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Still Basketting

  • #941
  • Nov 5, 2012 10:59am Nov 5, 2012 10:59am
Quoting vadlapatis
Does US Election Result will have impact ? it effects our sell position ? how
The markets might just coast along but once the election is decided It should get back to normal.....what ever normal is......

Go Romney
  • #942
  • Nov 5, 2012 12:25pm Nov 5, 2012 12:25pm
Quoting AmberX5
No problem with pepperstone platform : infact i am trying with it . ...maybe yr process of attaching it went wrong.
Thanks for the reply Amber and Kos.

It's a bit of a mystery then as I just set it up on Activetrades with no problem.
  • #943
  • Edited Nov 6, 2012 4:55am Nov 5, 2012 1:09pm | Edited Nov 6, 2012 4:55am
This is a tool to cut your loss or fix your profit depending your equity after entry :
Attached File(s)
File Type: mq4 CloseAtEquityManager.mq4   2 KB | 627 downloads
  • #944
  • Nov 5, 2012 1:36pm Nov 5, 2012 1:36pm
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

thanks kos.really enjoying the thread and the new found interest.

another poster has answered your question relating to roro,risk on risk off,determining thaT SENTIMENT is for me extremly important.watching the money flows allows me to hold trades until i see that sentiment change.

in a risk off senerio the money flows out of the indicies sterling,euro ect and goes to the saftey of the doller,and in turn from dollers in 2,5 and 10 year us bonds,heres a chart of the t note bonds as the basket falls along with the indicies the bonds increase ,so i watch all these assets for clues to possible change.i always look for total agreement of sentiment.ofcoarse nothing can tell us the futer but any thing that can give us confidence to remain in trades or to enter trades helps.

thanks again for bringing this method to topic again,also the indies and charts.
Attached Image (click to enlarge)
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  • #945
  • Nov 5, 2012 2:18pm Nov 5, 2012 2:18pm
Quoting Kosomolate
am sorry I don't know how to answer your question, but if anyone can help you it would be nice

kos
but thanks anyway kos ^^
so you will open position just one times /trend?
when has started to make a downtrend (has red) you'll will open the sell script
and whenever the has full changed to blue, you'll close your short position immediately?

sorry for making you confuse with um my English maybe
  • #946
  • Nov 5, 2012 2:39pm Nov 5, 2012 2:39pm
Quoting Kosomolate
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
The movement should be close but not exact. The reason for this is how much exposure you have to a certain currency. For example lets assume you take a long basket trade for .10 on the original 14 pairs. Your net exposure would be:

EUR .40 long JPY .60 short
GBP .20 long USD .20 short
AUD .20 long CHF .20 short
NZD .20 long

So this basket is heavily influenced by how the Eur and Jpy move as they are your largest exposures.

The core 5 pairs are a bit different. Their net exposure is as folows:

GBP .20 long JPY .30 short
EUR .10 long USD .20 short
NZD .10 long
AUD .10 long

So this basket leans more toward how GBP/JPY and GBP/USD move. So as long as g/j and e/j are moving in a correlation as they normally do, the two baskets will be close but not exact.

Sorry if that doesnt make sense, best way I could think to explain it.
  • #947
  • Nov 5, 2012 2:45pm Nov 5, 2012 2:45pm
Quoting diceman555
thanks kos.really enjoying the thread and the new found interest.

another poster has answered your question relating to roro,risk on risk off,determining thaT SENTIMENT is for me extremly important.watching the money flows allows me to hold trades until i see that sentiment change.

in a risk off senerio the money flows out of the indicies sterling,euro ect and goes to the saftey of the doller,and in turn from dollers in 2,5 and 10 year us bonds,heres a chart of the t note bonds as the basket falls along with the indicies the bonds increase ,so...
Diceman555 WOW!!
  • #948
  • Nov 5, 2012 2:47pm Nov 5, 2012 2:47pm
All set up. Using uj as my online chart and have offline chart on m15. Not sure I understand the entry rules but I'm following along and reading.
  • #949
  • Nov 5, 2012 4:00pm Nov 5, 2012 4:00pm
Quoting dryclean
on 5min chart vq is 15TF
15min chart vq is 60
60 min chart vq is 240

Really?? This is the eintTF value?
Mine has been set to 60 for all of them so far.
  • #950
  • Nov 5, 2012 4:13pm Nov 5, 2012 4:13pm
http://i7.photobucket.com/albums/y28...ng/basket1.gif Ok so I am waiting for a complete color change. Seeing how this is on m15 and we are heading into sydney I should wait for a pull back after the complete color change. Is this correct?
  • #951
  • Nov 5, 2012 4:13pm Nov 5, 2012 4:13pm
Quoting thorn
The movement should be close but not exact. The reason for this is how much exposure you have to a certain currency. For example lets assume you take a long basket trade for .10 on the original 14 pairs. Your net exposure would be:

EUR .40 long JPY .60 short
GBP .20 long USD .20 short
AUD .20 long CHF .20 short
NZD .20 long

So this basket is heavily influenced by how the Eur and Jpy move as they are your largest exposures.

The core 5 pairs are a bit different. Their net exposure is as folows:

GBP .20 long...
I dont know what is the point of this post. Anytime you open a trade you put yourself at risk, one pair or two pairs or 14 pairs there is always an exposure. If you want no exposure then you should not trade. Please understand that trading the 14 pairs is not hedging. the hedging part is the IA before. The reason why it is being hedge is to get an almost real market movement. After knowing this then the trading part either 14 buy or 14 sell. I dont know where that exposure you are talking about came from.

My suggestion to you is read the whole thread of T-101 and perhaps it will enlighten you. For now, we are all contented in trading BTS Kos way. Also please stop this posting if you cant explain your point.

Friendly regards,

Joven
  • #952
  • Nov 5, 2012 4:19pm Nov 5, 2012 4:19pm
Hi guys.

I make a simple EA that is very effective to manage a Basket Trading.

Orders can be closed if equity is over or under a certain value

or

if profit is over or under certain values

or

if total pip is over or under certain values

You can set all these features or only some of these.

There are many other EA for Basket Trading but I'm using this because of simplicity and because it has all that I need.

In next version I'm going to add a pip breakeven feature.

If you can use it, please use it in demo account first.

My EA works both 5 digits broker and 4 digits broker.

If you see any mistake or problem, please tell me.

OF COURSE the EA has to be inserted on a "real time" chart.

p.s. Basket M15 -> seems to be ready to long but I still have red bars...
Attached File(s)
File Type: ex4 MyBasketManager10.ex4   7 KB | 569 downloads
  • #953
  • Nov 5, 2012 4:25pm Nov 5, 2012 4:25pm
Quoting ^eagle^
http://i7.photobucket.com/albums/y28...ng/basket1.gif Ok so I am waiting for a complete color change. Seeing how this is on m15 and we are heading into sydney I should wait for a pull back after the complete color change. Is this correct?
Hi Just looking at your kos15 min charts, I think your vqzz needs to be 60mins not 15 mins.

Put me right if I'm wrong , as I'm learning it myself.
Rich
  • #954
  • Nov 5, 2012 4:28pm Nov 5, 2012 4:28pm
Quoting Tpack
Hi Just looking at your kos15 min charts, I think your vqzz needs to be 60mins not 15 mins.

Put me right if I'm wrong , as I'm learning it myself.
Rich
I tried that and all my bars were green which is totally against the HAs. That is why I changed it to m15. However we are inot the slow time. Thats why I think it's best to wait. Also RBA rates tonight in five hours.
  • #955
  • Nov 5, 2012 4:29pm Nov 5, 2012 4:29pm
Quoting ^eagle^
http://i7.photobucket.com/albums/y28...ng/basket1.gif Ok so I am waiting for a complete color change. Seeing how this is on m15 and we are heading into sydney I should wait for a pull back after the complete color change. Is this correct?
HI
As per Kos instruction vqzz2 indicator time frame should be set to 60 in 15 min offline chart
  • #956
  • Nov 5, 2012 4:36pm Nov 5, 2012 4:36pm
http://i7.photobucket.com/albums/y28...ng/basket2.gif

This is what I got with the indie TF at 60. seems to miss out on a lot of pips.
  • #957
  • Nov 5, 2012 4:56pm Nov 5, 2012 4:56pm
Quoting ^eagle^
http://i7.photobucket.com/albums/y28...ng/basket2.gif

This is what I got with the indie TF at 60. seems to miss out on a lot of pips.
heya eagle
you need to open kos14-60 too ^^
not only kos14-15
because vqzz will read data from kos14-60
  • #958
  • Nov 5, 2012 5:02pm Nov 5, 2012 5:02pm
hope, this is the right time to buy based my chart
Attached Image (click to enlarge)
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  • #959
  • Nov 5, 2012 5:11pm Nov 5, 2012 5:11pm
Quoting brainanda
heya eagle
you need to open kos14-60 too ^^
not only kos14-15
because vqzz will read data from kos14-60
OK got it thanks So who's in and who's waiting til after RBA news?
  • #960
  • Nov 5, 2012 5:20pm Nov 5, 2012 5:20pm
If my pairs have an "i" after them (Eur/USDi) Do I need to modify the hedge scripts? I executed the TRADERHEDGE BUY ALL script and it came up saying it opened zero trades. Do I have to go in and add the "i"?
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