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Attachments: Basket Trading EA
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Basket Trading EA

  • #761
  • Nov 7, 2013 6:18pm Nov 7, 2013 6:18pm
Basket Trading with SD Zones, rules which may help us to take trade in right direction.

1.if any two time frames(best 30min and 60min, or 60min and 240min) zone levels are same, and price leave that zone quickly.. We can take the trade as per zone color. Sometime price retest that zone and upper or lower part and then continues.
Red zones = sell, blue zones=buy.

some illustration
http://www.forexfactory.com/attachme...9&d=1383747433
http://www.forexfactory.com/attachme...9&d=1383747433

(Confirmation to zone level in case of basket, as we all BT traders doing similar things, we have to make sure our 8 or 9 pairs are in strength or in support of SD zone signal, if so its confirmed signal is correct)
It’s how I am doing with it.

2. For T/P you can use FIB or opposite SD zones it’s up to trader. if HAS & IXO indicator in strength you may keep the trade open, and also can add more trades in case you find another zone appears in same direction.

Best of Luck

Hukam
  • #762
  • Nov 7, 2013 7:42pm Nov 7, 2013 7:42pm
Trigger this morning
Attached Image (click to enlarge)
Click to Enlarge Name: H1.jpg Size: 291 KB
  • #763
  • Nov 7, 2013 8:44pm Nov 7, 2013 8:44pm
Quoting rixon227
Trigger this morning {image}
Anyone in this Entry?
Is losing 200+pips and hitting SL very soon!
  • #764
  • Nov 7, 2013 8:46pm Nov 7, 2013 8:46pm
Quoting seller9
I would like to get some input from all you traders on the following. As you know, when trading the 14 pair basket some like to reverse a couple of the pairs, thats fine if it makes more pips. The problem I have with that is the offline chart does not reflect those 2 pairs being reversed and if you are using the chart to manage your trade you could get stopped out even though the basket is gaining ground when looking at money value. Are you looking at the money value to base your exits on as the chart is bogus?
Hi Seller,

I prefer to see the chart for exit rather than money value. But sometime I see price bar punch thru TP line but EA did not close trades. This is when I do manual close.

Thank you
The trend is your friend, until it isn't....
  • #765
  • Nov 8, 2013 12:12am Nov 8, 2013 12:12am
fast exit if its not repaint on lower chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: b.png Size: 54 KB
Click to Enlarge Name: a.png Size: 40 KB
  • #766
  • Nov 8, 2013 12:21am Nov 8, 2013 12:21am
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 45 KB
  • #767
  • Nov 8, 2013 12:24am Nov 8, 2013 12:24am
Quoting hukam
Basket Trading with SD Zones, rules which may help us to take trade in right direction. 1.if any two time frames(best 30min and 60min, or 60min and 240min) zone levels are same, and price leave that zone quickly.. We can take the trade as per zone color. Sometime price retest that zone and upper or lower part and then continues. Red zones = sell, blue zones=buy. some illustration http://www.forexfactory.com/attachme...9&d=1383747433 http://www.forexfactory.com/attachme...9&d=1383747433...
Hi,

could you attach this indicator to test it ? It looks good...
Thankx
  • #768
  • Nov 8, 2013 1:22am Nov 8, 2013 1:22am
Quoting Roje
{quote} Hi, could you attach this indicator to test it ? It looks good... Thankx
All indicators are available here http://www.forexfactory.com/showthre...=432773&page=5
  • #769
  • Nov 8, 2013 1:42am Nov 8, 2013 1:42am
Quoting rixon227
{quote} Anyone in this Entry? Is losing 200+pips and hitting SL very soon!

The same triggered for me this morning
  • #770
  • Nov 8, 2013 1:51am Nov 8, 2013 1:51am
let see how its work.. entry due to 4h and 15min + 30min zones

280/300 target.. total reversal 500pips or fib 61.8
Attached Image (click to enlarge)
Click to Enlarge Name: BASKET BUY.png Size: 53 KB
  • #771
  • Nov 8, 2013 3:31am Nov 8, 2013 3:31am
so is it right that I hade to set the tp and sl in the ea on my own ??? because i had no boxes in my ea (((
  • #772
  • Nov 8, 2013 5:12am Nov 8, 2013 5:12am
another question should I open the ea in my offline chart or is he in the template ?
  • #773
  • Nov 8, 2013 5:37am Nov 8, 2013 5:37am
Hukam your charts look like Hokem
  • #774
  • Nov 8, 2013 6:23am Nov 8, 2013 6:23am
Quoting lucklogic
Hukam your charts look like Hokem
hi, share with us what you do think and how to improve our ea.
regards,
hukam
Attached Image (click to enlarge)
Click to Enlarge Name: 14 UNI.BASKET 30MIN CHART.png Size: 65 KB
  • #775
  • Nov 8, 2013 6:34am Nov 8, 2013 6:34am
Folks I hate to spoil this basket system thing but you do realize you are trading GBPJPY don't you?! Your basket trading is 90% or more identical to GJ price action.

Why waste a lot of spread payments with the basket while you can trade GJ for a fraction of the spreads; the movement of GJ is almost 100% correlate with the basket...

Use chartoverlaye indicators and compare the price action between GJ and the basket. What you find is perfect, positive correlated that you can take advantage to trade GJ.
  • #776
  • Nov 8, 2013 6:55am Nov 8, 2013 6:55am
Hi seller9,
i find ea close my hedge orders (its was with diffrent magic numbers), please check.
--
something new for our ea to do auto.


now, i am searching manual which basket or which small basket is doing better, with xmeter etc. with other baskets helps.
then i simply like to trade high probability basket insted of 14 Universal pairs.
we all knows that some time 10 max 11,12 pairs are in only profit, its very very rare that all pairs yeild profit incase of 14Uni Basket or anyother baskets.
thats why some time trader101 USDCHF EURCHF trade half the way opposit the basket signal (reason +/- correlations)


i think EA can auto arrange best perfect heged(basket) pairs for us to trade min 3 max 14 pairs.

Regards,

Hukam
  • #777
  • Nov 8, 2013 8:45am Nov 8, 2013 8:45am
Hi ,

As for the spread , I'm also not sure about it . Long time ago , " he " did mention before about it but didn't reveal it .

Quote , thought I can't remember the statement actually , it goes something like this ,
" Your broker always widen the spread at the start of the market , very frustrating isn't it ? We always consider this widening at the start as a deterrent for us to trade at the beginning of the market . Therefore , we wait for like an hour or so till the spread normalize and then only open the basket trade . "

And here comes the interesting part which I don't really understand why is it at all , " he " said ,
" What about if I told you that we can use this widening to our favor ? The MORE they WIDEN the BETTER for US . With the use of basket trades on long term this can be attained . "


In the previous post of " his " thread , he also did mention something that the spread is like some sort of a guideline , however I really don't understand why he say so .

As for my knowledge , higher the spread is bad for traders .

Do you know any of this hukam ?
  • #778
  • Nov 8, 2013 8:47am Nov 8, 2013 8:47am
Inserted Video
  • #779
  • Nov 8, 2013 9:23am Nov 8, 2013 9:23am
Quoting imma
{quote} Hi Seller, I prefer to see the chart for exit rather than money value. But sometime I see price bar punch thru TP line but EA did not close trades. This is when I do manual close. Thank you
The Body of the candle has to hit the TP, the gray price line.
  • #780
  • Nov 8, 2013 9:26am Nov 8, 2013 9:26am
Quoting rixon227
{quote} Anyone in this Entry? Is losing 200+pips and hitting SL very soon!
I am still in it and it looks like maybe the move down has continued, there is some support in the present area, will see if it can get through it.
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