I just noticed I had sent this screenshot from March 5. I had created log file for back testing. I just checked one of the Cluster Mirror pairs, and it worked out nicely. I'm guessing the other pairs the currency strength indicator identified would have worked out nicely too.
I have removed the Indicator History page (the log of all historicals), but I think I will add it back now. It seems it will be useful.
The easiest pairs and setups are probably the cluster mirrors. These are the pairs I plan to manually test on Monday and post screenshots here. Essentially, when the currency strength indicator gives a cluster mirror pair, then one way to trade them is, ignore the direction the indicator gives and just trade in the direction of the intraday trend. I'll look for more examples from the Indicator history but it's pretty straight forward I think. Let me know if you guys have any questions.
The easiest pairs and setups are probably the cluster mirrors. These are the pairs I plan to manually test on Monday and post screenshots here. Essentially, when the currency strength indicator gives a cluster mirror pair, then one way to trade them is, ignore the direction the indicator gives and just trade in the direction of the intraday trend. I'll look for more examples from the Indicator history but it's pretty straight forward I think. Let me know if you guys have any questions.
With moving averages, Alligator, Guppy, or any number of standard indicators that essentially point in the down direction when M1 is moving downwards and point in the up direction when M1 is moving upwards. The target, will be conservative, just the highs and lows. The trader could also use a Fibonacci expansion to get a little more out of the target but the high or low will be good enough.
These are the pairs that I’ll test trading and posting screenshots of. Determining the trend on M1 is not tricky and I think it should become clear by screenshots.
To use the currency strength indicator, send a PM and I'll send the link to the Tor site. To use the online dashboard, it requires installing Tor browser https://www.torproject.org/download/
Please provide any feedback about the pairs, setups, etc.
You can also check Indicator History for all indicator firings recorded timestamp for backtesting, etc. For Cluster Mirror, I plan to take Magnitude 2 or higher. The quality goes up to 7. Anything 2 or higher is what I’m planning to test.
The chart here shows when the floating equity is combined. As if, both sides are being traded at the same time. This method of trading both works for Cluster Mirror pairs, which is another reason I personally like Cluster Mirror since they’re useful for various strategies.
Plenty of pairs to trade from currency strength indicator, I've only taken this one today so far. Is anybody trading the pairs from currency strength indicator?
Just want to share something interesting I just noticed. When there are repeated fires for a pair in Indicator History, it seems to be good enough for a market entry 20+ pips. Backtest the logs and let us know if you also notice anything interesting.
Added new improvement features to the indicator yesterday to make it more user friendly that I'll be testing today. I'll post my test as soon as I start it so you can have a real time view of the test and the new features.
The idea of the new features is, it makes it more unfriendly to determine normal size wicks with small body type candles on the Daily, and also, long wicks with small body type candles on the Daily, with bias, and their reflections.
There are other patterns that I might make user friendly in order to identify easier but the above should pretty much cover the various market conditions to suite various traders.
