Basket Trading EA for 3 Pairs | Forex Factory

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Basket Trading EA for 3 Pairs

  • #1
  • First Post: Mar 12, 2017 8:33pm Mar 12, 2017 8:33pm
This is a 3 Pair Basket Trading Strategy with Live Account showing a 40% monthly return in a high risk setting with low drawdown. It trades 3 pairs in a partially hedged formation to better protect against fluctuations in the market.

https://www.myfxbook.com/members/bes...s-2400/1960967



You can find this EA on the market

https://www.mql5.com/en/market/product/21274
See my Profile Website Link to try out one of my EAs
  • #2
  • Mar 16, 2017 2:41pm Mar 16, 2017 2:41pm
Hi Benjamin!
Thanks for letting me and others test Your new EA. The Account on Your Myfxbook are very impressing. I guess the new free EA will trade with 0,01 lot. Are there other difference between the free and paid EA?
And what about lotsize (risksetting)?
On the Hedge hunter EA, with a $2000 account the lotsize whas 2000/8700*0,60=0,138 lots (margin required $8700, risksetting 60%)
Is it the same? I will compare the free EA 0,01 lots trading with trading with a $2000 account.
Best wishes
  • #3
  • Mar 16, 2017 5:15pm Mar 16, 2017 5:15pm
Quoting Elovv
Hi Benjamin! Thanks for letting me and others test Your new EA. The Account on Your Myfxbook are very impressing. I guess the new free EA will trade with 0,01 lot. Are there other difference between the free and paid EA? And what about lotsize (risksetting)? On the Hedge hunter EA, with a $2000 account the lotsize whas 2000/8700*0,60=0,138 lots (margin required $8700, risksetting 60%) Is it the same? I will compare the free EA 0,01 lots trading with trading with a $2000 account. Best wishes
This new Free EA makes less trades in addition to only trading 0.01 lots.

The new paid version requires the same margin per lot, but the Risk settings of 60 is not equal to the risk settings of 60 for the Hedge Hunter EA. The risk settings are adjusted differently for this EA since the EA is not fully hedged.
See my Profile Website Link to try out one of my EAs
  • #4
  • Mar 21, 2017 11:19am Mar 21, 2017 11:19am
Testing the new EA. So far one trade, win.
Its a pitty that free EA make less trades, difficult to no what happens if we had payd version. Also, what is risksetting with the new EA, how many lots for a $2000 account?
  • #5
  • Mar 21, 2017 12:38pm Mar 21, 2017 12:38pm
Quoting Elovv
Testing the new EA. So far one trade, win. Its a pitty that free EA make less trades, difficult to no what happens if we had payd version. Also, what is risksetting with the new EA, how many lots for a $2000 account?
Highest risk setting with new EA is 25, which is designed for a max DD of 25% and about 10% profit per month.


Lots for a $2000 account at risk 25 should be around 0.06 lots per pair.

Here is a link running at much higher risk that I started at risk 60 and am gradually bringing the risk down.

https://www.myfxbook.com/members/bes...s-2400/1960967
See my Profile Website Link to try out one of my EAs
  • #6
  • Mar 22, 2017 9:01am Mar 22, 2017 9:01am
Quoting bestdarngood
This is a 3 Pair Basket Trading Strategy with Live Account showing a 40% monthly return in a high risk setting with low drawdown. It trades 3 pairs in a partially hedged formation to better protect against fluctuations in the market. https://www.myfxbook.com/members/bes...s-2400/1960967 You can find this EA on the market https://www.mql5.com/en/market/product/21274
Nice looking results on myfxbook. Can you tell more about the strategy or specifically, how do you select whether to go long or short on AUDUSD, EURUSD, EURAUD?

Is it a fixed direction each day or, do you pick a direction for one of the pairs using the strongest signal which consequently picks the direction of the other two pairs due to some relationship you've predetermined?
  • #7
  • Mar 22, 2017 9:27am Mar 22, 2017 9:27am
Quoting TGS
{quote} Nice looking results on myfxbook. Can you tell more about the strategy or specifically, how do you select whether to go long or short on AUDUSD, EURUSD, EURAUD? Is it a fixed direction each day or, do you pick a direction for one of the pairs using the strongest signal which consequently picks the direction of the other two pairs due to some relationship you've predetermined?
Thanks for the compliments.

Trades are opened based on when the pairs are seen out of sync with each other. The direction that the pairs open depends on how out of sync and which direction the pairs should snap back to in order to get back in sync. Tick data for all 3 pairs is constantly analyzed to watch how the relationship between the pairs change and when best to open a trade.
See my Profile Website Link to try out one of my EAs
  • #8
  • Mar 22, 2017 9:38am Mar 22, 2017 9:38am
Quoting bestdarngood
{quote} Thanks for the compliments. Trades are opened based on when the pairs are seen out of sync with each other. The direction that the pairs open depends on how out of sync and which direction the pairs should snap back to in order to get back in sync. Tick data for all 3 pairs is constantly analyzed to watch how the relationship between the pairs change and when best to open a trade.
Okay so it sounds that you're operating under the assumption that AUDUSD, EURUSD, EURAUD should be in sync with each other. By sync I can assume a few things you might mean. Can you give an example of what is considered "to be in sync?"
  • #9
  • Mar 22, 2017 9:46am Mar 22, 2017 9:46am
Quoting TGS
{quote} Okay so it sounds that you're operating under the assumption that AUDUSD, EURUSD, EURAUD should be in sync with each other. By sync I can assume a few things you might mean. Can you give an example of what is considered "to be in sync?"

Here is what I mean by sync. Look at the 3 currencies this way, if you were traveling and traded one currency to another, to the next, and back to the first, disregarding all fees (spreads), you should end up with what you started with if all 3 currencies are in sync.

For Example, start with $100 USD, trade(exchange) that for EUR, then trade those EUR for AUD, then trade the AUD back to USD. If all is in sync, then you should end with $100 USD minus the fees. At certain times during the day, these 3 currencies can get out of this sync and provide a sign of the direction that they are heading which is when the EA then decides to open a trade and opens it based on the direction that the currencies are out of sync. Then over some time (seconds to days), the prices change and provide a profit or loss.

Does that make sense?
See my Profile Website Link to try out one of my EAs
  • #10
  • Mar 22, 2017 9:52am Mar 22, 2017 9:52am
Quoting bestdarngood
{quote} Here is what I mean by sync. Look at the 3 currencies this way, if you were traveling and traded one currency to another, to the next, and back to the first, disregarding all fees (spreads), you should end up with what you started with if all 3 currencies are in sync. For Example, start with $100 USD, trade(exchange) that for EUR, then trade those EUR for AUD, then trade the AUD back to USD. If all is in sync, then you should end with $100 USD minus the fees. At certain times during the day, these 3 currencies can get out of this sync and...
It's starting to make more sense. Can you give an example of which direction your EA would open a trade by providing an out-of-sync example (a more concrete example of buy or sell given a made up out-of-sync scenario).
  • #11
  • Mar 22, 2017 9:57am Mar 22, 2017 9:57am
Quoting TGS
{quote} It's starting to make more sense. Can you give an example of which direction your EA would open a trade by providing an out-of-sync example (a more concrete example of buy or sell given a made up out-of-sync scenario).
I don't want to give away too much of the strategy of the EA.

Take for example if the prices of the 3 pairs were 1: 1.05: 1. In Sync would be 1:1:1.

So if the current prices were 1: 1.05 : 1 (AUDUSD : EURUSD : EURAUD), then you would want to Sell AUDUSD, Sell EURUSD, and Buy EURAUD.

Selling EURUSD here is the obvious choice, and based on extensive research and testing, AUDUSD should match direction of EURUSD and EURAUD should be opposite direction.
See my Profile Website Link to try out one of my EAs
  • #12
  • Mar 22, 2017 10:08am Mar 22, 2017 10:08am
Quoting bestdarngood
{quote} I don't want to give away too much of the strategy of the EA. Take for example if the prices of the 3 pairs were 1: 1.05: 1. In Sync would be 1:1:1. So if the current prices were 1: 1.05 : 1 (AUDUSD : EURUSD : EURAUD), then you would want to Sell AUDUSD, Sell EURUSD, and Buy EURAUD. Selling EURUSD here is the obvious choice, and based on extensive research and testing, AUDUSD should match direction of EURUSD and EURAUD should be opposite direction.
Of course not and your numerical example answers my question.

I was only trying to understand the association of the three pairs and the buy or sell direction the pairs would take. At first I thought maybe the direction wasn't a function of that association and your EA is doing something different.

In any case, I understand now and again, I was just trying to get information that should be considered public for a commercial product. I wasn't trying to shake you down for loose change as some others on the forum seem to do without contributing anything in return if a question were to be directed towards them.
  • #13
  • Mar 22, 2017 11:11am Mar 22, 2017 11:11am
Do you evaluate and select the direction of those three pairs at a specific time of each session? If so, would you post those directions on this thread for evaluation?
  • #14
  • Mar 22, 2017 11:18am Mar 22, 2017 11:18am
The reason I ask is because my intention is to trade those three pairs and post their results. Perhaps with your bias selection method and my trade management, both may be combined for a better overall system.
  • #15
  • Mar 22, 2017 12:25pm Mar 22, 2017 12:25pm
Quoting TGS
Do you evaluate and select the direction of those three pairs at a specific time of each session? If so, would you post those directions on this thread for evaluation?
No specific time, if you look at the time that trades are opened on that account history, you can see that it can be at any hour/minute of the day. You can use the free version or the paid version to see the EA in action with your broker if you want.
See my Profile Website Link to try out one of my EAs
  • #16
  • Mar 22, 2017 12:36pm Mar 22, 2017 12:36pm
Quoting bestdarngood
{quote} No specific time, if you look at the time that trades are opened on that account history, you can see that it can be at any hour/minute of the day. You can use the free version or the paid version to see the EA in action with your broker if you want.
That was going to be the next thing I tried but I wanted to ask first. Do you post your trading history on myfxbook? This way I could backtest the bias from History tab rather than forward testing the free limited version.
  • #17
  • Mar 22, 2017 3:44pm Mar 22, 2017 3:44pm
Quoting TGS
{quote} That was going to be the next thing I tried but I wanted to ask first. Do you post your trading history on myfxbook? This way I could backtest the bias from History tab rather than forward testing the free limited version.
Yes, you should be able to see the history on myfxbook using that same link that shows the account. Let me know if you can't
See my Profile Website Link to try out one of my EAs
  • #18
  • Mar 22, 2017 4:01pm Mar 22, 2017 4:01pm
Quoting bestdarngood
{quote} Yes, you should be able to see the history on myfxbook using that same link that shows the account. Let me know if you can't
The link in your profile only points to the MQL5 site. I don't see a myfxbook link posted on your MQL5 page.
  • #19
  • Mar 22, 2017 4:06pm Mar 22, 2017 4:06pm
In any case, I'm testing:

1. AUDUSD BUY
2. EURUSD BUY
3. EURAUD SELL

for this coming session.

It'll be good to see the myfxbook open orders or open trades pages so that I can trade in the same direction for comparison of the trade direction method.

Question: With your method, are AUDUSD and EURUSD always in the same direction? Also, is EURUSD the main pair that you use to determine direction?
  • #20
  • Mar 22, 2017 4:30pm Mar 22, 2017 4:30pm
Quoting TGS
{quote} The link in your profile only points to the MQL5 site. I don't see a myfxbook link posted on your MQL5 page.
https://www.myfxbook.com/members/bes...s-2400/1960967


This is showing a risk of 50-60, I adjust as I see fit and is very risky (but a smaller account that I can lose on), the Paid version maxes out to Risk 25 to avoid larger drawdowns.

With this EA/method, AUDUSD and EURUSD are always the same direction, all 3 pairs determine direction, in my example earlier, EURUSD was just made to be the one out of sync with my example.
See my Profile Website Link to try out one of my EAs
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