Basket Trading EA

Quoting Pipotron

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Hi all, I'm very new to basket trading. May I know whats the kind of drawdown in terms of pips can one expect? Can the experienced traders also suggest a lot size per 1K, example 0.01 lot for a basket of 14, every 1k? Thank you.

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Quoting Pipotron

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Thank you Smknyc, May I know what sort of drawdown in terms of pips can one expect from basket trading? Any personal experience to share? That will help me calculate the sort of risk % involved.

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Quoting Pipotron

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Hi all, I still get these 2 errors, how crucial is this? EURCAD and EURGBP. {image}

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Quoting Smknyc

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{quote} We select pairs at NY close. Pairs are divided into two baskets " not suggesting to trade the entire basket lineup as is " we need to be selective We look for any news events during Asia If there are major news events during Asia then we will select pairs accordingly LAST NIGHT AUD WAS THE MAIN ATTRACTION Same goes for London or New York news events 60 Min prior London / New York we will tweak the baskets again. Pairs may shift direction or go into range from Asia to London or London to New York Close trades when it meets your daily target...

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Quoting Smknyc

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NY Session EUR trades in progress + 120 reached all pairs at BE + LOOK LEFT FOR " POI " point of interest PA on the chart clearly shows where you should put your SL - and profit targets. PAY ATTENTION TO PRICE ACTION REST WILL FOLLOW. FOLLOW SMART MONEY - NOT INDICATORS {image} {image}

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Quoting KopraTasa

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{quote} sifu Smknyc, point by point guidelines....I'm glad and thankfull to you sir. that is what I'm looking for. my english vocab and grammar level is "D"...easy for me to understand the way you layout the guidelines. btw, what is POI (Point of Interest) sir? Can you pls define POI for my learning and understandings. I usually look to the left previous HILO to create lines of support & resistance. thank you so much sifu. Regards Kopra

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Quoting seller9

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I would just like to take a moment to thank Sam "Smknyc" for his words of wisdom and help he is giving to everyone in this forum. It is seldom that you get someone with his knowledge and experience to share so willingly. At times it may seem "cryptic" as to what he is saying, but he is only trying to get you to think for yourself so you can be a better trader. Those who want to be given the answers without trying to understand the reason behind them are doomed to failure. If you want to lose your money quickly just subscribe to one of the daily...

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Quoting sharemaster2

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{quote} Very Impressive Kopra...., You have really mastered how Sam does it and I noted you added to winning trades with the ADD Button, this is what really turns a 50 pips move in to 100-200 pips for you. Well done. Just master picking the right pairs and at the right time with news event is key. Keep posting your trades. All the best.

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Quoting seller9

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I would just like to take a moment to thank Sam "Smknyc" for his words of wisdom and help he is giving to everyone in this forum. It is seldom that you get someone with his knowledge and experience to share so willingly. At times it may seem "cryptic" as to what he is saying, but he is only trying to get you to think for yourself so you can be a better trader. Those who want to be given the answers without trying to understand the reason behind them are doomed to failure. If you want to lose your money quickly just subscribe to one of the daily...

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Quoting Smknyc

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{quote} Thank you sir your kind words means a lot to me. Cheers

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Quoting Smknyc

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{quote} Hiya I do appreciate the honor just call me Sam or SMK. Your English is fine. POI ( point of interest ) look at my 2nd chart RED trend line to the left touching HOZ lines those are my POI. LOOK at EURUSD Weekly - Daily - H4 - H1 charts to understand EU is currently in down trend or correction? Then analyse EUR crosses to get the bigger picture. https://charts.mql5.com/5/398/eurusd...ari-uk-ltd.png https://charts.mql5.com/5/398/eurusd...ari-uk-ltd.png https://charts.mql5.com/5/398/eurusd...ari-uk-ltd.png...

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Quoting Smknyc

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Getting ready for tomorrow trade setups - Just a lineup we will tweak baskets below at the end of NY - Asia open/close then London Open. london close line up: Basket 1 audnzd audjpy audusd audcad audchf eurnzd gbpnzd eurjpy chfjpy eurcad eurgbp usdjpy gbpusd eurchf gbpcad Basket 2 gbpaud euraud nzdchf nzdcad nzdusd nzdjpy usdchf cadchf usdcad gbpchf

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Quoting Roger7777

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{quote} Sam, I want to piggy back what Seller has said. Again thank you for your help. I have not been the best of a technical trader in the past, just a system/scalper. So I might be a little slow, but I catch up very quickly. Thanks for your wisdom and making me think.

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