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Basket Trading EA

  • #5,001
  • Edited 5:19pm Aug 12, 2014 10:43am | Edited 5:19pm
Quoting sunrisetofu
{quote} lol, I consider everything beginners luck until I can double my demo account twice!! which I've still yet to do....
Hi there,

The issue with Demo is your are not that emotional about your trades and therefore don't really take it as serious even if you think you do. The best way is to go live with Penny account and see how differently you will trade. Just give it a try and you will see what I mean.

For those intrested in Forex Correlation tables check this site: http://uk.investing.com/forex-tools/...ion-calculator

And for those intrested in which pair or basket to pick for your basket, check this site: http://www.fxkeys.com/currency-pairs...urrency-pairs/

The more time and effort you put in to studies, the more you become a better trader.


All the best
Born to rule my Economic World and Make a Difference!
  • #5,002
  • Aug 12, 2014 11:28am Aug 12, 2014 11:28am
Quoting ilovePA
Hi seller9, Thank you for this great update esp the included many pairs to reverse as requested. hehe By the way I found a bug on it. It did not reverse the 3rd pair in list and worst it didn't display its name once the trade is taken but if no trade it will be seen in the list verified by me when I set it up. Trade: manual breakout Enable_Basket_Pair_Link: false (since this basket chart is created by 4 NZD pair only -NZDUSD,NZDJPY,NZDCHF,NZDCAD) Import_Pair_List_Name:NZD7 (included all 7 NZD pairs txt note I created manually below) ReversePair1:true...
In your screen shot I see the EURNZD twice in the list instead of the AUDNZD.
  • #5,003
  • Aug 12, 2014 12:12pm Aug 12, 2014 12:12pm
Bug Alert !!!!!!

Version 24 posted on first page with bug fix

ilovePA found a bug in the version 23 so I have fixed it and posted version 24 on the first page.

This bug only affected the reverse trades after #2.

This is why you should always test a new EA on a demo account first.
The Coder is only human.
  • #5,004
  • Aug 12, 2014 2:25pm Aug 12, 2014 2:25pm
And a good one too...
  • #5,005
  • Aug 12, 2014 5:41pm Aug 12, 2014 5:41pm
Quoting exiao
{quote} Hi Aromos, I'm having problem to pick the lineup. Can you give me a sample (screen capture)? Thx.
Exiao,
Read Sunrisetofu's #4995 post, then setup the expert he mentions ( BT_CS v10 EA) on a blank chart (Its under the paperclip at top of forum page). Run it and it will give you reccomended baskets of currency pairs to buy and to sell.

Then either, a.) Trade the BUY&SELL pairs from BT_CS v10 on individual charts and set stop and TP entries, or b.) use Seller9's expert and the process he outlines to create a single offline SELL chart and a BUY chart with the baskets you selected.

Videos are on the first thread post and will walk you through the setup of his experts.

Good Luck
  • #5,006
  • Aug 12, 2014 9:52pm Aug 12, 2014 9:52pm
Quoting Smknyc
NZD base / counter example {image}
Smknyc,

With the picture, I'm slowly getting it.

Based on the image, this is what I got. If I think NZD is going to move with the up coming RED News, I will pick the NZD crosses. Am I right?
Keep learning while you are alive!
  • #5,007
  • Aug 12, 2014 10:07pm Aug 12, 2014 10:07pm
Quoting Leomeister
{quote} Exiao, Read Sunrisetofu's #4995 post, then setup the expert he mentions ( BT_CS v10 EA) on a blank chart (Its under the paperclip at top of forum page). Run it and it will give you reccomended baskets of currency pairs to buy and to sell. Then either, a.) Trade the BUY&SELL pairs from BT_CS v10 on individual charts and set stop and TP entries, or b.) use Seller9's expert and the process he outlines to create a single offline SELL chart and a BUY chart with the baskets you selected. Videos are on the first thread post and will walk you through...
Leomeister and others,

Your guys are very helpful and friendly. Thx.

For setting up the EA, I don't have any problem. However, if I only depend on EAs to run my trades, I was getting hits & misses. I like how Smknyc picks the trade basket with Human Intelligent and using no indicators. I like to learn his thought process.
Keep learning while you are alive!
  • #5,008
  • Aug 12, 2014 11:08pm Aug 12, 2014 11:08pm
Quoting seller9
Bug Alert !!!!!! Version 24 posted on first page with bug fix ilovePA found a bug in the version 23 so I have fixed it and posted version 24 on the first page. This bug only affected the reverse trades after #2. This is why you should always test a new EA on a demo account first. The Coder is only human.
Dear seller9, i tried to use to reverse 4 pairs but there is still a bug that makes one of the reversed pairs disappear, kindly check?

Regards
  • #5,009
  • Aug 13, 2014 1:12am Aug 13, 2014 1:12am
Hi seller9, I used PO setup on the future basket attached, but it did not trigger, how can i activate the ea to work on futures?

Regards


https://charts.mql5.com/5/435/daxexu...services-2.png
  • #5,010
  • Aug 13, 2014 1:17am Aug 13, 2014 1:17am
Quoting Aromos
{quote} Dear seller9, i tried to use to reverse 4 pairs but there is still a bug that makes one of the reversed pairs disappear, kindly check? Regards
A minor typo in the display code, I fixed it but didn't change the version number but updated the fixed EA to the first page, try it now.
  • #5,011
  • Aug 13, 2014 1:19am Aug 13, 2014 1:19am
Quoting Aromos
Hi seller9, I used PO setup on the future basket attached, but it did not trigger, how can i activate the ea to work on futures? Regards {image}
Nothing in this forum was designed to do futures.
  • #5,012
  • Aug 13, 2014 1:30am Aug 13, 2014 1:30am
Quoting seller9
{quote} A minor typo in the display code, I fixed it but didn't change the version number but updated the fixed EA to the first page, try it now.

Thank you seller9!
  • #5,013
  • Aug 13, 2014 1:32am Aug 13, 2014 1:32am
Quoting seller9
{quote} Nothing in this forum was designed to do futures.

Dear seller9, thanks for the clarification, do you have a plan to include indices in future?
  • #5,014
  • Aug 13, 2014 11:35am Aug 13, 2014 11:35am
Quoting Aromos
{quote} Dear seller9, thanks for the clarification, do you have a plan to include indices in future?
No
  • #5,015
  • Aug 14, 2014 2:09am Aug 14, 2014 2:09am
Quoting seller9
{quote} No
Thank you for clarifying. Cheers
  • #5,016
  • Aug 15, 2014 8:31pm Aug 15, 2014 8:31pm
Quoting seller9
Bug Alert !!!!!! Version 24 posted on first page with bug fix ilovePA found a bug in the version 23 so I have fixed it and posted version 24 on the first page. This bug only affected the reverse trades after #2. This is why you should always test a new EA on a demo account first. The Coder is only human.
But your a Kind & Smart Human keep up the good work S9
Don't forget Practice + Patience + Persistence = Profits
  • #5,017
  • Edited 6:38am Aug 18, 2014 6:10am | Edited 6:38am
i have a question about the basket writer ea (Basket_Writer_v3_670).
on a blank chart i have this ea running several times, each instance is producing an offline chart for a certain basket and timeframe. let's say it is attached 3 times for "GBP6": one for M15, one for H1 and one for H4. all those offline charts are opened. at the very beginning all 3 charts were in "sync", means, they were showing the same price of 300.00. every evening i close my mt4 instance on my local computer and in the morning of the next day i start the mt4 again, open the properties of each basket writer ea and hit "ok" (to get the overnight missed candles).

now, after one week or so, i can see, that the 3 different offline charts of GBP6 are "out of sync", they are not showing the same price anymore. means, M15 shows a different price than H1 and H4. see the screenshot, which shows GBP6 M15 and H1.

is there any solution to keep the charts "in sync"?

edit: my vps, where the same chart-setup is running 24/7 since more than one week, without ever closing the mt4, the prices even differ much more. while the price on my local computer is around 299.xx, on my vps it's around 293.xx. seems, that with each start of mt4, the basket writer ea "resets" the price to a start-value at 300.xx ?

edit2: after playing around and investigating the charts, it seems to be the globalvar "#GBP6#06_XX_Fact" (where XX is the timeframe), which is responsible for the calculation of the price on the chart, correct? if yes, then i have to set all 3 values for the 3 timeframes to the same value and everything should be in sync again. so my question seems to be answered.


Attached Image (click to enlarge)
Click to Enlarge Name: gbp_basket_difference.png Size: 38 KB
  • #5,018
  • Aug 18, 2014 12:26pm Aug 18, 2014 12:26pm
Hello All,

I would appreciate it if someone could explain (or point me to an explanation) the relationship to the pair placed on the BASE chart from which the OFFLINE chart is created. In other words, why would we use the EURUSD pair to create a base chart for a JPY basket, ...and when the the resulting offline chart comes up, the HAS and ixo indicators are referring to the EURUSD pair, even though we are using a JPY7 basket, for example?

I understand the concept of the relationship to some pairs moving in the same or the opposite direction to each other, but why not use a more relevant pair to create the base chart, like the JPY? What am I missing here?

Does the Basket Writer make an attempt to correlate pairs for the given base chart is is placed on? Or does it ignore the base chart and just look for pairs moving in alliance? And further, why are there different time-frame buttons from which baskets appear underneath? And are those pairs that appear underneath the time frame buttons moving in the same long or short direction....or do I have to figure that out by looking at the arrows (red, green, yellow ranging) by myself?

Unrelated, but I read recently that writing in the first person is an indication of depression. Just another observation.
  • #5,019
  • Aug 18, 2014 12:34pm Aug 18, 2014 12:34pm
Extreme gratitude for all support from this community!!
I like this approach on basket price action, I am trying to analyse how to identify the best baskets.
Think that picking the correct basket at the right moment is key.. still feel that I lack the understanding about the intraday dynamics to change or tweak the basket at certain times of day, how many times a day do you analyse the correlations?
Can we assume the more correlation exists in the basket pairs the more POI's or support resistance lines will be respected in the chart?
BR
Live with no regrets
  • #5,020
  • Aug 18, 2014 1:02pm Aug 18, 2014 1:02pm
Please tell me, What's a POI? Thank you.
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