Still Basketting

Quoting charvo

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the 14-pairs config, at the very beginning of Trader101's thread, is to make 7 pairs hedge against the other 7 pairs.

fully hedged, like a perfect RING of 14 pairs.

this "fully hedged" concept (also found in many other threads like "phantom 6"), is meaningless to my understanding. i'd truly appreciate if anyone can show me why it is otherwise.

but i do seem to feel the 14 pairs together somehow moves more smooth than one single pair does. that's the only point that i can see why we trade 10+ pairs here. [b]its move is more smooth/stable,...

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Quoting TheMaxx

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It's my understanding that T101 never traded the entire basket of pairs at once as this thread attempts to do, he looked at the 14 perfectly hedged pairs and traded the strongest pairs as time developed.

My concern with this thread it this - T101's basket was 7 buys vs 7 sells - they cancelled each other out. (Would trading them as a basket work? I think you would get a straight line). However in this thread you have 14 buys only - they do not cancel out and are heavily skewed toward JPY - see below.

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Quoting diceman555

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this is from the original thread regarding the pairs

http://www.forexfactory.com/attachme...1&d=1258829943

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Quoting ananthhh

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Just attach this EA to any of the chart.
If you wish to trade 15 min then attach to 15 min timeframe.
If you wish to trade 30 min then attach to 30 min timeframe....

Working of EA:
1. Takes Has values from BasketChart.mq4 indicator given by paradox.
2. If you have to change inputs to that indicator then you have to modify the default values directly in the code and compile.
3. If HAS changes color from red to blue, then close all sell(if any) and open all buy.
4. If HAS changes color from blue to red, then close all buy(if any) and open all sell.

Rules...

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Quoting forexferrari

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Is this a dream?
Because this cannot be true.



-Forexferrari

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Quoting vadlapatis

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Hello every one , im new to forex - but today i made 30$ on 0.01 with the help of this system

i would like thank KOS - for his effort

and also thank all others for supporting this thread

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Quoting iwjw

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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

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Quoting Pinhead

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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.

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Quoting Pinhead

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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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Quoting DeVal

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hello traders, first of all big thanks to KOS for this system.
because from their movement I can better judge the trend

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)
the GBPCHF is slowing taking again its position at the bottom...it started after NFP news, GBPCHF...

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Quoting Pat1

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Brilliant ... No need for indicators

Cheers

Pat

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Quoting as002

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Kos,
you have done really nice work. Hope to continue.

I am little confused about the SL.

the 560 dollar SL is about 640 pips at 0.87 dollar/pip at 0.1 lot.

but on the long position on 30/10 you exited with a 110 pips loss. I suppose you closed the basket manually(and did not enter short), while today (with tha same level of volatility you kept the position).

Do you apply a fixed method of taking losses or you have alternatives;

I also wonder if you keep record of the average pips on loosing trades;



Keep Going.

Thanks a lot

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Quoting dryclean

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Yes

Start here and read what KOS says

The indies have changed but the concepts nearly the same

http://www.forexfactory.com/showthre...12522&page=250

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Quoting Kosomolate

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I wrote an indicator to put arrow so that I can see HAS entry point very clearly

kos

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