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Still Basketting

  • #4,661
  • Edited 11:38am Jun 18, 2013 11:15am | Edited 11:38am
Quoting Pippopotamus
{quote} I have a great deal of respect for your thinking/abilities, but I suspect that the MA cross is a critical factor.... In addition, from my experience, a lookback of less than 12 candles on TFs as short as 15 min. is generally, not meaningful... BTW, now that I finally have your attention, I want to say thanks for what you are doing here... A great, and very generous contribution... Thanks, Pippo
Hahaha.....I have always read your posts......I am busy with other small projects in-between and quite honestly am a poor wannabe coder....lol

I hear what you are saying about the Ichi MA,s, but Tnavi and a few other guys only want the Price Bbreak of the Cloud...

The lookback I was talking about is if the Price breaks above the Cloud then the 3 bars prior must be below the outer Cloud..

Can you elaborate on the Price Channel, does the price have to break through?
  • #4,662
  • Jun 18, 2013 11:18am Jun 18, 2013 11:18am
I have been reading lot many discussion on Indies and EAs. It is my opinion that;

1. The HAS has been already tested and proven by KOS and other senior basketers. However, HAS is not good in whipsaw price action as also when big moves in 1 or 2 candles. IXOAH and Ichi are good. But they also have limitations. There are no perfect Indi. All indies have advantages and disadvantages.

2. Some of you are increasingly trying to find solution through EAs. Here again no EA is perfect. Some element of human intervention is required to make the basket trading successful with an EA.

3. I have been using Ichi to prevent entries after the HAS signal. If the basket is inside the cloud we can delay the entry. Later Tnavi was successful in trading the basket using Ichi cloud.

I am not discouraging any one from using the indi of their liking. But let us talk more about the entry and exit opportunities here. That would educate all the basketers including me and the new comers to pick up the trade along to experience the success with the basket. More of trade examples here will help any new trader reading this thread after few years can understand quickly. This is my humble request to everyone. I am open to correct myself if anything I have stated above requires to be.

I also request Traders, who are awake, to join me when the Nikkei opens at 0.00 hrs GMT. For me it will be 5.30 AM. The basket takes its direction from the Nikkei. Some of my entries turned out to be correct in line with HAS.

Let's talk talk talk and talk more on entries and exits. Let's trade together and win over the market and the broker together. As I said before " Trading is not only about making money, it is also about conquering the market, other market participants and most importantly yourself".

Good Luck to all.

FxOptimu$
  • #4,663
  • Jun 18, 2013 12:17pm Jun 18, 2013 12:17pm
Quoting Fx-optimus
But let us talk more about the entry and exit opportunities here. That would educate all the basketers including me and the new comers to pick up the trade along to experience the success with the basket. More of trade examples here will help any new trader reading this thread after few years can understand quickly. This is my humble request to everyone. I am open to correct myself if anything I have stated above requires to be. I also request Traders, who are awake, to join me when the Nikkei opens at 0.00 hrs GMT. For me it will be 5.30 AM. The...
Thanks FX-Optimus -- I need to learn a lot more about entry & exits & like your suggestion. I have been trying to get my entries right by watching the 1000pips mini to see where the JPY is, but had not thought of aligning it to the open of the Nikkei. It will be 10am my time, I'll watch out.
Regards

Larfa
  • #4,664
  • Edited 2:25pm Jun 18, 2013 12:38pm | Edited 2:25pm
Quoting Gvc
{quote} Hahaha.....I have always read your posts......I am busy with other small projects in-between and quite honestly am a poor wannabe coder....lol I hear what you are saying about the Ichi MA,s, but Tnavi and a few other guys only want the Price Bbreak of the Cloud... The lookback I was talking about is if the Price breaks above the Cloud then the 3 bars prior must be below the outer Cloud.. Can you elaborate on the Price Channel, does the price have to break through?
Here is my G/U M15 set-up. Annotations show how I use PC break for reentries. However this morning, instead of trading G/U, I used Basketv8 ind., set at case 2, and used modified scripts to enter G/U+E/U basket, and Steve's MPTM to manage trade... Worked out well.... Hope annotations make clear how I use the Price Channel... If not, let me know... EDIT=== ===== N.B. In this chart price is not<YoYo as annotated... Technically not a fully qualified entry until it is...In this particular method... The chart of the two pr. basket, next post down, is the chart I actually traded and shows price<YoYo... An old man trying to do too many things at one time...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 73 KB
Vincit qui se vincit.
  • #4,665
  • Jun 18, 2013 12:48pm Jun 18, 2013 12:48pm
Here is the chart of the 2 pr. basket... Same template...E/U dampened PA a bit...
Attached Image (click to enlarge)
Click to Enlarge Name: bskt02m15.png Size: 74 KB
Vincit qui se vincit.
  • #4,666
  • Jun 18, 2013 12:54pm Jun 18, 2013 12:54pm
Important Points About TLE's

I have thought about writing this for a few days now and think that with some of the posts of late, I maybe should.

When I first started writing the Basket Trading EA it was merely to make it easier for people to open, close and manually manage SL/TP etc for baskets more easily, it wasn't the original intention to make it a full automatic trading robot (nor should it be).

However people do like certain amounts of automation so I obliged with the introduction of TLE's however this was coupled with a major requirement and that was Market Read. It appears that people seem to have forgotten about market read, which quite simply is amazing as without it no automated system can work.

As we are all aware the market reacts differently on different days, some days we have clear trends, some days clear counter trend and others well range. No single system can effectively (and few have tried including professional for sale robots) determine the market type and trade accordingly.

There are lots of good working systems out there (ie. Kos's HAS method for trending markets, standard bollinger bounce for ranging markets etc) which dependent on being used in the correct market type can work well.

Hence when TLE's were introduced they came with Market Read, ie. one TLE would have different system logic based on what the market was currently doing, we the user would tell the system what was the current market type. All to often at the moment I am seeing TLE's being coded for Market Read N/A which will never work hence requests like having it look back several candle will stop it entering on whipsaw markets etc.

Our brain is the most powerful analytical computer in the world - if we really want to succeed in automating things then adding a little human interaction can only help, remember we are coding in not the strongest programming language available.

Personally I prefer trading without TLE's but seeing as I am the one who let the genie out the bottle by allowing their use in the basket trading EA I think at the very least they should be used correctly.

Regards, John
  • #4,667
  • Jun 18, 2013 12:59pm Jun 18, 2013 12:59pm
Quoting Gvc
FxOptimus I do not use any of the indicators that you mentioned....... I am merely assisting traders that do..... Some traders prefer Ichimoku, some HAS and others XO.....each to his own. You can discuss entries and exits till you are blue in the face, the fact is that it is not a perfect market and you must be able to adapt to conditions. Because most of us are Intraday traders, different indicators suite different conditions....

Thank you for your response sir. I agree and respect your comments.

FxOptimu$
  • #4,668
  • Edited 1:58pm Jun 18, 2013 1:18pm | Edited 1:58pm
Quoting jmw1970
Important Points About TLE's I have thought about writing this for a few days now and think that with some of the posts of late, I maybe should. When I first started writing the Basket Trading EA it was merely to make it easier for people to open, close and manually manage SL/TP etc for baskets more easily, it wasn't the original intention to make it a full automatic trading robot (nor should it be). However people do like certain amounts of automation so I obliged with the introduction of TLE's however this was coupled with a major requirement...
Your ideas for this EA were/are visionary...
Vincit qui se vincit.
  • #4,669
  • Jun 18, 2013 1:25pm Jun 18, 2013 1:25pm
Quoting jmw1970
Important Points About TLE's I have thought about writing this for a few days now and think that with some of the posts of late, I maybe should. When I first started writing the Basket Trading EA it was merely to make it easier for people ...... John
Sir, Please accept my thanks for having created the EA. I had dealt in depth on different types of EAs for quite some time. I knew that no EA can be perfect to be fully automated. From the very beginning I was using your T101 ea only for entries. I need to manually make the exit depending on the market condition. If your T101 ea can make profits in basket trading based on HAS TLE, then a simple HAS ea should be more profitable if deployed in individual pairs. I recently tested this and I found it doesn't work. The basket is very unique in its compositions of pairs and HAS is the only indicator so far given good results for many basketers. There has been few failed attempts with some alternate indicators. I personally believe that there must be some other better way to trade the basket to avoid whipsaw & sudden surge in the market. I have been trying to figure out when ever I get time.

As regard to the "market read", so far I never bothered to find out and use. In brief if you can explain it will be useful.

Thanks once again for your presence here and personally I am proud to have interaction with you.

FxOptimu$
  • #4,670
  • Jun 18, 2013 1:26pm Jun 18, 2013 1:26pm
Quoting Fx-optimus
Closed sell orders with -560 points. The sell orders got trapped in the whip saw price action today. Euro currencies were at play from Euro session onward. Strong EUR, weak GBP, strong CHF have made the basket direction less for most part of the day. The reverse orders in GBPCHF and USDCHF have made lot of difference in this market condition. This is my first full loss after having gone live. Hope I will cover up this during rest of the week. We can expect a strong move after this whipsaw price action as it happened several times before. May be...

let not your heart be troubled fx-optimus
even the long I took since morning only produced +260 pips

don't worry the big move for the week is around the corner, it will pay for the loss
today is just Tuesday, just ensure you don't miss it.



kos
John 3:16 - From THIS love no power on earth can me sever.
  • #4,671
  • Jun 18, 2013 1:33pm Jun 18, 2013 1:33pm
Quoting Kosomolate
{quote} let not your heart be troubled fx-optimus even the long I took since morning only produced +260 pips don't worry the big move for the week is around the corner, it will pay for the loss today is just Tuesday, just ensure you don't miss it. kos
Kos, your positive(!)attitude, and encouraging comments alone are worth 10 vouches. Hard not to make pips following your lead.......Pippo
Vincit qui se vincit.
  • #4,672
  • Edited 1:46pm Jun 18, 2013 1:33pm | Edited 1:46pm
Thank you for the explanation John.

It makes more sense now......

So we can code the HAS into the TLE for Market Read - Long / Short for strong trending market..

In the same TLE we can code the XO or BB for Market Read - Range...

Stupid question - What is the CT Long / Short for again?
EDIT: Don't worry, I found what I was looking for in your pdf...

Excellent - Thank you for giving clarity.

(It must have been painful watching me butcher your TLE,s....lol)
  • #4,673
  • Jun 18, 2013 1:42pm Jun 18, 2013 1:42pm
Quoting Kosomolate
{quote} let not your heart be troubled fx-optimus even the long I took since morning only produced +260 pips don't worry the big move for the week is around the corner, it will pay for the loss today is just Tuesday, just ensure you don't miss it. kos

Thanks Kos. I am confident that I will make it up.

FxOptimu$
  • #4,674
  • Jun 18, 2013 1:57pm Jun 18, 2013 1:57pm
George, Thanks for the vote of confidence.... Patrick
Vincit qui se vincit.
  • #4,675
  • Jun 18, 2013 2:00pm Jun 18, 2013 2:00pm
Quoting Larfa
{quote} Thanks FX-Optimus -- I need to learn a lot more about entry & exits & like your suggestion. I have been trying to get my entries right by watching the 1000pips mini to see where the JPY is, but had not thought of aligning it to the open of the Nikkei. It will be 10am my time, I'll watch out. Regards Larfa
Yes sir, it is the 'entry' that matters the most in basket trading. In my opinion it is not simply change of color in HAS in M15 or M60. It is depended on the price action slope. I enter in M5, M15,M30 and M60 depending on the slope of the price action. To optimise your end result You should not miss any entry. After my demo when I started live trading I missed many entries due to various factors and I was reluctant to enter in the middle. Couple of weeks practice you can easily make it.

As regard to Nikkei, USDJPY moves along with Nikkei. In turn USDJPY influences other JPY pairs. For example this morning the Nikkei moved up slowly. But I fixed my mind and waiting to enter short since yesterday. finally few JPY pairs pushed up the basket. Where as I got stuck in short position. Try and have an eye on the Nikkei. The basket moves almost in line with Nikkei.

I am with you sir. Let's travel together.

FxOptimu$
  • #4,676
  • Jun 18, 2013 2:21pm Jun 18, 2013 2:21pm
I came across an HAS indi made by Steinitz, who turned out to be a scamster selling EAs based on this indi. The HAS that we are using in the chart is shown as bar in the bottom. The advantage is you can see the HAS in 4 time frames at a time. I tried this indi in basket charts and found it very convenient.

Condition : If you are using the indi in a M5 basket, then you must have the offline chart of M15, M30, M60. Or else your MT4 will become stand still. Simillarly for M15 you should have the next three offline chart opened in the mt4.

With this you can watch only M5 or M15. You can see what is the status of HAS in the next higher time frame charts. I have already modified with HAS 2 9 2 12. You change it to your requirement.

This is only to KISS.

FxOptimu$
Attached File(s)
File Type: mq4 HAS Bar 2 9 2 12.mq4   10 KB | 438 downloads
File Type: ex4 HAS Bar 2 9 2 12.ex4   10 KB | 322 downloads
  • #4,677
  • Jun 18, 2013 4:51pm Jun 18, 2013 4:51pm
the turn to open my hearth has arrived. (No gore version )

im a forex "trader" since 2008 and i have proved a lot of diferent systems (some with more luck and others less)

how all the people know, the life puts everyone on your site. Now, i have a 11 months children and i need a lot of free time. in my work i spend 8 or 9 hours everyday and i dont want to stay a lot of more in front of the pc.

this method give me this freedom that im looking for....and also give me a lot of pips

in 4 months that im working with this method, i have won around 8000 points is a crazy number!

from my trading style:

i only work in 15 min chart with a ichimoku indi and a EMA 2.

the good idea of this method is that u dont need to be thinking whats the price is going to do. If EMA cross below the cloud, i enter selling and vice versa....without thinking about it or to where... just enter, take my mobile to follow the price and play with my child.

why the EMA is so important?

EMA 2 if slower than price and this is an advantage because a lot of times the EMA touch the "inside wall" of the cloud and it continues for the same way.

this is a this afternoon example.

http://i43.tinypic.com/bex4s3.jpg

if we follow the price, we had entered buying and 30 minutes later, i will closed our longs and opened a new short and then a new long,....(-a lot of points....). With the EMA, we have saved aroung 200 points

If George (or benwillus, or another great programmer of this thread)can one of these days manages to find the perfect key of the TLE with this set up, we can have a very important tool to this community.

The cloud give us more cleaner enters than HAS and we save a tons of points with this.

I send a mp to gvc a few days ago if he can something like that idea. My idea is activate this EA when in going to bed to dont lose entries.

i too need to sleep. I cant continue carrying the pace of trading that I have taken during this time only sleeping around 3 hours at day,

i really need a application to activate and go to sleep,

finally i want to say that im doing a lot of friend with this thread. all of u have a friend in Spain,

regards and good night!!

(sorry for my horrible english )
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #4,678
  • Jun 18, 2013 6:06pm Jun 18, 2013 6:06pm
Quoting Fx-optimus
...Condition : If you are using the indi in a M5 basket, then you must have the offline chart of M15, M30, M60. Or else your MT4 will become stand still. Simillarly for M15 you should have the next three offline chart opened in the mt4. With this you can watch only M5 or M15. You can see what is the status of HAS in the next higher time frame charts. I have already modified with HAS 2 9 2 12. You change it to your requirement...FxOptimu$ {file} {file}
Thx Fx for this AMAZING find - really valuable BUT...
Is it POSSIBLE to get someone to recode this so that the above "condition" is eliminated?
IMAGINE having this indicator on the M15 WITHOUT requiring the other offline charts to be opened? NOW THAT would be REALLY something wouldn't it?
Maybe GVC can help...anyone? Someone? Please?
My job: I speculate and manage risk.
  • #4,679
  • Jun 18, 2013 7:48pm Jun 18, 2013 7:48pm
Quoting TyLamai
{quote} Thx Fx for this AMAZING find - really valuable BUT... Is it POSSIBLE to get someone to recode this so that the above "condition" is eliminated? IMAGINE having this indicator on the M15 WITHOUT requiring the other offline charts to be opened? NOW THAT would be REALLY something wouldn't it? Maybe GVC can help...anyone? Someone? Please?
Without the supporting offline charts it is not possible. Just create all the charts that you are interested to watch.

FxOptimu$
  • #4,680
  • Jun 18, 2013 7:52pm Jun 18, 2013 7:52pm
Quoting Pippopotamus
George, Thanks for the vote of confidence.... Patrick

Thank you, sir, for making fun of people. I appreciate your sense of humor.

FxOptimu$
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