Relative Strength Basket Trading System | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading system using relative strength 2,816 replies

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading System Using Relative Strength-Part 2 1,499 replies

My version of a relative strength basket 2 replies

Attachments: Relative Strength Basket Trading System
Exit Attachments

Relative Strength Basket Trading System

  • #581
  • Nov 24, 2008 2:20am Nov 24, 2008 2:20am
Morning all - Hope you had a good weekend.

I am just starting here in the UK so I will test through the session with my weekend proposed setup.

Results to follow.........................
  • #582
  • Nov 24, 2008 2:43am Nov 24, 2008 2:43am
Quoting eddiemiller
Morning all - Hope you had a good weekend.

I am just starting here in the UK so I will test through the session with my weekend proposed setup.

Results to follow.........................
Good luck my friend, I have already start since friday last week. The account start from $5,000 and now already around $10,000.

KG
  • #583
  • Nov 24, 2008 3:06am Nov 24, 2008 3:06am
hello guys..

i've have problem with the script can anybody help...

thanks
  • #584
  • Nov 24, 2008 3:09am Nov 24, 2008 3:09am
As the RS_Group is on a USD/JPY chart does this only reference against the $?

I am trying to understand the correct entry:

STRONG - all green
WEAK - all red

... or do you enter on a different bases?


Eddie
  • #585
  • Nov 24, 2008 3:15am Nov 24, 2008 3:15am
Quoting eddiemiller
As the RS_Group is on a USD/JPY chart does this only reference against the $?

I am trying to understand the correct entry:

STRONG - all green
WEAK - all red

... or do you enter on a different bases?


Eddie
Eddie,

I this fase, we just use RS_GROUP_JPY V1.0 indicator. The trade base on the crossing between red and white line or you can read the strength of JPY on the upper left (in bracket).

If JPY weak ( red > white) we must BUY all JPY pairs
if JPY strong ( red < white) we must SELL all jpy pairs.

KG
  • #586
  • Nov 24, 2008 3:16am Nov 24, 2008 3:16am
Just hit the first 100 TP on the basket! WOW

I just wanted to check on the Trade Manager (latest version) there is an option that says profit in $'s

I am in GBP £ so should this be false?
Attached Image
  • #587
  • Nov 24, 2008 3:29am Nov 24, 2008 3:29am
I opened trade when lines crossed each over.
Attached Image (click to enlarge)
Click to Enlarge Name: anfor3_html_m5b45add8.jpg Size: 197 KB
  • #588
  • Edited 3:49am Nov 24, 2008 3:32am | Edited 3:49am
Here is my demo graph. Start $5000 at Friday 21 November 2008.

KG
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement_RS1.gif Size: 6 KB
  • #589
  • Edited 3:41am Nov 24, 2008 3:34am | Edited 3:41am
Getting ONE errors

1. The chart seems garbled on the numbers. (attached) I have removed and restarted twice, still the same appearance.


I was also trying to open the SHORT script whilst the LONG script was running (manual hedge) but it wont open any trades. Any reason why?
Attached Image (click to enlarge)
Click to Enlarge Name: 24112008_0931.gif Size: 55 KB
  • #590
  • Nov 24, 2008 3:37am Nov 24, 2008 3:37am
closed with 120 USD profit
  • #591
  • Nov 24, 2008 3:44am Nov 24, 2008 3:44am
Quoting eddiemiller
Getting two errors

1. The chart seems garbled on the numbers. (attached) I have removed and restarted twice, still the same appearance.

2. Short script says opened 7 trades but none are opened. Long script works fine.
Eddi that's chart is observation template. I use that for observation before we finally arrive at current fase. Now, we just need RS_GROUP_JPY V1.0 indicator. Your chart should be look like this now... simple chart !!!

KG
Attached Image (click to enlarge)
Click to Enlarge Name: basket14.jpg Size: 81 KB
  • #592
  • Nov 24, 2008 3:51am Nov 24, 2008 3:51am
I understand that - I just wanted to know why it is doing it as it's not right, right?

Also working off the other template - weak = sell, but as you will see I am in a buy pot.... profit still being made.

This shows that alone this indicator is not reliable, hence why I was checking with the other template.
Attached Image (click to enlarge)
Click to Enlarge Name: 24112008_0947.gif Size: 67 KB
  • #593
  • Nov 24, 2008 3:53am Nov 24, 2008 3:53am
300 pips, 23 minutes lol All Hail Rs_Group_Jpy v1
  • #594
  • Nov 24, 2008 4:01am Nov 24, 2008 4:01am
Quoting eddiemiller
I understand that - I just wanted to know why it is doing it as it's not right, right?

Also working off the other template - weak = sell, but as you will see I am in a buy pot.... profit still being made.

This shows that alone this indicator is not reliable, hence why I was checking with the other template.
OK.. i undestand what you did. Sorry.
But, when i made the calculation on RS_GROUP_JPY V1.0 it was designed to cover that too. I'm just want to made a simple indicator with high probability. And that's why i test it alone now. But if you need to compare this with the other template it's ok.. and that's good.

Thanks

KG
  • #595
  • Nov 24, 2008 4:05am Nov 24, 2008 4:05am
Quoting shiva
300 pips, 23 minutes lol All Hail Rs_Group_Jpy v1
I really hope this indicator give us high probility signal and consistance results. Good... rock'n roll just begin. Could you watch closely on ranging market and how this indicator react in the situation?

Thanks

KG
  • #596
  • Nov 24, 2008 4:11am Nov 24, 2008 4:11am
Quoting Kang_Gun
Eddie,

I this fase, we just use RS_GROUP_JPY V1.0 indicator. The trade base on the crossing between red and white line or you can read the strength of JPY on the upper left (in bracket).

If JPY weak ( red > white) we must BUY all JPY pairs
if JPY strong ( red < white) we must SELL all jpy pairs.

KG

What about Levels 0,25,50,75,100 are thay make sence here or just we have to look on @ words ( weak,strong) and crosess ??
Never sell @ lower upward channel unless breacked and vise versa .
  • #597
  • Nov 24, 2008 4:12am Nov 24, 2008 4:12am
I think the strong/weak needs to have some more information shown as going on these signals alone isn't enough.

For instance the chart below shows a SELL on a weak signal - and it's going bad.

All my other trades in the last hour have been BUY regardless of strong or weak and all closed in profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 24112008_1009.gif Size: 67 KB
  • #598
  • Nov 24, 2008 4:14am Nov 24, 2008 4:14am
Here is

KG
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement_RS1.gif Size: 6 KB
  • #599
  • Nov 24, 2008 4:16am Nov 24, 2008 4:16am
KG, am I right to think the level progression can be used for adding positions in the trend's direction?
Quoting WedWed
What about Levels 0,25,50,75,100 are thay make sence here or just we have to look on @ words ( weak,strong) and crosess ??
  • #600
  • Nov 24, 2008 4:19am Nov 24, 2008 4:19am
Quoting eddiemiller
I think the strong/weak needs to have some more information shown as going on these signals alone isn't enough.

For instance the chart below shows a SELL on a weak signal - and it's going bad.

All my other trades in the last hour have been BUY regardless of strong or weak and all closed in profit.
If RS_GROUP_JPY V1.0 tell WEAK it's means we should BUY all JPY pairs.

KG
2 traders viewing now