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Basket Trading EA

  • #3,361
  • Apr 2, 2014 1:38pm Apr 2, 2014 1:38pm
here's my current positioning, HAS exit. Trade was triggered last night
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  • #3,362
  • Apr 2, 2014 1:49pm Apr 2, 2014 1:49pm
Quoting guro
{quote} Seller9 I was referring to the pic you uploaded earlier, mine is doing the same, I have plenty of history.......I think. {image}
Use version 9
  • #3,363
  • Apr 2, 2014 1:59pm Apr 2, 2014 1:59pm
Trading is a lonely and boring business. Especially when you have an EA making all your trades.
  • #3,364
  • Apr 2, 2014 2:28pm Apr 2, 2014 2:28pm
Quoting seller9
{quote} In the present version 20 the basket stars don't take into account any reversed pairs, so in your case the stars cancel each other out because of their color. I will look into it for a future version to see about fixing this. Just be aware that your chart does not represent the true chart when you reverse pairs and won't give you a true picture of what is going on with the trade. The P/L will be correct though.
Seller, take a look at this basket chart creator indicator http://www.forexfactory.com/showthre...64#post7292464

It's a guy from Kos thread who made a basket creator, where you can actually inverse pairs. So you can create a perfect NZD 7 or USD 7 chart.

I use it for some of my baskets and it's working great, although has some unpleasant bugs in it. If you could implement that pair inversion feature in your basket creator, it would greatly improve it.
MQL5 Market products 10 times cheaper? Yes, we can help. Send us a PM
  • #3,365
  • Apr 2, 2014 3:36pm Apr 2, 2014 3:36pm
well that sucked, i'm guessing price will retest some highs or we just haven't changed trend yet. nice bit of support around 298.32
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  • #3,366
  • Apr 2, 2014 3:59pm Apr 2, 2014 3:59pm
yup, still bullish, broke out of a resistant range, you can see it on the 4h.
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  • #3,367
  • Edited 8:42pm Apr 2, 2014 6:42pm | Edited 8:42pm
Has anyone upgraded to the new MT4 build 625? If so how is it working with the EA? I keep on being prompted to update, I just say no!
  • #3,368
  • Apr 2, 2014 9:37pm Apr 2, 2014 9:37pm
Quoting seller9
{quote} 1) When you open a (Long) trade and your profit >+ 0.00, this price point on the chart gets stored in the EA as the BE point. 2) Now the price has to go into profit the number of pips you have set in "BreakEvenPipsEachPair" + "BreakEvenOffsetPips" before the BE line will be placed on the chart, the BE line must be on the chart before the EA will exit the trade using it. 3) If you are at a loss but the price did move enough into profit, #1, before going negative then when you activate the BE button the same will need to be met as stated in...
thanks seller!
  • #3,369
  • Apr 2, 2014 10:04pm Apr 2, 2014 10:04pm
Quoting allisonmagic
well that sucked, i'm guessing price will retest some highs or we just haven't changed trend yet. nice bit of support around 298.32 {image}
that's my current problem too... not sure whether a TSL or a HAS X is the better exit..

I have yet to try the TP setting it on the next resistance on the higher TF.
  • #3,370
  • Apr 2, 2014 10:06pm Apr 2, 2014 10:06pm
Quoting Patmontes
{quote} that's my current problem too... not sure whether a TSL or a HAS X is the better exit.. I have yet to try the TP setting it on the next resistance on the higher TF.

on a 15m you need a tight SL. i put mine at 13 pips each, 10 for the stop and 3 to account for spread. on a bigger TF, like 4h, you can use the HAS
  • #3,371
  • Apr 2, 2014 10:23pm Apr 2, 2014 10:23pm
automatic by HAS
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  • #3,372
  • Apr 2, 2014 10:33pm Apr 2, 2014 10:33pm
Quoting Patmontes
{quote} that's my current problem too... not sure whether a TSL or a HAS X is the better exit.. I have yet to try the TP setting it on the next resistance on the higher TF.
How about looking at a IXO2 cross exit?????? I'm testing a IXO1 and 2 direction entry and a IXO2 cross exit. 3600 pips the last 30 days.
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  • #3,373
  • Edited Apr 3, 2014 12:12am Apr 2, 2014 11:31pm | Edited Apr 3, 2014 12:12am
Quoting Roger7777
{quote} How about looking at a IXO2 cross exit?????? I'm testing a IXO1 and 2 direction entry and a IXO2 cross exit. 3600 pips the last 30 days. {image}{image}
looks neat chart you have there man.. 3600 is net of the choppy portions of alternating buy sell periods?

Do i see right that your entry is only the direction of your IXO1 and IXO2 then IXO2 cross as exit?

I can see you tweaked your IXO1 and IXO2 very well to fit how the chart moves... nice!!!
What happens when IXO1 and IXO2 lines up same direction to the opposite direction when you have an open trade? I imagine, the robot will close the open trade due to the IXO2 cross, then execute opposite trade because IXO1 and IXO2 line up?
  • #3,374
  • Apr 3, 2014 12:12am Apr 3, 2014 12:12am
Quoting Patmontes
{quote} looks neat chart you have there man.. 3600 is net of the choppy portions of alternating buy sell periods? Do i see right that your entry is only the direction of your IXO1 and IXO2 then IXO2 cross as exit? I can see you tweaked your IXO1 and IXO2 very well to fit how the chart moves... nice!!!
Yes Sir to all! There was only a net loss of about 200 pips through the ranging. +1700, +600, and 1300 were three of the big gains. I have been banging my head like most here since the beginning of the year. This is what works for me the best out of all other combinations I have tried. I'll post my results next month. We shall see. I forgot one important setting, "take only one trade per candle" set to false. Map it out, it works!
  • #3,375
  • Apr 3, 2014 12:45am Apr 3, 2014 12:45am
Quoting Roger7777
{quote} Yes Sir to all! There was only a net loss of about 200 pips through the ranging. +1700, +600, and 1300 were three of the big gains. I have been banging my head like most here since the beginning of the year. This is what works for me the best out of all other combinations I have tried. I'll post my results next month. We shall see. I forgot one important setting, "take only one trade per candle" set to false. Map it out, it works!

why set it to false ?
  • #3,376
  • Apr 3, 2014 1:04am Apr 3, 2014 1:04am
Quoting allisonmagic
{quote} why set it to false ?
Is it so when the robot closes open trades by the direction sync of xo1 xo2 it can then re-open a trade after?
  • #3,377
  • Apr 3, 2014 1:06am Apr 3, 2014 1:06am
Quoting Roger7777
{quote} Yes Sir to all! There was only a net loss of about 200 pips through the ranging. +1700, +600, and 1300 were three of the big gains. I have been banging my head like most here since the beginning of the year. This is what works for me the best out of all other combinations I have tried. I'll post my results next month. We shall see. I forgot one important setting, "take only one trade per candle" set to false. Map it out, it works!
Cool man!!! Will try it out...
  • #3,378
  • Edited 9:00am Apr 3, 2014 3:14am | Edited 9:00am
Quoting Roger7777
Has anyone upgraded to the new MT4 build 625? If so how is it working with the EA? I keep on being prompted to update, I just say no!
Apparently it's all ok with MT4 build 625, indicators and EA's working good.
One good thing is some MTF indicators are now working again in offline charts.
  • #3,379
  • Apr 3, 2014 8:11am Apr 3, 2014 8:11am
Quoting Roger7777
{quote} I forgot one important setting, "take only one trade per candle" set to false. Map it out, it works!
Why is that so? What difference does it make and how can it be beneficial?
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  • #3,380
  • Apr 3, 2014 11:35am Apr 3, 2014 11:35am
Quoting Das Ist Gut
{quote} Why is that so? What difference does it make and how can it be beneficial?
Well, as a trade closes via the IXO2 cross, its obvious the long term conditions has changed, the short along with them. By getting right back in the other direction you make up for the lag that is in all indy's, thus picking up more pips and sooner, for the most part. If you had to wait for the next candle to get into a trade that has already turned direction you would have missed many pips or just a few. Look at my chart I posted earlier. The was a major turn south after a long ride up and in between a little flat area, if you would have waited for the next candle or a cross on the IXO1 or HAS you would have gotten in missing out on some 500+ pips. But getting in on the same candle you just can out of you pick up those 500+ pips. If anyone would map that chart out at each entry and exit point as per the settings you will see that they get you in sooner at the beginning of a trend and out just as the trend starts to weaken. The key here is beating the LAG in the indy's. Also, adjusting the IXO's to replicate the tread as close as possible is what enables the EA to take the slack out of the lag. Going through that ranging period was only a net maybe 200 pips loss. Just got into a trade at 11am central, the first of this new month. I'll post screen shots as this progresses throughout the month. It is what it is. Check it out, try it or just leave it. We are all here to help each other and learn from each other. I'm just doing my part. you all have a good day.
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