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Basket Knights - A Basket Trading Round Table

  • #1,221
  • Nov 6, 2020 1:12am Nov 6, 2020 1:12am
Quoting Blaiserboy
I use this to keep an eye on the different groupings {image}
sorry to bother you where can this be found ?

many thanks
  • #1,222
  • Nov 6, 2020 1:16am Nov 6, 2020 1:16am
Quoting RoninTheory
{quote} sorry to bother you where can this be found ? many thanks
Look very closely at the image,

there is a web address there

Goos Luck
It takes a lot for me to IGNORE you, but you can try.
  • #1,223
  • Nov 6, 2020 1:33am Nov 6, 2020 1:33am
Quoting Erebus
{quote} Look very closely at the image, there is a web address there Goos Luck
thankyou tired from skimming lots
  • #1,224
  • Dec 1, 2020 6:23am Dec 1, 2020 6:23am
Hello TyLamai and anyone who is willing to assist, I have followed the steps for creating a basket but on opening my C5 basket my chart lacks any of the indicators, Kindly assist.
Attached Image (click to enlarge)
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"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #1,225
  • Dec 1, 2020 6:36am Dec 1, 2020 6:36am
Quoting Nonip
Hello TyLamai and anyone who is willing to assist, I have followed the steps for creating a basket but on opening my C5 basket my chart lacks any of the indicators, Kindly assist. {image}
Solved it, anyone trading baskets this week? would love to trade along.
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #1,226
  • Dec 1, 2020 1:51pm Dec 1, 2020 1:51pm
what zip should i download to setup the sytem,there are different versions,should i take from post 1 or the latest one,which ones is updated and works best,plz advice.
  • #1,227
  • Feb 2, 2021 2:51pm Feb 2, 2021 2:51pm
Hi,
Ive been messing with baskets for quite sometime. Wish I could say I was rich from baskets.. I pretty much work alone, but am willing to work with those that have something to bring to the table. I got fed up with MT4, decided to build my own console using the brokers back end API. Heres a screen shot.. Sounds like there are some similarities with others on this group? Any other software developers here?

G
Attached Image(s) (click to enlarge)
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  • #1,228
  • Feb 9, 2021 3:22am Feb 9, 2021 3:22am
Quoting Ghamm
Hi, Ive been messing with baskets for quite sometime. Wish I could say I was rich from baskets.. I pretty much work alone, but am willing to work with those that have something to bring to the table. I got fed up with MT4, decided to build my own console using the brokers back end API. Heres a screen shot.. Sounds like there are some similarities with others on this group? Any other software developers here? G {image} {image}
Looks amazing, well done!
  • #1,229
  • Feb 12, 2021 5:39am Feb 12, 2021 5:39am
Quoting Ghamm
Hi, Ive been messing with baskets for quite sometime. Wish I could say I was rich from baskets.. I pretty much work alone, but am willing to work with those that have something to bring to the table. I got fed up with MT4, decided to build my own console using the brokers back end API. Heres a screen shot.. Sounds like there are some similarities with others on this group? Any other software developers here? G {image} {image}
Hi Ghamm,

Welcome. Firstly, WHUUUUTTTT!? Did I just hear you say you build your own console!? That's epic. I have no idea how to even begin to wrap my head around that one. That's so amazing.

Moving forward, what exactly are you looking at when you say "...those that have something to bring to the table"? What do you need?

Anyhow, welcome again and great job on your console man.

Regards,

Ty
My job: I speculate and manage risk.
  • #1,230
  • Feb 12, 2021 8:34am Feb 12, 2021 8:34am
Quoting TyLamai
{quote} Hi Ghamm, Welcome. Firstly, WHUUUUTTTT!? Did I just hear you say you build your own console!? That's epic. I have no idea how to even begin to wrap my head around that one. That's so amazing. Moving forward, what exactly are you looking at when you say "...those that have something to bring to the table"? What do you need? Anyhow, welcome again and great job on your console man. Regards, Ty
Thanks for the kind word. I guess what I mean is that I spend hundreds (Maybe thousands) of hours trying to figure stuff out, and over the years, Ive grown to hate forums because most just want to come and find something that already works and not pay the price in time. Its the same with starting a small business.. Cant count how many people tell me " You get the business going, and when its successful, Ill quit my job and join you" I reply, when its working, I wont need you.

99.9% of people lose money in forex. The 0.1 % dont talk.

Hard to find people that really want to put their resources and time in the game. And keep their mouth shut.
  • #1,231
  • Feb 13, 2021 7:27am Feb 13, 2021 7:27am
Quoting Ghamm
{quote} Thanks for the kind word. I guess what I mean is that I spend hundreds (Maybe thousands) of hours trying to figure stuff out, and over the years, Ive grown to hate forums because most just want to come and find something that already works and not pay the price in time. Its the same with starting a small business.. Cant count how many people tell me " You get the business going, and when its successful, Ill quit my job and join you" I reply, when its working, I wont need you. 99.9% of people lose money in forex. The 0.1 % dont talk. Hard...
A lot of TRUTH in what you wrote above Ghamm. Unfortunately so.

For me, my greatest regret with forums like this one is that I can't find people who can think outside the fxBox while still maintaining humility.

Another regret is that I can't find people who can code and also have the time to explore the "fringe" parts of fx trading.

Finally, finding someone who is trustworthy to share ideas with can also be pretty difficult - you put yourself out there and get shafted. For example, even in this thread right here, guys have been known to come in, discover great ideas for basketting and turn right out and run away with said "discoveries".

To be fair, there are ALSO a great deal of guys here who have shared their findings and ideas selflessly too.

Anyway, I would suggest we take this behind "closed doors" (I'll shoot you a PM if your settings allow).

Great to have you here.

Regards,

Ty
My job: I speculate and manage risk.
  • #1,232
  • Feb 13, 2021 7:36am Feb 13, 2021 7:36am
As a Basketter, I often ask myself WHY someone would be trying sooooo damn hard to SELL any of the Basket pairs (e.g. AJ, AU, EJ, EU, GU, GJ, NJ, NU, etc., etc.).

Now, except you are a scalper or hedge trading, I would think the "easiest" direction to have been trading (at least on the H1 since most of February, 20121) should have been UP...in line with the UNITED nations of Core Pairs...

Simply WAIT for a Discount, and then trade the Continuation = DC.

Anyway, what do I know...

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Regards,

Ty
My job: I speculate and manage risk.
  • #1,233
  • Mar 12, 2021 12:08pm Mar 12, 2021 12:08pm
The new and improved basket trader.. Basket trading is the best!
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  • #1,234
  • Mar 14, 2021 3:02pm Mar 14, 2021 3:02pm
Quoting Ghamm
The new and improved basket trader.. Basket trading is the best! {image}
Well done, very impressive!!
Love the incorporation of tick volume and ticks per second. Looks like it would be a fun tool to use.
  • #1,235
  • Mar 14, 2021 4:55pm Mar 14, 2021 4:55pm
Thanks, we all keep at it.
  • #1,236
  • Mar 15, 2021 11:17am Mar 15, 2021 11:17am
Ty,

This is a great tool for Basket Trading. Quite an ingenious concept ... to aggregate the basket pairs into a single price and then chart it. For me, the Core 5 are the way to go and is all I need because I think they drive the basket and everything else follows. The basket does not move unless they move.

But I do have a question ... What drives the changes in the Tidane Trend indicator? Conceptually, I understand that it is showing a basket trend, but what causes it to flip and what are the trigger points?

Sleek
  • #1,237
  • Edited 12:13pm Mar 15, 2021 11:28am | Edited 12:13pm
Im not sure I know what Tidane Trend indicator is..
Originally, I tried (For years) to create a fully automated EA that would basket trade, mostly based on Correlations, ATRs, RSI etc.. I could never get it consistent.. But now that I use a more hybrid approach, seems to be the ticket.. Uses very few indicators..
  • #1,238
  • Mar 15, 2021 10:25pm Mar 15, 2021 10:25pm
I think the basket is the ultimate indicator, especially if you use it as a directional guide to trade any of the composite pairs. So I guess we are always trying to get more insight into the next move, so we put indicators on the indicator

In terms of the next move, it seems like the long basket has been running into overhead resistance lately. As I see it, we have had a long basket ... lead by GBP, AUD, and NZD for about a year now and it seems long overdue for a correction to the down side. It looks like the GBP is starting to run out of gas and is threatening to pull it down. Should be interesting to see where it goes next.
  • #1,239
  • Mar 16, 2021 3:05am Mar 16, 2021 3:05am
Quoting Sleekster
I think the basket is the ultimate indicator, especially if you use it as a directional guide to trade any of the composite pairs. So I guess we are always trying to get more insight into the next move, so we put indicators on the indicator ...
His Sleekster,

This is very true unfortunately Basket trading is not as "sexy" as other forms/strategies/methods/systems of trading and therefore will never gain the traction it deserves in terms of efficiency.

Welcome.

Regards,

Ty
My job: I speculate and manage risk.
  • #1,240
  • Mar 16, 2021 3:11am Mar 16, 2021 3:11am
Quoting Sleekster
Ty, This is a great tool for Basket Trading. Quite an ingenious concept ... to aggregate the basket pairs into a single price and then chart it. For me, the Core 5 are the way to go and is all I need because I think they drive the basket and everything else follows. The basket does not move unless they move. But I do have a question ... What drives the changes in the Tidane Trend indicator? Conceptually, I understand that it is showing a basket trend, but what causes it to flip and what are the trigger points? Sleek
Sleekster,

I'm not sure I fully understand your question so if my response reflects a lack of understanding of it please ignore.

As far as I know, the Bollinger Band is the closest default indicator I've seen compared to the Tidane indicator. Test for yourself and see.

Regards,

Ty
My job: I speculate and manage risk.
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