glabbeek wrote:I've been playing around with the "Take Profit Percentage" feature and I think there is a lot to be gained.

I've tried different percentages and so far a tighter percentage is looking better for the overal performance. Also a lower onset value gives better results. This is over 30 trades or so, so nothing we can build on yet.

Also I monitored the performance of the pairs after they were closed as a basket. My average basket size upon closing is about 6 pairs. In almost every case there is 1 big winner in the basket. The basket closes when this winner is starting to drop. The other 5 pairs in the basket are in between support and resistance levels. If I monitor the pairs after the basket closes, I notice that most of them will prove good investments, as they rise into profits.

I'm more and more assured that we are leaving great profits, by using baskets exits.

glabbeek wrote:
I'm more and more assured that we are leaving great profits, by using baskets exits.

MrLong wrote:

glabbeek wrote:I've been playing around with the "Take Profit Percentage" feature and I think there is a lot to be gained.

I've tried different percentages and so far a tighter percentage is looking better for the overal performance. Also a lower onset value gives better results. This is over 30 trades or so, so nothing we can build on yet.

Also I monitored the performance of the pairs after they were closed as a basket. My average basket size upon closing is about 6 pairs. In almost every case there is 1 big winner in the basket. The basket closes when this winner is starting to drop. The other 5 pairs in the basket are in between support and resistance levels. If I monitor the pairs after the basket closes, I notice that most of them will prove good investments, as they rise into profits.

I'm more and more assured that we are leaving great profits, by using baskets exits.

Hi,

We can add an individual % trailing, that way the winner starts to drop and closes, the other pairs can continue.

I've been closing all my winners manually as the get to support or resistance and my trades are up 4% this week.

Andy

slipshod wrote:I tend to think you're right Willem-Bram - a tighter TP accompanied by individual trailing stops once in profit might result in much less need for basket management. Andy, I've only four trades open so far this week, firstly an AU long and an XAU short and then over the last few hours a EURGBP short and a GBPAUD long. None have yet gone into profit (currently 1% loss overall) so no profit taking has been possible.

You might remember though that I said I'd whack together a trivial M5 scalping system using basket management? Its been running 6 days now, and is up nearly 10% with negligible DD - I keep waiting for it to fall over & bite the dust, sure to happen eventually

cuzgeorge wrote:

glabbeek wrote:
I'm more and more assured that we are leaving great profits, by using baskets exits.

Hi all, Andy,
i second glabbeek on this idea, and appreciate the % trailing stop or JS, BE option on each pair. Theres a reason why 10.4 took those trades in the first place, so looks like with a bit more patience they should all go into profit. If not, then a trend reversal by 10.4 rules should close the position as coded now, but i think its taking out the basket, as opposed to just the pair. I usually hate using SL but i think i'm the minority and an SL might be needed, or wanted by most for many reasons, especially if you plan to trade fully auto and not stare at screens all day.
Great work on this EA Andy and all contributors. Hope you having a good, and well deserved rest,
regards,
cuz

Wkcfx wrote:Andy you are a true star! The quality, complexity and progress you and the other coders are achieving is truly phenomenal. I also appreciate your vigilance to remain true to NB 10.4 system principals.

I ran v1.08a all last week on Alpari demo with reasonably good results considering the news impact. I have 1.09 loaded up for Monday, can’t wait.

Thank you all!
Bill