Basket with Nanningbob's Balls. Another take on T101's basket trading. | Forex Factory

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Basket with Nanningbob's Balls. Another take on T101's basket trading.

  • #1
  • First Post: Edited Sep 4, 2011 7:10pm Sep 3, 2011 5:24pm | Edited Sep 4, 2011 7:10pm
SERIOUS WARNING

 

  1. Most Forex traders lose all their money.
  2. Using the robot posted here in trading Forex does not guarantee success.
  3. Trading this robot could lead to serious financial loss.
  4. Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
  5. This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
  6. At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
  7. To trade this robot, you have to understand:

    1. trader101's basket trading. Read about the method at http://www.forexfactory.com/showthread.php?t=107119
    2. NB V10's trend-detection filter. Read about it at http://www.forexfactory.com/showthread.php?t=308304
    3. How the BigBob auto-trading EA trades NB V10. Read about this at http://www.forexfactory.com/showthread.php?t=309980


DO NOT TRADE THIS EA LIVE. IT IS EXPERIMENTAL. Also, take the stuff you have to understand seriously and do the required reading. If you are not prepared to do so, then go away and do not return.

Introduction
We are indebted to Telac for this. Telac contacted me last week to investigate the possibility of combining NB V10 with T101 offline charts. I am not much interested in offline charts for now, but Telac gave me an idea.

What if we:

 

  1. use Bob's V10 trend detection to trigger trades from t101's basket, only in the direction specified by t101?
  2. treated all the trades as a basket?

My manual trading has already shown the potential benefit of point 2, so I think this is worthwhile investigating.

So, this multi-trader attempts to trade a basket t101 pairs only in the direction he specifies, whenever the pair is trending in the correct direction. It will close the entire basket when the upl hits your specified profit target. This is calculated by multiplying your ProfitPerPair input (this is a cash profit) by the number of open trades. I suggest you work out roughly the profit your lot size will generate at, say, 100 pips and use this as your input as a starting point.


In conclusion
It will be a minor miracle if there are no bugs.

This bot will either succeed quickly or it will crash and burn. t101's 'balance' will only come into play when there are a number of trades open. The BwNB will only take trades when: 1) the trend is in place and; 2) we are at the start of the trend (as in BB's OnlyTradeStartOfTrend input) so it will not be a trading tart. Unbalanced trading is likely.

Bung it on a demo and see what happens; it will not use a lot of processor power.







Matters of general interest

Read this post:
http://www.forexfactory.com/showthre...11#post4923611 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration.



Useful utilities/EA's/scripts

 

  1. MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
  2. Multi purpose trade manager: http://www.forexfactory.com/showthread.php?t=89371
  3. Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at http://www.forexfactory.com/showthre...98#post4709098, which includes a template for both USD and the Euro.
  4. Past-trades display indi by squalou; shows a graphical display of the success/failure of trades in your History tab. Breathtaking piece of work. http://www.forexfactory.com/showthre...10#post3830610
  5. My shell EA – the code I use to produce EA's so quickly. http://www.forexfactory.com/showthre...94#post4431794




Most promising trading EA's

 

  1. BigBob: an implementation of Nanningbob V10. http://www.forexfactory.com/showthread.php?t=309980. The strategy is fantastic and I am having a ball trading it manually. The EA is the most promising I have coded so far.
  2. Trendy: http://www.forexfactory.com/showthre...82#post4840182, but should be left behind by BigBob.
  3. Reversi: http://www.forexfactory.com/showthread.php?t=294255 – I have traded this live.
  4. Rip: http://www.forexfactory.com/showthre...98#post4777998
  5. The Beast: http://www.forexfactory.com/showthre...=1#post4135863

_________________________________________________________________________________
Posting restrictions
This is not a thread for beginners. I have restricted the ability to post in this thread to: traders with at least 1 voucher; and traders on my 'buddy' list. I have done this because I do not want the thread cluttered with 'newbie' questions about the basics. New/inexperienced traders, this is not intended as a direct insult. What I want here is discussion with traders who fully understand what it is they are doing; when you newbs have been around a while, you will come to understand what a difference experience makes to the posts a member writes and shudder at the recollection of some of the questions you asked. I do. http://cdn.forexfactory.com/images/s..._the_floor.gif Go to your profile page; there is a link to the FF page that describes the voucher process.

Do not attempt to get around this by sending me pm's asking for help with your basic problems. Doing so will earn you an automatic ban from all of my threads.

I have set up a partner to my restricted threads at http://www.forexfactory.com/showthre...66#post3948666
There, you can post the questions that you cannot post here, about anything you need to know. Someone with the knowledge and experience you need will answer.

Traders/coders with experience who have not yet been vouched for, can get around this restriction be being added to my 'buddy' list; all you have to do is pm me to ask me to do this.

Attached File(s)
File Type: mq4 Basket with Nanningbob's Balls.mq4   28 KB | 1,220 downloads
  • #2
  • Sep 3, 2011 7:13pm Sep 3, 2011 7:13pm
Steve: Looks interesting I'll give it a shot since I have Bob's system on manual demo. I want to see if the EA agrees with my interpretation of Bob's system with regard to the pairs selected. Will post comments at weeks end.
Roger
  • #3
  • Sep 4, 2011 1:53am Sep 4, 2011 1:53am
Hi Steve,

A big thanks for putting this together! The T101 strategy is one I keep coming back to - Trading it manually absolutely works but takes a serious amount of screen time! Even if we can get a partially automated system that works it will be of great help.

Cheers
GG
  • #4
  • Sep 4, 2011 6:03am Sep 4, 2011 6:03am
Good luck Steve. 10.0 was designed to be used with other systems. It is a read and then go trade.
  • #5
  • Sep 4, 2011 7:03am Sep 4, 2011 7:03am
Hi Steve,
After following Trader 101 on two different forums I really never became a fan of him, but I did his system.....Hopefully this will advance into an easier way to trade it.
Will have it on demo at start of trading......

Have a great week

whip
  • #6
  • Sep 4, 2011 9:41am Sep 4, 2011 9:41am
hi steve

great otb thinking. I for one would love to see Telacs idea and give it merit because it would be a different system applying nbobs rules. I read the code and initial post and sorry ill generalize but i see it as very similar to the original bot except your taking 50% trades since you choose direction of each pair and the basket idea uses different exit strategy. I would imagine you would want to take all sells or all buys if the basket reached a peak or valley and then taking it further by applying a basket style corrolco grid that would optimize profits. The basket corolco would buy sell all at a predefined basket tp similar to the 10 or 20 pip per pair number it was designed initially as. If you are wrong you can apply a recovery system that will work per basket and not per pair. What you are really doing is taking a weighted average trade which could limit profit initially but also limit loss. However with corolco it would help increase the potential to outweigh the black swan events where recovery suffers and you take the hit. Your edge comes from moving averages. Also note that what you are doing is buying is risk off while sell basket is risk on in terms of the industry term risk aversion refering to commodity trades. This is because in a buy basket your are essentially buying usd and jpy. When going live baskets help against brokers who decide they are manually intervening on some pairs to balance their exposure to the market at that time.
  • #7
  • Sep 4, 2011 10:15am Sep 4, 2011 10:15am
Quoting sidhujag
hi steve

great otb thinking. I for one would love to see Telacs idea and give it merit because it would be a different system applying nbobs rules. I read the code and initial post and sorry ill generalize but i see it as very similar to the original bot except your taking 50% trades since you choose direction of each pair and the basket idea uses different exit strategy. I would imagine you would want to take all sells or all buys if the basket reached a peak or valley and then taking it further by applying a basket style corrolco grid that would...

a basket style corrolco grid

to outweigh the black swan

is risk off while sell basket is risk

industry term risk aversion

OK I am lost like a termite in a yo yo. Dont need to explain, I am sure it made sense to Steve, but I am lost.
  • #8
  • Sep 4, 2011 10:22am Sep 4, 2011 10:22am
Quoting nanningbob

a basket style corrolco grid

to outweigh the black swan

is risk off while sell basket is risk

industry term risk aversion

OK I am lost like a termite in a yo yo. Dont need to explain, I am sure it made sense to Steve, but I am lost.
sorry bob im typing from my iphone waiting for my flight at dc international lol hard to clearly explain I just hoped that the point would come across.

Corrolco on V10 essentially stacks every x pips where im saying if there is a sell basket in place you stack every x profit of original trades. Rely on recover to get out on headfakes. Recovery would open baskets instead of indiviual trades. This is probably what Telco was getting at when refering to offline charts to trade from??

Jag
  • #9
  • Sep 4, 2011 10:25am Sep 4, 2011 10:25am
Telac not Telco sorry. Not really stacking I take that back just a standard grid. Instead of looking at currency pair chart you trade from an offline chart
  • #10
  • Sep 4, 2011 11:13am Sep 4, 2011 11:13am
Quoting nanningbob

a basket style corrolco grid

to outweigh the black swan

is risk off while sell basket is risk

industry term risk aversion

OK I am lost like a termite in a yo yo. Dont need to explain, I am sure it made sense to Steve, but I am lost.

Me too
  • #11
  • Edited 12:11pm Sep 4, 2011 11:41am | Edited 12:11pm
Sidhujag + Bob,

Just to give you a bit of background on where my idea came from and what sparked it:
I have been trading the T101 system for some time and have followed all the variations and attempts at making it easier mostly from the following thread: http://www.forexfactory.com/showthread.php?t=112522

The latest system developed and presented by Kos is excellent and I have been trading it with success - anyone interested can get the details starting at post 3742 on the following link: http://www.forexfactory.com/showthread.php?t=112522&page=250

I have always followed Nanningbob's threads with interest and respect - a true giver with amazing insight! As soon as the software and templates started rolling out for his V10, I immediately thought to try them on the T101 offline charts created by the indicator below. These charts are actually created by a 14 pair trade hedge so any signals from these charts are for buying or selling the same 14 pairs. The results of Bob's templates on the 4 hour and Daily charts were very nice, giving clear direction to the trade hedge. This was a very good confirmation of the nice system Kos put together using the multi time frame HAS indicator and actually gives the bigger picture of where you are in the trend cycle.

Now comes the great mechanic that puts it all together which of course is Steve. I try to keep up with at least most of his threads (which is a feat in itself) and of course have been very keen on the BB bot. It seems to be evolving faster than I can keep up the past week; seeing the huge potential of the bot and coupling that with what I have observed using the V10 templates on my T101 offline charts I just couldn't resist contacting Steve to see if there was a way to integrate the systems. I know the eternal problem here is that for some reason so far unknown to every coder I have asked; EA's will simply not run on the offline chart created by the indicator. The only way I know of around this problem is by creating an EA that runs on any live chart; then imputing the offline chart data into it. It all gets a bit complicated.

Anyway, I still would love to see the NB V10 signal engine working directly from the offline chart and trading the 14 pairs but Steve's idea is also very interesting and actually in a way more purely T101. Will be very interesting to see this running when the market opens.

Pips to all
Attached File(s)
File Type: mq4 t101_indy_pricehistory_v3-dnk_donfix14_hopfi2k_zero_div_fix.mq4   14 KB | 662 downloads
  • #12
  • Sep 4, 2011 11:59am Sep 4, 2011 11:59am
Quoting nanningbob

a basket style corrolco grid

to outweigh the black swan

is risk off while sell basket is risk

industry term risk aversion

OK I am lost like a termite in a yo yo. Dont need to explain, I am sure it made sense to Steve, but I am lost.
Hehe. Didn't understand a word.

  • #13
  • Sep 4, 2011 12:55pm Sep 4, 2011 12:55pm
Quoting nanningbob
Good luck Steve. 10.0 was designed to be used with other systems. It is a read and then go trade.
I see so many possibilities. Should keep my OCCD happy for a while.

I have already incorporated it into my generic ea as a trade trigger for other trend-spotting systems. It made a fabulous start on Trendy last week. V10 looks like the Missing Link we have all been waiting for.

  • #14
  • Sep 4, 2011 2:52pm Sep 4, 2011 2:52pm
thanks Telac thats the indi (pricehistory) i was refering to and i immediately saw the same thing as u when i clicked om this thread. As far as ea on an offline chart you open up the offline tick chart and then drag the EA overtop. Backtesting wouldnt work I believe but i know someone got around to that aswell. Lets see how this EA performs atm it is a totally different beast and might be what you are looking for.
  • #15
  • Sep 4, 2011 7:37pm Sep 4, 2011 7:37pm
Hi Telac

there is no problem running EA's on offline charts as long as the EA or Indicator that is populating the chart sends "Fake" ticks to the offline chart.

Then the offline chart will work fine (I used to use Renko a lot and had all my order management EA's running on the offline chart)

The trick is that after the data has been written to the .hst file in the indicator run the following routine

Inserted Code
#include <WinUser32.mqh>
#include <stdlib.mqh>
#import "user32.dll"
    int RegisterWindowMessageA(string lpString); 
#import
void UpdateChartWindow() 
{
    static int hwnd = 0;
 
    if (hwnd == 0)  hwnd = WindowHandle(SymbolName, OfflineTimeFrame);

    if(EmulateOnLineChart && MT4InternalMsg == 0) 
        MT4InternalMsg = RegisterWindowMessageA("MetaTrader4_Internal_Message");

    if(hwnd != 0) if(PostMessageA(hwnd, WM_COMMAND, 0x822c, 0) == 0) hwnd = 0;
    if(hwnd != 0 && MT4InternalMsg != 0) PostMessageA(hwnd, MT4InternalMsg, 2, 1);

    return;
}
This sends a "tick" to the offline chart and allows any EA's on the chart to run.

Regards, John

Quoting Telac
[size=3][font=Calibri]Now comes the great mechanic that puts it all together which of course is Steve. I try to keep up with at least most of his threads (which is a feat in itself) and of course have been very keen on the BB bot. It seems to be evolving faster than I can keep up the past week; seeing the huge potential of the bot and coupling that with what I have observed using the V10 templates on my T101 offline charts I just couldn't resist contacting Steve to see if there was a way to integrate the systems....
  • #16
  • Sep 5, 2011 3:25am Sep 5, 2011 3:25am
Hi jmw1970,

Thanks a lot for your information!! I appreciate it though it's not very meaningful to me since I can't code. However, this will be extremely useful to some I know that are trying to build an EA based on the offline chart indicator we have.

Thanks again
GG
  • #17
  • Sep 5, 2011 6:55am Sep 5, 2011 6:55am
Anyone have any trades yet today? None so far for me....
  • #18
  • Sep 5, 2011 7:08am Sep 5, 2011 7:08am
"So, this multi-trader attempts to trade a basket t101 pairs only in the direction he specifies, whenever the pair is trending in the correct direction. It will close the entire basket when the upl hits your specified profit target. This is calculated by multiplying your ProfitPerPair input (this is a cash profit) by the number of open trades. I suggest you work out roughly the profit your lot size will generate at, say, 100 pips and use this as your input as a starting point"

Just so I am clear this doesn't open a whole basket but only 1 pair at a time as it qualifies then when the "basket" reaches posted profit iit closed all trades???

Threw the bot up and it opened a buy AJ so far.. will watch with interest

If steve could get a bot to trade Kos's method that would really be interesting
  • #19
  • Sep 5, 2011 7:15am Sep 5, 2011 7:15am
Quoting dryclean
If steve could get a bot to trade Kos's method that would really be interesting
I'll second that !! However, if we could trade the full 14pr trade hedge with the NB V10 engine that also could be very interesting! Anything that would relieve us of some screen time while still keeping us profitable would be most welcome! Lets see how we go along with the idea Steve has implemented here.
  • #20
  • Sep 5, 2011 7:24am Sep 5, 2011 7:24am
Hi Telac

is my limited understanding of what you are trying to achieve the following:-

use the indicator provided by Kos to produce a offline "hedge" chart on a daily timeframe
use the standard NB 10.0 Basic Template to get a "read" on the basket hedge
(ie. UT,DT,CTR,BO,Range)
use a "modified" version of the standard NB 10.0 ea's but instead of opening one order open the basket.

ie. Offline Hedge Daily shows according to NB 10.0 shows Range Trading, therefore on the Offline Hedge 4hr or 1hr you would use the modified NB 10.0 1h or 4hr CTR Both to open baskets of buy / sells based on the standard bollinger cross?

is this correct?

John
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