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Trading system using relative strength

  • #541
  • Oct 13, 2008 12:06am Oct 13, 2008 12:06am
Quoting ES Trader
There we go Again!! Woh! Converting this simple system into more and more complicated.

Guys/Gals.

Repeat after me :

THERE IS NO HOLY GRAIL SYSTEM THAT IS GOING TO CONSISTENTLY MAKE MONEY WHATEVER WE DO"

So let,s all join together and trade this system live or in demo account JUST the way I said, in my FIRST post for ONE week. Then at the end of the week if not satisfied everyone is welcome to go their own way and start their own thread and I will close this and concentrate in my own trading.
Is it a Deal.?

Hope so

Thanks
Kris
I agree with you ES Trader, less talk more action !
  • #542
  • Oct 13, 2008 12:09am Oct 13, 2008 12:09am
I have entered for trade comparing asia 4 hour first candle and second
candle

trade on the third candle which will be UK session also
  • #543
  • Oct 13, 2008 12:11am Oct 13, 2008 12:11am
Indicator only works on one timeframe, H1. I keep getting a zero divide error whenever I choose another timeframe besides H1?

Please advise,

TimeFreedom

Quoting FerruFx
Here's attached an indicator I just finished. It calculates the difference between the 2 previous bars for each currency based on the exact same CCFp calculation.

The results is displayed with colored squares from 1 to 10.

You can select the pairs you want to trade and it will tell you BUY, SELL or NO TRADE.

A "trade level" from 1 to 10 will filter the difference you want to be reached before trade allowed.

Note: this isn't an EA ... just an indicator.

Hope that helps to visualize this setup.

FerruFx
  • #544
  • Oct 13, 2008 12:11am Oct 13, 2008 12:11am
+100 pip profit
  • #545
  • Oct 13, 2008 12:12am Oct 13, 2008 12:12am
+300 pip
  • #546
  • Oct 13, 2008 12:13am Oct 13, 2008 12:13am
across the board eu is weak
  • #547
  • Oct 13, 2008 12:13am Oct 13, 2008 12:13am
for some reason my trades are doing much better without the GBYJPY.
  • #548
  • Oct 13, 2008 12:13am Oct 13, 2008 12:13am
+400 pip
  • #549
  • Oct 13, 2008 12:16am Oct 13, 2008 12:16am
Harigp,

Can you post either your + & - or your buys. I'd like to compare them to mine - I'm not fairing so well so far.

Thanks
Mitch
  • #550
  • Oct 13, 2008 12:20am Oct 13, 2008 12:20am
by mistake I added one more zero in pip it is +30 and later +40
  • #551
  • Oct 13, 2008 12:23am Oct 13, 2008 12:23am
FerruFX

..........thanks for the Indicator in post #537! This will help to make things easier. IMO

Thanks a bunch!
  • #552
  • Oct 13, 2008 12:48am Oct 13, 2008 12:48am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Pipo
FerruFx, thanks mate I was hopeing you would do something for us but that tops my expectation. If anyone in here doesn't know of FerruFX great indicators or contribution to the Forex Community just Google him you will find it.
Thanks for your kind words. Very much appreciated.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #553
  • Oct 13, 2008 12:50am Oct 13, 2008 12:50am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting sonicdeejay
Do u need to attach orignial CCFP indi as well...
My chart doesn't load as u shave shown...

Thx

Sonic


EDIT:: working now..I attached CCFP original indi as well...
Absolutely NO need to attach the original CCFp to work. Mine is completly autonome and all calculation is coded inside (no call the CCFp).

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #554
  • Oct 13, 2008 12:55am Oct 13, 2008 12:55am
Quoting Desginer
Thanks FerruFx for the indicator,

Correct me if i'm wrong, based on the general rules of this method, EUR/USD should Buy now, right ?
Then i try manually to Buy.
Although CCfP-Diff still show No-Trade in EUR/USD.

I wonder if CCfP-Diff will change according to price movement, we'll see.
Set to a lower trade level of <5, trade level 5 is the default.
  • #555
  • Oct 13, 2008 12:55am Oct 13, 2008 12:55am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting goldcourse
FerruFX,

Thanks for the useful indi. I got a question.....

The "trade level" from 1 to 10.... what's it based on?

Tks/Rgds
Vincent
The difference between the CCFp value (2 last bars) is multiplied x 1000 and rounded. It gives us a better viewing than values like 0.0006 or so.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #556
  • Oct 13, 2008 12:58am Oct 13, 2008 12:58am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Desginer
Thanks FerruFx for the indicator,

Correct me if i'm wrong, based on the general rules of this method, EUR/USD should Buy now, right ?
Then i try manually to Buy.
Although CCfP-Diff still show No-Trade in EUR/USD.

I wonder if CCfP-Diff will change according to price movement, we'll see.
I coded a additional filter to avoid small difference. The default is 5 and surely your NO TRADE is because of the level.

CCFp-Diff doesn't move with the price movement because it is based on the difference of the 2 last CCFp values, not the current ones (respect of the initial rules).

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #557
  • Oct 13, 2008 1:01am Oct 13, 2008 1:01am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting TimeFreedom
Indicator only works on one timeframe, H1. I keep getting a zero divide error whenever I choose another timeframe besides H1?

Please advise,

TimeFreedom
The CCFp-Diff works on any TF. The first apply you may have a 0 divide due to the refreshing of all pairs. Some of them may don't have datas in your platform. Let few minutes to your platform to refresh correctly. I noticed this on my pc too and all is fine after this.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #558
  • Oct 13, 2008 1:02am Oct 13, 2008 1:02am
ibfx 4h bar started 2 hours ago
i opened the trades
closed now for 248 pips

pretty interesting method
ill test it for a bit then ill try this sucker with big money on a real just for the hell of it
  • #559
  • Oct 13, 2008 1:04am Oct 13, 2008 1:04am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Thanks all for your support!

FerruFx

PS: sorry if sometimes I won't answer as quick as needed ... I am busy. Thanks.
MT4/MT5 EAs/Indicators/Alerts coder
  • #560
  • Oct 13, 2008 1:05am Oct 13, 2008 1:05am
Thanx FerruFx

i open the indicater and get all pairs NO TRADE

is it not work yet??
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
Never sell @ lower upward channel unless breacked and vise versa .
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