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Relative Strength Basket Trading System

  • #1,561
  • Dec 8, 2008 11:12am Dec 8, 2008 11:12am
Steve,

Just an idea to refine the basket.... I know that is the idea of a basket trade.... just a thought...

I am please the CAD wasn't in there as it would have killed the trade off a bit... perhaps what I was getting at above.

I am again thinking about the risk to reward ratio... $2.40 odd is a very small gain compared to the exposed risk.

Eddie
  • #1,562
  • Dec 8, 2008 11:24am Dec 8, 2008 11:24am
Quoting eddiemiller
I am again thinking about the risk to reward ratio... $2.40 odd is a very small gain compared to the exposed risk.

Eddie
I disagree; the Yen is strengthening mid to long term, so this lengthens the odds in my favour everytime I sell against it. 2% of the account balance in one trade is a huge success.

By comparison, the risk is tiny. IBFX allow nano-lot trading i.e. 1 pip = 1 cent. A basket has to go against me by about -1000 pips before the dd reaches $10, or roughly 10% of the account. Selling a basket of xxxJPY trades has yet to hit this depth of dd.

  • #1,563
  • Dec 8, 2008 11:34am Dec 8, 2008 11:34am
ah ok... i was thinking in my account terms where 1pip = £0.07p

Eddie
  • #1,564
  • Dec 8, 2008 11:50am Dec 8, 2008 11:50am
Quoting eddiemiller
Very time consuming to do by hand and EOD data isn't as accurate for short term trades as hourly etc. If you in it for a 5 day play then yes, but day trading .... no no no!


The idea of this is to get the PC to do the work so that us humans can digest it and act.....
Don't for one minute think I was recommending doing this by hand, nor proposing EOD data as the way to go.

My post was more to show how the end results of the analysis were presented ie a table with numerical Strength/Weakness.
  • #1,565
  • Dec 8, 2008 12:04pm Dec 8, 2008 12:04pm
For idea only...:http://www.triquetrafg.com/content/view/41/135/
  • #1,566
  • Dec 8, 2008 12:35pm Dec 8, 2008 12:35pm
Quoting Lopuch
For idea only...:http://www.triquetrafg.com/content/view/41/135/

Nice

Eddie
  • #1,567
  • Dec 8, 2008 12:36pm Dec 8, 2008 12:36pm
Steve's law says buy as it is near the top and will at some point have to go down, right?

Eddie
Attached Image (click to enlarge)
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  • #1,568
  • Dec 8, 2008 1:05pm Dec 8, 2008 1:05pm
Quoting Anggara
Salam Jeff'

I take long merely on cross [wabane] hehehe, on RS GROUP JPY, and the position of GBP and JPY in KG RS GROUP, realize that it is a fake cross, I'm hedging it, open a short position but still leave my long position open, because GBP is still weaker than JPY but heading up and vice versa.
close my short and open another buy at 137.78. So know i have 2 long position on GBPJPY.

still waiting the final result

cheers'
Salam Anggara, Happy Eid
That was my assumption, but you did well hedging!!! bacause KG RS Group suggested "short" entry, and that was strong. Also, as far as I know- please correct me if I am wrong- EMA (yellow and orange ) were making a turn and crossing the other EMA suggesting a change in direction.

Jeff
  • #1,569
  • Dec 8, 2008 1:17pm Dec 8, 2008 1:17pm
Quoting eddiemiller
Steve's law says buy as it is near the top and will at some point have to go down, right?

Eddie
Eddie,
Can anybody, at all, tell how long will it take to go back dow?!! NO, right?
You have to stick to yopur rule, in addtion to Steve's, and that is when it reverses (goes down) and the difference becomes 10 or more, ENTER.... this might be the safest entry I can think of.

Jeff
  • #1,570
  • Dec 8, 2008 1:51pm Dec 8, 2008 1:51pm
Quoting jeff jordan
Salam Anggara, Happy Eid
That was my assumption, but you did well hedging!!! bacause KG RS Group suggested "short" entry, and that was strong. Also, as far as I know- please correct me if I am wrong- EMA (yellow and orange ) were making a turn and crossing the other EMA suggesting a change in direction.

Jeff
Salam Jeff'
Happy Eid

Yes, that's one of the parameter, later we still have to analyze price reaction in that EMAs, if that EMAs play a good role as support than the trend is really turn to BULL. I love MA, and KG teach me a lot about MA thats why I always use it as one of my analyzer tools.

Right now I still have 2 Long position -22 and +89 lets find out the result.
I attached also GJ TF D1, the reason why I didn't close my long position.

Cheers'
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 2.gif Size: 21 KB
Click to Enlarge Name: gj d1.gif Size: 21 KB
  • #1,571
  • Dec 8, 2008 2:09pm Dec 8, 2008 2:09pm
Quoting Anggara
Salam Jeff'
Happy Eid

.....

Right now I still have 2 Long position -22 and +89 lets find out the result.
I attached also GJ TF D1, the reason why I didn't close my long position.

Cheers'
it began to become positive right now
at the moment it is +111 in total
this can be a good example on recognizing the trend can help us to pick the right signal, help us to stay calm on floating minus condition, predict where it goes and etc..

hope it helps'
anggara
  • #1,572
  • Dec 8, 2008 3:35pm Dec 8, 2008 3:35pm
KG,

Would it be possible to insert a user input in these indicators so we can specify the number of bars to display? Maybe that might take up a bit less PC resouces, mine's having a hard time!

Thanks if you can

^ Optimist ^
Attached File(s)
File Type: zip RS_GROUP_USD V1.1.zip   50 KB | 466 downloads
  • #1,573
  • Dec 8, 2008 4:29pm Dec 8, 2008 4:29pm
do we have CLEAR entry signals yet ?

Thanks.
  • #1,574
  • Dec 8, 2008 6:36pm Dec 8, 2008 6:36pm
Quoting Forex Optimi
KG,

Would it be possible to insert a user input in these indicators so we can specify the number of bars to display? Maybe that might take up a bit less PC resouces, mine's having a hard time!

Thanks if you can

^ Optimist ^
I think it's already there....

KG
  • #1,575
  • Dec 8, 2008 6:42pm Dec 8, 2008 6:42pm
Anybody use KG_RS_GROUP V1.1 indicator at D1 Time Frame before start fill the basket base on small Time Frame?

Please, check it first. It will help to determine the strength for the day...

Thanks

KG
  • #1,576
  • Dec 8, 2008 6:55pm Dec 8, 2008 6:55pm
Quoting Kang_Gun
Anybody use KG_RS_GROUP V1.1 indicator at D1 Time Frame before start fill the basket base on small Time Frame?

Please, check it first. It will help to determine the strength for the day...

Thanks

KG
Kang - any chance of any of the alterations to the indi's above?

Eddie
  • #1,577
  • Dec 8, 2008 7:10pm Dec 8, 2008 7:10pm
Quoting eddiemiller
Kang - any chance of any of the alterations to the indi's above?

Eddie
what do you mean Eddie?
(sorry my english very very bad... hehehe)

KG
  • #1,578
  • Dec 8, 2008 7:22pm Dec 8, 2008 7:22pm
Morning thread,
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  • #1,579
  • Dec 8, 2008 8:03pm Dec 8, 2008 8:03pm
Quoting jeff jordan
Eddie,
Can anybody, at all, tell how long will it take to go back dow?!! NO, right?
You have to stick to yopur rule, in addtion to Steve's, and that is when it reverses (goes down) and the difference becomes 10 or more, ENTER.... this might be the safest entry I can think of.

Jeff
I decided not to trade it as I was going out and doubt had set in. I was wrong to not trade it.......

.... less than an hour later the price headed down almost all the way....

The same is true no so I got it very early and am suffering the expected loss at the moment.... she gona fall at some point over night and when it does I shall see....

for now I need some sleep.

Eddie
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  • #1,580
  • Dec 8, 2008 8:04pm Dec 8, 2008 8:04pm
Quoting Kang_Gun
what do you mean Eddie?
(sorry my english very very bad... hehehe)

KG

#1550 - http://www.forexfactory.com/showpost...postcount=1550

Eddie
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