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Relative Strength Basket Trading System

  • #1,401
  • Dec 4, 2008 10:18am Dec 4, 2008 10:18am
Quoting eddiemiller
LOL jumped back in - now -£10 again.... sitting and waiting...

Eddie
STEVE HELP!!!!

That trade went good as well...... but the BreakEven took it out £1.00 for £10 risk! EEEKK

I am using you set file... can you provide me with some better settings please?

Eddie
  • #1,402
  • Dec 4, 2008 10:25am Dec 4, 2008 10:25am
Quoting eddiemiller
STEVE HELP!!!!

That trade went good as well...... but the BreakEven took it out £1.00 for £10 risk! EEEKK

I am using you set file... can you provide me with some better settings please?

Eddie
I don't think I can, Eddie. The same thing happens to me. On my tiny account trading nano-lots, $2 equates to roughly 200 pips. Setting the basket jump stop or breakeven does the business at +200, but a basket of trades like this can easily retrace by this many pips in a few seconds.

Until JPY stops ranging then I don't think we can be shooting for mega-pips. I have taken to setting the tp at +$4, breakeven at +$2 on the way up; tp of +$2 on the way down.

  • #1,403
  • Dec 4, 2008 10:26am Dec 4, 2008 10:26am
MisterPipster, mine has just actioned a BUY on JPY basket
  • #1,404
  • Dec 4, 2008 10:29am Dec 4, 2008 10:29am
Quoting eddiemiller
Restart... do you really need all those indicators?

Eddie
Indicators for TMF 5, 15, 30, and 1 hr, all at once do not seem to cause any problems, at least for the last 30 min. I think we do not need more than those for entry.

Jeff
  • #1,405
  • Dec 4, 2008 10:32am Dec 4, 2008 10:32am
HIMT4

Do the scrip automaticllay execute contrac or we have t0 do manually
  • #1,406
  • Dec 4, 2008 10:34am Dec 4, 2008 10:34am
automatically
  • #1,407
  • Dec 4, 2008 10:35am Dec 4, 2008 10:35am
need help... sos....sos...... my account was double today
jesssssssssssss......
  • #1,408
  • Dec 4, 2008 10:43am Dec 4, 2008 10:43am
Quoting Kang_Gun
need help... sos....sos...... my account was double today
jesssssssssssss......

Where is the MODERATOR’S share (I am his business manager).
  • #1,409
  • Dec 4, 2008 10:53am Dec 4, 2008 10:53am
Quoting jeff jordan
Where is the MODERATOR’S share (I am his business manager).
Salam brother,

I vote Harigp.

Thanks

KG
  • #1,410
  • Dec 4, 2008 11:08am Dec 4, 2008 11:08am
Quoting Kang_Gun
Salam brother,

I vote Harigp.

Thanks

KG

LOL, if your sharing pips I am interested!!!!!

LOL (only Joking, should be giving you pips for the help)

Eddie
  • #1,411
  • Dec 4, 2008 11:21am Dec 4, 2008 11:21am
Quoting mt41969
MisterPipster.

1. Attach KG RS GROUP to your chart. (old version)
2. Attach Basket Trading SCRIPT file to your chart.

In the top left corner of the chart you should see the following:

Basket Trading v1.0. copyright 2008, Mark Johnson

Hi mt41969,

I downloaded Alpari - US MT4 platform and loaded your script and indicator you said. Don't you have to use the indictor RS_Group_JPY_V1.0 also?

I will see know if it will work for me. Thanks.

Misterpipster
  • #1,412
  • Dec 4, 2008 11:25am Dec 4, 2008 11:25am
You need all the RS_GROUP_XXX V1.0 indicators placed into the indicators folder.

You only need to attach KG RS GROUP indicator to your chart and my SCRIPT file.
  • #1,413
  • Dec 4, 2008 11:28am Dec 4, 2008 11:28am
So here is a chart that gives me some clues about getting involved on a sell signal.....

but

the difference in the STRONG/WEAK numbers inst yet 10, so I will keep watching as it develops.

I can see from my bottom indicator a lot of orange and DN numbers are all the largest numbers.

... then a few minutes later (3 to be exact) it has all changed. The STRONG/WEAK gap is smaller and the bottom chart shows some green text

So do I enter and take a punt, after all it is at the bottom of the strong weak, it can only go one way - how long it takes is another question.....


Eddie
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  • #1,414
  • Dec 4, 2008 11:34am Dec 4, 2008 11:34am
entered out of curiosity.....

Eddie
  • #1,415
  • Dec 4, 2008 11:43am Dec 4, 2008 11:43am
I just started to read this thread.
If everyone believes it, it will work.
  • #1,416
  • Dec 4, 2008 12:09pm Dec 4, 2008 12:09pm
Quoting mt41969
You need all the RS_GROUP_XXX V1.0 indicators placed into the indicators folder.

You only need to attach KG RS GROUP indicator to your chart and my SCRIPT file.
Ok, I did what you said on an Alpari MT4. Everything is set. Could you announce the next time that a Basket Trade Triggers? Thanks.

Misterpipster
  • #1,417
  • Dec 4, 2008 12:11pm Dec 4, 2008 12:11pm
Quoting EAprogrammer
I just started to read this thread.
worth to read mate
doubled my tiny account in the last three days LoL
  • #1,418
  • Dec 4, 2008 12:25pm Dec 4, 2008 12:25pm
ok Guys

I will plunge to be the moderator, will start the work from Monday
  • #1,419
  • Dec 4, 2008 12:30pm Dec 4, 2008 12:30pm
HI MT

I have KG rs group in the chart and the your scrip JPY is now 65
but no news
  • #1,420
  • Dec 4, 2008 1:10pm Dec 4, 2008 1:10pm
Quoting harigp
HI MT

I have KG rs group in the chart and the your scrip JPY is now 65
but no news
Click on the "Experts" tab - what does it say?

Eddie
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