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Trading system using relative strength

  • #81
  • Oct 9, 2008 5:04am Oct 9, 2008 5:04am
Thanks ES and Sky,

This looks like a very interesting system.

will also test on my mini account.

Regards,
J
  • #82
  • Oct 9, 2008 5:15am Oct 9, 2008 5:15am
Quoting imad
hi ES
i had a draw down about 40 pip in this trades based on your strategy , but it end up to be profitable
regards

Hell imad, that looks good
  • #83
  • Oct 9, 2008 5:17am Oct 9, 2008 5:17am
Quoting deefx
Thanks Sky but how do you read these pls? Is it by placing cursur on the + or - ? A little layman explanation will be appreciated

Thanks
I think it's quite self-explaining if you read the ES Trader strategy behind this indicator
If there is a '+' then the currency is strenghten , if there's a '-' the currency is weaken, if there's a '=' the currency is stable.
Our goal , as far as understand , is to buy strong currency (+) and sell weak currency(-)
Hope this clarify a little bit
  • #84
  • Oct 9, 2008 5:20am Oct 9, 2008 5:20am
I dont understand how you can say that one currensi is strong and then go long what if bouth currensis in tex gbp/usd is strong ?


best regards
  • #85
  • Oct 9, 2008 5:25am Oct 9, 2008 5:25am
http://www.forexfactory.com/showpost...2&postcount=36
  • #86
  • Oct 9, 2008 5:33am Oct 9, 2008 5:33am
Quoting jgadefelth
I dont understand how you can say that one currensi is strong and then go long what if bouth currensis in tex gbp/usd is strong ?


best regards
You have to pick one strong (+) and one weak (-) and trade accordingly.
You don't want to trade two strong currency nor two weak currency , so in you example you simply don't trade GBP/USD if both are +
For example if you have USD(+) and EUR(-) this means you have to sell EUR and buy USD, so you go short EURUSD.

Hope this help you
  • #87
  • Oct 9, 2008 5:52am Oct 9, 2008 5:52am
ok that i understand so the whole system is just looking for weak and strong pairs what areas makes them stron or weak ?


best regards
  • #88
  • Oct 9, 2008 6:18am Oct 9, 2008 6:18am
This new version doesn't have the + - or = symbols? That was quite useful.

Quoting skyline
http://www.forexfactory.com/showpost...2&postcount=36
  • #89
  • Oct 9, 2008 6:32am Oct 9, 2008 6:32am
Quoting BenQ
This new version doesn't have the + - or = symbols? That was quite useful.
Yes symbols are still there, I simply fixed a paint issue in new version.
  • #90
  • Oct 9, 2008 6:40am Oct 9, 2008 6:40am
Quoting skyline
Yes symbols are still there, I simply fixed a paint issue in new version.

Sky, the new version also do not show the + and - on my system (IBFX).
  • #91
  • Oct 9, 2008 6:51am Oct 9, 2008 6:51am
Mine isn't displaying symbols.

Quoting skyline
Yes symbols are still there, I simply fixed a paint issue in new version.
  • #92
  • Oct 9, 2008 6:53am Oct 9, 2008 6:53am
Quoting skyline
You have to pick one strong (+) and one weak (-) and trade accordingly.
You don't want to trade two strong currency nor two weak currency , so in you example you simply don't trade GBP/USD if both are +
For example if you have USD(+) and EUR(-) this means you have to sell EUR and buy USD, so you go short EURUSD.

Hope this help you
Sky,

So from my chart, I will buy eur, aud, nzd and leave all the other currencies out since all of them show -(minus)? ......or
do i buy the currencies above the 0 line and sell those below 0 line?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm240.gif Size: 14 KB
  • #93
  • Oct 9, 2008 7:17am Oct 9, 2008 7:17am
Quoting BenQ
Mine isn't displaying symbols.
That's strange I'm looking at my IBFX charts and symbols are there
Will check again... I put v1.0.2 also on my FXDD account and it's show symbols as usual, please close and reopen plaftorm and indicator should be ok.
  • #94
  • Oct 9, 2008 7:28am Oct 9, 2008 7:28am
Quoting Jnita
Sky,

So from my chart, I will buy eur, aud, nzd and leave all the other currencies out since all of them show -(minus)? ......or
do i buy the currencies above the 0 line and sell those below 0 line?

Not exactly.
From you chart :

You will buy EUR and sell GBP (thus long EURGBP)
You will buy EUR and sell CHF (thus long EURCHF)
You will buy EUR and sell CAD (thus long EURCHF)
You will buy EUR and sell JPY (thus long EURJPY)
... and so on... so you have to do all possible available permutations between strong/weak currencies.

Moreover symbols '+' and '-' aren't refered to the positive/negative value of CCFp but they are referred to the difference between the last 2 closed candles, if you read from first post it's well explained.
  • #95
  • Oct 9, 2008 7:31am Oct 9, 2008 7:31am
ES Trader,

Thanks for sharing this. I opened up 4 trades shortly after 8 EDT this morning. In 19 minutes I had made 134 pips!!

I like this for a variety of reasons. You don't have to be glued to the charts. You can make several trades per day. So easy to learn.

Carol

Skyline,

Thanks for the indicator. Version 2 is working fine on my IBFX.

Carol
  • #96
  • Oct 9, 2008 7:36am Oct 9, 2008 7:36am
No, still no symbols. Jnita reported the same thing a couple posts above.

Quoting skyline
That's strange I'm looking at my IBFX charts and symbols are there
Will check again... I put v1.0.2 also on my FXDD account and it's show symbols as usual, please close and reopen plaftorm and indicator should be ok.
  • #97
  • Oct 9, 2008 7:40am Oct 9, 2008 7:40am
Quoting BenQ
No, still no symbols. Jnita reported the same thing a couple posts above.
Do you renamed it ? Do you have some error in journal/expert tab ?
Try to compile it , close and reopen platform, remove indicator and put it again on a fresh chart. It should works !
  • #98
  • Oct 9, 2008 7:43am Oct 9, 2008 7:43am
Quoting BenQ
No, still no symbols. Jnita reported the same thing a couple posts above.

also still no symbols here. I have opened - reopened..... no change.
  • #99
  • Oct 9, 2008 7:48am Oct 9, 2008 7:48am
I found my problem -- maybe same for you Jnita. I had both v101 and 102 on the chart so I could compare any differences. When I deleted v101 the symbols appeared on the new v102. Try that, Jnita.
  • #100
  • Oct 9, 2008 7:48am Oct 9, 2008 7:48am
Quoting BenQ
No, still no symbols. Jnita reported the same thing a couple posts above.

BenQ,

I have removed v1 and now v2 is showing the + -

LOL- great minds think alike. Just saw your post, yep that sorts it.
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