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Basket Trading EA for 3 Pairs

  • #21
  • Mar 22, 2017 4:53pm Mar 22, 2017 4:53pm
Quoting bestdarngood
{quote} 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.
Thanks for the myfxbook link.

By "risk" I assume you're meaning some parameter that relates to the lot size. Have you tried your method with other groups of pairs? If so, which pair combinations have you had success with?
  • #22
  • Mar 22, 2017 8:33pm Mar 22, 2017 8:33pm
Quoting TGS
{quote} Thanks for the myfxbook link. By "risk" I assume you're meaning some parameter that relates to the lot size. Have you tried your method with other groups of pairs? If so, which pair combinations have you had success with?
Yes, by risk, I mean the lots allowed to be traded by the program.
See my Profile Website Link to try out one of my EAs
  • #23
  • Mar 22, 2017 8:51pm Mar 22, 2017 8:51pm
Quoting bestdarngood
{quote} Yes, by risk, I mean the lots allowed to be traded by the program.
Have you tried:

1. GBPUSD
2. EURUSD
3. EURGBP

or,

1. GBPJPY
2. USDJPY
3. GBPUSD?

Is there any significance with using AUDUSD, EURUSD, EURAUD?
  • #24
  • Mar 22, 2017 8:58pm Mar 22, 2017 8:58pm
Quoting TGS
{quote} Have you tried: 1. GBPUSD 2. EURUSD 3. EURGBP or, 1. GBPJPY 2. USDJPY 3. GBPUSD? Is there any significance with using AUDUSD, EURUSD, EURAUD?
I have not tried other pairs because I prefer AUD, EUR, and USD pairs which I find to be quite safe and stable compared to many other currencies/pairs.

Other pairs have seen large movements so I try to avoid them so as to avoid the risk they present.
See my Profile Website Link to try out one of my EAs
  • #25
  • Mar 22, 2017 9:12pm Mar 22, 2017 9:12pm
Quoting bestdarngood
{quote} I have not tried other pairs because I prefer AUD, EUR, and USD pairs which I find to be quite safe and stable compared to many other currencies/pairs. Other pairs have seen large movements so I try to avoid them so as to avoid the risk they present.
I don't know much about fundamentals but I personally avoid CHF pairs, specifically EURCHF.

The reason I asked about whether you've tried other combinations is because I'm trying to determine if a similar pattern exists. For example, for today, I took the following:

#1
1. AUDUSD buy
2. EURUSD buy
3. EURAUD sell

#2
1. AUDUSD sell
2. EURUSD sell
3. EURAUD buy

#3
1. AUDUSD buy
2. EURUSD buy
3. EURAUD buy

#4
1. AUDUSD sell
2. EURUSD sell
3. EURAUD sell

and I've noticed, so far, that taking the opposite side of what my indicator provided is giving highest equity; that is, #2. When I check a similar setup with a different triple pair not involving any of the above symbols, I'm getting the same favorable movement when I also, take the opposite side of what my indicator provided.

I was curious whether this is just a coincidence or have you also noticed similarities of your method between other triples.

In any case, I think trading less pairs (for me anyway) seems more risky and I have to be even more certain about their bias whereas, if I trade all pairs, I get the benefit of safety in numbers. To show this, I temporarily attached a trade explorer to show the safety in numbers results, which always seem to give me more room to be incorrect. Essentially I need to be correct about the bias of about 30% of the pairs in the basket to bring it to profit after trading costs. I'm new to it so I don't know how to force show the trade explorer in my signature but it is viewable from the profile. Anyhow, I do like the idea of trading triples and I'm trying to learn more about it.
  • #26
  • Mar 22, 2017 9:21pm Mar 22, 2017 9:21pm
Quoting TGS
{quote} I don't know much about fundamentals but I personally avoid CHF pairs, specifically EURCHF. The reason I asked about whether you've tried other combinations is because I'm trying to determine if a similar pattern exists. For example, for today, I took the following: #1 1. AUDUSD buy 2. EURUSD buy 3. EURAUD sell #2 1. AUDUSD sell 2. EURUSD sell 3. EURAUD buy #3 1. AUDUSD buy 2. EURUSD buy 3. EURAUD buy #4 1. AUDUSD sell 2. EURUSD sell 3. EURAUD sell and I've noticed, so far, that taking the opposite side of what my indicator provided is giving...
Your Trade Explorer has no closed trades so can't view it, but I generally try to focus only on certain pairs and creating this EA took a lot of time to begin with that I haven't had time to focus on others. Like you, I avoid CHF pairs. And I find AUD one of the more stable currencies so I trade that one the most with of course USD which is my base currency. I also wouldn't try to add too many pairs because then you have to pay more spreads if you were to basket trade with more.

I am interested in anything you find, so feel free to continue sharing and also if you use my EAs, feel free to give feedback
See my Profile Website Link to try out one of my EAs
  • #27
  • Mar 22, 2017 9:26pm Mar 22, 2017 9:26pm
Quoting bestdarngood
{quote} Your Trade Explorer has no closed trades so can't view it, but I generally try to focus only on certain pairs and creating this EA took a lot of time to begin with that I haven't had time to focus on others. Like you, I avoid CHF pairs. And I find AUD one of the more stable currencies so I trade that one the most with of course USD which is my base currency. I also wouldn't try to add too many pairs because then you have to pay more spreads if you were to basket trade with more. I am interested in anything you find, so feel free to continue...
One result that I can continue sharing is how I arrived at:

#1
1. AUDUSD buy
2. EURUSD buy
3. EURAUD sell

and consequently,

#2
1. AUDUSD sell
2. EURUSD sell
3. EURAUD buy

by taking the opposite side.

I'd be curious to see if tomorrow's selection of AUDUSD, EURUSD, and EURAUD matches with your selection method.
  • #28
  • Mar 22, 2017 9:28pm Mar 22, 2017 9:28pm
Quoting bestdarngood
...feel free to continue sharing and also if you use my EAs, feel free to give feedback
About your EA, thanks for providing a free trial but I'm so overwhelmed with other things I'm trying to figure out that I don't have time to test it. It seems good though but I do have some questions:

1. is it counter trend or trend following?
2. is it Martingale or fixed lot?
3. is it one entry or do you scale in or pyramid in?
  • #29
  • Mar 22, 2017 10:48pm Mar 22, 2017 10:48pm
Quoting bestdarngood
...I am interested in anything you find, so feel free to continue sharing...
Have you also tried:

1. AUDUSD buy
2. EURUSD buy
3. EURAUD buy
4. AUDUSD sell
5. EURUSD sell
6. EURAUD sell

I'm testing the above and I don't know how you make your entries but there were several instances of net positive $50 which could be equity closed as a basket.

All buy is $243.25
All sell is -$195.19

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  • #30
  • Mar 23, 2017 7:34am Mar 23, 2017 7:34am
Quoting TGS
{quote} About your EA, thanks for providing a free trial but I'm so overwhelmed with other things I'm trying to figure out that I don't have time to test it. It seems good though but I do have some questions: 1. is it counter trend or trend following? 2. is it Martingale or fixed lot? 3. is it one entry or do you scale in or pyramid in?
1) Trend
2) Either one, but only a partial martingale if you want as well where it only increases by a % that you decide
3) One entry, less risk this way. You can see that no 3 pair trades overlap in my history

And yes, I have tried all 3 in one direction, results are not as good.
See my Profile Website Link to try out one of my EAs
  • #31
  • Last Post: Mar 23, 2017 10:38am Mar 23, 2017 10:38am
Quoting bestdarngood
...And yes, I have tried all 3 in one direction, results are not as good.
I was thinking you had tried but I wanted to suggest it in case.

Below are the results of trading the 3 pairs. I'm going to experiment with other pairs setups while continuing with this test. I'll post followup results and screenshots on my journal so it doesn't go off topic from your commercial thread.

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