DislikedHere is another example of how the EA works with the different Entry Rules. {image}Ignored
BTW, you are using EA version 5 which I think you are still experimenting because in the first post is still v4. Right?
Cheers!
Looks like the Administrator has fixed the thread so we can get back to work. The next version of the EA will be out this weekend with the changes shown in the screen shot below. I don't have time to update the manual at this time but you should have no problem in seeing what i have done. I hope these changes address some of the changes that have been asked for. [...] {image}
- #545
- Oct 18, 2013 8:57am Oct 18, 2013 8:57am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
{quote} @seller9, the new EA you are going to release this weekend has the capability to reverse any two pairs designated as Pair 1 and Pair 2. Are we talking about correlation and the EA will trade the pairs in opposite direction? If this is the case, I hope the EA can determine which pair goes Long and which one is Short, either in automated trades or manual
If you set pair 1 or 2 to reversal then if a long trade is opened these 2 would take a sell instead of a buy like the rest of the basket.
If you know of a way to automate it let me know, I am still looking and trying different things.
Good Luck
- #547
- Oct 18, 2013 9:14am Oct 18, 2013 9:14am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
For those asking about making pair trade direction automated, here is something else I am looking into, it is the TDI which a lot of traders use when trading single pairs.
Would this tell us which way to trade a pair when a basket is opened?
Will look it over this weekend and see if it could.
In a previous post I showed where I was looking at the IXO 800 on the H1 for each pair but that didn't seem to work as the numbers didn't agree with what the charts and basket were showing me.
Anyone with a tried and true way please let the rest of know.
Good Luck
Would this tell us which way to trade a pair when a basket is opened?
Will look it over this weekend and see if it could.
In a previous post I showed where I was looking at the IXO 800 on the H1 for each pair but that didn't seem to work as the numbers didn't agree with what the charts and basket were showing me.
Anyone with a tried and true way please let the rest of know.
Good Luck
- #549
- Oct 18, 2013 9:36am Oct 18, 2013 9:36am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Here is another example of just what different settings will do for the same chart as previously shown, of course you never know the outcome so you have to use your best judgment (guess) as to what to use before hand.
{quote} Before you comment on my question, it might be wise to ask the intent. Here's a clue...lay an H1 GJ template over either a 14 pair or the core5. I think you'll see the "intent".
Basket trading strategy is to predict/calculate the movement of overall pairs in the basket. My suggestion is if you want to test single currency one by one, what you can do is to keep track of the entry/exit day and time according to the Basket EA on 14 pairs and use that entry/exit point to the currency pair you are backtesting. Maybe that way, you can see the pattern of which currency goes the same way the EA does, and which currency goes the opposite direction. My intention is, by doing that maybe we can set the identified pairs that goes the opposite way, to be in the Reversal list like what Seller9 is trying to achieve. Anyway, it is just a suggestion..
- #557
- Oct 19, 2013 10:37am Oct 19, 2013 10:37am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
{quote} Okay SD, I am sorry for not asking your intention. Now, what is your intention?
What I did was take the start and stop date and time of a 14 pair basket on the H1 time frame and place these same start and stop time lines on each pair of the basket, also on the H1 time frame. I was trying to get an idea if it was wise to reverse certain pairs or even enter each pair into the basket trade when it was going in the same direction as the basket. From what I saw it didn't work to always reverse the same 2 "CHF" pairs, as sometimes they went with the basket and other times against, so I am now looking for a way to tell the direction of each individual pair and then maybe enter them into the basket that way. I have tried the IXO 800 on the H4 on each pair but found it didn't work the way I wanted it to. I am now trying the TDI on each H1 pair to see what it shows, you can see this on one of my recent screen shots, the green and red numbers, maybe even simple moving averages would give us a hint. If we can find a way that also gives us an idea of the strength of the movement of a pair we could also add to the pair that is showing a stronger movement than the rest of the basket pairs.
After looking at a lot of the H1 pair charts it it also true that sometimes a pair will start off in the opposite direction to the basket but than by the time the basket closes it has turned around to be going in the same direction as the basket.
I hope we can as a team put our heads together and see if this type of basket trading is possible or has been tried and everyone has just gone back to trading the basket pairs all in the same direction.
All input and ideas on this are welcomed and appreciated.
Good Luck
Version 5 will be out later this weekend
{quote} That is what I have been playing around with for a while now and haven't come up with an answer yet so maybe others can also give it a try. What I did was take the start and stop date and time of a 14 pair basket on the H1 time frame and place these same start and stop time lines on each pair of the basket, also on the H1 time frame. I was trying to get an idea if it was wise to reverse certain pairs or even enter each pair into the basket trade when it was going in the same direction as the basket.
{quote}From what I saw it didn't work to always reverse the same 2 "CHF" pairs, as sometimes they went with the basket and other times against, so I am now looking for a way to tell the direction of each individual pair and then maybe enter them into the basket that way.
{quote}I have tried the IXO 800 on the H4 on each pair but found it didn't work the way I wanted it to. I am now trying the TDI on each H1 pair to see what it shows, you can see this on one of my recent screen shots, the green and red numbers, maybe even simple moving averages would give us a hint. If we can find a way that also gives us an idea of the strength of the movement of a pair we could also add to the pair that is showing a stronger movement than the rest of the basket pairs. After looking at a lot of the H1 pair charts it it also true...
{quote}Good Luck Version 5 will be out later this weekend