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Relative Strength Basket Trading System

  • #341
  • Nov 19, 2008 5:31am Nov 19, 2008 5:31am
KG,
This trade was taken by KG_JPY....7pairs once all arrows were headed down. The immage was taken afew minutes after.
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  • #342
  • Edited 6:29am Nov 19, 2008 5:37am | Edited 6:29am
25 minutes later, things are going bad!!
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  • #343
  • Nov 19, 2008 6:50am Nov 19, 2008 6:50am
after 90 min, things are extremely bad.
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  • #344
  • Nov 19, 2008 10:23am Nov 19, 2008 10:23am
finally, after 5 hrs, the trade was closed manually (the EA closeatequity... did not work!) at a profit of $ 110.
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  • #345
  • Nov 19, 2008 10:32am Nov 19, 2008 10:32am
Another trade using KG_JPY... based on KG Trend_...JPY group. This image is prior to entry and showing all the pairs are in red and headed down, right?!
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  • #346
  • Nov 19, 2008 10:55am Nov 19, 2008 10:55am
Another trade using KG_JPY... based on KG Trend_...JPY group. This image is prior to entry and showing all the pairs are in red and headed down, right?!
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  • #347
  • Nov 19, 2008 11:00am Nov 19, 2008 11:00am
Salam KG,

I read the thread twice and will read it once more. I'll be testing it next week. I really like the idea of basket trading. Thanks for sharing your knowledge.

Eiman
  • #348
  • Edited 11:29am Nov 19, 2008 11:18am | Edited 11:29am
The previous trade (post 346) took only 12 minutes to give $ 170 profit (since the CloseAtEquity.. did not work, i closed them manually, and by the time I completed the 7 pairs $20 were added to the profit.

O.K. it is obvious that sometimes it works perfect (within minutes!!!), other times might take hours (it may succeed or fail!!!).

So, using stop loss will save time, and perhaps allow us to re-enter a profitable trade. Yet, TP vs. SL will again be under testing and manuvaring back and forth to find the most appropriate combination (end up with some profit).

Some suggested 2:1, 3:1 TP to SL. i.e. if you lose 2 or 3 trades you can compensate with 1 profitable trade in these cases.

KG, I hope these examples are clear to read and please comment on them.

Thanks

Jeff
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  • #349
  • Nov 19, 2008 11:54am Nov 19, 2008 11:54am
Jeff I'm attaching a close all EA, just insert the value you want it to close all trades at, you can put negative values too if you want to protect against to large a loss. It worked perfectly for two JPY baskets earlier today.

I'd just like to say a Big thanks to Kang, Steve hopwood , and all the other great guys from this thread that are helping traders like me get our heads around this method,

Cheers,

Cal
Attached File(s)
File Type: mq4 CloseAll-PL.mq4   4 KB | 764 downloads
  • #350
  • Nov 19, 2008 12:15pm Nov 19, 2008 12:15pm
Quoting jeff jordan
The previous trade (post 346) took only 12 minutes to give $ 170 profit (since the CloseAtEquity.. did not work, i closed them manually, and by the time I completed the 7 pairs $20 were added to the profit.

O.K. it is obvious that sometimes it works perfect (within minutes!!!), other times might take hours (it may succeed or fail!!!).

So, using stop loss will save time, and perhaps allow us to re-enter a profitable trade. Yet, TP vs. SL will again be under testing and manuvaring back and forth to find the most appropriate combination (end up...
Hello Jeff Jordan
Please send the trades tomorrow as you open them , so we can comper them .
Thank you
  • #351
  • Nov 19, 2008 12:37pm Nov 19, 2008 12:37pm
Quoting gav
Hello Jeff Jordan
Please send the trades tomorrow as you open them , so we can comper them .
Thank you
gav, off course I will, we do not want the "mastermind" KG to get upset and close this valuable thread, do we?

Salam KG, guys and gals
After downloading the new KG JPY Basket ....7 pairs, I get an (x) instead of a smiling face. I did mark "allaow live trade" and I do click the expert adviser!!

What seems to be the problem? need help on that, please.
  • #352
  • Nov 19, 2008 1:08pm Nov 19, 2008 1:08pm
Quoting jeff jordan
gav, off course I will, we do not want the "mastermind" KG to get upset and close this valuable thread, do we?

Salam KG, guys and gals
After downloading the new KG JPY Basket ....7 pairs, I get an (x) instead of a smiling face. I did mark "allaow live trade" and I do click the expert adviser!!

What seems to be the problem? need help on that, please.
Jeff, you have to put that scripts in Metatrader\expert\scripts directory.... that's not EA...

thanks,

KG
  • #353
  • Nov 19, 2008 1:27pm Nov 19, 2008 1:27pm
Quoting jeff jordan
The previous trade (post 346) took only 12 minutes to give $ 170 profit (since the CloseAtEquity.. did not work, i closed them manually, and by the time I completed the 7 pairs $20 were added to the profit.

O.K. it is obvious that sometimes it works perfect (within minutes!!!), other times might take hours (it may succeed or fail!!!).

So, using stop loss will save time, and perhaps allow us to re-enter a profitable trade. Yet, TP vs. SL will again be under testing and manuvaring back and forth to find the most appropriate combination (end up...
Yes, very clear.. and everything you've got today.. we already know that. And that's why we use "Multi_purpose_trade_manager" EA to handle this. We can set total Profit & Loss quantity using that EA. Harigp, still observing what's total loss in $ that's optimum to be set and me too.

I start observe this basket trade blindly, and after that i found the probability to win is high... very high. In that test i'm just do the trade like you did, when it's red i sell, when it green i buy and close the previous trade..

As i mention at my first page we try to find the best entry and exit.. and developing a strategy base on market conditions... Today before US open is choppy market...

Anyway, you've got something... i'm waiting your great idea after you get experience with this.

Thanks

KG
  • #354
  • Nov 19, 2008 1:31pm Nov 19, 2008 1:31pm
Quoting currymonster
Jeff I'm attaching a close all EA, just insert the value you want it to close all trades at, you can put negative values too if you want to protect against to large a loss. It worked perfectly for two JPY baskets earlier today.

I'd just like to say a Big thanks to Kang, Steve hopwood , and all the other great guys from this thread that are helping traders like me get our heads around this method,

Cheers,

Cal
Thank you...
So how is the results ?
Any idea?


Thanks,

KG
  • #355
  • Nov 19, 2008 1:33pm Nov 19, 2008 1:33pm
Quoting Eiman
Salam KG,

I read the thread twice and will read it once more. I'll be testing it next week. I really like the idea of basket trading. Thanks for sharing your knowledge.

Eiman
Thank you brother, i'm waiting your testing result and the idea that could share here...

Salam,

KG
  • #356
  • Nov 19, 2008 1:37pm Nov 19, 2008 1:37pm
Quoting gav
Hello Jeff Jordan
Please send the trades tomorrow as you open them , so we can comper them .
Thank you
hi gav, good morning (it's 04:00 am here)

How about you, everything works?

Thanks

KG
  • #357
  • Nov 19, 2008 3:49pm Nov 19, 2008 3:49pm
Quoting Kang_Gun
hi gav, good morning (it's 04:00 am here)

How about you, everything works?

Thanks

KG
Hello KG and all, here is the trade i took today.

My analysis:
- Point 1: 61.8 Fibo support
- Point 2: Price passed resistance (most current one)
- Point 3: All JEN Lowest on M1-H4
- Point 4: Trend line supoort.
- Also the 13:45 candle tried to go down but it reversed back up. I was watching it so I feel the UP momentum is strong, hence give me more confidence.

So i went LONG all Jen pairs.
And if you took that trade you know how fast it skyrocket up.

Thank you KG for the great tools and I urge to play with the Indys with alert.
Happy pippin'
gFX
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  • #358
  • Nov 19, 2008 4:51pm Nov 19, 2008 4:51pm
Here are trades from today SL 250 TP 250

Thanks KG for sharing.
Mike
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  • #359
  • Nov 19, 2008 5:55pm Nov 19, 2008 5:55pm
Quoting currymonster
Jeff I'm attaching a close all EA, just insert the value you want it to close all trades at, you can put negative values too if you want to protect against to large a loss. It worked perfectly for two JPY baskets earlier today.

I'd just like to say a Big thanks to Kang, Steve hopwood , and all the other great guys from this thread that are helping traders like me get our heads around this method,

Cheers,

Cal

CurryMonster,

Is this an EA or a script? Thanks for the contribution.

1Trader2
  • #360
  • Nov 19, 2008 6:32pm Nov 19, 2008 6:32pm
Quoting Kang_Gun
Thank you...
So how is the results ?
Any idea?


Thanks,

KG
Hi Kang I had two successful buy baskets, 1 @ 14:43 gmt for about $250 in 25 mins trading 1.0 mini lots on an ibfx mini starting today with $2000, and then a second buy basket about 14:22 for about $200 and 19 mins.

I dabbles with some shorts this evening, but set the close all EA just a bit high that time and lots a bit , so far, if you aim for about 15o pips I think thats a good high win target (trading 6 pairs in my case)


Final tally today up 19% just going by the KG Trend MTF multipairs - JPY indicator, and that was only trading a short chunk this afternoon.

As mentioned before, a secondary filter indicator to check before pulling the trigger would be good, but this is great already,

Thanks for posting this powerful method,

Cheers,

Cal
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