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Relative Strength Basket Trading System

  • #2,821
  • Jan 14, 2009 9:55am Jan 14, 2009 9:55am
Trading the super EA in "Original Mode", when is the trade supposed to enter?

According to Steve's Read-Me:

Quote
Upper and Lower bound effectively mark the trading area as indicated by KG RS GROUP V1.1. For example, there seems to me little point in going Weak if the trigger strength is already approaching 30 or so, hence the default.

So, if I have these settings:


Strong upper bound = 65
Strong Lower Bound = 50


What exactly is the entry point? Does the value have to creep up from below 50 to hit the lower bound and then it enters Strong. AND/OR it hits the upper bounds from above and then retraces back up? Is this how it works?


Obviously bit dim.

  • #2,822
  • Jan 14, 2009 10:23am Jan 14, 2009 10:23am
Quoting sundog
Just a couple of things, Im using V4, and I notice that the Strength in Profit close, seem to work as soon as you reach the amount of profit specified before the strenght has even crossed the 50 line. My understanding (flawed?) is that if you enter a trade @ the 20 line, then the SiPclose shouldn't activate until its close the 80 line.

Also I have the Trades allowed limited to 4, but the programme opened 8.

The quiet achiever in all of this is Matrixebiz's EA, which has been consistantly returning profit.
sundog,

What settings are you using for Matrixbiz's EA?

It performs well from time to time, but I am unable to find settings that are profitable for the longer term.
  • #2,823
  • Jan 14, 2009 10:50am Jan 14, 2009 10:50am
Another profitable days trading and the DD is minimal.
Attached File(s)
File Type: zip DetailedStatement.zip   8 KB | 365 downloads
  • #2,824
  • Jan 14, 2009 11:10am Jan 14, 2009 11:10am
Great...

Use V4b, and use both mode, range and original setting

Attached File(s)
File Type: zip Today Statement.zip   16 KB | 565 downloads


Great work all!

** attached include .set of EA that i have changed.. all order manage by EA (no manual close), and it still running
  • #2,825
  • Jan 14, 2009 11:25am Jan 14, 2009 11:25am
Quoting SteveHopwood
There have not been a lot of range trading opportunities this week. Many of those that have arisen have been scuppered because of spreads and the direction of individual basket members being wrong.

Alpari users, remember to add a zero to what you used to consider an appropriate spread - an original spread of 20 now needs to be 200.

You can always post your set file here so we can have a look at it.

Hi Steve.

The set file text is below. Any feedback would be appreciated. I'm using FXDD. It's not a micro account. I changed the max pairs to 1. I also turned off the pairs that fxdd doesn't support. Iknow it's going to be something stupid on my part

Thanks for all your work on these stratgies Steve. I use your trade manager daily and it works great!

Sandy

Set file for range method:

ins25=-----Trading Methods. Select 1 only.-----
ins21=-----Range trading method-----
TradeRangeMethod=1
WeakEntryPending=80.00000000
StrongEntryPending=20.00000000
RetraceDistance=5
PendingTimeFilterMins=3
StrengthInProfitClose=1
StrengthProfitDollarTarget=0.00000000
ins20=-----Original trading method-----
TradeOriginalMethod=0
WeakUpperBound=50.00000000
WeakLowerBound=35.00000000
StrongUpperBound=65.00000000
StrongLowerBound=50.00000000
MinDiff=0.00000000
bl3=---------------------------------------------------------------------
ins8=-----Management inputs-----
MaxTradesAllowed=24
Lot=0.01000000
TradeWeak=1
TradeStrong=1
MinTradesPerBasket=1
PairSuffix=
ShowAlerts=1
SleepMinsAtStartup=2
ShutDownOnFriday=1
ShutDownHour=14
MaximumSpread=20
DisplayGapSize=30
ShowMagicNumbersOnScreen=0
WatchTradesOnly=0
CurrencySymbol=$
ins30=-----Individual trade filters-----
UseCCI=1
CciFast=12
CciSlow=20
bl4=---------------------------------------------------------------------
ins22=-----Management inputs-----
bin5=Basket take profit settings
BasketClosureTP=1
BasketStrongDollarTP=2.00000000
BasketWeakDollarTP=2.00000000
bin6=Basket stop loss settings
BasketClosureSL=0
BasketStrongDollarSL=-2.00000000
BasketWeakDollarSL=-2.00000000
bin7=Basket jumping stop loss settings
UseJumpingStop=0
JumpingStopDollars=1.00000000
LockInDollars=0.00000000
sps=----Shirt-protection settings----
spsi=Close all open trades at this $ loss
ShirtProtectionEnabled=0
MaxLoss=-10000000.00000000
IncludePendingInClosure=0
bl5=---------------------------------------------------------------------
GOC=----Global order closure settings----
GlobalOrderClosureEnabled=0
IncludePendingOrdersInClosure=0
DollarProfit=100000.00000000
bl6=---------------------------------------------------------------------
ins1=-----Pair-specific inputs-----
ins2=xxxJPY pairs
JpyIsTrigger=1
TradeUSDJPY=1
TradeCHFJPY=1
TradeCADJPY=1
TradeEURJPY=1
TradeGBPJPY=1
TradeAUDJPY=1
TradeNZDJPY=0
JpyWeakMagicNumber=232425
JpyStrongMagicNumber=232426
JpyTradeComment=JPY trigger
JpyManagedByThisEA=1
bl7=---------------------------------------------------------------------
ins3=xxxUSD and USDxxx pairs
UsdIsTrigger=1
TradeUSDJPY1=1
TradeUSDCHF=1
TradeUSDCAD=1
TradeNZDUSD=1
TradeEURUSD=1
TradeGBPUSD=1
TradeAUDUSD=1
UsdWeakMagicNumber=232427
UsdStrongMagicNumber=232428
UsdTradeComment=USD trigger
UsdManagedByThisEA=1
bl1=---------------------------------------------------------------------
ins4=xxxGBP and GBPxxx pairs
GbpIsTrigger=1
TradeGBPUSD1=1
TradeGBPCHF=1
TradeEURGBP=1
TradeGBPJPY1=1
TradeGBPNZD=0
TradeGBPCAD=0
TradeGBPAUD=0
GbpWeakMagicNumber=232429
GbpStrongMagicNumber=232430
GbpTradeComment=GBP trigger
GbpManagedByThisEA=1
bl8=---------------------------------------------------------------------
ins5=EURxxx pairs
EurIsTrigger=1
TradeEURUSD1=1
TradeEURGBP1=1
TradeEURJPY1=1
TradeEURCHF=1
TradeEURCAD=1
TradeEURAUD=1
TradeEURNZD=0
EurWeakMagicNumber=232431
EurStrongMagicNumber=232432
EurTradeComment=EUR trigger
EurManagedByThisEA=1
bl30=---------------------------------------------------------------------
ins6=xxxCHF and CHFxxx pairs
ChfIsTrigger=1
TradeUSDCHF1=1
TradeEURCHF1=1
TradeGBPCHF1=1
TradeNZDCHF=0
TradeAUDCHF=0
TradeCADCHF=0
TradeCHFJPY1=1
ChfWeakMagicNumber=232433
ChfStrongMagicNumber=232434
ChfTradeComment=CHF trigger
ChfManagedByThisEA=1
bl9=---------------------------------------------------------------------
ins9=xxxAUD and AUDxxx pairs
AudIsTrigger=1
TradeAUDUSD1=1
TradeAUDCAD=1
TradeAUDJPY1=1
TradeAUDCHF1=1
TradeAUDNZD=0
TradeEURAUD1=1
AudWeakMagicNumber=232435
AudStrongMagicNumber=232436
AudTradeComment=Aud trigger
AudManagedByThisEA=1
bl31=---------------------------------------------------------------------
ins10=xxxNZD and NZDxxx pairs
NzdIsTrigger=0
TradeGBPNZD1=0
TradeNZDUSD1=1
TradeNZDJPY1=1
TradeEURNZD1=0
TradeNZDCHF1=0
NzdWeakMagicNumber=232437
NzdStrongMagicNumber=232438
NzdTradeComment=NZD trigger
NzdManagedByThisEA=1
bl10=---------------------------------------------------------------------
ins11=xxxCAD and CADxxx pairs
CadIsTrigger=0
TradeUSDCAD1=1
TradeCADCHF1=0
TradeCADJPY1=1
TradeAUDCAD1=1
CadWeakMagicNumber=232439
CadStrongMagicNumber=232440
CadTradeComment=CAD trigger
CadManagedByThisEA=1
  • #2,826
  • Jan 14, 2009 11:49am Jan 14, 2009 11:49am
Thanks Sandy....

Anto
  • #2,827
  • Jan 14, 2009 5:37pm Jan 14, 2009 5:37pm
Quote
Hi Steve.

The set file text is below. Any feedback would be appreciated. I'm using FXDD. It's not a micro account. I changed the max pairs to 1. I also turned off the pairs that fxdd doesn't support. Iknow it's going to be something stupid on my part

Thanks for all your work on these stratgies Steve. I use your trade manager daily and it works great!

Sandy

If the FXDD account does not allow micro lots shouldn't you change lot to .1 instead of .01? If I have misunderstood forgive the message.
  • #2,828
  • Jan 14, 2009 5:50pm Jan 14, 2009 5:50pm
Sandy, have you had a look at the Experts tab? Going back to what saintmo just wrote, the Experts tab will tell you if the EA has tried to send a trade with a lot size smaller than the broker will accept.

  • #2,829
  • Jan 14, 2009 7:16pm Jan 14, 2009 7:16pm
Calling all KG coders,

Could anyone help me with the ordering of the currency pairs in KG_RS_GROUP_V1.1 for the following mq4 command?

iCustom(....0,0) // = USD?
iCustom(....1,0) // = JPY?
iCustom(....2,0) // = CHF?
iCustom(....3,0) // = CAD?
iCustom(....4,0) // = EUR?
iCustom(....5,0) // = GBP?
iCustom(....6,0) // = AUD?
iCustom(....7,0) // = NZD?

Any help much obliged.

Cheers!

El Choco.
  • #2,830
  • Jan 14, 2009 7:37pm Jan 14, 2009 7:37pm
Quoting elchoco
Calling all KG coders,

Could anyone help me with the ordering of the currency pairs in KG_RS_GROUP_V1.1 for the following mq4 command?

iCustom(....0,0) // = USD?
iCustom(....1,0) // = JPY?
iCustom(....2,0) // = CHF?
iCustom(....3,0) // = CAD?
iCustom(....4,0) // = EUR?
iCustom(....5,0) // = GBP?
iCustom(....6,0) // = AUD?
iCustom(....7,0) // = NZD?

Any help much obliged.

Cheers!

El Choco.
Here you are, from my EA.

//Reads the KG RS GROUP strengths into the appropriate variables
JpyVal = iCustom(NULL,0, "KG RS GROUP V1.1",1,0);
UsdVal = iCustom(NULL,0, "KG RS GROUP V1.1",0,0);
GbpVal = iCustom(NULL,0, "KG RS GROUP V1.1",4,0);
EurVal = iCustom(NULL,0, "KG RS GROUP V1.1",6,0);
ChfVal = iCustom(NULL,0, "KG RS GROUP V1.1",2,0);
AudVal = iCustom(NULL,0, "KG RS GROUP V1.1",5,0);
NzdVal = iCustom(NULL,0, "KG RS GROUP V1.1",7,0);
CadVal = iCustom(NULL,0, "KG RS GROUP V1.1",3,0);

Should make things clear.

  • #2,831
  • Jan 14, 2009 7:49pm Jan 14, 2009 7:49pm
Quoting elchoco
Trading the super EA in "Original Mode", when is the trade supposed to enter?

So, if I have these settings:


Strong upper bound = 65
Strong Lower Bound = 50


What exactly is the entry point? Does the value have to creep up from below 50 to hit the lower bound and then it enters Strong. Is this how it works?

Yes, if all the other conditions for a Strong basket are in place. This is an attempt to avoid entering trades when the move is already about to run out of steam - don't want to enter a Strong basket when the value is already, say, 66.

  • #2,832
  • Jan 14, 2009 8:33pm Jan 14, 2009 8:33pm
with latest .set defaults
Attached Image(s) (click to enlarge)
Click to Enlarge Name: s1.PNG Size: 72 KB
Click to Enlarge Name: ss2.PNG Size: 59 KB
  • #2,833
  • Jan 14, 2009 8:36pm Jan 14, 2009 8:36pm
Quoting gagaltotal
Great...

Use V4b, and use both mode, range and original setting

Attachment

Great work all!

** attached include .set of EA that i have changed.. all order manage by EA (no manual close), and it still running
good job
  • #2,834
  • Jan 14, 2009 10:59pm Jan 14, 2009 10:59pm
Quoting gagaltotal
Great...

Use V4b, and use both mode, range and original setting

Attachment

Great work all!

** attached include .set of EA that i have changed.. all order manage by EA (no manual close), and it still running

Last result, and still running..

Attached Image (click to enlarge)
Click to Enlarge Name: kg basket 1.gif Size: 83 KB
  • #2,835
  • Jan 15, 2009 12:53am Jan 15, 2009 12:53am
Quoting SteveHopwood
JpyVal = iCustom(NULL,0, "KG RS GROUP V1.1",1,0);
UsdVal = iCustom(NULL,0, "KG RS GROUP V1.1",0,0);
GbpVal = iCustom(NULL,0, "KG RS GROUP V1.1",4,0);
EurVal = iCustom(NULL,0, "KG RS GROUP V1.1",6,0);
ChfVal = iCustom(NULL,0, "KG RS GROUP V1.1",2,0);
AudVal = iCustom(NULL,0, "KG RS GROUP V1.1",5,0);
NzdVal = iCustom(NULL,0, "KG RS GROUP V1.1",7,0);
CadVal = iCustom(NULL,0, "KG RS GROUP V1.1",3,0);
Great Stuff.

Quoting SteveHopwood
Yes, if all the other conditions for a Strong basket are in place. This is an attempt to avoid entering trades when the move is already about to run out of steam - don't want to enter a Strong basket when the value is already, say, 66.
So it WOULD re-enter stong if it dropped to 64 and then reversed back up, but not if it only dropped to 66? By jove, I think he's got it !!

As always Steve you are a gentleman. Thanks for both of these.

Happy trading all.
  • #2,836
  • Jan 15, 2009 2:45am Jan 15, 2009 2:45am
Thanks to those of you who kept on posting that the StrengthInProfitClose thingy still is not working properly.

I had another look at the code a few minutes ago and spotted instantly what I had done. Coders here will understand how easy this blooper was to make:

xxxStrongPending and xxxWeakPending are the booleans that tell the EA to look for the Validation phase to kick in. The correct coding for closing, say, a JPY Strong basket should have read:

Inserted Code
if (MagicNumber == JpyStrongMagicNumber)
   {
      if (JpyVal > WeakEntryPending && JpyStrongUpl >= StrengthProfitDollarTarget) return(true);
   }// if (MagicNumber == JpyStrongMagicNumber)
In fact, it read:

Inserted Code
if (MagicNumber == JpyStrongMagicNumber)
   {
      if (JpyVal > JpyWeakPending && JpyStrongUpl >= StrengthProfitDollarTarget) return(true);
   }// if (MagicNumber == JpyStrongMagicNumber)

That is why the EA closed baskets whenever they hit a profit. Easy mistake to make. Easy mistake to fail to spot - classic case of not mattering how often I looked at the code, it still looked correct. Rather like spotting spelling mistakes in an essay at school - I was never any good at that, either.

Version 4c is attached. This has gone straight on my live account with the routine enabled. If you do not plan using it then there is no need to download it as there is nothing else new. Also, it will be incorporated in the next incarnation of the EA which will include the Daily Cross thingy.

Attached File(s)
File Type: zip KG basket flexible trading EA V4c.zip   590 KB | 797 downloads
  • #2,837
  • Jan 15, 2009 2:57am Jan 15, 2009 2:57am
I was just going throught the links, does the Formula 2MTF still need to be used with the EA?

I guess not, but I'd better ask.
  • #2,838
  • Jan 15, 2009 3:17am Jan 15, 2009 3:17am
Quoting sundog
I was just going throught the links, does the Formula 2MTF still need to be used with the EA?

I guess not, but I'd better ask.
Not by the EA. Not sure if KG RS GROUP 1.1 needs it.

  • #2,839
  • Jan 15, 2009 3:31am Jan 15, 2009 3:31am
Rgr thanks Steve, I guess KG, and or Matrixebiz can enlighten us.
  • #2,840
  • Jan 15, 2009 3:54am Jan 15, 2009 3:54am
Looks like the gods have conspired against this successful EA in the only way possible... so my PC has just recovered from a serious error, rebooted and as a result the open trades obviously not been managed.

DD is now out of sync on the account, but it has killed me....

Eddie
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Click to Enlarge Name: 15012008_0938.gif Size: 75 KB
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