Tarrini: another Basket multi-trader by SteveHopwood

From morning Asian session, the EA, traded like six times and have been in profit so far on all trades with max draw down at -100 USD trading 0.10 lot in Alpazri NZ demo account ...please find the attached statement

Since, I'm manually trading my system, plenty of times in between to test other EA's

Great points by scoobs...Since, gold does not seems to be coming down anytime soon, till December, when gold starts to decline from the past historical data...of 5 years or so...I think for couple of months its a safe EA to trade...

http://seekingalpha.com/article/2108...atility-so-low

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If the gold prices stays up for even one week...This EA could make serious pips, however, Max DD...needs to be tested...I have seen upto -100 USD in one of seven trades so far...Thanks

gold it's not important, you can change buy audusd with sell usdtry or sell usdcad , the most important thing is buy 3 times and sell 3 times the same currency in the basket .
i believe that if we could plot the equity of the basket in a period of time it does not move a lot back and forth from the mean value , that's what allow to controll dd and take constant small profits......

Good Morning Gentleman,
Four winning baskets overnight on this bot......Running very well...DD low....Time will tell

Have a great day

whip

Gold is not important ?, Sir, you are trading commodity pairs in this basket. Ofcourse Gold is important. Thats like saying I am trading all the CAD pairs and Oil is not important.

I am 110% sure that the only reason you are CURRENTLY making money using this method is the fact that Gold is UP, Positive swaps, Unbalanced basket using the same lotsize all round and overall the $ index is fcuked.

Yes, in the short term you can/will make money but I hope you are not running this on a live account unless you are very concervative with your lotsize/leverage etc, as you will get screwed at some point and end up crying in your pint, tea or coffee.

Yes, you can change the BUY or SELL pairs but you still need a trade trigger to determine which way you are going to go. Gold maybe up today but could well be down tomorrow, so again, i ask, what trigger are you going to use ?

If someone wants too, then look at the price of Oil, if up then BUY 3 CAD pairs and SELL 3 CAD pairs and vice versa if the swaps are positive.

I doubt you are running this on a live account as brokers see price feeds before you do and will take advantage of the positive swaps if Gold is UP etc. On a demo account I could well believe that this would work long term but on a live account...................... No fcuking way on earth.

If it were possible then the top 4 tier banks (which is where your broker gets their price/liquidity feeds from) would use 9999 true 100K lots and blow all retail traders out of the water. Actually, they do but they supply the price etc with no spread, so again there is no chance on a live account with your broker.

Scoobs

you are very skilled of course, but i love the kiss strategies ...

i suggest steve hopwood to make this bot a little more generical , so that we can use different pivots...and also , it seems that it's a jealous bot, doesn't want any other bots in the same account trading but him...

am i wrong ?

This bot is as general as you want it to be. You have total control over buy and sell pairs - if you want different ones, enter different ones.

If you want to use multiple EA's on an account, then simply change the magic numbers. You should not do this, but if you really want to then this is how.

Hello SteveHopwood,

I will try to start with this EA but as some other manual order is still running so this EA not placing the order, please help me to how can i overcome this problem.

thanks in advance.

Without looking at the code, but if that EA does not use MagicNumbers to check if there are some open trades (and to verify that it is only dealing with "its" trades) for the pair, it may count manual opened trades also.

edit:
I had a short look to the code.
He cannot because there is no option to change the (not existing) magicnumber.

from the code:
if (OrderSymbol() == symbol)
{
return(true);
or:
OrderSend(symbol,type, lotsize, price, slippage, stop, take, comment, 0, 0, CLR_NONE);

When Scoobs speakes about trading strategies, backgrounds, etc., it makes sense to be attentive.

In the discussed case here, just that:
It is ok to love KISS strategies - But donnot complain when that strategy is KISSING your back at the end ...

i always want to learn something, i read everyone's thought wit care .
when gold will begin to come down i will revert the selling to the buy and viceversa in the basket .

you can also hedge the hedge , if you do 5buys and 1 sell and it goes wrong , you can open an opposite basket 5sell and 1 buy doubling the lot size .

i love hedging because it's safer in my opinion , and i need not to care too much about about market directions and triggers , only once a day .

nothing is perfect but worth a try .

the bot closed another basket this morning , in two days 10% profit with 10% dd , i leave it running, hope that steve hopwood can work on the magic number issue.

not tested yet, maybe I overlooked something, not sure and so no guarantee (try on demo first!).

Should work with magic numbers now, see attached. Changes/additions in the code are marked with 'fxdaytrader_'

since now it 's closing 3-4 baskets per day .

following scoobs suggestion i took away nzdusd and put usdcad, more stable and less drawdown .

the version with magic number works well ( thanks ) .

i will put on test another pivot ( jpy ) to see how it's going .

If that can be of any help:
I had coded a "BasketProfit" indicator long ago, posted on other basket-related threads.

It is very easy to use it as a "Basket backtester", but also as a correlation tool between currencies or even between baskets.

Attached is a template that will overlap the GOLD price line with Tarrini's basket.

I have set Tarrini's basket so that it shows a 100$ profit grid so you can clearly see the system's expectation.

The basket is set to:

BasketPairs=AUDUSD+NZDUSD+EURUSD+USDCHF+USDJPY-GBPUSD
and
WeightFactor=-0.1

which means each currency is bought/sold for 0.1 lot.

I set the WeightFactor to -0.1 so it shows the correlation between BUYING GOLD against SELLING Tarrini's Basket.




The GOLD "BasketProfit" is set to :

BasketPairs=GOLD
WeightFactor is set to 1.0 and does not actually matter much -- we only want to compare the shapes of the curves.

NOTE: the Profit line does NOT account for SPREAD+SWAP COST; so it will not show the exact same profit expectation curve as you would get when actually trading the system, due to spread+swap cost decreasing the profit, and making the TP hit later (or even not hitting the TP although the BasketProfit line showing a hit).


NOTE #1: in the "BasketPairs" you can set individual pairs weights;
An example is the DollarIndex equivalent Basket that is given as an example in the DollarIndexBasketNormalized input : (which is given only as a reference and is not used in the indicator itself, but you can copy/paste the string into the "BasketPairs" to plot the true DollarIndex Profit curve):

DollarIndexBasketNormalized=-100*EURUSD + 24*USDJPY - 21*GBPUSD + 16*USDCAD + 7*USDSEK + 6*USDCHF

negative values mean "sell", positive means "buy"

NOTE #2: I use FxPro, which calls Gold as "GOLD";
Names adjustments are required when other brokers use different names.
For instance Alpari calls it "XAUUSD"

Same goes with fx pairs if they have weird extensions (like EURUSDm etc)

NOTE #3: you may need to refresh the indicator on the first load, because it will gather all needed pairs data, and this may take a few seconds for pairs that you did not open on the current timeframe before.
An easy way to do this is to change the chart's timeframe, wait a few seconds, then come back to the initial timeframe.
Do this multiple times until you get a stable profit curve.

NOTE #4: the line is drawn based on BAR CLOSE PRICES, so the shorter the timeframe, the more accurate the curve will be;
On H1 you will not see the actual tops and bottoms of the actual Profits, so you should use shorter TFs to better appreciate the 100$ grid hits.


Now here is what i see on H1 from mid-june:
The GOLD line is...GOLD!
Tarrini's Basket is red.



Some fairly good correlation with GOLD indeed.

You can zoom-in on shorter TFs (M15 or M5 or even M1) to get a better idea of the movements compared to the 100$ grid;

But it is has not always been the case -- use larger TF like D1 to convince yourself.


Sq

i'll have a look , very useful

thanks

I cannot see anything to stop it working. Cheers.

How did Tarrini hold up with Gold plunging in the last few days?

Early days but a good start:

 

1. IBFX Aussie demo
2. $2000 starting balance
3. 0.02 lots
4. $2.00 take profit

5 baskets closed this week - two of them today.

Hi Guys,
I'm a newbie and I wanted to test this on my demo account with FXDD.

I see the two attached files that end with mq4 & tpl.
Do I save in my expert folder or indicator folder?

Or please send me the lastest version of the Basket/Gold system.

Thanks
Ariel

Ariel, the .mq4 file goes in the experts folder and the .tpl goes in your templates folder. Good luck.
Marlin Man

Thanks Marlin, have another question do I load the EA on all the 8 pairs and what time frames?

Ariel,