Relative Strength Basket Trading System

Something funny about the DC, i have the TF's at 240, 60 & 30. Yet it recrossed 9 times on the same pair within 15 mins.

My understanding is that when the Daily stength crosses, it works its way down the TF's to confirm what the Daily has told us. But to recross it is only the Daily that closes off the trade?

Since I've put V4E on, i've had no re occurrence of the above.

i am using v4e as well but i have not seen the recross madness ever

Nor have I. You do have the DC method on a D1 chart, don't you sundog?

It has taken nearly a whole trading week, but the DC trades are starting to kick in on my triple-method demo. As I write, there are 11 open trades with a upl of about +500 pips.

Hi Steve and belated Happy New Year to you.

Glad to get you on this thread, the EAs and scripts you so kindly given is God sent, exactly what I was looking for .I am on demo and struggling still and miraculously I come across what you have to offer. What a Blessing.

Have tried getting help from IBFX and all over instead of troubling you.
I've downloaded the scripts on Muti-purpose management into MT4 Nagivator, off and on the computer. But can't seem to get them to execute on charts. Each time I try to execute any script (not necessary yours) I observe in journal "...successfully loaded" and immediately followed by ".....removed".

You have illustrated on the script window how to enter on the Input tab, what about the Common tab.

Also, there are so many selection at Tool, Option Tab to be marked/ticked. Maybe, I'm all messed up in this two Tabs. If you can spare the time and no hurry.

Another question about scripts. If the system require a 4H, does it mean, the chart has to be on 4H at time of execution of script. What I mean is, does the TF got to tally.

Wow, you do have many threads going. Will explore them when I learn to handle the basics with the help of the tools you so kindly provided, there is hope.

Also, have never used EAs before.


GOD BLESS YOU AND HAPPY PIPPING"

hello , SteveHopwood
i have this problem,
can you help me ?

what should I do?

2009.01.30 08:44:43 KG RS GROUP V1.1 GBPJPY,H4: unknown subwindow number -1 for ObjectCreate function
2009.01.30 08:45:41 KG RS GROUP V1.1 GBPJPY,H4: error: code #4202

thank you verry much
josef

Yes Steve, on the D1.

May I ask are you using any time frame other than the default 240/60?

Josef, the first one, ignore, the second I cant help you im sorry.

Ok, this is not a complaint, just saying as it happened.

Daily Cross, on a Daily Chart. Validating TF 240, 60, 30, 15.

Also the trading thingy set to 0, so that it will trade all day.

First trade taken, went against, to - 60 pips, which is cool, its -10 as I write.

The 2nd trade, closed out because of the recross, almost immediately opened same direction same pair, then closed again due to recross.

I disabled the EA from live trading, but I see it is considering the same trade yet again.

Am I completely daft? is there something I am missing.. Thanks for your patience.

look here

http://www.forexfactory.com/showpost...postcount=3100

Now this may have been my fault then... running the DC EA on a H1 time frame, with 240, 60, 30, 15 crosses active.... perhaps this would explain the re-cross?

If it is in all fairness all of my screen shots show the 1H TF and no one spotted it!

If not then it is re-crossing and since turning off the close on re-cross balance has improved.



Eddie

hallo MaxM,
thank you verry much,
the problem is solved,

I have another question:

What is the difference for EA Alpari or not Alpari ?
The broker time?
or is it the 5 or 4 digit?
or is it variable spread or fix spread?
sorry for my bad english.
best regards
josef

V5 is attached.

From your point of view, little has changed. Under the hood, quite a lot has.

I have completely re-written the basket trade sending functions and they now send trades in the right direction, so far as I can see. They have been doing so all morning on my machine. The problem was caused by the ReverseNotCancel thingy I added several ice ages ago, but which caused chaos in the trades. Removing the option merely left the chaos, something I had not realised. Hey ho.

If there are insufficient individual trades available to make up a basket, the Range method merely cancels everything and goes for a doze. The Original method keeps on trying and frantically sends those basket cancelled messages. Endlessly. The best way to deal with this is to turn off the ShowAlerts setting when trading the Original method. I have moved it right to the end of the inputs to make it easy to find.

I have updated the user guide with details about the recross close.

Remember guys, the DC strategy is A DAILY strategy. If you use it on a lower tf with close on recross turned on, you will get cut to ribbons. If you happen to make some profits, you are merely being lucky. If you don't understand the method, then do some reading here. KG made it abundantly clear when he first posted it.

Also, when using the EA to trade the DC method, remember not to change timeframes on the chart hosting the EA. This causes chaos.

__________________________________________________________
sundog, I use 240, 60, 30, 15 to filter down to successively lower tf's.

Re the rapid re-entry after a recross close, can you say if you happened to change tf's at all whilst viewing the screen? If not, then there must still be a fault in the code somewhere that I need to track down.

I think it safe to say this EA is a monster--kgEA4g is still jogging alone but not without some bumps.

ON the second attachment--Using the settings 240-60-15----the EA gave a buy signal just when the USDCHF was OVERSOLD(levels) on the stochastic indicator.

well, you can guess what happened next--A RETRACEMENT(the dredded DRAWDOWN)--this makes me constantly nervous--of course it recovered but who's to say next time.

_stevehopwood_

what do you think about the sample code to prevent the ea from opening on OVERSOLD/OVERBOUGHT levels?.


RSI4H= iRSI(NULL,PERIOD_H4,9,PRICE_CLOSE,i4h);
Stoch4H1= iStochastic(NULL,PERIOD_H4,10,3,3,MODE_SMA,0,MODE_MAIN,i4h);
Stoch4H2= iStochastic(NULL,PERIOD_H4,10,3,3,MODE_SMA,0,MODE_MAIN,i4h+1);
Signal4H1= iStochastic(NULL,PERIOD_H4,10,3,3,MODE_SMA,0,MODE_SIGNAL,i4h);
Signal4H2= iStochastic(NULL,PERIOD_H4,10,3,3,MODE_SMA,0,MODE_SIGNAL,i4h+1);

if(Stoch4H1>Stoch4H2 && Signal4H1>Signal4H2) StochCHANGE4H=1;
else if(Stoch4H1>Signal4H1) StochCHANGE4H=1;
else if(Stoch4H1<Signal4H1) StochCHANGE4H=2;
else if(Stoch4H1<Stoch4H2 && Signal4H1<Signal4H2) StochCHANGE4H=2;
else StochCHANGE4H=0;
if(!Strict_4Hr_Trend && maCross4H==1) TrendON =1;
else if((Strict_4Hr_Trend) && (maCross4H==1) && (RSI4H>50) && (StochCHANGE4H==1)) TrendON =1;
else if((Strict_4Hr_Trend) && (maCross4H==2) && (RSI4H<50) && (StochCHANGE4H==2)) TrendON=-1;
else if(!Strict_4Hr_Trend && maCross4H==2) TrendON=-1;
else TrendON=0;

if(Show_Trend)
{
if(TrendON==1) UPTrend[i]= Low[i]-IndicatorDisplacement*Point;
if(TrendON==-1) DNTrend[i]= High[i]+IndicatorDisplacement*Point;
}

if(Period15m)
{
//---- TRIGGERS
ma5now=iMA(NULL,0,5,0,MODE_EMA,PRICE_CLOSE,i);
ma10now=iMA(NULL,0,10,0,MODE_EMA,PRICE_CLOSE,i);
ma5prev=iMA(NULL,0,5,0,MODE_EMA,PRICE_CLOSE,i+1);
ma10prev=iMA(NULL,0,10,0,MODE_EMA,PRICE_CLOSE,i+1);
if(ma5now > ma5prev && ma10now > ma10prev && ma5prev < ma10prev && ma5now > ma10now) maCross=1;
else if(ma5now < ma5prev && ma10now < ma10prev && ma5prev > ma10prev && ma5now < ma10now) maCross=2;
else maCross=0;
RSI= iRSI(NULL,0,9,PRICE_CLOSE,i);
Stoch1= iStochastic(NULL,0,10,3,3,MODE_SMA,0,MODE_MAIN,i);
Stoch2= iStochastic(NULL,0,10,3,3,MODE_SMA,0,MODE_MAIN,i+1);
Signal1= iStochastic(NULL,0,10,3,3,MODE_SMA,0,MODE_SIGNAL,i);
Signal2= iStochastic(NULL,0,10,3,3,MODE_SMA,0,MODE_SIGNAL,i+1);
if(Stoch1>Stoch2 && Signal1>Signal2) StochCHANGE=1;
else if(Stoch1>Signal1 && Stoch2<Signal2) StochCHANGE=1;
else if(Stoch1<Stoch2 && Signal1<Signal2) StochCHANGE=2;
else if(Stoch1<Signal1 && Stoch2>Signal2) StochCHANGE=2;
else StochCHANGE=0;

//MACDChange1=iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_MAIN,i);
MACDChange1=iOsMA(NULL,0,12,26,9,PRICE_CLOSE,i);
//MACDChange2=iMACD(NULL,0,12,26,9,PRICE_CLOSE,MODE_MAIN,i+1);
MACDChange2=iOsMA(NULL,0,12,26,9,PRICE_CLOSE,i+1);

if(MACDChange2<0 && MACDChange2<MACDChange1) MACDChange=1;
else if(MACDChange2>0 && MACDChange2>MACDChange1) MACDChange=2;
else MACDChange=0;

if((maCross==1) && (RSI>50) && (StochCHANGE==1) && (MACDChange==1) && ((TrendON==1)||(Only_Show_Valid_Triggers==false))) Trigger=1;
if((maCross==2) && (RSI<50) && (StochCHANGE==2) && (MACDChange==2) && ((TrendON==-1)||(Only_Show_Valid_Triggers==false))) Trigger=2;

if(Trigger>0) Print(MACDChange1);
if(Trigger==1) UPTrigger[i]= High[i]+10*Point;
if(Trigger==2) DNTrigger[i]= Low[i]-10*Point;

if((Trigger>0)&&(Send_Mail) && (TimeYear(Time[i])>=Year())&&(TimeMonth(Time[i])>=Month())&&(TimeDay(Time[i])>=Day())&&(TimeHour(Time[i])>=Hour())&&(TimeMinute(Time[i])>=Minute()))
{
if(Trigger==1) text="BUY ";
else text="SELL ";

SORRY---the ea opened a buy at the OVERBOught levels of the stochastic indicator not OVERSOLD---it recovered but it makes me nervous everytime

Thanks taomql4. I don't really have any idea what all that code does.

I am not averse to consulting Stoch and aborting a DC trade at the overboughtsold levels.

Would it be helpful? KG, you are the instigator of this system and have been using it for longer than the rest of us. What do you think? Adding a quick iStochastic filter would be easy.

And well worth having (part of my manual trading setup)

Eddie

Steve,

I have experienced some (what I feel to be) pre-mature closures of trades due to the re-cross thingy. I love the theory of this feature. Upon investigation of why some of my trades have closed, I believe it is because the KG RS Group strength (+) and (-) reversed against me and not that they have actually re-crossed. Is this the intent of your coding?

As I am typing this, I think I know why it is doing this (I have one set up for the Daily Cross and one for a 4 hr cross). I think they may have the same magic number and the Daily cross is closing because of a recross in the 4 hr TF. I will change this and try it.

If the EA would 1) take out a trade when a cross occurs 2) exit trade at re-cross and 3) take out the same trade in the opposite direction (upon the recross of step 2), I believe that overtime you would be very sucessfull (Daily Chart would be a Monster Pip slayer and even in the 4 hr TF if you felt you just had to be in a trade , however I would not go any lower than 4hr)

Steve I didn't touch anything, I swear ! I just let it play out and report.

Can I have a function(true/false) to reverse the trade direction? I'll be a millionaire

Tks.

Here are the results for the week with the dc cross method. Many thanks to Steve Hopwood on his efforts. 1051 pips were made. I closed out all open positions for the weekend. Not bad at all...