Friday, January 1, 2010
We have divided our trading strategy monitoring into two categories:
1. The Graphical and
2. The Numerical way
The graphical way is the usage of those price action indicators that were develop specifically for this system. These are customized indicators never seen before in any forex forum.
The numerical way is the use of a popular spread sheets program, the excel. We know that Excel can monitor your broker's data feed via the DDE capability of MT platform. Hence, the excel is even faster in reflecting the data feed compares to the use of chart and indicators.
When we started the BTS a year back we have to start a demo trade of 14 pairs every week and we have to be early to put our trades so to make a complete capture of market moves over the week. Not all the time that we are free on Sunday when the market opens this makes it difficult for us.
With the use of excel, this is no longer a problem. We could open the excel anytime and still we can measuring the amount of moves from the market start.
Not only that the excel have provided us the correct substitute to the weekly IA opening it also makes a good market tool to monitor other aspects of market behavior. Heck, we could even watch the spread as the brokers widen it during news time and many more.
Excel is indeed our most valuable tool. Even more valuable than those indicators mentioned earlier in this blog.
Wednesday, July 22, 2009
Based on the previous experiences of how the mentoring procedure should be done, below are some of the revisions I have implemented starting with the August 2009 participants:
Several request for an accelerated program because most traders have also a day job prompted me to revise the schedule. The complete mentoring services duration will now be revised to 2 months. First month dedicated to learning the theory of basket trading as applied to all kinds of market and trading sessions. Normal time schedule will be at 7:00-8:00 am EST. Second month is free trading, where you will be guided in your actual trading. No preset time schedule.
Also it has been observed lately that some NOT so serious traders have joined the group. Some of them don’t even know what an IA is and some was not even patient enough to read the whole thread in FF Forum. As a prerequisite, I would require everyone interested in this program to read at least once the whole thread and other accompanying threads in FF Forum. Failure to comply on this compulsory reading of the old FF thread will be grounds for dropping you out of the program.
The non-refundable fee for this program is US$499 and is paid in advance upon acceptance to the program. Hoping that this fee will assure that only serious traders will commit.
For enrollment payment, please click the BUY NOW button.
Friday, May 8, 2009
Based on the previous experiences of how the mentoring procedure should be done, below are some of the revisions I have implemented starting with the June 2009 participants:
1) The complete mentoring services duration is now revised to a total of 3 months. The first month is called the Basic Group is usually conducted 1 hour Monday to Friday timing is market dependent. Participant are trained to trade in any market session should a likely opportunity is anticipated to occur. Normal sessions are conducted at 7:00-8:00 am EST.
2) The Second month (Advance Group) is free trading. Additional tools for the trade are introduced in this month. Trading Room is open all the time and you may leave a note or message for someone to respond however normal meeting sessions is 8:00-9:00 am EST.
3) The Third month (Advance Group) continuation of the Advance group.
The new non-refundable fee for this program is US$299 and is paid in advance and upon acceptance to the program.
It has been experienced lately that trading with the group is more profitable that trading alone, I have created a new private trading room (1K Group) open only to those that completed the program. The benefits of maintaining membership to this new Room are:
a) Continue receiving market analysis every Sunday before the market start.
b) Free use of all updated indicators, EA, Scripts and other tools.
Membership to this room carries a minimal fee of $40 a month. These fees are use for the maintenance of the site and the room.
BTS CUSTOMIZED INDICATORS
Personally, I am very protective of all the indicators, ea, script and other tools created for this system. We are limiting the distribution of these indicators to current members only. Current member being enrolled in the Basic or Advance or 1K Group is only allowed access to updated tools of the trades. Should a member decided to cut his membership with the group, he no longer entitled to an update of the tools we used.
Thursday, February 5, 2009
Newly Develop Strategies on the Basket Trading System
As I have mentioned in a few of my threads before that this BTS system was like discovering a cave full of treasures. So many interconnecting strategies that all leads to a profitable trading.
Together with those that have completed the program on mentorship we continuously develop and test newer techniques that makes our trading more profitable.
We have added a few more strategies to this already incredible trading system. We have listed below some of those newly developed and tested methods.
a) The 3 Amigos Strategy – (named by one of the member, Dave) is a strategy develops to take care on trading the 3 currency pairs of EURUSD, USDCHF and EURCHF. This 3 pairs are complimentary to each other that we have noticed a better correlation among the 3. Most popular correlation analysis only deals on two currencies, neglecting the 3rd pair of EURCHF, thus miss the importance of this pair in the proper analysis.
We have incorporated this in our trading the tandems. This strategy have generated us good profit at the moment.
We also generated a special indicator to aid us in our trading this technique.
The three lines represent the three currency pairs that acted in a fan like manner for easy identification of possible currency move.
b) Extreme Trading Strategy – This technique identifies the most volatile pairs from the basket for those with limited equity to trade the basket but want to maximize their profit.
c) News Scalping Strategy – This technique is being used during any major economic news. This strategy is capable of generating profit between 500 – 1000 pips in less than a hour. We have also developed and indicator for this technique called the NewsIndicator. It monitors the market situation in the final hour before the news release and continues to monitor the market after the news release to give the realistic market sentiments.
At the moment there also some new strategies being developed and tested and eventually will also be introduce in this blog after the testing stages.
Wednesday, October 29, 2008
The top seven pairs is set 1 and the bottom is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give a good look at the pairs as week goes on.
Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (will be attached later) to maintain correct timing in opening them. Click twice the profit column of your terminal to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper descending order.
All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period ot time. All dirts to the bottom and the clear water at the top. About a day or two, all the buys (if negatives) will occupy the bottom and the sells (if positives) will be at the top.
Ideally the bottom 7 slots should be occupied by the negatives. The first pair in the negative that crosses the boundary of positive (slot 8) is the pair we are concern. If one of the negative jump up to slot 7, consequently there should also a corresponding positive that will jump down to slot 8. This is the signal. We will trade those two pairs that jumps out of boundary. This is the first method in this system called the jumping pairs.
Trade the pairs according to this rule:
1) if Sell pair jumps up -------- trade Short that pair
2) if Buy pair jumps down -----trade Short that pair
3) if the Sell pair jumps down--trade Long that pair
4) if the Buy pair jumps up-----trade Long that pair
You can continue reading this method at ForexFactory at this link
I am Julius Figueroa known as Trader101 in three(3) forums where I have been maintaining threads, pertaining to the success of any trader. I have this threads helping traders for more than 2 years now. One of the thread "Simplicity is the Key" on Forex Factory was used for generating signals and distributed freely. I was having good results as evidence by most of the comments that readers post in the threads.
I was fascinated by trading not only a pair but a bunch of pairs which eventually I called the Basket Trading and this method now is widely used all over the world. This new method will be the new trend now on Currency Trading that doesnt use any conventional indicator. The probability of hit on this method is about 80%, that makes it the most sought after method. With familiarity of this system, a 1000+ pips profit per week is the norm.
I am offering a mentoring services for the above system and many more possibilities of a profittable trading from my years of experience in Forex Trading;
The Mentoring services will include the following:
1) The complete guide to Basket Trading Strategy. Mentoring/ teaching of the system.
a) News Trading using the BTS.
b) Tandem trading (jumping pairs) using the BTS.
c) Group Trading (JPY, USD etc)c) Regular Basket Trading(14 pairs).
d) Long Term Trading.
2) Weekly Volatility Analysis of the currency market or as necessary.
3) 24/5 Assistance service via msn messenger and/or E-mail. Email will be responded within 24 hours.
4) Immediate notification for any trading opportunity via E-mail, sms and other means necessary.
5) A one on one and/or conference instruction should further clarification on the Basket Theory.
6) Secrets of success to trade this awesome system, including free use of all related indicators while being a member of the group.
7) Entry to the Trading Room created solely for the mentoring group members.
Membership to this service is limited and only on a first come first serve basis. Mentoring group will be limited to 10 persons maximum.The cost for this service is $99.00 a month. This non-refundable fee is paid at the beginning of the enrollment. Payment is only accepted via Paypal to: email@example.com
Please do not send any payment unless you are accepted in the program via E-mail confirmation.To stop your enrollment you have to send an E-mail to the above to discontinue your study and we will promptly stop collecting your fees.Unlock the potential of this strategy by enrolling now!!!
If you are interested in pursuing your trading skills, you may send me an E-mail at
Listed below are other threads that I initiated. All for the benefits of the trader.
December 11, 2008Because of the difficulty of using conventional indicators provided in the MT4 platform for this trading method, I had developed several useful indicators that can be use in this Basket Trading System (BTS).
1) Basket Candles 101 -- This indicator is similar to the candle chart, however it plots the composite value of the 14 currency pairs being traded by the BTS. The screen shot below was plotted in the EURJPY chart where the regular EJ candles are rendered invisible so the Basket Candles can hijack the chart. It can be used in any currency chart. A scale factor is provided for visual adjustment.
2) Basket Indicator 102 - This is a line indicator. The calculation of which includes values from all 14 currency pairs similar to moving average. The regular EMA calculation for single pair was modified to accomodate using of 14 pairs profit value and some color changing to display the market modes. The magenta line indicates the SELL mode, the blue signifies the BUY mode and the yellow is Transitional mode. The chart below used a 25 period which very similar to EMA 25 for presentation purposes. The period selection is user discretion.
There are others indicators develop specifically for this system. All indicators develop for this system has a common criteria to use only the profit value in order to maintain the usage of price action all the time. All indicators are available to all current members of the mentoring group and it is not distributed publicly.
I will post in here other indicators developed as I become familiar with this blogging technology.
Dec. 16, 2008
TANDEM TRADING INDICATORS: (Shown in this illustrations are for EURUSD and USDCHF)
Two more indicators use in the tandem trades of EU and UC utilizing a full lot.
1) Tandem_Indicator - is a line indicator use in the chart of the tandem pairs. It will give color indication of either Blue or Magenta for Buy or Sell.
2) Tandem [EU+UC+EC] - is a composite histogram for the Tandem pairs being traded. In this case the EU, UC and the EC.
I have traded these two pairs the EU and UC since Sunday (12-7-2008). The histogram changes to blue bars indicating the LONG trend is taking over. So I trade EU long and UC short.
The results of these trades is now over $ 11,000 in profit at the time of this writing. And I intend to keep these trades until the line indicator changes color to magenta. It may last for weeks or months as it usually is, but it will be an enormous amount of profit to be generated.