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Relative Strength Basket Trading System

  • #1,861
  • Dec 15, 2008 11:34pm Dec 15, 2008 11:34pm
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 run.[*]Download and...
Hey bud, I'll try out the EA, thanks. Noticed a problem though, the EA opened a Basket and I closed the platform and re-opened it and the EA opened another Basket 6 WEAK and 6 STRONG. Just wondering if you can fix that, or is that what it was supposed to do? (6 of each)
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,862
  • Dec 15, 2008 11:50pm Dec 15, 2008 11:50pm
EA

I had the Sell contract which has reached 50 % profit and as soon as the jpy
became 75 the ea opened buy contract
  • #1,863
  • Dec 16, 2008 12:38am Dec 16, 2008 12:38am
  •  bengong
  • | Joined Jun 2008 | Status: oalaaaahhhhhhhhh yo yoooooooo...... | 38 Posts
steve new ea have nice result so far.... 2 selling xxx/jpy pairs hits tp, 1 buy xxx/jpy still in progress, here's the the basket contract in time order...

1. 2008.12.15 22:37 open strong jpy basket, hit tp at 2008.12.16 02:06
2. 2008.12.16 02:00 open weak jpy basket, still floating until now
3. 2008.12.16 04:00 open strong jpy basket, hit tp at 2008.12.16 08:17

all set using orginal preset from steve....
  • #1,864
  • Dec 16, 2008 12:41am Dec 16, 2008 12:41am
harigp, masterly summary of the rules as developed so far. Thanks.

Re the ea opening a buy contract as soon as the JPY strength reached 75, that is what it is supposed to do. I have noticed that the strength tends to change direction at 75\25, so the ea is programmed to do this. Up to now, such contradictory positions entered manually have worked themselves out.

matrixiebiz, you seem to have found a bug. I have noticed the screen value of JPY strength shown by the ea on startup is often very different to the actual value, and it takes a few seconds to catch up and display correctly.

I have noticed a drastic slow down in computer speed, when I first fire up a demo with KG RS GROUP loaded, so I assume it takes a few seconds to calculate the correct values for the currencies. If the ea mistakenly thinks the value is high enough at start up trigger a buy basket, it will do so. If subsequent calculations by the indi show a 'real' strength low enough to trigger a sell basket, it will do so, leaving us with conflicting open baskets.

Maybe I should code in a sleep period of, say, one minute when the ea initialises, to give the indi a chance to wake up, have a coffee, and get going?

  • #1,865
  • Dec 16, 2008 12:50am Dec 16, 2008 12:50am
Hi steve

Thanks

I think when we go for live we should increase the level above 85
and below 25 to reduce the DD

Any way you have given the option and it is up to us to make the choice

Great EA
  • #1,866
  • Dec 16, 2008 1:49am Dec 16, 2008 1:49am
Quoting harigp
Hi steve

Thanks

I think when we go for live we should increase the level above 85
and below 25 to reduce the DD

Any way you have given the option and it is up to us to make the choice

Great EA
your math is off if you were keeping it proportional but i prefer 90 and 10.
watching things i also prefer it to be >90 or <10 on the previous bar and <90 or >10 on the current bar for entry.
  • #1,867
  • Dec 16, 2008 1:50am Dec 16, 2008 1:50am
Hi

Before starting the day with EA and to set the Trade Level for S/W

Study the GJ o any JPY chart to know the trend for the day buy using
the S/R level

Based on that you may have to increase the level may be 75 and above
or 25 and below
  • #1,868
  • Dec 16, 2008 1:51am Dec 16, 2008 1:51am
Quoting harigp
I Have made the first Draft Summary for entry and exit based on the post
so far received.

The Summary is in Excel Sheet Zip File

I hope I made some sense in the summary report

Post Results using Steve EA using Different levels
Hari,

Thank you very much... you have make us easier to follow the development here......

Regards,

KG
  • #1,869
  • Dec 16, 2008 1:59am Dec 16, 2008 1:59am
Dear All,

We have already have a new EA created by Stevehopwood. What we need to do is forward testing this EA using different different set up on your demo account or mini/micro account. I believe we all have a different view how to use this basket trading system, and luckily Steve already give us an option to choose the weak and strength level. Please, play with this.. post your setup and the results so we could analyze it together again...

And i believe, Matrixebiz will come with the other EA.. so, in the next days will be busy for all of us to test all the EA made for this basket trading system...

Regards,

KG
  • #1,870
  • Dec 16, 2008 4:13am Dec 16, 2008 4:13am
on Steve's EA I got this error message:

2008.12.16 11:09:31 KG RS GROUP GBPJPY,H1: unknown subwindow number -1 for ObjectCreate function

Anyone know how to solve it? Trades are placed, so I do not think it influences the trading. But still I would like to solve it.

All the needed indicators are in the indicator folder.
  • #1,871
  • Dec 16, 2008 6:11am Dec 16, 2008 6:11am
Quoting WillemM
on Steve's EA I got this error message:

2008.12.16 11:09:31 KG RS GROUP GBPJPY,H1: unknown subwindow number -1 for ObjectCreate function

Anyone know how to solve it? Trades are placed, so I do not think it influences the trading. But still I would like to solve it.

All the needed indicators are in the indicator folder.
I speak under correction here but i think it is when you do NOT have the KR RS GROUP indicator on the chart the error shows up. It does not have to be there but placing it would make the error dissapear

Hope this helps
  • #1,872
  • Dec 16, 2008 10:23am Dec 16, 2008 10:23am
I have several profiles set up in Metrader, each with three charts (month, weekly, daily and 4 hr chart). Each of these charts has a RS_Group indicator applied. Even with a direct connection to the internet I've noticed that it takes forever for the 4 hour chart to update the calculations for the bar just completed. For example, with my broker the 8:00gmt 4 hour bar closed at 6am. When I turned on the computer at 7:15 am the RS value for that bar was at a certain value. Just before leaving for work at 7:45 I checked the computer again and the value for that same 4 hour bar had changed. In other words, it took at least 30 minutes (7:45-7:15)...perhaps longer for the calculations to update. I need some suggestions on how to get these indicators to update on the close of the bar.

I would appreciate any suggestions as to how I can get these charts to update accurately on the close of a bar, regardless of time frame. Thanks in advance.

Max
  • #1,873
  • Dec 16, 2008 10:55am Dec 16, 2008 10:55am
Hai guys.. this EA blown my account .. any tips ? when should I run the EA ? any particular timing ?
  • #1,874
  • Dec 16, 2008 10:56am Dec 16, 2008 10:56am
Quoting Kang_Gun
Dear All,

We have already have a new EA created by Stevehopwood. What we need to do is forward testing this EA using different different set up on your demo account or mini/micro account. I believe we all have a different view how to use this basket trading system, and luckily Steve already give us an option to choose the weak and strength level. Please, play with this.. post your setup and the results so we could analyze it together again...

And i believe, Matrixebiz will come with the other EA.. so, in the next days will be busy for all of...
Yes, my EA is pretty much ready but it doesn't necessarily trade the whole basket at one time, sorry.
What mine does is check the Strong and Weak currencies using the RS_GROUP_XXX V1.2 indicators and checks for signals based on the difference principal, if the White and Red lines of the Previous bar and Current bar are different by a user determined amount will initiate the trades matching Strong currencies with Weak e.g. if JPY is Strong and USD is Weak EA will Sell USDJPY.
I'll post it here on the Weekend if anyone is interested and wants to test it out for next week.

Matrixebiz
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,875
  • Dec 16, 2008 11:23am Dec 16, 2008 11:23am
Quoting matrixebiz
Yes, my EA is pretty much ready but it doesn't necessarily trade the whole basket at one time, sorry.
What mine does is check the Strong and Weak currencies using the RS_GROUP_XXX V1.2 indicators and checks for signals based on the difference principal, if the White and Red lines of the Previous bar and Current bar are different by a user determined amount will initiate the trades matching Strong currencies with Weak e.g. if JPY is Strong and USD is Weak EA will Sell USDJPY.
I'll post it here on the Weekend if anyone is interested and wants to...
anything that gives greater control on entry and exit is appreciated as the rules on these are yet to be finalized.

also by then a lot of testing will have been conducted on Steves brilliant new EA that is not resource hungry too.
  • #1,876
  • Dec 16, 2008 12:07pm Dec 16, 2008 12:07pm
Quoting matrixebiz
Yes, my EA is pretty much ready but it doesn't necessarily trade the whole basket at one time, sorry.
What mine does is check the Strong and Weak currencies using the RS_GROUP_XXX V1.2 indicators and checks for signals based on the difference principal, if the White and Red lines of the Previous bar and Current bar are different by a user determined amount will initiate the trades matching Strong currencies with Weak e.g. if JPY is Strong and USD is Weak EA will Sell USDJPY.
I'll post it here on the Weekend if anyone is interested and wants to...
Yes please. Anything that adds to our trading weaponry has to be a good thing.

  • #1,877
  • Dec 16, 2008 12:18pm Dec 16, 2008 12:18pm
Quoting SteveHopwood
Yes please. Anything that adds to our trading weaponry has to be a good thing.

Steve

All set up all running.

Opened a trade almost straight away which has got into trouble straight away!

I note a post a few above where a the poster has said "this EA has blow my account". Now with out knowing if he has set up right and as I haven't seen much posting from the member I cant assume this is down to the EA..... but my first use of the system worries my slightly.

This is what you were trading last week with positive results, right?

Eddie
  • #1,878
  • Dec 16, 2008 12:19pm Dec 16, 2008 12:19pm
Sorry for got screen shots...... the difference is 3 minutes!

Eddie
Attached Image(s) (click to enlarge)
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  • #1,879
  • Dec 16, 2008 12:59pm Dec 16, 2008 12:59pm
Quoting eddiemiller
Steve

All set up all running.

Opened a trade almost straight away which has got into trouble straight away!

I note a post a few above where a the poster has said "this EA has blow my account". Now with out knowing if he has set up right and as I haven't seen much posting from the member I cant assume this is down to the EA..... but my first use of the system worries my slightly.

This is what you were trading last week with positive results, right?

Eddie
Yep, Eddie, it sure is, as per my post when I offered the ea for general use.

I am trading exactly the same parameters live this week as last - just as successfully.

Drawdown happens. Mine is never dangerous because I am not over-leveraged. You are for sure, and I would be amazed if your account survived trading the ea at anything less than 90\10.

The bug that matrixebiz found apart, the ea seems to be working properly but I am not letting it loose on my live account just yet. When I do, I shall probably set it to 80\20 as I shall not have to sit staring at the screen, waiting for the indi to hit these levels. Boredom leads to dd so far as I am concerned.

  • #1,880
  • Dec 16, 2008 1:10pm Dec 16, 2008 1:10pm
Steve,

thanks for letting me know.

I did change the setting (after first trade opened) to 90/10.

Leverage is getting changed now - can you suggest what level you think is appropriate with what I have? Current is 1:200

I am also thinking it may be worth ME filtering out some of the trade (GBPJPY for example) as the bigger spreads seem worst?

Eddie
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