T101 Basket Trader with ONE of Nanningbob's Balls | Page 21 | 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

  • #401
  • Sep 22, 2011 1:45pm Sep 22, 2011 1:45pm
John
MY "!TLE w HAMA". I created it BUT It won't trade as a !TLE. I have it trading as a iCustom indicator within Basket Trader V2. HAMA is MY Heiken ashi. Sorry for the confusion. Just didn't want to publicize a non-!TLE, EA without your OK.



Quoting jmw1970
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
  • #402
  • Sep 22, 2011 2:26pm Sep 22, 2011 2:26pm
then post your tle and i will have a look to see if i can see what is wrong

Quoting Traderduke
John
MY "!TLE w HAMA". I created it BUT It won't trade as a !TLE. I have it trading as a iCustom indicator within Basket Trader V2. HAMA is MY Heiken ashi. Sorry for the confusion. Just didn't want to publicize a non-!TLE, EA without your OK.
  • #403
  • Sep 22, 2011 2:57pm Sep 22, 2011 2:57pm
Quoting zznbrm
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
Thank you for sharing zznbrm.

Much appreciated.

Regards
  • #404
  • Sep 22, 2011 3:09pm Sep 22, 2011 3:09pm
John,
Here are the files.
1. The Basket trader hama trades and works well on regular off line chart and MTF. although I don't understand, EA wise, how a 15m chart works any better with a MTF 60m indicator rather then a 60m chart with a 60m indicator. The 15m has a delay of 4 segments??
2. The !TLE worked some times but not correctly. I wasn't sure how to set up the Market conditions piece.
3. HAMA indicator is a more efficient Heiken ashi.

Any questions let me know. I had hoped to contribute to this blog but so far I've been more trouble then help.

Thanks for your unrelenting assistance.






Quoting jmw1970
then post your tle and i will have a look to see if i can see what is wrong
Attached File(s)
File Type: mq4 !TLE_HAMA_T3_immed.mq4   9 KB | 386 downloads
File Type: mq4 RK-ml-HAMA T3 new - mtf & alert.mq4   14 KB | 365 downloads
File Type: mq4 RK-T101 Basket Trader v2-HAMA.mq4   84 KB | 362 downloads
  • #405
  • Edited 6:59pm Sep 22, 2011 6:34pm | Edited 6:59pm
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..

Cheers...
I tried to demo your offline indicator swithching from the other older version of T101 Indi. While the !TLE_Example_Pending is giving dotted line on the Chart on the T101 Indi, which is running perfectly well, when dropped on offline chart coming from Baskets versions, the dotted line is not present. There is not even an indication if the pending orders is present or not when buy stop/limit is dragged.

Kindly advise what is wrong.

Edit: The indi is working perfecty well. The difference is only on the visual appearance that allow you to move the pending order close or away against or with the price to position your entry. If it is possible to retain this feature on the new indi, would be awesome.

Thank you.
Edd
  • #406
  • Sep 22, 2011 9:59pm Sep 22, 2011 9:59pm
Heres something worth considering when finalising offline method and deciding on timeframes.
Stumbled on it when browsing for info on the indicators favoured by Magft.
Check out the attached chart.
It is 15Min on Sept 06, the day of SNB intervention. Notice how PWr signalled at least 4 bars early. Apparently the 4 Hr totally missed it.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 17 KB
  • #407
  • Sep 23, 2011 3:52am Sep 23, 2011 3:52am
EaglePip,

No indicator can predict that 1000 pips move.
Thr trend was already up, if you take a look at CCi and PWR a few bars before...so, just happened to be on the same direction
I don't say
  • #408
  • Sep 23, 2011 5:09am Sep 23, 2011 5:09am
Quoting jmw1970
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

[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);...
Ed

If you just switched to BASKET indi, your T101Trader EA will nee some mods.

See the above changes John recommends (post 282 URL below) and see if it works.
http://www.forexfactory.com/showthre...31#post4960831


Cheers

Pat
  • #409
  • Sep 23, 2011 6:02am Sep 23, 2011 6:02am
Quoting Pat1
Ed

If you just switched to BASKET indi, your T101Trader EA will nee some mods.

See the above changes John recommends (post 282 URL below) and see if it works.
http://www.forexfactory.com/showthre...31#post4960831


Cheers

Pat
The indi is working perfectly well in my side. It is working too on the TLE example pending without the visual appearance and the dotted line, just for your information

Thank you,

Ed
  • #410
  • Sep 23, 2011 7:07am Sep 23, 2011 7:07am
Quoting zznbrm
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...
ZZNBRM,

Thank you for sharing. We'll open a demo for this one.

Regards,

Edd
  • #411
  • Sep 23, 2011 7:51am Sep 23, 2011 7:51am
Quoting dragosd1
EaglePip,

No indicator can predict that 1000 pips move.
Thr trend was already up, if you take a look at CCi and PWR a few bars before...so, just happened to be on the same direction
Hi dragosd1,
if you look at the 4H chart, you will see that PwR was actually in DT and only changed on the big long bar. Think about which chart would give the better trade entry.
  • #412
  • Sep 23, 2011 8:56am Sep 23, 2011 8:56am
Hi jmw1970 . You can make the next version of EA opportunity to buy and sell currency pairs separately?
  • #413
  • Sep 23, 2011 12:19pm Sep 23, 2011 12:19pm
Quoting krendel38
Hi jmw1970 . You can make the next version of EA opportunity to buy and sell currency pairs separately?
Why??

And you can already do that, if you change the indi....(Mt4 editor...)
I don't say
  • #414
  • Sep 23, 2011 7:48pm Sep 23, 2011 7:48pm
ZZNBRM,

Hope you can help on the following regarding the offline basket you posted.


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.

I am lost how to sum-up for each candles of each of the 8 pairs (offline)


BasketScriptLive4.ex4 -I save this script in my script folder and created an offline chart on M1, M15 and H1. Bid and Ask line not appearing. Needs tweaking of John's Indicator, EA/ script in order to run on them

QuickTestScript.mq4 - Another script file that contains the logic for calculating the basket dollar value. This script cannot be moved - doubled click nothing happened.


BasketAskLine.mq4 - An indicator to show the Ask line on the offline basket chart (using dollar value). Need more info on how to use this indicator.


Regards,

Edd
  • #415
  • Sep 24, 2011 2:37pm Sep 24, 2011 2:37pm
Trader Duke

Any reason you have in your Has indi MaPeriod set to 4 unlike the original Has setting of 6

Also not sure how to track it but how does the CPU usage compare to the original Has or the HasMTF OC and yours

Will be playing with it this week




Quoting Traderduke
John,
Here are the files.
1. The Basket trader hama trades and works well on regular off line chart and MTF. although I don't understand, EA wise, how a 15m chart works any better with a MTF 60m indicator rather then a 60m chart with a 60m indicator. The 15m has a delay of 4 segments??
2. The !TLE worked some times but not correctly. I wasn't sure how to set up the Market conditions piece.
3. HAMA indicator is a more efficient Heiken ashi.

Any questions let me know. I had hoped to contribute to this blog but so far I've been more trouble then...
  • #416
  • Sep 25, 2011 7:52am Sep 25, 2011 7:52am
Quoting dragosd1
Why??

And you can already do that, if you change the indi....(Mt4 editor...)
Yep, you are right that can be done to work on single pair on basket 1 by changing the symbol to whichever you want. Probably what he meant is to have an independent EA with all it's basket character remove to trade pairs.

I have been a fan of the 14 basket pairs up to now, but like DC I found the pairs very hard to manage. And that is the same true with the 8 basket. I suspect the criminals / brokers are finding means to counter our trades. Steve Hopewoods in his thread (http://www.forexfactory.com/showthre...=313656&page=8) mentioned that EA using magic numbers can easily be traced by the criminals and that they can do things for us not to be successful.

While trading the basket for sometime make me fulfilling, it has little edge over a single pair like EURUSD. For example if my total lot for the whole 8 pairs (basket) is 0.10 in a trade, I use the same lot in a single EURUSD trade. That accomplish the same thing. Now I can focus my attention on a single pair. I am beginning to like John's creation using a single pair basket. Would appreciate however, if someone out there who is generous enough to have a separate EA detach from its basket character would be highly appreciated.

Kind regards,

Ed
  • #417
  • Sep 25, 2011 8:17am Sep 25, 2011 8:17am
I would think if you changed the input in the bot
PairsInBasket = 8; to 1

go and edit the ea code

look for this.....
..............................................................................
switch (PairsInBasket)
{
case 1: TradePair[0] = "GBPJPY" + PairSuffix;
.............................................................................

change it to the one pair you want
now if the ea will work on the GJ chart only, I have not tried it
if not you would need to edit the HAS code for 1 pair too

a poor programmers work around LOL


Quoting Edd Ganuelas
Yep, you are right that can be done to work on single pair on basket 1 by changing the symbol to whichever you want. Probably what he meant is to have an independent EA with all it's basket character remove to trade pairs.

I have been a fan of the 14 basket pairs up to now, but like DC I found the pairs very hard to manage. And that is the same true with the 8 basket. I suspect the criminals / brokers are finding means to counter our trades. Steve Hopewoods in his thread (http://www.forexfactory.com/showthre...=313656&page=8)...
  • #418
  • Sep 25, 2011 11:56am Sep 25, 2011 11:56am
Quoting Edd Ganuelas
I am lost how to sum-up for each candles of each of the 8 pairs (offline)
This is the calculation used by everyone on this thread to create basket charts. See the basket chart indicator posted multiple times on this thread.

Quote
BasketScriptLive4.ex4 -I save this script in my script folder and created an offline chart on M1, M15 and H1. Bid and Ask line not appearing. Needs tweaking of John's Indicator, EA/ script in order to run on them

This script uses the current tick data from your broker. If you are not receiving live ticks (ie, broker is closed), then you will not see any activity.

Ask line would only be display when the BasketAskLine indicator is applied to the offline chart.

Quote
QuickTestScript.mq4 - This script cannot be moved - doubled click nothing happened.

This was posted to show the calculations for the basket charts using basket total value. You probably don't need to mess with this.

Quote
BasketAskLine.mq4 - Need more info on how to use this indicator.

Add to offline chart generated by BasketScriptLive4.

Pat1 and jmw1970 know what they are doing. It would probably be best for you to continue using the existing tools until they tell you otherwise.

Quoting Edd Ganuelas
I suspect the criminals / brokers are finding means to counter our trades. Steve Hopewoods in his thread mentioned that EA using magic numbers can easily be traced by the criminals and that they can do things for us not to be successful.
Although I have personally never seen evidence that a broker has incorporated mechanisms to minimize the profits of sucessful MT4 EAs, it would be a little naive to think it is not done by some of the less honorable brokers.

For me, I feel very confident that my broker does not engage in these practices. And I have yet to see evidence to alter this confidence.

Calling them all "criminals" is really a slap-in-the-face to the honest brokers out there - and yes, there are honest brokers. Why people continue to trade with dishonest brokers is beyond me? But, to each their own.

Quote
While trading the basket for sometime make me fulfilling, it has little edge over a single pair like EURUSD.

For example if my total lot for the whole 8 pairs (basket) is 0.10 in a trade, I use the same lot in a single EURUSD trade. That accomplish the same thing. Now I can focus my attention on a single pair.

I agree 100% with this.

I have done lots of testing over the years of basket trading. In particular, comparing the results of strategies traded against a basket of symbols (like in this thread) and traded against 1 pair. I came to similar conclusions - there is little edge trading basket over trading single pair. In fact, I still think trading single pair has the edge.

There are multiple ways to make money trading forex. I'm sure trading baskets like this can be very profitable. However, there are complexities with basket trading that simply do not make it worth the risk. Especially with automated trading.
  • #419
  • Edited 5:33pm Sep 25, 2011 3:57pm | Edited 5:33pm
Quoting dryclean
I would think if you changed the input in the bot
PairsInBasket = 8; to 1

go and edit the ea code

look for this.....
..............................................................................
switch (PairsInBasket)
{
case 1: TradePair[0] = "GBPJPY" + PairSuffix;
.............................................................................

change it to the one pair you want
now if the ea will work on the GJ chart only, I have not tried it
if not you would need to edit the HAS code for 1 pair too

a poor programmers work around LOL
DC,

That is what I was doing, but ignored the HAS. Glad you mentioned it.

Edd

Edit: DC - The Has indicator is a multi pair, multi TF, and cannot be applied to a single pair.
  • #420
  • Sep 25, 2011 4:36pm Sep 25, 2011 4:36pm
Quoting zznbrm
This is the calculation used by everyone on this thread to create basket charts. See the basket chart indicator posted multiple times on this thread.



This script uses the current tick data from your broker. If you are not receiving live ticks (ie, broker is closed), then you will not see any activity.

Ask line would only be display when the BasketAskLine indicator is applied to the offline chart.



This was posted to show the calculations for the basket charts using basket total value. You probably don't need to mess with this....
Thank you. Good for you, you got a nice broker. One experienced that I can cofirmed, maybe not all brokers. I was closing a trade because I suspect that price is going against me. It was about 4 in the afternoon NY/Toronto time, not much activity I guessed. Following my closing, a button appeared confirming whether I am sure to close it or not but can't click any button. Meanwhile price had fallen like a sharp knife. That trade was a lost. In another instance, my pending order was activated and another confirmation/alert appeared stating that my order is being filled by the broker meanwhile, price action was already gone far from the price level I wanted to be filled up. And, have you experienced that when a PA is trending up, put a market order just infront of it, suddenly price just stop moving in that direction and turned 180 degrees. That make you crazy. What is your broker? I was with smartfx right now, after IBfX australia. I closed my account with them when they banned trading 5 minutes after asian session begins, while the latter is toroto base which was affiliated with a swiss bank I guessed. Iam planning to open another account with O and A.

Regards,

Ed

Edit: And by the way, you mentioned about Renko, would it be possible to share it with us? Thank you for sharing in advance, if not I will still thank you anyway.
0 traders viewing now