DislikedAnd yes... what if Forex Army decides to stop using their calculator. There should be some way to reverse engineer it.Ignored
Charts, Charts, Charts! 1 reply
Hallett Norman - Mental Fitness For Traders (Attached) 2 replies
EA works attached to single chart, messes up with multiple charts 2 replies
The Pocket Book Of Economic Indicators (Attached) 2 replies
One More Zero - How To Trade FX Like A Pro (Attached) 0 replies
DislikedAnd yes... what if Forex Army decides to stop using their calculator. There should be some way to reverse engineer it.Ignored
DislikedHey Guys,
I was having trouble using the strengthmeter indi also-I think its just cause my MT4 build might be a little outdated or something.
Anyway-just something to consider for others having trouble with that-or wanting to use something else-I've been using the Trendy dashboard.
It calculates using a mixture of Weekly (10 Week) and Daily Elements.
On the Weekly it looks at a 10 period simple MA and measures the slope to see if its rising or falling. If its rising it gives the pair 1 point for a buy, if its falling it gives the pair 1...Ignored
DislikedOk, my first test is over.
I opened trades on all 28 pairs yesterday right after my midnight (i.e after 21 GMT) using the strength of last 10 days. Traded 0.1 lots each pair on 10.000 USD demo account.
I closed worst trades (half of loss at that moment) as described by the author twice today - right before Europe and NY session. And I closed all open trades at 15:52 GMT, the time when market usually starts to calm.
My result is +3795.23 USD or 37.95% of the account...Ignored
DislikedHi Indrek
just to check, you used the strength of the last 10 DAYS not WEEKS
is this some kind of daily version, with the closes each day?
Which strength meter did you use? the one on Peace Army or one of the ones posted here?
Regards, JohnIgnored
DislikedThe numbers that website comes up with seem odd to me. For example, the "This Week" numbers all seem strange.
Using this week's open price, I come up with the following USD change (calculated 4 different ways), which is quite different from that web sites data.
Oh well...whatever works...Ignored
DislikedWhat if you averaged the strength of 1, 5 and 10 week periods by just adding the totals for each period and dividing by 3.You would then have a composite of the strength of the currency against each other on a composite long,intermediate and short term basis. The drawdowns during reversals may not be as severe.Ignored
DislikedJust to clarify, the Trendy Dashboard was created by Steve H, though I'm not sure if he built it from the ground up or just modified it. I took it off his Trendy thread, which is an excellent thread by the way:
http://www.forexfactory.com/showthread.php?t=307890
I just don't have the taste for the EA's, so I'm trading it manually. 1 penny lots forward testing-up 15% so far and waiting for the other shoe to drop.Ignored
DislikedJust to clarify, the Trendy Dashboard was created by Steve H, though I'm not sure if he built it from the ground up or just modified it. I took it off his Trendy thread, which is an excellent thread by the way:
http://www.forexfactory.com/showthread.php?t=307890
I just don't have the taste for the EA's, so I'm trading it manually. 1 penny lots forward testing-up 15% so far and waiting for the other shoe to drop.Ignored
DislikedThank you Steve,but can you explain me what is the +count and -count????In your Indicator???Ignored
DislikedFirst, Great to have Indrek on board he is a class act! ZZBRM- since you have the ability to calculate based on weekly opening prices couldn't we back test this method manually?Ignored