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Relative Strength Basket Trading System

  • #1,801
  • Dec 14, 2008 1:33pm Dec 14, 2008 1:33pm
Quoting jeff jordan
gav,
what kind of trading are you trying to enter now?? the market has not open yet!!!
not a real trade , only to see it's response.
Did you save them as an indicator?
Because they aren't on the list of the indicators
  • #1,802
  • Dec 14, 2008 2:04pm Dec 14, 2008 2:04pm
Quoting gav
not a real trade , only to see it's response.
Did you save them as an indicator?
Because they aren't on the list of the indicators
gav,
save them in a folder, then copy them. go to my computer drive c, program files then your broker. open experts- paste them there, then open indicators and past them there. restart your station, go to indicators, custom, click the indicator and that is it.
  • #1,803
  • Dec 14, 2008 2:06pm Dec 14, 2008 2:06pm
salam harigp, it was a long holiday, now to work our moderator! I am about to go live trading, we need to come up with some thing descent, you know what I mean!
  • #1,804
  • Dec 14, 2008 2:25pm Dec 14, 2008 2:25pm
hi

Jordon

I am suppose to make one summary on saturday, Then I have seen some new members coming up with some ideas. You can expect my summary
by end of Monday evening

I am going to have three more holidays starting from tuesday and Lot
of time will be spend on forex
  • #1,805
  • Dec 14, 2008 3:16pm Dec 14, 2008 3:16pm
S/R Analysis with KG System

I am attaching two graphs of gj 4 Hours and 1 hour time frame

In the four hour time frame I have marked in Horizontel line 3 High and
one lower low . you can see the trend of gj was decling from line 1 till line 3
In line three the the price was 138.18

The Four hour time frame graph was flipped to 1 Hour time frame where you
can see the gj was not able to break the price of 138.18 for longer time
and at the end you can see the massive fall.

From Friday onwards the price again started to move to the direction of 138.18

The same movement you can see in other JPY pairs

I personely gained 200 pip on .05 lot on by keeping the contract from thursday night till friday morning from the massive fall

The reason for this post is that we have to look into the longterm trend also
and what will be the likely direction of JPY pairs on long term
Longterm for a day or little more than a day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj4 hour chart.gif Size: 24 KB
Click to Enlarge Name: gj4 hour one hour chart.gif Size: 25 KB
  • #1,806
  • Edited 6:44pm Dec 14, 2008 6:44pm | Edited 6:44pm
0.01 lots, this is the trade from Friday that was going bad at the close......

Held all weekend, I put 100 pip SL's on the trade just in case.

3 pairs got hit then I lost my bottle and couldn't see the point of holding the rest open.

A massive loss against and account balance of £230 > -£88.88!

It was looking to recover at -£50.00 but all now looks strong.

############################################
For the rest of this week I will ONLY trade the direction of the JPY in addition to all other rules. There is no point trading against the overall JPY trend.
############################################

For the time being I see the JPY fading (WEAK) in general terms.

Can I ask where you guys look for the overall JPY strength?

Eddie
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14122008_1852.gif Size: 93 KB
Click to Enlarge Name: 15122008_0033.gif Size: 55 KB
  • #1,807
  • Dec 14, 2008 7:37pm Dec 14, 2008 7:37pm
Quoting jeff jordan
gav,
save them in a folder, then copy them. go to my computer drive c, program files then your broker. open experts- paste them there, then open indicators and past them there. restart your station, go to indicators, custom, click the indicator and that is it.
you are kidding, right??? How far are you going to help this guy/girl???

he is asking about indicators that can easily found in the paper clip button, than don't know how to unzip, then wants to see it in his indicators list... i can believe it...
  • #1,808
  • Dec 14, 2008 11:19pm Dec 14, 2008 11:19pm
Quoting Kang_Gun
Interesting dracozny,

Could you post a chart in detail how is your strategy?

Thanks

KG
fairly new method only tested thursday after watching charts over the week.
I will try and post more details in near future
  • #1,809
  • Dec 15, 2008 1:03am Dec 15, 2008 1:03am
Quoting giraia_br
you are kidding, right??? How far are you going to help this guy/girl???

he is asking about indicators that can easily found in the paper clip button, than don't know how to unzip, then wants to see it in his indicators list... i can believe it...
Mr Giraia I a not stupid as you think , have put at list 50 indicators into metatrade but this indicators stuck my metatrade.
By the way I am a lady .
  • #1,810
  • Dec 15, 2008 2:21am Dec 15, 2008 2:21am
Quoting giraia_br
you are kidding, right??? How far are you going to help this guy/girl???

he is asking about indicators that can easily found in the paper clip button, than don't know how to unzip, then wants to see it in his indicators list... i can believe it...
hi giraia,
I will help as far as I can and until our friend is on the right track, this is our culture, I am sorry if this bothers you, I might have to find other way to help next time!
  • #1,811
  • Dec 15, 2008 2:40am Dec 15, 2008 2:40am
Quoting jeff jordan
hi giraia,
I will help as far as I can and until our friend is on the right track, this is our culture, I am sorry if this bothers you, I might have to find other way to help next time!
Thank's alot Jeff for your help.
I did as you said , but I can't find the indicators on my list .
  • #1,812
  • Dec 15, 2008 2:53am Dec 15, 2008 2:53am
Quoting gav
Thank's alot Jeff for your help.
I did as you said , but I can't find the indicators on my list .
gav, Just a 'maybe'.... that you may have saved them to a different demo account with the same broker? It happened to me before.
  • #1,813
  • Dec 15, 2008 3:04am Dec 15, 2008 3:04am
Quoting goldcourse
gav, Just a 'maybe'.... that you may have saved them to a different demo account with the same broker? It happened to me before.
I don't use demo , trade with a small lot.
Can you send your templat , maybe it will help me ?
  • #1,814
  • Dec 15, 2008 4:25am Dec 15, 2008 4:25am
First contract
Attached Image (click to enlarge)
Click to Enlarge Name: kg.gif Size: 50 KB
  • #1,815
  • Dec 15, 2008 4:59am Dec 15, 2008 4:59am
Quoting jeff jordan
hi giraia,
I will help as far as I can and until our friend is on the right track, this is our culture, I am sorry if this bothers you, I might have to find other way to help next time!
imagine what will happen if all non trade relatated questions are answered... The people that wants help with trading will not get the help they want, i suppose.

but ok, sorry. I am done.
  • #1,816
  • Dec 15, 2008 5:06am Dec 15, 2008 5:06am
Quoting harigp
First contract
Are you still in this as it is weakening and about to turn I think?

Eddie
  • #1,817
  • Dec 15, 2008 5:18am Dec 15, 2008 5:18am

Would be nice if we can keep the chat to trade related otherwise this tread will simply die out as others have.

---------------------------------------------------------------------

It stands to reason that as everything is provided in the paper clip, items have version numbers and when something is posted there is "chat" about it that by reading the information and thoughts of other that all the information is provided. (well at least everything is there that the rest of us have)

Many of the questions seem to be about how to download and install scripts, EA's and Indis'.

If you have problems with this then please Google for guides on how to use. I found the following doing a quick Google.....

http://www.forexfactory.com/showthread.php?t=4497 - MT4 Indicators Usage Tutorial/MQL4 Reference Documents

------------------------------------------------

http://www.google.co.uk/search?hl=en...G=Search&meta=

There are also many requests to "just post the template". Unfortunately this is usually one of the first things someone who is desperate to find the "magic formula" asks. (read that again please, this is based on a long tern experience of many traders, and is fact rather than opioion)

The aim is always to teach people how to learn what they need to grow as a trader, to get better at it and hold on to their money longer. Showing someone too much isn't always in THEIR best interests and not even knowing how to set the chart up is like saying I know how to drive but can you open the doors for me please as I dont know how!

Now back to trading if we may.

Eddie
  • #1,818
  • Dec 15, 2008 5:27am Dec 15, 2008 5:27am
HI Eddie

I am still in that contract. could have got out with 50 % profit but keeping it
  • #1,819
  • Dec 15, 2008 5:58am Dec 15, 2008 5:58am
Yes, Eddie.. and let's get the track back...

As i remembered this thread aim for fix basket trading rules and system so then later it can be an automatic, thats why the thread starter inviting programmers...

lately, it's developing into individual/single traded system... i believe everyone has come up with their own rules using this as an indicator for single pair trading... but i believe this is supposed to be basket trading.

well, this is just because i am a bit worried as i'm expecting so much from what thread starter aim in 1st post.

Regards,
RaR
  • #1,820
  • Dec 15, 2008 6:31am Dec 15, 2008 6:31am
Quoting RaR
Yes, Eddie.. and let's get the track back...

As I remembered this thread aim for fix basket trading rules and system so then later it can be an automatic, thats why the thread starter inviting programmers...

lately, it's developing into individual/single traded system... i believe everyone has come up with their own rules using this as an indicator for single pair trading... but i believe this is supposed to be basket trading.

well, this is just because i am a bit worried as i'm expecting so much from what thread starter aim in 1st post.

Regards,
RaR...
erm... not as I understand it.

The thread is developing and Harigp is putting together a summary of the entry ans exits we have all been using over the last 2 weeks, so that we can further test and refine. (due to be posted tonight)

KG is coding an indi to show the STRONG/WEAK for all JPY pairs based on on screen having now added in the +/- 10 Rule

This may result in partial basket trades being taken rather then full - we haven't used/tested yet so I cant say.

All is still in early stages and result seem to be massive either way (big gains, big losses).

Trades are still being posted along with screen shots so that other can draw conclusions from these. Both demo and real (mini/micro) trades are happening.



Eddie
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