Basket 14 EA System (Basket 14 EA System) | Foreign exchange indicator download- MT4/MT5 resources
Before running the EA, please read my FAQ: http://www.forexfactory.com/showthread.php?t=252690
Read http://www.forexfactory.com/showthread.php?t=251869
Learn what this strategy is all about.
This strategy intentionally cuts the biggest losers and establishes a reverse trade on the same currency pair when at least three losing currency pairs break above the 24-hour high/low.
This is done in a fairly restrained manner so that over-pruning is avoided. We want to adjust enough that we allow the same market action that triggered the adjustment to make us a profit.
Therefore, do not panic when the first action taken by the EA causes your balance to shrink. If you are patient, equity will rise and all trades will be closed for profit.
This strategy has some old-school elements, such as diversification (14 pairs), cutting losses early (cutting the biggest losers when market action makes it a logical decision), and letting your winners run (until you make a profit).
Basket_14 was developed before Confirm_14. Basket_14 uses less specific criteria when looking for confirmation. It expects a total of 3 out of 14 currency pairs to break above 24-hour highs/lows before correcting and reversing the biggest losses.
Attach to only one chart, any symbol, any timeframe. Don't worry about opening other charts. You just need to open one.
Version 02 does not have MinMiniEquity and MinStdEquity settings.
Version 03 uses two seven-pair Relative Vitality Index (RVI) indicators to try and increase the frequency with which we can take profits without corrections and reversals.
Version 04 Find five samples of RVI main above/below zero, clearly separated in two groups (seven pairs each) to decide which group to buy/sell.
Version 05 has buy/sell logic based on RVI major/signal crossovers above/below zero
Settings for various leverage levels <br> Leave the 200:1 leverage account settings unchanged.
For a 100:1 leverage account, set MaxMarginToUse to 2.0 and leave ProfitPct at 1.0.
For a 10:1 leverage account, set MaxMarginToUse to 3.0 and ProfitPct to 0.3. This may seem risky, but most of us would want to take the risk if our account ratio was limited to 10:1. Even at this level of risk, you shouldn't see the minimum margin significantly lower than 200%.
For my 50:1 demo, I used a MaxMarginToUse of 3.0 and a ProfitPct of 0.75. So far so good.
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Read http://www.forexfactory.com/showthread.php?t=251869
Learn what this strategy is all about.
This strategy intentionally cuts the biggest losers and establishes a reverse trade on the same currency pair when at least three losing currency pairs break above the 24-hour high/low.
This is done in a fairly restrained manner so that over-pruning is avoided. We want to adjust enough that we allow the same market action that triggered the adjustment to make us a profit.
Therefore, do not panic when the first action taken by the EA causes your balance to shrink. If you are patient, equity will rise and all trades will be closed for profit.
This strategy has some old-school elements, such as diversification (14 pairs), cutting losses early (cutting the biggest losers when market action makes it a logical decision), and letting your winners run (until you make a profit).
Basket_14 was developed before Confirm_14. Basket_14 uses less specific criteria when looking for confirmation. It expects a total of 3 out of 14 currency pairs to break above 24-hour highs/lows before correcting and reversing the biggest losses.
Attach to only one chart, any symbol, any timeframe. Don't worry about opening other charts. You just need to open one.
Version 02 does not have MinMiniEquity and MinStdEquity settings.
Version 03 uses two seven-pair Relative Vitality Index (RVI) indicators to try and increase the frequency with which we can take profits without corrections and reversals.
Version 04 Find five samples of RVI main above/below zero, clearly separated in two groups (seven pairs each) to decide which group to buy/sell.
Version 05 has buy/sell logic based on RVI major/signal crossovers above/below zero
Settings for various leverage levels <br> Leave the 200:1 leverage account settings unchanged.
For a 100:1 leverage account, set MaxMarginToUse to 2.0 and leave ProfitPct at 1.0.
For a 10:1 leverage account, set MaxMarginToUse to 3.0 and ProfitPct to 0.3. This may seem risky, but most of us would want to take the risk if our account ratio was limited to 10:1. Even at this level of risk, you shouldn't see the minimum margin significantly lower than 200%.
For my 50:1 demo, I used a MaxMarginToUse of 3.0 and a ProfitPct of 0.75. So far so good.
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v
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