Basket Robots | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Trading Robots 10 replies

Trading Robots 6 replies

Attachments: Basket Robots
Exit Attachments

Basket Robots

  • #221
  • Apr 4, 2015 2:36am Apr 4, 2015 2:36am
For example a look at the Yen Basket Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: #YENMUL#H1.png Size: 73 KB


Give a clear indication how it can be traded Simply using intra-day Support/Resistance lines.
No guts, no glory
  • #222
  • Apr 6, 2015 1:00am Apr 6, 2015 1:00am
As the ActivTrades demo account which holds the Cmdty_Crncy_Basket_Demo was expired (ages 1 month), I will remove it and attach the FXDD Metals_Basket_Demo.

Meanwhile, this is the latest status of the Cmdty_Crncy_Basket_Demo, before removal.

Attached Image (click to enlarge)
Click to Enlarge Name: cbd_01.PNG Size: 36 KB


Attached Image (click to enlarge)
Click to Enlarge Name: cbd_02.PNG Size: 43 KB


This account was traded for about 3 weeks only (as I couldn't trade it while on vacation).
However I am satisfied with the performance of this basket with 25.4% (monthly return), and only -3.7% max draw down. and Minimal Effort.
Note also that some (stupid-looking) trades were taken during the testing of the Basket Manager, specially the micro ones, but they didn't affect the account very much anyway.

I will be using the same basket setup on the first basket robot developed.

Regards,
No guts, no glory
  • #223
  • Apr 6, 2015 5:32am Apr 6, 2015 5:32am
Since a long time I've been wondering on which currencies have the major effect the Forex market as a whole.
I had a guess, but I wasn't sure.

More and more, and with basketing, I became more convinced of my guess on these 2 currencies be Dollar and Yen. Some people may disagree.

However I will consider my guess in building the new baskets.
No guts, no glory
  • #224
  • Apr 6, 2015 5:39am Apr 6, 2015 5:39am
Quoting abokwaik
Since a long time I've been wondering on which currencies have the major effect the Forex market as a whole. I had a guess, but I wasn't sure. More and more, and with basketing, I became more convinced of my guess on these 2 currencies be Dollar and Yen. ...
  • #225
  • Edited 3:17pm Apr 7, 2015 3:01pm | Edited 3:17pm
Hello,

[DELETED TEXT]

I'm still not sure how to calculate weight, so if you could explain it to me, it would be great.



Thanks.

[EDIT]
My bad, somehow all the magic numbers got reset to default, changed it and it's working now.
  • #226
  • Apr 8, 2015 8:34am Apr 8, 2015 8:34am
Quoting Reamasesa
Hello, [DELETED TEXT] I'm still not sure how to calculate weight, so if you could explain it to me, it would be great. Thanks. [EDIT] My bad, somehow all the magic numbers got reset to default, changed it and it's working now.
Hello Reamasesa,

Weights are up to you.

The basic idea is to generate a basket chart that is meaningful and trade-able.
So for example if you like to make a basket of GBP: you can select few or all pairs of GBP.
Suppose you selected GBPUSD, EURGBP and GBPAUD.
Possible directional weights for those pairs may be +1, -1, +1. You use + if the basket pair (or pairs) is on the left side of the pair symbol, and - if on right.

If you have a specific basket in mind, put here and I'll try o assist you in setting it.

----

If MT4 was restarted, Magic numbers (and other settings) will get reset , also the basket chart will not get updated, so it is better you "hard code" the settings of each basket in a different MQ4 file (Both Script and EA), so that you can retrieve it in such cases.

All the best,
No guts, no glory
  • #227
  • Apr 8, 2015 9:11am Apr 8, 2015 9:11am
Quoting abokwaik
However I am satisfied with the performance of this basket with 25.4% (monthly return), and only -3.7% max draw down. and Minimal Effort.
Any specific methodology attached to achieving this result? DD is particularly impressive. Very nice.
  • #228
  • Apr 8, 2015 9:24am Apr 8, 2015 9:24am
Quoting abokwaik
I've been wondering on which currencies have the major effect the Forex market as a whole.
I think it varies from time to time. Different currencies hold sway at different points in time(depending on magnitude of influence being considered as a benchmark at a particular instant and also timeframes). Thats what creates the seeming ebb and flow of the market. Enter: Currency Strength Meters; an effort to gauge currency influence and position trades in sync with this pulse and market rhythm. Thats why I believe there is always that one, two or more currency pairs that represent the highest probability setups and trades per time in harmony with the currencies holding sway at that moment. Provided we dont arrive too late to the party. That is also why the FIRST question I believe every trader needs to answer before even contemplating any trades is the question of which currencies(and pairs) to buy/sell and why. Other questions then follow.
  • #229
  • Apr 8, 2015 9:57am Apr 8, 2015 9:57am
Quoting LITEchild
{quote} Any specific methodology attached to achieving this result? DD is particularly impressive. Very nice.
Entry was manual around Intra-day S/R lines, and exits were managed by the Basket Manager at certain basket profit/loss or TP/SL lines.
The trick I believe was in UNDER-trading.
No guts, no glory
  • #230
  • Apr 8, 2015 10:30am Apr 8, 2015 10:30am
Quoting abokwaik
{quote}The trick I believe was in UNDER-trading.
This resonates very well with some conclusions I am arriving at after running numerous tests and experiments on complete system configs.(manual). Very interesting confirmation. I think I have arrived at my own personal 'holy grail'. Time will tell...and hopefully my bank account as well!
  • #231
  • Apr 9, 2015 6:31am Apr 9, 2015 6:31am
Can you make one basket manager with lots size derived by percentage risk
  • #232
  • Apr 10, 2015 7:12am Apr 10, 2015 7:12am
how can i delete old ofline folder ? anybody know ?

http://i.hizliresim.com/XBOy9O.jpg
  • #233
  • Apr 10, 2015 8:49am Apr 10, 2015 8:49am
Quoting kingofmicro
how can i delete old ofline folder ? anybody know ? {image}
Search for files with offline chart name+timeframe in minutes with extention .hst using operating system search utility and delete them.

For example search for #10EJ#15.hst and delete it. Or search for *#*.hst and delete them.

Regards
No guts, no glory
  • #234
  • Apr 10, 2015 8:52am Apr 10, 2015 8:52am
Quoting Surgefx
Can you make one basket manager with lots size derived by percentage risk

Yes. When we go fully automatic.
No guts, no glory
  • #235
  • Apr 10, 2015 9:02am Apr 10, 2015 9:02am
Quoting abokwaik
{quote} Search for files with offline chart name+timeframe in minutes with extention .hst using operating system search utility and delete them. For example search for #10EJ#15.hst and delete it. Or search for *#*.hst and delete them. Regards
okey, i found it. history file
thank you

http://i.hizliresim.com/P5XqVb.jpg
  • #236
  • Apr 10, 2015 9:04am Apr 10, 2015 9:04am
Quoting abokwaik
{quote} Yes. When we go fully automatic.
Hi abokwaik,

Thanks for your effort in building the EA. It's got good potential from your demo results. Are you currently trading manually off support and resistance? Is it based on some indicator?

Would it be possible to share when you enter and exit a basket? I'm trying to demo manual trading like you now.

Thanks in advance.
  • #237
  • Apr 11, 2015 12:23am Apr 11, 2015 12:23am
Quoting fanatics
{quote} Hi abokwaik, Thanks for your effort in building the EA. It's got good potential from your demo results.
Hi fanatics,

I will reply to you shortly, and then have a separate detailed post on my 1 month experience developing/trading baskets.

Quoting fanatics
{quote} Are you currently trading manually off support and resistance? Is it based on some indicator? Would it be possible to share when you enter and exit a basket? I'm trying to demo manual trading like you now. Thanks in advance.
Only S/R. But you have to know how to trade S/R on a normal chart before trying that on an offline basket chart. This is a condensed post of a recent intra-day trade traded live step by step using only Support/Resistance Lines and Price Action, no indicators. GBP/USD Live Trade Example.

Quoting fanatics
{quote} Would it be possible to share when you enter and exit a basket? I'm trying to demo manual trading like you now.
If you mean signals, trades are already shown on trade explorer. If you mean the method of entry and exit, then any successful trading system/method should work on a basket chart as it would work with normal chart, and this is what I tried to prove trading 3 different baskets.

Regards,
No guts, no glory
  • #238
  • Apr 11, 2015 2:31am Apr 11, 2015 2:31am
As to me Basket trading platforms must be more simple.We must have a table that shows pair strength and according to this table's signals we must open template charts which are attached with our prefered EAs.And these charts must be renewed on every predicted time.İf chart of any pair was closed accordingto the signals then its orders will be closed naturally.Eitherly orders may be managed by other tools.
  • #239
  • Apr 11, 2015 2:57am Apr 11, 2015 2:57am
Many thaks abokwaik for all your effort in making a new way of making offline charts, mainly with the use off opposite pairs. I have been reading all thread with my poor English (I don't know if I understood everything well), and checking your basking create script and I have found some differences with other way I was using up to know. To this moment I am using the "Basket8 new format" indicator attached to create offline charts. When I use your script, the shape of the chart it's quite similar but when I mesure the movement of a wave in the chart created by the indicator, it tells you the exact amount of pips moved by all the basket pairs, whereas in the chart created by your script, the amount of pips it's not the same.

I attached the indicator in case it helps you to improve your script. Many thaks for creating this thread..
Attached File(s)
File Type: mq4 Basketv8 new format JPY.mq4   11 KB | 441 downloads
File Type: ex4 Basketv8 new format JPY.ex4   19 KB | 308 downloads
  • #240
  • Apr 11, 2015 5:16am Apr 11, 2015 5:16am
Quoting jjventural
Many thaks abokwaik for all your effort in making a new way of making offline charts, mainly with the use off opposite pairs. I have been reading all thread with my poor English (I don't know if I understood everything well), and checking your basking create script and I have found some differences with other way I was using up to know. To this moment I am using the "Basket8 new format" indicator attached to create offline charts. When I use your script, the shape of the chart it's quite similar but when I mesure the movement of a wave in the chart...
Take a look at the image below

Attached Image (click to enlarge)
Click to Enlarge Name: JPYX.png Size: 115 KB


Which chart do you think will be more suitable to trade a JPY basket ?
Notice the wicks in the chart generated by Basket8 !
No guts, no glory
1 trader viewing now