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Kang Gun Relative Strength trading - the EA's

  • #181
  • Feb 27, 2009 7:44pm Feb 27, 2009 7:44pm
Quoting sahars
Hi Vince,

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

Cheers

sahars
Hello Sahars,

Could you email me your set up for Steve's V1.7 version? I would really appreciate it. I will PM you with my email address. Thanks.

Misterpipster
  • #182
  • Feb 27, 2009 8:07pm Feb 27, 2009 8:07pm
Quoting maxdd
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...
I only just started testing with the new methods (sahars) and it seems to work very well. I used a ts of +15 and in just under 2 hours closed trades at + 361 pips with open trades (forgot it was Friday) at -215 for a net of +146.

I forgot it was Friday so who knows what the gap will do come Sunday. It does seem to work much better than the older versions.

One other thing I didn't realize... I had the chart set to m1.
Not sure if this helped or hurt but it was going nutty opening trade after trade lol. What are most people trading off tf wise?

Next week I'm going to adjust the max sl setting to a much lower # to see how that works. I'll also optimize the ts and tp settings as closely to how I trade myself.

I'll post the results and what I did as we go.

I hope Steve will add that one additional trend filter I requested, I think that might help filter out some of the bad ones.
The trend always ends.
  • #183
  • Feb 28, 2009 4:30am Feb 28, 2009 4:30am
Quoting ShamusFamous
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.
It is worth considering, for sure.

How do you decide which way the trend is going?

  • #184
  • Feb 28, 2009 4:33am Feb 28, 2009 4:33am
Quoting maxdd
- I'm having a dilemma over the SL settings....
There is a minimum stop loss setting that defaults at 200. How the stop is calculated and the reason for the minimum setting, are both described in the user guide.

  • #185
  • Feb 28, 2009 5:03pm Feb 28, 2009 5:03pm
Quoting SteveHopwood
There is a minimum stop loss setting that defaults at 200. How the stop is calculated and the reason for the minimum setting, are both described in the user guide.

I know whats in the user guide. Perhaps "dilemma" was too strong a word. I thought we were in the trialling phase of development. I wanted to open an issue for discussion. This issue was based on my experience of trialling. I would be interested to hear your opinion on the issue I brought up - when you have time
  • #186
  • Feb 28, 2009 5:10pm Feb 28, 2009 5:10pm
Quoting maxdd
I know whats in the user guide. Perhaps "dilemma" was too strong a word. I thought we were in the trialling phase of development. I wanted to open an issue for discussion. This issue was based on my experience of trialling. I would be interested to hear your opinion on the issue I brought up - when you have time
I am sorry. I must have misunderstood your post.

I have re-read it and still do not understand it. My apologies.

  • #187
  • Feb 28, 2009 6:33pm Feb 28, 2009 6:33pm
Quoting SteveHopwood
I am sorry. I must have misunderstood your post.

I have re-read it and still do not understand it. My apologies.

Steve, please no need to apologise - we are indebted to you for all the work you've done on this EA - and I obviously was unclear in my thoughts

My question was:

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?

I'm trialling with:
- A SL of 200
- A JSL of 51
- A BEP of 35
- No set TP

Hoping to go with the flow of the market.

I'm interested in the philosophy of this approach.

My understanding is that when the price gets to the JSL level that the BEP level is set. Then if the price keeps going then the jump is (sl + (JSx2)). So thats the mechanics of it.

So that when we have a sideways market - we lock in some profit using the BEP. If the market keeps going - forms a trend - then hopefully we'll gather some more pips by jumping the sl. But of course, the downside is that we'll get stopped out with a relatively moderate retracement. Hey, we can't have everything!

This is all new to me. I've traditionally traded daily systems with a large sl and a large tp - so we're operating outside of the market "noise".

I guess this is something we will only find out over time as we gain in knowledge of the system. But in the time you've been trialling, have you formed an opinion on the scale of the tp versus the sl?

For example, do you believe the numbers I'm using for BEP and JSL are too small - relative to using a SL level of 200?

Appreciate any insight you may be able to share

Cheers
  • #188
  • Feb 28, 2009 8:30pm Feb 28, 2009 8:30pm
awesome work steve, thanks so much for the work you've put in on this, i'll start testing this week as well

Mike
  • #189
  • Feb 28, 2009 9:47pm Feb 28, 2009 9:47pm
Quoting SteveHopwood
It is worth considering, for sure.

How do you decide which way the trend is going?

on the d1 chart the bar is for the day so if up from previous bar trend is up and vice versa for trend down.
The trend always ends.
  • #190
  • Feb 28, 2009 11:58pm Feb 28, 2009 11:58pm
For example, do you believe the numbers I'm using for BEP and JSL are too small - relative to using a SL level of 200?

Appreciate any insight you may be able to share

Cheers[/quote]

Hi Maxdd,

Steve, do you mind if answer this..?!. Thanks...

The main problematic in forex is greedy...!!Believe or not, this is one of the factor of losings in the trade. In principle, in order to win the forex trading, we need have a huge amount of money to trade and without stoploss..!!.But traders like us, we do not have that...! Forex like a wheel..everything goes up must goes down eventually..but when..?!.

For this EA, we actually do not need the SL. But, with the limitation of equity and to reduce the DD, the SL have to be in placed in order for avoiding of call margin. You don't believe me if I say that there is an EA had putting the StopLoss at 50% of their magin, means that they are willing to loss up to 50% of the equity if trade against them. But for this EA and at 0.01 lots for every USD100, at 200 pips SL actually is equivalent to $2 (equivalent to only 2%).

By putting small AddBEP and JS, we actually want to secure all of our trade with maximize the gain and minimize the loss.Win a little still better than a loss..!! If you understand how this EA behave (that's why we require a forward test..to identify the EA behaviuor..), the AddBEP=15 and JS=21, is the most stable and safest setup at Daily chart (For old version). With additonal function of partially close,this EA will work fantasticly..!!. One thing for sure on my observation at 4HTF, the 200 pips SL will be never be reached if the trade against you. Most likely the trade will be closed by CounterCrossTrade.

I got quiz here..and need some answer...!? If you are a crawling baby (small equity)..., which stairs is the most safe for you to climb..?!. a). Stairs with small step and at low slope..or b). Stairs with bigger step and higher slope. For adult (huge equity), the answer shall be ...You should know the answer..!!

Guys...Pls do a forward test and you will undesrstand..how this EA behave...!! It's is good if we could have the SL:TP ratio is 1:2, but not for this EA. In fact,if you want to gain more, just leave it the SL=0 (no SL), but you'll find the huge DD (Pls read old threads...and currently we are at the stage of minimizing the DD..). Whoever tested the KG RS ALL 1.2b, they should know the answer.. The EA is profitable, but it draw huge DD.

Cheers..and happy pipping.

sahars.
  • #191
  • Mar 1, 2009 2:25am Mar 1, 2009 2:25am
Hi Sahars,

Thanks for your reply. I'll have a think about your comments and I'll add your suggested parameters for the daily trading for the upcoming week forward test.

I may test:

- AddBEP=15 and JS=21
- AddBEP=35 and JS=51; and
- AddBEP=15 and JS=95

With the daily trading, here are some of my observations:

- The 200 SL has been hit - every week i've forward tested
- I don't believe you can trade without the SL. Just my own opinion - but backed up by quite a bit of experience grid trading. But your point that the countercrosstrade close would limit these losses is noted.
- I believe this is a profitable ea - and it sure is fun exploring the various ways we can trade it. Kudo's to Steve for coding in all these various ways of managing the trade! Even if sometimes I find it difficult to choose between the many different options!

Thanks again for your input

Cheers
  • #192
  • Mar 1, 2009 2:58am Mar 1, 2009 2:58am
Quoting ShamusFamous
on the d1 chart the bar is for the day so if up from previous bar trend is up and vice versa for trend down.
In that case, the filter you want is already there if you are trading the Daily chart - the whole point of the Daily Cross system.

Sahars has found a way of trading the EA off the 4H chart, maximising his profits with some clever management settings. This is not the idea behind the EA, but if it turns out to be successful we will all be happy. In this case, the extra filter probably is not necessary, but I will keep it in mind, as adding it would be easy.

  • #193
  • Mar 1, 2009 3:41am Mar 1, 2009 3:41am
Quoting SteveHopwood
In that case, the filter you want is already there if you are trading the Daily chart - the whole point of the Daily Cross system.

Sahars has found a way of trading the EA off the 4H chart, maximising his profits with some clever management settings. This is not the idea behind the EA, but if it turns out to be successful we will all be happy. In this case, the extra filter probably is not necessary, but I will keep it in mind, as adding it would be easy.

Thanks for the response Steve. I am however not trading the daily chart. In making a mistake and setting it on a much lower tf (m1 lol) I found it did fairly well with the newest version.

The only trades it appear did not work out were against the trend as is usually the case so I think some sort of trend checking filter could be a nice addition.
The trend always ends.
  • #194
  • Mar 1, 2009 4:13am Mar 1, 2009 4:13am
Quoting ShamusFamous
Thanks for the response Steve. I am however not trading the daily chart. In making a mistake and setting it on a much lower tf (m1 lol) I found it did fairly well with the newest version.

The only trades it appear did not work out were against the trend as is usually the case so I think some sort of trend checking filter could be a nice addition.
Hi ShamusFamous,

It's good if we can have a team to testing it at various time frame. Say..you testing it at 1M and 5M TF, others may testing it at 15M and 30M, and I'll testing it at 1H and 4H TF. We post the result everyday in this thread... not because for the competition who is the best,but just to find out which time frame is the safest and the most profitable. The best guideline to identify the safest trade is by looking at the trade that opened and closed at the same day if possibble with the minimum DD. My suggestion, the lower of the time frame, the lower of the AddBEP and the Jumping stop should be..

Friends,..sometimes we find something by mistakenly...not intentionally...!! My conclusion, this EA might works for lower time frame but for what TF..?! Only by forward test we can find it out...!!

So..is there anybody willingly to do a forward test for this Ea..?!. The setting we can discuss in this forum...

Cheers

Sahars
  • #195
  • Mar 1, 2009 4:41am Mar 1, 2009 4:41am
Quoting ShamusFamous
Thanks for the response Steve. I am however not trading the daily chart. In making a mistake and setting it on a much lower tf (m1 lol) I found it did fairly well with the newest version.

The only trades it appear did not work out were against the trend as is usually the case so I think some sort of trend checking filter could be a nice addition.
Ok, how do you fancy the filter being set up? Would you like:

  1. (Today higher than yesterday) & (yesterday closed higher than previous day close) = rising trend, vice versa for falling?
  2. How about a D1 MACD, where 3,4,or 5 consecutive bars are >0 for a rising trend and <0 for a falling one?

Or a different way of doing this?

Just say; coding it is not a problem.

  • #196
  • Mar 1, 2009 4:45am Mar 1, 2009 4:45am
Quoting sahars
So..is there anybody willingly to do a forward test for this Ea..?!. The setting we can discuss in this forum...

Cheers

Sahars
Sahars, I have no organisational skills whatsoever, and zero eye for detail. I know from experience that you have these in Spades.

Would you like to draw up a table of tf's and possible strategies for us to test, then we can say, "I will test this one"?

  • #197
  • Mar 1, 2009 7:30am Mar 1, 2009 7:30am
Quoting SteveHopwood
Ok, how do you fancy the filter being set up? Would you like:

  1. (Today higher than yesterday) & (yesterday closed higher than previous day close) = rising trend, vice versa for falling?
  2. How about a D1 MACD, where 3,4,or 5 consecutive bars are >0 for a rising trend and <0 for a falling one?

Or a different way of doing this?

Just say; coding it is not a problem.

I'm not really sure what the best method would be for this system but on my own systems I just check the d1 candle.

If it's blue (going up) I take the long signals.

If it's red (going down) I take the short signals.

If it's unchanged... I wait.

I check it (d1 candle) each time I get a signal.

This has helped me to stay out of many losing trades with my own systems so I think it could help with this one and should be easy enough to implement and test.

PS Great job on this monster! The new version is really good and I love the stop order system. It really seems to make a difference.
The trend always ends.
  • #198
  • Mar 1, 2009 8:48am Mar 1, 2009 8:48am
Hi guys. Sorry for offtop & english - it's not my home language. Could you tell me where can i find mq4 file of indicator KG RS GROUP V1.1. I use it in my trading, and i'd like to make some changes to make trading using it more comfortable.
Or if this indicator is for sell, how much is it?
  • #199
  • Mar 1, 2009 8:53am Mar 1, 2009 8:53am
Quoting STill_ace
Hi guys. Sorry for offtop & english - it's not my home language. Could you tell me where can i find mq4 file of indicator KG RS GROUP V1.1. I use it in my trading, and i'd like to make some changes to make trading using it more comfortable.
Or if this indicator is for sell, how much is it?

when you download the zip files from 1st post you will find all you need inside mate, in indicators zip as far as i remember.

so download from post #1 the daily cross method v1.7.

Max
  • #200
  • Mar 1, 2009 12:12pm Mar 1, 2009 12:12pm
zip "the daily cross method v1.7" contains "KG RS GROUP V1.1.ex4" file,
i need "KG RS GROUP V1.1.mq4" to have possibility to change code
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