Basket Trading EA | Page 336 | 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

  • #6,701
  • Dec 29, 2014 11:16am Dec 29, 2014 11:16am
Could someone explain why on the offline chart change current bar low or high while current price is somewhere in the middle of the bar?
Stick to your plan and you will be successful !!!
  • #6,702
  • Edited 4:09pm Dec 29, 2014 3:41pm | Edited 4:09pm
Quoting demp
Hello everyone To those of you who aren't having a break from trading, I'd like to discuss money management, and in particular the "add to trade" function. Could anyone tell me their opinion on how they're using this function? Me, personally, have it set to 3 adds for 0.3 lots each, 10 pips in profit. With a starting lot of 0.01 (Using this on a JPY7basket) My reasoning behind this is that when the EA opens trades in more ranging milieus its risk is low and I feel fine if it's reaching its exit(I've set exit to when HAS touch PA). And as soon as...
Hello Demp, I will give you an analogy regarding the "Add To" feature: Imagine that you have one girlfriend, and when everything is going fine you are in bliss. Then one day, you think to yourself: "What if I had two, or three girlfriends? ...then I'd be three times as happy, wouldn't I?" The answer is yes, for about a week. Then, you inadvertently mix up their phone numbers or attend a function (usually an important one in which your career hinges on) and you bump into all three at once. Now, you not only have one problem, but several problems with the exponential gravity of a Black Hole from which there is no escape.

I personally think the "Add To" feature is fantastic, and I use it when trading manually after carefully surveying the price action, upcoming news and risk events.
  • #6,703
  • Dec 29, 2014 4:57pm Dec 29, 2014 4:57pm
Quoting demp
Hello everyone To those of you who aren't having a break from trading, I'd like to discuss money management, and in particular the "add to trade" function. Could anyone tell me their opinion on how they're using this function? Me, personally, have it set to 3 adds for 0.3 lots each, 10 pips in profit. With a starting lot of 0.01 (Using this on a JPY7basket) My reasoning behind this is that when the EA opens trades in more ranging milieus its risk is low and I feel fine if it's reaching its exit(I've set exit to when HAS touch PA). And as soon as...
Hi Demp,

As already mentioned, you can use that to Auto add more trades to open positions in Profit. I use it like this, 1 add ons or two. Starting lot .3 and when 20 pips in profit add .7 and that is it, sometimes one more add ons after that. Takes the emotions of doing it manually, just that you have to be careful as cos after your adding to trades, it reverses on you, your profit is toast buddy!! If it goes on as planned, your pip count is fast. Demo it for some time and see how it works.

All the best and more fat green pips to us all.
Born to rule my Economic World and Make a Difference!
  • #6,704
  • Edited Dec 30, 2014 5:53pm Dec 29, 2014 6:48pm | Edited Dec 30, 2014 5:53pm
Adding positions / Scaling is the process of entering a trade in smaller increments as opposed to opening the entire position at once. Scaling is more risk sensitive approach to Trade management = RISK management.

Key steps traders always neglect before placing a trade:

Core Pairs direction
Cherry picking pairs to create basket
Calculating the odds
Major News events
Currency Liquidity
Spread
Risk vs Reward
Leverage
Lot Size

Conclusion: Risk is inherent in every trade we take, but as long we can measure risk before COUNTING PROFITS you can minimize your RISK. Disciplined approach and good trading habits is the only way to generate steady flow of pips / $$$ Its all about the ROI.
Ask yourself this important question are you a INVESTOR or GAMBLER. Trading is a serious business not a GAME and its not driven by any SYSTEM, COMPLICATED INDICATORS or QUADRUPLE GIRLFRIENDS
TRADING IS METHODICAL

Cheers
Trading is Methodical - Markets are Emotional
  • #6,705
  • Dec 29, 2014 9:08pm Dec 29, 2014 9:08pm
Quoting stond
Hello seller9, great work done by you. Happy New Year to all.
Happy New Year to everyone!
  • #6,706
  • Dec 31, 2014 8:48am Dec 31, 2014 8:48am
Quoting darranforex
{quote}
Quoting sharemaster2
{quote}
Quoting smknyc
{quote}
Thankful for your replies!
Happy new years!
  • #6,707
  • Dec 31, 2014 8:52am Dec 31, 2014 8:52am
Thank you for everyone contribute this wonderful thread especially to Seller9, Sharemaster2, Sam/Paul and Hukam. I wish everyone all the best for the new year, the God bless you. Thank you so much. Kupeka
  • #6,708
  • Edited 10:55am Dec 31, 2014 9:39am | Edited 10:55am
Hey,

i know that im not the first person who got this question, but i couldnt find any answer...
I cant activate live trading after restarting mt4. When i click at the live-trading-button, it turns blue for a second and gets grey again.
Does the EA manage the open trades even if live trading/live-trading-button cant be activated?
  • #6,709
  • Jan 1, 2015 4:41pm Jan 1, 2015 4:41pm
Quoting eCris
Hey, i know that im not the first person who got this question, but i couldnt find any answer... I cant activate live trading after restarting mt4. When i click at the live-trading-button, it turns blue for a second and gets grey again. Does the EA manage the open trades even if live trading/live-trading-button cant be activated?
Hey Cris
Have you checked your options (CTRL + o) under the tab Expert Advisor that you have the option "Allows automated trading" checked?
  • #6,710
  • Jan 1, 2015 6:13pm Jan 1, 2015 6:13pm
Quoting demp
{quote} Hey Cris Have you checked your options (CTRL + o) under the tab Expert Advisor that you have the option "Allows automated trading" checked?
Yeah all options checked
  • #6,711
  • Jan 1, 2015 7:46pm Jan 1, 2015 7:46pm
Quoting demp
{quote} Hey Cris Have you checked your options (CTRL + o) under the tab Expert Advisor that you have the option "Allows automated trading" checked?
Hi eCris, sometimes the "Live Trading" button is like the gas pedal on (or worse, brakes) on a Citroen... you have to punch it once, wait and see if anything happens...and then punch it again. Sometimes the BT robot is busy thinking about other things and doesn't notice you are trying to activate it. This is a common occurrence with me, and it's just an idiosyncrasy of the way the robot behaves. . Just wait 10 seconds and then click on the button again. Sometime the robot wants to fight with you a little.
  • #6,712
  • Jan 2, 2015 7:30am Jan 2, 2015 7:30am
Quoting seller9
{quote} I like the H1 basket time frame and 80 or above for strength selection. Also keep an eye on the news. Once you build your basket you can then decide if it looks like something you would trade and if so what kind of trade would it be, all manual or part manual or all Robot. Also, if it will wait for the open of a certain session that may be more active. No EA is completely hands off but they can save on the amount of time you have to spend in front of the computer. After the new year I will be doing some more videos on basket selection and...
Hello Seller,

First of all, thanks for this great tool, if possible in future version could you add an alert on strength value surpassing a certain number, like 80(-80) in your case, customizable in setting, so that we could know which pair pop up in time, that will be very helpful in our trading. If you do not want to embed this function in the EA, a seperately indicator with this feature will be great, thank you very much!

Happpy new year to all.
Daniel C
  • #6,713
  • Jan 2, 2015 9:23am Jan 2, 2015 9:23am
Hello Seller9,

Please send me a blank CHECK. I am to dumb and lazy to learn or understand the basics . I am trying to save you time from any future modifications

Cheers
Trading is Methodical - Markets are Emotional
  • #6,714
  • Jan 2, 2015 9:36am Jan 2, 2015 9:36am
Quoting Smknyc
Hello Seller9, Please send me a blank CHECK. I am to dumb and lazy to learn or understand the basics . I am trying to save you time from any future modifications Cheers
Hey Sam, I see you still have a sense of humor, 2014 must have been good to you.

Your Blank CHECK is in the mail, wait for the first pull back from the first bounce.

Happy new year to all and may the PIPS be with you all.
  • #6,715
  • Edited 12:51pm Jan 2, 2015 9:46am | Edited 12:51pm
Looks like I should have been paying attention to this basket I had set up yesterday, missed 400 pips, oh well, there is always the next one.

Looks like a reaction to the GBP news.

Attached Image (click to enlarge)
Click to Enlarge Name: Example22.jpg Size: 318 KB


Notice the 61.8 bounce before going through it.

Attached Image (click to enlarge)
Click to Enlarge Name: example33.jpg Size: 311 KB


Update, 460 pips

Attached Image (click to enlarge)
Click to Enlarge Name: example44.jpg Size: 325 KB
  • #6,716
  • Jan 2, 2015 10:05am Jan 2, 2015 10:05am
@seller9 LMAO pull back and first bounce. Happy New Year to you and yours as well. Yes 2014 was awesome.
2015 trade results scaling single pair GBPUSD 2 lossers 10 winners KA - CHING
Attached Image
Trading is Methodical - Markets are Emotional
  • #6,717
  • Jan 2, 2015 12:52pm Jan 2, 2015 12:52pm
Quoting Smknyc
@seller9 LMAO pull back and first bounce. Happy New Year to you and yours as well. Yes 2014 was awesome. 2015 trade results scaling single pair GBPUSD 2 lossers 10 winners KA - CHING {image}
Please leave some for the rest of us.
  • #6,718
  • Jan 2, 2015 1:15pm Jan 2, 2015 1:15pm
Quoting Smknyc
@seller9 LMAO pull back and first bounce. Happy New Year to you and yours as well. Yes 2014 was awesome. 2015 trade results scaling single pair GBPUSD 2 lossers 10 winners KA - CHING {image}
  • #6,719
  • Jan 2, 2015 1:23pm Jan 2, 2015 1:23pm
I don't trade during the Holidays but here is a nice one for the BO from the News on Wednesday, 500 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: Example_news.jpg Size: 146 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Example55.jpg Size: 324 KB
  • #6,720
  • Jan 2, 2015 2:45pm Jan 2, 2015 2:45pm
Here is a short video on cleaning up the junk left by old MT4 platforms you no longer use that may be of interest to some, most of you are probably already aware of this so no need to look.

Inserted Video
2 traders viewing now