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Still Basketting

  • #8,501
  • Jul 6, 2015 9:54am Jul 6, 2015 9:54am
Quoting fxtrader08
Are you guys still piling up the cash on that 4hr tidane trend basket? Someone scream if this won't work but can change the TF of the EA from 240 to 60 just to get me in on a short basket? Then when I'm in, change it back to 240 and it will manage that basket basked on the 4hr going forward as 1hr was used just to get me in? I might not need to do it now as we just bounced off support so we might be going back into a buy basket soon.
Hello fxtrader08,

Yes it will work. Just make sure the Magic Numbers are THE SAME for Both. I do this all the time with H4-H1-M15.

Also, I differentiate them (i.e. the source of the Open trades) using different Trade Comments.

Hope this helped.

Regards,

Ty
My job: I speculate and manage risk.
  • #8,502
  • Jul 6, 2015 2:47pm Jul 6, 2015 2:47pm
Quoting Kosomolate
{quote} Randolermo Hi! welcome back, before I finally settled for basket trading in H4, I did thorough search, I have tested all sorts of strategies, belonged to different types of closed and open groups, and as a coder I have coded a lot of systems, wasted a lot of time, money & efforts, received a lot of shocks and disappointment from single pairs trading, too much variables are involved in single pairs trading for me. My entry line was always the resistance or support and once tested price would run away from it with speed to the opposite direction,...
Gold.
  • #8,503
  • Jul 7, 2015 12:36am Jul 7, 2015 12:36am
Quoting Kosomolate
{quote} Randolermo Hi! welcome back, before I finally settled for basket trading in H4, I did thorough search, I have tested all sorts of strategies, belonged to different types of closed and open groups, and as a coder I have coded a lot of systems, wasted a lot of time, money & efforts, received a lot of shocks and disappointment from single pairs trading, too much variables are involved in single pairs trading for me. My entry line was always the resistance or support and once tested price would run away from it with speed to the opposite direction,...
Great talk! Bitter truth. God bless u for all your sacrificial work!

We have toiled all night..., nevertheless at thy word...

I m back home, sweet home. Back to where I belong, where I started learning BTS.

Sir, just one question: how do I set break even manually?

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #8,504
  • Jul 7, 2015 4:00am Jul 7, 2015 4:00am
Quoting Opemipo
{quote} Great talk! Bitter truth. God bless u for all your sacrificial work! We have toiled all night..., nevertheless at thy word... I m back home, sweet home. Back to where I belong, where I started learning BTS. Sir, just one question: how do I set break even manually? Phemmy
To Break Even Manaully?? Drag the SL line to where you entered from I would have thought. Unless you mean something else Phemoo!!
Born to rule my Economic World and Make a Difference!
  • #8,505
  • Jul 7, 2015 4:02am Jul 7, 2015 4:02am
kos all the way...
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Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #8,506
  • Jul 7, 2015 4:22am Jul 7, 2015 4:22am
Quoting sharemaster2
{quote} To Break Even Manaully?? Drag the SL line to where you entered from I would have thought. Unless you mean something else Phemoo!!
Sir, I m trading kos 4H manually. If I m correct, I ve to do it pair by pair?

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #8,507
  • Jul 7, 2015 4:25am Jul 7, 2015 4:25am
Simplicity is difficult. Very many traders just compound BTS.
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Thanks kos.

Phemmy
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #8,508
  • Jul 7, 2015 6:51am Jul 7, 2015 6:51am
Quoting TyLamai
{quote} I can always re-enter another time.I think it's better to be safe than sorry. Ty
...and the re-entry from H1. If you miss the re-entry on the white arrow. YOU HAVE MISSED THE BUS .

anyone on board?

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #8,509
  • Jul 7, 2015 6:57am Jul 7, 2015 6:57am
Quoting Kosomolate
{quote} ...and the re-entry from H1. If you miss the re-entry on the white arrow. YOU HAVE MISSED THE BUS . anyone on board? kos {image}
Oga Kos I thruway salute come your side!!

Like your charts very clean and precise.

Just a quick one, you have your EA on 1h and take your entries on 1h and exit by the EA on h4 correct?

Are there any time you manually enter please?

Thanks.
Born to rule my Economic World and Make a Difference!
  • #8,510
  • Jul 7, 2015 7:03am Jul 7, 2015 7:03am
Quoting Kosomolate
{quote} ...and the re-entry from H1. If you miss the re-entry on the white arrow. YOU HAVE MISSED THE BUS . anyone on board? kos {image}
Yes Sir - On board!

Entered via M15 a millennia ago. You are the man.

Regards,

Ty
My job: I speculate and manage risk.
  • #8,511
  • Jul 7, 2015 7:05am Jul 7, 2015 7:05am
Quoting jjventural
{quote} Thanks Kos. I have checking the basket indicator but unfortunately it doesn't work well because EURAUD and GBPAUD are not working in the same way as the rest of the pairs when creating the offline chart. If you create a chart whith the rest of the pairs (USD,JPY,CAD,NZD,CHF) last friday we had a movement of around 690 pips with candles with small wicks. Adding the EUR and GBP the movement should have been around 1350 pips for the day as the EURAUD and GBPAUD pushed vey high that day. With your indicator and the 7 pairs the movement it's...
I see your point very clearly, basketv8 is only good for 14 pairs and core-5 offline because it just buys all the pairs in it. but if you want to create offline chart for single pairs basket you need to sell base and but the counter currencies in the pairs that make up the basket for you to get the correct offline chart.

E.G. to get a correct AUD pairs offline chart you will Buy = AUDCAD,AUDJPY,AUDNZD,AUDUSD,AUDCHF and Sell EURAUD, GBPAUD This will give you the real and correct offline for AUD basket. But if you look at the code of basketv8 it just buys all so EURAUD & GBPAUD is in the wrong direction and this will impact on the offline chart and your trades.

Hope you understand my explanation, I could get you the correct code when I have the time.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,512
  • Jul 7, 2015 7:07am Jul 7, 2015 7:07am
Quoting Kosomolate
{quote} ...and the re-entry from H1. If you miss the re-entry on the white arrow. YOU HAVE MISSED THE BUS . anyone on board? kos {image}
I'm on the bus!
Entered from M15!

Can you share your settings of Tidane?
I see that you use different settings on the different time frames
I use 80 in H4 for the trend and 45 in M15 for the entry...

Really thanks for this thread! I'm with it live from 1 month more or less and i love it. Simply and efficient...
Thanks for your effort here and to everybody else here!
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  • #8,513
  • Jul 7, 2015 7:15am Jul 7, 2015 7:15am
take the same move on m15..
Kos what are the parametres of tidane on your H1?, i see difference from my.
  • #8,514
  • Jul 7, 2015 7:26am Jul 7, 2015 7:26am
Quoting Kosomolate
... to get a correct AUD pairs offline chart you will Buy = AUDCAD,AUDJPY,AUDNZD,AUDUSD,AUDCHF and Sell EURAUD, GBPAUD This will give you the real and correct offline for AUD basket. But if you look at the code of basketv8 it just buys all so EURAUD & GBPAUD is in the wrong direction and this will impact on the offline chart and your trades. Hope you understand my explanation, I could get you the correct code when I have the time. kos
Kos da Boss,

I really pray you get some time to get this done because I have noticed this "problem" also and am really INTERESTED in a solution. It would provide for me options for those times when the COREs are ranging...(Oga Omadivi would say: "...when USD and JPY are not in synchrony!") THEN I can simply target the Weak or Strong Pair for that period based on a PROPERLY plotted Offline Chart!

Anyways, I look forward to having this Sir.

Regards,

Ty
My job: I speculate and manage risk.
  • #8,515
  • Jul 7, 2015 7:58am Jul 7, 2015 7:58am
Quoting TyLamai
{quote} Kos da Boss, I really pray you get some time to get this done because I have noticed this "problem" also and am really INTERESTED in a solution. It would provide for me options for those times when the COREs are ranging...(Oga Omadivi would say: "...when USD and JPY are not in synchrony!") THEN I can simply target the Weak or Strong Pair for that period based on a PROPERLY plotted Offline Chart! Anyways, I look forward to having this Sir. Regards, Ty
Isn't there a tech guy that can put a formula in the basket creator to create an indirect quote for those pairs?

GBPAUD can be rewritten as AUDGBP with this formula 1/gbpaud rate of 2.0793 = 0.48GBP for 1 AU$
  • #8,516
  • Jul 7, 2015 11:19am Jul 7, 2015 11:19am
Quoting fxtrader08
{quote} Isn't there a tech guy that can put a formula in the basket creator to create an indirect quote for those pairs? GBPAUD can be rewritten as AUDGBP with this formula 1/gbpaud rate of 2.0793 = 0.48GBP for 1 AU$
Please have a look http://www.forexfactory.com/showthread.php?t=529896
  • #8,517
  • Jul 7, 2015 12:01pm Jul 7, 2015 12:01pm
Quoting SputnikX
{quote} Please have a look http://www.forexfactory.com/showthread.php?t=529896
Hi, thanks for sending across this link. I've seen this thread.

The weightings thing tends to throw me off with his EA.
  • #8,518
  • Jul 7, 2015 12:39pm Jul 7, 2015 12:39pm
Kos,

I hope you're having a good week with your basket.

With 10k starting balance, would you start with 0.01 lots on the C5? I remember you saying you took 10k to 77k in just 6 months. What was your starting lot size and maximum DD at that time if you recall?

Much appreciated
  • #8,519
  • Jul 7, 2015 1:07pm Jul 7, 2015 1:07pm
Quoting fxtrader08
Kos, I hope you're having a good week with your basket. With 10k starting balance, would you start with 0.01 lots on the C5? I remember you saying you took 10k to 77k in just 6 months. What was your starting lot size and maximum DD at that time if you recall? Much appreciated
this amount he use for trading just usdjpy pair with cci indicator.
for basket trading with 10k, i recomend to trade with 0.2 lot maximum..
i trade with this leverage, but im trading basket for 2 years.
  • #8,520
  • Jul 7, 2015 4:48pm Jul 7, 2015 4:48pm
Quoting Kosomolate
{quote} ...and the re-entry from H1. If you miss the re-entry on the white arrow. YOU HAVE MISSED THE BUS . anyone on board? kos {image}
I'm on board also Kos. This is such an exciting journey. Bless you for your continued company along the way. It's refreshing and encouraging when you share.

The white and green arrows, are they an indi?

Pat
U won't really understand GRACE untill you fully realise you've been GRACED
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