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Relative Strength Basket Trading System

  • #1,361
  • Dec 3, 2008 8:23pm Dec 3, 2008 8:23pm
Quoting mt41969
no. This script places orders and handles Profit/Loss by the input parameters mentioned in an earlier post.

it is designed to be run on its own without any other EA trades or manual intervention.

it was posted for information purposes only. i built this for my own trading style and do not intend to add aditional functionality unless i agree with the requests asked.

it is profitable but it is not a get rich quick method. they dont exist in forex.
Thanks friend.
  • #1,362
  • Dec 4, 2008 2:53am Dec 4, 2008 2:53am
Good Afternoon All,

Nice pips huh !!!! hahahahahaha

KG
  • #1,363
  • Dec 4, 2008 3:28am Dec 4, 2008 3:28am
statment
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  • #1,364
  • Dec 4, 2008 4:15am Dec 4, 2008 4:15am
I am not sure but this has worked out over the last few hours.

I am going to leave things till this afternoon as I am looking at the GBP news at 12...

Eddie

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...
  • #1,365
  • Dec 4, 2008 5:17am Dec 4, 2008 5:17am
Quoting Kang_Gun
Good Afternoon All,

Nice pips huh !!!! hahahahahaha

KG
I had to leave these trades to their own devices last night. This is what I awoke to this morning. Can't be bad.

Attached Image (click to enlarge)
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  • #1,366
  • Dec 4, 2008 5:27am Dec 4, 2008 5:27am
My last was a take on my tiny live account.

This is the demo that I am leaving alone, all trades takes as sells because of the long-term JPY strength. Good progress.

Attached Image (click to enlarge)
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  • #1,367
  • Dec 4, 2008 5:37am Dec 4, 2008 5:37am
Quoting SteveHopwood
I had to leave these trades to their own devices last night. This is what I awoke to this morning. Can't be bad.

Risk to reward factor here was how low?

Eddie
  • #1,368
  • Dec 4, 2008 5:37am Dec 4, 2008 5:37am
Hi KG
you have really done a great work

U can maybe check this website out http://www.forexwealth.blogspot.com:80/

Its about the strength and weakness of different currencies,commodities and stocks.

Maybe this can also help

Thanks
  • #1,369
  • Dec 4, 2008 5:41am Dec 4, 2008 5:41am
Quoting deon
Hi KG
you have really done a great work

U can maybe check this website out xxxxxxxx

Its about the strength and weakness of different currencies,commodities and stocks.

Maybe this can also help

Thanks
Please don't spoil out threat with you sales messages - we don't want to buy your stuff - it is also against forum rules.

Eddie
  • #1,370
  • Dec 4, 2008 5:56am Dec 4, 2008 5:56am
The most recent indicators are slowing (killing) the system. I am using Alpari Uk, shifting from one chart to the other takes 2-3 minutes, loading the indicator takes almost 3-4 minutes, I was not able to do any trading today because of that!! Is anybody facing this problem? Any ideas?
Jeff
  • #1,371
  • Dec 4, 2008 5:57am Dec 4, 2008 5:57am
Quoting eddiemiller
Risk to reward factor here was how low?

Eddie
Impossible to assess on the KG trades, Eddie, as they were left to run until being taken out by a $2 jumping stop.

I set a $5 stop loss and $1 take profit for the ES trades. On the face of it, a risk:reward ration of 5:1 looks dreadful, but I reckon trading with relative strength evens up the balance a bit.

  • #1,372
  • Dec 4, 2008 5:57am Dec 4, 2008 5:57am
Hi eddie

Sorry i really didnt know that i cant put websites on the forum ,and i really dont want to spoil the threat ,,but just to let u know i dont have anything to do with this company and not even a member .I just saw this website and it looks like this people also calculate the the strong against the weaker currencies,but also the stocks and commodities.
I just thought this can maybe help us
If anybody can delete my post thats ok with me
If u beleive me or not i dont care i was just trying to help

Again im sorry KG

Deon
  • #1,373
  • Dec 4, 2008 6:00am Dec 4, 2008 6:00am
BOE Interest rate is 2% (Cut of 1%)

Eddie
  • #1,374
  • Dec 4, 2008 6:22am Dec 4, 2008 6:22am
I think all wait at least 1.5 % cut. nobody know what to do now
  • #1,375
  • Dec 4, 2008 6:30am Dec 4, 2008 6:30am
Just waiting for the bounce and for JPY to resume its ascent.

My long-term demo basket is providing an unexpected benefit, in that it offers more confirmation of the xxxJPY movement when I look at the up&l.

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  • #1,376
  • Dec 4, 2008 6:35am Dec 4, 2008 6:35am
Quoting LT man
I think all wait at least 1.5 % cut. nobody know what to do now
eeerrrmmm no... 2% - I live in the UK and am watching the news "live"

Eddie
  • #1,377
  • Dec 4, 2008 6:36am Dec 4, 2008 6:36am
Took the trade as all added up ......

Only got 4 of 7 pairs as ran out of funds......... I guess that is why the basket doesn't balance?

Eddie
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  • #1,378
  • Dec 4, 2008 6:41am Dec 4, 2008 6:41am
do we have any more news on the entry signals ?
  • #1,379
  • Dec 4, 2008 6:44am Dec 4, 2008 6:44am
yea 2 minutes from now minimum bid rate euro
  • #1,380
  • Dec 4, 2008 6:47am Dec 4, 2008 6:47am
Quoting mt41969
do we have any more news on the entry signals ?
Well Steve was right last night and it may be a very clunky yet effective way to trade (you just need to have huge balls and enough margin).......

When the red and white are at the top BUY and when at the bottom SELL.

I have added in a 25% and 75% line - this is what I treat as the top and bottom........

Ignore everything else?

Eddie
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