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Relative Strength Basket Trading System

  • #1,101
  • Nov 29, 2008 11:49pm Nov 29, 2008 11:49pm
KG,
Do we really need to have KG RS GROUP.exe on chart since we have independent indicators for each currency also on chart?

Quoting Kang_Gun
Hi all,
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
  • #1,102
  • Nov 29, 2008 11:50pm Nov 29, 2008 11:50pm
Yes KG In my experience that angle can indicate the strength of the move.
Quoting Kang_Gun
Shiva,

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

Thanks

KG
  • #1,103
  • Nov 30, 2008 12:08am Nov 30, 2008 12:08am
Quoting shiva
KG,
Do we really need to have KG RS GROUP.exe on chart since we have independent indicators for each currency also on chart?
Shiva,

KG RS GROUP will help us to filter the signal from RS_GROUP_XXX. Please, do a backtest with individual pairs and check how KG_RS_GROUP could save our trade from mistake.

Thanks

KG
  • #1,104
  • Nov 30, 2008 12:10am Nov 30, 2008 12:10am
Quoting shiva
Yes KG In my experience that angle can indicate the strength of the move.
Thanks, i will take a look on this and see what we can do with the angle information to the trades decission.

Thanks

KG
  • #1,105
  • Nov 30, 2008 12:36am Nov 30, 2008 12:36am
Thanks KG

Quoting Kang_Gun
Thanks, i will take a look on this and see what we can do with the angle information to the trades decission.

Thanks

KG
  • #1,106
  • Nov 30, 2008 3:16am Nov 30, 2008 3:16am

Guys & Gals,
Do not give a lot of attention to this post, I am just thinking loudly, so read it and ignore it.
With all due respect to KG, Steve, Matrix, Harigp, Eddi, and all the others,
We are circling around an important point to find the proper Entry, some have mentioned very relevant points, but unfortunately ignored.
Anyway, in reference to the points mentioned previously by eddi, steve, harigp, and KG.
Let us do some logical connection among the different ideas:
On KG RS JPY (weak or strong), the tow numbers there are presenting the "group" as the first number and JPY as the second number.
When the first is higher than the second, the "group" is strong and JPY is weak and vise versa.
The higher the difference between the tow numbers the more the price will remain in the direction of the stronger to the point when reaching the peak (the highest number).
Example: 50.555 vs. 40.555 : {difference is 10} means the "group" is strong and JPY is weak and will remain as such until the difference is reduced to 0.
At his point i.e. 45.555 vs. 45.555 A reverse will occur soon (how soon, nobody knows- and even it might reverse back!!!!).
In my opinion, THIS MIGHT BE THE EXACT ENTRY POINT!
Why? Because this is the only indication that the strong will become weak and vise versa.
If entering at this point, AND THIS POINT COINCIDES WITH THE HIGHEST OR LOWEST NUMBER i.e. steve "Resistance" or the lowest point "support", then it will be just a matter of time that the trade will go in your favor.

This does not negate the fact that you can enter at any time when the strong weak issue is in place,
But the difference here is that you might be more precise in the first case and will not suffer losses and stress.
Once this is established, then I have to further look at the following:
1- What might be the difference peak between the tow numbers (as a board line)?
2- What could be the highest number to be reached when the JPY or the "group" be strong and the opposite?
3- What is the time elapsed to reach resistance or support (a function of the market-yes I know)?
4- How frequent this might occur (to know the average trades that could be taken –say daily)?
What else? Leave it for next loud thinking!

Jeff

  • #1,107
  • Nov 30, 2008 3:32am Nov 30, 2008 3:32am
Hi KG,and all senior member here.I have request to all of you,can i have the KG RS GROUP and KG RS JPY indicator in MTF version? so i can see more clear cross from your indi in M5 or even in M1 chart.coz i`ve download your indi and can`t attach it to my M5 chart.

Thank`s and sorry for my bad english.
  • #1,108
  • Nov 30, 2008 5:01am Nov 30, 2008 5:01am
Quoting enneky99
Hi KG,and all senior member here.I have request to all of you,can i have the KG RS GROUP and KG RS JPY indicator in MTF version? so i can see more clear cross from your indi in M5 or even in M1 chart.coz i`ve download your indi and can`t attach it to my M5 chart.

Thank`s and sorry for my bad english.
enneky99,

I'm still working on that, the current version i just use for H1 only. I'm still find away to make the computers not crash or work hard when i load MTF version that show us all data from M1 to MN. Hope i could finish it soon.

KG
  • #1,109
  • Nov 30, 2008 12:13pm Nov 30, 2008 12:13pm
Quoting Kang_Gun
The rules will be very tight and sometimes we will trade only a few pairs not all JPY pairs.
This comes as no surprise. I had noticed, and begun to think about, those times when a particular par were going in the opposite direction to that of the rest of the basket. AUD and NZD both did this last week.

We can see when this is happening by eyeballing the individual charts, especially when they include your MA's. Our choices in these situations are:

  1. Not worry about it because we are viewing the whole basket as an individual trade. So long as the basket is profitable, individual trades do not matter.
  2. Trade the individual pair in the direction it is moving, even though this is the opposite to the remainder of the basket.
  3. Not trade the individual pair.

I prefer 2), although time will tell. To facilitate all this, I have added to the scripts.

They now have the options to trade each pair in the basket. By default, they are all set to 'true', so we do not have to think about them when trading the whole basket.

If you do not want to trade an individual pair, then simply turn the option to 'false'.

I have added two new scripts to the armoury - KG_Single_Long and its Short counterpart. We use these to enter a single trade by dragging them onto the relevant chart. I envisage these being used for:

  1. Adding individual trades to the basket, in the opposite direction to the basket.
  2. Hedging an individual trade within the basket, that is going bad.

I have zipped the files, so download the zip and unzip those that are relevant to you.

I haven't tested these out, because the markets are still effectively closed. The coding is so simple that I should not have got anything wrong.

Famous last words.

Attached File(s)
File Type: zip KG trade sending scripts.zip   6 KB | 2,421 downloads
  • #1,110
  • Nov 30, 2008 7:29pm Nov 30, 2008 7:29pm
Here is my first shoot this morning...

KG
Attached Image (click to enlarge)
Click to Enlarge Name: a1.jpg Size: 268 KB
  • #1,111
  • Nov 30, 2008 7:47pm Nov 30, 2008 7:47pm
Quoting SteveHopwood
This comes as no surprise. I had noticed, and begun to think about, those times when a particular par were going in the opposite direction to that of the rest of the basket. AUD and NZD both did this last week.

We can see when this is happening by eyeballing the individual charts, especially when they include your MA's. Our choices in these situations are:[list=1][*]Not worry about it because we are viewing the whole basket as an individual trade. So long as the basket is profitable, individual trades do not matter.[*]Trade the individual pair...
Thanks Steve,

It's help a lot.

KG
  • #1,112
  • Edited Dec 1, 2008 7:09am Nov 30, 2008 7:47pm | Edited Dec 1, 2008 7:09am
Quoting Kang_Gun
Here is my first shoot this morning...

KG
Me to grabbed a good signal on USD and JPY. Lets see what the rest of the week brings (Not using the 55+/- filter yet on USD, need to examine what the best setting for USD will be by the end of the week)
Attached Image (click to enlarge)
Click to Enlarge Name: kgjpyusd.JPG Size: 145 KB
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,113
  • Nov 30, 2008 7:53pm Nov 30, 2008 7:53pm
Quoting matrixebiz
Me to grabbed a good signal on USD (4 USD pairs) and JPY (6 JPY pairs, IBFX doesn't have CADJPY). Lets see what the rest of the week brings (Not using the 55+/- filter yet on USD, need to examine what the best setting for USD will be by the end of the week)
Cool... the EA look faster than my manual shoot hehehehehehe.
BTW: is it real account or demo ?

Regards,

KG
  • #1,114
  • Nov 30, 2008 7:55pm Nov 30, 2008 7:55pm
Quoting Kang_Gun
Cool... the EA look faster than my manual shoot hehehehehehe.
BTW: is it real account or demo ?

Regards,

KG
Demo Only been testing a week Let's see how it goes.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,115
  • Nov 30, 2008 8:22pm Nov 30, 2008 8:22pm
Quoting matrixebiz
Demo Only been testing a week Let's see how it goes.
hi matrixebiz,

would you like to share the EA so we can forward test it together?

thanks
  • #1,116
  • Nov 30, 2008 8:27pm Nov 30, 2008 8:27pm
Quoting crushbeat
hi matrixebiz,

would you like to share the EA so we can forward test it together?

thanks
He will share the EA when this EA is ready...

Thanks

KG
  • #1,117
  • Nov 30, 2008 8:37pm Nov 30, 2008 8:37pm
Quoting Kang_Gun
enneky99,

I'm still working on that, the current version i just use for H1 only. I'm still find away to make the computers not crash or work hard when i load MTF version that show us all data from M1 to MN. Hope i could finish it soon.

KG

In my chart The one that made the crash was RS_GROUP_JPY V1.0.(even since u fix it yesterday)
Others are ok and running the test now. Can u pls check that particular one again.
  • #1,118
  • Nov 30, 2008 8:44pm Nov 30, 2008 8:44pm
Good Morning

This is what I see today when I started my computer

RS Group only GBP and EURO strong and all the other currency are weak

But in KG RS group JPY is showng downward trend

To be on safe side I buy only GBP and EURO or

Take a risk and buy all beause KG RS group JPY is showing downward trend

I took the risk
  • #1,119
  • Nov 30, 2008 8:45pm Nov 30, 2008 8:45pm
Quoting RaR
In my chart The one that made the crash was RS_GROUP_JPY V1.0.(even since u fix it yesterday)
Others are ok and running the test now. Can u pls check that particular one again.
OK brother

KG
  • #1,120
  • Nov 30, 2008 8:54pm Nov 30, 2008 8:54pm
Quoting harigp
Good Morning

This is what I see today when I started my computer

RS Group only GBP and EURO strong and all the other currency are weak

But in KG RS group JPY is showng downward trend

To be on safe side I buy only GBP and EURO or

Take a risk and buy all beause KG RS group JPY is showing downward trend

I took the risk
same here!
the objective was to follow signal by these tools.. take necessary profit and get out... so i think i left the risk for analyze sessions at the end of this week.
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