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Basket Trading EA

  • #6,361
  • Nov 26, 2014 3:35am Nov 26, 2014 3:35am
Quoting winforex
{quote} Hi Smknyc Trying to set up the core pairs. Is it possible to provide some more information? Following means two baskets or one basket with 4 pairs on one direction and 2 on reverse? Also do you have any specific settings for the basket? Core split 4/2 usdjpy - nzdusd - audusd - gbpusd eurusd - usdcad Thanks
It could be 1 or 2 basket, it does'nt matter provided you follow the flow. You need a lot of reading to understanding how to trade the basket. People here don't want to just spoon feed people because if they do you will not learn. Thous some will provide hints and still others may be too generous but at the end of the day you will be on your own.

Good Luck,

Edd
  • #6,362
  • Nov 26, 2014 6:17am Nov 26, 2014 6:17am
Quoting winforex
{quote} Hi Smknyc Trying to set up the core pairs. Is it possible to provide some more information? Following means two baskets or one basket with 4 pairs on one direction and 2 on reverse? Also do you have any specific settings for the basket? Core split 4/2 usdjpy - nzdusd - audusd - gbpusd eurusd - usdcad Thanks
Hi Win...

Following on from what Edd said, all you need is to bring up those pairs mentioned, look at them from 1hour to 1D and see what direction they are headed. It will make sense as to what if they to sell or buy them. Have some confidence and see what you think by doing that. Basket Trading is not for the faint minded as it is easy to loose pips fast if you get it wrong. I find that, if you trade three to five pairs and aim for modest 100 - 150 pips at peak times. It is easy to get your Targets. Watch the news and be ready to act. Scaling in which is adding to Trade is another way to boost your pips but that takes skills so stick to just one trade a time till you get more confident.

All the best
Born to rule my Economic World and Make a Difference!
  • #6,363
  • Edited 7:50am Nov 26, 2014 7:12am | Edited 7:50am
Sorry for confusion. PLs carry on.

  • #6,364
  • Edited 12:50pm Nov 26, 2014 8:37am | Edited 12:50pm
What are crosses and why trade them Start here :
http://www.babypips.com/school/high-...ross-pair.html

STATE OF THE ART SELLER9 BASKET EA " READ, WATCH SETUP VIDEOS, - ADOPT :
http://www.forexfactory.com/showthread.php?t=446654

 

  1. CORE LAYOUT SS#1
  2. EUR CROSS LAYOUT EXAMPLE SS#2


LONG USELESS write ups, static indicators, spreadsheets . I'll leave that up to other contributors.
NO SPOON FEEDING IF YOU EXPECT EVERYTHING TO BE HANDED TO YOU MY ADVICE
< STICK TO YOUR DAY JOB>
If you have a problem with my post move on don't bother commenting.

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Trading is Methodical - Markets are Emotional
  • #6,365
  • Nov 26, 2014 1:11pm Nov 26, 2014 1:11pm
/\ What a weird post.
  • #6,366
  • Nov 26, 2014 3:20pm Nov 26, 2014 3:20pm
Quoting MikeUK
/\ What a weird post.
Not at all,my friend...Not at all
  • #6,367
  • Nov 26, 2014 4:11pm Nov 26, 2014 4:11pm
Quoting MikeUK
/\ What a weird post.
MikeUk,

Before you critic any trader on FF, try to do a little bit of research on the person's profile. It will help you know who to follow and see what they are doing and who not to. Go over this thread and check all the posts from SMK and you will see what I mean.

How many traders have you seen make thousands upon thousands of pips like that!! I have not seen any yet. So as they say " give respect to whom respect is due" and try to learn from Seniors. That is what forums and threads are all about. Sometimes, it is best not to make any comment at some posts you don't like.

All the best anyway.

More Green Pips to us all.
Born to rule my Economic World and Make a Difference!
  • #6,368
  • Nov 26, 2014 4:33pm Nov 26, 2014 4:33pm
No I meant the format of the post.
Big pictures and fonts.
Like something my 5 year old daughter would do.
  • #6,369
  • Nov 26, 2014 11:11pm Nov 26, 2014 11:11pm
Hi
Extremely thankful to Seller for sharing this EA.
Time he spent explaining the set up, process and Videos to help others is exemplary.

Now no disrespect to others but wanted to share my thoughts.

Not expecting spoon feeding from anyone else but surprisingly most of the time information provided by others is like solving a puzzle.
Apart from providing partial information, some of the very common suggestions so called seniors provide us are as below.
Read the whole thread. multiple times until you understand.
Follow the rules, Trend is your friend, Follow fundamentals, Money management is key,No holy grail, Plan your trades and trade your plans. etc. etc..
After doing all the above repeatedly, finally you may have to guess their thought process too. And the master stroke is if you request for any other information, you get "Take it or leave it" you are not going to get anything else. These things are more confusing than helpful.

If Seller also thought instead of providing the full EA, Scripts, Template and the Video on top of every thing else, imaging what would be the progress of others.
Anyway no hard feelings. Whatever help provided is always appreciated.

Thanks to Edd Ganuelas and Sharemaster2 for their help.
  • #6,370
  • Nov 27, 2014 12:21am Nov 27, 2014 12:21am
Quoting winforex
Hi Extremely thankful to Seller for sharing this EA. Time he spent explaining the set up, process and Videos to help others is exemplary. Now no disrespect to others but wanted to share my thoughts. Not expecting spoon feeding from anyone else but surprisingly most of the time information provided by others is like solving a puzzle. Apart from providing partial information, some of the very common suggestions so called seniors provide us are as below. Read the whole thread. multiple times until you understand. Follow the rules, Trend is your friend,...
I understand how you feel bro, but truth is, to the profitable people on this thread, this is not just a hobby, but a profession and a business.
Nobody succeeds in business by just getting things handed to them. You have to work for it. And of course you do have those wonderful people
who give you a great push in the right direction seller, sharemaster, and smk are some of those. But you have to stop trying to think like them and develop
your own system. If everyone in forex bought and sold at the same time their would be no market. All these guys can do is get you thinking in the right direction. Truthfully, I am a living testament to it, they have already told you everything that you need to be successful.
Stop trying to copy their plan, and develop your own.

Just to throw you some more profitable bones...

Keep it simple,
Focus on creating baskets with one parent currency, i.e (gbpusd, gbpaud, gbpnzd, gbpjpy, etc),
Learn that currency and understand it before you make more baskets,
Quit dabbling with heat maps, they get you into the trend late,
Keep the HAS quick, buy/sell when Price Action touches it, after HAS color change, if you do this you won't need IXO
Persevere! You will lose some, but month to month you can be very profitable.

Again, most of this stuff has been said several times before, everything we can say to make you profitable has already been said.
The real question is, do you have everything it takes to be profitable?
  • #6,371
  • Nov 27, 2014 5:03am Nov 27, 2014 5:03am
Quoting MikeUK
/\ What a weird post.
MikeUK, nobody forces you to read when you're unhappy.
  • #6,372
  • Nov 27, 2014 5:24am Nov 27, 2014 5:24am
Quoting Smknyc
{quote} Mate why do you want to LIMIT yourself ? learn the CORE pairs stick to the plan. Cheers
Hi,
yes, I agree, but I don't limit myself, the time LIMIT me ....lately born my 1st child, she is really time consuming)))

of course I'm testing this EA for last 3 month on my VPS, but bad results
mostly because I don't have a time to analyze screens and update settings:/
unfortunately or fortunately all EA (more or less automated) need human eye.
last time I has been informed (tanks to seller) that I wrongly understand break event option in EA
happens

many pips to all
  • #6,373
  • Edited 9:45am Nov 27, 2014 8:05am | Edited 9:45am
Scaling single pairs.
Happy thanks giving everyone
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Trading is Methodical - Markets are Emotional
  • #6,374
  • Nov 27, 2014 10:14am Nov 27, 2014 10:14am
Quoting Smknyc
Scaling single pairs. Happy thanks giving everyone {image} {image} {image}

Hi smknyc, I was hesitant the whole time since 8GMT to pull this one, now I have learnt....I should have entered at the point when the price crosses and closes above the blue trend lines (would this have been ok?).....To plan my trade and trade my plan.
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  • #6,375
  • Edited 1:44pm Nov 27, 2014 10:33am | Edited 1:44pm
Quoting Aromos
{quote} Hi smknyc, I was hesitant the whole time since 8GMT to pull this one, now I have learnt....I should have entered at the point when the price crosses and closes above the blue trend lines (would this have been ok?).....To plan my trade and trade my plan. {image}
Good job!

  1. USD/BASE - CAD/COUNTER CURRENCY
  2. NOW LOOK AT AUDUSD AND NZDUSD
  3. RISK REWARD + LOT SIZE ( KA-CHING )


USDCAD CHART MAKRED WITH CONSERVATIVE AND AGGRESSIVE ENTRIES
GET RID OF THOSE REPAINT LAGGING INDICATOR ON YOUR CHART

Look left for POI = Point of interest = profit targets

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Trading is Methodical - Markets are Emotional
  • #6,376
  • Nov 27, 2014 11:02am Nov 27, 2014 11:02am
Quoting Smknyc
{quote} Good job! USD/BASE - CAD/COUNTER CURRENCY NOW LOOK AT AUDUSD AND NZDUSD USDCAD CHART MAKRED WITH CONSERVATIVE AND AGGRESSIVE ENTRIES Look left for POI = Point of interest = profit targets {image} {image} {image}

DONE!


and now Waiting for the fall to happen while looking left for the TPs at POI.


Thanks!
  • #6,377
  • Nov 27, 2014 11:09am Nov 27, 2014 11:09am
Quoting Aromos
{quote} DONE! and now Waiting for the fall to happen while looking left for the TPs at POI. Thanks!
If you made your daily target move on. Now low volume and liquidity kicked in come back on Monday and do it all over again.

20 30 pips pull back is not a trend changer. If you are a position trader my target remains at 1.1491

Cheers
Trading is Methodical - Markets are Emotional
  • #6,378
  • Nov 27, 2014 11:50am Nov 27, 2014 11:50am
Quoting Smknyc
{quote} If you made your daily target move on. Now low volume and liquidity kicked in come back on Monday and do it all over again. 20 30 pips pull back is not a trend changer. If you are a position trader my target remains at 1.1491 Cheers
Great insight! Agreed.

I am more of intra-day tending to swing.

Will do this allover again come Monday.

Cheers
  • #6,379
  • Nov 27, 2014 1:03pm Nov 27, 2014 1:03pm
Quoting hukam
score the currencies % wise. let see the results. {image}

Could you share your spreadsheet?

Thor68
  • #6,380
  • Nov 27, 2014 3:30pm Nov 27, 2014 3:30pm
Quoting Coolbudz223
{quote} I understand how you feel bro, but truth is, to the profitable people on this thread, this is not just a hobby, but a profession and a business. Nobody succeeds in business by just getting things handed to them. You have to work for it. And of course you do have those wonderful people who give you a great push in the right direction seller, sharemaster, and smk are some of those. But you have to stop trying to think like them and develop your own system. If everyone in forex bought and sold at the same time their would be no market. All...

salute you bro Coolbudz!
You do good, Good will come to you. Self deception never succeed.
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