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Still Basketting

  • #5,341
  • Sep 2, 2013 3:04pm Sep 2, 2013 3:04pm
FANTASTIC , sent u an email pls check . I want to test this same logic on a 1 min chart to see if its working, so pls let me know where i have to change the settings in the TLE


Quoting Gvc
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...
Trend is your friend...
  • #5,342
  • Sep 2, 2013 3:24pm Sep 2, 2013 3:24pm
thanks george thats great
  • #5,343
  • Sep 2, 2013 3:56pm Sep 2, 2013 3:56pm
nisha4x

Very interesting idea as to how to trade the 14 pair baket.

If you have time I would be interested in how you would have traded the area on your chart I have circled.

I appreciate your response and many thanks for all the insight as to how you trade.

Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h1.png Size: 39 KB
  • #5,344
  • Sep 2, 2013 4:20pm Sep 2, 2013 4:20pm
i would have traded only short side as the 4920 trend was down. periods like this are where support and resistance plays a role, you can clearly see that a traders discretion is needed. i have followed ur posts and look foward to see an ea with the trade logic setup.


i usually setup my SL at recent swing high and swing lows, therefore on these tràdes if taken would have not hit stop loss for short trade but long would have been hit.

am off to bed now. happy pipping



Quoting seller9
nisha4x Very interesting idea as to how to trade the 14 pair baket. If you have time I would be interested in how you would have traded the area on your chart I have circled. I appreciate your response and many thanks for all the insight as to how you trade. {image}
Trend is your friend...
  • #5,345
  • Sep 2, 2013 4:32pm Sep 2, 2013 4:32pm
Quoting nisha4x
i would have traded only short side as the 4920 trend was down. periods like this are where support and resistance plays a role, you can clearly see that a traders discretion is needed. i have followed ur posts and look foward to see an ea with the trade logic setup. {quote}
Yes that is true if you were using the 4920 to confirm, looks like 2 short trade losses, you will always have a few of these, just hope to keep them small.

I am testing your ideas in an EA at the present time to see how the EA would handle it going blindly along like EAs do.

Should see some results maybe by the end of the week or so. It missed that last long as it was looking for confirmation from the 4920, if it had looked at just the 925 and 1230 it would probably still be in that trade and would now have 4920 confirmation and would have maybe added another basket to the trade.
At this point is where the trader must decide if he is up against resistance and should take some profit or let the EA blindly go on, or at least the EA should move the SL up.

Good Luck
  • #5,346
  • Sep 2, 2013 4:38pm Sep 2, 2013 4:38pm
if you can enter one basket one confirmation of 925 and 1230 , and add another basket if the first basket is in profit, that can be good. No one can predict what happens to markets, they can change in a second.

if you see today, even after all 3 were in line, you could have got atleast 300 to 400 pips.

the 4920 controls ur losses as you will ask Ea to take trades only in direction of the 4920 trend for 925 and 1230 baskets.




Quoting seller9
{quote} Yes that is true if you were using the 4920 to confirm, looks like 2 short trade losses, you will always have a few of these, just hope to keep them small. I am testing your ideas in an EA at the present time to see how the EA would handle it going blindly along like EAs do. Should see some results maybe by the end of the week or so. It missed that last long as it was looking for confirmation from the 4920, if it had looked at just the 925 and 1230 it would probably still be in that trade and would now have 4920 confirmation and would have...
Trend is your friend...
  • #5,347
  • Sep 2, 2013 7:57pm Sep 2, 2013 7:57pm
Nisha,

thanks for sharing your idea and GVC for coding the TLE....

As far as I recall kos is using 800 blocks I-XO-A-H on H4, would you mind telling me how you derived your block settings for the three tfs you use...

Cheers & thanks again / Mop
  • #5,348
  • Sep 3, 2013 12:26am Sep 3, 2013 12:26am
trial and error, its just 2 months now, so its still not 100% tested, thats why those who are still not sure, need to test out on demo and then venture live.

Quoting mobthehop
Nisha, thanks for sharing your idea and GVC for coding the TLE.... As far as I recall kos is using 800 blocks I-XO-A-H on H4, would you mind telling me how you derived your block settings for the three tfs you use... Cheers & thanks again / Mop
Trend is your friend...
  • #5,349
  • Sep 3, 2013 4:01am Sep 3, 2013 4:01am
15 min sell in place....Sl is todays high
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.png Size: 35 KB
Trend is your friend...
  • #5,350
  • Sep 3, 2013 4:42am Sep 3, 2013 4:42am
Quoting nisha4x
15 min sell in place....Sl is todays high {image}
Here is the situation again!!!
Be careful my alpariuk demo H4 xo1230 feed didn't jump down to a sell
my australian superfast low spread feed live just gave me the same 2 sell bars as shown above

this is critical!!!!! and brings whole a lot of more losses in H4!!!
What to do change Broker or change XO???

And which brings me to the technical question is there a need for TF H8 ??
  • #5,351
  • Sep 3, 2013 5:29am Sep 3, 2013 5:29am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting nisha4x
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 {image}
Nope - why bother, everything else is long and it could still keep going. we're about 1000points of the high of the 12 week range we've been stuck in - SL could be hit with ease in the completion of the long run.

the question is ? "whats driving this"

if you know the answer to this then yes, trade the short or hold the long, but if not, trade only what the charts tell you, and that to me is LONG.

do love your trading though, using the higher TF's etc to confirm direction.
  • #5,352
  • Sep 3, 2013 6:00am Sep 3, 2013 6:00am
Hi nisha4x

Interesting stuff you have presented. Do you reverse the GBPCHF and USDCHF pais in your trading? Does anyone reverse these pairs anymore for that matter?
  • #5,353
  • Sep 3, 2013 7:04am Sep 3, 2013 7:04am
Well said, but seems price is unable to pierce the 163 resistance. Waiting for market to trigger . Trend still shows UP, so be safe to follow it.

This is why having a eye on higher timeframes can be really good, avoid these whipsaw days,

1000 pips a week is more then enough with 2% risk , grows account really fast

Quoting MPP
{quote} Nope - why bother, everything else is long and it could still keep going. we're about 1000points of the high of the 12 week range we've been stuck in - SL could be hit with ease in the completion of the long run. the question is ? "whats driving this" if you know the answer to this then yes, trade the short or hold the long, but if not, trade only what the charts tell you, and that to me is LONG. do love your trading though, using the higher TF's etc to confirm direction.
Trend is your friend...
  • #5,354
  • Sep 3, 2013 7:06am Sep 3, 2013 7:06am
Some times do , sometimes dont, as forget to do that in the EA. i will need to modify the EA to always reverse these pairs, its always safe to reverse them

Quoting Red1324
Hi nisha4x Interesting stuff you have presented. Do you reverse the GBPCHF and USDCHF pais in your trading? Does anyone reverse these pairs anymore for that matter?
Trend is your friend...
  • #5,355
  • Sep 3, 2013 7:08am Sep 3, 2013 7:08am
these issues are always there in smaller timeframes, thats why u need to expect less pips in them as compared to higher timeframes.



Quoting eisebatti
{quote} Here is the situation again!!! Be careful my alpariuk demo H4 xo1230 feed didn't jump down to a sell my australian superfast low spread feed live just gave me the same 2 sell bars as shown above this is critical!!!!! and brings whole a lot of more losses in H4!!! What to do change Broker or change XO??? And which brings me to the technical question is there a need for TF H8 ??
Trend is your friend...
  • #5,356
  • Sep 3, 2013 7:14am Sep 3, 2013 7:14am
Quoting Red1324
Hi nisha4x Interesting stuff you have presented. Do you reverse the GBPCHF and USDCHF pais in your trading? Does anyone reverse these pairs anymore for that matter?
Hoi Red1324
I observed that on my long run with my DEMO GC and UC were in the money without reversing.
But yesterday during the short countertrade they would have made me very happy having them reversed. which i didn't :-(

@FX-Optimus do you mind sharing your experience as I see them reversed by default in your setups?
  • #5,357
  • Sep 3, 2013 7:30am Sep 3, 2013 7:30am
@FX-Optimus do you mind sharing your experience as I see them reversed by default in your setups?[/quote]I made them permanently reversed in the EA. Some trades they help and in some trades they spoil the party. I also don't know why these pairs are in the basket. I am presently working on exclusive USD, JPY, GBP & AUD basket. What I observed in basket trading is that when any single currency becomes strong or weak the trend continues for two to five days in all currency pairs of that currency. Some time it continues for weeks. Just check the weekly charts of all AUD pairs. I am attempting to get in such a train at the start. I hope I will make it soon using Nish's method. I would request Nisha to help me out with tweaking the IXO for these exclusive baskets.

Fx...
  • #5,358
  • Sep 3, 2013 7:39am Sep 3, 2013 7:39am
me too want to remove these chf pairs and either trade only with 12 pairs or add 2 more pairs .

Do let me know the basket compositions you want to test, and send me the list . Also let me know which indicator to add them and make the offline charts.

I made a killing literally on gbpaud pair as shorted from 1.7450 to 1.7300, exited at that price but it fell further. if you see the weekly charts, atleast 1000 pips on each pair available till support.





Quoting Fx-optimus
@FX-Optimus do you mind sharing your experience as I see them reversed by default in your setups?
I made them permanently reversed in the EA. Some trades they help and in some trades they spoil the party. I also don't know why these pairs are in the basket. I am presently working on exclusive USD, JPY, GBP & AUD basket. What I observed in basket trading is that when any single currency becomes strong or weak the trend continues for two to five days in all currency pairs of that currency. Some time it continues for weeks. Just check the weekly charts of all AUD pairs. I am attempting to get in such a train at the start. I hope I will make it soon using Nish's method. I would request Nisha to help me out with tweaking the IXO for these exclusive baskets. Fx...[/quote]
Trend is your friend...
  • #5,359
  • Sep 3, 2013 7:44am Sep 3, 2013 7:44am
i dont move beyond the 1 hr chart, as i already have 1230 and 4920 IXAOH settings, will exit 1230 basket if the 4920 changes or if i see a resistance level.

I hold the 4920 basket till the trend ends, so no issues, u loose some u gain some..overall u have to be profitable. if you are even making 5% every month, consider urself good.

see below, i have already closed my 925 and 1230 baskets as its more then 800-1000 pips on them, only the 4920 is open and already moved to +500 profit, if the stop loss gets hit.


Quoting eisebatti
{quote} Hi Nisha4x thanks for answering , I might have missed the point in how i was writing. What I wanted to say and in my humble opinion, If the next H4 Bar in your chart will be a green one, In the H4chart coming from AlpariUK feed it will be a continuous Green XO 1230! and this kind of interruption of the Long is costing much much pips to "us" in a long run,(in further situations like end of june) all this compared to the Charts of Traders who are using for example AlpariUK like KOS himself and who came up first with the XO 1230 setting,...
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h1.png Size: 54 KB
Trend is your friend...
  • #5,360
  • Sep 3, 2013 8:01am Sep 3, 2013 8:01am

OK fair enough. I'm learning, still losing just 500pips because of the feed differences thats 20times the spreagd difference...pfff that whole a lot, isn't it!


Quoting nisha4x
these issues are always there in smaller timeframes, thats why u need to expect less pips in them as compared to higher timeframes. {quote}

Hi Nisha4x

thanks for answering , ,,

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