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Relative Strength Basket Trading System

  • #321
  • Nov 18, 2008 7:38am Nov 18, 2008 7:38am
Trade which I did half hour ago.
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  • #322
  • Nov 18, 2008 7:46am Nov 18, 2008 7:46am
and after missed much beter trade
  • #323
  • Nov 18, 2008 8:28am Nov 18, 2008 8:28am
The attached is the contracts booked today Asia session from my house computer and came back now from office

Now the EA has booked for US$ 100
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  • #324
  • Nov 18, 2008 8:46am Nov 18, 2008 8:46am
This one was a nice trade, it went immediately into profit, no real drawdown other than the spreads. The one thing I liked about the setup was that the USD was showing a small amount of weakness in the M1 & M5 on the lowest chart (which continued to grow) and both the EUR & GBP looked mildly stronger (which also grew slightly during the trade). I closed out the trade with 150 pips which is great!
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PipHunter
  • #325
  • Nov 18, 2008 11:28am Nov 18, 2008 11:28am
see the time taken to make 100 $
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  • #326
  • Nov 18, 2008 1:14pm Nov 18, 2008 1:14pm
Us session trade

Free Fall
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  • #327
  • Nov 18, 2008 1:24pm Nov 18, 2008 1:24pm
This trade (and another similar one) was opened more than 24 hrs ago and still going on. The closeatequity was set at 40 pips profit, never reached that.
Looking at the charts and calculating the highest price peak within the last 24 hrs for the 6 pairs shown here, the price never reached +9 pips!!!
Does this call for a reverse trade, may be or what? If this trade was reversed, the profit might have been hit several times.
Now, as I understood the approach was easy. Look for correlated direction of 1m to 4h and accordingly sell (if down) or buy (if up). The EA will execute the trades according to the direction of the price. So how come that a positive 40-pips was not hit, while a negative 180-pip was reached several times?!!!
Any thoughts?
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  • #328
  • Nov 18, 2008 1:40pm Nov 18, 2008 1:40pm
Hi Jeff

Instead of profit based on PiP, If you give profit in $ in globale close you may hit the target

That is what I am doing
  • #329
  • Nov 18, 2008 3:44pm Nov 18, 2008 3:44pm
Quoting harigp
Hi Jeff

Instead of profit based on PiP, If you give profit in $ in globale close you may hit the target

That is what I am doing
Harigp
it is added to the equity, so it is in $
  • #330
  • Edited 4:46pm Nov 18, 2008 4:32pm | Edited 4:46pm
Quoting jeff jordan
This trade (and another similar one) was opened more than 24 hrs ago and still going on. The closeatequity was set at 40 pips profit, never reached that.
Looking at the charts and calculating the highest price peak within the last 24 hrs for the 6 pairs shown here, the price never reached +9 pips!!!
Does this call for a reverse trade, may be or what? If this trade was reversed, the profit might have been hit several times.
[color=black]Now, as I understood the approach was easy. Look...
24 hours ?? wow i don't know what is happened to you.. But here is the result of the trade that i took 24 hours ago.. than still open till now...

Jeff, please try to post the chart when you open all the trades .. Just try again, and please show us on the chart all the indicators too.. it will be good if you took the picture before and after you open the trades... just for analysis.

Thanks,

KG

http://i36.tinypic.com/14io3eq.gif
  • #331
  • Nov 18, 2008 4:51pm Nov 18, 2008 4:51pm
Quoting Pip Hunter
This one was a nice trade, it went immediately into profit, no real drawdown other than the spreads. The one thing I liked about the setup was that the USD was showing a small amount of weakness in the M1 & M5 on the lowest chart (which continued to grow) and both the EUR & GBP looked mildly stronger (which also grew slightly during the trade). I closed out the trade with 150 pips which is great!
Nice work there Pip... please always post your observations that using small TF

Thanks

KG
  • #332
  • Nov 18, 2008 4:55pm Nov 18, 2008 4:55pm
Quoting harigp
Us session trade

Free Fall
Hari, how about the whole results now?
Do you think to wait and open the trade when the market open is better?
I saw you did it when the market open only..

Thanks

KG
  • #333
  • Nov 18, 2008 4:56pm Nov 18, 2008 4:56pm
Quoting Pip Hunter
[color=black]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 [font=Times New Roman][font=Verdana]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...
Thank you, i will check this...

KG
  • #334
  • Nov 18, 2008 8:37pm Nov 18, 2008 8:37pm
Hi KG

My observation for the two days are as follows

I enter for trade on JPY basket

Bright sunlight : Yellow arrows are up and bright and Buy

Pitch Dark : Red Arrows are down and very dark sell

Yes I look for some form of timing but still not properly establised

I am looking for 50 % retun on investment. Since My broker is fxdd the maximum pairs are 4 and with lot size of .10 the total investment is $ 236
and I am looking for a gain of $ 100

I have achived it in 4 contracts yesterday

My main observation is what is the maximum drawdown

The contract which is running now I have seen the loss touched $ 400
but recovered now

I also opened one JPY chart 1 Minute to check the market movment

So far seems good to me

Pip hunter analysis is worth looking
  • #335
  • Nov 18, 2008 9:08pm Nov 18, 2008 9:08pm
Which EA is the best ?
and who can get the system all of this ?

sorry for my bad English...I am coming from China

Sorry again...
  • #336
  • Nov 18, 2008 9:23pm Nov 18, 2008 9:23pm
HI chem

If you look on the top right hand side there is a clip you can copy all the indicators. There are two EA on this both of them you can try

Click on the clip and you will get all the attachments for this system
  • #337
  • Nov 18, 2008 10:18pm Nov 18, 2008 10:18pm
hi all,

from what i observe, asian session is not good to trade.. i lost 2 times in asian session...

i think european session and us session is a better trade..
you think the best would be us session, rite?

what do you think?

please share..

thanks
  • #338
  • Nov 18, 2008 11:24pm Nov 18, 2008 11:24pm
Quote
24 hours ?? wow i don't know what is happened to you.. But here is the result of the trade that i took 24 hours ago.. than still open till now...

Jeff, please try to post the chart when you open all the trades .. Just try again, and please show us on the chart all the indicators too.. it will be good if you took the picture before and after you open the trades... just for analysis.

Thanks,

KG

Fellows
The trade at 327 post is kept going on up to now. I am still trying to figure out what might happen when things go wrong. One approach is to look around in other sites for Tech. Analysis and also for Fundamentals. I am talking about a particular case here. We are focusing totally on Tech. Analysis and ignoring Fundamentals. It is possible that when we first open the trade according to the indi’s and EA’s, things are right, but later Fundamentals and news release might interfere to reverse the trade (at this point the trade is open and we are not in control).
In the above mentioned trade, the price never reached (or more precisely never returned to the initial opened price) and the main reason is the Fundamentals.

KG,lucky you!
Once I get out of this loosing trade (although it is a demo, but I hate to loose), I will open another and I will do what you have recommended. All I need is to devote some more time to this amazing business.

Thanks
  • #339
  • Nov 19, 2008 12:02am Nov 19, 2008 12:02am
I am keeping a note of the session I trade.

I want to experment when Asia,Europe and UK leaves the place and
opening of Us and closing of US
  • #340
  • Nov 19, 2008 5:14am Nov 19, 2008 5:14am
Trade executed based on Highest and lowest
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