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Jem's Uber Basket Trading Thread
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=640		 Page 87 of 112
Author:  Xeroforex [ Mon Aug 06, 2012 8:19 am ]
Post subject:  Re: Jem's Uber Basket Trading Thread
daldadalda wrote:Hi... this thread and manual trades add ing s doing Good and great...
one small dought ?. here all people talk about retracement of MA in H4 ?... how to identify those retrace ?... I took the pair's of slope values is +-0.8 in to basket and trigger the shellynow EA ? but when to shoot the EA ??? I read already the manuals. but can't find Abt this ....pls any experts help me to brief. Thanks in advance in any how... I did quite Good n demo account ....
Hi daldadalda,

RTM ;)

If you are using the 4H MA or daily pivot as the trigger. Lets say we have 5 sell pairs from the slope. They have all retracted to above the 4H MA and or Daily pivot. Now 3 of the pairs have gone below the MA or daily pivot so we have 60% of the basket showing a trigger (I'd be happy with that). Confirm the PA of the trades direction on a lower timeframe and launch the basket trade.

To quote the Jemeister from the 1st page of this thread: :!:

3. The Trigger Setup

On the charts that you confirmed RETRACE A look for TRIGGER A. On charts that you confirmed RETRACE B look for TRIGGER B. These triggers are from 10.2 and 10.2a, if you don't understand them then it's time to hit the manuals again.

SHORT PAIRS (below -.8 on daily)

TRIGGER A– Price should bounce from the daily pivot OR cross below the daily pivot
TRIGGER B– Price should move down and touch the 5.1 MA

LONG PAIRS (above .8 on daily)

TRIGGER A– Price should bounce from the daily pivot OR cross above the daily pivot
TRIGGER B– Price should move up and touch the 5.1 MA

NOTE: The Trigger Setup MUST happen on most of your chosen basket pairs before you continue to step 4. Get them synced!

4. Launch The Basket

Your basket pairs have been chosen. The retracement conditions have been met on most of the pairs. You see them triggering one by one. when you see a trigger setup on most of your pairs enter a basket using ShelleyNow

PairsToBuy: input whichever long pairs are in your basket.
PairsToSell: input whichever short pairs are in your basket.
Lot: Lots to trade per pair
AdaptivePipsTakeProfit: amount of pips per pair to multiply to get the total basket TP. e.g; 50 pips x 8 pairs = 400 pips TP.
AdaptivePipsStopLoss: amount of pips per pair to multiply to get the total basket SL. e.g; 50 pips x 8 pairs = 400 pips SL.

After the basket is triggered sit back and watch in glory. You can choose to baby the trade after it's triggered or just let it run.

Cheers...Ted
Author:  MurphyMan [ Mon Aug 06, 2012 2:10 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
Now for a little housekeeping topic for keeping my screen organized, using Jems method.

Anyone know of a indy or script out there which would automatically open charts with open trades onto the screen? I seem to take half my time just opening and closing the durn things.

It would be nice if you could open an indy that would DISPLAYALLOPENTRADES.

Izat possible?

Sam
Author:  will80 [ Mon Aug 06, 2012 2:29 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
Hi Guys, I'm back from some mountaineering last week and launched a basket this evening. hope you are all well and happy!
070812.jpg
Author:  daldadalda [ Mon Aug 06, 2012 3:00 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
Xeroforex wrote:
daldadalda wrote:Hi... this thread and manual trades add ing s doing Good and great...
one small dought ?. here all people talk about retracement of MA in H4 ?... how to identify those retrace ?... I took the pair's of slope values is +-0.8 in to basket and trigger the shellynow EA ? but when to shoot the EA ??? I read already the manuals. but can't find Abt this ....pls any experts help me to brief. Thanks in advance in any how... I did quite Good n demo account ....
Hi daldadalda,

RTM ;)

If you are using the 4H MA or daily pivot as the trigger. Lets say we have 5 sell pairs from the slope. They have all retracted to above the 4H MA and or Daily pivot. Now 3 of the pairs have gone below the MA or daily pivot so we have 60% of the basket showing a trigger (I'd be happy with that). Confirm the PA of the trades direction on a lower timeframe and launch the basket trade.

To quote the Jemeister from the 1st page of this thread: :!:

3. The Trigger Setup

On the charts that you confirmed RETRACE A look for TRIGGER A. On charts that you confirmed RETRACE B look for TRIGGER B. These triggers are from 10.2 and 10.2a, if you don't understand them then it's time to hit the manuals again.

SHORT PAIRS (below -.8 on daily)

TRIGGER A– Price should bounce from the daily pivot OR cross below the daily pivot
TRIGGER B– Price should move down and touch the 5.1 MA

LONG PAIRS (above .8 on daily)

TRIGGER A– Price should bounce from the daily pivot OR cross above the daily pivot
TRIGGER B– Price should move up and touch the 5.1 MA

NOTE: The Trigger Setup MUST happen on most of your chosen basket pairs before you continue to step 4. Get them synced!

4. Launch The Basket

Your basket pairs have been chosen. The retracement conditions have been met on most of the pairs. You see them triggering one by one. when you see a trigger setup on most of your pairs enter a basket using ShelleyNow

PairsToBuy: input whichever long pairs are in your basket.
PairsToSell: input whichever short pairs are in your basket.
Lot: Lots to trade per pair
AdaptivePipsTakeProfit: amount of pips per pair to multiply to get the total basket TP. e.g; 50 pips x 8 pairs = 400 pips TP.
AdaptivePipsStopLoss: amount of pips per pair to multiply to get the total basket SL. e.g; 50 pips x 8 pairs = 400 pips SL.

After the basket is triggered sit back and watch in glory. You can choose to baby the trade after it's triggered or just let it run.

Cheers...Ted





Thanks for ur explanation...... Thanks buddy.
Author:  daldadalda [ Mon Aug 06, 2012 3:01 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
Thainks for ur kind time and explanation buddy.
Author:  garyfritz [ Mon Aug 06, 2012 5:10 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
New basket this morning, seems to be heading OK so far...

I'm focusing on pairs that have the D1 TMA headed in the right direction. I didn't take any trades where the D1 level looked good but it was heading in the wrong direction.
Author:  will80 [ Mon Aug 06, 2012 11:45 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
[quote=I'm focusing on pairs that have the D1 TMA headed in the right direction. I didn't take any trades where the D1 level looked good but it was heading in the wrong direction.[/quote]

Hi Gary I'm confused by your last statement there?

Are you saying you are not following the H4 TMA or charts and only entering on the D1 TMA when it is showing a steady trend?
Author:  garyfritz [ Tue Aug 07, 2012 12:27 am ]
Post subject:  Re: Jem's Uber Basket Trading Thread
Pretty much. I'm looking at the D1 direction more than the D1 level. So e.g. AUDCHF still has a pretty good level but the D1 TMA trend is heading the wrong way. I'd be tempted to short it even though the TMA is positive.

I haven't been using the H4. I may go back to that for more fine-grained timing but for now I'm trying to look just at PA.

Understand I don't have a great track record to back this up :D so don't take my word as gospel! It just looks like the right thing to me. I'm experimenting.
Author:  theforexedge [ Tue Aug 07, 2012 10:46 am ]
Post subject:  Re: Jem's Uber Basket Trading Thread
Add Sunday to Monday Candle

Guy's can someone advise if I should be adding the Sunday to Monday Candle in DWMPivots?

I'm using a FXCM UK Demo account - GMT 0 and currently have it set to false, so the values match NB 10.2 TMA Slope Display. But just want to make sure I'm using the correct Pivot values

Thanks, Jason
Author:  fbs1979 [ Tue Aug 07, 2012 1:54 pm ]
Post subject:  Re: Jem's Uber Basket Trading Thread
Update, my basket went close for breakeven yesterday, still 80 pips profit...
Looking for other setup and testing the EA too. Lot of work ;)
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