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Still Basketting

  • #241
  • Oct 27, 2012 1:32pm Oct 27, 2012 1:32pm
Quoting jasonckb
Hi KOS,

Thank you for for great system. Although I haven't played this system yet,but I can see the beauty of this system ---ride on the main trend of market imbalance and gain much when right and lose less when wrong. To my understanding I can conclude the features/ edges of this system (please correct me if I am wrong)

1) 7 pairs (named 1-7) and another 7 pairs (named A-G) are naturally hedged pair.
2) the offline chart --- the index is an equally weighted average of the 14 pairs
3) when market is in balance, almost equal no. of pairs are...
read more from the other basket thread, it would illuminate your understanding of the system more, yes you have a grasp of how it generally works

welcome

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #242
  • Oct 27, 2012 1:35pm Oct 27, 2012 1:35pm
Quoting effluvium
Hi Kosomo,

I've just read the principle of the initial thread of T101 method you have mentioned.
They were specifying 2 sets of 7 pair currencies each, called
the Universal Pairings. The First one is Sell pairs
(AUDUSD NZDJPY GBPCHF EURUSD EURCHF CHFJPY USDJPY)...
I didn't put the pairs together, julius did and I saw his reasons for picking them. Read the other thread you will see how and why.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #243
  • Oct 27, 2012 1:41pm Oct 27, 2012 1:41pm
Quoting hefhem911
I want to ask if there's a way of using the offline chart to set stop loss (and take profit).
No,

Using any hard SL on the charts can not work, it is more reasonable to use dollar SL, so that the pairs would augment themselves as they move, and this cannot be done on the offline chart.

cant explain more than this. read more

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #244
  • Oct 27, 2012 2:04pm Oct 27, 2012 2:04pm
Quoting Caillou
I love to see the smoothed movement of HAS, for sure due to the basket pairs, rather than a single pair. Hopefully this will continue next weeks, even with small losses.
Thank you Kos.

Good weekend to everyone
Hi Caillou!
this post reminds me of the longest basket I took this year, I sent the chart to a friend in another group back then in May, after I closed the basket.

It was a boring-3-whole-weeks of just going to the office to do nothing than to watch "the smoothed movement of HAS" dropping slowly for 15 good trading days. This kind of trends pays well for the small losses. It was a +4000 pips run.

Trailing would have decimated such trend run.

kos
Attached Image (click to enlarge)
Click to Enlarge Name: 15days.jpg Size: 59 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #245
  • Oct 27, 2012 2:21pm Oct 27, 2012 2:21pm
Quoting Kosomolate
Hi Caillou!
this post reminds me of the longest basket I took this year, I sent the chart to a friend in another group back then in May, after I closed the basket.

It was a boring-3-whole-weeks of just going to the office to do nothing than to watch "the smoothed movement of HAS" dropping slowly for 15 good trading days. This kind of trends pays well for the small losses. It was a +4000 pips run.

Trailing would have decimated such trend run.

kos
Waouuuuu!!!!!! Just a small loss for the Buy trade and 2 Sells for 4000 pips......amazing!!!!
  • #246
  • Oct 27, 2012 6:44pm Oct 27, 2012 6:44pm
Hey Kos,

How many pips would the $560 stop loss be on the offline graph? For 0.1 lots.

Thanks
  • #247
  • Oct 27, 2012 9:42pm Oct 27, 2012 9:42pm
Quoting Kosomolate

How to trade:
when I see Blue I cut my profit or my loss and buy the 14 pairs at once
when I see Red I cut my profit or my loss and sell the 14 pairs at once


kos
So you only use HAS color to pull your trigger? How about VQzz? what do you use VQzz for?
Follow me to the Promised Land
  • #248
  • Oct 28, 2012 12:29am Oct 28, 2012 12:29am
Guys,
Instead of asking more questions here, run to the threads kos posted in his first post.
I am new here, but i feel that this method has incredibly huge potential.
I hope enormous indicators and EAs are already generated. Since it started back on 2008. So i hope everything should be already available.

Kos found his way. If you people need some way to trade in a better way, go and read. I hope its worth reading.

I am running to those threads. I hope i will see some good profit in my 2 years of trading life. I am wondering how i missed trader101's thread.

Thank you very much kos for you to start this thread.
I will remember you forever if i got some edge.
  • #249
  • Oct 28, 2012 5:42am Oct 28, 2012 5:42am
Hi kos,

I have made a small indicator.
It will show an arrow on each entry. This should be attached with the offline chart.
I am planning to add alert in future, which can be either email alert or sound alert.
If you confirm that the arrows are showing up in the correct place, then i will proceed with adding alerts.

Waiting.
Attached File(s)
File Type: mq4 Basketting_alert.mq4   3 KB | 887 downloads
  • #250
  • Oct 28, 2012 6:45am Oct 28, 2012 6:45am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting hinnavaru
I did everything as well but the offline chart is not moving at all.
for those with this issue - i'm still reading an catching up so this may have been resolved.

open your platform, then open your market watch
right click the market watch and select symbols
run through all the pairs and select show or hide until you have only the pairs you trade (the 14 basket pairs plus any others you may trade)

this then ensure that the platform is receiveing the info needed

click ok and then go to the offline expert settings and reduce the number of bars to 100 - none of the indicators use more than about 50 bars to run

on MT4 got to tools, options, charts and reduce the number of bars in history and in charts to 1000.

this achieves a number of things that effect offline charts and should speed up your charts and make sure that all required data is available

regards

MPP


p.s. - good to see some others trading baskets
  • #251
  • Oct 28, 2012 6:50am Oct 28, 2012 6:50am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting dvanderlinde
Hey Kos,

How many pips would the $560 stop loss be on the offline graph? For 0.1 lots.

Thanks

0.1 lots on a usd account is approx $1 per pip average accross the basket, if using a different account, you need to do a pip count on set of closed trades to get the average

the problem with baskets and pip/$ profit/lose - is that each pair has it's own value and depending on which pairs lead to the close of the trade the number of pips can vary if using a $ stop or tp or if using a pip count stop/tp then the $ value will change

but generally the $1/pip has worked fine for me
  • #252
  • Oct 28, 2012 6:56am Oct 28, 2012 6:56am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Kosomolate
can't for now, may be later, its not trading on the offline chart, I want to make it trade directly from the offline chart.

kos
Offline charts can't run EA's, the best option is to recode the indi's to hold all the currency info and then have the EA run on a normal chart but use the correct 14 pair data

so each of the indi's would need to collect and calculate the combined value of all pairs
  • #253
  • Oct 28, 2012 8:28am Oct 28, 2012 8:28am
Quoting MPP
Offline charts can't run EA's, the best option is to recode the indi's to hold all the currency info and then have the EA run on a normal chart but use the correct 14 pair data

so each of the indi's would need to collect and calculate the combined value of all pairs
Nothing is impossible buddy.
EA can run in offline charts too.
  • #254
  • Oct 28, 2012 8:31am Oct 28, 2012 8:31am
Quoting MPP
Offline charts can't run EA's, the best option is to recode the indi's to hold all the currency info and then have the EA run on a normal chart but use the correct 14 pair data

so each of the indi's would need to collect and calculate the combined value of all pairs
EA runs on offline charts....
  • #255
  • Oct 28, 2012 9:32am Oct 28, 2012 9:32am
Quoting hefhem911
I want to ask if there's a way of using the offline chart to set stop loss (and take profit).

Look here it worked I used it but a little complicated to get going

http://www.forexfactory.com/showthread.php?t=313360
  • #256
  • Oct 28, 2012 11:06am Oct 28, 2012 11:06am
Quoting dryclean
Look here it worked I used it but a little complicated to get going

http://www.forexfactory.com/showthread.php?t=313360
Simplicity is the key. I know you should be remembring this quote and whose quote it is.
  • #257
  • Oct 28, 2012 3:21pm Oct 28, 2012 3:21pm
Quoting ananthhh
Hi kos,

I have made a small indicator.
It will show an arrow on each entry. This should be attached with the offline chart.
I am planning to add alert in future, which can be either email alert or sound alert.
If you confirm that the arrows are showing up in the correct place, then i will proceed with adding alerts.

Waiting.
Hi ananthhh,

Will try it out tomorrow. Is it based on the HAS indicator alone? Would be nice if it works with email as an alert to look out for a possible new set-up, when using larger time frames.
  • #258
  • Oct 28, 2012 4:00pm Oct 28, 2012 4:00pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting ananthhh
Nothing is impossible buddy.
EA can run in offline charts too.

to my knowledge, i've never seen one run on an offline chart - their called offline charts for a reason.

There are some great coders in FF and I have asked a few as i too was once trying to get and EA to run from an offline chart to eliminate the need to code all the indi's to read the basket of pairs.

I dare say that there is someone out there that can make it happen though,as like you say nothing is impossible.

I believe MT5 offers better options, but i've not converted to it.
  • #259
  • Oct 28, 2012 4:14pm Oct 28, 2012 4:14pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Has anyone analyse the results of trading the 14 pairs.

just for your info:-

I removed both Uchf and Egbp from my offline charts, the sometimes and sometimes not correlation creates a false feed into the charts, this was confrimed by Julius some years ago.

I also stopped trading both pairs along with Gchf as they failed to generate profit over an 18month period and run it loses.

by removing these pairs i also reduced the cost of spreads when opening a trade and found that the basket hit their targets sooner.

depending on broker the average spread for opening the pairs is for example 48pips for the full basket - but beware, for the first hour of the market each week - this spread jumps to approx 180pips

excel spread read enclosed:-

you need to allow ENABLE DDE server (tools>options>charts)
then open the doc and allow the security options (if they pop up, depends on PC settings), then double click the #N/A and hit enter to activate the tracker
this will then show your current spread and the peak spread during the time that the doc has been running.

if you input your brokers typical spread into the normal spread column the column SPREAD will change colour if you are outside of normal values.


Attached File(s)
File Type: zip Spread info.zip   20 KB | 599 downloads
  • #260
  • Oct 28, 2012 4:20pm Oct 28, 2012 4:20pm
yea...wonder if someone could post the HAS indicator with EMAIL ALERT...it would be very helpful
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