Forex Basket EA

0
(0)
Everything mentioned and used in these EAs are available here in Forex Factory or on the Web, the idea is to stick to the "KIS" idea, and not to clutter the chart with many indicators.
Forex Basket EA 1
There are different EAs mentioned below under developement, so anything mentioned here regarding how the different EAs work or their options are subject to change, so to keep up to date with the latest changes you will need to keep up with the thread.

I will be posting "Help Pages" from time to time and also trade examples to help you get a heads up on just what the EAs are suppose to do and how they are doing. I will not be posting a complete help document for the simple reason I want everyone to read this forum for the answers.

I am always open to new ideas on how to improve the EAs, but before anything is added or changed you must show better results along with actual trade history.

The ideas under investigation are shown below, these can be changed or removed as testing proves or disapproves them, unless that EA is shown as completed.

Basket_H105_v3:(Completed)(Published)
The first Ea is designed to trade a 5 pair basket on a H1 offline chart, it will use an M5 offline chart for the trigger and it will also have the option to use the H4 offline chart for trend confirmation. The pairs the EA will be trading are: GBPUSD, AUDJPY, EURJPY, GBPJPY, NZDUSD, you can not change these, remember, "KIS". This is not a scalping EA, so if thats what you are looking for, look elseware. This EA likes the trend and it will also re-enter a trend if kicked out by a sudden turn and then a continuation in the same direction. The exits are the tricky and subjective part, so once in a trade pay attention as you may see a better exit than the EA, so take it and bank some pips.
The only indicator used for this EA will be the Heiken_Ashi_Smoothed, along with PA, like I said, "KIS".
The Ea will also use "Hot Keys" to make it eaiser to navigate while the EA is running, these will be explained later in the Help Pages to follow.
Basket_H105_v3 which uses a simple TP, SL, and Trailing SL was designed to test out the above idea and is available at Post #162.

Basket_H105_v4: (Completed)(Published)
The only difference in the next version Basket_H105_v4 is that I have added MM similar to MPTM, this version is available at Post #240.

Basket_H105_v5: (Testing)(Test version published)
In this version I have started to test a dynamic pip filter, in the present version you need to select how many pips you want as a buffer before a trade is entered, this number is fixed and does not change. A number like 250 pips works well in keeping you out of a choppy sideways market, but when in a strong trend and you get kicked out by a pull back a smaller number may work better for the re-entry. The dynamic pip filter will adjust the number of filter pips by looking at the slope. So if the slope is steep the number of filter pips will be reduced which will get you back into a possible re-entry sooner. The amount of reduction from the preset starting point is user selectable.
Added in this version:
1) Dynamic Pip Filter.
2) Hot Keys are being replaced with Mouse Clickable Buttons.
3) All 3 HASs will be adjustable by the user, Chart Period, MaMethod, MaPeriod, MaMethod2, and MaPeriod2, you will no longer be tied to 2 15 2 15.
4) 5 different Pairs will now be selectable instead of being locked into the present 5.
5) If using different pairs you will need to use the "Basket_05_indy_R5" indicator to create your offline charts so the pairs that make up the chart are the same ones you have listed in the EA.
See Post #295

See also  Which pairs are you buying and why?

EMA_TMA_v1: (Testing)(Published)
This idea was submitted by Unimak and uses the 5 ema and 21 ema cross with confirmation by the TMA strength for an entry.
See Post #299, Post #307, and Post #314.
EMA_TMA_v2:(Testing)(Published)
See Post #359, #366, #367, #368
MP_HTMA_v1:(Testing)(Test version published)
Well here is another idea for everyone to try and lose some money with, it is a multi-pair basket trader using the TMA Slope to enter a trade along with the H1 HAS and the H4 HAS.
1) This one only has 2 HAS indicators and you can adjust the settings and time frames to use of both of them. It looks for a trade on the color change of the HAS1 signal and the trigger level of the TMA Slope to be met. You can also use the HAS2 as confirmation if you like, this is user selectable.
2) You can also use from 1 to 14 different pairs to make up your basket and the first 2 can be set to take the reverse trade of the others in the basket if you like.
3) Use the "Basket_Multi_indy_R14" to set up your off-line charts with the same pairs you will be trading in the EA setup.
Be sure to have the needed off-line charts created for the time frames you are going to use.
Also be sure to check the pip calibration multi with the "Cal Button", for a single Pair on a standard chart this is not needed and the Button will not be available.
See Post #360, #385

See also  Happs Trading System

Basket_H105:
Post #72 Basics
Post #73 Entry
Post #74 Exit
Post #76 Hot Keys
Post #77 EA Information Window
Post #78 EA Properties
Post #101 EA Properties
Post #88 Chart Setup
Post #106 Entry Example
Post #143 Updates
Post #144 EA startup
Post #213 Updates in version 4
Post #295 Updates in version 5
EA = Basket_H105_v3 Post # 255 (2/15/2013)
EA = Basket_H105_v4 Post # 255 (2/15/2013)
EA = Basket_H105_v5 Post # 341 (3/14/2013)

EMA_TMA:
Post #299, #307, #309, #311, #312, #366, #367, #368
EA = EMA_TMA_v1 Post # 314 (3/9/2013)
EA = EMA_TMA_v2 Post # 359 (3/19/2013)
EA = EMA_TMA_v2 Post #366, #367, #368 (3/22/2013)

MP_HTMA_Test_v1:
Post #385

Good Luck and Happy Piping

Remember, you can lose all your money trading Forex:

Remember: EAs will only get you to maybe 90 to 95 percent of your goal, they do not have a crystal ball and they are not the Holy Grail, so use some gray matter to make it the rest of the way.

 

Here are 2 examples of trades made using reverse logic.
The first 2 screen shots are what the EA was seeing at the time of the trade.
The third screen shot is what the chart looks like now.
You will also notice the TP and SL on the third screen shot are at 20 pips now, just trying to grab a few more pips.
You will also notice in the display "MG", this is a Martingale setting I am testing tonight to see what happens. You can select from 1 to 4 levels deep. I have it set at 4 with settings of 2, 4, 8, and 16. The reason for giving this a try was to get back the SL hit when a big move happens and I am going the wrong way. Some traders swear by Martingale and others swear at it, so will see what it does in this case.

Attached Image (click to enlarge)
Forex Basket EA 2
Attached Image (click to enlarge)
Forex Basket EA 3
Attached Image (click to enlarge)
Forex Basket EA 4
File Type: ex4 RenkoLiveChart_v3.4.ex4   12 KB | 72 downloads
File Type: zip MP_HTMA_Test_v1.zip   102 KB | 107 downloads
File Type: zip EMA_TMA_v2.zip   41 KB | 123 downloads

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?



Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.