i wish you all Merry X'Mas & Happy New Year..
Relative Strength Basket Trading System
- #2,202
- Edited 4:23am Dec 24, 2008 4:20am | Edited 4:23am
- | Joined Jan 2007 | Status: Trader | 628 Posts
I just started trading the system on demo recently, and I wanted to wish everyone here a blessed and safe holiday season -- and a very profitable new year. 
I'm still reading through all the large number of posts to understand the system completely.
Here's a small gift for everyone:
It's a youtube video called "The Whipsaw Song" by trading legend Ed Seykota.
It's not new -- it's been here before -- but it's funny and it's something to keep you entertained while you wait for the next trade. I hope you enjoy it.
Best wishes,
PistolDave
I'm still reading through all the large number of posts to understand the system completely.
Here's a small gift for everyone:
It's a youtube video called "The Whipsaw Song" by trading legend Ed Seykota.
It's not new -- it's been here before -- but it's funny and it's something to keep you entertained while you wait for the next trade. I hope you enjoy it.
Inserted Video
Best wishes,
PistolDave
- #2,203
- Dec 24, 2008 10:20am Dec 24, 2008 10:20am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I knocked off live trading yesterday, imaging there would be insufficient volume to generate decent trades.
I left the demo running and it has closed three baskets today. The account is up 22% since starting on Sunday night, and that is in a quiet week.
Boy, but I am looking forward to the New Year.
For now, have a great Christmas everyone.
I left the demo running and it has closed three baskets today. The account is up 22% since starting on Sunday night, and that is in a quiet week.
Boy, but I am looking forward to the New Year.
For now, have a great Christmas everyone.
- #2,209
- Dec 26, 2008 7:05pm Dec 26, 2008 7:05pm
- | Joined Jun 2007 | Status: Trader | 1,021 Posts
I knocked off live trading yesterday, imaging there would be insufficient volume to generate decent trades.
I left the demo running and it has closed three baskets today. The account is up 22% since starting on Sunday night, and that is in a quiet week.
Boy, but I am looking forward to the New Year.
For now, have a great Christmas everyone.
thanks in advance.
- #2,210
- Dec 27, 2008 5:55am Dec 27, 2008 5:55am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve do you still using 10 risk 1 reward?
thanks in advance.
- #2,211
- Dec 27, 2008 6:20am Dec 27, 2008 6:20am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
V5 is attached in the zip file.
It includes a couple of tiny bits to clean up the feedback display - consult the 'How to use the EA' pdf for details, if they are not obvious.
I have added the EUR and CHF triggers. Anyone trading all 5 triggers available so far will need 10 charts with an instance of the trade manager attached and monitoring the correct magic number.
This is already becoming unwieldy. By the time the EA is finished, we will be needing a ridiculous number of trade managers, so I have started to import the management features into the trading EA.
So far, all I have set up is a basket take profit - I shall add other features as i work out how to code them. Frankly, it will be a miracle if all this works first time. I have been coding at a time when the markets are effectively shut and so have not been able to test the feature. DO NOT USE THIS LIVE. THERE WILL BE BUGS.
Put the EA on demo and please report back any inconsistencies/errors. I especially need those of you with an eye for detail to look closely. I have no eye for detail and easily miss things. Nobody noticed, for example, that I had missed GBPCAD off the GBP basket; the pair was right at the bottom of the IBFX chart list and I had to scroll down one to see it - something I had not done. It is that sort of detail that I miss.
The attachment has everything we need - the indi, all the set files for the manager, the manager, instructions, scripts for closing individual baskets etc. I thought this would be more convenient for newcomers if everything was in one place. The rest of you, download the zip and extract what you need. The set files for the trade manager have the name of the magic number they will monitor.
The development plan is:
It includes a couple of tiny bits to clean up the feedback display - consult the 'How to use the EA' pdf for details, if they are not obvious.
I have added the EUR and CHF triggers. Anyone trading all 5 triggers available so far will need 10 charts with an instance of the trade manager attached and monitoring the correct magic number.
This is already becoming unwieldy. By the time the EA is finished, we will be needing a ridiculous number of trade managers, so I have started to import the management features into the trading EA.
So far, all I have set up is a basket take profit - I shall add other features as i work out how to code them. Frankly, it will be a miracle if all this works first time. I have been coding at a time when the markets are effectively shut and so have not been able to test the feature. DO NOT USE THIS LIVE. THERE WILL BE BUGS.
Put the EA on demo and please report back any inconsistencies/errors. I especially need those of you with an eye for detail to look closely. I have no eye for detail and easily miss things. Nobody noticed, for example, that I had missed GBPCAD off the GBP basket; the pair was right at the bottom of the IBFX chart list and I had to scroll down one to see it - something I had not done. It is that sort of detail that I miss.
The attachment has everything we need - the indi, all the set files for the manager, the manager, instructions, scripts for closing individual baskets etc. I thought this would be more convenient for newcomers if everything was in one place. The rest of you, download the zip and extract what you need. The set files for the trade manager have the name of the magic number they will monitor.
The development plan is:
- Add a basket stop loss facility. I am not using one, but feel we should have the option.
- Add a basket jumping stop facility.
- Add the remaining triggers.
This will turn the EA into an auto-trader. Traders wanting more flexibility will be able to continue to use the trade manager.
A note to newcommers. If you do not know exactly what this EA does, then you cannot trade it - you will blow your account.
- If you do not know the basic trading strategy that evolved from using KG's indicators, then go to the start of the thread and read until you do.
- If you do know the basic strategy but do not understand the range trading that this EA represents, then go back to post no 1089 on page 73, and read until you do.
Above all, don't ask me silly questions that make it blatantly clear you are clueless; I shall ignore them.
Cheers guys. Have fun when the markets open tomorrow.
Update details
- V3a: fixed the incorrect entries in the xxxUSDUSDxxx baskets.
- 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'.
- V4: added the GBP trigger.
- V4a: added the MaximumSpread feature. Added the ability to chose the distance of retrace the ea waits before sending the basket.
- V5:
- added EUR and CHF triggers.
- Added the DisplayGapSize input to help tidy up the feedback display.
- Added the missed GBPCAD pair to the GBP basket.
- Added the option to turn off the screen display of magic numbers.
- Added the basket take profit option.
- #2,212
- Dec 27, 2008 8:11am Dec 27, 2008 8:11am
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
- #2,213
- Edited 11:38am Dec 27, 2008 10:52am | Edited 11:38am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Enjoy your vacation my friend, close your pc or laptop, play with your familly..
Programming is my hobby, KG. Some people play with the kids; some do the gardening; some build things; I program software.
What a nerd.
- #2,214
- Dec 27, 2008 10:55am Dec 27, 2008 10:55am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
You know the amount of work going into this is amazing
And I am thinking some people are having fun
And maybe learning about the market
because really everything you are doing can be done
the easy way, the way the banks & trading houses do it ...
1. With the simple USD
2. or if you like USD Index ... for all the major pair
which is why there is a USD index?
Cheers
teb
And I am thinking some people are having fun
And maybe learning about the market
because really everything you are doing can be done
the easy way, the way the banks & trading houses do it ...
1. With the simple USD
2. or if you like USD Index ... for all the major pair
which is why there is a USD index?
Cheers
teb
- #2,215
- Edited 8:09am Dec 28, 2008 7:34am | Edited 8:09am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- #2,216
- Dec 28, 2008 10:09am Dec 28, 2008 10:09am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hey Steve, great work, thanks for the EA and effort you put into it.
Here is v1.2b of my latest EA that includes a Max_Allowed_Spread option to stay way from the pairs that have high spreads, IBFX is bad for having high spreads.
Neither strategy worked. Both accounts are up in balance but left with trades in a dd that doesn't look like going away.
This week I am going to try a 30/30 tp/sl. If that works, I shall try a 45/30. We shall see.
Here is a Multi Spread indicator if you want.
- #2,217
- Dec 28, 2008 10:19am Dec 28, 2008 10:19am
- | Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts
- #2,218
- Dec 28, 2008 10:22am Dec 28, 2008 10:22am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
My pleasure, matrixebiz. It is great to be able to contribute.
Cheers matrixebiz. Last week I tried 1) Not using tpsl and using my manager to close a position at 5% profit; 2) Going with the default tp but no sl.
Neither strategy worked. Both accounts are up in balance but left with trades in a dd that doesn't look like going away.
This week I am going to try a 30/30 tp/sl. If that works, I shall try a 45/30. We shall see.
Thanks. I was hoping you would let us have this.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- #2,219
- Dec 28, 2008 11:30am Dec 28, 2008 11:30am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
V6 is attached. This version has a Take Profit, Stop Loss and Jumping Stop Loss.
I will be surprised if these routines work straight off. I have released them in time for market opening so that problems are highlighted on demo. If you prefer not to mess around with this release, then stick to V4a until I can say for sure that the coding is correct.
Update details
I will be surprised if these routines work straight off. I have released them in time for market opening so that problems are highlighted on demo. If you prefer not to mess around with this release, then stick to V4a until I can say for sure that the coding is correct.
Update details
- V3a: fixed the incorrect entries in the xxxUSDUSDxxx baskets.
- 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'.
- V4: added the GBP trigger.
- V4a: added the MaximumSpread feature. Added the ability to chose the distance of retrace the ea waits before sending the basket.
- V5:
- added EUR and CHF triggers.
- Added the DisplayGapSize input to help tidy up the feedback display.
- Added the missed GBPCAD pair to the GBP basket.
- Added the option to turn off the screen display of magic numbers.
- Added the basket take profit option.
- V6: added the basket stop loss and jumping stop functions.
- #2,220
- Dec 28, 2008 3:54pm Dec 28, 2008 3:54pm
Hello Steve,
Many thanks for your wonderful and brilliant work on making a profitable expert advisor for this system at least in my demo testing your previous versions so far. Your trading skills and programming skills help many people.
Regards,
Jeff
Many thanks for your wonderful and brilliant work on making a profitable expert advisor for this system at least in my demo testing your previous versions so far. Your trading skills and programming skills help many people.
Regards,
Jeff
V6 is attached. This version has a Take Profit, Stop Loss and Jumping Stop Loss.
I will be surprised if these routines work straight off. I have released them in time for market opening so that problems are highlighted on demo. If you prefer not to mess around with this release, then stick to V4a until I can say for sure that the coding is correct.
Update details[list][*]V3a: fixed the incorrect entries in the xxxUSDUSDxxx baskets.[*]V3b: (1) Fixed the user feedback display. (2) Added feedback to show when the ea is waiting for a retrace...