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Relative Strength Basket Trading System

  • #541
  • Nov 21, 2008 11:02am Nov 21, 2008 11:02am
Quoting eddiemiller
That would be nice................. things have not worked out on this today. The EA seems to have been spooked and traded the exact opposite of what would have been good.
The EA's I posted are not based on this new system but on the old. Waiting for some rules laid out for me from KG so I can put something together this weekend to test.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #542
  • Nov 21, 2008 11:04am Nov 21, 2008 11:04am
@Kang Gun

I love the RS_Group indicator. Great work. I know its impertinent to ask but maybe it is possible to code this indicator for other currencies and maybe timframes too.

Regards
  • #543
  • Nov 21, 2008 11:04am Nov 21, 2008 11:04am
Thanks a lot KG
  • #544
  • Edited 2:53pm Nov 21, 2008 2:52pm | Edited 2:53pm
Finally wiped my account out, I am wondering if my settings are causing this as other testers seem to be getting good results.

Would anyone else using the MTF EA please post their settings so that I may compare please.

Many thanks

Eddie
  • #545
  • Nov 21, 2008 2:53pm Nov 21, 2008 2:53pm
Quoting Kang_Gun
Thank you shiva,

Yes, it's sometime happened to me too. But with Steve scripts i just run the script several time till the orders is placed.

And the idea to put Maximum deviation could be great, ok let the master of scripts do it for us. OK, Steve i think it's your part now...

Thanks

KG
Hehe. Will do. Really busy this weekend (I am the piano accompanist at a music festival here in the UK) but will do this Sunday night.

  • #546
  • Nov 21, 2008 4:12pm Nov 21, 2008 4:12pm
Quoting SteveHopwood
Hehe. Will do. Really busy this weekend (I am the piano accompanist at a music festival here in the UK) but will do this Sunday night.

Thank you Steve,

KG
  • #547
  • Nov 21, 2008 4:40pm Nov 21, 2008 4:40pm
Quoting MCFly
@Kang Gun

I love the RS_Group indicator. Great work. I know its impertinent to ask but maybe it is possible to code this indicator for other currencies and maybe timframes too.

Regards
Yes, it's possible but i'm worry if we load all currency RS_Group indicators to the chart the computers will be very very busy.. hehehehehe but i will code it all.

KG
  • #548
  • Nov 21, 2008 4:41pm Nov 21, 2008 4:41pm
Quoting eddiemiller
Finally wiped my account out, I am wondering if my settings are causing this as other testers seem to be getting good results.

Would anyone else using the MTF EA please post their settings so that I may compare please.

Many thanks

Eddie
Eddie,

Just start with manual first like we all do here...

KG
  • #549
  • Nov 21, 2008 6:59pm Nov 21, 2008 6:59pm
Hi KG

Just some thoughts about the JPY basket

My first contract with the indicator was a flop manily because the GJ buy
made lot of pip loss and the basket got messed due to that.

My second contract was 100 % profit with maximum drawdown up to the margin amount.

Looking into the JPY basket can we make two groups of JPY

Group One G,E,U/J
Group two AU,NZ,CHF and CAD/JPY

This is based on country wise other ecnomic factors

What is your thoughts on this
  • #550
  • Nov 21, 2008 7:17pm Nov 21, 2008 7:17pm
My statment
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 26 KB
  • #551
  • Nov 21, 2008 7:56pm Nov 21, 2008 7:56pm
Quoting harigp
Hi KG

Just some thoughts about the JPY basket

My first contract with the indicator was a flop manily because the GJ buy
made lot of pip loss and the basket got messed due to that.

My second contract was 100 % profit with maximum drawdown up to the margin amount.

Looking into the JPY basket can we make two groups of JPY

Group One G,E,U/J
Group two AU,NZ,CHF and CAD/JPY

This is based on country wise other ecnomic factors

What is your thoughts on this
Good analysis my friend,

Yes, if you did a backtest using CCFp_Experiment you will see that the currency is divided into two groups. The first Group are JPY, USD, CHF & CAD and the second group are GBP, EUR, NZD & AUD.

Base on my observations, the trending fase will be formed if the both group stay in the different zone. Le't say the first group all stay on STRONG zone (or weak zone) and the second group stay on WEAK zone (or strong zone), in this case we will see a big trending is happened.

And what is happened if the groups is mixed, let's say GBP stay on Weak zone but EUR stay on strong zone, JPY stay on weak zone, USD on strong zone etc... in this case we will see choppy market.. or i called it consolidation fase.

So, that's why i come with the idea to trade JPY basket and wait untill JPY be the highest or lowest first before i open all JPY pairs... to avoid what is happened to you.

The new indicator use very complex calculation inside, and i made it to reduce visual confusing as complaint a lot when we use observations tools (KG INDEX MTF etc). For me, observations tools is the best visual informations that i could see. But i understand most of visitors here just a user not scientist... so that's why i come with the new indicators...

BTW your ide is good.. but take a look first with i'm talking about above.. hope you get a better idea...

Thanks

KG
  • #552
  • Nov 21, 2008 9:00pm Nov 21, 2008 9:00pm
The first Group are JPY, USD, CHF & CAD and the second group are GBP, EUR, NZD & AUD.

HI KG

I got your point with the above grouping can you consider JPY basket with the above group as next project. CHF and CAD has good infuence on US.
CHF as leading gold producer and CAD as oil producer

Hi KG, commodites has greater influence on currency. Think about oil and gold when we go the advanced level
  • #553
  • Nov 21, 2008 10:07pm Nov 21, 2008 10:07pm
Attached are the scripts. All I have done is set a maximum slippage (some call it this, others a maximum deviation from the market price) of 10. I have done this in preference to making it a user-choice for simplicity.

6 scripts attached. Non_IBFX have all 7 pairs. IBFX accounts only allow 6 - no CADJPY; there are Standard and Mini versions, so download the two that you need.

Also attached is the latest version of the ea which has the basket jumping stop feature; you only need this if you have not downloaded from my thread since Wednesday. Follow the link to the thread for the instructions if how to use the js feature is not immediately obvious.

Attached File(s)
File Type: mq4 KG_JPY_Basket_Long_Not_IBFX.mq4   3 KB | 608 downloads
File Type: mq4 KG_JPY_Basket_Short_Not_IBFX.mq4   3 KB | 595 downloads
File Type: mq4 KG_JPY_Basket_Long_IBFX_Standard.mq4   3 KB | 480 downloads
File Type: mq4 KG_JPY_Basket_Short_IBFX_Standard.mq4   3 KB | 445 downloads
File Type: mq4 KG_JPY_Basket_Long_IBFX_Mini.mq4   3 KB | 485 downloads
File Type: mq4 KG_JPY_Basket_Short_IBFX_Mini.mq4   3 KB | 487 downloads
File Type: mq4 Multi purpose trade manager.mq4   67 KB | 715 downloads
  • #554
  • Nov 21, 2008 10:35pm Nov 21, 2008 10:35pm
Quoting SteveHopwood
Attached are the scripts. All I have done is set a maximum slippage (some call it this, others a maximum deviation from the market price) of 10. I have done this in preference to making it a user-choice for simplicity.

6 scripts attached. Non_IBFX have all 7 pairs. IBFX accounts only allow 6 - no CADJPY; there are Standard and Mini versions, so download the two that you need.

Also attached is the latest version of the ea which has the basket jumping stop feature; you only need this if you have not downloaded from my thread since Wednesday. Follow...
Great, thank you very much Steve...

regards,

KG
  • #555
  • Nov 21, 2008 10:36pm Nov 21, 2008 10:36pm
Quoting harigp
The first Group are JPY, USD, CHF & CAD and the second group are GBP, EUR, NZD & AUD.

HI KG

I got your point with the above grouping can you consider JPY basket with the above group as next project. CHF and CAD has good infuence on US.
CHF as leading gold producer and CAD as oil producer

Hi KG, commodites has greater influence on currency. Think about oil and gold when we go the advanced level
Soon we will on that step my friend....

KG
  • #556
  • Nov 21, 2008 11:46pm Nov 21, 2008 11:46pm
Thanks Steve.!
Quoting SteveHopwood
Attached are the scripts. All I have done is set a maximum slippage (some call it this, others a maximum deviation from the market price) of 10. I have done this in preference to making it a user-choice for simplicity.

6 scripts attached. Non_IBFX have all 7 pairs. IBFX accounts only allow 6 - no CADJPY; there are Standard and Mini versions, so download the two that you need.

Also attached is the latest version of the ea which has the basket jumping stop feature; you only need this if you have not downloaded from my thread since Wednesday. Follow...
  • #557
  • Nov 22, 2008 4:07am Nov 22, 2008 4:07am
OK thanks KG I am going to test "Manual" next week, and leave the EA on the side lines.

Let me just check (as there are so many things/scripts/EA's in this thread) that my set up will be correct:

 

  1. Chart 1 USD/JPY 1H with the RS_Group_JPY V1.0 attached and Multi purpose trade manager.mq4
  2. Chart 2 ccfp highest lowest observat.tpl
  3. Chart 3 USD/JPY 1MN (spare chart will have KG_JPY_Basket_Long_Not_IBFX.mq4 - short attached)

Trading only JYP pairs (all 7 on Alpari account).
Multi Purpose trade manager setup as required.

My rule would then be:

If Chart 1 shows STRONG and Chart 2 confirms this as JPY box is mainly GREEN then execute KG_JPY_Basket_SHORT_Not_IBFX.mq4

OR

If Chart 1 shows WEAK and Chart 2 confirms this as JPY box is mainly RED then then execute KG_JPY_Basket_LONG_Not_IBFX.mq4



Keeping an eye on the trade and if required closing profits before Multi Purpose trade manager if a swing looks to be in play, or if it feels the right thing to do.

Can you confirm I have each part in the right place.

  • #558
  • Nov 22, 2008 4:41am Nov 22, 2008 4:41am
Quoting eddiemiller

My rule would then be:

If Chart 1 shows STRONG and Chart 2 confirms this as JPY box is mainly GREEN then execute KG_JPY_Basket_SHORT_Not_IBFX.mq4

OR

If Chart 1 shows WEAK and Chart 2 confirms this as JPY box is mainly RED then then execute KG_JPY_Basket_LONG_Not_IBFX.mq4
Small correction: When the Chart 1 with RS_GROUP_JPY V1.0.ex4 on it says Strong it is saying Yen is strong therefore you short all jpy crosses. And vice versa when it says Weak
  • #559
  • Nov 22, 2008 5:05am Nov 22, 2008 5:05am
Quoting shiva
Small correction: When the Chart 1 with RS_GROUP_JPY V1.0.ex4 on it says Strong it is saying Yen is strong therefore you short all jpy crosses. And vice versa when it says Weak
Shiva You said the exact same thing Eddie said.
I think when the indi states Strong go Long
when inde says weak go short
That is what I did yesterday and made almost 700 pips
I hope I got it right if not I accidently did a reversal with sucess
OH NO!
  • #560
  • Nov 22, 2008 5:14am Nov 22, 2008 5:14am
Quoting dryclean
Shiva You said the exact same thing Eddie said.
I think when the indi states Strong go Long
when inde says weak go short
That is what I did yesterday and made almost 700 pips
I hope I got it right if not I accidently did a reversal with sucess
OH NO!
I think when JPY is strong we go short because JPY is always in the second place of a currencypair notification like GBP/JPY. So when JPY is strong GBP/JPY will probably fall.

But I don't know if we wait for all arrows to be green or red.
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