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T101 Basket Trader with ONE of Nanningbob's Balls

  • #601
  • Oct 24, 2011 3:18am Oct 24, 2011 3:18am
Quoting jmw1970
well something similar, I was more thinking about the indexes available on LiteForex (USDFLX, EURFLX, FLXJPY) - but basically looking at it the same way

in our baskets we are trading the USD & JPY (plus CHF if 14 pair) against everything else

so my idea was to combine the "other" and the usd,jpy,chf to give a similar type picture ie. just 2 lines

then look for a definite coming together (possibly by combining the 2 lines total to then look for a retrace of a fib number - to avoid whipsaw)

the same with the IA, the IA tells you what...
John

I do agree that indexes seem interesting and the issue is how to use them to our advantage. In the CICR thread someone posted the Mindex indy, this reproduces the indexes provided by Liteforex so you can use on another broker. I have started to play around with this, though currently the EA i have written is still being optimised and tested. The pic below shows it running, it takes the indy and scales the output to % the checks for strongest and weakest and checks direction. Well that was the idea but it still needs work. i will post it once i am happy, but John if you want a beta copy for testing and improving pm me your email.

Keep up the outstanding effort John and kudos to all that are making suggestions for new ways to make this work.

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: currency index ea.gif Size: 12 KB
Attached File(s)
File Type: mq4 MIndex_v1_1.mq4   2 KB | 601 downloads
  • #602
  • Oct 24, 2011 6:58am Oct 24, 2011 6:58am
Quoting Beshakey
I like the HMA kos style and think it is a good plan. However, I am just not GOOD at that one.

Here is a trading plan with the NLBB that I have been playing with for the last 2 weeks. It has been successful for me, with about 950 pips last week. I trade this live on my little account.

I have been trading this manually, using the BOT to open and close trades. It dawns on me that this might make a TLE, if we can get the logic right. I have tended to use judgement and intuition for taking profits, and accepting losses, which don't usually code...
Thank you for sharing, I will put this on my demo chart.

Edd
  • #603
  • Oct 24, 2011 7:50pm Oct 24, 2011 7:50pm
@magft

I am fighting with this concept for a while....

1. Would it be possible for you to extract the "normalization" part of your EA as an indy, ie. only the currency table as an indicator?

2. over at Brijon's thread, he is using a base line of a currency basket, would it make sense to correlate this - eg. if AUD is above base line - buy the AUD (pairs), if below, sell?

3. I found it quite interesting to check hannover's recent strength indy on different timeframes, which begs the question which TF provides the best signal....

Would appreciate your thoughts on this
  • #604
  • Oct 25, 2011 2:53am Oct 25, 2011 2:53am
Quoting mobthehop
@magft

I am fighting with this concept for a while....

1. Would it be possible for you to extract the "normalization" part of your EA as an indy, ie. only the currency table as an indicator?

2. over at Brijon's thread, he is using a base line of a currency basket, would it make sense to correlate this - eg. if AUD is above base line - buy the AUD (pairs), if below, sell?

3. I found it quite interesting to check hannover's recent strength indy on different timeframes, which begs the question which TF provides the best signal....

Would...
TO be honest i am still trying to get my head around all these concepts, that is why the Ea is not functioning correctly i suspect. I'll see if i can extract the currency part, i was going to do that first but due to overheads it is better to include the code in the EA.

There are so many threads with different ideas all based on similar principles but tackling the problem differently. I have seen an indicator that des what you describe in 2, think it might be the CCp indy though i have tried so many variations i cant quite remember.

I am running SH Hanover EA using Relative Strength, i finished mine the same day Steve released this! I am still optimising how to use it but the Indicator by Hanover is very good. As for which timeframe is best i think it depends what you want, short term scalping (use lower Tfs more relevant to now) or trend trading (higher Tfs like how Hanover uses it). Like with most systems it depends on your trading style, i am still trying to find mine

I am anxiously awaiting Scoobs EA next weekend as that looks very very good and much better than anything i could produce. He has the experience and the coding capability, i am as of yet lacking in both areas.

Hope this helps a bit, i'll post the EA and the indy when i get them working robustly.

Mike
  • #605
  • Oct 25, 2011 3:00am Oct 25, 2011 3:00am
Hi John,

How do I set the EA to take trade only during the initial signal when the trend begins and not entering trades any time when the trend has formed?
  • #606
  • Oct 25, 2011 5:13am Oct 25, 2011 5:13am
I take it you are talking about the TLE's for VQ I recently posted

please read the documentation in the post, it clearly explains the difference between the 2 TLE's for VQ



Quoting Chroniclez
Hi John,

How do I set the EA to take trade only during the initial signal when the trend begins and not entering trades any time when the trend has formed?
  • #607
  • Oct 25, 2011 11:37am Oct 25, 2011 11:37am
John,

So sorry and thank you for reminding me again. I did read your documentation but because you mentioned the conservative first in the sentence:
"There are 2 TLE's - one is very conservative in it's entries and will only enter trends at the beginning or after a significant retrace, the other can enter trends mid-way through" and then the order of the EA's you uploaded, the conservative one was at the second, so I used the first.

Blame myself for missing out an important point you mentioned "!TLE VQzz 15_240 (allows entries mid trend)"

Now I know what the "con" in the EA's name meant.

Sorry to bother. Thanks again.
  • #608
  • Oct 25, 2011 11:40am Oct 25, 2011 11:40am
John,

Is it possible for me to use the EA you made for single pairs? I remembered someone asked you before and you said it cannot do that.
  • #609
  • Oct 25, 2011 1:41pm Oct 25, 2011 1:41pm
the trader can be used for single pairs, but that is not it's main function, therefore there is a little bit of work to do.

there are 2 options

static changing of pairs (ie. pairs wont be changed very often)

change the basket size to 1 and ensure in the function Get_Basket_Pairs the case statement for basket size 1 contains the pair you want to trade

dynamic changing of pairs

press F3 to get the global variables and exclude every pair that you do not want to trade

regards, John

Quoting Chroniclez
John,

Is it possible for me to use the EA you made for single pairs? I remembered someone asked you before and you said it cannot do that.
  • #610
  • Oct 29, 2011 1:25am Oct 29, 2011 1:25am
Quoting Edd Ganuelas
Thank you for sharing, I will put this on my demo chart.

Edd
Very welcome, I only had a so-so week with it myself. Had a few smallish losses, so I spent a lot of time making up ground with a couple of big ones. i think is an additional filter could be added to eliminate some of the tight rangees, this method could be mechanical enough to make a good TLE.

I also think that a good currency strenght indie might be key. I have taken the Orest, and changed it to the currencies we are most interested in, and am experimenting with that.

I am NOT a coder, since I lack the logic and learning skills to get into it, so I am unable to do much with it. The results are most rudimentary. I had thought that some miniature version, might be worth looking into. same sort of thing as suggestion as Mobthehop

Shake
  • #611
  • Oct 29, 2011 3:36am Oct 29, 2011 3:36am
Hi Beshakey

Here is my modified orest that i changed to 8 pair.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: t101 orest 8.gif Size: 18 KB
Attached File(s)
File Type: mq4 T101_orest_8Pair.mq4   20 KB | 842 downloads
  • #612
  • Oct 30, 2011 3:33pm Oct 30, 2011 3:33pm
Quoting jmw1970
the trader can be used for single pairs, but that is not it's main function, therefore there is a little bit of work to do.

there are 2 options

static changing of pairs (ie. pairs wont be changed very often)

change the basket size to 1 and ensure in the function Get_Basket_Pairs the case statement for basket size 1 contains the pair you want to trade

dynamic changing of pairs

press F3 to get the global variables and exclude every pair that you do not want to trade

regards, John
Thanks John,

I understand now. Just need to do some tweaking aite.
  • #613
  • Nov 1, 2011 5:45am Nov 1, 2011 5:45am
Quoting Gvc
Hi Beshakey

Here is my modified orest that i changed to 8 pair.

Regards
Hey, thanks a million, GV, much much better than mine!

This may be a big help.

Shake
  • #614
  • Edited 7:05am Nov 6, 2011 7:03am | Edited 7:05am
Traderduke: Hi!

Since my last message, still I am testing your EA (RK-T101 basket trader v2 HAMA.
For more than 4 weeks, still showing profitabilty.
Though some problems noted on directional basis trading. Say, If i want to trade only buy /or Only sell (after selection) still it trading both ways.
Also, if I pause the EA ( inactivate) on the chart, still it trades.

There is no way to stop th EA from trading.

Could you please kindly look into this problem. Thank you!

Sincerely,
rs
  • #615
  • Nov 6, 2011 7:19am Nov 6, 2011 7:19am
Quoting rswamy4449
Traderduke: Hi!

Since my last message, still I am testing your EA (RK-T101 basket trader v2 HAMA.
For more than 4 weeks, still showing profitabilty.
Though some problems noted on directional basis trading. Say, If i want to trade only buy /or Only sell (after selection) still it trading both ways.
Also, if I pause the EA ( inactivate) on the chart, still it trades.

There is no way to stop th EA from trading.

Could you please kindly look into this problem. Thank you!

Sincerely,
rs
A short term solution would be go to the properties of the ea(F7) go to the common tab and click on the Long & Short position and make only long or only short
  • #616
  • Nov 6, 2011 7:55am Nov 6, 2011 7:55am
Dryclean: Good morning!

Thank you for the prompt message.
Yes, I did selected the Long or short position. After this directional selection still EA trdaes both ways.
Same way, I was unable to pause the EA from chart( after inactivation still it trades).

I would be greatful, if could help me in proper direction.
I really like this EA. thank you!
Sincerely,
rs
  • #617
  • Nov 6, 2011 3:29pm Nov 6, 2011 3:29pm
Quoting rswamy4449
Dryclean: Good morning!

Same way, I was unable to pause the EA from chart( after inactivation still it trades).
...
Sincerely,
rs
Hi Rs,
I have also had Ea's that appear to behave strangely and have wondered about orders being opened/closed for no reason.
Then, have discovered that there was a forgotten Ea on another chart, that was actually the culprit.
You may have already checked this, but its hard to explain why, an Ea that is still active when it has been deactivated.
Just needed to point this out,
Thanks,
EP
  • #618
  • Nov 7, 2011 11:17pm Nov 7, 2011 11:17pm
Ep: Hi!

In my platform just was using only this EA.
Oneday, after pause, just went out, when I cameback, it's already taken the trades.
Next day, happened the same.
Since then, to stop trading,physically removing the EA From the chart.

Thank you!
regards,
rs
  • #619
  • Nov 20, 2011 9:22pm Nov 20, 2011 9:22pm
Hi John,

Hope you have not abandoned this baby.
Was looking for a way to create a virtual basket and your T101 Basket Trader almost fits the bill.

Wondering if you would entertain the idea of releasing an offshoot Virtual Basket Indicator that just tracks Dollar value of Basket of currencies without actually placing orders.

Rationale behind this, is to be able to identify a fast moving single pair to trade on a small account, similar to the method being used on the Pit Bull thread by Brijohn.

It is based on the 101 Basket, but presently is just being practiced on Demo accounts, as drawdowns are integral to its operation and therefore requires comparatively large accounts.

Your T101 Trader already has capability to monitor Dollar value of trades. If that functionality can be achieved without actually placing orders, it could be used to identify and trade just the fastest moving pair, without having to worry about huge drawdowns. It would also provide real time indication of market direction.

Look forward to you view on this suggestion.
Thanks,
EP
  • #620
  • Nov 21, 2011 1:39pm Nov 21, 2011 1:39pm
Eagle Pip

I suppose if you wanted an interim solution, you could run this EA on a demo account and watch the trade results to give you cues for your main live trading account.

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