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Relative Strength Basket Trading System

  • #2,001
  • Dec 19, 2008 5:26am Dec 19, 2008 5:26am
Dear SteveHopwood,

many thanks for your effort to make beautiful EA for this system..

can i ask you something, cause programing is not my skill

according to price action system, can you modify EA to Open trade if USDJPY reach at certain PRICE

for example

i believe when USDJPY breakout SUPPORT 1 at XX.XX

it will go to SUPPORT 2

and EA open Bascket Trading at SUPPORT 1 PRice, and CLOSE ALL Trade
when USDJPY reach SUPPORT 2

many thx
Simplicity your Life
  • #2,002
  • Dec 19, 2008 5:45am Dec 19, 2008 5:45am
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...
elchoco,

Your observations are very true and I too entered the Basket at 80 and it was wrong decision.
I also follow Basket trade method of trader101 (Now available in the Journal section by LaTeCoMeR). There is one Basket_Indicator used in that system which pretty accurate with higher success rate. Basket over there is also predominantly driven by JPY pairs, it can be used here for confirmation of the trend.
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"Put all your efforts in becoming effortless"
  • #2,003
  • Dec 19, 2008 5:53am Dec 19, 2008 5:53am
Quoting stevenali
Dear SteveHopwood,

many thanks for your effort to make beautiful EA for this system..

can i ask you something, cause programing is not my skill

according to price action system, can you modify EA to Open trade if USDJPY reach at certain PRICE

for example

i believe when USDJPY breakout SUPPORT 1 at XX.XX

it will go to SUPPORT 2

and EA open Bascket Trading at SUPPORT 1 PRice, and CLOSE ALL Trade
when USDJPY reach SUPPORT 2

many thx
Thanks for your kind comments, stevnali.

What you describe is a completely different system to the one under discussion here, so my ea is not adaptable to your needs.

  • #2,004
  • Dec 19, 2008 6:03am Dec 19, 2008 6:03am
Quoting SteveHopwood
Thanks for your kind comments, stevnali.

What you describe is a completely different system to the one under discussion here, so my ea is not adaptable to your needs.


okay steve... nevermind and keep goodwork...!!!

one thing... can you modify EA to close Bascket trading but start from pair with biggest profit to smaller....?
Simplicity your Life
  • #2,005
  • Dec 19, 2008 6:06am Dec 19, 2008 6:06am
LOL,

All was going well until I started reading the missed post from last night and it has jumped back the other way!

Never mind gona let it run.......

Eddie
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  • #2,006
  • Dec 19, 2008 6:25am Dec 19, 2008 6:25am
Update

(Live account - pips showing)

Eddie
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  • #2,007
  • Dec 19, 2008 6:35am Dec 19, 2008 6:35am
I'm still trying to get calculation times to speed up using the RS_Group indicators. I only trade the EURUSD so I only have these two indicators applied to only 5 charts (monthly,weekly,daily,4 hr and 1 hr).

I have an Inspiron 1501, 1.8 gig processor but only 1 mb of ram. I'm wondering if maybe ram is the issue. Can anyone give me feedback on this? What are your system setups? Thanks a lot.

Max
  • #2,008
  • Dec 19, 2008 7:07am Dec 19, 2008 7:07am
Quoting elchoco
Hi Steve,

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.
Steve,

Or, if not that, then OPEN BUY BASKET on "falling past 80 from above" as an option rather than "rising past 80 from below".

It might help to alleviate drawdowns and we could still trade retraces in both directions.
  • #2,009
  • Dec 19, 2008 7:10am Dec 19, 2008 7:10am
Quoting stevenali
one thing... can you modify EA to close Bascket trading but start from pair with biggest profit to smaller....?
That would involve an extra layer of processing that will slow things down still more.

It takes time to close a basket of trades. Sometimes this works in our favour and the profit increases. Sometimes it works against us and the profit falls. It will be a rare occasion that the total of our closed trades will exactly equal our basket tp.

  • #2,010
  • Dec 19, 2008 7:18am Dec 19, 2008 7:18am
Quoting maxreturn
I'm still trying to get calculation times to speed up using the RS_Group indicators. I only trade the EURUSD so I only have these two indicators applied to only 5 charts (monthly,weekly,daily,4 hr and 1 hr).

I have an Inspiron 1501, 1.8 gig processor but only 1 mb of ram. I'm wondering if maybe ram is the issue. Can anyone give me feedback on this? What are your system setups? Thanks a lot.

Max
My pc has 1 meg. I only have to open a couple of demos with KG RS GROUP running and it slows to a crawl. Cutting out those processes running in the background that I do not need only makes a minimal difference.

I don't know how KG RS GROUP works, but my guess is there is a heck of a lot of processing going on behind the scenes. You are trying to run 5 instances, so you can probably expect your machine to threaten to go on strike.

You could try removing some of the background stuff, but I bet it doesn't make much difference. How well are you doing out of trading using your setup? Might it be just the excuse you need to buy a new machine with 4mg?

  • #2,011
  • Dec 19, 2008 7:36am Dec 19, 2008 7:36am
Quoting SteveHopwood
My pc has 1 meg. I only have to open a couple of demos with KG RS GROUP running and it slows to a crawl. Cutting out those processes running in the background that I do not need only makes a minimal difference.

I don't know how KG RS GROUP works, but my guess is there is a heck of a lot of processing going on behind the scenes. You are trying to run 5 instances, so you can probably expect your machine to threaten to go on strike.

You could try removing some of the background stuff, but I bet it doesn't make much difference. How well are...
Hello Steve. Thanks for your kindness. You've been one of the very few to respond. I know you guys are all wrapped up in this basket trading thing but I've found a very powerful application of using just the RS_Group indicators for both the EUR and USD applied to the charts I've described to manually trade just this pair. I use this in conjunction with just a couple other technical tools while using a multiple time frame approach. I have paper traded this for a while with outstanding results. Within the next couple of weeks I plan on sharing some of the details but probably on another thread. Don't want to post off topic. Thanks again mate!
  • #2,012
  • Dec 19, 2008 7:36am Dec 19, 2008 7:36am
Quoting elchoco
Steve,

Or, if not that, then OPEN BUY BASKET on "falling past 80 from above" as an option rather than "rising past 80 from below".

It might help to alleviate drawdowns and we could still trade retraces in both directions.
This is a more accurate representation of my manual trading. Implementing it into the ea is in my thoughts.

The problem is how to derive the algorithm. I can code most things, once I have this, but can get my knickers into a fearful twist trying to arrive at it.

The line of code that reads the value of JPY strength from KG RS GROUP is:
JpyVal = iCustom(NULL,0, "KG RS GROUP",1,0);

JpyVal is a double that is defined so it is available throughout the code.

The two zeros refer to the time frame and the number of bars to look back. The blue highlighted one means 'use the timeframe of the current chart'. The red highlighted one means 'take the value of the current bar' (sorry if you are a coder and already know this).

Therefore, JpyVal = iCustom(NULL,PERIOD_M1, "KG RS GROUP",1,0); extracts the value from a 1m tf for the current bar.

So, if the JPY strength has topped 80 and the ea is looking to enter a Weak basket on the reverse then:
OldJpyVal4 = iCustom(NULL,PERIOD_M1, "KG RS GROUP",1,4);
OldJpyVal3 = iCustom(NULL,PERIOD_M1, "KG RS GROUP",1,3);
OldJpyVal2 = iCustom(NULL,PERIOD_M1, "KG RS GROUP",1,2);
OldJpyVal1 = iCustom(NULL,PERIOD_M1, "KG RS GROUP",1,1);
OldJpyVal0 = iCustom(NULL,PERIOD_M1, "KG RS GROUP",1,0);

would tell is if the value had fallen for the previous 4 minutes; if not the ea could abort the basket trade.

Bear with me, as I am thinking aloud.

Am I being too complicated here?

Is it sufficient merely to make the ea recognise that the strength has topped 80 and so there is a basket trade pending, but to wait until the strength drops back below 80?

What are your thoughts?

See what I mean about my difficulties with program logic?

  • #2,013
  • Dec 19, 2008 7:48am Dec 19, 2008 7:48am
Quoting SteveHopwood
That would involve an extra layer of processing that will slow things down still more.

It takes time to close a basket of trades. Sometimes this works in our favour and the profit increases. Sometimes it works against us and the profit falls. It will be a rare occasion that the total of our closed trades will exactly equal our basket tp.

yeah i know....

we need EA for CLOSE ALL which EXTRA POWERFULL !!!

i hope you can make it

lol
Simplicity your Life
  • #2,014
  • Dec 19, 2008 7:54am Dec 19, 2008 7:54am
just playing with the pips

demo still
Attached File(s)
File Type: zip DetailedStatement.zip   5 KB | 370 downloads
Simplicity your Life
  • #2,015
  • Dec 19, 2008 8:45am Dec 19, 2008 8:45am
Quoting stevenali
yeah i know....

we need EA for CLOSE ALL which EXTRA POWERFULL !!!

i hope you can make it

lol
Not part of the EA but I use it to manually shut it all down............ perhaps it could be integrated?

(both formats attached)

Eddie
Attached File(s)
File Type: ex4 _CloseOrders.ex4   9 KB | 317 downloads
File Type: mq4 _CloseOrders.mq4   7 KB | 332 downloads
  • #2,016
  • Dec 19, 2008 9:17am Dec 19, 2008 9:17am
Please can someone direct me to where I can locate Steve's ea.
  • #2,017
  • Dec 19, 2008 9:20am Dec 19, 2008 9:20am
Quoting showmethetrade
Please can someone direct me to where I can locate Steve's ea.
Paper clip top right

Eddie
  • #2,018
  • Dec 19, 2008 9:20am Dec 19, 2008 9:20am
One thing I really appreciate about you is the time that give to answering everyone fully to the best of your ability and time. Very Generous.

Quoting SteveHopwood
Is it sufficient merely to make the ea recognise that the strength has topped 80 and so there is a basket trade pending, but to wait until the strength drops back below 80?
I would say so.

I am not a coder although I love boolean algebra. Here's my "english" version of how the coding will look. Please don't laugh.

I have two levels to "set up" the triggering mechanism so we don't get hundreds of whipsaw entries.

----------
external int OnYourMarks=85
external int GO=80
Bool TriggerSet=FALSE

When RSValue=OnYourMarks then TriggerSet=TRUE
When RSValue=GO AND TriggerSet=TRUE then EXECUTE BASKET BUY
TriggerSet=FALSE
----------

You're probably rolling around on the carpet at my 1980's BASIC logic. Hope it makes sense. There must be hundreds of stochastic EAs that have solved this problem.
  • #2,019
  • Dec 19, 2008 10:07am Dec 19, 2008 10:07am
Quoting elchoco
One thing I really appreciate about you is the time that give to answering everyone fully to the best of your ability and time. Very Generous.



I would say so.

I am not a coder although I love boolean algebra. Here's my "english" version of how the coding will look. Please don't laugh.

I have two levels to "set up" the triggering mechanism so we don't get hundreds of whipsaw entries.

----------
external int OnYourMarks=85
external int GO=80
Bool TriggerSet=FALSE

When RSValue=OnYourMarks then TriggerSet=TRUE
When RSValue=GO AND TriggerSet=TRUE...
Hehe. I cut my programming teeth on 1984 BBC 'B' Basic.

I had been thinking this afternoon and had already implemented this idea, and was about to post V2 when I read this.

I hadn't thought of your idea for avoiding whipsaws, though; brilliant thinking.

V2 implements this also. The defaults are 8020. A potential Weak basket is flagged by the ea at or above 80, but waits for a retrace to 75. It also uses KG RS GROUP V1.1 to allow different time frames.

I have attached the new version here so people can play with it during the last few hours of trading this week, if they want to. I haven't tested it yet, but the additional coding is very simple so there shouldn't be anything wrong. Please shout out if you notice anything.

Don't place the new version on live accounts yet - wait until we have tested it on demo. I have to go out now, so I cannot do any testing tonight.

Cheers guys. It has been a great week. Have a fabulous weekend.

Attached File(s)
File Type: ex4 KG basket range trading Alpari V2.ex4   12 KB | 360 downloads
File Type: ex4 KG basket range trading V2.ex4   12 KB | 444 downloads
  • #2,020
  • Dec 19, 2008 10:39am Dec 19, 2008 10:39am
Quoting elchoco
You're probably rolling around on the carpet at my 1980's BASIC logic. Hope it makes sense. There must be hundreds of stochastic EAs that have solved this problem.
Like the "other" Steve, I'm a professional software dood and I can say that it's very important to be able to describe what an EA (or any other program) is doing before using it.

I've been involved in discussions elsewhere here where folks are blindly downloading and using EA's without understanding the underlying algorithm. I think that's complete and utter madness. I've asked the OP's in some threads to explain *in English* what their wonderful EA is doing and they can't do it! They coded and coded an coded and the result can no longer be described in words!

If someone can't tell you what their EA is doing in a nutshell, it should be a red flag to you.

(I'm not necessarily talking about this thread since I'm obviously new to it, so please no one take my comments the wrong way.)

OK, I'm off my soap box now.
You are in a maze of twisty little passages, all alike.
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