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Basket Trading EA

  • #4,301
  • Jun 10, 2014 8:50am Jun 10, 2014 8:50am
Quoting sharemaster2
{quote} Hi there, Hmm!! I am still having that some Error " EUR/TRY and USD/TRY not in Watchlist" when I try to attach the BT_14_v21_646 EA to my Try Basket. I have tried this on a different Broker Forex.com and I get the same error. It has to be a local sort of problem to me I suppose. Will leave those pairs for now and face other Basket Pairs but if any one is able to find a lasting solution, they should let us know. Thanks

It works OK for me on FinFX, I see no reason it won't work on any other Broker that has those 2 pairs.

The EA tries to get the Bid price for each pair in the list and if the Bid price can not be retrieved it assumes the pair is not in the watch list and gives the error.

1) Create manual text file of EURTRY, USDTRY = TRY2 and place in files folder
2) Use Basket_Create_v3_646et to create basket
3) Attach BT_14_v21_646et to offline #TRY2#02,H1 chart

It also worked for an H4 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: TRY2.jpg Size: 427 KB
  • #4,302
  • Jun 10, 2014 9:04am Jun 10, 2014 9:04am
Quoting Roger7777
{quote} Sure, HAS is 2-6-2-1 for both JPY7 and CAD5 4h. The IXO1 is 660 or 6600 if you are using the build 646 of MT4, and 960 or 9600 for the IXO2. You may want to use 11600 for the IXO2 on the CAD5. Entry before the crossover of a new trend is IXO1 cross, if you want to get in after a cross, set entry to IXO1 direction. Exit is also IXO1 cross. I have the EA set to take more than one trade per candle, that way as soon as the trade closes a new one opens with the start of a new trend. I like the JPY7 and CAD5 because they are pretty consistent,...
Hi there Roger7777,

Did you have the EA with those two baskets run like that the whole of the month of May ?
How many pips did you get in ?

Thanks for the info.
flx69
  • #4,303
  • Jun 10, 2014 9:42am Jun 10, 2014 9:42am
Quoting shum
{quote} Hi Roger, you use HAS direction for entry too? or your trades are baset just on ixo1 cros enter/exit? in a short term if ixo cros come early, and price its stell above the Has, you will entry? then price go below HAS, and then change direction, will open ea a short trade? look exemple on pic. {image}
No, not with those two baskets. The HAS seems to lag behind the IXO1. Most of the time the IXO1 will cross a few candles before the HAS. I know I'm not waiting on a conformation indicator like the HAS or IXO2, but look how early you get in and the same getting out. If I waited on the HAS I would lose 30 to 40 % of the pips per trend. Now, I only trade this way with these two baskets. Historically they have been the most consistent and am able to pick up on a ranging period quicker. When I id a ranging period, most of the time I go into a hit in run tactic, kind of like scalping. I will go to the daily chart and get in manually in the direction of trend for a small dollar amount exit. No TP or any other exit strategy. In order to do this safely you need to identify the top and bottom of the range, and I just target a quarter of that figure in pips x units = dollar amount for exit. Hey, it works for me! Do a quick back test of May, after the ranging period at the beginning of the month, it got real smooth, PA stayed above or below the HAS for the most part. This is the sweet spot with this idea. IXO1 will get you in at the very beginning of a trend and out once it has exhausted itself and before it starts to reverse. Thus, I get a maximum amount of pips out of each trend. I hope this makes sense.
  • #4,304
  • Jun 10, 2014 9:55am Jun 10, 2014 9:55am
Quoting flx69
{quote} Hi there Roger7777, Did you have the EA with those two baskets run like that the whole of the month of May ? How many pips did you get in ? Thanks for the info. flx69
No not the whole month. You have to wait for a breakout of the ranging period, the I will wait one more trend then switch to this method. Until then I am scalping as I explained in the previous post. The was over 1300 pips for the taking to the end of May just on the JPY7. So far this month, 890 pips plus the trade I am in now.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy7-07-h4-oanda-division1.png Size: 64 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cad5-05-h4-oanda-division1.png Size: 66 KB


Remember, this is not a get rich quick gig, it takes time, consistency, and wise decisions. Have a great day my friend.
  • #4,305
  • Jun 10, 2014 11:19am Jun 10, 2014 11:19am
Very nice Roger7777, and many thanks for your input.

I know there´s been a period of ranging, unfortunately I had no time to scalp.
Hope your CAD5 basket goes the right way !

All the best.
flx69
  • #4,306
  • Jun 10, 2014 11:42am Jun 10, 2014 11:42am
Great info Roger7777, nice to see you willing to share your ideas, many thanks.

I am giving some thought to what you are doing and I may add channel trading lines to the EA to help automate the ranging period when it is as obvious as it was in the example below, I believe I have had this request before from others, but after hearing your thoughts it brings it to my attention again. I have put some notes on the screen shot to show what I was seeing as to the way you explained it. Please make any additions if I have misrepresented your idea.

Its always easy to trade old candles and draw lines on charts that happened in the past, but its harder to trade the right edge of the PA.

Attached Image (click to enlarge)
Click to Enlarge Name: H4_OffLine.jpg Size: 677 KB
  • #4,307
  • Jun 10, 2014 12:25pm Jun 10, 2014 12:25pm
Quoting Roger7777
{quote} No, not with those two baskets. The HAS seems to lag behind the IXO1. Most of the time the IXO1 will cross a few candles before the HAS. I know I'm not waiting on a conformation indicator like the HAS or IXO2, but look how early you get in and the same getting out. If I waited on the HAS I would lose 30 to 40 % of the pips per trend. Now, I only trade this way with these two baskets. Historically they have been the most consistent and am able to pick up on a ranging period quicker. When I id a ranging period, most of the time I go into a...
ok thx, all clear
  • #4,308
  • Jun 10, 2014 2:14pm Jun 10, 2014 2:14pm
Hi all,
here is a chart I created tonight based on observation of the charts over a few days like smknyc has previously suggested. I have manually selected the pairs. Lets see how it goes eh!! Trade opened
Attached Image(s) (click to enlarge)
Click to Enlarge Name: #c3_15m#03h1.png Size: 44 KB
Click to Enlarge Name: Sell Trade Opened 6-11---0-19.gif Size: 52 KB
Look to the LEFT of your CHART.....
  • #4,309
  • Jun 10, 2014 3:25pm Jun 10, 2014 3:25pm
Quoting sharemaster2
{quote} Hi there, Hmm!! I am still having that some Error " EUR/TRY and USD/TRY not in Watchlist" when I try to attach the BT_14_v21_646 EA to my Try Basket. I have tried this on a different Broker Forex.com and I get the same error. It has to be a local sort of problem to me I suppose. Will leave those pairs for now and face other Basket Pairs but if any one is able to find a lasting solution, they should let us know. Thanks
It sounds like the error might be with your code. If you can respond to the questions in the PM I sent you the other day, I might be able to offer some specific suggestions.
  • #4,310
  • Jun 10, 2014 3:46pm Jun 10, 2014 3:46pm
Quoting seller9
{quote} It works OK for me on FinFX, I see no reason it won't work on any other Broker that has those 2 pairs. The EA tries to get the Bid price for each pair in the list and if the Bid price can not be retrieved it assumes the pair is not in the watch list and gives the error. 1) Create manual text file of EURTRY, USDTRY = TRY2 and place in files folder 2) Use Basket_Create_v3_646et to create basket 3) Attach BT_14_v21_646et to offline #TRY2#02,H1 chart It also worked for an H4 chart. {image}
Hi Seller9,

Thanks for your responce, I will be working on getting this resolved as it seems it is a local problem to me. Will update the thread with new development from FXCM support by Jason.

Thanks indeed for all your efforts to the community.
Born to rule my Economic World and Make a Difference!
  • #4,311
  • Jun 10, 2014 5:55pm Jun 10, 2014 5:55pm
Quoting seller9
Great info Roger7777, nice to see you willing to share your ideas, many thanks. I am giving some thought to what you are doing and I may add channel trading lines to the EA to help automate the ranging period when it is as obvious as it was in the example below, I believe I have had this request before from others, but after hearing your thoughts it brings it to my attention again. I have put some notes on the screen shot to show what I was seeing as to the way you explained it. Please make any additions if I have misrepresented your...

Seller,
You have represented it perfectly. I do agree, you can't trade from the left, but the left will show you trending characteristic's to help identify what could be coming from the right. Its kind of like driving a car, you can't see what's over the hill, or around the corner, but with experience you learn how to quickly identify and react as you drive. One thing about your chart, you showed a best case example. We must think about reaction time once it is known what the PA is doing, i.e. going into a range or breaking out into a nice long trend, then act on what we see. So there are some pips lost, no biggie! I would also adjust the IXO1 to the left, setting at 660 for build 610 and 6600 for build 646. Waiting to see more on the "channel trading". One more option if one does not want to trade the range, just find another basket that does not appear to be ranging and ride the long waves up and down. Seller many thanks for all your outstanding work. There is nothing that comes close to this thread and EA, thanks again brother
  • #4,312
  • Jun 10, 2014 6:32pm Jun 10, 2014 6:32pm
Quote
Seller,
You have represented it perfectly. I do agree, you can't trade from the left, but the left will show you trending characteristic's to help identify what could be coming from the right. Its kind of like driving a car, you can't see what's over the hill, or around the corner, but with experience you learn how to quickly identify and react as you drive. One thing about your chart, you showed a best case example. We must think about reaction time once it is known what the PA is doing, i.e. going into a range or breaking out into a nice long...

Well stated Roger...
  • #4,313
  • Jun 10, 2014 8:04pm Jun 10, 2014 8:04pm
Quoting Roger7777
{quote} Seller, You have represented it perfectly. I do agree, you can't trade from the left, but the left will show you trending characteristic's to help identify what could be coming from the right. Its kind of like driving a car, you can't see what's over the hill, or around the corner, but with experience you learn how to quickly identify and react as you drive. One thing about your chart, you showed a best case example. We must think about reaction time once it is known what the PA is doing, i.e. going into a range or breaking out into a nice...
Roger,

Many thanks for your kind sharing.
  • #4,314
  • Jun 10, 2014 8:12pm Jun 10, 2014 8:12pm
Quoting mikeimas
Hi all, here is a chart I created tonight based on observation of the charts over a few days like smknyc has previously suggested. I have manually selected the pairs. Lets see how it goes eh!! Trade opened {image} {image}
update on trades TP target hit, new trades opened by EA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trade Closed-6-11---4-35.gif Size: 51 KB
Click to Enlarge Name: Sell Trade Opened 6-11---4-36.gif Size: 51 KB
Look to the LEFT of your CHART.....
  • #4,315
  • Jun 11, 2014 2:20am Jun 11, 2014 2:20am
Quoting mikeimas
{quote} update on trades TP target hit, new trades opened by EA {image} {image}
final trades of day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trade Closed-6-11---9-0.gif Size: 50 KB
Click to Enlarge Name: Trade Closed-6-11---9-49.gif Size: 51 KB
Look to the LEFT of your CHART.....
  • #4,316
  • Jun 11, 2014 3:53am Jun 11, 2014 3:53am
Quoting mikeimas
{quote} final trades of day {image} {image}
Hi there,

Good trades but on the last trade, going against that Major down trend for a buy trade is really bold and risky. I will rather go with the over all trend.

All the best and I hope it works out for you.

Just a thought!!
Born to rule my Economic World and Make a Difference!
  • #4,317
  • Jun 11, 2014 5:18am Jun 11, 2014 5:18am
Sold #C5# basket at 09:42 GMT.
Manual trade on 15 minute chart.
Initial stop loss = 50 pips.
Comments: HAS and I-XO-A-H color change in agreement at time of trade.

Edit:
Trade closed at 11:26 GMT
Time in trade: 1 hour and 43 minutes
Gross P/L = +50 pips
Manual trade closure.
Comments: Adverse price action.

//////////
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Closed-6-11---11-26.gif Size: 31 KB
  • #4,318
  • Jun 11, 2014 6:10am Jun 11, 2014 6:10am
Quoting sharemaster2
{quote} Hi there, Good trades but on the last trade, going against that Major down trend for a buy trade is really bold and risky. I will rather go with the over all trend. All the best and I hope it works out for you. Just a thought!!
as you can see from the chart the trade was manually closed by myself as it was the EA was trading against a strong down trend. I like to trade in the direction of the overall trend most times
Look to the LEFT of your CHART.....
  • #4,319
  • Jun 11, 2014 7:36am Jun 11, 2014 7:36am
Sold #C5# basket at 14:05 GMT.
Manual trade on 15 minute chart.
Initial stop loss = 50 pips.
Comments: HAS and I_XO color change in agreement at time of trade. Re-entered trade after retrace (see post #4,317).

Edit:
Trade closed at 14:22 GMT
Time in trade: 17 minutes
Gross P/L = +51 pips
Manual trade closure.
Comments: 100 pip profit target achieved in 2 trades.

//////////
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Closed-6-11---14-22.gif Size: 31 KB
  • #4,320
  • Jun 11, 2014 7:40am Jun 11, 2014 7:40am
My CAD trade is still running and the JPY is waiting for the next entry, I missed the first one as I did not have it running when it happened.

Attached Image (click to enlarge)
Click to Enlarge Name: CAD.jpg Size: 457 KB


Attached Image (click to enlarge)
Click to Enlarge Name: JPY.jpg Size: 438 KB
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