Trading system using relative strength | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading System Using Relative Strength-Part 2 1,499 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

Relative Strength Basket Trading System 3,479 replies

Dyekid217 Trading relative strength and CICR 0 replies

VT Moving Averages of Relative Strength Index Alert Wanted 1 reply

Attachments: Trading system using relative strength
Exit Attachments

Trading system using relative strength

  • #41
  • Oct 8, 2008 7:21pm Oct 8, 2008 7:21pm
Hi Traders !
I coded an improved CCFp version just to play a little bit with this interessing method.
New features added :

- Added +,-,= to identify more easily each currency strength
- Now works also with IBFX

Happy pips

Skyline


Skyline, thx, it works. The maroon and purple are hard to tell apart. Could you please change the color of one of them.
  • #42
  • Oct 8, 2008 7:22pm Oct 8, 2008 7:22pm
new trades at 7pm central time.
Ihve usd, chf, jpy and aud as strong and eur gbp, cad and nzd week.These does not match with skyline ccfi indicator. I have the following trades now;
Attached Image (click to enlarge)
Click to Enlarge Name: ccs2.gif Size: 51 KB
  • #43
  • Oct 8, 2008 7:27pm Oct 8, 2008 7:27pm
just now closed the trades I took this afternoon for profit'.
here is the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: ccs2.gif Size: 48 KB
  • #44
  • Oct 8, 2008 7:48pm Oct 8, 2008 7:48pm
Oops, sorry. I accidentally posted the one I was messing with. Looks like skyline already posted a corrected version. I deleted my prevous post so no one gets that bad version.

Quoting Ronald Raygun
You sure that's the right mq4? It doesn't compile out of the box.
  • #45
  • Oct 8, 2008 7:59pm Oct 8, 2008 7:59pm
this is the second trade I took 45 minutes ago.Made about 170 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ccs3.gif Size: 55 KB
  • #46
  • Oct 8, 2008 8:00pm Oct 8, 2008 8:00pm
Quoting ES Trader
new trades at 7pm central time.
Ihve usd, chf, jpy and aud as strong and eur gbp, cad and nzd week.These does not match with skyline ccfi indicator. I have the following trades now;
Thanks for sharing this great method!!
Are you saying that the indicator that skyline has created is not working?
  • #47
  • Oct 8, 2008 8:02pm Oct 8, 2008 8:02pm
hi ESand thanks for sharing this system
on ibfx we had :
euro was 0.0090 and it became 0.0095 ( up )
chf was 0.0326 and it became 0.0299 ( down )
so as i understand the system , since euro is up so we buy euro and we sell chf . but in your exmples of trades above we see that you went short with this pair . can you explain it please , why short and not long ?
regards
  • #48
  • Oct 8, 2008 8:03pm Oct 8, 2008 8:03pm
skyline, I like your modified CCFI. But is it possible to show with + and - ,the difference of only COMPLETED LAST 2 bars and not to include the present bar.
Thanks
Kris
  • #49
  • Oct 8, 2008 8:09pm Oct 8, 2008 8:09pm
these trades i took as you less than 1 h ago as per your system
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: es system.gif Size: 75 KB
  • #50
  • Oct 8, 2008 8:10pm Oct 8, 2008 8:10pm
Imad,
I dont know which Bar you are looking. The difference of the value I took are from complted two , t4 hrs bars( 16 GMT and 20.00 GMT). According to that I have usd,chf,jpy and aud as strong and eur ,gbp cad and NZD as weeker.

In fact you can see that I keep adding pips to the trade I took few minutes ago
Attached Image (click to enlarge)
Click to Enlarge Name: ccs4.gif Size: 52 KB
  • #51
  • Oct 8, 2008 8:12pm Oct 8, 2008 8:12pm
Great IMAD. Good Job. Keep it up
Kris
  • #52
  • Oct 8, 2008 8:14pm Oct 8, 2008 8:14pm
Quoting ES Trader
Great IMAD. Good Job. Keep it up
Kris
So let me get this right, you are basically opening and closing new positions every 4 hours?
  • #53
  • Oct 8, 2008 8:16pm Oct 8, 2008 8:16pm
hi ES
the bar od 16pm on ibfx for chf was 0.0326 and the bar of 20 pm ,chf was 0.0299so it went weaker .
maybe we have different data on ibfx
regards
  • #54
  • Oct 8, 2008 8:16pm Oct 8, 2008 8:16pm
Hello,

Thankyou for your system it looks great.

But one thing I always get confused with is whether to buy or sell, could somebody tell me if what i am doing is correct ?

Eur Usd ..... if USD is strong then Short
Gbp Usd .... if USD is strong then Short
Eur Jpy .... if JPY is strong then Short ?

Thankyou
  • #55
  • Oct 8, 2008 8:17pm Oct 8, 2008 8:17pm
Quoting ES Trader
Imad,
I dont know which Bar you are looking. The difference of the value I took are from complted two , t4 hrs bars( 16 GMT and 20.00 GMT). According to that I have usd,chf,jpy and aud as strong and eur ,gbp cad and NZD as weeker.

In fact you can see that I keep adding pips to the trade I took few minutes ago
ES,

Do you add positions every 4 hours or just at 20.00 GMT?

Thanks.

Bruce
  • #56
  • Oct 8, 2008 8:28pm Oct 8, 2008 8:28pm
Depending on the platform you use. The 4hr candles will close at different times. Such as fxpro and ibfx. Due to the way the data is collected by various brokers does it matter. I'm presuming going by the rules, as long as you take your data as the last candle closes and wait 15 minutes, you don't have a problem. Doing this ofcourse means you could do more than 1 trade every 4 hours, by using both ibfx and fxpro (for example) respectively.

I noticed too the fluctuating data of the ccfp. It seems that the +,- also seem to merge on occasion and differ from what is shown in the data window of the last two completed candles. Furthermore due to the nature MT4 collects data, do we need to have all the major currency charts open on the 4hr time frame (or less) so it collects data for them all. How does the ccfp work out its figures for each currency?
  • #57
  • Oct 8, 2008 8:42pm Oct 8, 2008 8:42pm
How do I load an indicator onto MT4 platforms. Ive never done it before.

-Sterling
Founder of Day Trading Forex Live
  • #58
  • Oct 8, 2008 8:44pm Oct 8, 2008 8:44pm
Imad, That is interesting. Mine show chf as 303 and 320 showing getting stronger. Well! looks like it still worked ok. May be due to magic of trading multiple currencies at the same time.LOL
Kris
  • #59
  • Oct 8, 2008 10:09pm Oct 8, 2008 10:09pm
ES,

Can you give some more info on how you're doing this? I gather than you look at the date window and determine if a pair is strengthening or weakening by the last two completed 4 hour bars.

But there are 8 pairs listed there, and it looks like you put on 14 or 15 trades. Can you elaborate on how you're arriving at so many pairs and their trading direction?

Also, since CCFp returns values, one of the experienced coders here should be able to mod the indi to auto-calc those figures and display the pairs to long and those to short.
  • #60
  • Oct 8, 2008 10:40pm Oct 8, 2008 10:40pm
Quoting BenQ
ES,

Can you give some more info on how you're doing this? I gather than you look at the date window and determine if a pair is strengthening or weakening by the last two completed 4 hour bars.

But there are 8 pairs listed there, and it looks like you put on 14 or 15 trades. Can you elaborate on how you're arriving at so many pairs and their trading direction?

Also, since CCFp returns values, one of the experienced coders here should be able to mod the indi to auto-calc those figures and display the pairs to long and those to short.
There are eight currencies listed.
They can be combined into many different pairs.
1 trader viewing now