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Relative Strength Basket Trading System

  • #2,181
  • Dec 23, 2008 10:39am Dec 23, 2008 10:39am
Quoting eddiemiller
Its an error fella so they should correct that (or perhaps not as it's a demo a/c - I was LIVE!!!!!!!)

Eddie

Live? Well I believe they will correct their mistake. By the way, can we utilize your presence there to be our representative when the need arises (just kidding). My live account is put on hold for now, as my luck may change with the New Year!!!, or so I was told!!!
Good luck eddie
I was not able to do any descent trading this week, the only one was today, and I did like steve, I left home with all settings on, came back the demo account was blown up by the NZD spike!!!

Jeff
  • #2,182
  • Edited 11:24am Dec 23, 2008 10:57am | Edited 11:24am
V4a has two new inputs:

  1. RetraceDistance. This tells the ea how far to let the strength move after leaving the pending trade zone - default is 5. For example, the pending weak trade point is 80; the ea will wait until the strength index falls to 75.
  2. MaximumSpread is the biggest spread you will accept. The ea will not send an individual trade if the spread exceeds this. It will continue to send the remaining trades.

As usual, I haven't actually tested these routines as the coding is so simple. Let me know if there is anything wrong.



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.
  4. V4a: added the MaximumSpread feature. Added the ability to chose the distance of retrace the ea waits before sending the basket.

Attached File(s)
File Type: ex4 KG basket range trading V4a.ex4   33 KB | 509 downloads
File Type: ex4 KG basket range trading Alpari V4a.ex4   33 KB | 427 downloads
  • #2,183
  • Dec 23, 2008 10:58am Dec 23, 2008 10:58am
Quoting jeff jordan
Live? Well I believe they will correct their mistake. By the way, can we utilize your presence there to be our representative when the need arises (just kidding). My live account is put on hold for now, as my luck may change with the New Year!!!, or so I was told!!!
Good luck eddie
I was not able to do any descent trading this week, the only one was today, and I did like steve, I left home with all settings on, came back the demo account was blown up by the NZD spike!!!

Jeff
No problems Jeff.... it was a spike this morning in the NZD feed - have a look back at my screen shots from this morning around 11am when it happened - I went from £114 to £1,113.00.

I was going to trade off their error and scalp a few pots at 1.0, but it didn't seem very "christmasy" if you get my drfit and it would have probably all gone belly up anyway.

Screwed up my basket trade.... now arguing to get some money back from them!

It happens... no broker can ever be 100%, life isnt like that.

Eddie
  • #2,184
  • Dec 23, 2008 11:00am Dec 23, 2008 11:00am
Quoting SteveHopwood
MaximumSpread
Is this what I would call "slippage" e.g the number of pips difference I will allow to open a trade?

Eddie
  • #2,185
  • Dec 23, 2008 11:00am Dec 23, 2008 11:00am
Quoting Kang_Gun
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
Salam KG,

Thanks bro... for your brilliant idea on this method...With the combination of our thoughts and with your guidance, you guys come out with the superb EA. Here is I attached the result for trading starting from last friday (for manual methods and KG MTF EA) till now. Currently, my KG Basket Range Trading (KBRT) EA is already closed and only 3 trades on going (Manual method with TM EA control, KG MTF EA with TM control and KG RS ALL EA v1.2a).

The manual method still on lost with 400 pips up and down, KG MTF EA at -161 pips, while KG RS ALL EA v1.2a is at -655 pips. I will close them shortly before I go for sleep whether lost or not..

Based on the tabulated result, shows that even KBRT ea is just only started today at Tokyo session, but it manage to accumulate 1267 pips for today.

I wish I could testing it until this weekend, but I'll be out 3-4 days for visiting my father-in-law who was been hospitalized today due to the critical illness. He stay about 400 km from my house. Honestly. trade with this method is really fun...

Insyallah..when I come back next week, I'll do the testing again and will post it in this forum.

Cheers..

Sahars
Attached File(s)
File Type: pdf Forex Comparison Resultx.pdf   31 KB | 560 downloads
  • #2,186
  • Dec 23, 2008 11:05am Dec 23, 2008 11:05am
Quoting SteveHopwood
V4a has two new inputs:

  1. RetraceDistance. This tells the ea how far to let the strength move after leaving the pending trade zone - default is 5. For example, the pending weak trade point is 80; the ea will wait until the strength index falls to 75.
  2. MaximumSpread is the biggest spread you will accept. The ea will not send an individual trade if the spread exceeds this. It will continue to send the remaining trades.

As usual, I haven't actually tested these routines as the coding is so simple. Let me know if there is anything wrong.

...

Steve

Basket hit SL, closed with TM, then another opened right behind it !

What have a done wrong?

If this is the way it works then opening another one right after a SL is hit is very bad news....

Eddie
  • #2,187
  • Dec 23, 2008 11:14am Dec 23, 2008 11:14am
Quoting matrixebiz
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
Yeah..your right..The order start close immediately after I change the setup accordingly as per your advice. I'll test it next monday and post the result in this forum. This EA is not bad, but the drawdown (DD) is scary..

Cheers

Sahars.
  • #2,188
  • Dec 23, 2008 11:16am Dec 23, 2008 11:16am
This is the result of:

a. the GBP basket which has never gone good
b. the instant re-open of the USD in a DD situation

Any ideas

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 23122008_1714.gif Size: 111 KB
  • #2,189
  • Dec 23, 2008 11:23am Dec 23, 2008 11:23am
Quoting sahars
Yeah..your right..The order start close immediately after I change the setup accordingly as per your advice. I'll test it next monday and post the result in this forum. This EA is not bad, but the drawdown (DD) is scary..

Cheers

Sahars.
Ok, good. You don't have to change all to true, only the ones you want of cource. For DD maybe set SL lower so the ones that go bad only loose a little then all the wins should make up for it.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,190
  • Dec 23, 2008 11:26am Dec 23, 2008 11:26am
Oops. The sharp-eyed amongst you will have spotted the error in the screen display in V4a - it was showing the incorrect Strong trade entry level.

If yours is doing this, just go back a few posts and redownload - I have corrected this.

  • #2,191
  • Dec 23, 2008 12:15pm Dec 23, 2008 12:15pm
Quoting Kang_Gun
iCustom(NULL,0,"RS_GROUP_JPY",0,i) for red line
iCustom(NULL,0,"RS_GROUP_JPY",1,i) for white line
Thank You !!
  • #2,192
  • Dec 23, 2008 12:22pm Dec 23, 2008 12:22pm
Quoting eddiemiller
Steve

Basket hit SL, closed with TM, then another opened right behind it !

What have a done wrong?

If this is the way it works then opening another one right after a SL is hit is very bad news....

Eddie
Most likely is the ea was waiting to send a weak basket because the strength had broken the point at which it regards trades as 'pending', then fallen back beyond the retrace point that triggers the actual trades.

When there is already a basket open, the ea will not send a replica. This time, it found no trades because your previous basket had hit the sl and closed, and so opened up a new basket.

  • #2,193
  • Dec 23, 2008 12:31pm Dec 23, 2008 12:31pm
Quoting sahars
Salam KG,

Thanks bro... for your brilliant idea on this method...With the combination of our thoughts and with your guidance, you guys come out with the superb EA. Here is I attached the result for trading starting from last friday (for manual methods and KG MTF EA) till now. Currently, my KG Basket Range Trading (KBRT) EA is already closed and only 3 trades on going (Manual method with TM EA control, KG MTF EA with TM control and KG RS ALL EA v1.2a).

The manual method still on lost with 400 pips up and down, KG MTF EA at -161 pips, while KG...
I'm so sorry about your father in law.
Thanks a lot for your testing and detail report. 1267 pips total... WOW !!! I only got 1089 pips using FXOPEN today... But i really happy because on ranging condition this system still survive. We will have a lot of test next year... before all of us use it on Real Account.

Regards,

KG
  • #2,194
  • Dec 23, 2008 2:06pm Dec 23, 2008 2:06pm
Quoting jeff jordan
It is strange! why for god sake the strong basket was not trigered here?

You still have the sleeping text showing.....


Eddie
  • #2,195
  • Dec 23, 2008 2:08pm Dec 23, 2008 2:08pm
Quoting SteveHopwood
Most likely is the ea was waiting to send a weak basket because the strength had broken the point at which it regards trades as 'pending', then fallen back beyond the retrace point that triggers the actual trades.

When there is already a basket open, the ea will not send a replica. This time, it found no trades because your previous basket had hit the sl and closed, and so opened up a new basket.

We need to be aware of that then as looking back it was the TP not a SL (my fault) under the break even setting.

To put it into context the profit was +£0.89p and the current DD is -£14.50. Guess you don't want that happening too often........

Eddie
  • #2,196
  • Dec 23, 2008 2:27pm Dec 23, 2008 2:27pm
turned so quick trade manager got lost, and so did my account!

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 23122008_2026.gif Size: 106 KB
  • #2,197
  • Dec 23, 2008 2:39pm Dec 23, 2008 2:39pm
Quoting sahars
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.


Hope this will clearer..and happy pipping..

Sahars

Thanks Sahars. Now i understand. I did not see a load button in inputs section. Thats why i keep asking how to load the "preset" files. Thanks again.
  • #2,198
  • Dec 23, 2008 2:41pm Dec 23, 2008 2:41pm
Quoting eddiemiller
You still have the sleeping text showing.....


Eddie
I thought I removed that message! anyway, it was not asctually sleeping, it was fully awake. that was a wrong shot!!!
  • #2,199
  • Dec 23, 2008 3:43pm Dec 23, 2008 3:43pm
Quoting jeff jordan
I thought I removed that message! anyway, it was not asctually sleeping, it was fully awake. that was a wrong shot!!!
ok can only work with what I have got!

I would leave it till after Christmas now - there isnt any more trade worth having..... everyone's on holiday!

Eddie
  • #2,200
  • Dec 23, 2008 7:38pm Dec 23, 2008 7:38pm
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
consider any compensation you got as a bonus, alpari was not the only one to show this spike obn all NZD pairs. Oanda which statistically has shown to round tick moves shows the very same spike. if anyone is trading via MBT I am sure they could also show the same spike.
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