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Basket Trading EA

  • #5,021
  • Aug 18, 2014 2:53pm Aug 18, 2014 2:53pm
Quoting darranforex
Please tell me, What's a POI? Thank you.

Point Of Interest


Where price might be expected to change direction or where a trade was placed previously.
  • #5,022
  • Aug 18, 2014 11:24pm Aug 18, 2014 11:24pm
Quoting snowyHH
i have a question about the basket writer ea (Basket_Writer_v3_670). on a blank chart i have this ea running several times, each instance is producing an offline chart for a certain basket and timeframe. let's say it is attached 3 times for "GBP6": one for M15, one for H1 and one for H4. all those offline charts are opened. at the very beginning all 3 charts were in "sync", means, they were showing the same price of 300.00. every evening i close my mt4 instance on my local computer and in the morning of the next day i start the mt4 again, open the...
1) You do not need to have more than 1 Basket Writer running, you only use it to create the baskets, once created you can stop it and remove it.
2) The baskets are created with the Basket_Create indicator, which should be left on the blank chart and running, you will have more than one of these on the same blank chart if you create more than one basket.
3) The numbers (300) do not mean anything and when you first create a basket the basket will be roughly centered around 300, this XX_Fact will vary from basket to basket depending on when the basket was created. It is kept as a Global Variable in case you stop and restart the indicator, it will then use the same XX_Fact in case you have an open order on that basket so the chart is created the same as it was the first time. As I said, these numbers (300) don't mean anything unless you stop and restart when a trade is in progress, than you want to rebuild the chart as you left it, otherwise any TP or SL lines you had placed on the chart may be at the wrong value when you restart.
  • #5,023
  • Aug 18, 2014 11:28pm Aug 18, 2014 11:28pm
Quoting darranforex
Hello All, I would appreciate it if someone could explain (or point me to an explanation) the relationship to the pair placed on the BASE chart from which the OFFLINE chart is created. In other words, why would we use the EURUSD pair to create a base chart for a JPY basket, ...and when the the resulting offline chart comes up, the HAS and ixo indicators are referring to the EURUSD pair, even though we are using a JPY7 basket, for example? I understand the concept of the relationship to some pairs moving in the same or the opposite direction to each...
The only reason to use the EURUSD is to have a pair that is active enough so you get enough ticks for the Basket Create indicator, you can use any chart you want as it makes no difference.

As to your other question I would suggest you watch the video, as it is all explained there.
  • #5,024
  • Aug 19, 2014 12:46am Aug 19, 2014 12:46am
Quoting seller9
{quote} 1) You do not need to have more than 1 Basket Writer running, you only use it to create the baskets, once created you can stop it and remove it.
2) The baskets are created with the Basket_Create indicator, which should be left on the blank chart and running, you will have more than one of these on the same blank chart if you create more than one basket.
yeah, i meant the indi, not the ea. sorry for confusing.

Quoting seller9
{quote} 3) The numbers (300) do not mean anything and when you first create a basket the basket will be roughly centered around 300, this XX_Fact will vary from basket to basket depending on when the basket was created. It is kept as a Global Variable in case you stop and restart the indicator, it will then use the same XX_Fact in case you have an open order on that basket so the chart is created the same as it was the first time. As I said, these numbers (300) don't mean anything unless you stop and restart when a trade is in progress, than you...
ok, thanks for confirmation/clarification. i use my local computer for some chart-setups / drawing lines etc. and (for example) finding a breakout-level or reversing point and then the ea on my vps for tradng and setting the bo-lines and so on. and for that all the charts on both computers should be in sync. that should be possible with copying the gvariables.dat from the vps to the local pc, before opening the local mt4.

have a nice day and pips!
  • #5,025
  • Aug 19, 2014 10:31am Aug 19, 2014 10:31am
Quoting seller9
{quote} The only reason to use the EURUSD is to have a pair that is active enough so you get enough ticks for the Basket Create indicator, you can use any chart you want as it makes no difference. As to your other question I would suggest you watch the video, as it is all explained there.
Thank you seller9, I understood the reason for using a base chart with a pair that generates a steady flow of pips. I will watch the videos again a 4th time. Sometimes it's hard to see the forest through the trees.
  • #5,026
  • Aug 19, 2014 10:46am Aug 19, 2014 10:46am
I think I just figured it out. The base chart is just a vehicle to pile the pairs into, like taxi. One just needs to find 3 or 4 friends who are all planning to go to same place and get them in the taxi and hope they don't change their minds on the way.
  • #5,027
  • Aug 19, 2014 11:40am Aug 19, 2014 11:40am
Quoting darranforex
I think I just figured it out. The base chart is just a vehicle to pile the pairs into, like taxi. One just needs to find 3 or 4 friends who are all planning to go to same place and get them in the taxi and hope they don't change their minds on the way.
Yes, picking the right pairs for the Basket is the trick to riches.
  • #5,028
  • Aug 19, 2014 3:10pm Aug 19, 2014 3:10pm
Hello. I want to ask you for help. tell me and you can create such an indicator to create a graph it kos7. I have an idea and want to test. the idea of ​​trading a basket of currency pairs but according to the examples Dolar. ie 7 shaft couples with Dolar. USDCHF GBPUSD- EURUSD- USDJPY USDCAD AUDUSD NZDUSD build on the same graph the seven currency pairs as kos5 or kos14
t.me/mrt141184
  • #5,029
  • Aug 20, 2014 5:11am Aug 20, 2014 5:11am
Quoting magistr91
Hello. I want to ask you for help. tell me and you can create such an indicator to create a graph it kos7. I have an idea and want to test. the idea of ​​trading a basket of currency pairs but according to the examples Dolar. ie 7 shaft couples with Dolar. USDCHF GBPUSD- EURUSD- USDJPY USDCAD AUDUSD NZDUSD build on the same graph the seven currency pairs as kos5 or kos14
we can make offline chart from any pairs, either its Universal Basket (same as KOS14) or core5 pairs its not a problem.
but please give some time to videos which are linked in first post, without basic its difficult to teach you like this.
thanks & regards,
Hukam
  • #5,030
  • Aug 20, 2014 6:58am Aug 20, 2014 6:58am
Quoting sharemaster2
{quote} Hi there, The issue with Demo is your are not that emotional about your trades and therefore don't really take it as serious even if you think you do. The best way is to go live with Penny account and see how differently you will trade. Just give it a try and you will see what I mean. For those intrested in Forex Correlation tables check this site: http://uk.investing.com/forex-tools/...ion-calculator And for those intrested in which pair or basket to pick for your basket, check this site: http://www.fxkeys.com/currency-pairs...urrency-pairs/...
Hi sharemaster2,

I agree with your opinion to practice trade on REAL trading account....especially for those who have already familiar and able to handle the BT EA and making profit on virtual money. Yes...give it a try for real. We will know which area we're missing on our part.

Thanks for the links attached sir. I'm quite busy with my freelance assignment until end of this week.
Regret can't follow this thread at this moment.

Happy trading to all

Kopra.
You do good, Good will come to you. Self deception never succeed.
  • #5,031
  • Aug 20, 2014 8:00am Aug 20, 2014 8:00am
Hi guys,

Can anybody pls help me to explain the purpose and usage of these chart attached below so called Relative Performance Quotes?
Is there any way to use this RPQ as a tool to create valid customize trading basket?
I got this link from a member of FB Forex group.
Website link : Relative Performance

Thanks in advance to anybody who willing to share his knowledge and thoughts towards RPQ.

Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 104 KB

Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 367 KB


Regards

Kopra.

(Credit to Pacingko for providing the RPQ web link.)
You do good, Good will come to you. Self deception never succeed.
  • #5,032
  • Aug 20, 2014 11:03am Aug 20, 2014 11:03am
Quoting KopraTasa
Hi guys, Can anybody pls help me to explain the purpose and usage of these chart attached below so called Relative Performance Quotes? Is there any way to use this RPQ as a tool to create valid customize trading basket? I got this link from a member of FB Forex group. Website link : Relative Performance Thanks in advance to anybody who willing to share his knowledge and thoughts towards RPQ. {image} {image} Regards Kopra. (Credit to Pacingko for providing the RPQ web link.)
I think you can get the same numbers from the top row of the BT ea.
  • #5,033
  • Aug 20, 2014 6:15pm Aug 20, 2014 6:15pm
Is that possible to use this EA with brokers offer micro accounts? I mean the name of pairs end with, for example, "micro" or "m", such as "EURUSDmicro".
Trading is the hardest way to make easy money...
  • #5,034
  • Aug 20, 2014 9:05pm Aug 20, 2014 9:05pm
Quoting MathTrader7
Is that possible to use this EA with brokers offer micro accounts? I mean the name of pairs end with, for example, "micro" or "m", such as "EURUSDmicro".
Enter the suffix in the EA properties under"Suffix"
  • #5,035
  • Aug 21, 2014 9:17am Aug 21, 2014 9:17am
after rereading all stuff from page 230, and finaly have some resulates on studing of corelation, and strench meter..I open this two trades on broke of asian higt and low

http://i6.pixs.ru/storage/8/1/9/usd4...1_13508819.png
  • #5,036
  • Aug 21, 2014 9:27am Aug 21, 2014 9:27am
Quoting shum
after rereading all stuff from page 230, and finaly have some resulates on studing of corelation, and strench meter..I open this two trades on broke of asian higt and low {image}
I have downloaded the zip file in the first page and installed everything. It works, but I don't see the dashed boxes as on your charts on mine!? Are they generated by a custom indicator? If so, would you please share it with me?

thanks
Trading is the hardest way to make easy money...
  • #5,037
  • Aug 21, 2014 9:33am Aug 21, 2014 9:33am
Quoting MathTrader7
{quote} but I don't see the dashed boxes as on your charts on mine!? Are they generated by a custom indicator? If so, would you please share it with me? thanks
what dash boxes about you speak? I dont get it
if you speak about curency meters on top of screen, i create two baskets, h1 and h4 of c14, and put the ea on them, i look just this info from this two charts.
If you speak about the charts of usd baskets, i created them manualy, in files folder of mt4
  • #5,038
  • Aug 21, 2014 9:41am Aug 21, 2014 9:41am
Quoting shum
{quote} what dash boxes about you speak? I dont get it
I highlighted them by drawing white arrows pointing to the dashed boxes I'm talking about in the attached image.
Attached Image (click to enlarge)
Click to Enlarge Name: usd404m15a_3931731_13508819.png Size: 176 KB
Trading is the hardest way to make easy money...
  • #5,039
  • Aug 21, 2014 9:48am Aug 21, 2014 9:48am
Quoting MathTrader7
{quote} I highlighted them by drawing white arrows pointing to the dashed boxes I'm talking about in the attached image. {image}
If you will start to read all post of this theme, you will fiend the indicator..its about sessions..open and close..


here you fiend http://www.forexfactory.com/showthre...64#post7656864 , but if you dont now how to use him with the basket read what i read from page 230
  • #5,040
  • Aug 21, 2014 2:18pm Aug 21, 2014 2:18pm
I am using v22 of Basket Trading EA. When I click on "BO" button, two dashed trend lines appear at the highest high and the lowest low of N past bars. If I want EA to catch only upper breakout (and not the lower one), is that enough to select the lower trend line and then delete it?
Trading is the hardest way to make easy money...
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