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Basket Trading EA

  • #4,981
  • Aug 11, 2014 4:26pm Aug 11, 2014 4:26pm
hi seller, hi all.

just stumbled over this thread a few days ago after a while of being inactive in forex due to "real life stuff". i've read and played around a lot with basket trading in the past year, starting with the old threads by t101 and his innovative method back in 2008, continuing other threads like kosomolate's nice invention (was it his idea? not sure..) with the basket writer indi's, has and i_xo.
this ea seems to be a real innovation and is nicely done, congrats seller! i followed your tms bot (was it last year or before?) a while, this was already a nice piece, but this one here...

i hope to catch up soon (a lot to read) and will experiment around with the ea and chart-setups.

see ya
  • #4,982
  • Edited 6:38pm Aug 11, 2014 5:17pm | Edited 6:38pm
Quoting sharemaster2
{quote} 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.

Hi my buddy sharemaster2 and Pipotron.

Yes, the entry method either BO or PO as what sharemaster2 stated above. It depends on how you see your MTF trend strength either to trigger the PO (entry faster after hit upper/lower PO line) or BO (close HI/LO and trigger entry on the new bar).

If you refer back to the recent chart, you can see the PO (or BO) lines setup are at London Open (server time 1000hrs) and New York Open (server time 1500hrs) HI/LO. Within that trading time range, I will make 2 lines for HI and LO.......then this become my immediate support and resistant line. The PO or BO line depends on your BUY or SELL basket. IF Buy basket, I will set 5pips to 10pips above resistance line and check the distance between price line and resistance line. If the distance is 30pips, then my bottom PO or BO line will be 30 pips too and vise versa for Sell basket.

Exit point I try to observe SNR lines too. If you refer to Buy basket, the TP line is at M15 Pivot line. I should allow cs to hit and break pivot line but I've decided to close at London close. same to Sell basket....you can see TSL line is near to previous low. If cs reverse, it will close exactly at previous low.....smart money...lol. I'm joking, it is only basic rules of entry and exit.

Happy trading to all.

Kopra.
You do good, Good will come to you. Self deception never succeed.
  • #4,983
  • Aug 11, 2014 6:06pm Aug 11, 2014 6:06pm
Quoting KopraTasa
{quote} 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.
Kopra,

You're not alone, We can meet up for discussion or even a dinner paid by forex!

Ooi
  • #4,984
  • Aug 11, 2014 6:31pm Aug 11, 2014 6:31pm
Quoting rixon227
{quote} Kopra, You're not alone, We can meet up for discussion or even a dinner paid by forex! Ooi

Hi bro rixon227,

I'm alone but not lonely...

I'm glad and happy to meet you up bro...no problem at all.
I'll send you my skype name soon.

Kopra.
You do good, Good will come to you. Self deception never succeed.
  • #4,985
  • Aug 11, 2014 9:59pm Aug 11, 2014 9:59pm
Hi seller9,

Thank you for this great update esp the included many pairs to reverse as requested. hehe

By the way I found a bug on it. It did not reverse the 3rd pair in list and worst it didn't display its name once the trade is taken but if no trade it will be seen in the list verified by me when I set it up.

Trade: manual breakout
Enable_Basket_Pair_Link: false (since this basket chart is created by 4 NZD pair only -NZDUSD,NZDJPY,NZDCHF,NZDCAD)
Import_Pair_List_Name:NZD7 (included all 7 NZD pairs txt note I created manually below)
ReversePair1:true
ReversePair2:true
ReversePair3:true

7
EURNZD
GBPNZD
AUDNZD
NZDUSD
NZDJPY
NZDCHF
NZDCAD

It did trade the AUDNZD but was not reverse that's why it display negative profit. Only the first two pairs are reverse when the breakout trade was taken.



Quoting seller9
BT_14_v23_670et has been posted on first page. Here is a video of the changes, just the changes, see other videos for all the information on how to use the EA. Remember all videos can be seen at the YouTube link on the first page. http://youtu.be/EG7CXcxC4dY
Attached Image (click to enlarge)
Click to Enlarge Name: #NZD4#04H1.png Size: 42 KB
  • #4,986
  • Aug 11, 2014 11:53pm Aug 11, 2014 11:53pm
Does anyone knows how the values of the charts are calculated? Seems most charts have values in the 300 range.
  • #4,987
  • Edited 2:09am Aug 12, 2014 12:22am | Edited 2:09am
Quoting Pipotron
Does anyone knows how the values of the charts are calculated? Seems most charts have values in the 300 range.
Hi Pipotron,

If price at 300 range shows that my offline chart is in good position.
If far less or more than the 300 range, meaning that my basket setup is something wrong.
I never use the basket price range for trading purposes. I only use crosshair function to calculate pips.
I clarify as BT EA user for more than 6 months.

Kopra.
You do good, Good will come to you. Self deception never succeed.
  • #4,988
  • Aug 12, 2014 12:28am Aug 12, 2014 12:28am
Quoting ilovePA
Hi seller9, Thank you for this great update esp the included many pairs to reverse as requested. hehe By the way I found a bug on it. It did not reverse the 3rd pair in list and worst it didn't display its name once the trade is taken but if no trade it will be seen in the list verified by me when I set it up. Trade: manual breakout Enable_Basket_Pair_Link: false (since this basket chart is created by 4 NZD pair only -NZDUSD,NZDJPY,NZDCHF,NZDCAD) Import_Pair_List_Name:NZD7 (included all 7 NZD pairs txt note I created manually below) ReversePair1:true...
that's awesome!
You do good, Good will come to you. Self deception never succeed.
  • #4,989
  • Aug 12, 2014 4:32am Aug 12, 2014 4:32am
Hi Seller,

I was wondering can the EA capture a screenshot every hour rather than just opening/closing trade. Does anyone know of such a script where a screenshot can be captured every hour?

Thank you.
  • #4,990
  • Aug 12, 2014 4:53am Aug 12, 2014 4:53am
This is my line up for NY open, the biggest question of the day, will it work?

LINEUP 1:
USD/JPY
USD/CHF
EUR/CHF
GBP/NZD
AUD/JPY
AUD/NZD

LINEUP2:
GBP/USD
NZD/USD
EUR/USD
NZD/CAD
  • #4,991
  • Aug 12, 2014 6:09am Aug 12, 2014 6:09am
Hi Aromos,

May I ask which TF are you using to pick your lineup? Any other criteria that you look at?

Thank you.
  • #4,992
  • Aug 12, 2014 6:22am Aug 12, 2014 6:22am
Quoting Pipotron
Hi Aromos, May I ask which TF are you using to pick your lineup? Any other criteria that you look at? Thank you.
mostly D1 TF but higher could be better for confirmation
  • #4,993
  • Aug 12, 2014 6:49am Aug 12, 2014 6:49am
Quoting Aromos
{quote} mostly D1 TF but higher could be better for confirmation
Hi Aromos,
I'm having problem to pick the lineup. Can you give me a sample (screen capture)?
Thx.
Keep learning while you are alive!
  • #4,994
  • Aug 12, 2014 6:56am Aug 12, 2014 6:56am
Quoting exiao
{quote} Hi Aromos, I'm having problem to pick the lineup. Can you give me a sample (screen capture)? Thx.
Hi exiao, there is nothing to capture, following smknyc guidelines, please refer to their posts
  • #4,995
  • Aug 12, 2014 7:11am Aug 12, 2014 7:11am
Hello!

First of all i want to thank seller9 for the fantastic EA, and everyone else for being friendly and helpful on this thread!! This has been an awesome learning experience for a newbie as myself.

As I am still learning how to use the system effectively, I thought I'd post some trades on here and would appreciate any guide and feedback.

Trade set up 1: following Sam's idea of pending order trades at the LO and NO, I use the BT_CS v10 EA an hour before LO (close to bed time for me ) to get the strongest correlated pairs for H1 (see first screenshot). In the case of the screenshot I'd make two custom baskets, one for the top 5 on the H1 column (AUDCHF, AUDNZD, USDCHF, GBPCHF, GBPNZD) and one for the bottom three. Sometimes the correlation is very strong and you'll get only two pairs in your basket..

Trade set up 2: This is where I'm not sure if I'm doing it correctly, lol. But I will also create a specific base currency basket based on upcoming news during the LO or NO. Example is the red euro news (German ZEW Economic Sentiment) this morning, for which I created an all euro basket (not very well correlated) and used the EA to set pending order at above and below resistance levels. (see screenshot two for the purple pending lines I set, and the short trade.)

Sorry for the long post, please any tips, guides comments are welcomed as I'm still learning to get use to seeing green pips!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 63 KB
Click to Enlarge Name: Screenshot3.png Size: 116 KB
Click to Enlarge Name: Screenshot4.png Size: 139 KB
  • #4,996
  • Aug 12, 2014 7:12am Aug 12, 2014 7:12am
Quoting exiao
{quote} Hi Aromos, I'm having problem to pick the lineup. Can you give me a sample (screen capture)? Thx.
Hi there,

If you want to trade the markets, you really have to put in some efforts on your part and do some basic home work to pick your pairs. As already mentioned, look at the pairs from 1 month all the way to 1h TF and get the bigger picture of what the S&R levels are. Then look at correlation table so you know which pairs to be selling and which ones to be buying. Create your basket and trade with the EA. To make it easy, pick just 3 - 5 pairs per basket and watch how it reacts to news. You must be able to do this basic analysis to make it in basket trading if not, you will loose your money it is as simple as that. Not being hash but just being honest with you buddy.

All the best.
Born to rule my Economic World and Make a Difference!
  • #4,997
  • Aug 12, 2014 7:24am Aug 12, 2014 7:24am
Quoting sunrisetofu
Hello! First of all i want to thank seller9 for the fantastic EA, and everyone else for being friendly and helpful on this thread!! This has been an awesome learning experience for a newbie as myself. As I am still learning how to use the system effectively, I thought I'd post some trades on here and would appreciate any guide and feedback. Trade set up 1: following Sam's idea of pending order trades at the LO and NO, I use the BT_CS v10 EA an hour before LO (close to bed time for me ) to get the strongest correlated pairs for H1 (see first...
Hi Sunrisetofu,

Thank you for the write-up. It is very kind of you to share with us your daily selection routine. One quick question, why did you pick top 5 yet only bottom 3? Is it because you have a certain minimum value for the pairs? From the screenshot, I'll guess a minimum value of 7?

Thank you again.
  • #4,998
  • Aug 12, 2014 7:51am Aug 12, 2014 7:51am
Quoting Pipotron
{quote} Hi Sunrisetofu, Thank you for the write-up. It is very kind of you to share with us your daily selection routine. One quick question, why did you pick top 5 yet only bottom 3? Is it because you have a certain minimum value for the pairs? From the screenshot, I'll guess a minimum value of 7? Thank you again.
Hi Pipotron,I picked the bottom three just as an example, I don't really have a set number. it depends on what you see at the time. the third screenshot in my post you see that there are only 2 pairs, those where at the bottom of my H1 column last night and both had -12 versus the rest at -7. so I just doubled my lot for that basket. But following the experienced members advice on this thread, I only use buy orders and pending orders. Hope that helps, as I'm still very confused most of the time, lol
  • #4,999
  • Aug 12, 2014 7:55am Aug 12, 2014 7:55am
Well, you got yourself 2 winners.
  • #5,000
  • Aug 12, 2014 8:34am Aug 12, 2014 8:34am
Quoting Pipotron
Well, you got yourself 2 winners.
lol, I consider everything beginners luck until I can double my demo account twice!! which I've still yet to do....
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