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Relative Strength Basket Trading System

  • #1,821
  • Dec 15, 2008 7:03am Dec 15, 2008 7:03am
Quoting eddiemiller
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,...
I know... and i'm not referring to you, hari, steve, matrix and others constantly been in here... (i've been following this since the beginning).. like i said, i'm just a bit worry, seen some post preferring to use this like single pair trading system.. i'm aware that it's their right to do so btw...

Well, i've been expecting moderator releasing the summary... and hopely temporary rules for basket to test together can be launched shortly after...

regards,
  • #1,822
  • Dec 15, 2008 9:03am Dec 15, 2008 9:03am
Reering to my post 1805 Line number 3 is touched and JPY basket buy
excuted this midafternoon is closed with 100 profit

Seems to be a good SR system
  • #1,823
  • Dec 15, 2008 10:31am Dec 15, 2008 10:31am
I have the above ind on the 1H USD/JPY chart with the 7 RS_GROUP_xxx v1.2 indicators. All the individual indicators have the lines and difference numbers but the KG RS TREND only has 7 rows and colums of arrows pointing right and left. I have already removes and reloaded the indicator but it still has the arrows. Any help appreciated. Thanks Paul
  • #1,824
  • Dec 15, 2008 11:18am Dec 15, 2008 11:18am
Hi Guys

The summary first draft is ready and I have typed in Excel Sheet due to
the length.Allow me to look into my draft fresh one more time to make sure
that all the areas are properly covered

Thank You for patience
  • #1,825
  • Dec 15, 2008 11:19am Dec 15, 2008 11:19am
  •  bengong
  • | Joined Jun 2008 | Status: oalaaaahhhhhhhhh yo yoooooooo...... | 38 Posts
Quoting plind
I have the above ind on the 1H USD/JPY chart with the 7 RS_GROUP_xxx v1.2 indicators. All the individual indicators have the lines and difference numbers but the KG RS TREND only has 7 rows and colums of arrows pointing right and left. I have already removes and reloaded the indicator but it still has the arrows. Any help appreciated. Thanks Paul
i think u need to put formula 2 mtf.ex4 in ur experts/indicators folder to make it works. btw, this thread is already in a phase that rs groups xxx and kg rs groups is the only indicators wes using right now and replacing all other indicators.....
  • #1,826
  • Dec 15, 2008 11:20am Dec 15, 2008 11:20am
Ok guys, here is one for you to play with.

KG Basket Range EA automates trading at the extremes of the range - I like to go Weak for a $1 tp at 75, and Strong for a $2 tp at 25. Elchoco prefers 8020.

Here is what to do:

  1. Set up a new demo.
  2. Open 3 GBPJPY 1h charts (use GBPJPY because of the volatility of this pair).
  3. Copy KG RS GROUP into the Indicators folder. You don't need it on the chart, just in the folder. The indi is a resource hogger, so the fewer instances you can have open, the better your computer will run.
  4. Download and save the attached zip file.
  5. Unzip Multi purpose trade manager and KG basket range trading to the Experts folder.
  6. Unzip the two set files to the ExpertsPresets folder.
  7. Shutdown and restart your trading platform.
  8. Drag an instance of KG basket range trading onto a chart. You will need to look at these settings in the Inputs tab:

    1. Lots: set this to suit yourself. I am trading an IBFX mini account, which allows nano-lot trading at 1 pip = 1 cent. At this level of risk, 0.01 lots per $100 of balance seems safe so far. If your broker does not allow nano lots and 1 pip = 10 cents, then I suggest 0.01 lots per $1,000 balance.
    2. WeakEntry and StrongEntry settings: adjust these if you want lower risk of drawdown.
    3. PairSuffix: you only want this to contain an 'm' if you trade and IBFX mini-account. Remove it if not.
    4. Set to 'true' all the pairs you want to trade against JPY. NOn-IBFX accounts will need to have CADJPY set to true.

  9. Drag separate instances of the trade manager onto a different chart.

    1. Load one with the 'kg manage basket strong' preset.
    2. Load the second with the 'kg manage basket weak' preset.

  10. Sit back and watch.

The trading ea has no management capabilities, so you need the trade manager unless you want to sit at the computer watching the trades. If you are unable to use the trade manager, then you probably cannot use the trading ea. Please do not ask questions about the management ea in this thread; I shall not answer them.

I am not trading this ea live yet, even though I am trading the strategy which is:

  1. Enter a Weak basket when JPY strength rises above 75. Tp $1.
  2. Enter a Strong basket when JPY strength falls below 25. Tp $2.

The difference between the two tp's represents the longer-term strength of JPY; I feel move confident backing it to rise.

I shall start using the trading EA live when I am sure it works properly. It has done so on demo so far.

Have fun, guys.

Attached File(s)
File Type: zip KG Basket Range EA.zip   25 KB | 3,853 downloads
  • #1,827
  • Dec 15, 2008 11:51am Dec 15, 2008 11:51am
Steve,

Your post is like coming home and finding a MASSIVE Xmas present under the tree!!!!

I can just Imagine all those happy little faces.

One question:

Quoting SteveHopwood

  1. Enter a Weak basket when JPY strength rises above 75. Tp $1.
  2. Enter a Strong basket when JPY strength falls below 25. Tp $2.

So, you enter a weak basket when JPY strength rises ABOVE 75 ??? Doesn't this leave you vulnerable to huge drawdowns?? I think I would at least wait for it to turn once it's hit this level otherwise I feel it could just keep going on and on and on..... Interesting that it seems to be working for you though!

Thank you Santa.
  • #1,828
  • Dec 15, 2008 12:51pm Dec 15, 2008 12:51pm
Quoting elchoco
Steve,

Your post is like coming home and finding a MASSIVE Xmas present under the tree!!!!

I can just Imagine all those happy little faces.

One question:



So, you enter a weak basket when JPY strength rises ABOVE 75 ??? Doesn't this leave you vulnerable to huge drawdowns?? I think I would at least wait for it to turn once it's hit this level otherwise I feel it could just keep going on and on and on..... Interesting that it seems to be working for you though!

Thank you Santa.
Hehe. My pleasure.

Yes, my thoughts turn to ways in which the ea can recognise that the price has turned. My method does lead to dd - got a Strong basket open right now that is c.230 pips into dd. I am happier with this than I would be at the other end of the scale, but basically don't worry too much. The basket has to reach -1200 to reach even a 10% dd.

Last week, opening Strong baskets when JPY fell below 25%, I had three of them open at one stage, yet the dd never passed 25% of the balance. JPY subsequently topped 75%, so I took out a weak basket.

I went to bed on Thursday night with 3 Strong and 1 Weak basket all open at the same time.

I awoke on Friday to find them all closed. Phew.

  • #1,829
  • Dec 15, 2008 12:54pm Dec 15, 2008 12:54pm
Hi steve

thanks for the EA

Shoud the KG manage weak and strong shoud go to the expert script or under EA

i copied in both section but seems not appearing in the list
  • #1,830
  • Dec 15, 2008 1:21pm Dec 15, 2008 1:21pm
hi steve

ok now i understood
  • #1,831
  • Dec 15, 2008 1:41pm Dec 15, 2008 1:41pm
Hi Jeff

Have you copied the steve Ea

I have done it but it keep asking alert opening strong basket but
it is not opening automaticlly
  • #1,832
  • Dec 15, 2008 1:53pm Dec 15, 2008 1:53pm
Quoting harigp
hi steve

ok now i understood
So, what was the trick, harigp? tell us please!
  • #1,833
  • Dec 15, 2008 1:57pm Dec 15, 2008 1:57pm
Quoting harigp
Hi Jeff

Have you copied the steve Ea

I have done it but it keep asking alert opening strong basket but
it is not opening automaticlly
Sorry, I have not seen this message prior to asking you!
Yes, I did, but I have the same problem, I can not see them on the list!!!
  • #1,834
  • Dec 15, 2008 2:06pm Dec 15, 2008 2:06pm
Quoting SteveHopwood
Ok guys, here is one for you to play with.

KG Basket Range EA automates trading at the extremes of the range - I like to go Weak for a $1 tp at 75, and Strong for a $2 tp at 25. Elchoco prefers 8020.

Here is what to do:[list][*]Set up a new demo.[*]Open 3 GBPJPY 1h charts (use GBPJPY because of the volatility of this pair).[*]Copy KG RS GROUP into the Indicators folder. You don't need it on the chart, just in the folder. The indi is a resource hogger, so the fewer instances you can have open, the better your computer will...
Dear Steve

would you please kindly attache the latest V of (Copy KG RS GROUP )

Your help is highly appreciated.
  • #1,835
  • Dec 15, 2008 2:08pm Dec 15, 2008 2:08pm
Hi

I had the same problem...removed the M suffix from the ea setup. Traded immediately.
  • #1,836
  • Dec 15, 2008 2:11pm Dec 15, 2008 2:11pm
HI Jeff

What I have understood is as follows

gj 1 hour chart : copy the trade managment EA for profit

GJ 1 hour Chart : Attach the EA for weak set to true and strong set to false in the input section of the EA

GJ 1 hour chart: Attach The EA for strong set to true and weak set to false

The Zip file save and extract and copy under metatrader/expert/present

steve

Is the above correct
  • #1,837
  • Dec 15, 2008 2:14pm Dec 15, 2008 2:14pm
Hi Moolah

What you have typed by removing the M
  • #1,838
  • Dec 15, 2008 2:16pm Dec 15, 2008 2:16pm
Hi Jeff

Follow what I have said in the post just now and in the input section
under prefix just remove do not type anything and say OK

Now it worked for me

Thanks Moolah
  • #1,839
  • Dec 15, 2008 2:17pm Dec 15, 2008 2:17pm
Quoting harigp
HI Jeff

What I have understood is as follows

gj 1 hour chart : copy the trade managment EA for profit

GJ 1 hour Chart : Attach the EA for weak set to true and strong set to false in the input section of the EA

GJ 1 hour chart: Attach The EA for strong set to true and weak set to false

The Zip file save and extract and copy under metatrader/expert/present

steve

Is the above correct
GPBJPY 1H - Basket range ea to chart

GPBJPY 1H - Attach management ea with weak set file

GBPJPY 1H - Attach Management ea with Strong set file

If not IBFX - remove M suffix from basket EA settings

Hope this helps.....already trading a storm here
  • #1,840
  • Dec 15, 2008 2:19pm Dec 15, 2008 2:19pm
First contract with EA

Just for fun I changed the Weak to 54 and contract opened
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