Well picking this up... slowly lol
I'v also set up a monitoring EA called "CloseAll-PL" (found on forex-tsd forum) and set it to close all my baskets when i hit +$5 in profit, this may be an over kill though but i am a bit paranoid atm
Kang Gun Relative Strength trading - the EA's
- #901
- Oct 28, 2009 5:21am Oct 28, 2009 5:21am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
- #902
- Oct 28, 2009 5:23am Oct 28, 2009 5:23am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
One question, I used the KG pairs script and found out most of my NZD pairs are not available on FXDD so I turned NZD trigger to False. Is that the correct thinking here?
And i set all the other ones to "False" according to the list, one by one.
- #903
- Edited 6:01am Oct 28, 2009 5:30am | Edited 6:01am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
[quote=maya007;3184082]
It is not nonsense, just unnecessary. I shall code it as an option, though, as it will help keep the dd looking less scary.
Is it possible to change RobotCalulatesLotSize routine to calculate from equity? Or is it nonsense?
This shows a fundamental lack of understanding of one of the basic filters. I am not surprised as it is difficult to get your head around. Have a read in the user guide about Individual basket trade filters (page 6) and see if you can make sense of it.
My english is not as good as it could be so I don't know if I am able to explain my thoughts. But it seems that some baskets with Reversenotcancel enabled are locked in some vacuum and they are bouncing around some drawndown level up and down. Maybe they can make profit after some next weeks but I want open space for some new baskets. So I analyzed trades from two baskets opened at beginning of october. I closed this trades who was in profit and close to turn down. Then I waited till remaining trades went in my favour and then I closed it too. I reduced drawdown from 750 pips to about 250 so I take the loss.
Pavel
- #905
- Oct 28, 2009 6:02am Oct 28, 2009 6:02am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
No, I understand fully how it works.
My english is not as good as it could be so I don't know if I am able to explain my thoughts. But it seems that some baskets with Reversenotcancel enabled are locked in some vacuum and they are bouncing around some drawndown level up and down. Maybe they can make profit after some next weeks but I want open space for some new baskets. So I analyzed trades from two baskets opened at beginning of october. I closed this trades who was in profit and close to turn down. Then I waited till remaining trades went in...
vinesh dealt with the problem in the same way.
- #906
- Oct 28, 2009 8:01am Oct 28, 2009 8:01am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Is it possible to change RobotCalulatesLotSize routine to calculate from equity?
Done. Download from post 1.
LOL Now I dont know how to deal with these2 baskets that are open since 4 days. Both are in -1400 pips territory. Both are strong baskets USD and JPY.
I limited my baskets to 2 but I dont know when these 2 baskets will come out of it so I'm stuck right now.
Just imagine 2 baskets have to move 1500 pips in my favour to BE.
Vinesh
- #908
- Oct 28, 2009 10:43am Oct 28, 2009 10:43am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve,
LOL Now I dont know how to deal with these2 baskets that are open since 4 days. Both are in -1400 pips territory. Both are strong baskets USD and JPY.
I limited my baskets to 2 but I dont know when these 2 baskets will come out of it so I'm stuck right now.
Just imagine 2 baskets have to move 1500 pips in my favour to BE.
Vinesh
One of the things I am starting to consider is having two KG trading accounts, with the trading triggers split between them. That way, there is the possibility of movement in one account when the other is stuck.
My SS IBFX account is stuck to blazes right now. 3 closed baskets since a week ago Monday, with 4 open and going nowhere.
By contrast my SSS 4x4u account has opened and closed 3 baskets today.
'Tis worth thinking about.
- #911
- Edited 12:59pm Oct 28, 2009 12:49pm | Edited 12:59pm
I'm way ahead of you Steve. I already have 2 a/c but am scared right now to put the EA on 2nd a/c as the market is still trending and not ranging. Cannot afford 2 stuck baskets on 2nd a/c as it is 'Mini' and not micro.
Vinesh
Today I disabled BasketReverseNotCancel because seems to me it's pure gamble and increase risk to for me hardly allowable level. Sometimes it works like a charm but sometimes it produces baskets floating in vacuum ("bouncing baskets" in my own terminology
).I tried this system relative long on demo and from september on live. But my set still is not as I want.
Daily Cross - for Steve and all fans
I tried relative long time DC too. From september on live account. On demo was performace quiet good so I tranfer it to live account. Account gains from $50 to $120 in 4 weeks. But last 10 days I had to cancel most of trades because it seems to me nonsense. Today I took $25 loss so I finally made decision remove it again from the live account.
Steve thank you for update RobotCalulatesLotSize routine!
Edit: it seems that in zip file is old version from 9.9. without this...
Pavel
- #912
- Oct 28, 2009 2:25pm Oct 28, 2009 2:25pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve thank you for update RobotCalulatesLotSize routine!
Edit: it seems that in zip file is old version from 9.9. without this...
- #913
- Oct 28, 2009 2:27pm Oct 28, 2009 2:27pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Nice warning to people who do not understand the system. Now if they try it out without understanding the underlying principle, THEY'RE DEAD BY THEIR OWN HANDS!!
suicide!!
Vinesh
Ok, so I am actually trying to scare them nearly to death, but scared nearly to death is probably a good way to be when trading forex.
Hehe. People are putting this robot on their live accounts. It is only fair to warn them properly.
Ok, so I am actually trying to scare them nearly to death, but scared nearly to death is probably a good way to be when trading forex.
Vinesh
- #915
- Oct 28, 2009 4:41pm Oct 28, 2009 4:41pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I agree with you entirely. I've blown 2 a/c already trading manually. I have the 'natural touch'. I buy and it becomes the top and vice versa. Right now I have one of those trades on my other live a/c. If I come out of it with whole skin it'll be a miracle!
Vinesh
- #917
- Oct 28, 2009 5:36pm Oct 28, 2009 5:36pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Try the Reverse trade script(could be an ea i seen it on forex-tsd) lol it does miracles when you have the 70% -30% loosing ratio all it does is opens a trade in exact opposite direction that you are trying to open .
Sounds like a plan to me.
- #918
- Oct 28, 2009 6:22pm Oct 28, 2009 6:22pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Today I disabled BasketReverseNotCancel because seems to me it's pure gamble and increase risk to for me hardly allowable level.
Here is why I think this happens. Take the GBP trigger as an example:
- The indicator measures the gbp as getting stronger against the other trigger currencies.
- Actually, what is happening is that the other triggers are weakening against one another, so the gbp only appears to be getting stronger - relative strength. It isn't actually rising against anything much.
- The apparent strengthening of gbp eventually triggers a buy gbp basket. From here, the robot cycles through the individual possible trades and takes some decisions:
- If UseKgGroupFilter is enabled, the robot spots that, actually gbp is not getting stronger against an individual member of the basket, say, usd. In fact it is weakening. To take out a gbpusd buy would be perverse in these circumstances. From here, the robot has two choices: 1) cancel the trade or; 2) take the trade but in the direction shown by the indi - sell gbpusd. This is what BasketReverseNotCancel allows. If BasketReverseNotCancel is disabled and enough trades fail the UseKgGroupFilter, the basket is cancelled.
- If UseKgGroupFilter is disabled, the robot will send the buy trade in the face of the weakening of gbp against usd.
Live with this robot as long as I have and your will find that most trades are taken out against the apparent 'strength' of the trigger currency.
What I am hoping is that this is a feature of market conditions in the time I have been writing/trading the robot, that these condition will change, the robot will be able to take trades in the direction of the apparent strength and continue to make profits. If so, we are on to a long-term winner.
Please keep us in touch with how you do having turned off BasketReverseNotCancel.
Currently, I am running two demos in tandem with my live trading. One has all the filters turned off; the second has them turned on. At the mo, the non-filtered is ahead by a few pounds and the dd is about 25% of the other account. We shall see what happens in the weeks to come.
- #919
- Oct 28, 2009 7:49pm Oct 28, 2009 7:49pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Here is a first.
A gbp basket just closed at just over +100 pips, yet it cost me over 5% of the account balance.
The maths adds up - there were more than +100 pips in the profit column. Thing is, the losing pips in terms of cost added up to a lot more than the winning pips. The result was a loss of $33 including swap (not very much).
This has never happened before but it throws a new variable into the mix; baskets can hit their pips tp yet still make a financial loss.
Nothing to panic about now, given the success of the robot, but something to watch in the future.
A gbp basket just closed at just over +100 pips, yet it cost me over 5% of the account balance.
The maths adds up - there were more than +100 pips in the profit column. Thing is, the losing pips in terms of cost added up to a lot more than the winning pips. The result was a loss of $33 including swap (not very much).
This has never happened before but it throws a new variable into the mix; baskets can hit their pips tp yet still make a financial loss.
Nothing to panic about now, given the success of the robot, but something to watch in the future.