Trading system using relative strength

Quoting nubchai

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

Sandy

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Quoting Eureka

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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

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Quoting Eureka

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Thanks, Sandy. Yes, it does seem to be doing well.

Just wish we could find a good exit strategy. I'm wondering if closing at a desired number of pips might be the best.

Carol

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Quoting nubchai

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FXDD with the EA is now -$189 with the 8 remaining pair.

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Quoting BenQ

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Why did you close them at +300? Why not 200 or 250 -- what process did you use to wait for 300? Just trying to get a handle on the decision process. I've been closing mine out betwen 200 and 300, but there's no real reason behind it. I guess I just like it, as ES says. I always wonder if I could leave it run and get more, but don't want to get greedy. I'd like to have a defined process for deciding when to exit the basket.

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Quoting Eureka

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I went downstairs to put clothes in the dryer and when I came back, I saw that the profit was a bit over 300 pips. I decided perhaps I should close and not let the profit get away.

This morning I had decided to close and open every 4 hours, but the pips came and went several times and when the new H4 bar came, I was in a loss. Then I thought maybe I should have a predetermined amount of pips for closing. I haven't decided what that might be, but I'm leaning toward 100.

If that would happen 2 or 3 times a day, then I'd be very happy.

Carol

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Quoting nubchai

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Carol,

You could go for a set number of pips. Iknow there's an EA out there that will close all trades when you hit the $ amount you enter.

There's Trader101's EA too that will lock in profits at certain levels.


Personally I don't think I would wait the full 4 hours and see where my pips were at that point. I think I'd close out at a reasonable profit.

Sandy

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Quoting BenQ

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LOL -- I have about the same system -- but usually it's to make a cup of coffee or make a phone call, etc. Maybe you're right though, just take the 100 and wait for next H4 bar and try it again.

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Quoting mitchp

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I'm now -$350, I'm now thinking this is not a system for FXDD. I have give up $1900 since last night.

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Quoting mitchp

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Live!

This was working great for me last week, I suspected the financial ups and downs of last week played a big part in the success. I'm thinking that we need to move to IBFX or another platform.

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Quoting Myth

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@LaoTechnic,
Did u take the trade on 16:00 (server time) in your FxPro demo too? I would like to compare yours with mine so we (and all of ES fans) can see each other's differences or commons. The server time is same with FXDD broker. 16:00 server = 13:00 GMT

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Quoting nubchai

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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

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Quoting paradoxical

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The CCFp Diff indicator had almost the identical trades. Seeing as how the EA (I assume the one by RR) has almost the same orders, I'll add it. I was up about 500 pips at one time, and now "only" about 300 with a little less than 2 hours to go on this 4 hour candle. The 2 Protect EA didn't close me out of any trades, for whatever reason. Quite an amazing system, ES Trader, as well equally amazing indicator by FX and EA by Raygun, and spreadsheets by ? Thanks to all for their great contributions. Who wouldn't be happy with 200-300 pips every 4 hours or so. with proper money management, even a drawdown of a 1000 pips wouldn't sting that much.

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