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Trading System Using Relative Strength-Part 2

  • #1,161
  • Nov 3, 2008 8:33pm Nov 3, 2008 8:33pm
Quoting ES Trader
Ho Kanggun,
This is what I have been trying out with the pairs.Combing the strongest and weakest and forming a pair. So far all the trades have been positive. Let me see what happens to his trade.
I suggest use M15 as your exit sign.
When you see the strongest on H4 become the weakest on M15 or the weakest on H4 become the strongest on M15 just close your trade. And wait till small TF have same conditions to re entry the trade. Sometimes I use M5 as my Exit signal too.

So, in 4 hours you can fill your basket several times.. it's better than we close all trade till 4H bar finish.

KG
  • #1,162
  • Nov 3, 2008 8:53pm Nov 3, 2008 8:53pm
Quoting Kang_Gun
I suggest use M15 as your exit sign.
When you see the strongest on H4 become the weakest on M15 or the weakest on H4 become the strongest on M15 just close your trade. And wait till small TF have same conditions to re entry the trade. Sometimes I use M5 as my Exit signal too.

So, in 4 hours you can fill your basket several times.. it's better than we close all trade till 4H bar finish.

KG
Thanks , I will try it out
kris
  • #1,163
  • Nov 4, 2008 12:15am Nov 4, 2008 12:15am
Quoting matrixebiz
Cool What are the new features?
So your EA works on two TimeFrames? If I just want to trade on One TimeFrame, do I just set Timeframe 1=60 and Timeframe2=60?
How how does your Equity profit work. If I want the EA to close all trades when I get a 5% increase, do I put 105 in the Equity TP spot?
Lot Size says 10000 but I have lots set at 0.1
What do I use when I change my chart to H4?

Oh, and I forgot to mention, the EA keeps opening trades on the next hour bar even though I already have trades open from the previous bar.
Couple of bug fixed.
That's the original idea but I haven't work on multiple TimeFrame yet. So currently that does nothing.

I tried to make my EA to become independent and complete trading tool set. By showing multiple TimeFrame allow us to see a bigger picture what is going on. I will add and show couple of more information, one of them is Kang_Gun idea to show lowest to highest.

10000 is contract size. I found bug in Equity profit, still need to do more test. If anyone have suggestion about this Equity profit please share. I will consider and try to add it on the next release.

Re EA keeps opening trades on the next hour: can you show me some picture and trading history? I don't experience this issue.
  • #1,164
  • Nov 4, 2008 12:47am Nov 4, 2008 12:47am
Quoting ES Trader
Ho Kanggun,
This is what I have been trying out with the pairs.Combing the strongest and weakest and forming a pair. So far all the trades have been positive. Let me see what happens to his trade.
Please give me an axplanation about the 4 last trades
Sorry I understand the first 6 trades but can not understand how did you come to the conclusion for last 4 . Did you change something in the indicator?
  • #1,165
  • Nov 4, 2008 1:02am Nov 4, 2008 1:02am
Quoting ydaudw
Couple of bug fixed.
That's the original idea but I haven't work on multiple TimeFrame yet. So currently that does nothing.

I tried to make my EA to become independent and complete trading tool set. By showing multiple TimeFrame allow us to see a bigger picture what is going on. I will add and show couple of more information, one of them is Kang_Gun idea to show lowest to highest.

10000 is contract size. I found bug in Equity profit, still need to do more test. If anyone have suggestion about this Equity profit please share. I will consider and try to add it on the next release.

Re EA keeps opening trades on the next hour:...
Thank you Daud....

I have observed the idea and look like it's promising. I'll send you a pm soon.

KG
  • #1,166
  • Nov 4, 2008 1:28am Nov 4, 2008 1:28am
Quoting ES Trader
Thanks , I will try it out
kris
Kris,

I found that when almost all TF or all TF agree the currency will move strong and that's the best and savest time to entry. Check the picture below. When almost all TF said that JPY is the weaknest (Check the bottom indicator at the picture) all JPY group will move UP (Check the JPY group trend at the top of picture).

Thanks

KG
Attached Image (click to enlarge)
Click to Enlarge Name: mtf.jpg Size: 116 KB
  • #1,167
  • Nov 4, 2008 1:34am Nov 4, 2008 1:34am
Quoting LuboLabo
This shows the current currencies level.
I hope it can help.

Lubo
Thank you Lubo...

KG
  • #1,168
  • Nov 4, 2008 2:17am Nov 4, 2008 2:17am
Quoting ES Trader
Thanks , I will try it out
kris
And this what is happened a few minutes ago... when JPY is the strongest currency from M1 to H1 all JPY group move down. The bad thing is it's hard to open it manually, and finally i think we need an EA to do this.

Since the morning i observe this.. and found that if M5 to H1 agree that's enough for us to fill our basket and close all trade when the condition change on M5 or M15. Or we can set TP manualy for each pair.. let's say 15 pips so when we open 7 pairs that's good enough all TP will be hit.

The advantage is the strongest and the weakest at M1 to H1 change periodically. This is an opportunity for this idea, because the trade will frequently open.

Hope this help

KG
Attached Image (click to enlarge)
Click to Enlarge Name: mtf2.jpg Size: 114 KB
  • #1,169
  • Nov 4, 2008 2:18am Nov 4, 2008 2:18am
Hi kang

Can you share the indicator as shown in your graph for us also
  • #1,170
  • Nov 4, 2008 2:42am Nov 4, 2008 2:42am
Quoting harigp
Hi kang

Can you share the indicator as shown in your graph for us also
Actually i'm not a good coder..
I make those indicators this morning just to help me observe the price movement base on the highest and lowest index idea... I'll post it soon after finish the rest groups...

Thanks

KG
  • #1,171
  • Nov 4, 2008 3:24am Nov 4, 2008 3:24am
Quoting Kang_Gun
Kris,

I found that when almost all TF or all TF agree the currency will move strong and that's the best and savest time to entry. Check the picture below. When almost all TF said that JPY is the weaknest (Check the bottom indicator at the picture) all JPY group will move UP (Check the JPY group trend at the top of picture).

Thanks

KG
In fact not only are you looking for strongest vs weakest, but also for the moments of breakouts..... You are down the same road as I am. Excellent approach with the KG_Trend_MTF Multipairs indicators. Could you please post these for us here?

I may not be posting all the time, but I'll be on your tail...... watching all your results and posts here. THX you are doing a marvelous job !!!!!!

Here is another one quite recently posted by ForexFlash which helps pinpointing breakouts. Post 727 ont his page: http://www.forexfactory.com/showthre...112522&page=49

Hope you like it too....... Read my comments in the same thread.....

Cheers, John
  • #1,172
  • Nov 4, 2008 3:25am Nov 4, 2008 3:25am
HI Kang

I thought this indicator is already avilable

Seems good on the chart

we are waiting for you to complete the indicator

thanks
  • #1,173
  • Nov 4, 2008 4:04am Nov 4, 2008 4:04am
KG,

I just read your posts and also your screenshots and..... WOW!

Very excited to test it out.

Again.... Excellent work !
  • #1,174
  • Nov 4, 2008 5:48am Nov 4, 2008 5:48am
Quoting ydaudw
Re EA keeps opening trades on the next hour: can you show me some picture and trading history? I don't experience this issue.
OK, here you go. I'm using IBFXm, running 4H and you'll notice I have trades open from 04:00 and now trades from 08:00.
Thanks
Attached Image
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,175
  • Nov 4, 2008 7:13am Nov 4, 2008 7:13am
Quoting matrixebiz
OK, here you go. I'm using IBFXm, running 4H and you'll notice I have trades open from 04:00 and now trades from 08:00.
Thanks
I'm not sure what you are trying to say. Those are different pair? If there are new signal next 4H then EA will open new position.

Let say: Now we got Buy signal on EURUSD, what happen on the next 4H:
- If signal on EURUSD is disappear from the list then EA do nothing
- If Sell signal on EURUSD then EA will close current Buy and Open Sell position.

Hopes this clarify?
  • #1,176
  • Nov 4, 2008 7:34am Nov 4, 2008 7:34am
Kang Gun,
I did another trade this AM and was positive again. I hope you understand what I am doing. I just want to make sure we both are in the same wave length.
What I do is ,Go LONG with two currencies where both are positive and go short currencies that are both negative. In other words for eg If both EUR and USD is positive I GO LONG eurusd.
Is that waht you are saying as well in your method?
thanks
Kris
  • #1,177
  • Nov 4, 2008 8:04am Nov 4, 2008 8:04am
Quoting ES Trader
What I do is ,Go LONG with two currencies where both are positive and go short currencies that are both negative. In other words for eg If both EUR and USD is positive I GO LONG eurusd.
Is that waht you are saying as well in your method?
thanks
Kris
This is a new spin... And you say they have all been positive trades?
  • #1,178
  • Nov 4, 2008 8:12am Nov 4, 2008 8:12am
Quoting tommyd
This is a new spin... And you say they have all been positive trades?
So far, Yes. I realise this is exactly opposite of what I was saying in my first post. I did another trade on Ibfx. Went postive again.
kris
  • #1,179
  • Nov 4, 2008 8:15am Nov 4, 2008 8:15am
here it is
Attached Image (click to enlarge)
Click to Enlarge Name: 33.gif Size: 70 KB
  • #1,180
  • Nov 4, 2008 8:21am Nov 4, 2008 8:21am
Quoting ES Trader
Kang Gun,
I did another trade this AM and was positive again. I hope you understand what I am doing. I just want to make sure we both are in the same wave length.
What I do is ,Go LONG with two currencies where both are positive and go short currencies that are both negative. In other words for eg If both EUR and USD is positive I GO LONG eurusd.
Is that waht you are saying as well in your method?
thanks
Kris
Kris, i understand what you are doing.
But did you check the index value for both currency? You said that when EUR and USD positive you go LONG, actualy you can do that IF the EUR index value is higher than USD but if EUR index value lower than USD you should go SHORT. When both EUR & USD are positive or negative it's mean continuation movements, and the direction will follow the currency which have the highest index value. Hope it's clear... For the best trade if you wanna do a single pair, just trade pairs that give you the highest and the lowest index value. Lets say USD is the highest and GBP is the lowest so you open SELL GBPUSD. Why, because the high index value means the currency is strong and the low index value means the currency is weak.

What i'm doing now is to find the best entry time to trade all pairs that related to the highest and lowest current index value.

thank you,
KG
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