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Relative Strength Basket Trading System

  • #701
  • Nov 24, 2008 8:13pm Nov 24, 2008 8:13pm
I have already close sell trade (around 1900 pips) and now i open a new trades. Base on signal on RS_GROUP_JPY V1.0 we'll see then

hope it's help

KG
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  • #702
  • Nov 24, 2008 8:19pm Nov 24, 2008 8:19pm
Just opened.
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  • #703
  • Nov 24, 2008 8:27pm Nov 24, 2008 8:27pm
Quoting mike29
Just opened.
Mike,

I saw you use Multi_Purpose_Trade_Manager and it's manage by comment. You have to make sure that commen on your Scripts that you use to open the trades is match with comment in EA. If the EA's comment set to "Fib" your scripts comment should be "Fib" too. If the comment is not match, the EA will ignore your trades.

Thanks

KG
  • #704
  • Nov 24, 2008 8:37pm Nov 24, 2008 8:37pm
Quoting Kang_Gun
Mike,

I saw you use Multi_Purpose_Trade_Manager and it's manage by comment. You have to make sure that commen on your Scripts that you use to open the trades is match with comment in EA. If the EA's comment set to "Fib" your scripts comment should be "Fib" too. If the comment is not match, the EA will ignore your trades.

Thanks

KG

I've just fixed it.
Thank you KG
Mike
  • #705
  • Nov 24, 2008 8:42pm Nov 24, 2008 8:42pm
Quoting mike29
I've just fixed it.
Thank you KG
Mike
So, EA basket profit should counting now and the number should be match with your profit at terminal trade.

Thanks

KG
  • #706
  • Nov 24, 2008 8:58pm Nov 24, 2008 8:58pm
Quoting Kang_Gun
So, EA basket profit should counting now and the number should be match with your profit at terminal trade.

Thanks

KG


Yes the EA basket profit is counting now, but numbers are not always the same (but very close) with terminal trade.

How is your trade now. Mine is down over 200,-


Thank you KG
  • #707
  • Nov 24, 2008 9:05pm Nov 24, 2008 9:05pm
Hi KG,
Thank u for ur great effort
When is the best time to close trade ?
Should we close our trade immediately when profit nearly become zero ?
Or have we to wait until RS Group JPY line cross ?

(sorry for my english)
  • #708
  • Nov 24, 2008 9:13pm Nov 24, 2008 9:13pm
Quoting mike29
Yes the EA basket profit is counting now, but numbers are not always the same (but very close) with terminal trade.

How is your trade now. Mine is down over 200,-


Thank you KG
I have already lock it, i open sell without close the first buy when i saw JPY still the strongest currency and the strength still more than 50 on KG_RS_GROUP. But RS_GROUP_JPY still say Weak.

I will wait and see now, if RS_GROUP_JPY say STRONG and on KG_RS_GROUP jpy still the strongest currency I will open SELL again. And if JPY down be the weakest currency on KG_RS_GROUP and RS_GROUP_JPY still say WEAK i will open another buy. That's my plan on this situations.

How about you?

KG
  • #709
  • Nov 24, 2008 9:18pm Nov 24, 2008 9:18pm
Quoting Suma Han
Hi KG,
Thank u for ur great effort
When is the best time to close trade ?
Should we close our trade immediately when profit nearly become zero ?
Or have we to wait until RS Group JPY line cross ?

(sorry for my english)
We still develop it to find the best one. Some people use crossing sign to open and close, the others use total $ that set using EA. I'm still play with this too, to find the best one.

We just start the research and have not build fix rules.

Thanks

KG
  • #710
  • Nov 24, 2008 9:35pm Nov 24, 2008 9:35pm
Quoting Kang_Gun
I have already lock it, i open sell without close the first buy when i saw JPY still the strongest currency and the strength still more than 50 on KG_RS_GROUP. But RS_GROUP_JPY still say Weak.

I will wait and see now, if RS_GROUP_JPY say STRONG and on KG_RS_GROUP jpy still the strongest currency I will open SELL again. And if JPY down be the weakest currency on KG_RS_GROUP and RS_GROUP_JPY still say WEAK i will open another buy. That's my plan on this situations.

How about you?

KG
And here i did my plan

Hope it's help

KG
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  • #711
  • Nov 24, 2008 9:44pm Nov 24, 2008 9:44pm
Quoting Kang_Gun
I have already lock it, i open sell without close the first buy when i saw JPY still the strongest currency and the strength still more than 50 on KG_RS_GROUP. But RS_GROUP_JPY still say Weak.

I will wait and see now, if RS_GROUP_JPY say STRONG and on KG_RS_GROUP jpy still the strongest currency I will open SELL again. And if JPY down be the weakest currency on KG_RS_GROUP and RS_GROUP_JPY still say WEAK i will open another buy. That's my plan on this situations.

How about you?

KG


I have just manually closed all my trades as it hit loss of 250,- I am trying to keep losses simple, as I have experienced last week. Once I hit loss of 250,- or more just close it, lets face it, it was bad trade.
I like your trading systems but I am having problem to be profitable with it.

I feel we have to involve some kind of indicator for (gold, oil, stock markets, usd index or s/r) somehow.

I had similar trade yesterday around same hour.

Thank you KG
Mike
  • #712
  • Nov 24, 2008 9:55pm Nov 24, 2008 9:55pm
Quoting mike29
I have just manually closed all my trades as it hit loss of 250,- I am trying to keep losses simple, as I have experienced last week. Once I hit loss of 250,- or more just close it, lets face it, it was bad trade.
I like your trading systems but I am having problem to be profitable with it.

I feel we have to involve some kind of indicator for (gold, oil, stock markets, usd index or s/r) somehow.

I had similar trade yesterday around same hour.

Thank you KG
Mike
That's another way to handle this situation. Actually our first trade (BUY) is correct, it's already made more than 100 pips but I leave it and then the price change. And I have to face that situation.

What i'm thinking is about profit locking in certain amount. Let's say we have already profit around +100 pips, it will be wonderfull if we have an EA that will set the SL to (let's say) to +20. So when the price turn back, and the total basket goes down to +20, EA immediatly will close all trade. So we still have +20 profit in total.

KG
  • #713
  • Nov 24, 2008 9:56pm Nov 24, 2008 9:56pm
Quoting mike29
I have just manually closed all my trades as it hit loss of 250,- I am trying to keep losses simple, as I have experienced last week. Once I hit loss of 250,- or more just close it, lets face it, it was bad trade.
I like your trading systems but I am having problem to be profitable with it.

I feel we have to involve some kind of indicator for (gold, oil, stock markets, usd index or s/r) somehow.

I had similar trade yesterday around same hour.

Thank you KG
Mike


KG Could I ask you why have you chose 1h TF?


Thank you

Mike
  • #714
  • Nov 24, 2008 10:03pm Nov 24, 2008 10:03pm
here is the result before I close all the trade with profit around +200 pips.

Hope it's help

KG
Attached Image (click to enlarge)
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  • #715
  • Nov 24, 2008 10:06pm Nov 24, 2008 10:06pm
KG

Is there any way to change your RS GROUP JPY to different TF lets say 120 minutes so we can eliminate these false crosses?
Thanks

Mike
  • #716
  • Nov 24, 2008 10:08pm Nov 24, 2008 10:08pm
Quoting mike29
KG Could I ask you why have you chose 1h TF?


Thank you

Mike
I chose H1 base on my matrix calculations to find the best TF (data) that i could use for Basket Trading System. H1 have highest grade to be used and give a small error on calculations.

Thanks to asking that,

KG
  • #717
  • Nov 24, 2008 10:11pm Nov 24, 2008 10:11pm
Quoting mike29
KG

Is there any way to change your RS GROUP JPY to different TF lets say 120 minutes so we can eliminate these false crosses?
Thanks

Mike
I'm still working on that... hope it's finish soon. But for 120 minutes i don't know. I'm still working so the indicator could use on any time frame, it's just add more calculation in the code.

KG
  • #718
  • Nov 24, 2008 10:18pm Nov 24, 2008 10:18pm
Here is the graph after 5 hours. Start Open $5000.

Thanks

KG
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  • #719
  • Edited 10:42pm Nov 24, 2008 10:20pm | Edited 10:42pm
Quoting Kang_Gun
I'm still working on that... hope it's finish soon. But for 120 minutes i don't know. I'm still working so the indicator could use on any time frame, it's just add more calculation in the code.

KG

Keep the good work!
Thank you

Mike
  • #720
  • Nov 24, 2008 10:44pm Nov 24, 2008 10:44pm
hi KG,

do you see anything wrong?

thanks
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