Relative Strength Basket Trading System | Page 50 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading system using relative strength 2,816 replies

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading System Using Relative Strength-Part 2 1,499 replies

My version of a relative strength basket 2 replies

Attachments: Relative Strength Basket Trading System
Exit Attachments

Relative Strength Basket Trading System

  • #981
  • Nov 27, 2008 5:41am Nov 27, 2008 5:41am
Quoting Anggara
Hi Eddie
I close manually using Close_All script since I haven't find the trade manager right set up for me and still observing it. I'll post my .set file soon as I have one that work for me.

I am not the coder of the Close_All script but I attached here in case someone need it.

Cheers fella. I use th trade manager and have another version of the close all script that gives a full close or only certain trades......
Attached File(s)
File Type: mq4 _CloseOrders.mq4   7 KB | 491 downloads
  • #982
  • Nov 27, 2008 5:55am Nov 27, 2008 5:55am
We need a way to filter out these small reversals.
Just like what Steve was saying, I was in profit but because of these tight reversals, lost. What filter indicator are some of you using if any?
Attached Image (click to enlarge)
Click to Enlarge Name: kgjpy.JPG Size: 53 KB
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #983
  • Nov 27, 2008 5:59am Nov 27, 2008 5:59am
Quoting Kang_Gun
I play with KG_RS_GROUP, and look like everything more clear. We could monitor all JPY pairs easily and we could make a decission when we have to ENTRY, HOLD it or EXIT.

Hope it's help

KG
hi KG,

what do you mean by this?
would u please explain?

thanks a lot.
  • #984
  • Nov 27, 2008 6:08am Nov 27, 2008 6:08am
I have been trading a basket system for the last couple of months.

Working out relative currency strength is easy. Where this thread seems to be, (and where I am with my own system) is how to use that data to produce a consistent profit.

Just because a currency has moved strongly doesn't mean it's going to in the future, if it were that simple we'd all be millionaires.

What I do is use the figures produced by my calculations to see which currencies are strongest/weakest and then apply some basic chart reading to that particular pair. For example, it's unlikely i would have looked at NZD/JPY, but recently it's been the obvious pair to trade.

Simple buying in dips and selling in rallies with a medium-term (1 month) option has proved effective, and it also means i don't have to be at screen all the time. Also, I'm only using end of day data for my spreadsheets and I'm checking the prices a couple of times a day if I have a trade live.

Here's a screen shot of the recent action:
Attached Image (click to enlarge)
Click to Enlarge Name: currency_strength.jpg Size: 389 KB
  • #985
  • Nov 27, 2008 6:09am Nov 27, 2008 6:09am
Quoting matrixebiz
We need a way to filter out these small reversals.
Just like what Steve was saying, I was in profit but because of these tight reversals, lost. What filter indicator are some of you using if any?
It doesn't look as though you have KG's KG_RS_Group indi loaded, matrixebiz. This is invaluable in helping filter trades - see my pic as an example.

The indi is a bit confusing at first, but for now just look at the white line - it wants to be over 50 to back up a 'strong' signal, and under 50 for a 'weak'. I have attached it so you don't have to go looking for it.

Attached Image (click to enlarge)
Click to Enlarge Name: jpy basket.gif Size: 50 KB
Attached File(s)
File Type: ex4 KG RS GROUP.ex4   20 KB | 516 downloads
  • #986
  • Nov 27, 2008 6:09am Nov 27, 2008 6:09am
I have received 8 pm till today asking to make RS GROUP for the other currency... so here are :

Explore, observe and share it here what ever you got that could help us to develop this Basket System.

Thanks

KG
Attached File(s)
File Type: ex4 RS_GROUP_AUD V1.0.ex4   5 KB | 975 downloads
File Type: ex4 RS_GROUP_CAD V1.0.ex4   5 KB | 891 downloads
File Type: ex4 RS_GROUP_CHF V1.0.ex4   5 KB | 958 downloads
File Type: ex4 RS_GROUP_EUR V1.0.ex4   5 KB | 1,018 downloads
File Type: ex4 RS_GROUP_NZD V1.0.ex4   5 KB | 884 downloads
File Type: ex4 RS_GROUP_GBP V1.0.ex4   5 KB | 972 downloads
File Type: ex4 RS_GROUP_USD V1.0.ex4   5 KB | 1,032 downloads
  • #987
  • Nov 27, 2008 6:12am Nov 27, 2008 6:12am
Quoting Anggara
I made a demo account 26 hours ago, had 24 trades, 22 in the profit side and only 2 loses ...
5000$ demo account profiting around 800$ from around 800 pips even in this very ranging day...

http://i38.tinypic.com/qs4gih.gif

so I believe the observation will be more and more interesting...
Thank you KG, Steve and everyone in this thread for the big effort...
waiting next phase with big enthusiasm ...
hi anggara,

how did u do it?
i always lost all the time..

thanks
  • #988
  • Nov 27, 2008 6:18am Nov 27, 2008 6:18am
Quoting elchoco
I have been trading a basket system for the last couple of months.

Working out relative currency strength is easy. Where this thread seems to be, (and where I am with my own system) is how to use that data to produce a consistent profit.

Just because a currency has moved strongly doesn't mean it's going to in the future, if it were that simple we'd all be millionaires.

What I do is use the figures produced by my calculations to see which currencies are strongest/weakest and then apply some basic chart reading to that particular pair. For...
Thank you elchoco,

So, you are using D1 data to calculate the strength?
Could you share your experience and whatever you think about relative currency strength here, all your information will help us here.

Regards,

KG
  • #989
  • Edited 7:13am Nov 27, 2008 6:57am | Edited 7:13am
Quoting SteveHopwood
It doesn't look as though you have KG's KG_RS_Group indi loaded, matrixebiz. This is invaluable in helping filter trades - see my pic as an example.

The indi is a bit confusing at first, but for now just look at the white line - it wants to be over 50 to back up a 'strong' signal, and under 50 for a 'weak'. I have attached it so you don't have to go looking for it.

Ok, thanks Steve, I'll have a look.
Once this week is over I'll have to examine the trades and see what would work best.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #990
  • Nov 27, 2008 6:58am Nov 27, 2008 6:58am
Quoting Kang_Gun
I have received 8 pm till today asking to make RS GROUP for the other currency... so here are :

Explore, observe and share it here what ever you got that could help us to develop this Basket System.

Thanks

KG
Nice Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #991
  • Nov 27, 2008 7:18am Nov 27, 2008 7:18am
Hi Kg

+400$ Profit Uk And Europe Session
  • #992
  • Nov 27, 2008 7:21am Nov 27, 2008 7:21am
Dear guys, plz share here the main indicators, or give the link to download, I really dont know what i must install to MT4. To much indicators. Plz share the template, indicators and main rules for this GREAT System. Thanks!
Or send me PM.

Many many thanks!
  • #993
  • Nov 27, 2008 7:26am Nov 27, 2008 7:26am
Quoting fxairy
Dear guys, plz share here the main indicators, or give the link to download, I really dont know what i must install to MT4. To much indicators. Plz share the template, indicators and main rules for this GREAT System. Thanks!
Or send me PM.

Many many thanks!
seriously read the posts in the thread - its all here.

See the paper-clip (top right) all EA's, Ind's etc are there.


Please read before asking.... much detail is provided.

Eddie
  • #994
  • Nov 27, 2008 7:27am Nov 27, 2008 7:27am
Hi crush


Attached the chart where you can see the JPY and NZD lines
based on this you can take individual trade

but I wronlgy attached inthe gj chart but that does not matter
Attached Image (click to enlarge)
Click to Enlarge Name: euro us.gif Size: 40 KB
  • #995
  • Nov 27, 2008 7:31am Nov 27, 2008 7:31am
Hello Harigp,you seem to be on top of this great game.Can you share your entry strategy with us?Or at best what informs your timely execution of trades.Honestly your results are mind blowing.Cheers.You can PM me.All the best friend.
  • #996
  • Nov 27, 2008 7:53am Nov 27, 2008 7:53am
Quoting harigp
Hi crush


Attached the chart where you can see the JPY and NZD lines
based on this you can take individual trade

but I wronlgy attached inthe gj chart but that does not matter
hi harigp,

is that all that we should watch? and take positions based on this?

thanks
  • #997
  • Nov 27, 2008 7:59am Nov 27, 2008 7:59am
Quoting eddiemiller
seriously read the posts in the thread - its all here.
See the paper-clip (top right) all EA's, Ind's etc are there.
Please read before asking.... much detail is provided.
Eddie
Of course, I have read. But I can not understand what indicators to choose. To much of them. If not difficult to give me the indicators and a template. Please go ahead!
  • #998
  • Nov 27, 2008 8:01am Nov 27, 2008 8:01am
Quoting eddiemiller
Cheers fella. I use th trade manager and have another version of the close all script that gives a full close or only certain trades......
Nice..
yours better
will be useful to close certain position when hedging the trades...
thank you very much Eddie hehehe...
  • #999
  • Nov 27, 2008 8:10am Nov 27, 2008 8:10am
Hi cb

I was just giving you one eg. You can attach in one chart lik KG has done it for all the pairs
and choose which pairs you have to trade first and other later based on the movement of lines

by the way I have closed the trade in profit the one which we both entered this morning
  • #1,000
  • Nov 27, 2008 8:15am Nov 27, 2008 8:15am
Another Trade +100 $
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 28 KB
2 traders viewing now