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Basket Knights - A Basket Trading Round Table

  • #61
  • Aug 31, 2019 6:07am Aug 31, 2019 6:07am
Okay, I’ll try again.

Many Thanks

Asw
  • #62
  • Aug 31, 2019 6:32am Aug 31, 2019 6:32am
Quoting Asw
Okay, I’ll try again. Many Thanks Asw
You are welcome Asw. You should also compare the size of your download and that of the attached file - MAYBE your download was "incomplete"?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #63
  • Aug 31, 2019 7:48am Aug 31, 2019 7:48am
Still no luck.
Attached Image
  • #64
  • Aug 31, 2019 8:00am Aug 31, 2019 8:00am
Quoting Asw
Still no luck. {image}

What archiving and compressing software do you use? Do you have winrar installed on your system...? Maybe the format (codec) of the archive file is the issue?

I really can't say why you are having this issue. Maybe someone else can help out...(and if you do find the "solution" please let us know).

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #65
  • Aug 31, 2019 9:02am Aug 31, 2019 9:02am
Quoting Asw
Still no luck. {image}
Try using 7-Zip to extract .rar files. Its free.

https://www.7-zip.org/
K.I.S.S.
  • #66
  • Aug 31, 2019 9:26am Aug 31, 2019 9:26am
Quoting TyLamai
{quote} What archiving and compressing software do you use? Do you have winrar installed on your system...? Maybe the format (codec) of the archive file is the issue? I really can't say why you are having this issue. Maybe someone else can help out...(and if you do find the "solution" please let us know). Regards and Stay fluid, Ty
I'm using WinRah, I've downloaded to another PC, but same error.
Could you package the folder into a zip file, please.

Many Thanks

Asw
  • #67
  • Aug 31, 2019 9:38am Aug 31, 2019 9:38am
Quoting fmsfx
{quote} Try using 7-Zip to extract .rar files. Its free. https://www.7-zip.org/

Thankyou, worked perfect.

Asw
  • #68
  • Aug 31, 2019 10:49am Aug 31, 2019 10:49am
Quoting Asw
{quote} Thankyou, worked perfect. Asw
So, we have a solution.

Many thanks to @fmsfx.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #69
  • Aug 31, 2019 11:52am Aug 31, 2019 11:52am
Hi TyLamai,

*Please note that while other offline basket charts can be created using the attached offline basket creating indicator, errors have been reported. I would like to seize this opportunity to APPEAL to any interested coders in the house who'd like to help us out to kindly review and update the code of the Basketv8 new format(C5) indicator so that it works seamlessly. (See the attached source file for the indicator below)

Can you explain ?

Asw
  • #70
  • Aug 31, 2019 12:05pm Aug 31, 2019 12:05pm
I was just checking the relationship and found they're all highly collorated .
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 12 KB
  • #71
  • Aug 31, 2019 12:11pm Aug 31, 2019 12:11pm
Quoting Asw
Hi TyLamai, *Please note that while other offline basket charts can be created using the attached offline basket creating indicator, errors have been reported. I would like to seize this opportunity to APPEAL to any interested coders in the house who'd like to help us out to kindly review and update the code of the Basketv8 new format(C5) indicator so that it works seamlessly. (See the attached source file for the indicator below) Can you explain ? Asw
The offline basket creating indicator IDEALLY also has the potential to create other offline charts (for example, C14, C12, C12-2, C10, EUR baskets, etc) but for some reason it recently generates errors and doesn't update (no ticks) when you try to create any other offline charts besides the C5 offline chart (personally I have only tried creating the C14 besides the C5 I use).

The above notice/warning is so that we are aware and also as an appeal to coders who can help update the code.

I hope this is clear.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #72
  • Aug 31, 2019 12:15pm Aug 31, 2019 12:15pm
You say other offline charts, can you describe another offline example?

What errors do they create?

Thanks
Asw
  • #73
  • Aug 31, 2019 12:19pm Aug 31, 2019 12:19pm
Quoting Asw
I was just checking the relationship and found they're all highly collorated . {image}
Asw, that's just an aspect of it. From the history of basketting, these pairs were identified as the CORE movers of the market (determining market direction).

Notice how they are the major currencies paired AGAINST the USD and the JPY.

Hope that helps.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #74
  • Aug 31, 2019 12:21pm Aug 31, 2019 12:21pm
Quoting Asw
You say other offline charts, can you describe another offline example? What errors do they create? Thanks Asw
I did already (I listed the examples). Read what I wrote.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #75
  • Aug 31, 2019 12:49pm Aug 31, 2019 12:49pm
Quoting TyLamai
{quote} I did already (I listed the examples). Read what I wrote. Regards and Stay fluid, Ty

if you want me to fix the error, I need to know the issue.
  • #76
  • Aug 31, 2019 3:08pm Aug 31, 2019 3:08pm
Quoting Asw
{quote} if you want me to fix the error, I need to know the issue.
Hi Asw,

You never mentioned anything about helping out with the code or that you are a coder. Nevertheless here goes:

When attempting to use the Basketv8 new format(C5) indicator to create the C14 basket, the error in the image below is displayed. Notice the date of the last tick and also the error code encircled in red.

I would suggest we use the PM feature of FF if you really want to do this so as to NOT clutter this thread with "techie-speak" - if you get my drift.

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: 010a. C14 H1 Screenshot.png Size: 30 KB
My job: I speculate and manage risk.
  • #77
  • Sep 1, 2019 4:29am Sep 1, 2019 4:29am
CONCERNING STOP LOSSES

Every basket knight tackles SLs in their own way. Just because we trade baskets shouldn't negate the need to place SLs.

Here's how I apply mine:
*The calculations below assume position sizes of 0.01 across board.

Hard Stops
I have a hard stop of $40 (i.e. roughly about -400 pips) per pair in place. This acts as a "safety net" in the event that I'm away from my trading station and something crazy happens.

What that means is that I'm willing to risk up to $200 maximum for every C5 basket opened.

The SLs differ depending on the pair. My GJ sl is not the same as my NU sl but it all adds up to $200 / C5 basket (*multiple positions included).

As for other basket variations like the C12 etc., the total hard stop goes up to $480 (you will NEED to get creative if your account is little, as we all did when we began).

*Remember that this stop loss is only there for crazy events like unforseen weekend gaps or black swans, etc., it is hardly ever required/reached.

H4 Tidane Trend / HAS change
No matter what I think/wish/pray/believe the market would or should be doing, ONCE my C5 H4 Tidane Trend indicator changes, I'm out and flipped into the new direction. 'Nuff said.

Drawn Visual Lines
Like we do when trading individual pairs, I also visually mark obvious swing zones on my m15/H1/H4 offline charts where I would look to exit trades in losses.

*Some basket knights use expert advisors to handle this part automatically. I don't.

Obvious H1/m15 Tidane Trend Flips Per Individual Pairs
This point entails zooming into each individual pair during the course of trading in a particular basket direction to micromanage my trades.

If C5 is signaling a Sell basket then I want the Tidane Trend indicator on EJ to also be signaling a sell. Anything else and I may just close that trade in particular so that it doesn't eat into the profits of the basket. I will mostly reenter when I see a realignment.

Ok! There'll be no more talk on SLs. (*I have included a link to this post on Post#1).

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #78
  • Sep 1, 2019 10:09am Sep 1, 2019 10:09am
Quoting TyLamai
{quote} Hi Asw, You never mentioned anything about helping out with the code or that you are a coder. Nevertheless here goes: When attempting to use the Basketv8 new format(C5) indicator to create the C14 basket, the error in the image below is displayed. Notice the date of the last tick and also the error code encircled in red. I would suggest we use the PM feature of FF if you really want to do this so as to NOT clutter this thread with "techie-speak" - if you get my drift. Regards and Stay fluid, Ty {image}
Got a "tip" as to what the error might be. Let's hope that helps potential coders who want to help us in the future.

-----
"It appears, the error is caused by, not enough bars being created on the offline chart.
For example error 78, would mean there are 78 bars less than the indicator has tried to created.
It's a case of spending hours, trying to track the bug."
-----
My job: I speculate and manage risk.
  • #79
  • Sep 1, 2019 11:36am Sep 1, 2019 11:36am
The Sell basket was still in place (image attached) as at close of market on Friday, while looking ahead to the new week.

Below's what I want to see before I engage my forces:

- Remember I spoke about discounts last week? Well, we are here again. I would like to get a discount on the basket pairs before opening more sells (as long as my C5 sell signal is still in place when I do).

- A few other systems will have traders taking what I see as counter trades just as some other basket knights will zoom down to the m5/m15 TFs and risk a Buy basket all the way to the H4 Discount Zone (DZ). This is all ok - there is no right and wrong way to do this just varying risk appetites and equity management.

- If you zoom into individual basket pairs, you would find a few of them already close to their individual DZs like: AUDJPY, NZDUSD, etc. I wouldn't be surprised to find these pairs at the forefront of any Sell continuation which may occur.

- I also have my ears to the ground and my eyes peeled for "rumours" and truths where fundies are concerned - who can say when the sentiment will shift from the current Risk Off back to Risk On? (*I hear that tariffs were increased by both the US and China over the weekend - wonder HOW that'll affect the basket?)

All said, it should be another great trading week ahead.

Regards and Stay fluid,

Ty
Attached Image
My job: I speculate and manage risk.
  • #80
  • Sep 1, 2019 5:17pm Sep 1, 2019 5:17pm
Sell basket still in play. Markets opened with a quick Gap-Fade it seems.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
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