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Basket Trading EA

  • #12,041
  • Oct 3, 2015 5:29am Oct 3, 2015 5:29am
Quoting ForexTrader1
can we sum it up ? pros: 600 pages, 40 versions of EA, a lot of cool features cons: no backtest support, not able to consistently make profits, no stable set of settings identified, EA will die after people realize they cant find a winning set am I missing anything ?
Hi all, how you can find a good setting without backtesting? mt4 can't backtest multicurrency that is crap. i like basket trading it is the same you trade on the stockmarket an stock portfolio. people are to much focused on single currency. trade the basket and calculate your exit based on the basket not on every singlepair. i hope soon will be come a platform for multicurrency basktesting. i will post my results end of the next week but i only trade countertrend on currency strentgh basis.
  • #12,042
  • Oct 3, 2015 6:34am Oct 3, 2015 6:34am
I think people should stop criticizing. If you find it useful for your trade use it, if not, move on to the next thread. Seller9 already mentioned so many times that the tool should not be taken as a trading strategy, but a tool to use with your own strategy. The plugins are to be used if only it suits your own strategy.

I don't know why people are expecting magic. So many people I have seen will say they have been tested in their strategy or trading style for years, but some people always expect quick fix and magic system. The summary is, you can use if it fits your trading strategy or style, if not, move on to the next thread.

All the best.
  • #12,043
  • Oct 3, 2015 10:02am Oct 3, 2015 10:02am
Quoting StOoOk
1st of October I was experimenting only one button with news. This button is trnd. I don't know which news have come, suddenly about 17 arrows have lights i push trade all 28 pairs. Only 3 mins exactly I packed 174.9 pips as in pic attached. Also I have close them manually not by the EA. check the pic attached. I will try is next week to check again and again. This time is the fastest profit I have made. Once the trades have took place. I immediately clear all taps. Then close manually {image}
Interesting strayegy with the news..Did you push the button on NY news time starting, or so after 10 minutes after important releases time? Who in the world would not like to trade only few minutes a day...You did closed manuelly but a hard stop ant tp (Equity) on this strategy can maybe improve in good way
" Accepting losses is the most important single investment devise "
  • #12,044
  • Oct 3, 2015 11:07am Oct 3, 2015 11:07am
Quoting freedom48
{quote} Interesting strayegy with the news..Did you push the button on NY news time starting, or so after 10 minutes after important releases time? Who in the world would not like to trade only few minutes a day...You did closed manuelly but a hard stop ant tp (Equity) on this strategy can maybe improve in good way


I am currently only trading heavy impact news af few moments per day. loving it so far!!

this was a beauty! placed a breakout at exactly 14:30...

cheers!

Jay.
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  • #12,045
  • Oct 3, 2015 11:11am Oct 3, 2015 11:11am
Quoting ForexTrader1
can we sum it up ? pros: 600 pages, 40 versions of EA, a lot of cool features cons: no backtest support, not able to consistently make profits, no stable set of settings identified, EA will die after people realize they cant find a winning set am I missing anything ?
You missed one thing-everybody in this thread keep jumping from one setup to another...thats why nobody can find profitable setups...nobody use fixed SL in settings(if you use EA's-this is first thing you need to set)...everybody wants holy grail but nobody wants to make some effort.
  • #12,046
  • Oct 3, 2015 11:14am Oct 3, 2015 11:14am
Quoting StOoOk
1st of October I was experimenting only one button with news. This button is trnd. I don't know which news have come, suddenly about 17 arrows have lights i push trade all 28 pairs. Only 3 mins exactly I packed 174.9 pips as in pic attached. Also I have close them manually not by the EA. check the pic attached. I will try is next week to check again and again. This time is the fastest profit I have made. Once the trades have took place. I immediately clear all taps. Then close manually {image}
Before or after the new? just trnd and 28 pairs?

Quoting Proximius
{quote} You missed one thing-everybody in this thread keep jumping from one setup to another...thats why nobody can find profitable setups...nobody use fixed SL in settings(if you use EA's-this is first thing you need to set)...everybody wants holy grail but nobody wants to make some effort.

I use Sl for example.
  • #12,047
  • Oct 3, 2015 12:11pm Oct 3, 2015 12:11pm
Quoting Jk.
{quote} I am currently only trading heavy impact news af few moments per day. loving it so far!! this was a beauty! placed a breakout at exactly 14:30... cheers! Jay. {image}
Hi JK Could do you please tell about your exit?
Thank you
nesta
  • #12,048
  • Oct 3, 2015 1:09pm Oct 3, 2015 1:09pm
Quoting freedom48
{quote} Interesting strayegy with the news..Did you push the button on NY news time starting, or so after 10 minutes after important releases time? Who in the world would not like to trade only few minutes a day...You did closed manuelly but a hard stop ant tp (Equity) on this strategy can maybe improve in good way
it was right after (Natural Gas Storage) NY session. the news was at 5:30pm my local time and i was push trnd button then about 10 mins after about 17 arrows come up lol. i mean by close manually is (close all button ) . will see on the coming days. i liked it very much
if there is market there will be opportunities
  • #12,049
  • Oct 3, 2015 1:11pm Oct 3, 2015 1:11pm
Quoting tencru
{quote} Before or after the new? just trnd and 28 pairs? {quote} I use Sl for example.
after the news
if there is market there will be opportunities
  • #12,050
  • Oct 4, 2015 6:09am Oct 4, 2015 6:09am
Quoting crebcreb
{quote} Hi JK Could do you please tell about your exit? Thank you


Hi CrebCreb,

I enter by looking at the past few hours before the news. when the price stays faily stable i place a breakout on the 15m chart.
An entry is made after a 10 pip move.

then after 30 pips i start trailing by placing the SL on the high three bars back.


for all this i use a tool of a forum member named MasterBrent.

I absolutly love Casino and the road it is traveling and i personaly think that news trading is a strategy that would realy fit the dash.
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  • #12,051
  • Oct 4, 2015 10:17am Oct 4, 2015 10:17am
Im new to this EA. any documentation about how to work with casino ? i installed all the files in to MT4 and i check videos but still have question about how to work with this. please help me..
  • #12,052
  • Oct 4, 2015 10:30am Oct 4, 2015 10:30am
Quoting Jk.
{quote} Hi CrebCreb, I enter by looking at the past few hours before the news. when the price stays faily stable i place a breakout on the 15m chart. An entry is made after a 10 pip move. then after 30 pips i start trailing by placing the SL on the high three bars back. for all this i use a tool of a forum member named MasterBrent. I absolutly love Casino and the road it is traveling and i personaly think that news trading is a strategy that would realy fit the dash. {image} {image}
Hi JK: Thank you for your kindly reply and about your intersting idea in your Post 11.877 ;


built-in indicator like HAS that imports forex factory's calendar. working together with trend filters on the pin's.

1. could be used to disable that particular pair for a specific amount of time.

2. could be used to enter a brakeout trade with extremly acurate timing.
In My opinion, this could be great to implement in the dasboard, but personally I dont know if its technically possible, the best person who know it is Mr. Seller maybe he can consider this idea to the casino dashboard.
regards
crebcreb
nesta
  • #12,053
  • Oct 4, 2015 1:27pm Oct 4, 2015 1:27pm
Sorry Guys and Gals, I am at the moment trying to fight off a category 6 Virus and it looks like it may take some more time, but after reading the posts I have missed I thought I should bring up a few thoughts about Casino.

1) Any trading plan should be KIS, don't try to get rich over night.

2) Back testing any plan in my opinion is useless, do you think that a 1 year chart in the past is going to look like the next year, forward testing takes longer but it is the only way. Also, even if a Demo trade plan looks great it may not perform in the real live market, I have this many times when going from demo to live. So when you go live with a plan you think will work, always start small because it may look different.

3) All of the filters in Casino, accept the HAS, try to give you the best idea of what is happening now.

4) The TRND plugin and the HnG plugins all use the present price action, the other ones may be lagging. You will find that the trend lines that the TRN Brk places on the chart are the same that another Trader use to post in this forum, of course the time they are drawn will make a difference.

5) Remember, we are only trying to find a trade plan that will get us a constant 25 to 75 pips per day, once we find this we than adjust our lot size and pick the best pairs to trade, we don't need to trade all 28 pairs, you can pick your pairs using the 8 Ball or the volatility button or any other method you like.

6) Casino is only one tool, if you like it use it, if not then don't use it, but don't condemn those who are trying to use it, one of them could be the next Billionaire, lets just hope he will pass his secretes along to the rest of us.

Time to go and refresh my virus fluids.

Have a nice day.
  • #12,054
  • Oct 4, 2015 2:04pm Oct 4, 2015 2:04pm
Get well soon seller, and thanks for the advice

you can also look up vitamin C treatments for viral infections, may find some good info


Quoting seller9
Sorry Guys and Gals, I am at the moment trying to fight off a category 6 Virus and it looks like it may take some more time, but after reading the posts I have missed I thought I should bring up a few thoughts about Casino. 1) Any trading plan should be KIS, don't try to get rich over night. 2) Back testing any plan in my opinion is useless, do you think that a 1 year chart in the past is going to look like the next year, forward testing takes longer but it is the only way. Also, even if a Demo trade plan looks great it may not perform in the real...
  • #12,055
  • Oct 4, 2015 3:33pm Oct 4, 2015 3:33pm
Get well soon Eugene.
  • #12,056
  • Oct 4, 2015 3:43pm Oct 4, 2015 3:43pm
ALFTrade any updates with your Renko, CCI and HAS tests? thanks

Quoting ALFtrade
{quote} Good job mate, I tried a similar technique last night by using the CHF and GBP crosses. No core splits though as I thought we may have a bit too much volatility leading into the FOMC rate statement. 4h TF with it set as a PO not BO, 5 pip buffer, 100 pip equity tk (demo so a bit greedy would normally just go for the 40 pip) and a JSL. I trade the news with my live account. Trading into events, using a straddle EA to trade the spike of events and trade out of events. Strategy works well but having a tool like this can really add an extra...
  • #12,057
  • Oct 5, 2015 2:59am Oct 5, 2015 2:59am
Quoting freedom48
{quote} ) maybe my english skills confuses me...previous post was about 4h charts, now you wrote 1h charts. But despite of this if we open HasD and HasT internal with default settings 2,3,2,4 and 15M then we do not need to open 28 charts beside the panel . So we do then not open other charts on 1h or 4h..... Did you mean (for HAs 1Hr charts.) Magic Ball8 on 1H charts ? ....I am sending the picture to get it better moment.{image}
Hello i'm testing your setting and this is the result 2-10-15/5-10-15
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  • #12,058
  • Oct 5, 2015 4:01am Oct 5, 2015 4:01am
Quoting StOoOk
1st of October I was experimenting only one button with news. This button is trnd. I don't know which news have come, suddenly about 17 arrows have lights i push trade all 28 pairs. Only 3 mins exactly I packed 174.9 pips as in pic attached. Also I have close them manually not by the EA. check the pic attached. I will try is next week to check again and again. This time is the fastest profit I have made. Once the trades have took place. I immediately clear all taps. Then close manually {image}
Thanks StOoOk for this strategie, I've tested it this morning with a TP of 105 €, here is the result after 12 minutes trading:

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I will test it also this afternoon when the next red news come.

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  • #12,059
  • Oct 5, 2015 4:54am Oct 5, 2015 4:54am
Quoting jamesT.
{quote} Thanks StOoOk for this strategie, I've tested it this morning with a TP of 105 €, here is the result after 12 minutes trading: {image} I will test it also this afternoon when the next red news come. {image}
You are welcome. I have created new demo account for this strategy to trade only red news. Check my signature
if there is market there will be opportunities
  • #12,060
  • Oct 5, 2015 4:58am Oct 5, 2015 4:58am
Quoting tundex
I think people should stop criticizing. If you find it useful for your trade use it, if not, move on to the next thread.
In my humble opinion if Seller 9 could incorporate the features of his ChaChink into Casino then it may be known as the near perfect dashboard ...
Thoughts Seller9?
When you are successful perhaps give a thought to others ... Kiva dot org
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