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ES Trader's Simple Basket Trading System; an auto-trader by SteveHopwood

  • #21
  • Sep 30, 2011 2:13pm Sep 30, 2011 2:13pm
  •  regme
  • | Joined Mar 2010 | Status: Planning to be like Warren Buffett | 115 Posts
Steve, Thanks.
Interesting EA and ES System. Till now system looks promising. Initially -75 and now up +ve.

Suggestion:
-----------
To minimize initial draw down, I think if we add some filter like, two higher time frames must agree and system pull trade base on small time frame in same direction.
Attached Image (click to enlarge)
Click to Enlarge Name: ES_trader_results_waseem_30sep2011.JPG Size: 177 KB
  • #22
  • Sep 30, 2011 2:23pm Sep 30, 2011 2:23pm
  •  regme
  • | Joined Mar 2010 | Status: Planning to be like Warren Buffett | 115 Posts
ALL the trades are close now by EA and in profit. JPG attached.
Attached Image (click to enlarge)
Click to Enlarge Name: ES_trader_tradeclose_results_waseem_30sep2011.JPG Size: 174 KB
  • #23
  • Sep 30, 2011 3:32pm Sep 30, 2011 3:32pm
Quoting regme
Steve, Thanks.
Interesting EA and ES System. Till now system looks promising. Initially -75 and now up +ve.

Suggestion:
-----------
To minimize initial draw down, I think if we add some filter like, two higher time frames must agree and system pull trade base on small time frame in same direction.
There are things that irritate me more than people posting when they clearly have not been bothered to come to even the most basic understanding of what is going on, but not many.

You are barred from further postings in any of my threads.

  • #24
  • Sep 30, 2011 3:34pm Sep 30, 2011 3:34pm
Quoting ES Trader
I had some problem. Was losing a lot initially. I think it is a good idea to have some threshold inputs.
Let me continue testing.
The thresholds do a decent job of keeping us out of premature trades when the position is only marginal.

Once in, the signal change stop loss is doing its usual thing of kicking us out of baskets for fun.

Stop loss and basket trading don't mix any better now than on previous occasions.

Are we going down the usual road here? Trade tiny lots so that the account can withstand a ridiculous move against the basket until it finally moves back in our favour? Better than having baskets continually closing at stop loss, that's for sure.

  • #25
  • Sep 30, 2011 4:06pm Sep 30, 2011 4:06pm
Quoting SteveHopwood
There are ...You are barred from further postings in any of my threads.
Oh Dear!!! The man has been a member for the last 18 months and not a single post. Now he has found your thread worthy of 2 consecutive posts and you ban him!!! Life is not fair?!?!?

Kind regards
  • #26
  • Sep 30, 2011 4:26pm Sep 30, 2011 4:26pm
Quoting astral77
Oh Dear!!! The man has been a member for the last 18 months and not a single post. Now he has found your thread worthy of 2 consecutive posts and you ban him!!! Life is not fair?!?!?

Kind regards
Oh OK. Bar lifted.

Not from my restricted threads though. If the guy cannot even be bothered to properly read ES's thread and understand how the trades are triggered by the indi posted there that does not have a multi tf capability, then he should not be posting here - unless he can find a way to post invisibly so I do not have to read said posts.

Ladies and gentlemen, gaining access to my restricted threads is easy; all you have to do is ask for access. Retaining access depends on you not posting idiotically. Always remember these things: I start the occasional thread from time to time; if you post in one of them, I have to read your post; if your post is ill-considered, I am irritated; if your post shows you cannot be arsed to do even the most basic reading, I am livid.

  • #27
  • Nov 2, 2011 9:05pm Nov 2, 2011 9:05pm
Anyone still testing this EA? Here is my forward statement and it seem to have legs.

http://www.myfxbook.com/members/Bull...-basket/186268
  • #28
  • Nov 3, 2011 7:54pm Nov 3, 2011 7:54pm
Quoting BullRun
Anyone still testing this EA? Here is my forward statement and it seem to have legs.

http://www.myfxbook.com/members/Bull...-basket/186268
One of the problems we have here is that I can produce 5 traders a week. I cannot be alone in granting an ea a couple of days tops to prove itself worthy of further testing.

This one failed quite quickly, but such a failure can be down to timing. If you reap more success, please post about it.

  • #29
  • Last Post: Nov 7, 2011 11:43pm Nov 7, 2011 11:43pm
Steve, I know that I am not the sharpest knive in the drawer. However, I have been running this for a few days. I have had 4 profitable baskets in a row. The problem is that there is usually a large drawdown first. So why not use this to our advantage. Can we set up each trade as a pure hedge (same trades long and short). Then, instead of a stop loss, sell the opposing trades. Even if the trades continue to go against us, we are offset, to some degree, by the profit. Just a thought. I know this will not work for those with U.S. based accounts, but I trade through the UK. Can we use this to our advantage?
Quoting SteveHopwood
The thresholds do a decent job of keeping us out of premature trades when the position is only marginal.

Once in, the signal change stop loss is doing its usual thing of kicking us out of baskets for fun.

Stop loss and basket trading don't mix any better now than on previous occasions.

Are we going down the usual road here? Trade tiny lots so that the account can withstand a ridiculous move against the basket until it finally moves back in our favour? Better than having baskets continually closing at stop loss, that's for sure.

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