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Relative Strength Basket Trading System

  • #2,461
  • Jan 5, 2009 9:19am Jan 5, 2009 9:19am
3 good 3 bad today - all manual

(nothing to do with the EA, just had several private messages disputing my claims earlier at a 45% profit.......)

Enjoy

Eddie
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  • #2,462
  • Jan 5, 2009 9:27am Jan 5, 2009 9:27am
Quoting eddiemiller
Steve,

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

All settings ok.

Eddie

Yes I saw the same thing as Eddie, but I have an open EUR trigger I assumed that was why.

Eddie, thanks for the answer.. I figured that after I posted.
  • #2,463
  • Jan 5, 2009 9:31am Jan 5, 2009 9:31am
Quoting eddiemiller
Steve,

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

All settings ok.

Eddie
Your maximum spread of 100 is quite small. Looking at the multipair spread monitor just now, 3 of the EUR pairs were exceeding this. Most likely then is that the EA concluded there were not enough trades available to make a decent basket.

Try increasing your maximum spread to 200.

  • #2,464
  • Jan 5, 2009 10:15am Jan 5, 2009 10:15am
Steve,

Thanks for the the KG Basket Flexible EA....You awesome...!! I just testing it and found that the EA does not allow to open both method...We have to choose either original method or range method..It is suppose to act like this..?!.

The EA also open more than 24 trades (my set follow your default setup) and in certain case is open up to 32 trades. Pls refer to the attached pictures.

The good thing about this EA, even it open more than allowed in the setup, the DD is far less than KG Basket Range V9b. So far the highest DD is $30 compare to $65 at KG Basket Range V9b.

Cheers

Sahars.
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  • #2,465
  • Jan 5, 2009 10:33am Jan 5, 2009 10:33am
Quoting sahars
Steve,

Thanks for the the KG Basket Flexible EA....You awesome...!! I just testing it and found that the EA does not allow to open both method...We have to choose either original method or range method..It is suppose to act like this..?!.

The EA also open more than 24 trades (my set follow your default setup) and in certain case is open up to 32 trades. Pls refer to the attached pictures.

The good thing about this EA, even it open more than allowed in the setup, the DD is far less than KG Basket Range V9b. So far the highest DD is $30 compare...
Cheers Sahars. Thanks for your kind comments.

Read the 'How to' pdf that you downloaded with the zipfile. All the basics are in there.

  • #2,466
  • Jan 5, 2009 10:43am Jan 5, 2009 10:43am
Quoting SteveHopwood
Your maximum spread of 100 is quite small. Looking at the multipair spread monitor just now, 3 of the EUR pairs were exceeding this. Most likely then is that the EA concluded there were not enough trades available to make a decent basket.

Try increasing your maximum spread to 200.

agreed... I have to get my head round this 5 decennial set-up... I have changed to 300.

Eddie
  • #2,467
  • Jan 5, 2009 10:46am Jan 5, 2009 10:46am
Ok first trade of the day on the EA (using v.9b)

EUR looked good then flattened off. With the way the EUR has been going today this could be interesting but I guess the EUR will recover over the week so a "sit and watch" trade.

Eddie
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  • #2,468
  • Jan 5, 2009 11:07am Jan 5, 2009 11:07am
Ouch..... still watching......

Eddie
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  • #2,469
  • Jan 5, 2009 11:10am Jan 5, 2009 11:10am
I have also just tightened up to 90/10

Eddie
  • #2,470
  • Jan 5, 2009 11:32am Jan 5, 2009 11:32am
Just a re-cap for the "newer" members of this forum who have started trading the system and may not have understood or read everything (this thread has really grown over the last few weeks as the system has developed).

A while back I coined the term "Steve Law" which in the early days stated that a trade based on the strong/weak "should (and almost does) go up and down.

The risk in the trade is the Draw Down (Brokers spread) and the devaluation that occurs.

Steves Law as I implied suggests that the "little lines will go up or down and that provided devaluation and DD isn’t major any trade based on this shall recover.

Of all my tests (and I believe this is part of the foundation of the entire system) only 2 trades failed mainly because of "news" that messed the entire market up.

With the trade I have at present a newer remembers may close it down, but I won’t (if it fails it fails - I consider the money spent). The trade should some back over time and I have no control over the devaluation that may or may not occur.

If I were right every time I would be trading 100 time what I am so this is really testing the theory as it stands.

(eagle eyed members will see that my account is lower than recommended, this is just the way it is today.... possible opening any more trades wouldn’t be advisable. In the time it has taken me to write this post (11 minutes) the value has changed from -$15 to -$22 as the EUR starts to fall again).

I hope this example helps out some of the newer members.
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  • #2,471
  • Jan 5, 2009 1:39pm Jan 5, 2009 1:39pm
Anyone having issues with the new Steve EA? Looks like USD triggered but strength wasn't near trigger point ?? See pic
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24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,472
  • Jan 5, 2009 2:13pm Jan 5, 2009 2:13pm
Is anyone trading the CAD basket ?, its not looking very good.
  • #2,473
  • Jan 5, 2009 3:32pm Jan 5, 2009 3:32pm
YES i am and its not lookin good for the moment!
  • #2,474
  • Jan 5, 2009 3:52pm Jan 5, 2009 3:52pm
Quoting cybernet69
Is anyone trading the CAD basket ?, its not looking very good.
On a weak trade? Should be OK in the long run

Eddie
  • #2,475
  • Jan 5, 2009 3:55pm Jan 5, 2009 3:55pm
hi eddie i've been following this thread since its begining with es trader , ive set up everything according to the last updates and hope to have succes as much as steve or kg!!!
happy pippin everybody
  • #2,476
  • Jan 5, 2009 4:15pm Jan 5, 2009 4:15pm
Quoting eddiemiller
Just a re-cap for the "newer" members of this forum who have started trading the system and may not have understood or read everything (this thread has really grown over the last few weeks as the system has developed).

A while back I coined the term "Steve Law" which in the early days stated that a trade based on the strong/weak "should (and almost does) go up and down....
As a follow on to the post above the EUR trade has gone good (4 hours).

£3.00 JSL kicked in and then it started pulling back - basket closed, + £2.80

----- Steve's Law proved again------

The risk to reward is NOT to my liking but this does show that if you pull it with a SL when it is near the top/bottom you are "cutting off you nose to spite your face" so to speak.

Trust the trade and stay with it (unless you know of something in the news that may cause madness!)

Eddie
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  • #2,477
  • Jan 5, 2009 4:26pm Jan 5, 2009 4:26pm
Steve

I was just thinking... when limiting the number of trades per basket is there any way of setting a preference on what gets excluded?

Reason I ask is that we may be keeping out a profitable pair at the time that may have a massive positive effect on the basket, or more to my mind we may get the worst pairs and get an inflated DD.

Do you see what I mean?

Eddie
  • #2,478
  • Jan 5, 2009 4:34pm Jan 5, 2009 4:34pm
Quoting eddiemiller
Steve

I was just thinking... when limiting the number of trades per basket is there any way of setting a preference on what gets excluded?

Reason I ask is that we may be keeping out a profitable pair at the time that may have a massive positive effect on the basket, or more to my mind we may get the worst pairs and get an inflated DD.

Do you see what I mean?

Eddie
No.

  • #2,479
  • Jan 5, 2009 4:35pm Jan 5, 2009 4:35pm
Quoting SteveHopwood
No.

Is that "no" you don't get what i mean or "no" thats the way it is?

Eddie
  • #2,480
  • Jan 5, 2009 4:41pm Jan 5, 2009 4:41pm
Quoting eddiemiller
Is that "no" you don't get what i mean or "no" thats the way it is?

Eddie
Hehe. Sorry. No, I don't get it.

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