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Basket Trading EA

  • #921
  • Nov 21, 2013 10:11pm Nov 21, 2013 10:11pm
Quoting hukam
something which no one teach you, you have to learn it by yourself. ....................................................................................................................... during opening basket trade.. from my own experience if you are trading any basket any group this idea will help you a lot. 1. check the correlation on daily chart/weekly chart, Reason? it’s very important most of time pairs are correlated for weeks for months etc, you may be take a look into this personal it’s give you inner look. stick to it. 2. during opening...
Thank you for your advise
  • #922
  • Edited Nov 22, 2013 4:24am Nov 21, 2013 11:22pm | Edited Nov 22, 2013 4:24am
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: CORERRELATION.png Size: 54 KB


graph is just for fun.. enjoy.
Attached Image (click to enlarge)
Click to Enlarge Name: correlation + strenght metter.png Size: 41 KB
  • #923
  • Nov 22, 2013 12:13am Nov 22, 2013 12:13am
Hi Hukam,

Please, I need your help.
From the indication AUDUSD & NZDUSD is on the down move, whereas this ea open long position for the two pairs.
Did I need to do some setting before using this Basket ea.

Thanks
  • #924
  • Nov 22, 2013 12:18am Nov 22, 2013 12:18am
Hukam,

how can I setup the page you attached on my mt4?
  • #925
  • Nov 22, 2013 12:51am Nov 22, 2013 12:51am
Quoting Greenland
Hi Hukam, Please, I need your help. From the indication AUDUSD & NZDUSD is on the down move, whereas this ea open long position for the two pairs. Did I need to do some setting before using this Basket ea. Thanks
when i doing this sheet - (its manual created).. that time BT indicators shows these pairs.
to created this excel i spent 1 hour. i am busy in live trading too.
  • #926
  • Nov 22, 2013 2:39am Nov 22, 2013 2:39am
Quoting Greenland
Hi Hukam, Please, I need your help. From the indication AUDUSD & NZDUSD is on the down move, whereas this ea open long position for the two pairs. Did I need to do some setting before using this Basket ea. Thanks
please post ea screen shot. then only we can say something about it.
  • #927
  • Nov 22, 2013 4:06am Nov 22, 2013 4:06am
Quoting hukam
{image}{image} graph is just for fun.. enjoy.
Hi Hukam,

Very informative. Thanks.
  • #928
  • Nov 22, 2013 4:28am Nov 22, 2013 4:28am
i just update result in same post.
keep in mind according to SD zones or FIB levels you may take maximum advantage of basket move.
regards,
hukam
  • #929
  • Nov 22, 2013 4:37am Nov 22, 2013 4:37am
can i close this basket now?.. then answer is very clear no..
First direction:- correlation - weekly and daily basis
Second direction: BTCS strength meter
Third direction: SD zones, it's good for visual confirmation & SD Zones Daily/Weekly strength (Excel based formulas)

just now profit is above 750.00
Attached Image (click to enlarge)
Click to Enlarge Name: basket.png Size: 32 KB
  • #930
  • Nov 22, 2013 4:53am Nov 22, 2013 4:53am
Ok guys, i need some help.
I had to set up Metatrader on a new machine because my Metatrader on Mac keeps crashing about every 10 hours.
So i set up a virtual machine with windows 7 on a server at work, installed metatrader and the EA, but the offline chart doesn't move.
The EA is working, but the graph doesn't refresh, it only shows the price when the chart was opened.
The profit and every other data refreshes without problems, and other charts like the 1m USDJPY with the Basket Indy moves without problems, only the offline chart doesn't.

Has anybody got an idea for that problem?
  • #931
  • Nov 22, 2013 5:55am Nov 22, 2013 5:55am
Quoting DoctorGremli
Ok guys, i need some help. I had to set up Metatrader on a new machine because my Metatrader on Mac keeps crashing about every 10 hours. So i set up a virtual machine with windows 7 on a server at work, installed metatrader and the EA, but the offline chart doesn't move. The EA is working, but the graph doesn't refresh, it only shows the price when the chart was opened. The profit and every other data refreshes without problems, and other charts like the 1m USDJPY with the Basket Indy moves without problems, only the offline chart doesn't. Has anybody...

https://my.vmware.com/web/vmware/downloads install in your mac i think it better.
also cut mt4 folder(main folder where all mt4 files are installed) and move it to c:/ it is better.
  • #932
  • Nov 22, 2013 5:56am Nov 22, 2013 5:56am
Quoting hukam
can i close this basket now?.. then answer is very clear no.. First direction:- correlation - weekly and daily basis Second direction: BTCS strength meter Third direction: SD zones, it's good for visual confirmation & SD Zones Daily/Weekly strength (Excel based formulas) just now profit is above 750.00 {image}
Hi Hukam,

This result is super.
Am very new in this thread, please what do you mean by First Direction Correlation, second Direction BTCS Meter & Third Direction SD Zones.
Also, what do I need to compare before entering trade by using this system.

Thanks in Advance.
  • #933
  • Nov 22, 2013 6:01am Nov 22, 2013 6:01am
Quoting Greenland
{quote} Hi Hukam, This result is super. Am very new in this thread, please what do you mean by First Direction Correlation, second Direction BTCS Meter & Third Direction SD Zones. Also, what do I need to compare before entering trade by using this system. Thanks in Advance.

thats it, prepare yourself in demo, when you double your three demo account just replace demo to real.
best of luck.
regards
hukam.
i had posted almost abc to xyz in this thread, nothing left. read it please
  • #934
  • Nov 22, 2013 6:52am Nov 22, 2013 6:52am
Quoting Greenland
{quote} Hi Hukam, This result is super. Am very new in this thread, please what do you mean by First Direction Correlation, second Direction BTCS Meter & Third Direction SD Zones. Also, what do I need to compare before entering trade by using this system. Thanks in Advance.

direction = signal
  • #935
  • Nov 22, 2013 8:02am Nov 22, 2013 8:02am
Hi All,

FYI:-

Sorry for an unrelated message, but this is a BIG warning :

BACKUP YOUR METATRADER DIRECTORY NOW !

Metaquotes will release a new MT4, here's the news :


Quote
The next build of Metatrader will NOT BE COMPATIBLE with a lot of scripts, including these tools.
Make a backup copy of your Metatrader directory NOW for preparation of the next release (Always a good idea, look at the recent compiler issue). Here is the news release from their website:

A New Metatrader 4 Build Will Not Be Compatible

It seems that the build 509 is the last build in the current development branch. And I guess it remains to be the only available for the next couple of months.

The new build(s) is currently in beta testing phase and it comes with completely replaced scripting engine and compiler. Though it claims backward compatibility, the compatibility applies only to the pure MQL4 scripts, which were compiled by any of the previous compilers. The new compiler won't compile the recent source files (mq4).

The directory structure changed as well, so indicators and scripts are now merged into a MQL4 folder.

Unfortunately, users of RangeBar, RenkoBar, TickBar and MeanrenkoBar will not be able to use the currently downloaded indicators with the new build.




An alternative platform compatible with mql4, i just imported 5 indicators, and the code is identical between the 2 platforms : http://protrader.com/ (free of course).

Our coders can look here for algos things related : http://pfsoft.com/protrader-algo-studio

That's all ! Thank you for reading this message !
  • #936
  • Nov 22, 2013 8:33pm Nov 22, 2013 8:33pm
--EA--
i think ea should have to assign auto magic number / and comment
--
in-case mt4 shutdown for some reason
EA should have to pickup all magic number automatically from running baskets &
Ea Should have to ask which number user would like to handled by EA.
--
sell & buy basket should have total different magic number & comment for visual purpose.
--
e.g.: magic no/BuyorSell/basket-pairs : 123/B/BT6, or 123BBT6
--
please comment/suggest for improvement if someone using this ea.
  • #937
  • Nov 22, 2013 9:19pm Nov 22, 2013 9:19pm
Quoting Greenland
{quote} Hi Hukam, This result is super. Am very new in this thread, please what do you mean by First Direction Correlation, second Direction BT CS Meter & Third Direction SD Zones. Also, what do I need to compare before entering trade by using this system. Thanks in Advance.

my all baskets are in profit from last two week, maybe market is strongly trending that why.
some techniques may be useful for you..
-put BT CS Meter indicator on 1D & 4H (no need to change any setting) -i think it give you some pairs, choose the bigger basket(its almost equal to one-dimensional view of market and basket)
-check the correlation (correlation give you two-dimensional vision of basket, direction(buy/sell)+internal union strength of pairs)
==
SD zones, you should have to spend some time to learn how SD zones are working, according to some traders its simply higher and lower of any time frame, if yes then also not bad. (fresh zones are very useful in-case of basket specially for opening and closing the basket)
Please play with it get some felling how price react to it. ( i have posted some ideas/illustration before, you have try to use excel download it from here http://www.forexfactory.com/showthread.php?t=424894
Best teacher is Kenneth Lee how? why? you may only know when you read..
link to his hard-work is here http://www.forexfactory.com/showthread.php?t=311095)

i think very soon we have our own all in one indicator for basket trading.. I think seller9 is already working on it.
best of luck
Regards,
Hukam
  • #938
  • Nov 23, 2013 12:55am Nov 23, 2013 12:55am
Hi Hukam,

Thank very much for your concerned.
I started using this Basket from Friday Morning, by Evening almost all of them were in profit.
My Basket balance was showing $4.26 profit that is on micro account (which 426 pips positive)
This system is powerful, I will dedicate myself to study it the more.

Thanks.
  • #939
  • Nov 23, 2013 1:23am Nov 23, 2013 1:23am
For all you Traders using Currency Strength and Correlation, which one comes first, the Chicken or the Egg ????

I added it to the mix to see what will happen.

Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 778 KB
  • #940
  • Nov 23, 2013 4:15am Nov 23, 2013 4:15am
Quoting seller9
For all you Traders using Currency Strength and Correlation, which one comes first, the Chicken or the Egg ???? I added it to the mix to see what will happen. {image}
Sir, you are too much!
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