Basket Trading BALUDA'S CSS Crossovers

[TraderJoeForex]

Just a tip - one thing I've learned when it comes to basket trading TMA/CSS strategies is that simply selecting every single pair throws the weight heavily in one direction for two reasons.

1. Correlation - trading long AUDNZD, AUDCHF, AUDCAD and then short EURAUD, GBPAUD is throwing your weight big time behind AUD strength. TMA will almost always report that your AUDxxx pairs are trending one way and the xxxAUD pairs are going the other way. Same applies to GBPxxx and xxxGBP etc.

2. Trading GBP pairs (as an example) or pairs with huge ADRs can also throw things off if you are aiming at total pips / PnL in a basket rather than % win/loss per individual trade. Watch out whenever you add GBPJPY, GBPAUD, GBPNZD etc pairs into the mix.

See if you guys can work out a way to still trade a basket but balance your portfolio of chosen pairs you've added. All you need is one day for the GBP monsters to go in the wrong direction to really throw things off.

Thanks Jem.. always enjoy your input. We do have dynamic lot sizing to help keep the risk more constant and agree about looking at choice of pairs carefully once we are a bit further.

Do stick around here

[cybersmart]

Mathias,

It seems that my demo running with the following Entry -> 15m HGI, 1h diff, 4h diff keeps opening multiple trades on the 15m candle.
ie it was only like 2mins between two trades on a 15m candle.

Is this becuase the HGI signals can disappear/reappear on the same candle?
Is it possible to tell the ea to only open 1 trade pr candle?

Thanks,
Kevin

[patmontes]

Hi Matthias. Good job on the EA. Can I request you to check my set file on how to have the EA stop trading after 1 basket TP is reached?

[Zennor]

Just a tip - one thing I've learned when it comes to basket trading TMA/CSS strategies is that simply selecting every single pair throws the weight heavily in one direction for two reasons.

1. Correlation - trading long AUDNZD, AUDCHF, AUDCAD and then short EURAUD, GBPAUD is throwing your weight big time behind AUD strength. TMA will almost always report that your AUDxxx pairs are trending one way and the xxxAUD pairs are going the other way. Same applies to GBPxxx and xxxGBP etc.

2. Trading GBP pairs (as an example) or pairs with huge ADRs can also throw things off if you are aiming at total pips / PnL in a basket rather than % win/loss per individual trade. Watch out whenever you add GBPJPY, GBPAUD, GBPNZD etc pairs into the mix.

See if you guys can work out a way to still trade a basket but balance your portfolio of chosen pairs you've added. All you need is one day for the GBP monsters to go in the wrong direction to really throw things off.

Jem I could not agree with you more regarding the careful selection of pairs, as Joe has mentioned the volatility is pretty much taken care of.

This is the reason for the first round of testing. Forward testing is a slow and laborious exercise but fortunately we are able to trade 24/5 with the EA from Mathias and after a sufficient amount of data from trades has been gathered we can move onto the second round of testing with the session periods which hopefully at the end should give us a decent number of pairs to trade in particular trading sessions.

Despite the very promising early results no way would I trade this as is on a live account.. This is going to take a bit of time to fine tune but I believe that we have the tools to achieve this.. :hi:

[MathiasJ]

Mathias,

It seems that my demo running with the following Entry -> 15m HGI, 1h diff, 4h diff keeps opening multiple trades on the 15m candle.
ie it was only like 2mins between two trades on a 15m candle.

Is this becuase the HGI signals can disappear/reappear on the same candle?
Is it possible to tell the ea to only open 1 trade pr candle?

Thanks,
Kevin

You do not say if any trades are closed in between.
Assuming that new trades are added, what timframe have you stated in
"Max one open trade per candle in timeframe" ?
If that is M1 then change it to M15 or whatever is more appropriate.

If trades are closed in between then please check "Time in seconds between trades of same symbol",
"Seconds until Exit signal is valid and stable" and
the Exit criteria settings as well.

If this does not help then send the setfile to me so I can see the full picture.
MVH
Mathias

[MathiasJ]

Hi Matthias. Good job on the EA. Can I request you to check my set file on how to have the EA stop trading after 1 basket TP is reached?

I assume you mean stop after 1 basket per day.
You have already set "Max Baskets per day" to 1.
So it seems right.
Please report if it is not working as expected.

[cybersmart]

Mathias,

It seems that my demo running with the following Entry -> 15m HGI, 1h diff, 4h diff keeps opening multiple trades on the 15m candle.
ie it was only like 2mins between two trades on a 15m candle.

Is this becuase the HGI signals can disappear/reappear on the same candle?
Is it possible to tell the ea to only open 1 trade pr candle?

Thanks,
Kevin

You do not say if any trades are closed in between.
Assuming that new trades are added, what timframe have you stated in
"Max one open trade per candle in timeframe" ?
If that is M1 then change it to M15 or whatever is more appropriate.

If trades are closed in between then please check "Time in seconds between trades of same symbol",
"Seconds until Exit signal is valid and stable" and
the Exit criteria settings as well.

If this does not help then send the setfile to me so I can see the full picture.
MVH
Mathias

Thanks Mathias
Corrected it now, so now it will only open one trade pr 15m candle.

Its working nice here, this demo has made over 6% since yesterday (se report, there was alot of loosing trades from the days before since i had some wrong settings. But it has recovered nicely)

I think that its smart to have a filter other than the CSS as well and i really like the HGI, thats why I use it and it seems to filter out alot of the bad trades i get on the other demo where i use 15m diff 1h diff and 4h diff. That one is down 6%

Kevin

Using the attached .set file

[TraderJoeForex]

Thanks Mathias
Corrected it now, so now it will only open one trade pr 15m candle.

Its working nice here, this demo has made over 6% since yesterday (se report, there was alot of loosing trades from the days before since i had some wrong settings. But it has recovered nicely)

I think that its smart to have a filter other than the CSS as well and i really like the HGI, thats why I use it and it seems to filter out alot of the bad trades i get on the other demo where i use 15m diff 1h diff and 4h diff. That one is down 6%

Kevin

Using the attached .set file

very nice results

[KeithM]

Oooops... max trades per pair on the same candle should be 1 not 10 for this. Now corrected above and here:

Hey TJF. Some great potential here. Is your lot size calc correct in this one? I believe it is default. I had this and got a margin call.

Cheers

Keith

[TraderJoeForex]

Hey TJF. Some great potential here. Is your lot size calc correct in this one? I believe it is default. I had this and got a margin call.

Cheers

Keith

Well seems ok for now.. just closed first basket (bit late because i didnt have basket close = true! So need to change that in the set file).

With CSSdelta as a filter as well as Diff I dont expect more than 10trades at any time. Will let it run and see.