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Still Basketting

  • #421
  • Oct 30, 2012 7:25am Oct 30, 2012 7:25am
Quoting xlitang
I did backtesting and EA opened the trades as it should. Did you turn on AutoTrading to true?
have you backtested in offline chart ?
if so please tell me the procedure

thanks
  • #422
  • Oct 30, 2012 7:29am Oct 30, 2012 7:29am
this is the way i watch the basket and the overall sentiment.ignore the cable chart,thats my bread and butter.

now as things stand the market is stronger to the upside,the indicies making strong gains,the risk off currencies also into positive gains,the yen is halting the perfect buy basket,the e/u,aud/u,cable and such have been pushing against there relevent resistences,if these start to break i would expect the yen crosses to begin to head towards positive values,this would be the ideal time to enter long,you will see the momentum if it happens,meanwhile we sit and wait.

so our bias is long unless those values tell me otherwise.

this is the point im trying to get across,if you can see the mechanics of the basket you can filter out lots of bad entries.all entries whilst in this state of market imho are riskea,especially if the doller cosses retrace to there lower ranges
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  • #423
  • Oct 30, 2012 7:38am Oct 30, 2012 7:38am
you will notice ,the basket is working against itself,its stopping the natural circular motion of how it all fits together as a whole.

these subtle charateristics are the diference from doing extremly well with baskets and not
  • #424
  • Oct 30, 2012 7:45am Oct 30, 2012 7:45am
i promise to shut up after this post,but i think mpp mentioned the trendlines ect on the offline charts,they represent exactly what ive illustrated in the value changes,im still very old fashioned and like to piece it together like a jigsaw
  • #425
  • Oct 30, 2012 9:06am Oct 30, 2012 9:06am
Quoting diceman555
i promise to shut up after this post,but i think mpp mentioned the trendlines ect on the offline charts,they represent exactly what ive illustrated in the value changes,im still very old fashioned and like to piece it together like a jigsaw
Risk on(bullish)= weak dollar + weak yen
Risk off(bears)= strong dollar + strong yen

Right now, we have weak dollar and a strong yen..once they get in sync, we shld see a "proper" trend..am betting on a weak dollar + weak yen scenario..after the BOJ move,I thought the yen strength would drop..
It is possible to make large sums trading, small losses, large wins
  • #426
  • Oct 30, 2012 9:26am Oct 30, 2012 9:26am
Quoting omadivi
Risk on(bullish)= weak dollar + weak yen
Risk off(bears)= strong dollar + strong yen

Right now, we have weak dollar and a strong yen..once they get in sync, we shld see a "proper" trend..am betting on a weak dollar + weak yen scenario..after the BOJ move,I thought the yen strength would drop..
exactly,thats why im watching yen,notice value changes for yen pairs from my last chart and now,yen weakening,if you bought yen pairs only ,whilst the other doller crosses are repeatably testing resistence you would have gained a 150 pips or so,the yen ,s move has bought the basket back to its resistence level,all we need now is for the doller crosses to break and up we will go,but at present its open to either .great to watch the mechanics of it
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  • #427
  • Oct 30, 2012 9:37am Oct 30, 2012 9:37am
Quoting xlitang
I did backtesting and EA opened the trades as it should. Did you turn on AutoTrading to true?
Same here my friend....no open trades....I have it on true...
  • #428
  • Oct 30, 2012 9:38am Oct 30, 2012 9:38am
Quoting omadivi
Risk on(bullish)= weak dollar + weak yen
Risk off(bears)= strong dollar + strong yen

Right now, we have weak dollar and a strong yen..once they get in sync, we shld see a "proper" trend..am betting on a weak dollar + weak yen scenario..after the BOJ move,I thought the yen strength would drop..
  • #429
  • Oct 30, 2012 9:38am Oct 30, 2012 9:38am
Quoting 4xPIPAHOLIC
Same here my friend....no open trades....I have it on true...
If you use ECN brokers , you need to turn ECN to true.
Follow me to the Promised Land
  • #430
  • Oct 30, 2012 9:52am Oct 30, 2012 9:52am
Kos

I was trying to attach another MTF indicator to the offline chart but could not get it to work.
Do any other indicators work at all on the offline charts?
Faith with Action
  • #431
  • Oct 30, 2012 9:55am Oct 30, 2012 9:55am
Quoting MPP
You can't use a pair to trade the basket, the averaging out of the charts caused by the multiple pairs give us different info for the indi's to calculate from - thus a single chart will always fail to yeld the same results.

My opinions are based on 6 years of basket trading, they may not always be correct, but I feel you miss understand the term leading pair - a leading pair is the first pair to make a move big enough to change the shape of a single bar in the basket chart, and thus have an initial impact on the indicator's, predominately this...
That's exactly what i meant. May be i couldn't explain correct because of my poor english. Me and friend of mine tried to use GJ as you described - no luck. Tyen we tried to use EU - same happened.
  • #432
  • Oct 30, 2012 10:13am Oct 30, 2012 10:13am
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

Checking : I try this step : but I can get under my system is #kos#14 M1 ---> so I assume it is 1M file. How to retrieve it to #kos#14 15....or is it the same ?

Thank you for yr kind reply.
  • #433
  • Oct 30, 2012 10:16am Oct 30, 2012 10:16am
I cann't seem to get a offline chart to be higher than a 1 minute.
  • #434
  • Oct 30, 2012 10:23am Oct 30, 2012 10:23am
Quoting xlitang
If you use ECN brokers , you need to turn ECN to true.
I will try that, thank you.
  • #435
  • Oct 30, 2012 10:32am Oct 30, 2012 10:32am
Quoting AmberX5
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

Checking : I try this step : but I can get under my system is #kos#14 M1 ---> so I assume it is 1M file. How to retrieve it to #kos#14 15....or is it the same ?

Thank you for yr kind reply.
While loading Basket V6 indicator modify the 3rd(final) input from 1 to 15
  • #436
  • Oct 30, 2012 10:41am Oct 30, 2012 10:41am
Quoting omadivi
Risk on(bullish)= weak dollar + weak yen
Risk off(bears)= strong dollar + strong yen

Right now, we have weak dollar and a strong yen..once they get in sync, we shld see a "proper" trend..am betting on a weak dollar + weak yen scenario..after the BOJ move,I thought the yen strength would drop..
My projection is go with SELL till 31/10 around 19.00 hours.
  • #437
  • Oct 30, 2012 10:42am Oct 30, 2012 10:42am
Anyone seen an EA that is able to translate a total profit into individual stoplosses?
Lets say my basket reached $150 and I want to secure at least $20.
The MPTM I'm currently using is managing the profitlevel on a global basis and would close the whole basket at $20 and could get really slipped if a sharp move occurs
What I'm looking for is an EA that takes the $20/14=$1.43 and calulates the pip value for each pair and sets the sl accordingly so that $1.43 is secured (would e.g mean sl = 1.43 pips above/below entry 0.1 lots eurusd).
I'm aware that I could get stopped out on individual pairs although my profit is way above $20, but I could live with that

edit:
First problem that comes into my mind is how to deal with those positions that are under water
  • #438
  • Oct 30, 2012 10:56am Oct 30, 2012 10:56am
Quoting altoronto
My projection is go with SELL till 31/10 around 19.00 hours.

Sell??...are you watching the charts...the usd index is down...the yen has basically reversed the move it did this morning(depending on your time zone)...its looking very bullish on most of the 14pairs..just something to bear in mind...its better to trade real-time..this bullish move could very well continue for the rest of the week..
It is possible to make large sums trading, small losses, large wins
  • #439
  • Oct 30, 2012 11:39am Oct 30, 2012 11:39am
Quoting omadivi
Sell??...are you watching the charts...the usd index is down...the yen has basically reversed the move it did this morning(depending on your time zone)...its looking very bullish on most of the 14pairs..just something to bear in mind...its better to trade real-time..this bullish move could very well continue for the rest of the week..
I agree with omadivi.....but I understand what altoronto is saying....the liquidity is below normal and the bears might strike one more time before that big move....
  • #440
  • Oct 30, 2012 11:52am Oct 30, 2012 11:52am
xandi PM
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