Relative Strength Basket Trading System | Page 62 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading system using relative strength 2,816 replies

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading System Using Relative Strength-Part 2 1,499 replies

My version of a relative strength basket 2 replies

Attachments: Relative Strength Basket Trading System
Exit Attachments

Relative Strength Basket Trading System

  • #1,221
  • Dec 2, 2008 7:25am Dec 2, 2008 7:25am
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!
I thinks that's the ideal set up for a long basket.
  • #1,222
  • Dec 2, 2008 7:28am Dec 2, 2008 7:28am
Quoting matrixebiz
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?...
This seems very logical, and might call for some modification of the KG Basekt long or short to take only certain pairs in accordance to what you are thinking.

Jeff
  • #1,223
  • Dec 2, 2008 7:30am Dec 2, 2008 7:30am
I have turned off the trade manager - it just does work for ME. Might work for others but it seems to favour my broker too much.

I am using a different EA to protect my account (attached).

This EA Profit protection will fit your needs, i think
The EA "miniProtectProfit" is on post 1
Logic of Locking Profit:

if (AccProfit >=500 ProfitLock = 451;
if (AccProfit >=450 ProfitLock = 401;
if (AccProfit >=400 ProfitLock = 351;
if (AccProfit >=350 ProfitLock = 301;
if (AccProfit >=300 ProfitLock = 251;
if (AccProfit >=250 ProfitLock = 201;
if (AccProfit >=200 ProfitLock = 151;
if (AccProfit >=150 ProfitLock = 101;
if (AccProfit >=100 ProfitLock = 71;
if (AccProfit >=70 ProfitLock = 51;
if (AccProfit >=50 ProfitLock = 41;
if (AccProfit >=40 ProfitLock = 31;
if (AccProfit >=30 ProfitLock = 21;
if (AccProfit >=20 ProfitLock = 11;
if (AccProfit >=10 ProfitLock = 5;
SL is -$56
TP = $600

From Trader101 - http://www.forexfactory.com/showpost...&postcount=488

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 02122008_1324.gif Size: 76 KB
Attached File(s)
File Type: ex4 miniAccountProtect[2].ex4   4 KB | 483 downloads
  • #1,224
  • Dec 2, 2008 7:57am Dec 2, 2008 7:57am
Ok so I now notice just how quickly the bucket can ride up and down.

However using the EA above it locked in £5.00 (got as high as £11 but wanted to let it run).

But at least this time a plus profit..........

Eddie
  • #1,225
  • Dec 2, 2008 8:07am Dec 2, 2008 8:07am
Quoting eddiemiller
Ok so I now notice just how quickly the bucket can ride up and down.

However using the EA above it locked in £5.00 (got as high as £11 but wanted to let it run).

But at least this time a plus profit..........

Eddie
gj :-)
  • #1,226
  • Dec 2, 2008 8:16am Dec 2, 2008 8:16am
opened trade SELL JPY pairs 15 min ago and now take profit 130 pips.
  • #1,227
  • Dec 2, 2008 8:28am Dec 2, 2008 8:28am
Quoting LT man
opened trade SELL JPY pairs 15 min ago and now take profit 130 pips.
Risky.... if it's a real account take it.

Things have started to move but could retrace at any time. I am in the opposite move (buy) and just off profit.....

Eddie
  • #1,228
  • Dec 2, 2008 8:32am Dec 2, 2008 8:32am
lol I just closed down and joined ya.... feel like I am chasing...

I am banking on this taking off and going all the way, but it is possible I am too early.



Eddie
  • #1,229
  • Dec 2, 2008 8:37am Dec 2, 2008 8:37am
... and it just flipped back round.

I should really stick to a position.

Eddie
  • #1,230
  • Dec 2, 2008 8:38am Dec 2, 2008 8:38am
to Eddie
I closed positions with 130 pips profit.
  • #1,231
  • Dec 2, 2008 9:18am Dec 2, 2008 9:18am
I think I may have lost the plot.

Had I stuck with the trader a seen it out it would now been very much in credit. As it is -£16.00....

I really have lost the idea here, or more to the pint get uneasy with a sudden change in direction/re-trace.......

Eddie
  • #1,232
  • Dec 2, 2008 9:23am Dec 2, 2008 9:23am
A change in direction/re-trace can always happen. At the end of the day these indicators are like all others which are lagging. Dont get me wrong as it does have allot of merits but AGAIN the entry/exit points are critical, like all other methods.

One idea i have is to only trade each basket outside of its general trading times. So, if JPY, then dont trade its pairs during the asian session. The main reason for this is that it seems to me that news statements are causing the direction to change sharply.

...just me thoughts.
  • #1,233
  • Dec 2, 2008 10:09am Dec 2, 2008 10:09am
I sat tight and it has recovered.....
Attached Image (click to enlarge)
Click to Enlarge Name: 02122008_1606.gif Size: 104 KB
  • #1,234
  • Dec 2, 2008 10:23am Dec 2, 2008 10:23am
OK so that went up and down, got the £5.00 locked in then closed (had to get the £10 for the £5 to trigger) so at least profit again.

Eddie
  • #1,235
  • Dec 2, 2008 10:25am Dec 2, 2008 10:25am
Quoting matrixebiz
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?...
That's what i've been doing. Trade only the strong vs the weak. Finding exit is the difficulty if using only the indic. sign. Exit went better by analyzing chart.

See results page 79 post #1196
  • #1,236
  • Edited 11:28am Dec 2, 2008 10:55am | Edited 11:28am
Quoting RaR
That's what i've been doing. Trade only the strong vs the weak. Finding exit is the difficulty if using only the indic. sign. Exit went better by analyzing chart.

See results page 79 post #1196
Hi RaR, looks good are you only using the RS_GROUP_XXX V1.0 indi's to check Strong and Weak for each currency? or are you using the KG RS Group indi also?

Also noticed you have some Stop orders as well, what are you entry rules?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,237
  • Dec 2, 2008 11:54am Dec 2, 2008 11:54am
trying to be selective. JPY is strong. on RS-Group, it is stronger than CHF, GBP, and NZD. took them individually for a trial.

Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 199 KB
  • #1,238
  • Dec 2, 2008 12:12pm Dec 2, 2008 12:12pm
Note that JPY is stronger than CHF and ZND, yet the profit is still in the minus!!?
Attached Image (click to enlarge)
Click to Enlarge Name: 2.JPG Size: 198 KB
  • #1,239
  • Dec 2, 2008 12:35pm Dec 2, 2008 12:35pm
Quoting eddiemiller
I have turned off the trade manager - it just does work for ME. Might work for others but it seems to favour my broker too much.

I am using a different EA to protect my account (attached).

This EA Profit protection will fit your needs, i think
The EA "miniProtectProfit" is on post 1
Logic of Locking Profit:

if (AccProfit >=500 ProfitLock = 451;
if (AccProfit >=450 ProfitLock = 401;
if (AccProfit >=400 ProfitLock = 351;
if (AccProfit >=350 ProfitLock = 301;
if (AccProfit >=300 ProfitLock = 251;
if (AccProfit >=250 ProfitLock = 201;
if (AccProfit...
Eddie,
does the profitlock here refer to the EA you attached?
It has only tow variables TP and SL!

Jeff
  • #1,240
  • Dec 2, 2008 1:06pm Dec 2, 2008 1:06pm
Eddie,
what are the values here refer to? $, %,pips? what? TP at 20 closes at 17 or 15 or 12, I do not understand why?
even 600, the number there closes at 12 and 17?

Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: ea.JPG Size: 280 KB
3 traders viewing now