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Basket Knights - A Basket Trading Round Table

  • #81
  • Sep 2, 2019 12:44am Sep 2, 2019 12:44am
Quoting TyLamai
This is a FREE, NON-COMMERCIAL thread. Nothing here is for sale. Definition: Basket trading is the combining of two (2) or more currency charts into one (1) offline chart and subsequently trading these pairs in alignment. While this definition is deliberately simple, basket trading is by no means newbie-friendly...and so is this thread. If you are new to all this, please read up and catch up with us later. Basket trading is certainly not a new concept. You can do your own research to find out more about "basketting". NO LINKS to other basketting...
Subscribed. Have gleaned some good stuff . Awesome
  • #82
  • Sep 2, 2019 1:09am Sep 2, 2019 1:09am
Quoting yadaForex
{quote} Subscribed. Have gleaned some good stuff . Awesome
You are welcome yadaForex. Thanks for the kind words.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #83
  • Sep 2, 2019 5:50am Sep 2, 2019 5:50am
Trading Nugget:

By the way, this is just to help someone out there who was once like I was.

I used to be REALLY confused about this Risk On/Risk Off thingy. It NEVER seemed to make any sense to me until I changed the meaning of the word "RISK" in my mind/head.

So now when I see RISK I simply replace it with the word COURAGE or CONFIDENCE.

If they say Risk On = It means COURAGE/CONFIDENCE On = Which means that traders are Optimistic and BUYing against the so-called "safe-haven" currencies (i.e. Buying the AUD or EUR or GBP or NZD, etc., against the USD or JPY (and sometimes the CHF)).

For our purposes as basket knights, what that means is a BUY basket since we trade mostly against the JPY "safe-haven" pair.

The reverse is true for RISK/COURAGE/CONFIDENCE Off seasons.

Hope that helped someone like it did me those many years ago.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #84
  • Sep 2, 2019 8:33am Sep 2, 2019 8:33am
@TyLamai: Did you notice that the basket indicator stopped updating the offline charts?

You may want to check on your side.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-09-02 at 15.32.41.png Size: 322 KB
  • #85
  • Sep 2, 2019 8:59am Sep 2, 2019 8:59am
The C5 offline Chart has Frozen too!

I have bad news - we just observed that the C5 offline charts created by the BasketCreator Indicator has ALSO frozen and now gives errors (*see attached image).

I will TRY to find a work around. If that is possible I will CERTAINLY post it in this thread.

Meanwhile, please allow me to renew my appeal to any coder willing to help us out by reviewing and updating the source code of the BasketCreating Indicator (i.e. the Basketv8 new format).

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: 010c. Errors on the C5 offline Charts too - 2019-09-02.png Size: 69 KB
My job: I speculate and manage risk.
  • #86
  • Sep 2, 2019 9:09am Sep 2, 2019 9:09am
Quoting bishopdotun
@TyLamai: Did you notice that the basket indicator stopped updating the offline charts? You may want to check on your side. {image}
Hi BD.

Honourned to have you here.

Yes my attention was brought to it and I was typing the above post to annouce this new developement to the basket knights.

This is the same error which occured while trying to create C14 offline charts. I mentioned just yesterday on our Skype group that it seemed the errors had to do with the Price on the offline charts going BELOW zero (0).

Below was what @disbellj wrote concerning this error (it might help coders out there help us out):

-------------------------

"Also good news is that the code for the C5 and C14 are the same, just user inputs changed and re-saved. The only thing I really see differently than my offline chart creator is mine doesn't use "Factor", but instead simply adds pips atbeginning and does not use a multiplier.

I did that so that although the values on chart are huge integers (not doubles), I wouldn't get a negative value:

ExtMapBuffer1_Close[bar] = CurrencyStartingPips+sum_A_Pair;
ExtMapBuffer1_Low[bar] = CurrencyStartingPips+sum_A_Pair_L;
ExtMapBuffer1_High[bar] = CurrencyStartingPips+sum_A_Pair_H;
ExtMapBuffer1_Open[bar] = CurrencyStartingPips+sum_A_Pair_O;
ExtMapBuffer1_Volume[bar] = sum_A_Pair_V;

The line of code that is the problem I bet is belowline where kk (which is added like I do currency pips above) is made negative.

Why negative? Why add a multiplier also? And if getting bad offline charts, just increase the starting pip values. The code is made more complicated and error-pronethat needs be. The adding pips could be a user input so that 10,000 starting value can easily be made into 100,000 starting value and bingo - no negative values, so good charts.

My charts which were made earlier than these (years before) had the negative OHLC problem and my fix was simple and I just told you about it:

// Change kk to -1300 ifHLOC values are less than 0.
double kk=-Factor;
"
-------------------------

Since I don't code I have no idea what da heck that means (lol) - BUT I want to believe that good coders can understand what that means.

Thanks for your notification.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #87
  • Sep 2, 2019 9:35am Sep 2, 2019 9:35am
Quoting TyLamai
...I will TRY to find a work around. If that is possible I will CERTAINLY post it in this thread....
One work around which can be used by C5 traders is the GBPJPY H4 chart.

In the "olden days" of basket trading it was discovered that the GBPJPY chart CLOSELY resembled the C5 offline chart. It was observed that where the GJ went the C5 mostly followed (or vice versa).

Open a GJ H4 chart and apply the Tidane Trend Template to see for yourself. As expected, the GJ H4 chart is currently signaling a SELL Basket too.

In a few hours, I will share an Expert Advisor which will FURTHER help with trading the Core5 and C14 - unfortunately because it is a commercial EA (though FREE) I will need to decide how to share it without incuring the wrath of the FF admin.

Hang tight Basket knights, help is most certainly enroute!

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #88
  • Sep 2, 2019 11:40am Sep 2, 2019 11:40am
Quoting TyLamai
{quote} ...Hang tight Basket knights, help is most certainly enroute! Regards and Stay fluid, Ty
We have a SOLUTION!

As promised, help is here.

I would like to thank member @Asw for his wonderful contribution. He discovered and shared an alternative offline Basket Creating Indicator with us.

This indicator allows us create various offline basketting charts as you would discover in the following post(s).

Thanks to everyone for your patience.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #89
  • Edited 12:01pm Sep 2, 2019 11:51am | Edited 12:01pm
Added the fix of post #86

I have quite some experience and history in C# coding which is quite similiar to MQL and after working myself into MQL a bit i can contribute some more coding work maybe.

2bnnp
Attached File(s)
File Type: mq4 Basketv8 new format(C5)_lowvaluefix.mq4   22 KB | 458 downloads
  • #90
  • Sep 2, 2019 12:22pm Sep 2, 2019 12:22pm
Quoting 2bnnp
Added the fix of post #86 I have quite some experience and history in C# coding which is quite similiar to MQL and after working myself into MQL a bit i can contribute some more coding work maybe. 2bnnp {file}
Of course you have a solution AFTER allowing me to have a near heart attack from worry!!! (Lol!).

Well a VERY BIG thank you to YOU 2bnnp!

I will check it out and see if it can be included to the first post (which meanwhile has JUST NOW been revamped and updated with the working indicator I mentioned above).

Thank you again 2bnnp and looking forward to more contributions from you. [I'll hold you to those promised future coding work!]

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #91
  • Sep 2, 2019 12:25pm Sep 2, 2019 12:25pm
Quoting TyLamai
{quote} We have a SOLUTION! As promised, help is here. I would like to thank member @Asw for his wonderful contribution. He discovered and shared an alternative offline Basket Creating Indicator with us. This indicator allows us create various offline basketting charts as you would discover in the following post(s). Thanks to everyone for your patience. Regards and Stay fluid, Ty
Post #1 has been updated with the new Offline Chart Creating Indicator and Process.

Apologies for all the hassle.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #92
  • Sep 2, 2019 12:36pm Sep 2, 2019 12:36pm
Quoting 2bnnp
Added the fix of post #86 I have quite some experience and history in C# coding which is quite similiar to MQL and after working myself into MQL a bit i can contribute some more coding work maybe. 2bnnp {file}
Hello again 2bnnp,

I can report that I've checked out your indicator fix and it is working perfectly on my end.

Thank you again for you input.

Regards and Stay fluid,

Ty
Attached Image (click to enlarge)
Click to Enlarge Name: 010d. #TyC5X#05H4_New2bnnpFix.png Size: 56 KB
My job: I speculate and manage risk.
  • #93
  • Sep 2, 2019 4:18pm Sep 2, 2019 4:18pm
Quoting TyLamai
{quote}...In a few hours, I will share an Expert Advisor which will FURTHER help with trading the Core5 and C14 - unfortunately because it is a commercial EA (though FREE) I will need to decide how to share it without incuring the wrath of the FF admin...
Note that I did NOT forget about this. But as you can acknowledge, there is NO LONGER any need for this - so I have discarded the idea.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #94
  • Sep 2, 2019 4:38pm Sep 2, 2019 4:38pm
Quoting TyLamai
...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)....
...Still waiting for that discount.

There was a little retrace-continuation on the m15 today but I found it too shallow to consider it as a good-enough discount. Price did not get close to my DZ, plus I also did not want to be caught on the wrong side.

I'll wait and see what tomorrow brings.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #95
  • Sep 3, 2019 1:08am Sep 3, 2019 1:08am
#C12#

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-09-03 at 07.47.36.png Size: 1.1 MB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-09-03 at 07.48.12.png Size: 837 KB
  • #96
  • Sep 3, 2019 5:36am Sep 3, 2019 5:36am
Good day basket knights,

I've received some error reports which occur when trying to create offline charts with brokers offering Suffixed/Prefixed pairs.

Please if you are having such issues let me know so that we can find a fix for it.

In the meantime a workaround would be to simply use a brokerage which quotes non-suffixed/non-prefixed pairs a "signal" mt4 instance and then trade on your live/main mt4 instance once you get a signal.

Hope this helps.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #97
  • Sep 3, 2019 6:06am Sep 3, 2019 6:06am
Fundamentals: (Truth and Rumours)

#1. "Elsewhere RBA kept rates on hold as expected at 1.00% and kept its statement surprisingly upbeat offering no clues that it may cut rates further in the very near future. For now, the RBA appears to be content to remain in neutral mode reserving what ammunition it has left for more difficult times. It seemed particularly focused on the state of employment which remained surprisingly robust given the global trade tensions and it appears that the central bank will not move to cut rates further unless labor conditions deteriorate,
All of this left Aussie bit stronger on the day as the unit bounced from .6678 lows to trade .6725 by EU mid-morning. The pair continues to find support at the .6700 level where it has been basing for more than a month and any positive news in US-China trade negotiations could quickly push it to .6800." - Boris Schlossberg

#2. European Union (Withdrawl): Motion Submitted Under Standing Order No 24
https://www.forexfactory.com/news/94...standing-order

Discounting or Sentimental shift?

Patience. Time will tell.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #98
  • Sep 3, 2019 9:11am Sep 3, 2019 9:11am
The "Discount" is still ongoing and can be viewed (as a Buy basket signal) on the m15 offline chart (*see attached m15 charts below). I'm still hoping it gets into the DZ of the H1 and H4 C5 charts.

*Note: This should NOT be misunderstood to mean a Buy basket is in play - it's way too early for that (at least for me, as I trade in the H4 direction which is still signaling a solid Sell Basket).

Regards and Stay fluid,

Ty
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 011a. #TyC5#05M15.png Size: 36 KB
Click to Enlarge Name: 011b. #TyC12#12M15.png Size: 41 KB
My job: I speculate and manage risk.
  • #99
  • Sep 3, 2019 9:21am Sep 3, 2019 9:21am
Quoting TyLamai
Good day basket knights, I've received some error reports which occur when trying to create offline charts with brokers offering Suffixed/Prefixed pairs. Please if you are having such issues let me know so that we can find a fix for it. In the meantime a workaround would be to simply use a brokerage which quotes non-suffixed/non-prefixed pairs a "signal" mt4 instance and then trade on your live/main mt4 instance once you get a signal. Hope this helps. Regards and Stay fluid, Ty


In the file with pair names specify full pair names with prefix and suffix.
For example, if you have suffix in broker "_ecn" in the pair name, type EURUSD_ecn instead of EURUSD

5
EURJPY_ecn
GBPJPY_ecn
NZDUSD_ecn
GBPUSD_ecn
AUDJPY_ecn

Asw
  • #100
  • Sep 3, 2019 9:29am Sep 3, 2019 9:29am
Quoting Asw
{quote} In the file with pair names specify full pair names with prefix and suffix. For example, if you have suffix in broker "_ecn" in the pair name, type EURUSD_ecn instead of EURUSD 5 EURJPY_ecn GBPJPY_ecn NZDUSD_ecn GBPUSD_ecn AUDJPY_ecn Asw
Yes Asw, that's exactly what I suggested should be done via PM. I just wanted to be sure whether or not we had others out there having the same errors BEFORE sharing the "fix" here.

Thank you as usual for your contribution.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
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