if the broker's platform allows you and you like to donate? Yes that's not a very good strategy but don't say never because thats NEVER true.
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