Relative Strength Basket Trading System

Do you mind posting your set file sundog?

There are just a couple of things I need to check before deciding there is actually a bug in the simplest bit of coding the the entire EA and slashing my wrists.

Do you mean a reverse on close because of recross?

sundog has sent me his set file and I think I see the problem - a setting for No_Trade_For_X_Bars that is too low. Leave No_Trade_For_X_Bars set to a minimum of 2 to make the EA wait for the next daily candle before sending a trade for the pair with the original closure.

I think this solves the prob as I have not experienced it. Please post here if your set a higher value for No_Trade_For_X_Bars and still get quick re-entries.

The Stochastic filter is easy to code, so I shall try to have it in place by trade opening on Sunday night/Monday morning. I have a busy weekend with teaching and rehearsals for a concert, so I might have to wait until Monday. Whatever, I shall do it soon.

It's the 5-digit thingy, so you must add another 0(zero) to control variables like stop loss. If you want some 30 pips, you enter 300.

Good luck,
Max

Don't worry about you english - it's fine.

there are two eas one says alpari and the other not. is that the only difference between the two? the pdf file does not say anything about it.

Some members found the original EA would not work on their Alpari accounts. I provide a version compiled by an Alpari demo so I know it will run for them. Users of that version have to make their own adjustments to sl, tp, and max spread settings.

V6 is attached. I have given it a new version number because it is a biggy, assuming the strategy works and the code is correct.

So watch out for V6a.......V6z100000.

DC trading: I have added the Stochastic trade filter. For now, I have gone with offering the options of raising/lowering the overbought/sold levels and coded the usual indi defaults. Given sufficient demand, I will consider adding code to allow users to input different indi settings, but please remember how huge are the inputs to this EA already before requesting this.

My re-modelling of what goes on under the bonnet of the Range and Original sections of the EA has allowed me to re-introduce trade to reverse the direction of individual trades that fail the KG filter condition, rather than cancel them. This will result in fewer cancelled baskets. Assuming the code is correct.

I copy this from the user guide. It says everything that needs to be said about the new feature. Inputs are to be found in the Individual basket trade filters section of the General Inputs section:

1. BasketReverseNotCancel: this applies to the individual trades that make up a Range or Original basket. If set to true, this setting reverses the direction of the individual trade, if the decision returned by UseKgGroupFilter would otherwise result in it being cancelled. This leads to far fewer basket cancellations, but the long-term success of this strategy remains to be seen. Here is how it works. Imagine the EA wants to send a Strong JPY basket I,e, sell xxxJPY. Suppose it is examining the state of GBPUSD, and finds that:
   1. The GBP trigger index is lower than that of JPY. Here, the strength of GBP is in decline against JPY, so it allows the sell GBPJPY to go ahead.
   2. The GBP trigger is higher than that of JPY. Here, the strength of GBP is in ascent against JPY even though the JPY trigger is rising in strength generally. GBP must be rising strongly, so it cancels the sell GBPJPY and takes out a buy GBPJPY instead.

As usual, please report any unusual thingies here, especially with regard to the BasketReverseNotCancel thingy.

Thingies are so important.

Awesome work as always. Do you ever sleep? I'm looking forward to testing this (I think the stoch idea was a great addition).

The last version (dc method) did very well for me on Thursday and Friday so hopefully with some more options regarding entries this version will perform even better.

I'll keep a lookout for problems and if any are found, this time I promise to post all relevant information rather than my usual "hey! this thing broke on me" lol

For those of you who fancy trialling all three EA methods on the same demo, I attach three set files you can use to get you started - one for each.

They represent the setfiles I am using on my IBFX account. You will need to make your own changes to accommodate non-IBFX, Alpari etc, especially with regard to spreads etc.

The biggest changes that need to be made when trading both basket Range and Original methods are the magic numbers. These set files take care of that.

Have fun.

hello mr.SteveHopwood,

I have a big problem,
of ea tradet not
what am I doing wrong?

watch the charts -
I am no longer enough!

please help me.
thank you very much,
best regards
josef

vienna, the EA is trying to send a basket but the trades are not reaching the server.

Click the Experts tab and scroll down; see if you find any entries beginning with, "Order send failed with error......" and tell me what you see there.

hello mr.SteveHopwood

Here are the settings.
best thanks for the help
best regards
josef

I see you are using the Alpari version with an ActiveTrades demo. This version might not work with ActiveTrades. Try the other version instead.

The other version is for IBFX and IBFX-compatible platforms. If the EA does not work with ActiveTrades, then go to http://www.ibfx.com/ and download their demo platform.

A great start to the trading week.

The EA closed out all my DC trades from last week, in the early hours of this morning. They boosted the balance by a cool 10%. Nice.

I have doubts about the success of ReverseNotCancel for Range and Original basket trading. The coding is correct - I have a USDD basket open with some trades in the 'wrong' direction. All these trades are in dd and the basket is over 300 pips down.

I had intended releasing this version with ReverseNotCancel turned off by default, but forgot. Make sure you understand what you are doing by leaving this turned on. Do not use it live until we can say for definite that the strategy works. I doubt it will; if the strength of a trigger is risingfalling in relation the the other triggers, then eventually they are likely to fall into line and behave themselves. We shall see.

thank you mr.SteveHopwood,
i have exchanged

Please check the chart ,

journal and expert-
true now?
thanks
best regards
josef

Looks ok, vienna.

hello mr.SteveHopwood,

I have a question,
ea of the works on the same account with all 3 variants?
gbpjpy H1 original ,gbpjpy H1 range and D1 cross method?
and what is the best setting?

Thank you for your patience for me,
best regards josef

Yes.

Yes.

No idea. Use the set files I posted earlier to get you started, maybe turn off ReverseNotCancel, and make your own decisions about altering the settings.

You are welcome. It has probably helped a few others as well.

anyone have trades using Steve's set file.
DC method. No trades here so far.

Steve

V6 loaded with your DC set file.

No trades at all today.

Can I check the EA should be loaded to a the GPYJPY daily chart?

Eddie

Just sitting here watching the Relative Strength, I noticed that the strength crossed over the validating line, the EA begun to validate as it should. However for a split second the strength dipped below the line, and the trade was cancelled, before the strength continued on its way north.

Should it not wait for the end of the validation period (time filter) to determine whether or not the trade is valid? This is the 2nd time that has happened, the first time I wasn't sure of the reason.


Cheers.