Basket Trading BALUDA'S CSS Crossovers

[TraderJoeForex]

I decided to run a sanity check for November based on what I have done so far before making any more changes to entry conditions.

I have put my original M5H1D1 set along with the more recent H1D1 andH4D1 sets on one account so I can compare over the whole month and with the expected USA volatility it will be interesting to see how they cope and which comes out on top. MyFxbook link in my signature for this account.

Magic 1: M5H1D1
Magic 2: H1D1
Magic 3: H4D1

[Raj4x]

You'd have to ask Baluda this one.. worth a pm to him I'd say. I'm sure he'll be pleased to see his work of art being appreciated here again and may well have deeper insights with this that we are yet to discover.

OK, for those interested: The principle is quite simple (and therefore quite brilliant). The Global Market Trend is the sum of all Currency Slope Strengths squared. In short: the higher the value, the more the market is trending. All CSS values are 'wide'...when they come together and are 'tight', the market is ranging...there are no notable strong or weak currencies.

[TraderJoeForex]

OK, for those interested: The principle is quite simple (and therefore quite brilliant). The Global Market Trend is the sum of all Currency Slope Strengths squared. In short: the higher the value, the more the market is trending. All CSS values are 'wide'...when they come together and are 'tight', the market is ranging...there are no notable strong or weak currencies.

Well done researching this with Baluda

[syberiapoya]

Trading the H1D1 set on a 1000 USD account, last week I was up by 2 percent on Friday. With the drawdown being 10 percent on market close (the highest drawdown too).
Right now My account is up 6% with a drawdown of 0.3%.

[patmontes]

... all good at this end too. I restarted a test mid-week after cutting the M5H1 set as I mentioned previously.

I put a H4D1 set on Live and a H1D1 set on Demo both with GTF and interestingly both delivered fairly similar results over the past few days although for H4D1 it was nothing then everything today whereas H1 delivered at least one basket each day.

This was trying just CSS cross on the lower timeframe rather than Diff and Delta but still keeping Diff and Delta on D1 which seems to have worked well. I only did this to prevent getting 3 trades on one pair from 3 subsequent candles on H1.. the last of which seemed invariably to always end up in drawdown from a few tests I had running on H1 and made the multiple trades per pair slightly counterproductive. Using the cross instead (and level check as > 0.2) but without waiting for a candle close takes longer to build the same size position but with better-averaged entries and has also meant I ended up with a few hedged trades where price changed direction during the day which makes the negative impact of those pairs less within the basket.

I feel I have reached a fairly decent basic safe setup with these sets for smaller account sizes excluding the CHF pairs and filtering by session times and Global Trend Filter. Next I want to look at the range allowed for trade setup on the higher timeframe.

I am wondering whether restricting the D1 diff to a maximum of +4 to prevent entering once a trend is already extended will perhaps protect from getting caught when price turns. Then also maybe allowing a negative value upto -4 to catch reversals in the right direction instead.

Have a great weekend everyone

Hi TJF,
Just for clarification the H1D1 set basket stop loss is really set at -100.0 % ?

[Gertje]

The strategy is very solid in my opinion.

Due to maintenance on tuesday from 9h00-13h00 I closed my VPS last weekend, forgetting that there were still some trades open and running.....

Yesterday I restarted the VPS and noticed the open basket in huge DD. The EA picked up where it was left behind, and started adding trades again.

This morning it recovered from a 9K+ DD and closed the 1% TP-trigger with a 8% profit due to the amount of orders.

I use Zennor's set with the H4/H1 trigger and a 1% basket TP. The EA is running 24/5.

CSS H1H4.png

This is a live cent-account, just to see how it works in realtime.
If it succeeds here, it will succeed with GP for sure.

[TraderJoeForex]

Hi TJF,
Just for clarification the H1D1 set basket stop loss is really set at -100.0 % ?

Yes with my demo testing I want to see what the max drawdown will be for each set file over the next few weeks without limiting this with a SL placed on guesswork. When trading live I prefer adding hedging/recovery trades to using a SL although I trade with a small account which makes a big difference.

Obviously feel free to adjust this to your own preference for your own testing

On a separate note I have just closed up shop on my live trading for the next week. Chance to take a breather now and watch from the comfort of my demo account any craziness that unfolds with the run up to the USA election next week. Suggest anyone else trading live considers the same.

[TraderJoeForex]

Interestingly so far this week with this latest group test the M5H1D1 set with Diff and Delta trigger is ahead of both the latest H1D1 and H4D1 sets based using CSS cross as trigger. I have just added a 4th set for comparison which is the same settings as M5H1D1 but H1H4D1 instead.

[celte83]

Hi TJF,
First closed basket with your H4D1 set
Begin yesterday, closed this morning (France)
91.18 Nett P/L
59.60 Nett pips
3 currencies (NZDJPY; NZDCAD; GBPAUD)

thanks :hi:
jf

[milanese]

Hi TJF,
First closed basket with your H4D1 set
Begin yesterday, closed this morning (France)
91.18 Nett P/L
59.60 Nett pips
3 currencies (NZDJPY; NZDCAD; GBPAUD)

thanks :hi:
jf

PS I can't post screenshot (banned)

you can now again I have removed you from the under moderation group..

Cheers

Tommaso