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Basket trend trading

  • #21
  • May 5, 2011 3:28am May 5, 2011 3:28am
Quoting constin
Hey RoelsMajor,
Is your method based on Trader101 14 pairs correlation style?
Hey Constin.....
The answers is Yes.
This is not my method nor my trading system.....this is just a raw idea that i have been tried....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #22
  • May 5, 2011 3:29am May 5, 2011 3:29am
Quoting constin
I was thinking that 50 % of basket retrace might be some good place for basket entry.
Attachment

hi, could you post the heiken ashi indicator? Thanks
In other news: A ranger was trapped between a bull and a bear
  • #23
  • May 5, 2011 3:43am May 5, 2011 3:43am
Quoting Lodge
interesting idea... i`m in looking to forward test
Thanks, and welcome to the Basket trend trading.
  • #24
  • May 5, 2011 4:00am May 5, 2011 4:00am
I am looking at EURCHF with some nice smooth Heiken Ashi candles, without much volatility.
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In my idea that will make a nice down trend to add to the basket.
  • #25
  • May 5, 2011 4:19am May 5, 2011 4:19am
We have two options as I see it C,

1) If in profit (and I find it would be difficult not to be if we follow the rules accurately), let it run until daily or weekly or monthly (which one?) tell us otherwise.

2) Close all positions after a set percentage of profit or at the end of the day, then rinse and repeat.

Any ideas gents?
  • #26
  • May 5, 2011 6:10am May 5, 2011 6:10am
Quoting pedross
We have two options as I see it C,

1) If in profit (and I find it would be difficult not to be if we follow the rules accurately), let it run until daily or weekly or monthly (which one?) tell us otherwise.

2) Close all positions after a set percentage of profit or at the end of the day, then rinse and repeat.

Any ideas gents?
Constin,

Thank you for sharing your system. To improve equity, I was thinking of suggesting sending 2 trades at a time (user option to send the 2 trade). This will allow you to close the other one and let the other run.

Thanks,

Edd
  • #27
  • May 5, 2011 6:59am May 5, 2011 6:59am
Hmm I don't quiet understand what is beneficial with 'basket trading' instead of finding just one fitting currency pair and trading a larger lot with it. Maybe someone can clear that up for me?

But it is inspiring nonetheless seeing you turn so many trades into profit
  • #28
  • May 5, 2011 9:01am May 5, 2011 9:01am
What happened to the Euro? The US unemployment claims should have sent the EU north!
  • #29
  • May 5, 2011 7:53pm May 5, 2011 7:53pm
Quoting pedross
What happened to the Euro? The US unemployment claims should have sent the EU north!
Hi Pedross,
Português ??

About your question, what happened was the drop in commodity prices that sent the euro down.
  • #30
  • May 6, 2011 12:39am May 6, 2011 12:39am
Quoting papasierra
Hi Pedross,
Português ??

About your question, what happened was the drop in commodity prices that sent the euro down.
The currency move has nothing to do with the fundamental.....it just the matter zero sum game.....so who is your prime minister? I would like to choose Georgy Soros....
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #31
  • May 6, 2011 11:39am May 6, 2011 11:39am
Do you have any idea on how long you will hold the trades?

You only look down to the daily charts so that means the 4 and 1 hour charts can go against you for 2 whole days without the daily chart changing. That would be very annoying for me so I think I will be using the 4 hour too and getting out if it changes. But of course I'll only go into the trade if the larger time frames match.

Now I'm just looking for good indicators.
  • #32
  • Edited 2:20pm May 6, 2011 1:46pm | Edited 2:20pm
Sorry for not posting but I am in the field at work and the main internet booster broke down and till it gets fixed my internet will be slow or no internet.

Constin

I've got broadband internet at home and wireless internet stick at work and still short of internet. I am planning to also get satellite internet, lol.
I hope that will help.
  • #33
  • May 6, 2011 2:00pm May 6, 2011 2:00pm
Quoting digiff
hi, could you post the heiken ashi indicator? Thanks
Attached File(s)
File Type: ex4 Synergy_APB.ex4   4 KB | 339 downloads

Like Heiken Ashi. Use it with the template from the first post.
  • #34
  • May 6, 2011 2:05pm May 6, 2011 2:05pm
Quoting iffex
Hmm I don't quiet understand what is beneficial with 'basket trading' instead of finding just one fitting currency pair and trading a larger lot with it. Maybe someone can clear that up for me?

But it is inspiring nonetheless seeing you turn so many trades into profit
It's an advantage to trade with the major trends. More trends, more advantage.
  • #35
  • May 6, 2011 2:14pm May 6, 2011 2:14pm
Quoting iffex
Do you have any idea on how long you will hold the trades?

You only look down to the daily charts so that means the 4 and 1 hour charts can go against you for 2 whole days without the daily chart changing. That would be very annoying for me so I think I will be using the 4 hour too and getting out if it changes. But of course I'll only go into the trade if the larger time frames match.

Now I'm just looking for good indicators.
We'll have to find out yet.
Small trends could reverse quicker. Major trends will persist longer their way before reversing.
  • #36
  • May 6, 2011 2:35pm May 6, 2011 2:35pm
Quoting constin
It's an advantage to trade with the major trends. More trends, more advantage.
Hi Costin,

Before you initiate your basket trades, which pair(s) do you watch for when determining the major trend? Do you check all your pairs traded to see this? How do you determine when to open the basket? (If they all align or if most align?) Or, have you found that certain pair(s) tend to lead so you just focus on them?

How many pairs are in your basket and do you use a script to open and close them?

Thanks,
Stimuls
  • #37
  • May 6, 2011 2:52pm May 6, 2011 2:52pm
Sorry for my English but I didn't understand the stop loss take profit rules. Could you explain it please??
  • #38
  • May 6, 2011 3:08pm May 6, 2011 3:08pm
Quoting stimuls
Hi Costin,

Before you initiate your basket trades, which pair(s) do you watch for when determining the major trend? Do you check all your pairs traded to see this? How do you determine when to open the basket? (If they all align or if most align?) Or, have you found that certain pair(s) tend to lead so you just focus on them?

How many pairs are in your basket and do you use a script to open and close them?

Thanks,
Stimuls
Hi Costin,

After re-reading your 1st post you check each pair for the trend and treat all you open trades as a basket. The term basket confused me and I thought it was a set combination. Correct me if I'm wrong.

Thanks
  • #39
  • May 6, 2011 3:15pm May 6, 2011 3:15pm
This method has nothing to do with "basket" trading. Normally with basket trading you have some kind of hedging built in ... what you are doing is just trend trading based on HA candles on higher TF when aligned with lower TF. This msthod is good way to trade with the trend, but really has no implication of basket trading. You are looking at trending pairs and you hold them for a long time. All you are doing is increasing your exposure and thereby increasing your risk y trading more pairs than one. For eample, if you you trade long EurUsd and short UsdChf then that is like doubling your risk on eurusd or usdchf (cuz they are so inversely-correlated), same goes for gbpjy and eurjp, etc.

I think the name of your thread is misleading.

Good luck with your method and I wish you guys many green pips.
  • #40
  • May 8, 2011 2:25am May 8, 2011 2:25am
Quoting constin
Sorry for not posting but I am in the field at work and the main internet booster broke down and till it gets fixed my internet will be slow or no internet.

Constin

I've got broadband internet at home and wireless internet stick at work and still short of internet. I am planning to also get satellite internet, lol.
I hope that will help.
I eventually got the internet temporarily boosted till i have the time to find something better. All I hat to do is place the internet stick in a stove pot and point it to the work antenna. It's funny but it works
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