Another Basket EA

I had 3 trades over that drop. HTP was STILL at 500 (didnt reset it when I reloaded a set file after loading the newer version ).
So got 2 at HTP and 1 at HSL of 300. No JSP setting. HTP now at 1000 would have been similar result.
Still on 180 filter, so got in a little earlier.
Had a thought that it might be good to have a movable line for the filter. But would have to adjust it all the time, so current setup is better.

Good to hear the HAS is quicker than the Coral.

Still working on postable chart with alerts showing. Having probs at the edit stage and clearing the cropped edges.

cheers scalpz

Re-enrty from previous post.

EA just took a re-entry short trade from the previous closed trade, will see what happens, same settings as before, looks like dynamic pip filter was at 50 pips so re-entry was quick.

The Coral setup also just took that re-entry trade about the same as the HAS, so it just missed the first H1 HAS swing where the HAS changed quicker than the Coral.

I just set this up on Oanda MT4 demo account, let's see how it goes

Notice: I have made a few changes to the first page, before I had posted a link to KOS's page as a reference to basket trading. KOS has done a marvelous job with his thread and has shown many traders the way to make some money. Its to bad it got moved to the commercial section, thats the reason I deleted the link to it as I didn't want this forum to be thought of as a commercial site and get moved.

Everything I do is free to everyone once I see it works OK and if I do any EAs for others it is always with the understanding that it will be posted in the forum, I never ever charge for any of my work, it is always free, so if you see a knock off for sale, it has been stolen, and why should you pay for something that is free.

That being said, don't bombard me with requests for EAs with your Holy Grail system, lets just stick to one at a time, and I do think that KOS's idea with this basket system could be the one we are all looking for.

Of course, right now it is for 5 pairs only, but if it does seem like it may perform to a high degree, more pairs could be added and also your own selection of pairs, but first we need to get it tweaked (KIS) for the 5 fixed pairs before we add to many choices that make it impossible to trouble shoot with everyone trying so many different combinations of settings.

In the screen shot below I have changed my settings to give the PA more room to move around and am now waiting for a re-entry, possible short, unless everything reverses to the up side. Will see how going the safe route with M5, H1, H4, and a fixed pip filter of 250 works out.

I had 3 winners and 1 loser as shown in a previous post with tighter settings, but I believe by making the settings to allow for more PA movement may have kept me in a little longer, so fewer trades, after all, this is not a scalping EA and I can always drag the SL to a different spot if needed. You always have the option to use your gray matter to make the best you can of a trade, EAs are not the Holy Grail by all means.

The circled area on the chart is where you don't want to be whip sawed by to tight of settings.

Anyone else found any settings they like or has everyone blown out their account and given up and moved on to the next forum with the Holy Grail?????

Hey seller9, just to confirm, I just put this EA on the #kos#05, H1 chart that is an offline chart based on the GBPJPY, M1 chart and the EA will automatically trade the 5 static pairs right? I don't need to put this EA on multiple charts?

Yes, only put it on the H1 chart.

Good Luck

I'm still testing your EA, I havent had much time lately but I really like the idea of basket trading so I'm keen on getting it to work for me!
Ill letcha know if and when I find something!

hmm...if I understand correctly the OOTB trigger is change of color on the M5 while both the H1 and H4 are the same color, right? For some reason the EA didn't trade while these conditions were met on my MT4.

I am running the EA with the same settings as you on one live and one demo account and I had no trade on either of those accounts either and everything looks normal, my last trade was on the 26th at the end of that last H1 down run before the H1 turned blue. (shown in previous post #278)

After the M5 trigger the pip filter needs to get to +250 pips for a long trade or -250 pips for a short trade and all basket arrows must be pointing in the same direction, you are OK, we are still in a rangeing period and waiting for the market to decide which direction it will now go.

O, ok, thanks for the clarification, totally forgot about the pip filter, definitely awesome part though to bypass the ranging periods One interesting thing though, if you look at my chart, for the Filter(250): part, it doesn't show anything?

The pip counter only starts counting after a color change on the M5, if you make any changes once that color change is past you will need to wait for the next M5 color change to restart the cycle, this stops you from jumping into the middle of a cycle when restarting or changing any EA properties.

Version 5 update:

I am working on a version5 update to be released in another week or so, will be testing next week with probable release the following weekend.
In this version I am replacing the Hot Keys with Clickable Mouse Buttons and it will also include the Dynamic Pip Filter.

Here is what it will look like.

Version 5 Notes: (Not released yet)

Attached Image (click to enlarge)

looking good btw, do you have a trade explorer or myfxbook account for the EA's performance? I'm really excited about this EA, I've seen quite a lot and some really good ones, but this is the first I've seen with both a solid trading strategy plus a way to filter out the times the market ranges.

I keep trying different things and making changes so I haven't had the EA up and running long enough with no code changes to see what it will do. I have had short spurts of a day or two when it did real good but as I make changes I then do a restart, so I haven't had a long enough uninterupted time to see how it will do. The past few weeks have been sideways, so no trades have been entered.

Next week I hope to get a full week in on version 5 to see if I need to make any minor adjustments.

I am already thinking about version 6 and seeing if I can add something that will trade the sideways times in the market, I will probably do this by switching to the M5 solely as the trade chart.
I was experimenting with the idea with an M5 EA that looks at purely PA on the M5 and jumping in and out between the swing highs and swing lows, nothing else but PA highs and lows was tried and it did well despite the bugs, so will have to get back to that part now that version 5 is maybe done and ready for testing.

Then if the pip filter works the way I want it to I can use it to determine when the market is moving sideways and switch trading to the swings on strickly the M5.

Of course I was hoping to get more input from some of the others who have downloaded the present EA and have had a chance to test it.

Without support from forum readers the project could come to a halt.

Good Luck

Hmm...it may just be that you're in the wrong forum, FF is mostly for manual trading systems, not many EA systems here, so that might be why there's not a lot of interest. I would say most people here believe that any EA is destined to fail, even though most of the larger investment firms all use EA's to trade. Anyway, you might want to check out the Steve Hopwood Forex forum, you can google search it. You'll find a lot more resources for EA development and very friendly coders there to help you code as well as tons of people to test your EA on a variety of brokers and using a variety of settings. To be honest, I was very surprised to even see your EA thread here, lol.

And on a side note, if you need to test anything, I have a dedicated server on a 100mbit line running several copies of MT4 testing a variety of different EA's across a range of brokers. Let me know if you want me to setup a copy of MT4 on it to run a particular setting or several copies even.

BTW, when's v5 coming out? It'll be nice to have buttons to push instead of hotkeys

I have always believed that the best things should be simple. The best thing about basket is the simple 2 15 2 15 settings of HAS and I have trading basket along with KOS both core 5 and basket 14. The problem that kos and others were facing is that although there was signal to buy by HAS still sometimes they used to hit sl . so given this scenario it is not always 100 % sure . The system was very good but needed some fine tuning and that started the process of my research .

I still believe camarilla is the ultimate (seller9 if one could implement into a EA ) but to make this basket trading simple, if you see the same settings applied to basket applies to all individual currency pairs , so the should be able to trade both individual currency pairs and also basket . for it , the basket or currency pair should be same .


Now coming to simplicity .

This is what the EA should do

Task 1 :-

we put the EMA cross 5 21 on the screen which gives us a nice a arrow pointing the direction

suppose we get a BUY signal

Task 2 :- EA keeps a note of this and keeps checking for confirmation at each candle close at the bottom TMA Slope indicator ( which repaints )

initially when the ema gives the arrow , the tma will not be showing green or red color , but as the trade gathers momentum the color changes , EA has to just take the trade when the color changes and in the direction of the arrow


Meaning :- we get a buy arrow , EA draws a line vertical to the arrow and keeps checking for color change to green on the tma slope , a point will come when the color directly under the arrow as pointed by the vertical line changes to green . That is the entry for the ea.


Now suppose we trade for 1 h time frame then we put 30 pip sl and 30 pip tp. we just book it off or take sl for now . no further complications are needed.


I have been testing this in various time frames , basket and individual currency pairs and all have been going good to turn it into EA.

We should not loose sight of this whole things simply saying the tma repaints.

Hi Seller9

I have been following your thread from the beginning. Your trade filter is good to avoid testing period. So far what you have done is good. As you have said in the beginning follow the KISS.

I am a 14 basket trader. How do I modify your EA to 14 pairs? I am not familiar with the coding. If you can make changes for 14 pairs I would be thankful. Also it will help all other traders of 14 pairs.

Sampath
FxOptimus