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Relative Strength Basket Trading System

  • #2,441
  • Jan 5, 2009 5:36am Jan 5, 2009 5:36am
Quoting maxdd
Hey guys,
Having a nice day - no SL!
- Closed the 6 outstanding baskets from fri first thing in the morning....
What lot size are you using?

If on a 0.01 as Steve advises $60 TP is miles away.........

Try

TP $20
JSL $3

Eddie
  • #2,442
  • Jan 5, 2009 5:56am Jan 5, 2009 5:56am
Quoting Watercooler
Salam KG,

For FXopen, did you fill dot or leave blank in pairsuffix? Many thanks for your help
Since the default value for the suffix is "m", you need to delete it. If you
"space" it out, it won't work because the program takes the space or blank as the suffix.
  • #2,443
  • Jan 5, 2009 6:16am Jan 5, 2009 6:16am
Quoting saintmo
Since the default value for the suffix is "m", you need to delete it. If you
"space" it out, it won't work because the program takes the space or blank as the suffix.

thanks, but fxopen has "dot" after pair name. that's why i asked. I try both ( blank and dot) but no open trade yet. Hopefully this EA can be running smoothly in my FXopen. ODL seems cannot work with this EA.
  • #2,444
  • Jan 5, 2009 6:17am Jan 5, 2009 6:17am
Quoting saintmo
Since the default value for the suffix is "m", you need to delete it. If you
"space" it out, it won't work because the program takes the space or blank as the suffix.
nicely put.

eddie
  • #2,445
  • Jan 5, 2009 6:18am Jan 5, 2009 6:18am
Quoting Watercooler
thanks, but fxopen has "dot" after pair name. that's why i asked. I try both ( blank and dot) but no open trade yet. Hopefully this EA can be running smoothly in my FXopen. ODL seems cannot work with this EA.
before NOT after.

This setting is a prefix.

Eddie
  • #2,446
  • Jan 5, 2009 6:51am Jan 5, 2009 6:51am
LOL - On a side note been on the EURUSD pair as a old time trade....... used to be my pair of choice before getting in here with the baskets.

Been a good morning.... 45% profit.... seriously..... one of those days.....

Eddie
  • #2,447
  • Jan 5, 2009 7:17am Jan 5, 2009 7:17am
Whats the avg time one leaves the basket open? or when should we close the basket if its pulls into a minus and stays there?
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If you can bend in the wind you can ride the storm.
  • #2,448
  • Jan 5, 2009 7:24am Jan 5, 2009 7:24am
what kind of memory resources do you have on the machine running the EA?
  • #2,449
  • Jan 5, 2009 7:27am Jan 5, 2009 7:27am
Quoting Blud4oilPrgm
what kind of memory resources do you have on the machine running the EA?
2 GB of ram.
If you can bend in the wind you can ride the storm.
  • #2,450
  • Jan 5, 2009 7:36am Jan 5, 2009 7:36am
A nice to have is: I had three baskets open and i was in profit with +- $16. My weak and strong TP were set to $20. Couldn't we have an overall TP of the end amount? I know how this my sound but there could be a instance that we can be a negative on some baskets so to protect us could we have the option of settings this. just a thought

Btw I lost out with -$11
If you can bend in the wind you can ride the storm.
  • #2,451
  • Jan 5, 2009 7:40am Jan 5, 2009 7:40am
Quoting highrisk
A nice to have is: I had three baskets open and i was in profit with +- $16. My weak and strong TP were set to $20. Couldn't we have an overall TP of the end amount? I know how this my sound but there could be a instance that we can be a negative on some baskets so to protect us could we have the option of settings this. just a thought

Btw I lost out with -$11
Were you trading 0.01 lots?

Did you have an overall +$16 on everything open? (if you did with the 0.01 lots you should have taken it as that is a good profit).

Why did you close out? Did you run out of money or did you close them, or did you have a SL in place?

Put it this way..... some of the trades have taken time to profit, but to date I haven't seen any fail.

Some of the trades were open for a few minutes/hours.... some have been left for a week to turn around.

Eddie
  • #2,452
  • Jan 5, 2009 7:53am Jan 5, 2009 7:53am
Quoting eddiemiller
Were you trading 0.01 lots?
Yes
Did you have an overall +$16 on everything open?
Yes
(if you did with the 0.01 lots you should have taken it as that is a good profit).
[color="red"]Was looking at the the overall picture

So leave the trades alone yes? or until the SL kicks in.
Thanks Eddie
If you can bend in the wind you can ride the storm.
  • #2,453
  • Jan 5, 2009 7:56am Jan 5, 2009 7:56am
Quoting highrisk

So leave the trades alone yes? or until the SL kicks in.
Thanks Eddie
Sorry not sure where is the rest of the quotes

Why did you close out?

me: thought that when i was down i should close out.

Did you run out of money or did you close them

me: I closed them

or did you have a SL in place?

me: Yes SL of $ 20
If you can bend in the wind you can ride the storm.
  • #2,454
  • Jan 5, 2009 8:02am Jan 5, 2009 8:02am
Quoting highrisk
Sorry not sure where is the rest of the quotes

Why did you close out?

me: thought that when i was down i should close out.

Did you run out of money or did you close them

me: I closed them

or did you have a SL in place?

me: Yes SL of $ 20
Ok.....

1. We discussed the stop loss feature a few days back and decided that based on the tests completed so far that a SL goes against the basket.

Remember that when you open a basket trade (depending on spread/settings/number of pairs etc) you could well be 50 pips down... so when is enough, enough?

2. If you have a decent profit on a basket (and for me on a 0.01 lot account - £ 0.07 pence) then based on this $5 overall is a result and I would close.

3. You need to leave it alone. This is NOT a scalping method and it may take 5 minutes, 5 hours or 5 days before you get to a profitable close position.


Practice on a demo account and after a week or so you should start to understand where to go with this EA.

Any help let us know.....

Eddie
  • #2,455
  • Jan 5, 2009 8:07am Jan 5, 2009 8:07am
Cool thanks for your help Eddie i just started running the EA Basket today have been trading manual.
If you can bend in the wind you can ride the storm.
  • #2,456
  • Jan 5, 2009 8:24am Jan 5, 2009 8:24am
Quoting highrisk
Cool thanks for your help Eddie i just started running the EA Basket today have been trading manual.
your welcome.

Eddie
  • #2,457
  • Jan 5, 2009 8:27am Jan 5, 2009 8:27am
Steve,

Looking at the way this started and what we got two the differences are.....

- we used to wait till it passed the 50 line, now we go either 20/80
- The 10 Rule is the same as the retrace isn't it?

Right?

(nice job all round.....)

Eddie
  • #2,458
  • Jan 5, 2009 8:38am Jan 5, 2009 8:38am
US Trigger, V9a, opened 2 sell usd/*** and 2 buy ***/usd is that correct?
  • #2,459
  • Jan 5, 2009 8:43am Jan 5, 2009 8:43am
Quoting sundog
US Trigger, V9a, opened 2 sell usd/*** and 2 buy ***/usd is that correct?
Some of the pairs are quoted USDxxx and some xxxUSD so depending on what you want to do would depend on the buy/sell and you may well get a mix.

Eddie
  • #2,460
  • Jan 5, 2009 9:04am Jan 5, 2009 9:04am
Steve,

Latest EA set to trade current style, EUR was at 13, now 26.... nothing opened.

All settings ok.

Eddie
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