M15 Basket Trader EA

Update information on version 2 due out this weekend and how to use the "Trnd Brk" Button.
In version 1 this function is not working properly but has been fixed and tested in version 2.

The "trnd Brk" Button only works when you have an open live trade in progress, otherwise the button does not work.
This trend line is only used as an exit signal, not as a buy signal.

This first screen shot shows an active long trade in progress, this is not the correct entry point so I did a manual entry to get an active button to demonstrate this button.
You can see the button is gray.



In this next image I have clicked once the "Trnd Brk" Button and it turns Sky Blue and a line appears on the screen.
You must now double click this line to make it active.
Once active you can move this line and put it where ever you want it.
You can ajust it as a trend line or even make it horizontal if you like, just remeber it is only for an exit.



In this next image I have moved the trend line to where I would have placed it 4 or 5 candles previously, this is not where you would put it durring the trade as it would trigger an exit right away.



Now that I have the line where I want it this next image shows you what happens when you click the button again.
The button turns yellow, the same color as the line showing you that it is active, and in this case will trigger a close as soon as I click the OK button bacause as you can see the previous candle has closed below it.



This next image shows the pop up that says the trend cross by the previous candle close has closed the trade.
The button will then go back to gray in color after I close the pop up.




Just remember that since this is a long trade the previous candle must close below this line for the EA to exit the trade.
For a short trade the previous candle must close above this trend line.

Update information on version 2 due out this weekend.

This time I will explain how to use the Break Out bands, channel or trading range, what ever you want to call them.

These lines can be set up on a chart when it looks like the basket is in a trading range and you would like to have the EA watch for a BO and take the trade if one happens. You can move these lines around by double clicking them and then moving them.
In most cases you want to make sure no other entry properties are set to true as they may not happen at exact time of the BO, like the HAS trigger, the trend may be OK, it just depends on your settings.
The BO signal is given when the previous candle closes above or below the channel lines. This BO signal is only present for one candle and on the next candle will no longer be present.

This first image is just a regular chart with no trade present. You can also place these lines on a chart after the trade is open, just like the trend line.



In this second image I have clicked the "Chn BO" button and the two magenta lines appear with the pop up box and the button turns Sky Blue.



Now you double click each one of these lines and move it where you want it to be on the chart, in this case just for demonstaraton I am trying to simulate a channel in this next image.



After I have moved the lines to where I want them I click the button again and they are now active and will open a trade if closed above or below, the button is now also magenta in color.



Once these lines are active I can move them around durring a trade if I want to reposition them to a better price.
When moving them be careful so you don't accidently take a trade while moving the lines into the PA.
As you can see in this next shot I have moved the top line into a position that will trigger a long trade as soon as I turn live trading back on the trade will be taken.



In this shot I turned live trading back on and the long trade was taken. This example was just to show what happens when a trade is taken, you should not place either line in a postion like this, only for testing.

Hello seller, how is the ea managing the trade when using the bo channel.

It uses what ever you have set up for exit signals.

Did anyone manage to get into the up trend we are presently in?

Seller9,

i tried the m1 trading setup you demoed earlier with the core 5 default basket instead of the jpy basket and its the same thing..

HAS Trend true...no trades taken....weird.

any chance u could release the v2 right now bro? trying to get the HAStrend to work on v1 is driving me nuts...LOL..

hope i can test the v2 today b4 market closes. thanks again!

Seller9, can u pls share the set file that u used on that m1 demo trade u did previously? i want to be sure i get it right when i try the v2 version.

i use randommagic false, usehasentry true, usehastrend true, useichientry false, useatrhtsl false, use hasexittrue, the rest are the HAS settings.

Seller9,

back to that m1 demo of the v1 ea, with HAStrend true....simply no trades no matter what..i got tired of waiting for a trade to be triggered on the m1 chart so i went to ea properties and switched HAStrend to false...immediately there were trades cos the HAS keeps changing on m1.

i hope the v2 solves the problem...on the basket105v5 ea, no matter what settings i put in the HAS multitime frame properties, the trades were always spot on based on the HAS inputs so i was quite sure there would be no issue with this v1 ea so kept trying to make the HAStrend work but to no avail.

cant wait for your v2 version of this great ea!

Here it is give it a try, it still can have some minor quirks in it and there may be some things that I haven't explained yet.

On thing is the "UseCandleType1" all this does is have the EA when making a trade make sure the candle is "GREEN" for a long trade ("Close>Open") and Red for a short trade ("Close<Open") for the trigger candle. This will save you from a few bad entries but not all of them.

Later on I may add more choices for different types of candle pattern entries.

I mostly leave this at the true setting.
Also remember the "Trnd Brk' and the "HTSL" buttons only work when a trade is already open.

Good Luck

ok great!

fully appreciated man!

Seller9,

ok i put the v2 on the m1 chart for demo using the HASTREND TRUE and it looks like the trade triggers at the right time..great!


i set the USEHASexit to true n USEatrsl to false in my settings...but the atrsl still activates when the basket fires....so what i did was i dragged the atrsl line far away...and in a few minutes the ea alert popup says my basket was closed by my HAS exit which is correct but the ea does not hunt for new trades after that.

it still says "long basket" with the yellow smiley face...appears to be stuck in the previous trade which was closed by HASexit.

after that, the HAStrend changes to a short but no trade was taken when HAS trigger was met.

so the ea opens the trade at the right time, then exits at the right time but after the exit it stops hunting for new trades...very weird. its like the ea does not "reset" or "re=initialize" after it closes the basket.

any chance u could share the setfile u used yesterday to demo the m1 basket?

also,

my ea readout is different from yours when u took the m1 demo yesterday,
mine does not have the "H A S T : 1 " or " H A S T : 2" readout on it. maybe some kinda bug involved.

That was the test version which I have different things displayed to check to see what is going on, those are not present in the final version 2 you have.

I am running the test right now so will see what happens if there are enough trades before the market closes.

The only thing I had different when I tested yesterday was I was using the atr HTSL set to true.

I will try it with it set to false and see what happens.

In yesterdays tests it did open and close trades one after the other.

If all seems to be ok I will post the set file just to make sure we are using the same settings.

M1 update.

It just took a short trade. Will see what happens next.

OK, it looks like the atr HTSL did activate even though I have it turned off, I will check that out.

M1 update

First short trade closed by HAS
Now another short trade just opened.

Seems to be OK so far accept for the atr HTSL activating on a trade open, I need to do some more checking into that.

OK, now I see the problem in the code with the atr, will fix it in version 3 and will post this weekend, but so far it has been OK when it opens and closes trades.

Seller, when using the bo channel lines wouldn't it be much easier to manage the trade

with regular stoploss, breakeven and take profit options. What do you think?

Here is version 3 with the atr HTSL setting fixed and also the set file I used to test it on M1.

The last short trade is still open.
Don't mind the version number on the chart.

Seller9,

thanks for your help in this matter ..fully appreciated!

i found out on v2, if i set the HASexit to false, the hatrsl to true n the HAStrend to true, it does work well meaning the trades close by the HTatrsl,
and when there is a trend change, trades trigger accurately. i observed the HTatrsl and it looks really sharp....maybe that is better than the HASexit?


since it keeps tightening the stops , losses should be kept small....in your experience, is the htatrsl better than the HASexit ?

so if we enter on m5, using h1 HAS as filter, with the HTatrsl, we have multiple opportunities to profit from the h1 trend with small risk since the htatrsl tightens stops n trails the profit very well...assuming we get shaken out of the h1 trend, our m5 entry will bring us back in soon enough i believe .

have u tested something like this Seller9? this might potentially be more profitable than using the h1 HAS exit on m5 HAS trigger.

Hopefully by my posting the EA we can get more traders to try different ideas and maybe come up with ideas to add to the EA to make it better.

The idea is to spend more time away from the computer screen and let the EA do most of the work with just a little intervention once in awhile.

Good luck and lets hope we get more input from those who have downloaded the EA.

Seller9,


i think the advantage of the htatrsl over the HAS exit is that in tight whipsaw periods, the losses should be much smaller because of the trailing and in trends,

the htatrsl would profit in the same way as HAS exits but it might exit earlier....that is a trade off worth having if it saves the account from the whipsaws when it happens.

have u tried the htatrsl in an ugly whipsaw period? even if we followed the HAS h1 exit , the losses can be substantial in whipsaws cos of the lack of trailing stops when the HAS becomes essentially a horizontal line . if we were to deploy the htatrsl instead, i believe most of the losers will breakeven which would be fantastic.

Seller 9,

ok an update on the tests i been running on v3, on the m1 basket, using has entry and has trend n has exit, the trades trigger but sometimes after the basket closes and the has trend changes, the ea simply hangs...does nothing....so we r back to square one.

sometimes it does work meaning it resets itself after a basket closes but sometimes it does not..so the basket closes n after that ea does nothing at all.

i really dont know what the issue is, but i think the basket 105v5 seems more reliable in that it has always fired trades accurately...only thing is the infinite loop of ea msgs on that one that causes high cpu usage.

so Seller9, would it be possible for you to solve the infinite loop msg on bskt 105v5 ea? sorry to ask again , but i've honestly run a huge amount of tests on this new v1,v2,v3 ea but somehow i can't get it to work reliably.

anyone has any feedback? would be appreciated.