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Trading system using relative strength

  • #721
  • Oct 13, 2008 1:44pm Oct 13, 2008 1:44pm
Is there a trick to getting Ron's ea to work on a IBFX mini account????

The original indicator posted by EStrader does not want to display on my mt4.

any thoughts, I'm thinking I will reload MT4. been working on this for couple of hours now.
  • #722
  • Oct 13, 2008 1:46pm Oct 13, 2008 1:46pm
I have IBFX on a demo account, and also a real account. Am testing this for awhile, before I go live. When I do, will use the money management suggested by ES Trader, which is .01 per pair for every $2,000.00 of account balance. That seems like a safe amount, and is what I'm using in the demo.
Quoting nubchai
Paradoxical who is your broker please?

Thanks,
Sandy
  • #723
  • Oct 13, 2008 1:48pm Oct 13, 2008 1:48pm
is it really possible. Trade I just put about 5 minutes ago is already positive.WoH!
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  • #724
  • Oct 13, 2008 1:54pm Oct 13, 2008 1:54pm
I've taken a beating so far with every basket of trades using FXDD. This system does not work for FXDD. Almost 2 hours into the trade.
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  • #725
  • Oct 13, 2008 1:57pm Oct 13, 2008 1:57pm
Quoting ES Trader
is it really possible. Trade I just put about 5 minutes ago is already positive.WoH!
lol, that's insane!

good work
  • #726
  • Oct 13, 2008 2:01pm Oct 13, 2008 2:01pm
Quoting paradoxical
I have IBFX on a demo account, and also a real account. Am testing this for awhile, before I go live. When I do, will use the money management suggested by ES Trader, which is .01 per pair for every $2,000.00 of account balance. That seems like a safe amount, and is what I'm using in the demo.
Thanks Paradoxical.


I'm loading up an ibfx demo with the EA. We'll take it out for a spin at the next 4 hour candle and see how it goes. FXDD doesn't seem to like this method today lol.

Thanks again,
Sandy
  • #727
  • Oct 13, 2008 2:09pm Oct 13, 2008 2:09pm
now it is up $135. So far 3 out of 3 trades positive for the day.That is good!!

I am glad many here are making green Pips.
  • #728
  • Oct 13, 2008 2:13pm Oct 13, 2008 2:13pm
yeah fxdd seems to bomb. would it be wise to watch demo on ibfx and trade on fxdd or would it still be bad data

or is it a matter of exiting the positions at the right time of combination of pairs being in positive. so then its a matter of the entry points on ibfx and fxdd beign different? i dunno
  • #729
  • Oct 13, 2008 2:17pm Oct 13, 2008 2:17pm
Quoting RaverStyleTim2
yeah fxdd seems to bomb. would it be wise to watch demo on ibfx and trade on fxdd or would it still be bad data
I don't think that would work. It seems we are placing the same trades on fxdd as others are placing on ibfx. So it's not the selection of pairs that's the problem. There's something about the way the trades are being processed on fxdd that may be different. The results are definitely not good in this very limited test.

You could say we have more of a ranging market today. But then ibfx is dealing with the same market.

I can't explain it. This is a great system. It just doesn't seem to produce profits as well on fxdd...at least today

I loaded up an IBFX demo. I'll run the EA on that at next 4 hour candle. We'll see what the results are. Same Ea with the same settings I used on FXDD.
  • #730
  • Oct 13, 2008 2:21pm Oct 13, 2008 2:21pm
I selected strongest difference in pairs looking at FurruFX colored bars indicator. (just 3 pairs) GBP,AUD,and NZD buys against JPY and am up 100 pips. I will continue trading only strongest according to bars and report results.
  • #731
  • Oct 13, 2008 2:22pm Oct 13, 2008 2:22pm
Quoting Paris Hilton
I've taken a beating so far with every basket of trades using FXDD. This system does not work for FXDD. Almost 2 hours into the trade.

I wonder if it's somehow the data feed? I don't get it either. Too bad because a lot of people are on fxdd.
  • #732
  • Oct 13, 2008 2:23pm Oct 13, 2008 2:23pm
looks like the shorties are starting to cover: from -250 to +83 now
  • #733
  • Oct 13, 2008 2:24pm Oct 13, 2008 2:24pm
Quoting cjd
I selected strongest difference in pairs looking at FurruFX colored bars indicator. (just 3 pairs) GBP,AUD,and NZD buys against JPY and am up 100 pips. I will continue trading only strongest according to bars and report results.

cjd - the indicator he posted today?

Thanks
  • #734
  • Oct 13, 2008 2:26pm Oct 13, 2008 2:26pm
Quoting qwasyx
looks like the shorties are starting to cover: from -250 to +83 now

Yes!! I'm in profit!!

Today's a US and Canadian holiday too. Wonder if that's slowed the market some
  • #735
  • Oct 13, 2008 2:28pm Oct 13, 2008 2:28pm
Went from -250 tp +250. Done for the day: +1080 pips.

Great, ES. Thank you.
  • #736
  • Oct 13, 2008 2:29pm Oct 13, 2008 2:29pm
nubchai, I am using the original FurruFx indicator with bars. I am up 220 pips now. I am on IBFX.
  • #737
  • Oct 13, 2008 2:30pm Oct 13, 2008 2:30pm
Quoting cjd
nubchai, I am using the original FurruFx indicator with bars. I am up 220 pips now. I am on IBFX.
Thanks cjd. It sounds like you have a good strategy.
  • #738
  • Oct 13, 2008 2:34pm Oct 13, 2008 2:34pm
I guess I gave up too soon!
  • #739
  • Oct 13, 2008 2:39pm Oct 13, 2008 2:39pm
Closing trades at +355 pips. Thanks ES Trader!
  • #740
  • Oct 13, 2008 2:42pm Oct 13, 2008 2:42pm
400 pips here. That was the strangest thing. It's like all the traders were on a long lunch and decided to come back at the same time. It gives me hope for FXDD! Thanks ES
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