Basket Trading EA

Price Action is the key.....setup and wait for the Break out...

hey i wanted to give you guys this, so you can understand more about why you guys are stuck in range, and what is really moving price.

I'm done with this EA because an EA won't be able to read what's really going on with price, you have too much analysis to do.

I noticed you guys are struggling to figure out how to avoid range, why not try to understand it..here's a little something i found while studying a system i've revisited recently. the videos only identify what is moving price, it's not the system i'm using. don't refer to that guy as to how to trade. Only try to realize the truth






enjoy,

hope you guys start to realize the truth about the markets and trade accordingly

Dear allisonmagic
Very ,very interesting, but for me ,as a very small trader ,it is important to follow
the TREND.If I have to do your analize everytime I have to go on a trade,
by the time I finish to analize the TREND IS GONE!!!!!!
For me seller's EA do a very good job,helping me to go in and out of a trade.
Again, your analize it is very good, but dont forget,we can not realy follow
the smart BOYS. WHY? Because we DO NOT HAVE THE SAME KIND OF RESOURCES.

My respects

Dan

dan you got it all wrong my friend.. go take some time to learn

DO I???????????

i quit using this EA cause i got nailed several times, and almost quit trading for good.. until i found a new strategy

We don't have to follow the manipulators, but at least know when they are going to make their move.

In ranging markets you will get nailed whether you trade with EA's, manually or with any other method.
I used to be a 'system hopper' myself. Whenever something started losing money I would look to the next best system to come along, until that lost me money in ranging markets also. Then I would find something better.............
Or, try this - lets add a different indicator to keep me out of those pesky losing trades, or maybe even two or three - that will guarantee I stay out of the markets until all my indicators line up and are in agreement - then I am certain to be on a winner!
Your search for the holy grail is futile my friend. I have been there and done that.

this isn't a system, it's a robot

but used as a manual trading tool its fantastic.
Used as a stand alone EA - not perfect, but no system is.
thats why we are here.

if you lost money, its because you traded a system live before testing.
even testing JPY7 for a week you would know when ranging it looses money...

test, measure, perfect......

=====
as for learning how markets are manipulated, try these videos:
http://www.youtube.com/user/TradingToTheMillion/videos

start with :Market Makers Method Training Part One

great info on market makers

hi everybody, be ready for short basket, Core5, universal, original, & C12..
Regards
Hukam,

i'm not trying to avoid ranging markets, im trying to lose as less as possible on them.

it's a simple fact, if you use your indicators as an entry point to have to take every entry they provide. So the only thing you can actually cantrol is your exits.

That makes it easier, since you need only to practice your exits, not entries. So far, so good with this EA. And i'm running a lot of stuff.

Here are some guidelines i use :

1)Nobody has gone broke taking profits.
2)Growing drawdows is what kills a deposit
3)A good entry, will make you know it's a good one in a short time, and will allow you to least a BE. You can always re-enter
4)A bad entry will do so as well and should be cut asap. If a bad entry was just a temporary pull-back, you can always re-enter.
5)Profits should be protected by trailing your stop(manually or auto). in case stop has been taken out and the trend contiues, well, you can always re-enter.
6)An indicator-based system is all about statistics and probability laws. Results should only be counted on a long enough term, depending on timeframe (a week is a long-term for M1 TF, for instance)

Hope this helps

Thanks for the early call, I have a request if u dont mind. Could u plz attach the core 5, universal, original & c12 basket files as well as settings if u don't mind so we can use them.Thanks again

Only one person can really answer if automated forex trading systems actually make money. And that person is no other than YOU.

If everyone is using some kind of automated forex trading systems that makes them money when they are sleeping we all be filthy rich by now. Trading is just like any other business NO SHORT CUTS.

i will attach all necessary things, and linked here..
Regards
Hukam

Hi Seller9 & the great team of supporters & helpers.
I have been following this great thread since its inception in parallel with Kos’, Still Basketting thread, & have learnt more from the discussions & development of this BTS system & Seller’s EA & its application to the system on these threads, than anything I had followed before in my (4-5 yrs) Forex learning curve.

It has been an outstanding opportunity & good fortune, to be part of this learning experience that would be unique in any field, with our exceptionally generous, skillful, & patient coders, who have been supported by a group of very willing assistants who have contributed to the many brain storming sessions along the way.

I had over 6 decades of experience in many & varied business ventures & I see there is much similarity between businesses & Forex trading, very few people start any business & go on a 45% chart trendline to financial utopia without many hitches along the way, often failing a number of times on the journey. Many never reach that goal.

The similarities between businesses & Forex have much in common, particularly money management. If a normal business invests in too much stock & material before it has developed a sufficient income cashflow, it invariably comes to grief, ie liquidation (margin call, by another name). All businesses are at the mercy of market trends, some up, some down. Also supply & demand, often manipulated by large companies, banks, fire & flood & drought. All of these flow through to Forex. As in normal businesses, a lot of participants eventually make it if they persist.

Seller9 has made a magnanimous effort, which makes me confident that with the continuing participation of his thread’s team, we will eventually have the closest possible to a Holy Grail.
I do not believe you could buy such a unique learning experience from a commercial developer, as has been provided by Seller9’ & Kos’ respective threads, the combination is building a complete system.

It would be a shame if any of the contributors departed. The success will be ensured by the continued, combined, unselfish input of the band of helpers. Stick at it Allisonmagic

I am sorry that I have not contributed, I am handicapped by onset of old timers syndrome, bad memory & slow learning, by the time I absorb a new feature in the system, you have all moved on to the next.
I have read every post, some many times, always trying to catch up.
My comments would be ludicrous.

I thank you all sincerely for your generosity. Larfa

@hukam, I believe you forgot the attachments (or maybe they cannot be posted).
Probably better to copy and paste.

Allison, I thought you were leaving this thread??

dito, good to have good people here, even if mostly silent

Seller,
Any ETA on the basket writer v3?

short jpy7..let see what will give the market

https://charts.mql5.com/4/518/jpy7-0...ri-limited.png