Hi Guys,
I decided to open a new threat with this amazing methods that I had learned from the Original Creator T101 and the powerful indicators programmer Orest
I 'm not a coder or programmer but I know how to put all the tools and knowledge to make this system workable.(for myself)
This is my personal Journals to keep track with my daily trade activities
Why do I do this? I just want to be interactive with other traders while I'm trading on daily basis keep me from boring , nothing related to commercial or showing off or any other reason you think of .
But if Anyone interesting in this method , I'm willing to share what I've learn
The method itself is here:
http://www.forexfactory.com/showthread.php?t=107119
Strategy can be found here
http://www.forexfactory.com/showthre...=57375&page=70
I'm more than welcome your opinion or suggestion , comments as well
The purpose of this threat is educating and exchange ideas to make this method more profitable , cuz I wanna learn more from other traders to be more successful in this forex business
I will post my revised method when I have free time
This method required a little experience about forex trading and it's impossible to make profitable EA in the long run due to market condition and each currency behaviors ,so Don't even think about it
Who would n't want to have easy money right???
If there is a real EA out there that can make u money then it's not for sale
This method is the only way to sharpen your skills to trading forex
If you're looking for quick sys like 5mins or less then this is not 4 U
If u don't have patience then , I'm sorry this is not for u
If U don't want to learn to walk before u can run then it's not 4 u
If U can't afford the Risk & Reward then it's not 4 u too
Introduction about this method.
Basket_Trade had been around for a long time, trend trading method and it's for Mid_Term & Long_Term investment...But It's just an idea without the right concept and tools how to make it work in proper way until it revised by Julius (trader_101).
To make long story short , the latest revision is design for short term traders, (Day Trade),less equity and more effectives, as you know trading is boring so we want to be in action every time market makes the moves.
There are 2 ways to trade this method:
Trade A : Basket Trades (Top 10 most profit Pairs) under Normal Market Condition
Trade B : Tandem Pairs (top 4 profit pairs) under ranging market and difficult market condition
Money Management:
Any good system or method can not go without proper money management. right
Stop Loss = 50pips for each pair
For whole basket: 10 x 50 = 500 pips Max
For Tandem Pairs: 4 x 50 = 200 pips Max
OK, How about the Profit ???? User Define how much enough is enough ....
If you have been trading this method for awhile then u know exactly the number of profit
I don't need to say it here
There are a lots of system out there required a lots of preparations + limit orders setup and blablabla
Frustration and not even sure when your order will be fill or not
Unlike that, This system is instant orders and you're in action right way,, no frustration or waiting (Quick-in & Quick -out)
so your money is not floating around the market for long period of time. you ' re in control of your capital always.
Tools: Indicators
All you need is 3 main indicators for signals, anything else just for personal aid or references
But first we have to know how to use each indicator does for your signal
LOOK AT THE SCREENSHOTS BELOW FOR FURTHER DETAILS
Daily Checklist ......... before you can do any trading
1:Get u a cup of coffee
2:Check Orest Indi for any unusual behavior of each currency pair , they don't tend stay that way everyday
3:Check Basket_indi to identify the market trend of the last 4hr til present
4:Check each currency chart to get comparison with Basket_Indicator
5:Take note which pair match & unmatch with Basket_indy (Trade only pairs that match MA + Basket_indy) this is for Tandem
6:All conditions must match before execute the basket (see - Screenshot #4 below)
Simply easy, CAVEMEN CAN DO IT
I hope, I explained the method well, but if u don't get it , u can ask. OK
Templates and indicators Setting Property ???
Open 15 mins Chart and load templates
all pairs on 15mins
do not change any setting on buysellbasket_indicators
FOR PROPER SETTING OF TEMPLATES & INDY ....SEE POST #21
I made a mistake with buysellBasket indy renamed BuySellBasket_Momentum... that's why some of u having problem with the templates..... Redownload the indicator again then you should not have any problem... both of indicators are the same just rename the file
Use this System on demo for a week then give me a feed back or u
can go live if u know what u doing
Yes, this Setup does not Earn You 10,000 pips per week, But 1000pips is EASY....if use it properly... CAVEMEN CAN DO IT....
Happy pips
I 'll post the advance features when we 're all same levels
IF you think you have a better idea or more effective system then go ahead post it . we can analyze it. you don't have to follow mine,
I hope trade_101 and Orest stop by here sometimes to give me the latest ideas and suggestions
Kevin,
I decided to open a new threat with this amazing methods that I had learned from the Original Creator T101 and the powerful indicators programmer Orest
I 'm not a coder or programmer but I know how to put all the tools and knowledge to make this system workable.(for myself)
This is my personal Journals to keep track with my daily trade activities
Why do I do this? I just want to be interactive with other traders while I'm trading on daily basis keep me from boring , nothing related to commercial or showing off or any other reason you think of .
But if Anyone interesting in this method , I'm willing to share what I've learn
The method itself is here:
http://www.forexfactory.com/showthread.php?t=107119
Strategy can be found here
http://www.forexfactory.com/showthre...=57375&page=70
I'm more than welcome your opinion or suggestion , comments as well
The purpose of this threat is educating and exchange ideas to make this method more profitable , cuz I wanna learn more from other traders to be more successful in this forex business
I will post my revised method when I have free time
This method required a little experience about forex trading and it's impossible to make profitable EA in the long run due to market condition and each currency behaviors ,so Don't even think about it
Who would n't want to have easy money right???
If there is a real EA out there that can make u money then it's not for sale
This method is the only way to sharpen your skills to trading forex
If you're looking for quick sys like 5mins or less then this is not 4 U
If u don't have patience then , I'm sorry this is not for u
If U don't want to learn to walk before u can run then it's not 4 u
If U can't afford the Risk & Reward then it's not 4 u too
Introduction about this method.
Basket_Trade had been around for a long time, trend trading method and it's for Mid_Term & Long_Term investment...But It's just an idea without the right concept and tools how to make it work in proper way until it revised by Julius (trader_101).
To make long story short , the latest revision is design for short term traders, (Day Trade),less equity and more effectives, as you know trading is boring so we want to be in action every time market makes the moves.
There are 2 ways to trade this method:
Trade A : Basket Trades (Top 10 most profit Pairs) under Normal Market Condition
Trade B : Tandem Pairs (top 4 profit pairs) under ranging market and difficult market condition
Money Management:
Any good system or method can not go without proper money management. right
Stop Loss = 50pips for each pair
For whole basket: 10 x 50 = 500 pips Max
For Tandem Pairs: 4 x 50 = 200 pips Max
OK, How about the Profit ???? User Define how much enough is enough ....
If you have been trading this method for awhile then u know exactly the number of profit
I don't need to say it here
There are a lots of system out there required a lots of preparations + limit orders setup and blablabla
Frustration and not even sure when your order will be fill or not
Unlike that, This system is instant orders and you're in action right way,, no frustration or waiting (Quick-in & Quick -out)
so your money is not floating around the market for long period of time. you ' re in control of your capital always.
Tools: Indicators
All you need is 3 main indicators for signals, anything else just for personal aid or references
But first we have to know how to use each indicator does for your signal
LOOK AT THE SCREENSHOTS BELOW FOR FURTHER DETAILS
Daily Checklist ......... before you can do any trading
1:Get u a cup of coffee
2:Check Orest Indi for any unusual behavior of each currency pair , they don't tend stay that way everyday
3:Check Basket_indi to identify the market trend of the last 4hr til present
4:Check each currency chart to get comparison with Basket_Indicator
5:Take note which pair match & unmatch with Basket_indy (Trade only pairs that match MA + Basket_indy) this is for Tandem
6:All conditions must match before execute the basket (see - Screenshot #4 below)
Simply easy, CAVEMEN CAN DO IT
I hope, I explained the method well, but if u don't get it , u can ask. OK
Templates and indicators Setting Property ???
Open 15 mins Chart and load templates
all pairs on 15mins
do not change any setting on buysellbasket_indicators
FOR PROPER SETTING OF TEMPLATES & INDY ....SEE POST #21
I made a mistake with buysellBasket indy renamed BuySellBasket_Momentum... that's why some of u having problem with the templates..... Redownload the indicator again then you should not have any problem... both of indicators are the same just rename the file
Use this System on demo for a week then give me a feed back or u
can go live if u know what u doing
Yes, this Setup does not Earn You 10,000 pips per week, But 1000pips is EASY....if use it properly... CAVEMEN CAN DO IT....
Happy pips
I 'll post the advance features when we 're all same levels
IF you think you have a better idea or more effective system then go ahead post it . we can analyze it. you don't have to follow mine,
I hope trade_101 and Orest stop by here sometimes to give me the latest ideas and suggestions
Kevin,
Attached File(s)
basket_indi and buysellbasket template.tpl
4 KB
|
1,321 downloads
pair templates.tpl
8 KB
|
1,236 downloads
BuySellBasketMomentum.mq4
12 KB
|
1,535 downloads
|
Uploaded Nov 30, 2008 12:06pm