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Still Basketting

  • #3,381
  • Feb 7, 2013 10:12am Feb 7, 2013 10:12am
Quoting WideEyed
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.
That would be a solid tactic/move if we were in a range. Going long right now looks like asking for grief. Better yet,you could wait for M15 to switch to a buy,then take a sell the next time it occurs. Today's PA has been all over the place. I stuck to only GBP longs,cos of the EG correction.
It is possible to make large sums trading, small losses, large wins
  • #3,382
  • Feb 7, 2013 10:13am Feb 7, 2013 10:13am
Basketeers awake!!!! E/J plummeting... May get some downside basket action.... p.s. ...I know, a bit late with this...
Attached Image (click to enlarge)
Click to Enlarge Name: ejsell.gif Size: 40 KB
Vincit qui se vincit.
  • #3,383
  • Feb 7, 2013 10:16am Feb 7, 2013 10:16am
Quoting Croissant
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...
Looking at your screenshot, you shld have gotten out atleast BE today. This morning, the EU,GU,GJ,EJ and several yen pairs were up, that should have given you enough profit to activate the BE option on the EA. I'm assuming cos I dnt use the EA.
It is possible to make large sums trading, small losses, large wins
  • #3,384
  • Feb 7, 2013 10:19am Feb 7, 2013 10:19am
Quoting Pippopotamus
Basketeers awake!!!! E/J plummeting... May get some downside action....
Lol..were you asleep?
Its been tanking after the ECB rates/remarks.
It is possible to make large sums trading, small losses, large wins
  • #3,385
  • Feb 7, 2013 10:20am Feb 7, 2013 10:20am
Quoting omadivi
Lol..were you asleep?
Its been tanking after the ECB rates/remarks.
In fact, I was asleep, but not before shorting E/J... Pippo
Vincit qui se vincit.
  • #3,386
  • Feb 7, 2013 10:21am Feb 7, 2013 10:21am
Quoting omadivi
Looking at your screenshot, you shld have gotten out atleast BE today. This morning, the EU,GU,GJ,EJ and several yen pairs were up, that should have given you enough profit to activate the BE option on the EA. I'm assuming cos I dnt use the EA.
No.
My BE is 150 pips as mentioned in my post. Not achieved.
Tighter BE equals losing profits in some situations.
  • #3,387
  • Edited 6:17pm Feb 7, 2013 5:06pm | Edited 6:17pm
Quoting Croissant
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...
Similar here, my ea is on 2,15,2,15 HAS. Looking at 3, probably 4 losses lately, with a -ve & a +ve BE.
Well, ea is not handling the ranging period very good at all.
Thinking cap on for working out if/how to add a "NoTradingInRanging" switch. Doesnt quite look like a "ReverseTradingInRanging" so far. The PA swings just manage to switch the HAS color, then PA changes.

cheers scalpz
Target 2 : Stoploss in the green
  • #3,388
  • Feb 7, 2013 6:27pm Feb 7, 2013 6:27pm
Quoting scalpz
Similar here, my ea is on 2,15,2,15 HAS. Looking at 3, probably 4 losses lately, with a -ve & a +ve BE.
Well, ea is not handling the ranging period very good at all.
Thinking cap on for working out if/how to add a "NoTradingInRanging" switch. Doesnt quite look like a "ReverseTradingInRanging" so far. The PA swings just manage to switch the HAS color, then PA changes.

cheers scalpz

I think this is why they have the Market Read button. Obviously, it does not tell you when the market is ranging, but if you think the market is ranging, you can try the "CT Long" and "CT Short" in Market Read (CT=counter trade for those not familiar). I think what this does is it sells a basket when HAS turns BLUE (not a typo!), and probably counter trades against the HAS signal until color changes again.

I experimented with this but I cannot conclude definitely because my MT4 demo crashed a couple of times in the last 2 days. That said, I had a BUY when there should have been a sell. It closed in small pip profits because of BE+

Does anyone know more details about the CT Long and CT Short?

Thanks,
SK
  • #3,389
  • Feb 7, 2013 7:18pm Feb 7, 2013 7:18pm
Quoting WideEyed



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.
Thank you, WideEyed. I will start on this... May be I will be profitable in the next century
  • #3,390
  • Feb 8, 2013 1:07am Feb 8, 2013 1:07am
Quoting scalpz
Similar here, my ea is on 2,15,2,15 HAS. Looking at 3, probably 4 losses lately, with a -ve & a +ve BE.
Well, ea is not handling the ranging period very good at all.
Thinking cap on for working out if/how to add a "NoTradingInRanging" switch. Doesnt quite look like a "ReverseTradingInRanging" so far. The PA swings just manage to switch the HAS color, then PA changes.

cheers scalpz
Just a tip: before (the week of) major central bank announcements, markets tend to be choppier, after they tend to be smoother. Decreasing size before and increasing size after might be one way to deal with the inevitable chop before the major news announcement.
  • #3,391
  • Feb 8, 2013 1:52am Feb 8, 2013 1:52am
This is me testing out my UJ round number theory.
I closed out all my shorts just as the UJ went below 93,although it really looks bearish,but I think we may have a breather before a possible re-entry.
It is possible to make large sums trading, small losses, large wins
  • #3,392
  • Feb 8, 2013 1:54am Feb 8, 2013 1:54am
Quoting omadivi
That would be a solid tactic/move if we were in a range. Going long right now looks like asking for grief. Better yet,you could wait for M15 to switch to a buy,then take a sell the next time it occurs. Today's PA has been all over the place. I stuck to only GBP longs,cos of the EG correction.
Hey wideeyed,
Hope you didn't go long, and hope you took the M15 signal. Taking a break for now.
It is possible to make large sums trading, small losses, large wins
  • #3,393
  • Feb 8, 2013 3:40am Feb 8, 2013 3:40am
Help!

So I decided to commit and set up a VPS with a new install of IC Markets MT4. I set up all my charts and installed the latest rev of T101 on the 14 pair H1 chart. The first buy was a loss. This didn't bother me as it showed me that the EA was working as far as closing one trade and opening another on the HAS colour change. The issue came with the following sell trade. As you can see in the chart below it retraced roughly 400 pips then returned back to it's downward movement. As it hit approx $50 profit it closed the trade! I had no TP set and it hadn't yet been near my BE or trailing stop. I included a screen shot of the settings. For interest sake I had the BE set at 200 to lock in 20. Also I was trading 0.1 lots per pair. Does anyone know why it closed the trade? Is there an obvious setting I messed up?
Attached Image (click to enlarge)
Click to Enlarge Name: T101 Overall to Resize.png Size: 23 KB
Attached Image
Everyone's got a plan until they get punched in the face
  • #3,394
  • Feb 8, 2013 3:45am Feb 8, 2013 3:45am
Quoting FXEZ
Just a tip: before (the week of) major central bank announcements, markets tend to be choppier, after they tend to be smoother. Decreasing size before and increasing size after might be one way to deal with the inevitable chop before the major news announcement.
Nice tip FXEZ. I have personally observed the pre-major news choppy market over two years now. What I do as a safe measure is to take signal from the lower TF (15 mins down) putting the major trend of the daily or 4hr into consideration. This way I make some pips but not as much as I would have made in the 1 HR TF or higher. My only problem with this is the screen time which I do not always have.

The idea of "decreasing size before and increasing size after" is another safe measure I will personally put to test.
Enter Signature
  • #3,395
  • Feb 8, 2013 3:52am Feb 8, 2013 3:52am
Quoting omadivi
This is me testing out my UJ round number theory.
I closed out all my shorts just as the UJ went below 93,although it really looks bearish,but I think we may have a breather before a possible re-entry.
Just saw the charts,lost out on about 200pips with that early close. UJ broke through 93,got close to 92 and pulled back up.
I guess I should have been looking at 92..LOL
I'm watching the usd pairs, they hardly reacted to the drop. Done with the yen for today. Green pips!!
It is possible to make large sums trading, small losses, large wins
  • #3,396
  • Feb 8, 2013 5:20am Feb 8, 2013 5:20am
If UJ is the main currency influencing the Yen pairs then break of 91.85 the UJ can crash to 90.78 and 90.12 tgt

as long as UJ is above 91.85 it is strong . only below this it can crash it enters sell below 90.78 for tgt 90.12. so some fun in yen pairs . UJ has reversed from 93.83 . it hit 94.05
  • #3,397
  • Feb 8, 2013 5:21am Feb 8, 2013 5:21am
Damn...Yesterdays sells gave me almost 3000 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 116 KB
  • #3,398
  • Feb 8, 2013 11:12am Feb 8, 2013 11:12am
Hi Kos

i have my chart set up if i want to take a sell how do i place a order

Attached Image (click to enlarge)
Click to Enlarge Name: 2013-02-08_1702.png Size: 72 KB
  • #3,399
  • Feb 8, 2013 2:55pm Feb 8, 2013 2:55pm
Quoting deotoknow
Hi Kos

i have my chart set up if i want to take a sell how do i place a order

Attachment
Hi Deo,

You have the T101 EA setup on that chart. Are you using it for auto trading or just signaling? It's generally used for auto trading which means it will take the sell when the HAS colour changes to red on your chart. If you want to manually enter the sell due to a re-entry signal on a lower time frame you can use the original script "TradeHedgeSELLALL" or double click and drag the "Sell Basket" button on the T101 EA dashboard. Since you're only just starting out I'd steer clear of taking re-entries. Instead I'd be picking a single time frame and only taking trades on the correct HAS colour change signal.
Everyone's got a plan until they get punched in the face
  • #3,400
  • Feb 10, 2013 2:48pm Feb 10, 2013 2:48pm
Quoting zhirgal
Damn...Yesterdays sells gave me almost 3000 pips...
~~~~~~~~~
Dear Kos, and all :

thank you for all members help each other, and give us so great bts system,
I download basket v8 and HAS, teat demo account at my mt4, for 14 pairs, and then, I view lots of post , write by memebers,
talk about risk of Basket, I am curious about basket risk,??

Does we trade 8 pairs of Basket will lower risk than we trade 14 pairs basket ??

My personal view, the more pairs will separate our risk at trade Forex , if we focus on single pairs, like EURUSD, it is need to calculate Risk / reward ratio ,

Now, we trade basket ( 14 pairs, or 8 pairs ) use HAS, I also need to deal with Loss and SL, when PA corss HAS, Signal happen to me ~~~

Up to today, my EA of T101 V2.3 , still not work at demo account, does T101 V2.3 need to setting correctly by ourself, because you see the T101 user manual, there are lots of setting inside ...

if we do not use EA to trade Basket, we need to monitor its Price action from time to time, periodly to view its move at our PC, It may cause our energy 24 hours everyday ~

sometimes, I get some profit when HAS signal happen, it look a great system to me, I m still curious about the risk of Basket trade, doe it lower risk than trade a single pairs like GBPUSD, USDJPY ?

thank you for all,

SCOTT
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