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Relative Strength Basket Trading System

  • #3,161
  • Feb 2, 2009 8:47am Feb 2, 2009 8:47am
Hi All,

I started reading this thread a couple of days ago and have read it from beginning to end. First of all, I love your approach. I downloaded V6 yesterday and have it running with all 3 methods. So far so good...

Anyway, I know you guys don't know me from Adam, but I've been trading and writing EA's for a couple of years and have developed my own money management routines I use. I know this is a long shot, but is there anyway I can get the source so I can modify according to my own needs ? If not, then I have a question... Is there anyway to add positions to open trades that are in profit by a certain pip value or dollar value ?

thanks
  • #3,162
  • Feb 2, 2009 8:48am Feb 2, 2009 8:48am
Quoting eddiemiller
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

Eddie, I loaded mine onto the USDJPY Daily, it took a load of trades. Its validating 2 as I type.
  • #3,163
  • Feb 2, 2009 9:00am Feb 2, 2009 9:00am
Quoting eddiemiller
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
You can load it onto any D1 chart you wish. I use GJ because of the volatility.

If you have No_Trade_For_X_Bars at its default of 2, and DC trades that closed on Friday, then the EA will not start looking for crosses on those pairs until tomorrow.

At least, I think it will not. I don't really understand matrixebiz' code for this funtion. I will probably re-write the code at some point, so that I understand it. That is not a criticism of matrixebiz; other programmers code is always difficult to read unless you are a pro coder, and I am certainly not that.

  • #3,164
  • Feb 2, 2009 9:07am Feb 2, 2009 9:07am
Quoting sundog
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.
There is no time set for the length of validation, only checks on whether the lower tf's of your choice line up.

KG's DC method works thus:

  1. a cross occurs two trading days ago, or two daily candles
  2. the crossing trigger remains above the crossed (buy) or below (sell) throughout the following candle/day.
  3. the cross is maintained today, so the EA starts validating the lower tf's and will enter the trade when they line up.

If the crossing trigger re-crosses the crossed trigger, then the original cross is cancelled and the whole process starts again.

Eventually, I can code some tolerance into this process to help avoid the sort of unnecessary cancellation you describe. For now, let's just see how things work out as they are. This method has made a ridiculously profitable start, so I am going with a it-aint-bust-so-I-am-not-fixing-it approach for now.

  • #3,165
  • Feb 2, 2009 9:21am Feb 2, 2009 9:21am
Thats good enough for me Steve, tks
  • #3,166
  • Feb 2, 2009 9:34am Feb 2, 2009 9:34am
hello mr.SteveHopwood
thanks for the welcome,
a question:
they had now trades?
if so what setting?
best thanks and regards
josef
  • #3,167
  • Feb 2, 2009 10:15am Feb 2, 2009 10:15am
hello mr.SteveHopwood

I have 3 broker
Activ Trades, IBFX, Alpari
and all have different values, even though I have almost the same time, the images stored
Who can I explain?
best regards
josef
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bild activ.gif Size: 75 KB
Click to Enlarge Name: bild alpari.gif Size: 98 KB
Click to Enlarge Name: bild interbank fx.gif Size: 92 KB
  • #3,168
  • Feb 2, 2009 12:23pm Feb 2, 2009 12:23pm
hello mr.SteveHopwood,

ea should trade?
best regards
josef

Attached Image (click to enlarge)
Click to Enlarge Name: bild alpari 2.gif Size: 76 KB
  • #3,169
  • Feb 2, 2009 1:02pm Feb 2, 2009 1:02pm
18:58 GMT EA V6

Opened a jpy basket using original method.
  • #3,170
  • Feb 2, 2009 1:18pm Feb 2, 2009 1:18pm
Steve, is there any way an Alert can be coded for the Daily Cross? Or for any timeframe for that matter? Thanks.

Misterpipster
  • #3,171
  • Feb 2, 2009 1:29pm Feb 2, 2009 1:29pm
Quoting misterpipster
Steve, is there any way an Alert can be coded for the Daily Cross? Or for any timeframe for that matter? Thanks.

Misterpipster
Yes there is. What do you want the Alert to tell you/warm you about?

  • #3,172
  • Feb 2, 2009 1:37pm Feb 2, 2009 1:37pm
Hi Steve. Just to alert us to a DC Cross for possible trades using the daily charts. Manually getting into trades perhaps. Just wondering. Big pips are available on the crosses using KG RS GROUP 1.2a. What do you think? Thanks for everything.

Misterpipster
  • #3,173
  • Feb 2, 2009 1:46pm Feb 2, 2009 1:46pm
hello mr.SteveHopwood,

I think I am going crazy -

I must manually open the basket?
or opens the EA?
Now I understand nothing..
please help
best regards
josef
  • #3,174
  • Feb 2, 2009 2:07pm Feb 2, 2009 2:07pm
hello mr.SteveHopwood,

what is my problem?
The demo account is ibfx
I keep getting these messages

please help
best regards josef

Attached Image (click to enlarge)
Click to Enlarge Name: bild interbank fx 1.gif Size: 100 KB
  • #3,175
  • Feb 2, 2009 3:06pm Feb 2, 2009 3:06pm
Quoting vienna
hello mr.SteveHopwood,

I think I am going crazy -

I must manually open the basket?
or opens the EA?
Now I understand nothing..
please help
best regards
josef
I have done the best I can for you. You now have to do the reading and study here that everyone else has done. You have to learn to trade the methods manually before you can hope to use the EA.

Good luck. Have fun. The rest of us are.

  • #3,176
  • Feb 2, 2009 3:14pm Feb 2, 2009 3:14pm
Quoting misterpipster
Hi Steve. Just to alert us to a DC Cross for possible trades using the daily charts. Manually getting into trades perhaps. Just wondering. Big pips are available on the crosses using KG RS GROUP 1.2a. What do you think? Thanks for everything.

Misterpipster
As I described earlier, the EA starts validating a DC cross trade when a cross happened two candles ago.

Are you after an alert as soon as the cross happens? For example:

  1. Yesterday,GBP trigger's rs was below that of JPY.
  2. Today it is above, so a cross has occurred, so show an Alert to show this?

  • #3,177
  • Feb 2, 2009 3:19pm Feb 2, 2009 3:19pm
Just a personal preference from observation. I am reducing the ATR period to 5 since it has a higher likleyhood of bieng hit based upon my previous experience with daily systems. the 20 period has very lofty goals which dont get hit.
  • #3,178
  • Feb 2, 2009 3:28pm Feb 2, 2009 3:28pm
Quoting dracozny
Just a personal preference from observation. I am reducing the ATR period to 5 since it has a higher likleyhood of bieng hit based upon my previous experience with daily systems. the 20 period has very lofty goals which dont get hit.
I would appreciate you keeping us in touch with what happens as a result of reducing the ATR period.

asjeff introduced me to the idea of using ATR to calculate tp's and sl's in another forum. I am still at the stage of using it as a blunt tool, without any experience beyond using it in a 5 minute scalping EA.

Those DC tp's certainly appear a long way away; I assumed this was a result of daily trading, something I had no experience at all of, until KG posted his strategy.

  • #3,179
  • Feb 2, 2009 3:30pm Feb 2, 2009 3:30pm
Quoting SteveHopwood
I would appreciate you keeping us in touch with what happens as a result of reducing the ATR period.

asjeff introduced me to the idea of using ATR to calculate tp's and sl's in another forum. I am still at the stage of using it as a blunt tool, without any experience beyond using it in a 5 minute scalping EA.

Those DC tp's certainly appear a long way away; I assumed this was a result of daily trading, something I had no experience at all of, until KG posted his strategy.

http://www.forexfactory.com/showthre...53#post2303953
EOD system is partly the reason why I prefer atr(5)

I have been manually closing trades last week for less than what was achieved. so this week new start with familiar settings.
  • #3,180
  • Feb 2, 2009 3:34pm Feb 2, 2009 3:34pm
Quoting vienna
hello mr.SteveHopwood,

what is my problem?
The demo account is ibfx
I keep getting these messages

please help
best regards josef

setting: pair suffix = m

delete the "m"

and read the manual that came with the EA
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