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Relative Strength Basket Trading System

  • #1,461
  • Dec 5, 2008 3:03am Dec 5, 2008 3:03am
Quoting bengong
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
Check the 1st post there is a link there...

KG
  • #1,462
  • Dec 5, 2008 3:14am Dec 5, 2008 3:14am
  •  bengong
  • | Joined Jun 2008 | Status: oalaaaahhhhhhhhh yo yoooooooo...... | 38 Posts
missed that ones....... thx u very much
  • #1,463
  • Dec 5, 2008 3:43am Dec 5, 2008 3:43am
Quoting bengong
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
Hello bengong, nice to meet you here
Please edit your script, plus dot in the end of pair.

ex : EURUSD ----> EURUSD.
GBPUSD ----> GBPUSD.

Ridwan
  • #1,464
  • Dec 5, 2008 3:45am Dec 5, 2008 3:45am
Quoting Kang_Gun
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
i just read this whol thread in a few hours and installed what you guys have up already, from my understanding he's right, actually deffenitly correct, if we assume all the USD pairs are Strong against the US (weak US dollar) and all the those pairs are Stronger against the Yen (Weak yen) we can assume we can sell Yen exxcept for USD JPY making it 6 pairs.

Does anyone follow? if im not mistaken there are 4 patterns to this.
And your mouth dropped
  • #1,465
  • Dec 5, 2008 3:49am Dec 5, 2008 3:49am
Got this one wrong, was hoping the "Steve Law" would have kicked in by now but it seems to want to stay in the top section.......

Eddie
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  • #1,466
  • Dec 5, 2008 3:54am Dec 5, 2008 3:54am
  •  bengong
  • | Joined Jun 2008 | Status: oalaaaahhhhhhhhh yo yoooooooo...... | 38 Posts
Quoting ridw4n
Hello bengong, nice to meet you here
Please edit your script, plus dot in the end of pair.

ex : EURUSD ----> EURUSD.
GBPUSD ----> GBPUSD.

Ridwan

many thx bro ridwan
  • #1,467
  • Dec 5, 2008 4:04am Dec 5, 2008 4:04am
Quoting makey2u
i just read this whol thread in a few hours and installed what you guys have up already, from my understanding he's right, actually deffenitly correct, if we assume all the USD pairs are Strong against the US (weak US dollar) and all the those pairs are Stronger against the Yen (Weak yen) we can assume we can sell Yen exxcept for USD JPY making it 6 pairs.

Does anyone follow? if im not mistaken there are 4 patterns to this.
Let me check I understand what your asking, as it crossed my mind the other day as well........

Presently when we run the STRONG/WEAK manual script it will open (funds allowing) 7 trades on xxx/JPY pairs.

As it is a "basket trade" some may go up, some may go down but providing overall the basket goes + then was are in profit.

Before opening the trade there is always one or two pairs that are unlikely to go "+", reducing the overall profit of the basket.

It would be useful to test all pairs before opening to get a more refined result on the ones to open, possibly only a few pairs opening (not all). This could be done by checking the (for example) USD not only against the JPY (trade pair (USDJPY) but against all other pars,

This would give us and indication as to how strong the USD was aginst the JPY, but also how strong the USD is against all other pairs.

This would be good to know as if the USD is strong against all pairs but WEAK against the JPY as it is possible to reverse.

Idealy we would want the individaul pair (USDJPY) to have the same overal strength as all other pairs, or a majority?


-It is possible to over refine any process, sometimes not alwasy for the better. You should, can and WILL always make losses on Forex. That is a fact of the market-

Did that cover it?

Eddie
  • #1,468
  • Dec 5, 2008 4:26am Dec 5, 2008 4:26am
Quoting makey2u
i just read this whol thread in a few hours and installed what you guys have up already, from my understanding he's right, actually deffenitly correct, if we assume all the USD pairs are Strong against the US (weak US dollar) and all the those pairs are Stronger against the Yen (Weak yen) we can assume we can sell Yen exxcept for USD JPY making it 6 pairs.

Does anyone follow? if im not mistaken there are 4 patterns to this.
Thanks makey2u,

I'll check it on my observations.

Thanks for the info,

KG
  • #1,469
  • Dec 5, 2008 5:31am Dec 5, 2008 5:31am
clinging on to Steve's Law (lol)... not looking so good.......

-£80 is a margin call (Alpari 25% of account) so I am going to sit in and see what happens.

Only thing the worries me is it is Friday, a very unstable day to trade in my experience.

Eddie
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  • #1,470
  • Dec 5, 2008 6:00am Dec 5, 2008 6:00am
NOw £7.00 worst than earlier..... looking back at the past few Fridays on the Group_JPY it is almost the same pattern.

This being true it should start to dive in 2 - 3 hours right down to my 25% line.

Time will tell.....


Eddie
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  • #1,471
  • Dec 5, 2008 7:33am Dec 5, 2008 7:33am
Nfp Massive -533 K Expected -320
  • #1,472
  • Dec 5, 2008 7:40am Dec 5, 2008 7:40am
I would be lying if I said that I was comfortable with the situation.... will it reverse in line with "Steve's Law"?

Time will tell......



Eddie
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  • #1,473
  • Dec 5, 2008 7:46am Dec 5, 2008 7:46am
Looks like with the USD results on unemployment all money has gone into the Yen making it very strong!

Bugger!

Eddie
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  • #1,474
  • Dec 5, 2008 7:50am Dec 5, 2008 7:50am
hI EDIE

I am in the ssame situation like you but I booked sell contract with higher lot size
  • #1,475
  • Dec 5, 2008 7:57am Dec 5, 2008 7:57am
Hello guys. Great thread. Something I've been interested in for some time. I am not interested in the scripts but am VERY MUCH interested in doing my own research using just the indicators. Can anyone tell me where I can find the latest indicators "KG RS GROUP" and "JPY Weak/Strong"? Thanks and good trading!
  • #1,476
  • Dec 5, 2008 8:08am Dec 5, 2008 8:08am
Quoting maxreturn
Hello guys. Great thread. Something I've been interested in for some time. I am not interested in the scripts but am VERY MUCH interested in doing my own research using just the indicators. Can anyone tell me where I can find the latest indicators "KG RS GROUP" and "JPY Weak/Strong"? Thanks and good trading!
Paper clip top right, newest ones are the last ones in the list, so have a look through..

Eddie
  • #1,477
  • Dec 5, 2008 8:09am Dec 5, 2008 8:09am
Quoting harigp
hI EDIE

I am in the ssame situation like you but I booked sell contract with higher lot size
Let me know how that works for you.

Eddie
  • #1,478
  • Dec 5, 2008 8:10am Dec 5, 2008 8:10am
Hi eddie

Very bad dont try now
  • #1,479
  • Dec 5, 2008 8:29am Dec 5, 2008 8:29am
Quoting eddiemiller
Paper clip top right, newest ones are the last ones in the list, so have a look through..

Eddie
Thanks Eddie. I found the KG RS GROUPS but was unable to decipher where that stochastic looking indicator for the JPY is.
  • #1,480
  • Dec 5, 2008 8:41am Dec 5, 2008 8:41am
Which one?

Eddie
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