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Still Basketting

  • #3,361
  • Feb 6, 2013 1:48am Feb 6, 2013 1:48am
Quoting unimak
BUY signal KOS 14 HAS 2 15 2 15
Core 5, HAS 2,11,2,11.
EA took sell earlier this week. Then closed sell in loss, took buy.
Waiting for month's end to judge results.
  • #3,362
  • Feb 6, 2013 3:38am Feb 6, 2013 3:38am
Hi Guys,

Looks like I've missed out on a bulk of pips in the 3 days I've been away.
I moved house last weekend and to say the least, I didn't know it'd be this difficult.

I'm still without broadband @ home so I'll be quite passive for another week I think.
I'll see if I can join in where possible.

Happy pipping.
Psalms 82:6: Forex Must Bow!
  • #3,363
  • Feb 6, 2013 3:38am Feb 6, 2013 3:38am
Quoting Kosomolate
use the forceLoadHistoricalData indicator to download and update your history
its likely the data you have is smaller than the maxbar you specified in the basketv6 indicator

alternatively, keep reducing the maxbar of basketv6 until H4 shows up, but I would prefer to do the 1st option


kos
Thanks to everyone who sent me PMs with suggestions.

Kos,
I loaded the forceLoadHistoricalData script today and it worked a treat.

Thanks again everyone.
Psalms 82:6: Forex Must Bow!
  • #3,364
  • Feb 6, 2013 3:41am Feb 6, 2013 3:41am
Quoting Gvc
One of the guys here is busy with the jumping stop function in the EA....
Lets see how he goes...
I'm without internet @ home for a bit so won't be able to do much.
My first test worked but seemed to exit too quickly. I may have set the JS too tight.
Will resume as soon as I'm back up and running.

Cheers
Psalms 82:6: Forex Must Bow!
  • #3,365
  • Feb 6, 2013 6:17am Feb 6, 2013 6:17am
The thread has been really quiet. We had a sell signal on monday,which quickly changed to a buy signal. I use the H1 charts. The UJ crossed the 94 handle and took some rejection, that brought down most of the yen pairs.
Did anyone notice that the rapid bullish move on the yen pairs started just as the UJ touched the 92 area?
This is just food for thought. Anytime the UJ reaches a new round number area,there's usually a reaction from the "following" yen pairs. At today's rejection, EJ dropped abt a 100pips, the GJ about 50pips,its not an exact science. Just a suggestion, these areas can be used as exit/entry points. For example,I could have closed my buy basket as the UJ touched 94, and wait for a possible re-entry.
Its not an exact science and may not always work,but just something worth keeping in mind.
It is possible to make large sums trading, small losses, large wins
  • #3,366
  • Feb 6, 2013 6:27am Feb 6, 2013 6:27am
Quoting omadivi
The thread has been really quiet. We had a sell signal on monday,which quickly changed to a buy signal. I use the H1 charts. The UJ crossed the 94 handle and took some rejection, that brought down most of the yen pairs.
Did anyone notice that the rapid bullish move on the yen pairs started just as the UJ touched the 92 area?
This is just food for thought. Anytime the UJ reaches a new round number area,there's usually a reaction from the "following" yen pairs. At today's rejection, EJ dropped abt a 100pips, the GJ about 50pips,its not an exact...

Thanks Omadivi.

I was trying the rejection theory out on the offline charts last week before I dropped out.
Looked good but then I thought there might be a big move as the rejection was on a H4 chart so I eliminated my BE and got canned.
I think that was the natureof the choppy beast last week anyway.

I'll study more.

Thanks again for your valued insight.
Psalms 82:6: Forex Must Bow!
  • #3,367
  • Feb 6, 2013 6:35am Feb 6, 2013 6:35am
Looks like this week is quite choppy.
Maybe another loss buy is at the making.
Waiting for some move. Maybe tomorrow some important news (look at the calendar here) will move the basket.
Just following HAS, no brain included.
  • #3,368
  • Feb 6, 2013 7:17am Feb 6, 2013 7:17am
Quoting omadivi
Did anyone notice that the rapid bullish move on the yen pairs started just as the UJ touched the 92 area?
This is just food for thought. Anytime the UJ reaches a new round number area,there's usually a reaction from the "following" yen pairs. At today's rejection, EJ dropped abt a 100pips, the GJ about 50pips,its not an exact science.
I could argue that the H1 shows a clear up trend and that the best time to buy is when the bar touches the lower trend line. Or that there was an inverted head and shoulders on the 22-23 Jan, or that a resistance level at circa 157 held on 17-18th, 25-28th and 30 of Jan and that when it was broken on the 31st that signalled a move upwards. Or that some fundamentals changed, that an NFP announcement meant we shouldn't have followed the buy/sell signal or that China's aggressive actions towards a Japanese navy ship means we have to get out of our positions.

But all that defeats the simplicity originally intended i.e. follow the chart's buy/sell signals.

I'm testing my theories on multiple demo accounts with one account following HAS and another going in and out of positions based on my judgment, but the latter is obviously very subjective and not what Kos is about.
  • #3,369
  • Feb 6, 2013 7:19am Feb 6, 2013 7:19am
Quoting stephenoye
Thanks Omadivi.

I was trying the rejection theory out on the offline charts last week before I dropped out.
Looked good but then I thought there might be a big move as the rejection was on a H4 chart so I eliminated my BE and got canned.
I think that was the natureof the choppy beast last week anyway.

I'll study more.

Thanks again for your valued insight.
Hi,
I dnt apply the round numbers to offline charts. Can you explain what happened or a screenshot? Was it a buy or sell basket?
And by rejection,I mean the inability of UJ to stay above or below a round number.
It is possible to make large sums trading, small losses, large wins
  • #3,370
  • Feb 6, 2013 11:14am Feb 6, 2013 11:14am
These are the setups I have seen lately.

The first one, I shorted and was in profit a minimum of 500 pips at one point. Then price spiked up fast and took me out at BE.

The second, I did not take. It was the huge run up that slammed me on the last trade. By the time the 15 HAS changed color, price was near the last swing high. Not much room to move. You could have made a little before it turned though. I don't think it would be worth the risk.

The third, I shorted but price retraced and stopped out at BE. It still doesn't show any signs of turning bullish yet, but I don't feel like getting too aggressive shorting now against the blue 4h uptrend and that last big run up.

So, there were three decent setups. No losses. I'm OK with that while waiting for a good trend to start.
Attached Image (click to enlarge)
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  • #3,371
  • Feb 6, 2013 12:39pm Feb 6, 2013 12:39pm
Quoting PistolDave
These are the setups I have seen lately.

The first one, I shorted and was in profit a minimum of 500 pips at one point. Then price spiked up fast and took me out at BE.

The second, I did not take. It was the huge run up that slammed me on the last trade. By the time the 15 HAS changed color, price was near the last swing high. Not much room to move. You could have made a little before it turned though. I don't think it would be worth the risk.

The third, I shorted but price retraced and stopped out at BE. It still doesn't show any signs...
Good call Dave. I'm up a few pips this week. I got lucky and got out of my long last night before it turned down, but the main reason was because I still can't figure out the T101 Basket Trader EA to lock me in at BE. So I've got to manually watch the chart.
  • #3,372
  • Feb 6, 2013 10:46pm Feb 6, 2013 10:46pm
Does anyone know in which thread the T101 EA was developed? I have the PDF instructions, but would like to learn more about using the Market read functions - especially, the CT Long, CT Short, etc.

Does anyone know how exactly these functions work? OR could you point me to the development of the T101 EA thread?

Thanks

SK
  • #3,373
  • Feb 6, 2013 10:50pm Feb 6, 2013 10:50pm
So far so good this week! Thank you SO MUCH, KOS! I'm slowly learning and getting a feel of the system. Although, it appears simple to begin with, it requires a lot of patience and balls of steel as you rightly put it in one of your posts.

I'm nowhere near that level, but hope I can someday.
Attached Image
  • #3,374
  • Feb 7, 2013 12:49am Feb 7, 2013 12:49am
Quoting WideEyed
I could argue that the H1 shows a clear up trend and that the best time to buy is when the bar touches the lower trend line. Or that there was an inverted head and shoulders on the 22-23 Jan, or that a resistance level at circa 157 held on 17-18th, 25-28th and 30 of Jan and that when it was broken on the 31st that signalled a move upwards. Or that some fundamentals changed, that an NFP announcement meant we shouldn't have followed the buy/sell signal or that China's aggressive actions towards a Japanese navy ship means we have to get out of our...
I must have missed your post yesterday. China's aggressive action towards a navy ship,really??..that's funny,even though am sure that was not the intent.
1. This is a basket system that is heavily affected by the yen pairs,if you get the direction of the yen pairs right,you will always be in the money,whether you are taking buy or sell signals.
2. The UJ as far as I'm concerned is a major concern to the BOJ,so in most cases when the UJ is heading up,the other yen pairs are usually heading up. Now for a system that is heavily influenced by the yen pairs,would you not want to know what the UJ is doing?
I get that you are a PA trader,trendlines and all,I was just stating an observation and suggestions for possible exits and entries.
Fyi,some forecasts are calling for the UJ to hit 95,if that happens,the EJ and GJ could easy make 200-300pips upwards. Isn't that something u'd want to know?
I've said too much,but what you don't know can actually kill you..
It is possible to make large sums trading, small losses, large wins
  • #3,375
  • Edited 5:59am Feb 7, 2013 4:57am | Edited 5:59am
omadivi, let me be honest: Far from being a trader, I'm a raw newbie just trying to find his feet. So I'm not a PA trader or any type of trader really, I'm just a student of trading.

That said, I agree with you that there is a heavy JPY influence. I agree also that the way to make maximum gain here might be to use fundamentals, TA and whatever other tools we have at our disposal. That does, however, detract from Kos. I would love to explore the best ways of trading this, how we can interpret various signals etc etc., but I fear it would be taking his thread off-course and I don't think he would be very happy.

Yeah, the Chinese locked radar on a Jap ship the other day. If the FTSE dropped or the price of cotton jumped or a grandmother in Anchorage sneezed that day no doubt many of the commentators and financial reporters would have grabbed on to the "escalating tensions in Asia" as the cause. Trading the news seems to be dangerous as the news, ironically, doesn't seem to know what's happening On a related note, I am reminded of an ol' saying: buy the rumour, sell the news. So maybe the news is useful in a contrarian kind of way

Quoting Sk29
Does anyone know in which thread the T101 EA was developed? I have the PDF instructions, but would like to learn more about using the Market read functions - especially, the CT Long, CT Short, etc.

Does anyone know how exactly these functions work? OR could you point me to the development of the T101 EA thread?

Thanks

SK
It's here: http://www.forexfactory.com/showthread.php?t=112522. Good luck. If you're going to read all of that you're going to have to commit a few centuries of the rest of your life. But if you find the explanation for all that stuff I would really appreciate if you updated us as I've long wondered what it all meant.
  • #3,376
  • Feb 7, 2013 5:50am Feb 7, 2013 5:50am
Hi All,

Been trying this great but simple system on micro .01 lot account, well i am a micro trader only. I had a good day yesterday with 2 sell baskets. And also had 1 sell basket in positive at 6am GMT & then when I woke up the trend had changed. It hadnt hit my SL but I had to close in negative & I was also too late opening the buy basket..In the early days of this thread few guys were talking about automating this system..wondering if anybody has it & would be willing to share it..

Another query was I am using the same account to carry my own trades as well, how to do I use CloseAll just to close the basket trades & leave my own trades alone..

Thanks guys

Hats off to kos & other contributors for this great & simple system..

Chiao
Be the change that you want to change
  • #3,377
  • Edited 7:24am Feb 7, 2013 7:10am | Edited 7:24am
Hey guys just wondering what are your has settings for 4 hr and daily ? Are they still 2 15 2 15 ?
  • #3,378
  • Feb 7, 2013 8:33am Feb 7, 2013 8:33am
Hi Kosomlaite

thank you for your trading system

I have just put the attached files in mt4 is there a PDF to show how to take a trade

many thanks
  • #3,379
  • Feb 7, 2013 8:47am Feb 7, 2013 8:47am
Three losses taken this week, with maybe fourth in the making.
Core5 1H HAS color change method.
HAS 2,11,2,11 (with HAS 2,15,2,15 this week would be almost the same, some losses smaller, some losses bigger).
Attaching picture of this week. Trades taken automatically, BE of 150pips not achieved.
5 month accurate backtest (september 2012 to january 2013) shows only 2 consecutive losses this big. Maybe 3 consecutive losses, but not this big in pips. So it's first time in 6 months this system mildly fails. Or not so mildly?

I'm nervous, requesting assistance.
Attached Image (click to enlarge)
Click to Enlarge Name: core5-h1-has.PNG Size: 39 KB
  • #3,380
  • Feb 7, 2013 9:19am Feb 7, 2013 9:19am
Croissant, based on technical analysis rather than the H1 HAS, now would seem to be a good time to go long on the basket. That's what I'm doing.

But this would contradict the HAS signal which has gone short.
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