DislikedIf you are considering spread cost, then, its better you just trade the basket and pay 40pips in spread than pay 7pips * 14 (98pips) on GBPJPY aloneIgnored
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DislikedIf you are considering spread cost, then, its better you just trade the basket and pay 40pips in spread than pay 7pips * 14 (98pips) on GBPJPY aloneIgnored
Dislikedomadivi!!
it actually reversed back. is that the way of that BOJ news?
kosIgnored
DislikedDont forget that your GBPJPY position will be 14 x 4.6 pips = 64.4 !!
If you trade the same size as the 14 pairs combined..Ignored
Dislikedgood luck - trading Gj is extreme as it's the fastest moving pair in forex
the basket allows us to smooth out the volitility, Gj takes off and leads the way then the other pairs follow. so in essence we would normally get in late on a GJ trade and miss many pips, but the basket allows us to use the advance notice of GJ or which ever pair is leading at the time and then follow the market down the same road, GJ makes sharp turn and warns us of change - we exit before the others follow it.
and so on....Ignored
DislikedDont forget that your GBPJPY position will be 14 x 4.6 pips = 64.4 !!
If you trade the same size as the 14 pairs combined..Ignored
DislikedNo...This is wrong opinion. I personaly tried to trade basket using GJ as a leading pair... failed. The same with EU, EJ, GU and others. There is no leading pair in basket. "Big money" move from pair to pair all the time. You can see that GJ leads basket now, but in one hour (even miniute) situation changes and, for example, GU takes the lead. Then EU, then EJ...Ignored
Dislikedtransaction costs depend on your pos size. In the basket you trade 14 pairs with a smaller size then when trading only one pair. Gbpjpy might be leading, but the smoothing by using more pairs makes it less volatile, which makes sense (to me anyway).Ignored
DislikedNo...This is wrong opinion. I personaly tried to trade basket using GJ as a leading pair... failed. The same with EU, EJ, GU and others. There is no leading pair in basket. "Big money" move from pair to pair all the time. You can see that GJ leads basket now, but in one hour (even miniute) situation changes and, for example, GU takes the lead. Then EU, then EJ...Ignored
DislikedWhat surprises me is that the GBP/JPY HAS is as smooth as the BASKET HAS.......and yes, transaction cost depends on pos size, that's why it's much more expensive the basket.
Just an example: the last big Buy move gave 700 pips for the basket, the same move gave 167 pips for GBP/JPY, so you only need 4.2 more position in GBP/JPY (and not 14) for having the same pips.........Ignored
Dislikedyes ,thats why originally we watched the ia or better still the excell spread sheet,which showed which pair had took the lead role and anchored,
the Has and offline charts are doing a great job for entries,but personally i feel theres 1 piece missing,which is the basket going into a harmonic state,this reduces lots of loosing entries when theres no synce,ie range conditions and conflicting pairs due to fundies,ect,ect
after all the moves were trying to capture are a result of total agreement ,risk on or off.
today is a good example of this...Ignored
DislikedNo sorry, it woud be verre helpful, it's hard to check for setups om à 15m timeframe with maybe 1 trade à day. Can't sit behind a desk forever, but still i don't want a ea/robot. I want to see if a setup fits for me and on the other hand, I prefer to trade with IB. Anyway I am doing some research on the basket/pairs over the last months and I think an emailalert is most certainly worth it, many pips to be made (relativ minor drawdowns).
Give me some time to finish it up and I will share my analysis.Ignored
DislikedNo...This is wrong opinion. I personaly tried to trade basket using GJ as a leading pair... failed. The same with EU, EJ, GU and others. There is no leading pair in basket. "Big money" move from pair to pair all the time. You can see that GJ leads basket now, but in one hour (even miniute) situation changes and, for example, GU takes the lead. Then EU, then EJ...Ignored
Disliked@xlitang
I left the platform for the EA believing it will execute the basket, but it never did and I didn't get any error.
I think you need far more than what you have in the code to carry out this task.
when you fix it, make a 1min chart and put it to test make sure it executes before sending it out otherwise we would have many version of it uncontrollably flying on every post of this thread.
kosIgnored