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Relative Strength Basket Trading System

  • #601
  • Nov 24, 2008 4:20am Nov 24, 2008 4:20am
Quoting LuboLabo
Hello everyone,...
Feel free to do so Lubo. When I post scripts I am making them freely available to anyone wanting to adapt them.

Just remember, if you are using me management ea then it needs some way to recognise trades that it has to manage - hence the magic number in my scripts. You had best make this clear when you post your adaptations.

  • #602
  • Nov 24, 2008 4:20am Nov 24, 2008 4:20am
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.

Week + Red > white = buy all
Strong + White > Red = Sell all

in your chart you have to Buy insted of sell !!
Never sell @ lower upward channel unless breacked and vise versa .
  • #603
  • Nov 24, 2008 4:21am Nov 24, 2008 4:21am
Quoting shiva
KG, am I right to think the level progression can be used for adding positions in the trend's direction?
Yes, you can do that. I'm still playinge with that too to maximize the basket.

KG
  • #604
  • Nov 24, 2008 4:24am Nov 24, 2008 4:24am
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 ??
It's work like RSI or %W... level

KG
  • #605
  • Nov 24, 2008 4:30am Nov 24, 2008 4:30am
Quoting SteveHopwood
Feel free to do so Lubo. When I post scripts I am making them freely available to anyone wanting to adapt them.

Just remember, if you are using me management ea then it needs some way to recognise trades that it has to manage - hence the magic number in my scripts. You had best make this clear when you post your adaptations.

How is your trade my friend...

KG
  • #606
  • Nov 24, 2008 4:33am Nov 24, 2008 4:33am
Hi,

do you think if we would add additional indicators that confirms the rs signals on one special currencypair (like in the attached picture for GPB/JPY) we would obtain valid signals for other JPY pais too?

Another idea is: When you would code the rs for all the other X/JPY currencies and we can overlay them on a chart we would buy/sell if both rs indicators for one currencypair gives crosssignals.

Hope you understand what i mean.
Attached Image (click to enlarge)
Click to Enlarge Name: after.gif Size: 19 KB
  • #607
  • Nov 24, 2008 4:34am Nov 24, 2008 4:34am
Quoting Kang_Gun
How is your trade my friend...

KG
Not traded yet, KG. I played about 20 hours over the weekend, accompanying kids at a UK music festival. Playing music I don't know very well, if at all, with kids who might go wrong at any second and require me to cover for them, is high-octane stuff. I am exhausted and might sit on the sidelines today.

I have only just got up; maybe later, after a couple of coffees.

  • #608
  • Nov 24, 2008 4:43am Nov 24, 2008 4:43am
Quoting MCFly
Hi,

do you think if we would add additional indicators that confirms the rs signals on one special currencypair (like in the attached picture for GPB/JPY) we would obtain valid signals for other JPY pais too?

Another idea is: When you would code the rs for all the other X/JPY currencies and we can overlay them on a chart we would buy/sell if both rs indicators for one currencypair gives crosssignals.

Hope you understand what i mean.
Base on the calculations i believe the signal have a high probability to be true. So, i think what we need is an indicator that could measure the OB/OS base on statistic calculation. I will show you later.

KG
  • #609
  • Nov 24, 2008 4:45am Nov 24, 2008 4:45am
Quoting SteveHopwood
Not traded yet, KG. I played about 20 hours over the weekend, accompanying kids at a UK music festival. Playing music I don't know very well, if at all, with kids who might go wrong at any second and require me to cover for them, is high-octane stuff. I am exhausted and might sit on the sidelines today.

I have only just got up; maybe later, after a couple of coffees.

nice weekend. Me too i spend with my childs, amazing seeing them grows up.

KG
  • #610
  • Nov 24, 2008 5:01am Nov 24, 2008 5:01am
Quoting WedWed
Week + Red > white = buy all
Strong + White > Red = Sell all

in your chart you have to Buy instead of sell !!
Oh Ok so you mean create a mass loss like this:

>>> What we need is another indicator showing trend that could indicate on a scale of say 1-5 the movement with 1 being slow/very weak and 5 being fast/very strong..... so you would get:

weak 1 = weak but not a great signal

strong 5 = bet you shirt

Any way of doing this?
Attached Image (click to enlarge)
Click to Enlarge Name: 24112008_1057.gif Size: 66 KB
  • #611
  • Edited 5:43am Nov 24, 2008 5:19am | Edited 5:43am
The indicator will show us all currency strength. We could use this indicator to analyze the strength of each currency. And we could see here which currency is the strongest and weakest. It's just work on TF H1.

We could use it for individual pair trading too, if you wanna use this for individual pair just wait till both currency crossing each other.

In this thread i just use it to monitor the basket, it's help me to make a decission that i took using RS_GROUP_JPY V1.0.

Hope it's help,

KG
Attached Image (click to enlarge)
Click to Enlarge Name: sample1.jpg Size: 145 KB
Attached File(s)
File Type: ex4 KG RS GROUP.ex4   20 KB | 1,225 downloads
  • #612
  • Nov 24, 2008 5:29am Nov 24, 2008 5:29am
Quoting eddiemiller
Oh Ok so you mean create a mass loss like this:

>>> What we need is another indicator showing trend that could indicate on a scale of say 1-5 the movement with 1 being slow/very weak and 5 being fast/very strong..... so you would get:

weak 1 = weak but not a great signal

strong 5 = bet you shirt

Any way of doing this?
I believe it's almost hit your target now.

KG
  • #613
  • Nov 24, 2008 5:34am Nov 24, 2008 5:34am
Quoting Kang_Gun
The indicator will show us all currency strength. We could use this indicator to analyze the strength of each currency. And we could see here which currency is the strongest and weakest. It's just work on TF H1.

We could use it for individual pair trading too, if you wanna use this for individual pair just wait till both currency crossing each other.

In this thread i just use it to monitor the basket, it's help me to make a decission that i took using RS_GROUP_JPY V1.0.

Hope it's help,

KG
Sorry KG, I think you have put wrong indicator. Thanks
  • #614
  • Nov 24, 2008 5:35am Nov 24, 2008 5:35am
Right, big swing in values there.

It helps I imagine that there are lots of trades running - magnify the profit/loss.

Opened again on what I am told is the right way round and......
Attached Image (click to enlarge)
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  • #615
  • Nov 24, 2008 5:40am Nov 24, 2008 5:40am
Quoting Kang_Gun
The indicator will show us all currency strength. We could use this indicator to analyze the strength of each currency. And we could see here which currency is the strongest and weakest. It's just work on TF H1.

We could use it for individual pair trading too, if you wanna use this for individual pair just wait till both currency crossing each other.

In this thread i just use it to monitor the basket, it's help me to make a decission that i took using RS_GROUP_JPY V1.0.

Hope it's help,

KG
KG you attached RS GROUP JPY.
2 Things I thourhgt we where using RS GROUP JYP 1.0 and
where is kg rs group indi or is that the indi you wanted to attach
Dave
  • #616
  • Nov 24, 2008 5:46am Nov 24, 2008 5:46am
Quoting Jack2000
Sorry KG, I think you have put wrong indicator. Thanks
Thank you, already change.

KG
  • #617
  • Nov 24, 2008 5:54am Nov 24, 2008 5:54am
Should the KG_RS_Group be showing the lines as well?
Attached Image (click to enlarge)
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  • #618
  • Nov 24, 2008 6:17am Nov 24, 2008 6:17am
Boom, crash and burn this one................
Attached Image (click to enlarge)
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  • #619
  • Nov 24, 2008 6:18am Nov 24, 2008 6:18am
KG_RS_GROUP
I don't see that inid attached anywhere
I looked 2x Sorry to be a pest but where is it
Thanks
  • #620
  • Nov 24, 2008 6:36am Nov 24, 2008 6:36am
Quoting dryclean
KG_RS_GROUP
I don't see that inid attached anywhere
I looked 2x Sorry to be a pest but where is it
Thanks
Look at post #611
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