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Basket Trading EA

  • #7,901
  • Feb 23, 2015 11:23am Feb 23, 2015 11:23am
Hello,
My trades for today are Bellow:

JPY7 Traded two times

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C5

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Magic 8 Balls

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my daily target is 2%

C5 and Magic were extra lol, Total for today 3.4% or 117 pips
if there is market there will be opportunities
  • #7,902
  • Feb 23, 2015 12:15pm Feb 23, 2015 12:15pm
Hy and sorry for noobies question... but i f i want use livetrading with HSA cross and CCI cross is it ok set entry1=true and entry5= true..? That's it?
Thanks
Regards
  • #7,903
  • Feb 23, 2015 12:32pm Feb 23, 2015 12:32pm
Quoting Opemipo
Why GBP went up...{image} Why CHF went South...{image} Phemmy
because gbp uptrend and must touch resistant level @3.0165

http://i.hizliresim.com/j4yvV9.jpg

yes, we are in the same ship bro
  • #7,904
  • Edited 1:24pm Feb 23, 2015 12:36pm | Edited 1:24pm
Quoting cescof
Hy and sorry for noobies question... but i f i want use livetrading with HSA cross and CCI cross is it ok set entry1=true and entry5= true..? That's it? Thanks Regards
yes, it must work.
  • #7,905
  • Feb 23, 2015 12:40pm Feb 23, 2015 12:40pm
todays trade.
bought when price candles inside the green box and closed approaching previous area of resistance i
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Look to the LEFT of your CHART.....
  • #7,906
  • Feb 23, 2015 1:26pm Feb 23, 2015 1:26pm
more closed trades some by EA others manually.
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Click to Enlarge Name: Trade Closed-2-19---19-15.gif Size: 64 KB
Look to the LEFT of your CHART.....
  • #7,907
  • Feb 23, 2015 8:39pm Feb 23, 2015 8:39pm
Hi, i have already seen all the videos and read 200 pages of this thread but still i have some questions, hope someone can help me

1. what is entry 1,2,3 and 4 for? (i want to clarify, i think i know but would be excellent if some of you guys can please tell me)
2. how can i open TF 5m, 15m or other TF different from 1H in offline charts?
3. what parameters are you using to select your basket?

Ty in advance and sorry for the newbie questions
Perfecting your entry will increase your profits
  • #7,908
  • Edited 7:04am Feb 24, 2015 3:08am | Edited 7:04am
Hi Deliciouspip,

1. What is entry 1,2,3 and 4 for? (i want to clarify, i think i know but would be excellent if some of you guys can please tell me)

Entry 1 : heiken ashi signal (change of color), I XO1 A H filter (color),
Entry 2 : heiken ashi signal (change of color), I XO1 A H filter (color), I XO2 A H filter (color),
Entry 3 : heiken ashi filter (color), I XO1 A H filter (color), I XO2 A H signal (change of color),
Entry 4 : heiken ashi filter (color), I XO1 A H signal (change of color), I XO2 A H filter (color).

You should ban the use of indicators. All traders with 5+ years of experience will agree to say that they will only give poor odds on the medium and the long run. They are too laggy, you should use your amazing eyes. Watch the past, draw trendlines.

2. How can i open TF 5m, 15m or other TF different from 1H in offline charts?

You have to create an offline chart for each timeframe, attach "Basket Create", set TF as desired.

You should stay away from the small timeframes, you will get too much bad signals, fake breakouts, ... trading will be stressful. The big players are only using daily, weekly, and monthly bar charts. It is better to focus at least on the hourly timeframe.

3. What parameters are you using to select your basket?

Most of the people here have first used "C14", "C5" baskets.

Then, they have followed the last videos of Seller9, which suggests to take the most strengthful pairs (+/- 80 pips) with one basket for the up side, one for the down side.

Some traders are using currency baskets, for example only JPY, USD, GBP pairs, depending on the news to come, on the current fundamentals.

Some traders only ride the trend, other only trade range breakout, or more advanced technicals.
  • #7,909
  • Feb 24, 2015 3:22am Feb 24, 2015 3:22am
Has someone been able to understand the way Smknyc is doing his split ?

I have read all his posts (two times) and I still don't get it. I should really order a new brain. Unfortunately most of his charts to illustrate the selection of the pairs for the two baskets have disappeared (404 error on mql5.com). And I know that he doesn't want to explain anymore.

I have tried to analyze his baskets, to compare the core pairs by watching the crosses, interpreting trend and correlation, but my split result is not the same.

It would be nice to have an example with charts and why we put this core pair in the first basket, why this other core pair in the second basket; why this cross pair in the first, why this other cross pair in the second.

Then, nobody will ask again.
  • #7,910
  • Feb 24, 2015 3:32am Feb 24, 2015 3:32am
Hi, if anyone knows how to put the data into the Excel file (can explain it step by step) I'd appreciate it. I see the csv files in my "files" folder, but I don't understand how to import into Excel. I did read post # 7,506, but I'm still lost. And what "second tab at the bottom of Excel?" Is there a way to use "export TF & Pairs data to excel"? And is that file an EA, Indi, or Script? Thanks, Darran.
Attached Image
Attached File(s)
File Type: xlsx Main Trend Analysis.xlsx   92 KB | 462 downloads
File Type: ex4 WriteKopraCsv.ex4   21 KB | 371 downloads
File Type: ex4 export TF & Pairs data to excel.ex4   36 KB | 349 downloads
  • #7,911
  • Feb 24, 2015 3:43am Feb 24, 2015 3:43am
Quoting darranforex
Hi, if anyone knows how to put the data into the Excel file (can explain it step by step) I'd appreciate it. I see the csv files in my "files" folder, but I don't understand how to import into Excel. I did read post # 7,506, but I'm still lost. And what "second tab at the bottom of Excel?" Is there a way to use "export TF & Pairs data to excel"? And is that file an EA, Indi, or Script? Thanks, Darran. {file} {image} {file} {file}

I'm also very confuse!!
  • #7,912
  • Feb 24, 2015 3:59am Feb 24, 2015 3:59am
Quoting darranforex
Hi, if anyone knows how to put the data into the Excel file (can explain it step by step) I'd appreciate it. I see the csv files in my "files" folder, but I don't understand how to import into Excel. I did read post # 7,506, but I'm still lost. And what "second tab at the bottom of Excel?" Is there a way to use "export TF & Pairs data to excel"? And is that file an EA, Indi, or Script? Thanks, Darran.
Hi darranforex,

- file > open data folder,
- copy paste WriteKopraCsv.ex4 into the script folder
- open data folder > MQL4 > Files > open kopratasa.csv
- select and copy the columns with values,
- open Main Trend Analysis.xlsx, enable editing, enable content
- paste the values on the "KopraTasa" sheet (overwrite the old ones),
- admire the result on "MTA" sheet (click on MTA at the bottom).

For the moment, "export TF & Pairs data to excel" only creates and updates csv files into MQL4 > Files for each pairs set. It is an expert advisor. We need to create a function to grab the data into Main Trend Analysis.xlsx in order to fully automate the process.
  • #7,913
  • Feb 24, 2015 4:34am Feb 24, 2015 4:34am
Quoting tsf
{quote} Hi darranforex, - file > open data folder, - copy paste WriteKopraCsv.ex4 into the script folder - open data folder > MQL4 > Files > open kopratasa.csv - select and copy the columns with values, - open Main Trend Analysis.xlsx, enable editing, enable content - paste the values on the "KopraTasa" sheet (overwrite the old ones), - admire the result on "MTA" sheet (click on MTA at the bottom). For the moment, "export TF & Pairs data to excel" only creates and updates csv files into MQL4 > Files for each pairs set. It is an expert advisor. We...
Hi TSF, thank you. I will try this. I noticed you spent the thought and time to help a newbie out and you provided clear and concise answers. Smknyc Sam is a great trader, and he seems to have a good system from what he shows us. It's been pointed out by many that his explanations are vague and he has supplied a few graphic illustrations that seem to make no logical, cohesive sense. He seems to make a lot of good trades, and he has a good sense of humor, and it's nice that he supplies us with the little that we get. It's not just you, ...I think very few of us understand his method.
  • #7,914
  • Feb 24, 2015 5:52am Feb 24, 2015 5:52am
In all fairness to Sam, here is a PDF of some of his ideas from a while back, January 11. THESE ARE OLD. This was the best explanation I'd seen.
Attached File(s)
File Type: pdf Smknyc WEEKLY - Jan 11.pdf   225 KB | 663 downloads
  • #7,915
  • Feb 24, 2015 5:59am Feb 24, 2015 5:59am
Quoting tsf
Has someone been able to understand the way Smknyc is doing his split ? I have read all his posts (two times) and I still don't get it. I should really order a new brain. Unfortunately most of his charts to illustrate the selection of the pairs for the two baskets have disappeared (404 error on mql5.com). And I know that he doesn't want to explain anymore. I have tried to analyze his baskets, to compare the core pairs by watching the crosses, interpreting trend and correlation, but my split result is not the same. It would be nice to have an example...
He isn't very big on sharing his techniques. But at the end of the day he's using a method to pick which currencies to trade.
What people forget when they come to this thread is that seller himself has a very good way to pick currencypairs in the dashboard.

What seller is trying to do is to create a simple way of finding good pairs to trade. A lot of the focus lately has been on finding more complicated ways (external websites, excel imports and even new dashboards) than to improve the use of seller's own dashboard.
If his dashboard doesn't give you a winning trade, it's not the dashboards's fault. Don't try to look for new ways to find pairs or even code a new dashboard.
We have the necesary tools to succesfully trade basket charts with just sellers EAs. Get better at using them instead of finding new ways.

We aren't cavemen anymore, we can't really improve our lives by better or more tools, it's in ourselves (ability to read charts/dashboards/indicators/news) we can find the greatest improvement.

If everyone would spend as much energy and time on improving this great tool we've already got instead of finding new ones, I think we'd find a lot more succes in this thread.
  • #7,916
  • Edited 7:04am Feb 24, 2015 6:38am | Edited 7:04am
Quoting darranforex
In all fairness to Sam, here is a PDF of some of his ideas from a while back, January 11. THESE ARE OLD. This was the best explanation I'd seen.
Yes, hukam has applied different systems before to switch to Sam's one.

I am interested by Sam's way to conduct a basket, as he seems to be the only one (except Paul and maybe hukam) to get consistent profits for the moment, over the last 7 months. All the others, we are still searching/experimenting.

Here is what I have found :

1. Core / Cross split.

At close of New York Session.

We have Core pairs :

Major pairs : EURUSD, GBPUSD, USDCHF, USDJPY.
Commodity pairs : AUDUSD (gold), NZDUSD (oil & AUD) USDCAD (oil)

We have Cross pairs :

AUD : GBPAUD, AUDCHF, AUDJPY, EURAUD, AUDNZD, AUDCAD
CAD : GBPCAD, CADCHF, CADJPY, AUDCAD, NZDCAD, EURCAD
CHF : GBPCHF, EURCHF, CHFJPY, AUDCHF, NZDCHF, CADCHF
EUR : EURGBP, EURCHF, EURJPY, EURAUD, EURNZD, EURCAD
GBP : EURGBP, GBPCHF, GBPJPY, GBPAUD, GBPNZD, GBPCAD
JPY : GBPJPY, CHFJPY, EURJPY, AUDJPY, NZDJPY, CADJPY
NZD : GBPNZD, NZDCHF, NZDJPY, AUDNZD, EURNZD, NZDCAD

We do a Core / Cross split, getting two baskets.

The main interrogation that still remains : how to split the pairs [Core pairs, then Cross pairs] ?

The explanations vary, and are contradictory.

By :

- inverse correlation ?
- trending/ranging ?
- weight ?
- % gain ?
- accumulation/distribution ?

2. Tweak 1.

We tweak the basket during Asia session, depending on news to come, fundamentals, technicals.

3. Tweak 2.

We tweak the basket again, 60 minute before the open of London session. Because same pairs can change direction or go into a range during Asia session.

4. Cherry pick.

We select few pairs among the basket pairs, depending on their weight, their liquidity, their spreads.

With the cherry pick of the first basket, we create a first offline chart. With the cherry pick of the second basket, we create a second offline chart.

5. Offline chart.

- open UY M1, apply the #black template.
- attach the expert "Basket_Writer_v7", set the basket name.
- select the wanted pairs on the right table.
- click on "write basket file".
- attach "Basket_Create_v3_670et", set "BasketNameToCreate" and the correct "Import_Pair_List_Name".
- file > open offline > select the correct chart.
- attach BT_14_v27, set MagicNumber, set TradeComment.

6. Entry.

We set pending orders before open of London session, marking high and low of New York close.

We can also scale the entry, by incrementing the orders.

7. Exit.

All trades closed at the end of the London session or before. When daily target in dollars or pips reached.

Depending also on point of interest : targets based on price action (last swing top/bottom, support and resistance), as the stops.

We can also scale the exit, by partially close the trades, use a breakeven for the rest of the orders and let the profits run.
  • #7,917
  • Edited 7:13am Feb 24, 2015 6:46am | Edited 7:13am
Quoting demp
{quote} He isn't very big on sharing his techniques. But at the end of the day he's using a method to pick which currencies to trade. What people forget when they come to this thread is that seller himself has a very good way to pick currencypairs in the dashboard. What seller is trying to do is to create a simple way of finding good pairs to trade. A lot of the focus lately has been on finding more complicated ways (external websites, excel imports and even new dashboards) than to improve the use of seller's own dashboard. If his dashboard doesn't...
Yes, Seller9 has done a fantastic job. Clearly the most advanced tools available on Forex Factory. All that for free! What an awesome guy!

I guess we should test different techniques and find the one with the biggest winning probabilities. Because trading is mostly a game of probabilities.

We should be methodical.

What are the different kinds of possible baskets ?

- % strong / % weak pairs - % strong / % weak pairs - don't consider % evolution,
- % strong / % weak pairs - % strong / % weak pairs - consider % evolution,
- correlated pairs,
- currency pairs,
- strengthful pairs.

What are the different kinds of possible systems ?

H1 - instant orders - position trading (price near channel trendlines, support and resistance)
H1 - pending orders - position trading + range
H1 - instant orders - trendline breakout
H1 - instant orders - trendline direction (price near trendline)
H1 - breakout orders - line chart range breakout (after a brief trending period)
H1 - pending orders - range
H1 - pending orders - range + news
D1 - instant orders - increment positon - fundamentals

With what order management ?

stoploss, takeprofit (previous support and resistance)
stoploss (previous support and resistance), trailing stop, no takeprofit

This is a lot of combinations. We could create group of traders that would dedicate to each combination. At the end, we would see where are the biggest odds in our favor.

Finally, we could even create an expert advisor that would handle all the process : select pairs, create synthetic symbol, trade the synthetic symbol, and the next day start again : select pairs, refresh the synthetic symbol, etc...
  • #7,918
  • Feb 24, 2015 6:54am Feb 24, 2015 6:54am
Quoting tsf
Hi Deliciouspip, 1. What is entry 1,2,3 and 4 for? (i want to clarify, i think i know but would be excellent if some of you guys can please tell me) Entry 1 : heiken ashi signal (change of color), I XO1 A H filter (color), Entry 2 : heiken ashi signal (change of color), I XO1 A H filter (color), I XO2 A H filter (color), Entry 3 : heiken ashi filter (color), I XO1 A H filter (color), I XO2 A H signal (change of color), Entry 4 : heiken ashi filter (color), I XO1 A H signal (change of color), I XO2 A H filter (color). You should ban the use of indicators....

Wow ty so much for your help @tsf!,
you are very kind man
Perfecting your entry will increase your profits
  • #7,919
  • Feb 24, 2015 8:38am Feb 24, 2015 8:38am
Hi guys, first of all thanks again Seller for the newest version you rox man!

After watching seller videos, I was running it but i had a little problem...

1. When i open the Basket_Writer_v7 and after selecting some pairs to create the basket... i click "Write basket file" but the indicator Basket_Create~ is not appearing (like in seller's videos)

i get this error in the Terminal (experts)

2015.02.24 07:31:35.887 Basket_Writer_v7 USDCAD,H1: ButtonDelete: failed to delete the button! Error code = 4202


I add this video so you can see what is happening, it is just the point 1. in video

Inserted Video


I thought it was because i was using win8 but i tried in win7 (other pc) and the error was the same so the OS is not the problem

Hope you can help me guys, ty
Perfecting your entry will increase your profits
  • #7,920
  • Feb 24, 2015 8:43am Feb 24, 2015 8:43am
lets remember again lfxjpy ( all7jpy )

http://i.hizliresim.com/58DGql.jpg
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