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Trading System Using Relative Strength-Part 2

  • #1,101
  • Nov 1, 2008 8:45pm Nov 1, 2008 8:45pm
Hello, thank you.
How many minutes does the EA wait after bar open to place the trades?
So, if I want to use my own lot size, I have to set MM=0 and Risk=0?
TP and SL is per trade, correct? not the whole basket
News filter is set right now to not trade Sunday(0) ?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,102
  • Nov 1, 2008 11:14pm Nov 1, 2008 11:14pm
Quoting matrixebiz
Hello, thank you.
How many minutes does the EA wait after bar open to place the trades?
So, if I want to use my own lot size, I have to set MM=0 and Risk=0?
TP and SL is per trade, correct? not the whole basket
News filter is set right now to not trade Sunday(0) ?
Soonest all pairs receive first ticks, still need to be test though not sure how much accurate is this.
Risk need to be set 0 if you want to use your own lot size.
MM not necessary to be 0, unless you don't want EA to manage your trade.
Yes, TP and SL is per trade.
Default News filter is zero, means it will trade all the time since market are close on Sunday.
  • #1,103
  • Nov 1, 2008 11:16pm Nov 1, 2008 11:16pm
Quoting Kang_Gun
Thank you ydaudw..

KG
Your welcome. Hopes you can share your result with this EA.
  • #1,104
  • Nov 1, 2008 11:20pm Nov 1, 2008 11:20pm
ydaudw, how do you get around the refreshing problem which is affecting Matrixbiz and myself?
  • #1,105
  • Nov 1, 2008 11:33pm Nov 1, 2008 11:33pm
Quoting Ronald Raygun
ydaudw, how do you get around the refreshing problem which is affecting Matrixbiz and myself?
I put a warning message in my EA like below:
Alert("EURUSD bar less than 100. Open new EURUSD chart with timeframe "+Period()+" to fix this");

This will fix return zero issue.
  • #1,106
  • Nov 1, 2008 11:42pm Nov 1, 2008 11:42pm
Quoting ydaudw
I put a warning message in my EA like below:
Alert(\"EURUSD bar less than 100. Open new EURUSD chart with timeframe \"+Period()+\" to fix this\");

This will fix return zero issue.
Does this mean I just need to increase my history size?
  • #1,107
  • Nov 2, 2008 12:54am Nov 2, 2008 12:54am
Just want confirm that we now have one more additional EA for this system
  • #1,108
  • Nov 2, 2008 1:56am Nov 2, 2008 1:56am
Quoting harigp
Just want confirm that we now have one more additional EA for this system
There are 3 EAs

Mine
Matrixbiz
Ydaudw
  • #1,109
  • Nov 2, 2008 1:57am Nov 2, 2008 1:57am
hi RR

Is their any possiblity of Your EA to be attached in one chart for all the
currency pairs and that way the MT 4 is not overloaded with EA for
each currency pair
  • #1,110
  • Nov 2, 2008 2:13am Nov 2, 2008 2:13am
Quoting harigp
hi RR

Is their any possiblity of Your EA to be attached in one chart for all the
currency pairs and that way the MT 4 is not overloaded with EA for
each currency pair
It's possible for me to put that in. But I'm wondering how to control which pairs to trade, and not to trade. I think there are 28 different permutations of currency pairs, some certainly with higher spread than I'm comfortable with, and low volatility.
  • #1,111
  • Nov 2, 2008 3:03am Nov 2, 2008 3:03am
HI RR


I can understand, may be you can provide us the option in EA in one chart or multiple chart and it will be up to the trader to decide how he wants
the EA to be attached or version 1 EA for single chart
  • #1,112
  • Nov 2, 2008 3:46am Nov 2, 2008 3:46am
HI ydaudw

extern int TakeProfit = 100; ==> Initial TakeProfit
extern int StopLoss = 50; ==> Initial TakeProfit, necessary if you lost connection to you broker and your trades go against you


If you keep the above option and connection is ok then you will end up with
100 pip profit/50 pip loss for the entire basket of trade or we have to use
put 0 for both above to target the equity option

Little bit confused , can you clarify what will be the sequence of event
  • #1,113
  • Edited 5:26pm Nov 2, 2008 6:12am | Edited 5:26pm
Quoting Ronald Raygun
ydaudw, how do you get around the refreshing problem which is affecting Matrixbiz and myself?
Hey Ronald, my EA and yours has the ccfp All_Bars setting in the EA set to Zero and I notice that the indicators that I loaded on my chart that were set to Zero, stopped calculating. I think I'm going to set All_Bars to 200 and see if that fixes it.

EDIT: I'm going to attach a version of the indicator that I think works best with my EA. Stay tuned
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,114
  • Nov 2, 2008 8:09am Nov 2, 2008 8:09am
Quoting Ronald Raygun
Does this mean I just need to increase my history size?
I found that when you switch timeframe sometimes CCFp return zero. So by identifying which pair is zero we can send out alert that bar history for that particular pair is not enough. I haven't found any better method yet.

Regards,
Daud
  • #1,115
  • Nov 2, 2008 8:12am Nov 2, 2008 8:12am
Quoting Ronald Raygun
It's possible for me to put that in. But I'm wondering how to control which pairs to trade, and not to trade. I think there are 28 different permutations of currency pairs, some certainly with higher spread than I'm comfortable with, and low volatility.
Perhaps you can put an options like mine.

extern bool Trade_EURUSD = true; // spread 2
extern bool Trade_USDJPY = true; // spread 3
extern bool Trade_EURGBP = true; // spread 3
extern bool Trade_GBPUSD = true; // spread 4
extern bool Trade_USDCHF = true; // spread 4
extern bool Trade_EURCHF = true; // spread 4
extern bool Trade_EURJPY = true; // spread 4
extern bool Trade_USDCAD = true; // spread 5
extern bool Trade_AUDUSD = true; // spread 5
extern bool Trade_NZDUSD = true; // spread 5
extern bool Trade_CHFJPY = true; // spread 7
extern bool Trade_EURCAD = true; // spread 8
extern bool Trade_AUDCAD = true; // spread 8
extern bool Trade_GBPCHF = true; // spread 9
extern bool Trade_GBPJPY = true; // spread 9

My broker is IBFX and i only trade pair which the spread are 9 or below.
  • #1,116
  • Nov 2, 2008 8:18am Nov 2, 2008 8:18am
Quoting harigp
HI ydaudw

extern int TakeProfit = 100; ==> Initial TakeProfit
extern int StopLoss = 50; ==> Initial TakeProfit, necessary if you lost connection to you broker and your trades go against you

If you keep the above option and connection is ok then you will end up with
100 pip profit/50 pip loss for the entire basket of trade or we have to use
put 0 for both above to target the equity option

Little bit confused , can you clarify what will be the sequence of event
No, its for individual pair not the whole basket. So each pair will have default 100 TakeProfit and 50 StopLos.
  • #1,117
  • Edited 9:36am Nov 2, 2008 8:54am | Edited 9:36am
I went back to the article where this most likely originated and found this tidbit: http://articles.mql4.com/422

Quote
The fourth group of inputs includes only one parameter, but now there is an idea to include additional parameters into this group.
All_Bars determines the number of the calculated history bars. If this parameter is equal to 0 (it is so on default), all available history is calculated. But, as mentioned earlier, the indicators are resource intensive, that is why its use on low-performance computers is problematic. This parameter allows to unburden the machine by limiting the analysed history of quotes. It is noted, that at values 1000 and 500 the operation speed of indicators is significantly higher.
Personally, I'm running this on 12 pairs on a 1.6 ghz intel little valley machine. It doesn't break a sweat.

Thus, I'm going with the recommendation and changing the default value to 1,000. I'm also looking into changing the EA so it can trade multiple currencies from one chart. Here's a quick update for the All_Bars fix.

NOTE: You still need to attach the EA on whatever pairs you want to trade. I have not added multi-currency trading, that is V3.
Attached File(s)
File Type: mq4 Relative Strength EA v2.mq4   22 KB | 979 downloads
  • #1,118
  • Nov 2, 2008 9:12am Nov 2, 2008 9:12am
Thanks for the new EA
Can't wait till the market opens to test

I like doing manual trading but if the EA will work it would be great for night(sleeping) trading
Thanks again for all your hard work much appreciated
Dave
  • #1,119
  • Nov 2, 2008 11:28am Nov 2, 2008 11:28am
I can only run RR's ea's Matrix and ydaudw's show in the folder but can't be selected and attatched. any ideas - it is somethign simple and obvious no doubt....
  • #1,120
  • Nov 2, 2008 3:09pm Nov 2, 2008 3:09pm
Remember one of the first custom indicators created for this strategy on the first thread started by ES?
I was version 1.02b(forgive me I do not remember its creator...not FerruFx)
This indicator showed strength with a + or a - and had the lines for each currency at the bottom of the chart.
It did have refreshing issues but i like the lines at the bottom of the chart because they showed what the currency was doing...for example: On 10/28, JPY was very strong and AUD was very weak...they started to move from these extreme levels(each toward zero) and AUD/JPY had a very strong upmove.
I was wondering if we could take this observation and work it into a reversal strategy.

Just curious if anyone else has noticed this.
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