Here is my current setup. All seems to be working fine.
Eddie
Eddie
Attached Image (click to enlarge)
Relative Strength Basket Trading System
- #2,682
- Jan 9, 2009 6:44am Jan 9, 2009 6:44am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
V3a attached. I have not been able to test it properly yet - less than an hour to NFP and the markets are flat. It should work fine because all I had to do was add an extra condition to the routine that checked if the 3 minutes had passed yet.
The EA should now cancel an impending trade altogether and return to a waiting status if the strength retraces to anywhere within, say, the pending - retrace distance for a Weak. Keep your eyes peeled, details people, and report any discrepancies.
Eddie, with regard to the text-size thingy, I am afraid not. I have seen this q asked in other threads and nobody has been able to find a way to increase the size. Indicator text sizes vary because the text goes into a label, one of whose properties is text size. EA text has to be contained within a Comment(text) structure that has no accessible properties.
The EA should now cancel an impending trade altogether and return to a waiting status if the strength retraces to anywhere within, say, the pending - retrace distance for a Weak. Keep your eyes peeled, details people, and report any discrepancies.
Eddie, with regard to the text-size thingy, I am afraid not. I have seen this q asked in other threads and nobody has been able to find a way to increase the size. Indicator text sizes vary because the text goes into a label, one of whose properties is text size. EA text has to be contained within a Comment(text) structure that has no accessible properties.
- #2,685
- Jan 9, 2009 7:58am Jan 9, 2009 7:58am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
V3a coding wasn't quite correct.
V3b attached. I think this will be correct - it is validating a Usd Weak right now.
V3b attached. I think this will be correct - it is validating a Usd Weak right now.
- #2,686
- Jan 9, 2009 7:59am Jan 9, 2009 7:59am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Yep. 3b works.
Set to go weak at 80, on the retrace to 75, set pending at 80, then validating at <75, then cancelled at >75.
Excellent.
Set to go weak at 80, on the retrace to 75, set pending at 80, then validating at <75, then cancelled at >75.
Excellent.
- #2,689
- Jan 9, 2009 9:25am Jan 9, 2009 9:25am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
I tested v9b using FXOPEN standard account
Balance $30.000, open 0,1 lot
Trading YEN, EUR, USD, GBP Basket
But my result is minus
My setting is
Basket TP $2000 because I want to let it run
Basket SL $500
Jumping Stop $300
Basket add BEP = True
basket Break Even Point = $150
85 / 15
retrace distance 5
Basket TP $300
NO Basket SL
NO Jumping Stop
Basket add BEP = False
85 / 15
retrace distance 5
Result is improving but have high dd
- #2,691
- Jan 9, 2009 9:59am Jan 9, 2009 9:59am
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
I change the setting
Basket TP $300
NO Basket SL
NO Jumping Stop
Basket add BEP = False
85 / 15
retrace distance 5
Result is improving but have high dd
The point is collect the profit that hace high probabilty will be hit. Don't worry about we will miss a lot profit opportunity.. Everyday there a lot an opportunity in market. Market is like a river, you can take water anytime.. hehehehehehehe
DD still an issue.. we all still work on that.. I watch all the EA 12 hrs/day like an eagle to find out how we could reduce DD.. still working. And i think Steve, eddie and the other still working on that too...
Cheers,
KG
- #2,697
- Jan 9, 2009 4:34pm Jan 9, 2009 4:34pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Preventing DD.
One way (apart from Basket strength/weakness) is to check the following for each symbol within the basket before placing the trades.
BUY
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)>iCCI(symbol,0,20,PRICE_TYPICAL,0))
or
SELL
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)<iCCI(symbol,0,20,PRICE_TYPICAL,0))
Taking and xxxJPY Strong basket, then your SELL example would result in the individual trade being sent if the return from the function call was true?
I am about to Google Commodity Channel Index to learn about it. In the meantime, in your experience, how useful is it?
- #2,698
- Jan 9, 2009 4:43pm Jan 9, 2009 4:43pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Preventing DD.
One way (apart from Basket strength/weakness) is to check the following for each symbol within the basket before placing the trades.
BUY
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)>iCCI(symbol,0,20,PRICE_TYPICAL,0))
or
SELL
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)<iCCI(symbol,0,20,PRICE_TYPICAL,0))
Any other ideas?
- #2,700
- Jan 9, 2009 4:59pm Jan 9, 2009 4:59pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve.
The CCI in my opnion is one of the better (if not the best) SYMBOL indciators to gauge trend/strength.
if basket is oversold i.e. < 20 then check each currency with:
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)>iCCI(symbol,0,20,PRICE_TYPICAL,0))
so we would be buying EURXXX and selling XXXEUR
if basket is overbought i.e. > 80 then check each currency with:
if(iCCI(symbol,0,12,PRICE_TYPICAL,0)<iCCI(symbol,0,20,PRICE_TYPICAL,0))
so we would be selling EURXXX and buying XXXEUR
Hope that makes sense.
Any particular reason for the time periods 12 and 20, or are they the accepted norms?
By the way, did you see my post about EA trying to send strange currency orders. i.e. EURAUD1, AUDCHF1, AUDJPY etc..
Inserted Code
symbol = StringConcatenate("USDJPY", PairSuffix);
bool TradeExists = CheckIfTradeAlreadyExists(symbol, OP_BUY, JpyWeakMagicNumber);
if (!TradeExists && TradeUSDJPY && MarketInfo(symbol,MODE_SPREAD) <= MaximumSpread)
{
int ticket = OrderSend(symbol,OP_BUY, Lot, MarketInfo(symbol,MODE_ASK), 10, NULL, NULL, JpyTradeComment, JpyWeakMagicNumber, 0, CLR_NONE);
if (ticket > -1) JpyWeakTradesSent++;
}