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Still Basketting

  • #5,321
  • Sep 2, 2013 4:24am Sep 2, 2013 4:24am
counter trend can be taken with caution from 161-163 levels, for atleast 400-500 pips down , what say Kos. if counter trading, go down to 5 min or 15 min and counter trade for 100-200 pips

Quoting Kosomolate
{quote} wise decision! kos {image}
Trend is your friend...
  • #5,322
  • Sep 2, 2013 4:42am Sep 2, 2013 4:42am
Quoting nisha4x
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.... {image}
Hi Nisha,

Bit confused with this post. You say you have activated 2x long positions based on the IXOAH being green on the 925 & 1230 but at the time the daily IXOAH was still red? Earlier you said that you only traded in direction of the daily?

Thanks,
baz.
  • #5,323
  • Sep 2, 2013 4:44am Sep 2, 2013 4:44am
the 4920 IOAXh was green , check it please. I entered on the yellow vertical line, when the daily was in green. My entry was around 152.08 . i had not setup the EA at that time, so took the manual and then managed it.



Quoting wingate
{quote} Hi Nisha, Bit confused with this post. You say you have activated 2x long positions based on the IXOAH being green on the 925 & 1230 but at the time the daily IXOAH was still red? Earlier you said that you only traded in direction of the daily? Thanks, baz.
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h1.png Size: 43 KB
Trend is your friend...
  • #5,324
  • Sep 2, 2013 4:45am Sep 2, 2013 4:45am
Quoting wingate
{quote} Hi Nisha, Bit confused with this post. You say you have activated 2x long positions based on the IXOAH being green on the 925 & 1230 but at the time the daily IXOAH was still red? Earlier you said that you only traded in direction of the daily? Thanks, baz.
Yes Nisha, because of this rule you mentioned in your post I missed the entry in the morning.

Fx...
  • #5,325
  • Sep 2, 2013 4:48am Sep 2, 2013 4:48am
Quoting nisha4x
the 4920 IOAXh was green , check it please {quote}
It was in red intially. After about 6 H1 candles the Daily IXO turned green. Please see the picture uploaded in my post previous page.

Fx..
  • #5,326
  • Sep 2, 2013 4:56am Sep 2, 2013 4:56am
I had marked the yellow line as it was a resistance area and took one basket on 1 hr , and took the other basket once all were in place. Sometimes discretion is also required but trading with trend is always safer.

Quoting Fx-optimus
{quote} It was in red intially. After about 6 H1 candles the Daily IXO turned green. Please see the picture uploaded in my post previous page. Fx..
Trend is your friend...
  • #5,327
  • Sep 2, 2013 4:57am Sep 2, 2013 4:57am
Quoting nisha4x
the 4920 IOAXh was green , check it please. I entered on the yellow vertical line, when the daily was in green. My entry was around 152.08 . i had not setup the EA at that time, so took the manual and then managed it. {quote} {image}
Sorry that red vertical line drawn on your chart was not the entry correct? You waited for the daily to turn green and close before entering long I presume that is what you are saying?

Thank you.
baz
  • #5,328
  • Sep 2, 2013 5:10am Sep 2, 2013 5:10am
thats great i shall start trading this from tomorrow

re: the TLE that Gvc is working on , is it correct that would allow trading automatically on the lower timeframes? and is there a timeframe/s you would recommend for this system?

one more question what is roughly the average number of baskets on a given tradign month trading the H4? thanks


Quoting nisha4x
absolutely no doubt, the system is already in place, if ur trading 1hr and higher charts, automation is not needed unless ur sleeping . {quote}
  • #5,329
  • Edited 5:48am Sep 2, 2013 5:38am | Edited 5:48am
Quoting wingate
{quote} Sorry that red vertical line drawn on your chart was not the entry correct? You waited for the daily to turn green and close before entering long I presume that is what you are saying? Thank you. baz
I am not sure he use some discretion.
Yen weakened against the major currencies. This morning was driven by news that Abe policy backing from government to weaken the yen further and play down on Syria strike. Speculators will keep coming in fast. Typical Yen behavior.

Even if you got on the wrong side, you could have exit right away and hop on at the Japanese lunch break.
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  • #5,330
  • Sep 2, 2013 6:01am Sep 2, 2013 6:01am
Attached Image (click to enlarge)
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  • #5,331
  • Sep 2, 2013 6:23am Sep 2, 2013 6:23am
Hi Nisha

So far so good. Your approach is definitely a winner and you have proved it. Can you please through some light on your stop loss strategy if the H1 trade goes against you. As also on your H4 and daily trades.

Can assume that you must have made more than 20K pips to make up your achievement last month apart from some manual trades. Some stats on the number of basket trades etc. will give some idea about your performance.

Fx...
  • #5,332
  • Sep 2, 2013 6:39am Sep 2, 2013 6:39am
Hi FX

there has been 2 BE in the run i have gone thru on the 1 hr. approx 10 baskets on them On the 4 hr, i have had all wins - 4 baskets . Daily had just 3 baskets all winners.

For Stop Loss, i usually take the previous 2 swing lows and see if the risk is 1:1 and place my SL there. But since i have taken trades only with the trend, so my stop losses have not been hit.

We really cant quantify the pips or the baskets as each month, each week is different, therefore just go with the flow.



Quoting Fx-optimus
Hi Nisha So far so good. Your approach is definitely a winner and you have proved it. Can you please through some light on your stop loss strategy if the H1 trade goes against you. As also on your H4 and daily trades. Can assume that you must have made more than 20K pips to make up your achievement last month apart from some manual trades. Some stats on the number of basket trades etc. will give some idea about your performance. Fx...
Trend is your friend...
  • #5,333
  • Sep 2, 2013 6:50am Sep 2, 2013 6:50am
Since the 1 Hr trades are intraday, i have added this additional condition , that if 925 and 1230 are confirming same, take first basket. Once the 4920 also confirms, add another basket. Move to BE once its up by 250 Pips .

if you back test and see, this condition also is good for intra day trades .
Trend is your friend...
  • #5,334
  • Edited 10:19am Sep 2, 2013 7:59am | Edited 10:19am
Dear George

Trading 2 - 3 T101 v2.3 on one MT4-Account-Instance is what I'm doing for a while
What I did
I rename by editing each to use T101EA (ex. add TF)
I rename by editing each to use TLE (ex. add TF and setting)
after Renaming
I delete one old EA in the EA Directory in MT4 (refreshes the EA Directory)
I delete one TLE in the additional Indicator Directory in MT4 (refreshes the Add. Indicator Directory)

Then I let the 2-3 EA's run with different magic Numbers.

I still got incremented Basket Numbers in the comment line of the Trading History

I don't know if this is all necessary? but I wanted to be sure that an EA doesn't interfere at all with the other, by opening and closing at the same Moment while
Price is climbing or falling during high speed conditions. (ex. at the end of a ranging period)

What do you think George?
Is it enough to have just different Magic numbers?
Or is there still some danger hidden to my eye's?

I did all this as I wanted to go as sure as possible as I can !!

Happy Multiple parallel TF Basketing
  • #5,335
  • Sep 2, 2013 8:05am Sep 2, 2013 8:05am
Anyone want to counter trend, opportunity as 161-162 resistance is held, but US is off today...so take with caution...could get about 300-400 pips
Attached Image (click to enlarge)
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Trend is your friend...
  • #5,336
  • Sep 2, 2013 8:21am Sep 2, 2013 8:21am
Howa61 please check your inbox, Isent you a PM about the RSIOMA shared by Gvc earlier on
Never lose money
  • #5,337
  • Sep 2, 2013 11:24am Sep 2, 2013 11:24am
Quoting eisebatti
Dear George Trading 2 - 3 T101 v2.3 on one MT4-Account-Instance is what I'm doing for a while What I did I rename by editing each to use T101EA (ex. add TF) I rename by editing each to use TLE (ex. add TF and setting) after Renaming I delete one old EA in the EA Directory in MT4 (refreshes the EA Directory) I delete one TLE in the additional Indicator Directory in MT4
Hi Eisebatti

If I understand you correctly it should work.......
Most important factor is to have different Magic Numbers on each EA.

All,

The TLE I posted is only good for re-entries into an established trend and does not open an order at the start of a new trend.

I will post a new TLE that does both soon.......
  • #5,338
  • Sep 2, 2013 1:30pm Sep 2, 2013 1:30pm
Quoting Gvc
{quote} Hi Eisebatti If I understand you correctly it should work....... Most important factor is to have different Magic Numbers on each EA. All, The TLE I posted is only good for re-entries into an established trend and does not open an order at the start of a new trend. I will post a new TLE that does both soon.......
Does that mean that this TLE opens even 2-3 Baskets when Trend is given? , If I did catch correctly the way Nisha4X explained his way of getting superpips.
Its so wonderful what you are making possible here,, curious and waiting for the next superrise features :-) Thanks
  • #5,339
  • Sep 2, 2013 1:52pm Sep 2, 2013 1:52pm
The TLE_3TF_XOv1 should now work for our different conditions.
This is what jmw1970 meant about the "Market Read" function in the EA.

Load the T101 Basket Trader v2.3 onto H1 offline chart & change the following settings in box.
Set the "UseMarketRead" = true.
Change the name in "TLEUsed"= TLE_3TF_XOv1
Set your Lot size, TP and SL to what you want.

Double click the text "MARKET READ - NONE" and move it anywhere on chart.
The text will change every time you move it.
Change it to your desired strategy.....e.g...

MARKET READ - Long. The EA will only take long basket trades if the IXOAH 925 candle turns green immediately and the IXOAH 1230 and IXOAH 4920 are also both green.

MARKET READ - Short. Opposite to MARKET READ - Long.

MARKET READ - Range. The EA will take a Buy or Sell basket if the IXOAH 4920 immediately turns Green or Red.

MARKET READ - CTLong. The EA will only take long basket trades if the IXOAH 925 candle turns green for 2 bars and the IXOAH 1230 and IXOAH 4920 are also both green.

MARKET READ - CTShort. Opposite to MARKET READ - CTLong.
Attached Images
Attached File(s)
File Type: mq4 !TLE_3TF_XOv1.mq4   9 KB | 558 downloads
  • #5,340
  • Sep 2, 2013 2:52pm Sep 2, 2013 2:52pm
thanks george!
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