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Relative Strength Basket Trading System

  • #1,241
  • Dec 2, 2008 1:08pm Dec 2, 2008 1:08pm
Selling when JPY>50% and x pairs<50% or buying when JPY<50% and x pairs>50 semms to be most promising. But how do you react when more and more currencies of the x pairs cross the 50 line in direction of the JPY?
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  • #1,242
  • Dec 2, 2008 1:11pm Dec 2, 2008 1:11pm
Rs Group GBP Maximum Level is 50 and booked sell GBP +60 PIP profit

RS Group AD Maximum level is 75 and booked sell AD +82 Pip profit

I am attching the GB/JPY chart
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  • #1,243
  • Dec 2, 2008 1:18pm Dec 2, 2008 1:18pm
Quoting jeff jordan
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
The TP and SL are the only values open to edit, the rest as attached is locked in. You can edit the EZ I think but I am using as is.

If you are trading 0.01 lots (which I am) then you need to set everything with an extra "0".

I have

-1000
6000

It has let me down yet!

Eddie
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  • #1,244
  • Dec 2, 2008 1:18pm Dec 2, 2008 1:18pm
Quoting harigp
Rs Group GBP Maximum Level is 50 and booked sell GBP +60 PIP profit

RS Group AD Maximum level is 75 and booked sell AD +82 Pip profit

I am attching the GB/JPY chart
Hi Harigb,

you trade individual pairs using trend indicators (like emas) and fibos in accordance with kang guns rs_group_Xv1.0?
  • #1,245
  • Dec 2, 2008 1:25pm Dec 2, 2008 1:25pm
HI MC

I am not clear with Your Question but this is the observation I notced
half an hour ago

I think each pair in JY group has the maximum potential to go up and may be
it can chage over period of time

When GBP reached the maximm 50 in RS Group Placed sell order for GBP
and similarly for AD at 75 placed sell order
  • #1,246
  • Dec 2, 2008 1:27pm Dec 2, 2008 1:27pm
Statment
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  • #1,247
  • Dec 2, 2008 1:32pm Dec 2, 2008 1:32pm
everything is down on my last chart, 17 point difference on the red and white, white line above rest....

TY

Eddie
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  • #1,248
  • Dec 2, 2008 1:38pm Dec 2, 2008 1:38pm
It just got a bit choppy and the £21 step closed me out - still profit for the day! (even after all my crazy trades)

I have decided that when it gets to the top (red white) and everything else is in place you have to go for it early...... and ride it out..... it is going down at some point... just don't get greedy......

Eddie
  • #1,249
  • Dec 2, 2008 2:14pm Dec 2, 2008 2:14pm
Quoting eddiemiller
The TP and SL are the only values open to edit, the rest as attached is locked in. You can edit the EZ I think but I am using as is.

If you are trading 0.01 lots (which I am) then you need to set everything with an extra "0".

I have

-1000
6000

It has let me down yet!

Eddie
So, what would be these values equal to in terms of $, Eddie, do you know?
  • #1,250
  • Dec 2, 2008 2:23pm Dec 2, 2008 2:23pm
Quoting eddiemiller
everything is down on my last chart, 17 point difference on the red and white, white line above rest....

TY

Eddie

whoa. i think i missed whats going on. whats the indicator on the bottom? did i miss this?
  • #1,251
  • Dec 2, 2008 2:38pm Dec 2, 2008 2:38pm
Quoting RaverStyleTim2
whoa. i think i missed whats going on. whats the indicator on the bottom? did i miss this?
Hee Hee - nope that one I picked up..... helps show what is going on.

Attached.

Eddie
Attached File(s)
File Type: mq4 _TRO_SAK_MultiPair.mq4   22 KB | 630 downloads
  • #1,252
  • Dec 2, 2008 2:39pm Dec 2, 2008 2:39pm
Quoting jeff jordan
So, what would be these values equal to in terms of $, Eddie, do you know?
As far as I know they are intended for the $ so to get the step and lock in feature setting you should be ok with the settings I have.

Eddie
  • #1,253
  • Dec 2, 2008 3:28pm Dec 2, 2008 3:28pm
Made 30 EUR out of a 5 pair basket (5x0.01 lots=0.05 lots).
  • #1,254
  • Dec 2, 2008 6:55pm Dec 2, 2008 6:55pm
IF ONE IS TO TRY TRADING WEAK vs STRONG ESPECIALLY USING THE KG RS GROUP VALUES;
WHAT SHOULD BE THE SAFE FREQUENCY OF TRADE?
SHOULD IT BE EVERY HOUR?
I AM LOOKING AT >70 FOR STRONG, <30 FOR WEAK.
ANYONE INTERESTED MAY TRY IT AND POST COMMENT.
  • #1,255
  • Dec 2, 2008 7:23pm Dec 2, 2008 7:23pm
Quoting matrixebiz
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?
Hi, matrix..

Well, the display on my chart during test was like this
http://i34.tinypic.com/15dv43k.png

from that chart i would only sell nz-usd and aud-usd and (supposed to be) exit at reverse signal... ignoring others. That's the test rules.

do not mind the pending 'cause as i written at post #1141 (page 77) that decision mixed with chart analyzes. But i did it when the pair lines crossed each other and pass the 50, and suddenly the other one reverse (and pointing at the same direction as the one above) but still under 50 while the other stay up above the 50. example on above chart is pending sell limit on eur-usd ( depends on the chart).

cheers.
RaR
  • #1,256
  • Dec 2, 2008 8:34pm Dec 2, 2008 8:34pm
My first trade today
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  • #1,257
  • Dec 2, 2008 9:14pm Dec 2, 2008 9:14pm
http://i33.tinypic.com/2z3p5xk.png
  • #1,258
  • Dec 2, 2008 9:31pm Dec 2, 2008 9:31pm
Rar

Very Good

See my chart set up for individual pair

Indicators superimposed
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  • #1,259
  • Dec 2, 2008 9:36pm Dec 2, 2008 9:36pm
Quoting RaR
Hi, matrix..

Well, the display on my chart during test was like this
http://i34.tinypic.com/15dv43k.png

from that chart i would only sell nz-usd and aud-usd and (supposed to be) exit at reverse signal... ignoring others. That's the test rules.

do not mind the pending 'cause as i written at post #1141 (page 77) that decision mixed with chart analyzes. But i did it when the pair lines crossed each other and pass the 50, and suddenly the other one reverse (and pointing at the same direction as the one above) but still under 50 while the...
Ok, just trying to get your rules right.
What time into the bar do you decide to take the trade? Looks like you have entries all over the place/different times ??
So your just using KG RS GROUP and matching the Positive (as long as it's above 50) with the Negative (as long as it's below 50)

Is that right?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,260
  • Dec 2, 2008 10:27pm Dec 2, 2008 10:27pm
Quoting matrixebiz
Ok, just trying to get your rules right.
What time into the bar do you decide to take the trade? Looks like you have entries all over the place/different times ??
So your just using KG RS GROUP and matching the Positive (as long as it's above 50) with the Negative (as long as it's below 50)

Is that right?
at the top left corner of my chart you'll see amount of time left for the current candle... i'm indicating the changing of direction by that.. usually i'll follow the strenght of the pointing... if within minutes the line cross back through the 50 (after noticed that the lines moves down slower before), then i take that signal.

Yes, the 1st day test was a bit unbehaved (although they all went >90% +)...
But, the 2nd day become more discipline on the rules... enter at the end of a candle period or or at the beginning of the new one..

Correct.

Hey, on the 2nd day result you can see the reason about the pending once more.. see euro, at first i want to sell it, but then it reverse, wait, and set sell limit.. but past half time till the candle finish, the eur getting stronger, so i wait till close and do the opposite trade.

Hope that'll explain
RaR

btw, how's your test going?
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