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Still Basketting

  • #721
  • Nov 2, 2012 2:39pm Nov 2, 2012 2:39pm
Hi. I'm pretty new but this system is working great in demo. My main question is:

Is 0.01 lot size too small for a 1000 eur account?

What is your recomendation for the SL?

Thanks in advance for the system and the advice!
  • #722
  • Nov 2, 2012 2:40pm Nov 2, 2012 2:40pm
Quoting Kosomolate
today's update:

at the NFP it went up -180 and I thought HAS was going to change even as VQzz2 was already green but HAS maintained its red and from -190 it started coming down and here is what I've got today +$300.

If I had reversed GC & UC it would have been 300 + 68 + 42 which would have been $412

kos
Kos thanks a lot again in your picture I can see arrow how do you do that I couldnt see it on my chart how can I solve this problem?
  • #723
  • Nov 2, 2012 2:47pm Nov 2, 2012 2:47pm
Quoting DeVal
hello traders, first of all big thanks to KOS for this system.

i am not new to basket trading, i was reading all t101 thread that I discovered some time ago and was experimenting with the basket system.

now, let me share my thoughts about the GBPCHF and EURGBP:

it's true that when the basket is in profit GBPCHF will be in loss (or when you are on the wrong side will be showing some profits), but i would not reverse it, because from their movement I can better judge the trend

let me explain:
when i open basket trades I order them by profit by...
Hi DeVal!

that is very creative of you man, but here is my advise reverse GC & UC on your real-money-SELL-basket and leave the demo un-reversed and do your monitoring on the demo chart.

hope I made sense

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #724
  • Nov 2, 2012 2:49pm Nov 2, 2012 2:49pm
Quoting newagetk
Kos thanks a lot again in your picture I can see arrow how do you do that I couldnt see it on my chart how can I solve this problem?
I wrote an indicator to put arrow so that I can see HAS entry point very clearly

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #725
  • Nov 2, 2012 2:51pm Nov 2, 2012 2:51pm
Quoting inni
Hi. I'm pretty new but this system is working great in demo. My main question is:

Is 0.01 lot size too small for a 1000 eur account?

What is your recomendation for the SL?

Thanks in advance for the system and the advice!
recommended SL for 0.01 should be 56$ but i think it will be rarely hit.
today for example i was short and even after the NFP release went in the wrong direction but just for around 15$ then the trend resumed
  • #726
  • Nov 2, 2012 3:04pm Nov 2, 2012 3:04pm
Quoting Kosomolate
Hi DeVal!

that is very creative of you man, but here is my advise reverse GC & UC on your real-money-SELL-basket and leave the demo un-reversed and do your monitoring on the demo chart.

hope I made sense

kos
hi Kos!
makes sense yes, my only concern is that if the basket will go against you the loss will be much faster having gbpchf and usdchf reversed.
anyway..reversed or not the system looks really good!
  • #727
  • Nov 2, 2012 3:09pm Nov 2, 2012 3:09pm
what i've seen so far, basket_v6 isn't truely modeling the whole basket but it's more or less a mirror of gbpjpy (give or take a few)
What I was thinking in the first place, is that if I sell the basket when it's current value is e.g 65 and the basket goes to 66 and comes back to 65 I'm b/e (spreads set aside). But that isn't the case
  • #728
  • Nov 2, 2012 3:15pm Nov 2, 2012 3:15pm
Quoting dryclean
Since about 10-24-2012
Some nice pipp'in going on here!
Sat on the sideline till after the labor report looking for an entry
no sure which way though

Thanks a bunch of PIPS to KOS for getting basket trading back in gear

A big difference from before is the Has settings
DC
yes its a nice week

one buy and one sell baskets all cool

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #729
  • Nov 2, 2012 3:18pm Nov 2, 2012 3:18pm
Quoting omadivi
the UJ has started retracing that upward spike.....i"ill wait to see how the market closes today....come sunday night, i am aiming to short the yen pairs...with proper confirmation of course..

but the day aint over aint yet...so best of luck to anyone holding their yen shorts...if its not green tonight, sunday/monday shld be rewarding...have a great weekend everyone...
I like your market analysis.

keep it up

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #730
  • Nov 2, 2012 3:19pm Nov 2, 2012 3:19pm
Another interesting concept for a range filter.

Quoting DeVal
when the basket will show some profit you would ideally see GBPCHF as the biggest loser, when some other pair takes his place it can be a sign of trend reversal.
Also, if basket is in profit EURGBP should be in profit, if EURGBP from positive goes negative can be a sign of reversal.
When they are both negative or both positive basket trade is going nowhere (like today after NFP news)
  • #731
  • Nov 2, 2012 3:20pm Nov 2, 2012 3:20pm
Quoting TheDirtySerb
Yeah lots of confusion today. I did not enter the short basket this morning primarily due to fear of the NFP. However, I did just enter long EU at 1.2844 (not basket related), as I think 1.2885-2900 may be in play before or just after London close. If I'm correct, that would most likely work against the short basket trade, so I'm a bit hesitant to open a basket today. We'll see how it plays out, but the HAS 15 min is pretty flat which doesn't make me feel all that good about any entry. On top of that, the VQzz2 is still positive, but on the fence....
your long EU was wrong and your hesitation on doing basket is wrong too

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #732
  • Nov 2, 2012 3:21pm Nov 2, 2012 3:21pm
Quoting charvo
I have an easy solution. Just remove USDCHF and GBPCHF

reason:

USDCHF = reverse of EURUSD, because now CHF is same (almost) as EUR.

GBPCHF = reverse of EURGBP, same reason above

why unnecessarily have bigger risk and higher spread cost?
don't remove them simply reverse them any time you short the basket and make more profit

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #733
  • Nov 2, 2012 3:23pm Nov 2, 2012 3:23pm
Quoting OneLegend
Can this system be used to H1 or H4?
yes sir, it can be used

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #734
  • Nov 2, 2012 3:25pm Nov 2, 2012 3:25pm
Quoting diceman555
i can see were your comming from
,in the original thread this was a interesting part of topic,infact i think it almost related to trading 1 chf cross,ill see if i can dig those old posts out,i believe the reason for trading all the 14 pairs was averaging a positive pip count on the overall basket.
ive often thought about taking out the e/g,others have suggested others pairs,some one suggested the yen,we could well end up not trading a basket but in fact an egg cup

none the less interesting point and maybe some one more in depth mentally than...
the only pair that one can even think of removing is EURCHF cos it does not really add or take much from the basket, others they have there own days, believe me.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #735
  • Nov 2, 2012 3:28pm Nov 2, 2012 3:28pm
Quoting madscalp
Same basket post #666
USDCHF and GBPCHF increase loss

lets rest this argument once and for all. If you are short on the basket reverse these two pairs.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #736
  • Nov 2, 2012 3:29pm Nov 2, 2012 3:29pm
Looks like the grail, kos. Nice work. on the basketv6 indi. Awesome tool.

Just demo'd my first basket. Waited for NFP effect to shake out and $ index to start another 15M leg up before placing sell basket. Gonna leave this one open over the weekend (since it's just play money), but it may have already bounced off the lower trendline area on the 4H TF.

Can't wait to see it work next week. Thanks for sharing this.
Attached Image (click to enlarge)
Click to Enlarge Name: first basket.gif Size: 57 KB
  • #737
  • Nov 2, 2012 3:34pm Nov 2, 2012 3:34pm
Quoting effluvium
Hi madscalp,
There are some tools suggested in FF Platform Tech thread , in order to cut as soon as possible bad trades.

Look here in this section
http://www.forexfactory.com/showthread.php?t=193727.

So for example, you have a small EAs you could attach to your chart to cut all profitable / losing trades
that concept of cutting trades negates the principle of this trading style don't do it.

I have tried cutting profit so that the negatives would come back home, FAILED
I have tried cutting the losses so that the profit would run again failure, as the basket trades develop one pair is making up for the lagging of the other and sometimes the table would turn and the no one is watching the back.

did you get this???

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #738
  • Nov 2, 2012 3:34pm Nov 2, 2012 3:34pm
Quoting Kosomolate
lets rest this argument once and for all. If you are short on the basket reverse these two pairs.

kos
This is what I did I saw more green pips this way.
Follow me to the Promised Land
  • #739
  • Nov 2, 2012 3:35pm Nov 2, 2012 3:35pm
Quoting madscalp
Interesting thx
However after cut , it's a different strategy....
thank you madscalp tell them for me.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #740
  • Nov 2, 2012 3:36pm Nov 2, 2012 3:36pm
Quoting Kosomolate
lets rest this argument once and for all. If you are short on the basket reverse these two pairs.

kos
Any reason why we wouldn't simply modify the sell script to reflect this? I'm a bit confused why we would open the sell basket and then reverse those.
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