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Relative Strength Basket Trading System

  • #2,321
  • Dec 31, 2008 10:40am Dec 31, 2008 10:40am
I am not sure what happened here... opened and closed straight away with a £2.00 profit!

Doesn't seem right to me.....

Eddie
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  • #2,322
  • Dec 31, 2008 10:42am Dec 31, 2008 10:42am
Greetings Kang. I have found what I believe to be a very exciting use of trading individual pairs using just the RS_Group_XXX indicators. Sometime early next year I plan on starting another thread to share these discoveries since the method is not basket trading and also incorporates some of my own methods.

Before I do this I would like at least a basic understanding of what these indicators measure and the math behind them. Can you answer this or direct me to the posting which does? Thanks for the GREAT work you guys do on this thread. It has made a HUGE difference for me!

HAPPY NEW YEAR EVERYONE
  • #2,323
  • Dec 31, 2008 10:44am Dec 31, 2008 10:44am
Perhaps I am missing something.... MaxSpread is per trade or per basket?

If per trade why not set the pairs where the brokers spread is high to false and leave them out?

Is this setting to save you having to do each one individually?

Eddie
  • #2,324
  • Dec 31, 2008 10:49am Dec 31, 2008 10:49am
MaxSpread is per pair. I dont want to switch on/off each pair or basket.

The whole process is done using Arrays for maximum speed.

string Basket[8] = {"AUD","CAD","CHF","EUR","GBP","JPY","NZD","USD"};
string Currency[29] = {"USDCHF","GBPUSD","EURUSD","USDJPY","AUDUSD","USDCAD","EURGBP","EURCHF","EURJPY","GBPJPY",
"GBPCHF","EURAUD","NZDUSD","CHFJPY","CADCHF","CADJPY","EURCAD","NZDJPY","EURNZD","AUDCAD",
"AUDCHF","AUDNZD","AUDJPY","USDSGD","USDDKK","USDNOK","USDSEK","SGDJPY","USDHKD"};
  • #2,325
  • Dec 31, 2008 10:51am Dec 31, 2008 10:51am
[quote]
Quoting Kang_Gun
The pairs that needed by indicators are the combination pairs of eight currency that we use (GBP, NZD,AUD, USD, JPY, CAD, CHF, EUR).
KG, happy new year to you and all our friends here.

recall that I raised this issue a few days ago.
The following pairs are missing from Alpari UK!!
GBPAUD
GBPCAD
GBPNZD
NZDCHF
NZDCAD

Again, does this mean that all the testing we have done was incorrect since the calculation was based on 28 not 23 pairs? please advise, thanks.

Jeff
  • #2,326
  • Dec 31, 2008 10:52am Dec 31, 2008 10:52am
Quoting cybernet69
MaxSpread is per pair. I dont want to switch on/off each pair or basket.

The whole process is done using Arrays for maximum speed.

string Basket[8] = {"AUD","CAD","CHF","EUR","GBP","JPY","NZD","USD"};
string Currency[29] = {"USDCHF","GBPUSD","EURUSD","USDJPY","AUDUSD","USDCAD","EURGBP","EURCHF","EURJPY","GBPJPY",...
Thank you for letting me know.

Is the spread based on pips? Reason I ask is that if I set it to 20 and Alpari uses 5 decimal places then that in effect is "2 pips", right?

This may explain why nothing is opening except the odd few trade.........

Eddie
  • #2,327
  • Dec 31, 2008 10:54am Dec 31, 2008 10:54am
My EA has not been published.

Alpari UK are using 5 decimal places on DEMO account and next week LIVE account will be the same.

So, EURUSD is now a spread of 20 etc. So i calculate the spread by dividing by 10.

Hope that helps.
  • #2,328
  • Dec 31, 2008 10:55am Dec 31, 2008 10:55am
[quote=jeff jordan;2444433]
Quote


KG, happy new year to you and all our friends here.

recall that I raised this issue a few days ago.
The following pairs are missing from Alpari UK!!
GBPAUD
GBPCAD
GBPNZD
NZDCHF
NZDCAD

Again, does this mean that all the testing we have done was incorrect since the calculation was based on 28 not 23 pairs? please advise, thanks.

Jeff

as listed on alpari.co.uk/en/cspec/

Eddie
  • #2,329
  • Dec 31, 2008 10:57am Dec 31, 2008 10:57am
Quoting cybernet69
My EA has not been published.

Alpari UK are using 5 decimal places on DEMO account and next week LIVE account will be the same.

So, EURUSD is now a spread of 20 etc. So i calculate the spread by dividing by 10.

Hope that helps.
Depends how Steve's EA works out the spread... if it divides by 10 or not....

Put another way if I select "20" as the spread is is looking at 20,2 or 200?



(I use live and demo accounts)

Eddie
  • #2,330
  • Dec 31, 2008 10:57am Dec 31, 2008 10:57am
You can build in a error check to see if your broker supports a currency pair before you keep trying to trade it. This is what i have built into my EA.
  • #2,331
  • Dec 31, 2008 10:59am Dec 31, 2008 10:59am
Quoting eddiemiller
I am not sure what happened here... opened and closed straight away with a £2.00 profit!

Doesn't seem right to me.....

Eddie
It is the jumping stop. I finally managed to watch one on demo. On triggering, the ea is supposed to set the js to breakeven. In fact, it sets it to the figure in JumpingStopDollars, so even a tiny retrace will cause it to close the basket.

I have corrected this and am just waiting for another opportunity to test it before releasing the next version.

  • #2,332
  • Dec 31, 2008 11:00am Dec 31, 2008 11:00am
Quoting maxreturn
Greetings Kang. I have found what I believe to be a very exciting use of trading individual pairs using just the RS_Group_XXX indicators. Sometime early next year I plan on starting another thread to share these discoveries since the method is not basket trading and also incorporates some of my own methods.

Before I do this I would like at least a basic understanding of what these indicators measure and the math behind them. Can you answer this or direct me to the posting which does? Thanks for the GREAT work you guys do on this thread. It has...
The math behind those indicator are simple, first we should find & calculate the pips (point) movement on each pairs. And then we calculate the average pips movement of each currency by group... and using strength formula we calculate the strength that have range between 0 to 100. That's all... the rest i will keep with me... is it OK ?

I will be glad if you open the new thread for individual trading, i will be there... hehehehe happy new year my friend

KG
  • #2,333
  • Dec 31, 2008 11:01am Dec 31, 2008 11:01am
Quoting Kang_Gun
Yes... Steve, with ibfx the accuration decrease about 5% ... I'm still working to solve this problem so we can use the broker that have pairs below 28 pairs...

Thanks

KG
Awesome my live account is with IBFX, good luck
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,334
  • Dec 31, 2008 11:02am Dec 31, 2008 11:02am
KG, it must be new year in Indonesia by now - we still have a few hours to ge here in the UK.

Happy New Year. It looks like being a good one.

  • #2,335
  • Dec 31, 2008 11:06am Dec 31, 2008 11:06am
[quote=jeff jordan;2444433]
Quote


KG, happy new year to you and all our friends here.

recall that I raised this issue a few days ago.
The following pairs are missing from Alpari UK!!
GBPAUD
GBPCAD
GBPNZD
NZDCHF
NZDCAD

Again, does this mean that all the testing we have done was incorrect since the calculation was based on 28 not 23 pairs? please advise, thanks.

Jeff

Jeff, i have my demo running on alpari and ibfx too. Base on my data, the max different for both broker with fxopen that i used is about 5% accuration. And so far, it's still ok but i suggest use broker that have all 28 pairs needed by the indicator.

Salam,

KG
  • #2,336
  • Dec 31, 2008 11:09am Dec 31, 2008 11:09am
Quoting SteveHopwood
KG, it must be new year in Indonesia by now - we still have a few hours to ge here in the UK.

Happy New Year. It looks like being a good one.

Yeah, we have a small party here.... HAPPY NEW YEAR my friend...

Thanks

KG
  • #2,337
  • Dec 31, 2008 11:10am Dec 31, 2008 11:10am
Quoting matrixebiz
Awesome my live account is with IBFX, good luck
Hahahahaahahahaha it's ok.... HAPPY NEW YEAR bro...

KG
  • #2,338
  • Dec 31, 2008 11:13am Dec 31, 2008 11:13am
[quote=eddiemiller;2444443]
Quoting jeff jordan

as listed on alpari.co.uk/en/cspec/

Eddie
Hi Eddie,
excuse me of being a little bit slow these days, some horrible things are happening!!!
I am not sure I get it!!! Eddie

Jeff
  • #2,339
  • Dec 31, 2008 11:24am Dec 31, 2008 11:24am
[quote=jeff jordan;2444478]
Quoting eddiemiller

Hi Eddie,
excuse me of being a little bit slow these days, some horrible things are happening!!!
I am not sure I get it!!! Eddie

Jeff
Thats the page that showa all the pairs you can trade on Alpari (same as me!)

Eddie
  • #2,340
  • Dec 31, 2008 11:26am Dec 31, 2008 11:26am
Here is the new version KG RS GROUP V1.2a. In this version you can play with smoothing Moving Average period. Just play with "Fast" input to see the different, default is 1. The rest still the same with V1.1.

I don't know yet it will be help or not, but please explore it to make our system here work better.

Regards,

KG
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