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Basket Trading EA

  • #7,101
  • Jan 26, 2015 2:58am Jan 26, 2015 2:58am
Quoting PippyTheGrt
{quote} Afaics the groups are arranged based on them moving or not on a daily chart. I suggest you pull up all relevant charts yourself and compare his weekly postings against each other to see what might have been a reason for a pair to switch from one to the other group. What is it that you SEE ? He doesn't change his 2 splits during the week but he picks what pair(s) (= basket) he wants to trade based on the currency with a news event coming up. He has posted a few screen shots with his daily routine; I suggest you find those if you haven't already....
Hi Pip, thanks for you fast reply ! I've spent more than 8 hours yesterday reading posts in this thread, related info about basket trading and currency pairs, info provided in link you posted and read EVERY SINGLE post of smk. But you know what - I won't say I don't get how he makes the splits - I will say that most probably we see things differently. It scares me a little bit as long as he is pro, but i am going there too

Here is my basket. What is in common about my basket pairs that I SEE them going up (from 4hr charts). Btw I am not using any indicators as well. PA, SR, Trendlines only.

If you have any comments it would be much appreciated !

Cheers !
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  • #7,102
  • Jan 26, 2015 4:03am Jan 26, 2015 4:03am
Quoting 01donatas
{quote} Hi Pip, thanks for you fast reply ! I've spent more than 8 hours yesterday reading posts in this thread, related info about basket trading and currency pairs, info provided in link you posted and read EVERY SINGLE post of smk. But you know what - I won't say I don't get how he makes the splits - I will say that most probably we see things differently. It scares me a little bit as long as he is pro, but i am going there too Here is my basket. What is in common about my basket pairs that I SEE them going up (from 4hr charts). Btw I am not...
Good Job. Tweak your AUD BASKET in this order, before you start taking all the pips away from me .

AUDJPY
AUDCHF
AUDUSD ( ADD THESE LEVELS 0.7949 / 0.7719 )
EURAUD

AUDNZD
GBPAUD


Keep up the good work.

Cheers
Trading is Methodical - Markets are Emotional
  • #7,103
  • Jan 26, 2015 4:17am Jan 26, 2015 4:17am
Quoting 01donatas
{quote} Hi Pip, thanks for you fast reply ! I've spent more than 8 hours yesterday reading posts in this thread, related info about basket trading and currency pairs, info provided in link you posted and read EVERY SINGLE post of smk. But you know what - I won't say I don't get how he makes the splits - I will say that most probably we see things differently. It scares me a little bit as long as he is pro, but i am going there too Here is my basket. What is in common about my basket pairs that I SEE them going up (from 4hr charts). Btw I am not...
Is your robot running, because it isn't in the screen shot lol
Apart from that there's not much I can say about your basket I'm afraid, just try it out and see what happens.
The chances of each of us seeing things the same are close to zero. There's no right or wrong, just profitable and not profitable If you can find a way to make that happen, then that is YOUR way. There are as many ways to skin a cat as there are cat skinners. Let's skin some.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,104
  • Jan 26, 2015 5:19am Jan 26, 2015 5:19am
Quoting Smknyc
{quote} Good Job. Tweak your AUD BASKET in this order, before you start taking all the pips away from me . AUDJPY AUDCHF AUDUSD ( ADD THESE LEVELS 0.7949 / 0.7719 ) EURAUD AUDNZD GBPAUD Keep up the good work. Cheers
Hmm, so you think the core will meet weekly/monthly support ? For now I bet the opposite - I think it's going to retrace.
What do you mean by tweaking the basket in the order you listed ?


PippyTheGrt, yes, that's exactly what I had in mind. I just wanted to get the idea of basket creation looking at smks posts/charts/pictures. So i was trying to figure it out, but I see things in another way. And that's no bothering me now.
And yes, i've started the robot ) trade is taken. Update attached.

Let's skin some.
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  • #7,105
  • Jan 26, 2015 5:50am Jan 26, 2015 5:50am
Quoting sajidkust
Dear traders, Plz help me out that why robot is not taking any trade? {image}
Was there one BO/PO line or you deleted one manually ?

As I understand, you must leave both break out lines, because robot won't know if he has to buy or sell when it breakes/reaches it.
  • #7,106
  • Jan 26, 2015 6:38am Jan 26, 2015 6:38am
01donatas,

I tried a lot (not enough apparently) but how do did you get "No Auto Trading" in the button ?
Exactly what i want but can't get.
info@metacharttools,com
  • #7,107
  • Jan 26, 2015 6:49am Jan 26, 2015 6:49am
Quoting cj2
{quote} Hi Thanks I have attached this to the file, but still having the same issues, no box appearing to create file. Unsure what you mean set hot key. Everything seems to be running fine, indicaters in place but no box appearing to create chart. Must be something simple but tearing my hair out (not really im bald already. lol) {image}
Hi cj2,

Included within the Getting Started folder, you have an indicator folder which contains an indicator called "Basket_Create_v3_670et.ex4", make sure you have this indicator copied to your indicator folder.

1. When the above indicator is in your indicator folder, open your terminal and under the indicators list, look for the Basket_Create indicator.

2. Right-click on the indicator and select "Set Hot Key"

3. In the window that pops up, in the first field select Alt and in the second field, type "G". The Hot Key used by seller9 for this function is Alt+G.

Try this and see if it solves the problem.
  • #7,108
  • Jan 26, 2015 6:59am Jan 26, 2015 6:59am
Quoting Hotpotato
01donatas, I tried a lot (not enough apparently) but how do did you get "No Auto Trading" in the button ? Exactly what i want but can't get.
No Auto Trading mode is automatically set when BO or manual trade is made. That's my settings, you can modify it in your BT_14 Expert Advisor under the input section -> at the bottom you will find "restart after manual trade" and "restart after bo trade" you can choose between true and false.
Inserted Video


Guys I strongly recommend you to watch all videos provided here: https://www.youtube.com/channel/UC2z...fhJ-snwqu3VKTA
DONT BE LAZY. SO MUCH HARD work was done here, it would be more than stupid not to know every single feature of this EA.
Besides that, this monster is so easy to control and the videos are SO CLEAR and NO FLUFF TALK - every sentence makes sense, short, straight to the point.

Green pips to you all !
  • #7,109
  • Jan 26, 2015 8:15am Jan 26, 2015 8:15am
Believe me i watched all the videos and tried every setting i could think of but i just cannot find the one that stops BT from closing my trades Manual or BO/PO when trading against the HAS direction.
You may call me stupid and i will call myself probably the same when somebody gives me the solution or i find it myself (but that's unlikely since i have bee trying to find it for days now).
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info@metacharttools,com
  • #7,110
  • Jan 26, 2015 8:22am Jan 26, 2015 8:22am
There are few things I would like to share with you guys. As we all already know the success depends mostly on the mindset, not the strategy.
You can gain using few moving averages, or trading naked charts, but if you won't be able to keep your mind calm - you're done.

Today I showed the basked I chose and the trade is still running (the chart is attached)

At first I had a small drawdown, then it went up, and then down again. I thought it might go down to my SL. Now I am thinking the same.
Of course it can. And it's going down as I am writing this post. But my trailing stop is above the entry point so my fingers aren't shaking

What I want to say is - if you're going to start guessing and make CHANGES BETWEEN YOUR OWN THOUGHTS you will sabotage yourself (forex is such a great place to do that). You will be confused. When you are confused you can't think clearly. When you can't think clearly you make mistakes. More mistakes = More loss.

Storm in you brain will blow your account.

Don't let it happen.
PLAN YOUR TRADE - TRADE YOUR PLAN
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  • #7,111
  • Jan 26, 2015 8:25am Jan 26, 2015 8:25am
Quoting Hotpotato
Believe me i watched all the videos and tried every setting i could think of but i just cannot find the one that stops BT from closing my trades Manual or BO/PO when trading against the HAS direction. You may call me stupid and i will call myself probably the same when somebody gives me the solution or i find it myself (but that's unlikely since i have bee trying to find it for days now). {image}
You've probably already checked this, but is the Has exit set to false in the settings?
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  • #7,112
  • Jan 26, 2015 8:30am Jan 26, 2015 8:30am
Quoting Hotpotato
Believe me i watched all the videos and tried every setting i could think of but i just cannot find the one that stops BT from closing my trades Manual or BO/PO when trading against the HAS direction. You may call me stupid and i will call myself probably the same when somebody gives me the solution or i find it myself (but that's unlikely since i have bee trying to find it for days now). {image}
Hmm..
1. If you trade manually you can hit Stop Robot button so the robbot will be stoped, that's it.
2. You can hit (R) button in right of the (Close) button (Robot won't close trades, that setting are in the BT_14 input section as well !)
3. Why there is HAS settings 2-12-2-4 and no HAS on the chart ?
4. Maybe you got the same magic number running on another BT_14 ?
  • #7,113
  • Jan 26, 2015 9:07am Jan 26, 2015 9:07am
Quoting 01donatas
There are few things I would like to share with you guys. As we all already know the success depends mostly on the mindset, not the strategy. You can gain using few moving averages, or trading naked charts, but if you won't be able to keep your mind calm - you're done. Today I showed the basked I chose and the trade is still running (the chart is attached) At first I had a small drawdown, then it went up, and then down again. I thought it might go down to my SL. Now I am thinking the same. Of course it can. And it's going down as I am writing this...
YES INDEED

This trade > +1R now and counting.

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This trade at +1R.

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It takes courage to grow up and become who you really are - E.E. Cummings
  • #7,114
  • Jan 26, 2015 9:14am Jan 26, 2015 9:14am
UPDATE:
I kicked out NZDCAD out of the basket (closed position manually), because this pair was falling all day and dragging my basket down. (almost -55$ loss accepted)
Won't close AUDCAD because I don't see it falling.

I have put my TP higher as it moved with a power.
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  • #7,115
  • Jan 26, 2015 9:17am Jan 26, 2015 9:17am
@demp

Thanks and yes i checked that.

@01donatas

4. I make my magic the same as my baskets(numbers) so unique
1+2. Are no option because you can not use the SL/TP etc. anymore.
3.

Just now i tried to turn the indicator link off and set all the HAS values in the settings to zero and that worked !

But i still can't not understand why it is closing trades on HAS_D if UseHAS_D_AsExit is set to false.
info@metacharttools,com
  • #7,116
  • Jan 26, 2015 9:27am Jan 26, 2015 9:27am
Quoting Hotpotato
@demp Thanks and yes i checked that. @01donatas 4. I make my magic the same as my baskets(numbers) so unique 1+2. Are no option because you can not use the SL/TP etc. anymore. 3. Just now i tried to turn the indicator link off and set all the HAS values in the settings to zero and that worked ! But i still can't not understand why it is closing trades on HAS_D if UseHAS_D_AsExit is set to false.

The robot read HAS settings from the HAS itself (if you're using default BT_14 settings), but i could not see HAS attached to your chart..
Is HAS indicator on your indicators list on that particular chart where robot closes the trades?
  • #7,117
  • Jan 26, 2015 9:38am Jan 26, 2015 9:38am
Donatas,

No, there was no has on the chart.
I had it on, had it off, enabled the link, disabled the link, had it on with link, etc. etc. (don't forget i am already working on this problem for a couple of days).

I will start over testing on a fresh mt4 + install, perhaps due to the many settings i tried i could not see the solution anymore.
info@metacharttools,com
  • #7,118
  • Jan 26, 2015 9:54am Jan 26, 2015 9:54am
Quoting Hotpotato
Donatas, No, there was no has on the chart. I had it on, had it off, enabled the link, disabled the link, had it on with link, etc. etc. (don't forget i am already working on this problem for a couple of days). I will start over testing on a fresh mt4 + install, perhaps due to the many settings i tried i could not see the solution anymore.
Yes, in this case it would be much easier to reinstall the platform and set everything up from a scratch.
  • #7,119
  • Edited 12:54pm Jan 26, 2015 9:57am | Edited 12:54pm
Trading off the PA ( Price Action ) Chart is a METHOD not some rigid entry and exit SYSTEM which teaches you nothing. Trading systems only work in trading conditions they built/program for, since we are all so fascinated with indicators we forget all the information interpreted by the indicator derived from price action anyways. Being a successful traders means you know how to read the charts and understand currency price dynamics. Let your eyes and skills,patience,discipline decide when to enter or exit the market. Stop manufacturing / force trading.

What do you mean tweak your pairs/basket in this order?

  1. Heavy weights , middle weights and so on
  2. Liquidity
  3. Spreads
  4. Plan your trades - Trade your plan I am so glad to hear its finally syncing in.


Cheers
MAGIC 8 ball along with Seller EA manage your trades all the way to the BANK.

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Trading is Methodical - Markets are Emotional
  • #7,120
  • Jan 26, 2015 1:08pm Jan 26, 2015 1:08pm
Came back home and found TP hit - almost 800 pips COMPOUNDED today !

PLAN YOUR TRADE - TRADE YOUR PLAN
easy to say, not so easy to do, but everything is up to you
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