Range Bar Basket System | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

3 Bar Fractal with mid-bar and bar on each side 11 replies

Change indicator narrow range bar NR4 to wide range bar WR4 0 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: Range Bar Basket System
Exit Attachments

Range Bar Basket System

  • #241
  • Dec 12, 2012 2:37am Dec 12, 2012 2:37am
Well. Today could be a great day. You can see now the trend power. I reached +1000 pips acumulated at still open positions.
Regards.
That which you give to others, life will return it in spades
  • #242
  • Dec 12, 2012 2:40am Dec 12, 2012 2:40am
Excellent, well done Jaque :-)

And continuing thanks,

M.
If you think I'm mad, I must be mad
  • #243
  • Dec 12, 2012 3:31am Dec 12, 2012 3:31am
Well. A new RB is formed. Im looking for enter a buy position at LRB. Target1 +270.
Still open position:
ba2: +740
bb2: +470
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 132 KB
That which you give to others, life will return it in spades
  • #244
  • Dec 12, 2012 3:37am Dec 12, 2012 3:37am
Buenos dias Jaquemate

I have been looking at your system a few days now and I have a question: are you taking trades (demo or live) or are you calculating results looking at charts? I tell you this because Highs and Lows of candles calculated by Basketv6 indicator are not real, I mean when you see a candle in the past has just touched the High or Low of the RB, this High or Low is never reached by the price. This problem has been already discussed in T101 thread.
So by a visual backtest you will see a lot of wicks that touched High/Low of RB but in real time the price has never touched these limits, so a lot of trades are not taken in real time.

This "wrong" wicks are really clear when you look at the candles and its formation in real time.

This is a fact. How do you solve this problem?
  • #245
  • Dec 12, 2012 3:58am Dec 12, 2012 3:58am
Amended files.

The indi no long shows the vertical white lines unless mShowVlines is set to true.

The EA has been amended to work with the latest version of the indi.
It still has not been tested properly and I urge you NOT to use on live account until you are happy with it.
The size of the triangle can be changed by selecting the LOWER 2 corners and moving to required size (if you move the higher corner it will affect the trades).

The only idea behind the EA was to set pending orders at the RbH or RbL (so as to capture the price at any spike though the RbH/L)
It now also sets the exits point .... first at the opposite RbH/L and then if only partial close at double the RbH/L range.
The entry and exit lines can be moved after set by the EA and become live at the new level set by user if required.

There is still a high probability of potential errors with the EA ... if you use and find some let me know.

The 2 files work together. The EA will not work without this indi.


M.
Attached File(s)
File Type: ex4 mn Bag v1.1.ex4   13 KB | 247 downloads
File Type: ex4 mn Bag EA v1.1.ex4   13 KB | 241 downloads
If you think I'm mad, I must be mad
  • #246
  • Dec 12, 2012 5:21am Dec 12, 2012 5:21am
Quoting Caillou
Buenos dias Jaquemate

I have been looking at your system a few days now and I have a question: are you taking trades (demo or live) or are you calculating results looking at charts? I tell you this because Highs and Lows of candles calculated by Basketv6 indicator are not real, I mean when you see a candle in the past has just touched the High or Low of the RB, this High or Low is never reached by the price. This problem has been already discussed in T101 thread.
So by a visual backtest you will see a lot of wicks that touched High/Low of RB but...
Buenos dias Caillou:

Yes. Its happens always cause basket indicator is a crosses average price and price oscillates. If you see chart when bar body is making a new high or low you will see that wicks are descending or ascending at same time. Itsn a problem for me cause i really enter position when i see that wick touch the line or wait some minutes and leave that wick break line. Not is important if price is real cause price is not real. Not is important if price touch really the line or not. The spread of this oscillate could be 20... 30 pips. Its not important. Im looking for 1000 - 2000 pips.
Important is that you are buying in a lower zone or selling in a higher zone. Before take a trade i look at a single chart. i.e. EURJPY and see the aproximate zone where order will be put.
When you take a trade with a basket chart at LRB you can check after a single chart. i.e.EURJPY or another crosses. You will see that trades are puts at support and resistance zones. Thats is the main idea of the system.

Another thing that you are not mention happens too. And this is a problem for me.
If you use higher time frame for look the global situation context and after you go to lower time frame to take multiples entries you can check how at lower time frame (i.e.5m or 15m) most times price never has same level and most times price never touch line that price are touching at higher time frame.
Its a problem for me cause my main idea is to look at global situation context and after go to lower time frame to take entries and i cant do with basket chart.

I said many times here that i taking trades at live account and duplicate at demo account for look at diferents exit options and check results. I said too that im not infront computer all day and i cant take all possible trades but i want to show all possible trades.
Its a hard work to do it manually but all system could be improvement.
This is not a critical to other people on this forum. Sure NO. But i think that is not realistic to show people a system that you are not probing with real money in a live account. Its not trading. Its another thing. Its playing with irreal numbers. Sensations play a very very important paper in trading and could be turn a winner system in demo in a losser system in live.
But it is only my personal opinion.
Regards.
That which you give to others, life will return it in spades
  • #247
  • Dec 12, 2012 6:36am Dec 12, 2012 6:36am
Quoting Jaquemate
Buenos dias Caillou:

Yes. Its happens always cause basket indicator is a crosses average price and price oscillates. If you see chart when bar body is making a new high or low you will see that wicks are descending or ascending at same time. Itsn a problem for me cause i really enter position when i see that wick touch the line or wait some minutes and leave that wick break line. Not is important if price is real cause price is not real. Not is important if price touch really the line or not. The spread of this oscillate could be 20... 30 pips....
Gracias Jaquemate,

All clear now for me. So you usually enter trades when you see a wick (and not price) is touching the limits of the RB, but then the price is lower than that, then unless it is a real trade, you can not know how many pips you make (positive or negative), you are only sure that pips made are lower if you win and bigger if you lose because you didn´t enter at the high/low of RB.
Another problem with that is that you can not use limit orders, which is the best way to trade breakouts. Don´t misunderstand me, I´m not here saying your system is not good, I don´t know yet, I just want to make sure I understand how to enter trades.

Cheers
  • #248
  • Dec 12, 2012 8:19am Dec 12, 2012 8:19am
Look at chart please Caillou:
Look at EURJPY 1h chart. See retrace zones an where are puts buy orders and after see basket chart.
You can see now?
If you dont want assume the slipagge at basket chart you can put limit orders at every single chart doing the same im doing now. But could be not all orders are execute....
This is a problem. I prefer will continue doing the same thing im doing untill now.
But i accept sugestions.
Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 130 KB
Click to Enlarge Name: jaq1.jpg Size: 131 KB
That which you give to others, life will return it in spades
  • #249
  • Dec 12, 2012 12:08pm Dec 12, 2012 12:08pm
Hi all:
A new 1h RB is formed. Be cautious. Range is 550 pips. So large.
Looking for enter buy position at 96.50. Target1 +550 pips.
Still open:
ba2: +1200 pips
bb2: +900 pips
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 123 KB
That which you give to others, life will return it in spades
  • #250
  • Dec 12, 2012 1:47pm Dec 12, 2012 1:47pm
What Currency pair is this?E/U G/U, G/J or what. When u talk of 550 pips are u talking about points or pips?
Quoting Jaquemate
Hi all:
A new 1h RB is formed. Be cautious. Range is 550 pips. So large.
Looking for enter buy position at 96.50. Target1 +550 pips.
Still open:
ba2: +1200 pips
bb2: +900 pips
Regards.
  • #251
  • Dec 12, 2012 1:50pm Dec 12, 2012 1:50pm
It is a basket of currencies. (hence the thread title)
Jaque use 14 pairs which I believe are...

"GBPUSD", "EURUSD", "AUDUSD", "GBPJPY", "EURJPY", "AUDJPY",
"EURGBP", "USDCHF", "NZDUSD", "USDJPY", "NZDJPY", "GBPCHF", "CHFJPY", "EURCHF"

M.
If you think I'm mad, I must be mad
  • #252
  • Dec 12, 2012 2:00pm Dec 12, 2012 2:00pm
Hi all:
For all thats dont know what is a basket chart i say that is the addition of several currencies crosses.
At this case the 14 pairs are that futurespec are saying.
You can comprobate it easily. Look at one 1h bar range of a basket chart. i.e. 20:00 GMT. Say its range is 258 pips. Then look at the range of the same 1h bar in every pair and sum the numbers (28+18+15....). 14 pairs sum is same number than 1h bar at basket chart. Thats simple.
Regards.
That which you give to others, life will return it in spades
  • #253
  • Dec 12, 2012 2:06pm Dec 12, 2012 2:06pm
ok I see thanks so much
Quoting futurespec
It is a basket of currencies. (hence the thread title)
Jaque use 14 pairs which I believe are...

"GBPUSD", "EURUSD", "AUDUSD", "GBPJPY", "EURJPY", "AUDJPY",
"EURGBP", "USDCHF", "NZDUSD", "USDJPY", "NZDJPY", "GBPCHF", "CHFJPY", "EURCHF"

M.
  • #254
  • Dec 12, 2012 2:11pm Dec 12, 2012 2:11pm
OK now I got thanks futurespec and jaquemate but is there a way you guys integrate all these pairs together and trade it at ones if yes how can do the same
Quoting Jaquemate
Hi all:
For all thats dont know what is a basket chart i say that is the addition of several currencies crosses.
At this case the 14 pairs are that futurespec are saying.
You can comprobate it easily. Look at one 1h bar range of a basket chart. i.e. 20:00 GMT. Say its range is 258 pips. Then look at the range of the same 1h bar in every pair and sum the numbers (28+18+15....). 14 pairs sum is same number than 1h bar at basket chart. Thats simple.
Regards.
  • #255
  • Dec 12, 2012 3:15pm Dec 12, 2012 3:15pm
Quoting sepramfx
OK now I got thanks futurespec and jaquemate but is there a way you guys integrate all these pairs together and trade it at ones if yes how can do the same
Hi sepramfx.
Wellcome to thread.
Im using scripts attached for enter buy or sell order. Script BuyAll open at same time 1 buy order in every pair untill 14. Script SellAll do the same. Every time you use the script you must enter a diferent Magic number in the script.
The third script close all open position with the same Magic number.
I give a magic number to every open position. i.e. Mn121220121 and add this number to comments. Then when i want close 14 open orders at same time but i dont want close all open orders i Know what is the magic number i must enter at script.
Regards.
Attached File(s)
File Type: mq4 TradeHedgeBUYALL.mq4   5 KB | 304 downloads
File Type: mq4 TradeHedgeSELLALL.mq4   5 KB | 304 downloads
File Type: ex4 mn Close MagicN Trades.ex4   2 KB | 314 downloads
That which you give to others, life will return it in spades
  • #256
  • Dec 12, 2012 4:03pm Dec 12, 2012 4:03pm
Quoting futurespec
as002,

Pleased that you have faith but PLEASE NOTE that it is early days and the EA has not been fully/properly tested and it is still possible to get unintended results. Just do not want you to lose money on live account due to any unforeseen errors.

To me this morning longs would be the preferred direction due to the strong daily and now the 4hr starting to get above the cloud. I could well be wrong and usually am once I try to make a judgement call. ;-)
We are in an area of some indecision and for me at least it may be better to wait a short...

back on the screen again.
Previous pending order closed on red arrow, when I woke up after the Mas had crossed and the Ichi turned upwards.
http://i.imgur.com/p7Tuj.png

Regarding the EA, it opened many trades on demo and did really fine. Currently I need it mainly for opening trades because live screen time is limited. besides that there is always the MPTM EA running on a second chart handling any positions.
  • #257
  • Dec 12, 2012 5:51pm Dec 12, 2012 5:51pm
Quoting futurespec
Amended files.

The indi no long shows the vertical white lines unless mShowVlines is set to true.

The EA has been amended to work with the latest version of the indi.
It still has not been tested properly and I urge you NOT to use on live account until you are happy with it.
The size of the triangle can be changed by selecting the LOWER 2 corners and moving to required size (if you move the higher corner it will affect the trades).

The only idea behind the EA was to set pending orders at the RbH or RbL (so as to capture the...

The EA closes the determined percentage of positions on every touch of the Green Line, until finally closes it all at 0.01 lots.
  • #258
  • Dec 12, 2012 9:47pm Dec 12, 2012 9:47pm
A job well done, keep up the good work
Quoting Jaquemate
Hi sepramfx.
Wellcome to thread.
Im using scripts attached for enter buy or sell order. Script BuyAll open at same time 1 buy order in every pair untill 14. Script SellAll do the same. Every time you use the script you must enter a diferent Magic number in the script.
The third script close all open position with the same Magic number.
I give a magic number to every open position. i.e. Mn121220121 and add this number to comments. Then when i want close 14 open orders at same time but i dont want close all open orders i Know what is the magic...
  • #259
  • Dec 13, 2012 12:41am Dec 13, 2012 12:41am
Quote
The EA closes the determined percentage of positions on every touch of the Green Line, until finally closes it all at 0.01 lots.

Was this for long, short or both trade types?
Was the exit line green or lime?

What should happen is that once a trade is opened then the green exit line should appear at the opposite end of RB. (user can move line).
Once a % is closed at the green line it should move further away (entry * 2 Rb) and turn lime (again user can move)

M.
If you think I'm mad, I must be mad
  • #260
  • Dec 13, 2012 12:55am Dec 13, 2012 12:55am
GM All:
Today i will continue looking for longs.
First opportunity at LRB @102,60. Target1 +170 pips.
Still open positions:
ba2: +1450 pips.
bb2: +1200 pips.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: jaq.jpg Size: 125 KB
That which you give to others, life will return it in spades
0 traders viewing now