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Attachments: Still Basketting
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Still Basketting

  • #921
  • Nov 5, 2012 9:54am Nov 5, 2012 9:54am
Hi kos,
I know this is probably a noob question, but are some of the pairs chosen at random? I know this is not a foolproof strategy,seeing as we could encounter some bad days. But do we have random pairs to create some sort of imbalance?maybe as a means to reduce loss?
It is possible to make large sums trading, small losses, large wins
  • #922
  • Nov 5, 2012 9:56am Nov 5, 2012 9:56am
Quoting vadlapatis
i was stopped out @ 31$ , by this EA

when to re-enter ? if trend still continuous in sell
You can use the M5 charts for a re-entry,provided the signal is still valid on the M15 chart
It is possible to make large sums trading, small losses, large wins
  • #923
  • Nov 5, 2012 10:08am Nov 5, 2012 10:08am
Quoting normtold
I have had this set up on a Thinkforex demo since the 23rd of October and all is working well.
Still short from the 2nd November.

Does anyone use Pepperstone as their broker?

I ask because when trying to set up an offline chart with Pepperstone, following these instructions

"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"

#kos#14 15 or the other T/F's do not show up, the text is jumbled with characters, I only...
No problem with pepperstone platform : infact i am trying with it . ...maybe yr process of attaching it went wrong.
  • #924
  • Nov 5, 2012 10:12am Nov 5, 2012 10:12am
Quoting afolabiay
which broker demo do you use?
It doesn't matter what I use
Use the one you will be using live

It is always better to demo with a live account
look for a penny acct like 4xforu I would not use them as my main acct as they are crooks. But look for a penny account where every penny is treated like a dollar. So $10 is $1000
  • #925
  • Nov 5, 2012 10:15am Nov 5, 2012 10:15am
Quoting Dkny
Thanks Kos for the privileged. Let me start by sharing with the evolution of this system as some earlier posters are trying to shift this thread to again a never ending indicator development. Here it is:

The Evolution of Basket Trading System by Trader 101

I prepared this history of BTS in order for those new in basket trading to have an idea how this trading system come into and also to avoid those that seems to be bringing this system backward for lack of history knowledge.

I am also optimistic that after reading this, traders with indicator...
thanks DKNY!

your post brought back the memory of the developmental stages of BTS. and I am particularly interested in the CORE 5 basket because of the reasons; low cost, easy to manage, and same profit as the 12-2 that we do here.

I will explore the CORE 5 side by side the 12-2 and if found like you stated I will be glad to adjust my tools to it.

Thank you for the info

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #926
  • Nov 5, 2012 10:15am Nov 5, 2012 10:15am
Quoting vadlapatis
i was stopped out @ 31$ , by this EA

when to re-enter ? if trend still continuous in sell
Looking for a reentry on the 5min chart now is not the time the pa is above the Has and the vq has turned green

But looking at the 15min TF look for a bounce or resistance off the HAS

Then wait for the vq has and pa turn back down on the 5mn TF before entry
  • #927
  • Nov 5, 2012 10:25am Nov 5, 2012 10:25am
Quoting dryclean
Looking for a reentry on the 5min chart now is not the time the pa is above the Has and the vq has turned green

But looking at the 15min TF look for a bounce or resistance off the HAS

Then wait for the vq has and pa turn back down on the 5mn TF before entry
Yr 5min VQ is turning green ? Mine is still red...can i know the VQ is on what timeframe : 60 min ?
  • #928
  • Nov 5, 2012 10:25am Nov 5, 2012 10:25am
Quoting Olarion1975
Hi Kos,

I don't have much trust in Support and Resistance when trading baskets. The "price" of the basket is only a mathematical addition of prices from the 14 pairs.

I do not believe that the mass of people look at those levels/trendlines, so the basket price will probably not respect those levels.

But anyway, if it works...
the offline chart is not made from the air, it is made from those charts that those mass of people watch their levels/trendlines, therefore, I think am save to say if price respects those levels on the normal charts then it will even respect it more or let me say those levels would be stronger on the offline chart that combines 14 of those watched normal charts rolled up as one.

One may not be able to quote price of normal charts, but make the 1hr, 4hr, D1 offline charts and start observing the turnings and you will change your mind about that your believe.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #929
  • Nov 5, 2012 10:27am Nov 5, 2012 10:27am
Quoting getgot
Thanks Kos for this great system.. a little too soon entry I think? I was think it is a pullback.. closed manually at 248 pips with this demo.. got 70 pips in real.. any other advices for my entry and exit? thanks all..
take it easy, learn somethings very well about the style, I can see this is your first post here and in FF

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #930
  • Nov 5, 2012 10:29am Nov 5, 2012 10:29am
Quoting MPP
what you may also find is that they work better, because they are a reflection of multiple points of S&R found through out the market place and not just limited to a single pairing.
again correct



kos
John 3:16 - From THIS love no power on earth can me sever.
  • #931
  • Nov 5, 2012 10:31am Nov 5, 2012 10:31am
Quoting diceman555
at present i have 3 sell baskets,

universal pairs,all sell reversed u/c 800 pips in profit,opened friday after data news

original pairs,all sell reversed u,chf. u/cad. opened this morning 300 + pips

indicies all sell 140 profit at present

when roro is in total agreement,everthing will conform.without that agreement risk is increased
you are doing very well, keep it up, let the pips keep flooding into your pips bank.

what is roro? sorry for my naivety

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #932
  • Nov 5, 2012 10:33am Nov 5, 2012 10:33am
Quoting AmberX5
Yr 5min VQ is turning green ? Mine is still red...can i know the VQ is on what timeframe : 60 min ?
on 5min chart vq is 15TF
15min chart vq is 60
60 min chart vq is 240
  • #933
  • Nov 5, 2012 10:34am Nov 5, 2012 10:34am
Quoting dryclean
on 5min chart vq is 15TF
15min chart vq is 60
60 min chart vq is 240
Thanks! I amend my mistake now!
  • #934
  • Nov 5, 2012 10:35am Nov 5, 2012 10:35am
Does US Election Result will have impact ? it effects our sell position ? how
  • #935
  • Nov 5, 2012 10:37am Nov 5, 2012 10:37am
Quoting plig
... or use 0.05 lot on 10.000 USD account so I risk 2.8%.... and so on... if I'm not wrong
You are not wrong,
that is very conservative enough, that you can place your basket trade and not loose sleep.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #936
  • Nov 5, 2012 10:39am Nov 5, 2012 10:39am
Quoting brainanda
I'm still on demo, so that, I ask how to re-entry which the first entry doesn't need to close ^^
which number I can put in the magic number??
I'm confuse to take a number for it
could you help me for this?

thanks again before kos ^^
am sorry I don't know how to answer your question, but if anyone can help you it would be nice

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #937
  • Nov 5, 2012 10:43am Nov 5, 2012 10:43am
Quoting normtold
I have had this set up on a Thinkforex demo since the 23rd of October and all is working well.
Still short from the 2nd November.

Does anyone use Pepperstone as their broker?

I ask because when trying to set up an offline chart with Pepperstone, following these instructions

"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"

#kos#14 15 or the other T/F's do not show up, the text is jumbled with characters, I only realised by hovering...
dont have an idea how to tackle such problem, sorry

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #938
  • Nov 5, 2012 10:49am Nov 5, 2012 10:49am
Quoting Kosomolate
you are doing very well, keep it up, let the pips keep flooding into your pips bank.

what is roro? sorry for my naivety

kos
“Risk On – Risk Off” (RORO) - increased market correlations that developed during the financial crisis mostly after 2007.
.
  • #939
  • Nov 5, 2012 10:55am Nov 5, 2012 10:55am
Quoting omadivi
Hi kos,
I know this is probably a noob question, but are some of the pairs chosen at random? I know this is not a foolproof strategy,seeing as we could encounter some bad days. But do we have random pairs to create some sort of imbalance?maybe as a means to reduce loss?

I don't think the pairs are chosen randomly,
as for creating of imbalance, that is why some BTS traders dont like the idea of reversing the 2 pairs that is always going the other way, they leave them, the reason is that sometimes when the basket is gets sour, this two pairs somehow mitigates the loss.

if its bad, its bad cut it

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #940
  • Nov 5, 2012 10:58am Nov 5, 2012 10:58am
Quoting max pain
“Risk On – Risk Off” (RORO) - increased market correlations that developed during the financial crisis mostly after 2007.

oh! thanks max pain

kos
John 3:16 - From THIS love no power on earth can me sever.
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