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Kang Gun Relative Strength trading - the EA's

  • #161
  • Feb 25, 2009 1:34pm Feb 25, 2009 1:34pm
-- stevehopwood--

Actually am just trying to get a feel for the EA again---just have a question--am using the Apari 5 digit platform.

Do i need to make any necessary adjustment in settings other than the change in my max spread allowed which i changed to 300--to make up for the 5 digit change--( am now getting 25pips--100pips spreads--crazy-)

hope i don't need to change the sahar settings too?

thats what i was really trying to figure out//

Thanks..
  • #162
  • Feb 25, 2009 4:30pm Feb 25, 2009 4:30pm
Quoting taomql4
-- stevehopwood--

Actually am just trying to get a feel for the EA again---just have a question--am using the Apari 5 digit platform.

Do i need to make any necessary adjustment in settings other than the change in my max spread allowed which i changed to 300--to make up for the 5 digit change--( am now getting 25pips--100pips spreads--crazy-)

hope i don't need to change the sahar settings too?

thats what i was really trying to figure out//

Thanks..
All I do with the Alpari version is compile it under an Alpari demo and remove the 'm' pair suffix. What happens after that, I have no idea.

Play around with the EA and see.

  • #163
  • Feb 25, 2009 4:33pm Feb 25, 2009 4:33pm
V1.7 will be out soon. I have figured out how to make the pending order trail the market when the Stochastic filter initially rejects the trade.

Dong this is actually very simple - I just needed a bath to work it out. Should be up in time for next week.

  • #164
  • Feb 25, 2009 5:32pm Feb 25, 2009 5:32pm
Quoting SteveHopwood
V1.7 will be out soon. I have figured out how to make the pending order trail the market when the Stochastic filter initially rejects the trade.

Dong this is actually very simple - I just needed a bath to work it out. Should be up in time for next week.

Cannot wait for the version V1.7...

Cheers

sahars
  • #165
  • Feb 26, 2009 3:07am Feb 26, 2009 3:07am
Quoting SteveHopwood
V1.7 will be out soon. I have figured out how to make the pending order trail the market when the Stochastic filter initially rejects the trade.

Dong this is actually very simple - I just needed a bath to work it out. Should be up in time for next week.

can somebody help me with an example bout this function? i cannot figure it out since not very good at english..

thks,
Max
  • #166
  • Feb 26, 2009 7:54am Feb 26, 2009 7:54am
The disadvantage of using the Stochastic filter should be pretty obvious. For example, in the case of a potential Buy trade, if the EA sends the pending trade as soon as the price leaves the overbought area, it is sending a trade at the point at which the market has begun a retrace. Either: the trade will eventually fill when the market rises again, possibly after quite a long retrace; or the expiry time will run out and the order will be deleted.

V1.7 attempts to combat this by trailing the market price in jumps of SaharsPendingDistancePips - defaults to 10. So, in the case of a potential Buy trade:

  1. All the validation filters are in place but Stochastic is overbought.
  2. The EA waits until Stoch falls below the overbought level and places a pending buy.
  3. The market continues to retrace. Every 10 pips, the EA deletes the existing pending trade and opens a fresh one, 10 pips above the market price.

If you want to see this in action quickly, then put V1.7 on a 15m chart and set the other inputs accordingly.

There is a potential problem in that any combination of the usual suspects could cause either the old order close and or the new trade to fail to open. In this case, I can code the EA to modify the existing trade rather than close/open, but this is more complicated to code and I am trying to get away with as little work as possible.

Have fun. There is the potential for this update to have a hugely beneficial effect on our drawdowns. It is going on my live account straight away.

  • #167
  • Feb 26, 2009 9:54am Feb 26, 2009 9:54am
Thanks Steve, and for the explanation the other day
  • #168
  • Feb 26, 2009 5:29pm Feb 26, 2009 5:29pm
Quoting SteveHopwood
The disadvantage of using the Stochastic filter should be pretty obvious. For example, in the case of a potential Buy trade, if the EA sends the pending trade as soon as the price leaves the overbought area, it is sending a trade at the point at which the market has begun a retrace. Either: the trade will eventually fill when the market rises again, possibly after quite a long retrace; or the expiry time will run out and the order will be deleted.

V1.7 attempts to combat this by trailing the market price in jumps of SaharsPendingDistancePips -...
Thanks Steve for the latest version...I'll try it immediately.

Cheers

sahars
  • #169
  • Feb 26, 2009 6:38pm Feb 26, 2009 6:38pm
Thanks Steve for the new version, I have it running now.
Have a great evening!
Vince
  • #170
  • Feb 26, 2009 6:50pm Feb 26, 2009 6:50pm
You are welcome, guys.

The latest version has taken out a couple of live trades, so its working is confirmed on IBFX, at least.

  • #171
  • Feb 26, 2009 9:48pm Feb 26, 2009 9:48pm
thks a lot Steve
  • #172
  • Feb 27, 2009 3:34am Feb 27, 2009 3:34am
Quoting SteveHopwood
You are welcome, guys.

The latest version has taken out a couple of live trades, so its working is confirmed on IBFX, at least.

Hi Steve,

The V1.7 is really amazing..For today's trade, the EA already opened 9 trades and all closed with profit of almost 400 pips. Currently, only 1 trade pending with gain of $2.30. Thanks Steve for your excellent works of coding...

Anyway, we will see the result for next week.

Cheers

sahars
  • #173
  • Feb 27, 2009 4:13am Feb 27, 2009 4:13am
Quoting sahars
Hi Steve,

The V1.7 is really amazing..For today's trade, the EA already opened 9 trades and all closed with profit of almost 400 pips. Currently, only 1 trade pending with gain of $2.30. Thanks Steve for your excellent works of coding...

Anyway, we will see the result for next week.

Cheers

sahars
sahars,

Can you please share your preset files that your are using?

Thanks.

Bruce
  • #174
  • Feb 27, 2009 4:17am Feb 27, 2009 4:17am
Sahars, my ask what is your max spread? basically what are your settings?
Simply because mine has only one trade and its still open.

Cheers.
  • #175
  • Feb 27, 2009 6:10am Feb 27, 2009 6:10am
Quoting sundog
Sahars, my ask what is your max spread? basically what are your settings?
Simply because mine has only one trade and its still open.

Cheers.
Sundog,

Place the EA at 4H time frame, not on daily chart. You'll see the result...and many trades will take..

Cheers

sahars.
  • #176
  • Feb 27, 2009 6:48am Feb 27, 2009 6:48am
someone can share statment of this EA?
or back test?
  • #177
  • Feb 27, 2009 3:32pm Feb 27, 2009 3:32pm
Hello everyone, and I hope everyone has a nice weekend!
Here is a live link of my account trading this ea.All set at defaults.I was using daily on this session, but I am going to go to 4h chart starting this Sunday.Disregard trade ending in 192 for -7.99.

http://giacinto.mt4stats.com/

Have a nice weekend!
Vince
  • #178
  • Feb 27, 2009 3:44pm Feb 27, 2009 3:44pm
Quoting letizia
Hello everyone, and I hope everyone has a nice weekend!
Here is a live link of my account trading this ea.All set at defaults.I was using daily on this session, but I am going to go to 4h chart starting this Sunday.Disregard trade ending in 192 for -7.99.

http://giacinto.mt4stats.com/

Have a nice weekend!
Vince
Hi Vince,

Pls. PM to me your email address. I'll show you the right setup for this EA.

Cheers

sahars
  • #179
  • Feb 27, 2009 6:48pm Feb 27, 2009 6:48pm
Steve the newest version works awesome but I wonder if you can add one last filter. Basically a trend based filter so if d1 bar is up only take longs, if down only take shorts. I typically only take trades with the trend and this ea may benefit from that type of filtering.

Kudos.
The trend always ends.
  • #180
  • Feb 27, 2009 7:37pm Feb 27, 2009 7:37pm
I'm testing DC V1.4 KGMethod daily on three different brokers:
- FxOpen - Weekly result -7%
- FXDD - Weekly result -2%
- MIG - Weekly result -5% (stoch turned off)

Another change this week was an adjustment to BEP to 0 while leaving JSL at 51. With the aim of simplifying the JSL functionality.

Discussion:
- Generally sideways market for the week
- Quite different trades occuring in each broker. Even between FxOpen and MIG (which both have the full complement of pairs)
- Trade breakdown was typically 20% Loss, 15% Win and 65% BE
- Clearly changing BEP to 0 was a mistake. If this had been left at say 35 this would have changed results to approx BE for the week
- Stoch didn't seem to have much effect
- I'm having a dilemma over the SL settings. We're trading a daily method with a SL of 200 - to escape the market "noise". But our JSL/BEP is right in the midst of the noise! Ok, so a resolution may be that we are range trading while the market is going sideways and then if there is a trend the JSL/BEP settings should be wide enough to keep us in the trend. Does this make sense?
- If that makes sense then it could be worth having the JSL a funtion of ATR. Steve, I think the current ATR is only for the AutoCalculateTakeProfit? What are your thoughts on a JSL a function of ATR - to try to stay out of the noise?

As for what to test next week - maybe I should have a look at the SaharsMethod - hmmm a bit more thinking is needed!!

Cheers
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