new trading robot BasketFX intended for the realization of a cherished dream of the trader - a strategy in which, with the help of a competent mathematical calculation, we get a profit regardless of the direction and strength of the market movements.
Features advisor BasketFX
Platform: Metatrader 4
Advisor Version: 1.51
currency pairs: EUR / USD, GBP / USD, EUR / JPY, EUR / GBP, USD / CAD, AUD/ USD, NZD / USD, USD / JPY, AUD / NZD, USDCHF, EURCHF, EURCAD, GBPCHF, GBPJPY, CHFJPY, AUDJPY, CADJPY, NZDJPY
Hours: Round the clock
Recommended DC: Forex4you (account Cent-NDD)
first start by describing forex advisor BasketFX strategy.This is none other than the net orders in the direction of a strong trend, with the hedging of positions in the event of a reversal and orders the closure of the basket when the N points of profit in the amount of several currency pairs.It's not as scary as it sounds, if you deal with the elements in the order system.
What is grid counselor?This bot opening orders every N points of the price movement.N is called the step of the grid.Suppose we opened at 1.20000 and the purchase of grid spacing of 50 points.Depending on the strategy, we will open the following deal to 1.19500 or 1.2050.In any case, at a distance of 50 points from the previous order.Next Transaction will be opened in another 50 points, etc.I think the general principle is clear
Hedges in the grid means that we are opening order both to buy and to sell, depending on where the price moves after installing Advisor.
There are many variations in the use of the grid.For example, it is possible to average the position, opening up new orders in the same direction when the deal goes into minus.And it is possible, on the contrary, increase the position when the price moves in the direction of our first transaction.In BasketFX use the second option.
with a grid, of course, is not so simple, otherwise we could easily "clip coupons" and not think about nothing)) There setochniki working well in trending markets, but there are more suitable for break-even, horizontal directional market.
BasketFX works best during strong trends, but not bad, and shows itself in the absence of a clear direction of price movement.It depends on the width of the lateral movement.And, sinceHedging is used for sideways Advisor just for a while does not profit, but the deal hanging open.Then, when the trend is gaining momentum again, the robot will close all orders, make a profit.Orders can hang open up to a few months - this is normal.The good news - it does not matter in which direction the trend.We put on the two possible directions and build positions in accordance with the most powerful movement.
Let's look at how it works BasketFX.The first time the adviser simply fix in his memory the price level at which we started, and as soon as the price will move to the "step" specified in the grid parameters, the bot will open order in the direction of the first breakdown.If the price continues to move in this direction, the EA will open a new order through each "step".If the price turns around and goes against us, after the breakdown of the starting level (plus / minus "step"), adviser to open an order in the opposite direction.So we hedge, lokiruem loss, preventing it from growing.Next, BasketFX will open new orders only in accordance with the prevailing trend.
now turn to the additional elements that make this simple strategy designed and elaborated.The first "step" is based on the volatility of the market - the more volatility, the more "step".Conversely, in the case of low volatility.
But the main "trick» BasketFX is multicurrency and the associated exit strategy from the position.Advisor trades on several pairs at the same time (3 or 7).Each pair is used hedging strategy described above, but the graphics are interconnected and when the amount of profit in all positions on all connected pairs reaches the N-th value, all orders are closed on these pairs.We get profit (although some of the orders of course be negative, the overall outcome will be released positive), and advisor to start a new round of its strategy.
key to success in finding a suitable set of linked pairs for a trading system.
first group of cords is a "basket» (basket).We sell 7 pairs simultaneously, and combines their currency, which is present in all seven instruments.Corzine have two: one includes a pair with USD, the other - with JPY.
«USD basket" consists of seven pairs trading, which is composed of USD: AUDUSD, USDCAD, USDCHF, EURUSD, GBPUSD, USDJPY and NZDUSD.
«JPY basket" composed of seven instruments yen: AUDJPY, CADJPY, CHFJPY, EURJPY, GBPJPY, USDJPY and NZDJPY.
second group of ligaments is a "ring» (ring)."Ring" is made up of 3 possible intersections between 3 currencies.In total we have in stock 6 "rings" (see. Figure below).For example, one of them is the EUR / USD / CHF.All possible combinations between these currencies: EURUSD, EURCHF and USDCHF."Ring" is something of a balanced set of measures.If one or two pairs go up strongly, the third will go down much.And vice versa.Or one goes up, the other down, then the third is stationary.In any case there is always a balance.
Due to the above-described multi-advisor strategy bektesty produce is not possible.
developers give our attention to the individual monitoring of each "ring" and "basket".Do not forget that you can only use those rings and baskets that fit.
Do not forget that you can only use those rings and baskets that fit.
monitoring my live account with all eight advisors you can monitor in RoboTest section.
recommended money management
Sincein the EA are no stop-loss, then it is classified as "potentially dangerous" robots.And in the case of negative circumstances and, in particular, incorrectly exposed a lot, you may lose much of the deposit.I strongly advise you to read 9 of the rules for handling hazardous advisors - this will help avoid a lot of mistakes, leading to the loss of money on the real account.
So, it is extremely important to follow the recommended money management when working with BasketFX.Namely: Lot 0.01 for every 1000 units of currency bills for each ring / basket.Those.if you want to use all 8 advisors (2 baskets and 6 rings) with one account for each lot 0.01, your deposit must be a minimum of 8,000 units ($ 80 in the account Cent-NDD in Forex4you), for the normal functioning BasketFX.For the three advisers (eg 2 baskets and 1 ring) to 0.01 lot will need at least 3,000 units of the currency of the deposit in the account.Of course risk a few thousand dollars you are not forced, so the robot is better to choose a cent account, namely Cent-NDD in Forex4You - the best option.
to more clearly show the advantages of this type of account, take a look at the table below, which shows the minutes.deposit to trade in all 8th advisors for different types of accounts:
|Account type||Minimum lot and step||lot Min.initial deposit||Examples Brokers|
|Sent-NDD||0.01||$ 80 (8000 cents)||Forex4you|
|Classic||0.1||$ 80,000||Classic type of account the majority of brokers|
Installing and using
If you are new to trading forex advisors, MUST check out the FAQ installation and traderobots.
So, we have counselors available 8: 2 baskets and 6 rings.Lest you get confused, I cite the instructions which Adviser on which pair of set:
- BasketFX_Basket_JPY : AUDJPY, CADJPY, CHFJPY, EURJPY, GBPJPY, NZDJPY, USDJPY
- BasketFX_Basket_USD : AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY
- BasketFX_Ring_AUD-NZD-USD : AUDNZD, AUDUSD, NZDUSD
- BasketFX_Ring_CAD-EUR-USD : EURCAD, EURUSD, USDCAD
- BasketFX_Ring_CHF-EUR-USD : EURCHF, EURUSD, USDCHF
- BasketFX_Ring_CHF-GBP-JPY : CHFJPY, GBPCHF, GBPJPY
- BasketFX_Ring_EUR-GBP-USD : EURGBP, EURUSD, GBPUSD
- BasketFX_Ring_EUR-JPY-USD : EURJPY, EURUSD, USDJPY
Total, using all eight advisors you get 32 schedule.
to run correctly advisor trading platform should be included with the evening opening of the market on Sunday before it closed on Friday evening.If you are unable to keep the computer in working order 24/5, I advise you to use VPS server service.
Download Advisor BasketFX
Important!Nuances of the installation in new builds Metatrader 4