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Basket 14 EA System

  • #1,941
  • Nov 19, 2010 9:29am Nov 19, 2010 9:29am
Quoting roundrock
we havent heard about MC recently. would like to know his views on the new developments. its getting little too complicated with so many flavors and too many EAs. its difficult to keep track of what is what
It would help if one of the guys developing the 3 pair concept would start a new thread to keep all that separate from the 6 pair versions. And then everyone post only to the appropriate thread. If you want to talk about the AddSix EAs do it on this thread, Phantom6 reports/conversations only on that thread and Phantom3 only on the new thread. That would make it easier to keep track.
Frazer
  • #1,942
  • Nov 19, 2010 9:35am Nov 19, 2010 9:35am
Quoting Caillou
I agree with you Frazerd that the start time is important but only for the first closure. After that, the new start time is absolutely random.
True, but it seems that if you get the good start you get into a flow where you get more and quicker closures, at least for several days.
Frazer
  • #1,943
  • Nov 19, 2010 9:53am Nov 19, 2010 9:53am
Quoting frazerd
It would help if one of the guys developing the 3 pair concept would start a new thread to keep all that separate from the 6 pair versions. And then everyone post only to the appropriate thread. If you want to talk about the AddSix EAs do it on this thread, Phantom6 reports/conversations only on that thread and Phantom3 only on the new thread. That would make it easier to keep track.
I would have no problem to start a new thread, but this in NOT MY EA, it is MC´s EA, I have only made a simple version with 3 pairs, all appreciation and thankfulness is for MC.
Only if MC, the author of the thread, asks me to leave this thread, I will do. Otherwise, sorry for having complicated this thread, my only goal is to share what I think are good ideas. I just want to return a small part of what helped me MC and others.....
  • #1,944
  • Nov 19, 2010 9:58am Nov 19, 2010 9:58am
absolutely sincere suggestion:

use: gbpjpy, eurgbp, and eurjpy

the reason is that fundamentally, the 14 pairs basket is very very similar to gbpjpy (or eurjpy). in t101 thread, some ppl develop 14 pairs offline chart that looks highly similar to gbpjpy/eurjpy.

therefore, these 3 (with jpy) may better serves the purpose to identify overall market sentiments. and we also know that gbpjpy/eurjpy are sort of indicator of overall financial market mood.

Quoting Caillou
Phantom3.60_suv: exactly as Phantom3_suv but during min 15, not 0.

Phantom3.30_01x: exactly as Phantom3.30_suv but with GBPUSD, EURGBP and EURUSD (Pluto2 suggestion).
  • #1,945
  • Nov 19, 2010 9:58am Nov 19, 2010 9:58am
Quoting timmy
I agree with you however if we can make the DD smaller and possibly do so with the same size trade then we make a gain on the system. And logic would dictate that three pairs should produce a 'tighter' reaction with the hedge and so shrink the DD. (The issue being whether this will allow for good equity pops - thus the reason I was keen to see a simple pre-London open trade entry filter.)

Tim
Hi,

Tighter reaction might not be what you want when the market swings that tight reaction would cause drawdown. This is why I said to distribute your money so during swings you would have less DD.
  • #1,946
  • Nov 19, 2010 10:12am Nov 19, 2010 10:12am
Quoting charvo
absolutely sincere suggestion:

use: gbpjpy, eurgbp, and eurjpy

the reason is that fundamentally, the 14 pairs basket is very very similar to gbpjpy (or eurjpy). in t101 thread, some ppl develop 14 pairs offline chart that looks highly similar to gbpjpy/eurjpy.

therefore, these 3 (with jpy) may better serves the purpose to identify overall market sentiments. and we also know that gbpjpy/eurjpy are sort of indicator of overall financial market mood.
Thank you Charvo,

I will code this too and make ready to test....
  • #1,947
  • Nov 19, 2010 10:16am Nov 19, 2010 10:16am
Quoting Caillou
I would have no problem to start a new thread, but this in NOT MY EA, it is MC´s EA, I have only made a simple version with 3 pairs, all appreciation and thankfulness is for MC.
Only if MC, the author of the thread, asks me to leave this thread, I will do. Otherwise, sorry for having complicated this thread, my only goal is to share what I think are good ideas. I just want to return a small part of what helped me MC and others.....
I am not suggesting the new thread because I don't like your ideas. I think the 3 pair versions may turn out to be the best ones over time. But since it is a major deviation from the 6 pair concept, it would help simplify keeping track of changes, etc.

I'm not sure what's happened to MC recently, but I don't think he would object to having a separate thread for the 3 pair concept.
Frazer
  • #1,948
  • Nov 19, 2010 10:19am Nov 19, 2010 10:19am
Quoting navk
Phantom3_suv :

Two baskets got closed during europeon session.

Present balance : 5330 $. Equity up by 6.6 % in 3 days since 17 nov.

Right now another basket open.

Cheers !
Phantom3_suv :

Next basket got closed. Present equity : 5387 $. Equity up by 7.7 % in 3 trading days.

Calliu, do you suggest switching off this EA untill sunday open ? Thanks.
Intraday only.
  • #1,949
  • Nov 19, 2010 10:26am Nov 19, 2010 10:26am
Quoting frazerd
I am not suggesting the new thread because I don't like your ideas. I think the 3 pair versions may turn out to be the best ones over time. But since it is a major deviation from the 6 pair concept, it would help simplify keeping track of changes, etc.

I'm not sure what's happened to MC recently, but I don't think he would object to having a separate thread for the 3 pair concept.
Sorry Frazerd, I think I have never offended anyone to tell me "I don´t like your ideas". Anyway, I do like yours.
To close the topic, if MC thinks it is better I move to a new thread, I will do
  • #1,950
  • Nov 19, 2010 10:26am Nov 19, 2010 10:26am
Hello Caillou,

Thanks so much for all the EAs.

I will set up all 3 pairs Phantoms for next trading week.
Same inputs, same type of account, starting at the same time.

We will see which one is doing the best.....

Thanks again

BTW, the Phantom_addsix_02a with Navk inputs is doing extremely well.
Largest floating DD so far -0.79. Started Nov. 17 with $5,000.
As of now the balance is closed $5,315.
Open +9.60. It had 6 pops.
  • #1,951
  • Nov 19, 2010 10:32am Nov 19, 2010 10:32am
Quoting navk
Phantom3_suv :

Next basket got closed. Present equity : 5387 $. Equity up by 7.7 % in 3 trading days.

Calliu, do you suggest switching off this EA untill sunday open ? Thanks.
Hello Navk,

Personally, I will not switch off the EA, you´re right, you could have a gap, but with red news we could have a big movement too. If I had a hard SL is different, but the EA has to be able to recover any DD, that´s why I´m testing it. And most of the time, market doesn´t like gaps, and they are often closed quickly ...but, just my opinion.

I´m looking for an EA wich can operate 24h.
  • #1,952
  • Nov 19, 2010 10:37am Nov 19, 2010 10:37am
Quoting Caillou
Hello Navk,

Personally, I will not switch off the EA, you´re right, you could have a gap, but with red news we could have a big movement too. If I had a hard SL is different, but the EA has to be able to recover any DD, that´s why I´m testing it. And most of the time, market doesn´t like gaps, and they are often closed quickly ...but, just my opinion.

I´m looking for an EA wich can operate 24h.
True, testing an EA for all conditions would be good.
Intraday only.
  • #1,953
  • Nov 19, 2010 11:55am Nov 19, 2010 11:55am
Quoting Caillou
Sorry Frazerd, I think I have never offended anyone to tell me "I don´t like your ideas". Anyway, I do like yours.
To close the topic, if MC thinks it is better I move to a new thread, I will do
i am sorry to intefear in this issue. in my view 3 pair concept deserves its own thread, since it needs to evolved and tested and hence a seperate thread. it doesnt matter who thinks what. seperate thread always gets its own attention and its due

combining several concepts in same thread will confuse the members. nothing wrong in having so many threads on basket system. each is seperate idea and is not comptition to each other, they can coexist and we can trade one or more of these EAs (on different accounts)
  • #1,954
  • Nov 19, 2010 12:18pm Nov 19, 2010 12:18pm
Quoting roundrock
i am sorry to intefear in this issue. in my view 3 pair concept deserves its own thread, since it needs to evolved and tested and hence a seperate thread. it doesnt matter who thinks what. seperate thread always gets its own attention and its due

combining several concepts in same thread will confuse the members. nothing wrong in having so many threads on basket system. each is seperate idea and is not comptition to each other, they can coexist and we can trade one or more of these EAs (on different accounts)
Because everyone seems to want this, I will open a new thread about 3 pairs basket. I will inform you.....
  • #1,955
  • Nov 19, 2010 12:59pm Nov 19, 2010 12:59pm
Quoting sidhujag
Hi,

Tighter reaction might not be what you want when the market swings that tight reaction would cause drawdown. This is why I said to distribute your money so during swings you would have less DD.

You need to think about this. A tighter reaction will limit the drawdown NOT increase it. It will increase the margin used (although with only three pairs trading this is much less than other EA series such as the Addsix EA's).

The DD is limited because if the direction of the overall position goes negative it is quickly rebalanced.

Distributing your money across more pairs (with less direct association to each other) means it will take more time and trades to rebalance. This means that sometimes there will be a bigger DD blow out (but not always).

We saw this clearly with the 14 pair basket trades (Phantom or Basket series), and the newer versions have much less DD. The three pair basket has less again.

Tim
  • #1,956
  • Nov 19, 2010 1:04pm Nov 19, 2010 1:04pm
Quoting Caillou
Because everyone seems to want this, I will open a new thread about 3 pairs basket. I will inform you.....
I think it is a mistake to open a seperate thread for the 3 pairs basket. This just represents (potentially) further evolution of the design. All we need to do is to state which EAs we are talking about. The three and six basket EA's should be discussed and compared along side each other, with them seperated the debate will be limited..no?

Really there is only two or three Six series EA's and two or three Three series EA's that we are all using now.

However if you do open a seperate thread Caillou - thats where I will be heading, so please let us know.

Thanks
Tim
  • #1,957
  • Nov 19, 2010 1:06pm Nov 19, 2010 1:06pm
You are very welcome.

By the way, you can actually set 3 pairs as external inputs, so that some newcomers can try their own idea.

i do have pathetic skills to alter the code, but afraid that my coding might confuse the download list.

we look forward to your new thread and coding soon :-)

Quoting Caillou
Thank you Charvo,

I will code this too and make ready to test....
  • #1,958
  • Nov 19, 2010 1:40pm Nov 19, 2010 1:40pm
Quoting timmy
I think it is a mistake to open a seperate thread for the 3 pairs basket....
I think as you. Someone said the change from 6 to 3 pair is a sustancial difference, so the change from 14 to 6 not?
So I will start a new thread if I wake up a day with enough desire to do....
What is clear for me is that a thread is alive, it evolves and over time the EA' s being talked about are the ones who survive the changing market conditions.

So time will say in this thread and others wich EA' s are the bests....
  • #1,959
  • Nov 19, 2010 1:42pm Nov 19, 2010 1:42pm
Quoting charvo
You are very welcome.

By the way, you can actually set 3 pairs as external inputs, so that some newcomers can try their own idea.

i do have pathetic skills to alter the code, but afraid that my coding might confuse the download list.

we look forward to your new thread and coding soon :-)
Your suggested change is interesting but absolutely impossible to do for me....
  • #1,960
  • Nov 19, 2010 3:01pm Nov 19, 2010 3:01pm
Quoting navk
Phantom3_suv :

Next basket got closed. Present equity : 5387 $. Equity up by 7.7 % in 3 trading days.

Calliu, do you suggest switching off this EA untill sunday open ? Thanks.
Phantom3_suv :
Another basket got closed before friday closing. Present equity 5443 $.

Equity up by 8.8 % in three trading days. 2.93 % per day.

Very impressive performance !

Cheers calliou !
Intraday only.
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