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Trading system using relative strength

  • #261
  • Oct 10, 2008 1:42pm Oct 10, 2008 1:42pm
Quoting TradeForexFx
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
I never stop teaching my method after the close of the thread there. I just move to a smaller stage in my journal "Signals for Simplicity" thinking of hiding for you guys...LOL.. Come to my provincial setting of personal journal that is the new rebel base of Endor..LOL
  • #262
  • Oct 10, 2008 1:43pm Oct 10, 2008 1:43pm
Quoting ES Trader
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
Hope so, but my problem is knowing when to get out was up $40 on AUDJPY now down -$180 damn
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #263
  • Oct 10, 2008 1:45pm Oct 10, 2008 1:45pm
Fourx,
One more thing I would do is Visually look at the numbers on the data window and confirm the currency is strong/weak. Dont just depend on + and _. Sometimes they seem to be repainting.
Thanks
Kris
  • #264
  • Oct 10, 2008 1:48pm Oct 10, 2008 1:48pm
Quoting ES Trader
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
LOL.. its your house, its you who should get upset of me, dont like to steal your thunder, here ot help man. I will E- mail it to you with the instruction. And you can test it if you like adopt it if not just throw it away.
Julius
  • #265
  • Oct 10, 2008 1:49pm Oct 10, 2008 1:49pm
ES congratulations on a very nice system. It's simple and it works. I suspect we'll see several EAs to help those who don't want to do the manual system.

Have you tried this on any other timeframes like H1? Or have you found H4 to be the best?

Thanks very much!

Sandy
  • #266
  • Oct 10, 2008 1:49pm Oct 10, 2008 1:49pm
I got stopped by 2AccountProtect EA in profit (343 €)

Max. Profit in this trade ... 430 €
Max. Loss in this tarde ..... -83 €
Attached Image (click to enlarge)
Click to Enlarge Name: trade_20,00_400prof.jpg Size: 292 KB
  • #267
  • Oct 10, 2008 1:50pm Oct 10, 2008 1:50pm
Quoting ES Trader
Good morning,
I just put in another trade 5 minutes ago.It is already positive.
Let me hold for a while and see what happens.The last trade I put in last night made almost 2000 pips overnight.
ES Trader, thank you for sharing this great system. On your alpari platform you entered at around 15:20 which would be around 9:20am est (6 hrs difference) but the 4hr candle for alpari would close at 16:00 which would be 10:00am est. Could you please explain why you entered then or if I am not seeing it right because I know you said to enter about 15 minutes after the 4hr bar closes.
  • #268
  • Oct 10, 2008 1:51pm Oct 10, 2008 1:51pm
Quoting ES Trader
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
So if we have different readings, some could place completely opposite trades?

Worrying!
  • #269
  • Oct 10, 2008 1:56pm Oct 10, 2008 1:56pm
Bogul, You are right. I am sometimes very busy with my work( physician) and hence miss trades. I put the trade when I get about 10 minutes. The greatest thing with 4 hr bar is the trend remains for longer time compared to 1 hr time frame. Hence it works eventhough I dont strictly follow my own suggestion.Hope this helps.
Thanks
Kris
  • #270
  • Oct 10, 2008 2:03pm Oct 10, 2008 2:03pm
Hi 101,
You can "steal my thunder" anytime. I am a very simple person, just intetested in helping everyone that I come across. I feel good when I know I can make some difference in some ones life. After all the money can buy happiness only when it is shared with others. We all come into this world with nothing and leave with nothing.

I am looking forward for your EA.

thanks
Kris
  • #271
  • Oct 10, 2008 2:13pm Oct 10, 2008 2:13pm
this is nanother trade I just entered on Ibfx. Hope it works because market is ready to wind down.
Attached Image (click to enlarge)
Click to Enlarge Name: cc16.gif Size: 53 KB
  • #272
  • Oct 10, 2008 2:15pm Oct 10, 2008 2:15pm
Quoting matrixebiz
Ok, yes, thank you , I understand the rules now but your Buffers 1 and 2 is looking back TWO 4HR bars to get it's values, correct? as per rules and not current bar
CurrentBar would be Bar 0.
Robert
  • #273
  • Oct 10, 2008 2:19pm Oct 10, 2008 2:19pm
can you believe this, !! Took just 5 minutes to turn around !!
Attached Image (click to enlarge)
Click to Enlarge Name: cc17.gif Size: 53 KB
  • #274
  • Oct 10, 2008 2:20pm Oct 10, 2008 2:20pm
MrPip, I like you vertical mod of CCFp. Very nice that it displays the +/- and the differences.

ES, this is indeed a very easy method. What I have trouble with is trying to quickly figure out all the possible combinations and place the trades. Need more practice I guess, or a script that's keyed to the +/-'s. You mentioned using 101's profit lock EA. Did you mean the one called 2ProtectAccount or is there another?
  • #275
  • Oct 10, 2008 2:28pm Oct 10, 2008 2:28pm
benq,
2 protect account for regular account and miniaccount protect EA for mini accounts.Thanks to 101 for giving this valuable tool.
kris
  • #276
  • Oct 10, 2008 2:31pm Oct 10, 2008 2:31pm
Quoting FOURX
So if we have different readings, some could place completely opposite trades?

Worrying!
ES. what do you recommend
  • #277
  • Oct 10, 2008 2:37pm Oct 10, 2008 2:37pm
Is the life going to be easy . I book the contract on time frame 4 hours, go for four hour party and come back lock the profit

Statment attached
Attached File(s)
File Type: zip DetailedStatement.zip   2 KB | 1,216 downloads
  • #278
  • Oct 10, 2008 2:38pm Oct 10, 2008 2:38pm
Quoting ES Trader
benq,
2 protect account for regular account and miniaccount protect EA for mini accounts.Thanks to 101 for giving this valuable tool.
kris
Where can I get the tool or indicator or EA to protect profits in my account?
  • #279
  • Oct 10, 2008 2:44pm Oct 10, 2008 2:44pm
Here's the 2Protect that I've been using. I haven't tried the one for minis, but it's in the 101 thread.

Quoting Bogul
Where can I get the tool or indicator or EA to protect profits in my account?
Attached File(s)
File Type: ex4 2ProtectAccount.ex4   4 KB | 2,345 downloads
  • #280
  • Oct 10, 2008 2:55pm Oct 10, 2008 2:55pm
Thank you ES Trader, and everyone else contributing here.
I was wondering if anyone has a "Trailing Stop Loss for Total Equity" EA. I saw Trader 101's EA, and it is excellent, but it has a fixed target price and incremental increases. I've tried searching for something like I mentioned, but with no luck (maybe I should learn how to program =)

I think it would be a good additional tool for people who couldn't be by their computers more often.

Thanks everyone, Tvanny
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