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Relative Strength Basket Trading System

  • #1,681
  • Dec 10, 2008 11:55am Dec 10, 2008 11:55am
Starting another at the bottom trade. (Steve's Law)

Difference was only [3] now [1.37] and as a result it is -£11.07.

Still it is at the bottom so it cant go weak for long (can it?) up up up!!!

Eddie
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  • #1,682
  • Dec 10, 2008 11:57am Dec 10, 2008 11:57am
Quoting eddiemiller
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
My problem is my English.
Please help me if you can.
I am on this site for along time , I was from the begining , even in the
Trading system using relative strength , and the second part.
  • #1,683
  • Dec 10, 2008 12:02pm Dec 10, 2008 12:02pm
  •  bengong
  • | Joined Jun 2008 | Status: oalaaaahhhhhhhhh yo yoooooooo...... | 38 Posts
Quoting Kang_Gun
Add:

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

Regards

KG
many thx... it's loaded faster and my pc resource seems works lighter..... great update... nuhun kang
  • #1,684
  • Dec 10, 2008 1:20pm Dec 10, 2008 1:20pm
Three baskets today, up 14% on the demo.

The final basket was Short JPY pairs which had a draw down of 4% before making about 8%. this was on 0.1 lots. I think I would have bailed at 4% on a live account.

In live trading I was trying to fine tune "choosing only the best performing pair" and took a dreadful USD-JPY entry to lose 2.5%. I must stop trading before I've really woken up. So much for remembering to look at Eddie's 10 filter. Could have saved me a fortune. Sickening.

I guess everyone's noticed that the KG Group and the Individual JPY indicators don't match. I'm sure it's been mentioned 1,000 times, apologies if I missed that post.

Still not convinced about the equal lot sizes. GBP/JPY dominates all the wins and losses.

Anyway, here you go:
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  • #1,685
  • Dec 10, 2008 1:49pm Dec 10, 2008 1:49pm
Quoting elchoco
Three baskets today, up 14% on the demo.

The final basket was Short JPY pairs which had a draw down of 4% before making about 8%. this was on 0.1 lots. I think I would have bailed at 4% on a live account.

In live trading I was trying to fine tune "choosing only the best performing pair" and took a dreadful USD-JPY entry to lose 2.5%. I must stop trading before I've really woken up. So much for remembering to look at Eddie's 10 filter. Could have saved me a fortune. Sickening.

I guess everyone's noticed that the KG Group and the Individual...
Hi Elchoco
My image is like yours, tell me please how often do you trade every hour, or 4 hour or when ever you see an image like that ? For how long you stay in the trade?
  • #1,686
  • Dec 10, 2008 3:03pm Dec 10, 2008 3:03pm
Quoting gav
My problem is my English.
Please help me if you can.
I am on this site for along time , I was from the begining , even in the
Trading system using relative strength , and the second part.
Then practising it by reading the post here will help, otherwise you risk not understanding and loosing all your money.

Eddie
  • #1,687
  • Dec 10, 2008 4:11pm Dec 10, 2008 4:11pm
Thanks KG, that solves the CPU problem

Quoting Kang_Gun
Add:

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

Regards

KG
  • #1,688
  • Dec 10, 2008 5:06pm Dec 10, 2008 5:06pm
Quoting gav
Hi Elchoco
My image is like yours, tell me please how often do you trade every hour, or 4 hour or when ever you see an image like that ? For how long you stay in the trade?
I think like everyone else here we're all still refining our personal rules. After todays poor entry on USD-JPY I will enter the whole basket only at the cross of the RS_GROUP_JPY so long as it's under 20 (going up ie SELL xxx/JPY) or over 80 (coming down ie BUY xxx/JPY).

Maybe it happens 2-3 times a day.

Will also try and remember to look for eddies 10 filter

Need to look at the position size % so the drawdown doesn't freak me out. Wth the whole basket running and some largish opening spreads it can quickly mount up. I'll start with a larger opeing balance on the MT4 so 0.1 lot fits in better as a %age.

Today I stayed in the trades about 15 mins - 2 hours. Sometimes it's quicker. Depends how good your entries are! Some people are in and out in a few minutes!!! (I like to take my time.... to really savour the drawdown).

Hope this helps
  • #1,689
  • Dec 10, 2008 5:56pm Dec 10, 2008 5:56pm
Oh, in case it helps anyone, I use basic Bollinger Band and EMAs as support and resistance.

Price hitting the Bollinger Band when RS_GROUP_XXX peaks over 80 or under 20 seems a really solid reversal entry. Might mitigate some of those "entering too early" situations...

By the way, when did the calculations for the RS_GROUP_XXX indicators change? I must have missed that explanation. As you can see the two version give very different signals. The smoothing seems different too. Kind of "tighter".

I'm intrigued as to how people would have therefore traded A & B. "A" gives just touches to the smoothing line, whereas "B" gives definite crosses. I can't remember if A crossed in real time and then re-painted.
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  • #1,690
  • Dec 10, 2008 6:15pm Dec 10, 2008 6:15pm
difference is around 10 now in JPY group.

and i like to use this message to thanks KG for the update too.
  • #1,691
  • Dec 10, 2008 6:26pm Dec 10, 2008 6:26pm
Quoting giraia_br
difference is around 10 now in JPY group.

and i like to use this message to thanks KG for the update too.
Your welcome giraia_br,

Yes.. my sell already green now...

Regards,

KG
  • #1,692
  • Dec 10, 2008 6:50pm Dec 10, 2008 6:50pm
Quoting Kang_Gun
Your welcome giraia_br,

Yes.. my sell already green now...

Regards,

KG
Looked good, but starting to fall?

Eddie
  • #1,693
  • Dec 10, 2008 9:12pm Dec 10, 2008 9:12pm
Entry Exit and Profit

Next time Planning to use .02 lot size

Close .01 at 50 % profit from the original Investment

Keep .01 at BE and will see how far it will go
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  • #1,694
  • Dec 10, 2008 10:42pm Dec 10, 2008 10:42pm
Quoting RaR
yesterday manual test results mainly on usd group. 2 account. Based on line pointing and line crossing (+ vs -), Kg RS Group only.
.....
To: RaR
Hello Pak RaR'
I'm observing your observation on trading single pair using KG RS GROUP and really want to studying it furthermore. I'm curious about your TP, from what I see looks like its random between 10-30 pips and there is also one TP in 94 pips. If you don't mind would you like sharing what came into your decision in determine your TP

http://i34.tinypic.com/37kn7.png

thank you in advance.
  • #1,695
  • Dec 11, 2008 12:09am Dec 11, 2008 12:09am
Quoting elchoco
I think like everyone else here we're all still refining our personal rules. After todays poor entry on USD-JPY I will enter the whole basket only at the cross of the RS_GROUP_JPY so long as it's under 20 (going up ie SELL xxx/JPY) or over 80 (coming down ie BUY xxx/JPY).

Maybe it happens 2-3 times a day.

Will also try and remember to look for eddies 10 filter

Need to look at the position size % so the drawdown doesn't freak me out. Wth the whole basket running and some largish opening spreads it can quickly mount up. I'll start with a larger...
Thank you Elchoco
  • #1,696
  • Edited 3:52am Dec 11, 2008 1:00am | Edited 3:52am
Quoting Anggara
To: RaR
Hello Pak RaR'
I'm observing your observation on trading single pair using KG RS GROUP and really want to studying it furthermore. I'm curious about your TP, from what I see looks like its random between 10-30 pips and there is also one TP in 94 pips. If you don't mind would you like sharing what came into your decision in determine your TP


thank you in advance.
Halo Anggara, salam..

As i've mentioned on post before that one, i considered that as a fail test according to what rules i set for that test... my test supposed to be based on KG_RS only for entry and exit, but i couldn't keep my eyes off the chart, so some trades there (especially for the exit) were mix with my own understanding on price movement... basically it's the same thing with what you have learned from Mr. KG, only i see MA's and Boundary or limits, through 'naked' candle formation and TF(except on certain conditions i add my own version of bands).. you are right about 10-30 tp, mostly my test rules tp setted at 10 pps, got more when i saw the us/jpy still at the same area as before (still in weak/strong zone) and so as the currencies against them.

I'd like to do more test using different rules but going to need EA that close all positions when the total pips gain reached.. you see the strenght changed so many times.. if i am going to just jump in base on that, there'll be lots of hedging... but we (me and KG) found that it could still gain positive in total (green trades - red trades = positive). This set is just for testing purposed only, i'd like to find out this tools potential in any conditions.

May 'GGH' always on you..
RaR

(btw: we've (KG & me) met during iedul adha holiday.. ... i think this could be an earlier frame to see next movement of price (same with what eddie have mentioned earlier waaay back to the beginning of this thread)...'cause its sensitifity to detect strenght... but needs more data/input on the system, but thats the goal KG's starting this thread, and i that's our goal too...)
  • #1,697
  • Dec 11, 2008 2:50am Dec 11, 2008 2:50am
first basket of the day, working at lowering lot% to give acceptable DD.

So, Max DD around 1% before turning round and giving me 0.6% proft. Not a great R/R, and I should have held out for more as the price then continued south a LOOOOONG way. I also had to go leave for the office, so felt a bit pressuered to close. That's my excuse.

Oh well, mission accomplished on the DD and a strong entry.

I have to say that, looking at the individual price action of each currency, that some of these trades I would NEVER have taken normally. They all looked very long at entry. Uncanny!

Trade Duration approx 30 mins.
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  • #1,698
  • Dec 11, 2008 2:55am Dec 11, 2008 2:55am
Perfect picture
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  • #1,699
  • Dec 11, 2008 4:26am Dec 11, 2008 4:26am
Quoting harigp
Perfect picture
It is.

..and when other pairs pointing down inside the weak zone.
  • #1,700
  • Dec 11, 2008 5:29am Dec 11, 2008 5:29am
Quoting RaR
It is.

..and when other pairs pointing down inside the weak zone.
Met sore pak RaR'

when I observing KG RS GROUP at the first time I combine it with S/R and KG Level, usually I look for the S/R area and determine which level to fade using KG RS GROUP and it did great for mostly >50 pips gain ...
when I see your post I was thinking what about if we just jump based KG RS GROUP, since it is changing per tick, I think maybe we can set a settled TP, 10-20 pips only, if in the end of the day we still have positive pips like what you found, I think we had an alternative to do a basket trade, especially for only 200$-500$ balance...

actually I plan to do some test using your rules this uero session, but I had a headache this noon, looks like I catch a 'masuk angin' because of to many 'begadang' hehehe, so I will leave it for tomorrow...and try to rest this night

thank you for your share and information, waiting forward your next test result
Salam 'Got Green Huh'

anggara
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