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Basket Trading EA

  • #8,621
  • Mar 20, 2015 6:21am Mar 20, 2015 6:21am
Quoting p1253
{quote} Hi Hotpotato, Can turn the PC off after i Install the Teamviewer on USB? How this working? Thanks
No !

Install teamviewer on the pc with your trading MT4 terminal.
You have to keep this pc on of course.

Also install a teamviewer version on a USB stick (it's on the teamviewer website).
Take that USB stick with you wherever you go and if you have access to a pc use the USB stick and connect to your trading pc.
info@metacharttools,com
  • #8,622
  • Mar 20, 2015 8:08am Mar 20, 2015 8:08am
Quoting positivezero
Hi all, does any of you can explain how to use pending order with seller's BT_14_v27 EA? I assume I should click the BO button and thus there will be 2 lines top and bottom so I can drag them in order to trigger the order? Am I correct? But it doesn't work for me. So I need some help here. The price has crossed the line but it won't trigger orders. Thanks for the help.
Hi postivezero,

I haven't tried it but I think you can do pending orders by setting up a BO/PO trade and reversing the pairs inside the BT EA settings.
So, when the the candle closes(BO) or touches(PO) the top line, instead of sending a buy order it will send a sell order (and vice-versa for the bottom line).
Don't forget that you can only reverse upto 10 pairs, so this can only be accomplished in baskets with a max of 10 pairs...

Better try it out... and give feedback!

Cheers!
  • #8,623
  • Mar 20, 2015 9:43am Mar 20, 2015 9:43am
Quoting vmc
{quote} Hi postivezero, I haven't tried it but I think you can do pending orders by setting up a BO/PO trade and reversing the pairs inside the BT EA settings. So, when the the candle closes(BO) or touches(PO) the top line, instead of sending a buy order it will send a sell order (and vice-versa for the bottom line). Don't forget that you can only reverse upto 10 pairs, so this can only be accomplished in baskets with a max of 10 pairs... Better try it out... and give feedback! Cheers!

Hi vmc, the thing is, the BO lines don't even trigger orders.

Oh btw, I set up reverse pairs. Those 10 pairs are fixed.
Reverse pair 1 is always eurusd.
Reverse pair 2 is always gbpusd.
3 : usdchf
4 : usdjpy
5 : usdcad
6 : audusd
7 : nzdusd

Haven't tried 8, 9, 10.
  • #8,624
  • Mar 20, 2015 11:29am Mar 20, 2015 11:29am
Quoting positivezero
{quote} Hi vmc, the thing is, the BO lines don't even trigger orders. Oh btw, I set up reverse pairs. Those 10 pairs are fixed. Reverse pair 1 is always eurusd. Reverse pair 2 is always gbpusd. 3 : usdchf 4 : usdjpy 5 : usdcad 6 : audusd 7 : nzdusd Haven't tried 8, 9, 10.
Hello again,

Be aware that:

  1. BO trades are triggered when candle crosses and closes on the other side of the BO line
  2. PO trades are triggered when candle touches the PO line

And BO trades work perfectly, because I use them all the time...

In terms of reversing, I can't help you because as I said I haven't used this feature in te BT EA, but I know other traders use it for regular reverse trading and also for pending orders.

Cheers.

  • #8,625
  • Mar 20, 2015 12:08pm Mar 20, 2015 12:08pm
Quoting vmc
{quote} Hello again, Be aware that: BO trades are triggered when candle crosses and closes on the other side of the BO line PO trades are triggered when candle touches the PO line And BO trades work perfectly, because I use them all the time... In terms of reversing, I can't help you because as I said I haven't used this feature in te BT EA, but I know other traders use it for regular reverse trading and also for pending orders. Cheers.

Hi VMC,

A few questions for you...Do you use the BO lines for trading news as SAM has demonstrated on this thread? When using the BO lines, what time frame do you use? And finally, where do you see the best area to place the BO lines? Do you generally set them at an S/R area, or at open/close of US or Asia? My full time job interrupts my passion for forex trading (investing-right Sam?) , so I'm trying to refine my zones so as not to babysit these trade minute by minute.

I set a PO today for CAD news. I did well with the short, but the long trade hit my bottom PO line then took off north. Then my problem was the SL didn'tkick in for whatever reason, so I had to close it manually. Still trying to figure out what happened there. Thanks VMC!
  • #8,626
  • Mar 20, 2015 12:41pm Mar 20, 2015 12:41pm
Quoting iuforex
{quote} Hi VMC, A few questions for you...Do you use the BO lines for trading news as SAM has demonstrated on this thread? When using the BO lines, what time frame do you use? And finally, where do you see the best area to place the BO lines? Do you generally set them at an S/R area, or at open/close of US or Asia? My full time job interrupts my passion for forex trading (investing-right Sam?) , so I'm trying to refine my zones so as not to babysit these trade minute by minute. I set a PO today for CAD news. I did well with the short, but the long...
Hi iuforex,

I don't have a straight answer for how to use the BO lines, because I use them in different types of occasions... mainly when I'm trading with chart patterns I identified as possible trades.
I uasually trade the H1, but also do some minor trades on the M15 (mainly CCI with BT EA function)
My usual steps for entering a trade (BO, PO, Manual, etc...) are:

  1. Check the news to see which currencies have high impact news that day/week
  2. Choose the currencies for the basket
  3. Make the offline charts for H1, H4 and D1
  4. Check the H4 and D1 charts for SnR, Channels, Trendlines, etc... that might affect my H1 trade
  5. Check the H1 chart for SnR, Channels, Trendlines, etc...
  6. Check the H1 chart for possible patterns (triangles, double tops/bottoms, exhaustion candles, head&shoulders, etc...)
  7. Evaluate if I'm confident enough that this trade will "show me the money" (which sometimes doesn't happen unfortunately) and opt-in or opt-out
  8. If I opt-in - choose the type of trading method I think is more adequate for that chart (BO, PO, Fibs, go straight in, etc...)
  9. Set my HSL and HTP and let Sellers BT EA manage the trade

That's the way I do it anyway...
Sometimes I "try" to do emotional trades (don't go through these steps) and I usually get slammed
So my message is DO NOT FORCE TRADE - EVER!

Regarding the BO lines and where to put them, it all dependes on the type of chart you're looking and what type of tools you are using to find your entry/exit.
So I can't really give you a defintive answer - after SnR levels (if the level is close to the current price) is a must. If you put them before the leveks you might get the price to trigger your BO and then see the price hit the SnR and come baqck against you...

Cheers!

  • #8,627
  • Mar 20, 2015 2:00pm Mar 20, 2015 2:00pm
Quoting positivezero
{quote} Hi vmc, the thing is, the BO lines don't even trigger orders. Oh btw, I set up reverse pairs. Those 10 pairs are fixed. Reverse pair 1 is always eurusd. Reverse pair 2 is always gbpusd. 3 : usdchf 4 : usdjpy 5 : usdcad 6 : audusd 7 : nzdusd Haven't tried 8, 9, 10.
Hi,

you can delete those pairs (double click-delete) and put your own pairs or leave it empty. One more thing: when you reverse your pairs, TP will be acting as a stop loss, and a SL will be acting as TP. Check on demo to make sure it works for you.
  • #8,628
  • Mar 20, 2015 11:24pm Mar 20, 2015 11:24pm
Quoting kasrafx
{quote} Perfect job GVC, it seems very useful and interesting, will you share this EA?
Sure, as it is my first attempt using the new mql......don't be too harsh with the criticism......
(Make sure all 28 pairs are in market watch....works with suffix as well)

Any mods welcome......
Attached File(s)
File Type: mq4 MP_Dashboard V1.mq4   79 KB | 1,152 downloads
  • #8,629
  • Mar 21, 2015 1:30am Mar 21, 2015 1:30am
Quoting Gvc
{quote} Sure, as it is my first attempt using the new mql......don't be too harsh with the criticism...... (Make sure all 28 pairs are in market watch....works with suffix as well) Any mods welcome...... {file}
Hi Gvc, i try to start this EA with my MT4 but i have message like this below.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 13 KB

I have all 28 pairs in my market watch, so what might be the problem?
Cheers
  • #8,630
  • Mar 21, 2015 2:23am Mar 21, 2015 2:23am
Quoting postfin
know this system to manage a basket? I try it by Wednesday, the results are excellent. {image}
Can you please share this system with us. Thanks
Forex; the game of movements not the game of candles.
  • #8,631
  • Mar 21, 2015 2:30am Mar 21, 2015 2:30am
Quoting Gvc
{quote} Sure, as it is my first attempt using the new mql......don't be too harsh with the criticism...... (Make sure all 28 pairs are in market watch....works with suffix as well) Any mods welcome...... {file}
Thanks for your hard work and sharing the result
  • #8,632
  • Mar 21, 2015 3:46am Mar 21, 2015 3:46am
Quoting Hotpotato
{quote} No ! Install teamviewer on the pc with your trading MT4 terminal. You have to keep this pc on of course. Also install a teamviewer version on a USB stick (it's on the teamviewer website). Take that USB stick with you wherever you go and if you have access to a pc use the USB stick and connect to your trading pc.
Thanks!
  • #8,633
  • Mar 21, 2015 6:29am Mar 21, 2015 6:29am
Quoting laksior
{quote} Hi Gvc, i try to start this EA with my MT4 but i have message like this below. {image} I have all 28 pairs in my market watch, so what might be the problem? Cheers
Normally that error comes up when all the pairs are not in market watch or there is not enough history for all 28 pairs....

Right click on market watch..... select "Show All".....Load the ea onto any chart......If pairs display correctly......right click again and select "Hide All"....You should now be left with only the required 28 pairs.....
  • #8,634
  • Mar 21, 2015 7:03am Mar 21, 2015 7:03am
great, great,great job thanks
  • #8,635
  • Mar 21, 2015 9:16am Mar 21, 2015 9:16am
Hello everyone
Days ago I'm reading the work of several of his members, Especially Seller9 and Hukam.
Congratulations for this work
Can you please share this system with us. Thanks
It always seems impossible until it's done...!!!
  • #8,636
  • Mar 21, 2015 9:30am Mar 21, 2015 9:30am
Quoting Gvc
{quote} Normally that error comes up when all the pairs are not in market watch or there is not enough history for all 28 pairs.... Right click on market watch..... select "Show All".....Load the ea onto any chart......If pairs display correctly......right click again and select "Hide All"....You should now be left with only the required 28 pairs.....
Have done this,but still got the alerts...
  • #8,637
  • Mar 21, 2015 9:44am Mar 21, 2015 9:44am
What is the latest version....?
It always seems impossible until it's done...!!!
  • #8,638
  • Mar 21, 2015 12:57pm Mar 21, 2015 12:57pm
Cant thank enough to the EA coder.

Its look really great, playing with it. I hope I will learn strategies with this EA.

Regards.
Umair (Umee)
I Win, I Lose, It's my Job... And I Love it!
  • #8,639
  • Mar 21, 2015 1:13pm Mar 21, 2015 1:13pm
Quoting Gvc
{quote} Sure, as it is my first attempt using the new mql......don't be too harsh with the criticism...... (Make sure all 28 pairs are in market watch....works with suffix as well) Any mods welcome...... {file}

works well in the charts, Thank Gvc....

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h1-instaforex-group.png Size: 94 KB
Regard, Ding Dong
  • #8,640
  • Mar 21, 2015 1:20pm Mar 21, 2015 1:20pm
Quoting bazze
{quote} Have done this,but still got the alerts...
Did you run the script ForceLoadHistoricalData? This might solve your problem.

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