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Basket Trading EA

  • #4,961
  • Aug 11, 2014 6:35am Aug 11, 2014 6:35am
Quoting Smknyc
Who's ready for NEW YORK line up? Update 30 prior NY OPEN Happy pips everyone.
Hi SMK, do you agree with my line up?

Line up 1:

USDJPY
NZDJPY
CADJPY
AUDJPY


Line up 2:

CHFJPY
GBPJPY
EURJPY
  • #4,962
  • Aug 11, 2014 6:46am Aug 11, 2014 6:46am
Quoting Aromos
{quote} Hi SMK, do you agree with my line up? Line up 1: USDJPY NZDJPY CADJPY AUDJPY Line up 2: CHFJPY GBPJPY EURJPY
Brilliant tweak a little

CADJPY
GBPJPY
USDJPY
NZDJPY
CHFJPY

AUDJPY
EURJPY
Trading is Methodical - Markets are Emotional
  • #4,963
  • Aug 11, 2014 6:52am Aug 11, 2014 6:52am
Quoting Smknyc
{quote} Brilliant tweak a little CADJPY GBPJPY USDJPY NZDJPY CHFJPY AUDJPY EURJPY

Great, jigged them, now awaiting the NY open.
  • #4,964
  • Edited 8:27am Aug 11, 2014 6:56am | Edited 8:27am
NY line up update:

http://www.forexfactory.com/showthre...75#post7665675

WEAK ( Asia / Lon ) NY ?
AUD - NZD - EUR - JPY

https://charts.mql5.com/5/421/audusd...ari-uk-ltd.png

https://charts.mql5.com/5/421/eurusd...ari-uk-ltd.png


STRONG ( Asia / Lon ) NY ?
CAD - GBP - USD - CHF
After NY open we moved JPY under STRONG
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 44 KB
Trading is Methodical - Markets are Emotional
  • #4,965
  • Aug 11, 2014 7:49am Aug 11, 2014 7:49am
Hi Smknyc, pardon my ignorance, what are these numbers?
  • #4,966
  • Aug 11, 2014 8:29am Aug 11, 2014 8:29am
Quoting Pipotron
Hi Smknyc, pardon my ignorance, what are these numbers?
http://www.forexfactory.com/showthre...84#post7665884
Trading is Methodical - Markets are Emotional
  • #4,967
  • Aug 11, 2014 9:06am Aug 11, 2014 9:06am
Quoting Smknyc
Sorry about that, someone asked via PM realistic TP targets so we broke it down for him in a screenshot. {image}
Dear Sir,

15, 17, 21 and 7? I suppose 7 is the core 7 and the rest of the numbers are?

From your experience, what will be a good SL level?
  • #4,968
  • Aug 11, 2014 9:08am Aug 11, 2014 9:08am
http://www.cnbc.com/id/101909444?__s...doc=101909444#.

Big JPY numbers on Wednesday Asia or Tuesday US time.
  • #4,969
  • Edited 10:11am Aug 11, 2014 9:59am | Edited 10:11am
CAD - RECAP
http://www.forexfactory.com/showthre...75#post7665675

Happy pips everyone.. I'm off to EUROPE for 2 weeks. Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: #cad2#02m15.png Size: 63 KB
Click to Enlarge Name: #cad5#05m15.png Size: 67 KB
Trading is Methodical - Markets are Emotional
  • #4,970
  • Aug 11, 2014 11:00am Aug 11, 2014 11:00am
Quoting Smknyc
CAD - RECAP http://www.forexfactory.com/showthre...75#post7665675 Happy pips everyone.. I'm off to EUROPE for 2 weeks. Cheers {image} {image}
A warm welcome to you...
  • #4,971
  • Aug 11, 2014 11:17am Aug 11, 2014 11:17am
Hi all,

Can someone advice with regards to the currency strength meter in BT_14, what timeframe is it based on?

Thank you.
  • #4,972
  • Edited 12:19pm Aug 11, 2014 11:54am | Edited 12:19pm
Hi guys,

Trading entry at NY Open session and hit TP at London session close.
Entry Long & Short triggered 15min earlier than expected before CAD news event.
Check back at smart money shows that professional investors buy CAD in big volume.

W1= H4 + H1=M15 -> decided to trade at M15 TF to reduce trading aggression or high draw down especially at Short Basket.

I'm still lack of viewing appropriate valid pair to create customized basket. I will keep on learning and practice.

Attached Image (click to enlarge)
Click to Enlarge Name: CAD_Long.png Size: 86 KB


Attached Image (click to enlarge)
Click to Enlarge Name: CAD_Short.png Size: 91 KB


Happy trading guys.

Regards.
Kopra
You do good, Good will come to you. Self deception never succeed.
  • #4,973
  • Aug 11, 2014 12:15pm Aug 11, 2014 12:15pm
Quoting KopraTasa
Hi guys, Trading entry at NY Open session and hit TP at London session close. Entry Long & Short triggered 15min earlier than expected before CAD news event. Check back at smart money shows that professional investors buy CAD in big volume. W1= H4 + H1=M15 -> decided to trade at M15 TF to reduce trading aggression or high draw down especially at Long Basket. I'm still lack of viewing appropriate valid pair to create customized basket. I will keep on learning and practice. {image} {image} Happy trading guys. Regards. Kopra
Hi KopraTasa,

You are one trader that does it like sam. Keep it up buddy. Love your add ons. Traders understimate the power of Adding to your trades. Keep posting your trades. Very Inspiring to see!!

I notice that your Trailing Stop is too close to the PA, is that how you want it, a little pull back will take you out. None the less, a very big retun on your investment and ROR too.

Well done.
Born to rule my Economic World and Make a Difference!
  • #4,974
  • Aug 11, 2014 12:48pm Aug 11, 2014 12:48pm
Quoting sharemaster2
{quote} Hi KopraTasa, You are one trader that does it like sam. Keep it up buddy. Love your add ons. Traders understimate the power of Adding to your trades. Keep posting your trades. Very Inspiring to see!! I notice that your Trailing Stop is too close to the PA, is that how you want it, a little pull back will take you out. None the less, a very big retun on your investment and ROR too. Well done.

Hi sharemaster2,

Thank you for your kind advise. You're very wise and supportive.

For your info, I only set TP and SL. I will click TSL button once R/R 1:1 achieved to protect my first TP.....1:2, 1:3 and so on.
Sometimes I off TP after achieve certain R/R ratio and let TSL become my exit.

well...sharemaster2, at my place here I'm alone. Nobody teach or advise me or even trade with me.
Being in this wonderful thread and having you around, I feel live so meaningful.

I thank you so much for your kind concern.

Regards.
Kopra.
You do good, Good will come to you. Self deception never succeed.
  • #4,975
  • Aug 11, 2014 2:21pm Aug 11, 2014 2:21pm
Quoting Pipotron
Hi all, Can someone advice with regards to the currency strength meter in BT_14, what timeframe is it based on? Thank you.
The same time frame the EA is placed on.
  • #4,976
  • Aug 11, 2014 3:41pm Aug 11, 2014 3:41pm
Hi, Could this be the set-up at the NY close?

Line up 1:

AUD/NZD
EUR/AUD
GBP/AUD
AUD/NZD


Line up 2:

AUD/NZD
EUR/AUD
GBP/AUD
  • #4,977
  • Aug 11, 2014 4:54pm Aug 11, 2014 4:54pm
Quoting Aromos
Hi, Could this be the set-up at the NY close? Line up 1: AUD/NZD EUR/AUD GBP/AUD AUD/NZD Line up 2: AUD/NZD EUR/AUD GBP/AUD
Hi there,

I am not an expert at picking the basket pairs but sometimes it is good to look at the 1h - 1day correlation table and see how the pairs corrolate and then move on to analyse the pairs from 1week down to 1hour TF and see what the big picture is on the pairs. With that, you then watch for the high and lows of the two trading sessions before and make a decision. It may be a lot to do but better to do this and gain on the pips I'd say. This is just a thought or how I would do it. Sam calls it "Due Deligence" with time, it becomes easier to pick the basket. Sam mentioned, there are always at least two good baskets to trade in every week day in a month. Best to pick fewer pairs for the basket and aim for few pips till one gets a mastery of picking the pairs for either the sell basket or buy basket. Adding to open Trades as what needs to be explored from what Kopora... and some others have been doing.

As always, it is just a thought and how I will do it if I were going to trade the news.

All the best.
Born to rule my Economic World and Make a Difference!
  • #4,978
  • Aug 11, 2014 4:55pm Aug 11, 2014 4:55pm
NY close line up

LINEUP 1
CADJPY - CADCHF - GBPJPY - GBPAUD - GBPCHF - USDJPY - NZDJPY - USDCHF - NZDCHF - GBPNZD - GBPUSD - AUDJPY - CHFJPY

LINEUP 2
EURCAD - AUDCAD - NZDCAD - USDCAD - GBPCAD - EURGBP - EURUSD - EURNZD - AUDUSD - EURAUD - AUDNZD - EURCHF - EURJPY - NZDUSD

Paul
Trading is Methodical - Markets are Emotional
  • #4,979
  • Aug 11, 2014 5:03pm Aug 11, 2014 5:03pm
Quoting KopraTasa
Hi guys, Trading entry at NY Open session and hit TP at London session close. Entry Long & Short triggered 15min earlier than expected before CAD news event. Check back at smart money shows that professional investors buy CAD in big volume. W1= H4 + H1=M15 -> decided to trade at M15 TF to reduce trading aggression or high draw down especially at Short Basket. I'm still lack of viewing appropriate valid pair to create customized basket. I will keep on learning and practice. {image} {image} Happy trading guys. Regards. Kopra
Congrats Kopra,

Congrats on your success. May I ask what was the criteria for your entry price? Example your long basket, why 300.015? I can't seem to figure out where to set the entry.

Thank you.
  • #4,980
  • Aug 11, 2014 5:17pm Aug 11, 2014 5:17pm
Quoting Pipotron
{quote} Congrats Kopra, Congrats on your success. May I ask what was the criteria for your entry price? Example your long basket, why 300.015? I can't seem to figure out where to set the entry. Thank you.
hi there,

His Entry is by using the BO or PO buttons on the EA. If you notice, there are two purple lines on the chart. Those points will serve as an entry once PA hits either of the lines for PO entry or when PA candle closes outside either of the Lines for BO entry and then manage the trade from there. Hope it makes sence Piptron.

Try it a few times on a demo account and it will be clearer. The Key is picking the right pairs for your basket and the right pairds for the news coming up for your pairs.

All the best.
Born to rule my Economic World and Make a Difference!
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