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Range Bar Basket System

  • #21
  • Nov 23, 2012 2:08am Nov 23, 2012 2:08am
Bullish bar closed above RB. -40 pips loss. However i dont close position yet. I wait for retrace of next bar to previous high range.
Attached Image (click to enlarge)
Click to Enlarge Name: ko8.jpg Size: 97 KB
That which you give to others, life will return it in spades
  • #22
  • Nov 23, 2012 2:20am Nov 23, 2012 2:20am
Well. I closed Sell position at BE. attached todays statement. Todays could be a Range Day.
Attached Image (click to enlarge)
Click to Enlarge Name: ko8.jpg Size: 250 KB
That which you give to others, life will return it in spades
  • #23
  • Nov 23, 2012 2:22am Nov 23, 2012 2:22am
Now i waiting for enter a Buy order. See chart attached please.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: ko9.jpg Size: 99 KB
That which you give to others, life will return it in spades
  • #24
  • Nov 23, 2012 2:23am Nov 23, 2012 2:23am
Hi Jaquemate,
Thanks for ur effort.Your system is working on 1H time frame.So will u look for large Time frames for SR?or blindly following 1H only?Post #23 leading kumo showing bearish trend but still u r looking for buys....
  • #25
  • Nov 23, 2012 2:26am Nov 23, 2012 2:26am
Ok, im long now. Market is speed today. i dont like it.
Attached Image (click to enlarge)
Click to Enlarge Name: ko9.jpg Size: 98 KB
That which you give to others, life will return it in spades
  • #26
  • Nov 23, 2012 2:43am Nov 23, 2012 2:43am
Quoting negi_29
Hi Jaquemate,
Thanks for ur effort.Your system is working on 1H time frame.So will u look for large Time frames for SR?or blindly following 1H only?Post #23 leading kumo showing bearish trend but still u r looking for buys....
Hi negi29. You are wellcome. Thanks for question and thanks for your words.
For me all is relative. If you see the this basket buy order put at one crosses single chart what do you see?. Up trend?. Down trend?. Range?.
I see a little range inside an Up trend. Could be turn at Down trend today or next Monday?. Can be. I don’t know.
The most important thing of this system (and of all system I think) is minimize loss and let run profit.
If i buy and a Down trend is starting there is no problem. I loss this position with -50 or -100 or BE at retrace. But if price go up my reward is almost +220 at first position and could be ilimited at second position. R.R??.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: ko9.jpg Size: 117 KB
That which you give to others, life will return it in spades
  • #27
  • Nov 23, 2012 3:16am Nov 23, 2012 3:16am
Closed buy position at retrace on BE. Today 3 trades. All closed at BE. Wait for another oportunity.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: ko9.jpg Size: 97 KB
That which you give to others, life will return it in spades
  • #28
  • Nov 23, 2012 3:20am Nov 23, 2012 3:20am
If i had dont closed the first sell position opened today i would be in profit now. But i prefer minimize loss and wait for another oportunity.
Regards.
That which you give to others, life will return it in spades
  • #29
  • Nov 23, 2012 3:32am Nov 23, 2012 3:32am
Hi Jacquemate,

can you offer a template or at least the setting of your indicators?

This system will surely work in trending markets. How are the results during sideways markets?

How long are you trading this method?
  • #30
  • Nov 23, 2012 3:36am Nov 23, 2012 3:36am
Quoting negi_29
Hi Jaquemate,
Thanks for ur effort.Your system is working on 1H time frame.So will u look for large Time frames for SR?or blindly following 1H only?Post #23 leading kumo showing bearish trend but still u r looking for buys....
Yes negi29. i look for large time frame for have and hindsight and look one single crosses to see exactly where i put the order.
Regards.
That which you give to others, life will return it in spades
  • #31
  • Nov 23, 2012 3:58am Nov 23, 2012 3:58am
Quoting joker24
Hi Jacquemate,

can you offer a template or at least the setting of your indicators?

This system will surely work in trending markets. How are the results during sideways markets?

How long are you trading this method?
Hi joker24. Indicators and settings are not important. Indicators are only a help. the Key is find a good system of entry and exit whats brind you a good R:R.
You must minimize loss and let run profit. All trending system not works at sideways markets. Its obvious. But the important is minimize the loss at this time. If i closed the position always when range is broken then i only loss 40, 50 or 100 pips. If i wait for a retrace after breakout i close at BE most times. It not happens at every crosses but its happens most time in a Basket chart.
Today is an example. 3 trades, all closed at BE. Where is the loss?. Today no loss at moment. If price go Down strong i loss an opportunity but i protect my capital and search for another opportunity. Thats all.
No make things difficult. Forex is so simple. Not easy but so simple.
Regards-
That which you give to others, life will return it in spades
  • #32
  • Nov 23, 2012 4:04am Nov 23, 2012 4:04am
I will attach indicator and template more late.
Regards.
That which you give to others, life will return it in spades
  • #33
  • Nov 23, 2012 4:17am Nov 23, 2012 4:17am
This is my hindsight now.
Attached Image (click to enlarge)
Click to Enlarge Name: ko9.jpg Size: 118 KB
That which you give to others, life will return it in spades
  • #34
  • Nov 23, 2012 5:14am Nov 23, 2012 5:14am
I attached templates and indicators.
Basket V.6 for created basket chart.
Ichimoku settings (5,10,20). I only interesting at clouds. Rest is no visible.
21 EMA help too.
Regards.
Attached File(s)
File Type: mq4 Basketv6.mq4   9 KB | 502 downloads
File Type: mq4 Ichimoku.mq4   5 KB | 447 downloads
File Type: mq4 CandleTime.mq4   2 KB | 470 downloads
File Type: tpl Jaquebt3.tpl   2 KB | 477 downloads
That which you give to others, life will return it in spades
  • #35
  • Nov 23, 2012 6:16am Nov 23, 2012 6:16am
See a grafical example of how it works.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: ko9.jpg Size: 156 KB
That which you give to others, life will return it in spades
  • #36
  • Nov 23, 2012 6:33am Nov 23, 2012 6:33am
Graphical explanation helps a lot.

To clarify ....

You set a range the when you get a close outside that range you set a new range even if it is above or below previous range and even if you are in a sell or a buy mode.?

At 12. you buy below the cloud ... is that because the range bar closed above? ... you still consider to be in an uptrend

You are using the 'kos' chart to trigger a B/S and then entering a basket of trades ... all opened and closed at the same time?

Thanks

M.
If you think I'm mad, I must be mad
  • #37
  • Nov 23, 2012 8:12am Nov 23, 2012 8:12am
Quoting futurespec
Graphical explanation helps a lot.

To clarify ....

You set a range the when you get a close outside that range you set a new range even if it is above or below previous range and even if you are in a sell or a buy mode.?

At 12. you buy below the cloud ... is that because the range bar closed above? ... you still consider to be in an uptrend

You are using the 'kos' chart to trigger a B/S and then entering a basket of trades ... all opened and closed at the same time?

Thanks

M.

Hi futurespec:
See the chart please. It explain better.
More late i explain how configure chart.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: ko9.jpg Size: 143 KB
That which you give to others, life will return it in spades
  • #38
  • Nov 23, 2012 8:27am Nov 23, 2012 8:27am
Thanks again, another good explanation.

What I had not considered was that you are trading a basket and, therefore, you was at that time still in profit.
Keep up the good work.

M.
If you think I'm mad, I must be mad
  • #39
  • Nov 23, 2012 8:44am Nov 23, 2012 8:44am
Actual situation. Today is a range day.
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That which you give to others, life will return it in spades
  • #40
  • Nov 23, 2012 12:25pm Nov 23, 2012 12:25pm
Well closed Sell position at -145x2 = -290 pips of loss. Finally i dont wait for retrace cause bar was so strong and it could be a trend change.
Today 4 trades: 3 BE 1 Loss.
We are in an UP TREND.
Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: ko9.jpg Size: 155 KB
That which you give to others, life will return it in spades
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