I am a basket trader and as such trade from 2 pairs to 14 pairs.
I have noticed that if the EURUSD goes up then there are at least 14+ other pairs that go up.
So, if for example EURUSD goes up then so do GPBUSD, AUDUSD, NZDUSD, EURJPY, AUDJPY, GBPJPY and NZDJPY etc. (Majors)
If you take a basket trade on 1 pair(EURUSD) then you can ultimately take a trade on 14 pairs,
10 pips TP on a 14 Basket can result in 140+ profit.
If you have an indicator that gives you the "sum of" the pairs that you wish to trade, so much better.
Further noticed that the "Offline Basket" does not give you as much noise.
Here is an "Offline" chart indicator that has been around for awhile that you can 'Input" your own Currencies and give you the "sum of" those same currencies.
Place Indi on preferentially GBPJPY as it tends to get the most "ticks",
Select Time Frame, e.g 15 for M15.(If you leave it on "0" TF then it will by default choose the same TF that you put the chart on".
"Basket" input is the pairs that you wish to use. (They can be altered to suite by changing the "Case" pairs in the code)
Go to MT4>File>Open Offline> and look for the file ##T101##M15 etc.
Double click on the required file and the "Offline" chart will open with a compilation of the required currencies.
You can now place conventional indicators on the chart. (Please note that EA,s & Multi TF Indies do not work on Offline Chart)
If all the currencies selected goes up then you should see your Basket chart candles go up and you can place a script to "Buy" or "Sell" the same basket.
If there is enough interest in this thread, then I will place the "Scripts" for Buy,Sell and the relevant mq4,s
EDIT: I have increased my account by a couple of 100% using this system.
Regards
the indicator is here
http://mir.cr/1B49VOPD