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T101 Basket Trader with ONE of Nanningbob's Balls

  • #421
  • Sep 25, 2011 5:48pm Sep 25, 2011 5:48pm
Quoting dragosd1
EaglePip....No indicator can predict that 1000 pips move.
Actually, no indicator can predict any move at any time. If such an indicator existed then a $50 account could become millions in just a few weeks.

Food for thought...
To improve is to change. To perfect, is to change often.
  • #422
  • Sep 25, 2011 5:54pm Sep 25, 2011 5:54pm
Quoting forexhard
Actually, no indicator can predict any move at any time. If such an indicator existed then a $50 account could become millions in just a few weeks.

Food for thought...
Even more true...
I don't say
  • #423
  • Sep 26, 2011 4:17am Sep 26, 2011 4:17am
Quoting dragosd1
Even more true...
Speaking of indicators... has anyone notice how well basic technical indies seem to work with the basket and the offline charts?

I was exerimenting around Eagles MGfit and NLMBB method. Kindof liked it. I got to thinking about the NLMBB and how well it seems to follow the basket. I wondered what would happen if one simply traded on the color changes, Red/green = short/long. Exit on color change.

Usually (always), these types of systems don't work because of lagging.

This would be especially nice, since the signals would be specific. Also, would be good for exits, since I SUCK at MANAGING OPEN TRADES.

Friday, starting mid- Euro session and through to about 1100 NY time, it worked like a charm. Picked up about 800 pips on my little mini, about 6% to account balance. However, the ranging in the last half of the NY session would have eliminated most of those profits.

Really, this still doesn't prove much, because friday was big moves.

I came up with this idea, and have had excellent luck so far after 5 trades. I think, if this works over the long run, it would be easy for John or someone use with the BOT since the signals are specific and it is mostly a "red light green light" approach. It's still early, who knows, it may be doomed to failure.

The NLMBB default setting 36
NLMBB with faster setting 12
Synergy APB (average price bars) (I think these are a smoothed version)

Change colors to suit so all is visible and clear.


LONG ENTRY = All colors show long at the same time
36 NLBB green
12 NBBB light blue
2nd or 3rdSynergy Bar blue (bar should be strong bull)

The 36 NLBB is usually the last of these signals to come in.

EXIT= signal change of 12NLBB to RED.


SHORT ENTRY IS OPPOSITE:

SHOR ENTRY = All colors show short at the same time.
12 NLBB Red
2nd or 3rd Synergy Bar Red (should be strong looking bear bar)
36 NLBB = RED (will usually be the last signal to come in)

On the chart, there are 5 live trades I took soon after market open Sunday night. (The PIP count is kind of estimated, because of partial closes etc, but I think they are in the ballpark.)

Trade 1 = basic short signal, note the 12 is red, Syn Bar is Red and strongly bearish, and the 36 has just turned red. EXIT =Trade is allowed to play out until 12 NLBB has a blue color change. Stop was manually trailed about 2-3 bars back.

Trades 2& 3 = These were small losers. Notice losses were small, about 100 pips total. Exiting with loss on 12 color change kept losses small.

Trade 4 = Another entry by the rules . . . 12 is red, Syn Bar is Red and fairly strongly bearish, and the 36 has just changed. Once again, the EXIT = color change of the 12 at the bottom of the move.

NOTE: there are two other exits during the move that I didn't take where the 12 showed color change. I just felt the move had some more in it. I did parial closes on these.

Trade 5 = Entered during 3rd blue synergy, other indies signals are in place. Got out early with about 200 because I considered this a retracement, or counter trade. (little did I know it would have gotten another 400 had I stayed in).

Let me know if any input, or opinions. I'll post another example of the rules in a little while.
On the surface, it seems too easy to work. I have Attached the SYN APB and the NLBB. Sorry, I only have the SYN as an EXE file.

Thanks for reading, Shake
Attached Image (click to enlarge)
Click to Enlarge Name: nlbb cross trade examples.jpg Size: 115 KB
Attached File(s)
File Type: ex4 Synergy_APB.ex4   4 KB | 348 downloads
File Type: mq4 NLMBB.mq4   7 KB | 316 downloads
  • #424
  • Sep 26, 2011 4:36am Sep 26, 2011 4:36am
DC
MaPeriod set to 4 for quicker in and out. I've tested this on several TFs and found this to be the best.

Running 5 Basket charts w 8pair, both Ha's with MTF set at 0 for TF, I found the HAMA never went above 25% CPU and Heiken_Ashi Smooth never went above 35%, of course that depends on YOUR PC set up.


Quoting dryclean
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
  • #425
  • Sep 26, 2011 5:22am Sep 26, 2011 5:22am
Another Quick example. I cherry picked this from a live trade I made Friday. Remember, I was only trading on the NLBB 36 color change friday, but the other signals in hindsight, happen to be there.

Part of my idea is to accept smaller losses and breakevens if you should be caught in a range, or whip. An exit on the 12 color change could make these losses tolerable.

I have been opening 2 baskets. One, say 0.03 lot on one chart and the other 0.02 lot on different chart with different Magic #. As trade runs out, I close whichever one I want, and move the other's stop to breakeven.

I am 3 big wins and 2 Small losses with this technique so far.

Shake
Attached Image (click to enlarge)
Click to Enlarge Name: good example trade rules 1.jpg Size: 105 KB
  • #426
  • Sep 26, 2011 5:25am Sep 26, 2011 5:25am
I have follow this guy who trade this system quite long time ago.

He used the simple method to trade and look good on his chart.

http://s1.proxy04.twitpic.com/photos.../407752223.png

Just share what i found from the website.
  • #427
  • Sep 26, 2011 5:30am Sep 26, 2011 5:30am
Here's the RUB
Attached Image (click to enlarge)
Click to Enlarge Name: trade range.jpg Size: 106 KB
  • #428
  • Sep 26, 2011 5:18pm Sep 26, 2011 5:18pm
Quoting Beshakey
Speaking of indicators...
.. the NLMBB and how well it seems to follow the basket. I wondered what would happen if one simply traded on the color changes, Red/green = short/long. Exit on color change.

Shake
Hi Shake,
Great to see that NLmBB has resulted in profitable manual trades for you.
For a while it did look like the colour change on the NLMBB would be ideal to trade the basket.
However, the fact that it is lagging and whipsaws occasionally is a problem.
To me it appears that the TMA would be a better alternative as price does seem to bounce off the bands. It does not have the Bollinger Band drawback where price tends to hug the band for extended periods.
Maybe a reversal zone could be applied using 3.0 and 2.5 ATr lines.
My preference would be to use the 96SMMA(Open)/320LWMMA as a HAS 4Hr to determine trend direction and the TMA centre line and bands to identify reversals.
Hope this helps,
EP
Attached Image (click to enlarge)
Click to Enlarge Name: tma1.gif Size: 64 KB
  • #429
  • Sep 26, 2011 7:28pm Sep 26, 2011 7:28pm
Quoting EaglePip
Hi Shake,
Great to see that NLmBB has resulted in profitable manual trades for you.
For a while it did look like the colour change on the NLMBB would be ideal to trade the basket.
However, the fact that it is lagging and whipsaws occasionally is a problem.
To me it appears that the TMA would be a better alternative as price does seem to bounce off the bands. It does not have the Bollinger Band drawback where price tends to hug the band for extended periods.
Maybe a reversal zone could be applied using 3.0 and 2.5 ATr lines.
My preference would...
Thanks for the info, EP. I am by no means done experimenting and agree whole heartedly with you about the NLBB. Same hazards as any MA type system. I like the TMA, and will keep experimenting.

I like the Synergy bars, since they eliminate a lot of noise. Their short coming is that they also mask a lot of price action. However, I think with the basket, they may be well suited. I don't think the traditional candle patterns, such as pin bars, IBs, etc carry as much importance.

I have never been much of an indicator trader. However, it seems that just about any logical good trading system that trades single pairs will work with this basket chart. THAT is encouraging.

It seems to me that this basket of 8, (more so than the basket of 14) seems to be prone to long moves. Ranges seem to be BIG, which can save some losses. That's a help too.

I don't know about you, but I am finding it much easier to trade than individual pairs. Once the basket is in motion, it seems to stay in motion.

Thanks for the info, will keep investigating your excellent observations. I like the system you have developed. Thanks a million

Shake
  • #430
  • Sep 26, 2011 10:41pm Sep 26, 2011 10:41pm
Beshakey
I agree, the basket of 8 work the best. I've been testing all the time frames and the 5min seems to be the best sooo far. My HAMA EA has been running all day and I'm up 845 pips, check the chart you can see a lot of pips left on the table. I need a better Trailing stop. I'll keep it running tonight and see how we do.

John,
any luck with that !TLE HAMA?? I have 2 other indicators that I think might be better then the HAMA but for now I'll let the HAMA run.

Quoting Beshakey
Thanks for the info, EP. I am by no means done experimenting and agree whole heartedly with you about the NLBB. Same hazards as any MA type system. I like the TMA, and will keep experimenting.

I like the Synergy bars, since they eliminate a lot of noise. Their short coming is that they also mask a lot of price action. However, I think with the basket, they may be well suited. I don't think the traditional candle patterns, such as pin bars, IBs, etc carry as much importance.

I have never been much of an indicator trader. However, it seems that...
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-26_233326.png Size: 56 KB
  • #431
  • Sep 26, 2011 11:06pm Sep 26, 2011 11:06pm
Quoting Beshakey
Thanks for the info, EP.
I like the Synergy bars, since they eliminate a lot of no...ise. Their short coming is that they also mask a lot of price action.

Shake
Hi Shake,
Not familiar with Synergy bars, but will check them out. Trialing line chart now, to cut out noise.
The basket is certainly less volatile and recovery appears less painful.
Have had a few small wins, but still battling some rash moves.
My observations were only a reflection of developments in the preceding BTS threads and all earlier contributors are greatly appreciated!
  • #432
  • Sep 27, 2011 5:13am Sep 27, 2011 5:13am
TraderDuke
On the 5TF what do you have the Has set to 60?



Quoting Traderduke
Beshakey
I agree, the basket of 8 work the best. I've been testing all the time frames and the 5min seems to be the best sooo far. My HAMA EA has been running all day and I'm up 845 pips, check the chart you can see a lot of pips left on the table. I need a better Trailing stop. I'll keep it running tonight and see how we do.

John,
any luck with that !TLE HAMA?? I have 2 other indicators that I think might be better then the HAMA but for now I'll let the HAMA run.
  • #433
  • Sep 27, 2011 7:09am Sep 27, 2011 7:09am
Dc
Basic settings that I posted earlier.

See chart

Quoting dryclean
TraderDuke
On the 5TF what do you have the Has set to 60?
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-27_080716.png Size: 52 KB
  • #434
  • Sep 27, 2011 9:35pm Sep 27, 2011 9:35pm
Quoting Beshakey
Here's the RUB
Hi Shake,
Here is a way to avoid those pesky whipsaws!
Only need 2 indicators:
1. 13 period TMA with 1.0 ATR100 bands.
2. NLMBB (5,13,0.0)
Entry: Colour change on NLMBB, ONLY when it is OUTSIDE the TMA bands.
Exit: Colour change on NLMBB ONLY when outside OPPOSITE band.
OR at Max TP, when there is no NLMBb/TMA Cross exit (See Attach 2)
(TP set at Amt that would exceed average Color change exits)
A bit radical as HaS, mTF etc are not needed.
Will be putting to test.
Lets see how it goes!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: tma2.gif Size: 35 KB
Click to Enlarge Name: tma3.gif Size: 28 KB
  • #435
  • Sep 28, 2011 4:14am Sep 28, 2011 4:14am
THANKS A MIL, DUKE AND EAGLE. All elegant in their simplicity
  • #436
  • Sep 29, 2011 3:42am Sep 29, 2011 3:42am
Hi there

please a request for jmw1970

I don't know if this can be implemented,btw=

it would be good if we could have on the screen an update of what the EA is doing during the trade

i.e. right now I'm trading a Basket Long with your EA,I put Set to BreakEven+Lock at 200 USD level and trade went up to 227 USd before retracing

it would have been good to see printed on the screen that the preset Lock Amount was banked and StopLoss level was moved to BreakEven during the active trade

I hope it can be done
many thx for this excellent piece of software
Account deleted
  • #437
  • Sep 29, 2011 5:02am Sep 29, 2011 5:02am
Hi Swissforex

that is in version 2.1 of the software

please see next post for details on release.

John

Quoting swissforex
Hi there

please a request for jmw1970

I don't know if this can be implemented,btw=

it would be good if we could have on the screen an update of what the EA is doing during the trade

i.e. right now I'm trading a Basket Long with your EA,I put Set to BreakEven+Lock at 200 USD level and trade went up to 227 USd before retracing

it would have been good to see printed on the screen that the preset Lock Amount was banked and StopLoss level was moved to BreakEven during the active trade

I hope it can be done
many thx for this excellent piece...
  • #438
  • Sep 29, 2011 5:05am Sep 29, 2011 5:05am
Dear All

just a quick note to let people know that I am still around and haven't forgotten about this project.

If you have read the thread you will be aware that I have just moved to the UK.

Unfortunately the town I am in, only has one place with WIFI, so it is very difficult to get online.

I have ordered broadband internet, which should be set up next wednesday (5th October), at which point I will be more active on the forum again.

Best Regards,
John
  • #439
  • Sep 29, 2011 5:23am Sep 29, 2011 5:23am
Quoting jmw1970
Dear All

just a quick note to let people know that I am still around and haven't forgotten about this project.

If you have read the thread you will be aware that I have just moved to the UK.

Unfortunately the town I am in, only has one place with WIFI, so it is very difficult to get online.

I have ordered broadband internet, which should be set up next wednesday (5th October), at which point I will be more active on the forum again.

Best Regards,
John
Hi Jonh,

Thanks for letting know you are still around and working on the project.
Hope you are settelling down well in your new job and get connected back to us soon through your new and fresh broadband connection.

good luck

AJ
  • #440
  • Sep 29, 2011 5:32am Sep 29, 2011 5:32am
Quoting EaglePip
Hi Shake,
Here is a way to avoid those pesky whipsaws!
Only need 2 indicators:
1. 13 period TMA with 1.0 ATR100 bands.
2. NLMBB (5,13,0.0)
Entry: Colour change on NLMBB, ONLY when it is OUTSIDE the TMA bands.
Exit: Colour change on NLMBB ONLY when outside OPPOSITE band.
OR at Max TP, when there is no NLMBb/TMA Cross exit (See Attach 2)
(TP set at Amt that would exceed average Color change exits)
A bit radical as HaS, mTF etc are not needed.
Will be putting to test.
Lets see how it goes!
I think this TLE should do the job, it has been placing trades for me and hitting TP. I have also put in set file (rename .txt to .set, thanks ff) as well for the EA, though this is still being adjusted.

I think it is not perfect yet but getting there, your method looks good though manually, it is always difficult to make an automated system do exactly what you would do manually as the human brain can spot the difference whereas we need to allow for double precision difference in code.

Let me know what you think. There is no guarantee this will work, i am getting good at making mistakes in code

Mike
Attached File(s)
File Type: mq4 !TLE_EP_NLMBB_TMAC.mq4   9 KB | 341 downloads
File Type: mq4 NLMBB.mq4   7 KB | 335 downloads
File Type: mq4 TMA CENTERED MARI mod.mq4   9 KB | 344 downloads
File Type: txt bts ep m5.txt   1 KB | 370 downloads
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