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Basket 14 EA System

  • #2,001
  • Dec 3, 2010 6:54am Dec 3, 2010 6:54am
The hedge is a very good idea, I was using it in a "non loss" system. It can give a second chance and it's great for "freeze" the loss.
Develop the old ways! Backtest with 25% quality... JOKE!
  • #2,002
  • Dec 3, 2010 7:21am Dec 3, 2010 7:21am
Quoting floydian666
The hedge is a very good idea, I was using it in a "non loss" system. It can give a second chance and it's great for "freeze" the loss.
I tried it but failed, for some reason it won't work mabe my maths is wrong. But will try again!
  • #2,003
  • Dec 6, 2010 10:24am Dec 6, 2010 10:24am
Quoting floydian666
The hedge is a very good idea, I was using it in a "non loss" system. It can give a second chance and it's great for "freeze" the loss.
Do you maybe have the source code for that system ?
  • #2,004
  • Dec 6, 2010 11:03am Dec 6, 2010 11:03am
Quoting Saidar
About balancing the trades to form a perfect hedge, as you said very tricky indeed. Every detail of each order will need to be saved in an array of some sort to make this happen as each order was placed at different currency values. For some reason my calculations always gives me an extra variable with no equation so that means I have two variables unaccounted for so will need to program some kind of iterative algorithm to find a solution.
We're talking about different things I believe.

You seem to be talking about the simple part -- placing a perfect hedge on open positions.

I'm talking about the TACTICS. Once we've opened our perfect hedge, which itself is very easy, now what? What actions does the EA take over time in terms of adding more trades or closing them, taking into account that we can make no assumptions about what the market will or will not do in the future?
Open to new approaches.
  • #2,005
  • Dec 6, 2010 11:09am Dec 6, 2010 11:09am
Hi, Metacoder:

I am trying to edit your code. I hope to make it trading two sides.

see, if gbpusd is real pair to trade, and in your original EA, only when gbpusd is bullish and leading in profit, gu will be traded.

what i want is when gbpusd is bearish and leading in profit, the EA will also start to short gu. this way might increase some entries for the EA.

however, when i read your code, i am not sure what i need to update/add. will it work if I only change GBPUSDidx~EURJPYidx as 7~13, and EURUSDidx~EURCHFidx as 0~6?

seemingly no to me, to realise what I wish(reverse trading direction), your EA needs lots of re-writing, doesn't it?

Thanks.
  • #2,006
  • Dec 6, 2010 11:57pm Dec 6, 2010 11:57pm
Quoting MetaCoder
We're talking about different things I believe.

You seem to be talking about the simple part -- placing a perfect hedge on open positions.

I'm talking about the TACTICS. Once we've opened our perfect hedge, which itself is very easy, now what? What actions does the EA take over time in terms of adding more trades or closing them, taking into account that we can make no assumptions about what the market will or will not do in the future?
Do you have code for this? I cannot seem to get it right.

From my backtests the death basket usually happens in big news events, the market normalizes usually within a week or two so I think for starters that would be a good assumption to wait two weeks and then enterthe market again. A correlation test can also be done between two correlated pairs to see if there are any abnormalities.
  • #2,007
  • Dec 17, 2010 6:45am Dec 17, 2010 6:45am
I've put this question on the Phantom 6 System thread too but thought one of you guys may also be able to answer me..........

Being a very successful gambler with my own automated Betfair algorithms and a reasonably successful part-time FX news trader (which I'm about to take more seriously), I'm interested in the mathematics of this system.

I can't quite understand the logic behind 'buy the pair in greatest phantom profit on the hour'. I appreciate the fact that we're dealing with synthetic hedges but because I don't know the FX market as well as many on here, perhaps someone could outline the maths involved, or at least point me in the right direction.

I've read this thread and most of the other phantom-based threads but the logic behind the concept escapes me. I'm not necessarily the sharpest knife in the drawer but I generally can understand stuff once its explained.

My own view of the FX market has been that any analysis of historic data is generally meaningless when applied to predicting future movement and whilst I understand this current system is not attempting to predict future movement per se, it is using historic data to determine an action. And I'm wondering what the logic is that is driving that.
He was looking for the card so high and wild hed never need to deal another
  • #2,008
  • Dec 21, 2010 7:50am Dec 21, 2010 7:50am
If we dont want to trade jpy pairs is there an alternative
  • #2,009
  • Dec 22, 2010 9:32am Dec 22, 2010 9:32am
Quoting Toothman
MC,
At the beginning of the phantom 6 system you seemed to be favoring the 02a. Are you still testing that one? I'm getting very good results and considering going live with it. thanks
Thank you for your information,

Can you share your set file of Phantom 6 version 02a


I have testing Phantom Atr

bye
ajentha
  • #2,010
  • Dec 22, 2010 9:40am Dec 22, 2010 9:40am
Hi,

It seems this thread went far, since the last time a read it. I've just read the 60 last pages...quite long...

- I saw that on 1 EA, someone tried to open orders at minutes 15 & 45. I think this is a good idea. Because all the news (i mean most of them) are published at minute "0" or "30". and just before and after the publication of the news (that could be GDP, retail sales, interest rates, etc.) the market is very VOLATILE...

- VIENNA !! Where are you ?
I like your reports and the way you have fun with diversification by putting 2 EAs on one account.
I tried to do it, but I'm not able to put 2 EA's at same time. when i'm moving the second one, it seems that the 1st one is leaving and there is only the second one...
Could oyu please help me?

Thank you again to MC and Frazerd. Said seems to have good idea also.

Thx all.
Regards,
  • #2,011
  • Jan 9, 2011 3:35pm Jan 9, 2011 3:35pm
Quoting Toothman
The AddSix_02a started out shaky for me with no closure for 8 days. I did see it in good positive territory during that time several times but it couldn't quite reach my TP. It had opened more than 70 trades in that basket. Since that time with a slightly higher lot size I haven't seen it go more than 20-25 trades in a basket with most baskets having 15-20 trades. Sure wish this could be back tested to see a worse case. I think someone had a script to do that on one of these phantom threads but I cant find it again. If I could see the 02a survive...

Finally I made it almost through all posts....yikes...

I had one of the very first versions running on a demo and also encountered a huge DD, but it always closed eventually with a small profit.

But the reason I am writing:

Why not using a script which you just pull onto the chart to close all open trades when they have a profit ( I mean especially when you have a gazillion trades open already ) ?
This way you get rid of the bunch of trades, get a profit and can start fresh....

Just a thought...
  • #2,012
  • Jan 11, 2011 9:08pm Jan 11, 2011 9:08pm
well... because that just makes too much sense, way to easy and doesn't beg the coders to keep going for the perfect ea


Quoting 4rexLady_de
Finally I made it almost through all posts....yikes...

I had one of the very first versions running on a demo and also encountered a huge DD, but it always closed eventually with a small profit.

But the reason I am writing:

Why not using a script which you just pull onto the chart to close all open trades when they have a profit ( I mean especially when you have a gazillion trades open already ) ?
This way you get rid of the bunch of trades, get a profit and can start fresh....

Just a thought...
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #2,013
  • Jan 13, 2011 3:00pm Jan 13, 2011 3:00pm
Quoting 4rexLady_de
.....Why not using a script which you just pull onto the chart to close all open trades when they have a profit ( I mean especially when you have a gazillion trades open already ) ?
This way you get rid of the bunch of trades, get a profit and can start fresh....

Just a thought...
I, and I think probably several others, use a EA that will close all trades in case of emergencies or it could be used as you suggest as well. However, the EA will close all the trades when equity reaches Equity Profit Target. Equity Profit Target is determined by ProfitPercent (PP), a external input item that the user sets as desired. Most of us set that at .5% and I don't think anyone sets it higher than 1%. That variable can be changed at any time while the EA is running. So, if you have it set at .5 and you have a lot of trades accumulated and want to take less profit to get a basket closed quicker, just reset PP to .1, or if you are willing to accept a small loss to get the basket closed, set it to -.5.

The point is, you don't have to use a Close-All EA to do what you suggest. It can be done using the settings that are already in these EAs. However, if it makes you feel any better, here is a Close-All EA. I keep this EA on all my platforms just in case something goes wrong and I need to get all trades closed quickly.
Frazer
  • #2,014
  • Jan 13, 2011 3:03pm Jan 13, 2011 3:03pm
Ooops, forgot to upload the EA.
Attached File(s)
File Type: mq4 CloseAll.mq4   2 KB | 452 downloads
Frazer
  • #2,015
  • Jan 13, 2011 3:26pm Jan 13, 2011 3:26pm
Quoting TraderJoe
well... because that just makes too much sense, way to easy and doesn't beg the coders to keep going for the perfect ea
Joe, I hope you read my answer to 4xlady. Does that mean these are perfect EAs? Probably not, but they are close, thanks to MetaCoder.

BTW, I also remember when the Dead Sea was just sick.
Frazer
  • #2,016
  • Jan 14, 2011 1:59am Jan 14, 2011 1:59am
Quoting frazerd
Ooops, forgot to upload the EA.

Hi,
Is there any way that the close all function contained within the EA itself can be made to work quicker. It is not unusual to take over 30 seconds to close baskets of upto 20 trades so that we are largely guessing at the PP result.
Sure, sometimes we get more than we bargained for - but more often it's less.

I'm not winging - but it would be an improvement.
  • #2,017
  • Jan 14, 2011 9:16am Jan 14, 2011 9:16am
Quoting Nicastro
Hi,
Is there any way that the close all function contained within the EA itself can be made to work quicker. It is not unusual to take over 30 seconds to close baskets of upto 20 trades so that we are largely guessing at the PP result.
Sure, sometimes we get more than we bargained for - but more often it's less.

I'm not winging - but it would be an improvement.
MC will have to address that issue. I believe it can be done, but I'm not a programmer, so I could not do it.
Frazer
  • #2,018
  • Jan 14, 2011 10:14am Jan 14, 2011 10:14am
Quoting Nicastro
Hi,
Is there any way that the close all function contained within the EA itself can be made to work quicker. It is not unusual to take over 30 seconds to close baskets of upto 20 trades so that we are largely guessing at the PP result.
Sure, sometimes we get more than we bargained for - but more often it's less.

I'm not winging - but it would be an improvement.
Just run one of the mt4 tick sender apps, it will speed up closeall functions.
  • #2,019
  • Jan 14, 2011 10:19am Jan 14, 2011 10:19am
Quoting tazmaan
Just run one of the mt4 tick sender apps, it will speed up closeall functions.

Sorry, you have lost me.
What? Where? How?
I'd appreciate some guidance
Thanks in advance
  • #2,020
  • Jan 14, 2011 10:24am Jan 14, 2011 10:24am
Quoting Nicastro
Hi,
Is there any way that the close all function contained within the EA itself can be made to work quicker. It is not unusual to take over 30 seconds to close baskets of upto 20 trades so that we are largely guessing at the PP result.
Sure, sometimes we get more than we bargained for - but more often it's less.

I'm not winging - but it would be an improvement.
No. The close-all EA I use closes one trade per second.

Last I checked, the broker's servers do not respond to trading actions that are programatically requested more than once per second.

30 seconds to close 20 trades with an MT4 broker is about the best you're going to see.
Open to new approaches.
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