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Still Basketting

  • #4,501
  • Jun 12, 2013 10:29pm Jun 12, 2013 10:29pm
Quoting hewtwok
{quote} hi Gvc is this an EA? hmm...my mt4 seems to indicate it as indicator and unable to load as EA am i missing something thanks.
Not something bro. Lot many things here. You require lot of reading in this thread to understand what is happening. Spend some time. You will appreciate.

Happy reading.

Fx...$
  • #4,502
  • Jun 12, 2013 10:51pm Jun 12, 2013 10:51pm
Quoting Fx-optimus
{quote} Not something bro. Lot many things here. You require lot of reading in this thread to understand what is happening. Spend some time. You will appreciate. Happy reading. Fx...$
hi thanks.

i will read it.

was following the thread in its early days, but did not knw it has moved
  • #4,503
  • Jun 12, 2013 11:21pm Jun 12, 2013 11:21pm
Quoting hewtwok
{quote} hi thanks. i will read it. was following the thread in its early days, but did not knw it has moved
Hewtwok see post 4447
And please do read every single post in this thread, trust me it is worth it
  • #4,504
  • Jun 13, 2013 1:37am Jun 13, 2013 1:37am
one millon of thanks george for the !TLEs.

im testing the IXOAH and gives me a prety +1000 points in this pretty down,

in 5 min chart (830)

http://i44.tinypic.com/2s9p3cj.jpg

sometimes does something strange, but it works great
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,505
  • Jun 13, 2013 1:59am Jun 13, 2013 1:59am
george, my ea entry long but IXOAH dont is green...

the config is 830 in 5 min chart.

http://i42.tinypic.com/kb4qdu.jpg

whats happen?
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,506
  • Jun 13, 2013 2:01am Jun 13, 2013 2:01am
The USD pairs are in correction mode of their uptrend since yesterday. The JPY pairs continue their down trend. This set up is getting the pips in the basket. May be after some time the USD pairs will resume their uptrend and the JPY pairs will get into correction mode up. That will be the time to get out of this present trade.

Fx...$
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
  • #4,507
  • Jun 13, 2013 2:27am Jun 13, 2013 2:27am
I don't think the IXOAH indi works well on lower timeframe such as 5min, because price is ranging most of the time. It may work on higher TF.

GKarl
  • #4,508
  • Jun 13, 2013 3:36am Jun 13, 2013 3:36am
Quoting GKarl
I don't think the IXOAH indi works well on lower timeframe such as 5min, because price is ranging most of the time. It may work on higher TF. GKarl
You are right. IXOAH works good in H4 with 800 setting. But you require higher than 560 stop loss. But the reward is more. See physical back testing of the indicator in H4 basket14. Leave these experiments to the senior basket experts. Trade with HAS 2 9 2 12 in M15 for at least 4 weeks in a demo. Then switch over to live trading and continue with the MM of 0.01 lot size for a USD1000 account. This has worked successful for many basketers. So just follow the successful basketers instead of testing different indicators and eas'. This system works. Just follow. I am mentioning these things to make it clear specifically to many new ( and some old) members coming in here. I am glad that the thread got revived with some active members. I expect more members to come in here and get benefited out of this system.

Fx...$
  • #4,509
  • Jun 13, 2013 4:33am Jun 13, 2013 4:33am
Quoting Fx-optimus
{quote} You are right. IXOAH works good in H4 with 800 setting. But you require higher than 560 stop loss. But the reward is more. See physical back testing of the indicator in H4 basket14. Leave these experiments to the senior basket experts. Trade with HAS 2 9 2 12 in M15 for at least 4 weeks in a demo. Then switch over to live trading and continue with the MM of 0.01 lot size for a USD1000 account. This has worked successful for many basketers. So just follow the successful basketers instead of testing different indicators and eas'. This system...
Hello...

I'm reading this thread several days and now will start test the system. This is the only system I will follow.
Fx-optimus, can you tell me results of that demo account after 4 weeks? If is not a problem.

Thanks
  • #4,510
  • Jun 13, 2013 4:43am Jun 13, 2013 4:43am
That is correct, just one thing...you can go live even with smallest account (200 USD) if you use Core 5 and it will be less less stressful.

P.



Quoting Fx-optimus
{quote} You are right. IXOAH works good in H4 with 800 setting. But you require higher than 560 stop loss. But the reward is more. See physical back testing of the indicator in H4 basket14. Leave these experiments to the senior basket experts. Trade with HAS 2 9 2 12 in M15 for at least 4 weeks in a demo. Then switch over to live trading and continue with the MM of 0.01 lot size for a USD1000 account. This has worked successful for many basketers. So just follow the successful basketers instead of testing different indicators and eas'. This system...
"The fear of loss is a path to the Dark Side." >> Yoda
  • #4,511
  • Jun 13, 2013 4:55am Jun 13, 2013 4:55am
@benwillus, im testing yout !TLE.

the truth, which is what I wanted. The ema 2 is best that price with the cloud.

if I see something wrong I mention u.
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,512
  • Jun 13, 2013 6:22am Jun 13, 2013 6:22am
I find the indices sometimes are a leading indicator for the currency pairs.-and in the UK at least you can trade them with very small margin.

I have been experimenting with some different baskets - Heres a basket of Wall street, UK100, DAX and S&P together.
After the massive BULL run its due a retrace...
Attached Image (click to enlarge)
Click to Enlarge Name: indd-07-h4-activtrades-plc.png Size: 13 KB
  • #4,513
  • Jun 13, 2013 6:50am Jun 13, 2013 6:50am
Quoting Danci
{quote} Hello... I'm reading this thread several days and now will start test the system. This is the only system I will follow. Fx-optimus, can you tell me results of that demo account after 4 weeks? If is not a problem. Thanks
I demo traded this system on several accounts. Some accounts made 40% profits and some made lesser. Few accounts gone into losses. All these accounts were operated on different time frames and different HAS settings. Like many others I stumbled up on this thread in Nov'12 while searching for multiple currency trading systems. Basket trading is safe (one can lose their account), Emotion free trading, very simple to trade (even a beginner can trade the system successfully). I hope my feed back will help you and other new comers here.

FxOptimu$
  • #4,514
  • Jun 13, 2013 7:01am Jun 13, 2013 7:01am
Quoting Fx-optimus
{quote} I demo traded this system on several accounts. Some accounts made 40% profits and some made lesser. Few accounts gone into losses. All these accounts were operated on different time frames and different HAS settings. Like many others I stumbled up on this thread in Nov'12 while searching for multiple currency trading systems. Basket trading is safe (one can lose their account), Emotion free trading, very simple to trade (even a beginner can trade the system successfully). I hope my feed back will help you and other new comers here. FxOptimu$...
One more question. After testing, what settings work best for you (TF, HAS settings, 5 or 14 pairs)? Do you use some other indicators?

Thanks one more time ;-)
  • #4,515
  • Jun 13, 2013 7:38am Jun 13, 2013 7:38am
Quoting Fx-optimus
The USD pairs are in correction mode of their uptrend since yesterday. The JPY pairs continue their down trend. This set up is getting the pips in the basket. May be after some time the USD pairs will resume their uptrend and the JPY pairs will get into correction mode up. That will be the time to get out of this present trade. Fx...$ {image}
Just closed yesterday's sell orders with +780. The basket touched +1000 two times and retraced up. As discussed in my previous post above the USD pairs (AUDUSD/NZDUSD) resumed their uptrend and the JPY pairs (AUDJPY/NZDJPY) corrected up. Due to this the basket dropped to +550. I waited for the market to come back. It did come back and was testing around +900. I closed the trades as I was getting buy signal. I will decide to enter after the US data releases.

Observation :

1. As I said before immediately after an aggressive move by the basket just check USD & JPY pairs whether they have run out of steam, Pivot levels etc. Just close the orders to pocket the profit at the peak.
2. It is stressful to watch the basket to come back after allowing it to retrace.
3. Small profits give boost to your confidence in basket trading. Sort of basket scalping.
4. If the trend continues we can always re-enter in a M5 chart.

Secrete of success in basketing is "the entry" which according to me depends on judgement based on price action. Basket price action is much different from any individual pair. Continuous observation of the basket price action will give an idea to decide on from which chart we should enter the basket. i will discuss in detail about this subject as I find the key is in here to skyrocket your income.

I am just quoting my experiences as I am trading the basket. I hope this would help some of you.

FxOptimu$
  • #4,516
  • Edited 10:15am Jun 13, 2013 7:58am | Edited 10:15am
Sorry if this has been discussed...Have to catch up on my reading!! However, has the issue of reentries been satisfactorily resolved? A Price Channel may serve us well in making our reentries. Here is my EA set-up. M15 Ichi Cloud, 5 pr. ...My suggestion is that a reentry short be taken only on break (20-25 pips) of Price Channel. Shown in 2nd chart. ...Gvc, any chance that you will add this option??? Pippo
Attached Image(s) (click to enlarge)
Click to Enlarge Name: t1055paircloud.gif Size: 46 KB
Click to Enlarge Name: t1055paircloudwithsellstop.gif Size: 46 KB
Attached File(s)
File Type: tpl t1055paircloud.tpl   6 KB | 280 downloads
File Type: ex4 PriceChannel.ex4   2 KB | 248 downloads
File Type: mq4 PriceChannel.mq4   2 KB | 280 downloads
Vincit qui se vincit.
  • #4,517
  • Jun 13, 2013 8:15am Jun 13, 2013 8:15am
Quoting Danci
{quote} One more question. After testing, what settings work best for you (TF, HAS settings, 5 or 14 pairs)? Do you use some other indicators? Thanks one more time ;-)

Answers to your questions are there in my post 4508 above.

FxOptimu$
  • #4,518
  • Jun 13, 2013 8:25am Jun 13, 2013 8:25am
Entered Long.

FxOptimu$
  • #4,519
  • Jun 13, 2013 8:51am Jun 13, 2013 8:51am
Quoting manuel_fx
I find the indices sometimes are a leading indicator for the currency pairs.-and in the UK at least you can trade them with very small margin. I have been experimenting with some different baskets - Heres a basket of Wall street, UK100, DAX and S&P together. After the massive BULL run its due a retrace... {image}
Hi Manuel_fx. If it wouldn't be too much trouble please could you give me this template? Thanks in anticipation.
My job: I speculate and manage risk.
  • #4,520
  • Jun 13, 2013 9:25am Jun 13, 2013 9:25am
Quoting TyLamai
{quote} Hi Manuel_fx. If it wouldn't be too much trouble please could you give me this template? Thanks in anticipation.
Hey its pretty much the standard chart, just with lines drawn and the XO indicator settings 700.

I modded the basket indicator attached, just change what the indices are called with your own broker to generate the basket chart.
Num of pairs should be kept to 7.
Attached File(s)
File Type: mq4 Basket IND FINAL.mq4   9 KB | 501 downloads
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