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Basket Trading EA

  • #3,401
  • Apr 4, 2014 3:41am Apr 4, 2014 3:41am
Quoting mikeimas
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. {image}
Same here, JPY 7 basket taken by EA at night, but for a short ride. Talking M15 here.

Now let's see how this unfolds. I always use quite tight SL, so this one won't be a big loss for me for sure

Attached Image (click to enlarge)
Click to Enlarge Name: Sell Trade Opened 4-4---6-0.gif Size: 58 KB
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  • #3,402
  • Apr 4, 2014 3:51am Apr 4, 2014 3:51am
Dear all,

Since early 2012, I have been trading - with mixed success - manually, using EAs, scalping, etc...
For a couple of months now I have been lurking around this thread.
During that time, I have read the entire thread back and forth a couple of times and watched Seller9´s explanatory videos.
Praise where it´s due: if a Nobel Forex Prize existed, Seller9 should be nominated for his Basket EA !

I have been running the Basket EA on a demo account using micro lots since begin March.
Since patience is not exactly of my virtues I have been fiddling around a lot with the settings, closely watching Roger7777, Allisonmagic and other members´tweaks.
Even when running 5 baskets, I got too few entries to my liking.
By ways of experimenting, I have also started to unleash the EA on a XAUUSD and XAUEUR basket, not a big success so far...

Anyway, enough rambling for now.
I am in this thread for the longer run and hope to contribute like other members, the thing that makes this such a great thread.

Happy basketting and wish you all a good weekend.

Regards,
Felix
  • #3,403
  • Apr 4, 2014 4:46am Apr 4, 2014 4:46am
Quoting jimnz
and while on the subject of reversing the 1st 2 pairs. i see in the V20 vid seller may omit this for future releases? surely this is vital to taking the correct trade directions for the baskets pairs? eg my current is : NZDJPY NZDUSD AUDNZD GBPNZD EURNZD im going long on the basket, i want to short only the 1st & 2nd and long the rest/ how is this possible without the reverse feature? im still new to the EA- maybe im missing something?
thank you sellar for sticking with this project - oftern EA/system creators get the shits with all the questions and leave.

on the above quote (from me), am i missing something fundamental?
if the base currency of a pair is on the opposite side to the bulk, surely we DONT want to take that trade direction?
like:
if the basket is;
NZDJPY ***
NZDUSD ***
AUDNZD ***
GBPNZD ***
EURNZD***
Basket *

why long the whole basket? wouldnt reversing the 1st 2 pairs OR omitting them be better?
  • #3,404
  • Apr 4, 2014 5:26am Apr 4, 2014 5:26am
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}
do u mind sharing what baskets u used to get the 3600? (impressive)

ive just had a look at C5 for 4/2/14 to today = 1500 pips :-)
another observation:
the entry is ixo 1 &2 direction - from what i see ixo1 always is in agreement with 2 being the faster indi?
dosent this mean ixo1 is redundant as an entry indi?

then doesnt this system just rely on ixo (960- H4) for entry and exits?
  • #3,405
  • Apr 4, 2014 5:26am Apr 4, 2014 5:26am
Quoting jimnz
{quote} thank you sellar for sticking with this project - oftern EA/system creators get the shits with all the questions and leave. on the above quote (from me), am i missing something fundamental? if the base currency of a pair is on the opposite side to the bulk, surely we DONT want to take that trade direction? like: if the basket is; NZDJPY *** NZDUSD *** AUDNZD *** GBPNZD *** EURNZD*** Basket * why long the whole basket? wouldnt reversing the 1st 2 pairs OR omitting them be better?
Ofc you reverse them, that's why you have that option. There is no point in taking on a hedged position, since it won't take you anywhere.

My point is, there is an option to reverse only 2 pairs, but some baskets (NZD, USD) could use 3 of them reversed.

Quoting flx69
Dear all, Since early 2012, I have been trading - with mixed success - manually, using EAs, scalping, etc... For a couple of months now I have been lurking around this thread. During that time, I have read the entire thread back and forth a couple of times and watched Seller9´s explanatory videos. Praise where it´s due: if a Nobel Forex Prize existed, Seller9 should be nominated for his Basket EA ! I have been running the Basket EA on a demo account using micro lots since begin March. Since patience is not exactly of my virtues I have been fiddling...
Tight SL is what works best for me with this EA. Since it's a trend following system, if the entry is good, it won't usually mess around with you for too long before moving in the desired direction. If it starts to mess with you, dancing around entry point for some time or moving against you, i usually put a tight SL manually and never regret it.

Trend following systems are like that, you take many small losses, which should be covered by your winners.
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  • #3,406
  • Apr 4, 2014 5:31am Apr 4, 2014 5:31am
Quoting Das Ist Gut
{quote} Ofc you reverse them, that's why you have that option. There is no point in taking on a hedged position
but if we reverse them this distorts the chart (indis/enrtys)?

as i see it only BUY/SELLS4/S5, etc can be traded as so only the pairs moving in the same direction. not C5 say?

does this sound right?

or files such as JPY& as all pairs trade the same way
  • #3,407
  • Apr 4, 2014 5:31am Apr 4, 2014 5:31am
Quoting jimnz
{quote} thank you sellar for sticking with this project - oftern EA/system creators get the shits with all the questions and leave. on the above quote (from me), am i missing something fundamental? if the base currency of a pair is on the opposite side to the bulk, surely we DONT want to take that trade direction? like: if the basket is; NZDJPY *** NZDUSD *** AUDNZD *** GBPNZD *** EURNZD*** Basket * why long the whole basket? wouldnt reversing the 1st 2 pairs OR omitting them be better?
yes i would agree that reversing the first two pairs is the right way to go and you can do this using the EA, but make sure the pair you want to reverse is at the top of your list as the EA settings is only to reverse the trade direction for the first two pair. choose true settings in the EA, see attachment. Hope this helps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EA set.png Size: 79 KB
Click to Enlarge Name: EA set1.png Size: 76 KB
Look to the LEFT of your CHART.....
  • #3,408
  • Apr 4, 2014 5:34am Apr 4, 2014 5:34am
Quoting mikeimas
{quote} yes i would agree that reversing the first two pairs is the right way to go and you can do this using the EA, but make sure the pair you want to reverse is at the top
agreed, but sellar states this distorts the chart, hence the enrtys/exits?
  • #3,409
  • Apr 4, 2014 5:37am Apr 4, 2014 5:37am
Quoting jimnz
the entry is ixo 1 &2 direction - from what i see ixo1 always is in agreement with 2 being the faster indi? dosent this mean ixo1 is redundant as an entry indi?
I have exactly the same observation. I am not using 2nd XO anymore on any of Baskets or single pairs. What i've found, is it filters out bad trades as good as it does with good ones. It lets you sometimes sit out a trade moving against you, as well as it gets you bigger losses, when finally confirming you were wrong.
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  • #3,410
  • Apr 4, 2014 5:38am Apr 4, 2014 5:38am
sellar: "You just need to be aware that the chart will not match your trade. "

maybe i took it the wrong way.... i guess reversing some pairs doesn't distort the chart rather distorts the basket profit?
- i could live with that..
  • #3,411
  • Edited 5:51am Apr 4, 2014 5:40am | Edited 5:51am
Quoting Das Ist Gut
{quote} I have exactly the same observation. I am not using 2nd XO anymore on any of Baskets or single pairs. What i've found, is it filters out bad trades as good as it does with good ones. It lets you sometimes sit out a trade moving against you, as well as it gets you bigger losses, when finally confirming you were wrong.
meaning rogers system take is only using 1 ixo.
great if thats all we need... (and the stellar features of the EA)

wouldnt it be better get in on the x of the ixo1 WITH confirmation from ixo2?
  • #3,412
  • Apr 4, 2014 5:54am Apr 4, 2014 5:54am
i just checked just ixo (960) entry and exit for JPY7 and got 1050 for 7/2/14 to today.
KISS?
  • #3,413
  • Apr 4, 2014 6:16am Apr 4, 2014 6:16am
Quoting jimnz
{quote} meaning rogers system take is only using 1 ixo. great if thats all we need... (and the stellar features of the EA) wouldnt it be better get in on the x of the ixo1 WITH confirmation from ixo2?
You never know, it's a double edged sword. Depending on settings it might filter out a good entry, and when the entry is done, the trend might start reversing on smaller TF. It all goes from small to big.

Look at this screenshot, for example. You will find many bad and good spots for entries and exits based on many combinations of XOs and HASes for many cases. It all boils down to what you are comfortable with.

Attached Image (click to enlarge)
Click to Enlarge Name: БезымÑнный.png Size: 375 KB
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  • #3,414
  • Apr 4, 2014 7:17am Apr 4, 2014 7:17am
Hiho,

JPY7 and C5, both in H4 charts with Roger7777 settings, entry 18 hours ago:

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 65 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 69 KB


Both look really good to the downside. I'll keep this trades over the weekend.

Kind regards
Markus

Edit: Both running down in this minute, both in the green area. Looking forward.
  • #3,415
  • Apr 4, 2014 7:37am Apr 4, 2014 7:37am
lol@CAD, it's in a frenzy mode.
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  • #3,416
  • Apr 4, 2014 7:39am Apr 4, 2014 7:39am
Quoting jimnz
{quote} do u mind sharing what baskets u used to get the 3600? (impressive) ive just had a look at C5 for 4/2/14 to today = 1500 pips :-) another observation: the entry is ixo 1 &2 direction - from what i see ixo1 always is in agreement with 2 being the faster indi? dosent this mean ixo1 is redundant as an entry indi? then doesnt this system just rely on ixo (960- H4) for entry and exits?
JPY7 4h, IXO1 &2 are in agreement for the most part, but where they are not at times is when the basket is ranging. So by using both it save you a little bit of neg, trades during this ugly time in the market.
  • #3,417
  • Apr 4, 2014 9:19am Apr 4, 2014 9:19am
Quoting mpillmann
Hiho, JPY7 and C5, both in H4 charts with Roger7777 settings, entry 18 hours ago: {image} {image} Both look really good to the downside. I'll keep this trades over the weekend. Kind regards Markus Edit: Both running down in this minute, both in the green area. Looking forward.
I have the same sentiment. Keep this open over the weekend and longer... Like what roger said, patience is the key.
  • #3,418
  • Apr 4, 2014 9:46am Apr 4, 2014 9:46am
Quoting Patmontes
{quote} I have the same sentiment. Keep this open over the weekend and longer... Like what roger said, patience is the key.
Can't agree more. Take a look at this situation. The system was cleary saying to stay in the trade, but for some reason, i decided to get out and lost a good bunch of profit.

This is a kind of mistake which ruins trend following systems, like this one.

Attached Image (click to enlarge)
Click to Enlarge Name: БезымÑнный.png Size: 315 KB
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  • #3,419
  • Apr 4, 2014 10:11am Apr 4, 2014 10:11am
Quoting Das Ist Gut
{quote} Can't agree more. Take a look at this situation. The system was cleary saying to stay in the trade, but for some reason, i decided to get out and lost a good bunch of profit. This is a kind of mistake which ruins trend following systems, like this one. {image}
Still a good job nonetheless
  • #3,420
  • Apr 4, 2014 10:26am Apr 4, 2014 10:26am
Quoting Patmontes
{quote} Still a good job nonetheless
That's not a good job... not good at all.

Look to the left of the entry and look at EA's settings(use red-blue HAS). There are 3 losses in a row, on a small ranging period, the profit from prematurely closed deal is equal to the first loss. If i'd stay in the deal and exit just a bit later, the profit would cover all 3 losses, which it should do in this kind of system.

If the next comes a small range again, the net loss will compoud.

It is the most crucial part, no matter how we might tweak our settings of XO or HAS the core of the trend-following is just it. Even if price reversed from that point on, i could have just moved my stop to my premature exit position and still get the same result.

Cut your losers early and let your winners run... while protecting them with trailing stops.

I will try to put more screenshots with mistakes in the future, and try to assess them.
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