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.
