PaniereFX… Basket Trading, The Easy Way 2

Salve a tutti,

Basket trading can be one of the most profitable ways of trading Forex. The idea is to trade a set of “correlated” currency pairs based on a sort of “index” of them.

The advantage is that you don’t put all the money on just one trade but on a set of trades correlated between them. By doing that you average losses and compensate them with the gains coming from other pairs.

In the past days I wrote a quite detailed post about it. And you can read it from here:

Despite of the relatively simple concept behind it, basket trading is not as simple as it may seem.

The “PaniereFX” indicators set is here to help you in that.

You can see some example screenshots of them here:

They’ll make all the calculations for you and will show you a simple “index line” telling you exactly when to enter and if you have to go long or short your set of pairs.

The strategy can be applied to any timeframe, but as usual I suggest you to go with higher timframes like the daily (1D).

I usually trade a basket made of “USD” based pairs but I created another 3 indicators made to trade also “EUR”, “GBP” and “JPY” based based baskets. The 4 indicators form the set of “PaniereFX” indicators set.

Each of them will let you create and manage an independent basket of pairs.

Reading it is very simple. If you see the index line above the 0 line, then it means that the base currency is bullish, if below is bearish.

The “PaniereFX” indicators set is (as almost all the indicators we develop) a trading system by itself.

The 4 indicators also come with:

  • an online manual with detailed instructions regarding installation and and use, along with trading strategies to use the indicators for you trading with entry and exit rules
  • free access to the “PaniereFX Users’ Group” in order to receive automatic free updates, tips and tricks/articles/videos on how to use the PaniereFX indicators at best, and new trading strategies as they are found

If you are interested in the PaniereFX trading system set of indicators, simply click here:

A presto,

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2 thoughts on “PaniereFX… Basket Trading, The Easy Way

    • Andrea Post author

      no it’s not. It’s more like trading a “synthetic” pair made of all the 7 pairs together.
      The relationship between the 7 pairs it simply based on the fact that they have one of the two currencies forming the pair, in common. So for the USD basket, they all have the USD in common. But there’s no “arbitrage” in that.
      In reality, what we trade is the USD but using all the 7 pairs it forms with the other major currencies.
      And the same applies to the the other 3 “baskets”.