Trading system using relative strength | Page 13 | 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

  • #241
  • Oct 10, 2008 10:21am Oct 10, 2008 10:21am
Basically, you're checking to see if the indicator values have increased or decreased over the last 2 completed bars. If it's increased then the currency would be a buy. If it's decreased over the last 2 completed bars, you would sell.

Quoting matrixebiz
but checking the difference of the two bars doesn't relate to if bar2 is less or greater than bar1.

bar 2 subtract bar 1 could be 0.0034, what does that have to do anything with checking if bar2<bar1?
  • #242
  • Oct 10, 2008 10:28am Oct 10, 2008 10:28am
Quoting Eureka
Basically, you're checking to see if the indicator values have increased or decreased over the last 2 completed bars. If it's increased then the currency would be a buy. If it's decreased over the last 2 completed bars, you would sell.
Ok, that's what I thought, subtracting the two to get the difference is pointless. Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #243
  • Oct 10, 2008 10:32am Oct 10, 2008 10:32am
The problem I find with this system is that once you've determined a + (positive) currency (bar2<bar1) , 8 hours has gone past of it rising and you hope (betting) it will continue to rise. Would seem to be that you are late in entering a Buy on this currency because it will most definitely start reversing soon but if it is working then so be it
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #244
  • Oct 10, 2008 10:43am Oct 10, 2008 10:43am
I'm sure market conditions are a big influence on how crazy this has been, but I have made over 2000 pips in the last couple days with this method. Each 4 hour I clear my trades and start over selecting trades just based upon the + and - the CCFp indicator shows. Every session has been positive pips! I probably would have made more if I left trades overnight or when I was away from my screen.
  • #245
  • Oct 10, 2008 10:46am Oct 10, 2008 10:46am
Quoting mitchp
I'm sure market conditions are a big influence on how crazy this has been, but I have made over 2000 pips in the last couple days with this method. Each 4 hour I clear my trades and start over selecting trades just based upon the + and - the CCFp indicator shows. Every session has been positive pips! I probably would have made more if I left trades overnight or when I was away from my screen.
and you still only enter within the first 15 min of bar opening?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #246
  • Oct 10, 2008 10:50am Oct 10, 2008 10:50am
I try to, but I have entered up to an hour after the new bar and still made money.
  • #247
  • Oct 10, 2008 10:57am Oct 10, 2008 10:57am
What kind of S/L are you using?

Quoting mitchp
I try to, but I have entered up to an hour after the new bar and still made money.
  • #248
  • Oct 10, 2008 11:01am Oct 10, 2008 11:01am
ES Trader has mentioned that all the pairs offerred by your broker should be traded. Probably 12 to 14 pairs at a time.

While so much development efforts are going on, I suggest developing a script as follows:


INPUT PARAMETERS:

List of pairs offerred by your broker - (one time update for each broker)

Max spread allowed for each pair (input according to your broker a max value to avoid accidental trading in volatile hours)

Currency value +/- (shown by the indicator)

Based on the above +/- values keyed in for each currency, the script would create the pairs and direction to be traded and accordingly place the order for the pairs available with your broker.


For instance + can have a value of 1 and - can have a value of -1, if the total for available pairs (+1 and -1) is 0, trade for that pair is valid. Similarly a condition to check the direction of the trade for the pair would be required.

Just a thought.


While I am posting this suggestion, I will take this opportunity to ask whether there is a "one click" method to download all the attachments from the attachment popup.


TF



TF
  • #249
  • Edited 12:05pm Oct 10, 2008 11:29am | Edited 12:05pm
Anyone bought AUDJPY right now? not doing so good

EDIT: nevermind, turned around into profit it can't be that easy can it?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #250
  • Oct 10, 2008 11:47am Oct 10, 2008 11:47am
Quoting TradeForexFx
ES Trader has mentioned that all the pairs offerred by your broker should be traded. Probably 12 to 14 pairs at a time.

While so much development efforts are going on, I suggest developing a script as follows:


INPUT PARAMETERS:

List of pairs offerred by your broker - (one time update for each broker)

Max spread allowed for each pair (input according to your broker a max value to avoid accidental trading in volatile hours)

Currency value +/- (shown by the indicator)

Based on the above +/- values keyed in for each currency, the script would create the pairs and direction to be traded and accordingly place the order for the pairs available with your broker.


For instance + can have a value of 1 and - can have a value of -1, if the total for available pairs (+1 and -1) is 0, trade for that pair is valid. Similarly a condition to check the direction of the trade for the pair would be required.

Just a thought.


While I am posting this suggestion, I will take this opportunity to ask whether there is a "one click" method to download all the attachments from the attachment popup.


TF



TF
Hi TF

This is an excellent idea, if one of best coder in this thread can write a script placing orders based on +/-, it will become very usefull tool.

Thanks FFCanada.
  • #251
  • Oct 10, 2008 12:06pm Oct 10, 2008 12:06pm
I have made an extensive study and testing of this method incorrelation of my Basket Trading Strategy for almost a year, i have developed indicators and EA for this method and if ES trader agree i will make it available to the readers of this thread. Some pointers that should be consider when using the CCFp that this indic is a memory hog. It will freeze your screen every now and then. I have tried to reduce the number of bars in the loop to a bare minimum but still it hangs. the indicator that i develop will produce/draw an arrow either of if the pair crosses the zero line or the two pairs you are monitoring crosses each other also you fit the topmost ccy against the lowermost and many other which u can innovate. The EA will trade opposing pairs. This EA would have been included in the current ATC championship but i withdraw it because it needs to be attached to all the 14 pairs but they only allow EA attchement to 1 chart. All of this will be made available to reader in ET approval but only in .ex4 format.
Trader101
  • #252
  • Oct 10, 2008 12:26pm Oct 10, 2008 12:26pm
Welcome (back) trader 101. I see that you have also appreciated Orest in his thread taking forward your tremendous system.

It would have been so nice if you simply continued your thread and taught us the ins and outs of your system and also the phases 2 and 3 as you had mentioned. You could have just ignored the unwarranted questions or as you had decided at the end of the thread, have an open/close type of a thread.

You were also developing a pdf file giving out the system....

Appreciate if you could think it over once again and perhaps once again start a dedicated thread for your system, with your terms strictly implemented.

With the wonderful things happenning for us at this thread, with orest, trendchases and yourself, many of us here are highly grateful to all of you as well as forexfactory.


TF
  • #253
  • Oct 10, 2008 12:43pm Oct 10, 2008 12:43pm
As ES trader has explained, this system is extremely simple. It can be understood by even a five year old, which is very true.

Let us not clutter this thread with other systems.

Perhaps EAs, indicators etc related to other systems can be posted, with documentation for the systems posted as attachments. Any discussions about any other system should be avoided, best discussed in their own dedicated thread.

Also let us try to keep the wonderful ea/indic developments posted here limited to those which will directly help the original "trading system using relative strength" as described by ES Trader and any variations/suggestions approved by ES.

Just a thought.

TF
  • #254
  • Oct 10, 2008 1:01pm Oct 10, 2008 1:01pm
Quoting ES Trader
Thanks for all the input.
But I see lot of mis information. I saw some one saying if Euro is strong and Usd is weak to sell eurusd. That is not true. It should be buy eurusd.

I also see too many indicators causing too much confusion.

Guys, it is so very simple even a 5th grader can do it. JUST LOOK Visually the LAST two Completed pair in the data window and figure out which is strong and which is weak. Then look at all the currency pairs offered by your broker and put the trade.

Of course do not put pair with similar polarity. For eg if both eur and usd is weak. then there is no traad on eurusd. It is very Simple system guys. Life is already a mess and dont make it even more tough.
I also see guys picking one or two pairs and trying it out. It does not work well. Put in trades on ALL the currency pairs offered by your broker.
thanks
Kris
Look at the trades I took 15 minutes ago.Is alredy up $300.00
ES.

as you know this happens to every system that is posted. smart arses have to start complicating things.

Its superb, keep it that way
  • #255
  • Oct 10, 2008 1:11pm Oct 10, 2008 1:11pm
just 5 minut ago put in another trade. Is already in positive territory.will see where it goes
Attached Image (click to enlarge)
Click to Enlarge Name: c15.gif Size: 53 KB
  • #256
  • Oct 10, 2008 1:18pm Oct 10, 2008 1:18pm
Ok Here is the trade of the 20:00 (GMT+2). Let see.
Attached Image (click to enlarge)
Click to Enlarge Name: trade_20,00.jpg Size: 292 KB
  • #257
  • Oct 10, 2008 1:24pm Oct 10, 2008 1:24pm
ok...+200 in15 mins..
Attached Image (click to enlarge)
Click to Enlarge Name: trade_20,00_200prof.jpg Size: 285 KB
  • #258
  • Oct 10, 2008 1:25pm Oct 10, 2008 1:25pm
HI 101.
Thanks for checking out my system. I would like to try out your EA myself before you put it here. Can you please email me the EA. I want to keep this system as simple as possible. Infact it takes me less than 5 min to enter all the trades especially after I put in Modified indicator of CCfp on the chart(with + and-)

Hope you do not get upset with my suggestion.

Incidentally the trade I put just 10 minutes ago is showing profit of $400.00. Can it be really true. Woh!I cant believe my own eyes
  • #259
  • Edited 1:36pm Oct 10, 2008 1:35pm | Edited 1:36pm
Quoting ES Trader
just 5 minut ago put in another trade. Is already in positive territory.will see where it goes
my data window has

+'ve usd,gbp, nz

-'ve eu chf jpy aud cad


TRADES NOW RUNNING

you have got a sell usd/chf + -

buy aud/ usd - +

buy gbp/usd + +

sell eu/aud - -

buy aud/cad - -

plus a couple more trades against my data,


Can we have dfferent data?
  • #260
  • Oct 10, 2008 1:42pm Oct 10, 2008 1:42pm
fourx,
yes the data can be different sometimes. I am using alpari and Ibfx.I dont know which one you have.

I would like to suggest people to use Profit Lock Ea,s which was introduced by 101 in his forum.THese trades in my system eventhough makes lot of profit, it can turn around in a jiffy. Good to lock in your profit.
Thanks
Kris
0 traders viewing now