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basket trading
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[QUOTE="bestdarntootingood, post: 115520, member: 12508"] I hate to disagree with you, but you are wrong. This is a VERY good strategy when you understand the method better. I thought that I would add a comment for explaining why this works for those who believe that you can trade 1 pair and get the same result or for those who think the spreads will just eat the trade. This is from a post I made on another site... If 3 pair triangular trading doesn't work, then explain this account --> [URL]https://www.myfxbook.com/members/bestdarngood/fxcm-5000-d1/1822431[/URL] You guys are only ever thinking Instantaneous trading (Looking at a snapshot of the market at a specific point in time). What you fail to realize is that you need to look at a longer time period and realize that all pairs don't move equally and cancel each other out. For example, take whatever the current price of 3 pairs such as AUDUSD, EURUSD, and EURAUD and notice how at the specific instance you look at, there is a relative bias towards one pair. Then think if all pairs were priced at parity 1:1:1, there would be no bias. Or look at a different point in time, I recommend pick a long time period to compare such as 1 year apart. Notice that there is a difference in the relative value and bias of the pairs. That difference in value/bias is how you can make money along with market inefficiencies. The pairs tend to gravitate towards each other so that if you were to trade a full circle, you would end up with what you started (minus fees of course). But if you trade when the market gets off a little, you can safely make profit like I show in the account I posted above. There is the proof, just look at the history of the trades done. Also I would just like to state that banning someone from the site for a week just because you don't understand how an EA works since you can't open your mind or look at the history (which does matter) is pretty childish and unprofessional. [/QUOTE]
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