Basket_Trade, Cavemen Can Do It

Hi Guys,

I decided to open a new threat with this amazing methods that I had learned from the Original Creator T101 and the powerful indicators programmer Orest

I 'm not a coder or programmer but I know how to put all the tools and knowledge to make this system workable.(for myself)

This is my personal Journals to keep track with my daily trade activities

Why do I do this? I just want to be interactive with other traders while I'm trading on daily basis keep me from boring , nothing related to commercial or showing off or any other reason you think of .

But if Anyone interesting in this method , I'm willing to share what I've learn

The method itself is here:
http://www.forexfactory.com/showthread.php?t=107119

Strategy can be found here
http://www.forexfactory.com/showthre...=57375&page=70

I'm more than welcome your opinion or suggestion , comments as well

The purpose of this threat is educating and exchange ideas to make this method more profitable , cuz I wanna learn more from other traders to be more successful in this forex business

I will post my revised method when I have free time

This method required a little experience about forex trading and it's impossible to make profitable EA in the long run due to market condition and each currency behaviors ,so Don't even think about it

Who would n't want to have easy money right???

If there is a real EA out there that can make u money then it's not for sale

This method is the only way to sharpen your skills to trading forex

If you're looking for quick sys like 5mins or less then this is not 4 U

If u don't have patience then , I'm sorry this is not for u

If U don't want to learn to walk before u can run then it's not 4 u

If U can't afford the Risk & Reward then it's not 4 u too

Introduction about this method.

Basket_Trade had been around for a long time, trend trading method and it's for Mid_Term & Long_Term investment...But It's just an idea without the right concept and tools how to make it work in proper way until it revised by Julius (trader_101).

To make long story short , the latest revision is design for short term traders, (Day Trade),less equity and more effectives, as you know trading is boring so we want to be in action every time market makes the moves.

There are 2 ways to trade this method:

Trade A : Basket Trades (Top 10 most profit Pairs) under Normal Market Condition

Trade B : Tandem Pairs (top 4 profit pairs) under ranging market and difficult market condition

Money Management:

Any good system or method can not go without proper money management. right


Stop Loss = 50pips for each pair

For whole basket: 10 x 50 = 500 pips Max

For Tandem Pairs: 4 x 50 = 200 pips Max

OK, How about the Profit ???? User Define how much enough is enough ....

If you have been trading this method for awhile then u know exactly the number of profit
I don't need to say it here

There are a lots of system out there required a lots of preparations + limit orders setup and blablabla
Frustration and not even sure when your order will be fill or not

Unlike that, This system is instant orders and you're in action right way,, no frustration or waiting (Quick-in & Quick -out)
so your money is not floating around the market for long period of time. you ' re in control of your capital always.

Tools: Indicators

All you need is 3 main indicators for signals, anything else just for personal aid or references
But first we have to know how to use each indicator does for your signal

LOOK AT THE SCREENSHOTS BELOW FOR FURTHER DETAILS

Daily Checklist ......... before you can do any trading

1:Get u a cup of coffee
2:Check Orest Indi for any unusual behavior of each currency pair , they don't tend stay that way everyday
3:Check Basket_indi to identify the market trend of the last 4hr til present
4:Check each currency chart to get comparison with Basket_Indicator
5:Take note which pair match & unmatch with Basket_indy (Trade only pairs that match MA + Basket_indy) this is for Tandem
6:All conditions must match before execute the basket (see - Screenshot #4 below)

Simply easy, CAVEMEN CAN DO IT

I hope, I explained the method well, but if u don't get it , u can ask. OK

Templates and indicators Setting Property ???
Open 15 mins Chart and load templates
all pairs on 15mins
do not change any setting on buysellbasket_indicators

FOR PROPER SETTING OF TEMPLATES & INDY ....SEE POST #21
I made a mistake with buysellBasket indy renamed BuySellBasket_Momentum... that's why some of u having problem with the templates..... Redownload the indicator again then you should not have any problem... both of indicators are the same just rename the file


Use this System on demo for a week then give me a feed back or u
can go live if u know what u doing

Yes, this Setup does not Earn You 10,000 pips per week, But 1000pips is EASY....if use it properly... CAVEMEN CAN DO IT....

Happy pips

I 'll post the advance features when we 're all same levels





IF you think you have a better idea or more effective system then go ahead post it . we can analyze it. you don't have to follow mine,

I hope trade_101 and Orest stop by here sometimes to give me the latest ideas and suggestions

Kevin,

I read all of the basket trading threads and I couldn't figure out how to make it work. I'll be interested in seeing how you trade this method because I know it works but.....

Good luck
Mitch

OK, here is the indicators files again
Most of u already know how to use all the files here but I still explain it again for newbies
The Tradehedgebuyall10 files are the Script to execute the basket trade> I revised these pairs with the most profit under any condition try it on demo to get the feels and give me the feed back
T101 V.14 orest is an EA
MiniAccountprotection is an EA for locking profit after you execute the trades
Closedtrades after Account loss toomuch is an EA
The rest are indicators

Cheers

How about telling us how you do.

Nice start Kevin. I am glad you take the initiative in a positive way. Keep it going bro.
gFX

Very nice, Latecomer - what this method always lacked was systematic methodological analysis. There were talented charismatic traders, programmers who helped others a lot, but unfortunately haven't became leaders who would actually created a mechanical system which I believe you will create. I think you have all the tools already at hand.

Good Luck and Namaste!

Thanx Kevin
Hope this thread not stop ... let it countinue to help us .. many many thanx for you again.

Are you going to attach the indis? They were up earlier.

And if possible can you upload templates as well?


Thanks in advance for this thread and your contributions, much appreciated.

I will , bro due to spaces available I have to remove all indicators and templates for screenshots ,but i will reload it later on

I want to organize the thread first
so ppl can understand the method

Thanks


Patience

Thanks Latecomer for opening this new thread and i hope it lasts. I am looking forward to contributing on this thread unlike the old ones where i was on the sidelines learning and seeing how different people trade this great strategy given to us by T101.

Dear Orest

Thanks for your supports , I try the best I can, if u see any need to be change or modify pls let me know or share with us

Thanks

Hey kevin, great to see you starting the thread to systematically work this strategy. All I hope is all of us will now stop working on techniques to implement the strategy than become indicator collectors

I will do my best to post trades and charts here so that everyone can point out my mistakes lol

Well done Kevin,

For those using iBfx miniaccounts, don't forget to use mBasketIndicator[1] insted or BasketIndicator. Settings are 10 and 5 for the Per.

I can post a modified version of the buyORsell10 scripts for Ibfx mini if someone needs it.

Kevin could you please confirm the settings your are using for the BuySellBasketTotalv2 ? I understood Look_back=4 for Tf 15 min is that correct ?
For any stupid reason, I couldn't use your templates.

It would be nice to mention the settings in your first post and update them at this place when we will be fine tuning the system. Just my two cents....

Ditto what abbeylad said. From following silently in the sidelines and trying to make Julius' wonderful method work, I hope to continue to learn to fine-tune my trading and join in and contribute to this thread. Bravo!

Sigal

Kevin, thanx for opening the journal. Now we can learn together how to make the method even more efficient and mechanical than it is now, although I am really happy with what I have already. However, practice makes perfect...

Peter

I am quite comfortable with lookback settings = 16 for buysellbasket...I think they represent 4H trend.

Peter

hi..latecomer..thank you for doing this !! GOD bless you, my friend !

hi, nice system to learn for me...can somebody tell me why my chart is different from the first page? pleaseee

November 30,2008,

Dear Kevin,

I would like to see traders discuss the rationale behind this strategy.

Thanks a lot.
Regards
[email protected]

Kevin,
Thank you for starting a new thread with this information.

I've been trying to use your templates but I couldn't get some of the indicators to come up with them. So I used MetaEditor to open them and see what is suppose to be there. I noticed the "basket_indi and buysellbasket template.tpl" has the "BuySellBasketTotalv2.mq4" renamed as "BuySellBasketMomentum". I had to change my indicator name to that in order for it to show up on the chart.

Also its TF is set to 15 and Look back is 4, but on your chart picture you say the setup is lookback 16 and 4hr...so are we suppose to leave it as TF 15 and lookback 4 or change it to TF 240 and lookback 16?

Thanks,

Ed