Relative Strength Basket Trading System | Page 109 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading system using relative strength 2,816 replies

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Trading System Using Relative Strength-Part 2 1,499 replies

My version of a relative strength basket 2 replies

Attachments: Relative Strength Basket Trading System
Exit Attachments

Relative Strength Basket Trading System

  • #2,161
  • Dec 23, 2008 8:52am Dec 23, 2008 8:52am
Quoting Watercooler
Hi,
I try to use KG Basket Range EA and it only shows pop up window and did not open trade automatically.
Steve, Need more explaination on this:

""Drag separate instances of the trade manager onto a different chart.

  1. Load one with the 'kg manage basket strong' preset.
  2. Load the second with the 'kg manage basket weak' preset.""

Question: How to load 'kg manage basket strong' from preset folder?

thanks

Hi Watercooler,

You need 3 charts to be opened,1st (Weak Set preset) and 2nd Chart (Strong Set preset) for Multi Trade Manager with the setup attached, while the 3rd chart for KG Basket Range EA.

The execution of trade will be done by KG Basket Range EA, while the closing of the trade will be done by Multi Trade Manager (it depends on with signals when the trade executed).

Sahars.
Attached File(s)
File Type: zip KG Basket Range EA.zip   25 KB | 444 downloads
  • #2,162
  • Dec 23, 2008 9:04am Dec 23, 2008 9:04am
Quoting eddiemiller
All UK Alpari Accounts have just spiked on NZD pairs.

**I have just telephone their UK support desk**

They are aware of the problem with their feed and will amend all accounts and re-open all trades as if it didn't happen but it will take a few hours.

Eddie
Shame. I set up an Alpari demo with £1000 so I can compile the ea. I left home this morning with a balance of £1,240 and returned to a balance of £4,334. I rather enjoyed that.

  • #2,163
  • Dec 23, 2008 9:05am Dec 23, 2008 9:05am
Quoting sahars
2 more basket closed at at 208 pips (GBP) profit and 105 pips (JPY) profit. TP for Weak Signals change to $11 from $10 and $21 from $20 for Strong signals. 1 basket (USD) still on trade with +20 pips.

Sahars.
Hehehehehe me too...
Sahars, please keep update your results and could you make a summary of your test at the end of the weeks? It will help us a lot.....

Salam,

KG
  • #2,164
  • Dec 23, 2008 9:09am Dec 23, 2008 9:09am
Quoting SteveHopwood
Shame. I set up an Alpari demo with £1000 so I can compile the ea. I left home this morning with a balance of £1,240 and returned to a balance of £4,334. I rather enjoyed that.

Lucky man.... dum...dam.. du...bi.... dam...

KG
  • #2,165
  • Dec 23, 2008 9:10am Dec 23, 2008 9:10am
Quoting SteveHopwood
Shame. I set up an Alpari demo with £1000 so I can compile the ea. I left home this morning with a balance of £1,240 and returned to a balance of £4,334. I rather enjoyed that.

And to make matters worst this was on my live account... the basket shut down (obviously) and I have a mass loss on the basket.

I now have to email their support team... explain a "basket trade" to them.. and argue to get them to credit the maximum vale of each trade.

p][['d to say the least.

Eddie
  • #2,166
  • Dec 23, 2008 9:11am Dec 23, 2008 9:11am
Matrixebiz,

The KG RS All still not close even the trade loss is reach at the set limit i.e $50.00.

Sahars
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kg rs all #1.gif Size: 61 KB
Click to Enlarge Name: kg rs all #2.gif Size: 65 KB
  • #2,167
  • Dec 23, 2008 9:16am Dec 23, 2008 9:16am
Quoting sahars
Steve,

I just found that the GBP basket not execute the order even that time the GBP strength was less than 20,
This was a clever idea of elchoco. The ea will wait until the strength has recovered to 25 before placing the trades. This (mostly) avoids entering a basket when the strength is still falling.

Quote
and there is message below written "Strong Basket Pending". Is it not suppose to "Weak Basket Pending". Picture attached for reference. Thanks in advance for your explanation.

Sahars.
No. A 'Strong' basket is taken when the strength is weak and expected to rebound, and vice versa. In this case GBP was below 20 and weak. Therefore, on the rebound the ea buys GBPxxx and sells xxxGBP.

  • #2,168
  • Dec 23, 2008 9:16am Dec 23, 2008 9:16am
Quoting sahars
Hi Watercooler,

You need 3 charts to be opened,1st (Weak Set preset) and 2nd Chart (Strong Set preset) for Multi Trade Manager with the setup attached, while the 3rd chart for KG Basket Range EA.

The execution of trade will be done by KG Basket Range EA, while the closing of the trade will be done by Multi Trade Manager (it depends on with signals when the trade executed).

Sahars.
Thanks for immediate reply.
I aleady opened 3 chart but i dont know how to set "weak set preset and strong set preset". I saw two of the options in KG Basket Range EA are "tradeWeak" and "TradeStrong" to set TRUE or FALSE. Do you mean the "weak set preset and strong set preset" are these options.?

thanks
  • #2,169
  • Dec 23, 2008 9:22am Dec 23, 2008 9:22am
Quoting SteveHopwood
Shame. I set up an Alpari demo with £1000 so I can compile the ea. I left home this morning with a balance of £1,240 and returned to a balance of £4,334. I rather enjoyed that.

some, like Steve, were lucky...others, like me, were not!
Attached Image (click to enlarge)
Click to Enlarge Name: shame.JPG Size: 144 KB
  • #2,170
  • Dec 23, 2008 9:47am Dec 23, 2008 9:47am
Quoting Watercooler
Thanks for immediate reply.
I aleady opened 3 chart but i dont know how to set "weak set preset and strong set preset". I saw two of the options in KG Basket Range EA are "tradeWeak" and "TradeStrong" to set TRUE or FALSE. Do you mean the "weak set preset and strong set preset" are these options.?

thanks
Open the 1st chart and attach the Multi Purpose Trade Manager (TM) EA to this chart, while attach the TM EA, click 'Load' and choose the preset set. Say you choose 1st chart for Weak setting, so load the "kg manage weak basket.set". At this point you already setting-up an EA for managing the Weak signals.

Next, open the 2nd chart and do the same as for setting on chart 1, except this time you choose for strong signal setting (means you need to load the "kg manage strong basket.set"). So you now you complete setting an EA for managing the strong signals.

For the 3rd chart, you need to attach the 'KG basket range trading EA". In this EA, you may choose 'tradeweak" and 'tradestrong' to true if you want the EA to execute the order for both signals (weak and strong) when the signals received.

The set preset are not to be used for KG basket range trading EA, but these sets to be used in TM EA.

Hope this will clearer..and happy pipping..

Sahars
  • #2,171
  • Dec 23, 2008 9:53am Dec 23, 2008 9:53am
Quoting SteveHopwood
I had a few minutes to spare.

V4a has a new MaximumSpread input - default set to 20. The ea will only send a trade if the spread is less than or equal to the number you enter. It will still send other trades in the basket.

This helps avoid taking trades at a time when the spread is ridiculous, as highlighted yesterday by matrixebiz's indi.

...
Eddie,
Thanks again for the brilliant EA. Just now, the EA close the basket with 208 pips profit. For today, I managed to beg more than 1000 pips.

Frankly, I've tested a lot EA's and found this is the best. With the ranging market,the EA still function very well. We will see how it's react during trending market.

Sahars.
  • #2,172
  • Dec 23, 2008 10:05am Dec 23, 2008 10:05am
Quoting sahars
Matrixebiz,

The KG RS All still not close even the trade loss is reach at the set limit i.e $50.00.

Sahars
You have close_all set to true correct?
Can you post your settings?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,173
  • Dec 23, 2008 10:05am Dec 23, 2008 10:05am
Steve,

What is the spread in the V4a is refer to..?! It is the total spread of the traded basket (combination of USD, JPY and GBP basket) or the spread for the individuals currency i.e EURUSD...etc or the spread for the individual currency basket..?!

Sahars.
  • #2,174
  • Dec 23, 2008 10:10am Dec 23, 2008 10:10am
Quoting sahars
Eddie,
Thanks again for the brilliant EA. Just now, the EA close the basket with 208 pips profit. For today, I managed to beg more than 1000 pips.

Frankly, I've tested a lot EA's and found this is the best. With the ranging market,the EA still function very well. We will see how it's react during trending market.

Sahars.
Another active member is on board, salam Sahars and welcome.

Jeff
  • #2,175
  • Dec 23, 2008 10:19am Dec 23, 2008 10:19am
Quoting matrixebiz
You have the '-' in -50 correct? if you put a positive 50 it will act like a profit.
Can you post your settings?
I put -50 as you can see at the chart and I also confirm it that the set Stop Loss=-50, not 50.

I also observed the TP setting (for pips) does not function sometimes for certain currency. For my testing I set up TP=20 pips,but the EA does not close that individual currency when that currency reach 20 pips. In one occasion, the pips goes more than 30 (it's good but not meet the purpose of setting it). That's why I had to close it manually.

Refer to the chart attached. Now the lost is more than $50,but the trade still on going. For AUDCHF, it was 2.30 profit, but yet the EA still not close it.

Thanks

Sahars.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kg rs all #1.gif Size: 62 KB
Click to Enlarge Name: kg rs all #2.gif Size: 63 KB
  • #2,176
  • Dec 23, 2008 10:20am Dec 23, 2008 10:20am
Quoting jeff jordan
some, like Steve, were lucky...others, like me, were not!
Its an error fella so they should correct that (or perhaps not as it's a demo a/c - I was LIVE!!!!!!!)

Eddie
  • #2,177
  • Dec 23, 2008 10:21am Dec 23, 2008 10:21am
Quoting sahars
Eddie,
Thanks again for the brilliant EA. Just now, the EA close the basket with 208 pips profit. For today, I managed to beg more than 1000 pips.

Frankly, I've tested a lot EA's and found this is the best. With the ranging market,the EA still function very well. We will see how it's react during trending market.

Sahars.
Super when I get credit for Steves work!

Keep it up Steve!

Eddie
(lol)
  • #2,178
  • Dec 23, 2008 10:22am Dec 23, 2008 10:22am
Quoting jeff jordan
Another active member is on board, salam Sahars and welcome.

Jeff
Salam Jeff,

Thanks for your kindness of sharing this method with me and others..

Sahars.
  • #2,179
  • Dec 23, 2008 10:25am Dec 23, 2008 10:25am
Steve

Where is this setting in V4 regarding the "20" setting?

I didn't think you were going down this route?

If your opening below/above isn't this irrelevant? Perhaps you can explain to me how you are using this setting as for once I simply don't get it.

Cheers fella

Eddie
  • #2,180
  • Dec 23, 2008 10:33am Dec 23, 2008 10:33am
Quoting sahars
I put -50 as you can see at the chart and I also confirm it that the set Stop Loss=-50, not 50.

I also observed the TP setting (for pips) does not function sometimes for certain currency. For my testing I set up TP=20 pips,but the EA does not close that individual currency when that currency reach 20 pips. In one occasion, the pips goes more than 30 (it's good but not meet the purpose of setting it). That's why I had to close it manually.

Refer to the chart attached. Now the lost is more than $50,but the trade still on going. For AUDCHF, it was...
I think you might have a setting wrong. Can you post the set file.
If you want to use close_all and SL and TP, Do you have;
UseStopLoss = true
UseTakeProfit = true
close_all_at_profit$ = true
close_all_at_loss$ = true
Attached Image (click to enlarge)
Click to Enlarge Name: close.JPG Size: 77 KB
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
3 traders viewing now