Relative Strength Basket Trading System | Page 34 | 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

  • #661
  • Nov 24, 2008 11:31am Nov 24, 2008 11:31am
Quoting onlyirvan
hallo kang.,
is it possible to put some alarm to RS_GROUP_JPY V1.0: when it changes from weak to strong/strong to weak?

thx
possible...

KG
  • #662
  • Nov 24, 2008 11:31am Nov 24, 2008 11:31am
KG, how often and when should we monitor the trades? is it each hour? Thanks
  • #663
  • Nov 24, 2008 11:38am Nov 24, 2008 11:38am
Quoting Kang_Gun
already +900 now.
It's fun right? enjoy it hahahahahahaha

Steve, could paste your setup (Multipurpose_Trade_Manager) for this basket system ?

Thanks

KG
please steve, we all want to check it against ours......
  • #664
  • Nov 24, 2008 11:40am Nov 24, 2008 11:40am
Quoting SteveHopwood
Here is a fabulous basket, arranged in profitability order.

I took the sells when the JPY was strong. That basket went briefly into profit, then hurtled into loss when JPY weakened.

At about -400, I took out two baskets of buys - the result you can see for yourself. I am just about to close down the losers to see what happens, rather than just wait for the price to retrace to my locked in +310.

Very smart strategy....

KG
  • #665
  • Nov 24, 2008 11:46am Nov 24, 2008 11:46am
Quoting Jack2000
KG, how often and when should we monitor the trades? is it each hour? Thanks
it's up to you my friend. it's depends on how much $ profit & $ loss that you need to fill in the basket.

But one of my strategy if i could not sit in front of my computer is after open the trade i just use Multi_Purpose_Trade_Manager EA to control it, we could set our loss & profit with this EA.

Thanks

KG
  • #666
  • Nov 24, 2008 12:11pm Nov 24, 2008 12:11pm
Quoting Kang_Gun
already +900 now.
It's fun right? enjoy it hahahahahahaha

Steve, could paste your setup (Multipurpose_Trade_Manager) for this basket system ?

Thanks

KG
Here you go, KG. I have zipped it so I can attach it here.

Attached File(s)
File Type: zip kg basket management.zip   1 KB | 871 downloads
  • #667
  • Nov 24, 2008 12:16pm Nov 24, 2008 12:16pm
Quoting SteveHopwood
Here you go, KG. I have zipped it so I can attach it here.

Thank you Steve

regards,

KG
  • #668
  • Nov 24, 2008 12:31pm Nov 24, 2008 12:31pm
sell = short
buy = long

right, I haven't gone mad have I?
  • #669
  • Nov 24, 2008 1:05pm Nov 24, 2008 1:05pm
Steve thanks, you are a true d00d
Quoting SteveHopwood
Here you go, KG. I have zipped it so I can attach it here.

  • #670
  • Nov 24, 2008 1:30pm Nov 24, 2008 1:30pm
Quoting eddiemiller
sell = short
buy = long

right, I haven't gone mad have I?
You have gone mad, send me $5000 ASAP
  • #671
  • Nov 24, 2008 1:45pm Nov 24, 2008 1:45pm
Huh

I am not sure..... Western Union?
  • #672
  • Nov 24, 2008 1:53pm Nov 24, 2008 1:53pm
My confusion started a few posts back and I have received a few different answers in the thread!

I just want to be sure that I am using the LONG/SHORT script in the right order at the right time.


xxx/JPY is the way it is always quoted so is the following correct:



Long Position (Strong)

When someone opens a position expecting the price to go higher. If EUR/USD is 1.27 and you think it will get to 1.28 or higher then you open a long position.

Short position (Weak)

When somone opens a position expecting the price to go down. If EUR/USD is 1.27 and you think it will get to 1.26 or lower then you open a short position.




Thats right isn't it?

  • #673
  • Nov 24, 2008 1:53pm Nov 24, 2008 1:53pm
Quoting eddiemiller
Huh

I am not sure..... Western Union?
sure, or my paypl wil do too, cyber.[email protected]
  • #674
  • Nov 24, 2008 1:55pm Nov 24, 2008 1:55pm
The indicator RS.... displays the strength of single currency JPY, so, when it is strong it will drag down the cross that has JPY in the second part example GBP/JPY. So when the indi says JPY is Strong we sell GBP JPY.

Quoting eddiemiller
My confusion started a few posts back and I have received a few different answers in the thread!

I just want to be sure that I am using the LONG/SHORT script in the right order at the right time.


xxx/JPY is the way it is always quoted so is the following correct:



Long Position (Strong)

When someone opens a position expecting the price to go higher. If EUR/USD is 1.27 and you think it will get to 1.28 or higher then you open a long position.

[b]Short...
  • #675
  • Nov 24, 2008 2:11pm Nov 24, 2008 2:11pm
Quoting eddiemiller
My confusion started a few posts back and I have received a few different answers in the thread!

I just want to be sure that I am using the LONG/SHORT script in the right order at the right time.


xxx/JPY is the way it is always quoted so is the following correct:



Long Position (Strong)

When someone opens a position expecting the price to go higher. If EUR/USD is 1.27 and you think it will get to 1.28 or higher then you open a long position.

Short...
eddi,
That is right, however, strong and weak in the case above are describing the "EUR".
For x/JPY (the JPY basket) it is the opposite, because strong and weak there are for JPY.
Stong JPY is the quote, hence you have to buy it i.e. sell the pair xxx/jpy and vise versa.
[b]Long is buy and short is sell.

guys,
I could'nt catch up with you, it was a hectic bussy day for me, I see new developments and indi's.

god bless you all for the good efforts

Jeff
  • #676
  • Nov 24, 2008 2:35pm Nov 24, 2008 2:35pm
Quoting jeff jordan
.....Stong JPY is the quote, hence you have to buy it i.e. sell the pair xxx/jpy and vise versa.
[b]Long is buy and short is sell.


Jeff
What I did was re-name the scripts so that anyone could look just "look and click". Have I got these right?
Attached Image
  • #677
  • Nov 24, 2008 2:54pm Nov 24, 2008 2:54pm
Quoting eddiemiller
What I did was re-name the scripts so that anyone could look just "look and click". Have I got these right?
That is right, Pal.

Jeff
  • #678
  • Nov 24, 2008 3:05pm Nov 24, 2008 3:05pm
Quoting SteveHopwood
Here you go, KG. I have zipped it so I can attach it here.

Steve thank you very much for sharing your settings.

I just wanted to check something - having used them 4 times each time I have finished even (few pennies up).

I wanted to check if this was the intended settings or if it was just the way the market was at the time of my tests?

Many thanks for your help in advance.

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 24112008_2103.gif Size: 114 KB
  • #679
  • Edited 3:07pm Nov 24, 2008 3:06pm | Edited 3:07pm
I went into the colors tab on the KG RS GROUP and made them all none except JPY
for clairity since it is the only one we are looking at

Hope this idea helps clean up some of the screen
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 71 KB
  • #680
  • Nov 24, 2008 4:03pm Nov 24, 2008 4:03pm
Quoting dryclean
I went into the colors tab on the KG RS GROUP and made them all none except JPY
for clairity since it is the only one we are looking at

Hope this idea helps clean up some of the screen
Hi,

I'm not shure but i think both white lines in both indicator windows are the same. Therefor you don't need the second one. But you need the other currencies to see how they react in relationship to the JPY.
2 traders viewing now