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Relative Strength Basket Trading System

  • #1,161
  • Dec 1, 2008 11:34am Dec 1, 2008 11:34am
Quoting eddiemiller
I accept that - now look at my image again - as soon as they were opened they were closed, and it never reached any where near the +30 or -60.

This is the problem...............
i actually had a problem with using %account ballance, because the account size was actually too small so as soon as it opened it closed due to the spread.
  • #1,162
  • Dec 1, 2008 11:44am Dec 1, 2008 11:44am
Quoting eddiemiller
Steve,

I have again today been wiped out (another £50) because of the incorrect settings on the EA.

Profit was set to $60 and loss to $30 yet the EA closed before that.

I have now switched this feature off as my account has been halved!

£140 opening balance - lost £49 Bad Trade - lost another £50 EA setting

Account £31....................
Why do you have close all at Profit/Loss = 0 ?? You shouldn't put that.
Maybe my EA is what closed you out because of that setting.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,163
  • Dec 1, 2008 11:48am Dec 1, 2008 11:48am
Quoting matrixebiz
Why do you have close all at Profit/Loss = 0 ?? You shouldn't put that.
Maybe my EA is what closed you out because of that setting.

Thats right - I had to pick the kids up unexpectedly.... I would never dream of leaving it open without control and so set them up....


Would have been better off not!

I get the same error on Steve EA - so the setting has the same effect on the MTF EA or the Trade Manager.......


Eddie
  • #1,164
  • Dec 1, 2008 11:54am Dec 1, 2008 11:54am
Quoting eddiemiller
Thats right - I had to pick the kids up unexpectedly.... I would never dream of leaving it open without control and so set them up....


Would have been better off not!

I get the same error on Steve EA - so the setting has the same effect on the MTF EA or the Trade Manager.......


Eddie
Sorry, missed the reason why you had them at 0? Either turn the feature off or set some value Profit $30 Loss $-100 or whatever.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,165
  • Dec 1, 2008 12:08pm Dec 1, 2008 12:08pm
See if any of these fit your requirement...

Attached File(s)
File Type: mq4 5pip_trailingSTop.mq4   2 KB | 708 downloads

Attached File(s)
File Type: mq4 TrailingStopEA.mq4   9 KB | 716 downloads

Attached File(s)
File Type: ex4 TrailMe LA 3 .ex4   16 KB | 596 downloads

Attached File(s)
File Type: ex4 TrailMe.ex4   16 KB | 595 downloads


Quoting eddiemiller
Thats right - I had to pick the kids up unexpectedly.... I would never dream of leaving it open without control and so set them up....


Would have been better off not!

I get the same error on Steve EA - so the setting has the same effect on the MTF EA or the Trade Manager.......


Eddie
  • #1,166
  • Dec 1, 2008 12:08pm Dec 1, 2008 12:08pm
Quoting matrixebiz
Sorry, missed the reason why you had them at 0? Either turn the feature off or set some value Profit $30 Loss $-100 or whatever.
UG UG

No thats where I turned it off and set to 0 to stop it messing up any further trades.

it was 30/60

Eddie
  • #1,167
  • Dec 1, 2008 12:09pm Dec 1, 2008 12:09pm
Quoting shiva
See if any of these fit your requirement...

Attachment
Attachment
Attachment
Attachment
Thanks for the info..... any chance of links to the forums they are in for guidance on use? (please)


Eddie
  • #1,168
  • Dec 1, 2008 12:16pm Dec 1, 2008 12:16pm
Not really, just found them in my collection. Fairly simple to use is TrailingStopEA.mq4

the 5pipstoploss ea is something that actually opens a trade and sets TSL.. SO be careful with it lol

USe them on a demo a few times and you are the expert on their usage

Quoting eddiemiller
Thanks for the info..... any chance of links to the forums they are in for guidance on use? (please)


Eddie
  • #1,169
  • Dec 1, 2008 12:20pm Dec 1, 2008 12:20pm
Quoting eddiemiller
UG UG

No thats where I turned it off and set to 0 to stop it messing up any further trades.

it was 30/60

Eddie
Oh, ok, by putting 0 doesn't turn it off. Just change the Use Close at profit, or whatever its called I'm at work to false.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,170
  • Dec 1, 2008 12:27pm Dec 1, 2008 12:27pm
Quoting matrixebiz
Oh, ok, by putting 0 doesn't turn it off. Just change the Use Close at profit, or whatever its called I'm at work to false.
No thats where I turned it off and set to 0 to stop it messing up any further trades.

Just to make sure it wasn't working at all I did the above..... problem was when it WAS running.

Eddie
  • #1,171
  • Dec 1, 2008 2:39pm Dec 1, 2008 2:39pm
Please I Wish To Know If The Ccfp Experiment On 4h Rs System Is Still Valid.

I Took A Jpy Basket Trade On Its Signal At 8.00hrs Today Which Was A Buy And Right Now I Am Still In A Mess Of Taking The 4h Bar Signal.

At That Material Time The 1h Bar Showed A Sell Signal.

Please Someone Should Be Kind To Let Me Know If The 4h Rs System Is Still Valid.
  • #1,172
  • Dec 1, 2008 2:59pm Dec 1, 2008 2:59pm
Quoting dryclean
KG Do you want us to try these rules too or just leave it to
matrixebiz

Originally Posted by matrixebiz http://www.forexfactory.com/images/buttons/viewpost.gif
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
If you like you can follow it. I & matrixebiz test a different rules (a little). I hope you could develop another rules so at the end we could compare it and use the best one.

Thanks

KG
  • #1,173
  • Dec 1, 2008 3:02pm Dec 1, 2008 3:02pm
Quoting ehis
Please I Wish To Know If The Ccfp Experiment On 4h Rs System Is Still Valid.

I Took A Jpy Basket Trade On Its Signal At 8.00hrs Today Which Was A Buy And Right Now I Am Still In A Mess Of Taking The 4h Bar Signal.

At That Material Time The 1h Bar Showed A Sell Signal.

Please Someone Should Be Kind To Let Me Know If The 4h Rs System Is Still Valid.
CCFp Experiment used for the first observation. Now, we already have new indicators. Please read first post, i have wrote the link to the new indicators there.

Thanks

KG
  • #1,174
  • Dec 1, 2008 3:24pm Dec 1, 2008 3:24pm
http://www.forexfactory.com/showthread.php?t=132537

Interesting reading and maybe someother indies to qualify trades
  • #1,175
  • Dec 1, 2008 4:22pm Dec 1, 2008 4:22pm
Quoting mt41969
One word of caution. Just because you tell the EA to close all if Profit>x or Loss<x doesnt actually mean it will or can.

When you submit a closeorder() it can take awhile to actually close all the trades due to the tick movement for each currency pair and because of requotes.

So, say you closeorder() when total orders profit is greather than 30, by the time the last order is closed you could well end up with a negative profit!!!.
I have tried different EA's and scripts to close multiple pairs of currency. Far & away, the "CloseAll" script is the best. When you tell it to close all, it does so in a matter of seconds. I'm not sure how the Steve's TradeManagement EA closes all pairs at once, but it might be worthwhile to take a look at this script. I'm at work right now so don't have the closeall script in front of me.

Trader1
  • #1,176
  • Dec 1, 2008 4:38pm Dec 1, 2008 4:38pm
I like this system, it's quite useful

but one expect to change the signals in large time scales (like higher than H1) very slowly

however, I see that the signals for H1 H4 D1 changes during seconds from strong up to strong down .... how it's possible ? Is it usual ?
  • #1,177
  • Dec 1, 2008 4:42pm Dec 1, 2008 4:42pm
Quoting etrade
I like this system, it's quite useful

but one expect to change the signals in large time scales (like higher than H1) very slowly

however, I see that the signals for H1 H4 D1 changes during seconds from strong up to strong down .... how it's possible ? Is it usual ?
etrade, which indicators that you use?
In current phase, our observations only use KG_RS_GROUP and RS-GROUP_XXX indicators...

Thanks

KG
  • #1,178
  • Dec 1, 2008 4:52pm Dec 1, 2008 4:52pm
Quoting Kang_Gun
etrade, which indicators that you use?
In current phase, our observations only use KG_RS_GROUP and RS-GROUP_XXX indicators...

Thanks

KG
Thanks for your prompt reply.

I use the template provided in the first post, something like the image shown there.

And I have another question, is it possible to show other 3 currencies in the yellow box ?

And one more question .... the numbers on the yellow box is the change in pip ?

Thanks for your excellent job
  • #1,179
  • Dec 1, 2008 4:54pm Dec 1, 2008 4:54pm
I have decided to change my setup chart for this week observations. And change the rules a little bit.

Indicators: RS_GROUP_JPY & KG_RS_GROUP (7 X in a chart)

Buy : RS_GROUP_JPY (WEAK) & on KG_RS_GROUP ==> JPY < XXX

Sell : RS_GROUP_JPY (STRONG) & on KG_RS_GROUP ==> JPY > XXX

Note: XXX means the other currencies (gbp, usd, eur, cad, chf, nzd & aud)

Thanks

KG
Attached Image (click to enlarge)
Click to Enlarge Name: a_chart.jpg Size: 169 KB
  • #1,180
  • Dec 1, 2008 5:01pm Dec 1, 2008 5:01pm
If you are trading with real money be careful trading XXXJPY pairs in the asian session (now) as there is high impact news statement due.
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