Kang Gun Relative Strength trading - the EA's

IMPORTANT NOTICE

23rd March, 2010.

Today, I implemented a decision I have been moving towards for a few weeks. I closed all my Range trades and took the robot off my live account.

The Range robot has been brilliant. I am left with an account that is double its value the last time I funded it. It has been as high as triple its starting value.

Sadly, the increasing length that baskets have remained open without becoming profitable appears to show that this trading method is no longer viable. Two of the baskets I closed tonight were opened 4 months ago; even had they hit the basket tp, swap would still have been a bigger loss than the profit from the trades.

Newcomers here can still learn a lot from reading the thread. Just do not expect to emerge from this reading with a tradable robot.

I shall be doing no further development on the robots available here.

Relative strength trading is still alive and well, albeit in a different form. Please visit the scooby-doo thread at http://www.forexfactory.com/showthre...85#post3199485 to find out about this.

Trading newbies may find themselves bewildered by the scoobs thread; there is much that is brilliant to be gained from the Boris Schlossberg-inspired trading robots at http://www.forexfactory.com/showthre...17#post3380217.

Both of these threads contain robots that contributors are trading live.

I am effectively closing this thread, by making posting open only to those traders with a ridiculous number of vouchers. If anyone wants it reopening in order to continue the discussion then please pm me. I will reopen the thread with pleasure; just do not expect me to get involved.

My thanks to all those who contributed usefully to this thread. I learned much from it. Good luck to you all.



______________________________________________________________________________________________________

This thread follows on from Kang Gun's Relative Strength Basket Trading System at http://www.forexfactory.com/showthread.php?t=123284. New readers please visit this thread and read it through attentively. It is a long read, and probably a hard one; absorbing what is there will be to your long-term benefit.

I say these things to new readers:

1. Do not try to use the EA's posted here until you have learned the underlying systems from KG's thread, and have traded them manually. These are not 'EA for dummies' robots. Follow these steps:
   1. Read sundog's summary of the trading methods attached as 'KG Relative Strength trading methods - a brief summary.pdf'. This will give you a sketchy understanding of what is going on when you start to read the thread. Bear in mind that sundog wrote the doc early on in the development of this thread. It proved subsequently that KG Range trading has the most legs, and is the source of my an others' trading success.
   2. Read this post at http://www.forexfactory.com/showpost...postcount=1210. It highlights how useful it is to devote the time to studying the threads.
   3. Follow the link above to KG's original thread and read it. Take your time; development of this EA continues and will do so for some time. It is not going away. When reading the thread, pay particular to pictures of charts; these are particularly useful. You will quickly learn who makes the most useful contributions and be able to filter out the 'noise' that inevitably litters such threads.
   4. As you come to understand each method, trade it manually as well as setting up the relevant EA. You will come to understand how the EA's work so much more easily than if you try to use them straight away.

2. Do not ask me questions the answers to which are to be found either in KG's thread or the EA user guides. I shall ignore them.

THESE ROBOTS WILL KILL YOUR ACCOUNT QUICKER THAN YOU CAN BLINK IF YOU DO NOT KNOW WHAT YOU ARE DOING. GO AWAY NOW, AND DO NOT RETURN IF YOU ARE NOT PREPARED FOR A LOT OF PATIENT HARD WORK.

Ignore everything I have just written if you want; you will be sorry.




The 'Unknown subwindow' error
Users of these systems have two equally unpalatable alternatives:

 

1. You can drag the required indicator onto your chart. The indi is a resource hog and your computer will sometimes slow to a crawl if you have it on a chart.
2. You can leave your chart without the indi. This will result in your Experts tab filling with this blasted 'Unknown subwindow' error. This is an indi thingy; there is nothing I can do about it; it doesn't affect the running of the robots. Mention it here and I will blast your contribution to ribbons and ban you from further postings in any of my threads. It has been mentioned about 30 times by people too dim to do the reading that would both have shown them that it has been encountered before and been explained. Again and again and again. Forget it, ok?

____________________________________________________________
I have deleted a lot of what I posted from Nov 2008, for readability. Sorry if this makes some of the thread appear slightly strange.

Updates:

19th Nov 2009
Range bot V3 now has the basket take profit calculated by the formula BaseLot * TpMultiplicationFactor. I don't have time to update the user guide with the latest changes. Those of you unsure what all this means, start reading scooby-doo's postings from here:
http://www.forexfactory.com/showpost...&postcount=927
All will be explained.

8th Dec 2009
I have added code to limit the number of attempts the robot will make to complete a part-failed basket.

Well Done Steve..!!

Thanks

Sahars

I'm here Steve, already bookmarks this thread and ready for rock'n roll

KG

Great initiative Steve. Thanks.

FerruFx

Great job Steve. Thanks.

Misterpipster

Checking in here. Hello to the regulars and welcome to the new people.

Checking in ...(tap.tap.tap) does this mic work?

Sorry, Taazman posted re Matrixebiz's EA, and SL.

Im not using them and yes the DD can be very scary. Money Mangement is up to you of course, but i've found that in the past month they've always come back and hit the target.

What I am doing now, if I have a couple of open trades going the wrong way, I stop the EA from trading until the open trades are closed. May take a day or so.

Hope this helps.

Steve,

The EA had an alert for AUDNZD, but after waiting for sometimes, the EA still not execute the order. Why...ah..!!?

sahars.

Thanks for the reply sundog.
Here is the snapshot of what my account looks like right now. I just wanted to be sure this was typical of this method. It's building up profit while it sits at this open loss, as the account was started sunday night with 5000. Obviously if I closed it all down right now I would lose money, so i'll let it go and see what happens.
Does it get this bad on the 4hr timeframe?

Tazmaan,

First you have to open a demo account with the amount of money that you will start when opening real account. 2nd, put a lot propotion to your equity i.e. if your equity is $100.. the lots shall be 0.01 (IBFX) or 0.001(for others). If $1000, the lots shall be 0.1 (IBFX) or 0.01(others).

3rd, the EA is recommended start it on Monday on Asian session. Normally, within 1 week the EA will produce high pips and as well as DD. In my case the maximum DD that I faced is around -$35 (1000 pips with 0.03 lots) and after that the DD up and down. On that time your profit normally is exceeding your DD. Just let it run, and soon or later the lost will be reduced and you'll gain.

As Sundog mentioned, money management is playing a big roll in this type of trade.

Cheers

Sahars.

Im relieved to see its a demo account

The beauty of the EA, is that it sets its TP, so it doesn't have to monitored or run. The beast can be the drawn downs.

Worst I've seen is 450 pips, as to the 4hr TF I dont have that much experience as yet, I've only put it on this week.

Ciao

Thanks alot for the feedback guys, I'll just let it keep running and see how we end up
Looks like it's sitting at over -3000 pips in DD so maybe it's beyond salvaging. We'll see what happens.

can you please post the event and journal tab for the time that the alert was triggered. it would be more bennificial to indicate why the trade wasnt executed.

Dracozny,

Here is the alert even.

Thanks

sahars

The problem is your lot size is way to high. Steve recommended .01 nanolots to each $100 in the account. You are running .10 standard lots (1) mini lot in a $5,000 account. That is twice the recommended level. Therefore drawdown is twice what it should be.

is anyone ever get this kind of error msg?

what does this mean?

http://i44.tinypic.com/33dh40m.jpg

thks

i get it often, usually at the beginning of the week, i believe the error is due to trying to open a trade with that price value, "dont quote me on that though"

Thanks Toyo,
I understand the amount of DD is high compared to what I have in the account. I just wanted to get a feel whether this amount of DD was typical with this ea, or if it was completely unusual. The dollar amount of the DD didn't bother me (as this I knew was an over traded demo), but the # of pips in DD right now was what I was concerned with. Obviously the number of pips has no affect on whether I am trading too high of a lot size?
When it's typical that a 1000 pip DD is normal, and I am sitting at well over 3000 pips in DD, made me wonder.

I see what you are saying now. My account is also in heavy drawdown pip wise too. The first week I ran the dc cross ea my account was in profit right away and did over 1,000 pips the first week. Last week it was consistently losing pips until the last two days and it wound up making the losses back plus a small profit. This week it has been giving it all back again and the account is slightly above what I started with.