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Relative Strength Basket Trading System

  • #2,101
  • Dec 22, 2008 11:22am Dec 22, 2008 11:22am
Nope - I am confused again.....

USD basket... BUY or SELL or BOTH?

I know this is related tot he order preferences on the pairs.... just does look right..... hhhmmmmm... long day


Eddie
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  • #2,102
  • Dec 22, 2008 11:47am Dec 22, 2008 11:47am
.. and back she comes...... ???

Eddie
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  • #2,103
  • Dec 22, 2008 12:17pm Dec 22, 2008 12:17pm
Quoting eddiemiller
Nope - I am confused again.....

USD basket... BUY or SELL or BOTH?

I know this is related tot he order preferences on the pairs.... just does look right..... hhhmmmmm... long day


Eddie
Hehe. I made this mistake when I first coded this - saintmo pointed it out.

If USD is strong then we sell xxxUSD and buy USDxxx.

  • #2,104
  • Dec 22, 2008 12:24pm Dec 22, 2008 12:24pm
Quoting matrixebiz
The first section is for total account Profit or Loss in dollar amounts.
So if all your open orders add up to a Profit or Loss of what ever you put like $10 or -$10 then all orders will be closed.

The Second section is for individual orders SL or TP in pips.
Thank you sire
  • #2,105
  • Dec 22, 2008 12:30pm Dec 22, 2008 12:30pm
Quoting SteveHopwood
Hehe. I made this mistake when I first coded this - saintmo pointed it out.

If USD is strong then we sell xxxUSD and buy USDxxx.

2 trades using your setup but with manual close (I still find TM either too quick, or too slow - I either miss out on profit of it closes down before it gets going)

£9.91 profit on a balance of £114 - that is just under a 9% profit for the day.

Result..... Thanks Steve... if only I could get to grips with TM.......

- Any ideas on my post about the "10 Rule" being added in? -

Eddie
  • #2,106
  • Dec 22, 2008 12:34pm Dec 22, 2008 12:34pm
Here is V4. It has the option to use GBP as a trigger. You will need two more instances of the trade manager to manage them, primed with the correct magic number.

Remember:

  1. Test this on demo first to make sure I have not got anything badly wrong.
  2. Just because we can trade three baskets, doesn't mean we should. Our accounts could easily become overloaded if the trades do not go our way quickly.

Have fun.




Update details

  1. V3a: fixed the incorrect entries in the xxxUSDUSDxxx baskets.
  2. V3b: (1) Fixed the user feedback display. (2) Added feedback to show when the ea is waiting for a retrace to send a basket - shows a message such as 'Weak basket pending'.
  3. V4: added the GBP trigger.

Attached File(s)
File Type: ex4 KG basket range trading V4.ex4   29 KB | 492 downloads
File Type: ex4 KG basket range trading Alpari V4.ex4   29 KB | 395 downloads
  • #2,107
  • Dec 22, 2008 12:36pm Dec 22, 2008 12:36pm
Quoting eddiemiller
- Any ideas on my post about the "10 Rule" being added in? -

Eddie
See post 2100
  • #2,108
  • Dec 22, 2008 2:57pm Dec 22, 2008 2:57pm
what kind of lot size, tp, sl for a 5k test account do you guys think is appropriate for testing Steve's and Matrix's EAs?

I am going to try Steve's 50tp/50sl with .1 lot at IBFX demo mentioned recently in the thread.

many thanks for the generosity here and Merry Christmas.
  • #2,109
  • Dec 22, 2008 5:07pm Dec 22, 2008 5:07pm
Hey Guys, I've been working on this Spread Monitor Indicator today and was wondering if you think it might be worth while incorporating it into the EA's so that if the Spread for a certain pair is to high don't trade that pair.
Since spreads change so often (daily pairs), it might be worth staying away from the pairs that go above 10 for that particular day or whatever value you want.
What do you think?
Attached Image (click to enlarge)
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24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,110
  • Dec 22, 2008 5:22pm Dec 22, 2008 5:22pm
Quoting matrixebiz
Hey Guys, I've been working on this Spread Monitor Indicator today and was wondering if you think it might be worth while incorporating it into the EA's so that if the Spread for a certain pair is to high don't trade that pair.
Since spreads change so often (daily pairs), it might be worth staying away from the pairs that go above 10 for that particular day or whatever value you want.
What do you think?
Very good idea matrixebiz, I agree with you. We should have an option about that in all our EA.

Thanks,

KG
  • #2,111
  • Dec 22, 2008 5:48pm Dec 22, 2008 5:48pm
Quoting matrixebiz
Hey Guys, I've been working on this Spread Monitor Indicator today and was wondering if you think it might be worth while incorporating it into the EA's so that if the Spread for a certain pair is to high don't trade that pair.
Since spreads change so often (daily pairs), it might be worth staying away from the pairs that go above 10 for that particular day or whatever value you want.
What do you think?
Wow. Ouch.

I had vaguely, dimly-sort-of thought about the spread without worrying too much about it. Some of those spreads in your pic are real killers.

Hehe. V 4a coming up asap.

Cheers martixebiz. Another nice one.

  • #2,112
  • Dec 22, 2008 6:34pm Dec 22, 2008 6:34pm
KG , Steve , Matrisebiz

great work and you are doing a huge service to the trading community


I am pretty new to trading and to this forum in general.

been thinking that it will be a great help if we can somehow harness the strategy tester for back testing tool

I know its not easy

  1. the simulator will only give info on a single currency
  2. the simulator can only trade single currency

so I was hoping someone can think of a way to overcome the limitations and be able to run strategy testing some how

I am sure we would have been in a completely stage by now with a lot more insight

I have a few ideas but they are very complex ( and also require the source code for the indicators )

also - I am running both EAs on test account for the last few hours and they are slowly building up the equity ( the basket trader more than KG_RS_ALL )
will post full statement tomorrow

  • #2,113
  • Dec 22, 2008 6:36pm Dec 22, 2008 6:36pm
Matrixebiz,

with the crazy spreads I agree with you , you have to filter some pairs as the spread is greater then then TP you plan for most of the trades

10 sounds like a reasonable number

Quoting matrixebiz
Hey Guys, I've been working on this Spread Monitor Indicator today and was wondering if you think it might be worth while incorporating it into the EA's so that if the Spread for a certain pair is to high don't trade that pair.
Since spreads change so often (daily pairs), it might be worth staying away from the pairs that go above 10 for that particular day or whatever value you want.
What do you think?
  • #2,114
  • Dec 22, 2008 7:04pm Dec 22, 2008 7:04pm
Quoting SteveHopwood
Here is V4. It has the option to use GBP as a trigger. You will need two more instances of the trade manager to manage them, primed with the correct magic number.

Remember:

  1. Test this on demo first to make sure I have not got anything badly wrong.
  2. Just because we can trade three baskets, doesn't mean we should. Our accounts could easily become overloaded if the trades do not go our way quickly.

Have fun.

...

I think next year, you have to put all currencies as a trigger hehehehehehehe. Because i saw that there is a cycle period where one currency will be dominant in a period of time. So your EA should be could catch this opportunity.

Thanks,

KG
  • #2,115
  • Dec 22, 2008 7:16pm Dec 22, 2008 7:16pm
Quoting Kang_Gun
I think next year, you have to put all currencies as a trigger hehehehehehehe. Because i saw that there is a cycle period where one currency will be dominant in a period of time. So your EA should be could catch this opportunity.

Thanks,

KG
Hehe. Yes, KG, and after I work out something to deal with excessive spread EUR as a trigger is the next target.

Where do we stop? No disprespect to New Zealand, for example, but can NZD really be used as a trigger for basket trading?

The Swissy?

I am not being entirely facetious here - I just don't know. Remember I only met the concept of relative strength trading about 2 months ago.

  • #2,116
  • Dec 22, 2008 7:29pm Dec 22, 2008 7:29pm
Quoting SteveHopwood
Hehe. Yes, KG, and after I work out something to deal with excessive spread EUR as a trigger is the next target.

Where do we stop? No disprespect to New Zealand, for example, but can NZD really be used as a trigger for basket trading?

The Swissy?

I am not being entirely facetious here - I just don't know. Remember I only met the concept of relative strength trading about 2 months ago.

Yes, all of them could be a trigger. Just do a backtest, set all_bars in your KG RS GROUP V1.1 to 10.000 and see on H1 Time Frame... you will found that there is a cycle between all currency... heheheheheheeh

Regards,

KG
  • #2,117
  • Dec 22, 2008 8:33pm Dec 22, 2008 8:33pm
Salam KG.. and Dear To All,

Wowww...I do not know how to say it...but the idea was brilliant...http://www.forexfactory.com/images/icons/icon14.gif .Thanks to you all guys especially to KG, Steve (Programmer Sifu), Matrixebiz and others who contribute to this forum.

I just finish to read this thread and it takes me almost a week to read it and apply it. FYI, currently I'm running 5 MT platform in my PC and I'm testing Steve EA, Matrixebiz EA (KG EA, KG MTF EA, KG RS ALL V1.2) and manual Entry Basket.

Insyallah..I'll post my result and their setup.
  • #2,118
  • Dec 22, 2008 8:44pm Dec 22, 2008 8:44pm
Quoting sahars
Salam KG.. and Dear To All,

Wowww...I do not know how to say it...but the idea was brilliant...http://www.forexfactory.com/images/icons/icon14.gif .Thanks to you all guys especially to KG, Steve (Programmer Sifu), Matrixebiz and others who contribute to this forum.

I just finish to read this thread and it takes me almost a week to read it and apply it. FYI, currently I'm running 5 MT platform in my PC and I'm testing Steve EA, Matrixebiz EA (KG EA, KG MTF EA, KG RS ALL V1.2) and manual Entry Basket.

Insyallah..I'll post my result...
Great, your test result will help us to improve it.

Salam,

KG
  • #2,119
  • Dec 22, 2008 8:50pm Dec 22, 2008 8:50pm
All setup for an over night "autopilot" trade...... see you in the morning.

Eddie
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  • #2,120
  • Dec 22, 2008 9:05pm Dec 22, 2008 9:05pm
Started......

Eddie
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