Attachments: Relative Strength Basket Trading System

Relative Strength Basket Trading System

#421
Nov 20, 2008 9:56am Nov 20, 2008 9:56am

matrixebiz
| Joined Nov 2006 | Status: Trader | 1,143 Posts

Quoting eddiemiller

Disliked

Many Thanks

So on the first image this will trade from 5 - 25 minutes of the candle? Is there a best setting for this?

On the second image I cant grasp the time settings. Can you please clarify that for me.

Cheers Eddie

Ignored

Yes, first image will open trades within the first 5-25 minutes of bar open. (Slippage is something else, not related to the time)
There is an issue with the older versions of the EA's with regards to if all your trades are closed within that 5-25 minutes then the EA will open more trades again, which I've fixed in my new version but wasn't sure if anyone is still using the EA's, I'll post later, so it only opens ONE basket of trades per bar. Your second pic is for if you want the EA to confirm with other timeframes the direction of the trade currencies. So if you enable M30 and H1 then the EA will trade if currency on both timeframes agree in direction. or you could have three timeframe confirmation if you have the EA on 4H and Current TF, M30 and H1 all true.

24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not

#422
Nov 20, 2008 10:09am Nov 20, 2008 10:09am

jeff jordan
| Joined Oct 2008 | Status: Trader | 143 Posts

Quoting gav

Disliked

Thank you Jeff
My problem is that when I see the JPY 1 m to 4 h green for a moment ( like this moment - now) and after 2 seconds it changes on 1m and on 5 m.
What do you do then?

Ignored

gav,
That is a very good question, if you know what I mean!
The 1M and 5M (and 15M also) will keep changing direction from time to time,
If the change in direction persists for a longer time, then the other time frames will start to follow i.e. 30 M the 60M etc. This means that a retrace of reverse is in place. Even at this point you will see a change in direction back and forth for the 1 and 5 M.
What I am trying to say is that there is no way (absolutely) to guarantee the direction. All the indicators will give you a “suggested direction” but things may change any time.
Now, if you need to be more accurate you need to study the history of the pair and read everything about it to know the general direction and go with it, without ignoring the news release and fundamentals. This will consume a lot of time and efforts, but to some extent you will eliminate the emotional stress associated with trade. This is the way for a long term trading.
What we are doing here is a little bit different. The way we are trying to trade is utilizing the current direction for shorter periods of time to get some profit (i.e. hit and run!). If things go against you in this approach, it might be a disastrous without a stop loss.
In my opinion, any trade here must not last more than an hour or so, unless it is positive and you have a trailing stop.

#423
Nov 20, 2008 10:12am Nov 20, 2008 10:12am

eddiemiller
| Joined Oct 2008 | Status: Basket Case or Basket Trader? | 798 Posts

eeek that close all - I made the mistake of setting that the $2 (thinking it was tight) but due to the amount of trades opened the spread killed it.

.....I only noticed when 30% of my account got zapped in 2 minutes!

Wont make that mistake again.

If you can post the new EZ (with the candle open time single fix) that would be great. Can you tell me what is the recommended setting (or best setting) for this.

#424
Nov 20, 2008 10:25am Nov 20, 2008 10:25am

harigp
| Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts

Hi Jeff

Good Analysis their

#425
Nov 20, 2008 10:37am Nov 20, 2008 10:37am

gav
| Joined Sep 2008 | Status: Trader | 128 Posts

Quoting jeff jordan

Disliked

gav,
That is a very good question, if you know what I mean!
The 1M and 5M (and 15M also) will keep changing direction from time to time,
If the change in direction persists for a longer time, then the other time frames will start to follow i.e. 30 M the 60M etc. This means that a retrace of reverse is in place. Even at this point you will see a change in direction back and forth for the 1 and 5 M.
[font=Calibri][size=3]What...

Ignored

thanks alot Jeff Jordan

#426
Nov 20, 2008 10:39am Nov 20, 2008 10:39am

Eiman
| Joined Oct 2008 | Status: Means BELIEF | 438 Posts

Hi Anybody!!!

I can't get the EA to work. It's not opening any trades. I reseted it's options but it's steel not working. Could anybody help me please?

Eiman

#427
Nov 20, 2008 10:40am Nov 20, 2008 10:40am

matrixebiz
| Joined Nov 2006 | Status: Trader | 1,143 Posts

Quoting eddiemiller

Disliked

eeek that close all - I made the mistake of setting that the $2 (thinking it was tight) but due to the amount of trades opened the spread killed it.

.....I only noticed when 30% of my account got zapped in 2 minutes!

Wont make that mistake again.

If you can post the new EZ (with the candle open time single fix) that would be great. Can you tell me what is the recommended setting (or best setting) for this.

Ignored

Woops, yes, that would have wiped the account because the EA would have probably kept opening trades and closeing all at -$2 untill MinutesDelayEnd had past but when I post the new version, once the first basket closed, the EA won't open anymore trades.

24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not

#428
Nov 20, 2008 10:48am Nov 20, 2008 10:48am

eddiemiller
| Joined Oct 2008 | Status: Basket Case or Basket Trader? | 798 Posts

Quoting matrixebiz

Disliked

Woops, yes, that would have wiped the account because the EA would have probably kept opening trades and closeing all at -$2 untill MinutesDelayEnd had past but when I post the new version, once the first basket closed, the EA won't open anymore trades.

Ignored

Gulp... thank you. If you can post the new EA I would be very grateful.....

It's not the end of the world, I am just using the take profit not he stop loss value for the time being. I did add 50% to my account in 4 hours so I am about even again.

Is there any particular setting on the time minutesdaelay/start/finish that you would recommend?

Also to get agreement in the moment of price direction the M3 h1 and h4 should all be true, right?

Eddie

#429
Nov 20, 2008 10:56am Nov 20, 2008 10:56am

Eiman
| Joined Oct 2008 | Status: Means BELIEF | 438 Posts

I reseted the EA's options then changed the MinutesDelayEnd as following. It should start trading right away, shouldn't it?

Attached Image (click to enlarge)

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Size: 120 KB

#430
Nov 20, 2008 10:59am Nov 20, 2008 10:59am

jeff jordan
| Joined Oct 2008 | Status: Trader | 143 Posts

Quoting harigp

Disliked

Hi Jeff

Good Analysis their

Ignored

Thanks harigp,
tell you the truth I am still confused in placing EA,s, scripts. Today, I was not able to do any trade because the KG JPY Basket 7 pairs and Close At equity v1.0 are not working properly, they still give me an (x) instead of the smiling face. I hope that once and for all somebody who knows to tell us what to do exactly (i.e. where to place the ea, script etc and how to place them on the chart and change the inputs to work properly), so we can go altogether for some more important issues here.

Jeff

#431
Nov 20, 2008 10:59am Nov 20, 2008 10:59am

eddiemiller
| Joined Oct 2008 | Status: Basket Case or Basket Trader? | 798 Posts

Quoting Eiman

Disliked

I reseted the EA's options then changed the MinutesDelayEnd as following. It should start trading right away, shouldn't it?

Attachment

Ignored

I asked a similar question above ...................... so as I understand it you have 2 and 200..... so it wont start until 2 minutes in to the candle till 200 minutes.

I would suggest you range (2 - 200) is too high, I am waiting for recommended settings to be posted.

Eddie

#432
Nov 20, 2008 10:59am Nov 20, 2008 10:59am

harigp
| Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts

Try the KG 4H MTF EA DT 14/11/08

I think Looks for M1 to H 4

#433
Nov 20, 2008 11:04am Nov 20, 2008 11:04am

harigp
| Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts

Hi Jeff

I did not Know this

The jpy basket is not an EA it is an indicator. Place that in Indicator
Under Expert/Indicator

The JPY 7 pair long or short is script it should goto script

under expert/script

All the indicators of KG is not EA

The EA is only of matrix

#434
Nov 20, 2008 11:05am Nov 20, 2008 11:05am

eddiemiller
| Joined Oct 2008 | Status: Basket Case or Basket Trader? | 798 Posts

I am still getting the error

2008.11.20 17:02:43 KG MTF EA USDJPY,M30: unknown symbol name for OrderSend function

I was told that it didn't matter - but I also note that no trades are being opened...........

On MT4 with Alpari

#435
Nov 20, 2008 11:07am Nov 20, 2008 11:07am

matrixebiz
| Joined Nov 2006 | Status: Trader | 1,143 Posts

Quoting Eiman

Disliked

I reseted the EA's options then changed the MinutesDelayEnd as following. It should start trading right away, shouldn't it?

Attachment

Ignored

Don't put such a wide Minute gap (there isn't 200 minutes in an Hour

)but for trades again you will have to wait until the new bar when you make that change. That part is not my code so not sure why it doesn't reset the minutes until the next candle.

24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not

#436
Nov 20, 2008 11:09am Nov 20, 2008 11:09am

matrixebiz
| Joined Nov 2006 | Status: Trader | 1,143 Posts

Quoting eddiemiller

Disliked

I am still getting the error

2008.11.20 17:02:43 KG MTF EA USDJPY,M30: unknown symbol name for OrderSend function

I was told that it didn't matter - but I also note that no trades are being opened...........

On MT4 with Alpari

Ignored

It's not an error, what settings are you using?

24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not

#437
Nov 20, 2008 11:09am Nov 20, 2008 11:09am

harigp
| Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts

HI eddie

If you want the trade to open fast attach the ea in lower time frame by making the setting true

#438
Nov 20, 2008 11:22am Nov 20, 2008 11:22am

matrixebiz
| Joined Nov 2006 | Status: Trader | 1,143 Posts

Quoting eddiemiller

Disliked

I am still getting the error

2008.11.20 17:02:43 KG MTF EA USDJPY,M30: unknown symbol name for OrderSend function

I was told that it didn't matter - but I also note that no trades are being opened...........

On MT4 with Alpari

Ignored

I'm not using the KG MTF EA anymore. I'm using a ONE timeframe system based on the original theory that seems to be working out so far this week. Just need more testing.