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Relative Strength Basket Trading System

  • #821
  • Nov 25, 2008 12:04pm Nov 25, 2008 12:04pm
Hey pipster, thats not a indicator or ea function. I just used the Insert Menu to add an arrow to illustrate a point.

Quoting misterpipster
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
  • #822
  • Nov 25, 2008 12:05pm Nov 25, 2008 12:05pm
This is just to help you to predict where is the price will go. I have to introduce it because so many traders asking about using S/R in this system.

OK, here we go:

I suggest to use BB 120 SD 1, 2, 3, 4, 5, 6 for your dynamic S/R. Just use BB standart at your MT.

Why BB 120? because we use H1 so BB 120 means we will measure the SMA and Standard Deviation about a week data. One week is good enough data.

Just pay attention to the all the lines on your chart that made by 6 BB. Do a backtest and see how price play between the lines.

Hope it's help

KG
Attached Image (click to enlarge)
Click to Enlarge Name: bb120.jpg Size: 157 KB
  • #823
  • Nov 25, 2008 12:07pm Nov 25, 2008 12:07pm
Quoting shiva
Hey pipster, thats not a indicator or ea function. I just used the Insert Menu to add an arrow to illustrate a point.
Hi Shiva,

Ok, thanks. I think KG was going to try to add an alert arrow and a sound alert as well, as time permitted. A sound alert would help a lot. Thanks.

Misterpipster
  • #824
  • Nov 25, 2008 12:26pm Nov 25, 2008 12:26pm
Shiva,

Are you using the Multi purpose trade manager? If so, what are your settings?

Ed
  • #825
  • Nov 25, 2008 12:34pm Nov 25, 2008 12:34pm
Yes, preset was posted by Steve earlier, here it is attached again
Attached File(s)
File Type: zip kg basket management.zip   1 KB | 660 downloads

Quoting seamonkey
Shiva,

Are you using the Multi purpose trade manager? If so, what are your settings?

Ed
  • #826
  • Nov 25, 2008 12:36pm Nov 25, 2008 12:36pm
Below are some strategies that have been sugjested by some users Take what you like leave the rest hopefully it will help to establish the rules

Dave




Eddiemiller

Rules for use

[STRONG] RS_Group_JPY V1.0 - White line crosses ABOVE red line AND above 50% line - KG RS Group shows white line going above all others (or near to top)

[WEAK] RS_Group_JPY V1.0 - White line crosses BELOW red line AND BELOW 50% line - KG RS Group shows white line going below/down all others (or near to bottom)
__________________

Mcfly

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.

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.

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.



KG

I take all the trade base on crossing at RS_GROUP_JPY V1.0 indicator and JPY condition at KG_RS_GROUP. I'll take the crossing signal when JPY almost or already cross 50 level at KG_RS_GROUP indicator.

50 is the border between STRONG & WEAK Area. We can take the trade base on crossing red and white line but we have to check those line could pass 50 level or not.

Example: Let's say the red and white line crossing (weak) at area around 83 and then those line going down, but then both line looks like could not pass 50 level... it's give us an information that the weak fase will be finish and reverse to strong
fase.

Yes it's happened to me too, we can not blame the indicator because they only read what is happened now. What we need to do is do something to keep our margin save. We have two choice: Cut Loss and reverse or open another trade with double. This situation alway happened to me too before when price is ranging.. you can check three last candle all JPY pairs at H1.

The wise action is what LT_Man did... he always wait till both line cross 50 level and the open his trade...

This is just to help you to predict where is the price will go. I have to introduce it because so many traders asking about using S/R in this system.

OK, here we go:

I suggest to use BB 120 SD 1, 2, 3, 4, 5, 6 for your dynamic S/R. Just use BB standart at your MT.

Why BB 120? because we use H1 so BB 120 means we will measure the SMA and Standard Deviation about a week data. One week is good enough data.

Just pay attention to the all the lines on your chart that made by 6 BB. Do a backtest and see how price play between the lines.

Hope it's help

LT_MAN

this week I will work with strategy:
open position when Highest lowest index lines cross one other and KG RS GROUP JPY line cross 50 line together, or KG RS GROUP JPY line cross 50 line after some time. I think better is get confirmation from KG RS GROUP, after Highest lowest index lines cross one other.

if you will see on chart, when KG RS GROUP chart JPY line crossing 50 line after some time when Highest Lowest Index lines cross one other, it's confirm signal to open position. if JPY line not cross 50 line is wrong signal. so it's better wait when JPY line cross 50.

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


SHIVA

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 ; )
  • #827
  • Nov 25, 2008 12:41pm Nov 25, 2008 12:41pm
Quoting dryclean
Below are some strategies that have been sugjested by some users Take what you like leave the rest hopefully it will help to establish the rules

Dave




Eddiemiller

Rules for use

[b][color=darkgreen][font=Verdana][STRONG] RS_Group_JPY V1.0 - White line crosses...
thanks for grouping all of that into one post - however my breakdown (above) summarises what every one has said!

That was kinda the idea.......

Eddie
  • #828
  • Nov 25, 2008 12:43pm Nov 25, 2008 12:43pm
http://www.forexfactory.com/images/icons/icon8.gif Problem!
Hi all!
Thanks for a great system!
Nevertheless I have a problem: I use FXDD MT4 and am unable to download the "multi purpose manager" and the KG JPY Basket Long and short!!!
Could anyone help me???
Thanks a lot
A.
  • #829
  • Nov 25, 2008 12:54pm Nov 25, 2008 12:54pm
Maybe there is a repaint issue. I noticed that the actual changes of the slopes in the kg rs group indicator window repaints the slope of the currencies 2 hours back instead of only the current hour. Normaly the slpe of the graphs moves in steps or angels. Unfortunately is the slope of the last and the current hour linear. So a change in the current value will affect the slope of the last hour. I think the same problem regards the rs_group_JPY indicator.

Can somebody confirm this?
  • #830
  • Nov 25, 2008 1:01pm Nov 25, 2008 1:01pm
Quoting alain1
http://www.forexfactory.com/images/icons/icon8.gif Problem!
Hi all!
Thanks for a great system!
Nevertheless I have a problem: I use FXDD MT4 and am unable to download the "multi purpose manager" and the KG JPY Basket Long and short!!!
Could anyone help me???
Thanks a lot
A.
I use FXDD look for the script files at November 22 and use the ones ending with NOT IBFX and for the EA use KG preset he had posted a couple pages back

Its working for me
  • #831
  • Nov 25, 2008 1:01pm Nov 25, 2008 1:01pm
Quoting shiva
Yes, preset was posted by Steve earlier, here it is attached again
Attachment
Ok, thanks. I thought he said he was just using that on a very small account though.
  • #832
  • Nov 25, 2008 1:04pm Nov 25, 2008 1:04pm
What do you reckon? In on a BUY
Attached Image (click to enlarge)
Click to Enlarge Name: 25112008_1902.gif Size: 94 KB
  • #833
  • Nov 25, 2008 1:04pm Nov 25, 2008 1:04pm
Quoting alain1
http://www.forexfactory.com/images/icons/icon8.gif Problem!
Hi all!
Thanks for a great system!
Nevertheless I have a problem: I use FXDD MT4 and am unable to download the "multi purpose manager" and the KG JPY Basket Long and short!!!
Could anyone help me???
Thanks a lot
A.
Are you talking about downloading or installing? Shouldn't matter what broker you have to download. Try right click and "save as"
  • #834
  • Nov 25, 2008 1:09pm Nov 25, 2008 1:09pm
No. I mean, when the jpy buy/sell is in the experts/scripts folder, nothing happens when I click on them...! But I'll try again.
Thanks a lot anyway
A.
  • #835
  • Nov 25, 2008 1:16pm Nov 25, 2008 1:16pm
Okay there is definitly a repaint issue. Cross have no significance because the slope from last hour is linked with the current slope.
  • #836
  • Nov 25, 2008 1:25pm Nov 25, 2008 1:25pm
I tried again but nothing happens!!!
Can you help me fix that problem as I must do something wrong somewhere. Can you explain me the complete process so I can duplicate it with my FXDD platform???
Thanks a lot and sorry to bother you
A.
  • #837
  • Nov 25, 2008 1:38pm Nov 25, 2008 1:38pm
Quoting eddiemiller
What do you reckon? In on a BUY
I got that one wrong - it just went flat, now up but almost stuck together.

I am not sure about the repaint issue.... needs looking at KG

Eddie
  • #838
  • Nov 25, 2008 1:39pm Nov 25, 2008 1:39pm
Quoting alain1
I tried again but nothing happens!!!
Can you help me fix that problem as I must do something wrong somewhere. Can you explain me the complete process so I can duplicate it with my FXDD platform???
Thanks a lot and sorry to bother you
A.
Hi alain1,
did you try to drag it from the expert adivsor inot the chart?
Have you downloaded Formula 2.exe or its revised version?

Jeff
  • #839
  • Nov 25, 2008 1:42pm Nov 25, 2008 1:42pm
Hi alain

can you show us the screen shot of the tool in MT4

Is any other EA is working in your platform. I am using fxdd and no problems faced
  • #840
  • Nov 25, 2008 1:50pm Nov 25, 2008 1:50pm
thanks for your help,
I have to place the KGJPY baskets in the experts/scripts, right?
If so, nothing happens when I drag or click the icone...
As of the EA, I placed it in the experts folder and nothing happens when I click it..
I am sorry, I am not a " computer guy" and I do not know how to show you my platform. I only know how to send you a message
Thanks anyway
A.
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