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Still Basketting

  • #8,561
  • Jul 10, 2015 8:20am Jul 10, 2015 8:20am
m15 short, who is with me?
  • #8,562
  • Jul 10, 2015 8:45am Jul 10, 2015 8:45am
Quoting fxtrader08
{quote} 1500 pips pullback? I dont like the idea of being in 3000 pips profit followed by giving back 1500 pips. I am in long on H1 at the moment.
just try to catch the pullback.. and you are back at 2950 pips..
  • #8,563
  • Jul 10, 2015 9:11am Jul 10, 2015 9:11am
Quoting fxtrader08
{quote} 1500 pips pullback? I dont like the idea of being in 3000 pips profit followed by giving back 1500 pips. I am in long on H1 at the moment.
Fellow,

The issue can be attributed to greed in my opinion. Try to keep an eye on the GBP/JPY pair as well as it mirrors the Core5 movement. Once you have gained a decent amount of pips in Basket. Took the bold move and close out your trades, there is always another move coming. Learn to sit on the sidelines as well. You must learn that because with basket trades, your profits can be gone in a blink.

If you read kosses comments closely, he mentioned that since this year, he has only taken 10 core 5 trades, what does it say to you, it means he only waits for the A++ set ups before entering meaning that a lot of the times, he is on the side lines!! That is what I got from his comment. Learn to read between the lines. Trends only run for some time and the rest of the time, we are in a range most times. Guess, it takes experience and a lot of painful losses for this to hit home.

Aim for modest pips like say 200 to 500 pips a time and as you get better and better, you can then aim for the thousand pips as the master kos does it.

That is my take on this so far.

Now lest deal with my issue.

I want to automate my trade where the EA takes entries on the 15 minutes or 1 hour TF for when I miss an entry on the 4h TF. I have tried to achieve this but have not been able to.

Can any one suggest to me how to do it. Koss has mentioned it a few times.

Thanks all and basket is surely the way to go.

More Green Pips to us all.
Born to rule my Economic World and Make a Difference!
  • #8,564
  • Jul 10, 2015 9:14am Jul 10, 2015 9:14am
Quoting sharemaster2
{quote} I want to automate my trade where the EA takes entries on the 15 minutes or 1 hour TF for when I miss an entry on the 4h TF. I have tried to achieve this but have not been able to. Can any one suggest to me how to do it. Koss has mentioned it a few times. Thanks all and basket is surely the way to go. More Green Pips to us all.

if you have the same name of offline charts, you need only to change the timeframe settings in the EA,
  • #8,565
  • Jul 10, 2015 2:33pm Jul 10, 2015 2:33pm
Quoting sharemaster2
{quote} Fellow, The issue can be attributed to greed in my opinion. Try to keep an eye on the GBP/JPY pair as well as it mirrors the Core5 movement. Once you have gained a decent amount of pips in Basket. Took the bold move and close out your trades, there is always another move coming. Learn to sit on the sidelines as well. You must learn that because with basket trades, your profits can be gone in a blink. If you read kosses comments closely, he mentioned that since this year, he has only taken 10 core 5 trades, what does it say to you, it means...
I thought Kos just entered when tidane changed on H4 and only cut things short when news may impact. Then he'd reenter. Tidane changed 10 times this year on H4.

I dont like to give profit back so I think I'll be closing trades out manually if I can see for example a big gap between price and tidane forming. Like there is on H1 at the moment because Tidane EA wouldnt exit until we get a short trend.
  • #8,566
  • Jul 10, 2015 3:30pm Jul 10, 2015 3:30pm
Hello,

I downloaded "getting started3" zip pack and video files from the post of swingtrade65 from 22nd of March 2015... My Basket Writer v07 Expert Advisor - I tried to create a basket as shown in the tutorial, but can't even selecting the tabs of currencies is hard, seems only some of them work... then it shows can't find file and the basket file is nowhere to be found. I have MT4 build 840... could that be the problem? PLS help... Thank you.
  • #8,567
  • Jul 10, 2015 4:13pm Jul 10, 2015 4:13pm
Anyone thought about buying or selling the gaps? Looks like that would be quite a profitable strategy for baskets too.

Eyeballing that last gap on 5 pairs we could have made about 1000 pips buying on Sunday open on 28th June.

The gap before it, again a 1000 pips. Although they dont close completely in some cases. We could set a reasonable take profit amount of 50% of the gap.

Something for the group to think about. For anyone that doesn't know - trading the gaps is quite a high probability strategy for a single pair.
  • #8,568
  • Jul 10, 2015 4:31pm Jul 10, 2015 4:31pm
Quoting sharemaster2
{quote} Fellow, The issue can be attributed to greed in my opinion. Try to keep an eye on the GBP/JPY pair as well as it mirrors the Core5 movement. Once you have gained a decent amount of pips in Basket. Took the bold move and close out your trades, there is always another move coming. Learn to sit on the sidelines as well. You must learn that because with basket trades, your profits can be gone in a blink. If you read kosses comments closely, he mentioned that since this year, he has only taken 10 core 5 trades, what does it say to you, it means...

As long as you have the same magic number you can just change the TF value for the offline chart you want the EA to look at. Once your in, just change the TF again. Make sure you dont change the magic number. Your basically just amending the offline chart you want the EA to look at.

Also, in the settings of the EA, click on the "Common" tab and select "Only Long" or "Only Short". That way you dont get in on the wrong side.

I think that should do it.

Sorry I didnt get back to you sooner and thanks for your help sharemaster.
  • #8,569
  • Jul 12, 2015 6:24pm Jul 12, 2015 6:24pm
Buying the gap down today would have just earned you 300 pips within an hour.
  • #8,570
  • Jul 13, 2015 2:38am Jul 13, 2015 2:38am
this was done by don Isbelj, I only modified it.

settings explained.
tradeBasket = True; // leave it true
Baskets = these are the names of the posible baskets that can be created;
BasketName = just enter the name of the basket you want to create. E.G. AUD
MaxBars = how many bars backward should it look
Yoffset = use this to stack the names of baskets on the chart, E.G. if you enter 20 then 40, 60 ...


Once you place it on the chart.
Go to file=> open offline. look for the name, it is always first in the alphabetical order, E.G if you create USD basket scroll to the list of USD pairs and it should be the frist on the list.
Double click to open the chart.
Trade it whichever way you deem fit.

I did all I could to make the price at the right side of the chart appear in normal digits but it wont.

I dont trade them. I just use the chart of USD & JPY to see what core-5 is likely to do.
I trade H4, H1 and M15 of core-5 which has more than enough engagements for me.

Good luck


kos
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File Type: ex4 CurrencyTrader_byDon_03-23-12_modified.ex4   44 KB | 871 downloads
John 3:16 - From THIS love no power on earth can me sever.
  • #8,571
  • Jul 13, 2015 2:41am Jul 13, 2015 2:41am
chart examples.
Attached Image(s) (click to enlarge)
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John 3:16 - From THIS love no power on earth can me sever.
  • #8,572
  • Jul 13, 2015 3:52am Jul 13, 2015 3:52am
Quoting Kosomolate
this was done by don Isbelj, I only modified it. settings explained. tradeBasket = True; // leave it true Baskets = these are the names of the posible baskets that can be created; BasketName = just enter the name of the basket you want to create. E.G. AUD MaxBars = how many bars backward should it look Yoffset = use this to stack the names of baskets on the chart, E.G. if you enter 20 then 40, 60 ... Once you place it on the chart. Go to file=> open offline. look for the name, it is always first in the alphabetical order, E.G if you create USD basket...
Kos, is there anyway possible you could send us your source code of Tidane EA? I ask because I forget seller9's EA doesn't have Tidane built in. His new Casino version does have Tidane (Bollinger Bands) but for single pairs as he moved away from the offline charts.

I have a chart with 13 correlated pairs on it. I wanted Tidane EA to trade it to test it out but of course its locked and only trades 5 pairs built in. I was gonna change it to trade my 13 pairs if possible. If not, I'll have to find some other means.

Thanks so much for your help. Its been an eyeopener just studying these offline charts for a while.
  • #8,573
  • Edited 5:23am Jul 13, 2015 4:17am | Edited 5:23am
Attached Image (click to enlarge)
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Looks like 4 hr trend about to change up?
U won't really understand GRACE untill you fully realise you've been GRACED
  • #8,574
  • Jul 13, 2015 5:39am Jul 13, 2015 5:39am
Quoting Kosomolate
this was done by don Isbelj, I only modified it. settings explained. tradeBasket = True; // leave it true Baskets = these are the names of the posible baskets that can be created; BasketName = just enter the name of the basket you want to create. E.G. AUD MaxBars = how many bars backward should it look Yoffset = use this to stack the names of baskets on the chart, E.G. if you enter 20 then 40, 60 ... Once you place it on the chart. Go to file=> open offline. look for the name, it is always first in the alphabetical order, E.G if you create USD basket...
Thanks kos, can we trade opposite pairs with this indicator?.... Could you explain a bit more wich it's the function of the last field "Yoffset"?, because I don't get it...
  • #8,575
  • Jul 13, 2015 5:44am Jul 13, 2015 5:44am
Quoting Pathekiwi
{image} Looks like 4 hr trend about to change up?
Yes, I think Kos waits though until there is a bounce from the Tidane Trend line before entering. Or he may simply enter on a change of the Trend at close of the bar.

Not sure exactly.

Just looking at the chart he posted on the basket opened on 26th June, it appears he waited for that bounce before diving in.
  • #8,576
  • Jul 13, 2015 6:49am Jul 13, 2015 6:49am
Quoting fxtrader08
{quote} Yes, I think Kos waits though until there is a bounce from the Tidane Trend line before entering. Or he may simply enter on a change of the Trend at close of the bar. Not sure exactly. Just looking at the chart he posted on the basket opened on 26th June, it appears he waited for that bounce before diving in.

Hi there,

I think because we trade baskets and lots of pips can be quickly made or lost at a very short time, it will be prudent and wise to Waite very patiently for the good set ups before taking Basket Trades. This is not Single Pairs where you more or less always want to be in a trade most times. With Baskets, you only need good few entries in a whole month to do well. Therefore, it makes sense to wait for the bounce and good clear confirmation that a Trend has changed before entering a Basket Trade. I'd rather do it that way than be inpatient, enter a trade and be deep in the Red.

Just my Two pips worth.

All the best and more Green pips to us all.
Born to rule my Economic World and Make a Difference!
  • #8,577
  • Jul 13, 2015 6:52am Jul 13, 2015 6:52am
Quoting sharemaster2
{quote} Hi there, I think because we trade baskets and lots of pips can be quickly made or lost at a very short time, it will be prudent and wise to Waite very patiently for the good set ups before taking Basket Trades. This is not Single Pairs where you more or less always want to be in a trade most times. With Baskets, you only need good few entries in a whole month to do well. Therefore, it makes sense to wait for the bounce and good clear confirmation that a Trend has changed before entering a Basket Trade. I'd rather do it that way than be...
Thanks Sharemaster. I think thats right, Kos does tend to avoid DD by waiting for the bounce. False alarm on H4 so far.
  • #8,578
  • Jul 13, 2015 8:23am Jul 13, 2015 8:23am
Quoting Pathekiwi
{image} Looks like 4 hr trend about to change up?
hmmmmmm - possibly ANOTHER opportunity to get in on this 4 hr short? I'm watching the 1 hr.
  • #8,579
  • Jul 15, 2015 3:26am Jul 15, 2015 3:26am
core5 h4, show from yesterday trend up, i buy it, anybody with me?
  • #8,580
  • Jul 15, 2015 3:29am Jul 15, 2015 3:29am
i am in too, got one yesterday already and got one basket now as well like 15 min ago.
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