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Still Basketting

  • #10,361
  • Feb 15, 2019 11:46am Feb 15, 2019 11:46am
Quoting renkotop
{quote} Does anybody still trade this Basket?
Yes, still trading it. using this indi attached. But it has a bug. Does anyone know how to fix it?

https://www.mql5.com/en/forum/303765
Attached File(s)
File Type: mq4 A-Samir-UNIVERSAL.mq4   20 KB | 525 downloads
Follow me to the Promised Land
  • #10,362
  • Feb 22, 2019 9:52pm Feb 22, 2019 9:52pm
Is this EA still profitable ? thanks for sharing
  • #10,363
  • Mar 6, 2019 6:01am Mar 6, 2019 6:01am
Hi traders,

What is the settings of the Heiken_Ashi_Smoothed indicator, can someone help?
  • #10,364
  • May 26, 2019 7:46pm May 26, 2019 7:46pm
Quoting xlitang
{quote} Yes, still trading it. using this indi attached. But it has a bug. Does anyone know how to fix it? https://www.mql5.com/en/forum/303765 {file}
Give this one a try: https://www.mql5.com/en/code/25649; "Basket Viewer" I'll be interested in any defects you detect, as the Strategy Tester just won't run with it
  • #10,365
  • Jun 14, 2019 4:34am Jun 14, 2019 4:34am
Quoting Kosomolate
this is my EA to trade it. Its nothing special, not even perfect like the once you have, but I just manage it along cos its doing what I want.
Yeah, nothing special. It just took me my time and effort to make the EA in 2011, I gave it for free, and you modified it by changing indicators, it made you money, but you never notified me of it. Way to show appreciation! BTW, it would have been appreciated if anyone ever helped me out like I tried to help others out. But hey, just like you say, "it's nothing special". No wonder I gave up coding for free for people who showed no appreciation. What a waste of time.

TO everyone else, Forex ruined my life and I would recommend not getting sucked into it. IF you trade, you'll take advantage of coders of good will and leave them broke while you make money off their work. If you code, you'll never really be appreciated. For some reason, you do hard work in other areas of life and it's appreciated. But in Forex, THE industry that you could make more money than any other, people want everything free, yet how often does anyone share once they become wealthy? Rarely. I shared when I had nothing but code to share, and who I shared with didn't share with me when he found something that worked. Priceless.

Don
  • #10,366
  • Jun 15, 2019 9:27am Jun 15, 2019 9:27am
Hello everyone,

Years already and you people are still here. Wow, Im impressed how this system survive all these years. Ive been so retired now. Though I still maintained a small account with Forex.com that i trade once in while and make small amount just for groceries to not spend my retirement money. This system has sustain me all these years. My needs is not much anyways. Retire my self in one of the nicest place in the Philippines, Baguio City. A very pleasant place to live high up in the mountain where the weather is always cooler. Google it. Its a nice retirement place. And Philippines is a cheaper place you can live with just $100 a week. Its just 100 pips folks to live comfortably.

Ok signing out now if you have any Q just leave it here ill come and check once in a while.

Peace out...

Julius
  • #10,367
  • Edited 9:53am Jun 15, 2019 9:36am | Edited 9:53am
Glad all is well with you J. Nice to see you drop back by a basket thread. Maybe at some point, you could step out of retirement and refresh the thread with some more powerful insight. It’s been a long time and I for one would love to see a few basket updates from the master himself.

Edit: link for the past 2 weeks trading the Basket11...basket trading is still very much alive. I still keep coming back to it.

https://gyazo.com/847750fc3bc229f26bd15a9d8baadfff

Dave-Florida
K.I.S.S.
  • #10,368
  • Jun 15, 2019 3:53pm Jun 15, 2019 3:53pm
One insight i learned over the years is that DJIA and your Core 5 chart are almost the same. Meaning that by monitoring the DJIA is like monitoring the Core 5 movements. That good news is that every business outlet in the country like CNN Money, CNBC and NBC are making a good prediction every morning at around 5:00 am EST where the Dow Jones is going for the rest of the day. Meaning if you can start trading on that time it will be a good confirmation trade if your plan to trade the same as the Economic news outlet prediction. I have been watching the CNN MOney they can even predict how much points the Down Jones is going to make or loss for the day. Cool huh. However caution is still needed because Forex Market is a stubborn market once it like to move up no one can stop it.

So this is how i do it. at 5:00 am i subscribe to CNN Money and the Opening Bell Reports is in my in-box every morning before i wake up. I just check it against the action in my Core 5 if they both agree each other thats my trade for the day. I limit my TP to just 2 percent per trade about 100 pips easy to manage less stress. At the minimum i could make 3-4 trades a week at 100 pips each that is like 300-400 pips a week. its more than enough for my needs. its like $300-$400 a week .Maybe to little to some. Well just giving some insight for the guys. Greed sometimes is the one that kills us.

Peace out

Julius
  • #10,369
  • Jun 15, 2019 5:09pm Jun 15, 2019 5:09pm
Quoting trader101
One insight i learned over the years is that DJIA and your Core 5 chart are almost the same. Meaning that by monitoring the DJIA is like monitoring the Core 5 movements. That good news is that every business outlet in the country like CNN Money, CNBC and NBC are making a good prediction every morning at around 5:00 am EST where the Dow Jones is going for the rest of the day. Meaning if you can start trading on that time it will be a good confirmation trade if your plan to trade the same as the Economic news outlet prediction. I have been watching...
Ahh, I remember that bit of insight now from the group. I do need a refresher course and perhaps one day you will come out of retirement for a select few traders interested. I will get that on my check list straight away.

Thanks again J

Dave-Florida
K.I.S.S.
  • #10,370
  • Jun 15, 2019 7:42pm Jun 15, 2019 7:42pm
Quoting trader101
Hello everyone, Years already and you people are still here. Wow, Im impressed how this system survive all these years. Ive been so retired now. Though I still maintained a small account with Forex.com that i trade once in while and make small amount just for groceries to not spend my retirement money. This system has sustain me all these years. My needs is not much anyways. Retire my self in one of the nicest place in the Philippines, Baguio City. A very pleasant place to live high up in the mountain where the weather is always cooler. Google it....
Awesome to read a new post from you Julious!! May the force be with you - and I second the motion that it would be great to see more of you here!
  • #10,371
  • Jun 19, 2019 6:26am Jun 19, 2019 6:26am
What a wonderful thread still alive, are you guys still basketting..?
started after a long gap, catched a running train, shorted a basket with 400+ pips profit.

& I am long now.


Regards
SMD
Attached Image(s) (click to enlarge)
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Every Good Things Starts With "Bismillah"
  • #10,372
  • Jun 19, 2019 8:30am Jun 19, 2019 8:30am
Quoting disbellj
{quote} Yeah, nothing special. It just took me my time and effort to make the EA in 2011, I gave it for free, and you modified it by changing indicators, it made you money, but you never notified me of it. Way to show appreciation! BTW, it would have been appreciated if anyone ever helped me out like I tried to help others out. But hey, just like you say, "it's nothing special". No wonder I gave up coding for free for people who showed no appreciation. What a waste of time. TO everyone else, Forex ruined my life and I would recommend not getting...
If your a good coder join crypto thTs what I did and I’m happy I switched
  • #10,373
  • Jun 19, 2019 10:29am Jun 19, 2019 10:29am
Quoting trader101
Hello everyone, Years already and you people are still here. Wow, Im impressed how this system survive all these years. Ive been so retired now. Though I still maintained a small account with Forex.com that i trade once in while and make small amount just for groceries to not spend my retirement money. This system has sustain me all these years. My needs is not much anyways. Retire my self in one of the nicest place in the Philippines, Baguio City. A very pleasant place to live high up in the mountain where the weather is always cooler. Google it....
Hi Mr.Julius

Glad to see your post here after a very long gap. The idea of trading a bunch of pairs is path breaking. BT is very difficult for an average trader to understand. I made an attempt to read through your thread, but had to give up. Instead I simply follow kos to trade the basket. I can understand how hard it was for you and your team in developing the basket trading. Hats of to you.

I request you to, if you can spare some time, guide us with your valuable inputs. You deserve this retired life in Philippines. Wish you good health and happiness all through.

Fx-optimus
  • #10,374
  • Jun 20, 2019 9:33am Jun 20, 2019 9:33am
Hiya All,

(Though impossible), it was always my desire to reached perfection in our trading business. We have come up with the Core 5 as the minimum number of pairs that represent the entire major currencies in the world. We had harnessed this idea and utilize it to our advantage. It has been bothering me for the past several years now after a careful review of all my past trading reports. I notice some unusual activity in our trading. I can notice that although we win almost all the time, but there is always this one or two pairs in the five that is lagging. They are negatives. So I take some statistics and notice that 40 to 45 % of our core5 trading are like this. And this negative on those 40% are about 28 to 33% of our supposed total take.

This is a lot of money that goes down the drain from us, so I’m proposing to all basket traders to help me in this endeavor to:

a)Identify this lagging pairs in our trades.
b)Possibly take them out of our trades.
c)Or maybe trade them reversely.

I will ask for volunteers with a good skills in excel and a bit of mt4 programming.
I have a good data of basket trades for the past 10 years that I could send to those helping me and together we start this endeavor for a better output in our Basket Trading particularly on Core 5. The rest can just cheer us up while we are doing this. Fair enough. Don’t worry I think I have a good idea how to find these bad boys.

Peace out.. 

Julius T-101
  • #10,375
  • Jun 20, 2019 1:18pm Jun 20, 2019 1:18pm
Quoting trader101
Hiya All, (Though impossible), it was always my desire to reached perfection in our trading business. We have come up with the Core 5 as the minimum number of pairs that represent the entire major currencies in the world. We had harnessed............. ..  Julius T-101
We are thankful to you for coming forward to rework on the core5. I have been observing the movement of the basket, since 2013. With my little knowledge of technical and fundamental analysis I observed the following;

Basket is primarily driven by the strength/weakness of JPY on Daily/H4 basket. This aspect I have mentioned in the past in my posts.

The basket can be sub-grouped as below
GBPUSD & GBPJPY - Basket is driven by the strength/weakness of GBP
AUDJPY & NZDUSD – Basket is driven by commodity currency either AUD or NZD
AUDJPY, GBPJPY & EURJPY – Basket is driven by strength/weakness of JPY
GBPUSD & NZDUSD – Basket is driven by strength/weakness of USD
Some times both USD & JPY become weak/strong and push the basket down or up.

All the above situations make the basket move in a direction. Since I have no idea on the basis for selecting the 5 pairs in core 5, also I have no trading data to scientifically suggest which are the two pairs that you mentioned as bad boys.

In my opinion EURJPY is the odd man out in the group, because it has a role only in the JPY sub group. Strength/weakness of EUR will not drive the basket in its direction. Instead it will play the spoil sport in the core 5 group.

I have just given the above details based on my personal observation. I don’t want to suggest replacement to EURJPY without any scientific data.

Please correct me if I am wrong in my analysis.

fxoptimus
  • #10,376
  • Jun 20, 2019 2:19pm Jun 20, 2019 2:19pm
Wow that's awesome Master Yoda, and I'm ready for cheer.
Every Good Things Starts With "Bismillah"
  • #10,377
  • Jun 20, 2019 4:25pm Jun 20, 2019 4:25pm
Quoting trader101
Hiya All, (Though impossible), it was always my desire to reached perfection in our trading business. We have come up with the Core 5 as the minimum number of pairs that represent the entire major currencies in the world. We had harnessed this idea and utilize it to our advantage. It has been bothering me for the past several years now after a careful review of all my past trading reports. I notice some unusual activity in our trading. I can notice that although we win almost all the time, but there is always this one or two pairs in the five that...
Absolutely 100% behind giving the Basket Trading System a tune-up. I never really traded the C5 much because I preferred spreading the risk over 14 or 11 pairs instead of 5. Especially once the B14 started to flutter a bit in the pip count over time a few years back. Hence I moved to the B11 with much better results overall. Over my observation with the original basket I always notice the GbpChf, EurChf are always joined at the hips either in slots 1 and 2 or 13 and 14 never giving the full basket 14 a chance to make the runs it use too(1000 pips weekly min).

Also pushing the UsdChf at the opposite end of the slot from GbpChf and EurChf in almost every instance. Is this anomaly something I have missed to be tradable for a basket of 3 pairs...don't know. You do need those pairs(3) to occupy the center of the slots to lock in the pip run along with EurGbp. Once that happened I coined the term "Deadend" formation and that was a perfect signal that the basket was on its last run for the pips and you could cash out by the middle of the week and job done till next week...classic rinse and repeat. To be clear J showed the formation I just had the privilege to name it. I think most of the original basket traders are now gone and the threads now are just spin-offs which is fine but never looked to improve a system that clearly worked in the past and still does today just not at its old peak levels.

In the Gyazo screenshot, you can clearly see what I always see with the above mentioned 4 pairs. Perhaps a whole new selection of pairs needs to be looked at today 10 years later or just a tweak or 2. It also makes a nice visual of the C5 that is highlighted with the yellow background.

https://gyazo.com/03ca0d6af5c069e5fddc799664aa840d

The only other thing that has changed from the past was the suggested entry thresholds of the B14 and C5 and I'm pretty sure this is probably due to less volatility then years back in 2009-10 when I started with the BTS.


PS Bottom line it would be very nice to have an overhaul of the BTS from the master himself indeed even if just a tiny bit. I have seen the 1000 pip weeks trading the B14 so although one might think it's impossible to reach perfection but if those results returned today than 98.9% is fine with me.
K.I.S.S.
  • #10,378
  • Jun 20, 2019 7:53pm Jun 20, 2019 7:53pm
Thanks guys, however we might open another thread if we decide to proceed this endeavor. It would be very rude to Kos to do it in his thread because this might involve a lot of discussions which might be boring to others. also a lot perhaps of indicators and the like which would clutter Kos thread which he maintained nicely over the years.

First i would like to feel the enthusiasm of the group willingness to undertake this task. The rest i will form the task force to undertake certain subtask which we are going to correlate in the later part to form the whole workable program and then we might need a lot of beta testers.

thats all for now folks.

Peace out

J
  • #10,379
  • Jun 20, 2019 9:55pm Jun 20, 2019 9:55pm
Thanks certainly goes out to Kos for starting/keeping a basket trading thread open. I visited often to still follow along with a different type of entry system using the same core pairs. Always liked basket trading and can’t give it up as I just felt comfortable trading it over time.

K.I.S.S.
  • #10,380
  • Jun 21, 2019 1:35am Jun 21, 2019 1:35am
Quoting trader101
Thanks guys, however we might open another thread if we decide to proceed this endeavor. It would be very rude to Kos to do it in his thread because this might involve a lot of discussions which might be boring to others. also a lot perhaps of indicators and the like which would clutter Kos thread which he maintained nicely over the years. First i would like to feel the enthusiasm of the group willingness to undertake this task. The rest i will form the task force to undertake certain subtask which we are going to correlate in the later part to...
Hey Julius, as from the early days of "Simple Trading with Trader101" I'm still with you
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