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Basket Trading EA

  • #12,081
  • Oct 5, 2015 9:18pm Oct 5, 2015 9:18pm
Does anyone know where the numbers shown in Basket Writer LHS come from?
Thanks
Richard

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When you are successful perhaps give a thought to others ... Kiva dot org
  • #12,082
  • Oct 5, 2015 11:24pm Oct 5, 2015 11:24pm
Quoting PayItForward
Does anyone know where the numbers shown in Basket Writer LHS come from? Thanks Richard {image}
A while back, while watching the older videos, I took some notes. About this part I wrote down: the number in the crosses screen is a strength number; the higher the number, the more solid a pair is. The strength number is calculated by subtracting the higher value from the lesser value - eg: EUR-CAD= strength number.


Eddie

PS: A lot of these details are cloudy for me right now as I don't use Basket writer that much. Hope this answered your question
  • #12,083
  • Oct 6, 2015 2:38am Oct 6, 2015 2:38am
Quoting PayItForward
Does anyone know where the numbers shown in Basket Writer LHS come from? Thanks Richard {image}
i do not remember exactly but there where a lot of discusstion in old days like a filter to calculate the strength of each currency, it is like a heat map. i think in Casino you can find it in the upper left corner and you can merge them in one graph. it is relevant to use them. Mr. Seller did a very great job.
if there is market there will be opportunities
  • #12,084
  • Oct 6, 2015 4:57am Oct 6, 2015 4:57am
Quoting emadmax001
{quote} A while back, while watching the older videos, I took some notes. About this part I wrote down: the number in the crosses screen is a strength number; the higher the number, the more solid a pair is. The strength number is calculated by subtracting the higher value from the lesser value - eg: EUR-CAD= strength number. Eddie PS: A lot of these details are cloudy for me right now as I don't use Basket writer that much. Hope this answered your question
Hi
Thanks but it doesn't really give me a definitive answer ...
I understand that they may be important but if someone is going to place some credibility on them they should know where they come from, e.g. EUR-CAD= strength number, is in HR1 Eur = -39 and Cad = 48, so EUR-Cad = -39-48 = -87 ?? or even -39+48 = 9 does not equate to what actually happened over the period?

I believe that some, e.g. SMKNY, use these numbers for their pair selections??

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When you are successful perhaps give a thought to others ... Kiva dot org
  • #12,085
  • Oct 6, 2015 5:00am Oct 6, 2015 5:00am
Quoting StOoOk
{quote} i do not remember exactly but there where a lot of discusstion in old days like a filter to calculate the strength of each currency, it is like a heat map. i think in Casino you can find it in the upper left corner and you can merge them in one graph. it is relevant to use them. Mr. Seller did a very great job.
Hi StoOok
Thanks same response as previous post.
Hopefully someone will have a definitive answer.
Cheers
Richard
When you are successful perhaps give a thought to others ... Kiva dot org
  • #12,086
  • Oct 6, 2015 8:33am Oct 6, 2015 8:33am
Quote
PayItForward
Quote
Thanks but it doesn't really give me a definitive answer ...
I understand that they may be important but if someone is going to place some credibility on them they should know where they come from, e.g. EUR-CAD= strength number, is in HR1 Eur = -39 and Cad = 48, so EUR-Cad = -39-48 = -87 ?? or even -39+48 = 9...
[/highlight][/font]

Thats the currency-corrolation
You can compare with the currency-corrolation from the live feed at http://fxtrade.oanda.com/analysis/currency-correlation.
As per your calculation highlighted above, you may consider a simple example like your left hand is negative values and your right hand is positive value. There fore to know the difference in currency-corrolation, you will have to ignore the negetive on your lefthand to be able to know the exact difference in distance (currency-corrolation)
so you will have lefthand to middle or your chest 39 plus the middle to your right hand 48 = 87
On the other hand if both were say positive it means the are both above the middle point ie 0 and there fore the currency-corrolation 48 - 39 = 9
  • #12,087
  • Oct 6, 2015 5:12pm Oct 6, 2015 5:12pm
Quoting Liovannix
{quote}{quote}[/font] Thats the currency-corrolation You can compare with the currency-corrolation from the live feed at http://fxtrade.oanda.com/analysis/currency-correlation. As per your calculation highlighted above, you may consider a simple example like your left hand is negative values and your right hand is positive value. There fore to know the difference in currency-corrolation, you will have to ignore the negetive on your lefthand to be able to know the exact...
Hi Liovannix
Thanks ... understand that is the 'spread' between the two.
You obviously follow the KIS principle.
Thanks again :-)
Cheers
Richard
When you are successful perhaps give a thought to others ... Kiva dot org
  • #12,088
  • Oct 6, 2015 10:19pm Oct 6, 2015 10:19pm
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, ...
Dear Eugene,

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May God Bless You and All of Yours!
  • #12,089
  • Oct 7, 2015 1:14am Oct 7, 2015 1:14am
Mr.seller9 I want using Slot Bandit EA , but after opening the trade take a second and closing trade?

Can you help me with that ?

Thyanks
  • #12,090
  • Edited 4:54am Oct 7, 2015 2:41am | Edited 4:54am
Hey guys can anyone explain how it works equity lock?
I put 2.21 hit 2.34 equity lock and now I'm losing.
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  • #12,091
  • Oct 7, 2015 3:38am Oct 7, 2015 3:38am
Hello Selller,
Thanks again for your work.
I post a picture with again the same problem i had many times. Trade signal open and close at the same time.
Maybe you can help?

I use renko+cc1 as pin1, no other filters.

Is there a way to add a filter to open trades only in the direction of the trend?

Upon to you what is the best tool : renko+cc1 or HAS?

Thank you
  • #12,092
  • Oct 7, 2015 10:54am Oct 7, 2015 10:54am
Quoting kamb
Hey guys can anyone explain how it works equity lock? I put 2.21 hit 2.34 equity lock and now I'm losing. {image}
that means only when your equity reached 2.50, then it will lock 2.21. from your picture, it never went to 2.50, so it won't lock your equity.
  • #12,093
  • Oct 7, 2015 1:26pm Oct 7, 2015 1:26pm
there is already a trend filter built in, just make sure the Trnd button is selected (next to pin1 and pin2 buttons near top right of the dash)

Quoting sbenichou1
Hello Selller, Thanks again for your work. I post a picture with again the same problem i had many times. Trade signal open and close at the same time. Maybe you can help? I use renko+cc1 as pin1, no other filters. Is there a way to add a filter to open trades only in the direction of the trend? Upon to you what is the best tool : renko+cc1 or HAS? Thank you
  • #12,094
  • Oct 7, 2015 2:00pm Oct 7, 2015 2:00pm
THANK YOU Blamshakk,

I saw this filter but i don't really understand what can of trend it is (short ou long term)
Is there a pdf file which explain all fonctions of casino?
tx a lot
  • #12,095
  • Oct 7, 2015 6:31pm Oct 7, 2015 6:31pm
Quoting sbenichou1
THANK YOU Blamshakk, I saw this filter but i don't really understand what can of trend it is (short ou long term) Is there a pdf file which explain all fonctions of casino? tx a lot
The trend button takes the direction from multiple time frames and gives you an overall direction. Instead of a PDF Seller9 has been nice enough to make multiple detailed videos. From setting everything up correctly, to using the plug ins and even some helpful hints on how you may be able to make a few pips. The video link can be found on page 1.

Good Luck
'Stability breeds Instability' Hyman Minsky
  • #12,096
  • Edited 7:18pm Oct 7, 2015 7:02pm | Edited 7:18pm
TRADING COMPETITION - Looking for participants

Hello fellow traders, I'm looking at a CASINO demo trading competition. For those that are testing out new systems that think they may have a some what profitable system but want to test it out against other traders before going live with it. Unsure if Seller9 would want this sort of thing clogging up his thread so I will need to get permission for people to be posting results here. If not we can create our own thread for results.

- The idea is a bit of friendly competition may help drive us to put in the extra hours needed to become better traders.
- Get to know what other traders are doing, it's all good for people to post a screen shot of a profitable day but it would be good to know if that system will stand up over the week, month etc.
- Get to know your fellow traders. Trading can be an isolated experience, this may help to put systems, strategies to the persons profile.

Start Date : Monday 12th October
Finish Date : Friday 6th November
Starting Account : $5000 USD

Rule 1 - If you get busted you are out of the competition
Rule 2 - You need to have expressed interest and posted your strategy by Monday the 12th to be involved. Try and explain your strategy in detail with all the settings etc.
Rule 3 - You can not change your strategy mid way through this competition. Example - changing things like TSL to a fixed SL is fine but changing from using HAS to CCI is too much of a change and wont give good results. It is better if you stick to your system from the get go but for those that are still in a transition stage and want to join then you can still tweak as you go.
Rule 4 - Post your results, either here or on a new thread for the results. I will do a daily table, weekly and the final monthly table. This way we can have daily winners, weekly winners and the overall winner. You will have to set your start balance to the $5000.00 starting level and leave it for the 4 week challenge, so we can easily see your Cycle P/L. We will need to see your Max Equity DD daily as well so refreshing Casino daily is needed.

This is just an idea and something I thought some people may be interested in. Any other things that people would like to see in a competition then post your ideas.

Let me know your thoughts or if anyone is interested.

Regards

Alex
'Stability breeds Instability' Hyman Minsky
  • #12,097
  • Oct 7, 2015 8:21pm Oct 7, 2015 8:21pm
Quoting dagoods
{quote} bump
Yes...just idea for easy see currenccy brother...i think this is basic calc...best regard...Ding
Regard, Ding Dong
  • #12,098
  • Oct 8, 2015 12:15am Oct 8, 2015 12:15am
Quoting kamb
Hey guys can anyone explain how it works equity lock? I put 2.21 hit 2.34 equity lock and now I'm losing. {image}
By your screenshot your Equity Lock is set to $2.21 AFTER you have achieved at least $2.50 profit.

Since, by your narrative, the market only reached a profit of $2.34, the Equity Lock had not been triggered yet.

GREEN pips to one and all.
  • #12,099
  • Oct 8, 2015 1:53am Oct 8, 2015 1:53am
Quoting fallenleaf
{quote} that means only when your equity reached 2.50, then it will lock 2.21. from your picture, it never went to 2.50, so it won't lock your equity.
Quoting SmoothTrader
{quote} By your screenshot your Equity Lock is set to $2.21 AFTER you have achieved at least $2.50 profit. Since, by your narrative, the market only reached a profit of $2.34, the Equity Lock had not been triggered yet. GREEN pips to one and all.

Thanks you guys.
  • #12,100
  • Oct 8, 2015 5:37am Oct 8, 2015 5:37am
Thank you
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