What is basket trading forex
Also be sure and read the other Basket Forums here on Forex Factory and others to get an idea of Basket trading if you are not familar with the idea. The ideas I used in the EA were gathered up from other sites and are not original in any way to myself, so I do not take credit for them. A Currency Basket is several specially selected currencies whose aggregated value defines the weighted average rate for a currency that isn’t part of the basket. The purpose of a currency basket can vary: to define a conditional price of a currency; to protect against risks of a multi-currency clause; or to be used as a par value. Basket trading involves opening a series of correlated or uncorrelated trades, and after an adequate amount of time, closing the trades when the overall sum of the trades is positive i.e. when the net value of all open trades is positive or close to our targeted profit-value.