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Relative Strength Basket Trading System

  • #2,721
  • Jan 10, 2009 2:57pm Jan 10, 2009 2:57pm
Quoting cybernet69
The think with indicators is that someone will always have a personal preference. However, the CCI was originally developed for commodities but now professional (bank) traders use it for currency trading due to the high percentage of +wins against -losses.

Maybe, we shouldnt focus too much on the type of filtering indicator too use but as long as we all agree that it is needed to help prevent DD.

So, without trying to make a coding nightmare, we could make it a custom option. i.e. you can use CCI, RSI or STOCH etc.
How does one use CCI? The line is all over the shop ..

Attached is a shot of a pair of cci's and a pair of rsi's overlain 14 on 34. It seems to me that there is more useful information in the rsi one, particularly about flats.
Junja
Attached Image (click to enlarge)
Click to Enlarge Name: cci-rsi.gif Size: 20 KB
  • #2,722
  • Jan 10, 2009 3:05pm Jan 10, 2009 3:05pm
The following gives a good representation of CCI

http://stockcharts.com/school/doku.p...nnel_index_cci
  • #2,723
  • Jan 11, 2009 2:44am Jan 11, 2009 2:44am
Quoting Mike_Stax
Hello All,

Which one has better result so far.. KGRangeTrading or Flexible trading ?

i only have tested KGRangeTrading v9b......
Hi Mike,

I've tested KG Basket Range V9b(only 3 days) and KG Flexible V2a (only 2 days) last week, and below are the result :

KG Basket Range V9b, 85/15 rules,0.03 lots, TP=6 (20 pips), no SL, 1H TF, Beginning Equity=$300, IBFX Broker
1. Wed, Produce = 1,030 pips ($30.91) with current DD=-$54
2. Thu, Produce = 832 pips ($24.97) with current DD=-$58
3. Fri, Produce = 915 pips ($27.46) with current DD=-0
(Note : On Friday after 3 hours of US session started, the pending basket was closed manually with current profit was at $2.23 (76 pips). This action was mainly for avoiding a pending order on the weekend).

KG Flexible V2a/V3b with Range Trading (not original trade), 80/20 rules,0.01 lots, No Tp, Jumping Stop=$1, Locking Profit=$1, 1H TF, IBFX, Pending Time Filter = 3 min, Begining Equity =$100, IBFX Broker.
1. Thu, Produce =706 pips ($7.06) with current DD=-$11
2. Fri, Produce= 273 pips ($2.73) with current DD=-$18 (One basket still on trade with current DD=-$18)

Based on the result that I previously posted, Range trading is better than original trading. That's why I concentrate more on range method.

Currently, I'm just comparing the same method of trade for 2 different EAs (KG Range Basket EA and KG Flexible Basket EA (KFB EA)) whereby KFB EA can trade either original or range basket.

Hope this will help you a bit...

Cheers

Sahars.
  • #2,724
  • Jan 11, 2009 2:53am Jan 11, 2009 2:53am
Mike,

Forgot to attached the result..

Sahars
Attached Image(s) (click to enlarge)
Click to Enlarge Name: KG Basket Flexible V3b.gif Size: 5 KB
Click to Enlarge Name: KG Basket Range V9b.gif Size: 5 KB
  • #2,725
  • Jan 11, 2009 9:45am Jan 11, 2009 9:45am
Quoting SteveHopwood
I am out all day, so here is V4.

Eddie's time filter works; please just keep you eyes open for discrepancies and report them, as they will represent a bug.

Nef features:[list][*]CCI implemented as a filter for individual trades within the basket. This has yet to be tested, so do not use it live. As usual, please report bugs here.[*]I have looked at the code for the StrengthInProfitClose thingy and think I have corrected it. This also has yet to be tested, so do not use it live. As usual, please report bugs here.[*]Sorted out the bug...
Thank you Steve. You.....

Regards,

KG
  • #2,726
  • Jan 11, 2009 10:43am Jan 11, 2009 10:43am
Hello Sahars,

Thanks for your sharing.

hmm.. i see that your drawdown still bigger than closed profit.. --> i think it's because no SL.
i experienced maximum drawdown max is 18% (when using 200 TP and 200 SL ) but drawdown max. is 10% whe using (100 TP and 100 SL ).

since KGRangetrading v9b doesnt have repair strategy, i think it would be wise if we use SL

btw, how's shutdownonfriday feature work like ? close all open positionin friday or monday ?? because i still have drawdown position eventhough i already set 'shutdownonFriday=true'

i wonder if any of us have using this EA in live account ? how's the result ?

i think this KGRangeTradingEA v.9b already quite promising.. and it will be better if Steve add lock in profit dollars feature

Regards,
- Mike -
  • #2,727
  • Jan 11, 2009 12:12pm Jan 11, 2009 12:12pm
Quoting Mike_Stax

since KGRangetrading v9b doesnt have repair strategy, i think it would be wise if we use SL
There is a very good reason to NOT use the SL feature... have a read a few post back and you will see what we all agreed on an why.

Quoting Mike_Stax

i wonder if any of us have using this EA in live account ? how's the result ?
Most of my post up to this point have been on a live account.
Quoting Mike_Stax
i think this KGRangeTradingEA v.9b already quite promising.. and it will be better if Steve add lock in profit dollars feature

Regards,
- Mike -
Update your version, this was added some time ago the the CURRENT EA.

Eddie
  • #2,728
  • Jan 11, 2009 12:34pm Jan 11, 2009 12:34pm
Hello Eddie,

thx for your correction... i forgot that KGFlexibleTradingEA already include the latest feature of rangetrading style... hehee...

i will search the post "the good reason for not using SL" eventhough i thought i've already read the posts..

my reasons for using SL is because the EA doesn't have repair strategy and using no SL would make our DD bigger and will impact our psychology (triger our emotion to OP manually to reduce DD ) and finally if it comes to friday, after holding DD position for day, all DD positions will be closed... (if we set "shtdownonFriday=true")

Regards,
- Mike -
  • #2,729
  • Jan 11, 2009 12:50pm Jan 11, 2009 12:50pm
Quoting Mike_Stax
Hello Eddie,

thx for your correction... i forgot that KGFlexibleTradingEA already include the latest feature of rangetrading style... hehee...

i will search the post "the good reason for not using SL" eventhough i thought i've already read the posts..

my reasons for using SL is because the EA doesn't have repair strategy and using no SL would make our DD bigger and will impact our psychology (triger our emotion to OP manually to reduce DD ) and finally if it comes to friday, after holding DD position for day, all DD positions will be closed......
Mike

The DD is only really a problem if your account is

a. Under funded
b. Over margined

This EA is based on Steves setup which is 0.01 lot = 0.01 pence, so if you went DD by 200 pips it would be £2.00. I know you’re going to say that in the real world it doesn't work like this but we are still testing......

Very interesting comments about the DD and the psychology behind it. The reason I am here is that I have traded Forex for a number of years and it is part of my PHD study (psychology)... so I understand you entirely.

Sometimes seeing a pair "run away" causing a DD is a great time to make a manual trade... Many successful traders "hedge" in the way. Have a look back at some of my post where I myself have made 30% balance increase in this exact way.

Personally I do my best to avoid trading Fridays... it's very 11th hour.

SL info around posts 2393 and 2402.

Eddie
  • #2,730
  • Jan 11, 2009 2:10pm Jan 11, 2009 2:10pm
Hello Eddie,

I'm using 10k account with 0,1 lot size. with 100 TP and 150 SL (this is the correct one since my last post i wrote use 100 SL )
i think it's the same with Steve's suggestion ($100 with 0,01 lot size )

i have re-read the posts about SL. thanks for reminding Eddie...

somehow i still believe it's better using SL than no SL...
hmm... but let the fact prove which is better..
i will try with 2 account with 2 settings then...

one account with SL and 100 TP, 150 SL, Jumping stop = 50, Lock in dollars=5

and the other one with.. 100 TP and no SL, Jumping stop=50, lock in dollars=5 and let The Friday close all positions... (shutdownonFriday=true)
.... are u all agree if 'shutdownonFriday=true' is better ?? i never test the EA on shutdownonFriday=false

so.. for comparation to search better method.. could you share your performance without using SL so far Eddie ?? or anyone whom use no SL here ?

this is mine with SL..
start balance : 10k
balance now : $10.800
DD : $ 266.79
net profit : 10.800 - 10.000 - 266.79 (if i close it) = $533.21 (5 days)

so i'am already up my account about 5% a week, fully automated by EA.
but the first two days.. the setting was 200 TP, 200 SL with no JSL.


Thanks for sharing...

Regards,
- Mike -
  • #2,731
  • Jan 11, 2009 2:38pm Jan 11, 2009 2:38pm
Quoting Mike_Stax
Hello Eddie,

I'm using 10k account with 0,1 lot size. with 100 TP and 150 SL (this is the correct one since my last post i wrote use 100 SL )
i think it's the same with Steve's suggestion ($100 with 0,01 lot size )

Regards,
- Mike -
Mike,

If you have been reading the posts on here you would already know that:

- 90% of my trades are live and without SL over the past couple of weeks
- Steve's Law and the impact this has (and part of the reason why SL isn’t being used)

I don't understand why people can’t be consistence and test over a 0.01 lot... any other value simply causes readers and users alike to be confused about the values being gained/lost.

Please post the results of your testing so that we can add this in to the feedback we have. Please remember, just because the SL works for one person doesn’t mean it works. Deciding that it was a good idea NOT to use it (Steve's Law & Devaluation) came from general consensious from different users based on the results gained at the time. With the EA having more features added since then these results may also no longer be valid.

I would be interested to know at what point you would consider the DD a threat to your account and close the trades off. Steve's Law has produced documented results (mine) of DD in excess of 70% recovering to a profit. There are also examples in this thread where I have closed off due to DD and the trades WOULD have recovered.... killing of my account profits.

This is a tricky one. Let us know how you get on. For the time being I will not use the SL feature.

Eddie
  • #2,732
  • Jan 11, 2009 2:57pm Jan 11, 2009 2:57pm
Quoting cybernet69
The following gives a good representation of CCI

http://stockcharts.com/school/doku.p...nnel_index_cci

Thanks, a good site that.
Junja
  • #2,733
  • Jan 11, 2009 4:12pm Jan 11, 2009 4:12pm
Quoting Kang_Gun
Thank you Steve. You.....

Regards,

KG
You are most welcome, KG. Without your stunning indi, the EA could not have happened.

  • #2,734
  • Jan 11, 2009 8:45pm Jan 11, 2009 8:45pm
Quoting SteveHopwood
I am out all day, so here is V4.

Eddie's time filter works; please just keep you eyes open for discrepancies and report them, as they will represent a bug.

New features:[list][*]CCI implemented as a filter for individual trades within the basket. This has yet to be tested, so do not use it live. As usual, please report bugs here.[*]I have looked at the code for the StrengthInProfitClose thingy and think I have corrected it. This also has yet to be tested, so do not use it live. As usual, please report bugs here.[*]Sorted out the bug...
I'll be testing this latest version, thanks
  • #2,735
  • Jan 11, 2009 10:38pm Jan 11, 2009 10:38pm
What a wonderful work at here guys..

After 1 day n 1 night read this thread, now I'm trying the last EA from Steve (v4).. But I have some problem here..


Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 90 KB

I don't have iCCI.ex4 just like the EA requested.. Where I can get this indicator? In my mt4 I just have CCI.ex4


Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 82 KB

When I change the set of EA to range or original, there are error messages: code #4202

Sorry for my bad english..
  • #2,736
  • Jan 11, 2009 11:20pm Jan 11, 2009 11:20pm
I would like to change the color of the lines, maybe for EUR -Aqua to Yellow, but once I change to other timeframe, all the color revert back to default again. I tried save it to a different template name and applied the template, it still the default color. How do I permanently change the color of the lines?
  • #2,737
  • Edited 4:36am Jan 12, 2009 3:21am | Edited 4:36am
Every basket that V4 has tried to send on the demo was cancelled because of an insufficient number of individual trades being available. I had a look at the code.

!!***$%"! I got the conditionals the wrong way around again, so the CCI filter is cancelling everything. I have deleted the post with the original V4 release and reproduce it here. If you wish to use the CCI filter, then you need to re-download V4.

The original post was this:

Quote
I am out all day, so here is V4.

Eddie's time filter works; please just keep you eyes open for discrepancies and report them, as they will represent a bug.

New features:

  1. CCI implemented as a filter for individual trades within the basket. This has yet to be tested, so do not use it live. As usual, please report bugs here.
  2. I have looked at the code for the StrengthInProfitClose thingy and think I have corrected it. This also has yet to be tested, so do not use it live. As usual, please report bugs here.
  3. Sorted out the bug that added '1' to some pairs, making them untradeable.

I see some people are using old versions - and given the speed with which this thread moves, this means geriatric. It is up to contributors whether you upgrade or not, but you are missing out on some fabulous features if you do not.

The latest version is going on my demo accounts later today, with all the features turned on for range trading. It is going on my live account with the features listed today turned off until I know they are working on demo.

Attached File(s)
File Type: zip KG basket flexible trading EA V4.zip   583 KB | 598 downloads
  • #2,738
  • Jan 12, 2009 4:15am Jan 12, 2009 4:15am
Hi Steve,

I have download the last update from post 2737. But the ea still not working. Every basket that sent was cancelled. And where I can get the iCCI.ex4 file like the ea need? And what is the meaning of error code #4202 just like I mean in my post before? Because I still got error message every I load the set range or original to the v4.

Thanks Steve
  • #2,739
  • Jan 12, 2009 4:20am Jan 12, 2009 4:20am
The CCI filter is still not working properly. Turn it off until I sort it out.

  • #2,740
  • Jan 12, 2009 4:29am Jan 12, 2009 4:29am
Quoting gagaltotal
Hi Steve,

I have download the last update from post 2737. But the ea still not working. Every basket that sent was cancelled. And where I can get the iCCI.ex4 file like the ea need? And what is the meaning of error code #4202 just like I mean in my post before? Because I still got error message every I load the set range or original to the v4.

Thanks Steve
Error 4202 is "Object does not exist". No idea what object - it is something that KG RS GROUP is looking for.

iCCI.exe file - you have just spotted the bug that is stopping all the trades; nice one. That is a typo on my part.

Watch this space.

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