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Attachments: Another Basket EA
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Another Basket EA

  • #1
  • First Post: Edited Jul 13, 2024 9:34am Jan 7, 2013 2:46pm | Edited Jul 13, 2024 9:34am
Hello Traders

Video below:

http://www.youtube.com/embed/i7_AEq-n2Oc?&autoplay=1
  • #2
  • Jan 7, 2013 5:47pm Jan 7, 2013 5:47pm
IMHO this is a good idea. The only basket trading EAs I have come across have all been martingale or gridders (which is great in ranging markets), but they never were able to take advantage of a good trend if it happened. That would be the ultimate EA - simple, yet able to take on ranging and trending markets without huge DD. I don't know of any one EA that can do both markets well. I think that would have to include a good trailing stop to work best (stop losing trades, let profits keep running). Add basket trading, and you would have the ultimate EA
  • #3
  • Jan 7, 2013 11:40pm Jan 7, 2013 11:40pm
Hi Seller9

I am always interested in new developments.

Subscribed.
  • #4
  • Jan 7, 2013 11:59pm Jan 7, 2013 11:59pm
Hello Seller9,

The only indicator used will be the HAS on all three time frames and will be 15 2 15 2. ( If other settings are better these can be changed)
You will need 3 offline charts open, M15, H1 and H4 with the EA placed on the H1.

Sorry if im mistaken - u mentioned HAS 15-2-15-2 but it should be

HAS will be 2/15/2/15 as per Mr. KOS in his thread
  • #5
  • Jan 8, 2013 4:31am Jan 8, 2013 4:31am
Hello seller, good to see you in the basket
  • #6
  • Jan 8, 2013 8:27am Jan 8, 2013 8:27am
@seller9, a simple tweak to MA renko EA will do the job , there is no need to re invent the wheel all along.
  • #7
  • Jan 8, 2013 10:00am Jan 8, 2013 10:00am
Quoting vadlapatis
Hello Seller9,

The only indicator used will be the HAS on all three time frames and will be 15 2 15 2. ( If other settings are better these can be changed)
You will need 3 offline charts open, M15, H1 and H4 with the EA placed on the H1.

Sorry if im mistaken - u mentioned HAS 15-2-15-2 but it should be

HAS will be 2/15/2/15 as per Mr. KOS in his thread
The order depends on the indicator, the regular HAS is one way and the HAS with alert is the other way in the way they are aranged but still mean the same thing. The ma is 15 and the method is 2, when you do a call from the EA to the HAS indicator the order needs to match with the order the indicator is looking for, so either way can be correct, depending on the indicator being called and some times I get them turned around.

So you are correct.
  • #8
  • Jan 8, 2013 10:06am Jan 8, 2013 10:06am
Quoting Gvc
Hi Seller9

I am always interested in new developments.

Subscribed.
Hi GVC

I hope all of you who have worked so hard to get the Basket system this far are OK with the new thread, I just didn't want to clutter up anyone elses thread, and KOS's thread is more towards the manual basket trade so I thought no need to clutter over there.
I should know in a week or two if the EA will work out.

Good Luck and thanks for all the insight into basket trading.
  • #9
  • Jan 8, 2013 10:59am Jan 8, 2013 10:59am
But where is the EA?
  • #10
  • Jan 8, 2013 12:37pm Jan 8, 2013 12:37pm
Attached Image (click to enlarge)
Click to Enlarge Name: Basket_1.jpg Size: 111 KB
  • #11
  • Jan 8, 2013 3:04pm Jan 8, 2013 3:04pm
I would be interested in the EA when its ready, sounds like it will be a good one.
  • #12
  • Jan 8, 2013 5:03pm Jan 8, 2013 5:03pm
Hi Seller,

count me in for hardcore testing

Diego
  • #13
  • Jan 8, 2013 9:57pm Jan 8, 2013 9:57pm
Quoting seller9
Attachment
H4 color change will always happen at last.
Is it really necessary to check M15 and H1 ?

Thanks
Ananth
  • #14
  • Jan 8, 2013 10:47pm Jan 8, 2013 10:47pm
Quoting ananthhh
H4 color change will always happen at last.
Is it really necessary to check M15 and H1 ?

Thanks
Ananth
H4 is used to determine the main trend.
M15 is used to get the best entry on the H1, you can get some 500 pip or larger swings, so if you enter at the wrong point on the H1 you could hit your Stop Loss before the PA continues in the same direction, so the M15 is used to avoid this and get the best entry rather than just jumping in at the first color change.
M15 is also used to get the best re-entry when you get kicked out of a trade on the H1 but the H1 trend resumes and H4 is still intact.
If you only want to trade just the H4 that is fine, but you will have larger draw downs to wait through, it would be kind of like being a stock buyer and buying and holding, why be in durring the draw downs.

The idea here is to get the best trades on the H1 and trade the trend on the H4 and avoid the whip saws on the H1.

Will see how it goes, thats one thing nice about using an EA, it removes the human factor and you can see if an idea will work or not. Then of course the best way to trade is the manual way as this is always better than an EA.

I will be running comparisons between this and just trading the H1 and using the HAS color change as entries and exits.

Thanks for the input and Good Luck
  • #15
  • Jan 8, 2013 10:57pm Jan 8, 2013 10:57pm
Quoting seller9
The order depends on the indicator, the regular HAS is one way and the HAS with alert is the other way in the way they are aranged but still mean the same thing. The ma is 15 and the method is 2, when you do a call from the EA to the HAS indicator the order needs to match with the order the indicator is looking for, so either way can be correct, depending on the indicator being called and some times I get them turned around.

So you are correct.
OK Seller , i got your point

waiting for your EA to test ,
  • #16
  • Jan 8, 2013 11:02pm Jan 8, 2013 11:02pm
Continuation of previous chart:

Attached Image (click to enlarge)
Click to Enlarge Name: Basket_2.jpg Size: 111 KB
  • #17
  • Jan 8, 2013 11:15pm Jan 8, 2013 11:15pm
eagerly waiting for EA seller9 looks pomising..
  • #18
  • Jan 8, 2013 11:27pm Jan 8, 2013 11:27pm
Here is how it should work durring a ranging period:

Attached Image (click to enlarge)
Click to Enlarge Name: Basket_3.jpg Size: 116 KB
  • #19
  • Jan 8, 2013 11:29pm Jan 8, 2013 11:29pm
Quoting seller9
H4 is used to determine the main trend.
M15 is used to get the best entry on the H1, you can get some 500 pip or larger swings, so if you enter at the wrong point on the H1 you could hit your Stop Loss before the PA continues in the same direction, so the M15 is used to avoid this and get the best entry rather than just jumping in at the first color change.
M15 is also used to get the best re-entry when you get kicked out of a trade on the H1 but the H1 trend resumes and H4 is still intact.
If you only want to trade just the H4 that is fine,...
I got your point clearly. I just wanted to know the actual intention of using multiple timeframes.
My understanding is

  1. H4 is used to know the actual trend
  2. M15 is used for multiple re-entry possibilities and to reduce the drawdown


My doubts are

  1. What is the exit criteria ?
  2. Is there any re-entry mechanism added, since you mentioned M15 helps in possible re-entries ?
  3. If H4 is red and H1 is blue, what this signifies ?


Am putting questions so that you will get more idea and i hope you can build much perfect EA.
All the best

  • #20
  • Jan 9, 2013 7:09am Jan 9, 2013 7:09am
good stuff!!!!
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