Relative Strength Basket Trading System

Steve,

Just opened and closed 2 AUD baskets, then open again straight away.

Eddie

The spread on EURAUD has gone bonkers.

Cheers Eddie. This sent me looking at the code for AUD and I found an error straight away - not sure if this will solve this problem, but it helps avoid a different one....................



Edit
Which led me to notice that I could add a line of code that should help cut out some of the apparently random basket entries.

Your welcome......

I am out of here now till Friday... Have a good new year all.



Eddie

Thanks KG, Steve, Matrixebiz, Eddie, and those of you that have contributed so much to this thread. I wish you and all the members of this thread a Happy New Year.

Misterpipster

Hey Steve,

I can't believe the results I have had since yesterday morning. At this time I am up approximately net 2,200 chart pips, with the balance up over 2,800 chart pips. I am going to turn it off in a couple of hours. But, wow, that is impressive. I am still using V8. I hope to go live with this next week. Thanks Steve.

Misterpipster

I know, it is amazing. Despite all the faffing around chasing down the bugs and spending a large part of today with a version that couldn't place trades even when it wanted, my live account is up 2.3% today, 10.6% since Monday. Lovely. The drawdown has mostly been comfortable, too.

By next week, we should have an ea that has most of the Steve-inspired idiocy ironed out of it.

Whilst it is true that I am producing this ea, the credit has to go to KG for writing the brilliant indi that makes the ea possible. Without KG RS GROUP, none of this would be possible. I am just the mechanic bolting things together.

Kang, that explanation helps a lot. Thank you. I have another request of either you or one of the other programmers here. Currently my chart setup has the RS_Group_USD and RS_Group_EUR plotted on it. I'm currently using version 1.1. It would be kewl if multiple time frames could be plotted on the same chart. For example, on my daily chart it would be neat if I could plot the weekly indicator. Is this something you guys can do? Thanks again. Hugh guys ROCK!

Thank you TEB63, and happy new year, hope God bless you next year.

And thank you for your warning about this system. I'm just a newbie in this forex worlds, just about 7 years... still a baby in this bussiness. But, we don't know yet what will happened with this system in the future. We have just begin, we explore it, we observ it and i learn so much with this experience... I don't care this system will fail or works then, but the important things is we got an experience here.. when we observ it, when we fail, when we try another way, we learn a lot about market...

So, the system will fail or works IS NOT IMPORTANT at the end. The important things is the spirit to learn, to not give up, always try to solve the problem and everything that could make us be better as a trader or human being.

Happy New Year TEB63


Best regards,

KG

Hi TEB

You Think that you are know it all man but you are not and let me tell you all your systems are wrong and without proper direction and also let me tell you even if forex make me out I don"t care because your are a person think that you are the god of forex but I regret your are not

The reason is you will not and you will never reach the IQ of KG,steve,Metribex
Any way happy new year

Happy New Year to all.

Thanks very much for a very interesting thread - usually I'm pretty quiet - but seeing the sharing of knowledge evident in this topic I'd love to contribute what I can. Thanks particularly to KG, Steve, Matrix and Hari for your efforts.

I started trading V8a over the last 12 hrs or so. Steve, I realise you've moved on with development so I'll hold back from too much detail. If you wanted a summary log of all the basket details let me know.

Brief Summary
Platform - IBFXm
EA - KG basket range trading V8a - also looking after management
Account size start $5000
Trade size 0.3
Enter rules 75/25
TP/SL $60
Not trading CAD and NZD
Timeframe 1hr
Trading duration 31/12/08 0650-2000 hrs IBFX platform time
Total baskets 32
Total TP 14 baskets
Total SL 15 baskets
Open 3 Baskets -$90
End Equity $4820
Loss 3.6%

Clearly some teething troubles with the EA - but just the start. I'll update to V8c. I'm looking forward to helping develop this system - thanks guys.

Cheers

Happy New year 2009


I am very clear what I have posted about TEB and I even went to his site and posted my protest

He will draw in his chart some lines and numbers which is not part of any indicator and that too in 5 minute chart

TEB Your time is over look back there is a big line and all promisng stars

Similar post will be their in TEB thread

The year is at an end -- and I have learned a lot from all of you!
Hopefully 2008 was a good one for you, and as profitable as you had hoped.
I sincerely wish prosperity and health for you and all my friends here at FF in 2009.
Happy new year to you!

V9 is attached.

I wanted to hold off before releasing this, to make sure the jumping stop routine does work properly. The difficulty with that is it might take into next week because I will only know the js works when it has worked, and we need some decent market movement to test that.

If the js works, then V9 is pretty much the complete ea, unless usage throws up any more bugs. Please report any instances of the ea closing a basket and then immediately re-opening one for no apparent reason.

I have drawn a line under V8 because it was so bug-infested. Coders will understand when I say this was all down to lousy program design. When I wrote the V1, it was intended for xxxJPY alone. Once I understood the demand for all 8 trigger pairs, I should have re-designed the ea so that calls were made to the same functions, passing appropriate parameters. Instead, I took the lazy way out of merely copy/pasting the functions and renaming the variables. This makes bug-hunting a nightmare, and the number of times I mucked up the renaming is far to embarassing to detail. I may yet redesign the ea so it is a better piece of programming, but for now i am going with the 'if it aint bust, then don't fix it' approach.

There is nothing new in V9; it is merely V8c with the bugs removed that were highlighted by Eddie and others yesterday. These were drastic bugs, so you do need to replace V8c with V9.

I used V9 on my live account once I had squashed the bugs, through until the markets effectively closed last night; it opened and closed a GBP basket successfully, and managed a couple of straggler baskets from the start of the week through to tp. The set file is the default settings, so check them to make sure they suit you. Take care especially with the lot size. Mine is an IBFX account that allows nano-lots where i pip = approx 1 cent. This makes trading relatively safe at 0.01 lots on my $146 account. Mind, the account was $101 before i read this thread and started trading the range extremes, so the balance is definitely heading in the right direction.

I am not sure whether Alpari's change to a 5 decimal point quote system will affect the ea. I do not think it will, as it addresses the results of the KG RS GROUP calculations, but we shall see. I have an Alpari demo running.

So, thanks for all your support everyone. Thanks especially to those who report bugs. I reckon it must be new year just about everywhere by now, so Happy New Year, Everyone.




BIG EDIT
I have deleted the download from here because I had a few more thoughts. Go to post no 2359 on the next page to download and read my thoughts.


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.
V6a: added the missed GBPAUD and CADCHF pairs.
V7: added AUD trigger,
V8: added NZD and CAD triggers. Sorted out AUD glitches – I think. Sorted out the jumping stop – possibly. Added Shirt Protection and Global Order Closure.
V8a: solved the problem of baskets closing then the EA immediately opening a fresh one – I think.
V8b: corrected some mis-coding. Jumping stop is partially working – sets a breakeven.
V8c: removed the line of code that stopped V8b placing any trades at all.
V9: removed the bugs highlighted by Eddie's posts.

Happy New Year to all.

This thread is a trade altering affair thank you

The Zip file is not attached. V9

Oops. It is now.

its there for me, the ex file that is

Dear all,

I think mods already delete TEB63 post before in this thread. And i know a few of you feel mad with his post. Please, just forget it and forgive it.. it's common happened in forums like this... Just focus to our journey here...

Best Regards,

KG

I thought about possible reasons for the ea closing a basket and immediately re-opening, so I looked through the code again and spotted a few more opportunities to cancel the trades pending variables. If this does not solve the problem, then I am taking up golf instead of programming.

If you downloaded V9 from the previous page, then simply re-download it again here.

Steve, KG, Matrix, et al.,

Many thanks for your work in this thread and for your relentless efforts to improve the indicators and the EAs.

Maxreturn, I would be interested in a single pair trading strategy too. By superimposing two 1.2 single currency indicators and looking at two TFs I think there are pips to be made. This is possibly what you were referring to?

Example: Overlay RS_GROUP_EUR V1.2 and RS_GROUP_USD V1.2 on M5 or M15 and that gives you the direction to trade. Then bring up the same indicators on the H1 chart and don't trade against that longer term trend.

Use the Activity_indic_1 [blue&yellow]>0 (long) or [red&blue<0] (short) for strength confirmation.

I'm going to experiment with that next week once the markets pick up. Please let us know if and where you do open another thread.

Happy New Year to everyone

^ Optimist ^