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Relative Strength Basket Trading System

  • #2,661
  • Jan 8, 2009 6:56pm Jan 8, 2009 6:56pm
Quoting SteveHopwood
I shouldn't leave it too long, if I were you. This thread moves at warp speed

Dont i know it, almost a job in it self keeping up with it all.

You my friend are the engine it seems atleast over the past month and half. KG the starter and eddie fueling you two.
  • #2,662
  • Jan 8, 2009 7:01pm Jan 8, 2009 7:01pm
Steve,

Spoke to "the broker" and yes the mico lots traded via their mini accounts are open to all, 1 pip = 0.01 pence and there is no min funding, so that sall good.

Downloaded "their version" of MT4 to a separate partition on my laptop, set it all up, added in al the indis.

Made sure I added the "m" to the set file.

- The EA is still display right so as this is a new install there must be something not right

- My face isn't smiling...... is it because the pairs are limited in the demo account (I have them all selected) or have I messed something up?

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: ibfx.gif Size: 32 KB
  • #2,663
  • Jan 8, 2009 7:55pm Jan 8, 2009 7:55pm
Simple check first Eddie, have you ticked the live trading check box?
  • #2,664
  • Jan 9, 2009 2:26am Jan 9, 2009 2:26am
Quoting eddiemiller
Steve,

Spoke to "the broker" and yes the mico lots traded via their mini accounts are open to all, 1 pip = 0.01 pence and there is no min funding, so that sall good.

Downloaded "their version" of MT4 to a separate partition on my laptop, set it all up, added in al the indis.

Made sure I added the "m" to the set file.

- The EA is still display right so as this is a new install there must be something not right

- My face isn't smiling...... is it because the pairs are limited in the demo account (I have them all selected) or have I messed...
Go to Tools|Options|Expert advisors. Tick the four main boxes on the left and make sure none of the remaining boxes are ticked. That will 'enable' the EA.

Look at your set file and see if you have accidentally entered a huge number into the DisplayGapSize input.

You might like to look at the maximum spread; IBFX quotes to 4 decimal places, so yours want to be 30, not 300.

  • #2,665
  • Jan 9, 2009 3:05am Jan 9, 2009 3:05am
The updated user guide has a fuller explanation of PendingTimeFilterMins and an example of how it works.

I have been able to watch the EA cancel several baskets after the waiting period has elapsed and the strength has moved in the wrong direction, so I know the code is working.

Question, Eddie, in case I have mis-understood. Did you mean:

  1. The EA should only take action after 3 minutes validating?
  2. The EA should cancel the pending basket if the strength retraces back inside the Pending area at any stage during the Validation pause?

I have coded for 1), so some re-coding will be needed if you meant 2).

By the way, guys, I am certain the StrengthInProfitClose routine is not working properly. I have seen some strange closures, so this routine needs looking at.

Attached File(s)
File Type: pdf How to use KG flexible trading EA.pdf   133 KB | 3,615 downloads
  • #2,666
  • Jan 9, 2009 3:11am Jan 9, 2009 3:11am
I left this v3 of the EA running overnight and it didnt place any trades. Is this correct ?
  • #2,667
  • Jan 9, 2009 3:20am Jan 9, 2009 3:20am
Quoting cybernet69
I left this v3 of the EA running overnight and it didnt place any trades. Is this correct ?
Mine did. Have you examined the Experts tab for errors?

  • #2,668
  • Jan 9, 2009 3:23am Jan 9, 2009 3:23am
Yes, i checked everything. I just used the default settings.
  • #2,669
  • Jan 9, 2009 3:26am Jan 9, 2009 3:26am
Still doesnt do anything. Experts tab says initialised.

http://www.forexfactory.com/c:basket.gif
Attached Image (click to enlarge)
Click to Enlarge Name: basket.gif Size: 65 KB
  • #2,670
  • Jan 9, 2009 3:31am Jan 9, 2009 3:31am
Quoting cybernet69
Still doesnt do anything. Experts tab says initialised.

http://www.forexfactory.com/c:basket.gif
It is your maximum spread. Alpari is now a 5 decimal place broker, so your max needs to be 200, not 20.

  • #2,671
  • Jan 9, 2009 3:36am Jan 9, 2009 3:36am
Too much red wine before 10.00am is always a bad thing.

Cheers.

  • #2,672
  • Jan 9, 2009 3:39am Jan 9, 2009 3:39am
Quoting cybernet69
Too much red wine before 10.00am is always a bad thing.

Cheers.

Some of my best programming blunders come from the red wine.
  • #2,673
  • Jan 9, 2009 5:09am Jan 9, 2009 5:09am
Quoting SteveHopwood
Go to Tools|Options|Expert advisors. Tick the four main boxes on the left and make sure none of the remaining boxes are ticked. That will 'enable' the EA.

Look at your set file and see if you have accidentally entered a huge number into the DisplayGapSize input.

You might like to look at the maximum spread; IBFX quotes to 4 decimal places, so yours want to be 30, not 300.

All fixed it was the DisplayGapSize that was also set to 300. I couldn't see for looking. Thanks for that.

Eddie
  • #2,674
  • Jan 9, 2009 5:17am Jan 9, 2009 5:17am
What about my q in post 2665, Eddie?

  • #2,675
  • Jan 9, 2009 5:26am Jan 9, 2009 5:26am
Quoting SteveHopwood
The updated user guide has a fuller explanation of PendingTimeFilterMins and an example of how it works.

I have been able to watch the EA cancel several baskets after the waiting period has elapsed and the strength has moved in the wrong direction, so I know the code is working.

Question, Eddie, in case I have mis-understood. Did you mean:[list=1][*]The EA should only take action after 3 minutes validating?[*]The EA should cancel the pending basket if the strength retraces back inside the Pending area at any stage during the Validation...
Ok what I was describing/expecting was this......

If when in the (xx) minute validating period the value goes UNDER the desired entry then the process starts again, and it will wait to see the (xx) minute(s) to see if this happens. If it doesn't the trade opens as desired.

Lower = 80
Retrace = 5
Time Delay = 3


80 >> (5) >> 75 >> (wait 3 mins) >> after 3 minutes value is LESS than 75 trade opens

-----------------------------------------------

80 >> (5) >> 75 >> (wait 3 mins) >> after 40 seconds value is 77 trade is removed. If this gets back to 80 then the pending stage would kick back in.


I know this is going to reduce the number of trades, however based on the reaserch over the Christmas period this will close off a good number of "bad" trades that would have experienced an inflated DD via devalution making the trades less profitable.

As I mentioned earlyer in the week I am happy at this stage to have a few good quality trades rather than more trades (and risk) for trades sake.

This system is still only in its easrly adys with reagrds to the EA and I am sure it will develop further, code will get cleaned and optimised as we more forward and one day we may well have a true EA for all account values and trader styles.

Pretty good start and thanks to all who are contributing and helping Steve develop this.

Please post your results, settings and screeen shots so that we can work with everyones feedback.

Eddie
  • #2,676
  • Jan 9, 2009 5:32am Jan 9, 2009 5:32am
Quoting SteveHopwood
What about my q in post 2665, Eddie?

I am hangover typing this morning.. give me a chance!

- - -

Eddie
  • #2,677
  • Jan 9, 2009 5:34am Jan 9, 2009 5:34am
Cheers Eddie. I had mis-understood. As written, the time delay is producing better results already, but this will make it better still.

Watch this space for V3a.

  • #2,678
  • Jan 9, 2009 5:35am Jan 9, 2009 5:35am
Quoting eddiemiller
I am hangover typing this morning.. give me a chance!

- - -

Eddie
Hehe. I figured from your postings last night that there might be a hangover due.
  • #2,679
  • Jan 9, 2009 5:36am Jan 9, 2009 5:36am
Steve

Any way you can make the EA text bigger in the code please?

Eddie
  • #2,680
  • Jan 9, 2009 5:39am Jan 9, 2009 5:39am
Quoting SteveHopwood
Hehe. I figured from your postings last night that there might be a hangover due.
Lindemans Shiraz - Grenache, 2008 14% red

Amazing wine and 3 for £10!

After the second bottle the wife and I thought we would call it a night LOL

Eddie
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