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Basket Trading EA

  • #5,421
  • Edited 5:35am Sep 15, 2014 5:33am | Edited 5:35am
Quoting rixon227
{quote} Hi Hukam, Very clear indicative!

my buddy Hukam also have many magic wands...

Kopra
You do good, Good will come to you. Self deception never succeed.
  • #5,422
  • Sep 15, 2014 5:38am Sep 15, 2014 5:38am
Quoting hukam
{quote} thanks, i will try this.. but our aim is to find those pairs which are moving with approx equal strength, pips ranges, same direction and noise free within their own group. regards hukam
That is the Key in Basket Trading. If you can pick the right pairs in their group at the right session, then you have it nailed to say the least.

All the best.
Born to rule my Economic World and Make a Difference!
  • #5,423
  • Sep 15, 2014 5:41am Sep 15, 2014 5:41am
Quoting sharemaster2
{quote} That is the Key in Basket Trading. If you can pick the right pairs in their group at the right session, then you have it nailed to say the least. All the best.
absolutely....agreed!

Kopra
You do good, Good will come to you. Self deception never succeed.
  • #5,424
  • Sep 15, 2014 6:23am Sep 15, 2014 6:23am
Hi guys,

I did another test for daily trading entry.

Early Asian session made final analysis based on previous supply and demand including trend strength.
As a result, I decided to trade on price reversal position which may reasonable for daily trade position.

made some homework on spreadsheet from previous data, final analysis and then setup offline chart for reverse entry.

Herewith screen shots attached for your immediate reference.

Thanks to my buddy Hukam who give me a big spot light of inspirations.

Best regards
Kopra

Attached Image (click to enlarge)
Click to Enlarge Name: Trend Analysis.png Size: 235 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Reversal Entry.png Size: 61 KB
You do good, Good will come to you. Self deception never succeed.
  • #5,425
  • Sep 15, 2014 7:11am Sep 15, 2014 7:11am
Quoting sharemaster2
{quote} That is the Key in Basket Trading. If you can pick the right pairs in their group at the right session, then you have it nailed to say the least. All the best.
teach us brother...
  • #5,426
  • Sep 15, 2014 7:12am Sep 15, 2014 7:12am
Quoting KopraTasa
Hi guys, I did another test for daily trading entry. Early Asian session made final analysis based on previous supply and demand including trend strength. As a result, I decided to trade on price reversal position which may reasonable for daily trade position. made some homework on spreadsheet from previous data, final analysis and then setup offline chart for reverse entry. Herewith screen shots attached for your immediate reference. Thanks to my buddy Hukam who give me a big spot light of inspirations. Best regards Kopra {image} {image}
  • #5,427
  • Sep 15, 2014 8:08am Sep 15, 2014 8:08am
Quoting KopraTasa
Hi guys, I did another test for daily trading entry. Early Asian session made final analysis based on previous supply and demand including trend strength. As a result, I decided to trade on price reversal position which may reasonable for daily trade position. made some homework on spreadsheet from previous data, final analysis and then setup offline chart for reverse entry. Herewith screen shots attached for your immediate reference. Thanks to my buddy Hukam who give me a big spot light of inspirations. Best regards Kopra {image} {image}
Hi Kopra,

Yes, with your determination on learning the best pairs to trade and what times, I think you will nail it very soon. Mostly when the markets start ranging as we all know, these are when pips are lost by novice traders. Keep up the good work as lots of us basket traders are following your progress and findings too. Your willingness to share is the spirit we all need.

Thanks indeed.
Born to rule my Economic World and Make a Difference!
  • #5,428
  • Edited 11:35pm Sep 15, 2014 8:23am | Edited 11:35pm
i am not claiming our BTCS and Currency Heat Strength Map is the best way and tool to choose group pairs, but its works 80 to 99% if you do it correctly.
once again i would like to remind you its not basket, its fall in group pairs (random pairs strategy) and if you fail to do your home work you will loss your mind and loss your account.
whole story is posted here within in this thread, i personal take monthly and weekly strength to choose the pairs for grouping, we will also try the daily strength for this purpose.
if anybody have better ideas, suggestions, or if some one like to improve BTCS /Heat Map way of selections, he/she is welcome.
i will continue my posting related to basketing & grouping here, your new ideas and suggestion are warmly welcome here.
thanks & regards,
Hukam
  • #5,429
  • Sep 15, 2014 8:30am Sep 15, 2014 8:30am
Quoting hukam
Heap map - group pairs strength separation. grouping are based on weekly.. but please refer to lower tf before opening the trades. thanks & regards Hukam {image} {image}
Hi Hukam,

How's the results for this pick?

Regards
ooi
  • #5,430
  • Sep 15, 2014 8:39am Sep 15, 2014 8:39am
Quoting rixon227
{quote} Hi Hukam, How's the results for this pick? Regards ooi
@KopraTasa already had posted it here, according to lower TFs reversal was detected, and it was very clear after Aisa open.
  • #5,431
  • Sep 15, 2014 8:42am Sep 15, 2014 8:42am
Quoting hukam
i am not calming our BTCS and Currency Heat Strength Map is the best way and tool to choose group pairs, but its works 80 to 99% if you do it correctly. once again i would like to remind you its not basket, its fall in group pairs (random pairs strategy) and if you fail to do your home work you will loss your mind and loss your account. whole story is posted here within in this thread, i personal take monthly and weekly strength to choose the pairs for grouping, we will also try the daily strength for this purpose. if anybody have better ideas,...
Hi Hukam,

Do you purely pick pairs based on monthly, weekly and daily strength?
Do you use any others to verify?
How you filter your picks from above in order to create the final group pairs?
Please elaborate more so that we can learn from you.

Thanks!
  • #5,432
  • Sep 15, 2014 8:52am Sep 15, 2014 8:52am
Quoting rixon227
{quote} Hi Hukam, Do you purely pick pairs based on monthly, weekly and daily strength? Do you use any others to verify? How you filter your picks from above in order to create the final group pairs? Please elaborate more so that we can learn from you. Thanks!
group pairs selection is purely based on weekly, but keep an eye whats happening on monthly.
its very common say in forex intraday trend not effected the daily trend quickly, and daily trend not effected the weekly within a day.
that why we choose those pairs in which we have strongly confidence that they moving with same speed and in same direction (according to me its time,range,strength,correlation)
  • #5,433
  • Sep 15, 2014 10:22am Sep 15, 2014 10:22am
Quoting KopraTasa
Hi guys, I did another test for daily trading entry. Early Asian session made final analysis based on previous supply and demand including trend strength. As a result, I decided to trade on price reversal position which may reasonable for daily trade position. made some homework on spreadsheet from previous data, final analysis and then setup offline chart for reverse entry. Herewith screen shots attached for your immediate reference. Thanks to my buddy Hukam who give me a big spot light of inspirations. Best regards Kopra {image} {image}
Hi guys,

I'm done for today.

CS hit TSL and exit.
Win 424pips for the day.

Trade setup is daily trade...not by sessions.
I'm too old to catch up with sessions timing and this is my 4th attempt to test setup and make entry once per day.
I decided to reverse entry after checking immediate cs formation of selected pairs beside of the prepared spreadsheet data.

Attached Image (click to enlarge)
Click to Enlarge Name: Reversal Entry.png Size: 105 KB


Regards
Kopra
You do good, Good will come to you. Self deception never succeed.
  • #5,434
  • Sep 15, 2014 10:36am Sep 15, 2014 10:36am
Quoting KopraTasa
{quote} Hi guys, I'm done for today. CS hit TSL and exit. Win 424pips for the day. Trade setup is daily trade...not by sessions. I'm too old to catch up with sessions timing and this is my 4th attempt to test setup and make entry once per day. I decided to reverse entry after checking immediate cs formation of selected pairs beside of the prepared spreadsheet data. {image} Regards Kopra

Hey kopra...

Well done...I just got back on the thread and very interested on what you are doing..If you can, can you explain what your doing sir...Thanks for any assistance and congrats to you..

Jimmy
  • #5,435
  • Sep 15, 2014 11:11am Sep 15, 2014 11:11am
check it before you make decision on lower TFs.. this is the daily picture.
Attached Image (click to enlarge)
Click to Enlarge Name: DAILY STRENGTH 15-06-2014.png Size: 33 KB
  • #5,436
  • Sep 15, 2014 11:18am Sep 15, 2014 11:18am
Quoting jimbnc
{quote} Hey kopra... Well done...I just got back on the thread and very interested on what you are doing..If you can, can you explain what your doing sir...Thanks for any assistance and congrats to you.. Jimmy

Hi jimmy,

This is only testing.
I don't have specific/established method to consider as proper setup rules and entry.

Pls give me a moment to compile the info for your reference.

Kopra
You do good, Good will come to you. Self deception never succeed.
  • #5,437
  • Sep 15, 2014 12:11pm Sep 15, 2014 12:11pm
Quoting KopraTasa
Hi seller9, I facing a lot of problem to write and express myself in english (including to ask questions)...very sorry for thousand time. I've found your thread 3 months ago and really feel impressive with your post due to your openness and willingness to share your ideas, knowledge, skills and thoughts. I am sure you have sacrifice a lot of your time and effort to make things happen and make all this the best of it. I salute you from start until now. It is quite difficult and tough for me to understand all the forex terms and settings because I'm...
I think you are very close now. Good luck, Brother.
  • #5,438
  • Sep 15, 2014 12:48pm Sep 15, 2014 12:48pm
Quoting KopraTasa
{quote} Hi jimmy, This is only testing. I don't have specific/established method to consider as proper setup rules and entry. Pls give me a moment to compile the info for your reference. Kopra

Hi Jimmy and all...

[EDIT: This setup is for daily trade position....not by sessions analysis/trade]
I have received relevant questions from a good friend here and i think his questions will answer the rational of the testing trade I've made today.

Pairs Selection:
1. How you pick up selected pairs out of all?
Supply Demand:
2. How you calculate s/d level percentage?
Trend Percentage:
3. How do calculate trend Percentage?
Trend/Entry:
4. How do you determine is either Up/Down or Buy/Sell?

I'm no good to explain properly in english and I will use images to support my explanations.

The trade setup are base on daily trade basis. It is not on session basis.

Answer:
1. Pair selection:
a. Check today's event and analyse the currencies.
Attached Image (click to enlarge)
Click to Enlarge Name: news.png Size: 29 KB

b. Selection pairs with ref no.1 that gives you high Daily ATR index (1st filter).
Attached Image (click to enlarge)
Click to Enlarge Name: ATR.png Size: 51 KB

Attached File(s)
File Type: rar FST-ATRGraph.rar   19 KB | 776 downloads

c. Analyse with Heat Map as Hukam's method to filter currencies (2nd filter).
Oanda.com

2/3/4. Supply & Demand Percentage, Trend Up & Down...
a. Use supply & demand percentage indicator(or buy & sell percentage indicator) which determine dominant trend.
This indi is lagging and still put an effort to find a good one. Use only the percentage buy/sell and current trend.
Don't take this as entry signal...you will end up at indian ocean.
Attached File(s)
File Type: mq4 ForexPrediction.mq4   33 KB | 567 downloads

b. Make spreadsheet layout for weekly, daily, h4,h1 & m15 and analyse the trend bias accordingly. Pls check spreadsheet sample below.
You may design the layout according to your needs and analysis overview.
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Analysis D-S.png Size: 243 KB

c. simple calculation for trend% ie...calculate average of dominant trend (if 3 pair up trend, then calculate total up trend % devide by 3).
d. Analyze the whole spreadsheet data and decide which TF is consider could establish your trading basket.
e. You also can choose different TF for different group of pair. There is no specific TF for the whole group. It depend totally on what you see the whole picture.
f. once decided, pls check again pair by pair chart for final confirmation.
g. create trading basket at BT EA.
h. For me, I don't wait when to trade...I just make an entry and monitor the progress.

This only testing and if you have better suggestions, tools, retionalisation of this method, pls don't hesitate to share your ideas and opinion.

Best regards to all.
Kopra
p.s: when come to explanation, my english is like spaghetti. I'm sorry with my handicap.
You do good, Good will come to you. Self deception never succeed.
  • #5,439
  • Sep 15, 2014 1:03pm Sep 15, 2014 1:03pm
This is another trade specifically for GBP basket base on the above method.
Since GBP give good strengths, I purposely create this trading basket known as "My Backup Plan" in case anything happen to another trading basket.

Kopra.

Attached Image (click to enlarge)
Click to Enlarge Name: GBP.png Size: 67 KB
You do good, Good will come to you. Self deception never succeed.
  • #5,440
  • Sep 15, 2014 1:12pm Sep 15, 2014 1:12pm
Quoting x58
{quote} I think you are very close now. Good luck, Brother.

Thanks my old friend....

Kopra
You do good, Good will come to you. Self deception never succeed.
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