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  • #641
  • Feb 21, 2015 1:16pm Feb 21, 2015 1:16pm
Quoting felixis
{quote} {quote} i give you a counter example that falsify this assertion say we have a basket made of 2 pairs EURUSD weight = 1 GBPUSD weight = -1 basket value = EURUSD + 1 / GBPUSD at time t0 you buy the basket at the following values EURUSD = 1 *********** buy 0.01 lot ********** pip value = 0.1$ GBPUSD = 1 ***********sell 0.01 lot ********* pip value = 0.1$ basket value = 1 + 1 / 1 = 1 + 1 = 2 at time t1 you have the following values EURUSD = 1.75 GBPUSD = 4 basket value = 1.75 + 1 / 4 = 1.75 + 0.25 = 2 normally according to you you have 0 gain/loss...
This not a valid example of a basket. Also pair prices are not real examples. So its meaningless.
In your example you are shorting and longing USD at the same time (aka Hedging).
No guts, no glory
  • #642
  • Feb 21, 2015 1:30pm Feb 21, 2015 1:30pm
My view so far on Basket System:

Basket Chart to be used as an Indicator, traded Manually or using an EA.

Basket may not be a 100% perfect presentation of the underlying pairs/instruments, but should be CLOSE ENOUGH.

Basket should have a "meaning" in order to be used as an indicator, such as the examples I posted before:

  1. Currency Indexes (perfect example)
  2. Commodity Currencies
  3. Hi-Tech Companies
  4. Latin America Currencies
  5. Asian Currencies
  6. ....

No guts, no glory
  • #643
  • Feb 21, 2015 1:30pm Feb 21, 2015 1:30pm
Quoting felixis
[b]{quote} 1099 / 9 = 122 pip on average if you trade only the EURAUD pair with 10 time the position you would have made 244 * 10 = 2440 pips
And just when i thought you were one smart dude you decided to post this......

The difference between trading EURAUD 10 times and trading with a basket of 10 pairs is to reduce your risk.......

If you bum out on your entry of EURAUD you lose big time....10 X Negative....

If you choose your 10 pairs correctly then it is seldom that you will bum out on all 10 pairs.....Not to say it cant happen....

Stick to the offline chart topic where you have an inkling of sense......
  • #644
  • Feb 21, 2015 1:38pm Feb 21, 2015 1:38pm
Quoting felixis
if you want more pip in one day isuggest you put all the instruments available in your mt4 platform for sure you will end up with 20000 pip in one day but i have a question, where is your stop ?? you earn 1099 pip for what risk ? why you use pip ? pip is not important its the money that is a scalper gain few pip but a lot of money anyway
The EA can offer different options for Exit:

  1. Equity Gain Percentage / Equity Loss Percentage
  2. Equity Gain Cash / Equity Loss Cash
  3. Equity Gain Percentage/Cash Trailing
  4. Stop Level at the Basket Chart
  5. ....

No guts, no glory
  • #645
  • Edited 3:11pm Feb 21, 2015 2:41pm | Edited 3:11pm
Quoting abokwaik
{quote}
This not a valid example of a basket. Also pair prices are not real examples. So its meaningless. In your example you are shorting and longing USD at the same time (aka Hedging).
ah at last

I gave you a mathematical counter example that disprove that you are trading money

you can replace all the values and the name of the pairs it doesnt matter the math will be the same

as a programmer i expect you understand the concept of Counterexample in mathematic
  • #646
  • Feb 21, 2015 2:57pm Feb 21, 2015 2:57pm
Quoting abokwaik
{quote} I/You wouldn't know in advance that EUR/AUD is going to be the Biggest Winner. Would we ?
Exactly!
  • #647
  • Feb 21, 2015 3:01pm Feb 21, 2015 3:01pm
Quoting Gvc
{quote}If you choose your 10 pairs correctly then it is seldom that you will bum out on all 10 pairs
. And the biggest secret is in the exits...
  • #648
  • Feb 21, 2015 3:15pm Feb 21, 2015 3:15pm
Quoting Gvc
{quote} And just when i thought you were one smart dude you decided to post this...... The difference between trading EURAUD 10 times and trading with a basket of 10 pairs is to reduce your risk....... If you bum out on your entry of EURAUD you lose big time....10 X Negative.... If you choose your 10 pairs correctly then it is seldom that you will bum out on all 10 pairs.....Not to say it cant happen.... Stick to the offline chart topic where you have an inkling of sense......
its just because abokwaik use a pip example on a hindsight trade that i mention the single pair case
with hindsight no problem you win big

the concept of burnout on all pair doesnt matter because what matter is the global stop and the money lost if the trade doesnt go in your way

yes the risk is compounded if you trade many instruments
just as if you trade many strategies
but the winning is subdued also

so if you treat the basket as an indicator then i hope you dont put horizontal lines or stops on the offline chart because it will mislead you
  • #649
  • Feb 21, 2015 3:18pm Feb 21, 2015 3:18pm
Quoting felixis
{quote} ah at lastI gave you a mathematical counter example that disprove that you are trading moneyyou can replace all the values and the name of the pairs it doesnt matterthe math will be the sameas a programmer i expect you understand the concept of Counterexample in mathematic
I have said from the beggining in many posts that a Basket should be Meaningful. I also said that you can mix and match as long as you know what's you're doing. Your counter example is an example of a basket setup incorrectly. I advise you not to trade it because you've just proved that it is meaningless.You don't just setup a basket and go trade it. You need to validate its behavior compared to its components. After that you can use it as an INDICATOR.
No guts, no glory
  • #650
  • Feb 21, 2015 3:26pm Feb 21, 2015 3:26pm
ok so this is crystal clear Abokwaik
but then when you put an ea on it its strange because ea is supposed to be put on an instrument not on an indicator of the instrument
dont you think if one guy put an ea on the offline chart he will be confused ?
  • #651
  • Edited 11:07pm Feb 21, 2015 3:36pm | Edited 11:07pm
With clear documentation and demo testing I think not.
... oh wait, on a second thought, it could be dangerous, so I will keep it to myself for now until I am confident that it is safe.
No guts, no glory
  • #652
  • Feb 21, 2015 9:19pm Feb 21, 2015 9:19pm
Quoting felixis
ok so this is crystal clear Abokwaik but then when you put an ea on it its strange because ea is supposed to be put on an instrument not on an indicator of the instrument dont you think if one guy put an ea on the offline chart he will be confused ?
BBut I think every ea might requrie values, whether it may be indicator or price values, rather the ea can be applied any where, but as u said the outcome of the trade will be different if the price returned to the trade entry level
  • #653
  • Feb 22, 2015 12:27am Feb 22, 2015 12:27am
Quoting felixis
summing the iHigh of the pairs still gives you a virtual high for the basket as the iHigh is the high of the 1minute bar of each pair
you can sample every 1nanosecond it will change nothing. if you want to have the real bar you must sample from the Bid value of MQL4 and create the bar with
high = max(high, Bid) low = min(low, Bid) , but because you are sampling every 50milliseconds you could miss a Bid tick and thus the bar would be wrong
moreover because your history has been made by iLow and iHigh, the history high of the basket is still virtual
thus you would have a mismatch between the history and the current bars because the method of getting the high would be different
..
I must agree on this one, felixis.

I'll try to work it out in a better way.
No guts, no glory
  • #654
  • Edited 3:38am Feb 22, 2015 3:28am | Edited 3:38am
Basket Systems

Got it FIXED.
Now High and Low are taken as Distinct Values on each M1 bar, and the process is repeated until Higher Time Frame Bar is completely formed.
No Extreme Difference compared to the old script, BUT, this is the CORRECT and LOGICAL way to do it.
Still it is not 100%, as we are relying on M1 Data and not Tick Data, but it is certainly more acceptable.
Thanks felixis for pointing this out.

Comparison chart between the 2 scripts is attached.
Check the colored horizontal lines, and the Blue Circled set of Bars.

Attached Image (click to enlarge)
Click to Enlarge Name: Basket_Fixed_HL.png Size: 109 KB
No guts, no glory
  • #655
  • Feb 22, 2015 5:11am Feb 22, 2015 5:11am
Quoting abokwaik
Basket Systems Got it FIXED. Now High and Low are taken as Distinct Values on each M1 bar, and the process is repeated until Higher Time Frame Bar is completely formed. No Extreme Difference compared to the old script, BUT, this is the CORRECT and LOGICAL way to do it. Still it is not 100%, as we are relying on M1 Data and not Tick Data, but it is certainly more acceptable. Thanks felixis for pointing this out. Comparison chart between the 2 scripts is attached. Check the colored horizontal lines, and the Blue Circled set of Bars. {image}...
where is the new script bro?
  • #656
  • Edited 5:35am Feb 22, 2015 5:19am | Edited 5:35am
Quoting scalper.exp
{quote} where is the new script bro?
Its under Safety Tests.
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  • #657
  • Feb 22, 2015 6:41pm Feb 22, 2015 6:41pm
A potentially perfect setup for basket version of 'Trap Breaker'...
Attached Image (click to enlarge)
Click to Enlarge Name: AUD BASKET.png Size: 16 KB
  • #658
  • Feb 22, 2015 6:45pm Feb 22, 2015 6:45pm
...text book sell setup on CADBSKT...
Attached Image (click to enlarge)
Click to Enlarge Name: CAD BASKET.png Size: 14 KB
  • #659
  • Feb 23, 2015 12:48am Feb 23, 2015 12:48am
For Basket enthusiasts,

I've spent sometime searching available basket threads on FF, and found that most of them were based on or inspired from T101 thread.

So I am going to open a new thread dedicated to Basket Robots that hopefully will offer a new perspective.


Regards,

Khalil
No guts, no glory
  • #660
  • Feb 23, 2015 2:53am Feb 23, 2015 2:53am
Quoting LITEchild
A potentially perfect setup for basket version of 'Trap Breaker'... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AUD BASKET.png Size: 16 KB
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