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Relative Strength Basket Trading System

  • #141
  • Nov 8, 2008 1:45pm Nov 8, 2008 1:45pm
Dear Thread,

Has anybody considered taking X-over/unders of the RS currency lines? It appears on the original basket trading indicator that once currency lines cross they continue to
diverge for a tradeable while.

Lenoxer
  • #142
  • Edited 5:31pm Nov 8, 2008 5:13pm | Edited 5:31pm
Quoting matrixebiz
If I make an EA that you put on 4H and verify with all the lower TimeFrames, how many minutes into the 4H bar to you want to wait for them all to agree?

EDIT: Ok here is an EA I did for testing that checks all (4H down to M1) TimeFrames and if all agree USD+ and JPY- then Buy USDJPY.
WOW.. very fast. Thank you matrixebiz.
So, this ea immediatly will open a trade when the conditions is match?
If yes... cool we'll test it too next week.

Have you code Formula_2 MTF inside this EA or we still need Formula_2 MTF indicator?

Hei... it's sunday ... take a rest and spend your time with family first my friend.

KG
  • #143
  • Nov 8, 2008 5:24pm Nov 8, 2008 5:24pm
Quoting Lenoxer
Dear Thread,

Has anybody considered taking X-over/unders of the RS currency lines? It appears on the original basket trading indicator that once currency lines cross they continue to
diverge for a tradeable while.

Lenoxer
Yes... i plan to suggest crossing strategy toofor the ea. So the ea will open & close a trade base on crossing line at Time Frame that we choose. EA must works for multipairs, and we have an option to choose using current or previous bar conditions. Do you have any idea?

But we only have Matrixebiz and ForexFLASH here... hope other coders will help us soon.

KG
  • #144
  • Edited Nov 9, 2008 1:55am Nov 8, 2008 9:29pm | Edited Nov 9, 2008 1:55am
Hi all,

Next week I will do manual testing to fill the basket (Use Demo account). Rules is very simple, I will use Highest_Lowest_Index indicator to detect which currency will be trade.

Rules :

1. When a currency is highest (strongest) from M1,M5,M15,M30,H1 & H4, i will open the currency using Strongest script.

2. When a currency is lowest (weakest) from M1,M5,M15,M30,H1 & H4, i will open the currency using Weakest script.

All script already set by groups and Profit_take = 15. We will execute immediatly after all the conditions is match. I hope you all could do this test too, please use your demo account and post your result or anything related to this manual testing.

I haven't test the script, if you know how to code please check the scripts. I'm affraid i made a mistake to the codes.

Thanks,

KG

PS: Copy all script (mq4) to your metatrader\expert\scripts folder. Restart your meta and done.
Attached File(s)
File Type: zip Strongest_Lowest_Script.zip   9 KB | 1,963 downloads
  • #145
  • Nov 8, 2008 9:52pm Nov 8, 2008 9:52pm
Quoting Kang_Gun
WOW.. very fast. Thank you matrixebiz.
So, this ea immediatly will open a trade when the conditions is match?
If yes... cool we'll test it too next week.

Have you code Formula_2 MTF inside this EA or we still need Formula_2 MTF indicator?

Hei... it's sunday ... take a rest and spend your time with family first my friend.

KG
Yes, as soon as all conditions are met, trades will be placed. By default it will check for conditions within the first half hour of the 4H bar open which you can change to how ever long you want. You still need Formula_2 MTF in your indicators folder.
Yes, time to take a break
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #146
  • Nov 9, 2008 1:59am Nov 9, 2008 1:59am
Quoting matrixebiz
Yes, as soon as all conditions are met, trades will be placed. By default it will check for conditions within the first half hour of the 4H bar open which you can change to how ever long you want. You still need Formula_2 MTF in your indicators folder.
Yes, time to take a break
Again thank you... that options will help.

see you next monday

KG
  • #147
  • Nov 9, 2008 9:46am Nov 9, 2008 9:46am
My screen resolution is small on my laptop (1024X768), which indicator can I use that only shows + and - (using your formula MA calculations) for each Currency and Timeframe?
So I can make sure my EA is working correctly, I would like to be able to see on my chart, M1 USD + or -, M15 USD + or -, etc... for all currencies and TF's.

Thank you


EDIT: I guess the pic attached is what I'm looking for but can you remove D1, W1 and MN for me? the values on this indicator shows the same values as Formula_2 correct?
Attached Image
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #148
  • Nov 9, 2008 10:56am Nov 9, 2008 10:56am
Quoting matrixebiz
My screen resolution is small on my laptop (1024X768), which indicator can I use that only shows + and - (using your formula MA calculations) for each Currency and Timeframe?
So I can make sure my EA is working correctly, I would like to be able to see on my chart, M1 USD + or -, M15 USD + or -, etc... for all currencies and TF's.

Thank you


EDIT: I guess the pic attached is what I'm looking for but can you remove D1, W1 and MN for me? the values on this indicator shows the same values as Formula_2 correct?
Check your email, please

KG
  • #149
  • Nov 9, 2008 11:15am Nov 9, 2008 11:15am
Thanks man
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #150
  • Nov 9, 2008 2:15pm Nov 9, 2008 2:15pm
(sorry for my english) Hello Kang_Gun, i read your threads on FF, i think you are good man and you do a lot of hard work. Now i follow Relative Strength Basket Trading System, i think it is very promissing. I want develop some kind of system based on Basket Strength and i want to ask you help me a little, please post here mq4 file of CCFp_Experiment indicator. I hope you can help me. Thanks a lot.
  • #151
  • Nov 9, 2008 5:38pm Nov 9, 2008 5:38pm
Quoting Kang_Gun
Hi all,

Next week I will do manual testing to fill the basket (Use Demo account). Rules is very simple, I will use Highest_Lowest_Index indicator to detect which currency will be trade.

Rules :

1. When a currency is highest (strongest) from M1,M5,M15,M30,H1 & H4, i will open the currency using Strongest script.

2. When a currency is lowest (weakest) from M1,M5,M15,M30,H1 & H4, i will open the currency using Weakest script.

All script already set by groups and Profit_take = 15. We will execute immediatly after all the conditions is match. I hope you all could do this test too, please use your demo account and post your result or anything related to this manual testing.

I haven't test...
Gosssssssshh... anybody know why the script only open 2 trade ?
I try "Weakest_is_JPY_Groups but it's only open nzdjpy & audjpy this morning....

KG
  • #152
  • Nov 9, 2008 5:40pm Nov 9, 2008 5:40pm
Dear KG. I am testing your strategy om my demo account and it is working! I have closed all the charts. with this I need only on screen.
Points:
1) It is not enough to see 4 arrows out of 6 in one direction to enter. you have to check relative strength ant the bottom too.
2) the strategy applies mor to short term trade rather than long term.

Do you agree with these points? has somebody tested it on long terms (H1 +) ?
  • #153
  • Nov 9, 2008 5:48pm Nov 9, 2008 5:48pm
Quoting bzagal
Dear KG. I am testing your strategy om my demo account and it is working! I have closed all the charts. with this I need only on screen.
Points:
1) It is not enough to see 4 arrows out of 6 in one direction to enter. you have to check relative strength ant the bottom too.
2) the strategy applies mor to short term trade rather than long term.

Do you agree with these points? has somebody tested it on long terms (H1 +) ?
Do you test my manual testing for this week?
If yes, what you have to do only look to Highest_Lowest_Index indicator, after all agree we open the trade (manual or using script)

KG
  • #154
  • Nov 9, 2008 6:07pm Nov 9, 2008 6:07pm
Quoting Kang_Gun
Check your email, please

KG
Check Email
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #155
  • Nov 9, 2008 6:21pm Nov 9, 2008 6:21pm
Have you looked at correlation of pairs at all? For instance, the daily correlation between the EUR/USD and GBP/USD pairs is about 96% and between EUR/USD and USD/CHF it's about -92%.

I'd be worried about having a basket of currency pairs that are closely correlated like this because you're not really diversifying risk.
You are in a maze of twisty little passages, all alike.
  • #156
  • Nov 9, 2008 10:45pm Nov 9, 2008 10:45pm
hi Matrizebiz,
Can I run your EA KG 4H MTF that you posted that checks timeframes from 4H right down to M1 and plave on a one hour chart?

Reason I ask is I was trying this before and it opened and closed just before the next hour bar with profit, however then stopped making any more changes and in the Experts tab got the "Unkown symbol name for ordersend function" error

I would like to use this to put on the 1h chart and open when 1H, 30m, 5m and 1M all agree within 15 minutes of new 1h bar opening then to close all orders 5 minutes before the next bar

This EA allows this but stops trading due to this error

Can you look at this for me please?

Thanks

Steve
  • #157
  • Nov 9, 2008 11:14pm Nov 9, 2008 11:14pm
(sorry for my english) Hello Kang_Gun, i read your threads on FF, i think you are good man and you do a lot of hard work. Now i follow Relative Strength Basket Trading System, i think it is very promissing. I want develop some kind of system based on Basket Strength and i want to ask you help me a little, please post here mq4 file of CCFp_Experiment indicator. I hope you can help me. Thanks a lot.
  • #158
  • Nov 10, 2008 4:48am Nov 10, 2008 4:48am
Dear all,

Please update your KG INDEX MTF use this version, I found a mistake on logic (actually matrixebiz who found it)....

Thanks

KG
Attached File(s)
File Type: ex4 KG INDEX MTF V1.0a.ex4   75 KB | 2,571 downloads
  • #159
  • Nov 10, 2008 5:39am Nov 10, 2008 5:39am
Quoting safire25
hi Matrizebiz,
Can I run your EA KG 4H MTF that you posted that checks timeframes from 4H right down to M1 and plave on a one hour chart?

Reason I ask is I was trying this before and it opened and closed just before the next hour bar with profit, however then stopped making any more changes and in the Experts tab got the "Unkown symbol name for ordersend function" error

I would like to use this to put on the 1h chart and open when 1H, 30m, 5m and 1M all agree within 15 minutes of new 1h bar opening then to close all orders 5 minutes before the next bar

This EA allows this but stops trading due to this error

Can you look at this for me please?

Thanks

Steve
This error is normal it's not stopping the EA, must have just been no valid trades on the new bar. I would have to create another EA to do what you want because the 4H MTF EA is still checking the 4H bar. Are you getting good results with it on the one hour chat?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #160
  • Nov 10, 2008 6:24am Nov 10, 2008 6:24am
Quoting Kang_Gun
Dear all,

Please update your KG INDEX MTF use this version, I found a mistake on logic (actually matrixebiz who found it)....

Thanks

KG

Hi kang_gun and matrixbiz..

if there is mistake in previous indicator, so is the EA?
the KG_EA ?

please confirm..
if there is mistake too in this EA, please update.

thanks
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