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Still Basketting

  • #3,161
  • Jan 27, 2013 8:23am Jan 27, 2013 8:23am
the reason why I said if its anything else its something else is this

1. the core-5 is half of the optimized 12-2 basket and it is very suitable for those with small accounts and is also synched

2. I strongly believe in the equalizing factor of the 12-2 pairs just as pointed out by DKNY and wideEyed
and I enjoy the insulation from the risk of trading one currency like JPY and call it basket. That synchronization of
those pairs is what makes a basket a basket. [IMHO]

3. Trading yen or usd group to one side is one sided take it or leave it.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,162
  • Edited 10:11am Jan 27, 2013 9:01am | Edited 10:11am
Quoting TraderJoe
People can't just be nice and learn something without getting the ego all bruised...
Sorry sir, I never knew you wanted to teach, but it would have been better done on a new thread.

I trade c-5 on 1min TF, same offline charts but different HAS setting, but I cannot share it here cos I even consider it diversionary enough and may cause confusion, not to even talk of the one that is off the charts.

Quote
You know, I simply take people litterally for their word expecially when they invite me to share things that I have learned through...
there is no turn around, you can still share on what we have here without introducing other variations.

Quote
But don't worry I will now take a back seat to all you younger whipper-snappers that are making money hand-and-fist and find another place to join up with.
take whatever seat you want, am comfortable with that

Quote
P.S. Anyone know where the adult lounge is around here?
it is here far away from we kids


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #3,163
  • Jan 27, 2013 11:47am Jan 27, 2013 11:47am
i'd like to point out that we do thank Julius as the inventor of the idea

however, that's pretty much where it stops. nothing more or nothing less.

as a bottom line, Julius never even made the idea profitable (with proof) and that's why the original idea is gone, baby, gone!

this trading whole basket on an offline chart is invented NOT by him but an effort by late comers. and it is solely studied and promoted by Kos after his initial attempts received diminished attention. he tried again and made it a solid and promising system, and honestly, i see nothing about T101 here except 14 pairs, but hey, 5 pair, or 6,7,8,9, they are all same. you try and you'll know.

Quoting TraderJoe
it belongs to Julius the real inventor of the basket systems. He knows more than anyone about how to make money and he has not even shared half of what he knows because of the same kind of disrespectful bologna in all these threads.
  • #3,164
  • Jan 27, 2013 12:28pm Jan 27, 2013 12:28pm
Quoting TraderJoe
So explain the core 5 then. It was not part of this system either until someone suggested that Julius was teaching it. Well he's also teaching the yen and usd baskets.

Sorry I mentioned it! I'll not mention anything else I discover that makes money here ok.
Core 5 is traded exactly the same way as the 14 pairs using the the exactly the same strategy.
For all intents and purposes you could argue that you aare eyeballing the same charts if you didn't realise.

As far as this thread is concerned, your method is off topic.
I'm sure there are folks here who would like to know more about your angle on things including me as "knowledge is power" however, it
will only pad this already voluminous thread out and possible confuse newcomers.
Psalms 82:6: Forex Must Bow!
  • #3,165
  • Jan 27, 2013 12:32pm Jan 27, 2013 12:32pm
Quoting TraderJoe
So explain the core 5 then. It was not part of this system either until someone suggested that Julius was teaching it. Well he's also teaching the yen and usd baskets.

Sorry I mentioned it! I'll not mention anything else I discover that makes money here ok.
He's also teaching jumping pairs, optimised baskets, he might even be teaching clowns how to juggle and I'm sure he'd have an audience.
Unfortunately, here's not the place. And I was just trying to point out the reason why you had the responses you did.
Psalms 82:6: Forex Must Bow!
  • #3,166
  • Jan 27, 2013 1:44pm Jan 27, 2013 1:44pm
@ Traderjoe; Stephenoye and KOS (BOSS): I humbly appeal for a stop of this argument. If this continues I'm quite sure this thread will be heavily cluttered.

Just my half cent!.
Enter Signature
  • #3,167
  • Edited 2:18pm Jan 27, 2013 2:00pm | Edited 2:18pm
Kos,

Once again thank you for sharing this system.

This is my result (real cash) on core5 from 7th Jan 2013 to 24th Jan 2013. ( Didn't have time to trade on 25th.)

Ist account: Equity: From $434 to $830

2nd account: Equity: From $500 to $891.37

I still have this week to round up my test for the first month. However glad I am for the result so far.



P/s: Just my little way of changing the tone of the thread from argument to $$$
Enter Signature
  • #3,168
  • Jan 27, 2013 3:24pm Jan 27, 2013 3:24pm
Whowww... Buddy that may be too much of disrespect to the person who started this all!!! You were there in the beginning and you are of Julius trusted lieutenant and now that he is not around you start making statement that you are not even sure. The original idea is never gone and it lives on. People like you come and go but the idea stays.

Show me a person among these new guys including yourself that is profitable with your basket trading in real account... I beat my last penny that almost all of you are in demo account. You don't know anything about Julius trading and you talk like you know everything. Why cant you just leave the man in peace. Leave it like that.

Let me inform you that the real Basket Traders are not found in Forex Factory. These are the traders that read your posts in this thread and laugh their rear-off.

Leave the dude alone.

Joven


Quoting charvo
i'd like to point out that we do thank Julius as the inventor of the idea

however, that's pretty much where it stops. nothing more or nothing less.

as a bottom line, Julius never even made the idea profitable (with proof) and that's why the original idea is gone, baby, gone!

this trading whole basket on an offline chart is invented NOT by him but an effort by late comers. and it is solely studied and promoted by Kos after his initial attempts received diminished attention. he tried again and made it a solid and promising system, and...
  • #3,169
  • Jan 27, 2013 3:28pm Jan 27, 2013 3:28pm
Quoting stephenoye
He's also teaching jumping pairs, optimised baskets, he might even be teaching clowns how to juggle and I'm sure he'd have an audience.
Unfortunately, here's not the place. And I was just trying to point out the reason why you had the responses you did.
Wow, i really can believe you guys!!! Please stop disrespecting the person that started this all!!!You will not be here if not of his idea.
  • #3,170
  • Jan 27, 2013 4:06pm Jan 27, 2013 4:06pm
Quoting Dkny
Wow, i really can believe you guys!!! Please stop disrespecting the person that started this all!!!You will not be here if not of his idea.
You're missing the point Dkny.

Much respect to Julius - the guy is a genius.
I wasn't there when this started but I've read the whole thread and some of his threads elsewhere and there is no doubt he's tops.
My point to TJ was that we are not dealing with everything that he taught and teaches on this thread.

Just to re-iterate - I think the man is a legend if for nothing else, for being the originator of a megapipper and sharing it freely.
Psalms 82:6: Forex Must Bow!
  • #3,171
  • Edited 8:35pm Jan 27, 2013 8:21pm | Edited 8:35pm
Quoting Myff
Kos,

Once again thank you for sharing this system.

This is my result (real cash) on core5 from 7th Jan 2013 to 24th Jan 2013. ( Didn't have time to trade on 25th.)

Ist account: Equity: From $434 to $830

2nd account: Equity: From $500 to $891.37

I still have this week to round up my test for the first month. However glad I am for the result so far.



P/s: Just my little way of changing the tone of the thread from argument to $$$
-- Back to business --
Wow nice work Myff, any chance of some (edited) screen shots.

Would really like to see what selection of the programs you are using and their settings, your lot size to acct size + broker.

So I can compare to my little 400 mini demo pip trade

cheers scalpz
Target 2 : Stoploss in the green
  • #3,172
  • Jan 27, 2013 8:49pm Jan 27, 2013 8:49pm
As i have mentioned to Kos in the early part of this thread. I think everyone here would like to bring this system to perfection. For this to happen, Basket Trader should evolve. Suppressing ideas is not really evolving.

This is the mistake even during the time of T-101 himself. As a suggestion i think we should allow if someone is presenting new ideas. Let us not be so dismissive that he is cluttering the thread. Who are we protecting anyways? The new guys coming to the thread? Really? I just dont know why you keep responding to those redundant questions. Learn IGNORE. It is not your obligation to educate them.

Well that is only my 2 cents and i could be wrong. It all the depends on the owner of this thread if he allows it.

To TJ: i hope he comes back, I am starting to like his method already and would like to study more his ways but now the guy runs away with his ideas.

Guys, be inclusive not exclusive!!!

Joven
  • #3,173
  • Jan 27, 2013 8:49pm Jan 27, 2013 8:49pm
core 5 and basket 14 are both very good for playing on a longer time frame , i was wonder if one can scalp the core 5 on a lower time frame say 50 -100 pips . if one can do that safely like we do in basket , then it becomes a complete solution to all types of trades .

if the system can work on higher time frame then it should work in lower time frame as well . we just need to decipher it.
  • #3,174
  • Jan 27, 2013 10:42pm Jan 27, 2013 10:42pm
Quoting Dkny
As i have mentioned to Kos in the early part of this thread. I think everyone here would like to bring this system to perfection. For this to happen, Basket Trader should evolve. Suppressing ideas is not really evolving.

This is the mistake even during the time of T-101 himself. As a suggestion i think we should allow if someone is presenting new ideas. Let us not be so dismissive that he is cluttering the thread. .......

..... would like to study more his ways but now the guy runs away with his ideas.

Guys, be inclusive not exclusive!!!

Joven...
Wow, a breath of fresh air thanks
  • #3,175
  • Jan 28, 2013 12:54am Jan 28, 2013 12:54am
Quoting piptastic7
Hello,

What made you sell GBP and Yen rather than to buy?

Thanks!
It wld seem there has been some "ego-bruising".
This is what I say,"suck it up"..In this business,the most important factor is you,not anyone else's analysis or trading comment.
One simple trick for knowing when to sell the GBP, watch the EG. It has been in a very strong up trend,thus severely weakening the GBP. The economic data from the UK has also been a string of disappointments.
It is possible to make large sums trading, small losses, large wins
  • #3,176
  • Jan 28, 2013 3:28am Jan 28, 2013 3:28am
Quoting omadivi
It wld seem there has been some "ego-bruising".
This is what I say,"suck it up"..In this business,the most important factor is you,not anyone else's analysis or trading comment.
One simple trick for knowing when to sell the GBP, watch the EG. It has been in a very strong up trend,thus severely weakening the GBP. The economic data from the UK has also been a string of disappointments.
Thanks again for the insight.
Off to eyeball the EG.
Psalms 82:6: Forex Must Bow!
  • #3,177
  • Jan 28, 2013 7:08am Jan 28, 2013 7:08am
Wow... brilliant thread.. Ive been reading it s l o w l y from the start, up to page 170ish now, but you guys are posting so fast it's hard to catch up!

Much credit and thanks too all the basketeers, especially Mr Kos and those who kindly and patiently repeat the advice and support over many threads and have contributed great indicators and EAs like GVC and Paradox.

Now, back to my reading...
  • #3,178
  • Jan 28, 2013 7:59am Jan 28, 2013 7:59am
posible re-entry in 1h chart¿

http://i48.tinypic.com/2ivxjtc.jpg
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #3,179
  • Jan 28, 2013 8:40am Jan 28, 2013 8:40am
Quoting dryclean
In the T101 ea the Buy(or Sell) Basket P/L was always off a bit. My broker charges a commission

I edited the EA and change this line from

gd_Profit.Loss += OrderProfit() + OrderSwap() - OrderCommission();

to

gd_Profit.Loss += OrderProfit() + OrderSwap() + OrderCommission(); // was -

The orderCommisson was minus I made it plus now it is equal to the balance line in MT4
Thanks dryclean.. I was wondering how to fix that...
  • #3,180
  • Jan 28, 2013 8:55am Jan 28, 2013 8:55am
This thread becomes so fat, it becomes very hard to summarize and test all basket system versions. I read around the 50 first pages of the Kos and T101 threads, you did so great developments. You are very kind to share your systems with everybody.

Thanks a lot to Kos and all BTS' contributors. I hope I also could bring my point of view about BTS.

Please, I would like to get precisions about MM's calculation for BTS. Here is how I calculate my MM for basic trading (i.e 1-pair trading on EurUsd pair, for example):

Capital 1,000 USD
Risk (in %) 3%
Risk (in USD) 30 USD (1,000 USD x 3%)
Lever 1:500
Lot size 0.1
Exchange rate 1.33 (EurUsd exchange rate)
USD/pip 0.75 (Lot size x 10 / Exchange rate)
Required margin 20 USD (Lot size x 100,000 / Lever)
Stop loss 40 pips (Risk in USD / USD/pip)
Maximum loss 30 USD (Stop loss x USD/pip)

Here is my questions:
1/ I chose a high lever (1:500, maximum lever proposed by Alpari) and a low lot size (0.1), and I would like to know if you also noticed that if we choose a high lever and a low lot size, we minimize our required margin?
2/ I tried to calculate MM for BTS (14-pairs trading), and I obtained this:

Capital 1,000 USD
Risk (in %) 3%
Risk (in USD) 30 USD (1,000 USD x 3%)
Lever 1:500
Lot size 1.4
Exchange rate 155 (Offline exchange rate, sum of the 14 pairs)
USD/pip 0.09 (Lot size x 10 / Echange rate)
Required margin 280 USD (Lot size x 100,000 / Lever)
Stop loss 332 pips (Risk in USD / USD/pip)
Maximum loss 30 USD (Stop loss x USD/pip)

I have a doubt about the offline exchange rate. Please, could you tell me which exchange rate do you take to calcule your MM? Did you always take into consideration Lever and Exchange rate, to calculate your MM?

PS: Sorry if my english is not always very well.
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