Trading system using relative strength | Page 8 | 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

  • #141
  • Oct 9, 2008 5:54pm Oct 9, 2008 5:54pm
Benq,
It is very simple system.Just look for stronger/weaker currency and create as many pairs as you wish or that is allowed by your broker. Trade ALWAY currencies with opposite polarity. If for eg both euro and usd are week dont trade that pair at all. Hope this helps
kris
  • #142
  • Oct 9, 2008 5:57pm Oct 9, 2008 5:57pm
Quoting ES Trader
The trades I put 20 inutes ago is up 80 pips. Let me hang on there for a while.
Thanks skyline, benq and others for all your positive contribution and for answering everyones questions.

I saw that some one had some initial loss but later turned into positive. That has been my experiance. So far ALL my trades have been positive.
Kris
Hi Kris. You trade always the 14 pairs?
  • #143
  • Oct 9, 2008 5:59pm Oct 9, 2008 5:59pm
Benq, You are absolutely right. The chart does show all positive. I did not look at +and _ at all. I just visually compared the values on data window .May be there is something wrong on indicator on my chart.i will delete and reinsert.
I have usd,eur.chf and jpy as strong, gbp,aud,cad and nzd as week.
kris
  • #144
  • Oct 9, 2008 6:00pm Oct 9, 2008 6:00pm
Quoting shiva
MrPip! Glad to see you got yer nickname back
It did not matter that much. I do not mind using my real name.
It is useful thogh as so many know me as MrPip since 2004.
I just hope my Password still works.
Makes me nervous to log off.
Robert
  • #145
  • Oct 9, 2008 6:01pm Oct 9, 2008 6:01pm
now making 150 pips
Attached Image (click to enlarge)
Click to Enlarge Name: cc6.gif Size: 52 KB
  • #146
  • Oct 9, 2008 6:09pm Oct 9, 2008 6:09pm
closed with 239 pips. not bad for half hr work. I am sure it will go up more.One can use profit lock scripts that was given by 101 trader.
Attached Image (click to enlarge)
Click to Enlarge Name: cc7.gif Size: 50 KB
  • #147
  • Oct 9, 2008 6:24pm Oct 9, 2008 6:24pm
still going up . now up 430 pips
  • #148
  • Oct 9, 2008 6:27pm Oct 9, 2008 6:27pm
Quoting ES Trader
still going up . now up 430 pips
How long do you normally let trades run for?
  • #149
  • Oct 9, 2008 6:40pm Oct 9, 2008 6:40pm
Thanks ES for sharing your stategy. I read 101's post (using 14 IBFX pairs)and have tried something similar to what you are doing. I look to see if 10 out of the 14 are either red (short) or green (long) on the hourly. Still to soon to tell if this will work. I am shooting for 1000 pips with a stop of 500 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: watermelon trades.jpg Size: 227 KB
  • #150
  • Oct 9, 2008 6:44pm Oct 9, 2008 6:44pm
When the indicator shows a currency getting stronger/weaker over the last 2 4hr bars, is there a minimum change we look for?

For example:the last 2 completed 4hr bars on my IBFX chart showed the JPY getting noticeably stronger and the CAD getting noticeably weaker.

Is this a better setup when they are like this?
  • #151
  • Oct 9, 2008 6:54pm Oct 9, 2008 6:54pm
Hi All,

Interesting thread. Has anyone used this indicator on another time frame like, daily or 1 hr?
  • #152
  • Oct 9, 2008 6:58pm Oct 9, 2008 6:58pm
woh! up 1300 pips.
  • #153
  • Oct 9, 2008 7:13pm Oct 9, 2008 7:13pm
see where it is now!!1380 pips plus
Attached Image (click to enlarge)
Click to Enlarge Name: cc8.gif Size: 50 KB
  • #154
  • Oct 9, 2008 7:17pm Oct 9, 2008 7:17pm
margin for these trades just $70, Incidentally profit now is up 2100 pips.
  • #155
  • Oct 9, 2008 7:19pm Oct 9, 2008 7:19pm
Quoting ES Trader
margin for these trades just $70, Incidentally profit now is up 2100 pips.
Take as much as you can, this whole subprime mess is really what's helping the markets move a lot. Japan had a similar scare last november. That's how I made so much money.
  • #156
  • Oct 9, 2008 7:36pm Oct 9, 2008 7:36pm
ES Trader,

Firstly, I want to thank you for sharing this strategy with all of us.

My questions...

1).Do you take another opposite trade if the polarity of the same pair changed?

2).Do you hold on to floating negative trades after the new 4HR bar?

Appreciate your reply on the above questions.

Thanks

Vincent
  • #157
  • Oct 9, 2008 7:53pm Oct 9, 2008 7:53pm
no to first and yes to second
  • #158
  • Oct 9, 2008 8:06pm Oct 9, 2008 8:06pm
Quoting ES Trader
no to first and yes to second
Thanks
  • #159
  • Oct 9, 2008 8:20pm Oct 9, 2008 8:20pm
Quoting MrPip
I am attaching a modified version that adds whatever character is required by the broker.

Basically looks at the lenght of Symbol and if it equals 7 uses the 7th character to add to the symbol names.

So now if the symbol is an "m" it will add an "m", if an "x" it will add an "x".

No other changes were made.
Robert aka MrPip
Hi Folks !

It would be fine to add an alert which indicates a change from weaker to stronger trend of a currency and viceversa.

Happy Pippin

Bernhard
  • #160
  • Oct 9, 2008 8:57pm Oct 9, 2008 8:57pm
Any chance of getting this indy to suggest pairs to trade and whether to sell or buy?
1 trader viewing now