Drag matrebiz's Multipair spread monitor onto a chart, Eddie. It looks as though you have to multiply your original maximum spread by 10 to get the same result.
![](https://resources.faireconomy.media/images/emojis/64/1f601.png?v=15.1)
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DislikedDrag matrebiz's Multipair spread monitor onto a chart, Eddie. It looks as though you have to multiply your original maximum spread by 10 to get the same result.
Ignored
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Eddie.. 5 Decimal, you have to add the zero to make it work. eg. 10 spread you need to make it 100.Ignored
maxdd, the ea supervised my baskets nicely to closure after the Friday knock-off time. Would you like to say which broker and post your set file?
Nothing against the Ausies as a nation, you understand, just their cricket team - this comes from a jealous pom. I miss watching Warney, mind, very much; a joy to behold even when he was destroying my heroes.
Ok, so not very likely scenarios, but it shows how a 1:1 r/r ratio fails quickly when basket trading.
I reckon a 2:1 ratio has little more to commend it. Even a 3:1 will fail often, just at the point the markets are about to change in your favour.
So, if you must use anything other than a dire-emergency sl, don't use a tight one. You will lose.
//Friday shut down if (ShutDownOnFriday) { if (TimeDayOfWeek(TimeCurrent())==5) { if (TimeHour(TimeCurrent()) >= ShutDownHour) { // Still need to manage open trades JpyCountOpenTrades(); UsdCountOpenTrades(); GbpCountOpenTrades(); EurCountOpenTrades(); ChfCountOpenTrades(); AudCountOpenTrades(); NzdCountOpenTrades(); CadCountOpenTrades(); if (JpyStrongTradesSent >0) ManageOpenBaskets(JpyStrongMagicNumber); if (JpyWeakTradesSent >0) ManageOpenBaskets(JpyWeakMagicNumber); if (UsdStrongTradesSent >0) ManageOpenBaskets(UsdStrongMagicNumber); if (UsdWeakTradesSent >0) ManageOpenBaskets(UsdWeakMagicNumber); if (GbpStrongTradesSent >0) ManageOpenBaskets(GbpStrongMagicNumber); if (GbpWeakTradesSent >0) ManageOpenBaskets(GbpWeakMagicNumber); if (EurStrongTradesSent >0) ManageOpenBaskets(EurStrongMagicNumber); if (EurWeakTradesSent >0) ManageOpenBaskets(EurWeakMagicNumber); if (ChfStrongTradesSent >0) ManageOpenBaskets(ChfStrongMagicNumber); if (ChfWeakTradesSent >0) ManageOpenBaskets(ChfWeakMagicNumber); if (AudStrongTradesSent >0) ManageOpenBaskets(AudStrongMagicNumber); if (AudWeakTradesSent >0) ManageOpenBaskets(AudWeakMagicNumber); if (NzdStrongTradesSent >0) ManageOpenBaskets(NzdStrongMagicNumber); if (NzdWeakTradesSent >0) ManageOpenBaskets(NzdWeakMagicNumber); if (CadStrongTradesSent >0) ManageOpenBaskets(CadStrongMagicNumber); if (CadWeakTradesSent >0) ManageOpenBaskets(CadWeakMagicNumber); ScreenMessage=StringConcatenate("Trading suspended for Friday close - continuing to manage open baskets",NL); DisplayUerFeedback(); return; }//if (TimeHour(TimeCurrent()) >= ShutDownHour) }//if TimeDayOfWeek(TimeCurrent()==5) }//if (ShutDownOnFriday)
DislikedA quick note about stop loss and basket trading.
Conventional wisdom insists that the risk/reward ratio should be a minimum of 1:1. 1:1.5 is better, whilst 1:2 is heaven.
This cannot apply to basket trading. The moment the ea sends a basket of trades, they go into drawdown by the negative value of the spread.
Imagine you are using a SL of 200 and a TP of 200. On a typical xxxJPY basket, the trade immediately goes 75-85 pips against you because of the spread. These trades are taken at a point where market sentiment is only just beginning...Ignored