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Kang Gun Relative Strength trading - the EA's

  • #861
  • Oct 21, 2009 5:59am Oct 21, 2009 5:59am
Quoting Ervichov
WOW ... I got home work for a week catching up with this thread, Steve you are the man!

I just loaded Range trading EA, looked over settings and wrote out about 20 questions on the paper this way I keep track of them as i read back through the thread. I will ask if I get stuck.

Btw some of the links in your pdf are no longer valid, but its allright good think forums have a search function lol

|Respect.
Welcome Evichov.

The easiest way in is to start a demo, pop the Range trader onto a GY chart, leave the max trades and basket settings alone and adjust your auto-calculating lot sizes accordingly.

If the demo is 1 pip = 1 cent, open with $1000 (you can open with $100, but the bigger one is more fun) and set the robot to send 0.01 lots per $100.

If the demo is 1 pip = 10 cents, open with $10,000 (you can open with $1000, but the bigger one is more fun) and set the robot to send 0.01 lots per $1000.

Sit back and watch what happens for a few days to get a feel for how the robot does its thing.

  • #862
  • Oct 21, 2009 10:30am Oct 21, 2009 10:30am
Quoting SteveHopwood
Welcome Evichov.

The easiest way in is to start a demo, pop the Range trader onto a GY chart, leave the max trades and basket settings alone and adjust your auto-calculating lot sizes accordingly.

If the demo is 1 pip = 1 cent, open with $1000 (you can open with $100, but the bigger one is more fun) and set the robot to send 0.01 lots per $100.

If the demo is 1 pip = 10 cents, open with $10,000 (you can open with $1000, but the bigger one is more fun) and set the robot to send 0.01 lots per $1000.

Sit back and watch what happens for...
Steve,
I have an account with forex4you (1pip= 1cent). Just yesterday I put the EA on Gj 1hr . chart with the option Robot calculates the lots. That very evening I saw that 2 baskets were open. My opening balance of 3800 was divided like this DD=1200 and Margin 2700 (approx figures). In effect DD was eating away from my margin!
Open lots in the basket were 0.38 in size. I immediately closed down all the baskets manually and reset the option to 0.1 lots.
Today morning I find that my balance has increased by 200 pips from 2600.

SO GUYS BE CAREFUL AND THINK B4 LETTING EA SET THE LOT SIZE!
It can be messy. BTW I am talking about a live a/c. So at 1c a pip 3800 pips = $38 only. But % wise the account was almost wiped away.

Vinesh

Steve, remember the question I had asked (the one you did'nt understand ) just 2 pages back? Well I got my answer the hard way.

.
  • #863
  • Oct 21, 2009 1:13pm Oct 21, 2009 1:13pm
Yes, as I have said a number of times here, an account has to be able to withstand all four baskets going 2000(0) pips each into dd.

Account leverage is also important. My Alpari UK account is in terrible trouble right now. Starting deposit £400. Balance £568. Equity at the time of writing £20. All this courtesy of a well-stuck JPY basket and several trades set by another ea I developed that has since proven to be a bad-un.

Alpari UK enforce 'variable' leverage up to 1:500. In effect, this means Alpari UK leverage is 1:500. Overtrading the account is a doddle to do.

So, watch that leverage, guys. My forex4you cent account has a 1:100 leverage, has similar trades to the Alpari but is nowhere near a margin call.

Really, really important is to demo trade the setup you intend trading live for a few weeks, to make sure the account can survive what you propose to do to it.

Then, when you go live go in even more conservatively because not all brokers offer the same conditions with their live accounts that they do with their demos. Try trading an Alpari UK account at a 1:500 leverage, for example - you can't.

  • #864
  • Oct 21, 2009 2:12pm Oct 21, 2009 2:12pm
Quoting SteveHopwood
Yes, as I have said a number of times here, an account has to be able to withstand all four baskets going 2000(0) pips each into dd.

Account leverage is also important. My Alpari UK account is in terrible trouble right now. Starting deposit £400. Balance £568. Equity at the time of writing £20. All this courtesy of a well-stuck JPY basket and several trades set by another ea I developed that has since proven to be a bad-un.

Alpari UK enforce 'variable' leverage up to 1:500. In effect, this means Alpari UK leverage is 1:500. Overtrading the...
Amen to that Steve.
  • #865
  • Edited 4:16pm Oct 21, 2009 3:57pm | Edited 4:16pm
thanks Steve,

I think i am finally starting to understand how this money managment works, i gotta say this robot is unlike any other from a user input logic.
btw i just had a positive JPY basket and my CHF basket is finally climbing out from the DD and heading in to the green.
1st day of testing = really see why you suggest people study the system before using EA.
  • #866
  • Oct 21, 2009 4:51pm Oct 21, 2009 4:51pm
Quoting Ervichov
thanks Steve,

I think i am finally starting to understand how this money managment works, i gotta say this robot is unlike any other from a user input logic.
btw i just had a positive JPY basket and my CHF basket is finally climbing out from the DD and heading in to the green.
1st day of testing = really see why you suggest people study the system before using EA.
One thing I am guilty of, because it doesn't bother me, is that drawdown is a feature of this trading method.

We all know that we are into dd immediately we take out a trade, because of the spread. Multiply this spread by, say, six trades in the basket and we have a half-way decent dd even before the market continues to move against the trades.

And when it does move against the trades, the dd deepens. Having said that, there are occasions that the basket is taken out and hits its tp within minutes. Doesn't happen often, but is nice when it does and we are watching.

Basically, dd-phobic traders will be uncomfortable with the Range system.

Not that dd-phobia is a bad thing. It is a very good thing. It simply renders this method unusable to the beneficiaries of this condition.

Here is a challenge. Spot the oddity that underlies trading the Range system and I will rustle up a warm round of applause for you. Nobody else has commented on it, so far as I can recall. It took me months to spot it, and I wrote the robot and so know what should be happening.

In the meantime, enjoy the robot. I do.

  • #867
  • Oct 22, 2009 9:08am Oct 22, 2009 9:08am
I have added a new script to post 1 - KG Range available pairs script.mq4

Drag it onto the chart you are using to trade the Range robot and the script will present you with a list of pairs available to each trigger. Any that are marked as unavailable, you want to turn their input to false.

This highlights, for example, how useless it is to have the NZD trigger set on an Alpari UK demo - only three of the pairs are available.

  • #868
  • Oct 22, 2009 10:27am Oct 22, 2009 10:27am
I am almost 90% i dd with my ibfx demo account. That is with just 2 baskets (jpy -7trades, Usd - 8trades). I am using 0.01 lots per 100 curency units. Accout went up from 1000$ to 3200$. Now i am 250 from margin call.
Steve could you change MM to get the size of a trade from equity and not from balance. In my case if EA opens another basket with 0.32 lot size i am probably finished

Another quetion Steve if you dont mind answering. What are your settigs for MM with eglobal-cent account. I just opend an account with 250€ and my balance shows 25000.00. i am not 100% sure with my settigs.

Thanks in advance

Boki
  • #869
  • Oct 25, 2009 7:56pm Oct 25, 2009 7:56pm
Quoting boki
I am almost 90% i dd with my ibfx demo account. That is with just 2 baskets (jpy -7trades, Usd - 8trades). I am using 0.01 lots per 100 curency units. Accout went up from 1000$ to 3200$. Now i am 250 from margin call.
Steve could you change MM to get the size of a trade from equity and not from balance. In my case if EA opens another basket with 0.32 lot size i am probably finished
If you don't like the lot sizes calculated by the robot, all you have to do is override them and set them manually. In the meantime, you can stop the robot opening another basket by setting MaxBasketsAllowed to 2.

I hope the demo survives. In 8 months live trading the robot, my IBFX account has not sunk below a margin level of 1,000% and has not often been below 2,000% - it is now but has 4 open baskets, all into dd. It is in my interests for your demo to survive.

Quote
Another quetion Steve if you dont mind answering. What are your settigs for MM with eglobal-cent account. I just opend an account with 250€ and my balance shows 25000.00. i am not 100% sure with my settigs.

Thanks in advance

Boki
eglobal cent accounts confuse the hell out of all of us. Well, me anyway. You have to ignore everything after the decimal point, then divide what is left by 10.

My current mm settings are irrelevant here as I am also trading a second (failing) robot on the account. Without this second robot, my lot sizes would be 0.1 per $100.

  • #870
  • Oct 25, 2009 8:47pm Oct 25, 2009 8:47pm
Quoting boki
I am almost 90% i dd with my ibfx demo account. That is with just 2 baskets (jpy -7trades, Usd - 8trades). I am using 0.01 lots per 100 curency units. Accout went up from 1000$ to 3200$. Now i am 250 from margin call.
Steve could you change MM to get the size of a trade from equity and not from balance. In my case if EA opens another basket with 0.32 lot size i am probably finished ...
Read my post no.862.
  • #871
  • Oct 25, 2009 8:51pm Oct 25, 2009 8:51pm
Steve, today I got out from 2 stuck baskets successfully. Now the 3rd. strong USD basket is all that remains.
Apropos to post 862 my balance has come back to 3800 trading ONLY Range Robot.
Vinesh
  • #872
  • Oct 26, 2009 4:13am Oct 26, 2009 4:13am
Quoting vinesh
Steve, today I got out from 2 stuck baskets successfully. Now the 3rd. strong USD basket is all that remains.
Apropos to post 862 my balance has come back to 3800 trading ONLY Range Robot.
Vinesh
Brilliant news.

I cannot remember if you are using the auto-calculate lots function. If so, with a decent balance in the account, you might consider scaling back to 0.01 lots per $200 to be on the safe side.

Just a thought. I don't think it is necessary but it might build in so extra peace of mind.

  • #873
  • Oct 26, 2009 12:59pm Oct 26, 2009 12:59pm
Steve,
If I were to open a live micro a/c (1 pip=$0.10) with say $1000, what risk should I take to trade tension free (i.e. without worrying about huge drawdowns like the one we're having today? I'm asking your opinion because you're one person who has been trading it for longest time.
I'm talking about Range Trader. I'd appreciate your opinion (w/o any prejudice even it were to go bust!).

Vinesh
  • #874
  • Oct 26, 2009 4:10pm Oct 26, 2009 4:10pm
Quoting vinesh
Steve,
If I were to open a live micro a/c (1 pip=$0.10) with say $1000, what risk should I take to trade tension free (i.e. without worrying about huge drawdowns like the one we're having today? I'm asking your opinion because you're one person who has been trading it for longest time.
I'm talking about Range Trader. I'd appreciate your opinion (w/o any prejudice even it were to go bust!).

Vinesh
There isn't one because the least you can trade is 0.01 lots, and this per $1000 on this type of account is the biggest that is not certain to blow the account.

I would prefer 0.01 lots per $2,000. If $1,000 is all you can manage, then cut the max baskets setting to 3 and accept that there will be periods when wall-to-wall dd is going to be the order of the day.

  • #875
  • Oct 26, 2009 4:22pm Oct 26, 2009 4:22pm
ok after demo testing it last week i went ahead and set it up on my fxdd live micro account ( i have 2) and on my mini account.

today after 24hr of trading my micro account went from $575 down to $181 in under 12 hours? while my mini account has not even taken a trade... i have shut it down and trying to make sence of it all as my demo still not taken trades nor did my mini account....

I will post a screen shot here i think there might be some bug.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: KG on micro..JPG Size: 245 KB
Click to Enlarge Name: KG on micro 2.JPG Size: 301 KB
  • #876
  • Edited 4:56pm Oct 26, 2009 4:31pm | Edited 4:56pm
Isn't FXDD a 1 pip = 10 cents broker? Not sure, but I have this in my mind. In this case, you were overtrading and the trades were possibly closed in a margin call? I cannot see anything else on the screen that would close the trades.

What does the comment say?

  • #877
  • Oct 26, 2009 4:40pm Oct 26, 2009 4:40pm
as i review the log it seems like it blew the account from 13:00 to 17:00, in just 4 hours? I verified the *.set file since i used the one i found to work fantastic on the demo and simply saved it and uploaded it to both of my real accounts hosted on vps. All i did change was the maximum baskets allowed from 5 (on the demo) to 4 (on the live)

i attached the *.set file below.

the demo is working beautifully, so i cant for the life of me figure out why such a harsh difference when i went live.

side note i discovered that on my live accounts to keep the memory usage to a minimum i set to keep
"Max bars in history = 500" and "max bars in chart = 1000"
however it is the same on both mini and macro account.
Attached File(s)
File Type: zip kg.zip   2 KB | 345 downloads
  • #878
  • Oct 26, 2009 4:48pm Oct 26, 2009 4:48pm
Quoting Ervichov
as i review the log it seems like it blew the account from 13:00 to 17:00, in just 4 hours? I verified the *.set file since i used the one i found to work fantastic on the demo and simply saved it and uploaded it to both of my real accounts hosted on vps. All i did change was the maximum baskets allowed from 5 (on the demo) to 4 (on the live)

i attached the *.set file below.

the demo is working beautifully, so i cant for the life of me figure out why such a harsh difference when i went live.

side note i discovered that on my live accounts to...
Your set file was most revealing. You blew the account with your setting of 0.01 lots per $400. The account stood no chance if FXDD really is 1 pip = 10 cents as I believe.

  • #879
  • Oct 26, 2009 4:50pm Oct 26, 2009 4:50pm
Using an EA unmonitored or without EXTENSIVE research is SUICIDE! Pick your poison! Welcome to Forex.
  • #880
  • Oct 26, 2009 4:55pm Oct 26, 2009 4:55pm
Quoting GulfCoastPip
Using an EA unmonitored or without EXTENSIVE research is SUICIDE! Pick your poison! Welcome to Forex.
Especially this one. Using this one without fully understanding it will blow an account quicker than the trader can blink.

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