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Basket Trading EA

  • #2,361
  • Feb 21, 2014 6:52pm Feb 21, 2014 6:52pm
Quoting jimbnc
Hey Sellar9, I know you have alot going on in the continued success of EA's. However, I used the version 16,v610 on the breakout (BO) strategy. I caught a great run up on the 4hr charts with the EUR7,C5,C14, and JPY7 baskets. I made 560 pips...I was wondering if you could add a pending order button on the EA, they could act like a BO lines if someone wanted to trade them in a news release. With the BO lines, you have to wait for the candle to close, just thought a pending order lines or button could catch a news release..Just a suggestion sir. Have...
Instead of creating more inputs what I will do is give the option on the BO to open a trade when candle closes above it or when PA hits it.

This way you could use either BO line, just delete the one on the chart you don't want to use.
  • #2,362
  • Feb 21, 2014 11:10pm Feb 21, 2014 11:10pm
Quoting seller9
{quote} Instead of creating more inputs what I will do is give the option on the BO to open a trade when candle closes above it or when PA hits it. This way you could use either BO line, just delete the one on the chart you don't want to use.
Wow, that is a great idea..Thanks Sellar...I appreciate that...When it becomes available, i will test that and report back so everyone can see.

Jimmy
  • #2,363
  • Feb 22, 2014 8:07am Feb 22, 2014 8:07am
Quoting seller9
{quote} Just a dumb question, but why would you want to use BO when the trade is already open?
Hi Seller9, this goes back to my original request (repeated below):

"A request I would liek to make if it is possible if you do get the time. I am looking at using the BO channel line as a kind of pending order. The issue though is that there is no way to set the TP or SL, as it would appear these lines can't be entered ('Add TL' or 'Add SL') unless a trade is already initiated. Would it be possible to add the TP and SL to a 'pending order'? Also. will it be possible to have a 'SL' line that acts like a sort of 'stop & reverse' line (i.e. stops out the original basket, and opens another basket order in the opposite direction?"

Like I have already stated. I am trying to trade the the basket without using indicators (HAS, IXOH etc) by just taking trades from one swing high/low to another (this is just an experiment, I am not saying it is a profitable strategy). So what I do is open a trade, place a SL under the swing low/high, but at the same place a type of pending order, so that if the trade gets stopped, an opposite trade will be initiated. The only way I could see doing this using your EA in it's present form was to use the BO channels to try and imitate a pending order line, unfortunately they do not seem to be working that way. I am able to add them (the BO channel lines) after I have opened a trade, with BT_14_v14 and MT4 5xx. but they do not seem to initiate a trade when they are hit. With the new EA and MT4 610, I am not even able to add them on the chart at all after a trade is opened.
I am not necessarily after the BO channels, I am just trying to use them as what I want is not available, which ideally would be a sort of 'stop & reverse' function (a line one can add to the chart after a trade is opened, where by if price hits the line, the present trade is closed, and a new trade is opened in the opposite direction.). Thanks
  • #2,364
  • Feb 22, 2014 10:47am Feb 22, 2014 10:47am
Quoting danjuma
{quote} Hi Seller9, this goes back to my original request (repeated below): "A request I would liek to make if it is possible if you do get the time. I am looking at using the BO channel line as a kind of pending order. The issue though is that there is no way to set the TP or SL, as it would appear these lines can't be entered ('Add TL' or 'Add SL') unless a trade is already initiated. Would it be possible to add the TP and SL to a 'pending order'? Also. will it be possible to have a 'SL' line that acts like a sort of 'stop & reverse' line (i.e....
I will be posting version 17 this weekend with the few minor changes along with a short video to show what I changed, I don't want to make anymore changes to this version but will do some looking around and see what I can come up with for your idea for maybe the next version. The changes in version 17 may help you some and give me a better idea of how to plan it.

If you have time maybe you can put together a screen shot with notes showing how you would want it to work.
  • #2,365
  • Feb 22, 2014 12:06pm Feb 22, 2014 12:06pm
Good morning seller9,
I have been pretty quite on this thread so far, just reading what everyone else has to input. I have been following for awhile and have read from post one to present a few times over. With the almost flat line in the FX these past 3 months this EA has performed very good, its the basket concept that I think is changing many of how we traded in the past. This EA has taken the human emotion out of trading, a big plus for me. Anyway, like most on this tread I have been experimenting and back testing, trying to find that perfect setting. I am on to something, I'm sure others too, but when I am finished with the back and now forward testing I will share with all with results. Please help me out here and confirm some definitions that I believe I have straight, but at times doubt comes on. I used to look at a radar screen for hours in the NAVY and after a while things and thoughts become blurred. So now I need to un-blur my mind from the MT screen. My understanding of the HAS, IXO1, and IXO2 function as they relate to entry and exiting is as follows: 1. When the HAS changes color and that first candle closes that is a cross... i.e. red to blue, then next candle is blue = HAS cross??? What is the definition of a HAS direction change? 2. Is that the same concept for the IXO1 & 2??? I.E. color turns and confirms by the next candle staying same color? Is direction when the second candle confirms in the same direction? Sorry this is so lengthily and to most elementary, I just need to make sure I have it right. Thank you for your time.
  • #2,366
  • Feb 22, 2014 12:23pm Feb 22, 2014 12:23pm
Quoting seller9
{quote} I will be posting version 17 this weekend with the few minor changes along with a short video to show what I changed, I don't want to make anymore changes to this version but will do some looking around and see what I can come up with for your idea for maybe the next version. The changes in version 17 may help you some and give me a better idea of how to plan it. If you have time maybe you can put together a screen shot with notes showing how you would want it to work.
Many thanks S9. Will try & do a screen shot. Thanks
  • #2,367
  • Feb 22, 2014 1:09pm Feb 22, 2014 1:09pm
Quoting Roger7777
Good morning seller9, I have been pretty quite on this thread so far, just reading what everyone else has to input. I have been following for awhile and have read from post one to present a few times over. With the almost flat line in the FX these past 3 months this EA has performed very good, its the basket concept that I think is changing many of how we traded in the past. This EA has taken the human emotion out of trading, a big plus for me. Anyway, like most on this tread I have been experimenting and back testing, trying to find that perfect...
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  • #2,368
  • Feb 22, 2014 2:26pm Feb 22, 2014 2:26pm
Seller9,
Thank you, that is what I thought for the cross. But I am being thick on the direction, sorry! This has been my point of confusion. Is not the direction (looking at the color of a closed candle) working the same way as the cross? When does a change of direction happen? When the candle closes after a change? If so is that not the same. Please forgive me, I'm not trying to challenge you in anyway, just trying to wrap my head around this. I have not been using any direction setting because of my thinking that it acted the same as the cross. Again, thank you for your time.
  • #2,369
  • Feb 22, 2014 2:46pm Feb 22, 2014 2:46pm
Quoting Roger7777
Seller9, Thank you, that is what I thought for the cross. But I am being thick on the direction, sorry! This has been my point of confusion. Is not the direction (looking at the color of a closed candle) working the same way as the cross? When does a change of direction happen? When the candle closes after a change? If so is that not the same. Please forgive me, I'm not trying to challenge you in anyway, just trying to wrap my head around this. I have not been using any direction setting because of my thinking that it acted the same as the cross....
Yes, the HAS and the IXOs work the same.

A HAS or IXO direction change only happens after a confirmed cross.

The direction can be any candle as long as it is closed.
  • #2,370
  • Feb 22, 2014 2:50pm Feb 22, 2014 2:50pm
BT_14_v17_610et has been posted on the first page.
Here is a video of just the changes.

One thing I forgot to mention when using the EA, NEVER close the platform before you stop all EAs that may be running on that MT4, this crashes the robot, so stop all robots before shutting down the platform.

Inserted Video
  • #2,371
  • Feb 22, 2014 5:20pm Feb 22, 2014 5:20pm
Quoting seller9
BT_14_v17_610et has been posted on the first page. Here is a video of just the changes. One thing I forgot to mention when using the EA, NEVER close the platform before you stop all EAs that may be running on that MT4, this crashes the robot, so stop all robots before shutting down the platform. http://youtu.be/F5yaAQtX8J4

.....thank you seller9.
You do good, Good will come to you. Self deception never succeed.
  • #2,372
  • Feb 22, 2014 7:35pm Feb 22, 2014 7:35pm
Quoting seller9
BT_14_v17_610et has been posted on the first page. Here is a video of just the changes. One thing I forgot to mention when using the EA, NEVER close the platform before you stop all EAs that may be running on that MT4, this crashes the robot, so stop all robots before shutting down the platform. http://youtu.be/F5yaAQtX8J4

this thing misses out on huge trends.. puts you in at the end of it. that's why it's best to create your own personal baskets.
  • #2,373
  • Feb 22, 2014 8:08pm Feb 22, 2014 8:08pm
Quoting seller9
BT_14_v17_610et has been posted on the first page. Here is a video of just the changes. One thing I forgot to mention when using the EA, NEVER close the platform before you stop all EAs that may be running on that MT4, this crashes the robot, so stop all robots before shutting down the platform. http://youtu.be/F5yaAQtX8J4


This Ea is just getting better and better.

  • #2,374
  • Feb 22, 2014 8:11pm Feb 22, 2014 8:11pm
Quote
this thing misses out on huge trends.. puts you in at the end of it. that's why it's best to create your own personal baskets

I've been running over some charts back testing yesterday & today just quickly and to me it appears that entry4 gives some good entry's in a trending market.

you may want give it a look at. let us know what results it gives you. or

Mr pips your coming with me
  • #2,375
  • Feb 22, 2014 8:49pm Feb 22, 2014 8:49pm
Quoting FXprobe
{quote} I've been running over some charts back testing yesterday & today just quickly and to me it appears that entry4 gives some good entry's in a trending market. you may want give it a look at. let us know what results it gives you. or

thanks i'll give it a try when the markets open this week
  • #2,376
  • Feb 22, 2014 8:56pm Feb 22, 2014 8:56pm
wait.. how do you backtest this thing ?
  • #2,377
  • Feb 22, 2014 9:58pm Feb 22, 2014 9:58pm
Quote
wait.. how do you backtest this thing ?

All I've been doing is set up a chart with which ever basket that you want with the time frame that you trade ( I prefer the H1) set max candles to say about 2400 that'll give you 100 days them I manually go back and look for all the entry signals and mark them on your chart. Also mark your MFE and MAE so to give an idea as to which signals give the better potential return.

From their you should have at least 100 or more long & short trades I will then copy the information onto a spread sheet along with ADR & ATR for the last 66 days (approx. 3 months trading) then play around with these figures and see if I can work out some TP & SL distances that have a good expectation of being reached.

Mr pips your coming with me
  • #2,378
  • Feb 23, 2014 7:47am Feb 23, 2014 7:47am
Quoting seller9
BT_14_v17_610et has been posted on the first page. Here is a video of just the changes. One thing I forgot to mention when using the EA, NEVER close the platform before you stop all EAs that may be running on that MT4, this crashes the robot, so stop all robots before shutting down the platform. http://youtu.be/F5yaAQtX8J4
Awesome! Thanks for all your hard work and for accommodating my requests!
  • #2,379
  • Edited 12:19pm Feb 23, 2014 9:11am | Edited 12:19pm
Quoting FXprobe
{quote} I've been running over some charts back testing yesterday & today just quickly and to me it appears that entry4 gives some good entry's in a trending market. you may want give it a look at. let us know what results it gives you. or
Entry 3 works good for pull backs when you get kicked out of a trend or maybe missed the start.
I like to use Entry 0 = HAS cross, IXO1 and IXO2 same color along with Entry 3, this seems to be a good combination with the right HAS and IXO settings.

Good luck
  • #2,380
  • Feb 23, 2014 4:43pm Feb 23, 2014 4:43pm
Minor bug fix in version 17.

I just noticed when the basket would Gap on the market open and you would open a manual trade and place a TP or SL on the chart it could be placed in the wrong place and cause the trade to close due to the Gap.

I have fixed it and uploaded the fixed version to the first page.

99% of you probably would have never noticed it, but to be safe re-download from the first page, it still has the same version number.
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