Basket Trading EA

Quoting Smknyc

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{quote} Revisit the individual charts if you still don't see the logic then show me what I am missing. You don't have to trade/select/add each and every pair to the basket as many of us do. Cheers {image}

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Quoting Edd Ganuelas

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{quote} Thank you. I will do that. Be patient with me a little bit. I just want to get behind what you are doing and perhaps I could adapt it to my trading. If you don't mind, I will be coming back to you with some more questions. Cheers, Edd

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Quoting Smknyc

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{quote} No worries mate. Glad to help Cheers

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Quoting EasyRyder

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Hello Seller and all. Worked with basketing for about 6 months a some time ago, and stopped. After a year long sabbatical, stopped by to see what a fantastic job Seller9 and all have done. I salute you. Am running build 745 of MT4. After reading much of the thread and watching some of the videos a couple of times, I have been trying to create a JPY7 trading setup. 1. downloaded all 28 pair history data using the ForceHistoryData script. 2. Set an Alt-G hotkey in Basket_Create_v3-670et. 3. Ran Basket_Writer_v3-670 and wrote the Basket(see attached...

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Quoting Smknyc

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Great JOB fellow traders. Tweak your basket a little and it will change the dynamic of your basket + profits EUR 5 BASKET EURUSD - EURJPY - EURUCAD - EURAUD - EURNZD GBP 6 BASKET GBPCHF reverse this pair EURGBP - GBPUSD - GBPCAD - GBPAUD - GBPNZD Have a great weekend...

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Quoting FXyao

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{quote} did you check these under tools/options/expert advisors in MT4? {image}

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Quoting EasyRyder

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{quote} Yes, all ok there.

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Quoting ngoanhoang3

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Hi shum, I understand use can stop the trading robot on the offline chart, but I am talking about the basket creatoing EA that update all the data for all currency pair on the online chart, not offline chart. If you close the mt4 and turn on again, does the EA on online chart could loose data, so it make the offline chart missing data that make you can loose. Or it would automatic update data instead of adding theBasket creator EA again and start creating new basket and open new offline chart To update new data. Also, when open mt4, it takes long...

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Quoting thorn

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{quote} Been using build 745 for couple weeks with no issue. Sounds like AUDJPY is not in your market watch list? Try going to the market watch box and right click on "symbol", then select "show all". See if that clears up the problem.

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Quoting EasyRyder

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{quote} All pairs are in the Market Watch List. I get the error message for all 7 JPY pairs, not just AUDJPY. Somehow, I must have an error in my setup. One thought -- I did this on Saturday when market was down? Does one have to have live data feed?

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Quoting Smknyc

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K.I.S FOLLOW SMART MONEY NOT INDICATORS LESS TIME YOU SPEND ON THE SCREEN, WILL KEEP YOU FROM MAKING DUMB MISTAKES. PLAN YOUR TRADES - TRADE YOUR PLAN. Learn the mechanics of CORE pairs move on to crosses. You don't need static indicators, Spread Sheets to earn a living. Example screenshot attached for correlation Core/Crosses. Trade without boundaries from anywhere without lagging indicators. With SELLER brilliant EA you can setup trades easy as 1 2 3. Tweak your baskets get rid of combinations like AUD/CHF CAD/CHF GBP/CHF << trading these pairs...

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Quoting FXyao

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{quote} Smknyc, do you mean the EUR5 BASKET EURUSD - EURJPY - EURUCAD - EURAUD - EURNZD should be setup as below? EURUSD EURJPY reverse EURUCAD reverse EURAUD reverse EURNZD reverse thx

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Quoting Edd Ganuelas

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{quote} There were some traders here introducing how they approach trading the basket but left other members in limbo how they do it. We have been praising Seller9 of his generosity in sharing his expertise by setting up this thread but not practicing the same to help others. An incomplete information how you guys are profitably doing the basket using core/correlated pairs (or even the use of other indicators from other sources elsewhere) would only make other traders confused in their trading. Edd

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Quoting thorn

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{quote} NG, you can shut down mt4 but don't close the chart that contains your basket indicators. I do all my basket creates on a EURUSD 1 min chart. When you create a basket, the EA creates and indicator on that chart. You wont see it unless you open up your indicator list. If you have created multiple baskets you will see a separate indicator for each basket. If you close that chart you will lose all your baskets and have to recreate them again. So don't close it. Shutting down mt4 is ok as long as that chart used to create baskets is still open....

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Quoting thorn

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{quote} Hey Edd, along with currency strength, you also have to look at correlations when constructing baskets. https://www.mataf.net/en/tools/01-01-correlation. The instructions are pretty easy to figure out. Punch in all the GBP pairs and then look at the hourly correlations of the GBP. For baskets I think the hourly is the best indication of how pairs are moving for basket trading. You will quickly see why SMK says to reverse GBPCHF in your basket. Correlations can and do change over...

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Quoting thorn

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{quote} Could be the problem. I use Oanda and can set up baskets and start the EA on weekends with no problem. Maybe other brokers are different. The only other thing I can think of is if your broker uses a special prefix for the pairs. Like some mini accounts a pair might be quoted as USDJPYm. If you can post the error code from your mt4 journal maybe Seller can help you out.

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Quoting EasyRyder

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{quote} You hit it thorn. Edited the JPY7 text file and the #JPY7# text file to add an "i" suffix as used by my broker, and all is well. Got to go back and do the setup again -- there must be a way to enter the suffix. Thanks again for your suggestion. George

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Quoting momosh

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{quote} Hi Sam, may I also ask for a little bit longer explanation of the way you trade? I get back and read most of your posts and I can't say that I am sure about your trading method. Let me take the example you gave for gbp basket. Did you see this on the naked charts: {image} And when you create the basket, do you draw trend lines and wait the price break them? Please give some examples for picking the pairs and creating the baskets, it will be a great help for us! Thank you, momo

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