Trading system using relative strength | Page 6 | 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

  • #101
  • Oct 9, 2008 5:48am Oct 9, 2008 5:48am
instead of using indi try using the index of all majors n see live PA with history n use the info for trading on any TF u like. to get the index open a demo a/c with lite forex. org, see picture attached
Attached Image (click to enlarge)
Click to Enlarge Name: indrx.jpg Size: 337 KB
  • #102
  • Oct 9, 2008 5:51am Oct 9, 2008 5:51am
Quoting BenQ
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.
Good shot BenQ ! Remember to trash completely v1.0.1
  • #103
  • Oct 9, 2008 5:51am Oct 9, 2008 5:51am
Quoting skyline
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.

Thanks Sky, it is more clear now.
  • #104
  • Oct 9, 2008 6:04am Oct 9, 2008 6:04am
Quoting Jnita
Thanks Sky, it is more clear now.
  • #105
  • Oct 9, 2008 6:05am Oct 9, 2008 6:05am
jnita can you pls explain it to me am not sure i get the strategy ?


best regards
  • #106
  • Oct 9, 2008 6:07am Oct 9, 2008 6:07am
Hi guys..I'm new here try to find something that suit me. Thanks a lot for everything Sky..Nice work..
  • #107
  • Oct 9, 2008 6:07am Oct 9, 2008 6:07am
Hi Skyline,

I accidentally notice this indi lags behind price bar. I'm using v1.0.2. If we let price runs and we do not change the current timeframe to another, then this indi stops painting (see the picture below). Would you mind to check it?

Thanks for your contribution to us all.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 12 KB
  • #108
  • Oct 9, 2008 6:19am Oct 9, 2008 6:19am
Quoting availdollars
instead of using indi try using the index of all majors n see live PA with history n use the info for trading on any TF u like. to get the index open a demo a/c with lite forex. org, see picture attached
IMO the indi lags so once again i m requesting to u folks to try the index from lite forex n i sure u,ll be greatful for the live info, also try to compare it with the indi live n u will notice that the indi is giving lagging info or to be harsh it's giving all BS info
check the attachment for live comparision
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
Click to Enlarge Name: indrx.jpg Size: 335 KB
  • #109
  • Oct 9, 2008 6:28am Oct 9, 2008 6:28am
Quoting wiz6
Hi guys..I'm new here try to find something that suit me. Thanks a lot for everything Sky..Nice work..
You have to thank ES Trader , I simply modified an indicator
  • #110
  • Oct 9, 2008 6:37am Oct 9, 2008 6:37am
Quoting availdollars
IMO the indi lags so once again i m requesting to u folks to try the index from lite forex n i sure u,ll be greatful for the live info, also try to compare it with the indi live n u will notice that the indi is giving lagging info or to be harsh it's giving all BS info
check the attachment for live comparision
Hi. I just sent you a PM.
  • #111
  • Oct 9, 2008 6:45am Oct 9, 2008 6:45am
Quoting Myth
Hi Skyline,

I accidentally notice this indi lags behind price bar. I'm using v1.0.2. If we let price runs and we do not change the current timeframe to another, then this indi stops painting (see the picture below). Would you mind to check it?

Thanks for your contribution to us all.
Yes Myth I noticed too that issue , this is something coded in the original CCFp version , btw I'll check and try to fix it
  • #112
  • Oct 9, 2008 6:48am Oct 9, 2008 6:48am
Wahnone


check PM reply
  • #113
  • Oct 9, 2008 8:45am Oct 9, 2008 8:45am
Just to update, I've used this twice and won both times. Still trying to figure out how much to put on each trade and when to TP and SL. I went into drawdown about 2% this morning but held on and made 3% on demo.
Life is too short to have anything but delusional notions about yourself.
  • #114
  • Oct 9, 2008 9:24am Oct 9, 2008 9:24am
I love this system!! I just made another 42 pips. I've made 176 pips today!!! Last week, I couldn't even make 20 pips. LOL

I'm getting in and our fairly quickly. I'm sure I could make more, but I'm happy with this. Just need to find an acceptable sl. The 2 - 3% of the account would probably work just fine.

Carol
  • #115
  • Oct 9, 2008 9:54am Oct 9, 2008 9:54am
ES Trader,

thanks for the method.
I would love to test it, but have a problem with the indicator.
The indicator window is showing only the color coding
in the upper left hand corner. Can anybody suggest what could be the problem?

Thank you
  • #116
  • Oct 9, 2008 10:42am Oct 9, 2008 10:42am
Eureka can you please explain how you trade this system im not sure im understand it ?


best regards
  • #117
  • Edited 11:04am Oct 9, 2008 10:47am | Edited 11:04am
Quoting jgadefelth
jnita can you pls explain it to me am not sure i get the strategy ?


best regards

Sorry, was offline for awhile.

The way I understand it (refer to my uploaded chart pls)

5 - 15 min into the new 4H candle you would look at the indi and take note of the + and - displayed below the various currencies.

In my charts case:
usd -
eur -
gbp -
chf -
aud +
cad -
jpy +
nzd +

so lets say the time is now ± 10 min since the new 4H candle started and the indi reading is as above:

you would not trade the usd, eur, gbp, chf, cad ... nor would you trader aud, jpy, nzd in their respective currency pairs with each other, because the signs are the same.

you would have traded the following pairs:
eur/aud sell .... the eur was weaker over the last 2 4H bars than the aud
eur/jpy sell .... the eur was weaker over the last 2 4H bars than the jpy
eur/nzd sell ...... and so forth
gbp/aud sell
gbp/jpy sell
gbp/nzd sell
aud/chf buy ... the aud was stronger over the last 2 4H bars than the chf
chf/jpy sell
nzd/chf buy

This is how I understand the explanation. I did trade accordingly to it, was in profit + 100 pips, and then it turned ... I closed all my pairs before the 4H candle was finished, since it seems that TP and SL is your own choice.

You could trade new sets of currency pairs every 4 hours if you so wish.

ES trader and Sky, if you happen to read this post and I am incorrect, pls assist.

Ps> I know i unfortunately saved my image in a 1H chart (was busy with trendlines, when I capture the image), it is suppose to be 4H ... but the basics should be the same.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm240 expl.gif Size: 14 KB
  • #118
  • Oct 9, 2008 10:53am Oct 9, 2008 10:53am
jnita,

Look at your chart, it's for 1H. This system was designed to take the readings from the 4H chart.

Mitch
  • #119
  • Oct 9, 2008 11:00am Oct 9, 2008 11:00am
Quoting mitchp
jnita,

Look at your chart, it's for 1H. This system was designed to take the readings from the 4H chart.

Mitch

Yes thanks i saw, but I was busy checking my 1H and forgot to change it back to 4H before saving the chart.

Sorry for the confusion. I try to edit the image.
  • #120
  • Oct 9, 2008 11:03am Oct 9, 2008 11:03am
When you buy Eur/Usd, you are buying Eur and Selling Usd. The +/- symbols on the indicator would have to be + under Eur and - (minus) under Usd.

If the signs were reversed and the indicator had a - (minus) under Eur and + under Usd, then you would sell.
So you would be selling the Eur and buying the Usd.

I don't know if I have explained it very well or not. If not, maybe someone else could explain.

Carol


Quoting jgadefelth
Eureka can you please explain how you trade this system im not sure im understand it ?


best regards
2 traders viewing now