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Trading system using relative strength

  • #2,001
  • Jun 16, 2011 6:05am Jun 16, 2011 6:05am
Anybody still using the EA RR put on here some time ago? I left it running for 2 weeks in some corner of a VPS, and check it's results every now and then, but i love it! Get's rid of the losers quick, and let the winners run. The only thing you have to do is close some of the really profitable trades every now and then.

I did notice when just leaving the baskets running with sl = 100 and tp when trend turns is making the bot roughly breakeven (i did that in week 1), while the real profit comes in when you close trades manually or set a good tp. This made me around a 1100 pips in the last 4 or 5 days, with current max drawdown 320 pips.
  • #2,002
  • Jun 16, 2011 7:12am Jun 16, 2011 7:12am
this is the longest open basket so far ~2.5 hrs
10 pairs basket, DD -250pips before rebound up to +100 pips a minute before NY opens. I took the profit and run...

My biggest worry still on intercepting major reversal... will small TF MTF set able to do the filtering???
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  • #2,003
  • Jun 16, 2011 7:21am Jun 16, 2011 7:21am
Quoting leekaq
this is the longest open basket so far ~2.5 hrs
10 pairs basket, DD -250pips before rebound up to +100 pips a minute before NY opens. I took the profit and run...

My biggest worry still on intercepting major reversal... will small TF MTF set able to do the filtering???
If you use the Bar instead of MA (for a faster result), they will display the opposite result. I can understand this as a near reversal... but on the other hand, the whole day was a "supposed" reversal and you would not have any trade !

For me, using Bar or MA is still a big ?
  • #2,004
  • Jun 16, 2011 8:03am Jun 16, 2011 8:03am
ok...let see how long this US$1K account of mine will last trading this system..2 days of trading ihas ncreased my capital by 25% (~500 pips or US$250) .. .. anybody wanna put a bet? Dont ask me on MM though ..

another method of filtering maybe by cherry picking best moving pairs from demo account basket and place them in live account trade with proper MM..
just mt 0.02pips thought..


Quoting cocoth
If you use the Bar instead of MA (for a faster result), they will display the opposite result. I can understand this as a near reversal... but on the other hand, the whole day was a "supposed" reversal and you would not have any trade !

For me, using Bar or MA is still a big ?
  • #2,005
  • Jun 16, 2011 8:06am Jun 16, 2011 8:06am
I am curious as to how people are handling the problem of trades blinking on and off on the Suggestions list.

Example:

7 trade Suggestions pop up.

5 minutes later it removes 3 of the trade Suggestions.

5 minutes later it adds those same 3 trade Suggestions back to the list.

----------------

The way I have been doing it is when it removes trades and they stay gone for a couple of minutes, if they are losing I close them and don't re-open them because I hate paying the spread multiple times.

If some new trades are added to the list, sometimes I trade them too and sometimes I don't.

I'm wondering how others (who have been successful at trading baskets) are handling these issues?
Always a Student, Never a Master - Emulate What Works
  • #2,006
  • Jun 16, 2011 8:12am Jun 16, 2011 8:12am
Quoting RobinHood
I am curious as to how people are handling the problem of trades blinking on and off on the Suggestions list.

Example:

7 trade Suggestions pop up.

5 minutes later it removes 3 of the trade Suggestions.

5 minutes later it adds those same 3 trade Suggestions back to the list.

----------------

The way I have been doing it is when it removes trades and they stay gone for a couple of minutes, if they are losing I close them and don't re-open them because I hate paying the spread multiple times.

If some new trades are added...
For me, I am not using the list, but focus more on the histo. Have tried the Multi-TF list indi, but showing the same problem (on & off all the time). It is very difficult to understand this.
  • #2,007
  • Jun 16, 2011 8:21am Jun 16, 2011 8:21am
For me, the suggestions are kind of early triggers for trade consideration. I would confirm the suggested pairs with D1 histogram to have at least 3 combined bars (red and green). Worst case i would drop down to H1 histogram (normally i use H1 carefully as the trend sometime could be opposite of D1 histo.).. I dont care if the suggestions will be gone after that as i know i will be in line with D1 trend...

Quoting cocoth
For me, I am not using the list, but focus more on the histo. Have tried the Multi-TF list indi, but showing the same problem (on & off all the time). It is very difficult to understand this.
  • #2,008
  • Jun 16, 2011 8:21am Jun 16, 2011 8:21am
Quoting cocoth
For me, I am not using the list, but focus more on the histo. Have tried the Multi-TF list indi, but showing the same problem (on & off all the time). It is very difficult to understand this.
I've tried that too, but that doesn't solve the problem.

The histogram changes THE SAME WAY as the Suggestion list because the Suggestion list mimics what the histogram says.
Always a Student, Never a Master - Emulate What Works
  • #2,009
  • Jun 16, 2011 8:27am Jun 16, 2011 8:27am
When current = false, the list doesn't change. Has anyone had success using current=false? I've run a few baskets with this setting that have worked out well, but not enough to know for a fact that it's better.
  • #2,010
  • Jun 16, 2011 8:30am Jun 16, 2011 8:30am
with current = false, do you have to wait for a new candle to open for new suggestions?

Quoting gilab
When current = false, the list doesn't change. Has anyone had success using current=false? I've run a few baskets with this setting that have worked out well, but not enough to know for a fact that it's better.
  • #2,011
  • Jun 16, 2011 8:31am Jun 16, 2011 8:31am
Quoting gilab
When current = false, the list doesn't change. Has anyone had success using current=false? I've run a few baskets with this setting that have worked out well, but not enough to know for a fact that it's better.
When Current=False, the system will refresh the list only at the opening of the new bar. If you are on H4, the system will wait 4 hours to refresh the list, then it is too slow. However, it could be an issue to open the trades on this and check with the histo to see any modification during the trade journey
  • #2,012
  • Jun 16, 2011 8:35am Jun 16, 2011 8:35am
In my opinion, keeping bar=true seems to be the most accurate.

So far I have taken bunch of basket trades, and also individual trades. Best signals in my opinion are from day,week, and h4 MTf ., level set 1.

This week total take so far is more than 1000 pips.

You will be surprised to know you get lot more signals on this time frame.

I got a signal just few minutes ago to buy eurjpy , made few pips .
  • #2,013
  • Jun 16, 2011 8:37am Jun 16, 2011 8:37am
Just went long eurusd. lets see what happens. Again signal from w/d/h4
  • #2,014
  • Jun 16, 2011 8:38am Jun 16, 2011 8:38am
already in money
  • #2,015
  • Jun 16, 2011 8:42am Jun 16, 2011 8:42am
Quoting ES Trader
In my opinion, keeping bar=true seems to be the most accurate.
And what about Use.Current?

Do you set that to true or false?
Always a Student, Never a Master - Emulate What Works
  • #2,016
  • Jun 16, 2011 8:55am Jun 16, 2011 8:55am
yeah,,,that was fast 10pips in pocket..thanks! i'm putting a basket comprising both method.. see how it goes,,.

Quoting ES Trader
Just went long eurusd. lets see what happens. Again signal from w/d/h4
  • #2,017
  • Jun 16, 2011 8:57am Jun 16, 2011 8:57am
Yes.
  • #2,018
  • Jun 16, 2011 9:16am Jun 16, 2011 9:16am
Quoting ES Trader
In my opinion, keeping bar=true seems to be the most accurate.

So far I have taken bunch of basket trades, and also individual trades. Best signals in my opinion are from day,week, and h4 MTf ., level set 1.

This week total take so far is more than 1000 pips.

You will be surprised to know you get lot more signals on this time frame.

I got a signal just few minutes ago to buy eurjpy , made few pips .
Are you using current=true also?
  • #2,019
  • Edited 11:50am Jun 16, 2011 9:17am | Edited 11:50am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Hi

yesterday evening (GMT) there was NZL red (weak) on MONTLY, WEEKLY, DAILY, 4h hindi.
I made a basket with all possible sell of NZL. This morning was +169 pips.
Now I don't know (because I don't have my PC available) but I feel it will give me satisfaction :-) LOL

Have a great day

EDIT-------------------
Closed basket +68 pips. Never mind...
--- nothing to say ---
  • #2,020
  • Jun 16, 2011 9:19am Jun 16, 2011 9:19am
dang..i put a basket right on the news !! the yankees just got shot down.. anyway..let see..
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