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Relative Strength Basket Trading System

  • #1,201
  • Dec 2, 2008 4:14am Dec 2, 2008 4:14am
Quoting LT man
to KG
Where can I get this indi?
Thanks
at your very own metatrader hehehe
below is link to the set up

Quoting Kang_Gun
http://www.forexfactory.com/showpost...postcount=1037

hope it's help

KG
cheers'
  • #1,202
  • Dec 2, 2008 5:14am Dec 2, 2008 5:14am
morning all!

Eddie
  • #1,203
  • Dec 2, 2008 5:20am Dec 2, 2008 5:20am
Quoting eddiemiller
morning all!

Eddie
Morning! How is trading today Eddie?
  • #1,204
  • Dec 2, 2008 5:24am Dec 2, 2008 5:24am
Quoting eddiemiller
morning all!

Eddie
Good Morning Eddie

KG
  • #1,205
  • Dec 2, 2008 5:41am Dec 2, 2008 5:41am
Ok, 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.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,206
  • Dec 2, 2008 5:47am Dec 2, 2008 5:47am
Good and Bad days chart
Attached Image (click to enlarge)
Click to Enlarge Name: euro us.gif Size: 68 KB
  • #1,207
  • Dec 2, 2008 5:51am Dec 2, 2008 5:51am
Quoting matrixebiz
Ok, 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.
Try 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,

KG
  • #1,208
  • Dec 2, 2008 5:53am Dec 2, 2008 5:53am
Thanks Anggara.
I found it
  • #1,209
  • Dec 2, 2008 6:00am Dec 2, 2008 6:00am
Quoting Kang_Gun
Try my setup:

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

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


KG
Salam KG,
could you please have a look at post 1198? Does it match rule # 2 ?

Thanks
Jeff
  • #1,210
  • Dec 2, 2008 6:08am Dec 2, 2008 6:08am
I 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......
  • #1,211
  • Dec 2, 2008 6:14am Dec 2, 2008 6:14am
Quoting jeff jordan
Salam KG,
could you please have a look at post 1198? Does it match rule # 2 ?

Thanks
Jeff
Salam Jeff,

yes, it's match. What happened?

KG
  • #1,212
  • Dec 2, 2008 6:34am Dec 2, 2008 6:34am
Quoting Kang_Gun
Salam Jeff,

yes, it's match. What happened?

KG
It 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.

Jeff
  • #1,213
  • Dec 2, 2008 6:48am Dec 2, 2008 6:48am
Quoting eddiemiller
I 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......
When 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.
  • #1,214
  • Dec 2, 2008 6:52am Dec 2, 2008 6:52am
My observation
Buy : RS_GROUP_JPY (reverse from STRONG to WEAK) & on KG_RS_GROUP ==> JPY > XXX (JPY is close to 100)

Sell : RS_GROUP_JPY (reverse from WEAK to STRONG) & on KG_RS_GROUP ==> JPY < XXX (JPY is close to 0 )
it work well in range market, but it's very hard find exit point, so I take a little profit and close positions. I agree with KG strategy in trend market.
  • #1,215
  • Dec 2, 2008 6:53am Dec 2, 2008 6:53am
Quoting jeff jordan
It 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.

Jeff
SL ? 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

KG
  • #1,216
  • Dec 2, 2008 6:59am Dec 2, 2008 6:59am
@Kang Gun: I have a little question.

When i start my computer the first time of the day and i see jpy is already strong and above all or above the most other currencies do i immediately open a basket or do i have to wait till JPY changes (from strong to weak or reverse)?
  • #1,217
  • Dec 2, 2008 7:03am Dec 2, 2008 7:03am
Quoting MCFly
When 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.
Ok so this chart should be more like it - when I opened it the difference in numbers was +11 now it is +3!
Attached Image (click to enlarge)
Click to Enlarge Name: 02122008_1259.gif Size: 93 KB
  • #1,218
  • Dec 2, 2008 7:14am Dec 2, 2008 7:14am
Quoting Kang_Gun
Try 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,

KG
I'm going to try something I just thought of.
Your method may seem logical but even though JPY may be Higher than the rest (Strong) one of the other currencies might be also close to it, moving in a Strong fashion as well so trading two Strongs may not be good.
What I'm going to try is if JPY is Strong, trade only with the currencies that are Weak. If EUR and JPY is Strong but JPY is a little stronger then your method would still trade EURJPY might not be a good trade, maybe that is what is causing some of the losses. Does that sound logical? also, might think about Eddie's suggestion about the lines being a certain amount apart also before considering that currency.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,219
  • Dec 2, 2008 7:22am Dec 2, 2008 7:22am
Quoting Kang_Gun
SL ? 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

KG

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

  • #1,220
  • Dec 2, 2008 7:22am Dec 2, 2008 7:22am
Quoting eddiemiller
Ok so this chart should be more like it - when I opened it the difference in numbers was +11 now it is +3!

trade is now in profit and locked in.

Went from -£9.00 to +£3.60, then the EA Trade manger kicked in - on balnace closed £0.45 down!

All that wait for a - again!


Eddie
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