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Relative Strength Basket Trading System

  • #3,221
  • Feb 3, 2009 8:43am Feb 3, 2009 8:43am
Attached is V6c.

I have added a new DC trade filter - a minimum trigger gap before a trade is allowed. Read about this in the guide, DC section, straight under the trading pair choices - this is where you will find the input in the EA.

The default of 5 is pure guesswork. Any ideas?

I have removed all the closing scripts and mtpm from the zip; they can always go back in if people want.

I have included:

  1. The equity analyser that toyoproxo kindly posted here. Everyone should have this - it is very satisfying to see what an account will become in a years time.
  2. Three set files to get people up and running quickly, using all three methods on the same account. Users will need to make their own tweaks - remember 5 digit brokers, the pair suffix etc.

Attached File(s)
File Type: zip KG Relative Strength EA V6c.zip   577 KB | 863 downloads
  • #3,222
  • Feb 3, 2009 9:44am Feb 3, 2009 9:44am
Steve

Using the set file provided we have a loss today... is that right?

Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: 03022009_1541.gif Size: 67 KB
  • #3,223
  • Feb 3, 2009 10:16am Feb 3, 2009 10:16am
Quoting eddiemiller
Steve

Using the set file provided we have a loss today... is that right?

Eddie
Don't know, Eddie. I don't use them. They are get-you-started-if-you-are-lost sets. The ones I use are tweaked to suit myself.

Not sure you need get-you-started-if-you-are-lost sets.

  • #3,224
  • Feb 3, 2009 10:20am Feb 3, 2009 10:20am
Hi guys,

today I wanted to use the KG RS System live on Alpari account and got the message " xxxBasket cancelt - insufficient trades available "...or similiar...donīt remember the exact words.

Then I said, ok...since it is trading nicely on Activtrades Demo Account, I go live on Activtrades....but there it wonīt open trades at all, probably because I have a number off longterm trades running there...

So it doesnīt seem to be able to handle when other trades, also from other EAīs, are open ?!
And what can I do about the above mentioned problem? Does anyone have Alpari and uses this EA? What did you change?

Alpari has 30 pairs versus Activtrades with 40 pairs....

Help will be greatly appreciated.

Thanks.

4rexlady
  • #3,225
  • Feb 3, 2009 11:12am Feb 3, 2009 11:12am
Quoting 4rexLady_de
Hi guys,

today I wanted to use the KG RS System live on Alpari account and got the message " xxxBasket cancelt - insufficient trades available "...or similiar...donīt remember the exact words.

Then I said, ok...since it is trading nicely on Activtrades Demo Account, I go live on Activtrades....but there it wonīt open trades at all, probably because I have a number off longterm trades running there...

So it doesnīt seem to be able to handle when other trades, also from other EAīs, are open ?!
And what can I do about the above mentioned problem?...
Step 1 Read the manual.
Step 2 Read the whole thread.
Step 3 If you still have problems, see step 1
Chance favors the prepared mind...
  • #3,226
  • Feb 3, 2009 12:30pm Feb 3, 2009 12:30pm
Here is a suggestion for CloseDcTradesOnRecross. Have it linked to lower time frame confirmations so that you can have a stop-reverse system.
  • #3,227
  • Feb 3, 2009 3:33pm Feb 3, 2009 3:33pm
Quoting BluePearl
Here is a suggestion for CloseDcTradesOnRecross. Have it linked to lower time frame confirmations so that you can have a stop-reverse system.
Thanks BluePearl.

The reason I do not do this is that a recross on a daily system by definition means the lower tf's have moved the triggers back in the 'wrong' direction.

That is how I understand it. My understanding can be hazy at best sometimes. I am not dismissing your suggestion.

Thinking aloud here. It seems to me that the lower tf's will lead the D1 triggers. Therefore, by the time the D1 shows a recross, then the lower tf's have already been leading for some time.

Equally, about the time the D1 recrosses, the lower tf's might already be starting to recover, which is where the CloseDcTradesOnRecrossPoints setting comes in. If the recross fails to reach the point chosen by the user (default 10 points), then the lower tf's have turned back and the CloseDcTradesOnRecrossPoints setting has done its job.

So, I think we have already arrived at what you are suggesting, but by a different route. Please contradict me if this is wrong.

Cheers

  • #3,228
  • Feb 3, 2009 3:36pm Feb 3, 2009 3:36pm
Quoting pipbuilder
Step 1 Read the manual.
Step 2 Read the whole thread.
Step 3 If you still have problems, see step 1
Thanks pipbuilder. I feel a bit ratbaggy saying this to contributors, but it is the reason I wrote and continue to add to, the manual.

It is comforting to see long-term contributors referring others to the manual.

  • #3,229
  • Feb 3, 2009 4:01pm Feb 3, 2009 4:01pm
Eddie has asked for my DC set file. The easiest way to get it to him is to post it here; everyone else can have it as well.

This setfile does not constitute a recommendation. It might change completely tomorrow. It is what I am using now.

Attached File(s)
File Type: zip daily cross.zip   2 KB | 684 downloads
  • #3,230
  • Feb 3, 2009 4:22pm Feb 3, 2009 4:22pm
Cheers Steve

Eddie
  • #3,231
  • Edited 1:09am Feb 4, 2009 1:00am | Edited 1:09am
Quoting pipbuilder
Step 1 Read the manual.
Step 2 Read the whole thread.
Step 3 If you still have problems, see step 1

You think, just because I am a Lady, I am stupid?

Guess what: I read the manual. Many times. I read a great part of the thread. Still havin the problem that the KG RS wonīt work on Alpari....and yes, I have the Alpari-Version installed and running...

I removed the "m"-suffix, I multiplied the pip-values by 10, I have one TRading-Method running...

I would not ask in here, if I had find the solution in the manual or in the thread....does it hurt you to tell me, what could be a possible problem? Stupid comments never helped anybody.

Thanks for being so nice....and helpful.
  • #3,232
  • Feb 4, 2009 2:31am Feb 4, 2009 2:31am
Quoting 4rexLady_de
You think, just because I am a Lady, I am stupid?
So you assume I am a man?

Quoting 4rexLady_de
Guess what: I read the manual. Many times. I read a great part of the thread. Still havin the problem that the KG RS wonīt work on Alpari....and yes, I have the Alpari-Version installed and running...
It will and does work on alpari. The answer is in this thread... so... rather than read a "Great part of the thread"... read the whole thing as I suggested.

Quoting 4rexLady_de
I removed the "m"-suffix, I multiplied the pip-values by 10, I have one TRading-Method running...
Excellent.
Quoting 4rexLady_de
...does it hurt you to tell me, what could be a possible problem?
Questions that have been asked and answered over and over pollute the thread.

I'll give you a tip so I don't appear to be unhelpful or rude. Do a search in this thread for the error If you don't find it do as Steve suggests and post your set file, screenshots etc.
Chance favors the prepared mind...
  • #3,233
  • Feb 4, 2009 4:36am Feb 4, 2009 4:36am
Steve,

I think you have write a fantastic ea. What Eddie wrote yesterday about the lost for DC method.. it was true. But, I managed to reduce the lost yesterday by 39 pips only.

Currently, I'm testing V5 version in 2 IBFX platform. One I set at TP=50 pips while the other one set at JS=21 pips (the ea set attached) and I found that the method with small JS is safe and produce around 100 pips/daily. As at now for today, I collected 129 pips with clear trades at the moment, while the platform with TP=50, still trade with DD=-$14 and 6 trades.

Anyway, thank you....very..very much.

Cheers

Sahars

P/S : I just found 1 EA which give nice pips a day...but do not know how to read it the code. Let me know if you interested..I'll PM it to you with the source code...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kg relative strength at js=21.gif Size: 54 KB
Click to Enlarge Name: kg relative strength at tp=50.gif Size: 61 KB
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
Attached File(s)
File Type: zip daily cross safe method.zip   2 KB | 677 downloads
  • #3,234
  • Feb 4, 2009 4:55am Feb 4, 2009 4:55am
Quoting pipbuilder
So you assume I am a man?



It will and does work on alpari. The answer is in this thread... so... rather than read a "Great part of the thread"... read the whole thing as I suggested.



Excellent.


Questions that have been asked and answered over and over pollute the thread.

I'll give you a tip so I don't appear to be unhelpful or rude. Do a search in this thread for the error If you don't find it do as Steve suggests and post your set file, screenshots etc.

Well, thx anyway....

I donīt see much sense in reading the thread from the beginning over and over since there are just the first steps of this EA...it wasnīt even an EA yet but a trading method.

I sure understand, that the thread might become polluted yet it is the place where people come for help. You could have simply pm'ed me and give me helpful hints.

I also understand that it is annoying to answer to people who donīt do the homework and donīt have a clue even about the MT4 and so forth...

But I wonīt ask here before I didnīt try everything to figure it out myself - which you canīt know, of course.

Well...seems not to be the nicest place to be in here....sadly.

Good luck to you.
  • #3,235
  • Feb 4, 2009 7:02am Feb 4, 2009 7:02am
Here is a new version for you to play with, inspired by mrpipster wanting immediate notification of a DC cross.

I noticed that triggers crossing rarely retraced quickly and re-crossed. It does happen, just not all that often, so we are tending to get in on trades late. V7 has a new input. From the user guide:

 

  1. ImmediateEntryOnCross: take care with this setting, as it makes the EA look to send a trade immediately it detects a cross, without waiting the extra candle for confirmation. Use some of the other DC filters in conjunction with this trading method – lower tf's, Stochastic, minimum gap etc. This is not standard KG DC trading. There is a set file sent with the zip that will get you started – 'dc instant.set'.

Have a play with the settings and see what you think.

Download the new version if you trade DC, even if you do not want the new feature. Although I intended this method to obey your maximum trades allowed setting, I forgot to add the code that enforced this. The new version includes this code.

Attached File(s)
File Type: zip KG Relative Strength EA V7.zip   581 KB | 1,169 downloads
  • #3,236
  • Feb 4, 2009 7:07am Feb 4, 2009 7:07am
Quoting sahars
Steve,

I think you have write a fantastic ea. What Eddie wrote yesterday about the lost for DC method.. it was true. But, I managed to reduce the lost yesterday by 39 pips only.

Currently, I'm testing V5 version in 2 IBFX platform. One I set at TP=50 pips while the other one set at JS=21 pips (the ea set attached) and I found that the method with small JS is safe and produce around 100 pips/daily. As at now for today, I collected 129 pips with clear trades at the moment, while the platform with TP=50, still trade with DD=-$14 and 6 trades.

Anyway,...
Great to see posters coming up with successful methods. Thanks for uploading the set file.

And yes, I would love to see the other EA.

Cheers

  • #3,237
  • Feb 4, 2009 7:46am Feb 4, 2009 7:46am
Quoting sahars
Steve,

Currently, I'm testing V5 version in 2 IBFX platform. One I set at TP=50 pips while the other one set at JS=21 pips (the ea set attached) and I found that the method with small JS is safe and produce around 100 pips/daily. As at now for today, I collected 129 pips with clear trades at the moment, while the platform with TP=50, still trade with DD=-$14 and 6 trades.
I have just set up a demo dedicated to your setfile. Cheers.

  • #3,238
  • Feb 4, 2009 7:55am Feb 4, 2009 7:55am
Quoting SteveHopwood
Great to see posters coming up with successful methods. Thanks for uploading the set file.

And yes, I would love to see the other EA.

Cheers

Steve,

I just PM to you. Pls have look.

Cheers
  • #3,239
  • Feb 4, 2009 8:11am Feb 4, 2009 8:11am
problems with the timezone filter. like right now, its 9pm 14:00 ibfx time. time filter is set. clearly we're over an hour into new york session and 'new york session start 13:00' is set, but currently only london session open not trading is showing. it doesn't seem to be setting the times correctly. anyone else having problems?
like, asia session is set to start at 22:00 but even at 23:00 it doens't stop tryign to trade asian triggers.
  • #3,240
  • Feb 4, 2009 8:48am Feb 4, 2009 8:48am
Quoting RaverStyleTim2
problems with the timezone filter. like right now, its 9pm 14:00 ibfx time. time filter is set. clearly we're over an hour into new york session and 'new york session start 13:00' is set, but currently only london session open not trading is showing. it doesn't seem to be setting the times correctly. anyone else having problems?
like, asia session is set to start at 22:00 but even at 23:00 it doens't stop tryign to trade asian triggers.
Steve posted earlier that the EA runs on your Local computer time , not server time.
I do believe that is correct.
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