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Relative Strength Basket Trading System

  • #1,001
  • Nov 27, 2008 8:20am Nov 27, 2008 8:20am
Quoting harigp
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
hi harigp,

would you please give me examples about this.
what is your SL and TP ratio?

please explain me the details, i got lost all the time..

thanks
  • #1,002
  • Nov 27, 2008 8:22am Nov 27, 2008 8:22am
Quoting fxairy
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!
Just go the first post read, and you will found all the link that you need...

Thanks

KG
  • #1,003
  • Nov 27, 2008 8:27am Nov 27, 2008 8:27am
Quoting fxairy
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!
Sorry fella maybe someone else will help you - if you have read through the posts you would understand what to install where, it's just about all we talk about.

Sounds like you are looking for "fool proof method to print money with out any understanding....." your in the wrong place my friend.

Eddie
  • #1,004
  • Nov 27, 2008 8:29am Nov 27, 2008 8:29am
Quoting eddiemiller
Sorry fella maybe someone else will help you - if you have read through the posts you would understand what to install where, it's just about all we talk about.

Sounds like you are looking for "fool proof method to print money with out any understanding....." your in the wrong place my friend.

Eddie
No, of course not! Im already trade by T101 Orest systems (if you know)
And I like trade by basket! Just wanna to know more about this system.
  • #1,005
  • Nov 27, 2008 8:42am Nov 27, 2008 8:42am
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
GREAT hari, you can see my point with that indicator.

OK, let me remind you something... still remember ES Trader first origanal rule ? Yes... you can use KG_RS_GROUP with that rule too. Take a look to the "+" and "-" on the second row, it's tell you the current strength compare to the previous strength. So, if it "+" it's tell you the strength is increase and if it's "-" means the strength is decrease.

How to use "+" and "-" sign ? EASY, just trade pair with "+" and "-" sign. Ejactly same as ES Trader first original rules.

Hope it's help

KG
  • #1,006
  • Nov 27, 2008 8:46am Nov 27, 2008 8:46am
Quoting fxairy
No, of course not! Im already trade by T101 Orest systems (if you know)
And I like trade by basket! Just wanna to know more about this system.

that's great - there are over 1000 posts here giving you everything you need.

Eddie
  • #1,007
  • Nov 27, 2008 8:48am Nov 27, 2008 8:48am
HI CB


I Presume that You know about JPY W S and and currency pair buy and sell

I dont think any set rules are made for SL or TP

Practice on GJ pair only and simply follow the movement of J and G
and draw the fib line that you did this morning

Pick contracts say JPY line is on the top and bottom,dont book contract in between till you get the hang of it

If jpy is on the top you are waiting for the JPY to be weak and prepare yourself to buy the other currency and vice versa
  • #1,008
  • Nov 27, 2008 8:54am Nov 27, 2008 8:54am
Quoting crushbeat
hi anggara,

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

thanks
Hi brother'
Observing for a while, I found that when the market has high volume, you can merely go on a trade based the cross from RS GROUP JPY since high volume will easily form a trend. Otherwise when the market is less liquid merely take the cross will easily wipe out your account. Hence we have KG RS GROUP, using this we can easily monitor when JPY become the most STRONG or WEAK currency and take the signal from RS GROUP JPY only under the circumstances.
In liquid market doing this well ensure a lot of pips, in less liquid market this will save you from unnecessary drawdown because of ranging situation.

It could be wrong since it's just my observation and opinion, a newbie opinion hehe
but I really hope it could help you

Cheers'
  • #1,009
  • Nov 27, 2008 9:03am Nov 27, 2008 9:03am
hi harigp and anggara,

thanks for the reply...
if you make trades, please dont forget to attach the chart, it will help so much..

thanks a lot
  • #1,010
  • Nov 27, 2008 9:04am Nov 27, 2008 9:04am
Quoting Anggara
Hi brother'
Observing for a while, I found that when the market has high volume, you can merely go on a trade based the cross from RS GROUP JPY since high volume will easily form a trend. Otherwise when the market is less liquid merely take the cross will easily wipe out your account. Hence we have KG RS GROUP, using this we can easily monitor when JPY become the most STRONG or WEAK currency and take the signal from RS GROUP JPY only under the circumstances.
In liquid market doing this well ensure a lot of pips, in less liquid market this will save...
You are CORRECT,

I have wrote this before, with KG_RS_GROUP we can see when JPY or other currency be a strongest or weakest. So, RS_GROUP_JPY or other just a trigger that should be confirm by KG_RS_GROUP.

Let's say RS_GROUP_JPY tell us WEAK, and then we should check KG_RS_GROUP how is JPY there... if JPY on KG_RS_GROUP is the weakest currency, i believe our BUY will be safe.

Hope it's help

KG
  • #1,011
  • Nov 27, 2008 9:29am Nov 27, 2008 9:29am
HI cb

No problem

Tommorrow we both will do trade only on GJ and I will post chart only for
practice
  • #1,012
  • Nov 27, 2008 9:38am Nov 27, 2008 9:38am
Anothertrade
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  • #1,013
  • Nov 27, 2008 10:36am Nov 27, 2008 10:36am
Hey guys. No doubt you have noticed that my scripts do not always give an accurate total of the trades they sent when there is a failure first time around, and you have to do a secondthird drag to make up the missing ones.

I have tidied this up in the coding, so go back to post 968 on page 65 to re-download if this cosmetic bit bothers you.

  • #1,014
  • Edited 11:13am Nov 27, 2008 11:02am | Edited 11:13am
Eventhough the market was Ranging I had a very good day and thanks KG
for the wonderful work and for the script and EA by steve

I will be back tommorrow
  • #1,015
  • Nov 27, 2008 11:08am Nov 27, 2008 11:08am
Quoting harigp
Eventhough the market was Ranging I had a very good day and thanks KG
for the wonderful work

I will be back tommorrow
Rest... rest.... hari and see you tomorrow...

KG
  • #1,016
  • Nov 27, 2008 11:46am Nov 27, 2008 11:46am
Quoting SteveHopwood
I have tidied this up in the coding, so go back to post 968 on page 65 to re-download if this cosmetic bit bothers you.

Thanks Steve. Will renaming them change anything in the way they work? I was thinking about shortening the name of the ones I use just so I can see them better in the navigator part of MT4
  • #1,017
  • Nov 27, 2008 12:12pm Nov 27, 2008 12:12pm
Dear Kang_Gun, I have really read 46 pages and have already got confused in versions of indicators. My dear!, PLZ update the your first post, with last versions of indicators. Please! It is very easy to get confused in versions. This happened with me. Thanks!
And so, I have understood with system and it excellent!

Thanks!
  • #1,018
  • Nov 27, 2008 12:13pm Nov 27, 2008 12:13pm

Your system is very similar to T101 Orest! nice!!

  • #1,019
  • Nov 27, 2008 12:50pm Nov 27, 2008 12:50pm
Quoting seamonkey
Thanks Steve. Will renaming them change anything in the way they work? I was thinking about shortening the name of the ones I use just so I can see them better in the navigator part of MT4
Nope, you can call them what you want so long as you keep the .mq4 extension, as in Strong.mq4 or Weak.mq4

  • #1,020
  • Nov 27, 2008 1:34pm Nov 27, 2008 1:34pm
So, I have all read. And I see that there are no clear rules for enter to the position or I am wrong?
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