Basket Trading

Once an asset forms a trend, it more often than not continues with the same momentum in the course of the day. Some assets will have a stronger trend than others. Once this momentum starts to grow, the EA creates a balanced portfolio using a diversified approach in the form of  a basket made up of trending instruments (Currency pairs, CFDs and commodities) to manage opportunities in  market while controlling exposure at the same time.  The EA performs a portfolio balancing which involves opening a series of correlated or uncorrelated trades, and after a target day return on the opening balance has been reached, all trades are closed automatically.

Basket trading is an effective  strategy that you can use to tailor to your specific financial targets. It aims at achieving an ideal daily return of 1%-2.5%.

The EA is placed on only one chart and will automatically access all instruments that are available for trade as provided by your broker. So long as the asset has a spread less than that specified in the EA, it shall be traded.

It uses in-built MT4 indicators to identify trends and augments it using a customized currency strength indicator in order to re-enforce the dominant trend.

In order to minimize the exposure, the EA will use profits from other pairs to manage trades in other pairs that have gone wrong.

If you wish to test the EA before purchase use this version https://www.mql5.com/en/market/product/73380. The only difference is the flexibility provided by the paid version.