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Trading System Using Relative Strength-Part 2

  • #441
  • Oct 20, 2008 10:54pm Oct 20, 2008 10:54pm
Quoting andante9
Hi PH

Please be sure the 'allow live trades' is selected in the general inputs.



If that don't work I do have a 'close all pending and open orders' script that does work. (it doesn't work 'all at once' as you are decsribing rather it closes all trades one by one in a quick manner\")
Oh great, thanks Antdante9! I'll try it in the morning...heading out for the some zzzz until US session. Could you post yours in case I can't get this one to work? Thanks for your help, happy pippin

PipHunter
PipHunter
  • #442
  • Oct 20, 2008 10:55pm Oct 20, 2008 10:55pm
Quoting ahendon
Just checking to see if Ronald is checking out the new thread - I am having a problem with the Cross EA (not picking up strength signals and therefore has stopped trading) and am wondering if you are thinking of adding an option by which the user could call for straight or reverse trading.

If you are it would be great (as is par for the course with your work).

thanks
I'm here, don't worry. I'm trying to figure out how to get the EA to determine whether or not the market is ranging and to reverse, or is trending, and to trade with the recommendation.
  • #443
  • Oct 20, 2008 10:56pm Oct 20, 2008 10:56pm
Quoting geeve

Ferru indicator v1.04 takes into account ranging/trending markets, but i still like to double check with Orest indicator...

Geeve
This thread grow very fast, I miss this part, which post mentioning about how to see ranging/trending on Ferru indicator?
  • #444
  • Oct 20, 2008 10:59pm Oct 20, 2008 10:59pm
Hi Geeve,

There are 4 indicators:
T101_v1.12 orest.mq4
T101_Ancho Signals Orest v1.01.mq4
T101_v1.13 orest.mq4
T101_v1.14 orest.mq4

Which one do you use?
And where can i find FerruFX indicator also ?
Cause i can't find in this thread.

Quoting geeve
That is the Orest indicator and can be found at the following link:

http://www.forexfactory.com/showthread.php?t=112522

I use the Orest indicator to tell me if the market is ranging or trending.

There are 4 \"T\" values at the bottom of the 4 hour Column in the Orest indicator.
The last \"T\" value represents the total for the timeframe and gives you overall direction.

Ranging Market

  1. If Orest indicator shows T value on H4 timeframe between -80<T<+80, then market is ranging
  2. Place reverse trades that FerruFX indicator shows

Trending Market

  1. If Orest indicator shows T value on H4 timeframe where T>+80 or T<-80, then market is trending
  2. Place normal trades that FerruFX indicator shows

This is by no means cut in stone, it is just something that i have been testing...

Ferru indicator v1.04 takes into account ranging/trending markets, but i still like to double check with Orest indicator...

Geeve

  • #445
  • Oct 20, 2008 10:59pm Oct 20, 2008 10:59pm
See FerruFX Post#405

Quoting TickJob
This thread grow very fast, I miss this part, which post mentioning about how to see ranging/trending on Ferru indicator?
  • #446
  • Oct 20, 2008 11:01pm Oct 20, 2008 11:01pm
i use T101_v1.14 orest.mq4

FerruFX indicator is in this thread, click on paperclip at top right of your screen....



Quoting tjsun80
Hi Geeve,

There are 4 indicators:
T101_v1.12 orest.mq4
T101_Ancho Signals Orest v1.01.mq4
T101_v1.13 orest.mq4
T101_v1.14 orest.mq4

Which one do you use?
And where can i find FerruFX indicator also ?
Cause i can't find in this thread.
  • #447
  • Oct 20, 2008 11:10pm Oct 20, 2008 11:10pm
Quoting tjsun80
And where can i find FerruFX indicator also ?
Cause i can't find in this thread.
If you can't find it ... it's because you didn't read the thread ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #448
  • Oct 20, 2008 11:14pm Oct 20, 2008 11:14pm
Hi Geeve,

I got the FerruFX. Thanks so much.

But if i put T101_v1.14 orest.mq4 in Folder:Experts, i can't get the same chart as what you have shown us in previous post.
Do you know what went wrong ?

Quoting geeve
i use T101_v1.14 orest.mq4

FerruFX indicator is in this thread, click on paperclip at top right of your screen....
  • #449
  • Oct 21, 2008 12:00am Oct 21, 2008 12:00am
Quoting Ronald Raygun
I'm here, don't worry. I'm trying to figure out how to get the EA to determine whether or not the market is ranging and to reverse, or is trending, and to trade with the recommendation.
of course you're here. BECAUSE YOU ARE A GODLEN GOD!

ok - I'll go back to work now.
  • #450
  • Oct 21, 2008 12:56am Oct 21, 2008 12:56am
Day One Trading

Time One hour 140 pip +

Set Up

CFP Diff 1.04 current with Bar value as true and Level 0

Traded all currency as per the signal except EUR/AUD Reversed
  • #451
  • Edited 1:09am Oct 21, 2008 12:57am | Edited 1:09am
I tried to modified this indicator to show the result of the last bar.
I'm not a coder and I do not know if I did right.
Now the indicator refresh very quickly and shows the changes of the currencies quickly. Try it on MTF.
Maybe some coder can verified if I did right.
Thanks.

Lubo
Attached File(s)
File Type: mq4 CCFp_v1.0.2.current.mq4   25 KB | 895 downloads
If I know how, I tell You!! Few but Good!!
  • #452
  • Oct 21, 2008 2:20am Oct 21, 2008 2:20am
I wonder if anybody using FerruFX's indicators has taken the time to observe the changes (as FF suggested to do) on the diagram during one whole trading day ? If you haven't done that..... I strongly advise you to do that. Use the latest current version and watch carefully what is happening on the H4 coloured diagram...... how often levels change here !!!!!!!

Well I have done that yesterday and here is what I have seen happening. You can also verify this on the H1 chart at the bottom.
There have been 2 breakouts yesterday out of the most important zone on any trading day on any currency pair........the yellow-purple zone. One break up and one break down.

Using the CCFp-Diff_[v1.04].ex4 indicator on that day would have been the same thing as tossing a coin when your wave for a basket trade would start.
What you first of all have to take into account here is, that this indicator used on an H4 chart will show you the wave results of bars C2-C1, which means that you are dealing with wave results that are late between at least half an hour and 1 hour. However they may be LATE by more than that when you would start your basket trade.

I agree that everything in life as well as in trading comes in waves and using CCFp-Diff_[v1.04].ex4 (regular version) you may just be lucky to have adapted at the right time to a right repetitive wave, but there will be plenty times you won't have done that. The bigger the intervals (H4 chart) the more lucky you may be to just ride a wave succesfully. The smaller the wave (M30, M15, etc) the lower that succes rate will be.

That is exactly what we see happening here in this thread all the time....one day huge wins..... the next day the same trader reports huge losses. As a result of that he decides to ride the wave the other way around and reverses all his trades.......... Just pure common sense should make you awake and tell you something is dead wrong trading this way.

Are you getting the picture? I hope so, because when reading earlier posts again in this thread and the previous thread I now understand what several experienced traders tried to warn us for....... I remember one of them telling us before.......... You are tossing a coin here..... and I admit....... He was right.

So the only way riding the wave correctly is.....You have to time it before you can surf it.......

Therefore the only way this trading system can be made succesful, producing consistant results........ will be by using CCFp-Diff_[v1.04b_current].ex4.
As such you will have to draw your conclusions from multiple timeframes (H4, H1 and M30)...... otherwise in a trading system like this where results add up cumulative you will be wet before you know it.

BTW have you all made the great breakout productive.......... starting off of today's yellow line (Day's Open) and passing first Target line to the downside ????? This has been a great trade setup riding a wave to the downside using CCFp-Diff_[v1.04b_current].ex4 !!!!!!!!!!!

May the pips be with you and have a nice day,
John
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1 current.gif Size: 31 KB
  • #453
  • Oct 21, 2008 3:13am Oct 21, 2008 3:13am
Quoting John Edwards


So the only way riding the wave correctly is.....You have to time it before you can surf it.......

Therefore the only way this trading system can be made succesful, producing consistant results........ will be by using CCFp-Diff_[v1.04b_current].ex4.
As such you will have to draw your conclusions from multiple timeframes (H4, H1 and M30)...... otherwise in a trading system like this where results add up cumulative you will be wet before you know it.
John
Couldn't agree more.
  • #454
  • Edited 3:48am Oct 21, 2008 3:15am | Edited 3:48am
To all.

I think it would be useful if some coder could include in this indicator the percentage change in the value of individual currencies.
Should also be fixed the error that when you choose to show just a few currencies, it continues to show them all so confused.
Thanks.

Lubo
If I know how, I tell You!! Few but Good!!
  • #455
  • Oct 21, 2008 5:08am Oct 21, 2008 5:08am
John Edwards,

I appreciate your posts/analysis. Did you enter when price crossed the red line? Sorry if this is something I should know....I can delete this post.

Thanks to all for a great thread and indicators

Andy
  • #456
  • Oct 21, 2008 5:37am Oct 21, 2008 5:37am
Quoting geeve
That is the Orest indicator and can be found at the following link:

http://www.forexfactory.com/showthread.php?t=112522

I use the Orest indicator to tell me if the market is ranging or trending.

There are 4 \"T\" values at the bottom of the 4 hour Column in the Orest indicator.
The last \"T\" value represents the total for the timeframe and gives you overall direction.

Ranging Market

  1. If Orest indicator shows T value on H4 timeframe between -80<T<+80, then market is ranging
  2. Place reverse trades that FerruFX indicator shows

Trending Market

  1. If Orest indicator shows T value on H4 timeframe where T>+80 or T<-80, then market is trending
  2. Place normal trades that FerruFX indicator shows

This is by no means cut in stone, it is just something that i have been testing...

Ferru indicator v1.04 takes into account ranging/trending markets, but i still like to double check with Orest indicator...

Geeve

Yes, but this is only checks the specific pairs that you put in the 7 X 7 list. If you put different currency pairs then you will get different results. We need to find an indicator that checks the individual currencies or find the right pairs that only deal with the main currencies we are dealing with.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #457
  • Oct 21, 2008 5:38am Oct 21, 2008 5:38am
Quoting FerruFx
Why don't you look at the colored histo table? If the Level is set to 3, all currencies RED with a number higher than 2 are \"-\" and all currencies Green with a number higher than 2 are \"+\".

FerruFx
Ok, thanks man. Got it.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #458
  • Oct 21, 2008 6:19am Oct 21, 2008 6:19am
Dear FerruFx

Is it Possible to make the CCFp-Diff_[v1.04b_current].ex4 shows what are the pairs that have the same suggestions for the 4H , 1H , 30H , 15M or al least 3 of them?


With all respect,
Danny
  • #459
  • Oct 21, 2008 6:22am Oct 21, 2008 6:22am
Quoting Qui-Gon
John Edwards,

I appreciate your posts/analysis. Did you enter when price crossed the red line? Sorry if this is something I should know....I can delete this post.

Thanks to all for a great thread and indicators

Andy
No I missed it, for I was away at that moment. However it is a trade completely by the book. An experienced trader would immediately have noticed the 1-2-3 setup and crossing of the deeppink-support line. To see in detail how you could have taken this 50 pips SELL in detail you go down to the M5 chart, which I attached here for you.
I also have a copy of the 1-2-3 trade setup system attached. It is freely distributed by Marc Crisp..... so I see no harm it to attach it here for you.

The breakthrough of 1 of the 4 lines in my pivot system represents the best trading setups during the day (where most of the time all currency pairs make big moves) . Therefore I believe this certainly must be the case for the basket trades regarding the trading sytem of this thread.

I will be away for the rest of the day. Hope this helps you, John
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m5 current.gif Size: 42 KB
Attached File(s)
File Type: pdf 123system.pdf   1.1 MB | 1,085 downloads
  • #460
  • Oct 21, 2008 6:47am Oct 21, 2008 6:47am
Quoting Pip Hunter
Sorry, but I don't understand how the \"close all positions\" mq4 file is used. I have it downloaded into my indicator file, is that wrong? It won't attach to a file so I'm assuming I'm trying to us it completely wrong? Could I get some help from someone? Just a simple idea of what I need to do.

Thanks to all. The system seems fantastic so far and results have been positive but need to work with it a bit.

PipHunter
PH, these are EA"S not scripts or indicators. I don't use that one to often but it works great.
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