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Basket Knights - A Basket Trading Round Table

  • #261
  • Sep 14, 2019 8:17pm Sep 14, 2019 8:17pm
Quoting failinforex
Is it possible to change the pairs in the basket? TIA
Finally, manage to change them.
  • #262
  • Sep 15, 2019 3:48am Sep 15, 2019 3:48am
Quoting Coffeebuff
{quote} Nice to be on board and love what i am reading, Many thanks Don
You are welcome Coffeebuff. Thanks for stopping by.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #263
  • Sep 15, 2019 3:49am Sep 15, 2019 3:49am
Quoting failinforex
{quote} Finally, manage to change them.
Good to hear failinforex. In hindsight was it not much better for you this way?

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #264
  • Sep 15, 2019 7:25am Sep 15, 2019 7:25am
my entry based on signal from tidane indicator on M15 chart.
this indicator seem repaint, so usually i trade on demo at first,
in demo, i can see wich pair have a good profit and wich is on loss
when a pair have a good profit then i trade in real.

but sometimes, even if all indicator in offline chart indicate to SELL for example,
not all pair in profit if i go to SELL, some pairs go another way.
and if i trade using script (0.01 SELL_C14, etc) it will trade all the pairs, not just profitable pair.

so, is there a way to choose wich pair to buy or sell in the script?

because i think not all pair always do the same way as a group.
thanks.
  • #265
  • Sep 15, 2019 1:23pm Sep 15, 2019 1:23pm
Quoting omahtengah
my entry based on signal from tidane indicator on M15 chart. this indicator seem repaint, so usually i trade on demo at first, in demo, i can see wich pair have a good profit and wich is on loss when a pair have a good profit then i trade in real. but sometimes, even if all indicator in offline chart indicate to SELL for example, not all pair in profit if i go to SELL, some pairs go another way. and if i trade using script (0.01 SELL_C14, etc) it will trade all the pairs, not just profitable pair. so, is there a way to choose wich pair to buy or...
Hi omahtengah, thanks for your post.

Firstly, I've never known Tidane to repaint. Maybe it's just me.

Secondly, I shared the code for the Buy/Sell Scripts. Tinker with the code to your heart's content.

Finally, I trade the C5 & C12 baskets. It's a complete system. I only tweak it to suit my account size where SLs are concerned or to make it more efficient so I can make more pips within the same move/direction. I don't try to reinvent the Basketting wheel...frankly I'm not smart enough.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #266
  • Edited 6:22pm Sep 15, 2019 6:10pm | Edited 6:22pm
Quoting TyLamai
{quote} Hi omahtengah, thanks for your post. Firstly, I've never known Tidane to repaint. Maybe it's just me. Secondly, I shared the code for the Buy/Sell Scripts. Tinker with the code to your heart's content. Finally, I trade the C5 & C12 baskets. It's a complete system. I only tweak it to suit my account size where SLs are concerned or to make it more efficient so I can make more pips within the same move/direction. I don't try to reinvent the Basketting wheel...frankly I'm not smart enough. Regards and Stay fluid, Ty
Tidane is just the edge of the bollinger band with some angle management to tell you the status of the market if it is ranging/trending at the moment. When the price closed above the higher band, it draws the lower band while signaling up trend and vice versa. It should not repaint.
  • #267
  • Sep 16, 2019 11:02am Sep 16, 2019 11:02am
Fundies: Truths and Rumours.

"A wild open to the week's trade in global capital markets today as a weekend attack on Saudi oil facilities took 5% of the world production offline sparking a 20% gap open in oil and sending risk FX lower.

However, sentiment quickly stabilized after President Trump quickly reassured the markets that the US would tap the strategic oil reserve to satisfy any unmet demand and the US announcement was followed by comments from Russian oil minister Novak who also stated that there was plenty of oil in inventories to satisfy current global demand.

WTI, which gapped higher to more than $60/bbl receded off those levels by London open trading at $58.80 as sentiment stabilized. As we noted earlier, "The oil story won't get worse unless there is another attack. For now, the market will stay slightly elevated but with immediate supplies guaranteed the price will ease back to Friday's levels as the market will see this as a one-off event. Another drone attack, however, and all bets are off." - Boris Schlossberg

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #268
  • Sep 16, 2019 11:18am Sep 16, 2019 11:18am
+1,307 TOTAL pips Banked and 0 pips floating...the H4 Buy basket is still valid.

For those wondering if I ever have DD, I have just closed all my remaining open trades. Why? C5 Price looks to me like it's deeply discounting. At market open I was up over +300 pips in profit and I closed all at +62 pips ONLY...is that DD or what?

Anyway, C5 m15 and H1 are both Discounting - we'll see what that means shortly: As usual it will EITHER be a DC or a new Sell basket signal will occur on the H4.

Well see.

Regards and Stay fluid,

Ty
Attached Image
My job: I speculate and manage risk.
  • #269
  • Sep 16, 2019 11:28am Sep 16, 2019 11:28am
Quoting TyLamai
Why? C5 Price looks to me like it's deeply discounting. Anyway, C5 m15 and H1 are both Discounting - we'll see what that means shortly: As usual it will EITHER be a DC or a new Sell basket signal will occur on the H4. Well see. Regards and Stay fluid, Ty {image}
Some visuals.

Regards and Stay fluid,

Ty
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w005a1b #TyC5#12H4.png Size: 40 KB
Click to Enlarge Name: w005a1c #TyC5#12H1.png Size: 45 KB
Click to Enlarge Name: w005a1d #TyC5#12M15.png Size: 43 KB
My job: I speculate and manage risk.
  • #270
  • Sep 17, 2019 4:06am Sep 17, 2019 4:06am
Fundies: Truths and Rumours.

"There are four central bank monetary policy announcements on the calendar this week but the Federal Reserve's is hands down the most important. The greenback strengthened against all of the major currencies except for the Japanese Yen. The decline in USD/JPY is consistent with the sharp decline in treasury yields and sell-off in stocks. Investors are nervous ahead of the Fed meeting for a number of reasons. First the most recent piece of US data - the Empire State manufacturing index was disappointing. Secondly, last night's Chinese economic reports fell short of expectations and lastly, the attacks on Saudi Arabia oil facilities has investors worried that it could escalate into a US attack on Iran.

The Australian and New Zealand dollars are in focus as significantly weaker industrial production and retail sales numbersputs pressure on China to increase fiscal stimulus. The New Zealand dollar has been hit the hardest, falling for the fourth trading day in a row while softer Chinese data only stemmed the rise in A$. Part of this divergence can be attributed to the Reserve Bank of Australia's optimism. Tonight, the minutes from the most recent RBA meeting will be released and the overall strength of the Australian dollar reflects their optimism. When they last met in September, the RBA recognized global uncertainty but also said they expect growth to strengthen gradually to around trend. They also noted upward pressure on wage growth and signs of a turnaround in the housing market that should support spending. If the minutes are optimistic, AUD/NZD will extend to fresh 5-month highs. If they give investors any reason to believe that easing is still a possibility this year, A$ will extend its slide quickly, far outpacing the decline in NZ$.

Euro and sterling also fell sharply on Monday. The euro was hit by dovish comments from ECB member Lane who said the convergence of inflation towards their goal has recently slowed and may have partly reversed. The ZEW survey is scheduled for release tomorrow and while investors may be pleased with the massive stimuluspackaged expected from the central bank, the German economy is still very weak. Sterling on the other hand continues to be pressured by Brexit risks. Johnson and Juncker agree that more intensive talks are needed but the possibility of a delay to the October 31st Brexit deadline has been put to question by Luxembourg leader Bettel who said he would only delay Brexit if the deadline serves a purpose. The UK and the EU needs Luxembourg on board because the decision needs to be unanimous." - Kathy Lien

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #271
  • Sep 17, 2019 4:08am Sep 17, 2019 4:08am
....and the bias remain Long until the market says otherwise:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-09-17 at 10.05.01.png Size: 1.3 MB


Attached Image (click to enlarge)
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  • #272
  • Sep 17, 2019 4:12am Sep 17, 2019 4:12am
Quoting bishopdotun
....and the bias remain Long until the market says otherwise: {image} {image}
Very correct!

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #273
  • Sep 17, 2019 9:03am Sep 17, 2019 9:03am
H4 Buy basket still valid. DC confirmed. Selective Basketting engaged.

Regards and Stay fluid,

Ty
Attached Image
My job: I speculate and manage risk.
  • #274
  • Sep 17, 2019 10:04am Sep 17, 2019 10:04am
Quoting TyLamai
H4 Buy basket still valid. DC confirmed. Selective Basketting engaged. Regards and Stay fluid, Ty {image}
Update.

Regards and Stay fluid,

Ty
Attached Image
My job: I speculate and manage risk.
  • #275
  • Sep 17, 2019 10:07am Sep 17, 2019 10:07am
Quoting TyLamai
{quote} Update. Regards and Stay fluid, Ty {image}
Wow. Thats fast
  • #276
  • Sep 17, 2019 10:27am Sep 17, 2019 10:27am
Hi TyLamai,
I still have trouble with place an order it came out
2019.09.17 07:41:14.598 ! 0.01_Buy_C5 #TyC5#05-6,H4: unknown symbol name NZDUSD for OrderSend function.I check my offline still have NZDUSD in that offline.Please help.Thanks
Munchie
  • #277
  • Sep 17, 2019 12:14pm Sep 17, 2019 12:14pm
Hi Ty

Nice thread, lovely system, count me in to test. I have downloaded and followed instructions. I'm getting an offline message 'Waiting for Update' ... on my offline chart ... do you think the historic data has not loaded correctly?

Regards

Degsie
  • #278
  • Sep 17, 2019 12:18pm Sep 17, 2019 12:18pm
Held my long trades and added more.....

That's my last round of added trades until the market turns bearish.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-09-17 at 18.13.02.png Size: 825 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-09-17 at 18.13.33.png Size: 1.1 MB
  • #279
  • Sep 17, 2019 5:01pm Sep 17, 2019 5:01pm
Quoting munchie
Hi TyLamai, I still have trouble with place an order it came out 2019.09.17 07:41:14.598 ! 0.01_Buy_C5 #TyC5#05-6,H4: unknown symbol name NZDUSD for OrderSend function.I check my offline still have NZDUSD in that offline.Please help.Thanks Munchie
Use a broker that offers none-suffixed / non-prefixed Pairs...normal pairs like EURUSD etc. Once you get the signal on that demo broker, you can then open your trades on any other account you like.

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
  • #280
  • Sep 17, 2019 5:18pm Sep 17, 2019 5:18pm
Quoting Degsie
Hi Ty Nice thread, lovely system, count me in to test. I have downloaded and followed instructions. I'm getting an offline message 'Waiting for Update' ... on my offline chart ... do you think the historic data has not loaded correctly? Regards Degsie
Hi Degsie,

You are welcome.

Please note that we are NOT testing anything here. Basket trading is not a new trading concept and a lot of the traders here have been trading this method for many years.

Your "waiting for update" error message is probably due to your charts not having enough history bars. Reduce the "Max Bars" setting in the Basket creating indicator input parameter (see post#1 for how).

Regards and Stay fluid,

Ty
My job: I speculate and manage risk.
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