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Still Basketting

  • #5,581
  • Sep 11, 2013 4:12am Sep 11, 2013 4:12am
Gvc or anyone else, the T101 Basket Trader v2.3 always thens to revert to 'Market Read - None' and therefore not taking trades. Everytime I set to say 'Market Read - Long', when I come back say a couple of hours later, it has reverted to 'Market Read - None'. Just can't seem to stay on the market read time selected! Anyone having same problem, and any reliable solution? Did follow howa61 advice below, but did not seem to help much.

Quoting howa61
{quote} Hello GVc can you point please the link for download the V8 because mine can change only: N of pairs Max bars TF For who need there is a trick for avoid the T101 ea for freeze,just make active always the buy and sell like in the pictures..i try it and appear to work. Can somebody tell me the setting of XO indicators for 4H and D1? Thanks in advance {image}

PS. I know my image below is currently showing 'Market Read - Long' because I selected that before posting the image.
Attached Image (click to enlarge)
Click to Enlarge Name: gvcnishac5.png Size: 57 KB
  • #5,582
  • Sep 11, 2013 6:39am Sep 11, 2013 6:39am
Just for info, is it possible to encode the IXOAh indi or is it available to show just dots or boxes like the below attached pic, will be great for screen real estate ,
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h1.png Size: 14 KB
Trend is your friend...
  • #5,583
  • Sep 11, 2013 7:16am Sep 11, 2013 7:16am
decision time....either its going to break intra day resistance or support...PA very Slow...but still good enough for range trading to make 100 pips up and down
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h1.png Size: 22 KB
Trend is your friend...
  • #5,584
  • Sep 11, 2013 7:44am Sep 11, 2013 7:44am
Quoting nisha4x
decision time....either its going to break intra day resistance or support...PA very Slow...but still good enough for range trading to make 100 pips up and down {image}
Hi Nisha,

Based on your example chart shown above, please can you explain how you would have profited based on the signals shown by the 1hr IXOH. Unless I am missing a trick here you would have lost money on both occasions 'range trading' if following entries and exits based on the change of colour on the 1hr.

Thanks,
baz.
  • #5,585
  • Sep 11, 2013 8:11am Sep 11, 2013 8:11am
Its trading based solely on resistance and support, not recommended thou, i had just given an example, have not traded them .

Quoting wingate
{quote} Hi Nisha, Based on your example chart shown above, please can you explain how you would have profited based on the signals shown by the 1hr IXOH. Unless I am missing a trick here you would have lost money on both occasions 'range trading' if following entries and exits based on the change of colour on the 1hr. Thanks, baz.
Trend is your friend...
  • #5,586
  • Sep 11, 2013 8:36am Sep 11, 2013 8:36am
Quoting nisha4x
Its trading based solely on resistance and support, not recommended thou, i had just given an example, have not traded them . {quote}
Dear Nisha4x,
I have one qestion. Can ı use one by one manuel this system instayed of EA ?
Regards.
Bülent.
  • #5,587
  • Sep 11, 2013 9:00am Sep 11, 2013 9:00am
Hi Everyone!

Just an idea I've used whilst trading M15 basket. It might help some people here.

It really bothered me that I'd get a reasonable amount of pips, then a pull back would take a major % of them, before I'd get the closing signal. Obviously being in positive pips is always good, but I wanted to do something about this to make me enjoy my trading more. I tried having simple TP targets, but I wanted something more dynamic.

I'm sure that quite a few of you are fimilar with the TMA indicator (yes, it is a repainting indi) and maybe even the Multi-TF TMA. Currently what I do is I have all Core5 pairs open with M5 charts. I put an M5 and M15 TMA onto the pairs separately.

I realised whilst trading the M15 basket, that when I see M5 TMA upper band above M15 TMA upper band on at least 3 of the Core 5 pairs, then the basket will most likely turn down, so close my longs. Also if M5 TMA lower band is below M15 TMA lower band on at least 3 of the Core 5 pairs, I close my shorts, since the market has overstretched to the short side and is most likely to turn around at least for a pull-back.

I have attached the TMA indi below, if anyone would like to try it out.

Also a favour I would like to ask: Could someone code a window, like for example with the 14 Pair HAS (simply shoing seperate pairs with arrows) showing the pairs and an UP or DOWN arrow if the TMAs are crossing and possibly a "-" sign if they aren't. This would save me having to have 5-14 charts open and scanning through them, counting how many crosses I see.

Hope I could help some of you out there.

Regards,
Peter
Attached File(s)
File Type: mq4 TMA.mq4   8 KB | 251 downloads
  • #5,588
  • Sep 11, 2013 10:30am Sep 11, 2013 10:30am
yes, you can do manual, just make sure to reverse the chf pairs.

Quoting bulent
{quote} Dear Nisha4x, I have one qestion. Can ı use one by one manuel this system instayed of EA ? Regards. Bülent.
Trend is your friend...
  • #5,589
  • Sep 11, 2013 12:51pm Sep 11, 2013 12:51pm
Quoting danjuma
Gvc or anyone else, the T101 Basket Trader v2.3 always thens to revert to 'Market Read - None' and therefore not taking trades. Everytime I set to say 'Market Read - Long', when I come back say a couple of hours later, it has reverted to 'Market Read - None'. Just can't seem to stay on the market read time selected! Anyone having same problem, and any reliable solution? Did follow howa61 advice below, but did not seem to help much. {quote} PS. I know my image below is currently showing 'Market Read - Long' because I selected that before posting...
Hi Dan

I noticed that if you leave the 'Market Read" highlighted (A box around the text) then this could happen.

It happened to me once before till I deselected the highlighted text and that seemed to solve the problem.

Let us know if this helps.
  • #5,590
  • Sep 11, 2013 1:36pm Sep 11, 2013 1:36pm
KOS and Others

What is your take on Peterwests solution.
I remember you saying something like "TMA is not a good solution",
As I obviously suffer from the same Pullback's as Peter, I'm tempted to do this additional hassel jump here and there between TF's

Is this TMA a viable and good solution, or is there a take on this Problem around that comes from a complete other perspective and gives also light on those pullback dilema's and stress!!

Please educate me!!?

Quoting peterwest
Hi Everyone! Just an idea I've used whilst trading M15 basket. It might help some people here. It really bothered me that I'd get a reasonable amount of pips, then a pull back would take a major % of them, before I'd get the closing signal. .... Regards, Peter {file}
  • #5,591
  • Sep 11, 2013 2:41pm Sep 11, 2013 2:41pm
Eisebatti,

If I can give you and other new basket traders any advice, it is not to try and ride every trade to the max.

I still set myself targets of say 200 pips and when it has been reached I close and wait for another setup even if it is only 3 days later.

Of course I also take basket trades that runs for days to weeks.... this will come naturally eventually with practise....

One way of ensuring winning pips is by keeping a tight trailing line by moving the "visual stop loss" line close to the price.....
e.g set the SL line to the 2nd or 3rd lowest candle from price.....

Regards
  • #5,592
  • Sep 11, 2013 3:35pm Sep 11, 2013 3:35pm
please do not confuse basket trading as the easy way to make money, it is not, people who are doing this are quite experienced and realise thier risk to reward ratios and enter on positions with little or no emotions. adding more indicators will only confuse you. believ me just use plain support and resistance and the indis what kos has shown, its that easy. start off with core 5 , leran and then adapt to your risk levels. for me sometimes i have 2-3 baskets at a time and all 3 can experience losses, i know my limits and risk levels. if you are ale to get 100 pips consistently be happy. once u do this consistently day in and da out, then u will see paterns repeating and then u can take the leap. just my 2 cents worth of advice.


Quoting eisebatti
KOS and Others What is your take on Peterwests solution. I remember you saying something like "TMA is not a good solution", As I obviously suffer from the same Pullback's as Peter, I'm tempted to do this additional hassel jump here and there between TF's Is this TMA a viable and good solution, or is there a take on this Problem around that comes from a complete other perspective and gives also light on those pullback dilema's and stress!! Please educate me!!? {quote}
Trend is your friend...
  • #5,593
  • Sep 11, 2013 4:37pm Sep 11, 2013 4:37pm
Quoting eisebatti
KOS and Others What is your take on Peterwests solution. I remember you saying something like "TMA is not a good solution", As I obviously suffer from the same Pullback's as Peter, I'm tempted to do this additional hassel jump here and there between TF's Is this TMA a viable and good solution, or is there a take on this Problem around that comes from a complete other perspective and gives also light on those pullback dilema's and stress!! Please educate me!!? {quote}
Only one way to find out is to test it yourself for a sufficient time. Back test forward test. Optimize it and then do out of sample tests and compare it to the non-optimized version etc.

Like others have said. Learn to use 1-3 indicators and follow them.
  • #5,594
  • Sep 11, 2013 5:11pm Sep 11, 2013 5:11pm
Quoting eisebatti
........those pullback dilema's and stress!! Please educate me!!? {quote}
Dear Neesha and GVC,, Thanks for answering and in a kind reseting me!
I just must accept that the last super run was not for my account!
As it started with a short running in the WE-Gap then got back all the losses,
even made another 3% plus,, i mean 7 reentries in 3 baskets to bank all this goldrain not easy to admit pffff.. but as it was raining!!

I did completely forget that there must be a pullback after a 900 pips in BSKT14 coming in somewhere and I didn't see that number coming in my C5's!! And That was it!

I could have jumped out with +6% and happy but as my last greedy reentry had shown me that super last Whipsaw-Profit that I thought was coming back again,, greed keept me up to the pullback, staying in the market reentering till 2 more whipsaws made it clear that this run was over and not for me,, profits gone! Good experience!!! Have I learnt my lesson?? I hope so!!! Time will tell :-))

P.S.
2 EA with different setups waiting for entries.. they are cooler than I am.. I should leave them "ALL" the entries and exits :-))
  • #5,595
  • Sep 11, 2013 5:21pm Sep 11, 2013 5:21pm
Quoting Red1324
{quote} Only one way to find out is to test it yourself for a sufficient time. Back test forward test. Optimize it and then do out of sample tests and compare it to the non-optimized version etc. Like others have said. Learn to use 1-3 indicators and follow them.
Yes I'm fine with what HAS XOS ICHI CCI and MACD, Stoch is showing me.
Integrating Support and resistance in my routine will be next!!! (you and Nisha showed up a lot of that)
appreciate a lot

Basically I need to admit that I do not have my Greed-Gremmlin in control all the time!
better 0.01% plus as 3% minus :-))

thanks... checking out and sleeping
  • #5,596
  • Sep 11, 2013 5:35pm Sep 11, 2013 5:35pm
Hi all, i'm not new to basket trading was an early follower in Julius thread but I have to admit that I've never was profitable trading BTS
I'm right now at around pag 170 reading as much as I can about this new development and I want to congratulate with Kos and all other contributors here for turning BTS into profitable territory
Ok so I opened a demo account just to get the feeling with all the stuff but I'm planning to start with a low (500€) real account.
Btw in my demo i opened some hours ago a long basket based on re-entry which is now struggling to reach very slowly BE.
Please correct if my thought were wrong , I entered long after I waited for M15 price to touch HAS with H1 and H4 in the same direction (all blue), let's see where it will go...

On a sider note , I saw some members are using a nice indicator which count all pips in the account which I cannot find around, could you help me to find it ?
Here's the pic :
Attached Image


Thx
Skyline
Attached Image (click to enlarge)
Click to Enlarge Name: kos_entry.jpg Size: 110 KB
  • #5,597
  • Sep 11, 2013 5:55pm Sep 11, 2013 5:55pm
Quoting skyline
Hi all, i'm not new to basket trading was an early follower in Julius thread but I have to admit that I've never was profitable trading BTS I'm right now at around pag 170 reading as much as I can about this new development and I want to congratulate with Kos and all other contributors here for turning BTS into profitable territory Ok so I opened a demo account just to get the feeling with all the stuff but I'm planning to start with a low (500€) real account. Btw in my demo i opened some hours ago a long basket based on re-entry which is...

Attached File(s)
File Type: mq4 i-Profittracker_[RU-EN].mq4   17 KB | 422 downloads
  • #5,598
  • Sep 11, 2013 8:51pm Sep 11, 2013 8:51pm
what happened?
Attached Image (click to enlarge)
Click to Enlarge Name: QQ.jpg Size: 66 KB
  • #5,599
  • Sep 11, 2013 10:09pm Sep 11, 2013 10:09pm
Quoting NoMo
what happened? {image}
i think is because Aud Employment Change
Attached Image (click to enlarge)
Click to Enlarge Name: news.png Size: 216 KB
  • #5,600
  • Sep 11, 2013 11:51pm Sep 11, 2013 11:51pm
my 925 entry taken from 15 min chart, got up after a alert and took one short basket, waiting for trend change on 3280 to take another basket. stop loss is todays high.
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14m15.png Size: 36 KB
Trend is your friend...
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