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T101 Basket Trader with ONE of Nanningbob's Balls

  • #281
  • Sep 16, 2011 5:07am Sep 16, 2011 5:07am
Hmm, can we already use Basket with the bot?

P.S. I want Stop&Reverse too!
I don't say
  • #282
  • Sep 16, 2011 5:22am Sep 16, 2011 5:22am
you can use the new basket indi provided by Pat with this bot, but you will (at the moment) need to make some minor changes

change the #define DftPendingDistance to 1

modify the parameters for visual SL,TP, and Hedge to 2 or 3

get rid of the check in Init() that the bot needs to run on the ##T101## chart

Inserted Code
   // If this is not the T101 offline chart then stop
/*   if (Symbol() != OfflineChart)  
      {
      Alert("This EA can ONLY be run on the T101 offline chart, EA is stopping!");
      gb_Stopped = true;
      return(0);
      }
*/
by putting /* at the beginning and */ at the end of it - like above (or of course, deleting it)

I am testing this new version now from Pat, and the next release of the bot (which will include Stop & Reverse) will be based on this new T101 Price Indicator

Regards, John

Quoting dragosd1
Hmm, can we already use Basket with the bot?

P.S. I want Stop&Reverse too!
  • #283
  • Sep 16, 2011 5:25am Sep 16, 2011 5:25am
Hmm, need to work out my trailing parameters, my basket entered above was trailed out at 11.98 USD profit (119.8 pips at 0.01 lots)

so entered again but this one initially is not looking so good (because I was impatient and didn't wait for the PA to return to HAS)

Before a TLE can designed for Kos method, certain things need to be sorted out, like Min/Max from HAS
Attached Image (click to enlarge)
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  • #284
  • Sep 16, 2011 5:46am Sep 16, 2011 5:46am
Thanks, John!
I don't say
  • #285
  • Sep 16, 2011 6:11am Sep 16, 2011 6:11am
last basket was stopped out at the BE + Lock (4.77 USD 47.7 pips at 0.01 lots)

buy limit was placed and triggered to go again
Attached Image (click to enlarge)
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  • #286
  • Sep 16, 2011 6:12am Sep 16, 2011 6:12am
I have now had 5 successful manual baskets for a total of 760pips in the last couple of days. It should have been more but the trailing basket settings need tweaking as i keep getting court out too soon. Also the visual TP line has been hit too soon, this is usually whilst i'm alseep so never mind.

I made the changes you pointed out but i think i need to change the entry exit criteria to make it work, i am not adhering to my own rules but still making money! This tells me i need to refine them better, i'll try and review over weekend.

Do you think it is worth switching over to Pat's indy for the history, from the screens it does look much smoother and easier to trade.

Thanks to all that have contributed, we are on the way to some excellent strategies.

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: t101 btv2 tle m15_2.gif Size: 31 KB
Attached File(s)
File Type: mq4 !TLE_NLMA_PwR_Immed.mq4   9 KB | 349 downloads
  • #287
  • Edited 6:31am Sep 16, 2011 6:20am | Edited 6:31am
Hi Mike

I have switched to Pat's indi, it is definitely easier on the eye in regards to numbers, and appears to be as stable as the original

but from my side, purely because the numbers now actually make some sense - all NEW versions of my bot will be based off Pat's indi creating the charts.

See my earlier post on the minor tweaks that need to be made, until I release an official version

Regards, John

Quoting magft
Do you think it is worth switching over to Pat's indy for the history, from the screens it does look much smoother and easier to trade.

Thanks to all that have contributed, we are on the way to some excellent strategies.

Mike
  • #288
  • Sep 16, 2011 6:29am Sep 16, 2011 6:29am
A big round of applause (and our thanks) goes to Mike (Magft) for posting the first actual TLE

Mike, once you have made your changes I would suggest you repost your TLE, along in the post with a description, ie. can it auto open orders, can it alert, can it close etc. is it designed for a specific time frame

Once this is done, I will update the first Post with a new section entitled TLE Library

this will then be updated with a brief description and the link to the latest version & description of that TLE

John
  • #289
  • Sep 16, 2011 6:54am Sep 16, 2011 6:54am
Ok, so I thought I would try out something different

Kos Method 1-15

but I open the offline chart 3 times

each one has the ea on it with 3 different magic numbers

1st chart is for normal entries and is where most of the trading is done

however if a trade that is trend based (ie. inline with the 4hr) but the 15m HAS changes color (which indicates switch to countertrend) ie. our trade is now in loss - because the trend is inline with the main trend instead of closing leave it open

in this case, then trade countertrend only on the secondary chart

now once our initial trade then went wrong goes in excess of x dollars (i was thinking 50 usd) then it is available to be recovery traded - which is on the 3rd chart

so effectively most of the work will be done on the first chart, except when we are whipsawed on a trend trade only (countertrend whipsaw we close for the loss) - then we switch to the 2nd chart
  • #290
  • Sep 16, 2011 6:59am Sep 16, 2011 6:59am
Limit and Stop orders seem to be the way to go with the bot

Almost all week If I feel the trend is up I have been placing Buy limit and buy stop for example at the same time and 1 or the other will take and has gone to profit all week I had 1 bad trade that was when I place limit and stop both buy and sell 4 potentials just to see what happened well it happened a loss

The basket balance has been a big factor too, in my entries

I have 1 other platform trying to work out of a hedge that started 1st thing this week recovery is at 1.1.1 so far. I don't know if with the hedge this would be 1.-1.1.1. I turned off the bot and have MPTM with a close all at BE+1 set.

THe problem is I could have taken a -$50 hit and trade forward. Now I have to wait and can't trade.... I could but it would get messy. If I get out of it at least there will be NO loss

Looking forward to other updates and developments

taking the rest of weekend OFF so good pips to all
  • #291
  • Sep 16, 2011 7:01am Sep 16, 2011 7:01am
Hehe, I'm doing that since last week, just forgot to mention...
But I'm using the EA on M1,M15 and H1, so I have also the visuals of the TTF...


Quoting jmw1970
Ok, so I thought I would try out something different

Kos Method 1-15

but I open the offline chart 3 times

each one has the ea on it with 3 different magic numbers

1st chart is for normal entries and is where most of the trading is done

however if a trade that is trend based (ie. inline with the 4hr) but the 15m HAS changes color (which indicates switch to countertrend) ie. our trade is now in loss - because the trend is inline with the main trend instead of closing leave it open

in this case, then trade countertrend only on the secondary chart

now...
I don't say
  • #292
  • Sep 16, 2011 7:17am Sep 16, 2011 7:17am
this could be risky, but in theory i could recovery trade off the bounce of the H4 HAS

even though I haven't hit my min loss for recovery - decisions

EDIT: decided against it, as having a recovery trade so close to the original means there is too much chance of having to go to Level 3 recovery - at which point things get scary complicated
Attached Image (click to enlarge)
Click to Enlarge Name: BSKT08-2011.09.16-14.15-1m.gif Size: 33 KB
  • #293
  • Sep 16, 2011 7:17am Sep 16, 2011 7:17am
Trying to get a run on Mike's TLE.. Good job, Mike, thank you!

I have read the instructions, but seems I'm a bit confused...so I'm gonna ask:
In order to have the TLE on auto trading, we should select Market Read to false in EA options? Or have it true and we manually select Range mode to allow it to place buy and sell on it's own?

Thank you
I don't say
  • #294
  • Sep 16, 2011 7:20am Sep 16, 2011 7:20am
Quoting jmw1970
Ok, so I thought I would try out something different

Kos Method 1-15

but I open the offline chart 3 times

each one has the ea on it with 3 different magic numbers

1st chart is for normal entries and is where most of the trading is done

however if a trade that is trend based (ie. inline with the 4hr) but the 15m HAS changes color (which indicates switch to countertrend) ie. our trade is now in loss - because the trend is inline with the main trend instead of closing leave it open

in this case, then trade countertrend only on the secondary...

John,

Based on above, you are considering three specific "modes" the EA can be in, since you have specific reasons to switch charts.

Mode 1 is chart 1. Initial trade
Mode 2 is chart two- Loss on initial, Begin CT proc.
Mode 3 is Chart three. End CT proc - Not sure what the reasons are for this mode.

On second thought, Should this not be the functionality of the TLE.
Just athought.

Cheers

Pat
  • #295
  • Sep 16, 2011 7:25am Sep 16, 2011 7:25am
now that's not very helpful

you could have saved me hours yesterday of trying to work out the logistics if you had mentioned it...

hours i could have been upgrading the bot, or better yet upgrading the HAS so that it gives a true reflection of the HAS on the other timeframe

shame on you!!

Quoting dragosd1
Hehe, I'm doing that since last week, just forgot to mention...
But I'm using the EA on M1,M15 and H1, so I have also the visuals of the TTF...
  • #296
  • Sep 16, 2011 7:30am Sep 16, 2011 7:30am
Quoting jmw1970
now that's not very helpful

you could have saved me hours yesterday of trying to work out the logistics if you had mentioned it...

hours i could have been upgrading the bot, or better yet upgrading the HAS so that it gives a true reflection of the HAS on the other timeframe

shame on you!!
Sorry, but I think I have mentioned on the earlier posts....seems I don't...
But you can see that in the charts attached there, hehehehe!
I don't say
  • #297
  • Sep 16, 2011 7:40am Sep 16, 2011 7:40am
for Mike's TLE

you can either have market read set

or you can have it set to false, when market read is false (so n/a shows) Mike's TLE automatically assumes range

Personally though I would have market read set on

then depending on the market switch between long/short/range etc.

an EA cannot know what is going on in the world, it runs purely off data it sees

that's why fully automatic EA's are generally not profitable, they need a little manual help here & there

regards, john

Quoting dragosd1
Trying to get a run on Mike's TLE.. Good job, Mike, thank you!

I have read the instructions, but seems I'm a bit confused...so I'm gonna ask:
In order to have the TLE on auto trading, we should select Market Read to false in EA options? Or have it true and we manually select Range mode to allow it to place buy and sell on it's own?

Thank you
  • #298
  • Sep 16, 2011 7:48am Sep 16, 2011 7:48am
I thing there has been some misunderstanding

this has nothing to with the TLE, in fact this is just as applicable in manual trading

it cannot be part of the EA either automatically as everyone has different risk appetites, and also not everyone wishes to run recovery, or have there own method of doing so (I use the principles laid out by Nanningbob but others exist as well)

Chart 1 - is my main trading chart, I trade the bounces of the HAS

if i entered a trade that was CT and the HAS changes color - i close the trade for the loss

if i entered a trade that was trend and HAS changes color - i leave the trade open and switch to the second chart

Chart 2 - when using this chart i already have a trend trade open, in loss, so on this chart i only trade the HAS bounces that are countertrend, ie. price action moving towards the 4hr HAS (in my case), as I already have a trend trade open I do not trade HAS bounces that are Trend

Chart 3 - this is for when my original losing trade has reached a loss where I think that it is big enough to perform recovery. Recovery can be done in the direction of the original trade, or in the opposite direction

In recovery mode I am basically only trying to close out the first original trade at breakeven or a very small loss (perhaps the spread total), I am not trying to make a profit (although some people do use recovery to make a profit on the trades)

Regards, John

Quoting Pat1
John,

Based on above, you are considering three specific "modes" the EA can be in, since you have specific reasons to switch charts.

Mode 1 is chart 1. Initial trade
Mode 2 is chart two- Loss on initial, Begin CT proc.
Mode 3 is Chart three. End CT proc - Not sure what the reasons are for this mode.

On second thought, Should this not be the functionality of the TLE.
Just athought.

Cheers

Pat
  • #299
  • Sep 16, 2011 7:56am Sep 16, 2011 7:56am
IMPORTANT - When opening the same offline chart more than once!!

If you open the same offline chart more than once the ticks will only be sent to the first chart that you opened.

To get the 2nd (and 3rd,4th etc.) instance of the chart to be correctly updated you will manually need to send the ticks to the chart

This can be done by attaching the following script to the subsequent offline charts.

(Script courtesy of ZZNBRM)

Regards, John
Attached File(s)
File Type: mq4 SendFakeTicks.mq4   < 1 KB | 363 downloads
  • #300
  • Sep 16, 2011 7:59am Sep 16, 2011 7:59am
so my loss trade that should have been about an 18 USD loss, if following the original rules turned out to be only 2 USD loss (saving me 16 USD)

and i didn't even have to bother running recovery... (Of course if I had run recovery of the 4hr HAS bounce like I mentioned in an earlier post I was thinking about, this would have been probably a win)
Attached Image (click to enlarge)
Click to Enlarge Name: BSKT08-2011.09.16-14.57-1m.gif Size: 33 KB
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