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T101 Basket Trader with ONE of Nanningbob's Balls

  • #321
  • Sep 17, 2011 9:57am Sep 17, 2011 9:57am
Hi George

I am sure it can - MT4 can handle a wide variety of coding problems, my point was and is

your initial statement was

"why can't a TLE be made out of this"

It probably can be, as long as it can be fully specified

generalizations such as 2 tf's going the same way, bottom/top of the market, other people have code that does this etc. etc., need to be quantified,

Unless someone is willing to come up with a full specification of how it should work, then it is very unlikely that someone will code a tle

Regards, John

Quoting Gvc
,

Disbelj (Don) and ZZNBRM have code for gauging the top and bottom of a chart.

I have it too somewhere.

What you are visually looking at can be inputted in code.

As far as "Trail stopped out" is concerned that too can be hardwired.

Sorry I am not being difficult, but what you want can be coded, I believe even in mt4.

Regards
  • #322
  • Edited 10:29am Sep 17, 2011 10:18am | Edited 10:29am
Quoting jmw1970
dryclean, i am disappointed

once you have pressed the stop or limit button, it puts the line on the chart, you can then move them as you wish

this is clearly stated in the manual as well
Sorry missed that maybe I was confused from the original beta ver
the evolution of the bot is moving fast
  • #323
  • Sep 17, 2011 10:32am Sep 17, 2011 10:32am
now that would be a first someone complaining that a bot is being developed TOO quickly, normally it is the other way round



Quoting dryclean
Sorry missed that maybe I was confused from the original beta ver
the evolution of the bot is moving fast
  • #324
  • Sep 17, 2011 10:48am Sep 17, 2011 10:48am
Quoting jmw1970
now that would be a first someone complaining that a bot is being developed TOO quickly, normally it is the other way round
Not complaing at all LOL

I was away for less than 24 hours and we have

a potentially new TLE
a new off line indi
2.1 version coming out
a new Font

one constant it seems everyone using this is hitting over 80% wins


One funny point I left my bot going while I was gone (road trip to Canada to their wine country). I had a buy limit /stop pending. Got home there were no open trades I looked at the account history to see what happened. I see the last trade was a Sell.... I swear I had a buy in play.

I forgot I had the bot running auto... Not only did it play out the buy order. It took a sell on it's own for profit too while I was out sipping wine.....Nice!
  • #325
  • Sep 17, 2011 3:17pm Sep 17, 2011 3:17pm
John:

First: On the !Tle Example Pending, a user input that will place pending closer to PA. I think the 150 Pips is too wide for scalpers. Second: User input to choice a lot or percentage of your capital.

God Bless,

Edd
  • #326
  • Edited 4:11pm Sep 17, 2011 3:55pm | Edited 4:11pm
Hi Edd

as indicated by their name, the TLE's provided were only examples to show people what can be achieved with TLE's.

These TLE's are NOT intended to be used for actual trading (although the principles behind the TLE's are a valid strategy in use in the NB 10.0 range method)

The decision to use TLE's in the bot was simply because everyone has their own method of basket trading.

The ONLY way to cater for all people was to use TLE's, however to make a universal bot, then you also have to make a universal entry & return from a TLE.

It is mentioned in the separate documentation specifically on TLE's that if such things as user definable inputs are required, then there is a requirement to "think outside of the box" a little, either thru the use of Global Variables (similar to how the bot itself works) or via "set" files (a very prolific indicator creator on this forum (Hanover), uses this method a lot in his indicators)

Regarding your second point on user input choice to have a lot size or percentage of capital, I wasn't quite sure if you were referring specifically to this input's use in TLE's or within the bot in general.

However, either way - in theory this could be done as long as the user has entered a Value Stop Loss and is using Stop Loss - however there are a few potential hazards - We would have to assume that the value SL always for the FULL basket, if the user excludes some pairs, this would throw out the lot size calculations, unless we then assumed that excluded pairs are not calculated, the problem would then come if the user added an order to the basket later. As not all the pairs are exactly weighted, the true calculation would always be slightly off.

In all this seems a lot of work, and one where people will look at the figures later and not understand how the system came to them - I personally think that the work involved in manually once a week / month whatever period, re-calculating your correct lot size based on your a) account equity b) basket size c) risk appetite isn't that bigger deal.


Best Regards, John

Quoting Edd Ganuelas
John:

First: On the !Tle Example Pending, a user input that will place pending closer to PA. I think the 150 Pips is too wide for scalpers. Second: User input to choice a lot or percentage of your capital.

God Bless,

Edd
  • #327
  • Sep 17, 2011 4:23pm Sep 17, 2011 4:23pm
Both,

when i started developing the bot I did this on 14 pairs,

however after i started noticing bugs when using less pairs, I switched to using both 14 & 8

although when I actually get time to give this basket trading a proper trading testdrive (and not my current testing out new features on the bot) I am at the moment leaning towards an 8 pair basket

basically for a lot of the same reasons as yours.



Quoting dryclean
John have you been using 8 pair or 14 lately?

Like GVC I prefer the 8 pair now There seems to be no pairs to trade opposite although looking through this weeks trades either the XXX/JPY or EUR/XXX pairs were minus in my statement at times

Higher percent of wins... Faster to TP less DD if goes wrong direction. I have a lower SL because of 8 pairs. Easier to follow 8 with the basket balance which is important to me now. Just less exposure when potential recovery or hedging
A personal preference right now
  • #328
  • Edited 6:31pm Sep 17, 2011 5:05pm | Edited 6:31pm
To all,

Attached is next version of Basket indi. I am dropping the 14 from the name since it does not apply any more So from henceforth the indi will be called BASKETv##

I have suggested to John to place the current version of BASKET indi as just plain BASKET in Post1 for use with the current EA. As other version will be no doubt will be created with additoinal enhancements of differeing algorithms.

Also,V7 is in the works, however i need to verify real time before posting. Might be a tad faster than v5,v6.

You do not need to download this version if you have are using v5. John's V2 will require the use of BASKET v5,or v6 or Just Plain BASKET. I will let John decide that when he posts v2.

Has anyone tried placing multiple Basket indis on GJ1m with various combinations of NumOfPairs and Periods? Should be interesting to see how it affects CPU performance.

Anyways

Cheers

Pat

Minor Changes.
Attached File(s)
File Type: mq4 Basketv6.mq4   9 KB | 451 downloads
  • #329
  • Sep 17, 2011 5:10pm Sep 17, 2011 5:10pm
Quoting jmw1970
Hi Edd

as indicated by their name, the TLE's provided were only examples to show people what can be achieved with TLE's.

These TLE's are NOT intended to be used for actual trading (although the principles behind the TLE's are a valid strategy in use in the NB 10.0 range method)

The decision to use TLE's in the bot was simply because everyone has their own method of basket trading.

The ONLY way to cater for all people was to use TLE's, however to make a universal bot, then you also have to make a universal entry & return from a TLE.

It...
John,

Thanks for your reply. I understand what you mean. Actually I used to changed the source code to let the differential of the pending a little bit closer to PA whcih solved the problem. While the percentage would be a nice way to go when it comes to compounding.

Wish you luck on your consultancy job.

God Bless,

Edd
  • #330
  • Sep 17, 2011 5:30pm Sep 17, 2011 5:30pm
Hi Pat

can you confirm that you have tested the automatic suffix calculation.

the code you use is far more complicated than the original version and i got confused when looking at all the trimlefts

also - did you see the example code from zznbrm (sending ticks multiple versions same chart)

it would be helpful if that was in your version as standard

thanks, john

Quoting Pat1
To all,

Attached is next version of Basket indi. I am dropping the 14 from the name since it does not apply any more So from henceforth the indi will be called BASKETv##

I have suggested to John to place the current version of BASKET indi as just plain BASKET in Post1 for use with the current EA. As other version will be no doubt will be created with additoinal enhancements of differeing algorithms.

Also,V7 is in the works, however i need to verify real time before posting. Might be a tad faster than v5,v6.

You do not need to download this...
  • #331
  • Sep 17, 2011 5:35pm Sep 17, 2011 5:35pm
Hi Edd

glad you managed to code your own solution,

re. the compounding - who knows - when the bot is fully functional we can revisit this problem and see if we can find a complete solution

thanks for luck on job, not looking forward to coping with english weather

john

Quoting Edd Ganuelas
John,

Thanks for your reply. I understand what you mean. Actually I used to changed the source code to let the differential of the pending a little bit closer to PA whcih solved the problem. While the percentage would be a nice way to go when it comes to compounding.

Wish you luck on your consultancy job.

God Bless,

Edd
  • #332
  • Sep 17, 2011 6:11pm Sep 17, 2011 6:11pm
Quoting jmw1970

Are you saying the baskets are wrong, ie wrong pairs, or not in the correct order, ie. 2 in place of 3
Sorry if I poorly explained. I never know how to post to coders. I like to contribute, but I know it must be maddening to keep recieving irrelevant info that you probably don't need to know.

No, not at all, the baskets 8 and 14 are correct. I was mistaken aabout basket 4. It is basket 10 and 12. I just noticed that the basket of 10 (under case 10) and the basket of 12 (under case 12) have the CADJPY instead of the CHFJPY. May be intentional for other systems, for that matter.

Since we are only involved with the 14 and 8 pair basket I imagine it's of no consequince. But if you decided to use the 10 and 12 baskets with the BOT later, I suppose it might be an issue. (i know almost nothing of coding, and I probably shouldn't even open it).

Just to let you know, as I recall, in the original T101 when Julius was first starting, he originally included the CADJPY. I think he changed it to the CHFJPY because so many brokers at the time weren't including the CADJPY.

As far as the BSKT14 not showing up on my offline list, well, these things have a way of working themselves out at threads progress. I'm pretty good at handling the platform. A solution usually shows up, and I have learned to be patient. Possibly, I'm just having a brain fart or a 24 hour brain tumor or something.

Thanks, Shake
  • #333
  • Sep 17, 2011 6:25pm Sep 17, 2011 6:25pm
no problem,

regarding baskets 10 & 12 i just took the list from the t101 indi that i was provided, i have no idea if the basket pairs changed or something

maybe someone can point me to a place that gives the pair lists for all basket sizes - then we know we all have the same basis

john

Quoting Beshakey
Sorry if I poorly explained. I never know how to post to coders. I like to contribute, but I know it must be maddening to keep recieving irrelevant info that you probably don't need to know.

No, not at all, the baskets 8 and 14 are correct. I was mistaken aabout basket 4. It is basket 10 and 12. I just noticed that the basket of 10 (under case 10) and the basket of 12 (under case 12) have the CADJPY instead of the CHFJPY. May be intentional for other systems, for that matter.

Since we are only involved with the 14 and 8 pair basket I imagine...
  • #334
  • Sep 17, 2011 6:29pm Sep 17, 2011 6:29pm
Quoting jmw1970
Hi Pat

can you confirm that you have tested the automatic suffix calculation.

the code you use is far more complicated than the original version and i got confused when looking at all the trimlefts

also - did you see the example code from zznbrm (sending ticks multiple versions same chart)

it would be helpful if that was in your version as standard

thanks, john
Should be TrimLeftTrimRight Good Catch Basket 6 Updated.
Should not have been an issue either way.

Will try out ZZs routine with v7

Cheers

Pat

StringTrimLeft(StringTrimRight(StringSubstr(Symbol(),6,StringLen(Symbol())-6)));

Another way

StringTrimLeft(StringTrimRight(StringSubstr(Symbol(),6)));
Both of the above would give you the same ans provided we are looking for suffix and the symbols are 6 character, starting from the first character.

for example,

GBPJPYxxxxx wil result in xxxxx
qGBPJPYxxxxx wil result Yxxxxx


Pat
  • #335
  • Sep 17, 2011 8:49pm Sep 17, 2011 8:49pm
Quoting Pat1
Should be TrimLeftTrimRight Good Catch Basket 6 Updated. ...

.....
Pat


Pat
Hi Pat,
Your indicator is much appreciated. Just applied to chart, but its a bit disconcerting not knowing if its running. Would it be too much to also incorporate a screen message similar to one suggested by TraderDuke (post #311)?
Thanks.
PS I also note the TF is preset to 1. Does this mean its not necessary to also have it on a TTF chart?
  • #336
  • Edited 10:12pm Sep 17, 2011 9:59pm | Edited 10:12pm
Quoting EaglePip
Hi Pat,
Your indicator is much appreciated. Just applied to chart, but its a bit disconcerting not knowing if its running. Would it be too much to also incorporate a screen message similar to one suggested by TraderDuke (post #311)?
Thanks.
PS I also note the TF is preset to 1. Does this mean its not necessary to also have it on a TTF chart?
A couple of readers have requested for a screen message that says the indicator is running.

The reasons I removed this are two fold.

One. It takes up CPU cycles You can run say 5 indis on GJ1M. Every time there is a tick of data, the indi will have to first find an object in the chart. If it finds it it does nothing. So what purpose does it serve to check for an object every tick? Consider that you have 500 ticks in one minute. Thats 500*5=2500 checks for an object that does nothing!!!! And that too in a minute or less.

Two The original T101 indi would have placed five objects on the GJ chart at the same location Overlapped them that is. How would you know which of the five indis are running?

Finally, how often will you check if your indis are running? When you first place them on a chart, since as soon as you open the Basket chart, you will see it tickin away - Bingo - The indi is running!!!.

I read a similar question being answered by someone quite some time ago. His response was "Would you carry a horse in your car just in case the car stops running?? ". The answer really should have been, Have faith in your car, Do not use Kerosene, but petrol or gasoline, Change oil regularly, and know what the procedure is if it stops running.

Just to help you understand, I have eliminated quite a few steps from the original indi to make this one efficient without losing the essense of the indi.

Have faith in the tool. It does its job well. Focus on trading. Probably the indi will get will get better. There are a lot of bright minds here on ff.

Cheers

Pat.

PS Some one did modify this indi to show the "running" message a few messages ago RK_basket or something similar. Click on the paperclip top right and you should find it. Don't mind me. I am just having fun at your expense.. Happy trading to you.

Pat

EaglePip

Place the indi on GBPJPY 1 minute chart.
Select the number of Pairs. Select the number of bars. 1000 200 for Daily.
Select the TF
place additional indis for additional TFs.
You will notice that the dialog box will stay on your screen when you click OK. Just a tad longer than normal. That indicates that the indi is doing its job.

Open Offline charts and look for BSKT symbol. Open all of them one by one. Minimize the GJ chart and all other time frame of the BSKT charts you will not be using. If you use the HAS MTF 15minute on athe 1 or 5 minute chhart, Metatrader requires you to keep the higher timeframe chart open for it to work. This is for offline charts only.

Holler if you need additional details on setup.

Pat
  • #337
  • Sep 18, 2011 12:30am Sep 18, 2011 12:30am
Quoting Pat1
A couple of readers have requested for a screen message that says the indicator is running.

The reasons I removed this are two fold......

It takes up CPU cycles ....

Pat
Point taken. Sorry, was probably too dependant on the msg displayed by T101.
Totally agree, much rather an efficient indicator.
Lets get those pips.
  • #338
  • Sep 18, 2011 4:51am Sep 18, 2011 4:51am
Quoting jmw1970
Well as you may have guessed by the title I am busy working on version 2.1 of the bot . . . .

Therefore if you do want changes, it is best to request them early so there is a possibility they can be included in the next release.

Regards, John
For manual trading, a partial close button might be nice. For instance, basket is open at 0.10 per pair, can close 0.05 of each.

ALso a button for "close all losers" and "close all winners"

If not sensible, too much trouble, or cant be done with the EA, scripts can be found around FF that will do these things anyway.

We realize that you will not have as much time soon. Please go at your own pace and enjoy life as well.

We really do appreaciate your time and effort, John

Includes pat an all other coders too.
  • #339
  • Sep 18, 2011 5:22am Sep 18, 2011 5:22am
Hi Shake

interesting ideas, here are my initial thoughts

To have 4 different closure buttons for a basket (full close,partial close, close winners, close losers) may be a bit excessive...

I can understand the rationale for a close losers button (ie. close out the parts of the basket that are going against the basket direction), not quite sure why though you would want to close the winners in a basket and leave the losers running.

And hopefully as long as you haven't entered at a complete time of basket imbalance - the number of losers should generally be few in a winning basket, therefore to close these manually shouldn't be that much work.

Regarding the partial close, the use of partial close would directly affect how trailing and take profit works

if you had partial close you couldn't have take profit by value (or it would be very unlikely to reach the take profit by value amount as it would be trying to do that with half of the lots that it started the basket with)

For the trailing part, the trail at value would then have to be manipulated if partial close had been activated after trailing had started (remember these go by basket value, the basket value would effectively decrease by half after the partial close)

I am sure that with a bit of thinking I could come up with a workable solution, but at the moment a logical one eludes me.

Regards, John


Quoting Beshakey
For manual trading, a partial close button might be nice. For instance, basket is open at 0.10 per pair, can close 0.05 of each.

ALso a button for "close all losers" and "close all winners"

If not sensible, too much trouble, or cant be done with the EA, scripts can be found around FF that will do these things anyway.

We realize that you will not have as much time soon. Please go at your own pace and enjoy life as well.

We really do appreaciate your time and effort, John

Includes pat an all other coders too.
  • #340
  • Sep 18, 2011 5:24am Sep 18, 2011 5:24am
Quoting dryclean
John have you been using 8 pair or 14 lately?

Like GVC I prefer the 8 pair now There seems to be no pairs to trade opposite although looking through this weeks trades either the XXX/JPY or EUR/XXX pairs were minus in my statement at times

Higher percent of wins... Faster to TP less DD if goes wrong direction. I have a lower SL because of 8 pairs. Easier to follow 8 with the basket balance which is important to me now. Just less exposure when potential recovery or hedging
A personal preference right now
I think you are right. The 8 may be the way to go.

I have been using the standard 14 myself, and closing the losers early as soon as it becomes obvious they are going to stay that way. Winners still make plenty of profit to overcome the losses. I intend to start playing with the 8 basket this week.

I think the 8 basket is working better because, lately the GBP and CHF aren't following their the usual correlations used to due to the global currency crises. The CHF is a safe haven currency nowadays.

Usually, the losers I usuallly end up closing early are the EG CfG and often the CfJ.

As the global currency crises becomes resolved (assuming the EURO is still in existance), the full 14 may return to being the biggest pip producer.

Shake
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