Firstly a special BIG thank you to NB for bringing this method to all of our attention. Secondly again a BIG thank you to Baluda and Neotrader for your excellent indicators! Last but not least to everybody for contributing with their own twists on this excellent system for trading baskets.
I would like to throw a different idea into the mix which I thought of on thursday evening. For some time now I have been a BIG fan of offline charts, infact I use them all the time with regards to basket trading, I find them invaluable. My Idea is simply this, instead of monitoring individual charts of the qualifying 'watchlist' of pairs waiting for individual trigers then why not make up 2 offline charts (one for the 'qualifying' buys and one for the sells). You then only have to monitor 2 charts and launch the basket/s ie 'buys' and 'sells' if and when you get the trigger?
To try this out I set up an offline chart of the qualifying 'sell pairs x8' on thursday evening (please see below). I immediatly lanched the basket and by close of trading yesterday I had 7 out of 8 winning trades
. The red vertical line shows where the PA was had you have set up the chart at London open on monday last week. I plan to experiment further with this idea next week and will report my findings if they prove to be successful.One other idea which I will also be playing with in conjunction with the above is this. When I have made up my 2 offline charts of the 'qualifying watchlist pairs' on monday morning I will immediatly 'buy' or 'sell' the pairs in the 2 demo accounts. That way I have a 'visual' take on the 'profit' or 'loss' of the basket as well as the charts to guage my entry point.
I hope the above makes sense,
if not just shout if interested. Good luck to everyone next week!Kevin.
Put it into the indicators folder then open it up in the editor. scroll down the code and you will see a list of case numbers ie 'case 2'. Choose anyone it doesn't matter then simply insert your desired pairs. Make a note of the 'case number' that you changed and then recompile.
All I can say is I have been using it for ages and I find it most useful and accurate enough for me! Perhaps someone with a little more mouse could delve into the indi's inner workings to find out more if it was thought to be beneficial? In simplistic terms you should be looking at an averaged chart based on the pairs imput, well at least that is the way I view it. 
One other thing you need to be aware of is you can only make up one 'set' of offline charts per platform hence the need for 2 demos if the 'watching pairs' contain both 'buys' and 'sells', not sure if I made that clear in my previous posts.