Basket Trading EA | Page 261 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading 8 Forex Pairs - Fully Automatic - Basket Trading 7 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Currency Basket and Carry Trading 51 replies

Attachments: Basket Trading EA
Exit Attachments

Basket Trading EA

  • #5,201
  • Edited 2:16pm Sep 5, 2014 2:04pm | Edited 2:16pm
Quoting KopraTasa
Hi guys, I've got inspired after a discussion with my buddy sharemaster2. Long time I never tried our own trading basket pairs especially C14 & C5. Also very long time I never use T101 trading rule. yes...it is about ANCHOR PAIR. I use Anchor pair position as a signal of price direction and entry....also looking for possible exit. Setup offline chart of C14 and C5 and make a tech analysis at higher TF. Then make an entry at Weekly and H1 TF. 10 min before NY session, I already win nearly 100pips but I didn't close the trade. I continue trading to...
Hi Kopratasa Sifu,

Thanks for mentioning me in your post. Well, with the analysis you have done on your C14 pair and the Break of the Trend Line. It may seem good on the short tearm but C14 has a major flaw which is you combine all pairs in one basket and as you can see, some pairs will be going negetive and some others positive in profit. I see this as a no no for me as it reduces your profit and not a good way to trade.

I preffer to trade selected pairs rather then standard pairs but if it works for you then you are free to go for it.

The analysis on single pairs and using trend lines is better but takes time to go through the pairs. Mark the lines on the weekly charts trade the touch and break out on the hourly TF taking note of News, and strong movement of the currencies. Remember what sam says to watch the close of NY on the pairs you want to trade and see where they are.

The single pairs you traded the other day and made about 900 pips is for me a better way to go even though you mentioned it wore you out as there was alot of analysis that went in to it. I think it will be wiser to stick to that systerm and slowly perfect it. As you get better and better at it, it should become easy with time.

I will still go with the option of Watching the Majors what they do and Trade thier Cross Pairs. There is merit in trading that way.

http://www.netdania.com use this site in the background for decision makeing and open up the pairs with higher % increase and see where to plot your trend lines on those pairs and be ready to trade. Best to do this before London open.

Just a thought.

More Green pips to you.
Attached Image (click to enlarge)
Click to Enlarge Name: Crosses..PNG Size: 44 KB
Born to rule my Economic World and Make a Difference!
  • #5,202
  • Sep 5, 2014 2:08pm Sep 5, 2014 2:08pm
Quoting seller9
{quote} You don't have all 28 pairs, if your Broker has them all make sure they are not hidden in the Market Watch window. If your broker doesn't have all 28 pairs then you need a different Broker that does.
thanks seller for your reply , but as you can see in the pictures attached i got the errors
Attached Image (click to enlarge)
Click to Enlarge Name: pic1.png Size: 163 KB
Attached Image (click to enlarge)
Click to Enlarge Name: pic2.png Size: 158 KB
Attached Image (click to enlarge)
Click to Enlarge Name: pic3.png Size: 159 KB
Attached Image (click to enlarge)
Click to Enlarge Name: pic4.png Size: 184 KB

it looks that i've got all 28 pairs but why this happens?!
  • #5,203
  • Sep 5, 2014 2:11pm Sep 5, 2014 2:11pm
Quoting mikeimas
Not been using EA for a while due to other commitments. Back with a bang this week. Nice move this week especially with the EUR pairs with a side bonus of unexpected rate cut. Have a lovely week end everyone. {image}
Hi mikeimas, I like this indicator you posted that shows the statistics, kindly share.Regards
  • #5,204
  • Sep 5, 2014 2:54pm Sep 5, 2014 2:54pm
Do any one really in need of an EA for trading a basket. Once the successful strategy is devised, after due testing & optimations, we can enter into basket trading on our own. Basket trading is more efficiently used during the trades based on Fundamenatal announcements.

pandupr2
  • #5,205
  • Sep 5, 2014 3:01pm Sep 5, 2014 3:01pm
Well, I'm not a big fan using Indicator to dictate my trades. Indicator never work. Period! However, after all the forum in this world. We still talk about indys, hope and stuff.

It is have to be a time to actually talk about what is work. right?

Also, I'm not a big fan of posting captured result of how much I can gain either. If this thread is for real. We need to contribute by discuss the fundamental of this thread.

1. Does basket trading really work? How?
2. Basket writer help?

That's all. Isn't it?
  • #5,206
  • Sep 5, 2014 3:14pm Sep 5, 2014 3:14pm
Basket trading does not work on itself. It is a method of trading on a basket of currencies. For example, during the times of Fundamental news announcements from a perticular country, all the currency crosses of that currency gets affected. During yesterdays News announcement on Interest rates from the ECB, all the currency crosses of EUR got affected greatly, i.e there was a move of nearly 1000 pips for the EUR BASKET in total within 5 to 7 hours. That is the power of basket trading. Practice it well, before entering into basket trading.

Pandupr2
  • #5,207
  • Sep 5, 2014 3:17pm Sep 5, 2014 3:17pm
And to be honest. Please look back at the IXO1 and IXO2. Scroll back a bit you will find that it will hurt your account. I'm pretty sure that Seller9 was tried to find the right setting but it will never work to be honest.

The concept of basket is big. But that's for technical traders.

This thread is define technical. That's what we should learn. If you know what I mean.

There's no easy path. I'm interested in basket because pairs does correlation. But not all the time. That's it.

For what I see Smknyc partial captured result. He said "learn the core pair then move to cross". Well, that's easy to say. What's core pair Support / Resistance at that particular time?

Sure. Major Pair sometimes does dictate the crosses. However, how do you determine where major going north or south?

We need to talk more about this. In the end. I'm thankful of seller9 for his effort, time and commitment. Truly mate. THANK YOU.
  • #5,208
  • Sep 5, 2014 3:25pm Sep 5, 2014 3:25pm
Quoting pandupr2
Basket trading does not work on itself. It is a method of trading on a basket of currencies. For example, during the times of Fundamental news announcements from a perticular country, all the currency crosses of that currency gets affected. During yesterdays News announcement on Interest rates from the ECB, all the currency crosses of EUR got affected greatly, i.e there was a move of nearly 1000 pips for the EUR BASKET in total within 5 to 7 hours. That is the power of basket trading. Practice it well, before entering into basket trading. Pandupr2...
Yes. sure. But would you write it down and "Hope" this will work.
  • #5,209
  • Edited 3:44pm Sep 5, 2014 3:26pm | Edited 3:44pm
Don't get me wrong. Basket concept does worked. period. But how people following this and not wipe their account? That's another story.
  • #5,210
  • Sep 5, 2014 3:39pm Sep 5, 2014 3:39pm
The Technical Analysis differs from currency to currency in Forex. If you want to apply the analysis of one particular currency, for a whole of a choosen group of currencies, it will NOT work, as the conditions, like, the Trend lines, Support & resistance, Pivot points, Chart patterns differ from one currency to another from one time frame to another.

Hence You can trade the basket, when & only when, all the conditions & situations are same for each currency of the basket. Such situations of same conditions & affects happen for a group of currencies only during the times of News announcements.

You profit more with Basket trading. The skill of basket trading is going to be a real asset for a trader.

Pandupr2
  • #5,211
  • Sep 5, 2014 3:46pm Sep 5, 2014 3:46pm
Quoting pandupr2
The Technical Analysis differs from currency to currency in Forex. If you want to apply the analysis of one particular currency, for a whole of a choosen group of currencies, it will NOT work, as the conditions, like, the Trend lines, Support & resistance, Pivot points, Chart patterns differ from one currency to another from one time frame to another. Hence You can trade the basket, when & only when, all the conditions & situations are same for each currency of the basket. Such situations of same conditions & affects happen for a group of currencies...
Sure...

When and How?
  • #5,212
  • Sep 5, 2014 3:46pm Sep 5, 2014 3:46pm
when i checked the data history i found that most of pairs TM data is not available , then i just clicked on the download button , am i right?
any body can tell me that ?
  • #5,213
  • Sep 5, 2014 3:49pm Sep 5, 2014 3:49pm
Quoting pandupr2
The Technical Analysis differs from currency to currency in Forex. If you want to apply the analysis of one particular currency, for a whole of a choosen group of currencies, it will NOT work, as the conditions, like, the Trend lines, Support & resistance, Pivot points, Chart patterns differ from one currency to another from one time frame to another. Hence You can trade the basket, when & only when, all the conditions & situations are same for each currency of the basket. Such situations of same conditions & affects happen for a group of currencies...
Well, First of all. "If you want to apply the analysis of one particular currency, for a whole of a choosen group of currencies, it will NOT work"

Second "Chart patterns differ from one currency to another from one time frame to another"

Define trade condition for me on this basket you tried to educate me and others.
  • #5,214
  • Sep 5, 2014 3:53pm Sep 5, 2014 3:53pm
Quoting kasrafx
when i checked the data history i found that most of pairs TM data is not available , then i just clicked on the download button , am i right? any body can tell me that ?
On basket if you plan to run M15. Just open M15 chart of the pair you gonna run first in advance. That save time alot. And you might not need to run the script to download data.
  • #5,215
  • Sep 5, 2014 4:50pm Sep 5, 2014 4:50pm
Quoting kasrafx
{quote} thanks seller for your reply , but as you can see in the pictures attached i got the errors{image}{image}{image}{image} it looks that i've got all 28 pairs but why this happens?!
Your missing GBPNZD
  • #5,216
  • Sep 5, 2014 5:36pm Sep 5, 2014 5:36pm
Quoting neomatic
Well, I'm not a big fan using Indicator to dictate my trades. Indicator never work. Period! However, after all the forum in this world. We still talk about indys, hope and stuff. It is have to be a time to actually talk about what is work. right? Also, I'm not a big fan of posting captured result of how much I can gain either. If this thread is for real. We need to contribute by discuss the fundamental of this thread. 1. Does basket trading really work? How? 2. Basket writer help? That's all. Isn't it?
Having read conversations between yourself and Pandupr2; I will like to say that yes basket trading does work and as you can see from this thread it is not by any means perfect nor is it the holy grail of fx trading. The fundamental requirement is to first all understand the correlations between the pairs you putting in your basket; the indys and basket writer EA are there to help you with that. There is no one right way to use the EA, each trader once you understand the concept of the EA MUST then find the best settings that work for their trading style, broker, account size, leverage etc. One setting that worked for one basket pair does not necessarily mean it will work for the next basket pair. So my take on it is this you learn the basics of using the basket trading EA and settings, from there you have to find the best settings that works for you (plan your trade and trade your plan). Also like you (neomatic) mentioned good old fashion way of placing charts side by side can also give you your correlation straight away. As you can seen with the EA, seller9 has tried to limit the amount of indicators used because they useful but still they don't paint the whole picture. So anyone expecting that you just set up the EA and it will start bringing the pips better have a rethink as your account will get blown. Basket EA is there to help you with your trading but then it still up to the individual trader to make sure that they are getting the most out of it. The EA can lose you money as well and I have posted previously on this thread results of trades with the EA. So be prepared for the losses as no system is 100% proof in fx as long as you wins exceed your loses then you should be ok.
Look to the LEFT of your CHART.....
  • #5,217
  • Sep 5, 2014 5:41pm Sep 5, 2014 5:41pm
Quoting Aromos
{quote} Hi mikeimas, I like this indicator you posted that shows the statistics, kindly share.Regards
hello Aromos;
here is the indicator it is actually available on the MT4 platform it self just by making a search. I do not claim any ownership over the indicator, but it is pretty simple to use like most indicators.
Attached File(s)
File Type: ex4 icefx-tradeinfo.ex4   77 KB | 429 downloads
Look to the LEFT of your CHART.....
  • #5,218
  • Sep 5, 2014 8:39pm Sep 5, 2014 8:39pm
Quoting sharemaster2
{quote} Hi Kopratasa Sifu, Thanks for mentioning me in your post. Well, with the analysis you have done on your C14 pair and the Break of the Trend Line. It may seem good on the short tearm but C14 has a major flaw which is you combine all pairs in one basket and as you can see, some pairs will be going negetive and some others positive in profit. I see this as a no no for me as it reduces your profit and not a good way to trade. I preffer to trade selected pairs rather then standard pairs but if it works for you then you are free to go for it....

thanks for your honest opinion and advise but I'm not sifu....

It seems that creating customized basket with one by one pair analysis produced excellent outcome...almost never loss and lucrative winning pips.
Anyhow to catch up with session timing every session is super fatigue. I think better practice one session per day until fast and precise enough to handle 2nd session and so on...practice make you faster and perfect. Only time will tell...

Initially basket pairs were created with 28 pairs and 14 pairs by T101...there are few other rules to follow to achieve better profit on those pairs and he also did mentioned that in basket trading you will win some and loose some but overall trading are profitable. In C14 especially I never aspect all pair to be green but if all pairs win, it is a bonus.

As a conclusion, I agree with your opinion to focus at higher merit methodology which already proven and effective.

Best regards and happy weekend
Kopra

ps: attached is the T101 C14 entry method (12pair sell and 2pair buy) that I've made yesterday. After 1/2 hour running, I setup BT EA C14 & C5. software provided by lukpayat team.
Attached Image
You do good, Good will come to you. Self deception never succeed.
  • #5,219
  • Sep 5, 2014 10:38pm Sep 5, 2014 10:38pm
Hi guys...

I hope after this nobody argue or having negative thoughts and wrong perceptions on basket trading and BT EA.
If I'm not mistaken, basket trading has been establish since 2007 by T101.
As time goes by, traders and coders keep on improving the system and simplified this trading method to suit with present situation.

For me, it is not an issue either using lagging indi or leading indi/techniques...as long you're happy and profitable.
I myself is 100% user of this BT EA and it's indies and try to extend my knowledge with leading techniques guided by sifu Smk/paul/sam. Sometimes I use VSA and other tools to make entry and status monitoring.

I also trade GOLD and Exotic pairs using BT EA complete set and I never loss in my real account....I make a lot of money but I still respect other traders using their own way of basket trading or other approach. I never stand with my opinion which system, techniques, method is the best or workable.

Your style of trading is your own asset...no need to clarify other method is a failure or useless because it will show your attitude and childish behavior. We here are traders, not a salesman of products and services. We here share our knowledge in basket trading techniques and it's EA setup and configurations.

Well...some charts screen shot appear with dollar sign but pls don't misjudge...we are sharing our trading setup outcome and problems. thank God, in this thread we get all the support and updates until now. I wish everybody would give constructive ideas and opinion if you feel certain method are not suitable or failure with example like screenshots and point to point guidelines rather than empty comment or negative perceptions. Positive attitude come with positive evidence and solution...otherwise better be quite or go somewhere else that can make you happy and can be agreed 100% with your expectations, style and needs.

So, pls cooperate with all members to make this thread resourceful and harmony.

Additional info: My opinion on basket trading BT EA are base on more than 3000 times entry and still learning. Testing trading technique with BT EA never stop until now. Trade real account using BT EA 100% since 3 months ago. So, prove that I don't talk nonsense on empty drum but it doesn't mean I feel great...I still maintain funny and friendly from before until now.

Cheers and happy weekend to all.
Kopra
You do good, Good will come to you. Self deception never succeed.
  • #5,220
  • Sep 6, 2014 9:23am Sep 6, 2014 9:23am
Quoting seller9
{quote} Your missing GBPNZD
You're right , thanks again
17 traders viewing now