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(binned per thread starter's request) Currency Strength with cont

  • #1,941
  • Sep 2, 2018 2:14pm Sep 2, 2018 2:14pm
Quoting senarath
{quote} sir its facinating but we cant get any clue about your entries for above result .if u can post the entry charts(at least one) it will be highly helpfull to us .thank you sir
https://www.forexfactory.com/showthread.php?p=11428782#post11428782

BTW: Shitload of news this week.
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Anything above the line is an uptrend, below the line is a downtrend.
  • #1,942
  • Sep 3, 2018 2:10am Sep 3, 2018 2:10am
Quoting jusiur
{quote} already exists and was published in Denni´s thread: _Strongest_Pairs v1 by Brad Parks. this is a copy/paste from that post: "Dennis, I know you don't use Metatrader, but here's a MT4 indicator that uses your Stongest Pairs formula. It will show the strongest pairs in the chart window. You can also copy by right-clicking the data in the Experts tab at bottom of MT4, and then you can paste it into Excel. If you don't get all the data, try copying the line below the line you clicked in the Experts tab. Some parameters that will need to be changed:...
Hi.

Comparision of strongest_pair indicator (dennis) with neils.

Attached Image


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So not much difference.

BR
It is not important how often you fall down, but how often you get up again
  • #1,943
  • Sep 3, 2018 2:40am Sep 3, 2018 2:40am
Quoting emonts
{quote} Hi. Comparision of strongest_pair indicator (dennis) with neils. {image} {image} So not much difference. BR
Mr. Emonts. if we want to know about the daily strength of a currency then should we use 6?
Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #1,944
  • Sep 3, 2018 2:57am Sep 3, 2018 2:57am
Quoting assassin85
{quote} Mr. Emonts. if we want to know about the daily strength of a currency then should we use 6?

Hi,

6 means 6 bars back, 24 hours back from now.
Thats why i use [3], this is about 12 hours back.
At this moment [3] is for my broker Friday/NY close.

if you look at Day[-1], then this is the close of the day before.
Always based on your broker server time.

I have noticed that Day[-1] is updated not exactly at the new day. Need to see why.
I use this strength more as to see what are the currencies doing over the days, not just yesterday.

BR
It is not important how often you fall down, but how often you get up again
  • #1,945
  • Sep 3, 2018 3:45am Sep 3, 2018 3:45am
Quoting emonts
{quote} Hi, 6 means 6 bars back, 24 hours back from now. Thats why i use [3], this is about 12 hours back. At this moment [3] is for my broker Friday/NY close. if you look at Day[-1], then this is the close of the day before. Always based on your broker server time. I have noticed that Day[-1] is updated not exactly at the new day. Need to see why. I use this strength more as to see what are the currencies doing over the days, not just yesterday. BR
yes exactly. i saw that the currency positions changed mid day today. if you can update the indicator, please share. thanks and green pips
Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #1,946
  • Sep 3, 2018 3:55am Sep 3, 2018 3:55am
@Emonts,the indicator on post 1,925 doesn't seem to work,you couldn't be a massive star and knock up a indicator based on 'dennis strength/weakness meter' you seem like you know what you are doing when it comes to coding ! …….many thanks in advance
  • #1,947
  • Sep 3, 2018 4:03am Sep 3, 2018 4:03am
Quoting nozzer
@Emonts,the indicator on post 1,925 doesn't seem to work,you couldn't be a massive star and knock up a indicator based on 'dennis strength/weakness meter' you seem like you know what you are doing when it comes to coding ! …….many thanks in advance
Hi,

Do you know you have to change the date every day.
First two settings.

BR
It is not important how often you fall down, but how often you get up again
  • #1,948
  • Sep 3, 2018 6:11am Sep 3, 2018 6:11am
ok thanks emont,ill give it another try..
  • #1,949
  • Sep 3, 2018 6:43am Sep 3, 2018 6:43am
thanks emont,i fiddled around with it and it worked,cheers mate
  • #1,950
  • Sep 3, 2018 8:55am Sep 3, 2018 8:55am
JPY seems to be week but why it has moved to the 2nd spot?
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Forex is a wild wild beast. You cannot tame it. Just run wild with it.
  • #1,951
  • Sep 3, 2018 9:15am Sep 3, 2018 9:15am
Quoting assassin85
JPY seems to be week but why it has moved to the 2nd spot?{image}
Ranking is based on the row Strength[3] and that is 12 hours back in time.

And the calculations are based on MA 200 for H4 bars.
So this is not a quick changing strength / calculation indicator.

BR
It is not important how often you fall down, but how often you get up again
  • #1,952
  • Sep 4, 2018 3:42am Sep 4, 2018 3:42am
Contrarian from today.

More or less same pairs as previous week. I missed a few entries though.
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Anything above the line is an uptrend, below the line is a downtrend.
  • #1,953
  • Sep 4, 2018 6:30am Sep 4, 2018 6:30am
Quoting Degolep
Contrarian from today. More or less same pairs as previous week. I missed a few entries though. {image}
Hi dego,
Why to sell aud and nzd pairs, even on H1 timeframe both are at floor in currency/usd, currency/wcu in TV charts.
  • #1,954
  • Sep 5, 2018 4:57am Sep 5, 2018 4:57am
Quoting Degolep
Contrarian from today. More or less same pairs as previous week. I missed a few entries though. {image}
Congrats! But can I suggest? in my opinion you could focus in few trades also..those one that have at least 75-80% and with lots 4000-5000 in myfxbook. NZD for example has been the best for the past weeks
  • #1,955
  • Sep 5, 2018 11:03am Sep 5, 2018 11:03am
Quoting Degolep
Contrarian from today. More or less same pairs as previous week. I missed a few entries though. {image}
If you don't mind me asking, how did you arrive at opening positions for these pairs based on the contrarian method? (just curious)

Thanks
  • #1,956
  • Sep 5, 2018 11:39am Sep 5, 2018 11:39am
Quoting Marco0978
{quote} Congrats! But can I suggest? in my opinion you could focus in few trades also..those one that have at least 75-80% and with lots 4000-5000 in myfxbook. NZD for example has been the best for the past weeks
I am using a rule of 78% that is always more than 3x seller/buyer.

Quoting pipman1
{quote} If you don't mind me asking, how did you arrive at opening positions for these pairs based on the contrarian method? (just curious) Thanks
Like I said already few posts ago I enter on H1.
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,957
  • Sep 5, 2018 12:30pm Sep 5, 2018 12:30pm
Quoting Degolep
{quote} I am using a rule of 78% that is always more than 3x seller/buyer. {quote} Like I said already few posts ago I enter on H1.
ah ok ok...perfect. Sorry i saw so many trades and i thought you were using also a low percentage
  • #1,958
  • Sep 7, 2018 1:18pm Sep 7, 2018 1:18pm
i see that this thread seems died!..what a pity there was always to learn, especially from Neil!
  • #1,959
  • Sep 7, 2018 6:09pm Sep 7, 2018 6:09pm
not the worst week
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  • #1,960
  • Sep 8, 2018 4:22am Sep 8, 2018 4:22am
Quoting tadekcorona
not the worst week {image}
contrarian method?
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