Trading 8 Forex Pairs - Fully Automatic - Basket Trading | Forex Factory

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Trading 8 Forex Pairs - Fully Automatic - Basket Trading

  • #1
  • First Post: Sep 13, 2022 2:21am Sep 13, 2022 2:21am
Hello guys, I am big fan of moving averages and I combined them with basket trading to see what the outcome would be. My system will trade crosses of 9 and 200 exponential averages on 15 min time frame across 8 forex pairs: EURUSD GBPUSD EURJPY USDJPY USDCHF AUDUSD NZDUSD and USDCAD. The trades will take place automatically through EA. I wanted these trades to be taken automatically so emotions are not involved before executing a trade. Also I do not want to worry about news ect. I will monitor these trades 4 to 5 times a day and adjust stop losses. I will use stop losses to secure profit. EA is set at 2 lots on each trade, 200 SL 200 TP by default. Leverage i am working with is 1:30 I will update this thread with images and results during the week. I am hoping for positive results.

I started today 9/13/22.
Current Balance :$197,933 - Demo Account.
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  • #2
  • Sep 13, 2022 4:33am Sep 13, 2022 4:33am
where is the ea ?
You are doing here promotion or helping others ?
  • #3
  • Sep 13, 2022 6:04am Sep 13, 2022 6:04am
Quoting EagleEyees
where is the ea ? You are doing here promotion or helping others ?
Please stop with the negativity. I am not promoting anything here. Just sharing an idea. I can not really help others because I am not an expert myself. I am a new user and still learning.
  • #4
  • Sep 13, 2022 10:01am Sep 13, 2022 10:01am
Here is an update at 1:00PM EST. Today was the CPI day... so far here is the update. 7 trades got triggered.
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  • #5
  • Sep 14, 2022 2:08am Sep 14, 2022 2:08am
Quoting EagleEyees
where is the ea ? You are doing here promotion or helping others ?
If he was selling, I'm sure he would tell which EA

It's only MA cross method, many available for FREE

If that is the concern

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It takes a lot for me to IGNORE you, but you can try.
  • #6
  • Edited 4:55am Sep 14, 2022 4:23am | Edited 4:55am
Hey all,
Good to see a system based on MA's. I'm trading one myself (self written) with a little different take.

Here is what I have:
Global Trend Analysis: Two Big MA's decide (200 and 100 periods) - On H4 (Configurable)
Local Trend Analysis: Two small MA's (100 and 50 periods) - On M15 (Configurable)

Trade Decision: Two MA's CROSS (10 and 4 periods) - Same TF as Local Trend(M15 in this case)

Multisymbol (I'm trading all 28 pairs from just one chart)

Max trades/Symbol limit : 2 (Configurable). Allow more if currency pair have +ve profit.

So a trade is taken only when Global, Local and Trade deciding MA's are in sync.

I don't have a SL. TP is a trailing system for all 28 currencies.

Pick any of the thoughts from my system OR add further suggestions, if you like.
  • #7
  • Sep 14, 2022 9:01am Sep 14, 2022 9:01am
Quoting mdhanda
Hey all, Good to see a system based on MA's. I'm trading one myself (self written) with a little different take. Here is what I have: Global Trend Analysis: Two Big MA's decide (200 and 100 periods) - On H4 (Configurable) Local Trend Analysis: Two small MA's (100 and 50 periods) - On M15 (Configurable) Trade Decision: Two MA's CROSS (10 and 4 periods) - Same TF as Local Trend(M15 in this case) Multisymbol (I'm trading all 28 pairs from just one chart) Max trades/Symbol limit : 2 (Configurable). Allow more if currency pair have +ve profit. So a trade...
I'm curious, how this is working out for you? I was wondering do you ever cut losing trades? You mentioned there is no stop loss but if enough currencies reverse without hitting your TP (global), you've pretty much got unlimited risk, the profit on 'winning' trades might never be enough to outweigh the losing ones.
  • #8
  • Last Post: Sep 14, 2022 9:29pm Sep 14, 2022 9:29pm
Quoting Sakotz
{quote} I'm curious, how this is working out for you? I was wondering do you ever cut losing trades? You mentioned there is no stop loss but if enough currencies reverse without hitting your TP (global), you've pretty much got unlimited risk, the profit on 'winning' trades might never be enough to outweigh the losing ones.
As you said, "enough currencies reverse"... which is theoretically a possibility, but one's reverse is another one's gain. And that's where my multi-filter system comes in handy. When the reversal starts on smaller TF's, my system doesn't allow to take a trade before all MA's sync back together.

And yes, I've a trailing TP.. that usually prevents any gains from going waste.

Most definitely, trades based on MA's cross always have a little reversal.. before heading in anticipated direction.

One thing I learned from my multiple years of trading, MA's don't lie broadly.. it's just that you need to learn when to place a trade with them.
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