T101 Basket Trader with ONE of Nanningbob's Balls | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Do you have the balls to Lose, But not the balls to Win? 63 replies

My first attempt at T101's basket method... 2 replies

Attachments: T101 Basket Trader with ONE of Nanningbob's Balls
Exit Attachments

T101 Basket Trader with ONE of Nanningbob's Balls

  • #101
  • Sep 9, 2011 7:59am Sep 9, 2011 7:59am
Here's the chart.
  • #102
  • Sep 9, 2011 8:00am Sep 9, 2011 8:00am
Okay, Steve's right. Let me try again.
Attached Image (click to enlarge)
Click to Enlarge Name: basket8.gif Size: 31 KB
  • #103
  • Sep 9, 2011 8:01am Sep 9, 2011 8:01am
Here is a live trade I made this am. picked up about 120 pips

This is basically a re-enter

Signal 1 Basket is coming out of an area of congestion. Bollinger is pinched together, indicating that the basket is re-grouping (tightening). Basket will either break out, and continue down move, OR break out and move towards upper band

Signal 2 Currency index shows further possible weakening of EUR. USD and JPY seem firmly in sell zone, and may be showing increasing strength

Signal 3 NB basis showing "sell"

ENTRY SIGNAL Strongly bearish candle closes against bottom leg of Bol Band.

Cut the GBP if goes negative, or exclude it from basket.

I exited early, when JPY on currency index showed sharp move towards border. Ended up I left a lot of pips on table

Thanks for listening, anxious to hear any input ,

Shake
Attached Image(s) (click to enlarge)
Click to Enlarge Name: morning basket trade 1.jpg Size: 130 KB
Click to Enlarge Name: currency index trade 1.jpg Size: 139 KB
  • #104
  • Sep 9, 2011 8:19am Sep 9, 2011 8:19am
Quoting gilab
It seems to this dim-witted idiot (Steve's name for me), that we have to find three things to make this work: the composition of the basket, simple and consistent entry signals, and the EA with the mechanics to make this work. The only area where I can contribute since I don't have a deep grasp of the fundamentals and I can't code, is in the area of entry signals.

I just modified the offline basket chart to reflect Beshakey's list. I added a trend indicator (nonlagdot) and a stoch indicator with arrows. This is not a magic formula (there are...
Don't worry Gilab, I am a fellow knuckle dragging mouth breather myself. I once lost 80 USD on a 5cent per lot trade on the GU. That's 1600 pips! I kept thinking "it's gotta come back sooner or later".

It will be interesting to see what various indies will do with the offline charts. They might be more reliable and less lag. A lot will depend on what JM will be comfortable coding in. The non-lag dot looks interesting.

Could be a simple garden variety MA cross system might work.

Shake
  • #105
  • Sep 9, 2011 8:22am Sep 9, 2011 8:22am
cool

would love to know more about this currency index, though it looks very similar to the CCFp that is available on mql.forum

lets keep the ideas flowing

with the new modifications to the bot coming

specifically the aptly name "Trade Logic Engine", which removes the signal logic from the EA and puts it a separate indicator for easy modification and user definabality

the more TLE's we can create I am sure we can come up with some winning ones



Quoting Beshakey
Here is a live trade I made this am. picked up about 120 pips

This is basically a re-enter

Signal 1 Basket is coming out of an area of congestion. Bollinger is pinched together, indicating that the basket is re-grouping (tightening). Basket will either break out, and continue down move, OR break out and move towards upper band

Signal 2 Currency index shows further possible weakening of EUR. USD and JPY seem firmly in sell zone, and may be showing increasing strength

Signal 3 NB basis showing "sell"

ENTRY SIGNAL Strongly bearish...
  • #106
  • Sep 9, 2011 8:38am Sep 9, 2011 8:38am
Thanks for all the hard work, JMW

I was wondering. . . when a pair is closed during a trade, you have that pair appear in white below, showing what that pair would be doing had it been left in.

Would it be possible to have them also pasted below, "frozen" at their profit or loss when they were closed? Perhaps also have the loss of this closed trade reflected along with it that gives the current profit/loss of that particular trade minus/plus the one that was closed? That might save a little calculator work.

Not a big deal, if too much trouble.

Another thing . . . during a trade, IBFX server dropped out. Don't know if it was my end, or IBFX end. Lost connection for about a minute. Anyway, when server was reconnected to the platform, it signaled the EA to close the trade. (luckily I was in profit.) Is there a fix to that?

Thanks again, Shake
  • #107
  • Sep 9, 2011 8:49am Sep 9, 2011 8:49am
regarding the closed trade profit shown - wouldn't be possible unless we used incrementing magic numbers, there is no way at the moment in history to tell what basket the trade was for

in theory we could use the comment field - to have a incrementing basket number, the problem would then come in manually added trades to the basket - there is no way to guarantee that the number is correct

also hedge trades currently use the comment to have a link back to the original trade

- the ea sends options to close if the close button is pressed (ie. moved) therefore at some point this button must have been moved during your disconnect , however it should have sent you a confirmation message

- OR - one of the reasons to close was met, for instance the visual tp, if the trade was in profit by more than where the default is for the visual tp, then it could close

hard to tell, in the new version there is a log written when a close request is sent so afterwards you can see what initiated it.





Quoting Beshakey
Thanks for all the hard work, JMW

I was wondering. . . when a pair is closed during a trade, you have that pair appear in white below, showing what that pair would be doing had it been left in.

Would it be possible to have them also pasted below, "frozen" at their profit or loss when they were closed? Perhaps also have the loss of this closed trade reflected along with it that gives the current profit/loss of that particular trade minus/plus the one that was closed? That might save a little calculator work.

Not a big deal, if too much...
  • #108
  • Sep 9, 2011 9:00am Sep 9, 2011 9:00am
Quoting Beshakey
Thanks for all the hard work, JMW

I was wondering. . . when a pair is closed during a trade, you have that pair appear in white below, showing what that pair would be doing had it been left in.

Would it be possible to have them also pasted below, "frozen" at their profit or loss when they were closed? Perhaps also have the loss of this closed trade reflected along with it that gives the current profit/loss of that particular trade minus/plus the one that was closed? That might save a little calculator work.

Not a big deal, if too...
I too had a basket close randomly and it was for a loss to annoying. When a disconnection occurs is the init() run again for an EA? If so could this be the reason as the Close label is reinitialised and so fires? Saying that i have a few other EAs using labels like this and not had this problem. Very odd! A log would be very useful.

I like the use of currency index to aid in basket direction, Scooby-doo's new EA due out in a few weeks uses currency indexes and trends so this idea looks the way to go to make profit. http://www.forexfactory.com/showthre...04646&page=565

Mike
  • #109
  • Sep 9, 2011 9:03am Sep 9, 2011 9:03am
Quoting jmw1970
regarding the closed trade profit shown - wouldn't be possible unless we used incrementing magic numbers, there is no way at the moment in history to tell what basket the trade was for

in theory we could use the comment field - to have a incrementing basket number, the problem would then come in manually added trades to the basket - there is no way to guarantee that the number is correct

also hedge trades currently use the comment to have a link back to the original trade

- the ea sends options to close if the close button is pressed (ie....

no biggie, i'm at a loss on these things. some things just aren't doable.

About the currency index, I have no idea of how it works. Naturally, it's a exe file, so no help there. It is flexible so that you can add currencies you want and change colors and lines. Can even display it as candles or histo. Have to occasionally re adust the fixe min max to keep and re adjust the mid line, though.

Will look around for some others, including the one you mentioned. Thanks, Shake
  • #110
  • Sep 9, 2011 9:09am Sep 9, 2011 9:09am
Quoting magft
I too had a basket close randomly and it was for a loss to annoying. When a disconnection occurs is the init() run again for an EA? If so could this be the reason as the Close label is reinitialised and so fires? Saying that i have a few other EAs using labels like this and not had this problem. Very odd! A log would be very useful.

I like the use of currency index to aid in basket direction, Scooby-doo's new EA due out in a few weeks uses currency indexes and trends so this idea looks the way to go to make profit. http://www.forexfactory.com/showthre...04646&page=565...
Wow! That thread is still around? I followed that for a while. Scoobs a frickin' genius . . . I mean SCARY, MAD SCIENTIST genius.
  • #111
  • Edited 10:03am Sep 9, 2011 9:17am | Edited 10:03am
DAMN! Wish I had been looking at the chart for that last hour. Bet there are a 1000 pips there. Hope somebody caught it!
  • #112
  • Sep 9, 2011 9:41am Sep 9, 2011 9:41am
Quoting Beshakey
DAMN! Wish I had been looking at the chart for that last hour. Bet there are a 100 pips there. Hope somebody caught it!
Nope, i had put a Long trade in during the upturn before it dropped! Tried to add another basket it to recover and the basket closure routine kicked in again. Is hedging working now John?

Here is an indicator that shows currency index that has been used by others http://articles.mql4.com/484

Also Hanover has created a good indicator but it is resource intensive here http://www.forexfactory.com/showthread.php?t=163158

I have also had a play around with this one http://www.forexfactory.com/showthre...25#post4769225

And this one showing which are good to trade http://www.forexfactory.com/showthre...02#post4782002

Regards

Mike
  • #113
  • Sep 9, 2011 9:58am Sep 9, 2011 9:58am
hedging will only be in the next big release next week, as mentioned in my post a few hours ago

yeah, the one from mql4.com is the one i have seen quite often, the good thing with this one it is not so resource intensive as others



Quoting magft
Nope, i had put a Long trade in during the upturn before it dropped! Tried to add another basket it to recover and the basket closure routine kicked in again. Is hedging working now John?

Here is an indicator that shows currency index that has been used by others http://articles.mql4.com/484

Also Hanover has created a good indicator but it is resource intensive here http://www.forexfactory.com/showthread.php?t=163158

I have also had a play around with this one http://www.forexfactory.com/showthre...25#post4769225

And...
  • #114
  • Sep 9, 2011 10:02am Sep 9, 2011 10:02am
the fact that the init() runs again isn't the problem, otherwise it would close baskets if you took the ea off the chart and added it again - which it doesn't

but as no one should be using this in live yet, it is just one of those things that will probably be something really easy to fix - once the logging is there to see why it ordered the close

depending on how many people actually test (and so far there have been very few) it will be a few weeks before this ea is safe to add onto a live acct.



Quoting magft
I too had a basket close randomly and it was for a loss to annoying. When a disconnection occurs is the init() run again for an EA? If so could this be the reason as the Close label is reinitialised and so fires? Saying that i have a few other EAs using labels like this and not had this problem. Very odd! A log would be very useful.

I like the use of currency index to aid in basket direction, Scooby-doo's new EA due out in a few weeks uses currency indexes and trends so this idea looks the way to go to make profit. http://www.forexfactory.com/showthre...04646&page=565

Mike...
  • #115
  • Sep 9, 2011 10:07am Sep 9, 2011 10:07am
to anyone who may have an opinion

after the recent discussions regarding using different strength meters, i noticed that people were highlighting certain crosses of currencies being more important to the way our basket is

would it not be better then to take a currency strength meter and then make the 4 (i think) currencies that are essential to good basket profitability and make them stand out more from the rest (ie. double thick lines)

the ccfp has the option to make the currencies of the pair that you have the indicator on have double thickness, this would just need changing to say always make these 4 currencies thick, regardless what currency pair it is on

ie. a T101 version of ccfp

people who have more knowledge than me should explain which of the 4 currencies in the 8 carry more weight in the T101 basket and how the crosses are of importance

so far from my understand they are USD,EUR,GBP & JPY but i may have misunderstood something
  • #116
  • Sep 9, 2011 10:13am Sep 9, 2011 10:13am
John I like the pending Buy Sell buttons
Man this EA is really becoming a rocket
hard to keep up with the suggestions and changes
Some real great stuff going on here
  • #117
  • Sep 9, 2011 10:27am Sep 9, 2011 10:27am
if you like those, just wait for the next version - ability to enter limit pendings

which can be very useful when used correctly

i'm just upset i was testing some the closing routines just before this run happened.....

but i suppose it doesn't really matter as at the moment i am more testing the ea than the strategy itself

p.s. just saw your pm, thanks for the vouch, it's nice to be appreciated

Quoting dryclean
John I like the pending Buy Sell buttons
Man this EA is really becoming a rocket
hard to keep up with the suggestions and changes
Some real great stuff going on here
  • #118
  • Sep 9, 2011 10:59am Sep 9, 2011 10:59am
I have found a bug in the SL check when using SL by value

- it closes baskets in profit

i am fixing for the next release but for now ensure StopLossByValue is off

basically for sl use the visual
  • #119
  • Edited 7:50am Sep 10, 2011 7:21am | Edited 7:50am
Attachment
Quoting zznbrm
Yep, that's the general idea. These basket systems all boil down to one thing - betting that certain currencies will outperform others. With this T101 14-pair basket, you are clearly betting heavy on the JPY.

When viewing these long baskets like this, you can clearly see that you are creating 3 groups of currencies, where the USD is in the middle and CHF/JPY is at the bottom and all others are on top:

You want AUD/EUR/GBP/NZD to all be stronger than the USD.

You want the USD to be stronger than the CHF and JPY.

As you can see, getting the...
Here is an indi that might help to determine strength

turn on or off the currencies you want
Attached File(s)
File Type: ex4 KG INDEX MTF.ex4   45 KB | 328 downloads
File Type: ex4 KG RS GROUP V1.1.ex4   20 KB | 347 downloads
File Type: ex4 Formula_2.ex4   16 KB | 340 downloads
  • #120
  • Sep 10, 2011 7:27am Sep 10, 2011 7:27am
John I am sure (maybe) you have thought to make an option in the bot to trade just 1 pair .. I know Kos has had success trading EU and EG I currently trade Gold Silver with the Kos method (HAS) doing well there too
0 traders viewing now