Relative Strength Basket Trading System | Page 16 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading system using relative strength 2,816 replies

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading System Using Relative Strength-Part 2 1,499 replies

My version of a relative strength basket 2 replies

Attachments: Relative Strength Basket Trading System
Exit Attachments

Relative Strength Basket Trading System

  • #301
  • Nov 17, 2008 10:32am Nov 17, 2008 10:32am
Quoting Kang_Gun
i believe a few minutes ago there is abuy signal for JPY, did you all take that signal?

hehehehehhe

KG
Hello KG, I love the Highest_Lowest_Index, it would be nice if it give a sound alert when the condition is match. The alert can be set by the user (e.g. M1,M15,H1,H4 or M1-H4, ...)
Good work KG and happy pippin',
gFX
  • #302
  • Nov 17, 2008 10:51am Nov 17, 2008 10:51am
more than +200 pip on buy

Hi KG

Why the EA is not closing the trade at the $ figure I asked for
  • #303
  • Nov 17, 2008 10:53am Nov 17, 2008 10:53am
Quoting greenfx08
Hello KG, I love the Highest_Lowest_Index, it would be nice if it give a sound alert when the condition is match. The alert can be set by the user (e.g. M1,M15,H1,H4 or M1-H4, ...)
Good work KG and happy pippin',
gFX
Thank you... and glad to hear you love it. is it help your trade?
Yes, i plan to add an alert... i will do it on weekend

Thanks

KG
  • #304
  • Nov 17, 2008 10:56am Nov 17, 2008 10:56am
Quoting harigp
more than +200 pip on buy

Hi KG

Why the EA is not closing the trade at the $ figure I asked for
Because you open the trade using the first script not the new one... better you read this.

KG
Attached File(s)
File Type: pdf Multi purpose trade manager instructions.pdf   80 KB | 7,650 downloads
  • #305
  • Nov 17, 2008 11:11am Nov 17, 2008 11:11am
Hi KG


Yes the EA closure is also working fine. My third contract is 100 % profit on
my investmen. No need to open charts script will do everything

When you ae planning for EU basket and any more scrip is in development


It is too Good
  • #306
  • Nov 17, 2008 12:09pm Nov 17, 2008 12:09pm
Quoting Kang_Gun
Thank you... and glad to hear you love it. is it help your trade?
Yes, i plan to add an alert... i will do it on weekend

Thanks

KG
Yes, it gives me a head up wether LONG or SHORT all Jen pairs. Let's say Lowest on JPY from M1 to H4, I look at all Jen charts to see any support/resistance. If things look good I open all LONG JPY pairs. If I see some kind of ressistance, I wait for price to pass, retrace, then I look for Lowest on JPY M1-H4, then open LONG all JPY pairs.

Looking forward the new indy w/ an alert.
Thanks KG and happy pippin'
gFX
  • #307
  • Nov 17, 2008 12:23pm Nov 17, 2008 12:23pm
Quoting greenfx08
Yes, it gives me a head up wether LONG or SHORT all Jen pairs. Let's say Lowest on JPY from M1 to H4, I look at all Jen charts to see any support/resistance. If things look good I open all LONG JPY pairs. If I see some kind of ressistance, I wait for price to pass, retrace, then I look for Lowest on JPY M1-H4, then open LONG all JPY pairs.

Looking forward the new indy w/ an alert.
Thanks KG and happy pippin'
gFX
YES... that you should do... cool
What kind of S/R that you use?

KG
  • #308
  • Nov 17, 2008 12:56pm Nov 17, 2008 12:56pm
Quoting Kang_Gun
YES... that you should do... cool
What kind of S/R that you use?

KG
As for S/R, I watch closely on GJ, and EJ. I put horizontal lines on top and bottom on H4 to M15, put Fib on H1.

Thanks.
Happy pippin'
gFX
  • #309
  • Edited 11:58pm Nov 17, 2008 1:33pm | Edited 11:58pm
Attached are my first tests for KG s/m with the JPY group EA. I used the EA for close at equity amount v1.0.
10 baskets were executed today (shown in the attachments). The time for any basket to hit the target profit varied widely (from 16 min to 5 hrs). As KG says, I am still testing for accuracy and consistency.
Those that took longer time (4-5hrs) seems to be odd and something went wrong there to cause such a dely.
Anyway, I am just presenting my results hoping that some of you who also might have similar observation to think altogether of the reasons and try to look for some reasonable solutions.
Attached Images
  • #310
  • Nov 17, 2008 1:55pm Nov 17, 2008 1:55pm
Quoting greenfx08
As for S/R, I watch closely on GJ, and EJ. I put horizontal lines on top and bottom on H4 to M15, put Fib on H1.

Thanks.
Happy pippin'
gFX
Thank you

KG
  • #311
  • Nov 17, 2008 1:57pm Nov 17, 2008 1:57pm
Quoting jeff jordan
Attached are my first tests for KG s/m with the JPY group EA. I used the EA for close at equity amount v1.0.
10 baskets were executed today (shown in the attachments). The time for any basket to hit the target profit varied widely (from 16 min to 5 hrs). As KG says, I am still testing for accuracy and consistency.
Those that took longer time (4-5hrs) seems to be odd and something went wrong there to cause such a dely.
[b][font=Calibri]Anyway, I am just presenting...
Jeff, i could not see the results too small. Could you save it on statement report? And which EA, i think matrixebiz already made two ea ?

Thanks

KG
  • #312
  • Nov 17, 2008 5:51pm Nov 17, 2008 5:51pm
Today result on jpy basket:
all trades were entered when KG Trend_MTF_Multipairs arrows were up or down on time frame from 1M to 4H
Each ST and TP was adjusted in Multi purpose trade manager.
For all trades was used eather short or long script posted by KG today.


1st - profit 180,- (ST 150 TP 180)
2nd - loss 100,- (ST100 TP 150)
3rd - loss 150,- (ST 150 TP 200)
4th - profit 250,- (ST 200 TP 250)
5th - loss 250,- (ST 250 TP 250)


I guess we need one more indicator before we enter trade. Support, resitance, MA, etc..But in this case we have to open charts for each pair and watch it closely.
How about using ccfp-dff by ferrufx?

TO KG
I have used your script but sometimes it opened just 5 trades and sometime all 7. Do you know how to fix it?
Thanks KG for all your help.
  • #313
  • Nov 17, 2008 6:28pm Nov 17, 2008 6:28pm
Quoting mike29
Today result on jpy basket:
all trades were entered when KG Trend_MTF_Multipairs arrows were up or down on time frame from 1M to 4H
Each ST and TP was adjusted in Multi purpose trade manager.
For all trades was used eather short or long script posted by KG today.


1st - profit 180,- (ST 150 TP 180)
2nd - loss 100,- (ST100 TP 150)
3rd - loss 150,- (ST 150 TP 200)
4th - profit 250,- (ST 200 TP 250)
5th - loss 250,- (ST 250 TP 250)


I guess we need one more indicator before we enter trade. Support, resitance, MA, etc..But in this case we have...
If you use the scripts that i post on post 297, and it's just open less that 7 pairs.. just click it again. The script will open the rest pairs. :-)

Yes, we need to look at Support and Resistance... or another indicators that could tell us OS/OB. As i said a few days ago i'm still working on it.. to find which the best S/R we could use...

CCFP_diff i think could not tell use the SR...

Thanks,

KG
  • #314
  • Nov 17, 2008 8:03pm Nov 17, 2008 8:03pm
trade entered just before th us close

JPY basket was Down from M1 to HI but up on H 4
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 26 KB
  • #315
  • Nov 17, 2008 9:24pm Nov 17, 2008 9:24pm
My first trade on Asia session

The basket was all up at the time of entry
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 23 KB
  • #316
  • Nov 17, 2008 10:10pm Nov 17, 2008 10:10pm
Things are moving along rather nicely and I like the idea of scalping the JPY crosses so I thought I'd post a little something to help add to the thinking process. First I wanted to say thanks to Kang Gun for starting this thread. I wanted to say I had a lot of interest in the first thread but really found myself working only with the JPY crosses or pairs. There for awhile I was doing quite well trading the set of mainly six, the E/J, G/J, U/J, N/J, A/J, C/J but what I was doing was looking to more or less scalp pips under certain conditions. What I am hoping is the info I share might be of some help with determining the best entries of the basket of JPY crosses. I need to understand more about how to use your indicators so maybe there can be an exchange of help.
Anyway, I only know a little about how the relationship or correlation for instance, works with the USD/JPY, EUR/JPY & EUR/USD. My understanding is that for every pip move for the U/J the E/J moves 2 pips, and for every pip move of the E/U the E/J moves one pip. So the EUR/JPY’s movements are controlled by the combination of moves of the U/J mainly, and also the E/U. The thing is the JPY crosses tend to move together quite nicely and one follows the other, follows the other and so on. But the ring leader is the USD/JPY, so where it tends to go, most will follow unless it’s not in any direction very forcefully.

What I had been doing, but things kind of soured and so I stopped since it was my live account. I would observe the correlation of the pairs to make sure they were all were in sync. And I would enter once I got good entry signals, long or short from the ring leader, the U/J but I wanted to know that the EUR/USD AND GBP/USD were also heading in the same direction just prior to me entering, OR if it looked like the E/U & G/U were approaching a strong S/R area that would make them move in the direction of the JPY crosses even if it was for only a 5min candle or two. With that combination, the JPY crosses would literally roar! They would at times, move 400-800 pips in 15 minutes.

So here’s my point, perhaps looking at the strength of the USD compared to the EUR & GBP at the same time as when you get an entry signal for the crosses could be the setup that provides getting into profit quicker? If the JPY is weak then the USD should be weak, and hopefully both the EUR and GBP much stronger. That would more the JPY crosses quicker into profit. I also noticed that the most profits I made the easiest were during the beginning of the Asian session or sometimes the slower US session, which I’ve noticed are times that charts that have been posted have been showing profits.

Hopefully I’ve contributed enough to ask a stupid question or two about how to use some of your indicators.

Pip Hunter
PipHunter
  • #317
  • Nov 18, 2008 1:51am Nov 18, 2008 1:51am
Quoting Kang_Gun
Thank you... and glad to hear you love it. is it help your trade?
Yes, i plan to add an alert... i will do it on weekend

Thanks

KG
wow.. we wait for indi with alert.. it will help so much...
better hurry.. hehe

thanks
  • #318
  • Nov 18, 2008 6:35am Nov 18, 2008 6:35am
to KG
Hello. How can I move up KG INDEC MTF on my screen? It's too low and I can't see all .
Thanks
  • #319
  • Edited 11:46am Nov 18, 2008 6:35am | Edited 11:46am
Quoting Kang_Gun
Jeff, i could not see the results too small. Could you save it on statement report? And which EA, i think matrixebiz already made two ea ?

Thanks

KG

Sorry KG, I will attach them one at a time!
I used the following:
KG Trend_MTF_MULTIPAIRS JPY
Highest_Lowest_index
CloseAtEquityAmount v1.0
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 290 KB
  • #320
  • Edited 11:48am Nov 18, 2008 6:39am | Edited 11:48am
Quoting Kang_Gun
Jeff, i could not see the results too small. Could you save it on statement report? And which EA, i think matrixebiz already made two ea ?

Thanks

KG
Second one
Attached Image (click to enlarge)
Click to Enlarge Name: 2.JPG Size: 305 KB
0 traders viewing now