Relative Strength Basket Trading System | Page 84 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading system using relative strength 2,816 replies

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading System Using Relative Strength-Part 2 1,499 replies

My version of a relative strength basket 2 replies

Attachments: Relative Strength Basket Trading System
Exit Attachments

Relative Strength Basket Trading System

  • #1,661
  • Dec 10, 2008 7:23am Dec 10, 2008 7:23am
KG

Please note all my comments on this rule have been on a 1H time frame.... fi you work from a different time frame the numbers are very different (less gap)

Certainly need to be a user editable setting for the ind......

Eddie
  • #1,662
  • Edited 7:38am Dec 10, 2008 7:26am | Edited 7:38am
Quoting harigp
Yes this is what we require from other members also. I have mentioned it in my first post. Post the results good or bad
first day with KG strategy but i am reading T101 strategy for weeks so it is like a continuation.

what i will try to do is watch RS group for EUR, USD and JPY to trade only JPY. I read not only in this thread but in many other threads about compare this 3 currencies to enter the JPY basket.

i entered a trade some minutes ago short based in 15 min. JPY was below 6 and crossed its lines upward. And EUR was in ~70 and crossed downwards.

it gave some 78 pips total. I reversed after JPY was at 82 and crossed downwards.

and i think a alert to see the 10 difference between the two numbers in a group is a good idea. But i suggest arrow and not text message so we can backtest.

best regards.
  • #1,663
  • Dec 10, 2008 7:28am Dec 10, 2008 7:28am
Quoting giraia_br
hi KG

first thanks for sharing your ideas.

do you belevieve using less bars in the RS GROUP XXX will cause less CPU use? I am using EUR, JPY and USD and it is too slow. Or it is the calculation itself that make it slow (and then reduce the number of bars will not help too much)?

thanks in advance.
Your welcome my friend,

I'm still working on it, i'll post it soon. Gimme a little time ...

Glad you are here too,

KG
  • #1,664
  • Dec 10, 2008 8:08am Dec 10, 2008 8:08am
amazing system. thanks
  • #1,665
  • Dec 10, 2008 8:28am Dec 10, 2008 8:28am
Good to see some more post

In the mid afternoon I made a big blunder that while the white line was coming down and the number was 40 I made a sell order instead of buy order. I only
came to know only after 20 minutes by that time the loss was $ 189 ( Demo)
Could have $ 189 profit lot size .10

Closed the contracts and at 30 I placed buy order by that time the white line
started to move up but now at +

Some other observaion on the white line

If the distance betwen rise and fall is narrow either the rise or fall may not be that shaper or short lived.
  • #1,666
  • Dec 10, 2008 9:03am Dec 10, 2008 9:03am
Add:

diff = White Line - Red Line
All_Bars = 100 or you can set it to reduce your pc work

Regards

KG
Attached File(s)
File Type: zip RS_GROUP_USD V1.2.zip   34 KB | 1,310 downloads
  • #1,667
  • Dec 10, 2008 9:12am Dec 10, 2008 9:12am
Quoting harigp
Hi Rar

Mean While Can Jeff and Anggara post their brief summary of their entry rules
so I can take note of that also
Salam Harigp, (3eid Alad7a 5 ayam, sa7?)
I haven't done much during this week. The rules I am following are the same: - 10 or +90 on RS GROUP and -10 or + 10 on RS JPY. The problem is which TMF is the most appropriate to apply the RULES for ENTRY?!
I have monitered 4 TMF (5, 15, 30, and 60 min) trying to make the ENTRY upon the agreement of the 4 TMFs. However, you have to wait for ages to get all the rules in tandom. For ex. you get an agreement on the RS GOUP at either ends but not the 10 difference rule on the 4 TMFs, etc..
So, I started testing 2 hypothesis:
1- Use just the 5 and 15 min TMFs (can get them an agreement easier).
2- Stick with 4 TMFs, but instead of indivual 10 different points, I looked at the sum of all to be 30+ or 15-(very time consuming).
Unfortunately, I spent a lot of time without comming up with any conclusions, yet.

Jeff
  • #1,668
  • Dec 10, 2008 9:14am Dec 10, 2008 9:14am
statment
Attached Image (click to enlarge)
Click to Enlarge Name: relative.gif Size: 34 KB
  • #1,669
  • Dec 10, 2008 9:17am Dec 10, 2008 9:17am
i must admit this thread is the only one that keeps me thinking while reading it.. reminds me of advanced macro economics
  • #1,670
  • Dec 10, 2008 9:38am Dec 10, 2008 9:38am
If you noticed the statment just posted by me I filled the basket the second time with buy and the profit was very fast.

How and why

If you look into the numbers only US$ and gbp is going weak and all other numbers are strong

The little upward movement in the white line is only due to some pull back
on other currency pairs. The strong currency pairs was just showing - 50 and above. The Minus was only for few minutes

Some while ago the white line moved from 39 to 46 so when it reched 46 I placed the buy order and Instant profit
  • #1,671
  • Dec 10, 2008 9:39am Dec 10, 2008 9:39am
Quoting Kang_Gun
Add:

diff = White Line - Red Line
All_Bars = 100 or you can set it to reduce your pc work

Regards

KG
GREAT JOB, KG, IT SI MUCH EASIER TO GRASP THE DIFFERENCE AND FOCUS ON OTHER ISSUES NOW INSTEAD OF LOOKING FOR THE DIFFERENCE.
I HOPE THAT YOU ARE DOING WELL NOW.
  • #1,672
  • Dec 10, 2008 9:45am Dec 10, 2008 9:45am
I use the 60 min TF, and strength has to be over 10 difference for entry and when it goes down to 5, I ext. The problem is I don't stick to the rules due to being impatient. Sometimes I win, sometimes I don't. I would think that a sound and/or popup alert would really help when the difference reaches 10. Is anyone working on an alert? I would but I can't code. Anyone think of a signal service for our group? Just another idea, if we don't have enough of them. LOL. Thanks KG, Steve, Harigp, Eddie, and all.

Misterpipster
  • #1,673
  • Dec 10, 2008 10:08am Dec 10, 2008 10:08am
Quoting misterpipster
I use the 60 min TF, and strength has to be over 10 difference for entry and when it goes down to 5, I ext.
Ok that would work, remember I started that on a 1H time frame, if your using any others then that isnt right.

Quoting misterpipster
The problem is I don't stick to the rules due to being impatient.
Look at the reason why you cant be patient. It will come, but do you need the money now or the thrill of getting pips?

If you gave me $100 on Monday how long would you be happy to wait until I gave you $150 back?

Quoting misterpipster
Sometimes I win, sometimes I don't.
Welcome to Forex! This is normal - NO ONE gets it right every time - and I mean NO ONE. (not even me hee hee - lok at the week I have been having!)

Question is what HAVE you learnt from this so far, and how will that help you in the future?

Quoting misterpipster
I would think that a sound and/or popup alert would really help when the difference reaches 10.
OK, that is kinda stage two of the idea I have KG working on at the momentt. See post http://www.forexfactory.com/showpost...postcount=1591.


Quoting misterpipster
Is anyone working on an alert? I would but I can't code. Anyone think of a signal service for our group? Just another idea, if we don't have enough of them. LOL. Thanks KG, Steve, Harigp, Eddie, and all.

Misterpipster
Your always welcome. PM me if you want to talk signals, something I am setting up at the moment.........

Eddie
  • #1,674
  • Dec 10, 2008 10:18am Dec 10, 2008 10:18am
Quoting Kang_Gun
Add:

diff = White Line - Red Line
All_Bars = 100 or you can set it to reduce your pc work

Regards

KG
Is this the update based on what I was talking to you about?

http://www.forexfactory.com/showpost...postcount=1591

Is it now possible to get an indicator that references each indi' and displays everything on one screen?

Eddie
  • #1,675
  • Dec 10, 2008 10:22am Dec 10, 2008 10:22am
Quoting Kang_Gun
Add:

diff = White Line - Red Line
All_Bars = 100 or you can set it to reduce your pc work

Regards

KG
Simple yet possibly silly seeming request...... is there any way of making the text bigger... my eyes aren't that great!

Eddie
  • #1,676
  • Dec 10, 2008 11:39am Dec 10, 2008 11:39am
Quoting harigp
statment
Hi Harigp
Which indicators did you use for this nice results ?
  • #1,677
  • Dec 10, 2008 11:43am Dec 10, 2008 11:43am
Ji gav

KG Rs Group and Rs group JPY

By the way what is your experience so far by using this system
Share with us and we can work together.
  • #1,678
  • Dec 10, 2008 11:43am Dec 10, 2008 11:43am
Quoting eddiemiller
KG - Many thanks for taking a look. I know if anyone can achieve this you can.

I would based the trades on the ones in the example below as GREEN good, RED no, based on the "10 difference" in the numbers. You may want to code it so that this is an option, letting users set their own levels. I have found from my trades that 10 is "safer" than say 4.

USD - [Strong] 11 <<<< good to trade
EUR - [Strong] 6 <<< NO TRADE
[color=darkred]GBP...
hi Eddiemiller
which indicator gave you the list of strong and weak?
  • #1,679
  • Dec 10, 2008 11:46am Dec 10, 2008 11:46am
Quoting harigp
Ji gav

KG Rs Group and Rs group JPY

By the way what is your experience so far by using this system
Share with us and we can work together.
Do you have it on one templet?
  • #1,680
  • Dec 10, 2008 11:51am Dec 10, 2008 11:51am
Quoting gav
hi Eddiemiller
which indicator gave you the list of strong and weak?
Gav,

(that post is a development request with KG - not for you to use as it does exist in that form as such yet... read read read!!!)

From your last couple of posts here you are a newbie (on this thread at least), correct?

You really need to read thought the posts, add in the indis' (go top right, paper click - install the newest version), have a play with it and then come on and ask some questions. Trust me its all there, I posted some of it .......


Eddie
4 traders viewing now