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Relative Strength Basket Trading System

  • #1,981
  • Dec 18, 2008 11:48am Dec 18, 2008 11:48am
trade closed at +15 pips profit as i had enough - at one point it was 420 pips DOWN!

Eddie
  • #1,982
  • Dec 18, 2008 11:56am Dec 18, 2008 11:56am
Hi Eddie

I am using trade manager

The System I follow for profit

6 pair $ 36 Investment I am Locking $ 20 profit

What happend for this contract is that When I attached the trade manager
today evening the Manual confirmation box was under tick means no automatic close. In a rush I just put $ 24 and removed the tick
  • #1,983
  • Dec 18, 2008 11:59am Dec 18, 2008 11:59am
Quoting harigp
Hi Eddie

I am using trade manager

The System I follow for profit

6 pair $ 36 Investment I am Locking $ 20 profit

What happend for this contract is that When I attached the trade manager
today evening the Manual confirmation box was under tick means no automatic close. In a rush I just put $ 24 and removed the tick
I am not sure I understand:

- you are risking $36 for a $20 gain?
- You use trade manger to guide you but no close the trades on it's own


Eddie
  • #1,984
  • Dec 18, 2008 12:12pm Dec 18, 2008 12:12pm
Hi Eddie

When the Trade manger was attached to the chart this evening the box
which says " Ask manual confirmation" Tick was not removed by me and
I have not noticed it and the Profit fixed was $ 20

Since the tick was not removed and when the profit reached $ 20 the system
started to ask for each contract to close or not.

In order to go back and remove the tick I stopped the expert advisor
removed the tick went to the profit section and typed $ 24 ( no particular
reason for this figure)

It was one of Incedent today

The reason I had to attach the trade manager again was due to the removal of the chart by mistake

Coming back to Invesment vs profit you can see many post by me
Normally the target used to hit

But when I go live it could be less than this figure
  • #1,985
  • Dec 18, 2008 1:38pm Dec 18, 2008 1:38pm
Today was my first EA day, using Steve's EA for now without the manager, just closing the trades myself.

Settings 20/80.

In total it was a good day, took two baskets and made over 4% with only 1.2% max draw down. Total trading time about 3 hours. Nice

Made a mistake of closing two of the trades and had the EA reopen them straight away on the next tick. Had to wait for an hour for them to come back into profit. Note to self: Turn off the EA before closing trades if the indicator's still near the trigger zone.

I'm curious as to how to set the TP on this thing. Both baskets would have easily made 3% each if I'd let them. I'll try the manager tomorrow when I've worked out how it works. I've never seen an EA with so many options! Did I see a ReadMe file floating round at the beginning of the thread?

Incidentally, I had CAD-JPY set to TRUE, but it didn't open the pair with all the others. Happened both times. Any thoughts anyone?

Cheers Steve, happy pips to you all.
Attached Image (click to enlarge)
Click to Enlarge Name: basket5results.jpg Size: 353 KB
  • #1,986
  • Dec 18, 2008 1:38pm Dec 18, 2008 1:38pm
Today's harvest(from one demo only), trades were runing "full automatic" and unattended (most of the time)!!!LOL
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  • #1,987
  • Dec 18, 2008 1:43pm Dec 18, 2008 1:43pm
Quoting elchoco

Incidentally, I had CAD-JPY set to TRUE, but it didn't open the pair with all the others. Happened both times. Any thoughts anyone?

Cheers Steve, happy pips to you all.
I am having the same problem with CAD/JPY set to true, simply did not open at all up to now!

Jeff
  • #1,988
  • Dec 18, 2008 4:54pm Dec 18, 2008 4:54pm
Quoting jeff jordan
I am having the same problem with CAD/JPY set to true, simply did not open at all up to now!

Jeff
Jeff and elchoco, thanks for bringing this up. It sent me for a look at the source code - I had not coded the ea to trade CADJPY. I hadn't noticed because I use IBFX, who do not offer this pair so I did not expect to see trades in it.

IBFX account holders can ignore this.

Alpari and non-IBFX users can download the latest and it should trade CADJPY.


Attached File(s)
File Type: ex4 KG basket range trading V1 Alpari.ex4   12 KB | 409 downloads
File Type: ex4 KG basket range trading V1.ex4   12 KB | 419 downloads
  • #1,989
  • Dec 18, 2008 5:36pm Dec 18, 2008 5:36pm
Quoting eddiemiller
KG

All pairs?
Using the trade manager as well?
Demo?

Do you think the 10% add is based on a big run or many great trades?

Eddie
Eddie,

I trade JPY group only
No, it's real account.
Many great trade and big run.. maybe i'm just lucky yesterday.. LOL


Regards,

KG
  • #1,990
  • Dec 18, 2008 5:43pm Dec 18, 2008 5:43pm
Quoting SteveHopwood
Jeff and elchoco, thanks for bringing this up. It sent me for a look at the source code - I had not coded the ea to trade CADJPY. I hadn't noticed because I use IBFX, who do not offer this pair so I did not expect to see trades in it.

IBFX account holders can ignore this.

Alpari and non-IBFX users can download the latest and it should trade CADJPY.


Thanks again Steve,

How about the other currency setup ?
Do you plan to put all option in one EA or just separate them by groups?

I suggest just separate them by group.. so we will have JPY only EA, USD only EA, GBP only EA etc........

What do you think?

Regards,

KG
  • #1,991
  • Dec 18, 2008 6:16pm Dec 18, 2008 6:16pm
Quoting Kang_Gun
Thanks again Steve,

How about the other currency setup ?
Do you plan to put all option in one EA or just separate them by groups?

I suggest just separate them by group.. so we will have JPY only EA, USD only EA, GBP only EA etc........

What do you think?

Regards,

KG
That is my thinking also, KG.

Here is what I plan:

int start() will consist of these lines of code:
if (JpyTrigger) TradeXxxJPY()
if (UsdTrigger) TradeXxxUSD()

etc

The first thing I have to do is move the existing code that it can be called by if (JpyTrigger) TradeXxxJPY()

Once I know that works, I shall expand the ea by adapting the existing code to accommodate the new potential trades.

That is a hell of a lot of work with a shed-load of potential for bugs, so I shall roll the options out one at a time.

Chances are not much is going to happen immediately - post Christmas is when I should be able to start rolling things out. I have discovered the value to me of spending a lot of time thinking about the outline coding before actually sitting down at the editor.

  • #1,992
  • Dec 18, 2008 10:30pm Dec 18, 2008 10:30pm
The balance already grow about 20% this morning. And, sorry i couldn't post the statement because it's use real account (mini).. sorry..

I start with $2000 and now it $2411, and here is my setup:

WeakEntry: 80
StrongEntry: 20

Multipurpose_Trade_Manager EA setup:

BasketDollarTP: 50$
BasketDollarSL: 50$

i close all trade manually when i saw JPY near Strong/Weak area.
The Highest Total Floating Minus during the test is -38$...

Hope it's help,

KG
  • #1,993
  • Dec 18, 2008 10:41pm Dec 18, 2008 10:41pm
HI KG

Good performance

What is the lot size you are using and how many JPY pairs
  • #1,994
  • Dec 18, 2008 11:12pm Dec 18, 2008 11:12pm
IMHO

we shoeld know the usdjpy pair, where it's going

i use EMA to filter the direction

maybe i lost something, but when i put Steve EA, it open SELL position

btw still demo
Attached Image (click to enlarge)
Click to Enlarge Name: my setting.gif Size: 67 KB
Attached File(s)
File Type: tpl kgunbas.tpl   5 KB | 341 downloads
Simplicity your Life
  • #1,995
  • Dec 19, 2008 1:58am Dec 19, 2008 1:58am
Hi KG, Steve et al.

Perhaps I am reading it wrong, but here are some observations.

1.) The ea opens positions irrespective of Diff value - It opens longs below level 75 and shorts above 25 even when the Diff value doesnt support it. Is this right?

2) The account I am running the EA on with opening bal of 3000 now has an equity of 3065 (a little over 2%) But is also holding a drawdown of 4+ %

3) Several times the EA opened buy baskets while a previous sell basket was open with negative floats.



Quoting Kang_Gun
The balance already grow about 20% this morning. And, sorry i couldn't post the statement because it's use real account (mini).. sorry..

I start with $2000 and now it $2411, and here is my setup:

WeakEntry: 80
StrongEntry: 20

Multipurpose_Trade_Manager EA setup:

BasketDollarTP: 50$
BasketDollarSL: 50$

i close all trade manually when i saw JPY near Strong/Weak area.
The Highest Total Floating Minus during the test is -38$...

Hope it's help,

KG
  • #1,996
  • Edited 2:55am Dec 19, 2008 2:45am | Edited 2:55am
Quoting SteveHopwood
Here is what I plan:

int start() will consist of these lines of code:
if (JpyTrigger) TradeXxxJPY()
if (UsdTrigger) TradeXxxUSD()

etc
Hi Steve,

I still have reservations about always entering on the retrace as we are consistently betting against the trend.

At the beginning of the thread (anyone remember that?) there was talk of "passing 50% before entering".

I believe there might be real value in being able to open a SELL Basket as the trigger passes UP past a certain value rather than always opening a BUY Basket at what we hope is the extreme of the movement.

Being able to choose between a "trigger >=" & "trigger <=" variable would give us the option of trading in either style. Perhaps it would be easier to call it "With the trend" or "Against the trend".

Just a thought !

Edit:

Perhaps an alternative would be to only take trades in the direction of an obvious trend in the first place... This morning (GMT) all the JPY pairs were falling yet I let the EA open a Long Basket at 80. Big mistake.
  • #1,997
  • Dec 19, 2008 3:57am Dec 19, 2008 3:57am
Quoting elchoco
Hi Steve,

I still have reservations about always entering on the retrace as we are consistently betting against the trend.

At the beginning of the thread (anyone remember that?) there was talk of "passing 50% before entering".

I believe there might be real value in being able to open a SELL Basket as the trigger passes UP past a certain value rather than always opening a BUY Basket at what we hope is the extreme of the movement.

Being able to choose between a "trigger >=" & "trigger <=" variable would give us...
What you describe here, elchoco, is trading this combination of indis as KG originally intended. My ea is not written for this.

I will give some thought to incorporating your idea into the ea. I have yet to start recoding to accommodate the extra triggers, so now is the ideal time to add the funcionality if it is not going to make the coding ridiculously complicated.

I am not sure we have to be concerned with the overall direction of JPY. I am going to voice more thoughts about this over the weekend, once trading has finished for the week. I have been watching the demo with the Strong basket that I am leaving in place without interference - the same demo that has my 6 charts with KG's MA settings.

What this shows is that JPY has weakened this week. Last week, when its strength was over 75, profitability rose and topped at $4,000. This morning, JPY strength was at a whamping 96, but the demo upl was only $1,700. Yesterday, it went as low as $600.

This suggests to me that the relative strength of xxxJPY and the value of the Yen might have little to do with one another. On the international currency markets, the value of the Yen migt be falling, but if the other currencies in the basket are falling more quickly, then the Yen is becoming relatively stronger, even though its actual price is falling.

  • #1,998
  • Dec 19, 2008 4:05am Dec 19, 2008 4:05am
Quoting shiva
Hi KG, Steve et al.

Perhaps I am reading it wrong, but here are some observations.

1.) The ea opens positions irrespective of Diff value - It opens longs below level 75 and shorts above 25 even when the Diff value doesnt support it. Is this right?
The ea does not use the Diff value.

Quote
2) The account I am running the EA on with opening bal of 3000 now has an equity of 3065 (a little over 2%) But is also holding a drawdown of 4+ %
Dd happens. It would be astonishing if it didn't. The earlier you get into a basket, the greater the likely dd will be. I am entering at 8020. 9010 would cut the dd to zero most of the time, but will also dramatically cut the frequency of trading.

Quote
3) Several times the EA opened buy baskets while a previous sell basket was open with negative floats.
That is correct. If you set trade entry levels and tell the ea to trade these, then it will do so. Actually, it is rather pleasant to have two contrary baskets open - you know that one of them is going to hit its tp soon whatever happens in the markets.

  • #1,999
  • Dec 19, 2008 4:22am Dec 19, 2008 4:22am
Quoting SteveHopwood
What you describe here, elchoco, is trading this combination of indis as KG originally intended. My ea is not written for this.
OK, totally fair point.

Quoting SteveHopwood
On the international currency markets, the value of the Yen migt be falling, but if the other currencies in the basket are falling more quickly, then the Yen is becoming relatively stronger, even though its actual price is falling.
What we need is a way of seeing which is the "controlling" currency at any particular time. That was the reason for my question a week ago about "Why are we focussing on JPY??" If, in fact, the USD or EUR is making most of the waves, then we should be using that as the trigger.

When you have finished the mammoth task of recoding and we have 8 currencies to choose from as the trigger.... we will be left with the problem of deciding which one will yield us the greatest profit.
  • #2,000
  • Dec 19, 2008 5:10am Dec 19, 2008 5:10am
Quoting elchoco
OK, totally fair point.

What we need is a way of seeing which is the "controlling" currency at any particular time. That was the reason for my question a week ago about "Why are we focussing on JPY??" If, in fact, the USD or EUR is making most of the waves, then we should be using that as the trigger.

This is a relevant point, however, many factors are "controlling" the mevement of the currencies and what is true today might not be tomorrow. However, the concept should be explored.
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