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The seemingly impossible: $25-$500

  • #1,721
  • Dec 28, 2016 3:48am Dec 28, 2016 3:48am
Quoting ST_Fund
{quote} Hi Sharemaster, Thanks for your thoughts, {image}
Ane there is more to study, even if someone managed to have systematic profits we have two next questions.

1. If he has specific set of rules different from the described above? This is not a simple question as he might have an unconscious competence due to long experience, something that is non-transferable ("discrete part of the system")

2. Is this system sound? Number of pips means (sorry) nothing, I found here an example of a system that "gives" several hundred of pips a day, day after day (some kind of a basket trade). For a first sight it is a great system. But looking closer - large DD prevents me to put any serious money there. And there is more - I believe no trader using it live with a large account will stay sane due to amount of stress related to (medium to large) losing positions every day closed for a small profit. It is manageable (through a different MM), but question of stress and unnecessary risk remains. And there is only a tip on an iceberg here..
  • #1,722
  • Dec 28, 2016 4:58am Dec 28, 2016 4:58am
Quoting Fred-IV
{quote} Ane there is more to study, even if someone managed to have systematic profits we have two next questions. 1. If he has specific set of rules different from the described above? This is not a simple question as he might have an unconscious competence due to long experience, something that is non-transferable ("discrete part of the system") 2. Is this system sound? Number of pips means (sorry) nothing, I found here an example of a system that "gives" several hundred of pips a day, day after day (some kind of a basket trade). For a first sight...
Thats my point, Trading Success is Subjective. Look for what works for you and Perfect it for yourself.
Nothing more to add. You the trader should control your risk and not the system.

Just a thought as always.
Born to rule my Economic World and Make a Difference!
  • #1,723
  • Dec 28, 2016 5:51am Dec 28, 2016 5:51am
Quoting sharemaster2
{quote} Thats my point, Trading Success is Subjective. Look for what works for you and Perfect it for yourself. Nothing more to add. You the trader should control your risk and not the system. Just a thought as always.
Yes, nothing to add here.

However someone should have stable profits using this system, if there is none, especially if the author of the thread nas not stable profits (at least demo, over a long period, minimum 6 months, last volatile months included) it is a rather strong indicator that this sys not suitable for live trading.

Personally I would like to study the ideas behind it before trading it live, as all "black box" systems are too dangerous.
  • #1,724
  • Dec 28, 2016 9:57am Dec 28, 2016 9:57am
Dear Opemipo.
Thank you for sharing such valuable information, about baskets.
Baskets are my preferred way of trading forex.
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I have carefully read the thread, and I beg you not to take me wrong.
Also it is possible that my grammar is not correct, my native language is Spanish.

I can see that you use the CheckFX_T101_v1.1.ex4 or FX_T101 indicator to operate the basket, but the basket itself already has the included indicator.
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As you can see in my posts in this forum, I am a user of Basket Trader 4,5,6, and 7, from GVC.
I can not spend much time on the computer since my current job does not allow me to.

GVC has generously provided to this forum the Basket Trader with the indicator already included. I wait until H1, H4 and Day, are in green to buy and red to sell. In automatic and manually it is excellent.
Sometimes you should wait three or five days for a perfect alignment but, I pull the trigger if 4 of them are in green or red.

kind regards.
George.
I have a Dream....
  • #1,725
  • Dec 28, 2016 10:26am Dec 28, 2016 10:26am
Quoting Yanky2016
Dear Opemipo. Thank you for sharing such valuable information, about baskets. Baskets are my preferred way of trading forex. {image} I have carefully read the thread, and I beg you not to take me wrong. Also it is possible that my grammar is not correct, my native language is Spanish. I can see that you use the CheckFX_T101_v1.1.ex4 or FX_T101 indicator to operate the basket, but the basket itself already has the included indicator. {image} As you can see in my posts in this forum, I am a user of Basket Trader 4,5,6, and 7, from GVC. I can not spend...
Yanky, do you have to add any other indicators or run any other scripts to get the layout you have or just attach the Basket Trader EA to the chart? Seems the thread that GVC posted his files in there are quite a few versions of basket EA's going around.
  • #1,726
  • Dec 28, 2016 11:38am Dec 28, 2016 11:38am
EconGrad2015.

On my screen you can see several versions that is because GVC published the mq4 of the V4 and I have made changes in order to try other pairs
But you should only use the updated one, in this case v7.

You do not need indicators or scripts

The Basket Trader is an Expert Advisor.
Copy it to the Expert folder
The latest version is the Basket Trader v7

http://www.forexfactory.com/showthread.php?p=8967553#post8967553
I have a Dream....
  • #1,727
  • Edited 1:23pm Dec 28, 2016 1:09pm | Edited 1:23pm
Quoting Fred-IV
{quote} Yes, nothing to add here. However someone should have stable profits using this system, if there is none, especially if the author of the thread nas not stable profits (at least demo, over a long period, minimum 6 months, last volatile months included) it is a rather strong indicator that this sys not suitable for live trading. Personally I would like to study the ideas behind it before trading it live, as all "black box" systems are too dangerous.
I have taken time to read all your posts in my thread. You sound very very negative.

I hate such people around me. Despite Sharemaster was telling you what is real you keep despising my hard work.

If you are not comfortable with my thread pls go away. I spent all my time to discover what works and I generously gave it out to all in public glare.

But you that did not show us anything on how to trade or starting any thread are putting down all my efforts, all my sleepless hours, all my time I burnt, all the money I used to fuel my generator and the amount of money I spent on data to provide people with what works. It is a pity!!!!!!

I do not want to ban you and pls do not spoil this year for me!

Plssssssssssssss, go away from my thread!!!!!!!!

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,728
  • Dec 28, 2016 1:18pm Dec 28, 2016 1:18pm
Quoting Yanky2016
Dear Opemipo. Thank you for sharing such valuable information, about baskets. Baskets are my preferred way of trading forex. {image} I have carefully read the thread, and I beg you not to take me wrong. Also it is possible that my grammar is not correct, my native language is Spanish. I can see that you use the CheckFX_T101_v1.1.ex4 or FX_T101 indicator to operate the basket, but the basket itself already has the included indicator. {image} As you can see in my posts in this forum, I am a user of Basket Trader 4,5,6, and 7, from GVC. I can not spend...
Thank you so much! You are the type of person I want on my thread. I ve gone on that EA before, you need to some times to see how it works.

The major problem is exist. You need to decide at what point you want to exit.

Keep it up brother!

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,729
  • Edited 1:45pm Dec 28, 2016 1:20pm | Edited 1:45pm
Dear Opemipo.

Thank you...!
I wish you a very prosperous and GREEN 2017


edited...!
I have a Dream....
  • #1,730
  • Dec 28, 2016 4:21pm Dec 28, 2016 4:21pm
Quoting Yanky2016
EconGrad2015. On my screen you can see several versions that is because GVC published the mq4 of the V4 and I have made changes in order to try other pairs But you should only use the updated one, in this case v7. You do not need indicators or scripts The Basket Trader is an Expert Advisor. Copy it to the Expert folder The latest version is the Basket Trader v7 http://www.forexfactory.com/showthread.php?p=8967553#post8967553
do you only turn the CCI to auto except for the monthly time frame and that's it leaving the others manual?
  • #1,731
  • Dec 28, 2016 8:13pm Dec 28, 2016 8:13pm
As for cci, I've rarely used it.
I have a Dream....
  • #1,732
  • Dec 28, 2016 11:11pm Dec 28, 2016 11:11pm
Quoting Yanky2016
As for cci, I've rarely used it.
Lead us more into how you trade with the ea.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,733
  • Dec 29, 2016 6:53am Dec 29, 2016 6:53am
Quoting Opemipo
{quote} Lead us more into how you trade with the ea. Olufemi
Yes I am curious, I currently only have CCI for 1H set to auto along with the pair counts and then I only have the pair counts set to auto for 4H and daily. I am trying to have it run automatically so I only have to check on it daily and make very little adjustments such as closing a position early.
  • #1,734
  • Edited 8:00am Dec 29, 2016 7:47am | Edited 8:00am
Dear Opemipo and EcoGrad2015

The CCI must be activated at all timeframes, the EA, check all timeframes and according to that the decision to sell or buy.

Attached Image (click to enlarge)
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For example you can activate it in H1, H4, Day, that way the EA will check if it is feasible to sell or buy the basket.

Then for the other options reads this post from GVC, is the best explanation of how to use the EA.

http://www.forexfactory.com/showthread.php?p=8927606#post8927606
I have a Dream....
  • #1,735
  • Dec 29, 2016 8:01am Dec 29, 2016 8:01am
Patience, patience, I'm waiting to sell my JPY
basket
Attached Image (click to enlarge)
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I have a Dream....
  • #1,736
  • Dec 29, 2016 1:17pm Dec 29, 2016 1:17pm
I guess I was more curious as to what you have running as auto vs. manual. I have settings set, but I feel like having CCI on auto for day/4H and 1H is to restrictive, but I coul be wrong. I only use 4H and 1H CCI
  • #1,737
  • Dec 29, 2016 2:49pm Dec 29, 2016 2:49pm
http://www.forexfactory.com/showthread.php?p=8979611#post8979611

Please read this about cci

{quote} Hi, If I set the CCI filter to true and only use that, will your EA trade like Kos' CCI EA? Thanks.


No, it is only a guide that shows if CCI is above or below 0 and does not use the zero cross....














Quoting Reamasesa (http://www.forexfactory.com/showthread.php?p=8979507#post8979507)

{quote} Hi, If I set the CCI filter to true and only use that, will your EA trade like Kos' CCI EA? Thanks.


No, it is only a guide that shows if CCI is above or below 0 and does not use the zero cross....
I have a Dream....
  • #1,738
  • Dec 29, 2016 4:39pm Dec 29, 2016 4:39pm
Quoting Yanky2016
http://www.forexfactory.com/showthread.php?p=8979611#post8979611 Please read this about cci {quote} Hi, If I set the CCI filter to true and only use that, will your EA trade like Kos' CCI EA? Thanks. No, it is only a guide that shows if CCI is above or below 0 and does not use the zero cross.... Quoting Reamasesa (http://www.forexfactory.com/showthread.php?p=8979507#post8979507) {quote} Hi, If I set the CCI filter to true and only use that, will your EA trade like Kos' CCI EA? Thanks. No, it is only a guide that shows if CCI...
I had read the thread and I know what the CCI indicator stands for in the EA, but I am more curious as to what your setting are for the EA... and how you have been using it.
  • #1,739
  • Dec 29, 2016 9:37pm Dec 29, 2016 9:37pm
Quoting EconGrad2015
{quote} I had read the thread and I know what the CCI indicator stands for in the EA, but I am more curious as to what your setting are for the EA... and how you have been using it.
Ok, I will share my secret...!

This is my full Auto set up, you have to wait, wait and wait, the EA will take care when all the conditions are meet

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................................................................
but Im a little impatient, I change the pairs in Basket Trader V4 mq4 file, and I have 3 baskets very profitables
GBP pairs
EUR pairs
and JPY pairs
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at the moment pull the trigger in JPY basket...The basket trader V4, is manual only
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I have tried unsuccessfully to contact GVC, to obtain the mq4 of the Basket Trader V5 or V7, since they have auto function, and add them trail stop, it would be great, awesome...!

My dreamed Basket Trader from GVC,
Should include these options
Attached Image (click to enlarge)
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I have a Dream....
  • #1,740
  • Dec 29, 2016 9:53pm Dec 29, 2016 9:53pm
Quoting Yanky2016
{quote} Ok, I will share my secret...! This is my full Auto set up, you have to wait, wait and wait, the EA will take care when all the conditions are meet {image} ................................................................ but Im a little impatient, I change the pairs in Basket Trader V4 mq4 file, and I have 3 baskets very profitables GBP pairs EUR pairs and JPY pairs {image} at the moment pull the trigger in JPY basket...The basket trader V4, is manual only {image} I have tried unsuccessfully to contact GVC, to obtain the mq4 of the Basket...
I love your spirit.

Keep it up brother!

How do u exit and your trailing stop setting from the ea?

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
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