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Attachments: Trading system using relative strength
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Trading system using relative strength

  • #681
  • Oct 13, 2008 11:01am Oct 13, 2008 11:01am
Quoting billbss
I've noticed that on the last 4H bar (InterbankFx), your indicator shows NZD as a +. All of the other CCF indicators show a -

The other currencies are the same.
On FXpro, both are the same.

Maybe the rounded value is close to reverse on IBFX.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #682
  • Oct 13, 2008 11:04am Oct 13, 2008 11:04am
Quoting FerruFx
On FXpro, both are the same.

Maybe the rounded value is close to reverse on IBFX.

FerruFx
That could be.
Thanks for looking.
  • #683
  • Oct 13, 2008 11:08am Oct 13, 2008 11:08am
Quoting Myth
@LaoTechnic,
So we can't compare which pairs are taken. Maybe in the next opportunity. Because the next 4 hour candle means midnight here.
Myth,
Please see below, apparently we took same and different orders. but most of them are same.

Lao.
Attached Image (click to enlarge)
Click to Enlarge Name: trades.GIF Size: 35 KB
  • #684
  • Oct 13, 2008 11:13am Oct 13, 2008 11:13am
Quoting mitchp
Paris,

I agree with your indicator reading with FXDD, but if you use the CCCFp_Close_v1.Overt you will get the opposite on CHF and AUD. I'm trying to figure out now which indicator might be better for FXDD

Mitch could you let us know which indicator that you think will work best with FXDD --- once you research it?

For the next 4 hour candle I'm going to use RR's ea and see how that compares when that's the only thing running on the demo.

One thing I notice is that some people report taking a smaller number of trades. This runs counter to the strategy but they seem to be getting good results.


thanks,
Sandy
  • #685
  • Oct 13, 2008 11:16am Oct 13, 2008 11:16am
Sandy,

No problem, I will let you know. I will be interested at seeing your results, I haven't had much luck with EA.

Thanks
Mitch
  • #686
  • Oct 13, 2008 11:31am Oct 13, 2008 11:31am
Quoting mitchp
Sandy,

No problem, I will let you know. I will be interested at seeing your results, I haven't had much luck with EA.

Thanks
Mitch
Thanks Mitch. I'll post the results. In this last batch I had 2 TP and 3 that stopped out before I killed the demo. The rest were running at a loss. But in fairness I started the EA up a little later than I should have. So I want to do a clean test.

Thanks again

Sandy
  • #687
  • Oct 13, 2008 11:37am Oct 13, 2008 11:37am
Yes, I go back and forth on exits for these. Sometimes just take it, sometimes let the 2protect EA exit.

Just now traded the 0800 and 1200. I got in about 10 min after close. It went to +280 pips in less that 15 minutes, then 2Protect closed it on a retrace at about 160 pips.

Quoting Ronald Raygun
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.
  • #688
  • Oct 13, 2008 11:46am Oct 13, 2008 11:46am
Quoting LaoTechnic
Myth,
Please see below, apparently we took same and different orders. but most of them are same.

Lao.
You took your trade based on 04:00 and 08:00 closed candle right? New 12:00 candle still runs. You placed the first order @ 13:16, means 1 hour late but still got positive total pips. I'm sure the timing we take entry is still subjective, and be an issue in this method although ES said 5-10 mins after new candle has opened.

But, my trade is based on 08:00 and 12:00 closed candle and I entered trade at new 16:00 open candle about 4-7mins later (16:04 - 16:07). So we would get different orders.
  • #689
  • Edited 12:08pm Oct 13, 2008 11:50am | Edited 12:08pm
Quoting ronzzer
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)
Here are my picks and what was traded See PIC 1 (picked) and PIC 2 (should have) shows what should have be placed. Like I don't see a Buy on NZDUSD, Sell on EURNZD, etc.. ??
Attached Images
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #690
  • Oct 13, 2008 12:04pm Oct 13, 2008 12:04pm
I am sorry, but I can't find Ronald Raygun's EA in the Attachments file. Could someone direct me to it. And, do I understand that some of you are running 2Protect Accounty Ea alongside the RR EA? Please advise. Thanks.
  • #691
  • Oct 13, 2008 12:06pm Oct 13, 2008 12:06pm
The EA opened the following orders:

B AU
B GU
B GBPCHF
B GJ
B AJ
B NZDUSD
S UCAD
S EURAUD
S EURCAD
S EURGBP
  • #692
  • Oct 13, 2008 12:20pm Oct 13, 2008 12:20pm
Quoting nubchai
The EA opened the following orders:

B AU
B GU
B GBPCHF
B GJ
B AJ
B NZDUSD
S UCAD
S EURAUD
S EURCAD
S EURGBP
Sandy,

We have the same trades except I went for a Sell on GJ. I'm about -$200 right now
  • #693
  • Oct 13, 2008 12:23pm Oct 13, 2008 12:23pm
FerruFX,

Your work is very much appreciated.
Thank you.
  • #694
  • Oct 13, 2008 12:25pm Oct 13, 2008 12:25pm
Quoting mitchp
Sandy,

We have the same trades except I went for a Sell on GJ. I'm about -$200 right now

Mitch,

The EA stopped out Eurcad with a 23 pip profit
It stopped out EurAud for a 39 pip profit

The 8 remaining pairs are -$107 right now

Sandy
  • #695
  • Oct 13, 2008 12:25pm Oct 13, 2008 12:25pm
I took 10 new trades on the IBFX platform at 12 pm. I closed them out with a profit of +300 pips.

Way Kewl!!

Carol
  • #696
  • Oct 13, 2008 12:27pm Oct 13, 2008 12:27pm
question mightve been covered but is the ea waiting the 15 min after candle open
  • #697
  • Oct 13, 2008 12:35pm Oct 13, 2008 12:35pm
Quoting Eureka
I took 10 new trades on the IBFX platform at 12 pm. I closed them out with a profit of +300 pips.

Way Kewl!!

Carol
Carol,

Could you please advise what your indicator showed for + & - on IBFX, a few of us are on FXDD and not getting these kind of profits.

Thanks
Mitch
  • #698
  • Oct 13, 2008 12:36pm Oct 13, 2008 12:36pm
Quoting RaverStyleTim2
question mightve been covered but is the ea waiting the 15 min after candle open
It looks like the EA is set to wait 10 to 15 minutes.
  • #699
  • Oct 13, 2008 12:37pm Oct 13, 2008 12:37pm
Quoting Eureka
I took 10 new trades on the IBFX platform at 12 pm. I closed them out with a profit of +300 pips.

Way Kewl!!

Carol
Carol that's amazing! Congratulations. This system seems to fare better on ibfx

Sandy
  • #700
  • Oct 13, 2008 12:43pm Oct 13, 2008 12:43pm
I'm using the indicator posted on #36 by Skyline.

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