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Basket Robots

  • #61
  • Mar 10, 2015 2:07pm Mar 10, 2015 2:07pm
One more thing thanks for all your work
  • #62
  • Mar 10, 2015 2:16pm Mar 10, 2015 2:16pm
Quoting Gollum99988
I know this but I want to build from it more ranging basket so it was not my final basket
Ok then. You can use EURUSD, USDCHF with +1,+1. The resulting basket chart should look like EURCHF chart.
No guts, no glory
  • #63
  • Mar 10, 2015 2:20pm Mar 10, 2015 2:20pm
Should look like but it is not the same,Why is there a difference (not complaning just asking)
  • #64
  • Mar 10, 2015 2:24pm Mar 10, 2015 2:24pm
I would have tried it if I was near my computer.

Can you post the resulting chart?
No guts, no glory
  • #65
  • Mar 10, 2015 2:26pm Mar 10, 2015 2:26pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #66
  • Mar 10, 2015 2:35pm Mar 10, 2015 2:35pm
What a beautiful image !

Look similar to me.

They will not be exactly the same because of different bidding on basket pairs. But looks very close and hence can be traded.
No guts, no glory
  • #67
  • Mar 10, 2015 2:59pm Mar 10, 2015 2:59pm
this means that with more pairs I gonna get more incorrect basket??
  • #68
  • Mar 10, 2015 3:08pm Mar 10, 2015 3:08pm
Quoting Gollum99988
this means that with more pairs I gonna get more incorrect basket??
Who said its incorrect ?

If you want to trade both EURUSD and USDCHF as two pairs simultaneously then Basket is the Correct way to do it.

Trading EURCHF is the INCORRECT way of trading both pairs simultaneously.
No guts, no glory
  • #69
  • Mar 10, 2015 3:19pm Mar 10, 2015 3:19pm
Difference between a basket of 2 pairs, and, the cross of the same 2 pairs Will not be obvious on higher time frames, but can be noticed on lower timeframes.
No guts, no glory
  • #70
  • Mar 10, 2015 3:26pm Mar 10, 2015 3:26pm
Gollum ,

If you're still there, and it wouldn't be much trouble, can you please post the 4 charts EURUSD, USDCHF, BASKET and EURCHF., same time frame and zoom level.

and let us see which one represent the 2 pairs better.
No guts, no glory
  • #71
  • Mar 10, 2015 3:29pm Mar 10, 2015 3:29pm
ok first H1
Attached Image (click to enlarge)
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  • #72
  • Mar 10, 2015 3:33pm Mar 10, 2015 3:33pm
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  • #73
  • Mar 10, 2015 3:38pm Mar 10, 2015 3:38pm
Attached Image (click to enlarge)
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  • #74
  • Mar 10, 2015 3:44pm Mar 10, 2015 3:44pm
the difference is still there
  • #75
  • Mar 10, 2015 3:46pm Mar 10, 2015 3:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: 7.PNG Size: 72 KB
  • #76
  • Mar 10, 2015 3:51pm Mar 10, 2015 3:51pm
Quoting Gollum99988
the difference is still there
OK. Now let's check the low of the lowest H4 candle in the basket and compare it with the same H4 candle on EU, UCH and ECH.

Which H4 candle represent both pairs better, that's the question !
No guts, no glory
  • #77
  • Mar 10, 2015 4:06pm Mar 10, 2015 4:06pm
So letts say that if I gonna open two pisitions Buy EURUSD and BUY USDCHF then the chart of my account gonna look like the basket chart and not like EURCHF ?
  • #78
  • Mar 10, 2015 4:15pm Mar 10, 2015 4:15pm
If you open a new buy at each candle open and close it at the candle close. YES.
No guts, no glory
  • #79
  • Mar 10, 2015 4:22pm Mar 10, 2015 4:22pm
And when i gonna open it on the open and then leave it like that for the next 100 candles still basket gonna be more similar??
  • #80
  • Mar 10, 2015 4:43pm Mar 10, 2015 4:43pm
No. my previous answer was clear.
No guts, no glory
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