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Still Basketting

  • #7,601
  • Mar 29, 2014 2:43am Mar 29, 2014 2:43am
Quoting grrbear
would have caught it too using xo 2560 but stop loss of 560p was hit : / going to try 600p stop loss (actually spent all of last week with an open basket then sl was hit)
You will hit more full SL with boxsize 2560, its too large for H4, even when you catch a good trade, it will close with small profit

check out the posted picture all circles are full SL



kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #7,602
  • Mar 29, 2014 2:47am Mar 29, 2014 2:47am
Quoting shinewel
good day to kosomolate and all contributors of this thread......... possible to have the buy/sell basket trade script with these features ? viz : 1) place a pending order to execute the basket trade (14pairs) with value shown at the off-line chart. coz even the offline chart respects the daily pivot/support/resistance. 2) tp and sl set based on offline chart value if i am not clear enough, can the offline chart be treated as a currency pair with value ...and a script/ea be used based on these values to execute the basket trade? i only hope no one...
Yes, its possible to have, contact a coder to do it for you.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #7,603
  • Edited Mar 30, 2014 8:19am Mar 29, 2014 8:31am | Edited Mar 30, 2014 8:19am
Quoting Kosomolate
{quote} You will hit more full SL with boxsize 2560, its too large for H4, even when you catch a good trade, it will close with small profit check out the posted picture all circles are full SL kos {image}
thanks for the response : ) i am using tnavis idea with tma channel set to 91(not sure why 91 lol). it repaints up to 90 periods back ie 3 weeks on 4 hour chart, albeit the farther back the less repaint. however, when price extends far outside the channel it is a good signal for entry. also, when the channel is trending i set market read accordingly and only take trades in that direction, while making sure there is enough space, so i am usually only changing market read and letting the ea do everything else(ideally), and for most of the time it will be set to none as i wait for a trade. i use trailing so i don't have to be responsible for exits. just need to figure out the ideal bracket for stop loss and trailing, or a way to figure out how to set it on a case by case basis. also, when the channel is trending and 2560 is continuing, i may switch to 1060 for re-entry if trailing stop is hit. just a plan for now, i have to forward test still

edit: also i'm using an lwma set to 91 to give an idea of where tma was in the past (lwma is tma but without the repainting and channels). will also be trying 700p sl/tp
  • #7,604
  • Mar 31, 2014 9:20am Mar 31, 2014 9:20am
still holding the long


kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #7,605
  • Apr 1, 2014 6:05am Apr 1, 2014 6:05am
still holding long too

with 12 hour candle overlay http://codebase.mql4.com/9330

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  • #7,606
  • Apr 2, 2014 2:44am Apr 2, 2014 2:44am
Quoting manuel_fx
still holding long too with 12 hour candle overlay http://codebase.mql4.com/9330 {image}
the daily CCI is hooking southwards even though price is pointing to the north.
if everything is normal then we may soon have H4 coming south like 2k pips south.

I may be wrong.


kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #7,607
  • Apr 2, 2014 2:59am Apr 2, 2014 2:59am
Quoting Kosomolate
{quote} the daily CCI is hooking southwards even though price is pointing to the north. if everything is normal then we may soon have H4 coming south like 2k pips south. I may be wrong. kos {image}
Nice divergence there Kos
  • #7,608
  • Apr 3, 2014 7:54am Apr 3, 2014 7:54am
anyone have their has H4 change to show a red short ?
  • #7,609
  • Apr 3, 2014 8:26am Apr 3, 2014 8:26am
Have a nice day

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #7,610
  • Apr 3, 2014 1:53pm Apr 3, 2014 1:53pm
Quoting Kosomolate
Have a nice day kos {image}
I am in the short too
Cheers
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  • #7,611
  • Apr 4, 2014 11:50am Apr 4, 2014 11:50am
Quoting bishopdotun
{quote} I am in the short too Cheers {image}
nice entry, i am still waiting..i am inclined to sell, but i am learning to wait, no more pre-preemptive strikes..

Kos, i dey hail!!
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It is possible to make large sums trading, small losses, large wins
  • #7,612
  • Apr 6, 2014 1:54pm Apr 6, 2014 1:54pm
Hi Kos,

Kindly check the pix below and the arrows on the indicator window. I consider them as noise because they are abrupt changes in the direction of the trend before the trend switches back. How do you avoid such scenarios? Ideally one would have reversed the trade on close of the bar only to find that the previous trend still holds.
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  • #7,613
  • Apr 7, 2014 2:38pm Apr 7, 2014 2:38pm
Quoting bishopdotun
Hi Kos, Kindly check the pix below and the arrows on the indicator window. I consider them as noise because they are abrupt changes in the direction of the trend before the trend switches back. How do you avoid such scenarios? Ideally one would have reversed the trade on close of the bar only to find that the previous trend still holds. {image}
Hi, simple answer..
take that signals, open a basket, this are the loss...if you avoid a signal you may loss a win trade.
  • #7,614
  • Apr 8, 2014 4:16am Apr 8, 2014 4:16am
out with 200 on the short. Now am long


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #7,615
  • Apr 8, 2014 4:17am Apr 8, 2014 4:17am
Quoting shum
{quote} Hi, simple answer.. take that signals, open a basket, this are the loss...if you avoid a signal you may loss a win trade.
Exactly!!


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #7,616
  • Apr 8, 2014 4:19am Apr 8, 2014 4:19am
Exit short.

Long now
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  • #7,617
  • Apr 8, 2014 4:45am Apr 8, 2014 4:45am
My basket view...USD is weak, enjoyed some nice longs on EU and GU. Weak USD will keep yen pairs down, cos USDJPY will be down..So i chose only USD pairs...

Watching the yen, if it breaks support, and the USD is still weak, then my short yen trades..else
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It is possible to make large sums trading, small losses, large wins
  • #7,618
  • Apr 8, 2014 7:30am Apr 8, 2014 7:30am
Quoting Kosomolate
{quote} Exactly!! kos
Thank you Shum & KOS. Simple enough.
Happy trading.
  • #7,619
  • Apr 8, 2014 10:36am Apr 8, 2014 10:36am
Quoting omadivi
My basket view...USD is weak, enjoyed some nice longs on EU and GU. Weak USD will keep yen pairs down, cos USDJPY will be down..So i chose only USD pairs... Watching the yen, if it breaks support, and the USD is still weak, then my short yen trades..else {image} {image}
Anyone still long? this USD side of the basket should be profitable, The Yen is losing momentum, so i guess we should see some upside soon...But for now, i am playing the USD-side...I see divergence on the yen, but will wait for a clear signal....happy piping!!
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It is possible to make large sums trading, small losses, large wins
  • #7,620
  • Apr 8, 2014 11:24am Apr 8, 2014 11:24am
Quoting bishopdotun
Exit short. Long now {image}
hi,

it is interesting, i have the same setup, but mine is still in sell. no signal for buy.
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