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Relative Strength Basket Trading System

  • #1,081
  • Nov 28, 2008 10:04am Nov 28, 2008 10:04am
Quoting SteveHopwood
I need some help with trade manger.

I guessing this is a settings thing.........

I had a lot of trades open which at one point got to -£40 and then turned in the last few minutes to +£7

EA Trade manager set on the .set file you posted a while back.

$0.02 then jump at $2.

What I don't get is it kicked in then seemed to lag and not lock in the next few steps, or have I got this wrong.

----- bit frustrated after sitting it out for 2 hours to make £1.75! So I wan tot get the settings right, not too tight but within a "safe" margin.

Many thanks for nay help in advance.

Eddie
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 28112008_1552.gif Size: 89 KB
  • #1,082
  • Nov 28, 2008 10:12am Nov 28, 2008 10:12am
Quoting misterpipster
Hi Matrixebiz,

Thanks for all you contributions. I believe that 2 out of 3 good trades is awesome. I doubt that any EA can be perfect. Where do we draw the line? I am using the KG MTF EA, plus 2 of your earlier EA's which are CCFpvd3 and the CCFpvd3 SD EA. In usually one of the two latter ones has a good basket of trades while the other one does not. All are on a demo account. Do you recommend deleting the last two and sticking with KG MTF EA? Thanks.

Misterpipster
No, they are different, I forgot I posted this good one - CCFpvd3 this is different than the KG MTF EA. CCFpvd3 only uses ONE tf and compares the MA of last two closed bars ES Trader's system, KG's system uses the Current bar and the last bar also KG's new system (JPY only) also uses Current and Last.

Eddie you might want to look at this one CCFpvd3 set to Trade level 2 on 4H or 1H.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,083
  • Nov 28, 2008 10:12am Nov 28, 2008 10:12am
Quoting harigp
Gj Trade Target Reached
How did you get the fibs to attach to the bottom part
it keeps going on the top for me
I had a high line of 90 and a low of 20 but this has more detail
Thanks
  • #1,084
  • Nov 28, 2008 10:50am Nov 28, 2008 10:50am
Quoting Vicente
Sorry, I don't speak English.

Something this wrong in these 2 indicators
To see it compare the images.
Thank you

RS_GROUP_CAD V1.0

RS_GROUP_NZD V1.0

RS_GROUP_NZD V1.0
Thank you Vicente,

You found that.. i don't realize that. OK here is the fix ones.

Thanks

KG
Attached File(s)
File Type: ex4 RS_GROUP_CAD V1.0.ex4   5 KB | 786 downloads
File Type: ex4 RS_GROUP_NZD V1.0.ex4   5 KB | 745 downloads
  • #1,085
  • Nov 28, 2008 10:52am Nov 28, 2008 10:52am
Quoting LisbonHugo
He is like most spanish people, they think everyone speaks their language lol
He's thanking you for the indicators and praising your skills. Plus he is asking for some kind of rectification on the indicator he posted...
Thank you LisbonHugo,

KG
  • #1,086
  • Nov 28, 2008 10:53am Nov 28, 2008 10:53am
Quoting Kang_Gun
Thank you LisbonHugo,

KG
My pleasure
  • #1,087
  • Nov 28, 2008 12:42pm Nov 28, 2008 12:42pm
Quoting Kang_Gun
Thank you Vicente,

You found that.. i don't realize that. OK here is the fix ones.

Thanks

KG


GRACIAS KG

Thanks
IH - B221 Return Today: -0.2%
  • #1,088
  • Edited Nov 29, 2008 4:00am Nov 28, 2008 5:39pm | Edited Nov 29, 2008 4:00am
Quoting eddiemiller
I need some help with trade manger.

I guessing this is a settings thing.........

I had a lot of trades open which at one point got to -£40 and then turned in the last few minutes to +£7

EA Trade manager set on the .set file you posted a while back.

$0.02 then jump at $2.

What I don't get is it kicked in then seemed to lag and not lock in the next few steps, or have I got this wrong.

----- bit frustrated after sitting it out for 2 hours to make £1.75!...
I was reluctant to post a set file because I was fairly sure this would happen - people would try and fail to adapt it to their own needs. I shall not do so again.

Eddie, I have no idea why yours did not work. My ea is not a commercial product and so I have not tested it to destruction under all possible circumstances. It is an ea I am writing for my own use, but am making available to any others who think they can use it. I make this clear in the first posting in my thread.

It is up to individual users to decide whether it works for them, given their own particular demands and combination of circumstances and brokers' feeds. I have provided as comprehensive a manual as it is possible for me to write; it is up to individual users to make of that whatever they can.

You will have to experiment with the settings. I hope you can find some that work for you, but guarantee nothing.



Edit:
On re-reading this some hours later, Eddie, my sentiments remain the same but realise it is a bit negative; I can be that way sometimes when writing. I have sent you a pm asking for more details to see if I can help.
  • #1,089
  • Nov 29, 2008 4:39am Nov 29, 2008 4:39am
We have only had these fantastic indis for a few days, so we are only just starting to get our thoughts together about how to use them. For what they are worth, here are my latest.

My experiment with taking out a basket as soon as the Yen reached the height of its ranging strength yesterday, would have been fantastically successful had I not mucked up the settings of my own management ea.

The pic highlights how successful this strategy would have been had I done it all week. The yellow lines represent major points of support and resistance.

At the top of the range, waiting for the Yen to weaken against the other currencies by a few points then entering a buy basket would have been highly successful. Vice-versa at the bottom of the range.

The green line represents a point at which the Yen attracted considerable support against its fall. This often created a bounce, sometimes back to the top of the range. Closing the position here, as soon as the bounce had gone a few points, would have netted pips that were not available to those of us waiting for the strength to weaken below the 50 mark. On those occasions that the Yen carried on weakening instead of bouncing back, piling in with a second basket would have netted mega-pips on the range.

I can see no corresponding inner resistance line when the Yen was on its way back up from the bottom of the range. This makes sense to me; the Yen is on a long-term trend upwards, so a rising Yen will meet with less resistance than a falling Yen will attract support.

So:

  1. In a ranging period like the last few days, we buy the basket when the Yen is at the top of the range, and sell the basket at the other end.
  2. When the Yen resumes its upward climb, we sell the basket. The regular retracements will close out the basket and take the profits, either via my management ea or manually. The retracement might offer a profitable opportunity but would need care. Once the retrace ends, we pile back in with a basket sell again.

Attached Image (click to enlarge)
Click to Enlarge Name: jpy basket.gif Size: 21 KB
  • #1,090
  • Nov 29, 2008 5:13am Nov 29, 2008 5:13am
Hi steve

This is how I was doing trade last week with good sucess
Check my post 951 and 933. I am also drawing Fibo Lines connecting the high and low by using the 200 bar. and post 936 also

I am using this method for basket trade as well as for individual trade
  • #1,091
  • Nov 29, 2008 5:22am Nov 29, 2008 5:22am
Quoting SteveHopwood
We have only had these fantastic indis for a few days, so we are only just starting to get our thoughts together about how to use them. For what they are worth, here are my latest.

My experiment with taking out a basket as soon as the Yen reached the height of its ranging strength yesterday, would have been fantastically successful had I not mucked up the settings of my own management ea.

The pic highlights how successful this strategy would have been had I done it all week. The yellow lines represent major points of support and resistance....
Thank you Steve, for the report of your experiment with the system. It's help me a lot to figure out what we have to do next. I believe, we still need more test. Hope next week the market give us more experience with different condition, so we could have more informations of how the indicator react to all market condition.

Best regards,

KG
  • #1,092
  • Nov 29, 2008 10:37am Nov 29, 2008 10:37am
Quoting SteveHopwood
We have only had these fantastic indis for a few days, so we are only just starting to get our thoughts together about how to use them. For what they are worth, here are my latest.

My experiment with taking out a basket as soon as the Yen reached the height of its ranging strength yesterday, would have been fantastically successful had I not mucked up the settings of my own management ea.

The pic highlights how successful this strategy would have been had I done it all week. The yellow lines represent major points of support and resistance....
Steve,
You have mentioned that several posts ago, and Eddi also made an observation with the 10 point difference when JPY weak or strong.
I had the same observation as yours(image 1), assuming that instead of waiting the cross and the white line to pass the 50%, why not taking it at the top for BUY and the bottom for SELL. The idea was to assure (to some extent, of course) that the trade will go in my favor and also to make more trades along the way down or up.
Yesterday, I started to apply this method. I waited until I saw the white line was just starting to” bend” to make the U turn up. The first time was not very precise i.e. it took quite some time to reverse (image 2). The second time was faster than the first one (image 3 & 4).
In the first case it took 2 & 1/2 hrs, in the second 1 & ½ to get to the target profit $10 at 0.01 lot for the whole JPY basket.
I was also observing the change in the difference points (eddi’s idea) at the same time.
I made no conclusions yet, needs more time for observation and testing.
I just want to show the trades here for everyone to see and open for discussion.

Jeff
Attached Image(s) (click to enlarge)
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  • #1,093
  • Nov 29, 2008 11:24am Nov 29, 2008 11:24am
quote=dryclean;2383623How did you get the fibs to attach to the bottom part
it keeps going on the top for me
I had a high line of 90 and a low of 20 but this has more detail

Thanks


HI DC

The Fib is drawn by finding the highest peak and Lowest point

From the highest peak drag down the cursor and move it to the right side of the chart and attach to the lowest point

The top will be 100 and bottom is 0
  • #1,094
  • Nov 29, 2008 11:39am Nov 29, 2008 11:39am
KG, do you think it is posible to measure the strength of the red white line crosses using angles and deviations ?

Quoting Kang_Gun
Thank you Steve, for the report of your experiment with the system. It's help me a lot to figure out what we have to do next. I believe, we still need more test. Hope next week the market give us more experience with different condition, so we could have more informations of how the indicator react to all market condition.

Best regards,

KG
  • #1,095
  • Nov 29, 2008 5:27pm Nov 29, 2008 5:27pm
Quoting shiva
KG, do you think it is posible to measure the strength of the red white line crosses using angles and deviations ?
Shiva,

Do you mean the angle between red line and white when it's cross ?

Thanks

KG
  • #1,096
  • Nov 29, 2008 8:10pm Nov 29, 2008 8:10pm
Hi all,

Last week we all have a very good experience with the indicators in Market Ranging conditions (almost the whole week). I have already got enough data to start developing rules that we could use using those indicators. Focus on JPY helps me a lot to see what is happening with the indicators and the basket tick by tick.

Next week i plan to use the first rules that i build last night. I will trade JPY group only, but i saw that in the next step we will not use JPY only but all currency to trade. The limitation to JPY just to help my focus on observations. OK, Here is the details:

Indicators: KG RS GROUP & KG_RS_JPY

Buy Condition:

KG_RS_JPY (WEAK) & KG_RS_XXX (STRONG) & on KG RS GROUP, JPY < XXX

Sell Condition:

KG_RS_JPY (STRONG) & KG_RS_XXX (WEAK) & on KG RS GROUP, JPY > XXX

note: XXX = the others currency (gbp, cad, usd, chf, eur, aud & nzd)
The rules will be very tight and sometimes we will trade only a few pairs not all JPY pairs. Below is the chart setup for my next week observations.

Thanks,

KG
Attached Image (click to enlarge)
Click to Enlarge Name: obserb_4week.jpg Size: 192 KB
  • #1,097
  • Nov 29, 2008 10:15pm Nov 29, 2008 10:15pm
Quoting Kang_Gun
Hi all,

Last week we all have a very good experience with the indicators in Market Ranging conditions (almost the whole week). I have already got enough data to start developing rules that we could use using those indicators. Focus on JPY helps me a lot to see what is happening with the indicators and the basket tick by tick.

Next week i plan to use the first rules that i build last night. I will trade JPY group only, but i saw that in the next step we will not use JPY only but all currency to trade. The limitation to JPY just to help my focus...
Ok, cool. I'm going to try another suggestion.

Indicators: KG RS GROUP & KG_RS_JPY

Buy Condition:

KG_RS_JPY (WEAK) & KG_RS_Group, JPY < 54

Sell Condition:

KG_RS_JPY (STRONG) & KG RS GROUP, JPY > 55
Attached Image (click to enlarge)
Click to Enlarge Name: kgjpy.JPG Size: 58 KB
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,098
  • Nov 29, 2008 10:29pm Nov 29, 2008 10:29pm
Things are getting really hot and I have a strong feeling that we will be able to come to a conculsion about entry,exit ,SL and TP very soon
  • #1,099
  • Nov 29, 2008 10:46pm Nov 29, 2008 10:46pm
Quoting matrixebiz
Ok, cool. I'm going to try another suggestion.

Indicators: KG RS GROUP & KG_RS_JPY

Buy Condition:

KG_RS_JPY (WEAK) & KG_RS_Group, JPY < 54

Sell Condition:

KG_RS_JPY (STRONG) & KG RS GROUP, JPY > 55

Great, thanks and this parallel test will help us to figure out the whole things soon.
I'm waiting your EA... hehehehe

Regards

KG
  • #1,100
  • Nov 29, 2008 10:49pm Nov 29, 2008 10:49pm
Quoting harigp
Things are getting really hot and I have a strong feeling that we will be able to come to a conculsion about entry,exit ,SL and TP very soon
You have to believe that we'll gonna arrive to that point soon.
Believe it and you'll take it.

KG
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