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Kopratasa EA & BDM

  • #241
  • Edited 11:07am Mar 19, 2015 10:34am | Edited 11:07am
Anybody noticed the following "funny" (but really it isn't) effect of adding trades.

If you let BT adding trades using the [R] or [Add] button it will only add trades to pairs that are in profit.
The offline chart writer has no idea about that thus the weight of every pair in the offline chart stays the same, 1.

Especially after a couple of adds or a big basket you can see the situation where the price on the chart turns against your trade but at the same time the displayed profits are rising.
And of course the opposite can be true also. Trade going eventually your way but you are losing more and more.

This effect overthrows the system of take profit and stoploss based on price level (fixed lines) completely.
info@metacharttools,com
  • #242
  • Mar 19, 2015 11:10am Mar 19, 2015 11:10am
Quoting Hotpotato
Anybody noticed the following "funny" (but really it isn't) effect of adding trades. If you let BT adding trades using the [R] or [Add] button it will only add trades to pairs that are in profit. The offline chart writer has no idea about that thus the weight of every pair in the offline chart stays the same, 1. Especially after a couple of adds or a big basket you can see the situation where the price on the chart turns against your trade but at the same time the displayed profits are rising. And of course the opposite can be true also. Trade going...
is it like that? the add will add new trade when the position is win, the red position will not have reenter. It is averaging which people call it.
Look for it and you will find it
  • #243
  • Mar 19, 2015 11:18am Mar 19, 2015 11:18am
Quoting Hotpotato
Anybody noticed the following "funny" (but really it isn't) effect of adding trades. If you let BT adding trades using the [R] or [Add] button it will only add trades to pairs that are in profit. The offline chart writer has no idea about that thus the weight of every pair in the offline chart stays the same, 1. Especially after a couple of adds or a big basket you can see the situation where the price on the chart turns against your trade but at the same time the displayed profits are rising. This effect overthrows the system of take profit and...
Hi Hotpotato,

That's exactly right (about the add function).
That is why (if you use the Add function) the HSL and HTP lines are never triggered as soon as they are hit... depending on the lot size of the add you made or the number of adds you made to your trade, it may sometimes take a bit more time to trigger the Profits or Loss stops.
I sometimes become a nervous wreck when I forget this and see the candle cross my HSL or HTP and the trade continues...that's why I suggest that if your're going to use the add function it is best to stay on top of the trade...

I use the BT EA add function in nearly every trade, but I add manually.
I've found (the hard way) that the add function can be a great tool... or a nail in my coffin...
It's a great tool when it helps you get more profit, but it's a nail in my coffin because it also helps you lose money if you're not careful!

So I try to only use it as a "great tool", and (for me) that means 3 things:

  1. Do it manually
  2. Maximum 2 adds per trade
  3. Keep a watchfull eye on the trade after the 1st add

I do it manually because the "Add after XX pips" doesn't quite do what I want it to do.
I only add after the trade goes past the 50% profit mark. If my trade profit target is 300 pips, I'll only apply the 1st add after it closes past 150pips profit.
This is to prevent the possibility of a price reversal eating away my hard earned profit in the blink of an eye... because I usually add a lot size 2-4 times the size of the initial trade lot.
The second add I do around the 75% profit mark (in this example 225 pips)
Since the first add is 2-4 times higher than the intial lot size, when I get to the 75% mark I already have a nice little profit that will pillow any average price reversal.
If I did long term trades (D1, W1) then I'd probably have the guts to use more adds per trade...

Because you are adding bigger lots to your trade you may get much higher profits... but you may also get higher losses >>> keep a watchfull eye on your "added" trades.

This is how I do it... not rocket science, but it's been working nicely.

Hope this helps!

  • #244
  • Mar 19, 2015 11:28am Mar 19, 2015 11:28am
Quoting braveh4rt
Guys, here are today my entry ... all base on buy both and sell both @ jp open +1 hours. Based on prev HL fibo, we alreay above and below 61 level for up and down trend. so it will be entry now or wait retrace back to 61 level or 50 level. i just enter trade. For the target, use fibo extension, got from previ swing and target is 100 extension or lesss around 98 level. for SL below 50 fibo level for downtrend, above 50 fibo level for uptrend. Let see how it goes later around London open and NY Open. Buy basket : {image} Sell basket: {image} Green...
I like to update rhe result... Surprise !!!

Not good result, all hit by SL. I got the +1 asia session if i not wrong.. maybe because of this.



Open :
Attached Image


THen Closed :

Attached Image (click to enlarge)
Click to Enlarge Name: fx-close.gif Size: 48 KB



Other trade Open :
Attached Image (click to enlarge)
Click to Enlarge Name: fx1-sellopen.png Size: 24 KB


And closed :
Attached Image (click to enlarge)
Click to Enlarge Name: fx1-sellclose.gif Size: 46 KB
Look for it and you will find it
  • #245
  • Mar 19, 2015 11:31am Mar 19, 2015 11:31am
Quoting vmc
{quote} Hi Hotpotato, That's exactly right (about the add function). That is why (if you use the Add function) the HSL and HTP lines are never triggered as soon as they are hit... depending on the lot size of the add you made or the number of adds you made to your trade, it may sometimes take a bit more time to trigger the Profits or Loss stops. I sometimes become a nervous wreck when I forget this and see the candle cross my HSL or HTP and the trade continues...that's why I suggest that if your're going to use the add function it is best...
Hi Vmc,

Manually you mean not using the BT EA ? just enter market price,is it like that?

I see the add if active, when there is signal to entry, it will add another trade in new candle.

Thanks
Look for it and you will find it
  • #246
  • Mar 19, 2015 11:47am Mar 19, 2015 11:47am
Quoting braveh4rt
{quote} Hi Vmc, Manually you mean not using the BT EA ? just enter market price,is it like that? I see the add if active, when there is signal to entry, it will add another trade in new candle. Thanks
Hi braveh4rt,

In terms of the "manual" add, what I mean is that I click the add button on the BT EA (when it is trading), instead of using the BT EA settings to automatically add to the trade.
I use the add function only after I have reached at least 50% of my profit target, and only after that candle has closed.
What I do is after I start the trade and put the HTP line were I want it, I see how many pips from the entry price to the profit target and draw a line at the 50% mark. When candle crosses AND CLOSES that line, I click the add button for the first time.
But this is what I do... you may find a a way better suited for type of trading style.

The losing trades you posted... demo or real?
When I trade using the kopra ea (and lock the asian market second hour candle) I always use Hotpotatoes BDM ea as well to filter possible pairs that in the mean time changed direction... I know other traders just go for the whole basket (as is) but I still do some more homework before entering the trade.
And I think that HP's BDM ea is AWESOME!!! I always use it to check/recheck/filter my baskets before entering any trade or even make baskets using just the BDM.
If you want to make a JPY pair (for example), the BDM is an excellent tool for checking out how all the jpy pairs are doing and filter out the ones you don't want in the basket... the same goes for euro, gbp, etc... then I go back to Seller's BT EA and make the basket.

Hope this helps!
  • #247
  • Mar 19, 2015 11:51am Mar 19, 2015 11:51am
Quoting braveh4rt
{quote} Hi Vmc, Manually you mean not using the BT EA ? just enter market price,is it like that? I see the add if active, when there is signal to entry, it will add another trade in new candle. Thanks
BTW:

  1. Don't forget that to use the ADD function of the BT EA (manual or auto) you have to at least set the lot size you want to add
  2. If you want to do it auto, you have to click the "R" button next to "Add" button after you start your trade.
  3. If you want to do it manually, you must not click the "R" button and only click on the "Add" button when you want to add to a trade.

Cheers!

  • #248
  • Mar 19, 2015 12:03pm Mar 19, 2015 12:03pm
VmC

Quote
That is why (if you use the Add function) the HSL and HTP lines are never triggered as soon as they are hit... depending on the lot size of the add you made or the

Don't they ?
I would expect they get triggered as normal because they take the price the chart generator is feeding it not the price of the total basket.

Have to test that.
info@metacharttools,com
  • #249
  • Mar 19, 2015 12:08pm Mar 19, 2015 12:08pm
Quoting vmc
{quote} Hi braveh4rt, In terms of the "manual" add, what I mean is that I click the add button on the BT EA (when it is trading), instead of using the BT EA settings to automatically add to the trade. I use the add function only after I have reached at least 50% of my profit target, and only after that candle has closed. What I do is after I start the trade and put the HTP line were I want it, I see how many pips from the entry price to the profit target and draw a line at the 50% mark. When candle crosses AND CLOSES that line, I click the add button...
Hi vms,

this is demo account .. what a draw down if it is live account.

let say if the filter for jp basket, 3 are uptrend dan 4 are downtrend..if we want to use all jpy, we can do reverse in the bt settings ? so the uptrend are long, and the downtrend are short position when the BT execute the trade.

Do you also change basket everyday with the HP EA or stick to 1 basket eg. JPY or EUR basket only.

Thanks alot vmc.
Look for it and you will find it
  • #250
  • Mar 19, 2015 12:13pm Mar 19, 2015 12:13pm
Quoting Hotpotato
VmC {quote} Don't they ? I would expect they get triggered as normal because they take the price the chart generator is feeding it not the price of the total basket. Have to test that.
Hi Hp,

From what I see in my trades with "adds" the HSL and HTP lines are not triggered as soon as they're hit...
Check the screenshot below from one of my trades of today... as you can see the trade went past the HTP line and didn't trigger it and I closed it manually, because it then went up.
It probably would have triggered it if it went down another 5 pips, but it didn't, so...

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Closed-3-19---17-13.gif Size: 32 KB
  • #251
  • Mar 19, 2015 12:24pm Mar 19, 2015 12:24pm
Quoting braveh4rt
{quote} Hi vms, this is demo account .. what a draw down if it is live account. let say if the filter for jp basket, 3 are uptrend dan 4 are downtrend..if we want to use all jpy, we can do reverse in the bt settings ? so the uptrend are long, and the downtrend are short position when the BT execute the trade. Do you also change basket everyday with the HP EA or stick to 1 basket eg. JPY or EUR basket only. Thanks alot vmc.
Hi braveh4rt,

Yes you can use the same basket and reverse some of the pairs.
However, I haven't tried this so I can't give you any feedback on this... and I don't think I'll be using it anyway. I prefer to have 2 seperate baskets (1 for the pairs going up and another for the pairs going down). I think having them all in the same basket will give me headaches trying to think what is what...

I do not use the same basket everyday, unless it is a basket that think will "show me the money".
I always do my tech analysis and some fundamental analysis on all basket before getting into a trade.
I keep an eye out for the news and important events that may influence the currencies I trade and I always do a thorough tech analysis of the charts.
I usually trade H1, so I first check H4 and D1 charts for SnR, channels, etc that may influence my H1 trade.
Then I check my H1 chart for SnR, channels and pattern formations... then I decide if I want to trade this basket.

Cheers!
  • #252
  • Mar 19, 2015 12:48pm Mar 19, 2015 12:48pm
Quote
Hi braveh4rt,
Yes you can use the same basket and reverse some of the pairs.

But you will get the same thing as with the Add function, the screen won't reflect your trades real time.
info@metacharttools,com
  • #253
  • Mar 19, 2015 12:51pm Mar 19, 2015 12:51pm
Quoting Hotpotato
{quote} But you will get the same thing as with the Add function, the screen won't reflect your trades real time.
Hi HP,

It's as I said... never used it and don't think I will.
Forex is complexed enough as it is... don't need to complicate the already complex...
I know that reversing can be done in Seller's BT EA for the first 10 pairs in a basket, but I prefer to have seperate baskets... KIS...
  • #254
  • Mar 19, 2015 1:09pm Mar 19, 2015 1:09pm
hi!
when i open Auto-news template i only can see this .
what was wrong with my setup?
i copied and paste kopratasav1.06 exactly but when i open template it such like blank.
help me pls thanks
Attached Image (click to enlarge)
Click to Enlarge Name: auto-news.png Size: 28 KB
  • #255
  • Mar 19, 2015 1:12pm Mar 19, 2015 1:12pm
So i just closed this trade realizing that i am looking at candlesticks that don't say dipshit about which way my trade is going.

I realized it on testing reversing pairs but not on a normal adds (blacked out due to excessive alcohol use i think).
I think we need a new offline chart-writer, one that weighs the size of the trades.
Attached Image (click to enlarge)
Click to Enlarge Name: justclosed.PNG Size: 77 KB
info@metacharttools,com
  • #256
  • Mar 19, 2015 1:17pm Mar 19, 2015 1:17pm
Quoting james27
hi! when i open Auto-news template i only can see this . what was wrong with my setup? i copied and paste kopratasav1.06 exactly but when i open template it such like blank. help me pls thanks {image}
That's still a problem.
The last week news is still somewhere in a http cache and the newspopup will only show upcoming events.

Try clearing all the internet caches from all the browser you use.
Remove the NEWS-xxxx files from MQL/files
Look at the news again.

I am waiting for sunday evening when FF postes a new xml file to see what the exact problem is.
info@metacharttools,com
  • #257
  • Mar 19, 2015 1:30pm Mar 19, 2015 1:30pm
Quoting Hotpotato
So i just closed this trade realizing that i am looking at candlesticks that don't say dipshit about which way my trade is going. I realized it on testing reversing pairs but not on a normal adds (blacked out due to excessive alcohol use i think). I think we need a new offline chart-writer, one that weighs the size of the trades. {image}
HP... $150 trade and complaining!?

Hope you missfire like that every day... several times
Can't help you with the reversing...
With just adds it's WYSIWYG... the candles are showing your trade. The only thing is the HSL and HTP lines not triggering as they get touched (like I mentioned earlier...)

Still trying to make some extra pips to make it an even profit day, but it's looking difficult... (and won't force trade )
Lets see if the market lets me get those extra pips...

Cheers!
  • #258
  • Mar 19, 2015 1:42pm Mar 19, 2015 1:42pm
thanks HP!
i have another question.
before i saw post about entering trading time.
someone post Asian + 1 or + 2 it meaning after 2 hour of tokyo open right?
or how about if i entering london time zone or new york time zone.
thanks and i look forward your reply
  • #259
  • Mar 19, 2015 2:24pm Mar 19, 2015 2:24pm
Quoting Hotpotato
So i just closed this trade realizing that i am looking at candlesticks that don't say dipshit about which way my trade is going. I realized it on testing reversing pairs but not on a normal adds (blacked out due to excessive alcohol use i think). I think we need a new offline chart-writer, one that weighs the size of the trades. {image}
Hi HP,

I appreciate you looking into some of the quirks with the Basket Trader EA. It is a work of art, and you're definitely making it better. The candlestick issue can be VERY confusing.

One favor, and you can put it on you back burner to look at (or just say screw it ;-), I'd like an easy way to take partial profit (unless I missed something) within EA. I know I can do it manually, but a click of a button would be fantastic. Thanks HP!
  • #260
  • Mar 19, 2015 5:18pm Mar 19, 2015 5:18pm
iuforex

I am sorry, i cannot make changes to the basket EA.
That's seller9's masterpiece, not mine.
info@metacharttools,com
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