I go to show a simple system for Basket trading. I am using actually for Basket V.6. It works and could be profitable in short term. If you don’t know how install the indicator you can read the thread created by Kosmolate. I thank his efforts and contribution.
First all we must be determine the trend. We can use whatever you want for it, HA, EMA, Ichimoku, etc. I use 21 EMA and Ichimoku (5,10,20).
When a Bar close above Ichimoku trend is UP and we only put Buy orders.
When a Bar close below Ichimoku trend is DOWN and we only put Sell orders.
Now we go to look to a special 1h bar. I call it Range Bar. Its simple, look at a bar that engulf following bars inside its range.
Draw two lines at low and high of this bar.
In an UP trend: When price touch drawed line of Low Range Bar enter a Buy position.
In a DOWN trend: When price touch drawed line of High Range Bar enter a Sell position.
Close partial position at target 1 (other line of range). Close rest when a bar close below/above Ichimoku with strong or a fixed 1000, 1500…. pips. All depend of your MM.
And thats all. Simple.
See the chart attached please.
Apologize my English please.
All the best. Regards.
First all we must be determine the trend. We can use whatever you want for it, HA, EMA, Ichimoku, etc. I use 21 EMA and Ichimoku (5,10,20).
When a Bar close above Ichimoku trend is UP and we only put Buy orders.
When a Bar close below Ichimoku trend is DOWN and we only put Sell orders.
Now we go to look to a special 1h bar. I call it Range Bar. Its simple, look at a bar that engulf following bars inside its range.
Draw two lines at low and high of this bar.
In an UP trend: When price touch drawed line of Low Range Bar enter a Buy position.
In a DOWN trend: When price touch drawed line of High Range Bar enter a Sell position.
Close partial position at target 1 (other line of range). Close rest when a bar close below/above Ichimoku with strong or a fixed 1000, 1500…. pips. All depend of your MM.
And thats all. Simple.
See the chart attached please.
Apologize my English please.
All the best. Regards.
Attached File(s)
Basketv6.mq4
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Ichimoku.mq4
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DoublecciWoody.mq4
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Jaquebt2.tpl
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READ ME FIRST.txt
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