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Basket Trading EA

  • #6,201
  • Oct 30, 2014 11:40am Oct 30, 2014 11:40am
Quoting micello
hello, thank you seller9 & sharemaster2 for your respond I know BE & TP are independent what I mean: TP 35x14pairs = 490 BE 27x14 = 378 (it should be 112 pips below TP) but this is not the piont the point is - it looks like BE is not multiple of pairs number I miss something in settings? {image}
BE is not suppose to be a multiple of number of pairs as to where it is placed, BE means Break Even, it is always placed at a point close to your open price so if price pulls back to it you get kicked out of the trade with no gain or no loss.

Of course BE will not be set until price advances into profit the number of pips you have chosen in the settings, this number of pips uses the number of pairs to determine when this happens.

If you want to follow price then use a trailing stop loss to lock in more pips as the price advances in your direction.
  • #6,202
  • Oct 30, 2014 11:41am Oct 30, 2014 11:41am
Quoting micello
according to suggestions, not about basket writer, but EA BE trailing (with steps) - it can protect profit you already have (standard BE do not protect profit if they are additional trades) {image}
Why not use trailing stop loss????
  • #6,203
  • Edited 2:23pm Oct 30, 2014 2:09pm | Edited 2:23pm
Quoting seller9
{quote} BE is not suppose to be a multiple of number of pairs as to where it is placed, BE means Break Even, it is always placed at a point close to your open price so if price pulls back to it you get kicked out of the trade with no gain or no loss. Of course BE will not be set until price advances into profit the number of pips you have chosen in the settings, this number of pips uses the number of pairs to determine when this happens. If you want to follow price then use a trailing stop loss to lock in more pips as the price advances in your...
so I misunderstood the description in EA settings

what actually means this info / BE: (27-0-378) ... / ?

I suppose if I set 27pips in EA settings (EA manage of 14 pairs) it will set BE at 378 pips over the entry
Attached Image
  • #6,204
  • Oct 30, 2014 2:22pm Oct 30, 2014 2:22pm
Quoting seller9
{quote} Why not use trailing stop loss????
If the entry is not perfect (as many of automated by EAs) it can give you temporary loses with could be bigger than you want to trail later

quite often trade need a breath first, to be profitable later (especially if entry is out of our eyes)

solution would be option:
SL xx pips (as initial settings)
trail for xx pips if profit (instead of "true/false")
  • #6,205
  • Oct 30, 2014 3:07pm Oct 30, 2014 3:07pm
Quoting micello
{quote} so I misunderstood the description in EA settings what actually means this info / BE: (27-0-378) ... / ? I suppose if I set 27pips in EA settings (EA manage of 14 pairs) it will set BE at 378 pips over the entry {image}

NO NO NO, that means when the price gets 378 pips in profit from the open, the BE will be set at the open price plus any offset you have entered.


378 pips of profit is not Break Even, Break Even means you close the trade with no gain or no loss.


27-0-378
27 = pips each pair
0 = offset for slippage
378 = (27*14) + 0 = 378 pips total pips profit before BE is set at open price plus offset
  • #6,206
  • Oct 30, 2014 10:21pm Oct 30, 2014 10:21pm
Attached Image (click to enlarge)
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Need some help please. Had a short power outage and had to restart MT4. I had the EA running with save trade settings set to true. When I reloaded EA with same magic number everything seems to come back to normal. But I cant get back into live trading. The button just says "no live trading" Tried clicking it but it does not do anything. I triple checked everything including live trade enabled etc.. Any Ideas?
  • #6,207
  • Oct 30, 2014 10:44pm Oct 30, 2014 10:44pm
Quoting thorn
{image} Need some help please. Had a short power outage and had to restart MT4. I had the EA running with save trade settings set to true. When I reloaded EA with same magic number everything seems to come back to normal. But I cant get back into live trading. The button just says "no live trading" Tried clicking it but it does not do anything. I triple checked everything including live trade enabled etc.. Any Ideas?
That is exacly what you have, no less , no more. Everything is right.
  • #6,208
  • Oct 30, 2014 11:47pm Oct 30, 2014 11:47pm
Uhh, no. I want It to auto trade and it wont. How do you restart the robot once it has been reloaded. Somehow it isnt saving the settings like It should. The tp and sl settings have vanished also. Instead of trade active like it was, it now says no auto trading. The start live trading button pops up just for a second on reload then goes to no auto trading. Using build 745 maybe that's the problem.
  • #6,209
  • Oct 31, 2014 12:05am Oct 31, 2014 12:05am
Quoting thorn
Uhh, no. I want It to auto trade and it wont. How do you restart the robot once it has been reloaded. Somehow it isnt saving the settings like It should. The tp and sl settings have vanished also. Instead of trade active like it was, it now says no auto trading. The start live trading button pops up just for a second on reload then goes to no auto trading. Using build 745 maybe that's the problem.
Stop Robot and Under Expert Advisor, Proporties add or adjust your SL, TP ect. Then start Robot and you will be ready to continue trading. If you are in trade and you want changer like TP or SL or.. , then just stop Robot and do it, then start Robot and you are ready to go.
  • #6,210
  • Oct 31, 2014 1:21am Oct 31, 2014 1:21am
It is so fun to go to the store to buy a six-pack at noon (for lunch, burgers on the grill) , and return home to see this. Ahhh...Remember that old Miller commercial jingle: If you've got the time... We've got the beer! Oh yeah, and it's Friday!
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  • #6,211
  • Oct 31, 2014 2:30am Oct 31, 2014 2:30am
Quoting darranforex
It is so fun to go to the store to buy a six-pack at noon (for lunch, burgers on the grill) , and return home to see this. Ahhh...Remember that old Miller commercial jingle: If you've got the time... We've got the beer! Oh yeah, and it's Friday! {image}
Hi,darran,

Why screenshot are different between us?
I use IXO1 6600 too..
and before last bar,you have a red bar,i haven't it..
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  • #6,212
  • Oct 31, 2014 3:25am Oct 31, 2014 3:25am
Quoting 274275025
{quote} Hi,darran, Why screenshot are different between us? I use IXO1 6600 too.. and before last bar,you have a red bar,i haven't it.. {image}
Because he from China. Thailand was long time ago Independent country, but now it is under China and Thailand are now China Mainland. There are also Internet restricted, so because this shit happens and all the time.
Hong Kong was under UK, but years ago UK gives back to Hong Kong a freedom and now it is under China, but China let to Hong Kong do where ever they want and they have there real freedom like an other Capitalist country's. But travel from Main land China to Hong Kong are restricted.
  • #6,213
  • Edited 4:08am Oct 31, 2014 3:47am | Edited 4:08am
Quoting x58
{quote} Because he from China. Thailand was long time ago Independent country, but now it is under China and Thailand are now China Mainland. There are also Internet restricted, so because this shit happens and all the time. Hong Kong was under UK, but years ago UK gives back to Hong Kong a freedom and now it is under China, but China let to Hong Kong do where ever they want and they have there real freedom like an other Capitalist country's. But travel from Main land China to Hong Kong are restricted.
I don't want discuss politics,and i m a personages without party affiliation.I put MT4 in my california VPS..
  • #6,214
  • Oct 31, 2014 3:56am Oct 31, 2014 3:56am
Excuse me for asking but what do you write between brackets when you want to create a 14 pair basket, i know if i create #JPY7# but i dont remember what to write when i use 5 or 14 pair.
  • #6,215
  • Oct 31, 2014 7:09am Oct 31, 2014 7:09am
Quoting x58
{quote} Because he from China. Thailand was long time ago Independent country, but now it is under China and Thailand are now China Mainland. There are also Internet restricted, so because this shit happens and all the time. Hong Kong was under UK, but years ago UK gives back to Hong Kong a freedom and now it is under China, but China let to Hong Kong do where ever they want and they have there real freedom like an other Capitalist country's. But travel from Main land China to Hong Kong are restricted.
You don't know what you are talking about my country ,Thailand. I do not agree with you.
  • #6,216
  • Oct 31, 2014 7:27am Oct 31, 2014 7:27am
Quoting Thass
{quote} You don't know what you are talking about my country ,Thailand. I do not agree with you.
Hey Guys,

We trade here and not Politics, lest leave the Political fundamentals out of here. This thread is different from all the other threads because of the method we use here and the people here. No Political Shenanigans on this thread will be accepted, you either want to make green pips or you don't and therefore can make your exit to the other threads on FF!!!

If this goes on, then Seller may have to start using the BAN option and block access to this thread for some people.

Be warned guys!!

All the Best!!
Born to rule my Economic World and Make a Difference!
  • #6,217
  • Oct 31, 2014 1:23pm Oct 31, 2014 1:23pm
Quoting sharemaster2
{quote} Hey Guys, We trade here and not Politics, lest leave the Political fundamentals out of here. This thread is different from all the other threads because of the method we use here and the people here. No Political Shenanigans on this thread will be accepted, you either want to make green pips or you don't and therefore can make your exit to the other threads on FF!!! If this goes on, then Seller may have to start using the BAN option and block access to this thread for some people. Be warned guys!! All the Best!!
  • #6,218
  • Edited 9:57pm Nov 2, 2014 7:08am | Edited 9:57pm
Hi guys,

Be reasonable when you want to learn something, reasonable when you make an entry, reasonable with your winning pips and losses.

To be reasonable is not easy. It needs Patience, Passion, Mastering The Basics, Understand The Risk and Control in all angle if possible.

To achieve all the above, you need to change your trading thinking, behaviour, emotion, communication and habits.

Forex trading is a high risk business and same goes to basket trading.

Take chances to win by controlling the risk factor. Take losses as your limit of reasonable acceptance.

Don't forget to practice like hell....ask questions later!!

Everything will be fine.

All the best to all and happy weekend.

Best regards
Kopra

No entry is perfect until we manage our mistake and turn to our advantage.
It is a matter of practicing....accept reasonable losses and receive "unexpected" results.

Trading method : ADD new entry with winning equity(TP1) and trailing stop loss. All functions and control made available in BT EA.
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[EDIT : Latest update during Asian Session. Not including today's entry...]
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You do good, Good will come to you. Self deception never succeed.
  • #6,219
  • Edited 7:32pm Nov 3, 2014 6:17am | Edited 7:32pm
Quoting 274275025
{quote} Hi,darran, Why screenshot are different between us? I use IXO1 6600 too.. and before last bar,you have a red bar,i haven't it.. {image}
Hi There. To answer your question, it has to do with broker/server location. You will often hear people mentioning with great consternation how their charts look different from someone else's chart. My server is in a different place, different time-zone, than yours is. Because time based bars are just that, time on this rolling planet depends on where you are. And candles are formed in time, based on the time your broker server thinks it is, at least in this situation, unless you're using price-based bars, like Renko. So, different brokers start their candles at different times, making them look different in comparison to other broker's candles. And, when many different pairs are rolled into one candle, this exacerbates that phenomenon. Therefore, the bars in a chart can look different on other peoples charts, compared to yours. I think of visiting McDonald's: at one location in town, the french fries are crisp and delicious, yet on the other side of town, they are greasy, soggy and, well, same-same but different.
  • #6,220
  • Nov 4, 2014 5:19pm Nov 4, 2014 5:19pm
Subscribe to this thread. Just have been set up this EA. Idea looks good. It is too much pages to read, i were read about half. I must create everyday/week new combinations of baskets regarding to currency strength or i can create my basket just one time ( i.e. xxxUSD ) and always use it ?
Thanks in advance.
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