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Still Basketting

  • #5,301
  • Sep 1, 2013 3:11pm Sep 1, 2013 3:11pm
thanks george, now lets see how best we can optimize it and rake in the pips.


Quoting Gvc
Thanks to Nisha, Here is the TLE_3TF_XO (I made a single pair EA that I tested in strategy tester to see that it works) TF1 = 60, BoxSize = 925; TF2 = 60, BoxSize1 = 1230; TF3 = 60, BoxSize2 = 4920. This is 3 x I_XO_A_H indicator on the H1 chart. I have made all the TF the same for one chart cos the signals are not quite the same on H4 =1230 and Daily = 4920 as what they are when all on H1 chart. As usual test on Demo first so that we can first get rid of any bugs.... I have included the .set file for the T101 Basket Trader v2.3 {file} {file}
Trend is your friend...
  • #5,302
  • Sep 1, 2013 7:54pm Sep 1, 2013 7:54pm
not sure if i want to enter long here
Attached Image
Slow and Steady!
  • #5,303
  • Sep 1, 2013 8:08pm Sep 1, 2013 8:08pm
Quoting nisha4x
Hi kos, i have never been a fan of Ea's but liked what i saw in t101 v2.3 as it had the flexibility to do manual trading and how good it managed baskets..i have been discussing with george the trade logic and he will post the TLE for testing . thanks and happy pipping {quote}
Hi everyone, just finished reading the threads and testing it on demo and watching how the basket behave for at least six months.

I am also trading it with mostly discretion, using only HAS to follow trend and take trades. Only using EA to open. The rest all manual.

Can the trade logic include Buy/Sell only condition as well to open the trade?

I am sure discussing the trade logic will benefit everyone. I am concerned the use on different timeframe used may affect the results.
  • #5,304
  • Sep 1, 2013 9:54pm Sep 1, 2013 9:54pm
today is USA banks holiday...

maybe is better to dont trade today?
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,305
  • Sep 1, 2013 10:29pm Sep 1, 2013 10:29pm
Quoting faizpakoh
not sure if i want to enter long here {image}
now i regret for not entering long...
Slow and Steady!
  • #5,306
  • Sep 1, 2013 10:30pm Sep 1, 2013 10:30pm
while is night in USA, price goes up!

http://i41.tinypic.com/al3zhe.jpg

when price crosses the trendline, go away.
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,307
  • Sep 1, 2013 11:05pm Sep 1, 2013 11:05pm
Thanks Tnavi.
  • #5,308
  • Sep 2, 2013 1:27am Sep 2, 2013 1:27am
925 IXOAH and 1230 IXOAH in green since open...already up by 400+ pips..if you are targetting 100 pips a day...this is good enough for a week...rest other days is holiday....the power of this system....
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h1.png Size: 52 KB
Trend is your friend...
  • #5,309
  • Sep 2, 2013 1:28am Sep 2, 2013 1:28am
Fear and under capitlization is the main reason for not pulling the trigger...you have to trust and know the system to take the trades...

Quoting faizpakoh
not sure if i want to enter long here {image}
Trend is your friend...
  • #5,310
  • Sep 2, 2013 1:35am Sep 2, 2013 1:35am
Quoting nisha4x
A Big Salute to KOS and the other contributors for a wonderful thread. Here is my take on the System , keep me in the pips always and gives me overall feel of the trend. The Chart is self explanatory. I usually trade 1hr and ....... {image} {image}
Hi Nisha

You have redefined the basket trading with your new approach. I believed that the basket can be traded better than the present method and I had mentioned in one of my post that some one like you find the right system. I appreciate your effort.

I have a basic question. In the picture shown the IXO 4920 is showing sell signal in H4 and Daily chart. Where as in H1 it is showing Buy signal. With T101 ea placed in all the three charts with different magic numbers. All that I have to pull the triger in each chart separately. The question is should I have to follow the H1 chart signals or the signals by the independent charts separately?

As per your trading rules, Buy trend is confirmed by Daily IXO 4920 of H1 chart. Where as in H4 and Daily charts the Daily IXO is showing still Sell signal. Perhaps this will correct my understanding of your system.

Thanks for sharing.

FxOptimu$
Attached Image (click to enlarge)
Click to Enlarge Name: basket.JPG Size: 183 KB
  • #5,311
  • Sep 2, 2013 2:02am Sep 2, 2013 2:02am
Dear FX-Optimus

I open the 3 timeframes to take trades but my primary chart will be the 1 hr which shows the 925,1230 and 4920 IXOAH, take trades based on them, coz if u take th4 4 hr chart, the IXOAH readings will change,.

For example, if the 1 hr offline chart 925 is green open one basket on the 1 hr tf and trade this till the 1230 changes color or take Profit at levels you are comfortable l , if the 1230 goes green open another one and trade this till it shows reversal on this reading and so on, and if 4920 also changes, then open another one....hope you got my logic...this makes us open 2-3 baskets with the trend direction.


Quoting Fx-optimus
{quote} Hi Nisha You have redefined the basket trading with your new approach. I believed that the basket can be traded better than the present method and I had mentioned in one of my post that some one like you find the right system. I appreciate your effort. I have a basic question. In the picture shown the IXO 4920 is showing sell signal in H4 and Daily chart. Where as in H1 it is showing Buy signal. With T101 ea placed in all the three charts with different magic numbers. All that I have to pull the triger in each chart separately. The question...
Trend is your friend...
  • #5,312
  • Sep 2, 2013 2:06am Sep 2, 2013 2:06am
Each persons tolerance to risk is different, it all comes down to Money Management at the end. If you feel that 400-500 pips a day is enough, then just trade the 925 settings IOAXH and close the system and have a life. Follow the compounding sheet and i sent and u wlll amaze yourself....

My Prefered target levels for 925 are 400-500 Pips, if i get them i close and wait for it to come down and ride it up again.

target for 1230 is 700-1000 pips

Target for 4920 is till it changes trend
Trend is your friend...
  • #5,313
  • Sep 2, 2013 2:18am Sep 2, 2013 2:18am
As KOS was thinking aloud, if only the up trend pierced the 4hr HAS last week, we would have had a blast with the last long trade. Instead we hit friday and it took a dive.
Atleast no money lost..
Faith with Action
  • #5,314
  • Sep 2, 2013 2:26am Sep 2, 2013 2:26am
Trade each day as the charts and the system shows, its really that easy...for sure you will have some loosing days, but overall..this is a solid system to make tons of pips.

Quoting hinnavaru
As KOS was thinking aloud, if only the up trend pierced the 4hr HAS last week, we would have had a blast with the last long trade. Instead we hit friday and it took a dive. Atleast no money lost..
Trend is your friend...
  • #5,315
  • Sep 2, 2013 2:33am Sep 2, 2013 2:33am
Trading this system from the 1 min to the daily is excellent. I just hope people take the effort to practice this on Demo first and see which suits their personality. The holy grail is the person himself. KOS has sown the seeds for lots of future millionaires , just need to be disciplined and not greedy. Never have fear . Never put on a trade if you cannot sleep in the night. Put on the trade, set your profit and stop loss levels and just walk off.

For those who dont have 24 hr access to a computer and have smartphone or tablets, i highly recommend a VPS from your fx broker or one suggested by the broker for 24/7 access to run the EA to take trades on Higher timeframes of 1 hr and higher.

This system is here for free and if it was packaged and sold, it could have earned tons of cash. So just a thought, any of us making money using this system, please share some of the profits to society by giving to charity of your choice.
Trend is your friend...
  • #5,316
  • Edited 2:56am Sep 2, 2013 2:36am | Edited 2:56am
I see resistance around the 160 levels, so those in profit can move their stop loss higher to lock in the profits. Thou this can run upto 163 . So approx profits of 800 pips since the change of 925 IXOAH

My 925 IXOAH basket is closed manually, i see a potential reversal after such a run, so trade safe am off for the day, going out now.
Trend is your friend...
  • #5,317
  • Sep 2, 2013 3:07am Sep 2, 2013 3:07am
S**t!

I only got 450 points of the BMW!

Who could knew that in monday the price has going to move 1000 points?

MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #5,318
  • Sep 2, 2013 3:41am Sep 2, 2013 3:41am
Quoting nisha4x
I see resistance around the 160 levels, My 925 IXOAH basket is closed manually, i see a potential reversal after such a run, so trade safe am off for the day, going out now.
wise decision!


kos
Attached Image (click to enlarge)
Click to Enlarge Name: df.png Size: 25 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #5,319
  • Sep 2, 2013 4:17am Sep 2, 2013 4:17am
nisha4x

thank you for introducing us t oyour modification of this system, looks very powerful. if i understand correctly, the TLE that gvc has worked on would allow a more automated approach is that correct?

even without an automated approach i could trade this easily on the 4hr charts from my smartphone using teamviewer i think, and do it around work

thanks
  • #5,320
  • Sep 2, 2013 4:22am Sep 2, 2013 4:22am
absolutely no doubt, the system is already in place, if ur trading 1hr and higher charts, automation is not needed unless ur sleeping .

Quoting blamshakk
nisha4x thank you for introducing us t oyour modification of this system, looks very powerful. if i understand correctly, the TLE that gvc has worked on would allow a more automated approach is that correct? even without an automated approach i could trade this easily on the 4hr charts from my smartphone using tramviewer i think, and do it around work thanks
Trend is your friend...
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