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Basket Robots

  • #241
  • Apr 11, 2015 5:26am Apr 11, 2015 5:26am
When trading multiple pairs as a basket pips don't mean much (if any).
Basket Chart is basically used for technical analysis. I prefer money targets when trading baskets over pip targets, although you can use SL/TP lines but they will not be 100% accurate specially if price took a long time reaching them.
No guts, no glory
  • #242
  • Apr 11, 2015 5:43am Apr 11, 2015 5:43am
Quoting falanca
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.
Baskets can be traded using different approaches.

My approach here is to trade a basket using an offline chart as I would trade a normal single pair chart either manually or using a robot.

Other approaches were provided by other great contributors (i.e. seller9 HERE and Gvc HERE).
No guts, no glory
  • #243
  • Apr 11, 2015 6:23am Apr 11, 2015 6:23am
Basket Trading Evaluation after one month of demo trading

A month ago, I started testing 3 baskets on different account:

Those baskets were :

 

  1. Commodity Currencies Basket:

    1. composed of 9 pairs (AUDUSD, NZDUZD, USDCAD, GBPAUD, GBPNZD, GBPCAD, EURAUD, EURNZD and EURCAD)
    2. started on March 5th and ended on April 4th (with 3 weeks of trading, and 1 week off)
    3. In Market 17% of the time
    4. Total trades 447
    5. Return of 25.4% and Max DD of 3.7%
    6. With regard to Return vs DD this basket was the BEST and Least Risky out of the 3 baskets, and was traded Completely using the Basket Manager.
    7. In the next version of this basket I will remove USD pairs from this basket, meanwhile I will not add JPY pairs.

  2. Yen Basket :

    1. Composed of 7 pairs (USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY, CADJPY and CHFJPY)
    2. started on March, 10th and completed 1 month of its life
    3. In Market 21% of the time
    4. Total Trades 320
    5. Return of 40.5% with Max DD of 11.5%
    6. This was a moderate basket with regard to Return vs DD and Risk. It was traded Mostly using Basket Manager.
    7. I will remove USDJPY from the New version of this basket

  3. ​Metals Basket:

    1. ​​Composed of 4 pairs (Gold, Silver, Platinum and Palladium)
    2. started on March 12th, and almost completed 1 month of its life
    3. In Market 58% of the time.
    4. Total Trades 192
    5. Return 73.4% with Max DD of 43%
    6. Although return of this basket was the Highest , DD was not acceptable at all.
    7. This basket was the hardest to trade using the Basket Manager as pairs were not highly correlated (specially Gold and Palladium), and weights were hard to compute (specially Silver). It was Rarely traded using the Basket Manager. In fact towards end of the month I restricted trading to Gold only. So I would not consider this as a Basket.
    8. Metals basket will be retired and will not have a new version.

So Baskets 1 and 2 have potential but need some improvements, Basket 3 is definitely out.

More to come

No guts, no glory
  • #244
  • Apr 11, 2015 6:35am Apr 11, 2015 6:35am
New Baskets:

  1. Commodity Currencies Basket:

    1. ​Pairs : GBPAUD, GBPNZD, GBPCAD, EURAUD, EURNZD and EURCAD
    2. Directional Weights: -1, -1, -1, -1, -1, -1
    3. Lot Multiplier : 1, 1, 1, 1, 1, 1

  2. Yen Basket :

    1. ​​Pairs : EURJPY​, GBPJPY, AUDJPY, NZDJPY, CADJPY, CHFJPY
    2. Directional Weights: -1000, -1000,-1000, -1000,-1000, -1000
    3. Lot Multiplier : 1, 1, 1, 1, 1, 1

  3. Dollar Basket :

    1. ​​Pairs : EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF
    2. Directional Weights: -10,-10,-10,-10,+10,+10
    3. Lot Multiplier : 1, 1, 1, 1, 1, 1

​​

No guts, no glory
  • #245
  • Apr 11, 2015 7:04am Apr 11, 2015 7:04am
I am going to trade the 3 baskets on One account using Robot A, and on a second account using Robot B.

Robots A and B are not decided yet.
No guts, no glory
  • #246
  • Apr 11, 2015 8:42am Apr 11, 2015 8:42am
Quoting abokwaik
{quote} Take a look at the image below {image} Which chart do you think will be more suitable to trade a JPY basket ? Notice the wicks in the chart generated by Basket8 !
hi abokwaik,

i noticed that the number of digits for the jpy charts is 4. I looked at the code and noticed it was written as 3 digits. Even if i changed it to 5 digits to test, the chart is still 4 digits... is this a "feature" of offline charts that the digits is fixed at 4?

I tried to load other baskets and the number of digits is still 4
  • #247
  • Apr 11, 2015 8:55am Apr 11, 2015 8:55am
Quoting fanatics
{quote} hi abokwaik, i noticed that the number of digits for the jpy charts is 4. I looked at the code and noticed it was written as 3 digits. Even if i changed it to 5 digits to test, the chart is still 4 digits... is this a "feature" of offline charts that the digits is fixed at 4? I tried to load other baskets and the number of digits is still 4
Yes. As far as I know it's a limitation in mt4 offline charts
No guts, no glory
  • #248
  • Apr 11, 2015 9:00am Apr 11, 2015 9:00am
Quoting abokwaik
{quote} Yes. As far as I know it's a limitation in mt4 offline charts
Ok thanks for the prompt response!
  • #249
  • Apr 11, 2015 9:33am Apr 11, 2015 9:33am
Quoting abokwaik
When trading multiple pairs as a basket pips don't mean much (if any). Basket Chart is basically used for technical analysis. I prefer money targets when trading baskets over pip targets, although you can use SL/TP lines but they will not be 100% accurate specially if price took a long time reaching them.
Thanks abokwaik. For my way of trading pips are important. That's why I would like to ask you if its possible to change easily the indicator Basket V8 to work with opposite pairs as your script can do. And as I'm not a programmer, could you explain, if possible, just in a few words which it's the difference between the indicator and the script in it's way of calcultating the offline charts...Thank you...
  • #250
  • Apr 11, 2015 10:07am Apr 11, 2015 10:07am
Thanks jjventural

a script does its all work in one cycle once attached to a chart and then removed automatically (unless coded otherwise).

an indicator repeats its work with each tick until removed from the chart by user.

The create basket script is a special kind of script designed to work continously until stopped (by closing the chart, restarting mt4, overwritten by another script, changing time frame ...)

as for pips they will not be meaningful in the way i am creating the basket charts especially when having directional weights not equal +1.

Regards
No guts, no glory
  • #251
  • Apr 11, 2015 10:44am Apr 11, 2015 10:44am
Quoting abokwaik
New Baskets: Commodity Currencies Basket: ​Pairs : GBPAUD, GBPNZD, GBPCAD, EURAUD, EURNZD and EURCAD Directional Weights: -1, -1, -1, -1, -1, -1 Lot Multiplier : 1, 1, 1, 1, 1, 1 Yen Basket : ​​Pairs : EURJPY​, GBPJPY, AUDJPY, NZDJPY, CADJPY, CHFJPY Directional Weights: -1000, -1000,-1000, -1000,-1000, -1000 Lot Multiplier : 1, 1, 1, 1, 1, 1 Dollar Basket : ​​Pairs : EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF Directional Weights: -10,-10,-10,-10,+10,+10 Lot Multiplier : 1, 1, 1, 1, 1, 1 ​​
hi abokwaik,
you removed usdjpy from the new yen basket and usdjpy from dollar basket.
is there a special reason ?
regards
  • #252
  • Apr 11, 2015 10:57am Apr 11, 2015 10:57am
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...
hi jj,

i checked your indi. num of pairs are 6. jpy basket consists of 7 pairs. ( uj,ej,gj,aj,nj,caj,chj)
which on missing and why ?

regards
  • #253
  • Apr 11, 2015 11:12am Apr 11, 2015 11:12am
Quoting kingofmicro
{quote} hi abokwaik, you removed usdjpy from the new yen basket and usdjpy from dollar basket. is there a special reason ? regards
Yes.

I see USD and JPY as the 2 currencies that affect the market most.

I don't want them together in one basket because they might disturb the basket trending.

For example: when USD weakens, USDJPY weakens while other JPY pairs get stronger.

This is only my opinion and I will put it to test with these baskets.

Regards
No guts, no glory
  • #254
  • Apr 11, 2015 11:44am Apr 11, 2015 11:44am
Quoting abokwaik
{quote} Yes. I see USD and JPY as the 2 currencies that affect the market most. I don't want them together in one basket because they might disturb the basket trending. For example: when USD weakens, USDJPY weakens while other JPY pairs get stronger. This is only my opinion and I will put it to test with these baskets. Regards
thanks share your opinion and agree with you.
in my opinion; usd & yen moving together same direction
when the usd down, anti dolar group up (eu,gbp,aud,nzd,chf, cad)
in this case; if we're trading the yen basket, we should to buy anti dolar group and sell yen.
usually correlation works this way

for example : ( usd down senario )
eurjpy - long ( that means eur buy / yen sell )
gbpjpy - long ( that means gbp buy / yen sell )
audjpy - long ( that means aud buy / yen sell )
nzdjpy - long ( that means nzd buy / yen sell )
cadjpy - long ( that means cad buy / yen sell )
chfjpy - long ( that means chf buy / yen sell )

regards
  • #255
  • Apr 11, 2015 12:02pm Apr 11, 2015 12:02pm
Hello AB , sorry for my english is bad.
This is my first post on the forum , by the way , I'll follow your threads from the sidelines . I am convinced that your system has a great future. Here and there I have a problem with the script and the manager , but I'll talk about that some other time . Maybe it was a mistake on my part. I see you have great programming skills .
I would like to thank you and you wish that you keep doing as you're doing so far . Cheers
  • #256
  • Apr 11, 2015 12:02pm Apr 11, 2015 12:02pm
dolar & yen basket ( yen basket read opposite @ lfx chart )

http://i.hizliresim.com/yPbZBk.jpg
  • #257
  • Apr 12, 2015 1:05am Apr 12, 2015 1:05am
Quoting kingofmicro
{quote} hi jj, i checked your indi. num of pairs are 6. jpy basket consists of 7 pairs. ( uj,ej,gj,aj,nj,caj,chj) which on missing and why ? regards
Hi kingofmicro,

This is because I like to work without the CHFJPY pair, nothing else. When your attach the indicator you can choose in the field "NumOfPairs"= 7 to have all JPY pairs. If you open the indicator in the MetaEditor you can go to line 218 and from there you can change the pairs you want in your basket according to the "NumOfPairs" choosen.
  • #258
  • Apr 12, 2015 1:08am Apr 12, 2015 1:08am
Quoting abokwaik
Thanks jjventural a script does its all work in one cycle once attached to a chart and then removed automatically (unless coded otherwise). an indicator repeats its work with each tick until removed from the chart by user. The create basket script is a special kind of script designed to work continously until stopped (by closing the chart, restarting mt4, overwritten by another script, changing time frame ...) as for pips they will not be meaningful in the way i am creating the basket charts especially when having directional weights not equal +1....
Thanks abokwaik, do you think it's possible to change the indicator to work with opposite pairs???...
  • #259
  • Apr 12, 2015 2:12am Apr 12, 2015 2:12am
Quoting jjventural
{quote} Thanks abokwaik, do you think it's possible to change the indicator to work with opposite pairs???...
Here is a quick comparison between Basketv8 indicator and my Create_Basket script:

 

  1. Basketv8 uses Summation (the old way I started with in version 1), While Create_Basket uses the Nth Root of Multiplication Summation which I found more accurate (where N=number of pairs in the basket).
  2. Basketv8 calculate High and Low same as it calculates Open and Close (inside the main loop), While Create_Basket calculates High and Low on the total (outside main loop), which I found more accurate
  3. This in addition also to customized multiplier, and direction which are not available in Basketv8

To sum it up, Create_Basket_Script_03 is the most accurate method I could find to represent a basket in an offline chart, so why to go back ?

No guts, no glory
  • #260
  • Apr 12, 2015 2:24am Apr 12, 2015 2:24am
Quoting abokwaik
{quote} Here is a quick comparison between Basketv8 indicator and my Create_Basket script: Basketv8 uses Summation (the old way I started with in version 1), While Create_Basket uses the Nth Root of Multiplication Summation which I found more accurate (where N=number of pairs in the basket). Basketv8 calculate High and Low same as it calculates Open and Close (inside the main loop), While Create_Basket calculates High and Low on the total (outside main loop), which I found more accurate This in addition also to customized multiplier, and direction...
I understand you abokwaik, but it's just for the movement in pips wich it's very important in my way of trading, nothing else. If it's no possible to change the indicator I understand it. Thanks again for all your patience....
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