Kopratasa EA & BDM

Now that's what I call a Basket Trading Dashboard (BTD)...
And you say that it will open a new window each time a new basket is opened? Nice...

Looking forward to testing the finished product.

Thanks for everything HP!

Thanks guys, for the well wishes

Asian Open

Hey vmc,

Good questions,

Let me reiterate your first question,
you are asking what is the likely hood of price turning around and hitting your target after retracing 50 or 38.2%?

Look at the charts, how many times has the price action continued its trend after hitting the 38.2% fib retracement?
Alot of times, lol
Remember, we are not always looking for the big home run continuations, we take what the market gives us,
sometimes that means getting out with not many pips.
It also may depends on the pip range or the difference in pips from the 100% price point to 0% price point.
The larger the pip range coupled with a greater retracement, the more likely you are observing a change in the trend.
But you still have to read the price action, I have found this document invaluable in teahing price action reading without indicators,
read it, study it, understand it, apply it, and you will be successful.

https://www.dropbox.com/s/blwkmj6ofu..._7_13.pdf?dl=0


Using the pyramiding strategy correctly will actually help you gain money or lose less money, even when the market seems choppy, or does go against you
and gain more when it goes with you.
The beauty in pyramiding using fibs is that the price action does not need to go anywhere close to your
price target before you are profitable.


But something I forgot to mention in my big post yesterday is that I pyramid by distributing my planned risk.
So that would mean if I wanted to risk 6% per trade, I would use 2% on the first entry, and add an additional 2%
risk trades each subsequent entry.
So for a 3 legged entry, (61.8%, 50%, and 38.2%) you would risk grand total of 6% on that one trade.
Of course you can change your risk to 1% per entry, with a grand total of 3% risk for three entries on that trade.

So you see when using fibs, and adding to entries, you will not blow your account, even if you suffer a news spike or such
you are only risking 3%, but due to the way the entries are distributed, your reward is huge if it hits your take profit
because for each add on to your trades your getting closer and closer to your stop loss,
which is increasing your risk reward dramatically.

Here let me show you.

With a stop loss at the 23.6% fib, and take profit at the 127.2% fib

Your first entry on the 61.8% fib will yield about a 1:1.8 risk reward trade (Gain 1.8 dollars by risking 1 dollar)

Your second entry on the 50% fib will yield about a 1:3 risk reward trade (Gain 3 dollars by risking 1 dollar)

And your third entry on the 38.2% fib will yield about a 1:6 risk reward trade (Gain 6 dollars for risking 1 dollar)


You see, due to the distribution of entries, even if a new trend is established you may still have the opportunity to exit with a profit when you pyramid using
fibs, and the rare times price explodes straight through your fibs to the stop loss you still only lost 3% or whatever your risk per trade.

I will forward test this method for all to see if its incorporated into the basket manager or such eas one day, so I don't have to wake up
in the middle of the night to add to fib entries, lol

hi guys once again ..thanks to all contributors...great work very educational and no bs which is nice.....
re a post not long ago....re using bt EA we cannot add scale in/add to trade if we are not in green or are in red ?? etc... there is a way to scale in if you wish if all your trades are not in profit etc etc....if you wish to add to a red position or retrace 50% etc and you are not in profit.......then whilst in your original trade reset btea for a reverse BO/PO with a new magic number and reset "just one trade to false"( or you can set that in your original trade if you wish).... you then may want to reset take profit and or loss to your preferred %account balance profit or loss etc as that will close all trades regardless of odd magic numbers.......or if you use a add on trade manager myfx/fx synergy then all this is a bit easier...good luck to all

Today's basket
No Trend, no trade

I wonder why I've got a sideways mover?
Hot potato, any ideas?

Yesterday's trade still going

Here are my fibo trade yesterday .

Enter at 32 level retracement, go up but not reach 100 then go back to 50 retracement, and now go up slowly. I closed it already.

See if the price will go up again as the trend loks changing.

How about this trade Coolbudz223

Hi HP,

based on my tests, the 30m TF in the matrix is negatively impacting on the averages and hence the decisions.

Can the 30m TF be removed (left out) from the matrix or can there be an option to choose it leave it out?

Regards

Solved error in writing C5 baskets.

Nope, mine picked a downwards mover.
Of course that was at 2 o'clock and at that time i was sound asleep.

Make sure the the parameter "Lowest timeframe to use M5 or M15" is set to MIN5 and kopratase won't use M30.

Thanks to Coolbudz insights and HP amazing work I am trying to study and analyze the behaviour of Fibonacci levels in our Baskets, I find it pretty amazing the reactions of price action around those levels.

I am reading this book, I think its very clear and good:
http://aradsarmaye.com/upload_file_a...%20Boroden.pdf

Is this EA free or need to buy?

It's free, posted all over this topic.
It should be used in combination with Seller9's BT EA.

Thanks.

So all entries are auto?

No sorry , this is not an autotrader.

Trading basket can't be easy. Over 300% in one month+

http://www.forexfactory.com/showthre...30#post8167730

Well, I m still learning...

Phemmy

I'm sorry bro, but that photo is very hard to see, and I can't see enough prior
price action to tell you the quality of your fib placement