I can calculate the movement of stars, but not the madness of men. Isaac N.
CCFp weekly signals (set and forget basket trading)
Hi Jenbols,
My Understanding of the purpose of the virtual basket is that you can wait for a basket value move prior to opening a real basket. So if at trigger time, yes we go for strongest pairs, but a time based entry might not offer us the most ideal entry price, therefore we would like to see some pullback, so by setting it to -300 pips we are waiting for a pullback of 300 pips to occur in a lower time frame (the current one trading) with the hopes that the strength the bigger time frame (weekly currency strength signal) will move us in the correct direction. The virtual basket number of pips can be - or + , thereby using this virtual basket technology you are looking to enter the market on a pullback or proven breakout strength move.
This is my understanding of the purpose and use of the virtual basket.
Please correct me if I am mistaken.
My Understanding of the purpose of the virtual basket is that you can wait for a basket value move prior to opening a real basket. So if at trigger time, yes we go for strongest pairs, but a time based entry might not offer us the most ideal entry price, therefore we would like to see some pullback, so by setting it to -300 pips we are waiting for a pullback of 300 pips to occur in a lower time frame (the current one trading) with the hopes that the strength the bigger time frame (weekly currency strength signal) will move us in the correct direction. The virtual basket number of pips can be - or + , thereby using this virtual basket technology you are looking to enter the market on a pullback or proven breakout strength move.
This is my understanding of the purpose and use of the virtual basket.
Please correct me if I am mistaken.
{quote} I and thank you for your explanation , yes its good to know and have have a good feeling of what every single pair is doing, that is the reason why i often use a screen shot to know how things went in the past and from the past determine a better future but that is another story .... there are just not enough good coded indicators that i know of, for P/L Baskets in the form of lines/histogram/candles whatever .... the problem for me does not appear yet on chart ,,, but will wait Monday and will check again _-=-=-=--= {quote} Husky...
Keeping It Gangsta
- #5,143
- May 20, 2017 4:55pm May 20, 2017 4:55pm
- Joined Nov 2016 | Status: Getting there, but not just yet | 2,430 Posts
Hi Jenbols, My Understanding of the purpose of the virtual basket is that you can wait for a basket value move prior to opening a real basket. So if at trigger time, yes we go for strongest p....{quote}
why shall i open a virtual Basket and await for it to be triggered at a certain point i Time ?
and after a few pips which are the same Pip-levels i have set up in the EA.. ...
In that way i might miss the initial pips, by the time the Real Basket is opened ...
But as you are rightly saying, the trigger of certain pips it is useful and we are trading the strongest pairs_
Also i have seen other uses of the Virtual Basket which can help it to make a nice feature, though i don't know yet if i am likely to use it very often_
About the retrace it is difficult to determine it when multi pairs are involved but somehow i am able to watch what bad pairs i need to get rid of .. and as usual i might be wrong ...
You see the way i see all this, is that even if i was to win every day by having 500 pips and then found out that 2 pairs were "deeply at a loss" and i didnt do anything about it in terms of Exiting once certain levels were crossed etc .. (not exiting cos we dont like losing pips)
i'd still feel mentally like a loser, because the real Game here for me it is about having a strategy and following it and my strategy involves of getting rid of the rotten apples on time before they get worse.. but that's another story ..
Thanx for your input Chaos
The arriving better than the arrival, the journey has just started
- #5,144
- May 20, 2017 5:18pm May 20, 2017 5:18pm
- Joined May 2014 | Status: Trader | 4,735 Posts
Take what you can, give nothing back
- #5,149
- May 20, 2017 8:39pm May 20, 2017 8:39pm
- Joined Jul 2011 | Status: Gold Again | 10,557 Posts
{quote} On opening post.
It takes a lot for me to IGNORE you, but you can try.
- #5,150
- May 21, 2017 12:55am May 21, 2017 12:55am
- Joined Nov 2008 | Status: Trader | 4,830 Posts
Our AWESOME IMAGINATION is the true holy grail!
- #5,151
- May 21, 2017 12:59am May 21, 2017 12:59am
- Joined Nov 2008 | Status: Trader | 4,830 Posts
Our AWESOME IMAGINATION is the true holy grail!
- #5,153
- May 21, 2017 2:40am May 21, 2017 2:40am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
{quote} ... I need a consensus. I am incorporating an ATR input that will get the ATR of each open trade and combine it to form the stop loss of the basket. This addition includes an input where you set the SL to TP ratio. This is not TP to SL but the other way around. So if you set the SL_to_TP ratio to say 2 you are looking at a TP of 1 with an SL of 2. Now to the requester this makes sense, but I would like to know if is ok with you guys. I can just see all the questions that this one is going to generate LOL. "Mr Jess!! I set my ratio to 4 and,...
Maybe with somewhat like this type of options.
thanks
kindest regards,
v2v
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #5,154
- May 21, 2017 3:29am May 21, 2017 3:29am
Hit the red close button[...] , account is in my Trade Explorer so you can check trade when it updates D1 + W1 at Level 2, True False Ma 5 & 12 thanks jenbols{image}
It's very helpful to understand and learn the logical.
- #5,157
- May 21, 2017 4:14am May 21, 2017 4:14am
- Joined Jun 2012 | Status: Trader | 1,281 Posts
{quote} Hi Folks: This above quote is from the post that has the original idea for use of a virtual basket. The only real difference at this point is that now you can program the EA to also use a negative DD to trigger the real basket. I can understand how all have created "new" uses for the vbasket, nothing wrong with that after all it's just your awesome imaginations at work. About the only thing I will offer is more control of the vbasket. In the new release there is more control to the vbasket. You will be able to turn it off and on whenever...
very well, xmess, I would be very happy to have such an option, SL/TP ratio is okay, if setting it to 0.5 one gets two times TP to SL when understanding you right?Nice weekend, jdva
I never lose - either I win or I learn...