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Relative Strength Basket Trading System

  • #1,381
  • Dec 4, 2008 6:59am Dec 4, 2008 6:59am
I just got a reminder of how quick things can change...

this basket (only part opened from above) managed to get the -£15...... then came back to +£5, then back to -£11 then the Trade Manger was switched on and the bucket jumped a few minutes later... locked it it then closed out.

Just look at how quick it all moved.... 2 seconds between locks.

thats £25 ($40) in a few minute swing on 0.02 lots......
Attached Image (click to enlarge)
Click to Enlarge Name: 04122008_1254.gif Size: 82 KB
  • #1,382
  • Dec 4, 2008 7:05am Dec 4, 2008 7:05am
Quoting mt41969
do we have any more news on the entry signals ?
I'm still use my rules for this week.

KG
  • #1,383
  • Dec 4, 2008 7:14am Dec 4, 2008 7:14am
@steve

are you holding your trades in long term?
  • #1,384
  • Dec 4, 2008 7:50am Dec 4, 2008 7:50am
Quoting jeff jordan
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
I'm running it on my laptop and having the same problem.
  • #1,385
  • Dec 4, 2008 8:08am Dec 4, 2008 8:08am
Quoting seamonkey
I'm running it on my laptop and having the same problem.
I was having that as well - DONT run all indi's

Eddie
  • #1,386
  • Dec 4, 2008 8:32am Dec 4, 2008 8:32am
if you load all the new indicators at once you will get stack overflow problems and your CPU usuage will hit 100% and your machine will eventually collapse.
  • #1,387
  • Dec 4, 2008 8:50am Dec 4, 2008 8:50am
Quoting mt41969
if you load all the new indicators at once you will get stack overflow problems and your CPU usuage will hit 100% and your machine will eventually collapse.
LOL - like I said.....

Eddie
  • #1,388
  • Dec 4, 2008 9:21am Dec 4, 2008 9:21am
MY MT4 has crashed

What is the next step
  • #1,389
  • Dec 4, 2008 9:24am Dec 4, 2008 9:24am
Quoting kenshandjaya
@steve

are you holding your trades in long term?
Not my live ones. The long-term trades that I am holding are on demo, so I have a mixture of both.

Eddie, your great idea of having a minimum of 10 between the RS_GROUP values kept me out of a weak basket a few minutes ago, that now looks as though it might reverse. Everything else was right, but the JPY weakening has stalled. Ok, so it might continue, but at least I am not left sweating yet another dd. That was a brilliant contribution.

  • #1,390
  • Dec 4, 2008 9:33am Dec 4, 2008 9:33am
Quoting SteveHopwood
Not my live ones. The long-term trades that I am holding are on demo, so I have a mixture of both.

Eddie, your great idea of having a minimum of 10 between the RS_GROUP values kept me out of a weak basket a few minutes ago, that now looks as though it might reverse. Everything else was right, but the JPY weakening has stalled. Ok, so it might continue, but at least I am not left sweating yet another dd. That was a brilliant contribution.

Your welcome.... if only I could follow my own advice...... now I have to sit in tight and wait for the recovery that you highlighted (the whit line must come down sooner of later)

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 04122008_1531.gif Size: 94 KB
  • #1,391
  • Dec 4, 2008 9:34am Dec 4, 2008 9:34am
Quoting harigp
MY MT4 has crashed

What is the next step
Restart... do you really need all those indicators?

Eddie
  • #1,392
  • Dec 4, 2008 9:39am Dec 4, 2008 9:39am
HI eddie

Back to normal
  • #1,393
  • Dec 4, 2008 9:54am Dec 4, 2008 9:54am
Hi mt41969,

I have had my Basket Trading running with the proper indicators for the last 10 hours, and I have had no Basket Trades. Your Basket Trading line is on the upper left of the chart, and the 2 indicators are supposedly the proper ones are being used. I am using FXDD for broker. Can you think of why there were no trades during this period, especially when the difference in strengths were more than 10 several times? Please advise. Thanks.

Misterpipster
  • #1,394
  • Dec 4, 2008 9:57am Dec 4, 2008 9:57am
Strange, mine has placed basket trades with Alpari making £19.47 in the last 10 hours.
  • #1,395
  • Dec 4, 2008 9:58am Dec 4, 2008 9:58am
Quoting eddiemiller
Your welcome.... if only I could follow my own advice...... now I have to sit in tight and wait for the recovery that you highlighted (the whit line must come down sooner of later)

Eddie
Hehe. Going down I see, Eddie. Phew.

  • #1,396
  • Dec 4, 2008 10:00am Dec 4, 2008 10:00am
Quoting SteveHopwood
Hehe. Going down I see, Eddie. Phew.

Trade manger banked me .20 - was up to £4, but TM was too aggressive... just changed it and re-entered.....

... looks like on this signal alone you can trade, provided you can wait for the turn back.....



Eddie
  • #1,397
  • Dec 4, 2008 10:02am Dec 4, 2008 10:02am
Quoting mt41969
Strange, mine has placed basket trades with Alpari making £19.47 in the last 10 hours.
Can you tell me approximately how many chart pips that you made in the last 10 hours. Thanks.
  • #1,398
  • Dec 4, 2008 10:03am Dec 4, 2008 10:03am
MisterPipster.

1. Attach KG RS GROUP to your chart. (old version)
2. Attach Basket Trading SCRIPT file to your chart.

In the top left corner of the chart you should see the following:

Basket Trading v1.0. copyright 2008, Mark Johnson
  • #1,399
  • Dec 4, 2008 10:04am Dec 4, 2008 10:04am
i dont keep track of pips only profit/loss. the last basket actioned was 3.34pm making £5.27 on EUR basket.
  • #1,400
  • Dec 4, 2008 10:11am Dec 4, 2008 10:11am
Quoting SteveHopwood
Hehe. Going down I see, Eddie. Phew.


LOL jumped back in - now -£10 again.... sitting and waiting...

Eddie
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