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Relative Strength Basket Trading System

  • #801
  • Nov 25, 2008 8:53am Nov 25, 2008 8:53am
Quoting crushbeat
hi,

20 minutes after placed the trades, it became +500$
in 45 min, it became -$104..

confused..
... sounds like Forex Greed. Was +$500 not enough in 20 minutes?

Market has been raging this afternoon, going up and down.

Use the trade Manager, lock some profit in like I have and all is good....... making at least $200 on each trade - $800 for the day.

Eddie
  • #802
  • Nov 25, 2008 8:57am Nov 25, 2008 8:57am
hi,

20 minutes after placed the trades, it became +500$
in 45 min, it became -$104..

confused..
  • #803
  • Nov 25, 2008 8:58am Nov 25, 2008 8:58am
Quoting crushbeat
hi,

20 minutes after placed the trades, it became +500$
in 45 min, it became -$104..

confused..
See above.

Why are you confused?
You got greedy and the market took it all back and some more......

Eddie
  • #804
  • Nov 25, 2008 9:08am Nov 25, 2008 9:08am
hi,

one hour later, it became -$202...

thanks
  • #805
  • Nov 25, 2008 9:11am Nov 25, 2008 9:11am
Quoting eddiemiller
See above.

Why are you confused?
You got greedy and the market took it all back and some more......

Eddie
hehehe.. i just need to know if i can get $800..

thanks
  • #806
  • Nov 25, 2008 9:11am Nov 25, 2008 9:11am
Quoting crushbeat
hi,

one hour later, it became -$202...

thanks
I think you are missing the point, or your not making yourself clear.

What are you asking?

Are you asking why the trade went into profit and then over time went negative?

Eddie
  • #807
  • Nov 25, 2008 9:13am Nov 25, 2008 9:13am
I think i will try the following.

I only use the KG rs group indicator. I add a pair to the basket if there is a cross over for the pair on the indicator window. So it is an enduring basket.

Feel uncertain about: TP, maybe Time taking profit, SL, focusing on a few currencies because the basket could be too big by adding everytime a currencypair when a crossover happens.
  • #808
  • Nov 25, 2008 9:28am Nov 25, 2008 9:28am
Quoting eddiemiller
I think you are missing the point, or your not making yourself clear.

What are you asking?

Are you asking why the trade went into profit and then over time went negative?

Eddie
hello eddie,

yes, correct Eddie
It is so fast become positive into negative..

and i just tell everyone how my progress is.
right now -$153

thanks
  • #809
  • Nov 25, 2008 9:35am Nov 25, 2008 9:35am
Quoting crushbeat
hello eddie,

yes, correct Eddie
It is so fast become positive into negative..

and i just tell everyone how my progress is.
right now -$153

thanks
I think there were news during the trade.
  • #810
  • Nov 25, 2008 9:44am Nov 25, 2008 9:44am
OK - this isn't always a long term trade setup.

In fact making $500.00 on any trade is a weeks wages for a few minutes work.

You said that after 20 minutes you had hit $500.00. Thats $25 per minute!!!

WOW

It doesn't matter how good the system is, how long you have traded for or what you understand about Forex....... the market is constantly moving up and down and if you don't take take the profits offered to you (and get greedy) then you will loose everything sooner or later.

If you use the trade Manager you can hold onto a bit of the profit if you insist in letting it run. Lock in say $200 so that once you have acheived this the worst you can get is the $200.........

HOWEVER..........

$500.00 is a stunning profit. next time bank it!

Eddie
  • #811
  • Edited 11:13am Nov 25, 2008 10:14am | Edited 11:13am
Nevermind ...
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #812
  • Nov 25, 2008 10:15am Nov 25, 2008 10:15am
Quoting Kang_Gun
I start this morning with $5000 demo at 07:00 am and now 07:55 pm here in Indonesia. The balance already $10.065....

KG
very impressive result bro..just only 12 hours the account equity become double
if the ea can do that on the real account...i think the broker will hunt the ea and find a way to defeat the ea.
  • #813
  • Nov 25, 2008 10:26am Nov 25, 2008 10:26am
I have changed my idea to the following:

When the white line of the rs_group_jpy indicator cross the red line i will sell/buy all x/JPY pairs which crossed with the jpy line in the kg rs group indicator window at the same time. This means when white is crossing red--> weak i will buy all pairs which crossed above jpy.
  • #814
  • Nov 25, 2008 10:55am Nov 25, 2008 10:55am
I am losing count of the pips i made today using only rs jpy group indicator, 5 trades total, close to 1000 pips. varying lot sizes from 0.01 to 0.05. Wish I had used full standard lots COuld have paid off my car loan by now lol
  • #815
  • Nov 25, 2008 11:47am Nov 25, 2008 11:47am
Hi shiva

Can you tell us your strategy
  • #816
  • Nov 25, 2008 11:53am Nov 25, 2008 11:53am
Quoting harigp
Hi shiva

Can you tell us your strategy
Simple at the arrow sell 6 jpy crosses on IBFX
Attached Image (click to enlarge)
Click to Enlarge Name: rs group jpy.gif Size: 13 KB
  • #817
  • Nov 25, 2008 11:55am Nov 25, 2008 11:55am
Quoting matrixebiz
Nevermind ...
The first number (buffer 0) for red line
The second number (buffer 1) for white line

Hope it's help

KG
  • #818
  • Nov 25, 2008 12:00pm Nov 25, 2008 12:00pm
Hi shiva

But have you looked into the drawdown

I use to see the loss goes well beyond the margin and later recovers to profit
and also huge profit suddenly reduces to small profit

When we go live it will be scary.
  • #819
  • Nov 25, 2008 12:02pm Nov 25, 2008 12:02pm
Quoting shiva
Simple at the arrow sell 6 jpy crosses on IBFX
Attachment
Hello Shiva,

Could you show us how to add the buy or sell arrows based on the cross, and is there a sound function as well? Thanks.

misterpipster
  • #820
  • Nov 25, 2008 12:03pm Nov 25, 2008 12:03pm
Yes HAri, drawdown can be huge, but its very low when you do it when the lines cross 50% line. Not just a line cross.

Also pay attention to the angle of the lines. Steeper the angle stronger the move. This way your number of trades will be less, but so will be drawdown.

Honestly, to make a living you need one 50 pip trade a day ; )

Quoting harigp
Hi shiva

But have you looked into the drawdown

I use to see the loss goes well beyond the margin and later recovers to profit
and also huge profit suddenly reduces to small profit

When we go live it will be scary.
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