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T101 Basket Trader with ONE of Nanningbob's Balls

  • #381
  • Sep 21, 2011 5:39am Sep 21, 2011 5:39am
so if I understand you correctly you are looking for the following

an additional section (similar to the SL and Hedge in terms of parameters) - which is "Breakeven Recovery"

this section would have a dollar amount of loss (which must be less than the SL or Hedge amount). It would also have a recovery value

Therefore when the basket losses exceed this amount, it would effectively set the TP to the recovery amount

so your examples would be -10 & 5, as soon as losses get to 10 usd set the tp to exit as soon as the price gets back to 5usd instead of the normal tp of xx usd

That's possible, I am not sure though about opening a basket immediately the other way - that might get very messy

You should wait though - as the new EA that is coming to work in conjunction with the basket trader is designed specifically to control the "recovery" of trades

regards, john

Quoting EaglePip
Since 6 pair basket was stuck in a range for around 80 bars today, thought it might be an opportunity to test Buy&Sell Limit and Stop Orders.
Unfortunately, only placed them towards the end of range period and Buy Limit was hit and went into instant drawdown, then a brief retrace.
My question to the More experienced traders/coders:
Would it be possible for TLE or the robot to track drawdown? If this exceeded a small preset amount, the robot would close the basket on retrace of half the amount.
eg.Drawdown -$10 followed by retrace. Exit trade at...
  • #382
  • Sep 21, 2011 6:35am Sep 21, 2011 6:35am
Quoting jmw1970
so if I understand you correctly ....
an additional section....

.when the basket losses exceed this amount, it would effectively set the TP to the recovery amount

so your examples would be -10 & 5, as soon as losses get to 10 usd set the tp to exit as soon as the price gets back to 5usd instead of the normal tp of xx usd


regards, john
Yes, John. That is correct, probably an additional section, to exit immediately a trade starts to go bad, as it quite often retraces in the vicinity of the entry. So instead of a loss, we exit with a tiny profit and are ready to reenter in the right direction.
Of course, if the retrace does not happen, the normal SL would apply.
Suggestion only arose seeing, the robot was already tracking basket profit/loss. It would be an automatic exit, not subject to emotion.
  • #383
  • Sep 21, 2011 8:59am Sep 21, 2011 8:59am
Just a update on my TMA, NLMBB and PwR system running on M15 chart, but using M5 and H1 charts for reference, for the 8 pair basket.

Currently up 2300 pips in the last week, made a couple of mistakes and had to put in recovery baskets to help out when market turns. The beauty of this system is it likes to retrace to the mean so trading from outer lines works a treat, occasionally they go other way but the basket always returns. I did have the hedge setting wrong yesterday so it hedged the basket just before a retrace which was a pain and reduced the overall basket profit, hey ho still doing really well. I am seriously thinking about using this on a live micro account soon

In terms of TLE i am testing out on a separate demo account, and will post an update once i can get it to trade properly.

I have set up a myfxbook account link below.
http://www.myfxbook.com/members/mag_...ader-v2/166993
  • #384
  • Sep 21, 2011 9:17am Sep 21, 2011 9:17am
Very impressive....can share you trading methodology....
The input logic and money management.

Quoting magft
I have set up a myfxbook account link below.
http://www.myfxbook.com/members/mag_...ader-v2/166993
  • #385
  • Sep 21, 2011 9:42am Sep 21, 2011 9:42am
Quoting fxforex
Very impressive....can share you trading methodology....
The input logic and money management.
I have been trying to work out the logic to build a TLE, i have posted one earlier but it doesnt trade! I use NLMBB, PwR and TMA Centered Mari Mod indicators on M15 chart, all posted earlier.

I look at the H1 chart for longer trend and M5 chart for current short term direction, though recently i keep getting my entry wrong increasing DD.

The TMA gives a good idea of the direction and the PA seems to bounce between the outer bands with occasional retraces. I have recently added the HAs mtf to help in entry and you can see the retraces easier.

I am using the indicator by Pat1 to generate the history for the 8 pair basket.

Attached pic shows my current recent trades, i have posted the previous trades before using old history generator.

As for MM i use 0.01 and increase for recovery trades, i did try 0.02 but DD increased too much. I have TS set to $35 at 75% and i lock in value of $30.

I hope this helps, been messing about for a week but this seems very good and 2300 pips in a week is pretty impressive

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: t101 btv2 tle m15_4.gif Size: 41 KB
Attached File(s)
File Type: tpl t101 basket.tpl   2 KB | 321 downloads
  • #386
  • Sep 21, 2011 10:20am Sep 21, 2011 10:20am
i would say it's pretty impressive, especially as you admit to making several mistaken trades that affected profitability

i just checked your myFXBook, if you can keep absolute drawdown to less than 10% (you are currently at 7.7%) then this would appear to very stable (even 10% drawdown using correct lot sizes should not cause any worry to the account)

can you explain what is wrong with your TLE, or is it just that the logic is not quite right for trading

regards, John

Quoting magft

I hope this helps, been messing about for a week but this seems very good and 2300 pips in a week is pretty impressive

Mike
  • #387
  • Edited 11:06am Sep 21, 2011 10:46am | Edited 11:06am
Magft,

The Sell that you took on your previous pic when the pa was at the center line of TMA and pwr went negative for a few bars could have been prevented,

Attached is a modified pwr with two ma.

For 5 minutes I suggest you try 12 and 48 (1 hour and 4 hours)
and 288 for Bull and Bear ( Daily)
for hourly try 4,24 and 120(Weekly).

The Histo will plot red/blue based on the diff betwen these two mas.

so even if pwr is negative, and the histo is blue, either wait for it to turn red or .... so on an so forth.

Hope it helps..

Cheers

Pat
Attached File(s)
File Type: ex4 PwRv1.ex4   3 KB | 361 downloads
  • #388
  • Sep 21, 2011 3:47pm Sep 21, 2011 3:47pm
Quoting jmw1970
i would say it's pretty impressive, especially as you admit to making several mistaken trades that affected profitability

i just checked your myFXBook, if you can keep absolute drawdown to less than 10% (you are currently at 7.7%) then this would appear to very stable (even 10% drawdown using correct lot sizes should not cause any worry to the account)

can you explain what is wrong with your TLE, or is it just that the logic is not quite right for trading

regards, John
I havent quite got the logic right, i need to get the criteria nailled down and once that is clear it should be easy to code.

I put on a retrace trade this evening as the basket had dropped from upper to lower looked good. Came back and it went other way and i had left hedging off! So currently $-180 which is a shame but that will teach me to try and predict the market It will come back but i'm off to bed in a mo so hopefully when i get up things will have calmed down.

Mike
  • #389
  • Sep 21, 2011 3:49pm Sep 21, 2011 3:49pm
Quoting Pat1
Magft,

The Sell that you took on your previous pic when the pa was at the center line of TMA and pwr went negative for a few bars could have been prevented,

Attached is a modified pwr with two ma.

For 5 minutes I suggest you try 12 and 48 (1 hour and 4 hours)
and 288 for Bull and Bear ( Daily)
for hourly try 4,24 and 120(Weekly).

The Histo will plot red/blue based on the diff betwen these two mas.

so even if pwr is negative, and the histo is blue, either wait for it to turn red or .... so on an so forth.

Hope it helps.....
Thanks for the update i'll give it a try tomorrow. I really need to get my rules defined and stick to them!
  • #390
  • Sep 21, 2011 7:39pm Sep 21, 2011 7:39pm
Wow!

What a crazy week UP UP UP UP DOWN DOWN DOWN DOWN

Something to think about maybe close all trades on Fri
I had a buy open from Fri and was about -$7.00 At the open on Sunday night the gap caught me and I have been trying to work out of it all week..

If you can close all positions Fri ..... This is always good advice

Been using the new indis to save memory and CPU power hard to say if it is better or not but I have notice on the HAS _OC indi I have to do a CTRL -I and close the get the indi to show.....could be the broker could be the VPS but is is exactly the same as the original HAS

Been experimenting with the new bot 14 pairs 8 pairs 4 pairs
placing limits /stops I love the bot very versatile

Thanks John for such a great bot and all the hard work and putting up with duffters like me
  • #391
  • Sep 21, 2011 9:01pm Sep 21, 2011 9:01pm
Just a suggestion...

Instead of creating the offline basket charts using the sum of all symbol prices, it might be more meaningful to use the basket "value" in dollars.

In this way the basket chart value actually represents something useful.

For example, the attached chart is the same 8-symbol basket some of you are using, but the values plotted represent the basket value in dollars (think of the IA of the original T101 method). If you use the basket total value for your data, you get meaningful information to use when trading:

- true representation of the basket value
- the difference between the Bid and Ask lines instantly gives you the live transaction cost associated with the basket - you can more clearly visualize the basket values of your entries and exits
- the candles represent the change in the basket value (in dollars). This gives you an actual basket pip value. (In this example, one pip is worth $0.01) If a candle opens at 40050.00 and closes at 40100.00, then you know the basket value went up $50.00. If you were in a long trade at the time, your profit would have gone up $50. Conversely, if you were in a short trade at the time, your profit would have gone down $50.
- enables more meaningful visual backtesting

Just something I though you might want to explore.
Attached Image (click to enlarge)
Click to Enlarge Name: t104-8-m1.jpg Size: 70 KB
  • #392
  • Sep 21, 2011 9:12pm Sep 21, 2011 9:12pm
zznbrm,

VERY Interesting thought. How are you able to do that?
Do you still have to run an offline chart then?

Bruce
  • #393
  • Sep 21, 2011 9:38pm Sep 21, 2011 9:38pm
Excellent take on it ZZBRM. Your explanation and the chart itself makes a lot of sense. Did you knock this indicator up already? If you did, would it be possible to share it here?
  • #394
  • Sep 22, 2011 2:06am Sep 22, 2011 2:06am
Thanks ZZnbrm,

You point out some important idea to more accurate basket value calculation. I know a basket trader who already use this idea long time ago, and his showed good result.

Keep it up.

Quoting zznbrm
If you use the basket total value for your data, you get meaningful information to use when trading:

- true representation of the basket value
- the difference between the Bid and Ask lines instantly gives you the live transaction cost associated with the basket - you can more clearly visualize the basket values of your entries and exits
- the candles represent the change in the basket value (in dollars). This gives you an actual basket pip value. (In this example, one pip is worth $0.01) If a candle opens at 40050.00 and closes at 40100.00,...
  • #395
  • Sep 22, 2011 2:27am Sep 22, 2011 2:27am
This makes a lot of sense, it gives much better visual control and seems also logical...nice one, man!
I kinda feel lost sometimes, looking at actual offchart basket...now you got a clear value, so you can know where you actually start the basket and where you go...

Quoting zznbrm
Just a suggestion...

Instead of creating the offline basket charts using the sum of all symbol prices, it might be more meaningful to use the basket "value" in dollars.

In this way the basket chart value actually represents something useful.

For example, the attached chart is the same 8-symbol basket some of you are using, but the values plotted represent the basket value in dollars (think of the IA of the original T101 method). If you use the basket total value for your data, you get meaningful information to use when trading:

- true...
I don't say
  • #396
  • Sep 22, 2011 4:12am Sep 22, 2011 4:12am
Hi zznbrm

Thanks for another great suggestion

Every time you post here, you come up with something new to make basket trading a little bit easier.

Could I ask one small favor..

please stop by & post your insights more often, you never know, we might actually with your help get a T101 robot that works well

Regards and thanks, John

Quoting zznbrm
Just a suggestion...

Instead of creating the offline basket charts using the sum of all symbol prices, it might be more meaningful to use the basket "value" in dollars.

In this way the basket chart value actually represents something useful.

For example, the attached chart is the same 8-symbol basket some of you are using, but the values plotted represent the basket value in dollars (think of the IA of the original T101 method). If you use the basket total value for your data, you get meaningful information to use when trading:

- true...
  • #397
  • Sep 22, 2011 10:01am Sep 22, 2011 10:01am
Put on 4 HR offline chart 8 pair

I went back 2000 bars which brought me to 06-14-2010

The lines are subjective but have helped me to find S/R

Only problem is the last time PA was this low was NEVER on the 2000 bar chart

That's as far as I can go back. Could charge bars back in the tools\option\chart
but I am already running like a snail

Any one that wants to change these lines Have at it I am not saying mine are correct it is subjective but they do help

I will cut and paste a few of the lines and put them on my 1 min and 15 min chart to help CT trading
Attached File(s)
File Type: zip kos sr.zip   < 1 KB | 323 downloads
  • #398
  • Sep 22, 2011 12:02pm Sep 22, 2011 12:02pm
John,
I can't seem to get the !TLE with HAMA working correctly. I was able to get the "Basket trader v2 HAMA" to work the old way without the !TLE. I would post it but I'm not sure you would like me posting something that's working the old way and not the !TLE way. Let me know if you want me to post it.
  • #399
  • Sep 22, 2011 12:49pm Sep 22, 2011 12:49pm
Ok guys. I hesitate to post my offline basket generator. I hesitate because I do things a little different from everyone else. You see, since I started trading live about 1.5 years ago with offline charts (I use Range Bars), I have found it to be more efficient and accurate to only use live data to create the offline charts. There are multiple reasons for this that are outside the scope of this thread.

You are using an indicator to create the basket charts. You sum the candles for each of the basket symbols and use that sum for the OHLC for the basket candles.

For basket charts, I created a script that runs every 0.5 seconds (configurable). It uses the current Bid for each of the basket symbols (and a simple forumula to calculate the basket value) to create the offline chart candles on the fly. You see...there is no history when the script is first started. It does not use individual symbol candles to construct the basket candles...so, the basket history is built as you go. Like I said, this is different from everyone else and most people do not prefer this method.

Having said that...I will attach three files to this post:

BasketScriptLive4.ex4
--------------------------------
This is a script that uses my method to create 3 offline charts (M1, M15, H1) for the 8-pair basket. There are other options for timeframes and/or chart types that you can play around with if you wish.

Save to your Experts/scripts folder and attach to any chart.

The basket symbols are hard-coded and there is no support for symbol suffixes.

Again, I am posting this so you can see a different method for creating the offline basket charts. I completely understand that many of you will not like this method. That is completely fine.

The source code has not been provided because it contains source code libraries that cannot be shared.

QuickTestScript.mq4
--------------------------------
Another script file that contains the logic for calculating the basket dollar value.

BasketAskLine.mq4
------------------
An indicator to show the Ask line on the offline basket chart (using dollar value).


Now...if you are so inclined...this should give you enough information (see the code in QuickTestScript) to update your basket generator indicator to plot the basket dollar value instead of the sum of the individual symbols. Just remember...for historical data to be accurate, you will need to calculate the TickValue manually for past data.
Attached File(s)
File Type: mq4 BasketAskLine.mq4   2 KB | 343 downloads
File Type: ex4 BasketScriptLive4.ex4   45 KB | 376 downloads
File Type: mq4 QuickTestScript.mq4   2 KB | 326 downloads
  • #400
  • Sep 22, 2011 1:17pm Sep 22, 2011 1:17pm
Hi Traderduke

which TLE with HAMA?

I haven't created one, so am not sure where you got one with HAMA from (or is it Magft's - which he has stated is not working correctly)

Please advise

John

Quoting Traderduke
John,
I can't seem to get the !TLE with HAMA working correctly. I was able to get the "Basket trader v2 HAMA" to work the old way without the !TLE. I would post it but I'm not sure you would like me posting something that's working the old way and not the !TLE way. Let me know if you want me to post it.
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