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Relative Strength Basket Trading System

  • #1,881
  • Dec 16, 2008 1:19pm Dec 16, 2008 1:19pm
Attached is the first trade using the newest "Steve's EA" (KG BASKET RANGE TRADING), it was onpened immediately after draging the EA into the chart.
This trade ended up with profit very fast.
However, I am still wondering how would kg basket strong and weak will finction (which I assume are intended for trending market, right?), may be some clarification is required from steve, please.
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  • #1,882
  • Dec 16, 2008 1:24pm Dec 16, 2008 1:24pm
Stumped me!

TP hit, basket closed.

Two things happened:

1. The close was VERY slow
2. Resulting balance is a - not a profit!

Where did I go wrong on this?

Eddie
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  • #1,883
  • Dec 16, 2008 1:29pm Dec 16, 2008 1:29pm
A second trade was successful even more than the first one and with 20 min.
However, after closing the second trade, the EA started to open and close immediately 2-3 pairs (regardless wheather they were postive or negative!!!), it just went crazy!!!
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  • #1,884
  • Dec 16, 2008 1:47pm Dec 16, 2008 1:47pm
Note that the basket consisted of 5 usd/jpy lots!!! , 1 eur/jpy and 1 gbp/jpy!!
should'nt be 7 or 6 different pairs? or it just go for the strongest that most likely to go positive?? many questions that need answers, please.
  • #1,885
  • Dec 16, 2008 1:56pm Dec 16, 2008 1:56pm
Hi Jeff

have you noticed that GJ has opened more than one time for you at the same time

Correction uj opened more than one time same time
  • #1,886
  • Dec 16, 2008 2:05pm Dec 16, 2008 2:05pm
I have the same issue

but tell now all of the trades ended TP
  • #1,887
  • Dec 16, 2008 2:08pm Dec 16, 2008 2:08pm
harigp,
neat, precise and informative summary, thanks.
  • #1,888
  • Dec 16, 2008 2:10pm Dec 16, 2008 2:10pm
Will

for the past 30 mints here is my result attached
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  • #1,889
  • Dec 16, 2008 2:17pm Dec 16, 2008 2:17pm
Quoting harigp
Hi Jeff

have you noticed that GJ has opened more than one time for you at the same time

Correction uj opened more than one time same time
Yes, same observation on the chart posted by At the best. usd/jpy is the one pair most traded (at the same time)!!
  • #1,890
  • Dec 16, 2008 3:02pm Dec 16, 2008 3:02pm
Quoting eddiemiller
Stumped me!

TP hit, basket closed.

Two things happened:

1. The close was VERY slow
2. Resulting balance is a - not a profit!

Where did I go wrong on this?

Eddie
So adding in what I posted above there seems to be some trouble either with the EA or the way we are using it.

Eddie
  • #1,891
  • Dec 16, 2008 3:27pm Dec 16, 2008 3:27pm
Quoting eddiemiller
So adding in what I posted above there seems to be some trouble either with the EA or the way we are using it.

Eddie
It is obvious that there is some trouble with many of us using the EA. Let us hope that there will be some solutions. keep working, eddie.
  • #1,892
  • Dec 16, 2008 5:07pm Dec 16, 2008 5:07pm
Quoting jeff jordan
It is obvious that there is some trouble with many of us using the EA.
Cant argue with that.

Eddie
  • #1,893
  • Dec 16, 2008 6:30pm Dec 16, 2008 6:30pm
Hey guys

With regard to the slow closure of positions, here is what the management ea does.

It calculates that the basket profit has passed the tp and so the basket should be shut down.

The ea sets a shut-down-all-trades-in-this-basket variable that tells the ea to do exactly this at every tick. This way, all trades in the basket get shut down eventually.

'Eventually' is a big word that covers a multitude of sins. The broker\platform can get in the way any time they\it choses. Delays inspired by the broker can result in the basket closing at an overall loss. Mind, it can and does, result in the basket closing at a bigger profit than originally intended. Not often, of course.

Generally, I find these interruptions to the flow of info to and from the broker to be less on my live account that on my demos. They still happen, though.

  • #1,894
  • Dec 16, 2008 6:38pm Dec 16, 2008 6:38pm
Quoting jeff jordan
A second trade was successful even more than the first one and with 20 min.
However, after closing the second trade, the EA started to open and close immediately 2-3 pairs (regardless wheather they were postive or negative!!!), it just went crazy!!!
Curious. All I can say is this has not happened on my IBFX mini accounts. I have no idea why this should happen on an Alpari account.

  • #1,895
  • Dec 16, 2008 8:13pm Dec 16, 2008 8:13pm
Don't mean to abuse posting privileges but no one has bothered to respond to my posting 9 hours ago. I just don't want it to be overlooked. I'm anxious to get this working but I'm having problems. Any help is appreciated.

Quoting maxreturn
I have several profiles set up in Metrader, each with three charts (month, weekly, daily and 4 hr chart)....
  • #1,896
  • Dec 17, 2008 4:40am Dec 17, 2008 4:40am
I have set up the EZ from Steve (with higher levels 90/10) and I have reduced on this live test account the leverage (was 1:500, now 1:100).

- I actually had no idea it was that high - is should have been reduced weeks ago - complaint on way to Alpari!

I opened a manual buy as the spike was near the top (just short of the 90 required for the script to kick) and all is going well, EXCEPT for the GBPJPY which I closed myself at -£4.43.

The GBPJPY is badly comprised to day by UK unemployment news (9:30am).

I actually took a manual trade on the USDGBP (sell) which is doing well.

This does bring me back to my idea a while back that whilst trading a basket is intended to balance the trade out this isn't always the best way to trade. If you know you are going to get trounced on one or two pair but the rest are good then why open these and introduce unnecessary risk?

KG - is it possible to get the STRONG/WEAK for each pair (with the 10 rule, or what ever number you decide to use - user defined feild?) all on one screen (like you did for RS_Group) so that we can see in one place at one time what is what?
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  • #1,897
  • Dec 17, 2008 5:37am Dec 17, 2008 5:37am
Still going good.

I was right to remove the GBPJPY basket as it continues to fall.

(the extra trade USDGBP is also going good)

Profit locked in at £5.00

Eddie
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  • #1,898
  • Dec 17, 2008 6:11am Dec 17, 2008 6:11am
Closed off the basket at the reverse for + £ 2.20 (32 pips)

Eddie
  • #1,899
  • Dec 17, 2008 7:31am Dec 17, 2008 7:31am
Contract booked at level 64 buy

Not going good

Expected Profit Locked $ 20
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  • #1,900
  • Dec 17, 2008 8:18am Dec 17, 2008 8:18am
Nice trade Eddie.

Attached is a version of the EA that will sleep at startup, for the number of minutes in the SleepMinsAtStartup input. This should overcome the problem of the ea working with out-of-date figures from the indi.

Remember this is compiled under build 220 of IBFX's mt4 platform - the latest build. I can only vouch for its performance using this platform. Test on demo before using it live; I am still not using it live.

Attached File(s)
File Type: ex4 KG basket range trading.ex4   11 KB | 478 downloads
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