Disliked{quote} Hi Godwin Igili, sorry to say that I'm no good in optimizing HAS & IXO either major pairs nor exotic pairs basket. I rely a lot on volume strength and trading background activities such as VSA and IA to make an entry/exit decisions. I treat sellers basket trading EA as universal EA to handle my trading strategies accordingly. For ranging pattern, I prefer to apply BO Channel or PO function made available in this EA. I'm really happy to use this EA due to its flexibility and multifunction features including MM. I never expect this EA to run...Ignored
Guys, This past month, most pairs are ranging, and this is not good for Basket and or Daily trading, so most are going down to the 4hr and 1hr to find some "trends" so that they can make some pips.
Im sticking with my Daily's mainly because they always trend nicely when they move, and you will make way more pips trading the daily's, this should be the Financial Foundation of your trading Business.
So while the daily's are ranging, im now going to setup my charts on another account and trade the Range on the Lower TF, now there are no TRENDS on the lower TF, never has been and never will be any, what you are doing is trading the Range, sell at the top of Range and buy at the bottom of range.
You will be caught when the Trends start on the Daily's, and this is why you should always be looking at the Daily charts, it is always safer trading the Range in the direction of the dominant Daily Trend.
Until we as traders realise this, we will continually shot ourselves in the foot.
I have learned the hard way.
Im sticking with my Daily's mainly because they always trend nicely when they move, and you will make way more pips trading the daily's, this should be the Financial Foundation of your trading Business.
So while the daily's are ranging, im now going to setup my charts on another account and trade the Range on the Lower TF, now there are no TRENDS on the lower TF, never has been and never will be any, what you are doing is trading the Range, sell at the top of Range and buy at the bottom of range.
You will be caught when the Trends start on the Daily's, and this is why you should always be looking at the Daily charts, it is always safer trading the Range in the direction of the dominant Daily Trend.
Until we as traders realise this, we will continually shot ourselves in the foot.
I have learned the hard way.
- #3,823
- Apr 25, 2014 1:27am Apr 25, 2014 1:27am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
Guys, The amazing part of the Ea is this, when some decent trends start, the Pips will be truly huge.
I using the Basket writer v2 at this moment, I know it has bugs, but im still trying, and so far it is going good.
We need to be able to pick the Pairs that are going in the same direction consistently, being a random pick is no where good enough.
So check the Daily and Weekly for each pair the is chosen by the BWv2, and only consider the pairs that are trending in your chosen TF, so in a ranging market only use the 4hr and 1hr charts if the Weekly and Daily are going in the same direction, and with practice we will be able to see the retrace trades and trend trades for what they truly are, and at this point we shall not be novices any more, but on our way to becoming real traders.
I write this for my benefit also, because I need to see the whole picture, and the last piece of the puzzle for me has been learning the difference between the Range and Trend and when they start and finish, the second last lesson was Money Management, for when you start making money ( Like I have), you need to understand the risk you are currently using, if you do not the the smartest traders on the planet will take all your profits and capitol.
Im finding that this thread has helped me a lot.
Thanks to everyone who has helped me.
SI
I using the Basket writer v2 at this moment, I know it has bugs, but im still trying, and so far it is going good.
We need to be able to pick the Pairs that are going in the same direction consistently, being a random pick is no where good enough.
So check the Daily and Weekly for each pair the is chosen by the BWv2, and only consider the pairs that are trending in your chosen TF, so in a ranging market only use the 4hr and 1hr charts if the Weekly and Daily are going in the same direction, and with practice we will be able to see the retrace trades and trend trades for what they truly are, and at this point we shall not be novices any more, but on our way to becoming real traders.
I write this for my benefit also, because I need to see the whole picture, and the last piece of the puzzle for me has been learning the difference between the Range and Trend and when they start and finish, the second last lesson was Money Management, for when you start making money ( Like I have), you need to understand the risk you are currently using, if you do not the the smartest traders on the planet will take all your profits and capitol.
Im finding that this thread has helped me a lot.
Thanks to everyone who has helped me.
SI
- #3,830
- Apr 25, 2014 10:59pm Apr 25, 2014 10:59pm
{quote} The spread jumps around and there is delay as to when the trade is taken and the screen shot is taken, so the spread was probably within range when the trade was taken and since Entry 0 conditions were met the trade was taken.
accounts....aha... joking!!!
Look to the LEFT of your CHART.....
- #3,832
- Apr 26, 2014 9:53am Apr 26, 2014 9:53am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Basket_Writer_v3 has been published in the first post.
Please view the video before trying to use it.
One change I forgot to mention in the video is when you create a "Manual" basket with the buttons the list is now in the order of the button selection, before it was always in alphabetical order.
Please view the video before trying to use it.
One change I forgot to mention in the video is when you create a "Manual" basket with the buttons the list is now in the order of the button selection, before it was always in alphabetical order.
- #3,834
- Apr 26, 2014 11:26am Apr 26, 2014 11:26am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
- #3,835
- Apr 26, 2014 11:39am Apr 26, 2014 11:39am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
- #3,838
- Apr 27, 2014 3:34am Apr 27, 2014 3:34am
Basket_Writer_v3 has been published in the first post. Please view the video before trying to use it. One change I forgot to mention in the video is when you create a "Manual" basket with the buttons the list is now in the order of the button selection, before it was always in alphabetical order. {image}
Hi seller9,
I don't know what to say or maybe to many words to compliment your effort and sacrifice. So, I give you this:
Kopra
You do good, Good will come to you. Self deception never succeed.
- #3,839
- Apr 27, 2014 3:51am Apr 27, 2014 3:51am
Guys, The amazing part of the Ea is this, when some decent trends start, the Pips will be truly huge. I using the Basket writer v2 at this moment, I know it has bugs, but im still trying, and so far it is going good. We need to be able to pick the Pairs that are going in the same direction consistently, being a random pick is no where good enough. So check the Daily and Weekly for each pair the is chosen by the BWv2, and only consider the pairs that are trending in your chosen TF, so in a ranging market only use the 4hr and 1hr charts if the Weekly...
Hi, steadyincome
I completely agree with you.
Thanks for sharing your kind thoughts.
Kopra.
You do good, Good will come to you. Self deception never succeed.