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Still Basketting

  • #541
  • Oct 31, 2012 9:20pm Oct 31, 2012 9:20pm
Quoting Paludo
you must open a H1 tf offline chart like you did to 15m to feed the 15m vqzz
oh yeah sorry, I've found my answers
I try to open kos14 H1
and vqzz2 give me 2 color
but if I just open a blank offline H1 chart, it was give me nothing

anyway thanks paludo :-)
  • #542
  • Oct 31, 2012 9:42pm Oct 31, 2012 9:42pm
I am not sure if this system is so easy or I am just lucky but yesterday I entered long and I am now up over 400 pips. But I have no idea how to manage it other than closing all. How does the ea manager work? Is there instruction someway in this thread?
  • #543
  • Nov 1, 2012 12:02am Nov 1, 2012 12:02am
Quoting Kosomolate
Chart Examples:
Good week

kos
kosomolate, when u say you got 1000 pips in 3 days, if someone who was trading 0.10 per pair (14) which adds up to be 1.4 lots does that mean they would have earned 14000 in 3 days?
  • #544
  • Nov 1, 2012 1:18am Nov 1, 2012 1:18am
Quoting ananthhh
Hi dear basketters,

I made a very basic EA, this EA is based on the indicator i posted earlier.
This EA accomplishes following things.
1.It opens basket with all pairs successfully.
2.It close basket successfully without leaving any orphan trades.
3.It sticks to the rules perfectly.

Below are the rules for EA
1.Look for the appearance of an arrow in the basketting_alert indicator.
2.If blue arrow occurs, it will check whether the trades already existing is buy or sell or no trades.
3.If buy, then do nothing.
4.If sell, close all and open buy.
5.If...
Kos,

Thank you for sharing your basket thread.


Ananthhh,

Thank you for your EA, could you please share the source of Basketting v0.3.ex4

Thank you


Alfa 99
  • #545
  • Nov 1, 2012 1:44am Nov 1, 2012 1:44am
Hello Diceman555
Can you point me in the direction where I can get a market watch such as yours which you have posted?
Your teachings are gold my dude.
Thanks mate.
  • #546
  • Nov 1, 2012 1:45am Nov 1, 2012 1:45am
Quoting Paradox
Here is the script for dynamically scaling or re-weighting a basket efficiently and accurately.

Basically you can fudge around with the PositionWeighting to get the exposure you want or to scale in and out.
Thanks Paradox. Great contribution.
  • #547
  • Edited 2:07am Nov 1, 2012 1:49am | Edited 2:07am
Quoting dj083
kosomolate, when u say you got 1000 pips in 3 days, if someone who was trading 0.10 per pair (14) which adds up to be 1.4 lots does that mean they would have earned 14000 in 3 days?

See picture for your answer.
Attached Image (click to enlarge)
Click to Enlarge Name: PipTotal.jpg Size: 81 KB
  • #548
  • Nov 1, 2012 2:47am Nov 1, 2012 2:47am
Quoting Paradox
Basically you can fudge around with the PositionWeighting to get the exposure you want or to scale in and out.

Set ReverseTrades = true if you want to sell the basket.
Set PerformTrades = true in order to actually place the orders. Otherwhise you will just see the intended action in the experts tab.
Perfect! I'm going to set up two hardcoded versions - 1 to buy, 1 to sell. Genius!
  • #549
  • Nov 1, 2012 3:16am Nov 1, 2012 3:16am
Quoting effluvium
Hi BashBrothers,

Your dream becomes reality:


How to create your basket as you want, just by typing in the parameters of the indi, the list of any currency pairs separated by a comma.
( without editing each time the code of your indi to change the pairs).

So I was modifying the basketv6 indi, to implement this idea. And here is my small contribution to this trhread, a basket as you want to follow the pairs that matters to you We call it BasketAnyPair_v6

You could also each...
Hi effluvium!

thanks for the tool, it would be useful for those who want to choose there basket, but ensure you choose your pairs correctly, else the principle behind basket is defeated

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #550
  • Nov 1, 2012 3:19am Nov 1, 2012 3:19am
Quoting rswamy4449
Kos: hi!

Your account protect EA will able to close the trades (take the profits) once price changes the direction (say buy to sell after breaching the HAS lines).

If not, would you please add this safety feature to it, if possible.

Thank you for the great system.
Regards,
rswamy
Hi rswamy!

are you the same rswamy in Don's group?

that safety feature is in the EAs posted in this forum here, the protectEA will only watch the PL for enough profit or loss.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #551
  • Nov 1, 2012 3:21am Nov 1, 2012 3:21am
Quoting dansmol
Dear friends.
This is my position at 10:45am GMT, and still growing.
I'm waiting N.Y open.
Best regards
Dan
can you believe it the long position is still open even till now

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #552
  • Nov 1, 2012 3:35am Nov 1, 2012 3:35am
Quoting pbb
Hi Diceman,

By reversing the u/c and g/c, do you have to change anything in the basketv6 code as well?
simply No, open up the tradeHedgeBuyAll script and change the words in balck box to OP_SELL and MODE_BID thats all and anytime you drag the buy it will reverse GC and UC press compile on the main menu

it is better you know how to do it case of next time
kos
Attached Image (click to enlarge)
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John 3:16 - From THIS love no power on earth can me sever.
  • #553
  • Nov 1, 2012 3:38am Nov 1, 2012 3:38am
Quoting TheDirtySerb
The thing about taking out gbp/chf and usd/chf and maybe usd/jpy is this...They are your hedge as I understand it. All the other pairs are corralated so when the basket moves in our favor we make money, but when it moves against us, its those three pairs that keep the losses in check. I understand that these pairs work against our initial entry, but I think the big picture is they will also help protect the account.

Maybe I'm not explaining it well but think of it like this. You open a basket of 8 say long eu, gu, au, nu, aj, ej, gj, and uj. The...
you are very correct sir!

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #554
  • Nov 1, 2012 3:54am Nov 1, 2012 3:54am
Quoting k4tie
Kos,

Thank you for a great thread and apologies in advance if you have already covered this.

Please could you clarify if you reverse gbpchf and usdchf for every trade?
And if it's not the rule for every trade, when is it correct to reverse and when is is correct not to reverse them?

Thanks
Katie

Attachment
Hi kattie!

No I don't reverse for every trade, look at the trade from yesterday, if I had not reversed GC & UC the profit would have been more. Currency trading is an art not science, its a reflection of human behavior which is not really 2+2 = 4

see what reversed GC & UC has done to the profit now and see the EG that is not reversed is also doing. the three of them are holding $192 to ransome

Now to how I reverse, Once I enter for E.G. sell and the basket is buying initially, I observe the pairs going into profit as things are going the wrong way I close the profit and reverse them because when the sell trend resumes and things start going the right way they will spoil the party.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: df.jpg Size: 155 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #555
  • Nov 1, 2012 3:59am Nov 1, 2012 3:59am
Quoting long_bow
I'm so happy to here that. I've learnt so much from Trader101's thread.

Kos, you've done a great job. I'm following you.

Yesterday's tough day. I lost many pips. Today: +220 pips. Anyway the result is still positive.

I prefer day in/day out, so I adopt the system to M5 and adjust it. Daily target is 200~300 pips. Hope it works.
May the pips be with you, but test the 5min HAS setting well before LIVE, I think its only an EA that can handle 14 pairs on that TF or 1min.

I use to do 1min basketing before but its so rigorous and vigorous but with a good EA you can handle it. Also if you consider the spread, it will do you good to look at it twice


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #556
  • Nov 1, 2012 4:00am Nov 1, 2012 4:00am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting dj083
kosomolate, when u say you got 1000 pips in 3 days, if someone who was trading 0.10 per pair (14) which adds up to be 1.4 lots does that mean they would have earned 14000 in 3 days?
if your trading 0.1lots on a USD based account - each pip is worth approx $1 - so in this case the profit is $1000.00

had Kos each pair was up 1000pips then you would be correct.
  • #557
  • Nov 1, 2012 4:03am Nov 1, 2012 4:03am
Quoting pbb
As they are calculated in reverse xxxCHF instead of CHFxxx they move opposite of their correlated pairs. In the backtest I don't see any proof (over a too small testing period, ok) that there is need for those pairs as a hedge. The performance is much better and the it doesn't really make a difference in w/l ratio.

For what I know, it's not so much about hedging, but more about diversifying. We don't know which pair will be ranging/trending or stay flat for the next minute, day or whatever. For some reason some pairs break out while others stay...
thanks pbb,
you have expressed it beautifully than how I would have done it, and that's the essence of the reply to katie's question above.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #558
  • Nov 1, 2012 4:06am Nov 1, 2012 4:06am
To my very brief understanding, the system trade to win when market is in a severe imbalance and all (or almost) go into the same direction. This, in nowadays term, is the risk on and risk off. THe system is basically trading the risk on and off situation, that is anti-usd/jpy. But strange is EG is in a wired position, it is not related to risk on/off or hedge anything. The second pair that I think strange is USDCHF, it is totally different from USDJPY who is the major carry trade currency. The case is when you risk on and long the basket, all pairs go up even though USDJPY (coz of carry trade of other JPY pairs), but how about USDCHF, it turn downward in most of the time. So I think if one removes USCHF from the buy basket instead of keeping it or reverse it will be a more balance and less risk trade. Also, the EURCHF and GBPCHF is also useless in the risk on/ off trade. IMHO, 8 pairs trade excluding UC,GC,EG,EC is much more manageable.
  • #559
  • Nov 1, 2012 4:24am Nov 1, 2012 4:24am
Quoting Paradox
Here is the script for dynamically scaling or re-weighting a basket efficiently and accurately.

Basically you can fudge around with the PositionWeighting to get the exposure you want or to scale in and out.

Set ReverseTrades = true if you want to sell the basket.
Set PerformTrades = true in order to actually place the orders. Otherwhise you will just see the intended action in the experts tab.
Paradox, in my broker perfomtrades works well, but reversetrades does not work. No pairs sold. What is the problem? My broker?
Like someone happens?
Thanks for your help.

regards
  • #560
  • Nov 1, 2012 4:40am Nov 1, 2012 4:40am
Quoting madscalp
You can play also in short trading (here M5)
Great system kos
for sure madscalp!

from your name you like scalping, only that the cost of doing business (spread) will be higher than mine in 15min, the screen time is longer for you, and the trade history will be like at least 600+ trades monthly.

kos
John 3:16 - From THIS love no power on earth can me sever.
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