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Trading system using relative strength

  • #641
  • Oct 13, 2008 8:41am Oct 13, 2008 8:41am
Quoting nubchai
My first basket at fxdd is still negative but coming back. Decided to let it run out of curiosity. I know this breaks the rules.

Opened 2nd basket at fxdd. Also the RR ea trades opened
I'm not having good results with FXDD either. I don't think they're a good broker to use with this method as it doesn't have too many pairs. It's missing alot of pairs. I have a basket now of only 8 pairs and that's all, and they're in the negative so far. Paris
  • #642
  • Oct 13, 2008 8:43am Oct 13, 2008 8:43am
Quoting ES Trader
Go Ahead Harigp.
Thanks for the offer.
Eventually when I have time I want to move only few Indicators and Ea in the first Post and delete the rest.So there is no duplication.
Thanks
Kris
Amen, if everyone was trading with the same indicators or the same EA, and then shared there success of why they entered, how much they won/loss we would accomplish alot more here.
  • #643
  • Oct 13, 2008 8:44am Oct 13, 2008 8:44am
If any one is intersted in knowing, I have been using ONLY one indicator for all my trades.No other fancy stuff. The indicator is CCFP v.1.0.2b
Kris
  • #644
  • Oct 13, 2008 8:46am Oct 13, 2008 8:46am
Quoting azjeff
Terrific work as always. This thread is lucky to have you contributing in it.
Thanks (you and all) for your support. Again ... very much appreciated.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #645
  • Oct 13, 2008 8:48am Oct 13, 2008 8:48am
ES Trader, I'm using the same setup. Just v1.0.2b. Today I had time to get one signal from InterbankFX and one from FXDD. Placed both in Oanda and increased balance by nearly 2% in approx 2 hours. Thx again! Wish I had more time but gotta sleep now. Good luck everyone.
  • #646
  • Oct 13, 2008 8:48am Oct 13, 2008 8:48am
Quoting ES Trader
If any one is intersted in knowing, I have been using ONLY one indicator for all my trades.No other fancy stuff. The indicator is CCFP v.1.0.2b
Kris

my frind i am alsoo youse only this indicator Plus spreerdshet of Pip..
i got on 16:00 Gmt trade this list



Just i want to make sure i am in right way


Thanx all here
Attached Image (click to enlarge)
Click to Enlarge Name: allsale.jpg Size: 153 KB
Never sell @ lower upward channel unless breacked and vise versa .
  • #647
  • Oct 13, 2008 8:58am Oct 13, 2008 8:58am
Look in the EXPERTS tab, and see if it said there was a strong and weak base for each pair you wanted. Post the statrtup messages, and we'll see.

You may have made a typo, or you may not have all the pairs on your broker.

Ron(ForexMT4)



Quoting matrixebiz
Great scripts but it only did some Buys
The signals are
EUR,AUD,CAD + and the others -. There should have been some Sells.USDCAD, GBPAUD and GBPCAD that didn't show up. Missed some Buys also, AUDNZD, AUDCHF and EURNZD
  • #648
  • Oct 13, 2008 9:04am Oct 13, 2008 9:04am
Nice system ES Trader,

I saw your attachment in demo live, do you or anyone here test with real account?

Can this system be tested using back test? Since it is basically set and forget system and price action, an EA should be able to do back test right?

Anyone try it? I know at this moment it is MultiCurrrency but anyone test at least one or two currency to see if the system is not only works during current market movement?

I try to do backtest too, but nice if anyone also can feedback if there is already some tested.
  • #649
  • Oct 13, 2008 9:14am Oct 13, 2008 9:14am
Well my FXDD demo account is now down -900+. Even the pairs selected by the Raygun ea are down. I used the manual system for a second set or orders. I'll try aagain at noon. Think I may blow this account unless thse pairs turn around. I'll try again on the next 4 hour candle.
  • #650
  • Oct 13, 2008 9:20am Oct 13, 2008 9:20am
My FXDD trades are currently at -$200. My account has decrease by nearly $1700 since last night.
  • #651
  • Oct 13, 2008 9:26am Oct 13, 2008 9:26am
Quoting mitchp
My FXDD trades are currently at -$200. My account has decrease by nearly $1700 since last night.
I wonder if the relative strength values on fxdd are the issue?
  • #652
  • Oct 13, 2008 9:29am Oct 13, 2008 9:29am
Hello guys,

My strategy is:

Wait for 4hr candle to close.
Check strength and weakness of currency rapidly.
Put a buy or sell order according to correlation.
Put a 20 pips take profit call.
Wait and see the result.
Amazing, it your profit will come in the first 1 hour or 30 minutes.
20 pips is what you need per day.

I use the ccfp CLOSE indicator.

Happy trading
Trade2Win
  • #653
  • Oct 13, 2008 9:31am Oct 13, 2008 9:31am
I'm now at +150, that's a nice turn around. Question is do I take it and come back at noon or let it ride
  • #654
  • Oct 13, 2008 9:34am Oct 13, 2008 9:34am
Quoting ES Trader
If any one is intersted in knowing, I have been using ONLY one indicator for all my trades.No other fancy stuff. The indicator is CCFP v.1.0.2b
Kris
Hi ES Trader, Can u pls post this version (CCFP v.1.0.2b) of the indicator again. Thanks. Nerry.
  • #655
  • Oct 13, 2008 9:36am Oct 13, 2008 9:36am
I don't think anyone discussed any exit strategies.

I'm just running a 30 pip trailing stop right now, with a 100 pip TP.
14 full TP hits
9 TS hits.
1 loss (reversed trade).

So my EAs are up net 1700 pips when I'm not using the ranking.
The ranking version is still trailing and is currently at 110 pips.

Money is good right now, I am waiting for the market to change, that will determine how good this system is.
  • #656
  • Oct 13, 2008 9:36am Oct 13, 2008 9:36am
Quoting ES Trader
If any one is intersted in knowing, I have been using ONLY one indicator for all my trades.No other fancy stuff. The indicator is CCFP v.1.0.2b
Kris
ES Trader,

What is the basis of the "relative strength" calculation in your indicator please?

I.e. what is the zero line and the deviations from it by the currencies?

Thanks in advance.

regards
daytrading
Enter Signature
  • #657
  • Oct 13, 2008 9:39am Oct 13, 2008 9:39am
I am using FXDD and have not come any problem

MY pip i now +350 and GBP/JPY is the biggest gainer and GBP/us$
  • #658
  • Oct 13, 2008 9:42am Oct 13, 2008 9:42am
Quoting NerryE
Hi ES Trader, Can u pls post this version (CCFP v.1.0.2b) of the indicator again. Thanks. Nerry.

Just follow this image
Attached Image
Never sell @ lower upward channel unless breacked and vise versa .
  • #659
  • Oct 13, 2008 9:43am Oct 13, 2008 9:43am
Quoting mitchp
I'm now at +150, that's a nice turn around. Question is do I take it and come back at noon or let it ride

Mitch if it's a live account I'd take the profit
  • #660
  • Oct 13, 2008 9:48am Oct 13, 2008 9:48am
Quoting harigp
I am using FXDD and have not come any problem

MY pip i now +350 and GBP/JPY is the biggest gainer and GBP/us$

Haripg,

Can you please list your trades or provide a screen shot of them, I'd like to compare them to mine - I'm only at 60 and dropping. GBPJPY is at 74.
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