Basket Trading EA | Page 526 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading 8 Forex Pairs - Fully Automatic - Basket Trading 7 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Currency Basket and Carry Trading 51 replies

Attachments: Basket Trading EA
Exit Attachments

Basket Trading EA

  • #10,501
  • Jul 23, 2015 3:18pm Jul 23, 2015 3:18pm
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...
to be honest i dont even think you look any charts, you sounded smarter lol

so why bother teaching/showing others things you dont use
  • #10,502
  • Edited 6:06pm Jul 23, 2015 5:40pm | Edited 6:06pm
Step out of your comfort zone.

Commodity currencies, which 3 countries are rich in natural resources?
Canada, Australia, New Zealand.

Rule of thumb, you should focus on the trend in commodity prices to determine whether the currencies of Canada, Australia and New Zealand are likely to rise or fall in the near future.

USD / CAD
COUNTER - BASE. Is the short term correction over? Levels to watch 1.3085 / 1.3015

LOOK LEFT you don't need lagging indicator to show you the big picture.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_1332.JPG Size: 170 KB
Click to Enlarge Name: IMG_1333.JPG Size: 156 KB
Click to Enlarge Name: tomorrow news.PNG Size: 23 KB
Trading is Methodical - Markets are Emotional
  • #10,503
  • Jul 23, 2015 5:59pm Jul 23, 2015 5:59pm
Core 7 H4

GBPUSD is done

Attached Image (click to enlarge)
Click to Enlarge Name: Core 7.jpg Size: 240 KB
  • #10,504
  • Edited 6:23pm Jul 23, 2015 6:11pm | Edited 6:23pm
Quoting seller9
Core 7 H4 GBPUSD is done {image}
GBPUSD I will be interested to go short this pair when the price stabilizes below 1.5452 until then I will not touch it. CA$H is KING. 1.5505 has not breached yet showing good support, the price could regain momentum to the upside. ICBW
Trading is Methodical - Markets are Emotional
  • #10,505
  • Edited 7:02pm Jul 23, 2015 6:48pm | Edited 7:02pm
Quoting Smknyc
Step out of your comfort zone. Commodity currencies, which 3 countries are rich in natural resources? Canada, Australia, New Zealand. Rule of thumb, you should focus on the trend in commodity prices to determine whether the currencies of Canada, Australia and New Zealand are likely to rise or fall in the near future. USD / CAD COUNTER - BASE. Is the short term correction over? Levels to watch 1.3085 / 1.3015 LOOK LEFT you don't need lagging indicator to show you the big picture. {image} {image} {image}
Commodity currencies are getting stronger it appears. Look at them aligning in this list. Does this make sense? Kind of as if we look at Oil for example, it looks to be bouncing off support. I'm not experienced enough to say for sure. I couldnt see CAD being that strong on USDCAD but when I went and looked at all of the CAD pairs, they all look about to blow through the downward trend line signalling that CAD is getting stronger. Then I see your message here and look at NZD and see its also getting stronger thus far in the day.

Oil chart also attached. I reckon 50 bucks might be a phychological support for oil near term. We got rejected at support on the daily.

Also take note of CHF - money seems to be flowing out of the safehaven.
Attached Images
  • #10,506
  • Jul 23, 2015 6:54pm Jul 23, 2015 6:54pm
Quoting seller9
{quote} 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...
Seller9 - Can you please point me in the direction of the plugin Casino_KaChing, the breakout lines indicator??

I cant find it in the zip file in post 1.
  • #10,507
  • Jul 23, 2015 8:35pm Jul 23, 2015 8:35pm
Smknyc/Seller9,

Here is my setup for July 24 trading day, assuming no significant price changes between now (2am GMT) and until London Open. Let me know if it's good or I am overlooking something.

1 - Look for FX high volatility news event (see attachment)
2 - Look for EUR/USD breakout on H4 (see attachment)
3 - Buy/Sell EUR index based on breakout lines (see attachment)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 4 KB
Click to Enlarge Name: MetaTrader - Pepperstone.png Size: 207 KB
Click to Enlarge Name: Image1.png Size: 48 KB
  • #10,508
  • Jul 23, 2015 8:59pm Jul 23, 2015 8:59pm
Quoting fxtrader08
{quote} Seller9 - Can you please point me in the direction of the plugin Casino_KaChing, the breakout lines indicator?? I cant find it in the zip file in post 1.
Sorry, my fault, its the Bandit one in the zip file.
  • #10,509
  • Jul 23, 2015 9:04pm Jul 23, 2015 9:04pm
Quoting Smknyc
{quote} GBPUSD I will be interested to go short this pair when the price stabilizes below 1.5452 until then I will not touch it. CA$H is KING. 1.5505 has not breached yet showing good support, the price could regain momentum to the upside. ICBW
I am watching it, its on my radar.
Possible TPs are set but will be changed if a trade is taken.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 93 KB
  • #10,510
  • Jul 23, 2015 9:09pm Jul 23, 2015 9:09pm
I did take a trade on USDCHF for testing purposes, will see what happens.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.jpg Size: 116 KB
  • #10,511
  • Jul 23, 2015 10:04pm Jul 23, 2015 10:04pm
Quoting seller9
I did take a trade on USDCHF for testing purposes, will see what happens. {image}
The Bandit plugin doesnt look the same as whats on your screen. Are you creating a new trend line breakout indicator to have as a plugin? That will be amazing.
  • #10,512
  • Jul 23, 2015 11:06pm Jul 23, 2015 11:06pm
Quoting fxtrader08
{quote} The Bandit plugin doesnt look the same as whats on your screen. Are you creating a new trend line breakout indicator to have as a plugin? That will be amazing.
Bandit is an EA and you have to place the trend lines where you want them.

Whats on the screen is something that's in the works that I am working on and doing some testing on at the present time.
  • #10,513
  • Jul 23, 2015 11:19pm Jul 23, 2015 11:19pm
Missed this one as I was not up and running when it broke out.

Attached Image (click to enlarge)
Click to Enlarge Name: Missed.jpg Size: 87 KB
  • #10,514
  • Jul 24, 2015 10:02am Jul 24, 2015 10:02am
Day 4 update
Day 5 done for the week. KA-CHING
Attached Image(s) (click to enlarge)
Click to Enlarge Name: IMG_1336.JPG Size: 96 KB
Click to Enlarge Name: IMG_1337.JPG Size: 94 KB
Trading is Methodical - Markets are Emotional
  • #10,515
  • Jul 24, 2015 12:31pm Jul 24, 2015 12:31pm
Quoting seller9
Missed this one as I was not up and running when it broke out. {image}
I think on the right TF, this could be a very profitable strategy if applied across multiple pairs. Even if your going for a 10 pip target on a break on M15.

I can't wait till your ready to release this.

Thanks very much Seller9 for the continued innovation and your ability to help those without spoon feeding everything but presenting information in a clear format and also explaining what your presenting to us allowing us to go off and do our own research. You seem to understand the true and intended nature of the ForexFactory forum!
  • #10,516
  • Jul 24, 2015 4:04pm Jul 24, 2015 4:04pm
Quoting Smknyc
This should cover most asked PM question Week ahead! 1. Let's start with major news events. 2. Core pairs layout (base / counter) 3. Cross pairs layout example 4. My splits for the upcoming week (split 1 / split 2) CORE PAIRS IN BOLD Split 1: AUDCHF - CHFJPY - AUDJPY - AUDCAD - EURNZD - USDCHF - GBPUSD - USDJPY - USDCAD - AUDNZD - GBPAUD - GBPCHF - GBPJPY - GBPCAD - GBPNZD Split 2: EURCAD - CADJPY - EURJPY - CADCHF - EURCHF - EURAUD - AUDUSD - NZDCAD - NZDJPY - NZDCHF - EURUSD - NZDUSD - EURGBP PLAN YOUR TRADES - TRADE YOUR PLAN {image} {image}...
Hello Smknyc,

A while ago I asked you to tell something more about your trading system. Thanks for sharing but it is still a little bit vague. Hope you can answer my question:

1. What do you mean with Core pairs layout (base / counter)?

2.What is the difference between split 1 / split 2 ??

3. Do you trade on the breakout of the trendlines?

Already thanks for your answer
  • #10,517
  • Jul 24, 2015 4:51pm Jul 24, 2015 4:51pm
Quoting seller9
I did take a trade on USDCHF for testing purposes, will see what happens. {image}
Seller9 - Does your new BO indicator auto set the SL and TP targets based on the white dots created by the Demark indicator? The white dots I believe are to be used as support/resistance. I think the white dots maybe green on your chart. I cannot see clearly.

Add the BBands indicator to the chart and only take a breakout against the previous trend.

If demark breaks out long, only go long if BBBands was previously in a sell trend and opposite for a sell breakout. BBBands would be used as a good filter for false breakouts.

These are not my own ideas. We're just brainstorming here. Anyone else can feel free to join in and try and improve Seller9s systems while he still wants to commit time to this project.
Attached Images
  • #10,518
  • Jul 24, 2015 5:46pm Jul 24, 2015 5:46pm
Quoting bose3
Smknyc/Seller9, Here is my setup for July 24 trading day, assuming no significant price changes between now (2am GMT) and until London Open. Let me know if it's good or I am overlooking something. 1 - Look for FX high volatility news event (see attachment) 2 - Look for EUR/USD breakout on H4 (see attachment) 3 - Buy/Sell EUR index based on breakout lines (see attachment) {image} {image} {image}
SmKnyc,

I was stopped out of Short trade on EUR index (see screenshot below). What did I do wrong here?

Setup mentioned in previous post
http://www.forexfactory.com/showthre...45#post8398045


Fez
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 60 KB
  • #10,519
  • Jul 25, 2015 10:09am Jul 25, 2015 10:09am
Quoting bose3
{quote} SmKnyc, I was stopped out of Short trade on EUR index (see screenshot below). What did I do wrong here? Setup mentioned in previous post http://www.forexfactory.com/showthre...45#post8398045 Fez {image}
From your screen shot it looks like your short trade reversed and hit your HSL.
  • #10,520
  • Jul 25, 2015 10:20am Jul 25, 2015 10:20am
Quoting seller9
{quote} From your screen shot it looks like your short trade reversed and hit your HSL.
Seller9,

Thanks for your response. Did my approach for trade setup looked right or I overlooked something which resulted in a stop loss?

Fez
3 traders viewing now