below is link to the set up
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My version of a relative strength basket 2 replies
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DislikedOk, well my rules are not doing so good. If I check for a Buy and KG RS Group on current bar is below 54 may not be below 54 when the candle closes so trade was not good. Need to go back to the drawing board. Oh, and RS Group seems to repaint a bar back which messes with my EA also.Ignored
DislikedTry my setup:
Buy : RS_GROUP_JPY (WEAK) & on KG_RS_GROUP ==> JPY < XXX
Sell : RS_GROUP_JPY (STRONG) & on KG_RS_GROUP ==> JPY > XXX
KGIgnored
DislikedSalam KG,
could you please have a look at post 1198? Does it match rule # 2 ?
Thanks
JeffIgnored
DislikedI too jumped in this morning when the signal was weak and all below the white line...... trouble was I forgot my own check that the difference between the 2 sets of numbers on RS_Group_JPY was more than 10.
It was only 4!
I was down by £10.00 within 90 seconds.... it didn't look as if it would recover so I killed it off. Perhaps it was coming back in the short term but I am 1 hour trading this week so didn't want to have to wait it out for a couple of quid profit.
BTW: Real Account.
Now just watching......Ignored
DislikedIt went very wrong, brother, all SL,s were hit. This was the only losing short trade for the last few days. I had some very successful short trades, but long trades were mostly losing.
JeffIgnored
DislikedWhen JPY is weak all other currencies have to be above the white line. In your case the white line seems to be on top what means JPY is still strong.Ignored
DislikedTry my setup:
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,
KGIgnored
DislikedSL ? is it individual SL or total basket SL ?
I have check your trades i think 1-2 candle after that the basket should be positive.
Thanks
KGIgnored
That is very true, KG, it went positive after a while.
Yes, I am still using individual SL, I used the "brilliant piece of art "- Multi purpose trade manager, mq4 -several times, but still not working well with me. It needs some time to devote to it, but now I am extremely busy with my work (in a couple of months I should be promoted to a full professor). After that things will get less hectic!!
Jeff
DislikedOk so this chart should be more like it - when I opened it the difference in numbers was +11 now it is +3!Ignored