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Basket trend trading

  • #1
  • First Post: Edited May 5, 2011 1:12am May 4, 2011 9:04pm | Edited May 5, 2011 1:12am
Basket Trend trading



Here is a trading system I've been working on since yesterday:

I take a currency pair and I try to establish the major trend. I will use Heiken Ashi for this purpose. I look at the monthly, weekly and daily charts and if all these are up I place the trade. I take the next currency pair and so on. The rules for basket entries and exits has yet to be established.
Here is an example of entry for one pair:
MONTHLY CHART
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WEEKLY CHART
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DAILY CHART
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I use the balance indicator to show me how the basket is going:
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That you can find it here:
Attached File(s)
File Type: mq4 Bal_Eq_Ind_v1.1.mq4   8 KB | 974 downloads

Trade results from yesterday in pips for each trade and $$$ for basket:
Attached Image (click to enlarge)
Click to Enlarge Name: b5.png Size: 30 KB

Template I use:
Attached File(s)
File Type: tpl Basket trend trading 1.tpl   1 KB | 848 downloads
  • #2
  • May 4, 2011 9:09pm May 4, 2011 9:09pm
I was thinking that 50 % of basket retrace might be some good place for basket entry.
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  • #3
  • May 4, 2011 11:05pm May 4, 2011 11:05pm
How did you pick the currencies for your basket?
Which ones to BUY & SELL ?

Thanks
  • #4
  • May 4, 2011 11:07pm May 4, 2011 11:07pm
Hi Constin, I know it's early days, but your system screams logical to me.

Just opened these positions an hour or so ago,

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Pete
  • #5
  • May 4, 2011 11:12pm May 4, 2011 11:12pm
Quoting pedross
Hi Constin, I know it's early days, but your system screams logical to me.

Just opened these positions an hour or so ago,

Attachment

Pete
Thanks Pedross. You are right, we'll see it in the long run.
  • #6
  • May 4, 2011 11:14pm May 4, 2011 11:14pm
Quoting celestin2003
How did you pick the currencies for your basket?
Which ones to BUY & SELL ?

Thanks
Anyones that are up on the 3 major TFs, unless you can find some better rules.
  • #7
  • May 4, 2011 11:22pm May 4, 2011 11:22pm
We are the hottest so far. Hopefully we'll be for the years to come.
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  • #8
  • May 4, 2011 11:47pm May 4, 2011 11:47pm
Will be nice when posting results to post the balance in pips and graph. Also with the daily period separators will give us some idea along the time how the basket is moving:
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  • #9
  • May 4, 2011 11:57pm May 4, 2011 11:57pm
Hi C, having hassles with the balance indicator, I'm clued in with MT4, but I just get a blank black indi window.

Any ideas?
  • #10
  • May 5, 2011 12:03am May 5, 2011 12:03am
Quoting pedross
Hi C, having hassles with the balance indicator, I'm clued in with MT4, but I just get a blank black indi window.

Any ideas?
Hey Pedross, Try to go on smaller "time frames" after you have the "indi" on.
  • #11
  • May 5, 2011 12:06am May 5, 2011 12:06am
Quoting constin
Hey Pedross, Try to go on smaller "time frames" after you have the "indi" on.
Works a charm (5 mins), excellent!!!

Many thanks
  • #12
  • May 5, 2011 12:06am May 5, 2011 12:06am
I added some levels to the balance indicator:
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  • #13
  • May 5, 2011 12:09am May 5, 2011 12:09am
Quoting pedross
Works a charm (5 mins), excellent!!!

Many thanks
You are welcome.
  • #14
  • May 5, 2011 2:05am May 5, 2011 2:05am
Attached Image
  • #15
  • May 5, 2011 2:19am May 5, 2011 2:19am
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  • #16
  • May 5, 2011 2:36am May 5, 2011 2:36am
When to take profit is a very fine question...

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  • #17
  • Edited 3:15am May 5, 2011 2:54am | Edited 3:15am
Aha.....
Basket Trade again.....
Long time no touch on this basket type.....

Been browsing a day and i got tired and found this thread.....
I decided to open again my blackbox and would like to give raw idea bout this trading that i have tried months ago.....

The Picture show you more than words :


http://i600.photobucket.com/albums/t...veTriangle.jpg

http://i600.photobucket.com/albums/t...Bestshot-1.jpg

http://i600.photobucket.com/albums/t...estshot2-1.jpg

This is the logics developed by my friend finimej :
Simply Fibonacci Line and Wave Count.....

http://i600.photobucket.com/albums/t...101chart13.gif
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #18
  • May 5, 2011 2:57am May 5, 2011 2:57am
Quoting pedross
When to take profit is a very fine question...

Attachment
Holy Pedross, your little basket flies higher then mine
I guess we'll have to find out with the time.
With the time we'll have to develop a basket trailing stop.
The same on your graph 50 % basket retrace looks a good place to enter.
The good thing is that we are trading higher TFs and these trades could run for long time.
  • #19
  • May 5, 2011 3:10am May 5, 2011 3:10am
interesting idea... i`m in looking to forward test
  • #20
  • May 5, 2011 3:23am May 5, 2011 3:23am
Quoting RoelsMajor
Aha.....
Basket Trade again.....
Long time no touch on this basket type.....

Been browsing a day and i got tired and found this thread.....
I decided to open again my blackbox and would like to give raw idea bout this trading that i have tried months ago.....

The Picture show you more than words :


http://i600.photobucket.com/albums/t...veTriangle.jpg

http://i600.photobucket.com/albums/t...Bestshot-1.jpg

http://i600.photobucket.com/albums/t...estshot2-1.jpg

This...
Hey RoelsMajor,
Is your method based on Trader101 14 pairs correlation style?
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