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Basket Trading EA

  • #3,321
  • Mar 31, 2014 3:16am Mar 31, 2014 3:16am
Two trades, entered this morning:
Attached Image (click to enlarge)
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Both in profit, looking good. TP set at around 350 pips in both, other exit is HAS cross with 30 pips.
  • #3,322
  • Mar 31, 2014 5:22am Mar 31, 2014 5:22am
Quoting steadyincome
{quote} Here is a FF web site that has a lot of scripts, number 32 in the list, just scroll down, should help you, there are many others there as well. But the rapid fire has 10 pairs, and magic number, just use with the same Magic and the BT Ea should manage all your trades. I have a script which is owned by another coder, and I can not give it to anyone, but the Rapid Fire should be a big help. http://www.forexfactory.com/showthread.php?t=193727
Good morning,

I tested this script a minute ago, cause I'm in a C5 Basket situation, what allow me to add.
So I set up the same magic number, as used in my basket. Its working but the EA will not manage all trades. It switched the numbers (win/loss) to the new trades.
I'll see later, if the EA will close all trades or not.
All in all, this is not a big issue, cause we only add, if we are in front of the screen, nothing to worry. Just to mention.

Attached Image (click to enlarge)
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Have a nice day
Markus
  • #3,323
  • Mar 31, 2014 7:07am Mar 31, 2014 7:07am
Quoting bzyqe
This is my first trade with this EA. Where should I look for a exit point? {image}
I am still in and I don't have idea when shoudl close it
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  • #3,324
  • Mar 31, 2014 7:10am Mar 31, 2014 7:10am
Quoting bzyqe
{quote} I am still in and I don't have idea when shoudl close it {image}
Change your HAS to 2-8-2-3 and exit by HAS close, 30 pips below. You'll give some profit back but at the moment it looks for more pips to the upside. With your actual settings, I would not exit with the HAS, cause its too far away.
  • #3,325
  • Edited 9:03am Mar 31, 2014 8:46am | Edited 9:03am
So, after adding positions with same magic Number, the EA finally closed all 10 positions at stoploss. This works. Added positions closed around breakeven, initial positions closed with around +120 pips. Good start in the new week. JPY7 basket sill running.

Attached Image (click to enlarge)
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Edit says: Reentered C5 long right now.
  • #3,326
  • Mar 31, 2014 9:59am Mar 31, 2014 9:59am
JPY7 closed via HAS exit. 30 pips below. Anyway a nice 312 pips catch.

Attachment

C5 closed manual for price action in wrong direction. Saved a little profit here.

Attachment
  • #3,327
  • Mar 31, 2014 1:09pm Mar 31, 2014 1:09pm
was there a meeting yesterday? there was no meeting link posted on here or emailed out? If not is there plan to have one sometime during the week pending whether seller9 is able to attend??. Happy pip hunting this week.
Look to the LEFT of your CHART.....
  • #3,328
  • Edited 8:10pm Mar 31, 2014 7:31pm | Edited 8:10pm
Just had this 3ducks idea when I woke up. What if we try to set up 3 charts for a basket, 1st Daily TF, 2nd 4HR TF, 3rd, 1HR TF.
1) Long setting only on the H1, only when H4 and D1 are both above the HAS (vice versa for shorts)
2) Can be applied also on other TF using same method.
3) Exits/TP on next resistance on the higher TF of your trading TF. or other exit methods you find personally effective.

Will try and give a go soon...
  • #3,329
  • Mar 31, 2014 8:02pm Mar 31, 2014 8:02pm
Quoting Patmontes
Just had this 3ducks idea when I woke up. What if we try to set up 3 charts for a basket, 1st Daily TF, 2nd 4HR TF, 3rd, 1HR TF. 1) Long setting only on the H1, only when H4 and D1 are both above the HAS (vice versa for shorts) 2) Can be applied also on other TF using same method. 3) Exits/TP on next resistance on the higher TF of your trading TF. Will try and give a go soon...
I like it! So is the EA only on the 1h chart with just the indy's on the 4h and daily? So those to charts become an indy chart to get in the 1h? Am I understanding that correctly? What basket are you looking at?
  • #3,330
  • Mar 31, 2014 8:09pm Mar 31, 2014 8:09pm
Quoting Roger7777
{quote} I like it! So is the EA only on the 1h chart with just the indy's on the 4h and daily? So those to charts become an indy chart to get in the 1h? Am I understanding that correctly? What basket are you looking at?
Yep that's right! EA only on the 1h Chart and indy's on the 4H and D charts for guidance on how to get in the H1 chart.

It won't be really automatic robot trading and would require every day check to see what is happening on the H4 and D charts so we can set the Long/Short only on the H1 chart EA.
  • #3,331
  • Mar 31, 2014 8:44pm Mar 31, 2014 8:44pm
Quoting Patmontes
{quote} Yep that's right! EA only on the 1h Chart and indy's on the 4H and D charts for guidance on how to get in the H1 chart. It won't be really automatic robot trading and would require every day check to see what is happening on the H4 and D charts so we can set the Long/Short only on the H1 chart EA.
I will give it a shot, and let you know results, thanks
  • #3,332
  • Mar 31, 2014 9:09pm Mar 31, 2014 9:09pm
Quoting Roger7777
{quote} I will give it a shot, and let you know results, thanks
cool thanks!

I'll be able to try it out later when I get home from Work (9 hours from now)
  • #3,333
  • Mar 31, 2014 11:50pm Mar 31, 2014 11:50pm
Quoting Patmontes
Just had this 3ducks idea when I woke up. What if we try to set up 3 charts for a basket, 1st Daily TF, 2nd 4HR TF, 3rd, 1HR TF. 1) Long setting only on the H1, only when H4 and D1 are both above the HAS (vice versa for shorts) 2) Can be applied also on other TF using same method. 3) Exits/TP on next resistance on the higher TF of your trading TF. or other exit methods you find personally effective. Will try and give a go soon...
Is that not what IXO2 is for? To 'mimic' the higher timeframe?
So in effect you could then use 3 x IXO indies and set them for the 1h 4H and D, and only trade when all 3 are in agreement.
I imagine you will get into trades very late (especially if you are trading the 1H only) and miss out on a large slice of pips also.
  • #3,334
  • Mar 31, 2014 11:59pm Mar 31, 2014 11:59pm
Quoting Pip Poppy
{quote} Is that not what IXO2 is for? To 'mimic' the higher timeframe? So in effect you could then use 3 x IXO indies and set them for the 1h 4H and D, and only trade when all 3 are in agreement. I imagine you will get into trades very late (especially if you are trading the 1H only) and miss out on a large slice of pips also.
You have a valid point there as well. HAS of your TF, then tie up with IXO1 and IXO2 for the higher TF's, then visual confirmation of the baskets of the Higher TF's if above or below their respective HAS.
  • #3,335
  • Apr 1, 2014 9:18am Apr 1, 2014 9:18am
Quoting Patmontes
Just had this 3ducks idea when I woke up. What if we try to set up 3 charts for a basket, 1st Daily TF, 2nd 4HR TF, 3rd, 1HR TF. 1) Long setting only on the H1, only when H4 and D1 are both above the HAS (vice versa for shorts) 2) Can be applied also on other TF using same method. 3) Exits/TP on next resistance on the higher TF of your trading TF. or other exit methods you find personally effective. Will try and give a go soon...
You make a good point, this would be a top down approach, that is kind of what the 2 IXO settings do now, IXO2 being for the higher time frame.

I could even add a third IXO, IXO1 would be the time frame the EA is on and IXO2 and IXO3 would be the next two higher time frames.
You would then maybe use IXO1 as your entry signal when IXO2 and IXO3 confirm.

Also possible would be using the HAS on the two higher time frames instead of IXO2 and IXO3, of course you would have to generate offline charts for each of the time frames.

Let us know how your testing works.

Good Luck
  • #3,336
  • Apr 1, 2014 12:45pm Apr 1, 2014 12:45pm
The System AS IS, is a wonderful tool. The Has and IXO Settings need to be adjusted to the personal needs but then you get a powerful tool with a high successrate.

Everything more usage of indicators just brings more confusion, less trades and makes everything more complicated.

More Indicators are just more usage of historical data. The present chart is history. It may help but there will never be a holy grail. Even if we are really close to it.

Keep this thing like it is. A littke tweaking is always good but please do not add more indicators. Some people trade with blank charts, successful. So it may help, but in the worst, you do not find any entry what you trust anymore. Ok, then you are out of any risk. For sure.

Kind regards
Markus
  • #3,337
  • Apr 1, 2014 3:49pm Apr 1, 2014 3:49pm
Thanks to your Hard work, but sad thing I heard on youtube meeting "the Club" tried to make private and they suggest going commercial. Thanks again GBU.
  • #3,338
  • Apr 1, 2014 4:49pm Apr 1, 2014 4:49pm
Quoting tomlipton
Thanks to your Hard work, but sad thing I heard on youtube meeting "the Club" tried to make private and they suggest going commercial. Thanks again GBU.
What are you talking about???
  • #3,339
  • Apr 1, 2014 4:52pm Apr 1, 2014 4:52pm
switched to the 1hr charts this week and only taken chf trades today, will post result when it closes.
Look to the LEFT of your CHART.....
  • #3,340
  • Apr 1, 2014 5:14pm Apr 1, 2014 5:14pm
Quoting tomlipton
Thanks to your Hard work, but sad thing I heard on youtube meeting "the Club" tried to make private and they suggest going commercial. Thanks again GBU.
1-st April are FOOLISH day!!! Ahhaaa
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