- Search Metals Mine
- mt41969 replied Dec 9, 2008
Here you go. Strong=(+10). Weak=(-10) if( iCustom(NULL,0,"RS_GROUP_EUR V1.0",1,0)-iCustom(NULL,0,"RS_GROUP_EUR V1.0",0,0) > Strong && iCustom(NULL,0,"RS_GROUP_JPY V1.0",1,0)-iCustom(NULL,0,"RS_GROUP_EUR V1.0",0,0) < Weak && ...
Relative Strength Basket Trading System
- mt41969 replied Dec 9, 2008
I am only testing at the moment with Period=14 and Timeframe=1H. Also, it is a moving trailingstop, so no TP is placed when the order is made. This means our potential profit has no limits, which is good news for high trending pairs.
Relative Strength Basket Trading System
- mt41969 replied Dec 9, 2008
Rules: LONG or BUY - if the difference between the two RS_GROUP_EUR V1.0 numbers is > +10 - if the difference between the two RS_GROUP_JPY V1.0 numbers is < -10 - if the RSI EURJPY PRICE_CLOSE 0 > RSI EURJPY PRICE_CLOSE 1 SHORT or SELL - if the ...
Relative Strength Basket Trading System
- mt41969 replied Dec 9, 2008
i dont plan to pursue the SCRIPT/BASKET idea as i am not fully convinced by the original idea. Just because the EUR is strong doesnt always mean that all its basket currencies will net a profit. Often the strength/weakness is somewhat distorted by 1 ...
Relative Strength Basket Trading System
- mt41969 replied Dec 9, 2008
Not using the script anymore, i have written an EA to just trade using the RS_GROUP_EUR V1.0, RS_GROUP_JPY V1.0 and specific RSI for the EURJPY. Reason i just sticking to EURJPY is because its has activity virtually 24/5 and trends allot. i am also ...
Relative Strength Basket Trading System
- mt41969 replied Dec 9, 2008
Early days but i think my entry signals are looking good. I am not trading the whole basket(s) as i find it easy to handle single trades etc.
Relative Strength Basket Trading System
- mt41969 replied Dec 8, 2008
In the United Kingdom income from Forex Trading is free from taxation under the current law.
Trading Partnership taxation question
- mt41969 replied Dec 8, 2008
it has been coded to automatically put in the minimum distance stop allowed for each type of pair.
Is there a Script or EA to modify stops?
- mt41969 replied Dec 8, 2008
do we have CLEAR entry signals yet ? Thanks.
Relative Strength Basket Trading System
- mt41969 replied Dec 4, 2008
For automated TakeProfit, would you agree or disagree with the following calculation ? TakeProfit = Lots * 100 * OrdersTotal(); Thanks,
Relative Strength Basket Trading System
- mt41969 replied Dec 4, 2008
Strange, works fine on my laptop with 1GB Ram. At the moment if works at 10 times per second, maybe i should change it so its not such a load on resources. Which operating system you using ?, i only tested with Windows XP.
Relative Strength Basket Trading System
- mt41969 replied Dec 4, 2008
eddie, are you running my SCRIPT file or Steve's ?
Relative Strength Basket Trading System
- mt41969 replied Dec 4, 2008
You need all the RS_GROUP_XXX V1.0 indicators placed into the indicators folder. You only need to attach KG RS GROUP indicator to your chart and my SCRIPT file.
Relative Strength Basket Trading System
- mt41969 replied Dec 4, 2008
MisterPipster, mine has just actioned a BUY on JPY basket
Relative Strength Basket Trading System