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Relative Strength Basket Trading System

  • #1,321
  • Dec 3, 2008 3:59pm Dec 3, 2008 3:59pm
Quoting eddiemiller
Steve there are 10 bit of important news noted for tomorrow so possibly not a time to take a punt... or big gains to be had?

Eddie
Hehe. That is me not making myself clear, as usual - terrible trait in a teacher.

What I should have written is, I cannot see any major news items involving JPY in the early hours of tomorrow morning, gmt.

Not that it seems to matter. JPY she goes up, then she goes down, then she goes up again........

I have taken this punt in the knowledge that JPY appears to be heading Northwards over the longer term, so I can afford some uncomfortable dd. I wouldn't have taken the same punt at the top of the range anticipating a fall in the Yen.

Of course, this time tomorrow I might merely be refunding this tiny account after it got even tinier. We shall see.

One of the basket has just snuck into profit. Go JPY go.Upupupupupupupupupupupupupupupupupupupupupupupupup

  • #1,322
  • Dec 3, 2008 4:05pm Dec 3, 2008 4:05pm
up for the day.....
Attached File(s)
File Type: pdf Statement03122008.pdf   67 KB | 574 downloads
  • #1,323
  • Dec 3, 2008 4:12pm Dec 3, 2008 4:12pm
Quoting SteveHopwood
Hehe. That is me not making myself clear, as usual - terrible trait in a teacher.

What I should have written is, I cannot see any major news items involving JPY in the early hours of tomorrow morning, gmt.

Not that it seems to matter. JPY she goes up, then she goes down, then she goes up again........

I have taken this punt in the knowledge that JPY appears to be heading Northwards over the longer term, so I can afford some uncomfortable dd. I wouldn't have taken the same punt at the top of the range anticipating a fall in the Yen.

Of...
Steve,

there are important news releases throughout the day (starting at 00.30).

Whilst one or two, perhaps even 3 or 4 might work out very well it only takes 1 or 2 to collapse and you could get a DD that is too much, maybe even a margin call whilst using a small live account.

I agree that with all down on JYP at the moment logic says up, but then there is no logic in Forex, is there?

The market does by its very nature always go up, down or sideways.......

Is it the NZD by any chance that went positive?

Eddie
  • #1,324
  • Dec 3, 2008 4:19pm Dec 3, 2008 4:19pm
Quoting eddiemiller
Is it the NZD by any chance that went positive?

Eddie
Twas USD. It is hovering now.

  • #1,325
  • Dec 3, 2008 4:34pm Dec 3, 2008 4:34pm
Quoting SteveHopwood
Twas USD. It is hovering now.

OK

For me (living in the UK) the most important news tomorrow is the BOE interest rate announcement.

Could be another 1% cut - the lowest for 60 years... any lower than that would be a first in UK history!

Now that is big news - expect to go down 99.9%.............. that will make the GBP/JPY one to watch.........
Attached Image (click to enlarge)
Click to Enlarge Name: 03122008_2231.gif Size: 33 KB
  • #1,326
  • Dec 3, 2008 4:39pm Dec 3, 2008 4:39pm
Quoting eddiemiller
OK

For me (living in the UK) the most important news tomorrow is the BOE interest rate announcement.

Could be another 1% cut - the lowest for 60 years... any lower than that would be a first in UK history!

Now that is big news - expect to go down 99.9%.............. that will make the GBP/JPY one to watch.........
Hehe. Any bets on the spread at 11/58 gmt? I go for 30.

  • #1,327
  • Dec 3, 2008 5:08pm Dec 3, 2008 5:08pm
Please find attached my SCRIPT file for basket trading. It is not an EA because an EA stops if there is no tick update from the chart you have it attached too. This can be very dangerous if you have multiple currency pairs opened and need them closed when total profit or loss is reached. A script file does not need a tick update to function.

It uses the KG RS GROUP and RS_GROUP_XXX V1.0 indicator files. Below are the user input parameters. Apart from the Strong_Signal and Weak_Signal values it basis its trades on the difference between the RED and WHITE line being >10 or <-10.

extern string Author = "Mark Johnson";
extern string Email = "[email protected]";
extern double Lots = 0.01;
extern double Take_Profit = 5;
extern double Stop_Loss = -100;
extern int Strong_Signal = 60;
extern int Weak_Signal = 40;
extern bool Trade_AUD_Basket = false;
extern bool Trade_CAD_Basket = false;
extern bool Trade_CHF_Basket = false;
extern bool Trade_EUR_Basket = false;
extern bool Trade_GBP_Basket = false;
extern bool Trade_JPY_Basket = false;
extern bool Trade_NZD_Basket = false;
extern bool Trade_USD_Basket = false;
Attached File(s)
File Type: ex4 Basket Trading.ex4   25 KB | 418 downloads
  • #1,328
  • Dec 3, 2008 5:13pm Dec 3, 2008 5:13pm
Quoting mt41969
Please find attached my SCRIPT file for basket trading. It is not an EA because an EA stops if there is no tick update from the chart you have it attached too. This can be very dangerous if you have multiple currency pairs opened and need them closed when total profit or loss is reached. A script file does not need a tick update to function.

It uses the KG RS GROUP and RS_GROUP_XXX V1.0 indicator files. Below are the user input parameters. Apart from the Strong_Signal and Weak_Signal values it basis its trades on the difference between the RED...

WOW

Can we use this any time, or should we be looking for a certain signal?

Eddie
  • #1,329
  • Dec 3, 2008 5:20pm Dec 3, 2008 5:20pm
You should use this one attached. Bug fix.

Entry rules:

BUY or LONG
- White line is > Strong_Signal on RS_GROUP_XXX V1.0
- White line is > Strong_Signal on KG RS GROUP
- White line - Red line is > 10

SELL or SHORT
- White line is < Weak_Signal on RS_GROUP_XXX V1.0
- White line is < Weak_Signal on KG RS GROUP
- White line - Red line is < -10

Its coded to work for all the baskets that you set to TRUE.

Please test on a DEMO account
Attached File(s)
File Type: ex4 Basket Trading.ex4   25 KB | 568 downloads
  • #1,330
  • Dec 3, 2008 5:25pm Dec 3, 2008 5:25pm
Quoting mt41969
You should use this one attached. Bug fix.

Its coded to work for all the baskets that you set to TRUE.

Please test on a DEMO account
Do you mean it will work on all JPY pairs or all pair.

Also should it be added to the same chart as the RS Group JPY and the RA Group?

Eddie
  • #1,331
  • Dec 3, 2008 5:32pm Dec 3, 2008 5:32pm
It doesnt matter which chart you attach it too. It makes internal calls to the indicators.
  • #1,332
  • Dec 3, 2008 5:36pm Dec 3, 2008 5:36pm
Quoting harigp
Hi KG

First Thanks Jeff for the kind words

KG what is the exact role of the moderator, Since I am having full time job do
the members think that I will be able to do justice to the job as moderator
The moderator just summarize the rules used by members here.

Thanks

KG
  • #1,333
  • Dec 3, 2008 5:38pm Dec 3, 2008 5:38pm
Quoting mt41969
It doesnt matter which chart you attach it too. It makes internal calls to the indicators.
Ok test on new demo account overnight...

Eddie
  • #1,334
  • Dec 3, 2008 5:39pm Dec 3, 2008 5:39pm
Quoting mt41969
You should use this one attached. Bug fix.

Entry rules:

BUY or LONG
- White line is > Strong_Signal on RS_GROUP_XXX V1.0
- White line is > Strong_Signal on KG RS GROUP
- White line - Red line is > 10

SELL or SHORT
- White line is < Weak_Signal on RS_GROUP_XXX V1.0
- White line is < Weak_Signal on KG RS GROUP
- White line - Red line is < -10

Its coded to work for all the baskets that you set to TRUE.

Please test on a DEMO account
Thanks MT,

So, i have to copy it to expert\scripts directory?
And just click it one time to execute it, is it?

Regards,

KG
  • #1,335
  • Dec 3, 2008 5:44pm Dec 3, 2008 5:44pm
Yes, you will need to attach just the KG RS GROUP indicator as well. Makesure all the baskets are set to TRUE or whichever ones you want it to trade.

BUT, please only use on DEMO account.
  • #1,336
  • Dec 3, 2008 5:59pm Dec 3, 2008 5:59pm
Early days but SCRIPT seems to be working fine.
Attached File(s)
File Type: zip DetailedStatement.zip   7 KB | 406 downloads
  • #1,337
  • Dec 3, 2008 6:04pm Dec 3, 2008 6:04pm
I have done something wrong?


Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 03122008_2359.gif Size: 103 KB
  • #1,338
  • Dec 3, 2008 6:07pm Dec 3, 2008 6:07pm
Are the RS_GROUP_XXX V1.0 indicators in that directory ?
  • #1,339
  • Dec 3, 2008 6:10pm Dec 3, 2008 6:10pm
Ok I see the problem.

I have the newer version 1.1 - will this work with these?

Eddie
  • #1,340
  • Dec 3, 2008 6:13pm Dec 3, 2008 6:13pm
no as they are named differently. Just put these ones in the same directory.
Attached File(s)
File Type: zip KG RS GROUP.zip   51 KB | 708 downloads
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