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Trading system using relative strength

  • #561
  • Oct 13, 2008 1:08am Oct 13, 2008 1:08am
The trade of 00.00 still not finished, is in negative for the moment (-300€). Trade of 04:00 got sl (-580€ / 5% of the acc.).Here's the trade from 08:00 GMT +2.
Attached Image (click to enlarge)
Click to Enlarge Name: 13-10-08_08,00.jpg Size: 288 KB
  • #562
  • Oct 13, 2008 1:08am Oct 13, 2008 1:08am
Thanks ES for sharing your way of trading

I'm waiting for the new 4hr bar on my Al Trade MT4 platform which is at 9:00am my local time.
I'm not sure about the values of +/-, will they be usable on my platform too or do we all have to stick to one MT4 to get the same values ?

Now i have the values as the attached pic.



Thanks

TS
Attached Image (click to enlarge)
Click to Enlarge Name: cc.jpg Size: 75 KB
  • #563
  • Oct 13, 2008 1:11am Oct 13, 2008 1:11am
Quoting WedWed
Thanx FerruFx

i open the indicater and get all pairs NO TRADE

is it not work yet??
Please set the Trade_Level to a lower value if you want trade with smaller difference.

Trade_Level from 1 to 10 will match with the 10 colored squares in the indicator column.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #564
  • Oct 13, 2008 1:12am Oct 13, 2008 1:12am
00:00 and 04:00 trades are not valid as ES indicated. The valid one is 08:00, after the close of the first two bars.

Quoting Kfx
The trade of 00.00 still not finished, is in negative for the moment (-300€). Trade of 04:00 got sl (-580€ / 5% of the acc.).Here's the trade from 08:00 GMT +2.
  • #565
  • Oct 13, 2008 1:12am Oct 13, 2008 1:12am
Quoting Blackeagle
Same here, all pairs show NO TRADE.
Please read the few last posts. Question was already answered 3 times!

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #566
  • Oct 13, 2008 1:21am Oct 13, 2008 1:21am
GPY IS PULLING THE BASKET DOWN

GPY/JPY -
GPY/CHF-
US/JPY -
US$/CAD +
EU/US$ +
aUD/US$ +
US$/CHF +

+ POSTIVE PIP - NEGATIVE PIP

nOW I AM -40 PIP MY TRADE WAS 3 CANDLE ASIA
  • #567
  • Oct 13, 2008 1:24am Oct 13, 2008 1:24am
Quoting Kfx
The trade of 00.00 still not finished, is in negative for the moment (-300€). Trade of 04:00 got sl (-580€ / 5% of the acc.).Here's the trade from 08:00 GMT +2.
Trade of 08:00 got profit by "2protectaccount" EA (+50), only....
  • #568
  • Oct 13, 2008 1:27am Oct 13, 2008 1:27am
Been as high as -$350, low as -$45
Attached Image (click to enlarge)
Click to Enlarge Name: 10_10.gif Size: 44 KB
  • #569
  • Oct 13, 2008 1:38am Oct 13, 2008 1:38am
i closed at 248 pips
if i kept i woulda been around 350 now
  • #570
  • Oct 13, 2008 1:46am Oct 13, 2008 1:46am
Quoting FerruFx
Please set the Trade_Level to a lower value if you want trade with smaller difference.

Trade_Level from 1 to 10 will match with the 10 colored squares in the indicator column.

FerruFx

thanx for replay.. i get it now
Never sell @ lower upward channel unless breacked and vise versa .
  • #571
  • Oct 13, 2008 1:46am Oct 13, 2008 1:46am
on my indicator window i have

USD -
EUR +
GBP -
CHF +
AUD +
CAD +
JPY -
NZD -

I entered on below trades when it complied with my analisys
BUY Eur/Gbp
BUY Cad/Jpy
BUY Aud/Usd

All Green now
  • #572
  • Oct 13, 2008 1:49am Oct 13, 2008 1:49am
Thanks ES Trader for this great system. Just took 224 pips in less than 30 minutes.
Keep up the good work
Dan
  • #573
  • Oct 13, 2008 1:55am Oct 13, 2008 1:55am
WITH OUT GBP PAIR I AM 332+

The gbp is pulling my pip down
  • #574
  • Oct 13, 2008 2:11am Oct 13, 2008 2:11am
Quoting Blackeagle
00:00 and 04:00 trades are not valid as ES indicated. The valid one is 08:00, after the close of the first two bars.
What are the valid/recommend period??? in term of GMT and EST time....

Sonic
  • #575
  • Oct 13, 2008 2:25am Oct 13, 2008 2:25am
Hi Ronald Raygun,
Thanks for creating an EA for this system

Have you got any trades yet? I am testing your Relative Strength EA and have left default settings on and its just keeps telling me "outside trading times" but hasnt placed a trade. I have followed your instructions to the letter

I am using IBFX mini account.

Not sure if I am doing somethign wrong?

Thanks in advance
Steve
  • #576
  • Oct 13, 2008 2:25am Oct 13, 2008 2:25am
Quoting sonicdeejay
What are the valid/recommend period??? in term of GMT and EST time....

Sonic
I think that the sunday/monday first candles may not be very accurate due to week-end gap.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #577
  • Oct 13, 2008 2:31am Oct 13, 2008 2:31am
Quoting FerruFx
I think that the sunday/monday first candles may not be very accurate due to week-end gap.

FerruFx

I think you must waite 8 hrs (2x 4H candles) after the sunday open, before trading. It makes sense, since it is a new week, and like you said - gaps cause problems.
  • #578
  • Oct 13, 2008 2:34am Oct 13, 2008 2:34am
Quoting Jnita
I think you must waite 8 hrs (2x 4H candles) after the sunday open, before trading. It makes sense, since it is a new week, and like you said - gaps cause problems.
Exactly. The gap will put you in a wrong trade direction. Gap almost always retrace to original point before decide where to go for the week.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #579
  • Oct 13, 2008 2:56am Oct 13, 2008 2:56am
Quoting FerruFx
Exactly. The gap will put you in a wrong trade direction. Gap almost always retrace to original point before decide where to go for the week.

FerruFx
Right now the indicator should be showing a sell on the GBP/AUD right or did I not load it right?

-Sterling

Never mind im dumb lol I figured it out
Founder of Day Trading Forex Live
  • #580
  • Oct 13, 2008 2:57am Oct 13, 2008 2:57am
Quoting FerruFx
Exactly. The gap will put you in a wrong trade direction. Gap almost always retrace to original point before decide where to go for the week.

FerruFx
FerruFx,

Could you please put as an extern double BarsLookedAt = 240;
We would have fexiblity that way.

Thanks.

Bruce
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