Eddie.
I am not running Steve's EA. Its my own.
However,
I am not running Steve's EA. Its my own.
However,
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Relative Strength Basket Trading System
- #2,782
- Jan 13, 2009 4:59am Jan 13, 2009 4:59am
- Joined Dec 2008 | Status: Resident Psychiatrist!!! | 2,600 Posts
- #2,783
- Jan 13, 2009 5:20am Jan 13, 2009 5:20am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- #2,784
- Jan 13, 2009 6:06am Jan 13, 2009 6:06am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hey, guys 'n gals V4a is attached.
I have coded a KG RS GROUP filter for the individual trades within the basket. The default period of 240 mins represents the next tf up from our usual 1h chart.
Suppose the EA is looking to send a Strong JPY basket. It invalidates any individual trade is where xxx is has a lower relative strength on the higher tf.
There are also some extra time filters - see the user guide for details if their use is not immediately clear.
As usual, this version is not for use on live accounts until we know the program logic is sound. Please put the EA on a demo and report anything strange - that might represent a bug that needs squashing.
Next thing on my todo list is to add the function to send the basket if the relative strength moves by x points in the correct direction, during the Validation phase.
Edit: Just as I hit the 'send' button, the demo took a USD weak, so it looks as though things might be working OK. We shall see.
I have coded a KG RS GROUP filter for the individual trades within the basket. The default period of 240 mins represents the next tf up from our usual 1h chart.
Suppose the EA is looking to send a Strong JPY basket. It invalidates any individual trade is where xxx is has a lower relative strength on the higher tf.
There are also some extra time filters - see the user guide for details if their use is not immediately clear.
As usual, this version is not for use on live accounts until we know the program logic is sound. Please put the EA on a demo and report anything strange - that might represent a bug that needs squashing.
Next thing on my todo list is to add the function to send the basket if the relative strength moves by x points in the correct direction, during the Validation phase.
Edit: Just as I hit the 'send' button, the demo took a USD weak, so it looks as though things might be working OK. We shall see.
- #2,785
- Jan 13, 2009 6:06am Jan 13, 2009 6:06am
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
- #2,786
- Jan 13, 2009 6:15am Jan 13, 2009 6:15am
- Joined Aug 2007 | Status: I'm a Lemurians | 1,432 Posts
- #2,787
- Jan 13, 2009 6:27am Jan 13, 2009 6:27am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Thank you again Steve.
Please check my post here: http://www.forexfactory.com/showpost...postcount=2772
Thanks,
KG
I like your long-term cross idea. Guess what, there is another EA there.........
Or an extension to this one..............
Hmmmmmmmmmmmm
- #2,788
- Jan 13, 2009 6:39am Jan 13, 2009 6:39am
- | Joined Oct 2008 | Status: Basket Case or Basket Trader? | 798 Posts
I did, thanks - that is why I coded the filter as others seemed to agree it is a good idea.
I like your long-term cross idea. Guess what, there is another EA there.........
Or an extension to this one..............
Hmmmmmmmmmmmm
Eddie
- #2,790
- Jan 13, 2009 7:18am Jan 13, 2009 7:18am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
ok, now own up, which one of you big boys has been dumping the GBP ?
- #2,796
- Jan 13, 2009 9:15am Jan 13, 2009 9:15am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
V 4b is ready with the function to end the Validation phase if the trigger's strength moves in favour of the prospective trade by x points. Testing to see if it works might take a while, so anybody here want it straight away for testing?
- #2,798
- Jan 13, 2009 9:53am Jan 13, 2009 9:53am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
OK, here it is - details in the user guide but its usage is pretty obvious.
KG, I am already starting to think about incorporating the daily cross trading into the EA.
Once a cross has occurred, how long do you wait before entering a trade?
KG, I am already starting to think about incorporating the daily cross trading into the EA.
Once a cross has occurred, how long do you wait before entering a trade?
- #2,800
- Jan 13, 2009 11:04am Jan 13, 2009 11:04am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I manufactured a situation where the EA took a basket during the Validation phase; everything appears to be working ok.