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trader101 replied May 1, 2008You are right sometimes there are stuff in our basket that will not become valuable then we our program will drop it and pick up the opposite of it (the hedging) and eventually drop it and keep the opposite.
Simplicity is the Key
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trader101 replied May 1, 2008In conclusion... I am very postitive that Delight and Ultimate in weekly basis will always be a winner. I could not imagine that we will lose even week, because if we loss it means there is a great imbalance in the currencies and that should never ...
Simplicity is the Key
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trader101 replied May 1, 2008The program we have is simple basket trading system buy in bulk because it is cheaper and store it at home when the time come one by one the item in your basket becomes valuable then you sell them accordingly. This is my explanation in a nutshell.
Simplicity is the Key
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trader101 replied May 1, 2008A procedure that everybody was saying it is tedious and no future in that endeavor.. turns out to be the real gold.. that is the problem after the advent of computer, nobody likes to this by hand now. Anything that cannot be done by computer we ...
Simplicity is the Key
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trader101 replied May 1, 2008But if you are an old school like me, you will do it by hand because the program cannot do it. And to your surprise not a single week that you are a loser.
Simplicity is the Key
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trader101 replied May 1, 2008Your conclusion .. no good. because you back test this currency by currency because that is the capability of the mT4 platform, what you did realize that if their a way that you backtest all 13 currencies at one time it will be a big winner. In ...
Simplicity is the Key
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trader101 replied May 1, 2008Now if you are programmer you will try to code this because you are lazy to do it manually and then the excuse that i dont want to miss any trade. You will backtest this and the results is not good.
Simplicity is the Key
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trader101 replied May 1, 2008Now try this select an indicator that is less lagging make this indicator as your measuring stick to either buy or sell exactly how you define you trading and gradually trades you 13 currency as they reached you guidelines to trade. and put a tp ...
Simplicity is the Key
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trader101 replied May 1, 2008If there is new big news coming a few hours before that the market sentiments or the trend is the perception of many. I normally go with them. If it so happend that the report com out different just stay put it will normally back againafter a few ...
Simplicity is the Key
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trader101 replied May 1, 2008At one time the ccy pair are in thier normal movement they are ranging then all of a sudden one will break way, there are more demand in that particuar currency. Meaning there are more volume in that currency willl consequently reuce the volume on ...
Simplicity is the Key
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trader101 replied May 1, 2008the clincer is that take any normal indicator say RSI or stochastic apply it to 13 ccy pair and say make your asssumption that of the stoch is above 20 pointing up i will buy or stoch pointing down below 80 i will sell. If you do your trading in ...
Simplicity is the Key
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trader101 replied May 1, 2008The is this one indicator that help me understand the relationship among currencies, it is called Multi Trend indicator, you can google it and download and you can study it. I portrays the relation ship of USD to all currencies and they are all ...
Simplicity is the Key
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trader101 replied May 1, 2008so when i started trading i came to that idea that buying all this ccy pair in basket could be cheaper and would be easier to make profit. So i started making some calculation and testing and trying it manually. First i try to used diff indicators ...
Simplicity is the Key
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trader101 replied May 1, 2008It all started because i love buying used car which we repair and make nice and then sell for a profit. Initally i used to buy one or two used car at the auction here in NY and the bring to our shop for repair. I notice that buying once car at a ...
Simplicity is the Key
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trader101 replied May 1, 2008Hello, I will be giving you the basic principle of my basket trading theory, which i think some of you will not believe and some may even frown at me. Again this just a theory.
Simplicity is the Key
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trader101 replied May 1, 2008Have you seen the AUD retail sales report, i thought we nailed it. No we are hedge our audj is buy and au is sell, they are hedge. We will lots and gain nothing
Simplicity is the Key
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trader101 replied May 1, 2008At around 10:30 tonight i will give a small lecture on my theory of basket tradingso if you can hang around, right now im a little busy so ill se you at 10:30PM NYTime.
Simplicity is the Key
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trader101 replied May 1, 2008So far this week has been good to us, Tommorrow i think we could get afew more hundred pips because of the non farm payroll. Our EA like the news, it is different than other EA that they want you to close during news time. Ours is good for all ...
Simplicity is the Key
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trader101 replied May 1, 2008RS & MPP suggestion to suspend trading during the London Close (Time when volatility drops) is a good suggestions. You could actually unclik the allow live trading for a certain pair that you want to suspend with it losing the knowledge base. And ...
Simplicity is the Key
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trader101 replied May 1, 2008Thanks, the more the better. I fyou are goind to test the EA, please do it at the beginning of the week not in the middle of the week. Here: how it works: At the opening of the EA it gathers data of the current week (reason why he encurs losses at ...
Simplicity is the Key