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Basket Trading EA

  • #4,741
  • Jul 29, 2014 5:28am Jul 29, 2014 5:28am
Quoting indy221
{quote} Hello to all! First of all thanks Seller9 for this wonderful tools and your continued support! Can you explain how to place Limit Orders? Regards
Indi221,

It is not difficult to put the orders, either Break out or Pending Orders. You use lines which is all in the EA used to Manage the Basket Trades. Put in some effort and watch the videos and you will be glad you did. Good traders do their home work, so do yours Mr.

All the Best.
Born to rule my Economic World and Make a Difference!
  • #4,742
  • Jul 29, 2014 6:17am Jul 29, 2014 6:17am
Quoting indy221
{quote} First of all thanks Seller9 for this wonderful tools and your continued support! Can you explain how to place Limit Orders? Regards
Hello Indy221,
I saw your question about limit orders and noticed a couple replies suggesting that you watch the page one videos to setup limit orders. It's good advice to review the videos but I received a specific answer from Seller9 regarding the same question a couple weeks ago (post #4545); 'Can one place limit orders on the basket using the expert?" Seller9's answer was No.

Quoting seller9
{quote} Q: I love the functionality of the BreakOut levels. Is it possible to use one of these as a limit entry level rather than a stop entry level? Example; After there is a signal for a trade entry (manual or auto ) can one set a limit level better than current price to wait for a bounce to enter for an initial or add-on trade at better price before price returns to its previous direction?
A: No
The expert's BO levels can set entry Stop levels, but not entry Limit levels.

Poster Smknyc has mentioned using limit orders with his technique of setting up baskets based on the New York close. As I don't see a running profit on his posted charts I'm guessing he sets the limit orders individually and manually on each pair rather than managing the trade through Seller9's expert.
But, that's a question I intended to clarify with him and would be happy to have my assumption corrected ............
  • #4,743
  • Jul 29, 2014 6:29am Jul 29, 2014 6:29am
Hello seller9,

Thank you for the update. Works great now with max 20 pairs. Can u add also the number of pairs to be reversed? Like 4-6 of course all will be set to default false as is and up to user preferences to reverse or not. I like that way since lot of pairs really need to be reverse esp the cross ones i.e. nzdusd the reverse eurnzd/gbpnzd and so on and so fort. plan to link manually the set of pairs with the reverse included and attaching on basket that there is no reverse pair included. I like custom baskets with no reverse included in creating it since it eliminates the dragging effect and will produce solid clean runs. I know everyone love this too. cheers!

Quoting seller9
BT_14_v22_670et Version 22 has been posted on first page. 1) 1 to 20 pairs can now be used 2) Compiled under build 670, buttons on left side of screen until MT4 bug is fixed by MT4 folks. Be sure to use the build 670et versions with the new version 22 EA as it looks for the 670 name for the indicators. You can still use these under build 646, in EA settings you can put the buttons back on the right side for build 646 if you want to. No other changes at this time.
  • #4,744
  • Edited 11:09am Jul 29, 2014 6:46am | Edited 11:09am
Quoting Leomeister
{quote} Hello Indy221, I saw your question about limit orders and noticed a couple replies suggesting that you watch the page one videos to setup limit orders. It's good advice to review the videos but I received a specific answer from Seller9 regarding the same question a couple weeks ago (post #4545); 'Can one place limit orders on the basket using the expert?" Seller9's answer was No. {quote} The expert's BO levels can set entry Stop levels, but not entry Limit levels. Poster Smknyc has mentioned using limit orders with his technique of setting...
[/b]

Hello Leomeister,

He places his limit orders individually / manually. Here are the NZD trade setups from last night, split into two baskets.
NZD S +85
NZD B +177

Paul
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Trading is Methodical - Markets are Emotional
  • #4,745
  • Jul 29, 2014 8:00am Jul 29, 2014 8:00am
Quoting Smknyc
{quote}[/b] Hello Leomeister, That is correct he sets limit orders individually and manually. Here are the NZD trade setups from last night, divided into two baskets. NZD S +85 NZD B +177 Paul {image} {image}
Hello Paul, Thanks for your reply and posted charts. I'm just starting to try and apply your method combined with the currency strength meter in Seller9's expert. I looked at your 'weak NZD basket' charts from yesterday. Is the first yellow horz line the limit entry level placed at previous support, and the second yellow horz line your target TP line placed at previous resistance level? Or do you let the trade run and close the trade at the NY close?

I don't know where in the world you live, but wondered if you use the limit entry so you can sleep during the the Asian open?)

Thanks
  • #4,746
  • Jul 30, 2014 7:20am Jul 30, 2014 7:20am
Seller9 did you put a scene that shows the strongest pairs as ı told you.ıhad advised you just use them merely with good money managing.İf you interestabout it ı will be glad.
  • #4,747
  • Jul 30, 2014 8:52am Jul 30, 2014 8:52am
Correlation table for the daily time frame. Strongly correlated are in blue, neg correlated are in red.
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  • #4,748
  • Edited 10:22am Jul 30, 2014 10:08am | Edited 10:22am
Last night basket trades using just BO.
I picked these pairs, 4 short and 3 long from the USD group by looking at the charts for direction from this 7 pair group.
I set this up just before Asia opens with my BO line on the previous NY high or low, depending on which direction I am looking to go with the basket.
The news kicked it off for a nice gain.

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  • #4,749
  • Jul 30, 2014 9:49pm Jul 30, 2014 9:49pm
Quoting hukam
hi friends, let see how price react to TP line - TP line is 30min., 60min, 240min supply zone. its a C14 Universal Pairs. Regards Hukam {image}
- Universal basket - #C14#
this signal was failed, and basket stuck for a week( i haven't use stop loss) and i noticed its was under loss min to mix 100 to 230pips.
but as we all knows basket is moving like a wave from + to - ve and -ve to + ve, today its back to its profit.
i am on mobile i have two buy baskets i will post my results by today evening.
from last week i don't see any big move in universal basket.
thanks & regards,
Hukam
  • #4,750
  • Jul 31, 2014 1:05am Jul 31, 2014 1:05am
Hi seller9,

This is what I am asking for in my post 4743 by adding more allowed pairs to reverse in the EA not just two. You need not to separate the majors basket into two basket all you have to do is watch the basket of (eurusd,gbpusd,audusd and nzdusd) and link manually the list of pairs to trade 7 of them which include this reverse pairs (usdjpy, usdcad and usdchf). This three should go first in the list and in the pairs to reverse set to true. When a significant US news comes you know how this pairs reacts and they are just 1 click away to trade them all. Hope you can add more pairs to reverse in your future updates of this great EA and this is not just limited to USD pairs there goes GBP, AUD,CAD,NZD,JPY, AND CHF in which they also have pairs need to reverse. I like to separate custom baskets this way because its like lazer targeted trading.

Quoting seller9
Last night basket trades using just BO. I picked these pairs, 4 short and 3 long from the USD group by looking at the charts for direction from this 7 pair group. I set this up just before Asia opens with my BO line on the previous NY high or low, depending on which direction I am looking to go with the basket. The news kicked it off for a nice gain. {image} {image}
  • #4,751
  • Jul 31, 2014 8:19am Jul 31, 2014 8:19am
Quoting seller9
Last night basket trades using just BO. I picked these pairs, 4 short and 3 long from the USD group by looking at the charts for direction from this 7 pair group. I set this up just before Asia opens with my BO line on the previous NY high or low, depending on which direction I am looking to go with the basket. The news kicked it off for a nice gain. {image} {image}
I like it Seller. I guess this would work with the open of any market. Just need to see which pairs are best with which market open. I will check this prospect out this weekend and report back with results. Question, what do you use as an exit?
  • #4,752
  • Jul 31, 2014 9:18am Jul 31, 2014 9:18am
4 hr correlation data.
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  • #4,753
  • Edited 12:19pm Jul 31, 2014 9:44am | Edited 12:19pm
Quoting seller9
Last night basket trades using just BO. I picked these pairs, 4 short and 3 long from the USD group by looking at the charts for direction from this 7 pair group. I set this up just before Asia opens with my BO line on the previous NY high or low, depending on which direction I am looking to go with the basket. The news kicked it off for a nice gain. {image} {image}
Brilliant! PiP$ keep em coming. See how easy it is to analyis individual pairs by eyeballing the charts and creating your unique basket to trade without any lagging
indicators? New moto : Trade what you SEE, not what you're told.

I've nothing against indicators use them as visual confirmation but not for picking pairs and putting your money on the line. Agree with me or not all indicators LAG no matter how robust your indicator maybe nothing BEATS the price action dynamics.

Seller9 tools are brilliantly put together place your trades on a single chart and let the EA manage it for you, how to pick the pairs and when to trade them that requires chart time and the basic knowledge of the market. Once you understand Oil, Consumer goods and GOLD you will understand the price pattern of core 6 then you move on to trading crosses.

Cheers
Trading is Methodical - Markets are Emotional
  • #4,754
  • Edited 10:43am Jul 31, 2014 10:27am | Edited 10:43am
Quoting Roger7777
{quote} I like it Seller. I guess this would work with the open of any market. Just need to see which pairs are best with which market open. I will check this prospect out this weekend and report back with results. Question, what do you use as an exit?
Hi Roger

Here are some test baskets I watched that I built just by eyeing the M15 charts for direction, I probably just got lucky, but look how the close would have worked perfectly if you had closed at the London Close. You would have opened the trade when the M15 candle closed above or below the previous NY High or Low, depending if it was a long or short basket.

You have to get lucky once in a while.

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Entry line was placed wrong, should be at NY high not London High
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  • #4,755
  • Jul 31, 2014 10:37am Jul 31, 2014 10:37am
CAD pairs - % gains for today
it's all about the ROI
@SELLER Lets subtract LUCK from our vocabulary - Plan your trades - Trade your plan. You're doing great lining up the pairs.

Cheers
Attached Image(s) (click to enlarge)
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Attached Image
Trading is Methodical - Markets are Emotional
  • #4,756
  • Jul 31, 2014 10:58am Jul 31, 2014 10:58am
Quoting seller9
Last night basket trades using just BO. I picked these pairs, 4 short and 3 long from the USD group by looking at the charts for direction from this 7 pair group. I set this up just before Asia opens with my BO line on the previous NY high or low, depending on which direction I am looking to go with the basket. The news kicked it off for a nice gain. {image} {image}
Hey Seller,
I'm working this out and is looking very promising. Sam, thank you for your time and patients with us. I'm becoming a believer!
  • #4,757
  • Jul 31, 2014 10:59am Jul 31, 2014 10:59am
Quoting Roger7777
{quote} Hey Seller, I'm working this out and is looking very promising. Sam, thank you for your time and patients with us. I'm becoming a believer!
You're most welcome Roger777

Cheers

P.S Next we will talk about DD - MM - RR - POI
Trading is Methodical - Markets are Emotional
  • #4,758
  • Jul 31, 2014 11:13am Jul 31, 2014 11:13am
Quoting Roger7777
{quote} Hey Seller, I'm working this out and is looking very promising. I'm becoming a believer!

Hey Roger,

Our group has a meeting room every night in which we use GOTO Meeting..Sellar is in our room along with other traders who are deeply discussing this technique we all have been posting. I would like to invite you to the room if you would like to join us in discussing this approach. You can email me at [email protected]. Thanks and we look forward to talking more to you..

Jimmy
  • #4,759
  • Edited 11:38am Jul 31, 2014 11:19am | Edited 11:38am
Reason for CAD lineup.
USDCAD one of the commodity pair.
Commodity currencies rich in natural resources: Canada, Australia and New Zealand.
Attached Images
Trading is Methodical - Markets are Emotional
  • #4,760
  • Jul 31, 2014 11:36am Jul 31, 2014 11:36am
Quoting seller9
{quote} Hi Roger Here are some test baskets I watched that I built just by eyeing the M15 charts for direction, I probably just got lucky, but look how the close would have worked perfectly if you had closed at the London Close. You would have opened the trade when the M15 candle closed above or below the previous NY High or Low, depending if it was a long or short basket. You have to get lucky once in a while. {image} Entry line was placed wrong, should be at NY high not London High {image} {image} {image}
Hey Seller,
What would be better for entry, BO or PO. I know the pros and cons of both, do you prefer the BO? And why? Thanks for all you do.
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