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Relative Strength Basket Trading System

  • #561
  • Nov 22, 2008 7:23am Nov 22, 2008 7:23am
LOL No Read again, i said when indicator says Strong go Short

EDIT: You were right, I just repeated what Eddie said lol - Hence my disclaimer

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!
  • #562
  • Nov 22, 2008 7:51am Nov 22, 2008 7:51am
Quoting MCFly
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.
And this is where my confusion started.

Your right, JPY is always quoted as the SECOND currency.... and this is where I am confused.

I trade singles at one tie checking the chart but sending a batch on has stumped me.

Clarification please......
  • #563
  • Nov 22, 2008 12:29pm Nov 22, 2008 12:29pm
Quoting Kang_Gun
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
Hi Kang Gun,

does the indicator repainting? Im asking because the signals are outstanding in a backtest. I hope not . I'm looking forward to see the other currencyversions.

I have 13 charts open all full loaded with indicators and when i add the rs one i don't notice an adverse effect on the performance.

Regards
  • #564
  • Nov 22, 2008 12:30pm Nov 22, 2008 12:30pm
Quoting eddiemiller
And this is where my confusion started.

Your right, JPY is always quoted as the SECOND currency.... and this is where I am confused.

I trade singles at one tie checking the chart but sending a batch on has stumped me.

Clarification please......
You were right with your post #557 before Can get confusing
Strong JPY = Sell (because JPY is your Quote (Second) currency)

Just think of it like a teeter tauter, trade order relates to the first currency (Base) direction;
So if you Sell (Short) then your expecting the Base Currency (First currency) to go down and the Quote Currency (Second currency) to go up, and if you Buy (Long) your expecting the Base Currency to go up and the Quote currency to go down.

So if JPY is strong (Quote currency) then your expecting it to go up, so if like a teeter tauter and you have CAD/JPY and JPY is Strong (expected to go up) then you will need to Sell because CAD (Base) currency you need to go down.

Sorry, if I confused you more?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #565
  • Nov 22, 2008 12:45pm Nov 22, 2008 12:45pm
Chart
Attached Image (click to enlarge)
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  • #566
  • Nov 22, 2008 7:02pm Nov 22, 2008 7:02pm
Hello everyone,

I would attach the script that I changed from those posted by Steeve, that I use to open my JPY trades, and then i ask Steeve permission to post here, if they may be of interest to someone.
Two scripts have the chance to set the lot, the maximum deviation, the SL and TP same for everyone or even individually for each couple, finally there is the possibility to choose the pairs to be traded.
The other two scripts instead have only the lot and the deviation, for a faster implementation of the oerders opening.
All script hasen't the magic number to be faster to run and not have to always remember to change it.

In waiting, regards.

Lubo.


P.s. i think they also should work on mini ibfx, but I have not been able to test them directly because I do not find the mini ibfx server, if someone can attach it here I would be grateful to him.
If I know how, I tell You!! Few but Good!!
  • #567
  • Nov 23, 2008 5:27am Nov 23, 2008 5:27am
Terima kasih, Kang Gun !


Quoting Kang_Gun
extern bool AddBEP=true;
extern bool JumpAfterBreakevenOnly=false;
extern bool PartCloseEnabled=false;
extern double Close_Lots = 0.02;
extern double Preserve_Lots=0.02;
extern string TSL="Trailing stop loss settings";
extern bool TrailingStop=false;
extern int TrailingStopPips=5;
extern bool StopTrailAtPipsProfit=false;
  • #568
  • Nov 23, 2008 10:40am Nov 23, 2008 10:40am
Quoting eddiemiller
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...

Correct, nice setup.... we'll see then

KG
  • #569
  • Nov 23, 2008 10:44am Nov 23, 2008 10:44am
Quoting MCFly
Hi Kang Gun,

does the indicator repainting? Im asking because the signals are outstanding in a backtest. I hope not . I'm looking forward to see the other currencyversions.

I have 13 charts open all full loaded with indicators and when i add the rs one i don't notice an adverse effect on the performance.

Regards
I hope and I pray it's repaint, hehehehehehee so my brain will not stop working. Just do forward test to prove it repaint or not...


KG
  • #570
  • Nov 23, 2008 11:51am Nov 23, 2008 11:51am
hello KG.

very nice theard ,i understand that you CALCUATE the strength and weeknes of the currency based on the cross with the dollar, but how YOU figure out the strength OR THE weeknes of the USD?
  • #571
  • Nov 23, 2008 5:52pm Nov 23, 2008 5:52pm
Quoting 400396
hello KG.

very nice theard ,i understand that you CALCUATE the strength and weeknes of the currency based on the cross with the dollar, but how YOU figure out the strength OR THE weeknes of the USD?
No, i'm not calculate the strength base on the crosse with the dollar only. We should calculate the strength base on all currency, dollar just one of currency. In math, dollar just one of the several variables...

KG
  • #572
  • Nov 23, 2008 6:08pm Nov 23, 2008 6:08pm
here is the trade this morning:

KG
Attached Image (click to enlarge)
Click to Enlarge Name: basket10.jpg Size: 259 KB
  • #573
  • Nov 23, 2008 6:14pm Nov 23, 2008 6:14pm
here is:

KG
Attached Image (click to enlarge)
Click to Enlarge Name: basket11.jpg Size: 260 KB
  • #574
  • Nov 23, 2008 6:38pm Nov 23, 2008 6:38pm
Here is.

KG
Attached Image (click to enlarge)
Click to Enlarge Name: basket12.jpg Size: 259 KB
  • #575
  • Nov 23, 2008 6:45pm Nov 23, 2008 6:45pm
I hope i'm not alone testing the new indicators this morning.
How about you ?

KG
  • #576
  • Nov 23, 2008 6:54pm Nov 23, 2008 6:54pm
here is:

KG
Attached Image (click to enlarge)
Click to Enlarge Name: basket13.jpg Size: 260 KB
  • #577
  • Nov 23, 2008 7:13pm Nov 23, 2008 7:13pm
it's 8pm in Cleveland OH USA 24 F. outside burrrrr!
But made over $400.

I'm still scripting an other set after the previous one goes positive
I did it 2 timex this trad then sold and started an other

Nice way to end a Sunday
Attached Image (click to enlarge)
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  • #578
  • Nov 23, 2008 7:29pm Nov 23, 2008 7:29pm
Quoting dryclean
it's 8pm in Cleveland OH USA 24 F. outside burrrrr!
But made over $400.

I'm still scripting an other set after the previous one goes positive
I did it 2 timex this trad then sold and started an other

Nice way to end a Sunday
how is your trade now? did you take sell signal when Tokyo open?

KG
  • #579
  • Nov 23, 2008 7:42pm Nov 23, 2008 7:42pm
Yes I did
the basket it down right now but the trend is in the right direction
time will tell
  • #580
  • Nov 23, 2008 9:21pm Nov 23, 2008 9:21pm
Hi KGStrong signal received and short all JPY pairs
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