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Relative Strength Basket Trading System

  • #2,121
  • Dec 22, 2008 9:07pm Dec 22, 2008 9:07pm
Steve,

USD just triggered in KG Basket Trading EA..and currently I opened 6 charts, 2(GBPJPY) for monitoring/trade manager of XXXJPY, 2(EURUSD) for monitoring/trade manager of XXXUSD, and 2(EURGBP) for monitoring/trade manager of XXXGBP. However when USD triggered, Multipurpose Trade Manager EA in 4 charts (EURUSD and EURGBP) is activated. FYI, I already dedicate all the trade manager with individual magic number start with 232425 - 232430 for those. Here I attached all the sets for you to check it.

Thanks.

Sahars.
Attached File(s)
File Type: zip kg manage basket.zip   7 KB | 482 downloads
  • #2,122
  • Dec 22, 2008 9:10pm Dec 22, 2008 9:10pm
Quoting sahars
Steve,

USD just triggered in KG Basket Trading EA..and currently I opened 6 charts, 2(GBPJPY) for monitoring/trade manager of XXXJPY, 2(EURUSD) for monitoring/trade manager of XXXUSD, and 2(EURGBP) for monitoring/trade manager of XXXGBP. However when USD triggered, Multipurpose Trade Manager EA in 4 charts (EURUSD and EURGBP) is activated. FYI, I already dedicate all the trade manager with individual magic number start with 232425 - 232430 for those. Here I attached all the sets for you to check it.

Thanks.

Sahars.
Sometimes TM takes a minute or 2 to kick in all round......

Eddie
  • #2,123
  • Dec 22, 2008 9:26pm Dec 22, 2008 9:26pm
Hi..Eddie..Good Morning..

Thanks for reply. If not mistaken, when USD triggered due USD strong, only magic number 232428 will activate and monitor the trade. But currently there are 4 TM are activated and those TM has different setup. I'm not sure whether the execution of closing the trades will be done by magic number as been programmed or the execution will execute whichever the setup reach the signal 1st for closing the trades.

Just now, JPY also triggered, and their TM for Weak and Strong TM also activated. Based on the early version, the TM is only activated according to their magic number.

Honestly, I'm not good in programming, but I'm worried that because of this.. the executing for closing the orders (once we reach the TP) will be slowing down due to the loop in the program is keep comparing the value.

I believe Steve could rectify these matters...

Thanks..

Sahars.
  • #2,124
  • Dec 22, 2008 9:42pm Dec 22, 2008 9:42pm
not quite what I was expecting......

Sahars >>> you will see from my chart that only one TM should be active, yet both display full properties (one that is active shows $ value, other doesn't.)

Is this what you are referring to?
Attached Image (click to enlarge)
Click to Enlarge Name: 23122008_0339.gif Size: 104 KB
  • #2,125
  • Dec 22, 2008 9:53pm Dec 22, 2008 9:53pm
OH...I just realized that..and you are right my friend...The only way to identify whether the TM is activated or not by just looking at the Basket Profit..Zero means not activated.

Thanks Eddie..

Sahars
  • #2,126
  • Dec 22, 2008 9:56pm Dec 22, 2008 9:56pm
Quoting sahars
OH...I just realized that..and you are right my friend...The only way to identify whether the TM is activated or not by just looking at the Basket Profit..Zero means not activated.

Thanks Eddie..

Sahars
Your welcome........ :-)

Eddie
  • #2,127
  • Dec 22, 2008 9:58pm Dec 22, 2008 9:58pm
Well this has p'=#d me off..... DD yet everything is going the "right way"????

It's as if the basket combination is going up yet it is getting devalued at the same time.....

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 23122008_0356.gif Size: 103 KB
  • #2,128
  • Dec 22, 2008 10:19pm Dec 22, 2008 10:19pm
Hi Watercooler,
Thank you for your explanation
It really helps me
  • #2,129
  • Dec 23, 2008 1:57am Dec 23, 2008 1:57am
4 hours - handful of pips up... this one has been VERY slow!

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 23122008_0756.gif Size: 97 KB
  • #2,130
  • Dec 23, 2008 1:59am Dec 23, 2008 1:59am
.... and just to show you how close that is within 2 minutes it is negative!

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 23122008_0758.gif Size: 97 KB
  • #2,131
  • Dec 23, 2008 2:03am Dec 23, 2008 2:03am
UK Market opened, basket got torn apart. Finished -£7.10

(turned in a few seconds)

Even if i had left that open it had devalued badly as the price move was SO quick and it was a gamble to hold it until (and if) it were to rise up.

Possabily my last trade pre-Christmas..... there doesn't seem to be any volume and this is making trading thin.

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 23122008_0800.gif Size: 89 KB
  • #2,132
  • Dec 23, 2008 2:46am Dec 23, 2008 2:46am
Just make 170 pips with 2 trades for today(1 manually close and 1by TM). Still 2 basket (USD and JPY) still on trade. Just in case someone need to close the order by basket, I attached here the script. Those number behind the script is refer to the magic number that you want to close.


Sahars
Attached Image (click to enlarge)
Click to Enlarge Name: kg setup.gif Size: 94 KB
Attached File(s)
File Type: mq4 2CloseAllOrder_232425.mq4   7 KB | 340 downloads
File Type: mq4 2CloseAllOrder_232426.mq4   7 KB | 362 downloads
File Type: mq4 2CloseAllOrder_232427.mq4   7 KB | 325 downloads
File Type: mq4 2CloseAllOrder_232428.mq4   7 KB | 308 downloads
File Type: mq4 2CloseAllOrder_232429.mq4   7 KB | 357 downloads
File Type: mq4 2CloseAllOrder_232430.mq4   7 KB | 361 downloads
  • #2,133
  • Dec 23, 2008 3:08am Dec 23, 2008 3:08am
Quoting sahars
Just make 170 pips with 2 trades for today(1 manually close and 1by TM). Still 2 basket (USD and JPY) still on trade. Just in case someone need to close the order by basket, I attached here the script. Those number behind the script is refer to the magic number that you want to close.


Sahars
Brilliant Sahars. Thanks. In future, when I release versions of the trading ea with new triggers, I will include a copy of the script with the new magic numbers.

I see you are using the basket trailing stop function. For your information, this does not appear to work properly. People report that the trail kicks in then the trades are instantly closed. I cannot work out what is wrong with the code and nobody else has been able to work it out either. It could simply be that the trailing stop is hit quickly because the upl of a basket changes with dramatic speed and the routine is actually working; I do not know, so just be aware.

  • #2,134
  • Dec 23, 2008 3:12am Dec 23, 2008 3:12am
Based on today market, Basket Trading EA By Steve has locked 5 baskets (2 already closed manually/mistake and by TM) with profit of 170 pips and DD
(-50pips), while KG RS ALL EA by Matrixebiz, has closed 3 trades with 30pips profit and 11 trades on going with DD(-300 pips).

Still very early to judge since the market very slow..and with UK market starting, we should see a bigger volume of trade.

Early conclusion, the DD by Basket Trading EA is lower than KG RS ALL EA, and Basket Trading EA has produce more pips.

We will see for this week of these 2 EA behave and act to the market.

Sahars.
  • #2,135
  • Dec 23, 2008 3:26am Dec 23, 2008 3:26am
Quoting SteveHopwood
Brilliant Sahars. Thanks. In future, when I release versions of the trading ea with new triggers, I will include a copy of the script with the new magic numbers.

I see you are using the basket trailing stop function. For your information, this does not appear to work properly. People report that the trail kicks in then the trades are instantly closed. I cannot work out what is wrong with the code and nobody else has been able to work it out either. It could simply be that the trailing stop is hit quickly because the upl of a basket changes with...
Hi Steve...

I prefer to use trailing rather than jumping stop. BTW, the percentage of profit that you mentioned in your TM EA is refer to which figure.?. Currently I presumed the percentage is refer to the $ that we start to trail. That's why I put 30% mean $6 (by refer to $20 to start the trail) as their trailing step.

FYI, I also use your Trade Manager for testing the KG MTF EA for closing the order with the comments as their key to close. So far this EA also performed well but I'm not going to use it for live trade since I'm not clear how this EA to place an order.

I think your TM is brilliant and working perfectly...and the early execution of that EA by trailing is due to the step allocate was too small. For basket trade, normally we should start to allocate at least 100 pips for trailing in order the trail to work perfectly.

Anyway..you are the best and thank you...!! thank you again for sharing the Trade Manager EA and Trade Basket EA to us. Maybe I will start to go live next week...after been 4 times account blown..!!.

Thanks again.

Sahars.
  • #2,136
  • Dec 23, 2008 3:40am Dec 23, 2008 3:40am
Quoting sahars
I prefer to use trailing rather than jumping stop.
Steve just warned you that it did work 100% so why on earth would you want to use it? Not a great idea is it.

Be very careful how you trade these and the feed back produce. remember all results are subjective to the individuals account (pip value, leverage, broker setup etc....)

I couldn't see from you last image post the 170 pips you were referring to, can you perhaps show this a bit more clearly?

Also most of the testers are using a 0.01 lot... if you do the same you "figures" wont look so bloated/inflated.

Good luck in this quiet holiday time..... January the time to blaze me thinks!


Eddie
  • #2,137
  • Dec 23, 2008 3:51am Dec 23, 2008 3:51am
Looks like entry on all 3 coming up shortly.

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 23122008_0949.gif Size: 86 KB
  • #2,138
  • Dec 23, 2008 3:58am Dec 23, 2008 3:58am
Quoting eddiemiller
Steve just warned you that it did work 100% so why on earth would you want to use it?...
Hi Eddie,

Your right Bro..is not 170 pips it's only 158 pips. BTW the EA just closed another basket (GBP) with 194 pips. I use pips rather than $ since different broker has different definition of lots. i.e. IBFX 0.01 lots equivalent to 1 cent/pips, but in Prime4X it was equivalent to 10 cent.

I attached the pictures for 194 pips just locked by the EA recently. I stil 2 baskets running (JPY and EUR) with DD 20 pips.

Sahars
Attached Image (click to enlarge)
Click to Enlarge Name: kg setup.gif Size: 93 KB
  • #2,139
  • Dec 23, 2008 4:02am Dec 23, 2008 4:02am
Quoting sahars
Hi Eddie,

Your right Bro..is not 170 pips it's only 158 pips. BTW the EA just closed another basket (GBP) with 194 pips. I use pips rather than $ since different broker has different definition of lots. i.e. IBFX 0.01 lots equivalent to 1 cent/pips, but in Prime4X it was equivalent to 10 cent.

I attached the pictures for 194 pips just locked by the EA recently. I stil 2 baskets running (JPY and EUR) with DD 20 pips.

Sahars
i cannot get a couple of pips for few days,
its to many spike up and down,
i try to find out new system for intraday,

please help me
  • #2,140
  • Dec 23, 2008 4:13am Dec 23, 2008 4:13am
Steve,

I just wondering ..if the Trade Manager can be modified accordingly only for Jumping stop function with the following step :
1. Jumping Stop Function will only start at certain $ .
2. The Jumping Stop Steps at certain $.

I'd tried before the Jumping Stop Function in your TM and I found that BasketJumpingStopProfit actually is the figure of the step of jumping stop as well as the steps of jumping stop. Pls correct if I'm wrong about this.

Honestly trailing is not really a good option, but when market is on trending, trailing or jumping stop is the function that can maximized our profit rather than reentry..

Sahars.
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