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Still Basketting

  • #2,501
  • Jan 2, 2013 8:48am Jan 2, 2013 8:48am
ok

update from my DEMO trade posted above

I'm trailing the stop with Kos Heiken Ashi smoothed + alerts indicator, M15 TF (inputs 15,2,15,2)
the snapshot is from my H1 chart,yellow VL is my (late) entry

you can see the pairs I trade opposite,UC and GC
I 've traded 14 pairs as per default 'cos it's a demo trade
GBPCHF is not workin' fine while my "old" opposite pair EURGBP would have been profitable if traded short
newbies must learn this stuff before going live, Basket is a live creature always changing

btw,even with "wrong"pairs. banked $1000 demo profit and it's + 1300 now
DC was right about volatility from the Fiscal Cliff skit

http://mytradesontheblog.files.wordp...2013-1338p.gif
Account deleted
  • #2,502
  • Jan 2, 2013 2:42pm Jan 2, 2013 2:42pm
Hi Kos,

Which EA have you been using for auto-trading?

The one in this thread or the one in GVC's thread?

Quoting Kosomolate
Yes, its hard to be on the sideline. But I will try,
coming week I will format my PCs, arrange the accounts
and have discussions.

Then by 7th jan. i'll fire the EAs. Then let the market do its thing.
if a trend has started before then. i can join in safely.
But till then holidayMode = true

HAPPY NEW YEAR IN ADVANCE ALL!


kos
  • #2,503
  • Jan 2, 2013 4:43pm Jan 2, 2013 4:43pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting MPP
Kos has provided probably the simplest method to trade Baskets that i have come across, so you're in the right place to start the intro to baskets - there is no better way to trade.

Please mpp is that all you have to say
then you're being to modest but allow
me to go in a little further......

This is one of those 3-5k courses
the snake oil salesman gets away
with peddling all the time.....but
mind you this is given out for free.....


And if Kos along with all the others
who helped bring this along because
he has stated numerous amounts of time
that many brains went into assembling
this monster to fight back the mega
creature that is forex.....


But if Kos and all the others from t101 days
believe in karma then they will be the luckiest
people on the face of the earth in 2013 for not keeping
this method all to themselves like alot of greedy
wealthy people do who go to their grave with
secrets that they can't take with them in other
words put Kos and staff,up for the humanitarian of the
year award,matter of fact no nomination is needed
just hand it over to them for it will be hard to see
anyone else do any greater good by giving back
real gems to the community peace and happy trading....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #2,504
  • Jan 3, 2013 4:58am Jan 3, 2013 4:58am
Dear Basket Traders On BSKT14 , Seems no stop loss to reverse to selling signal . Was $198.00 . And now it $81.43 ?
Attached File(s)
File Type: docx BSKT14.docx   165 KB | 874 downloads
  • #2,505
  • Jan 3, 2013 7:23am Jan 3, 2013 7:23am
Hi guys ,


2-3 months ago i started reading the 2008 and the t101 thread posted by GVC , i started trying and testing the indicators and i got the feel for how the system works. AND then i found out about this thread and read from page 1 to now twice

first i would like to thank both KOS and GVC , you guys are very inspirational to me . i am only 19 and i really want to work hard to learn everything forex.

I understand it will take time to learn and i have lost in the markets before unfortunately .

i currently have a problem however , i bought a ssd and reformatted it and now the basket indicators or all my indicators don't show the input tab .

i was wondering if you guys would know how to fix that as i couldn't find the same error .

thanks again to GVC and KOS
Attached Image (click to enlarge)
Click to Enlarge Name: Error input.jpg Size: 185 KB
  • #2,506
  • Jan 3, 2013 7:39am Jan 3, 2013 7:39am
Quoting terminator12
Dear Basket Traders On BSKT14 , Seems no stop loss to reverse to selling signal . Was $198.00 . And now it $81.43 ? Attachment
You must set your Equity Trail to true and work out how much it must trail by.
By default it is set to 0.3.

Play with the settings till you understand what they do.....
  • #2,507
  • Jan 3, 2013 8:21am Jan 3, 2013 8:21am
Quoting Gvc
You must set your Equity Trail to true and work out how much it must trail by.
By default it is set to 0.3.

Play with the settings till you understand what they do.....
Dear GvC I put in true in Equity Trail and modify it both to true , And now its not working , and setting is 0.3
  • #2,508
  • Jan 3, 2013 8:32am Jan 3, 2013 8:32am
GvC Now BSKT 14 is working and will see if it is working BSKt 5 is not working and still waiting for colour change , Not yet ,
Attached File(s)
File Type: docx BSKT 5 Now.docx   130 KB | 703 downloads
  • #2,509
  • Jan 3, 2013 9:25am Jan 3, 2013 9:25am
This method is so awesome. Thank you Kos for reviving this basket method. I've been super stealthy and decided to create an account today. I read the original posts a year and a half ago and was using the T101 Monitor that Carl Rodriquez created. It worked great but was difficult to keep track of the pairs as they moved. This method makes it simple and I look forward to lassoing thousands of pips with it! Thanks also to everyone for their contributions. GVC your bot is working excellently!!
  • #2,510
  • Jan 3, 2013 2:22pm Jan 3, 2013 2:22pm
it is fantastic, Kos! I was struggling with Paradox's indi. didn't realise that we can use it to test years.

your results build a solid confidence in this trading style of baskets.

I've thought over an idea:

the SL might have another option. If daily close on the wrong side of the HSA, then EXIT.

this rule may be adjusted loose or tight, for example, two consecutive days close wrong side of HSA or 1 weekly bar on the wrong side of HSA.

I have this idea is because I feel that the basket is very very loyal to the HSA (as you trade the HSA very faithfully -- it has the edge of trending). so if the HSA is disobeyed, the trend is probaby reaching an end. We don't really need to wait for the HSA to change color to exit.

I read all charts you attached. If we tighten SL using this idea, seemingly we'll end up more pips+ for most winning basket, except that 2011 and 2012 do get worse without a sound re-entry method.

The subsequent question is how to re-enter, if anyone applies this idea.


Quoting Kosomolate
so, its not to prove anything but just food for thought, cos I know
many people will say 7 years is not much period to arrive at any reasonable
conclusion. but 52 thousand pips in 7 years is average of 7,500 pips year
and if managed well, and good money invested in it, is something.

kos
  • #2,511
  • Jan 3, 2013 2:49pm Jan 3, 2013 2:49pm
sell trade just happened. Lets see what it do
  • #2,512
  • Jan 3, 2013 6:46pm Jan 3, 2013 6:46pm
I am lost here. I dont see the basket for 60 minutes in the offline charts am i doing something wrong? Also when we want to buy , sell or close the basket how do we do this as the chart is offline for the basket is it not? I click on it and it doesnt even allow me to trade
Thanks
Scott
  • #2,513
  • Jan 3, 2013 9:47pm Jan 3, 2013 9:47pm
Quoting charvo

The subsequent question is how to re-enter, if anyone applies this idea.
There are three ideas that come to mind for reentry.

(Trading long in established uptrend, for example):

1) Watch a lower timeframe than your trade timeframe for HAS to change from one color to the other and then back again. That is, if you are trading on the 1h chart and the HAS is blue, you can watch the 15m chart for a retracement that changes the HAS to red and when it becomes blue again, you can enter long again.

2) On your trade timeframe, wait for price to close lower than a short term MA, then close above it again, then enter. (See chart)

3) On your trade timeframe, wait for RSI to close below 50, then close back above it again, then enter. This seems to be about the same as using 2) above. (Arrows show it.) Take your choice.

The last two seem to work better if there is a strong trend. Basically, it is showing that price is realigning with the stronger trend and the retracement "should" be over. Does it always work? No. Is it better than guessing? Yes.

Could I be wrong? ... Use good money management.
Attached Image (click to enlarge)
Click to Enlarge Name: 0003 - Reentry.png Size: 62 KB
  • #2,514
  • Jan 3, 2013 10:41pm Jan 3, 2013 10:41pm
Quoting sheppy
I am lost here. I dont see the basket for 60 minutes in the offline charts am i doing something wrong? Also when we want to buy , sell or close the basket how do we do this as the chart is offline for the basket is it not? I click on it and it doesnt even allow me to trade
Thanks
Scott
kindly go through the first 10 pages, All you questions are answered there
  • #2,515
  • Jan 4, 2013 5:42am Jan 4, 2013 5:42am
Does anyone know how to delete offline charts from MT4. I have quite a few inactive ones in there and want to get rid of them and start over
  • #2,516
  • Jan 4, 2013 5:53am Jan 4, 2013 5:53am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting dryclean
Does anyone know how to delete offline charts from MT4. I have quite a few inactive ones in there and want to get rid of them and start over

look in the history folder in the MT4 files on your hard drive (mine is C:/program files/MT4). if thats not what your looking for hunt down Hanover and his thread on MT4 question, pretty much know's all you need to know about mt4
  • #2,517
  • Jan 4, 2013 6:10am Jan 4, 2013 6:10am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Owl
Please mpp is that all you have to say
then you're being to modest but allow
me to go in a little further......


But if Kos and all the others from t101 days
believe in karma then they will be the luckiest
people on the face of the earth in 2013 for not keeping
this method all to themselves like alot of greedy
wealthy people do who go to their grave with
secrets that they can't take with them in other
words put Kos and staff,up for the humanitarian of the
year award,matter of fact no nomination is needed
just hand it over to them for it will...
Hi Owl
This isn't about Karma, but if some good is coming our way then i'm sure it won't be turned away.

A few of us agreed some time ago that when we start making the profits we would all do some good with it, essencially the plan was to donate 10% of the profits each month to a local charity - this way the wealth would be spread around the world, no one talks about it or even knows how much the others are making, but it helps keep your perspective on life by looking around for the next group. Next step is to start an actual trading fund for the 10% and look for bigger and longer term projects.

So back to the thread, Kos has shared this here for all to see and use, take a quick count and see how many have already been and gone. like all threads people feel the need to add and change, then lose sight and move on to the next system, eventually they will either quit or find a system that suits there nature, most are looking for high turn over and fast pips, this system takes too long to create the wealth they seek. But a few will stay and I hope they too will learn to give a little back - it's good for the soul.

Hope to see you hanging around, best of pips for 2013.

MPP
  • #2,518
  • Jan 4, 2013 6:10am Jan 4, 2013 6:10am
Quoting dryclean
Does anyone know how to delete offline charts from MT4. I have quite a few inactive ones in there and want to get rid of them and start over
Hi DC!
Happy New Year

look at the upper red box for the path
and the lower red box for the files to delete

kos
Attached Image (click to enlarge)
Click to Enlarge Name: dc.png Size: 102 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #2,519
  • Jan 4, 2013 6:38am Jan 4, 2013 6:38am
Quoting MPP
Hi Owl
This isn't about Karma, but if some good is coming our way then i'm sure it won't be turned away.

A few of us agreed some time ago that when we start making the profits we would all do some good with it, essencially the plan was to donate 10% of the profits each month to a local charity - this way the wealth would be spread around the world, no one talks about it or even knows how much the others are making, but it helps keep your perspective on life by looking around for the next group. Next step is to start an actual trading fund for...
Welcome back everybody!

Hope you had a great 2012? and I wish you a greater 2013 in your trading and other field of human endeavours

agree with you MPP, at a point during one of the BOJ interventions and trades went sour. I posted that the time
has come for men to be separated from boys. that was the point where many people drew back.

This way of trading is not for many people, judging from the number of downloads of the attachment kos.zip at page 2 about 3420 views
from Oct. 24th till now, that means a lot of people come here but they left probably because our pace is too slow, many traders especially the new ones want in-out-in...

On giving back, it sure takes the grace of God to realise that whatever God entrusts into your hand is not for you alone

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,520
  • Jan 4, 2013 9:13am Jan 4, 2013 9:13am
So is there an EA that actually works to trade this strategy? saw one post back on page 48 or 63 of the thread
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