Still Basketting | Page 304 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Anyone still trading Mouteki? 45 replies

The EUR/USD Rally-Still Dead? 23 replies

The Euro Rally Is Still Dead-coreCPI/TIC Update 3 replies

USD in Toilet but still buys Chinese Goods!!! 11 replies

Immediate market reaction on news are still the same ? 18 replies

Attachments: Still Basketting
Exit Attachments

Still Basketting

  • #6,061
  • Oct 8, 2013 12:24pm Oct 8, 2013 12:24pm
Hi nisha,

Nice going with the trades. I was up +500 at one point and then the market turned. I entered 2 baskets (on H1 and H4) H1 XO (925,1230,3280) and H4 (1230,3280,4920). The H1 closed at BE and the H4 -110 pips (This happened during the time I was not able to be at the pc). Is your main entry criteria S/R levels and then confirmation from the XO indies? Or is it the other way around?

Are you still using the settings as I have mentioned in this post?

To be honest, I do not get consistant results with this I'll make a good profit (as mentioned earlier) and then just give it away and more!!

My last question: Have you looked at the H4 time-frame

Regards
Brendon
  • #6,062
  • Oct 8, 2013 1:39pm Oct 8, 2013 1:39pm
hi brendon

if you notice, the price was moving between support and resistance and ranging. in these times its good to take profits, rather than trying for homerun. i am using only 1230 and 4920 on 1 hr. I wil start 4 hr also soon.

initially aim for 250 to 300 pips per entry and exit it . u will start to see the results.

Quoting bcmaggs
Hi nisha, Nice going with the trades. I was up +500 at one point and then the market turned. I entered 2 baskets (on H1 and H4) H1 XO (925,1230,3280) and H4 (1230,3280,4920). The H1 closed at BE and the H4 -110 pips (This happened during the time I was not able to be at the pc). Is your main entry criteria S/R levels and then confirmation from the XO indies? Or is it the other way around? Are you still using the settings as I have mentioned in this post? To be honest, I do not get consistant results with this I'll make a good profit (as...
Trend is your friend...
  • #6,063
  • Oct 8, 2013 2:00pm Oct 8, 2013 2:00pm
Hi Folks,

Here is one of my favorite indicators.

I use it like this:

  1. When signal issued wait for the relevant candle that issued the signal to close.
  2. Then place pending order in between head and tail of previous high and low signals. Or wait until price comes back to test the tail of signal issuer candle in which most cases price does comes back to test the tail of the signal issuer after breakout before going to the direction of the signal. For better performance/guarantied feel put your pending order in the middle of previous head or tail.

My preferred setting is MA of period 5 or 7, type 2

Attached Image (click to enlarge)
Click to Enlarge Name: bt-14-h1-thinkforex-com-au.png Size: 59 KB

Attached File(s)
File Type: ex4 TraderWawasan TE v2.0.ex4   6 KB | 345 downloads
  • #6,064
  • Oct 8, 2013 2:55pm Oct 8, 2013 2:55pm
Quoting Mannafx
Hi Folks, Here is one of my favorite indicators. I use it like this: When signal issued wait for the relevant candle that issued the signal to close. Then place pending order in between head and tail of previous high and low signals. Or wait until price comes back to test the tail of signal issuer candle in which most cases price does comes back to test the tail of the signal issuer after breakout before going to the direction of the signal. For better performance/guarantied feel put your pending order in the middle of previous head or tail. My...
just 3 posts here and you have not even done BTS for 1 solid month and you present your indicator, with nothing to show that its better than even HAS.

am sorry, you made second position on my ban list.

PM me when you have repented


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #6,065
  • Oct 8, 2013 4:16pm Oct 8, 2013 4:16pm
Quoting Mannafx
Hi Folks, Here is one of my favorite indicators. I use it like this: When signal issued wait for the relevant candle that issued the signal to close. Then place pending order in between head and tail of previous high and low signals. Or wait until price comes back to test the tail of signal issuer candle in which most cases price does comes back to test the tail of the signal issuer after breakout before going to the direction of the signal. For better performance/guarantied feel put your pending order in the middle of previous head or tail. My...
MannaFX,

As you can see, this is a no nonsence thread so best you ask for forgiveness from the master Kos, or you go open a new thread of your own. Your systerm may be good but not in this thread!! Start one. Every one here are serious traders. No games, no showing off and no strange indicators. We follow strict rules here and that is why this thread is still as clean and simple. Go see other threads with no rules, it fades out in no time. This, we are bent will not happen here so it is policed very strongly.

Any newbies on here watch out!!

All the best.
Born to rule my Economic World and Make a Difference!
  • #6,066
  • Oct 8, 2013 8:39pm Oct 8, 2013 8:39pm
Hello All,

First post to your excellent thread. Special kudos to T101, Kosomolate, GVC, SteveHoop, Hanoover, nisha4x, Pippopotamus, Howa61, tnavi, seller9, and all the regular contributors.

I have added BTS as an addition to my trading arsenal after due diligence 3 weeks ago reading the first 50 and last 100 pages of T101's thread, and then doing the same with this thread. That pretty much covered my entire weekend :-)

I went live after 3 days of demo. Being in this business "several years" now, I learned quite some time ago that staying with a demo account can be very detrimental to the entire process. The brain will not act the same and/or make the same decisions because the stakes are completely different. I simply used .01 lots to start. Anyways...I thought it was time to contribute a little bit, and hopefully become a regular contributor.

My last 2 weeks have been very successful, averaging between 2-3% equity trading the M15 TF using the Core5. HAS 2-8-2-2, IXO-1 is 300 and IXO-2 is 775, as well as a secong HAS 2-36-2-60 which mimics H1. No big deal as far as settings go because it is each of our responsibility to test, test, and then test some more, for what settings work best for each of our trading styles. What I do want to share is how I have managed my trades during the last 2 weeks...which is still very early into this process!! I will try to report regularly as time moves on.

I am entering when both the IXO-1 and small HAS make. I use a 100 pips SL max. IF I get a "first step up" on the IXO-1 within the first 3 M15 bars I add a second basket. IF I get the "second step up" I close all baskets at the close of that bar. Do I leave some pips on the table...yes I do...but more often than not, closing on that second step up has given me most of the pips of that run. As nisha4x pointed out just a few posts ago, one does not need a lot of pips (or market movement) to make a very comfortable living. I know most here are trading the 14 pair baskets. If you just average 250 pips per day (that equates to about a 20 pip move on the 14 pairs) and you increase your lot size appropriately, your equity will rise very quickly. I'm sure you all have some version of a pip calculator...20 pips a day on a 1k $US account maintaining just a 1.5% equity risk...gets you to your first million at week 50! Control the greed.

Once again...thank-you all for your selfless work and contributions. Hope I can do the same as times rolls on.

SD
Enter Signature
  • #6,067
  • Oct 8, 2013 9:28pm Oct 8, 2013 9:28pm
@nisha4x

A quick question...and forgive me if I missed you addressing this already, but, is your account equity tracking indicator propitiatory, or is this something you are willing to share? Even the site where you got it would be great. Thank-you in advance.

SD
Enter Signature
  • #6,068
  • Oct 8, 2013 10:59pm Oct 8, 2013 10:59pm
hi smokey

thank you for your kind words, i can surely share it. make sure the trade history is set to all days.




Quoting SmokeyD
@nisha4x A quick question...and forgive me if I missed you addressing this already, but, is your account equity tracking indicator propitiatory, or is this something you are willing to share? Even the site where you got it would be great. Thank-you in advance. SD
Attached File(s)
File Type: mq4 i-Profittracker_[RU-EN].mq4   17 KB | 519 downloads
Trend is your friend...
  • #6,069
  • Oct 8, 2013 11:24pm Oct 8, 2013 11:24pm
Quoting nisha4x
hi smokey thank you for your kind words, i can surely share it. make sure the trade history is set to all days. {quote} {file}
Much appreciated! Thank-you.

SD
Enter Signature
  • #6,070
  • Oct 9, 2013 12:48am Oct 9, 2013 12:48am
Hi Nisha,

Thanks for your reply. I'll try the way you mentioned. Its easy to get to +250 - 300 pips but its only about one day a week that we get a +1000 pip run (usually on tuesdays or thursdays). But since this US debacle it did not happen yet.

Anyway, love your way of trading (The KISS way).

Regards

Brendon
  • #6,071
  • Oct 9, 2013 2:09am Oct 9, 2013 2:09am
Quoting Kosomolate
{quote} just 3 posts here and you have not even done BTS for 1 solid month and you present your indicator, with nothing to show that its better than even HAS. am sorry, you made second position on my ban list. PM me when you have repented kos
Maybe it's the conspiracy theorist in me but I do believe that mannafx appearance signifies a turning point. The brokers have got wind of this thread. Watch out for any new ff members imitating other members and causing disruption in general. They have a lot of time and resources.. It's happened to a lot of successful threads
  • #6,072
  • Oct 9, 2013 2:35am Oct 9, 2013 2:35am
I feel no need to get worried, even with such a easy system , you can count on your hands those who are doing is profitably for some time now, more then a system, its the person inside us which needs to be tamed. So rest assured, if you are disciplined and not greedy, you need not worry about any broker doing any hanky panky. BTS is such a beauty, its anti broker.

As far as i know, there is no need to add anything new untill we see a 2-3 months of losses using this system. if i am able to get 100 pips a day, i will be happy with this system



Quoting manuel_fx
{quote} Maybe it's the conspiracy theorist in me but I do believe that mannafx appearance signifies a turning point. The brokers have got wind of this thread. Watch out for any new ff members imitating other members and causing disruption in general. They have a lot of time and resources.. It's happened to a lot of successful threads
Trend is your friend...
  • #6,073
  • Oct 9, 2013 2:42am Oct 9, 2013 2:42am
Quoting nisha4x
I feel no need to get worried, even with such a easy system , you can count on your hands those who are doing is profitably for some time now, more then a system, its the person inside us which needs to be tamed. So rest assured, if you are disciplined and not greedy, you need not worry about any broker doing any hanky panky. BTS is such a beauty, its anti broker. As far as i know, there is no need to add anything new untill we see a 2-3 months of losses using this system. if i am able to get 100 pips a day, i will be happy with this system {quote}...
Nisha...You are absolutely correct in your assessment that there are a handful who are doing this the correct and profitable way. I am new to this thread, but not so new to the FX world and your point about the brokers is also spot on. The big guys could care less about some basket traders with mini lots or even small numbers of normal lots. There are just not that many firms with dealing desks that have time to stop hunt for sport. I think rather that is just a crutch for those without the mental toughness to do this profitably......Keep doing what you are doing and take those pips
Plan, Prepare, Execute, Repeat
  • #6,074
  • Edited 11:41am Oct 9, 2013 6:10am | Edited 11:41am
I wish my bank could give me this percent as interest every day lol

p.s added another 5% to close the today with +10% .
Attached Image
Trend is your friend...
  • #6,075
  • Oct 9, 2013 11:04am Oct 9, 2013 11:04am
Quoting Gvc
{quote} Manuelfx, Good luck with your new system, you cant go wrong...... I have been scaling the top / fastest movers for some time now. A friend of mine on another Forum made $28 000 scaling the baskets....
Hi Gvc i saw that indicator from Manuelfx and i search around and found this one in attachment...hope can help...maybe you can do something.

BTW the sequence of the pairs in the setting of the indi ,i dont know why must be the following otherwise do not work,so copy and paste it:

GBPJPY,GBPCHF,USDCHF,GBPUSD,EURJPY,NZDJPY,AUDJPY,USDJPY,EURUSD,CADCHF,NZDUSD,CHFJPY,AUDUSD,EURCHF

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: SlopeValues.PNG Size: 9 KB
Attached File(s)
File Type: ex4 SlopeValues.ex4   24 KB | 352 downloads
File Type: mq4 SlopeValues.mq4   28 KB | 399 downloads
  • #6,076
  • Oct 9, 2013 11:37am Oct 9, 2013 11:37am
Thanks Howa61, I will have a look when I get some time....
  • #6,077
  • Oct 9, 2013 12:09pm Oct 9, 2013 12:09pm
hi howa

just a word, do not over complicate such a simple system. all this is really not needed. the more you analyse , the more it becomes hard to pull the trigger. just follow the higher time frame trenh and take trades only in that direction. I am not a expert here, just expressin my view.

Quoting howa61
{quote} Hi Gvc i saw that indicator from Manuelfx and i search around and found this one in attachment...hope can help...maybe you can do something. BTW the sequence of the pairs in the setting of the indi ,i dont know why must be the following otherwise do not work,so copy and paste it: GBPJPY,GBPCHF,USDCHF,GBPUSD,EURJPY,NZDJPY,AUDJPY,USDJPY,EURUSD,CADCHF,NZDUSD,CHFJPY,AUDUSD,EURCHF Regards {image} {file} {file}
Trend is your friend...
  • #6,078
  • Oct 9, 2013 1:35pm Oct 9, 2013 1:35pm
nisha thats great results... do you have any suggestions for applying this basket method to those of us who work during the day? i have UK gmt 9-5 full time work? eg is it possible to monitor and trade this system from teamviewer remote access? and how often do you check your charts if you are tradinh H1 basket?

many thanks

Quoting nisha4x
I wish my bank could give me this percent as interest every day lol p.s added another 5% to close the today with +10% . {image}
  • #6,079
  • Oct 9, 2013 2:20pm Oct 9, 2013 2:20pm
picture speaks more than words, see the chart, and take trades in direction of larger trend if you want fail proof trades, take profit at support and resistance levels if u dont want to hold trades for days. i have one basket still open when 4920 changed direction down, i will only close it if the trend changes, inbetween i am taking small profits by entering counter trend trades too as 1230 changes color and taking profits at s/r levels. isnt it easy.

those who want to monitor trades invest in vps, costs only 18 usd.

Quoting blamshakk
nisha thats great results... do you have any suggestions for applying this basket method to those of us who work during the day? i have UK gmt 9-5 full time work? eg is it possible to monitor and trade this system from teamviewer remote access? and how often do you check your charts if you are tradinh H1 basket? many thanks {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: #kos#14h1.png Size: 24 KB
Trend is your friend...
  • #6,080
  • Oct 10, 2013 12:25am Oct 10, 2013 12:25am
Hi Nisha,

I just want to clarify this, but in your chart and your post above; The 4920 is red and if 1230 turns from green to red you enter in direction of longer term trend but if the 1230 turns green again you open a buy basket? And as you mentioned tp is at S/R (or at our own discretion).

Thanks and regards
Brendon
2 traders viewing now