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Basket Trading EA

  • #6,921
  • Jan 14, 2015 9:20pm Jan 14, 2015 9:20pm
Hotpotato,

What I would like to see is an indicator that shows the Net Asset Value of the net sells and buys of different pairs in demo or real account that could then have other indicators added on to it. I guess that means an offline chart like the BasketWriter does but with the capability to add exotics pairs other than the basic 28 pairs which the current BasketWriter does. Then we could have a mix of such things as USDHUF,TRYJPY,USDINR,EURZAR,USDMXN,NZDSGD, etc.

What I want to do is do more long term trading in the H4,D1,W1 timeframes with positive interest being paid into the account. That positive interest can really be frosting on the cake of a trend following system.
  • #6,922
  • Jan 14, 2015 9:24pm Jan 14, 2015 9:24pm
Zoomed in a bit.

A lot we can't predict, but we do know a few things:
1. what goes up, must come down
2. consolidation begets trend v.v.

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It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,923
  • Jan 14, 2015 9:39pm Jan 14, 2015 9:39pm
Check this out if you wish.

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It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,924
  • Jan 14, 2015 9:41pm Jan 14, 2015 9:41pm
Quoting Tanzenkran
That positive interest can really be frosting on the cake of a trend following system.
OR quite the opposite...

EDIT negative interest that is.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #6,925
  • Jan 14, 2015 10:12pm Jan 14, 2015 10:12pm
We would just trade that basket when the Net Asset Value trend is up and then stay out of that basket when it is going down. Best of both worlds!
  • #6,926
  • Jan 14, 2015 10:39pm Jan 14, 2015 10:39pm
PippyTheGrt,

For example this basket: Sells CHFZAR,EURTRY,EURZAR,GBPZAR,USDINR,USDMXN while also having these Buys NZDCHF,NZDJPY,TRYJPY,ZARJPY in the portfolio.

When that whole basket Net Asset Value is rising we hold the whole basket when it goes down we liquidate the basket. My idea is not to hold any pair that does not pay interest in the basket.
  • #6,927
  • Jan 15, 2015 1:13am Jan 15, 2015 1:13am
its scalping... possible during all sessions.
JPY -Down
EUR-Down
GBP-Down
AUD-Up
  • #6,928
  • Jan 15, 2015 4:06am Jan 15, 2015 4:06am
heavy party in CHF. better stay out of currencies, where central banks are playing games with..
  • #6,929
  • Edited 4:26am Jan 15, 2015 4:10am | Edited 4:26am
Just this morning i saw the latest excellent seller9 video with it's BO/PO remark.
I thought "PO makes sense trading 1H" so i said to myself "First get some coffee and change it later"
Yea, right...too late.

It's a shame but really made it up countertrade the chf trend..i am not complaining.
Attached Image (click to enlarge)
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info@metacharttools,com
  • #6,930
  • Jan 15, 2015 4:25am Jan 15, 2015 4:25am
Quoting Hotpotato
Just this morning i saw the latest seller9 video with is BO/PO remark. I thought "PO makes sense trading 1H" so i said to myself "First get some coffee and change it later" Yea, right...too late. It's a shame but really made it up countertrade the chf trend..i am not complaining. {image}
be happy for not trading this downbreak. no order would have been filled at your desired point. just look at the charts in M1 and see the gaps.
(at least on live account, demo may be different because demo is bullshit and not reality)
  • #6,931
  • Jan 15, 2015 4:37am Jan 15, 2015 4:37am
Quoting snowyHH
{quote} be happy for not trading this downbreak. no order would have been filled at your desired point. just look at the charts in M1 and see the gaps. (at least on live account, demo may be different because demo is bullshit and not reality)
I was looking at my ICMarkets live account and it gave a little downwards warning then stabilized for 3 minutes and no gaps.
But now we will never know.
info@metacharttools,com
  • #6,932
  • Jan 15, 2015 4:45am Jan 15, 2015 4:45am
About an hour before the CHF news this morning I had sold short GBPCHF. Then I went away from the screen and wondered what was going on when I came back and saw that huge candle. I trade small so I made a "small fortune" but now I can not get out of the trade because apparently they are closing the market for the CHF pairs at least for a while. Quite a dramatic move.
  • #6,933
  • Jan 15, 2015 7:11am Jan 15, 2015 7:11am
-12.30% NZDCHF
-12.30% AUDCHF
+12.30% CHFJPY
+13.20% CADCHF
+16.45% USDCHF
+14.30% GBPCHF
-14.25% EURCHF this might be more than -20%, now its closed
  • #6,934
  • Jan 15, 2015 10:14am Jan 15, 2015 10:14am
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  • #6,935
  • Jan 15, 2015 10:21am Jan 15, 2015 10:21am
Quoting seller9
{image}
Well done maestro
  • #6,936
  • Jan 15, 2015 10:23am Jan 15, 2015 10:23am
Quoting seller9
{image}
Could you generally say:
Trendline = more aggresive entry
S/R line= more safe entry

PO= more aggresive
BO= more safe /less aggresive
?
  • #6,937
  • Jan 15, 2015 10:36am Jan 15, 2015 10:36am
Quoting demp
{quote} Could you generally say: Trendline = more aggresive entry S/R line= more safe entry PO= more aggresive BO= more safe /less aggresive ?
It depends on the chart, if its trending than a trendline works good, but if its ranging than a channel horizontal line works the best.
In the previous post a BO would have missed a lot of the break out unless you were on a lower time frame, all depends on just how fast it breaks out, in the previous post on the H1 you would have had to wait for that monster candle to close, then with the gap after that you may have missed most of it.

Also you need to keep an eye on both of them as they can change and may need to be adjusted, depending on how close you have placed them.

With PO you have to be careful how close you get as any touch of price will trigger a trade, where as BO will let the price touch the line but waits for the candle to close on the other side. I generally give the PO more breathing room.
  • #6,938
  • Jan 15, 2015 10:50am Jan 15, 2015 10:50am
Magic 8 Ball pick

Indicators do work at times.

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  • #6,939
  • Jan 15, 2015 11:04am Jan 15, 2015 11:04am
Quoting seller9
Magic 8 Ball pick Indicators do work at times. {image}
Indeed, seller, they do work if you use them correctly and with some common sense too.

All the best and please keep those videos of your set ups coming through, it is clearer and better than a thousand words in a post.

Thanks buddy.
Born to rule my Economic World and Make a Difference!
  • #6,940
  • Jan 15, 2015 1:25pm Jan 15, 2015 1:25pm
Quoting sharemaster2
{quote} Indeed, seller, they do work if you use them correctly and with some common sense too. All the best and please keep those videos of your set ups coming through, it is clearer and better than a thousand words in a post. Thanks buddy.
i concur
When the internal struggle ends, everything becomes easy - Mr. Douglas
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