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Relative Strength Basket Trading System

  • #1,441
  • Dec 4, 2008 5:32pm Dec 4, 2008 5:32pm
Quoting eddiemiller
LOL, if your sharing pips I am interested!!!!!

LOL (only Joking, should be giving you pips for the help)

Eddie
hahahahahahahahaha

KG
  • #1,442
  • Dec 4, 2008 5:38pm Dec 4, 2008 5:38pm
Quoting jeff jordan
here are 6 successful baskets taken within the last 3 hrs. entry was bgased on agreement on strong and weak in all TNF 5, 15, 30 , and 60 min, in addtion, JPY being the strongest or the weakest on RS GROUP.
Nice results... Jeff
The rules that you use is the safest entry for our basket system. That's what i can see if we use the strength.

KG
  • #1,443
  • Dec 4, 2008 5:48pm Dec 4, 2008 5:48pm

Dear thread,

We have already on phase 2 to develop an ENTRY and EXIT rules. In this phase we will play with so many rules, and every member should post his rules in details (it would be better if you could post the results too) so we could collect and summarize them. This will help coders to develop an EA for this system.


And harigp will act as a moderator who will asking your rules in detail and summarize them for us.

Hope we will find the fix rules soon.

KG
  • #1,444
  • Dec 4, 2008 6:30pm Dec 4, 2008 6:30pm
Updated version for bug fix.
Attached File(s)
File Type: ex4 Basket Trading.ex4   25 KB | 623 downloads
  • #1,445
  • Dec 4, 2008 7:35pm Dec 4, 2008 7:35pm
  •  bengong
  • | Joined Jun 2008 | Status: oalaaaahhhhhhhhh yo yoooooooo...... | 38 Posts
hi,
thx kang gun for this wonderful system.... I tried on demo without any trouble and gained some decent profit.... now I want to try this at live micro fxpen account, but the script can't open any trades

here's the error message I got

2008.12.05 08:31:46 KG_JPY_Basket_Long_7pairs USDJPY.,H1: uninit reason 0
2008.12.05 08:31:45 KG_JPY_Basket_Long_7pairs USDJPY.,H1: unknown symbol name CADJPY for OrderSend function
2008.12.05 08:31:45 KG_JPY_Basket_Long_7pairs USDJPY.,H1: unknown symbol name NZDJPY for OrderSend function
2008.12.05 08:31:45 KG_JPY_Basket_Long_7pairs USDJPY.,H1: unknown symbol name AUDJPY for OrderSend function
2008.12.05 08:31:45 KG_JPY_Basket_Long_7pairs USDJPY.,H1: unknown symbol name AUDJPY for OrderSend function
2008.12.05 08:31:45 KG_JPY_Basket_Long_7pairs USDJPY.,H1: unknown symbol name CHFJPY for OrderSend function
2008.12.05 08:31:45 KG_JPY_Basket_Long_7pairs USDJPY.,H1: unknown symbol name GBPJPY for OrderSend function
2008.12.05 08:31:45 KG_JPY_Basket_Long_7pairs USDJPY.,H1: unknown symbol name EURJPY for OrderSend function

any advice how to solve this problem ??? many thx in advance
  • #1,446
  • Dec 4, 2008 7:50pm Dec 4, 2008 7:50pm
Quoting jeff jordan
here are 6 successful baskets taken within the last 3 hrs. entry was bgased on agreement on strong and weak in all TNF 5, 15, 30 , and 60 min, in addtion, JPY being the strongest or the weakest on RS GROUP.
Jeff,

Great Job! Did you take any screen shots of the Trades to show what the indicators where showing at the time of entry? ---Of exit? This would be helpful for looking back later.

Also I noticed that some of your basket trades were closed not as a basket but individually. What was the exits based on?

Thanks.

Bruce
  • #1,447
  • Dec 4, 2008 8:12pm Dec 4, 2008 8:12pm
For automated TakeProfit, would you agree or disagree with the following calculation ?

TakeProfit = Lots * 100 * OrdersTotal();

Thanks,
  • #1,448
  • Dec 4, 2008 8:31pm Dec 4, 2008 8:31pm
Quoting mt41969
For automated TakeProfit, would you agree or disagree with the following calculation ?

TakeProfit = Lots * 100 * OrdersTotal();

Thanks,
MT,

We can try it. Agree.


Thanks,

KG
  • #1,449
  • Edited 9:20pm Dec 4, 2008 8:46pm | Edited 9:20pm
Quoting Kang_Gun
Dear thread,

We have already on phase 2 to develop an ENTRY and EXIT rules. In this phase we will play with so many rules, and every member should post his rules in details (it would be better if you could post the results too) so we could collect and summarize them. This will help coders to develop an EA for this system.


And harigp will act as a moderator who will asking your rules in detail and summarize them for us.

Hope we will find the fix rules soon....
I'd like to test it on 100m track,.. agressive, fast and short time trades. That might causing some hedging. But i'm going to need an EA or script that can automatically closed all opened trades at the amount of total profit wanted from all opened trades (including minus from the hedges).

Also, it could be a nice addition if the EA can keep trying untill the order is filled incase of the trade rejected by the broker.
(actually, a good member of ff forum from another thread has it, but it's for another great system in this ff forum).

and.. would be cool too if it can make the sl/tp as hidden when the broker receive the order.. he..he

Regards,
RaR
  • #1,450
  • Dec 4, 2008 9:26pm Dec 4, 2008 9:26pm
Hello...

I have read through almost all of this thread and I think that I have the latest indicators in use.

I will see if I can help and report back when I can.

Kind Regards...damonl
"Keep your eyes on the helpers" - Mr. Rogers
  • #1,451
  • Dec 4, 2008 9:37pm Dec 4, 2008 9:37pm
Quoting damonl
Hello...

I have read through almost all of this thread and I think that I have the latest indicators in use.

I will see if I can help and report back when I can.

Kind Regards...damonl
Thanks damonl,

We are waiting your contributions here....
Glad you are here

Regards,

KG
  • #1,452
  • Dec 4, 2008 10:58pm Dec 4, 2008 10:58pm
well I am curious what is used to calculate, I tried looking back in history on a 1 min chart just playing around with a theory. I drew some lines as markers and as the bars ticked i noticed the RS_GROUP_XXX would redraw. maybe its not noticeable on a 1hr chart I havent watched it that closely but it does add to some concern. in one case I watched the line change shape completely..

on a side note it could be my datafeed, i will try another demo, this one is missing cadjpy for example, not sure if all pairs are needed to calculate
  • #1,453
  • Dec 4, 2008 11:17pm Dec 4, 2008 11:17pm
It's quite difficult to read the full thread...
If everyone believes it, it will work.
  • #1,454
  • Dec 4, 2008 11:39pm Dec 4, 2008 11:39pm
Quoting dracozny
well I am curious what is used to calculate, I tried looking back in history on a 1 min chart just playing around with a theory. I drew some lines as markers and as the bars ticked i noticed the RS_GROUP_XXX would redraw. maybe its not noticeable on a 1hr chart I havent watched it that closely but it does add to some concern. in one case I watched the line change shape completely..

on a side note it could be my datafeed, i will try another demo, this one is missing cadjpy for example, not sure if all pairs are needed to calculate
The calculations need 7 pairs for each currency... Let's say JPY, so the calculations need gbpjpy, eurjpy, cadjpy, usdjpy, audjpy, chfjpy and nzdjpy data.

Hope it's help,

KG
  • #1,455
  • Dec 4, 2008 11:44pm Dec 4, 2008 11:44pm
Quoting EAprogrammer
It's quite difficult to read the full thread...
Just go to the first post there is a link to the new indicators that we use now. We still on phase 2 now, to find the best entry and exit rules. We still focus on JPY basket.

Hope it's help

KG
  • #1,456
  • Dec 5, 2008 12:50am Dec 5, 2008 12:50am
Quoting Kang_Gun
Thanks damonl,

We are waiting your contributions here....
Glad you are here

Regards,

KG
Hey KG,

Why are you just looking at JPY for entering a trade. Where is your relationship to the USD. If you want to look at the jpy pairs and trade them in a basket, wouldn't you first want to make sure that USD strength/weakness is not in correllation with JPY strength/weakness. This would work for all JPy pairs except chf/jpy and cad/jpy. I would leave these two pairs out of the mess.

It just appears to me that you would want to trade using the currency strength chart in the direction of USD strength or weakness on a bar when it moves away from correllation with the JPY strength/weakness.

So....on the H1 chart, I would take a short basket trade without chf/jpy or cad/jpy when USD has weakness and JPY has strength. I would set the order to trigger below the low of the set-up bar by one pip. If the trade did not trigger before USD and JPY went back in correllation the pending trade would be closed.

As for t/p, I would have to look at things a little more closely, but maybe I'll see where this goes if anywhere. S/l could be maybe other side of the bar.

By the way.....I put the JPY and USD strength indicator on my H1 gbpjpy chart. Maybe it works on other jpy charts in the basket as well.

Hopefully this is helpful and will help you get further along in your journey.

I will be around and see where this goes and help more if I can.

Maybe I am way off base though, but just calling it like I see it on the chart...it actually looks really good
"Keep your eyes on the helpers" - Mr. Rogers
  • #1,457
  • Dec 5, 2008 1:32am Dec 5, 2008 1:32am
Quoting damonl
Hey KG,

Why are you just looking at JPY for entering a trade. Where is your relationship to the USD. If you want to look at the jpy pairs and trade them in a basket, wouldn't you first want to make sure that USD strength/weakness is not in correllation with JPY strength/weakness. This would work for all JPy pairs except chf/jpy and cad/jpy. I would leave these two pairs out of the mess.

It just appears to me that you would want to trade using the currency strength chart in the direction of USD strength or weakness on a bar when it moves away...
Thanks damonl,

Sorry for my english.
So, you will open the basket trade when:

USD [strong] & JPY [weak] or USD [weak] & JPY [strong] is it ?

Thanks

KG
  • #1,458
  • Dec 5, 2008 2:06am Dec 5, 2008 2:06am
  •  bengong
  • | Joined Jun 2008 | Status: oalaaaahhhhhhhhh yo yoooooooo...... | 38 Posts
Quoting bengong
hi,
thx kang gun for this wonderful system.... I tried on demo without any trouble and gained some decent profit.... now I want to try this at live micro fxpen account, but the script can't open any trades

here's the error message I got

2008.12.05 08:31:46...
can someone give some enlightment plz ??? do i need to edit the scripts ???

many thx in advance
  • #1,459
  • Dec 5, 2008 2:15am Dec 5, 2008 2:15am
Quoting bengong
can someone give some enlightment plz ??? do i need to edit the scripts ???

many thx in advance
I don't know what is happened, but could you use the new scripts from steve.

Thanks

KG
  • #1,460
  • Dec 5, 2008 2:35am Dec 5, 2008 2:35am
  •  bengong
  • | Joined Jun 2008 | Status: oalaaaahhhhhhhhh yo yoooooooo...... | 38 Posts
Quoting Kang_Gun
I don't know what is happened, but could you use the new scripts from steve.

Thanks

KG
many thx for the response KG.. very appreciate it

I used these scripts

KG_JPY_Basket_Long_7pairs.mq4
KG_JPY_Basket_Short_7pairs.mq4

I analyze the market manually using mtf index and executed position using scripts, haven't tried the EA.... working well on demo, but can't make any order in live micro account.... tried search this thread, but no luck finding newer / updated scripts.... so I tried to modify scrpt manually... still no luck... any other suggestions plz ???? hatur nuhun kang gun
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