The Awesome Basket Forward Test

[c1borg]

Exit is same as Dclayw original version will post when im confident its not giving any horrible DD first live day of trading today.

[arkhonic]

V6 (1.6% drawdown 1.58%/day) Although its only been running a short time I am confident enough from the information ive gleaned to be running V6 as my first live account and will report on progress. Thanks again.

Curious how the two sets are going after the last 2 weeks?

[c1borg]

V6 (1.6% drawdown 1.58%/day) Although its only been running a short time I am confident enough from the information ive gleaned to be running V6 as my first live account and will report on progress. Thanks again.

Curious how the two sets are going after the last 2 weeks?

No problem I have now moved again to V7 Daily 0.97% Drawdown 2.89% and V8 Daily 0.75% Drawdown 1.69% both only running since Feb 8th. I am now trying to come up with a way of minimising drawdown even further as I dont care too much about the profits being huge, just steady and lower risk. Compound interest is very powerful as you know http://compoundaily.com/ so even a consistent 0.5% would make me happy

I am still in test mode so will release my best version when im happy with some explanation of my findings, currently I am looking at bad pairs to remove. Then possibly time of day and no Friday trading? Its a long process :youknow:

[arkhonic]

Thanks for the update, appreciate you taking the time to update.

I agree that even > 1% daily return can give you a major boost over time especially if the drawdown is kept under control. Look forward to further updates!

[billv]

I agree that even > 1% daily return can give you a major boost over time especially if the drawdown is kept under control. Look forward to further updates!

In my opinion, if you can get more than 1% per day then you would be trading too big size
or you would be using too many correlated pairs.
Either way, it will only be a matter of time before the account gets in trouble

[c1borg]

I agree that even > 1% daily return can give you a major boost over time especially if the drawdown is kept under control. Look forward to further updates!

In my opinion, if you can get more than 1% per day then you would be trading too big size
or you would be using too many correlated pairs.
Either way, it will only be a matter of time before the account gets in trouble

Totally agree do you have a good list of uncorrelated pairs I can experiment with for concervative drawdown, V8 is generally about 0.5%/day atm

[billv]

Totally agree do you have a good list of uncorrelated pairs I can experiment with for concervative drawdown, V8 is generally about 0.5%/day atm

Here is my list, I took the standard circulated list and changed a few pairs.
AUDCAD,AUDNZD,AUDJPY,AUDUSD,CADCHF,CADJPY,CHFJPY,EURCAD,EURGBP,EURUSD,GBPUSD,
NZDUSD,NZDCHF,USDCAD,USDJPY
I have it running on its own and it is makes money daily but the DD is also going up and down.
It trades the 5M, 15M,1H,4H
I avoided the 1M because it generates too many trades and makes recovery harder.

So far I don't have any meaningful results to share.
After watching it for a few months, I believe correlation is important but even more important is the lot size.
In order to avoid nasty surprises we have to keep the lot size as small as possible.
I will let it run like this for a few more months.
My plan is to occasionally intervene and recover particular pairs manually.

Here is a website where you can pick 1 currency pair and then see the correlation against many other pairs.
https://au.investing.com/tools/correlation-calculator
If the website redirects you to their local site, the calculator is found under Tools

Have a nice day

[c1borg]

Totally agree do you have a good list of uncorrelated pairs I can experiment with for concervative drawdown, V8 is generally about 0.5%/day atm

Here is my list, I took the standard circulated list and changed a few pairs.
AUDCAD,AUDNZD,AUDJPY,AUDUSD,CADCHF,CADJPY,CHFJPY,EURCAD,EURGBP,EURUSD,GBPUSD,
NZDUSD,NZDCHF,USDCAD,USDJPY
I have it running on its own and it is makes money daily but the DD is also going up and down.
It trades the 5M, 15M,1H,4H
I avoided the 1M because it generates too many trades and makes recovery harder.

So far I don't have any meaningful results to share.
After watching it for a few months, I believe correlation is important but even more important is the lot size.
In order to avoid nasty surprises we have to keep the lot size as small as possible.
I will let it run like this for a few more months.
My plan is to occasionally intervene and recover particular pairs manually.

Here is a website where you can pick 1 currency pair and then see the correlation against many other pairs.
https://au.investing.com/tools/correlation-calculator
If the website redirects you to their local site, the calculator is found under Tools

Have a nice day

Awesome thanks for the help im now thinking if the EA goes above a DD target average/day, which will certainly be under 1% we close trades manually to bring the DD back in line

[billv]

Awesome thanks for the help im now thinking if the EA goes above a DD target average/day, which will certainly be under 1% we close trades manually to bring the DD back in line

I don't know why you would do this because 1% DD is not significant,
I would start to worry after 20%
I think it is important to try and exit the losers early but there is no need to rush too much because often the market swings back.

In my EA I have enabled symbol basket trading and I set a low TP value in there,
So when there are 5 or more losers and the market swings back in our direction, the EA will find it easier to close those particular trades.
I would use perhaps 1/4 ( or even less) of our normal TP and maybe set it to switch in after 5 trades.

I hope this helps
cheers

[c1borg]

Awesome thanks for the help im now thinking if the EA goes above a DD target average/day, which will certainly be under 1% we close trades manually to bring the DD back in line

I don't know why you would do this because 1% DD is not significant,
I would start to worry after 20%
I think it is important to try and exit the losers early but there is no need to rush too much because often the market swings back.

In my EA I have enabled symbol basket trading and I set a low TP value in there,
So when there are 5 or more losers and the market swings back in our direction, the EA will find it easier to close those particular trades.
I would use perhaps 1/4 ( or even less) of our normal TP and maybe set it to switch in after 5 trades.

I hope this helps
cheers

Interesting the 20% seems high to me but will give it some thought, totally agree however on the small TP. Any chance you can give me your set file so I can compare