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How to set up a Synthetic Basket Trader

How to set up a Synthetic Basket Trader

After purchasing the Synthetic Basket Trader software package, we will send the software via email address that you specified during the purchase.

Copy the archive with the software to your computer and enable the MetaTrader 5 platform on which you are going to use the Synthetic Basket Trader software.

How to install Synthetic Basket Trader in a trading platform?

So, open the root directory of the Metatrader5 platform:

Move the contents of the archive to the root directory of the trading platform:

Make a restart of the MT5 trading platform:

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Quick Installation

At the bottom of the MetaTrader5 platform click on the “Profiles” button and select one of two options from the drop-up menu: “GORIZON-T” or  “TRENDIN-G”.

In this way, you will use the pre-installed profile for trading. After selecting a profile, you will open the windows of the quote charts with the configured indicators and utilities for trading.

After that, you will automatically open several windows with preset settings:

This pre-installed profile allows you to immediately start trading using the utility functions and indicator signals. Let’s describe all the functions in more detail. If you understand their meaning correctly, then you will be able to create your own shopping baskets for trading. So, let’s go!

Functions of the Synthetic Basket Trader indicator

Unique settings key

Remember – this unique number must always be the same for the Synthetic Basket Trader indicator and the Equity Trader utility, which are set on the same quote chart.

This key connects the indicator and the utility automatically.
Of course, for different baskets, you should use different keys to avoid confusion.

Start date of the analysis

This is the date from which the indicator will display the equity of your basket.

When setting the start date for creating an equity basket, keep in mind that the technical capabilities of the software are not unlimited. The longer the evaluation period you set, the more difficult it will be for the Synthetic Basket Trader indicator to count the results of the basket and create its equity line.

We recommend:

  • for the M1 timeframe, use a period of no more than 1 month
  • for the M5 timeframe, use a period of no more than 2 months
  • for the M15 timeframe, use a period of no more than 3 months
  • for the M30 timeframe, use a period of no more than 3 months
  • for the H1 timeframe, use a period of no more than 4 months
  • for the H4 timeframe, use a period of no more than 6 months.

You can use wider time intervals to analyze the market. However, for real trading, the analysis period should be reduced to the minimum values!

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The size of the virtual Deposit

This function sets the size of the virtual deposit on which the virtual equity line of the basket of orders is built.

The name of basket

You can use this function to assign a unique name to your bucket. This name will be displayed in all Alerts and PUSH signals that the Synthetic Basket Trader indicator gives, as well as in the utility panel. This way, it will help you to distinguish the baskets yourself.

Assets of virtual basket

With these functions, you can enter the name of the assets that should participate in the creation of a synthetic basket, the direction of their virtual trading, and the size of their virtual lot.

Please use the spelling of the assets exactly as they are specified in your platform!!

You can use up to 16 assets at a time. That is, you can create a basket of 16 assets!

The central line of the equity channel

Set the period value of the center line of the equity channel of your synthetic basket. The value of this period can significantly change the visual display of the dynamics of the movement of the equity line in the coordinate system of the indicator.

Equity Channel Levels

These levels help you set the target values in the equity channel coordinate system. At the same time, these levels are the coordinate for fixing your profit and loss on the utility panel

These levels are not expressed in points, but in money. After all, the equity line is an indicator of the change in the virtual equity of your trading account. Accordingly, the value of these levels directly depends on the size of the virtual lot.

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The Bollinger Bands Indicator

The analytical complex is equipped with the Bollinger Bands indicator, which helps to understand the dynamics of the Equity line movement more clearly. Using the BB Period function, you can set the period of this indicator or turn it off by specifying the value ” 0″

Alerts System

This is the control unit for the indicator signals. You can activate the functions of displaying Alerts and PUSH notifications when the trend changes or the equity line reaches a certain level on the coordinate system:

Functions of the Equity Trader utility

The Equity Trader utility for managing the basket should be located on the same quote chart on which the Synthetic Basket Trader indicator is installed. At the same time, the utility is synchronized with the indicator via the unique settings key.

That is, once again, we repeat – this key must be the same for the indicator and the utility that are installed on the same quote chart!!! 

At the same time, different baskets must have completely different keys, so that these buckets can not be confused with each other. 

So, first you need to install the Synthetic Basket Trader indicator on the quote chart, and then install the Equity Trader utility on the quote chart. And set the same unique settings key for them!!

Magic number for orders

In order for the utility from one basket not to confuse orders from another basket, you need to use different magic numbers for different baskets.

You need to set the magic number in this column. As you can see, different magic numbers are used for the BUY basket and the SELL basket.

For each utility, use different random numbers of magic numbers. 

So, all you need to configure the utility is to set a unique settings key (exactly the same as on the Synthetic Basket Trader indicator) and two magic numbers – for the BUY basket and for the SELL basket. You don’t need to do anything else. After that, the utility will be ready for trading!

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How to trade?

Trading with the Equity Trader utility is very easy! to buy a basket (if the expected movement of the equity line is up) – click on the BUY BASKET button.

If you are trading for a decrease, click on the SELL BASKET button: 

If you want to close the basket manually use the corresponding keys on the panel of the Equity Trader utility:

Also, you can use functions to automatically commit the result.
Let’s imagine that we have a BUY basket open. In that case:

  • to fix a profit at level 0-use the FIX LEVEL 0 button
  • to fix a loss at level 3-use the FIX LEVEL 3 button

Setting up the Equity Momentum indicator

The settings of this indicator should be identical to the settings of Synthetic Basket Trader. Only in this case, the Momentum indicator will be able to display the dynamics of the momentum strength of the equity basket that you are analyzing.

To adjust the signal levels, set the appropriate values in the settings of this indicator:

Money management

As you should remember, when making synthetic baskets, you use the name of the assets that make up the basket, their trading direction and the size of the trading lot. In the future, this virtual lot size and all assets from synthetic trading will be used for real trading. We will pay special attention to the size of the trading lot. After all, money management is the most important part of any trading system!

Our recommendation:

For the size of the trading account from 200 USD to 400 USD, use the size of the virtual and trading lot 0.01 – 0.02
For the trading account size from 400 USD to 800 USD, use the virtual and trading lot size of 0.02-0.03

Accordingly , the larger the size of your trading account, the larger the size of the trading lot you can set.

After restarting the trading platform, Synthetic Basket Trader Complex may have a problem with the display. In this case, switch the timeframe to any other one and return to the timeframe on which you are using Synthetic Basket Trader. After that, the equity line will be displayed correctly.

Ticks are necessary!!

For the correct operation of the Synthetic Basket Trader complex, the price movement on the quote chart is necessary. More precisely, the presence of asset price movement ticks, which are used to create synthetic equity.

Accordingly, if you set up the Synthetic Basket Trader system on the weekend (when the market is closed and there are no price movement ticks) you will always have difficulty displaying the indicator and utility on the quote chart. They won’t be able to sync with each other!! Therefore, we recommend setting up the indicator and the utility on working days – when the market is open, quotes change and there are ticks of price movement.

So, after you have set up the Synthetic Basket Trader complex on the quote chart, you can start trading. The basic rules for trading can be found at the links below.

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Strategies for trading

We have developed strategies with which you can trade baskets of orders using the Synthetic Basket Trader indicator and the Equity Trader utility

Channel strategy

Trading is conducted on portfolios that are in a state of long-term horizontal movement. Buying and selling of the baskets is performed in the direction from the channel towards the center of the channel, and also in the direction from the center of the channel towards its outer borders.

Trend Strategy

Trading is conducted on trending portfolios that are in a state of long-term growth or decline. Buying and selling the basket is carried out in the direction of the trend movement.

You haven’t bought the Synthetic Basket Trader complex yet?!?! Don’t waste any time! It’s time to make money!

This unique system for analyzing and trading baskets of assets can be yours! Do you want to trade professionally? Then this is your best solution!

Full package
*Unlimited number of accounts with the users name
€ 199
  • Analytical Complex - Synthetic Basket Trader
  • Utility for trading - Equity Trader
  • Indicator - Momentum of Equity
  • Indicator - iStock Correlation
  • Ready-made baskets for trading
  • Technical support
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Economy package
**One trading account
€ 159
  • Analytical Complex - Synthetic Basket Trader
  • Utility for trading - Equity Trader
  • Indicator - Momentum of Equity
  • Indicator - iStock Correlation
  • Ready-made baskets for trading
  • Technical support
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*Unlimited number of accounts with the username – the product will work on any number of accounts that are opened personally by the buyer (the product is linked to the buyer’s name).

**One trading account – the product will work only on 1 trading account, the number of which the buyer informs us to obtain a license to use the product (the product is linked to the account number).

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