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Relative Strength Basket Trading System

  • #481
  • Nov 21, 2008 7:32am Nov 21, 2008 7:32am
Quoting eddiemiller
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?
eddie,

We just need the new indicator to find the ENTRY and EXIT. And we use Multipurpose_Trade_Manager EA to manage the profit and loss. For ENTRY you can use the scripts.

Thanks

KG
  • #482
  • Nov 21, 2008 7:39am Nov 21, 2008 7:39am
Quoting Kang_Gun
eddie,

We just need the new indicator to find the ENTRY and EXIT. And we use Multipurpose_Trade_Manager EA to manage the profit and loss. For ENTRY you can use the scripts.

Thanks

KG
Thanks for your help, but that doesn't answer the question.

I understand what the new indicator shows, but when I attach it on it's own on a new chart nothing is displayed at all.

So my question was "what else do we need to have running on a chart to make this work?"

Also I guess this is for manual trades and as you say only on JPY pairs.

If you can list everything on your next post it will help newer members of your following get al least set up correctly and stop repeated questions.

It is clear from reading through the posts that there are more than 1 EA in the list and over 20 indicators/scripts, so a re-cap would be good (like the nice chap did with the Multi Purpose Trade Manager which was easy and quick to setup and see all revisions along the way.

Sory if that sounds harsh, I am trying to save you alot of repoeating yourself and reader frustration.

Eddie
  • #483
  • Nov 21, 2008 7:42am Nov 21, 2008 7:42am
Try 1h chart.


Quoting eddiemiller
Thanks for your help, but that doesn't answer the question.

I understand what the new indicator shows, but when I attach it on it's own on a new chart nothing is displayed at all.

So my question was "what else do we need to have running on a chart to make this work?"

Also I guess this is for manual trades and as you say only on JPY pairs.

If you can list everything on your next post it will help newer members of your following get al least set up correctly and stop repeated questions....
  • #484
  • Nov 21, 2008 7:48am Nov 21, 2008 7:48am
OK so let me summarise at what I have guessed is going on.

Open a USD/JPY 1H chart.

Attach the Multi Purpose Trade Manger (and configure)

Attach the RS_Group_JPY to the chart

Trade on the signal information displayed bottom left (strong/weak)


Should You then trade ALL pairs?
Attached Image (click to enlarge)
Click to Enlarge Name: 21112008_1343.gif Size: 25 KB
  • #485
  • Nov 21, 2008 7:48am Nov 21, 2008 7:48am
Quoting eddiemiller
Thanks for your help, but that doesn't answer the question.

I understand what the new indicator shows, but when I attach it on it's own on a new chart nothing is displayed at all.

So my question was "what else do we need to have running on a chart to make this work?"

Also I guess this is for manual trades and as you say only on JPY pairs.

If you can list everything on your next post it will help newer members of your following get al least set up correctly and stop repeated questions.

It is clear from reading through the posts...
The indicators is not display? have you restart your metatrader?

It's ok thank you for your suggestion, but i will not edit the first page till we finish with the final system. I will leave it, so the readers could follow the progress and what we are doing here...

Thanks

KG
  • #486
  • Nov 21, 2008 7:49am Nov 21, 2008 7:49am
Hi KG thanks for the new indicator. Would you please explain how actually it works? I do know when to trade, I am more interested what is it doing (watching all jpy pairs how strong they are on 1m to 1h hour tf) or ?


Thanks

Mike
  • #487
  • Nov 21, 2008 7:51am Nov 21, 2008 7:51am
Quoting eddiemiller
OK so let me summarise at what I have guessed is going on.

Open a USD/JPY 1H chart.

Attach the Multi Purpose Trade Manger (and configure)

Attach the RS_Group_JPY to the chart

Trade on the signal information displayed bottom left (strong/weak)


Should You then trade ALL pairs?
YES.. the signal is for all JPY pairs. The indicators calculate base on all currency. it's calculate all JPY pairs from M1 to MN chart. I'm trying to develop JPY basket trading isn't it?

Thanks

KG
  • #488
  • Nov 21, 2008 7:54am Nov 21, 2008 7:54am
Quoting mike29
Hi KG thanks for the new indicator. Would you please explain how actually it works? I do know when to trade, I am more interested what is it doing (watching all jpy pairs how strong they are on 1m to 1h hour tf) or ?


Thanks

Mike
M1 to MN and use my strength formula...

Thanks

KG
  • #489
  • Nov 21, 2008 7:56am Nov 21, 2008 7:56am
Kang,

thank you for the update. Is there a script knocking about to execute a trade on all pairs with a single click, or does it not matter if you do them one by one?

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.

So if it is WEAK then on the USD/JPY screen (in that order) we would BUY?
  • #490
  • Nov 21, 2008 8:01am Nov 21, 2008 8:01am
Quoting eddiemiller
Kang,

thank you for the update. Is there a script knocking about to execute a trade on all pairs with a single click, or does it not matter if you do them one by one?
No, it doesn't but there are scripts available. Click the paperclip then hide the attached images; you will see the scripts only a little way down.

  • #491
  • Nov 21, 2008 8:02am Nov 21, 2008 8:02am
Quoting eddiemiller
Kang,

thank you for the update. Is there a script knocking about to execute a trade on all pairs with a single click, or does it not matter if you do them one by one?

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.

So if it is WEAK then on the USD/JPY screen (in that order) we would BUY?
Your welcome my friend,

Yes that's correct. But we need to observe it first. And i have post the script try to find it a few page behind... it's for all JPY only

Thanks & glad you still with us here till now

KG
  • #492
  • Nov 21, 2008 8:02am Nov 21, 2008 8:02am
Hi KG

Should we keep the the first indicator Red yellow in the chart,If we have
the new New one
  • #493
  • Nov 21, 2008 8:06am Nov 21, 2008 8:06am
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[/quote]

Thanks KG
Please explain the white and red line and the 25 50 75 line if it is significant
Thanks
  • #494
  • Nov 21, 2008 8:08am Nov 21, 2008 8:08am
Quoting harigp
Hi KG

Should we keep the the first indicator Red yellow in the chart,If we have
the new New one
it's up to you.. but if you want just use the new one. I'm still have the observations template running on my chart to check everything. We still on observation fase my friend but a step forward...

How your trade?

Thanks

KG
  • #495
  • Nov 21, 2008 8:10am Nov 21, 2008 8:10am
Quoting SteveHopwood
No, it doesn't but there are scripts available. Click the paperclip then hide the attached images; you will see the scripts only a little way down.

I couldn't find a script to execute all JPY pairs in which ever direction required at once. Which one were you referring to?
  • #496
  • Nov 21, 2008 8:18am Nov 21, 2008 8:18am
Quoting eddiemiller
I couldn't find a script to execute all JPY pairs in which ever direction required at once. Which one were you referring to?
5, 6, 10, 11 from the top, depending on your broker. The titles should make it obvious which ones to use.

  • #497
  • Nov 21, 2008 8:21am Nov 21, 2008 8:21am
Quoting eddiemiller
I couldn't find a script to execute all JPY pairs in which ever direction required at once. Which one were you referring to?
i post it here http://www.forexfactory.com/showpost...&postcount=297

KG
  • #498
  • Nov 21, 2008 8:22am Nov 21, 2008 8:22am
Hi KG

I decided to keep both in one chart and seems to be good

I lost 15 minutes to execute the contract eventhough it is weak because
the brain stoped working with new development,otherwise also I dont have
brain
  • #499
  • Nov 21, 2008 8:30am Nov 21, 2008 8:30am
HI KG

This new indicator can also give some direction about the s/w of JPY with
different market opening and closing what you think
  • #500
  • Edited 8:34am Nov 21, 2008 8:32am | Edited 8:34am
Many thanks I get that now.

So........


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.

What other factors do you take into account other than the strong/weak signal, or do you just go for that?

IMPORTANT: The JYP is more than likely to be "weak" during closed Tokyo market times so I wouldn't advise this indicator be used during the closed hours.
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