Basket Trading

I have been trading for a few years and thought i will share some of my insight. (All credit to Trader 101)

I am a basket trader, meaning i trade anything up to 14 pairs at a time. If 1 pair moves up it is inevetable that at least 10 pairs are also moving up.
Read T101 thread for more info.

The Basket has evolved into an Offline Chart that means you can look at the 14 pairs on a single Offline chart.(The sum of ) Or 8 pairs as i prefer to trade with. I am having huge success with this method on 8 pairs (Live)
Most people say to follow the GBPJPY but all i follow is the EURUSD with great results. You can select 2 pairs, 3 Pairs or whatevever tickles your fancy.

READ PAGE 2 TO SEE HOW I AM CURRENTLY TRADING THIS SYSTEM.
THE OFFLINE INDICATOR CAN BE FOUND 2 POSTS DOWN.

Regards George

Thanks! I subscribe

Right, here is the Offline Indicator.

Selact 8 for 8 pairs or 14 for 14 pairs or go into MetaEditor & select your pairs from the "Case files'.

Hello GVC,

thanks for the indi. Now how are you using it to take trades ? I think the indi is similar to brijon's offline chart basket indi isn't ?
Are you using it for trend detection ?

This indi was available for a couple of months before it was brought to this Forum. No disrespect to Brijon. The Russians have been running with this for quite a while now. ( And i was also using it for awhile)

I have not read his thread, except from him responding to T101, when he was still giving classes somewhere.

Regards
George

This is part my trading strategy!

Regards

Can you post the link to the T101 Thread..I searched it on FF and they are so many results..Which Thread do I need to start with..Thanks for your contribution and thoughts on this thread..

Jimmy

I think it is under commercial Beta.
(Or maybe in the Sin Bin)

Regards
George

hey GVC,

I am not able to understand what strategy you are using. please post any details

My Friend

I am using Trend and Reversals for my trades.

The Fundamentals do play a large part of my trading, but if we are in a staunch uptrend then i will not play against it.

If I feel that the news is negative against e.g. USD then i will definately not buy into that currency.

I only Buy/Sell when it is almost certain that i will score.

I have sat with Open Trades in the negative for 6+ days, but there is normally a respite where you can close them at Breakeven or for a minimul loss.

Regards

Here: http://www.forexfactory.com/showthread.php?t=107119

Thanks GVC for opening this thread to keep the T101 System Alive... Maybe it is just me but im still not into baskets (14 or 8 pairs). I really love doing the jumping pairs. The movements of pairs really make it easy to identify which one of the pairs is the best to trade.

Also the monitoring of group of pairs (e.g. EUR, GBP, Yen, USD or CHF or NZD or AUD) and then fitting the weakest and the strongest also make the jumping pair trade really easy.

Joven

What is the reason you have made this new thread? Is it just a continuation of T101's thread? Or will you eventually reveal a system, since this is the "Trading Systems" forum.

Thanks GVC. Subscribed.

Dkny, Thanks for posting the link.
I looked for it last night but could not find it.LOL

Dreamliner,
A couple of mates have been hounding me for a while to start this thread, so last night with a couple of Brandy's & a bit of Dutch courage I decided to go for it.

The thing is that this system is just too good for it to be done & dusted.
I owe my good fortune to this Forum, so I think that it is only fair that I repay it by imparting my bit of knowledge with the community.

Regards

Well great to see you started this thread....

What's the strategy? Where are we going with all this?

We know you have great success with the system (for how long?)
We know its a basket method
What's next? Inquiring minds want to know! LOL!

Thanks again GVC...

P.S. How does this differe from Trader's basket system?

Open 4 GBPJPY charts. M5,M15,M30 and H1.(We use the GBPJPY as they are one of the fastest moving pairs and therefore updates the Offline charts more rapidly)

Place the T101_Indi... on all 4 charts. You will get a green "##T101##,M5-Running" at the bottom right side of your screen.

Leave the settings as is. The "basket" is set to 8 pairs by default.
The pairs represented are: GBPUSD,EURUSD,AUDUSD,NZDUSD,GBPJPY,EURJPY,AUDJPY & NZDJPY.

Select File > Open Offline and open the ##T101## M5,M15,M30 and H1.

N.B. If you switch off your PC and restart it later on then you will have some missing candles, dont panic just reload the T101_Indi... and then it will update the Offline chart.

Load the StochCandles_Don Indi on all four Offline charts & the Sidus_V3 Indi on the H1 chart. Also leave the settings on these Indis as is.
(You can place any indicators on the Offline charts)

If the Trend Lines cross on the H1, check that the M5 is in agreement and that the EURUSD H1 is also moving in the same direction.

I have attached the Indicators as well as the TradeHedgeBuy-8Pair and the TradeHedgeSell_8Pair which are the scripts used to open the 8 pair trades.

I use the EmergencyClose All script to close my trades

Please practice on Demo first.

Regards

Hey gvc,

Thanks for the strategy. I have some questions if you don't mind...

If I understand this strategy correct, 8 pairs are summed together to form one chart that represents all 8 curreny pairs? If I'm right what is the purpose of this? I still see the exact same problems (whipsaws, retraces etc) on the chart, it looks exactly like a normal chart. How is our chances os success improved with this method?

What is the difference between trading a single instrument, compared to trading the sum of 8 instruments?

Great, thanks for opening the thread. I think people are going to want to see a system here, not just wisdom, as this is the system thread. Unless you are merely copying T101's thread.

I've tried basketball, but why always failed,

Saidar,
Yes the chart behaves like a normal chart. The only real difference is that we are trading 8 pairs and if we are only taking say 10 pips per pair, then it will give us approx: 80 pips in a very short time. Of course it also means that you can lose 80 pips just as quick. I recommend that traders start with the smallest Lot possible until they have come to grips with the system.

Dreamliner,
This system is a T101 system. So yes you can say that it is a continuation of the T101 thread.

Regards