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Basket Trading EA

  • #10,481
  • Jul 23, 2015 7:36am Jul 23, 2015 7:36am
Quoting Smknyc
Day 4 Before breakfast KA- CHING Don't hate the player, hate the game which most of you trying to achieve with short cuts without putting ounce of work. {image}
We dont hate you Sam.....just your posts are obscure. Nobody knows if you whacked on 10 lots, 20 lots, 30 lots on those trades and just made 2 pips or 1 or 10 or 20 pips!

It'd be nice to see a complete basket at start and end time with candles on the chart.

You're deliberately withholding that now.

This I think applies to you LOL

"Give a man a fish and you feed him for a day; teach a man to fish and he'll buy a funny hat. Talk to a hungry man about fish, and you're a consultant."

Your the guy who bought the funny hat and talks to me, the hungry person about fish everyday with your amazing posts of how much profit you made. You dont want to teach any of us to fish. You want to stand on the beach with all the fish laughing at us poor saps trying to make sense of your posts and learn from you.
  • #10,482
  • Jul 23, 2015 8:03am Jul 23, 2015 8:03am
Quoting fxtrader08
{quote} We dont hate you Sam.....just your posts are obscure. Nobody knows if you whacked on 10 lots, 20 lots, 30 lots on those trades and just made 2 pips or 1 or 10 or 20 pips! It'd be nice to see a complete basket at start and end time with candles on the chart. You're deliberately withholding that now. This I think applies to you LOL "Give a man a fish and you feed him for a day; teach a man to fish and he'll buy a funny hat. Talk to a hungry man about fish, and you're a consultant." Your the guy who bought the funny hat and talks to me, the...
Just ignore him. It will be worth while spending your energy on your trading skills. If you look back all of his posts, he vomits this nonsense every now and then, when needs attention. Well if you really go back to some of his old posts, you will find the definition of leech.
  • #10,483
  • Edited 8:33am Jul 23, 2015 8:03am | Edited 8:33am
All you guys do is complain, have you ever looked beyond the lagging indicators? Attempt to understand the timing of the pairs? Why 4/3 core is crucial and plays a big role in the world economy day in and day out?

I'm not here to hold hands, if you can't read between the lines and understand basic economic principles you are in wrong business QUIT your day job and stop whining, ignore my past and future posts all together.

Most of you started out wrong, you're not passionate about trading and its mechanism you guys are attracted to indicators and EA and how fast you can get RICH.

News flash 90% of you will lose 90% of your hard earn money in 90 days with useless gadgets.


News flash price marker is set in advance by liquidity providers. You are gathering second hand information from your broker. Then you take that lagging info feed it to some lagging indicator to predict the outcome 20 hours later.

Have you ever paid attention to any of these below?

GOLD fell below $1,100 an ounce, and it is now down 6 percent over the last 10 sessionsits longest losing streak in more than 10 years.
OIL futures brake above $50
Why $$ is strong
Metals, commodities, agriculture

Don't hate me because you can't do it, most of you are frustrated in search of a HOLY GRAIL even seller can tell you it does not exist.

More pips for me <<<<
Trading is Methodical - Markets are Emotional
  • #10,484
  • Jul 23, 2015 8:19am Jul 23, 2015 8:19am
Quoting Smknyc
All you guys do is complain, have you ever looked beyond the lagging indicators? Attempt to understand the timing of the pairs? Why 4/3 core is crucial and plays a big role in the world economy day in and day out? I'm not here to hold hands, if you can't read between the lines and understand basic economic principles you are in wrong business QUIT your day job and stop whining, ignore my past and future posts all together. Most of you started out wrong, you're not passionate about trading and its mechanism you guys are attracted to indicators and...
So why do you post here everyday? Is this your equivalent of porn at work?
  • #10,485
  • Jul 23, 2015 8:31am Jul 23, 2015 8:31am
Quoting fxtrader08
{quote} so why do you post here everyday? Is this your equivalent of porn at work?
if you have a problem with my post dont read simple as that.
Trading is Methodical - Markets are Emotional
  • #10,486
  • Jul 23, 2015 9:54am Jul 23, 2015 9:54am
OK Guys and Gals, it is time to stop the nonsense and get back to trading and learning.

We all learn something from every post, so lets not run down those that do post.

I see many have downloaded the EAs from the first post but I don't see all those who have taken and have not given back other than a few.

So lets not jump on those who have given back, even if you don't like the way they may express themselves or the way they are making pips.

We are all trying to reach that goal of financial freedom by using Forex, but it is a hard and long learning curve and it takes time, there are no Yellow Brick Roads to follow and no magic fishing poles, only hard work will get you to the magic land of milk and honey.

As I have said in the past, if you are looking for the Holy Grail you are in the wrong forum, there is no such thing, at least not in Forex.

When your light goes on you will realize this and look back and see the wisdom shown in some posts and the foolishness expressed in others.

So grab the good and ignore the bad ideas and one of these days it will all come together for you.

Everyone have a great day and keep an open mind and let the juices flow.
  • #10,487
  • Edited 10:22am Jul 23, 2015 10:02am | Edited 10:22am
Guys

There are two things I've been able to take away from Sams posts which I think I can use later when I've got direction of core pairs nailed. The first is he helps us sort out the cross pairs into two baskets, its not the cross pairs which move the market, its the core pairs as Sam says. We need two baskets because we're sorting the negatively correlated pairs and the positively correlated pairs into two - trading both long would be a big mistake, similarly selling both would be a big mistake. They don't move in the same direction. The second thing is that he absolutely right in saying that PRICE ACTION is better. He doesn't however explain anything about his price action techniques other than his trend lines.

The market is constantly displaying messages about where it wants to go in the form of all those candles. All Sam doing is compounding the fact that he knows with high probability the daily direction across multiple core pairs (the market!) and so he can put all the pairs into two baskets and just push a button in the morning if all looks good and no surprises expected with the news. I think to some degree, he springs into profit fast simply because of the volatility in the morning as his basket was profitable by breakfast and USD unemployment info came out just 1.5 hrs ago when he posted.

I dug around and watched videos on youtube, read articles on the web all about price action and more specifically I've been reading about Demark trend lines, support and resistance and candlestick patterns. My manual trading has improved somewhat since I started to try and read the candles. It's not actually that hard and comes with practice. I was like most people though and scared when someone mentioned price action. The reason we have faith in a flashing indicator is because most of us doubt ourselves because we have no idea what will happen in the future. The secret to removing this is by having clearly defined take profit targets and fixed stop losses on what you want to achieve before you enter the market. I think is what Sam means when he says "PLAN YOUR TRADE, TRADE YOUR PLAN". He could have put it in simpleton terms for me but hey! Its Sam. LOL.

This is just one example of chart reading that worked out for me just yesterday on a single pair and I am going to try and experiment somewhat with the chart reading on all the core 7 pairs as Sam does and if I get time, I will post an analysis of each chart using Demark trendlines as Sam does but also with support and resistance levels. Then I can allocate the core pairs to a buy and a sell basket based on the direction I think each will go. Next step is that I can build up my basket using cross pairs in the splits Sam has kindly given us. I won't go against the list Sam provided because correlation is involved in those baskets so they are unlikely to change much. Sam relies on this magic to get a nice profit each day (compounding through correlated pairs moving in same direction) because he's trading baskets but I don't think he's looking for thousands of pips a day. Probably in the hundreds based on his basket size. I think he works with bigger lots and smaller pip targets but I could say for sure with his trading data which he doesn't want to share.

Anyway, if there are any price action experts that could comment on my reading of the candles, I'd be very grateful. It will really help my understanding and help me improve my trading and MANY MANY MANY MANY OTHERS READING THIS POST.
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  • #10,488
  • Jul 23, 2015 10:07am Jul 23, 2015 10:07am
Quoting seller9
OK Guys and Gals, it is time to stop the nonsense and get back to trading and learning. We all learn something from every post, so lets not run down those that do post. I see many have downloaded the EAs from the first post but I don't see all those who have taken and have not given back other than a few. So lets not jump on those who have given back, even if you don't like the way they may express themselves or the way they are making pips. We are all trying to reach that goal of financial freedom by using Forex, but it is a hard and long learning...
Seller9 - I'm sorry. I think I just posted something interesting about price action here which can help us with baskets. I'd be really grateful for your feedback.

Rod in hand - I am trying to learn to fish myself. Any useful tips would be nice and greatly appreciated.
  • #10,489
  • Edited 10:37am Jul 23, 2015 10:15am | Edited 10:37am
Hi guys and Mr Seller: I try almost every day with new and old settings, but for the mostly I got bad results then I dont like put here bad results: I can say I have work very hard with setting for several months.
I have to say thank you all you guys and specilly to Mr Seller for his great work
crebcreb
nesta
  • #10,490
  • Jul 23, 2015 11:09am Jul 23, 2015 11:09am
Quoting fxtrader08
{quote} Seller9 - I'm sorry. I think I just posted something interesting about price action here which can help us with baskets. I'd be really grateful for your feedback. Rod in hand - I am trying to learn to fish myself. Any useful tips would be nice and greatly appreciated.
The previous post of yours was very nice and informative and is what I like to see and I am sure others can also learn from it or can add their opinions to it, even if they don't agree.

Most of the filters in Casino that are in the main Dash Board are based on Price Action, while the plugins are mostly lagging indicators.
Sometimes a lagging indicator is handy to look at the past and see if a PA idea you had would have worked out, but for seeing the future they are of little use.

The original intention of Casino was to be able to monitor and trade more pairs without having to watch a bunch of open charts 24 hours a day.
Casino_KaChing is a helpful plugin that you can put on each chart and set up your BO and TP lines on and then let Casino do the watching for you.

Within a week or so I will be coming out with the next version of Casino and a new plugin that will use PA only to trade, of course you will still have to use what is between your ears to select the pairs to have Casino trade.

To those of you sending me PM's everyday I am not able to answer all of them as I get tons everyday with the latest and greatest indy that doesn't repaint and can see the future and will make us all a millionaire overnight.

I also get requests to manage other traders accounts, which I will never do, this is a Hobby to me and when it becomes a business it is no longer fun and I will no longer have any interest in it.

So Everyone, lets get the juices flowing again and start making some pips.

I would say, GOOD LUCK TO ALL, but Sam says there is no such thing as LUCK in Forex trading or HOPE it goes your way.

Have a great day.
  • #10,491
  • Jul 23, 2015 11:12am Jul 23, 2015 11:12am
SmKnyc,

So here is the setup from this morning (around 8am GMT). Since GBP has an high volatility event, on GBPUSD, we either go Long at 1.5630 or go Short at 1.5575. In addition, we trade crosses in the same direction as GBPUSD. see screenshots.

FYI - The pairs screenshot was before the event, as I just realized that I should look at the price levels AFTER the news event.

Let me know if my understanding is incorrect.

Fez
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  • #10,492
  • Jul 23, 2015 11:25am Jul 23, 2015 11:25am
I see the previous post already was on the same subject.

90 pips or maybe even more. It only takes one good trade and maybe some news to make the pips.

Just set up Ka Ching BO lines on the trend lines and a TP if you like and let Casino do the rest while you sleep or go to the beach.

Stress free trading.

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  • #10,493
  • Jul 23, 2015 11:28am Jul 23, 2015 11:28am
Quoting seller9
I see the previous post already was on the same subject. 90 pips or maybe even more. It only takes one good trade and maybe some news to make the pips. {image} {image}
I dont know why anyone hasn't mentioned Demark before but trading the trend line breakouts appears to be a very profitable strategy and its just price action too.

Seller9 - When you say price action, do you mean the EA can recognise candle patterns on the different TFs or is it some other strategy being coded?
  • #10,494
  • Edited 12:39pm Jul 23, 2015 11:34am | Edited 12:39pm
Quoting seller9
I see the previous post already was on the same subject. 90 pips or maybe even more. It only takes one good trade and maybe some news to make the pips. Just set up Ka Ching BO lines on the trend lines and a TP if you like and let Casino do the rest while you sleep or go to the beach. Stress free trading. {image} {image}
I think its starting to click why the news is important now......!!! We use it to push us toward the trend line and beyond. Price generally continues in that direction for a while but if you did that on 28 pairs....well, lets see what would happen.

I'll give it a whirl. I'm sorry because I stopped using casino as it delved away from the original idea of opening and selling a basket of currencies at the same time. I liked the original idea best and I love offline charts now which you've helped us achieve. I'd love a USD index offline chart with the USDJPY inverted but I cant find it so I've been using the USD index offered by my broker but that I guess has USDCHF and I dont trade that.
  • #10,495
  • Jul 23, 2015 11:46am Jul 23, 2015 11:46am
Quoting fxtrader08
{quote} I dont know why anyone hasn't mentioned Demark before but trading the trend line breakouts appears to be a very profitable strategy and its just price action too. Seller9 - When you say price action, do you mean the EA can recognise candle patterns on the different TFs or is it some other strategy being coded?
Most of the filters in the Casino DB look at the present PA of the present candle, they don't use previous candles as Casino was intended for trading only a short period of time during the day or just a single session, not to buy and Hold. Casino does not look for specific candle patterns such as a Doji or Shooting Star or etc.

Some have seen posts in the forum that show % gains for the day and wonder where they can get those numbers.
Well, if you look at the DB you will see %inc, this is what the per cent increase has been, either up or down since your Brokers day opened, just remember your Broker day may start at a different time so your %inc may be different from someone else.

The HM is a fast acting strength meter that follows the PA closely, although it can not read the future.
One way to see how any filter follows or relates to PA is to save the readings for a session and then graph them in a spread sheet compared to PA, this function can be turned on in the Casino properties, this information will then be saved to a text file in the files folder of MT4.
  • #10,496
  • Jul 23, 2015 11:54am Jul 23, 2015 11:54am
Quoting fxtrader08
{quote} I think its starting to click why the news is important now......!!! We use it to push us toward the trend line and beyond. Prise generally continues breaching the trend line but if you did that on 28 pairs....well, lets see what would happen. I'll give it a whirl. I'm sorry because I stopped using casino as it delved away from the original idea of opening and selling a basket of currencies at the same time. I liked the original idea best and I love offline charts now which you've helped us achieve. I'd love a really USD offline chart with...
You can trade a group of pairs as a basket if you like with Casino, the nice thing is with Casino you can trade each pair going either long or short.

You can set a basket target or an individual pair target.

The only thing you can't do is create an offline chart of your group of pairs, although the graph gives you a real good idea of what your group or basket is doing.
One thing nice about using the graph is that it lets you see the amount of draw down you had so you can tell if your idea has legs or not and also by watching the MarginLevel graph you are able to see how close to having your account margined out you got, this is very important for those with small accounts trying to trade too many pairs and get rich quick.
  • #10,497
  • Jul 23, 2015 12:51pm Jul 23, 2015 12:51pm
hi seller9,

just to confirm,
once i use either the basket writer 7 or casino v30, i just add those indicators that is part of the zip file onto those 28 currency pairs that the EAs used. is that right?
please let me know. happy trading!
  • #10,498
  • Jul 23, 2015 1:03pm Jul 23, 2015 1:03pm
Quoting rogelio11
hi seller9, just to confirm, once i use either the basket writer 7 or casino v30, i just add those indicators that is part of the zip file onto those 28 currency pairs that the EAs used. is that right? please let me know. happy trading!
No

Please watch the videos.
  • #10,499
  • Jul 23, 2015 1:08pm Jul 23, 2015 1:08pm
For those of who may have missed one of Sam's postings, here is a nice picture of the pairs and how they fit together.

You will notice the Core 7 is at the middle of the Universe.






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I believe that's where the Earth was at one time, or at least the middle of our Solar System until replaced by the Sun, but then maybe some day we will go the way of Pluto and get demoted as bigger and better comes along.

Beam me up Scotty.
  • #10,500
  • Jul 23, 2015 1:40pm Jul 23, 2015 1:40pm
Just thinking out loud while looking at one chart. That kinda looks like a Dragonfly Doji on the daily USDCAD despite it having just crossed the upward trend line. I don't know where we will end up for the day but that upward trend looks exhausted. I think it may go down somewhat so I'd be careful with longs.

As I've said, I'm looking for discussion on these charts because discussion is what generates ideas and gets the brain juices flowing. Everyone come out of their shell and tell me if you agree with my readings on the candles and if not say why not. Thats the only way we can all learn.

I think more people need to contribute to this thread. We've been told a 1000 times to consider PRICE ACTION so lets start to discuss price action. Not Holy Grail settings for Casino.
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