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Relative Strength Basket Trading System

  • #461
  • Nov 20, 2008 5:36pm Nov 20, 2008 5:36pm
... and as I was posting the above my "shirt protection" kicked in and $15.00 got nuked..... LOL

This is being tested on a micro live test account, so real loss for the day is £20.00 (starting balance of £50). I did lose £20.00 earlier on due to a configuration error on my part.

Live and learn.
  • #462
  • Nov 20, 2008 10:42pm Nov 20, 2008 10:42pm
I'm not sure what Timeframes you guys want to test with an EA for confirmation of signal entry so here is my fixed EA that allows for trading with the Current Timeframe only or a mixture of Timeframe confirmations from 4H to M30. If you have any requests for different setups than what the EA provides, let me know.

Good luck
Attached File(s)
File Type: ex4 KG MTF EA.ex4   42 KB | 702 downloads
File Type: ex4 Formula_2 MTF.ex4   16 KB | 634 downloads
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #463
  • Nov 20, 2008 11:10pm Nov 20, 2008 11:10pm
Quoting matrixebiz
I'm not sure what Timeframes you guys want to test with an EA for confirmation of signal entry so here is my fixed EA that allows for trading with the Current Timeframe only or a mixture of Timeframe confirmations from 4H to M30. If you have any requests for different setups than what the EA provides, let me know.

Good luck
Thank you matrixebiz,

Yesterday, i have sent an email to you. Have you receive it?

KG
  • #464
  • Nov 20, 2008 11:18pm Nov 20, 2008 11:18pm
Quoting Kang_Gun
Thank you matrixebiz,

Yesterday, i have sent an email to you. Have you receive it?

KG
Yes, and I sent one back, did you get it? Just need you to send me the rules for the new system if you feel it has been more productive than the other.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #465
  • Nov 21, 2008 3:28am Nov 21, 2008 3:28am
eddiemiller,
Off course dear, we all are still learning, aren’t we? We are testing the s/m, trying to show our results so we all can learn from the experience. It is a sort of brainstorming session, everyone will contribute a bit and at the end some more clear and more accurate formula or s/m etc. will come up to suite most of us.
Here I am using a demo, although, I work with real money and making money (not much though), but I won’t do testing there!!!

To All

Anyway, I started a trade last night (post 459) based on KG Trend ….JPY that showed all were red and headed down (sell). I let KG Basket take the trade for me.
However, Prior to starting that trade, I realized that there was a strong divergence (red lines) on the RSI, indicating that a reversal was in place at that time.
I just want to make a point here. Although, KG Trend….EA or any other indicator we are using showing the current direction and execute the trade accordingly, other factors may come in play and reverse the situation, as shown with the divergence of RSI.
My question is, since we have come so far to the brilliant EA’s, Scripts, and Indicators
IS THERE ANY WAY TO COMPLETE THAT AND DO SOME PREDICTION OF ANY REVERSAL ON THE HORIZONE (SIMILAR TO RSI)?
A POINT FOR DISCUSSION
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd trade B.JPG Size: 195 KB
  • #466
  • Edited 10:05am Nov 21, 2008 5:33am | Edited 10:05am
Dear Thread,

The test using EA, Highest_Lowest_Index, etc still running. During the test i found so many thing and bring me to this idea. Since the beginning, i always want to make this basket system as simple as possible, and as fast as possible make pips. So, i come with this new indicator to make us easy to read etc.

This indicator just for JPY only. The indicator only work at Time Frame H1 and that will be our base Time Frame. On the upper left you will see "JPY :[STRONG/WEAK/FLAT]"... this tell us the strength of JPY.

So when it's strong means we have to SELL all JPY pairs, and
when it's weak means we have to BUY all JPY pairs.

I'm trying to make it's easy for us, just try it first... combine with Multi_Purpose_Trade_Manager EA to control the basket profit and loss. I'm still test this indicators too...

Thanks

KG

EDIT: Go here for new version http://www.forexfactory.com/showpost...&postcount=511
  • #467
  • Nov 21, 2008 5:41am Nov 21, 2008 5:41am
And here the first test using this indicators...

Thanks

KG


http://i37.tinypic.com/rcnhj6.gif
  • #468
  • Nov 21, 2008 6:05am Nov 21, 2008 6:05am
HI KG

With the new Indiactor I think You can plan your exit if you are not using the
EA,once you reach the top if you want
  • #469
  • Nov 21, 2008 6:18am Nov 21, 2008 6:18am
Quoting harigp
HI KG

With the new Indiactor I think You can plan your exit if you are not using the
EA,once you reach the top if you want
harigp,

I wish it's work, base on the calculations it's should work like that..

KG
  • #470
  • Nov 21, 2008 6:24am Nov 21, 2008 6:24am
What a fabulous visual tool, KG. Thank you so much.

I have just taken out my first xxxJPY basket using this tool. Let's see what happens.

  • #471
  • Nov 21, 2008 6:29am Nov 21, 2008 6:29am
Quoting jeff jordan
eddiemiller,
To All

Anyway, I started a trade last night (post 459) based on KG Trend ….JPY that showed all were red and headed down (sell). I let KG Basket take the trade for me.
However, Prior to starting that trade, I realized that there was a strong divergence (red lines) on the RSI, indicating that a reversal was in place at that time.
I just want to make a point here. Although, KG Trend….EA or any other indicator we are using showing the current direction and execute the trade accordingly, other factors may come in play and reverse the situation, as shown with the divergence of RSI.
My question is, since we have come so far to the brilliant EA’s, Scripts, and Indicators
IS THERE ANY WAY TO COMPLETE THAT AND DO SOME PREDICTION OF ANY REVERSAL ON THE HORIZONE (SIMILAR TO RSI)?
A POINT FOR DISCUSSION
Hi,

maybe this helps
Attached File(s)
File Type: zip Index_RSI_MA.zip   21 KB | 778 downloads
  • #472
  • Nov 21, 2008 6:29am Nov 21, 2008 6:29am
Quoting SteveHopwood
What a fabulous visual tool, KG. Thank you so much.

I have just taken out my first xxxJPY basket using this tool. Let's see what happens.

Thank you Steve,

I'm just want to make it easy to use for manual trade.
BTW, the best entry for the basket is when it's cross not in the middle.. but we'll see..

Thanks

KG
  • #473
  • Nov 21, 2008 6:36am Nov 21, 2008 6:36am
Quoting SteveHopwood
What a fabulous visual tool, KG. Thank you so much.

I have just taken out my first xxxJPY basket using this tool. Let's see what happens.

And here the results now...

KG

http://i36.tinypic.com/28i7wgi.gif
  • #474
  • Nov 21, 2008 6:37am Nov 21, 2008 6:37am
First thanks KG very much...

And could you add the popup and ring alert in this RS_GROUP_JPY?

thanks again...

and sorry for my poor English
  • #475
  • Nov 21, 2008 6:45am Nov 21, 2008 6:45am
Quoting chemfly
First thanks KG very much...

And could you add the popup and ring alert in this RS_GROUP_JPY?

thanks again...

and sorry for my poor English
Thank you chemfly,

Your english is very good, better than me... hehehehe
Please, try it first and explore.. we need to check this.. all this come from the observations before that i did using the tools at the first post.

Thanks

KG
  • #476
  • Nov 21, 2008 7:09am Nov 21, 2008 7:09am
Just close the first trade and booked around +1000 pips. I close the trade when i saw the strength is change to weak. I'm waiting the next trade now.

So, what do you think? is it better the ENTRY is taken when the lines crossing each other or just wait till the next candle first ?

Thanks,

KG
  • #477
  • Nov 21, 2008 7:14am Nov 21, 2008 7:14am
Quoting Kang_Gun
Just close the first trade and booked around +1000 pips. I close the trade when i saw the strength is change to weak. I'm waiting the next trade now.

So, what do you think? is it better the ENTRY is taken when the lines crossing each other or just wait till the next candle first ?

Thanks,

KG
So you enter when white crosses red and all arrows are green? JPY should be lowest our highest?

Sry for my lag of understanding.
  • #478
  • Nov 21, 2008 7:17am Nov 21, 2008 7:17am
I let my ea manage my first basket as I am busy today - jumping stop at 100, no tp. Stopped out at about +210 after 12 minutes. Very nice.

Next week, I shall spend more time with the trades and see what happens when I use the indi to signal an exit.

Attached Image (click to enlarge)
Click to Enlarge Name: jpy basket.gif Size: 39 KB
  • #479
  • Nov 21, 2008 7:20am Nov 21, 2008 7:20am
Quoting Kang_Gun
Dear Thread,

The test using EA, Highest_Lowest_Index, etc still running. During the test i found so many thing and bring me to this idea. Since the beginning, i always want to make this basket system as simple as possible, and as fast as possible make pips. So, i come with this new indicator to make us easy to read etc.

This indicator just for JPY only. The indicator only work at Time Frame H1 and that will be our base Time Frame. On the upper left you will see "JPY :[STRONG/WEAK/FLAT]"... this tell us the strength of JPY.

So when it's...
In addition to the RS_Group_JPY, what else needs to be attached to the chart, and is there a template to assist the setup?
  • #480
  • Nov 21, 2008 7:28am Nov 21, 2008 7:28am
Quoting MCFly
So you enter when white crosses red and all arrows are green? JPY should be lowest our highest?

Sry for my lag of understanding.
MCFly, firts read the first page i have writen a note there.

The new indicator is come from the whole observation that we did using all the indicators that i post in the first page. On the new indicator you will se two lines (Red & White) and on the left top of the windows you will see word in bracket []. The word say STRONG if the white line is above the red line and the it's say WEAK if the red line above the white line. So we will trade base on this conditions...

Thanks,

KG
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