SWG123 wrote:

MrLong wrote:

SWG123 wrote:

MrLong wrote: You could try GridMethod set to 1.

Andy

Nope, that doesn't work either, still not picking up the second trade.

That's why I entered the magic numbers in the comment, to try debug, can you give me a screen shot of the terminal.

Andy

Aha, now we're getting somewhere - magic number doesn't appear in Terminal comments field, but it does show (albeit very briefly) in the mouse hover. Curious ...

terminal.GIF

slipshod wrote:

glabbeek wrote:Recently you added the trailpercent exit. This method of exit already locked in many profits for us and is a good addition to the strategy.

I'm wondering why you opted for using the basket method. I never understood the use of using baskets and nobody has ever been able to show me the advantage of using baskets.

You only should manage your account, that is your basket!

If I would say to you: "The AUDCAD is up 5%, so buy GBPCHF, NZDUSD and EURJPY", would you think is logical? probably not. So why would you accept this on the exit side?

I hope you don't mind my jumping in - I'm a little confused by what you're asking. You say the trailpercent is a good addition and has locked in profits, but then question why its been added & can't see the advantage? Isn't that a little contradictory? Also the example you provide is relating to entries, but the EA only basket-manages trades that are already running, with entries judged on individual pairs alone.

Let's say you have a basket that is performing good. It has 5 pairs in the basket and 4 are each up 4 percent and rising. (so 16 percent total) One stock is going down 5 percent. What would you like to happen? Close the whole basket, or just the one losing pair?

In a case like you describe here, the falling trade could potentially drop the overall profit and hit the trailing percentage, which would indeed close the whole basket. It would depend on how sharply that one trade's falling compared to the four others are rising, how tight the trailingpercent stop is, and where the individual losing trade's stop-loss is - if it stopped out the problem would be solved.

Truth is no-one knows what the market will do next. That trade could turn around and run into profit while the others stall and reverse. At some point you have to make a decision to take money off the table and await new entries, and the advantage of the trailpercent is that you know for sure that a proportion of profit gained is going to be kept - not lost because the trader lacks judgement & lets winners turn to losers (or is asleep while the market moves overnight).

MrLong wrote:

glabbeek wrote:Hi Andy,

I'm still following your efforts on this complex EA.

Recently you added the trailpercent exit. This method of exit already locked in many profits for us and is a good addition to the strategy.

I'm wondering why you opted for using the basket method. I never understood the use of using baskets and nobody has ever been able to show me the advantage of using baskets.

You only should manage your account, that is your basket!

If I would say to you: "The AUDCAD is up 5%, so buy GBPCHF, NZDUSD and EURJPY", would you think is logical? probably not. So why would you accept this on the exit side?

Let's say you have a basket that is performing good. It has 5 pairs in the basket and 4 are each up 4 percent and rising. (so 16 percent total) One stock is going down 5 percent. What would you like to happen? Close the whole basket, or just the one losing pair?

Just my thought.

Hi,

I see basket trading as giving the trader an edge, where as a bookie more or less always wins, why does he win?

In my opinion, it's because there are, let's say eight horses in a race, the guy goes into the bookies and places a bet, he thinks horse number 2 will win, so he has 1 chance of winning, the bookie has 7 chances of winning. So if we have 8 trades rolling at the same time, I think with the 10.4 strategy we have more chance of winning than losing if we cash the basket in for a profit.

On the other hand, you are right in what you are saying, why cut winning trades?
How long will they be winning trades?

I'm always looking for ideas that can give us an edge, so if you have any that we could implement
I'd be please have a look at the ideas.

You can switch off the basket settings by entering a 0.

Many Thanks
Andy

glabbeek wrote:

slipshod wrote:

glabbeek wrote:Recently you added the trailpercent exit. This method of exit already locked in many profits for us and is a good addition to the strategy.

I'm wondering why you opted for using the basket method. I never understood the use of using baskets and nobody has ever been able to show me the advantage of using baskets.

You only should manage your account, that is your basket!

If I would say to you: "The AUDCAD is up 5%, so buy GBPCHF, NZDUSD and EURJPY", would you think is logical? probably not. So why would you accept this on the exit side?

I hope you don't mind my jumping in - I'm a little confused by what you're asking. You say the trailpercent is a good addition and has locked in profits, but then question why its been added & can't see the advantage? Isn't that a little contradictory? Also the example you provide is relating to entries, but the EA only basket-manages trades that are already running, with entries judged on individual pairs alone.

Let's say you have a basket that is performing good. It has 5 pairs in the basket and 4 are each up 4 percent and rising. (so 16 percent total) One stock is going down 5 percent. What would you like to happen? Close the whole basket, or just the one losing pair?

In a case like you describe here, the falling trade could potentially drop the overall profit and hit the trailing percentage, which would indeed close the whole basket. It would depend on how sharply that one trade's falling compared to the four others are rising, how tight the trailingpercent stop is, and where the individual losing trade's stop-loss is - if it stopped out the problem would be solved.

Truth is no-one knows what the market will do next. That trade could turn around and run into profit while the others stall and reverse. At some point you have to make a decision to take money off the table and await new entries, and the advantage of the trailpercent is that you know for sure that a proportion of profit gained is going to be kept - not lost because the trader lacks judgement & lets winners turn to losers (or is asleep while the market moves overnight).

You are right about the function of the trailing stop. That is why I brought up the idea in the first place. What I want to point out (and I see that I wasn't very clear) is that you should not approach your exit as an basket.

Give me 1 good reason why closing a basket would amount to bigger profits, or smaller losses, than individual exits.

Why, if the USDCHF is dropping, would that mean you also need to exit the GBPCAD? there is no correlation.
Only if the EURUSD and the USDCAD are loosing than you could expect the EURCAD to be rising. In this last case there is a correlation and you could use this in a basket.

I start with saying that the trailpercent has locked in some gains and therefore it is working, but I think it is a blunt object and would be far more effective if it was used per pair in stead of in a basket.

"Cut your losses and let your profits run"

Jonathan2FI wrote:Hi
I think I am going to have to play sherlock.... aplari 3 trades running in drawdown visable in dash and visable in terminal check respective charts don't like the look of them becuase of PA, slope strength and relationship to 240 and so click on close all open - trades disapear from dash. Make cup of tea..return trades still running (but not on dash) in terminal DD double mmm don't panic or swear at the EA ... a small blip. Any ideas before I start my own research?
no restarts no change of magic no.s
Jonathan

MrLong wrote:

rosst wrote:I am getting this message over and over: Order, EURGBP,Short closed by BE function
but no orders have been closed or even look like it applies...
I have closed and restarted but it still goes on....

Hi

I don't know what's happening there, you can turn that function off by changing useAverageBE to false..

Andy