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Basket Trading EA

  • #4,781
  • Aug 4, 2014 5:31am Aug 4, 2014 5:31am
Yes, I have already done that, was one of the first things mentioned in the youtube video, i.e. load all of the available pairs and then apply the forceloadhistoricaldata indi. The video was very specific about this - and as I already mentioned, I have followed everything in the video exactly as instructed.

Any other ideas?
Trade to Live - Don't Live to Trade
  • #4,782
  • Aug 4, 2014 6:20am Aug 4, 2014 6:20am
Quoting kirkleaforex
Yes, I have already done that, was one of the first things mentioned in the youtube video, i.e. load all of the available pairs and then apply the forceloadhistoricaldata indi. The video was very specific about this - and as I already mentioned, I have followed everything in the video exactly as instructed. Any other ideas?
okay...
what are you trying to do at this moment, when the error message occur? adding the basket writer ea? clicking on "write basket file"? etc...
this information would help to locate the problem.
  • #4,783
  • Aug 4, 2014 8:06am Aug 4, 2014 8:06am
Quoting Smknyc
{quote} 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...
Hey Sam,
Please confirm, when trading on a hour basket you use the hour single pair charts to eyeball the trending, correct? Or do you use a higher tf for eyeballing? Thanks for your help and knowledge.
  • #4,784
  • Edited 10:45am Aug 4, 2014 8:14am | Edited 10:45am
Quoting Roger7777
{quote} Hey Sam, Please confirm, when trading on a hour basket you use the hour single pair charts to eyeball the trending, correct? Or do you use a higher tf for eyeballing? Thanks for your help and knowledge.
Hello Roger,

Please check your FF inbox

Paul.
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Trading is Methodical - Markets are Emotional
  • #4,785
  • Aug 4, 2014 12:34pm Aug 4, 2014 12:34pm
Quoting snowyHH
{quote} okay... what are you trying to do at this moment, when the error message occur? adding the basket writer ea? clicking on "write basket file"? etc... this information would help to locate the problem.
I am adding the Basket Writer EA to the offline chart. I have done the JPY basket exactly as shown in the "Getting Started" Youtube example (JPY7).

I will try this with another broker and report back.
Trade to Live - Don't Live to Trade
  • #4,786
  • Aug 4, 2014 2:42pm Aug 4, 2014 2:42pm
Quoting kirkleaforex
{quote} I am adding the Basket Writer EA to the offline chart. I have done the JPY basket exactly as shown in the "Getting Started" Youtube example (JPY7). I will try this with another broker and report back.
i just tried it with the build 670 files in a clean fresh 670 installation (global prime, demo account). no problems here:

Attached Image


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  • #4,787
  • Aug 4, 2014 3:43pm Aug 4, 2014 3:43pm
Retrace 50% after ABCD complition.
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Only Gold and silver
  • #4,788
  • Edited 6:47pm Aug 4, 2014 4:12pm | Edited 6:47pm
Quoting kirkleaforex
{quote} I am adding the Basket Writer EA to the offline chart. I have done the JPY basket exactly as shown in the "Getting Started" Youtube example (JPY7). I will try this with another broker and report back.

Hi kirkleaforex,

Even though you already did all the setup, better to double check. Especially at market watch list and create basket indi hot key.
sometime missing due to handling issue.

Attached screenshots are most common issue due to basket create error if setup fail or missing.

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Regards
Kopra
You do good, Good will come to you. Self deception never succeed.
  • #4,789
  • Aug 5, 2014 3:35am Aug 5, 2014 3:35am
Hi seller9,

Thanks a lot for all the effort you've put into the creation of this marvelous EA.

I've been trying to get my hands around how to really get this stuff running but have been having a lot of contemplations about certain aspects of selection of Basket pairs to trade.

It is my candid opinion that one of the most important components of this trading strategy is the strength of the individual currencies one picks to trade.

In the Basket Writer v3 video on your Youtube Channel, you made use of the CSSDiff_g indicator as the currency strength determinant for selection of pairs to trade. Personally I like developing trust in the instrument or tools that I intend to use in doing anything and when it comes to Forex trading, I think that becomes all the more important.

In my quest to find out how exactly the CSSDiff indicator works, I came across this in SteveHopwoods forum (http://www.stevehopwoodforex.com/php...cssdiff#p49546).

http://www.stevehopwoodforex.com/php...p?id=18417&t=1

Basically, the CSSDiff indicator repaints as bad the Semafor indicator IMOH.

What are the advantages/disadvantages in Forex trading of using Currency Strength Meters which such features as the ignoreFuture=false and ignoreFuture=true? Why use such a repainting indicator in deciding such a delicate matter as Currency Strength when it is the most crucial aspect of trading itself?

If I am correct, I believe that the indicator (and most of the Currency Meters out there) makes use of Moving Averages to smooth out their final figures, therefore given the lagging nature of Moving Averages in general, is this not part of why the currency strength meter lags mostly as you often emphasize. Given that they most use Moving Averages to smooth out the results, but the magnitude of the repainting of the CSSDiff indicator just baffles me to say the least.

I'm just really confused at the moment. I need to have a degree of confidence in this tool (or any other currency strength meter) just like I have almost absolute trust in the reliability of the BT EA itself. Nothing is absolute in the Forex trading arena but there should be a level of confidence in any chosen trading tool.

What do you think of Cynthia Macy's "Forex Profit Supreme Currency Strength Meter" indicator? Although I don't fully understand as at yet understand its working, but it does appear to be more real time in nature compared to the CSSDiff. What about Hanover's Recent Strength Meter?

I know you might have had your hands on most of these other Currency Strength Meters before opting for the CSSDiff indicator, but if you can just give a brief explanation of your choice of it, that may somewhat quell my agitations.

Just really rambling here and hoping someone can help settle my agitation about the use of the currency strength meter or just suggest a more reliable one.

Thanks a lot seller9.
  • #4,790
  • Aug 5, 2014 3:38am Aug 5, 2014 3:38am
Quoting KopraTasa
{quote} Hi kirkleaforex, Even though you already did all the setup, better to double check. Especially at market watch list and create basket indi hot key. sometime missing due to handling issue. Attached screenshots are most common issue due to basket create error if setup fail or missing. {image} {image} {image} Regards Kopra
Many thanks for all the offers of help...however I am convinced it is a Broker-related issue. I can't explain why I think this, other than I have just tried FinFX, the same broker that seller9 uses, and everything loads straight away.

I will try an Australian broker next (as I live in Oz), and report back. Thanks again everyone.
Trade to Live - Don't Live to Trade
  • #4,791
  • Edited 7:10am Aug 5, 2014 7:00am | Edited 7:10am
Quoting kirkleaforex
{quote} Many thanks for all the offers of help...however I am convinced it is a Broker-related issue. I can't explain why I think this, other than I have just tried FinFX, the same broker that seller9 uses, and everything loads straight away. I will try an Australian broker next (as I live in Oz), and report back. Thanks again everyone.

all right kirk.

wish you all the best and happy trading.

Kopra.
You do good, Good will come to you. Self deception never succeed.
  • #4,792
  • Aug 5, 2014 12:05pm Aug 5, 2014 12:05pm
Just want to share some results of what I have used via Sam's/Paul's advice. I tried this for the first time last night with outstanding results. The following is what I did: At the end of the NY session I looked at all my single pairs (1h charts) and divided them buy trend, up or down. I picked the strongest ones and put them in one BUY basket and one Sell, 1H charts. On each chart I put a vertical line at the daily open and the Asian open. I put horizontal lines at the first and second resistance/support and yellow horizontal lines at the daily open and Asian open (once the Asian opened) . As soon as the Asian opened I used a PO (Pending Order) 10 pips below the Asian open line. My exit was to: close at the end of London, or Trailing SL set at the last High before the Asian open, (tonight I will use a BE set at 75% of the first resistance/support) what ever happen first. Buy the charts you can see where I got out, but if I would have waited longer profits would have been much more.

This one I closed just before the end of London. About 182 pips.
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This trade closed TSL with about 143 pips. If I would have ridden this out to London close it would have given about 460 pips.

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Thanks Sam/Paul I'm becoming more of a believer in only using PA. Great combination of trading PA only on this super EA.
  • #4,793
  • Aug 5, 2014 3:10pm Aug 5, 2014 3:10pm
Quoting Roger7777
Just want to share some results of what I have used via Sam's/Paul's advice. I tried this for the first time last night with outstanding results. The following is what I did: At the end of the NY session I looked at all my single pairs (1h charts) and divided them buy trend, up or down. I picked the strongest ones and put them in one BUY basket and one Sell, 1H charts. On each chart I put a vertical line at the daily open and the Asian open. I put horizontal lines at the first and second resistance/support and yellow horizontal lines at the daily...

Great Job Roger....I sent a invite to your email. We would love for you to come into the room and show us what you did...If possible.

Jimmy
  • #4,794
  • Aug 5, 2014 6:33pm Aug 5, 2014 6:33pm
Quoting Roger7777
Just want to share some results of what I have used via Sam's/Paul's advice. I tried this for the first time last night with outstanding results. The following is what I did: At the end of the NY session I looked at all my single pairs (1h charts) and divided them buy trend, up or down. I picked the strongest ones and put them in one BUY basket and one Sell, 1H charts. On each chart I put a vertical line at the daily open and the Asian open. I put horizontal lines at the first and second resistance/support and yellow horizontal lines at the daily...


Hi Roger7777,
OMG...I think I already make a mistake on the first place. you choose strong trend to create a basket but what I did is base on currency strength. no wonder I got huge drawdown and hope for second chance on trendline breakout. I'm just lucky to exit with few green pips...anyhow it is a demo account.

thank you for your excellent trading info until I realized my mistake. wish you to check my screen shot and pls advise me if there are more handicap.

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3rd screenshot EA not functioning due to power supply failure. I monitor and close manually to exit.
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Regards.
Kopra

p.s: trendline breakout come to my interest now.
You do good, Good will come to you. Self deception never succeed.
  • #4,795
  • Aug 5, 2014 7:02pm Aug 5, 2014 7:02pm
Quoting KopraTasa
{quote} Hi Roger7777, OMG...I think I already make a mistake on the first place. you choose strong trend to create a basket but what I did is base on currency strength. no wonder I got huge drawdown and hope for second chance on trendline breakout. I'm just lucky to exit with few green pips...anyhow it is a demo account. thank you for your excellent trading info until I realized my mistake. wish you to check my screen shot and pls advise me if there are more handicap. {image} {image} 3rd screenshot EA not functioning due to power supply failure....
Hi,
I would recommend getting ride of all the indy's. Most lag. Just see the price action and enter with a PO just below or above the Asian open, depending on which basket you are using Buy or Sell. I like to keep it simple. This is kind of like breakout trading in the direction of a trend only. You could use a BE, TSL or just close at the end of London. This is just my humble opinion.
  • #4,796
  • Aug 5, 2014 7:18pm Aug 5, 2014 7:18pm
Quoting Roger7777
{quote} Hi, I would recommend getting ride of all the indy's. Most lag. Just see the price action and enter with a PO just below or above the Asian open, depending on which basket you are using Buy or Sell. I like to keep it simple. This is kind of like breakout trading in the direction of a trend only. You could use a BE, TSL or just close at the end of London. This is just my humble opinion.

excellent Roger777.

I'll do it now.

Thank you for your quick and generous advise. This is phenomenal!

Kopra
You do good, Good will come to you. Self deception never succeed.
  • #4,797
  • Aug 5, 2014 7:26pm Aug 5, 2014 7:26pm
Quoting KopraTasa
{quote} excellent Roger777. I'll do it now. Thank you for your quick and generous advise. This is phenomenal! Kopra
Just remember, let the PO get you in and then you must manage it. I would set SL once trade opens at the last hi/low and once you move into positive pips, turn on the TSL. Also, don't chock out the trade by having the SL to close, let it breathe. I give all the credit to Sam/Paul, they turned me on to this.
  • #4,798
  • Aug 5, 2014 7:34pm Aug 5, 2014 7:34pm
Hey Seller,
I need your help. I have never ever used a BE setting in all my days of trading. Needless to say, not even the one on the EA. I believe I got the "breakeven pips each pair" setting. That's where when PA goes past the setting and if the PA turn around, the BE will close the trade at x amount of pips as per setting, right? Ok, where does the "breakeven offset pips" come in to play???? Thanks for your help and all you do here. Cheers
  • #4,799
  • Aug 5, 2014 9:35pm Aug 5, 2014 9:35pm
Quoting Roger7777
Hey Seller, I need your help. I have never ever used a BE setting in all my days of trading. Needless to say, not even the one on the EA. I believe I got the "breakeven pips each pair" setting. That's where when PA goes past the setting and if the PA turn around, the BE will close the trade at x amount of pips as per setting, right? Ok, where does the "breakeven offset pips" come in to play???? Thanks for your help and all you do here. Cheers
I think that means to breakeven +2 or whatever you set it for. Instead of 0 you will at least keep a couple of pips.
  • #4,800
  • Aug 5, 2014 10:07pm Aug 5, 2014 10:07pm
Quoting Roger7777
Just want to share some results of what I have used via Sam's/Paul's advice. I tried this for the first time last night with outstanding results. The following is what I did: At the end of the NY session I looked at all my single pairs (1h charts) and divided them buy trend, up or down. I picked the strongest ones and put them in one BUY basket and one Sell, 1H charts. On each chart I put a vertical line at the daily open and the Asian open. I put horizontal lines at the first and second resistance/support and yellow horizontal lines at the daily...
Hiya Roger you are most welcome! Keep up the good work.
Cheers
Trading is Methodical - Markets are Emotional
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