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Relative Strength Basket Trading System

  • #881
  • Nov 25, 2008 4:47pm Nov 25, 2008 4:47pm
Quoting mt41969
i think this must be beginners luck for me.

Well done fella - mid sharing your Trade Manager .set file with us all?

Eddie
  • #882
  • Nov 25, 2008 4:53pm Nov 25, 2008 4:53pm
Quoting mt41969
i think this must be beginners luck for me.
2 lot on $3000 ???
Be carefull with lot size...

Thanks

KG
  • #883
  • Nov 25, 2008 4:54pm Nov 25, 2008 4:54pm
i didnt use the trade manger program. i just built a trailingstop EA and waited for all the xxxjpy pairs to go red for all timeframes, then went short on all 7 pairs and let the trailingstop ea handle the rest.

must have hit the market and the right time.
  • #884
  • Nov 25, 2008 4:56pm Nov 25, 2008 4:56pm
yes, i didnt mean to use lotsize=2, was a mistake, very lucky it went in my favour. will be more careful next time.
  • #885
  • Nov 25, 2008 5:06pm Nov 25, 2008 5:06pm
Quoting Kang_Gun
2 lot on $3000 ???
Be carefull with lot size...

Thanks

KG

PM'd ya fella

TY


Eddie
  • #886
  • Nov 25, 2008 5:55pm Nov 25, 2008 5:55pm
anyone trading?
  • #887
  • Nov 25, 2008 6:17pm Nov 25, 2008 6:17pm
Quoting eddiemiller
anyone trading?
nope asia is pretty dead
  • #888
  • Nov 25, 2008 7:05pm Nov 25, 2008 7:05pm
yeah,

asian market is so silent...

thanks
  • #889
  • Nov 25, 2008 8:18pm Nov 25, 2008 8:18pm
why script can't open trade ???
Attached Image (click to enlarge)
Click to Enlarge Name: problem.JPG Size: 128 KB
  • #890
  • Nov 25, 2008 8:33pm Nov 25, 2008 8:33pm
Quoting detazn
why script can't open trade ???
check the expert tab at the bottom of the platform next to the mailbox(its in the terminal).
if no errors like insufficient funds, make sure you check allow live trading on the common tab of the script. you can also change your user preferences to always allow live trading
  • #891
  • Nov 25, 2008 8:56pm Nov 25, 2008 8:56pm
Quoting dracozny
check the expert tab at the bottom of the platform next to the mailbox(its in the terminal).
if no errors like insufficient funds, make sure you check allow live trading on the common tab of the script. you can also change your user preferences to always allow live trading

thanks
  • #892
  • Nov 25, 2008 9:08pm Nov 25, 2008 9:08pm
Sorry to bother others, but I've loaded all the indicators from post # 1, and double checked everything (including Formula_2), but I still just get a screen with all the indicators, but no updating. Any suggestions ? Thanks.
  • #893
  • Nov 25, 2008 11:34pm Nov 25, 2008 11:34pm
Quoting jeff jordan
I am not sure what do you mean by the arrows? do you mean the KG Trend MTF Pairs indicator? that is just to double check on the entry!

for the second question: that was it, 2 minutes only. using CloseAll-PL with a $50 take profit. My strategy was, is, and will be "hit & run", because you never know when things will turn against you.

Jeff
Jeff Jordan
If don't use the EA nor the close all , then I have to look at the arrows and when they all green from 5 ' to 4 hour enter the trade ?
Thank you
  • #894
  • Nov 25, 2008 11:55pm Nov 25, 2008 11:55pm
Morning All,

How did the Asian session go?

Eddie
  • #895
  • Nov 25, 2008 11:58pm Nov 25, 2008 11:58pm
Quoting eddiemiller
Morning All,

How did the Asian session go?

Eddie
not much to get. towards the end I managed to catch some retraces, watching the 5 min chart and sticking with the jpy strength.
  • #896
  • Nov 26, 2008 1:11am Nov 26, 2008 1:11am
[quote=eddiemiller;2376803]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)
Hello Eddiemiller
Please send me [STRONG] RS_Group_JPY V1.0 and [WEAK] RS_Group_JPY V1.0 , I can't open the zip
thank you
  • #897
  • Nov 26, 2008 1:22am Nov 26, 2008 1:22am
Here you go.
Attached File(s)
File Type: ex4 RS_GROUP_JPY V1.0.ex4   5 KB | 372 downloads
  • #898
  • Nov 26, 2008 1:38am Nov 26, 2008 1:38am
1. Can I get the strong also?
2. On KG RS Group I can't see the white line on the chart
Thank you
  • #899
  • Nov 26, 2008 1:39am Nov 26, 2008 1:39am
eddie,

i did a little more trading but something happened to the Asian market.
Attached File(s)
File Type: zip DetailedStatement.zip   7 KB | 321 downloads
  • #900
  • Nov 26, 2008 2:05am Nov 26, 2008 2:05am
Quoting SteveHopwood
Just because something has been happening does not mean it will continue to happen. By definition, all indicators lag behind actual price action. However brilliant (and the are brilliant) KG's indis are, they are unable to predict the future.

When a seemingly 'obvious' trade instantly turns bad, we have three choices:[list=1][*]Hang on and hope the market turns back in our favour.[*]Close the position immediately and re-enter in the direction newly suggested by the indis.[*]Hedge the position by taking out a double-sized basket in the...
Hello,

principal we agree that the indicator repaints right? So what does that mean? You usually buy or sell if you observer the crosses which are needed. For example last hour white crossed red (white>red) and white goes over 50 and all other currencies. Thats a clear sell signal. You will sell at the beginning of the next hour. Immediately after you finished to sell your basket jpy becomes weak. The slope of the white graph from the last and the current hour goes down and the crosses never happend. Alltogether it was nothing else than a retracement and the basket will lose massively money. On a backtest everything is looking great. The indicator catched the trend and seems to be trustfull. If you want to trade this you have to adopt your rules. Trade the continuation of the trend and not the retracement.
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