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Basket Trading EA

  • #3,381
  • Apr 3, 2014 12:41pm Apr 3, 2014 12:41pm
I give the strategy of Roger a chance in the JPY7 and C5 baskets. The same JPY7 settings fit well in the C5 and I'm short in both, H4 based.

I think, it looks good enough to put some money into that. I'll post screens of the output but my explorer is active, anyway, since a few days with custom start, so it only reflect basket Trading with a lot of manual entrys and a lot experimenting. So don't expect a ton of pips


Thanks Roger

Regards
Markus
  • #3,382
  • Apr 3, 2014 12:46pm Apr 3, 2014 12:46pm
Quoting Roger7777
{quote} 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...
I agree with your analogy and i think it is worth exploring. Looking at higher TF like 1hr or 4hr, it could be a long wait to enter a trade if EA relies on close of the candle and potentially missing out on good pips especially with aggressive up or downward movement at the beginning of the trend. My small concern however comes from the fat that initial trends some times can turn the other way sharply which would result in heavy losses. Having some sort of confirmation for a trade makes sense........
Look to the LEFT of your CHART.....
  • #3,383
  • Apr 3, 2014 12:55pm Apr 3, 2014 12:55pm
here are some 1hr trades taken this week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Sell Trade Opened 4-3---15-0.gif Size: 43 KB
Click to Enlarge Name: Sell Trade Opened 4-3---16-0.gif Size: 43 KB
Click to Enlarge Name: Sell Trade Opened 4-3---17-22.gif Size: 43 KB
Click to Enlarge Name: Trade Closed-4-2---20-42.gif Size: 42 KB
Click to Enlarge Name: Trade Closed-4-3---15-33.gif Size: 44 KB
Click to Enlarge Name: Trade Closed-4-3---17-22.gif Size: 44 KB
Look to the LEFT of your CHART.....
  • #3,384
  • Apr 3, 2014 12:58pm Apr 3, 2014 12:58pm
As of my exploration so far, with a lot of manual and too early entrys ... the best confirmation in this System IS the IXO2. So entry based on IXO1 and IXO2 direction and exit based on ixo2 cross should do the job.
We'll see. Sure, at the moment, my shorts are losses but where is that trade, whats in profit immediatly after entry, why we give each and every trade a couple tenth pips to survive... its that. In H4 we give a lot more room as in M15 or M1 and I think, the win rate on H4 trading should be better and the profits should be better.
Hard to find a 900 pip trade, based on M15 charts. But in H4 its almost common. And more.
  • #3,385
  • Apr 3, 2014 1:17pm Apr 3, 2014 1:17pm
Quoting mikeimas
{quote} I agree with your analogy and i think it is worth exploring. Looking at higher TF like 1hr or 4hr, it could be a long wait to enter a trade if EA relies on close of the candle and potentially missing out on good pips especially with aggressive up or downward movement at the beginning of the trend. My small concern however comes from the fat that initial trends some times can turn the other way sharply which would result in heavy losses. Having some sort of confirmation for a trade makes sense........
mikeimas, agreed. There are some losses when you look at a small window of time, but when you look through a much bigger window of time this EA with these settings will have positive returns that far outweigh any losses. Here is the common sense of this thing, with the settings as there are, you will almost always be in a trade, the long up or down trends and the short rangy ones. So you come through a range and you are out 300... 500... pips, but the trend before the range that you rode for 1800 pips; that's gives you a plus 1300 to 1500 pips in the positive. And what about the two medium trend trades that comes after the ranging for a combined 1100 pip profit? The biggest problem with trading anything (stocks... FX...) on any time frame is patience. What does a lack of patience cause us to do??? Getting out when we should have stayed. Jumping for one system to another, etc... If something sounds and looks promising, stay the course to prove it good or bad. Waiting is the hardest think for us to master. But the sooner we do the better off we will be. Sorry I get to ramble on, but this stuff is so true. Why do we keep on making the same mistakes over and over again... ? A lack of patience! In a nut shell, don't worry about the small ripples of the range, focus on the monster wave of pips coming in on its heals.
  • #3,386
  • Apr 3, 2014 1:27pm Apr 3, 2014 1:27pm
Quoting mpillmann
As of my exploration so far, with a lot of manual and too early entrys ... the best confirmation in this System IS the IXO2. So entry based on IXO1 and IXO2 direction and exit based on ixo2 cross should do the job. We'll see. Sure, at the moment, my shorts are losses but where is that trade, whats in profit immediatly after entry, why we give each and every trade a couple tenth pips to survive... its that. In H4 we give a lot more room as in M15 or M1 and I think, the win rate on H4 trading should be better and the profits should be better. Hard...
Right on mpillmann, you are seeing it!!!
  • #3,387
  • Apr 3, 2014 2:14pm Apr 3, 2014 2:14pm
Hey Roger

I am going to give your idea a shot and see what happens on the JPY7, it just opened a trade a bit ago, so will see what happens.

You don't need to turn off 1 trade per candle because the Robot will re-enter on the same candle it just closed on, it only stops it from opening more than one trade per candle.

The screen shot below is the version 21 I am presently working on, so it may have a few things version 20 doesn't have.
I have added an "add to trade" to the next version, in the screen shot shown it will add more trades once profit reaches 50 x 7 = 350 pips and will continue to add more trades for every 350 it moves in the same direction, up to a maximum of 5 times, as shown in the settings. You will also be able to add to a trade manually if you want, it will only add to the pairs that are in profit, "Green", it will not add to a losing pair. In the screen shot below if I did a manual add to right now, it would only add to the 4 green trades that are in profit at this time, so will see if this trade goes far enough to trigger the add to trade.

Good Luck and I appreciate your posts and testing, as I don't have a lot of time to do long term testing as I am always trying different things to try and improve the EA and tweaking the code disrupts my testing. Maybe next week I will put your idea on another MT4 on a different PC and just let it run, its a little to late in the week to start now, and I already have the one trade open using your idea just to see if it will do anything, I may have missed the train for this week, will have to wait for the next one.

Attached Image (click to enlarge)
Click to Enlarge Name: example_roger.jpg Size: 474 KB
  • #3,388
  • Apr 3, 2014 2:28pm Apr 3, 2014 2:28pm
Quoting Roger7777
{quote} 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...

  • #3,389
  • Apr 3, 2014 2:34pm Apr 3, 2014 2:34pm
Quoting Roger7777
{quote} mikeimas, agreed. There are some losses when you look at a small window of time, but when you look through a much bigger window of time this EA with these settings will have positive returns that far outweigh any losses. Here is the common sense of this thing, with the settings as there are, you will almost always be in a trade, the long up or down trends and the short rangy ones. So you come through a range and you are out 300... 500... pips, but the trend before the range that you rode for 1800 pips; that's gives you a plus 1300 to 1500...

Roger, i appreciate how you have a clear understanding of what you are doing. Thank you for sharing your thoughts and views
  • #3,390
  • Apr 3, 2014 3:14pm Apr 3, 2014 3:14pm
Quoting seller9
Hey Roger I am going to give your idea a shot and see what happens on the JPY7, it just opened a trade a bit ago, so will see what happens. You don't need to turn off 1 trade per candle because the Robot will re-enter on the same candle it just closed on, it only stops it from opening more than one trade per candle. The screen shot below is the version 21 I am presently working on, so it may have a few things version 20 doesn't have. I have added an "add to trade" to the next version, in the screen shot shown it will add more trades once profit...

Seller and Allison,
My pleasure to help. I just want to see us all beat this racket and come up on top. Seller, V21 sounds great, I like the ability to stack trades. The only problem if it is done to aggressively it can eat up ones margin quickly if you get stuck in a reversal. Or if a trade jets way above the HAS taking extra trades along the way, then retreats back towards the HAS. A TSL would have to be set if you were not watching it, if you were, have the guts to pull the trigger on "close basket" button. I like it though! I was wondering, what are we going to do when the $dollar collapse? That will be a very ugly day. I'm not a prophet, or a son of a prophet, but look around.... its inevitable.
  • #3,391
  • Apr 3, 2014 4:45pm Apr 3, 2014 4:45pm
Quoting seller9
Hey Roger I am going to give your idea a shot and see what happens on the JPY7, it just opened a trade a bit ago, so will see what happens. You don't need to turn off 1 trade per candle because the Robot will re-enter on the same candle it just closed on, it only stops it from opening more than one trade per candle. The screen shot below is the version 21 I am presently working on, so it may have a few things version 20 doesn't have. I have added an "add to trade" to the next version, in the screen shot shown it will add more trades once profit...
nice to see you (seller9) working hard as ever improving the EA with suggestions from this forum, liking the new feature of adding trades to existing trades as long as it in profit.. looking forward to testing it when you release version 21. Kudos once again
Look to the LEFT of your CHART.....
  • #3,392
  • Apr 3, 2014 7:47pm Apr 3, 2014 7:47pm
Quoting Roger7777
{quote} mikeimas, agreed. There are some losses when you look at a small window of time, but when you look through a much bigger window of time this EA with these settings will have positive returns that far outweigh any losses. Here is the common sense of this thing, with the settings as there are, you will almost always be in a trade, the long up or down trends and the short rangy ones. So you come through a range and you are out 300... 500... pips, but the trend before the range that you rode for 1800 pips; that's gives you a plus 1300 to 1500...
I like what you said about patience
  • #3,393
  • Apr 3, 2014 7:53pm Apr 3, 2014 7:53pm
here is the current trade so far on c5
Attached Image (click to enlarge)
Click to Enlarge Name: Sell Trade Opened 4-3---12-0.gif Size: 50 KB
  • #3,394
  • Apr 3, 2014 8:48pm Apr 3, 2014 8:48pm
i setup the EA with roger's settings. here's my current positioning on the JPY basket
Attached Image (click to enlarge)
Click to Enlarge Name: allisonmagic.png Size: 57 KB
  • #3,395
  • Apr 3, 2014 9:01pm Apr 3, 2014 9:01pm
i like this.. everyone in here providing information as a GROUP.. not as a single entity talking about how great they are. you guys are awesome, thanks for all the hard work !
  • #3,396
  • Apr 3, 2014 9:10pm Apr 3, 2014 9:10pm

Quoting allisonmagic
i like this.. everyone in here providing information as a GROUP.. not as a single entity talking about how great they are. you guys are awesome, thanks for all the hard work !
  • #3,397
  • Apr 3, 2014 10:40pm Apr 3, 2014 10:40pm
ForceLoadHistoricalData.ex4 doesnt seem to work with the new build 625?

anyone have this issue?
  • #3,398
  • Apr 3, 2014 10:50pm Apr 3, 2014 10:50pm
Quoting jimnz
ForceLoadHistoricalData.ex4 doesnt seem to work with the new build 625? anyone have this issue?
Just tried it and it works OK.

Attached Image (click to enlarge)
Click to Enlarge Name: force_load.jpg Size: 878 KB
  • #3,399
  • Apr 3, 2014 11:06pm Apr 3, 2014 11:06pm
Working just fine here too...Global Prime...
  • #3,400
  • Apr 3, 2014 11:52pm Apr 3, 2014 11:52pm
woke up this morning and EA took this JPY5 trade. Hope it can bank some pips on this awesome trend that has moved up over +700pips so far. lets see what happens here guys..... adjusted settings to seller9 settings last night on 1hr TF. currently in negative territory at the moment. will post result oncce trade is closed.
Attached Image (click to enlarge)
Click to Enlarge Name: Buy Trade Opened 4-4---3-0.gif Size: 42 KB
Look to the LEFT of your CHART.....
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