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Relative Strength Basket Trading System

  • #741
  • Nov 25, 2008 3:54am Nov 25, 2008 3:54am
Quoting LT man
to Eddie

this signals which you mark with circles I think is wrong like you see chart is range. KG RS group chart line JPY crossed 50 line very late. It's better when JPY line cross 50 line early aftrer Highest Lowest index lines cross one over

trade after some minutes. I LIKE IT
LT

Depends on if your looking for a long term trade (an hour or 2) or a quick scalp.

Pips are the key not the $'s as depending on lot size you may only need a few pips.

KG and Steve are getting 1000 pips on some trades........

Eddie
  • #742
  • Nov 25, 2008 4:31am Nov 25, 2008 4:31am
KG

Is there any way we can get a multi "support and resistance" indicator to provide a second opinion?

What I am imaging would be:

Support : 2
Resistance : 5

(by rights a breakout on the xxx/JPY should be about ready, and would be checked against all current indicators.

Possible?

Eddie

############################################

Steve

I have used your settings for Trade Manager and KG's.

What I am trying to figure out is similar to what KG was asking about where it would be possible to secure an amount of pips.

Could we do this by setting the BreakEvenProfit to 100 to achieve this?
  • #743
  • Nov 25, 2008 4:40am Nov 25, 2008 4:40am
Quoting eddiemiller
KG

Is there any way we can get a multi "support and resistance" indicator to provide a second opinion?

What I am imaging would be:

Support : 2
Resistance : 5

(by rights a breakout on the xxx/JPY should be about ready, and would be checked against all current indicators.

Possible?

Eddie

############################################

Steve

I have used your settings for Trade Manager and KG's.

What I am trying to figure out is similar to what KG was asking about where it would be possible to secure an amount of pips.

Could we...
What do you mean with:

Support: 2
Resistance: 5

Thanks

KG
  • #744
  • Nov 25, 2008 4:42am Nov 25, 2008 4:42am
Quoting eddiemiller
Steve

I have used your settings for Trade Manager and KG's.

What I am trying to figure out is similar to what KG was asking about where it would be possible to secure an amount of pips.

Could we do this by setting the BreakEvenProfit to 100 to achieve this?
Yes.
  • #745
  • Nov 25, 2008 4:51am Nov 25, 2008 4:51am
I propose we change the name Rs_group_jpyv1.0 to Broker_breaker or pipmaker lol

This is just like the neighborhood ATM
  • #746
  • Nov 25, 2008 4:56am Nov 25, 2008 4:56am
Quoting shiva
I propose we change the name Rs_group_jpyv1.0 to Broker_breaker or pipmaker lol

This is just like the neighborhood ATM
Huahahahahahahahahahahaha
  • #747
  • Nov 25, 2008 5:00am Nov 25, 2008 5:00am
Quoting Kang_Gun
Huahahahahahahahahahahaha
The only time i have lost with this is when I by mistake clicked on the open long script instead of the short script lol. which was immediately closed and reopened as short and ultimately positive day
  • #748
  • Nov 25, 2008 5:04am Nov 25, 2008 5:04am
Quoting Kang_Gun
What do you mean with:

Support: 2
Resistance: 5

Thanks

KG
I was hoping to show for each pair selected whether the price was nearer to a support or resistance point.

This would to me (in the same way I would read a normal chart) show in which way each trend was likely go to with out interference.

So you might get:

usdjpy: 1R
eurjpy: 1R
gbpjpy: 1S
chfjpy: 1S
audjpy: 1S
nzdjpy: 1S
cadjpy: 1S

So you have:

2 x R
5 x S

This would show that 5 of the seven pairs are nearer previous support lines, which may show an "overview" of a possible reverse in direction, based on the same assumption that we are using through this setup that if the JPY is doing something on more than one pair that a position can be taken across the board so to speak.

I believe this would work as a secondary check where say signal was weak yet the "S" count was 6 - caution possible reverse within range.

Does that make sense?

(KG - do you never sleep either!!! always here!)

BTW - WEAK just kicked in xand the lines crossed. BUY NOW?

Eddie
  • #749
  • Nov 25, 2008 5:07am Nov 25, 2008 5:07am
Quoting shiva
The only time i have lost with this is when I by mistake clicked on the open long script instead of the short script lol. which was immediately closed and reopened as short and ultimately positive day
It's happened to me too my friends. i think it's caused everything to easy... hahahahahaha

KG
  • #750
  • Nov 25, 2008 5:08am Nov 25, 2008 5:08am
Here is the signal I have been waiting for. There has been a cross, so I want to buy xxxJPY.

There is the question of timing. Do I jump in straight away, or wait for the cross to become more definite?

It is a demo, so I am jumping in straight away, given that JPY looks overbought.

Any ideas, guys?

Edit:
I didn't leap on the trade straight away. By the time I had typed this, the cross had uncrossed.


Attached Image (click to enlarge)
Click to Enlarge Name: jpy basket.gif Size: 11 KB
  • #751
  • Nov 25, 2008 5:10am Nov 25, 2008 5:10am
Quoting Kang_Gun
It's happened to me too my friends. i think it's caused everything to easy... hahahahahaha

KG
I did the same so changed my script names........
Attached Image
  • #752
  • Nov 25, 2008 5:11am Nov 25, 2008 5:11am
Quoting eddiemiller
I was hoping to show for each pair selected whether the price was nearer to a support or resistance point.

This would to me (in the same way I would read a normal chart) show in which way each trend was likely go to with out interference.

So you might get:

usdjpy: 1R
eurjpy: 1R
gbpjpy: 1S
chfjpy: 1S
audjpy: 1S
nzdjpy: 1S
cadjpy: 1S

So you have:

2 x R
5 x S

This would show that 5 of the seven pairs are nearer previous support lines, which may show an "overview" of a possible reverse in direction, based on the same assumption that we...
Yes, that's what i'm doing now but i use my own level.

BUY ? jessss be carefull JPY on KG_RS_GROUP still the strongest currency.

KG
  • #753
  • Nov 25, 2008 5:12am Nov 25, 2008 5:12am
Quoting eddiemiller
I did the same so changed my script names........
Yeah... me too...

KG
  • #754
  • Nov 25, 2008 5:14am Nov 25, 2008 5:14am
Quoting Kang_Gun
Yes, that's what i'm doing now but i use my own level.
KG

Can you share that with us please?

This would be multi time frame so do you have all charts open of have you coded an indicator to make it happen?

Eddie
  • #755
  • Nov 25, 2008 5:16am Nov 25, 2008 5:16am
Quoting SteveHopwood
Here is the signal I have been waiting for. There has been a cross, so I want to buy xxxJPY.

There is the question of timing. Do I jump in straight away, or wait for the cross to become more definite?

It is a demo, so I am jumping in straight away, given that JPY looks overbought.

Any ideas, guys?

Edit:
I didn't leap on the trade straight away. By the time I had typed this, the cross had uncrossed.


Steve, you need KG_RS_GROUP indicator to help you please attach it on your chart

KG
  • #756
  • Nov 25, 2008 5:18am Nov 25, 2008 5:18am
Quoting eddiemiller
Can you share that with us please?

This would be multi time frame so do you have all charts open of have you coded an indicator to make it happen?

Eddie
I'm still working to code them.

KG
  • #757
  • Nov 25, 2008 5:23am Nov 25, 2008 5:23am
Quoting Kang_Gun
Steve, you need KG_RS_GROUP indicator to help you please attach it on your chart

KG
Cheers KG. I had it attached, but removed it because I could not work out what it was telling me. I have it re-attached now, and still can't work out what it is telling me.

I will go back through the posts later and read about it.

  • #758
  • Nov 25, 2008 5:29am Nov 25, 2008 5:29am
One of my contract a big hit(LOSS)

I marked in the chart UP down up
Attached Image (click to enlarge)
Click to Enlarge Name: euro us.gif Size: 45 KB
  • #759
  • Nov 25, 2008 5:30am Nov 25, 2008 5:30am
Quoting SteveHopwood
Cheers KG. I had it attached, but removed it because I could not work out what it was telling me. I have it re-attached now, and still can't work out what it is telling me.

I will go back through the posts later and read about it.

OK.. there a lot of informations there.
You can check which currency is the strongest or the weakest.
Area above 50 is STRONG area.
Area below 50 is WEAK area.
Crossing between currency give you a signal to open an individual trade, you can use it to trade 28 pairs in single chart.
etc.

KG
  • #760
  • Nov 25, 2008 5:30am Nov 25, 2008 5:30am
Quoting LT man
to Eddie

this signals which you mark with circles I think is wrong like you see chart is range. KG RS group chart line JPY crossed 50 line very late. It's better when JPY line cross 50 line early aftrer Highest Lowest index lines cross one over

trade after some minutes. I LIKE IT

hi LT man,

what do you mean with "JPY line cross 50" ? i dont get it.
is it an indicator? if it is, please share...

thanks
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