Killed few dragons on the way to 9% return for the week on the Yen basket. Touched by their fire but got away in one piece.

Basket Robots

To clear out the issue of a basket created combining EURUSD and USDCHF compared to EURCHF nor being exact. I mentioned in the quoted post its because of different bidding. I don't know if you understood this statement, so I'll try to explain it ...

Basket Robots

No. my previous answer was clear.

Basket Robots

If you open a new buy at each candle open and close it at the candle close. YES.

Basket Robots

OK. Now let's check the low of the lowest H4 candle in the basket and compare it with the same H4 candle on EU, UCH and ECH. Which H4 candle represent both pairs better, that's the question !

Basket Robots

Gollum , If you're still there, and it wouldn't be much trouble, can you please post the 4 charts EURUSD, USDCHF, BASKET and EURCHF., same time frame and zoom level. and let us see which one represent the 2 pairs better.

Basket Robots

Difference between a basket of 2 pairs, and, the cross of the same 2 pairs Will not be obvious on higher time frames, but can be noticed on lower timeframes.

Basket Robots

Who said its incorrect ? If you want to trade both EURUSD and USDCHF as two pairs simultaneously then Basket is the Correct way to do it. Trading EURCHF is the INCORRECT way of trading both pairs simultaneously.

Basket Robots

What a beautiful image ! Look similar to me. They will not be exactly the same because of different bidding on basket pairs. But looks very close and hence can be traded.

Basket Robots

I would have tried it if I was near my computer. Can you post the resulting chart?

Basket Robots

Ok then. You can use EURUSD, USDCHF with +1,+1. The resulting basket chart should look like EURCHF chart.

Basket Robots

There is no point in building a basket for eurusd and usdchf as it already offered by the broker as eurchf pair.

Basket Robots

I haven't tested that yet. If I want to take a shot, I can try: EURUSD, USD CAD, CAD JPY, AUD NZD, EURNZD, AUDJPY +1 ,+1 +1, +1, -1, -100 Just a thought Edit:modified the weights

Basket Robots

For people testing Basket_Manager_02 with Money TP/SL. You need to enable the "Activate Lines" button. I will fix this tomorrow so that money tp/sl are activated through another option. This is what kept the yen orders open because I forgot to ...

Basket Robots

Yes.Currency baskets (i.e. Yen basket, Dollar basket ... etc).. are usually trending. However they are risky because you increase your exposure on the basket base currency. Correlated currencies or instruments baskets are less risky. Non correlated ...

Basket Robots

Anyway, I've closed the yen basket buy order with 3%+ return for the day. I'll monitor the issue with the next order.

Basket Robots

I checked FXDD website and it shows the margin required for CHFJPY is $507. image I am really confused on the error I received in opening a mini lot on CHFJPY 2015.03.10 09:08:43.157 '111795745': order sell 0.10 CHFJPY opening at 122.903 sl: 0.000 ...

Basket Robots

I am trying to MANUALLY trade the basket as a standard chart. Re-bought the COMD basket at Trend Line (check the arrows). Let's see where this will take us. again Don't mind the buy line here as I still didn't configure the correct calculation of ...

Basket Robots

The required margin for a standard lot for CHFJPY is $503 , and for CADJPY is $395. So its not the margin ?????

Basket Robots

I've just noticed that when I bought the Yen Basket, two pairs gave errors, namely CHFJPY and CADJPY, the message in the Journal says "Not Enough Money", although I have 10,000 account and I buying mini (0.1 lot size) ?????? I don't have any clue ...

Basket Robots