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Relative Strength Basket Trading System

  • #3,181
  • Feb 2, 2009 3:49pm Feb 2, 2009 3:49pm
Quoting dracozny
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.
I am just reading his post no 6, where Paulus describes his use of ATR to set a tp.

Do me a favour, please, and go to http://www.forexpros.com/education/t...bjectives-2592

This is the link asjeff sent me when he introduced me to using ATR to calculate a tp. This article talks about using ADX to produce a multiplier for the result of the ATR calculation. The KG Relative Strength EA uses this formula when calculating the tp of a DC trade.

If experience has taught you to accept the ATR(5) unencumbered for daily trades, I will happily make the ADX multiplier an option.

  • #3,182
  • Feb 2, 2009 3:59pm Feb 2, 2009 3:59pm
Quoting SteveHopwood
I am just reading his post no 6, where Paulus describes his use of ATR to set a tp.

Do me a favour, please, and go to http://www.forexpros.com/education/t...bjectives-2592

This is the link asjeff sent me when he introduced me to using ATR to calculate a tp. This article talks about using ADX to produce a multiplier for the result of the ATR calculation. The KG Relative Strength EA uses this formula when calculating the tp of a DC trade.

If experience has taught you to accept the ATR(5) unencumbered...
I will play with the reduced atr period for now and then we can consider the possibility of adding a adx multiplier on/off setting.

thank you for the explanation though i was a bit confused on that note in the manual
  • #3,183
  • Feb 2, 2009 3:59pm Feb 2, 2009 3:59pm
i am using v6 on different brokers. both are showing the following error in the experts folder:

unknown subwindow number -1 for objectcreate function

it is a continuous error with each tick
  • #3,184
  • Feb 2, 2009 4:06pm Feb 2, 2009 4:06pm
Quoting dracozny
I will play with the reduced atr period for now and then we can consider the possibility of adding a adx multiplier on/off setting.

thank you for the explanation though i was a bit confused on that note in the manual
That is great. Thanks. Just remember that the EA does calculate the tp with reference to the multiplier indicated by ADX, as described in the article. This means your ATR tp is being multiplied by either 4 or 2 depending on the value of the ADX Main line.

  • #3,185
  • Feb 2, 2009 4:14pm Feb 2, 2009 4:14pm
dracozny, I am going to add a condition that will allow you to set AdxPeriod to 0 and use your pure ATR setting. Which broker do you use?
  • #3,186
  • Feb 2, 2009 4:26pm Feb 2, 2009 4:26pm
Quoting SteveHopwood
dracozny, I am going to add a condition that will allow you to set AdxPeriod to 0 and use your pure ATR setting. Which broker do you use?
alpari-US in demo
  • #3,187
  • Feb 2, 2009 4:27pm Feb 2, 2009 4:27pm
I see dracozny has gone offline, so I will post the non-Alpari version.

dracozny, set the AdxPeriod to 0 and the EA will ignore it in calculating the DC tp.

Other users, if you either do not know what ADX is, or do but couldn't care less, then ignore the latest release. It has nothing else new.

Attached File(s)
File Type: ex4 KG Relative Strength trading EA V6a.ex4   216 KB | 566 downloads
  • #3,188
  • Feb 2, 2009 4:28pm Feb 2, 2009 4:28pm
Quoting dracozny
alpari-US in demo
Damn. Give me a couple of minutes
  • #3,189
  • Feb 2, 2009 4:32pm Feb 2, 2009 4:32pm
Quoting dracozny
alpari-US in demo
Here you go.

Attached File(s)
File Type: ex4 KG Relative Strength trading EA Alpari V6a.ex4   216 KB | 662 downloads
  • #3,190
  • Feb 2, 2009 4:52pm Feb 2, 2009 4:52pm
Quoting callmevossle
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 ?...
Sorry, I intended replying to this all day but have been busy.

I will not release the source code for three reasons:

  1. A lot of it is so embarrassing that nobody else is ever going to see it.
  2. I know from reading other threads that all sorts of (often brilliant) coders will add their own personal bit to an EA. The thread ends up with mega-variations that are impossible to keep tabs on.
  3. There are far worse EA's than this one being sold on Ebay for stupid amounts of money. If I release the source code, unscrupulous people will pirate it and claim it as their own. I will not easily allow a piece of software being distributed free to become a profit-maker for someone else. Ok, I am doing the coding, but the brilliant ideas have come from some fantastic people here, and I owe it to them to do the best I can to allow the EA to be used as we all intend.

Feel free to write your own DC ea and post it here - lots of people, including me, will give it a trial. It is an easy strategy to code.

If you cannot be bothered, or feel the EA has benefits to you as it stands already, then hang on a while. The DC function is by far the most profitable and promising so far. I know a fantastic trader (Bluto) who stands firmly by the principle of adding to succesful positions - he calls it 'scaling in', and so know this works even though I have not yet used the tactic myself.

I feel as though I have spent my entire life coding this EA, yet I know it has not been all that long. The DC functions are only a couple of weeks old. As time passes, I am happy to add extra funcionality that users know from experience is successful in other methods. Sometimes I do this immediatelyl sometimes it takes a while - it all depends on what I am up to in my day job.

So, please post your scale-in parameters for all our benefit. I will add them to the EA as soon as I can.

  • #3,191
  • Feb 2, 2009 4:58pm Feb 2, 2009 4:58pm
EA V6

FYI: my original method basket trade (jpy) closed out using the Global % profit right on schedule. worked perfect!

Has anyone had a DC trade today??
I changed the "No trades for X bars to 0" but so far no trade for me.
Just checking.
  • #3,192
  • Feb 2, 2009 5:03pm Feb 2, 2009 5:03pm
Quoting tommyd
EA V6

FYI: my original method basket trade (jpy) closed out using the Global % profit right on schedule. worked perfect!

Has anyone had a DC trade today??
I changed the "No trades for X bars to 0" but so far no trade for me.
Just checking.
it has to be more than 2
  • #3,193
  • Feb 2, 2009 5:07pm Feb 2, 2009 5:07pm
Quoting dracozny
it has to be more than 2
Are we talking about the same thing?
Default is 2 and Steve did mention doing this to get it to take a trade sooner than the 2 bar (2day) waiting after a previous trade.
I'll look back to find that post...
and he did not actually say you could lower it to zero , we'll just have to experiment .
  • #3,194
  • Edited 5:26pm Feb 2, 2009 5:12pm | Edited 5:26pm
Quoting tommyd
EA V6

FYI: my original method basket trade (jpy) closed out using the Global % profit right on schedule. worked perfect!

Has anyone had a DC trade today??
I changed the "No trades for X bars to 0" but so far no trade for me.
Just checking.
Great that the trade worked out for you. I am still not sure that the Original method coding is correct, especially if ReverseNotCancel is set to true, so please keep posting your results.

I had ReverseNotCancel set to true, and the EA took out a Weak Original basket when it should have taken out a Strong basket. I closed this out manually at about -100 because everything I could see on screen shouted that the basket was taken out in the wrong direction. It could simply be that ReverseNotCancel does not work with Original basket trading.


  • #3,195
  • Feb 2, 2009 5:20pm Feb 2, 2009 5:20pm
Steve
as far as the original basket trade above I had set the reverseNotCancel to false, but the trade did seem to function correctly.

As for setting the Not Trade for X bars to zero I am trying to induce a trade just to be sure it s working.
I can't say I have seen anyone post having any DC trades since you released V6 but I might have missed them.... which is why I asked if anyone had.
  • #3,196
  • Feb 2, 2009 5:42pm Feb 2, 2009 5:42pm
Quoting tommyd
as far as the original basket trade above I had set the reverseNotCancel to false, but the trade did seem to function correctly.
That is very helpful. Thanks. Further evidence that ReverseNotCancel is not a good idea when trading the Original method. This has been my experience so far, albeit a limited one.

Quote
As for setting the Not Trade for X bars to zero I am trying to induce a trade just to be sure it s working.
I can't say I have seen anyone post having any DC trades since you released V6 but I might have missed them.... which is why I asked if anyone had.
That made me wonder whether I had made my oft-repeated mistake of not reading a contribution properly, so I went back and read it. I had indeed mistaken the meaning of your post, so many apologies. I have been back and edited it.

So, to answer your point more usefully: turning X-bars to zero will probably make no difference because of the way the DC method works.

  1. A 'cross' happens two days ago.
  2. A trade is validated by the alignment of lower tf's selected by you and is placed.
  3. This trade runs for a day or more and eventually closes.
  4. The EA waits for a new cross to take out a trade. In the nature of things, this cross will be in the opposite direction to the original.

The X-bars thingy is to avoid this scenario:

  1. A cross occurs and a trade is validated.
  2. The markets abruptly retrace and the trade is taken out by hitting its stop loss.
  3. The market returns to the direction it was heading when the original trade was taken, so the EA takes another trade..............when......
  4. The markets abruptly retrace and the trade is taken out by hitting its stop loss,

Um, sorry. I have just described whipsaw, haven't I? Ah well, I will leave it in for the dubious benefit of new traders unfamiliar with the concept.

I can get into such a tangle sometimes, so:

The x-bars thingy is to avoid whipsaw. Set this to 0 and you open yourself up to this.

  • #3,197
  • Feb 2, 2009 6:00pm Feb 2, 2009 6:00pm
I am fairly sure it is working ok. The latest version makes no changes to the cross-spotting routine.

Also, I accidentally put it on a 1h chart earlier, and it took some trades.

I am waiting for the new daily candle to see if some new potential trades appear for validation. I am not sure they will because the position that closed earlier contained a lot of DC. We shall see.

  • #3,198
  • Feb 2, 2009 6:05pm Feb 2, 2009 6:05pm
Quoting BluePearl
i am using v6 on different brokers. both are showing the following error in the experts folder:

unknown subwindow number -1 for objectcreate function

it is a continuous error with each tick
steve, did you see this previous post about this bug?
  • #3,199
  • Feb 2, 2009 6:06pm Feb 2, 2009 6:06pm
Yep, new daily candle and a couple of trades immediately - gbpjpy gbpusd sells. A few pending trades waiting for validation.

Looking good.

  • #3,200
  • Feb 2, 2009 6:07pm Feb 2, 2009 6:07pm
Quoting BluePearl
steve, did you see this previous post about this bug?
Yep. Ignored it. Answered about 1000 times here. Do some reading.
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