I would however expect at least the EURUSD to turn around dramatically around 2.30pm (UK Time). There will be more bad news coming out of the USA. 
Relative Strength Basket Trading System
- #2,522
- Jan 6, 2009 6:54am Jan 6, 2009 6:54am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve I was just diggin into the EUR basket as it seems to be recovering but getting worst.
Looking at the chart shouldn't the trade have been SELL/STRONG as it is at the bottom going up!
Why did the EA open a BUY/WEAK trade??????
Eddie
- #2,523
- Jan 6, 2009 6:58am Jan 6, 2009 6:58am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I would however expect at least the EURUSD to turn around dramatically around 2.30pm (UK Time). There will be more bad news coming out of the USA.
- #2,525
- Jan 6, 2009 7:12am Jan 6, 2009 7:12am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- #2,527
- Jan 6, 2009 7:18am Jan 6, 2009 7:18am
- | Joined Oct 2008 | Status: Basket Case or Basket Trader? | 798 Posts
I would however expect at least the EURUSD to turn around dramatically around 2.30pm (UK Time). There will be more bad news coming out of the USA.
Do you think the EUR will recover much (just after your opinion)
Eddie
V1a is attached, with the extra coding added to address the overtrading issue.
I wasn't going to bother with the Original method, but given Sahar's success with it, I am going to set up a demo.
Edit:
Having set up the demo, I notice that the feedback for the Original method settings shows the entry levels for the Range method. This is purely a cosmetic thing and makes no difference to the working of the EA. I will sort this out in the next release.
Thanks for the latest EA. FYI,I'm currently testing the latest EA(v1) with 3 platforms, 2 with 1H TF (MinDiff=0, and 2) and 1 with 5M TF (MinDiff=5). Out these 3 platforms (IBFX), all of them produced awesome pips..i.e. the 5M TF is already produced 980 pips with $40 max DD and less than 4 hours trade, while the other platform (running since yesterday in US session) already produced 2889 pips with max DD $120 and the last platform just traded together with 5M TF, also already produced 408 pips with max DD $15.
The V9a I also tested since yesterday and so far produce 1250 pips with max DD $145.
In my opinion,both of these EA by Steve are great...Thanks to you Steve, KG, Matrixebiz, Eddie and others for the contribution in this forum.
Cheers
Sahars.
- #2,534
- Jan 6, 2009 7:53am Jan 6, 2009 7:53am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Its all moving.. my USDJPY trades have helped.... when now to pull the plug?
Eddie
You have been sweating on this blasted EUR basket for what feels like a lifetime - isn't the opportunity to get rid of it too good to miss?
The profit in your picture would have amounted to about 5% of the balance - brilliant even if that were all the EA took within the day.
If you close both trades whilst the overall balance is in your favour, here is what you do: heave a huge sigh of satisfaction and pleasure and enjoy the gains. Here is what you do not do: watch the indicator like a hawk and swear at yourself every time it moves in what would have been your favour.
- #2,536
- Jan 6, 2009 8:00am Jan 6, 2009 8:00am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve..
Thanks for the latest EA. FYI,I'm currently testing the latest EA(v1) with 3 platforms, 2 with 1H TF (MinDiff=0, and 2) and 1 with 5M TF (MinDiff=5). Out these 3 platforms (IBFX), all of them produced awesome pips..i.e. the 5M TF is already produced 980 pips with $40 max DD and less than 4 hours trade, while the other platform (running since yesterday in US session) already produced 2889 pips with max DD $120 and the last platform just traded together with 5M TF, also already produced 408 pips with max DD $15.
The V9a I also tested...
My demo took its first basket earlier, an EU Strong that quickly hit tp (default settings apart from MinDiff=5).
Although successful, it seemed to me that the EA should not have taken the trade, as I am pretty sure the KG RS GROUP strength never passed the StrongLowerBound setting of 50 - it was about 38 at the time.
I am not sure if this is just a display thing with the indicator, given that I do not have all 28 pairs available, but keep an eye on this and report any similar instances. I have looked at the code and am pretty sure that
Inserted Code
if ((EurVal <= StrongUpperBound && EurVal >= StrongLowerBound) && Diff >= MinDiff && EurStrongTradesSent == 0 && OrdersTotal() < MaxTradesAllowed)
- #2,538
- Jan 6, 2009 8:06am Jan 6, 2009 8:06am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Matrixebis, how is it going for you with your EA?
I found sl/tp of 30/30 led to a lot of hit sl's and few hit tp's. 40/40 just about broke even, so now I am trying 40/60.
40/60 is making profit; it is early days to tell whether this will be consistent. If it is then the 1:1.5 r/r ratio is good and I can try 40/80. Maximum spread throughout is 8.
I found sl/tp of 30/30 led to a lot of hit sl's and few hit tp's. 40/40 just about broke even, so now I am trying 40/60.
40/60 is making profit; it is early days to tell whether this will be consistent. If it is then the 1:1.5 r/r ratio is good and I can try 40/80. Maximum spread throughout is 8.
