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Basket Trading EA

  • #12,101
  • Oct 8, 2015 11:16am Oct 8, 2015 11:16am
Quoting qarqoush
{quote} It depend on which time-frame you are working on because basket can change based on time-frame. Usually analysis on daily char TP/SL weekly PIP movements. I use My own Heatmap. If I use weekly then you are right here is the weekly {image}
Hi gargoush,

thank you very much for your feedback and sorry for late response... have been off the past 3 weeks for various reasons, but back now.
This makes sense and seems I am following pretty much the same thinking than you and on the right track. Probably any slight difference in the way of gauging the sentiments may lead to slight differences...

I just read from here to end of thread and have not seen any more posts from you. Are you still following this method? Still working as good for you?

Thanks!
  • #12,102
  • Edited 4:14pm Oct 8, 2015 3:59pm | Edited 4:14pm
Quoting seller9
... 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. ...

Suggested Improvement for Casino Renko CCI Renko Trend strategy


Good day, Seller9 and the rest of Casino fans,

I would like to share some thoughts about what I have experienced while testing out the Casino CCI Renko Trend strategy.

While this has the potential to become the best automated medium-term trading tool, currently, the strategy does not prove to be at least 60% reliable. For example, it trades 2-3 days with awesome results and then it starts chipping away at the profits and the equity, hitting stop losses due to price moves in the opposite direction. What happens is the internal Casino "Trnd" filter is lagging and very intermittent (especially on slower VPS), and it's probably more suitable for shorter-term strategies.

I have been looking for a better trend reversal detection indicator and I believe I might have found one. It is called the Cycle Identifier. Below is the Casino Renko chart with a standard MT4 Heiken Ashi indicator overlaid on the Renko candles with wicks, and under the Casino CCI you can see what the Cycle Identifier looks like:

Attached Image (click to enlarge)
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What we want to concern ourselves with are its thicker red and blue vertical bars denoting Major cycle changes that appear below and above the horizontal center line:

Attached Image (click to enlarge)
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We would ignore thinner bars representing weaker cycle signals, as the chance of them repainting is much higher than what the case might be with thicker Major Cycle reversal bars.

Let's take a look at the current potential trade situation and its exit:

Attached Image (click to enlarge)
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  1. The Cycle Identifier generates a major SELL signal.
  2. The dynamic CCI line downcrosses the upper threshold and the SELL position is opened.
  3. The Cycle Identifier generates a major BUY signal and we close the trade in profit at that signal. But WE DO NOT INITIATE THE BUY TRADE BECAUSE THERE IS NO CCI CONFIRMATION.

Here are a couple of "encyclopedic" trades

Attached Image (click to enlarge)
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Here is how it behaves in a ranging market - as you can see, we could have traded this too as denoted by Major BUY and Major Sell bars at extremes of the range:

Attached Image (click to enlarge)
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Overall, even though it is a repainting indicator, it still is far better than the Semaphore and, in my humble opinion, better than the Trnd Casino filter for longer term strategies. The more senior the timeframe is, the more reliable this indicator will be. Renko Trend is a longer-term strategy which filters out a lot of noise, and so I believe that coupled with an existing Casino CCI, the Cycle Identifier might just prove to be one of those missing pieces for the early and more accurate trend reversal signals and trade exits, than the internal Casino "Trnd" filter or CCI alone.

Seller9, it would be SO WONDERFUL if you could integrate this indicator into the Casino as one of its plugins! Perhaps, the Trnd internal algorithm could be replaced with it?

Even better - merge this indicator with an existing CCI as a SINGLE indicator plugin for PIN1 or PIN2, so the final product would look like this:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot6.png Size: 65 KB


You could call it CCI Cycle Identifier Plugin.

Indicator attachments are in my next post.
  • #12,103
  • Oct 8, 2015 4:01pm Oct 8, 2015 4:01pm
Quoting seller9
... 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. ...


Attached are the 2 versions of the Cycle Identifier - 1 with Alerts and arrows and the other one - clean. Both generate the same results.


Thank You so much!
Attached File(s)
File Type: mq4 Cycle identifier_alerts+arrows.mq4   18 KB | 1,010 downloads
File Type: mq4 CycleIdentifier.mq4   14 KB | 775 downloads
  • #12,104
  • Oct 8, 2015 4:35pm Oct 8, 2015 4:35pm
Quoting seller9
... 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. ...



CCI Cycle Identifier:

Entry Rules:

  1. Cycle Identifier displays Major Buy or Sell bar signal.
  2. CCI line crosses the upper or lower threshold.
  3. The trade is opened in the direction of both the CCI and the Cycle identifier.

Exit rules:

  1. Cycle Identifier generates an opposite Major Cycle signal.
  2. The trade position is closed.

  • #12,105
  • Oct 8, 2015 4:58pm Oct 8, 2015 4:58pm
Quoting TraderJoes
{quote} CCI Cycle Identifier: Entry Rules: Cycle Identifier displays Major Buy or Sell bar signal. CCI line crosses the upper or lower threshold. The trade is opened in the direction of both the CCI and the Cycle identifier. Exit rules: Cycle Identifier generates an opposite Major Cycle signal. The trade position is closed.

can you put up the CCi you have as well?
The only thing that will make us successful is if we can control ourselves!
  • #12,106
  • Oct 8, 2015 5:28pm Oct 8, 2015 5:28pm
Quoting pabuuu
{quote} can you put up the CCi you have as well?
I guess it's too much work for you to download it from post #1?
  • #12,107
  • Oct 8, 2015 5:41pm Oct 8, 2015 5:41pm
Quoting emadmax001
{quote} I guess it's too much work for you to download it from post #1?

I was on to the one he has merged. It is not on the first page
The only thing that will make us successful is if we can control ourselves!
  • #12,108
  • Oct 8, 2015 5:42pm Oct 8, 2015 5:42pm
Quoting TraderJoes
{quote} CCI Cycle Identifier: Entry Rules: Cycle Identifier displays Major Buy or Sell bar signal. CCI line crosses the upper or lower threshold. The trade is opened in the direction of both the CCI and the Cycle identifier. Exit rules: Cycle Identifier generates an opposite Major Cycle signal. The trade position is closed.
Hi TraderJoes. The indi looks interesting - but if it repaints, how can you tell right away if it's a minor trend (hold your position) vs major trend reversal(close position)? I'm assuming it behaves like the semafor: first it marks all trend changes as minor (Semafor marks them with a red/green dot) then by the time you get the sun, it's too late.
  • #12,109
  • Oct 8, 2015 5:43pm Oct 8, 2015 5:43pm
Quoting pabuuu
{quote} I was on to the one he has merged. It is not on the first page
Have you checked Latest_Casino_and_Fixes.zip on the 1st post?
  • #12,110
  • Oct 8, 2015 8:24pm Oct 8, 2015 8:24pm
Quoting pabuuu
{quote} can you put up the CCi you have as well?
pabuuu, the CCI is part of Seller9's Casino EA package you can download from the 1st post. If you are missing it, here it is:
Attached File(s)
File Type: ex4 Casino_CCI_PIN_v3e.ex4   48 KB | 677 downloads
  • #12,111
  • Oct 8, 2015 8:36pm Oct 8, 2015 8:36pm
Quoting emadmax001
{quote} Hi TraderJoes. The indi looks interesting - but if it repaints, how can you tell right away if it's a minor trend (hold your position) vs major trend reversal(close position)? I'm assuming it behaves like the semafor: first it marks all trend changes as minor (Semafor marks them with a red/green dot) then by the time you get the sun, it's too late.
emadmax001,

Please test the Cycle Identifier yourself to see how it works - it is definitely a lot better than the Semaphore in terms of spotting trend reversals and works qiuite differently. Load it on Casino Renko charts or any chart and you will see how it works. M1 chart will give you an accelerated view (just never use this indicator on anything less than M30 or even H1).
  • #12,112
  • Oct 8, 2015 8:44pm Oct 8, 2015 8:44pm
Quoting pabuuu
{quote} I was on to the one he has merged. It is not on the first page
pabuuu,

I don't have seller9's source codes and can't modify/create anything. I was merely stating an idea of merging the CCI and Cycle Identifier into ONE indicator. What you saw on my screenshot was actually created by just dragging the Cycle Identifier indicator from an MT4's navigator window onto the CCI Indicator already on the chart. Therefore, unfortunately, I don't have this merged "CCI Cycle Identifier" Casino-compatible indicator. It is just a development idea.
  • #12,113
  • Oct 9, 2015 12:22am Oct 9, 2015 12:22am
TraderJoes,

Unless you have the source code (ex4 files) for that indicator and it is a public indicator, not a hacked compiled version, then Seller9 will show no interest as he does not wish to hack someone else's hard work and I certainly respect him for that.
Go back a couple of hundred pages in this thread and you will see what I am talking about.

A quick google will tell you that this indicator was initially developed by Roy Kelly and it does repaint to some extent.

see https://www.trendpro.com/pdfs/tm.pdf

Cheers,
Pip Poppy
  • #12,114
  • Oct 9, 2015 2:19am Oct 9, 2015 2:19am
Hello guys, we can put maximum of trade at same time? today opened 15 trades at the same time, this hit in one broker the sl but in the other broker i have other sl and after 2 min this 15 trades won.

I want to put a maximum of trade at same time for example 10
  • #12,115
  • Oct 9, 2015 3:39am Oct 9, 2015 3:39am
Hi guys
Seller9 – Have you considered adopting casino to commodities and major national indexes?
According to my analysis we will see big drop and rises. I think is a perfect time to make a really good profit.
All the best
d.
  • #12,116
  • Oct 9, 2015 7:01am Oct 9, 2015 7:01am
Once I read london session market makers may think different from tokyo people.

Thus sometime there will be a fake breakout and then reverse.

So..maybe we will be mislead by the previous price action ? like trnd, M1, trnd brk, etc.

Maybe we should set to wait a little while after the market open ?
So we won't mislead by the tokyo session.

Do I comprehend it right? Or is there something I didn't think it through?
  • #12,117
  • Oct 9, 2015 6:55pm Oct 9, 2015 6:55pm
Quoting kamb
{quote} Wow how you won this? O_O
hi, this was a small win , check lot size was 0.5...
" Accepting losses is the most important single investment devise "
  • #12,118
  • Oct 10, 2015 2:18pm Oct 10, 2015 2:18pm
Quoting freedom48
{quote} hi, this was a small win , check lot size was 0.5...
Yes i know the lot size, but i was asking for the strategy

Srry mb
  • #12,119
  • Oct 11, 2015 3:21am Oct 11, 2015 3:21am
Dears,
As a new Junior member system does not allow me to post my request in new thread. So I apologize if it is not related to previous discussions!
Here's a very powerful Indicator which I use in several currencies for my live account. I need some expert coder to do the following in it for me and whoever want to use it:

  1. Make an EA exactly based on the Indicator's calculations
  2. Activate Alarm system in the indicator itself

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 36 KB
Attached File(s)
File Type: mq4 butterfly-pattern-indicator.mq4   4 KB | 595 downloads
  • #12,120
  • Oct 11, 2015 9:54am Oct 11, 2015 9:54am
Quoting TraderJoes
{quote} emadmax001, Please test the Cycle Identifier yourself to see how it works - it is definitely a lot better than the Semaphore in terms of spotting trend reversals and works qiuite differently. Load it on Casino Renko charts or any chart and you will see how it works. M1 chart will give you an accelerated view (just never use this indicator on anything less than M30 or even H1).
Hi TraderJoes. I tried the indicator and I monitored closely for a strong sell signal. I got the signal, but it lasted 1-2min then it it repainted to a minor sell signal. (2nd shot on next page)
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