Simple Trading Method with trader101

Quoting Hermes69

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I can see the example you quoted only in one graph at a time. I.e., now, on EUR/USD I have ProfitBuySide = -1542, ProfitSellSide= 1493,5, Diff w/o swap=- 39,76

Should I display what you mean for all the pairs? Or a look at any of graph related to the 14 pairs is enough?


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MathAbs(BuyProfit)+MathAbs(SellProf it) >= 700*lotsize
ex. ProfitBuySide = -35 ProfitSellSide = +45 Diff w/o swap = +10

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Quoting Jimbop

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All,

(especially new people) This is a thread with a very innovative Strategy, not many have played with these Basket type strategies (I know I never had) and some of the techniques are a bit unfamiliar that being said. Before you post a question make sure you have read the entire thread.... (I know this sux but we're approaching 1000 posts already it's only going to get worse)

Ok if you've read the entire thread and have a question....guess what you missed something, read it again at least now you'll know what you're looking for. If you still can't find it ask .... But because of the uniqueness of this method it takes a couple times through to catch it all (took me three times)

Just trying to keep this thread manageable and let Julius and some of the more experienced guys work on trading and continuous refinements...

Good Luck to us all!

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Quoting trader101

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Precisely, when we say dislodge we mean by another colored pair, and that is a long time to wait but you have to be patient. The top group of the same color is our trend and our friend. if they just interchange thier slot among themselves that is not a jump.
OK lang bro.

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Quoting FOURX

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Aren't you the lucky one. if i do not understand , i will ask questions.

julius has just now contradicted previous posts

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Quoting Hermes69

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ok, so for this example on EUR/USD we have: ProfitBuySide = -1542, ProfitSellSide= 1493,5, Diff w/o swap=- 39,76.

Total = 3075,26. Is this number too huge Vs 700*0.1?

What about the Long direction? Should we expect a a difference below -70 or over +70?

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Quoting trader101

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Hello all
Just come back from costco and i cant help meyself looking at the thread. Because i want you guys to relax, but i knowyou enjoy the comany & discussion that why your here also you dont want to miss what they are talking and its hard the next day to read through all the pages, ha ha LOL,
So am I.

Let talk about this Anchor Pairs ..anchor pairs are not static. It will appear after the settling point as i have suggested in my settling period when wheni chek my IA at that point in time, the number 1 and the 14 are the anchor pairs. So i put the numbering in my excel sheets at this moment .If i want to make a safe trade ill wait again for say 2 hours and then make an update data sort of my excell there because i previously numbered it now i can see the the Number 1 move to 2 that is my cue the the number was weaken that is the meaning the the anchor pair has moved,it would even be a stronger signal if the number 14 also move consequently. Or i have nothing to do so i stay in front of the computer screen and wait till teh anchor moves. Now this anchor pairs is relative to your particular IA it is now tha one has UCAD yours should also be uCAD. however you both start at the same time then it well be the same. And this applies to the current IA not the Long IA. Now on the issue of counter trading the UCHf against the EU that i did last week as part of the optimazation that is temporary. Not a regular trading. I do that when i am so sure about the fundamentals. Like last week we and this 700B thingy. We know that if signs shows that they approved it USD will soar meaning EU will dropped. and we know that out indicators will pick that up as Trending Short. Since the probability ratio of this EU happening(short) is higher then we go Long for UCHF. and other counter currecy too. On a regular basis it should be all LONG or SHORT all. I hope i come across this time.
Whew.. very healty discussion.. i love this real brain storming here, all ideas are welcome, never shut off any idea even how stupid it sounds...
Julius

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Quoting trader101

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Im been playing this method for about 3 months now and the return is quite good. This is a very simple method and it is all base on price action, indicator free trading and it is done manually.

First you have to open a demo account and make sure that the broker you choose have the ff. pairs (must have) in their platform:

1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF

8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD

The top seven pairs is set 1 and the bottom is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give you a good look at the pairs as weeks goes on. Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (attached) so as to maintain correct timing in opening them. Click twice the profit column of your terminal so as to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper order. All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period and all the dirt to the bottom and the clearer water at the top.

About a day or two, all the buys (if negatives) will stay below and the sell (if positives) will be at the top. Now the indication that you should watch is, ideally the bottom 7 slots should be occupied by the negatives, the first pair in the negative that crosses the boundary of positive and negatives is the pairs we are concern. If one of the negative jump to slot 8 (counting from bottom) there is also a corresponding positive that will jump to slot 7. This is the signal. We will trade those two pairs that jump out of boundary.

You should have another account where you real trading will be executed. You will trade the two pairs that jump out. If the pair that jump up is Long then trade the two breakaway pairs LONG or vice versa. I also trade the next two pairs that jump of the boundary. I limit myself to just 4 pairs being traded at one time. The profit is up to you, what I do is when the pair i'm trading retreats 2 slots then I close it.

Remember do not touch your demo account as this will serve as your indicator and keep it running all the time and just check it once in while for any jumper pair and then trade them.

On the attached terminal copy, you can see the breakaway pair USDCAD that was a few hours ago and i traded it and make some pips on it. Consequently the other pair GBPUSD also jump 1 slot down and can also be trade Long as well.

I hope i explain it well. Good Luck trading,
Trader101

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Quoting FOURX

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And you have just posted ,when dislodged by another coloured pair?

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Quoting matrixebiz

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This post #1, now has the clear rules to follow, correct?

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Quoting FOURX

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And you have just posted ,when dislodged by another coloured pair?

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Quoting trader101

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OHHHH My goodness it say >= not smaller than.. Hermes you are killing my fingers.

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Quoting Pardy

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Hi,

I think trader101 was referring to trading 2 or 4 pairs on this one, not the entire basket.

I'm watching the anchor pairs and the profit calc to understand at what point the signal can be said to change.

This is a key area of the strategy i too am not very clear about atm where basket trading is concerned. At one point, Julius has said that both anchors should move for it to be considered that direction was changing.

Perhaps, the contributor who built the logic for the profitcalc could explain too.

Regards
Pardy

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