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Still Basketting

  • #261
  • Oct 28, 2012 4:56pm Oct 28, 2012 4:56pm
Hey kos,
Just to confirm the 2ProtectAccount[4a]micro001 is equity based right? So if I do 0.01 lots instead of 0.1 my stop would be 56 not 560 am I correct?

Thanks
  • #262
  • Oct 28, 2012 5:12pm Oct 28, 2012 5:12pm
Can someone tell me how VQzz2 indicator used for entry?
Follow me to the Promised Land
  • #263
  • Oct 28, 2012 5:20pm Oct 28, 2012 5:20pm
is there a possibility to make an offline chart with the core 5 pairs?
NZDUSD
GBPUSD
EURJPY
AUDJPY
GBPJPY

T101 referred to these pairs in his class as the secret and soul of the BTS
  • #264
  • Oct 28, 2012 6:20pm Oct 28, 2012 6:20pm
Took the 5M re-entry. Hopefully it will continue down for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: 5M_re-entry_kos_basket.png Size: 120 KB
  • #265
  • Oct 28, 2012 6:41pm Oct 28, 2012 6:41pm
Quoting BashBrothers
is there a possibility to make an offline chart with the core 5 pairs?
NZDUSD
GBPUSD
EURJPY
AUDJPY
GBPJPY

T101 referred to these pairs in his class as the secret and soul of the BTS
Goto basket6 indi and set numberofpair to 6 give what you want but it adds AU

you could go in and edit the code in basket6 and get rid of au not sure how hard it could be
  • #266
  • Oct 28, 2012 8:40pm Oct 28, 2012 8:40pm
Hi all, why I can not found #kos#14 on offline chart? What I missed some setting?

Attached Image
  • #267
  • Oct 28, 2012 10:28pm Oct 28, 2012 10:28pm
Quoting SCopier
Hi all, why I can not found #kos#14 on offline chart? What I missed some setting?

Attachment
Kos unstruction:

CREATE OFFLINE CHART

open any chart for the TF you want to create
drag the basket v6 indicator onto that chart
enter the TF e.g 15 in the TF input point
click ok

come to the main menu of mt4
click on file-> open offline
you will find #kos#14 15 as one of the pairs
double click on it and it will open as one of
your charts

NOTE: if your history is not correct the chart
may look jumbled, close mt4 and reopen, it
should look correct if still not then you will
need an indicator that forces history download
to update your history.

NOTE: Also you must ensure that the 14 pairs
are all in your marketwatch window or just right
click on the market watch window and click SHOW ALL.
Then later you can decide to HIDE ALL.

Apply the template on that new 15min offline chart
Thats all.

For the VQ 1hr to work on your 15min chart you have
to make sure the 60 min offline chart is open too
that means you repeat the step above for a 60min
offline chart. else the VQ will not show up on 15min chart


p.s. don't close the chart with the indicator BasketV6
  • #268
  • Oct 28, 2012 10:32pm Oct 28, 2012 10:32pm
Hi Kos,

great idea you have here, thanks for sharing....
I have subscribed to this thread
Failure leads to Success if one learns from mistakes and never give up
  • #269
  • Oct 28, 2012 10:39pm Oct 28, 2012 10:39pm
Quoting SCopier
Hi all, why I can not found #kos#14 on offline chart? What I missed some setting?

Attachment
I found mine at top of list. It looks like you are scrolled down to bottom.

Hope that's it.

Rando
  • #270
  • Oct 28, 2012 10:40pm Oct 28, 2012 10:40pm
Quoting xlitang
So you only use HAS color to pull your trigger? How about VQzz? what do you use VQzz for?
Hi xlitanG!
The two of them together save a lot of small loses. VQ is faster but I wait for HAS and when the 2 are in agreement then am good to go.

VQ is looking at 1hr TF cos I want to be sure 15min and 1hr are same direction. if you understand how mtf indicators work you'll know that you have to wait for barclose of 1hr, which would be 4vq bars on 15min TF. so for E.G. at the close of 4th red vq bar if HAS is red and closed, SELL. Exit at the reversal.

KOS
John 3:16 - From THIS love no power on earth can me sever.
  • #271
  • Oct 28, 2012 10:41pm Oct 28, 2012 10:41pm
Quoting ananthhh
Hi kos,

I have made a small indicator.
It will show an arrow on each entry. This should be attached with the offline chart.
I am planning to add alert in future, which can be either email alert or sound alert.
If you confirm that the arrows are showing up in the correct place, then i will proceed with adding alerts.

Waiting.
ananthhh, I greet you!
welcome and thank you for quickly making your skills useful to us here

KOS
John 3:16 - From THIS love no power on earth can me sever.
  • #272
  • Oct 28, 2012 10:43pm Oct 28, 2012 10:43pm
Quoting MPP
0.1 lots on a usd account is approx $1 per pip average accross the basket, if using a different account, you need to do a pip count on set of closed trades to get the average

the problem with baskets and pip/$ profit/lose - is that each pair has it's own value and depending on which pairs lead to the close of the trade the number of pips can vary if using a $ stop or tp or if using a pip count stop/tp then the $ value will change

but generally the $1/pip has worked fine for me
MPP, I greet you!
I am delighted to see another active basket trader also, thanks for answering the questions of others, we retail traders need to pull together our resources to tackle this monster. Therefore, Please don't hold back any knowledge that could benefit us on the thread, we are open to learning.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #273
  • Oct 28, 2012 10:44pm Oct 28, 2012 10:44pm
Quoting MPP
Offline charts can't run EA's, the best option is to recode the indi's to hold all the currency info and then have the EA run on a normal chart but use the correct 14 pair data

so each of the indi's would need to collect and calculate the combined value of all pairs
@ MPP

You can send simulated tick to offline chart with this win32 function

RegisterWindowMessageA("MetaTrader4_Internal_Message");

the EA will pick the tick and work with it on an offline charts as if it is sitting on the normal charts. Where someone's knowledge ends there another person's knowledge starts.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #274
  • Oct 28, 2012 10:46pm Oct 28, 2012 10:46pm
Quoting dvanderlinde
Hey kos,
Just to confirm the 2ProtectAccount[4a]micro001 is equity based right? So if I do 0.01 lots instead of 0.1 my stop would be 56 not 560 am I correct?

Thanks
yes sir!

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #275
  • Oct 28, 2012 10:48pm Oct 28, 2012 10:48pm
Quoting BashBrothers
is there a possibility to make an offline chart with the core 5 pairs?
NZDUSD
GBPUSD
EURJPY
AUDJPY
GBPJPY

T101 referred to these pairs in his class as the secret and soul of the BTS
@ BashBrothers

I welcome you too another basket trader, don't just pick the tools and disappear, let us benefit from your experience, could you explain a bit more on the core 5 and lets know your experience with them over the 14 universal pairs hope to hear more from you.

yes you can make offline chart of any combination of pairs you want with the basketv6 indicator.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #276
  • Oct 28, 2012 10:55pm Oct 28, 2012 10:55pm
Quoting MPP
Has anyone analyse the results of trading the 14 pairs.

just for your info:-

I removed both Uchf and Egbp from my offline charts, the sometimes and sometimes not correlation creates a false feed into the charts, this was confrimed by Julius some years ago.

I also stopped trading both pairs along with Gchf as they failed to generate profit over an 18month period and run it loses.

by removing these pairs i also reduced the cost of spreads when opening a trade and found that the basket hit their targets sooner.

depending on broker the average...
and also beware, for the last hour of the market on fridays - this spread jumps to approx 180pips or more. avoid opening positions in this periods especially on small TF like 15min. but if you have the balls of trading basket on 4hr then spread is none of your worries.

thanks MPP

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #277
  • Oct 28, 2012 11:22pm Oct 28, 2012 11:22pm
Quoting MPP
Has anyone analyse the results of trading the 14 pairs.

just for your info:-

I removed both Uchf and Egbp from my offline charts, the sometimes and sometimes not correlation creates a false feed into the charts, this was confrimed by Julius some years ago.

I also stopped trading both pairs along with Gchf as they failed to generate profit over an 18month period and run it loses.

by removing these pairs i also reduced the cost of spreads when opening a trade and found that the basket hit their targets sooner.

depending on broker...
Will you be able to tell us us how to remove the pairs from the basket, please?

rgds
Faith with Action
  • #278
  • Oct 28, 2012 11:30pm Oct 28, 2012 11:30pm
You want to have relatively even exposure across all pairs in basket. Otherwise, why not just trade the currency pair that has the most lopsided exposure?
  • #279
  • Oct 28, 2012 11:38pm Oct 28, 2012 11:38pm
Quoting hinnavaru
Will you be able to tell us us how to remove the pairs from the basket, please?

rgds
Go into the code and edit it, its pretty easy just have a look at it.
(Im not a coder but its relatively easy)
  • #280
  • Oct 28, 2012 11:41pm Oct 28, 2012 11:41pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting hinnavaru
Will you be able to tell us us how to remove the pairs from the basket, please?

rgds
most backet related indi's can be modified relatively easily, once built, you simple change the pair setting, in the case of V6 we have case option to select the number of pairs.

so open v6 in metaeditor (right click>modify), save as (give it your own name ie basketv6 12 pairs), scroll down to the case number with the correct number of pairs and change the pair names to which ever pairs you want the charts to be made up from. compile it and you'll get a message telling you if there are errors - if none, your good to go.

same with scripts for opening and closing trades - simply delete the pairs you no longer want to trade - save the new file as buy 12 pairs etc and compile it.

please understand that whilst i don't trade the mentioned pairs, i also use a different set of tools, so my results may differ. I put the info out there to see if anyone had look at the profitablilty of trading all pairs based on this system.

essencially basket trading is no different to trading any other pair, once a chart is up and running it can be traded in the same manner as any other pair is traded by any other system, the difference is we are no longer trying to figure out what one country means to another - we're trading the market place - similar to stocks and the stockmarket (microsoft>dow)
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