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Basket Trading EA

  • #10,521
  • Jul 25, 2015 10:21am Jul 25, 2015 10:21am
Quoting Dutchpips
{quote} 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
your not far off...all clues by sam was given.use whats between your ears.what are we trading? If one up ...other?Split 1 split2 ???What is sams picture showing you?Sam already said what he mainly trades and if you look in his slit lists he shows you
  • #10,522
  • Jul 25, 2015 10:36am Jul 25, 2015 10:36am
Quoting bose3
{quote} Seller9, Thanks for your response. Did my approach for trade setup looked right or I overlooked something which resulted in a stop loss? Fez
Your second screen shot looks different than the setup in your first screen shot, is this a different trade?

The setup in your first screen shot looks OK, I may have only went for a long trade and deleted the bottom BO line and moved the top BO line in tighter as it looks like it has formed a flag pattern, then added a TP and SL line or wait until it was into a trade and then add them and move them as the trade progressed, but a look at a higher time frame or two would have helped in seeing which direction it may want to go.
  • #10,523
  • Jul 25, 2015 10:57am Jul 25, 2015 10:57am
Quoting fxtrader08
{quote} 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...
Below is a screen shot of where I am at so far with the test PO plugin, you can see from the settings what it will do so far, it has a few weeks of testing and building before it is ready for release.

If anyone has any constructive input as to how to make it better and KIS it please post away.

Also the next version of Casino will have a Plugin TP setting just like the TSL setting so it can get TP targets from the Plugin just like the TSL sends signals back to Casino now for SL signals from a plugin.
The next Casino will also have individual time settings for each pair that you can set each individual pair to trade at its best time, these will have a new "Auto" button that when selected will turn on and off the pair button for its own trading time zone.
Some pairs are best traded in different sessions, and this may help do that rather than using the master trading session now available, or it may at least add more confusion.

Just remember, this forum is all about a team effort to reach our end goal.
Pick and choose the ideas you like and ignore the ones you don't like, but lets not get nasty, and most of all lets see some more posts from the silent crowd of watchers, and don't be harsh with those that do post just because they may force you to do a little thinking on your own.

Everyone have a great weekend.

Attached Image (click to enlarge)
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  • #10,524
  • Jul 25, 2015 11:19am Jul 25, 2015 11:19am
Quoting seller9
{quote} Below is a screen shot of where I am at so far with the test PO plugin, you can see from the settings what it will do so far, it has a few weeks of testing and building before it is ready for release. If anyone has any constructive input as to how to make it better and KIS it please post away. Also the next version of Casino will have a Plugin TP setting just like the TSL setting so it can get TP targets from the Plugin just like the TSL sends signals back to Casino now for SL signals from a plugin. The next Casino will also have individual...
Hi Seller,

It looks like a great tool for Demark TL trading. Can you add the possibility to switch between BO and PO like with Basket Trader? PO is more suitable for trading the news imo.

I'm still busy testing Slots but the results are not consistent yet. Too many possible flavours . I'm also still using Basket Trader together with the Magic Ball option and that is still profitable for me.

Thank you for all your great work and sharing!

-Popko-
  • #10,525
  • Jul 25, 2015 12:03pm Jul 25, 2015 12:03pm
hey popko

can you give any tips as to your magic-8 / basket trader setup? would be appreciated

thanks


Quoting popko
{quote} Hi Seller, It looks like a great tool for Demark TL trading. Can you add the possibility to switch between BO and PO like with Basket Trader? PO is more suitable for trading the news imo. I'm still busy testing Slots but the results are not consistent yet. Too many possible flavours . I'm also still using Basket Trader together with the Magic Ball option and that is still profitable for me. Thank you for all your great work and sharing! -Popko-
  • #10,526
  • Jul 25, 2015 12:15pm Jul 25, 2015 12:15pm
Quoting blamshakk
hey popko can you give any tips as to your magic-8 / basket trader setup? would be appreciated thanks {quote}
Hi Blamshakk,

My strategy is as follows:
Before LO I check if there is a Magic 8 Ball on the 1h, 4h, or daily. I create the basket and the offline chart. I set the BO lines and wait till the trade takes of.

I use the SupDem indicator to determine the TP.


-Popko-
  • #10,527
  • Jul 26, 2015 6:43am Jul 26, 2015 6:43am
please can some one direct me to the post where i can get
the current ea and instruction. iwant be part of this
  • #10,528
  • Jul 26, 2015 8:11am Jul 26, 2015 8:11am
Quoting wash
please can some one direct me to the post where i can get the current ea and instruction. iwant be part of this
Did you read post number 1 even once?
  • #10,529
  • Jul 26, 2015 9:10am Jul 26, 2015 9:10am
thanks. can i ask how long before london open you check usually? also some screenshots showing how you place your breakout lines woukld be greatly appreciated

Quoting popko
{quote} Hi Blamshakk, My strategy is as follows: Before LO I check if there is a Magic 8 Ball on the 1h, 4h, or daily. I create the basket and the offline chart. I set the BO lines and wait till the trade takes of. I use the SupDem indicator to determine the TP. -Popko-
  • #10,530
  • Jul 26, 2015 4:21pm Jul 26, 2015 4:21pm
Major news events.

My CORE / CROSSES split for the upcoming week.

SPLIT 1:

  1. EURNZD
  2. USDCHF
  3. NZDJPY
  4. EURJPY
  5. USDCAD
  6. NZDUSD
  7. EURUSD
  8. GBPAUD
  9. NZDCHF
  10. EURCHF
  11. NZDCAD
  12. EURGBP
  13. EURAUD

SPLIT 2:

 

  1. CADCHF
  2. GBPCAD
  3. GBPCHF
  4. USDJPY
  5. GBPUSD
  6. CADJPY
  7. GBPJPY
  8. AUDCAD
  9. AUDCHF
  10. GBPNZD
  11. AUDUSD
  12. AUDJPY
  13. AUDNZD

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Trading is Methodical - Markets are Emotional
  • #10,531
  • Jul 26, 2015 5:12pm Jul 26, 2015 5:12pm
Quoting Smknyc
Major news events. My CORE / CROSSES split for the upcoming week. SPLIT 1: EURNZD USDCHF NZDJPY EURJPY USDCAD NZDUSD EURUSD GBPAUD NZDCHF EURCHF NZDCAD EURGBP EURAUD SPLIT 2: CADCHF GBPCAD GBPCHF USDJPY GBPUSD CADJPY GBPJPY AUDCAD AUDCHF GBPNZD AUDUSD AUDJPY AUDNZD {image}

Hi Sam, thank you for the s[lit.

Just for my understanding, what would make the Swissy stronger than the Greenbacks this week and yet the Single currency and the dollar pair are on the same group?

Regards
  • #10,532
  • Jul 26, 2015 9:54pm Jul 26, 2015 9:54pm
Quoting Smknyc
Major news events. My CORE / CROSSES split for the upcoming week. SPLIT 1: EURNZD USDCHF NZDJPY EURJPY USDCAD NZDUSD EURUSD GBPAUD NZDCHF EURCHF NZDCAD EURGBP EURAUD SPLIT 2: CADCHF GBPCAD GBPCHF USDJPY GBPUSD CADJPY GBPJPY AUDCAD AUDCHF GBPNZD AUDUSD AUDJPY AUDNZD {image}
Smknyc,

Does my EUR setup look good for 7/27/15 (assuming no significant price change between now and London open)? The screenshot is as of 4am GMT.

Fez
Attached Image (click to enlarge)
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  • #10,533
  • Jul 27, 2015 4:47am Jul 27, 2015 4:47am
Quoting Smknyc
Major news events. My CORE / CROSSES split for the upcoming week. SPLIT 1: EURNZD USDCHF NZDJPY EURJPY USDCAD NZDUSD EURUSD GBPAUD NZDCHF EURCHF NZDCAD EURGBP EURAUD SPLIT 2: CADCHF GBPCAD GBPCHF USDJPY GBPUSD CADJPY GBPJPY AUDCAD AUDCHF GBPNZD AUDUSD AUDJPY AUDNZD {image}
Hi Smknyc,

Sorry for bothering you with my questions! I did not read all the stuff between your first answer till now. I saw a lot explained through others! Thank you guys! I got it now!

Great input from you! Will follow!

Quoting devontrader
{quote} your not far off...all clues by sam was given.use whats between your ears.what are we trading? If one up ...other?Split 1 split2 ???What is sams picture showing you?Sam already said what he mainly trades and if you look in his slit lists he shows you
He man, thanks! I got it!
  • #10,534
  • Jul 27, 2015 7:32am Jul 27, 2015 7:32am
Forgot to upload this last night. Will get to your questions little later.
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Trading is Methodical - Markets are Emotional
  • #10,535
  • Jul 27, 2015 8:50am Jul 27, 2015 8:50am
3 nice trades last night using break out lines.

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  • #10,536
  • Jul 27, 2015 8:51am Jul 27, 2015 8:51am
Quoting bose3
{quote} Smknyc, Does my EUR setup look good for 7/27/15 (assuming no significant price change between now and London open)? The screenshot is as of 4am GMT. Fez {image}
Hiya Fez,

I have no idea what I am looking at, this might help.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR LAYOUT.PNG Size: 73 KB
Trading is Methodical - Markets are Emotional
  • #10,537
  • Jul 27, 2015 8:53am Jul 27, 2015 8:53am
Quoting seller9
3 nice trades last night using break out lines. {image} {image} {image}
Awesome indeed keep ringing that register, don't you just love when trade plans come together. Cheers
Trading is Methodical - Markets are Emotional
  • #10,538
  • Jul 27, 2015 8:55am Jul 27, 2015 8:55am
Quoting seller9
3 nice trades last night using break out lines. {image} {image} {image} {image}
Seller9 - cheers for that. Its shaping up nicely.
  • #10,539
  • Jul 27, 2015 9:15am Jul 27, 2015 9:15am
Quoting seller9
3 nice trades last night using break out lines. {image} {image} {image} {image}
Great trades Seller! I can't wait to help test that plugin!

I know there has been some discussion on how to create those trend/breakout lines, so I'm attaching a few PDFs on the demark trend lines which have been mentioned here. There's obviously several ways, but this author uses the 4 hour. He also goes into detail on how to figure TP and SL.
Attached File(s)
File Type: pdf Tom Demark Price Pojection 03.pdf   581 KB | 419 downloads
File Type: pdf Tom Demark Price Pojection 02.pdf   445 KB | 429 downloads
File Type: pdf Tom Demark Price Pojection 01.pdf   1.1 MB | 614 downloads
  • #10,540
  • Jul 27, 2015 1:54pm Jul 27, 2015 1:54pm
Quoting seller9
3 nice trades last night using break out lines. {image} {image} {image} {image}
Hi Seller,
When are you going to share new Casino v32?
Regards
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