Basket Trading EA

Hi,

I'd like to share my last test. Hope it is of some help.
All the best!

Two weeks (March 24 to April 4) test of seller9 v20: JPY7, M15, Entry 2/3, lot 0.1

Why these choices?
Best results in previous tests (EUR7, GBP6, C5, C14, JPY7 for 15 and 60 minutes).
Common main problem: for ranging periods the equity was negative

Objectives:
Testing different combinations of HAS, IXO and Exit strategies
Identify some useful filters (for ranging periods): Volumes and ADX

All combinations of ...
Has 2-6
IXO1=IXO2=300 vs. IXO1=300 and IXO2=500
Exit: has x / ts+sl 15 / ts+sl 20 / ts+sl 25

Results:
After two weeks all 4 accounts are in loss:
Exit has x -20.000
ts+sl 15 -12.000
ts+sl 20 -2.000
ts+sl 25 -1.500
Average loss / transaction is around -3 USD, except the last account (-21 USD).

Some conclusions:
No difference: Has size (2-6), IXO1=IXO2 or IXO2 larger
TS with SL seems to be better than HAS X (in condition „no ADX filter”)
A 15 pips / pair SL seems to be a little bit better than 20 or 25 (if one is looking at number of w/l)
A 20 pips / pair SL seems to be a little bit better than 15 or 25 (if one is looking at amount w/l)
If t-1 bar has a smaller volume than t bar (when the trade is taken) profit amount is still negative but a lot of bad trades are filtered. Same is true if last two bars are indicating a volume increase.
For some values of ADX, if t-1 bar has a smaller ADX than t bar (when the trade is taken) average profit becomes positive. Same is true if last two bars are indicating an increase of ADX.

Possible improuvements for the EA:
Add an option to filter for volume size and dynamic: t bar is at least x volume, t bar has larger volume than t-1 bar with x%. The same could be done considering the last three bars. Not a priority but can be tested.
Add an option to filter for ADX (with the possibility to chose the period) size and dynamic: t bar has an ADX of at least x, t bar has larger ADX than t-1 bar with x%. The same could be done considering the last three bars. I think it’s a must.

The best combination (at this stage and for the conditions mentioned above)
“HAS X + NO SL” EXIT + ENTRY filtered by ADX (ADXt > ADXt-1 by 10%) (ADX period at least 14).

See more in the files attached.

@mcomsa: I agree with you. The M15 is nothing to let any EA do itself.

I say that from a little other point of view. The M15 is for the impationed, like me. Who want to grab EVERY pip of the table. With the M1, M5, M15 I lost a holy lot of money in the past 4 1/2 years.
When I look back into my trading history, I find the most valuable trades in the H4 frame. The H1 is better than M15 but brings not even 20% of the performance like the H4 timeframes. This are personal results, don't need to be true for all of us.

So anyway. Like Roger7777 said a few posts ago, we struggle the most for our own weakness. Our own lack of patience and confidence. Like a friend of mine say "patience is the key of trading" and like I say to my wife "the single trade/loss does not count. The monthly or yearly results matter".

That clearly say, I do not need daily X pips. As long as I trade in the H4, I have probably not a single closed trade in a week.

Hard for me too. Really, I like much faster trading. But my problem in scalping is, I hardly can not close a 5 pip winner. Why? Cause my risk for a 5 pips winner is far too big, even in the 1 minute charts. So I want 15, 20 or more. For sure since I know, that it is in fact possible to manage 1000 pips in one trade over a couple weeks. So why to take 5 pips? Its just stupid. For me its easier to take a 35 pips stoploss as to take 5 pips profit. And after taking that, an hour later, that same trade would have done 80 pips. So .... the scalping idea is for them who like to have a heartattack at the age of 45 (what would get me in less than 3 years).

Since years I know, I should not trade in any chart below 1 hour but I all the time do it again. And again. And lose again. And again. In the meantime I spent tenth of thousands hard earned money in my trading education. And that's how I see that. I almost do not trade in demos, there I learn NOTHING. Losing in a demo is like playing in a sandbox instead of racing the hill down with the mountainbike. Or whatever you do.

Yes, I test this or that in a demo but clearly I can say, the most of my testing happens in real account. I just make a subaccount for some new stuff like this EA, put a small amount of my account into that and start. With real money. If something goes wrong ... ok, learned some more.
If its profitable - well, don't need to suffer "holy, whish it would be real" .... for me it has been real. And I learned some.

To be honest, if I would have stayed with my stocks trading, 4 1/2 years ago, I would be retired now. The decisions from that time have been good. But I decided to take the major part of my money out of stocks and make myself rich in a few months with forex trading.



Well. It did not happen like my plan has been. But with the years, I'm still very confident, that I can retire much more early, as many other people can.

And here we go. After a few weeks with the basket trading idea and the EA made by seller9, we are sooo close to the holy grail as we can ever be.... I'll stay with this cause it makes sense.

4 hour charts and baskets, thats what I searched for for years. My only changes will be, testing some more baskets in the coming weeks with Rogers settings or some tweaking to that.
No 15 minute trading anymore.
No 1 hour charts anymore.
I stay in H4 and get my confidence in daily charts.
I trade clear signales, not feelings. Signals get me in, signals take me out. Period.
I ignore news. They happen anyway and I can not close a long term 4 hour charts trade for the news every couple hours.

Kind regards and a successful week to all of you out there, all over the world.
Markus

Im excited for the trading week to start and see how the 4 hour basket will do this week... let's get it on.....

Well said

The idea behind this EA was "KIS" and trade the H4 or higher time frames, this is not a scalping EA, there are plenty of those around that will wipe out your account. You can not get rich over night in Forex, just like all the Day Traders who thought they could during the bubble. Well, all those traders are gone and have left there fortunes behind to the smart trader.

I have written other EAs that can be found on Forex Factory that have tons of indicators built into them that you can pick or choose and set as your filters and it did not help a bit, every time a trader suggested a new sure winning idea it was added to the EA. The more filters you keep adding dose not keep improving the performance of an EA, it actually makes it worse, you end up with indicator grid lock.

If you want to use other indicators that is fine, just put them on the chart and use them to confirm or not an EA suggested trade.

"KIS" is why I am sticking to the filters the EA already has and just giving more MM options if needed, MM is really what it is all about.

Good Luck to all and if you want to make some pips move up to H4 and don't be in such a hurry to get rich, you will only make your Broker richer.

After doing a ton of analysis this weekend, I've noticed something. The only consistent cross pairs on the 4h TF are the JPY crosses. There's only one country with major market news releases that truly affects the basket, and that's major US data. Looking at GDP, Rate decisions, unemployment rates etc, from the UK, Aussie, Euro, and Japan.. the basket isn't kicked off it's course until some major US data comes out.. why this is i have no idea but i think it could be because the US is closely watched by most of the big investors, ie; investment banks, hedge funds, institutional traders, so on and so forth.. some trades that i'm looking at would have held their direction throughout the AUD, GBP, and EUR rate decisions and kept you in the trade. Just something i noticed in the past few months of data i've looked at this weekend. any comments would be awesome. Hope i helped you guys in some small way. If you need reference, open a JPY basket on a 4h TF and check the results against major market news

Sorry for all the trouble. My intention was just to help somehow, to share my tests. Not my intention to question your strategy or have queries. A lot of trades from the pictures are made on M15, on the first page of the forum is stated that "The purpose of this forum is to learn basket trading on the M15 or higher timeframes", .... so ... I've just tried to help.
All the best!

Seller,
You were right, the talking heads were wrong. Both teams lost. Oh well, the Badger game was good. They had a chance. I would have driven hard for the post and hoped at least for a foul. I guess it total focus on the NBA, Go Mav's

Nobody complained Don't get me wrong. I think we are all in the same boat. Forex trading to make some extra money or make a living. Anyway. I think, we can share our experiences without stepping on someone elses foot.

Successful week to everybody!

Market's Open lets kick some *ss this week !

HI guys,

I set up everything according to video from the first page, however the EA does not open any trades. Any idea what might be wrong?

PS: I got it. The EA was not set up to live trading. Stupid me

right on!!!
in my attempt to stay patient on the 4HR i've been playing around on another set and forget EA on demo (multi matrix grid EA), and installed Hearthstone on my pc and ipad just to have something to do... haha.

let's hope this week goes to our favor

to the group,my 2 cents are.

dont give the mql out, sellar has built a stellar tool here and yes the only people interested in getting the source code are $99 fools.

dont add additional indicators; HAS and ixo are great and all that are needed to confirm trends

What i would like to see is a depository for settings we all have come across to be >0 pips for a period (week etc)
Eg
indis - HAS & ixo's
Ea settings - entry and exits, trend/BO/indis etc
TF's and baskets
on..maybe another thread..

great thread here, i hope it survives.

I feel i need to bring up a point i have made earlier about pair structure. It wasnt replied to so i guess no one else finds it important but due to the fact that a few here now lean to the JPY basket, it may have merit?

anyway, i cant see why taking a basket where some pairs are strong and some are weak makes sense.

GBP6: GBPAUD GBPCAD GBPUSD GBPCHF EURGBP GBPJPY
if the GBP is suffering.. pairs 1,2,3,4&6 will be short and #5 will be long
WHY short the whole basket (why short EURGBP?)

ive attached my "files", which is just the minority deleted from each of the currently pre formed baskets. this is an easy task for anyone to do but i thought id contribute.

What i do is ommit all except H4 from the BT_CS_v9 page, look for pair strength or weakness and trade that basket
currently the CHF looks weak so the CHF chart is up..

hope this helps

Thanks Jimnz,

I thought about that too and well. Now I added the CAD5 basket to my trading. H4 chart with original settings from Roger7777. Opened a short position with 0.01 sizes to test this one for a week or two.

One would wonder, why I let this open a short here. Well. Its a clear settings decision. If IXO2 cross, it will exit and take a long, as soon as IXO 1 and IXO2 are turning to green.

H4 chart makes everything relaxed. Sit back and wait or do some hobby stuff. Looking for the terminal once every 4 hours is enough.

About my H4 C5 and JPY7 baskets, I changed the lot size while the active trades and this forced the EA to close the positions and open with the new size in same direction. Wonder why but its just that. I don't care. I took 395 pips from the table that way and the new positions are already in profits again.

Hey mpillmann,
I was looking at your CAD basket, you might want to tweak the IXO1 and IXO2 settings to the left a little. That would get you in a little sooner on the new trend and out soon enough before the reverse starts or just as it starts to reverse. Those setting are zeroed in for the JPY Basket. Other baskets would have to be tweaked. The entry and exit is all the same, just the IXO1 and 2. I'll adjust the CAD basket and post a screen shot later. We can see if we come up with the same or close to the same settings. My whole idea is since the IXO's have the ability to almost pin point the beginning and end of a trend is to find that point and enter and exit with them. Give me a few hours and I will post some results. All have a great day.

Hi all and seller..

By any chance is there a way i am in my open trade with version 20 and then i want to upgrade to v 21 without closing my open trades?

by the way good idea to use the bt cs with H4... Oh yeah!!!

Hi Traders

Good to see the ideas from those using the EA, if we all work together we can all learn something, just a few thoughts below.

1) If you can when posting if you could use zip files I would appreciate it, as most everyone has Windows which has it already.

2) The Baskets included in the zip file on page 1 are just starting points, most of them may be hedged, so that is why some pairs may go opposite at times.

3) Something to try if you have an open trade and upgrade to the next version is change the following setting to true, this should save your present settings and when you restart should restore what you had, no promises though, try it on a demo account first.

RestoreTradeSettings = false;

Good Luck to everyone

Thanks! Will try that setting!

@Roger7777,

you're right. I changed the CAD basket settings to 260 / 400 and give this a shot. I did not look back for more than 2 weeks but this could work out. I'll show results later the week. The EA took a long now after closing the previous short in a little profit (manual).

Still interested in your figures.

Ok, working them now