My view so far on Basket System: Basket Chart to be used as an Indicator, traded Manually or using an EA. Basket may not be a 100% perfect presentation of the underlying pairs/instruments, but should be CLOSE ENOUGH. Basket should have a "meaning" ...

Robot Lab Project

This not a valid example of a basket. Also pair prices are not real examples. So its meaningless. In your example you are shorting and longing USD at the same time (aka Hedging).

Robot Lab Project

I/You wouldn't know in advance that EUR/AUD is going to be the Biggest Winner. Would we ?

Robot Lab Project

This is just an example on how a basket can be used as an indicator to trade component pairs. Each system will use its own method for entry and exit. This is diversification, which is maybe the main purpose of using the basket in the first place.

Robot Lab Project

Now suppose our system trades the 61.8 fibo bounce at close (orange horizontal line), targeting 0 fibo (or 61.8 expansion) lime horizontal line. So we made our entry on the 9 pairs composing the basket at the close of H1 (2015.02.19 09:00), and ...

Robot Lab Project

Referring to the quoted post, and by using the Create_Basket_Script , a Commodity Currencies Basket with corresponding directional weights between parentheses: USD/CAD (-1), AUD/USD (+1), NZD/USD (+1), EUR/CAD(-1), EUR/AUD(-1), EUR/NZD(-1), ...

Robot Lab Project

OK. So were do we go from here: Test different basket calculation approaches Apply the best approach to the Create_Basket_Script Finalize the first version of Basket Trading Robot

Robot Lab Project

Sorry felixis for the late reply, as I just came back from holiday. This effect is minimized since we are using M1 to generate the basket history. However after completing the history, the basket is updated every 2 seconds which is very close to ...

Robot Lab Project

This robot doesn't use Fixed Stop Loss or Take Profit. Its idea was taken from the well-know "Turtles System", you g00gle it. Here's the first link in the search . Simply , the turtle system rules were as follows: Long: Buy at a 40-day High break ...

Robot Lab Project

OMG. Scalper. A real account. we are still in analysis phase.Good night and good luck man.

Robot Lab Project

With all respect imifx, This is not the right thread for your question. Try the Platform Tech Forum url

Robot Lab Project

Looks like you're using the first version of the script. Download the latest version that was posted with the EA in post 565.

Robot Lab Project

Thank you smash, and a warm Welcome to the lab.

Robot Lab Project

Very generous post felixis. So thanks for raising such issues for discussion. I will give a full reply/view on the above tomorrow as I am in a very sleepy mode atm. Thanks,

Robot Lab Project

Just a small clarification before I go. The example of a Commodity Basket was just an example. Although its still in premature stage, the system currently allows for the creation of any type of basket, only limited by your imagination, and your ...

Robot Lab Project

Thanks Tom, its an honor. Welcome to the Lab. I hope that we can reach something useful here, multiple brains are better than one.

Robot Lab Project

Thanks for your input, But again, the discussion is on a Basket , a Generic Basket of Instruments, not an Index. Although some implementations of the basket might look like an index. Most brokers offer indexes already, which can be traded directly ...

Robot Lab Project

Nothing wrong, its an open discussion. What I am trying to reach is a basket chart that will allow us to trade the basket, not exactly a currency strength index. We should be able to mix and match pairs in the basket as we want, as long as we can ...

Robot Lab Project

OK. I've just checked Bloomberg Business web site, providing spot pair rates in both directions image So, it seems like what I already implemented in the basket calculation was Correct in the first place. NOTICE the pip change is ...

Robot Lab Project

Back to basket calculation, could Tick Value solve the puzzle. EDIT : Tick value will always be in Account Currency.

Robot Lab Project