Basket Trading | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading 8 Forex Pairs - Fully Automatic - Basket Trading 7 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Currency Basket and Carry Trading 51 replies

Attachments: Basket Trading
Exit Attachments

Basket Trading

  • #121
  • Apr 8, 2011 6:41am Apr 8, 2011 6:41am
Quoting idash
Thank you gvc, what I'm looking for is sort of like the 'rubberband' book in the excel file. I've definitely seen variations of this spreadsheet all over the place.
I couldn't get the spreadsheet to work myself. It just froze my excel.

On the positive side, I have been trying things out and I definitely see some potential. I'd like to start getting into jumping pairs like DKNY too.
  • #122
  • Apr 8, 2011 7:40am Apr 8, 2011 7:40am
idash, thanks for uploading those scripts and files.

I noticed that there are a couple of errors in them and thought I would point them out in case it causes anyone else problems.

In the #BUY and #SELL scripts, when setting the price, the MODE_BID & ASK are the wrong way around.

Also, in the close-all, the SHORT and LONG BID/ASK are the wrong way around.

Regards, Paul.
  • #123
  • Apr 8, 2011 8:36am Apr 8, 2011 8:36am
Interesting...seems to follow the laws of supply and demand zones.

http://i55.tinypic.com/2luyxyt.gif

I am up 700ish pips since I started trading yesterday evening.
  • #124
  • Apr 8, 2011 1:17pm Apr 8, 2011 1:17pm
Hey Newark18

What is the basis for Supply & Demand. Is it the same as volume?

I read somewhere that one of the best indications for a False Breakout is low volume.

DKNY, Your Jumping Pair system rocks. I use the Currency Meter on the Excel as a visual aid. I take a trade as soon as the pair has moved up or down by 3 positions. If it retraces by 2 positions I close the trade. If I cant be in front of my pc I set a Trailing Stop of between 20 & 50 pips from BE depending on the speed of the movement.

Regards
  • #125
  • Apr 8, 2011 3:00pm Apr 8, 2011 3:00pm
Can we go a little more into jumping pairs? GVC, can you be more specific as to the tools you use and how you use them? DKNY, anything that you can share would be very helpful.

supply and demand zones cannot be covered in one post. But here are the basics, when there is a period of consolidation (i.e., bulls and bears fighting in a close range) and there is a breakout north from that consolidation then that is considered a demand zone since buyers exceeded sellers enough to create an imbalance.

For instance in this chart:

http://i53.tinypic.com/28j8jt2.gif

Price was moving down very slowly and I was watching each zone (marked in yellow) as price came down. At some point, there will be a big imbalance which is seen in the biggish bull candle after it hit the last yellow zone. That is a sign for me that price wants to continue on its upward trend (that it has been following for the past few days).

You can wait for retracement and enter or just enter where it is. In this case, there was a small retracement and then a much bigger pop. I am already in and I am waiting to add more lots to my initial entry.

Much more to supply and demand than this. But so far, I feel that it is easier to trade supply and demand with baskets than with just one pair. It also forces me to focus on one chart rather than the other 20 pairs that I usually scan through.

Any questions?
  • #126
  • Apr 8, 2011 3:15pm Apr 8, 2011 3:15pm
I am trying to create different sets of MPTM to use in certain situations but it doesn't seem to work for me. I am attaching so that maybe someone could help me with the settings (please?). I'm sure other people can benefit from this as well.

I am trying to create one that will set basket's SL to BE and one that will set TP to BE (if in a loss).

Can someone look at what I did and see if I need to change some settings? I would appreciate it. Thanks.
Attached File(s)
File Type: mq4 MPTM BE.mq4   100 KB | 478 downloads
File Type: mq4 MPTM TP to BE.mq4   100 KB | 510 downloads
  • #127
  • Apr 8, 2011 3:23pm Apr 8, 2011 3:23pm
This is my BTS work for the past two days. I think I like it.

http://www.mt4i.com/users/mybts/stats
  • #128
  • Apr 8, 2011 4:07pm Apr 8, 2011 4:07pm
Quoting Gvc
I have not received the updated CsvExport EA yet, basically the mods that I wanted was, if you place the Ea on a chart then it must dump data immediately, but as it is, it is waiting for the bar to close. (I can make mine dump immediately by fiddling in the code but this is only a quick fix.)

Getting the spreadsheet to work:

1) Save the spreadsheet under a new name i.e. T101 TradeStation_v1_Template. That way you can fiddle with the original as much as you want without worrying about doing irrepairable damage.

2) Open your MT4 and go to...
Thanks GVC, I will try this out later. Also, let me know if you have any questions on supply and demand zones (I am not an expert but it seems like you don't need to be in order to trade these zones with baskets).
  • #129
  • Apr 8, 2011 6:37pm Apr 8, 2011 6:37pm
Hey Pah, I've attached revised versions of the Buy/Sell13 scripts. Check to see if that's what you meant by the BID/ASK are the wrong way.

Btw, I'm not a coder at all lol, so I just made simple corrections.

However, you open a buy, you buy at the Ask price. You sell at the bid price. That's what the original buy/sell scripts were set at. So just check the revised scripts and see if they're correct.

ps. I'm not sure how to edit the closeall for you. The simple coding is beyond me lol

Quoting pah
idash, thanks for uploading those scripts and files.

I noticed that there are a couple of errors in them and thought I would point them out in case it causes anyone else problems.

In the #BUY and #SELL scripts, when setting the price, the MODE_BID & ASK are the wrong way around.

Also, in the close-all, the SHORT and LONG BID/ASK are the wrong way around.

Regards, Paul.
Attached File(s)
File Type: mq4 Buy13_Pah.mq4   2 KB | 427 downloads
File Type: mq4 Sell13_Pah.mq4   2 KB | 449 downloads
  • #130
  • Apr 9, 2011 6:33am Apr 9, 2011 6:33am
Hi All

Had another succesfull week using gvc's method, thanks to all who have contributed so far.

On a different note, have any of you managed to trade from an android phone?

Ive found a free application that works off android, apple etc called Trade interceptors, looks really good.

The interesting thing is that it allows various currencys from the broker feed to be fed to an excell spreadsheet. As im technically challenged at this stuff can someone take a look to see whether we can get gvc's method working from a mobile,it would be great to keep an eye on things when on the move.

Im going to try and get this working but any help most welcome.

M.
  • #131
  • Apr 10, 2011 5:24pm Apr 10, 2011 5:24pm
How do you set this up with the 8 pairs and offline charts?


Quoting Gvc
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'.
  • #132
  • Apr 10, 2011 6:33pm Apr 10, 2011 6:33pm
GVC: Question....

I know you've been playing 1Hr...but on 4hr, the EURUSD has been trending pretty strongly...it also appears that Sidus trends quite well....as such, since you are following EURUSD as the lead pair, why would you exit trades at Pivots if you know the trend strength is strong and as such, wouldn't you want to milk the trend until it ends?

In one of your earlier posts, you said you go in and out rather quickly of trades....just curious from a standpoint of maximizing the moves...
  • #133
  • Apr 10, 2011 6:49pm Apr 10, 2011 6:49pm
When setting up the T101 dashboard, what date do you use as the open date? It seems like this may be important.
  • #134
  • Apr 10, 2011 9:27pm Apr 10, 2011 9:27pm
I am still trading baskets using supply and demand zones while I work out how to trade using the indicators and jumping pairs.

Here is my last trade. I made around 200ish pips.

http://i52.tinypic.com/se6jw6.gif

I am now out at the x mark. And I am waiting for a short at the upper yellow zone after PA confirmation.
  • #135
  • Apr 10, 2011 9:55pm Apr 10, 2011 9:55pm
Open date for weekly (example for this week): 2011.04.10 22:00 (I believe that's when brokers start on sunday afternoon 5 pm EST)

for daily: leave it blank.

Quoting newark18
When setting up the T101 dashboard, what date do you use as the open date? It seems like this may be important.
  • #136
  • Apr 10, 2011 10:00pm Apr 10, 2011 10:00pm
I caught the initial up trend and also the big down trend. I've made about 300 pips tonight, but that's excluding all the spreads from re-entering the basket 3-4 times. I'm experimenting with the mptm, and the main problem I seem to have is when the basket is retracing. It almost always takes out the basket when I have partial profits locked. Trail percentage is at 75% once basket hits 100$.

Sometimes I think that if I focus on long term, I can just enter the basket with a higher Trail start and leave the computer screen. I don't want to keep on re-entering the basket once the retrace takes me out. Having the basket to regain all those spreads is detrimental to profits.

I'm kind of lost of this one, if anyone can share their money management settings there, thank you.


Quoting newark18
I am still trading baskets using supply and demand zones while I work out how to trade using the indicators and jumping pairs.

Here is my last trade. I made around 200ish pips.

http://i52.tinypic.com/se6jw6.gif

I am now out at the x mark. And I am waiting for a short at the upper yellow zone after PA confirmation.
  • #137
  • Apr 10, 2011 10:17pm Apr 10, 2011 10:17pm
Quoting idash
Hey Pah, I've attached revised versions of the Buy/Sell13 scripts. Check to see if that's what you meant by the BID/ASK are the wrong way.

Btw, I'm not a coder at all lol, so I just made simple corrections.

However, you open a buy, you buy at the Ask price. You sell at the bid price. That's what the original buy/sell scripts were set at. So just check the revised scripts and see if they're correct.

ps. I'm not sure how to edit the closeall for you. The simple coding is beyond me lol
Thanks idash.

As you say, buy at the ask. Except the scripts are opening OP_BUYs using MODE_BID and the one sell is using MODE_ASK.

I stand to be corrected by anyone of course. Although I can code I am a newbie to forex.

Regards, Paul.

I have fixed mine here (I think) but mentioned it in case anyone else ran into errors and didn't get all the trades opened for every pair.
  • #138
  • Apr 10, 2011 10:45pm Apr 10, 2011 10:45pm
Idash,

I have several different MPTMs depending on the situation. For instance, I have one that starts 75% trail after $500 gain. I have one at 50% and 90% as well. I also have one with just an SL. And I use others as well. This is so that I throw one on a chart depending on the situation.
  • #139
  • Apr 10, 2011 11:38pm Apr 10, 2011 11:38pm
I messed something up on my charts and they all look weird. I actually tried to log into my live acct using the BTS demo profile that I have been using for practice. I am guessing it has to do with a lack of history. I downloaded all the pairs but I am still getting some weird charts. Any ideas?
  • #140
  • Apr 11, 2011 1:53am Apr 11, 2011 1:53am
heya newark,
are you manually drawing those supply and demand zones, are are you using an indicator for that?
1 trader viewing now