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Basket Trading EA

  • #9,701
  • May 7, 2015 8:02am May 7, 2015 8:02am
Quoting seller9
{quote} Bug Fixed in version 9 in zip file first post
That fixed my problem, I was able to get 3 baskets at 1% each. Just going for 50 pips per basket with

pin1 Has X 2/4/2/1 exit true
Pin2 CCI D 0/14/0/25/-25 exit false
  • #9,702
  • May 7, 2015 8:09am May 7, 2015 8:09am
Quoting jditch1
{quote} Its simple, when a trade is triggered and reaches X green pips, your stop loss goes to BE by itself,,,,,and cero risk for that position..... {image}
The Equitity TP implemented in SLOTS does kind of that so you can TP at a certain point.

Something like "Cave Manager EA" I think could make more sense since it auto adjusts your TP and SL (not only for 0 loss, but raising as your position grows (or not )). You can read more in its thread in the forum.
Next weekend I will prepare SLOTS + Cave Manager to see the results during the next week.

May the green pips be with us all!
  • #9,703
  • May 7, 2015 9:09am May 7, 2015 9:09am
Quoting silazpt
I Have a question to you all. What works best for you? Different baskets or the same basket with equitity TP? Examples: 5 baskets with TP of 10$ OR 1 basket with TP of 50$ and equitity profits(10+10+10+10)? Best regards! May the green pips be with you all.
Hi Silazpt, good question I guess it depends on trading strategy, MM and psychology. I always thought the less trades you are placing the better as you have to take into account commission, spreads and slippage. If you in and out but trading the same asset 2 - 3 times you are just loosing money to your broker. May not seem like much but it all adds up.

I trade the opening on London and opening of NY, set an equity lock and manually place stop losses on each currency and move them accordingly to secure profits. Seems to be working ok for now but only time will tell.

All the best and happy trading
'Stability breeds Instability' Hyman Minsky
  • #9,704
  • May 7, 2015 9:58am May 7, 2015 9:58am
Quoting SmoothTrader
{quote} Yes I am using the same template for my charts with SLOTS v10. The only thing that I have changed is instead of setting my Equity TP @ 3% of my balance, at approximately 50 pips, and Stop after 2 baskets, I have set my EQUITY TP @ 1.5% of my balance, at approximately 30 pips, and Stop after 4 baskets. These are just my personal test settings, and I don't want to imply that they are the perfect settings. GREEN pips to you in all facets of your quest.....
Thank you very much...
  • #9,705
  • May 7, 2015 1:03pm May 7, 2015 1:03pm
Quoting denya
{quote} Thank you for comprehensive information. If I understand the formula. You use MM: 0.01 lot/200 $, TP=3 $, No SL....
Here is the simple spread sheet that I set-up to calculate Lot size based on the Percent per Basket Goal and the number of Pips Per Basket.

A simple tool that I hope will help.

GREEN pips to everyone.....

Attached File(s)
File Type: xlsx SLOTS position sizing.xlsx   17 KB | 621 downloads
  • #9,706
  • May 7, 2015 1:51pm May 7, 2015 1:51pm
Quoting SmoothTrader
{quote} Here is the simple spread sheet that I set-up to calculate Lot size based on the Percent per Basket Goal and the number of Pips Per Basket. A simple tool that I hope will help. GREEN pips to everyone..... {file}
Thanks Smooth!
  • #9,707
  • May 7, 2015 2:30pm May 7, 2015 2:30pm
Quoting silazpt
{quote} The Equitity TP implemented in SLOTS does kind of that so you can TP at a certain point. Something like "Cave Manager EA" I think could make more sense since it auto adjusts your TP and SL (not only for 0 loss, but raising as your position grows (or not )). You can read more in its thread in the forum. Next weekend I will prepare SLOTS + Cave Manager to see the results during the next week. May the green pips be with us all!
thanks, i will aprecciate if you share this "cave manager", im looking for something like that,,,,,,i couldnt find the thread .........
  • #9,708
  • May 7, 2015 2:35pm May 7, 2015 2:35pm
Quoting jditch1
{quote} thanks, i will aprecciate if you share this "cave manager", im looking for something like that,,,,,,i couldnt find the thread .........
http://www.forexfactory.com/showthread.php?t=127271 -> "Cave Manager" comes with the install of THV_V4

Hope it helps
  • #9,709
  • May 7, 2015 2:36pm May 7, 2015 2:36pm
Quoting SmoothTrader
{quote} Here is the simple spread sheet that I set-up to calculate Lot size based on the Percent per Basket Goal and the number of Pips Per Basket. A simple tool that I hope will help. GREEN pips to everyone..... {file}
Many thanks SmoothTrader!

May the green pips be around us all!
  • #9,710
  • May 7, 2015 2:36pm May 7, 2015 2:36pm
Quoting Pip Poppy
Hi Seller9, I am still having issues with V10 taking 'OR' trades. Please see attached picture whereby the EA opened two trades where both pins were in agreement but failed to open a trade on the other two pairs where only one of the pins was triggered. Cheers, Pip Poppy {image}
My fault, I thought I had fixed that but looking at the code I see I missed it and didn't fix it before I posted it.

Too many things going on.

Slots version 11 fix in post 1 for the AND/OR problem
  • #9,711
  • May 7, 2015 2:50pm May 7, 2015 2:50pm
Quoting Surgefx
Please how can the attached indicator level be used as part of the autoentry condition. {file}
I am always open to the use of different indicators that can be made into plugins for Slots, but before I spend a lot of time researching any that are suggested I require that the trader requesting show proof and a winning trade history of the indicator in actual use by himself and not just pointing me to some Holy Grail forum that I have to spend hours digging through.

I get tons of requests about the greatest indicator since sliced bread, but as we all know, all indicators are derived from the same basic information we are all looking at when we view the chart, unless we have a crystal ball, and mine is broke at this time.

As always, KIS is the principle to follow, and always willing to give proven ideas a try, as we all like to make pips.

Good Luck
  • #9,712
  • May 7, 2015 2:52pm May 7, 2015 2:52pm
Quoting SmoothTrader
{quote} The basic formula that I use to determine the position sizing is based on a couple of things. The first is Pip Value (PV) which if you take all 28 pairs and average their Pip Value per pip for each micro lot (0.01) it comes out to approximately 9 cents. The next is the account Balance (B), and then the Percentage Return (PR) per basket you are targeting. Finally the number of Pips (P) you want to reach your basket goal. Then it is put all together into the following formula: (B*PR/100)/(P * PV) = Number of lots example: ($400*1.5/100)/(30*9)...
SmoothTrader, thanks to this lesson I have "earned" (on a $500 demo) $30+ today, trading 0.02 lot, with Equity TP/Lock: $7.50/$5.00....
  • #9,713
  • May 7, 2015 4:02pm May 7, 2015 4:02pm
Quoting seller9
{quote} I am always open to the use of different indicators that can be made into plugins for Slots, but before I spend a lot of time researching any that are suggested I require that the trader requesting show proof and a winning trade history of the indicator in actual use by himself and not just pointing me to some Holy Grail forum that I have to spend hours digging through. I get tons of requests about the greatest indicator since sliced bread...
Hi Seller,

Speaking of proven winning formulas, I'm still very much in love with the "old" BT_14 😍 and use it every single day!
It's just an awesome tool!
I don't want to seem to be trying to make you go back in time, but... Is there anyway you could find the time (just a little) to make a version 28 for us faithful BT users?
The only 3 features that I think could improve (even more) the trading experience with the BT ea are:

  1. Partial Take Profits - levels by percentage of total open position (with draggable lines)
  2. Add to trade function like the Bandit EA (with draggable lines)
  3. Buy/Sell Stop/Limit orders

Thankyou!!!!

  • #9,714
  • May 7, 2015 4:55pm May 7, 2015 4:55pm
Quoting seller9
{quote} My fault, I thought I had fixed that but looking at the code I see I missed it and didn't fix it before I posted it. Too many things going on. Slots version 11 fix in post 1 for the AND/OR problem
Thank you Seller9 - appears to be working as intended now
Have you given any thought to having the bot close all trades on a Friday?

Cheers,
Pip Poppy
  • #9,715
  • May 7, 2015 5:54pm May 7, 2015 5:54pm
Quoting Pip Poppy
{quote} Thank you Seller9 - appears to be working as intended now Have you given any thought to having the bot close all trades on a Friday? Cheers, Pip Poppy
I am still trying to get it to make my Breakfast.
  • #9,716
  • May 7, 2015 6:04pm May 7, 2015 6:04pm
Quoting seller9
{quote} I am still trying to get it to make my Breakfast.
  • #9,717
  • May 7, 2015 6:17pm May 7, 2015 6:17pm
Quoting seller9
{quote} I am still trying to get it to make my Breakfast.

Seller 9 , Have you read my post? Please consider it? Thanks
  • #9,718
  • May 7, 2015 8:02pm May 7, 2015 8:02pm
Quoting nicetiga
{quote} Seller 9 , Have you read my post? Please consider it? Thanks
Yes I did and I will take a longer look at it this weekend.

I would probably just make a different CCI plugin to use that way.

I will look at some charts this weekend.
  • #9,719
  • May 7, 2015 8:03pm May 7, 2015 8:03pm
Quoting seller9
{quote} Yes I did and I will take a longer look at it this weekend. I would probably just make a different CCI plugin to use that way. I will look at some charts this weekend.
thanks man. Many Green Pips to ya
  • #9,720
  • May 7, 2015 8:22pm May 7, 2015 8:22pm
Hi Seller, really very appreciative for everything you have done for traders on this forum, a true gentleman.

I am having an issue with the Bandit EA. On some currency pairs not all (seems to be quite randomized) as soon as you attach the Bandit EA to a live trade it will set up the last known stop loss for this pair and if the price is already passed the stop loss it will automatically close the trade. It's happened about 6 times this week. I now make sure I attach it to the charts straight away so if it is going to close it I only lose the spread. Unsure if anything can be done about it but just thought I would let you know to see if there are any other ways around this. I've tried saving it as a template with the Bandit all neutralized but doesn't seem to make a difference.

I hope you have a good weekend

Thanks
'Stability breeds Instability' Hyman Minsky
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