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Still Basketting

  • #9,641
  • Jun 3, 2016 8:28am Jun 3, 2016 8:28am
Happy weekend to you all! :-)
  • #9,642
  • Jun 3, 2016 1:29pm Jun 3, 2016 1:29pm
Guys, been testing this week the v5 and always been in one direction or another, ending up in positive pips. After the jobs report today, the EA opened up and ended up hedging itself. First time I've run into the EA hedging itself. Anyway, what would you do if you were me, if anything? Should I close out with a small loss that it's at right now or let it run its course? Very impressed that it hedged itself disallowing huge DD from taking place. Any suggestions would greatly be appreciated.
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  • #9,643
  • Jun 4, 2016 6:09am Jun 4, 2016 6:09am
Quoting Gvc
{quote} I am basically finished with it......just have to add one function, then make sure they all work correctly...... I have a very demanding Day Job and I am...and have been swamped with work...
hi Gvk, for manage orders opened by Basket trader its a reason to add alarm/popup signal when new basket are opened?
Sorry for my bad english, still learning
  • #9,644
  • Jun 5, 2016 12:40am Jun 5, 2016 12:40am
Quoting Gvc
hmmmm.....Wonder how much lower it will go...... {image}
I am a momentum trader, trade only during Asian hours in one pair GBPJPY, and depend on three factors for my trading with a target of 60 pips a day .

I have to estimate probability of pip movement by using Session Average and previous volatility figures posted on free sites: finviz forex performance.

My trade routine:

(a) Identify momentum drivers : Your EA captures momentum drivers (pair count) in real-time and I rely on it.

(b) Time it will take for the group (GBPJPY co-relation is 90-95% most of the times with the 14 pair basket) to achieve pips movement. Your EA is capturing that by way of weekly, day, 4 hour and one hour. I am looking for one pair which has close relation with 5 pair basket. I am not sure which one has.

(c) I do trading on M30 frames and enter market normally during last 5 minutes of each M30 candle during Asian Hours hoping HTFs will push the momentum during that time so that I can get out with 20 pips on GBPJPY in 10-15 minutes time of trading. These days it is working. Last Thursday I traded for 20 pips but instead got 80 pips in a matter of 7 minutes. Whether it is a regular pattern or not is yet to be determined.

I estimate how long the momentum time (15m or 30m) may take to reach my pip distance and then I jump into the trade in M1 tf and hope to exit whenever my target is met. TP is posted along with the trade itself.

When the market makers/HTFs unleash their volumes is not known to anyone but time marked (seconds/minutes ago) for each pair as well as the direction by way of an arrow the 14 pair will give an idea of whether to jump in the trade or not.

Risk/Money Management

Quick Top down analysis is given by your EA and I develop some bias for short-term trades based on my fundamental views and the economic calendar events.

Since I average positions into 5 equal lots instead of stopping loss to reduce my breakeven point, I apply my bias for preparing stand-by short-term trading in case my momentum trades go in adverse direction. More like a back-up system for me.

I feel the probability of pip making will go up by your addition of minutes ago against each pair.
I am eagerly looking forward for inclusion of these two features in your EA.
Practice makes a person perfect
  • #9,645
  • Jun 5, 2016 2:43pm Jun 5, 2016 2:43pm
Quoting simnz
{quote} I am eagerly looking forward for inclusion of these two features in your EA.
Hi Simnz

I will get to it as soon as i can....
  • #9,646
  • Edited 9:42pm Jun 5, 2016 2:49pm | Edited 9:42pm
Basket TraderV6 now has a couple of options that the users wanted.......Timeout, close on opposite....etc....

I also added CCI arrows > / < 0 line as Kos and others trade......hope you find it useful.......
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File Type: ex4 Basket TraderV6.ex4   141 KB | 1,391 downloads
  • #9,647
  • Jun 5, 2016 3:21pm Jun 5, 2016 3:21pm
Thank you GVC

Sarju Radia
  • #9,648
  • Jun 5, 2016 3:45pm Jun 5, 2016 3:45pm
Quoting Gvc
Basket TraderV6 now has a couple of options that the users wanted.......Timeout, close on opposite....etc.... I also added CCI arrows crossing the 0 line as Kos and others trade......hope you find it useful....... {image} {file}
Thanks GVC for this new tool......
I'll try the next few days ...
It always seems impossible until it's done...!!!
  • #9,649
  • Jun 5, 2016 3:54pm Jun 5, 2016 3:54pm
many thanks Gvc....for the autotrade option would you recommend running 24/5 or certain sessions only?

Quoting Gvc
Basket TraderV6 now has a couple of options that the users wanted.......Timeout, close on opposite....etc.... I also added CCI arrows crossing the 0 line as Kos and others trade......hope you find it useful....... {image} {file}
  • #9,650
  • Jun 5, 2016 4:40pm Jun 5, 2016 4:40pm
Thank You gvc.. Already on my demos... :-)
  • #9,651
  • Jun 5, 2016 9:43pm Jun 5, 2016 9:43pm
Quoting Gvc
Basket TraderV6 now has a couple of options that the users wanted.......Timeout, close on opposite....etc.... I also added CCI arrows crossing the 0 line as Kos and others trade......hope you find it useful....... {image} {file}
Great!! as always.
Thanks much.
  • #9,652
  • Jun 5, 2016 9:43pm Jun 5, 2016 9:43pm
Quoting blamshakk
many thanks Gvc....for the autotrade option would you recommend running 24/5 or certain sessions only? {quote}
Not sure what is the best settings for auto....still testing this......
  • #9,653
  • Jun 5, 2016 10:08pm Jun 5, 2016 10:08pm
Dear Gvc.
Please explain about the settings.
especially block "TRIGGER MANAGEMENT"
Thank you.
ps//And accept my thanks for your work done.
When you do not understand what to do, do not do anything.
  • #9,654
  • Jun 5, 2016 11:29pm Jun 5, 2016 11:29pm
Quoting Gvc
Basket TraderV6 now has a couple of options that the users wanted.......Timeout, close on opposite....etc.... I also added CCI arrows > / < 0 line as Kos and others trade......hope you find it useful....... {image} {file}
Now we can test V6 with different settings on the same account?
Thanks Gvc.
Dont understand Pair count function. Still want an alarm when orders are opened for know when to stay near and manage it, ok will try to find alarm indicator
Sorry for my bad english, still learning
  • #9,655
  • Jun 6, 2016 1:38am Jun 6, 2016 1:38am
Quoting sholdea
{quote} Now we can test V6 with different settings on the same account? Thanks Gvc. Dont understand Pair count function. Still want an alarm when orders are opened for know when to stay near and manage it, ok will try to find alarm indicator
You can put the EA on a different chart.......just change the magic number....

Pair count = how many pairs in positive and how many pairs in negative.......
  • #9,656
  • Jun 6, 2016 2:20am Jun 6, 2016 2:20am
Quoting Gvc
Basket TraderV6 now has a couple of options that the users wanted.......Timeout, close on opposite....etc.... I also added CCI arrows > / < 0 line as Kos and others trade......hope you find it useful....... {image} {file}
Thank you very much for your work!!!
  • #9,657
  • Jun 6, 2016 2:39am Jun 6, 2016 2:39am
Quoting Gvc
{quote} You can put the EA on a different chart.......just change the magic number.... Pair count = how many pairs in positive and how many pairs in negative.......
in one terminal on the 2nd Board not open orders
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  • #9,658
  • Jun 6, 2016 4:11am Jun 6, 2016 4:11am
you have different settings activated on them maybe thats the reason

Quoting rushamg
{quote} in one terminal on the 2nd Board not open orders {image}
  • #9,659
  • Jun 6, 2016 4:56am Jun 6, 2016 4:56am
Quoting blamshakk
you have different settings activated on them maybe thats the reason {quote}
Why do I need 2 identical boards in one terminal? (with the same settings)
  • #9,660
  • Jun 6, 2016 8:21am Jun 6, 2016 8:21am
Quoting Gvc
Basket TraderV6 now has a couple of options that the users wanted.......Timeout, close on opposite....etc.... I also added CCI arrows > / < 0 line as Kos and others trade......hope you find it useful....... {image} {file}
yeeii! thanks GVC for having me and cci in mind to make provision for us in the EA


kos
John 3:16 - From THIS love no power on earth can me sever.
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