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Still Basketting

  • #8,521
  • Jul 7, 2015 5:33pm Jul 7, 2015 5:33pm
Quoting shum
{quote} 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.
Thanks for the advice Shum. I know your a veteran basket trader so it means alot. So do you guys find other interesting things to look at while the Tidane EA is making you money?

The 5 pairs are highly correlated on the 4HR TF which might explain why you get some really nice swings every once in a while which you can ride to the end. The correlation on the lower TFs is pretty low.

I do find the 4HR slow though - thats my only complaint, but if its profitable as you guys say it is, why should I complain so much. I'll give it a try. Not sure how long this sell basket will go on for before I can get on the bus with you guys.

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  • #8,522
  • Jul 7, 2015 10:05pm Jul 7, 2015 10:05pm
Quoting shum
{quote} 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.
Shum - a quick one for you if you have time please - when I click on the crosshair to get the pips movement. If the value is 289087. Does that mean its 2,891 pips?
  • #8,523
  • Jul 8, 2015 1:16am Jul 8, 2015 1:16am
Quoting SputnikX
{quote} Please have a look http://www.forexfactory.com/showthread.php?t=529896
Hi SputnikX. If you read the whole thread you can see that when creating a basket chart from a script it doesn't reflect the real movement produced by all pairs that compound the basket, that's why we need an indicator....
  • #8,524
  • Jul 8, 2015 1:17am Jul 8, 2015 1:17am
Quoting Kosomolate
{quote} 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...
Yes please, kos, when you can.... Thank you...
  • #8,525
  • Jul 8, 2015 1:22am Jul 8, 2015 1:22am
Quoting fxtrader08
{quote} Shum - a quick one for you if you have time please - when I click on the crosshair to get the pips movement. If the value is 289087. Does that mean its 2,891 pips?
yes
  • #8,526
  • Jul 8, 2015 1:56am Jul 8, 2015 1:56am
Quoting shum
{quote} yes
GOODNESS ME! Is that the kinda of money you guys are walking away with these days? In some cases its days to significantly profit.
  • #8,527
  • Jul 8, 2015 2:37am Jul 8, 2015 2:37am
Quoting fxtrader08
{quote} GOODNESS ME! Is that the kinda of money you guys are walking away with these days? In some cases its days to significantly profit.


Welcome to the Club!

Regards,

Ty
My job: I speculate and manage risk.
  • #8,528
  • Jul 8, 2015 3:37am Jul 8, 2015 3:37am
Quoting sharemaster2
{quote} 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.
Sorry, I didnt see your question.

EA on any normal chart but watching tidane on H4 and using H1 or sometimes M15 for re-entries.
I enter trades manually severally, especially re-entries.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,529
  • Jul 8, 2015 4:02am Jul 8, 2015 4:02am
Quoting chucrut
{quote} 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! {image}
posted tidane on H4 just few posts back, now you ask again.
Trade tidane on H4 if you miss entry then device a means to sneak into the party from H1 or M15. If you understand MTF trading you will know when corrective wave ends and the impulsive wave starts. set your tidane to catch this, and you join in.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,530
  • Jul 8, 2015 4:02am Jul 8, 2015 4:02am
hi kos, i was ask you what are the parametres of your tidane on H1, its different from my
  • #8,531
  • Jul 8, 2015 4:12am Jul 8, 2015 4:12am
Quoting shum
take the same move on m15.. Kos what are the parametres of tidane on your H1?, i see difference from my.
shum! shum! thought you've gone to enjoy your last $$$ kill.

no strict parameters, anything that gives me the right to join the trend, by the way, its near impossible for me to miss H4 entry.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,532
  • Jul 8, 2015 4:16am Jul 8, 2015 4:16am
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
it will surface anytime this weekend.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,533
  • Jul 8, 2015 4:19am Jul 8, 2015 4:19am
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$
its not a 2+2 thing.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,534
  • Jul 8, 2015 4:22am Jul 8, 2015 4:22am
Quoting Kosomolate
{quote} shum! shum! thought you've gone to enjoy your last $$$ kill. no strict parameters, anything that gives me the right to join the trend, by the way, its near impossible for me to miss H4 entry. kos
ok, i see..
yes mate im enjoy too, but i was enter more late than you, but its ok..i make some good pips.
  • #8,535
  • Jul 8, 2015 4:23am Jul 8, 2015 4:23am
Quoting Kosomolate
{quote} posted tidane on H4 just few posts back, now you ask again. Trade tidane on H4 if you miss entry then device a means to sneak into the party from H1 or M15. If you understand MTF trading you will know when corrective wave ends and the impulsive wave starts. set your tidane to catch this, and you join in. kos
I'm sorry if i asked another time, but from some past posts i though i had different settings, and i was a little bit confused from various settings posted along the thread, just that.
Thanks for your effort here and for the illuminating thread.
  • #8,536
  • Jul 8, 2015 4:44am Jul 8, 2015 4:44am
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
that was a zero cross CCI system on H4, USDJPY only.

with 10k on core-5, SL 200 or 250. use this to calculate your risk.

I risk 5% of my account, and I have my reasons for that, i.e. for me to completely loose an account down to zero $, I have to loose 20 or more straight times, full SL. They say its possible in this business, at least I have read it somewhere, but I am yet to see it. I have seen twice on a row I mean on H4 basket.

So for me to prescribe lot size for you is not good, sit down and calculate, how much are you willing to loose in a trade that would not heighten your blood pressure? then divide that with the SL of 200/250 and it will give you your LOTSIZE. then grow your account from that point.

if am the owner the 10k and my
risk is 5% of 10,000 = 500.
SL is 250.
then Risk/SL= lotsize. 500/250 = 2.
therefore I will use 0.20 for core-5 basket

starting with 0.20 and God being on your side if you catch 1000 pips (which happens here easily) it translates to 2k

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,537
  • Jul 8, 2015 4:50am Jul 8, 2015 4:50am
Quoting shum
{quote} 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.
OMG! shum I didn't see you have answered him, I wouldn't have written the long post

thanks man, you are correct 0.20 is right for 10k. so you risk 5% too! isn't that too risky? the forex gurus say it should be 2%

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,538
  • Jul 8, 2015 4:54am Jul 8, 2015 4:54am
Quoting Pathekiwi
{quote} 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
Bless you too, Brother.

yes its an indi to show me, points to re-enter or add more. but I hardly add to baskets, can't stomach the turn.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,539
  • Jul 8, 2015 5:04am Jul 8, 2015 5:04am
Quoting fxtrader08
{quote} Thanks for the advice Shum. I know your a veteran basket trader so it means alot. So do you guys find other interesting things to look at while the Tidane EA is making you money? The 5 pairs are highly correlated on the 4HR TF which might explain why you get some really nice swings every once in a while which you can ride to the end. The correlation on the lower TFs is pretty low. I do find the 4HR slow though - thats my only complaint, but if its profitable as you guys say it is, why should I complain so much. I'll give it a try. Not sure...
while we are sitting on the trend, there are many interesting things to do, but that depends on you and what you mean by interesting things. what interests you may not be to shum...

if you are praying for this short basket to end soon so that you can join, many of us are praying that it should last more...

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8,540
  • Jul 8, 2015 5:08am Jul 8, 2015 5:08am
Quoting Kosomolate
{quote} OMG! shum I didn't see you have answered him, I wouldn't have written the long post thanks man, you are correct 0.20 is right for 10k. so you risk 5% too! isn't that too risky? the forex gurus say it should be 2% kos
no mate, is not risky, for me its ok, and i sayd him 0.2 maximum..but if he is a new in that system, 0.1 will be excelent.
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