Trading system using relative strength | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading System Using Relative Strength-Part 2 1,499 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

Relative Strength Basket Trading System 3,479 replies

Dyekid217 Trading relative strength and CICR 0 replies

VT Moving Averages of Relative Strength Index Alert Wanted 1 reply

Attachments: Trading system using relative strength
Exit Attachments

Trading system using relative strength

  • #761
  • Oct 13, 2008 3:53pm Oct 13, 2008 3:53pm
Quoting FerruFx
Here's attached an indicator I just finished. It calculates the difference between the 2 previous bars for each currency based on the exact same CCFp calculation.

The results is displayed with colored squares from 1 to 10.

You can select the pairs you want to trade and it will tell you BUY, SELL or NO TRADE.

A "trade level" from 1 to 10 will filter the difference you want to be reached before trade allowed.

Note: this isn't an EA ... just an indicator.

Hope that helps to visualize this setup.

FerruFx
FerruFx,

Thanks for the indicator. Now I really get this method!

1Trader2
  • #762
  • Oct 13, 2008 4:11pm Oct 13, 2008 4:11pm
Around 1700pips from 12:00 Alpari UK
Attached Image (click to enlarge)
Click to Enlarge Name: 1 de EStrader5.jpg Size: 208 KB
  • #763
  • Oct 13, 2008 4:21pm Oct 13, 2008 4:21pm
Could someone advise me on why the indicator will not load onto my chart, i have it in my indicators and when i select it nothing happens?

Thanks
  • #764
  • Edited Oct 14, 2008 8:45am Oct 13, 2008 4:32pm | Edited Oct 14, 2008 8:45am
Hi Guys

Finally, was able to finish reading through this big thread... Thanks ES and all the others who contributed...

As soon as I finished reading... I open my first basket of trades... I am using fxopen demo with starting capital of 10k... investing 0.1 per trading... trading all the pairs available...

Although I read through the whole thread.. i used 100% from post 1 to open my trades... So far.. It has a floating DD... But I think this is how it usually starts...

I will not be monitoring the trades... I am just using an EA to trail the overall profit once profit reach 200usd...

Check the shot

Time to go to bed... will update later...

UPDATE:

The trades closed in profit... +145 on the demo 10,000 account... So far.. so good...
Attached Image (click to enlarge)
Click to Enlarge Name: my_trades.png Size: 49 KB
If you are looking for a forex book, ask me!
  • #765
  • Oct 13, 2008 4:43pm Oct 13, 2008 4:43pm
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.
Definitelly this system is not working at all with FXDD I lost too in a live account then switched to IBFX , so far 2 winning in a row (more than 2000 pips!).
I guess looking at various result Alpari and IBFX seems to be best choice to trade this method
Attached Image
  • #766
  • Oct 13, 2008 4:50pm Oct 13, 2008 4:50pm
Yes, there is. And it would be quite a trick to get it to work as an EA, since it's a script. Put it in your /experts/scripts directory, a restart MT4.

Ron(ForexMT4)


Quoting tommyd
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.
  • #767
  • Oct 13, 2008 5:27pm Oct 13, 2008 5:27pm
Quoting skyline
Definitelly this system is not working at all with FXDD I lost too in a live account then switched to IBFX , so far 2 winning in a row (more than 2000 pips!).
I guess looking at various result Alpari and IBFX seems to be best choice to trade this method

How is possible to have such difference between FXDD and others ? Is this just subjective feeling or result of repetitive testing ?
  • #768
  • Oct 13, 2008 5:45pm Oct 13, 2008 5:45pm
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 may have jumped the gun on FXDD. This trade did turn around about 2.5 hours later for a net profit of +255 pips with only one losing trade out of the 7. I got into another trade at the next 4 hour candle and closed it all with profit of +92 pips less than 1.5 hours later. So it does work with FXDD but i think interbank or alpari might be better as you can trade alot more pairs, but NO COMPLAINTS SO FAR. Paris
  • #769
  • Oct 13, 2008 5:46pm Oct 13, 2008 5:46pm
Quoting skyline
Definitelly this system is not working at all with FXDD I lost too in a live account then switched to IBFX , so far 2 winning in a row (more than 2000 pips!).
I guess looking at various result Alpari and IBFX seems to be best choice to trade this method
FXDD has not opened a trade with the EA and can't get the indicators to work either. All smiley faces are there, will switch it to another broker if everyone continues to profit.
  • #770
  • Oct 13, 2008 5:57pm Oct 13, 2008 5:57pm
Quoting manistra
How is possible to have such difference between FXDD and others ? Is this just subjective feeling or result of repetitive testing ?
There are probably a number of reasons as already described. But different results may also be caused by the fact that there are fewer pairs available at FXDD as compared to IBFX. If there is a significant trend in NZD especially or AUD or even CAD and the additional pairs offered by IBFX produce positive results, the entire basket may then be positive where with fewer pairs it wouldn't have been.

However, sometime in the future when these combinations produce choppy results it may be that the reverse is true and FXDD produces better reults than IBFX. Time will tell, but it would seem based upon the strategy that the more pairs the better.
  • #771
  • Oct 13, 2008 6:07pm Oct 13, 2008 6:07pm
Ok, believing in the system and giving it one last try I opened up 7 trades at the 4:00 bar (new trading day - new hopes for some of my pips back). It's 6:04 CST now and my account is +200 pips - woooooohoooooo!!!!!!

Now the question is how long do I let it run ( I'd like to get 300-400 pips), but with only 7 trades I might be at the point to take the money and run (at least till 8:00).
  • #772
  • Oct 13, 2008 6:11pm Oct 13, 2008 6:11pm
Hey All,

This is my first post but I've been lurking on this forum for a bit. I finally signed up and have been reading this thread for the last couple of days and wanted to post because the results are insane. Finally got approved. Anyways...

I've got a few questions but the main one is:

- What times is everyone trading at? I've read through the whole thread and the times here someone else wrote up. Anyone recommend exact times?

Time Frame 4 hours

1 Friday US close candle
2 Asia
3 Asia
4 London
5 london,Europe
6 Europe,us
7 us close

Would you be going by the opens according to this link - http://forex.timezoneconverter.com/i...rlin&refresh=5
  • #773
  • Oct 13, 2008 6:13pm Oct 13, 2008 6:13pm
I've managed to pull 619pips (is that normal??) in the last two 4hour sessions and they were within the first 35 min of placing them... Anyways, time for bed.
  • #774
  • Oct 13, 2008 6:51pm Oct 13, 2008 6:51pm
I'm wondering now this setup would react on different timezone platforms. It seems most here trade on a gmt platform, such as IBFX. Other platforms are gmt +2 or +3, etc. The indis done so far (all of them great, by the way) could probably have a gmt shift input that would allow someone trading on a non-gmt platform to get the same signals.
  • #775
  • Oct 13, 2008 6:54pm Oct 13, 2008 6:54pm
Skyline, how are you determining when to exit the basket?
(By the way. I still use that febhelper EA you did a while back. Nice work as usual.)

Quoting skyline
Definitelly this system is not working at all with FXDD I lost too in a live account then switched to IBFX , so far 2 winning in a row (more than 2000 pips!).
I guess looking at various result Alpari and IBFX seems to be best choice to trade this method
  • #776
  • Oct 13, 2008 6:59pm Oct 13, 2008 6:59pm
Hi Ferru.

I understand you already said there is absolutely NO need to attach the original CCFp indi on the chart, BUT I also would like to know if, in every case, I need to have the CCFp indi AT LEAST in my experts/indicators folder in order to make run your indicator correctly.

Besides, what chart I have to attach your indi to?
I saw you attached it on GBPUSD (H4) chart, but I think the pair doesn't matter, right?

Please, let me know, thanks.

Take

P.S.: I think your indi is the best tool to use to trade this system, you made a fabulous work with it, thanks a lot!


Quoting FerruFx
Absolutely NO need to attach the original CCFp to work. Mine is completly autonome and all calculation is coded inside (no call the CCFp).

FerruFx
  • #777
  • Oct 13, 2008 7:04pm Oct 13, 2008 7:04pm
Quoting supersub
ferrufx can you include your indicator in mql format? FXOpen seems to be unable to detect .ex4 file. Thanks.
The ex4 file is the only on needed to run an EA.

mq4 file is just the source code and can't run on a platform.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #778
  • Oct 13, 2008 7:06pm Oct 13, 2008 7:06pm
Quoting TimeFreedom
@ FerruFX;

Your indicator, CCFp-Diff_v1.01, is great. The new alerts are "just what the doctor ordered". I have a request if you will allow me? Can you change the colors for the pairs that change to Buy and Sell from No Trade, Green for Buy and Red for Sell. One more if you will...Can you also add the level numbers above each currency?

Thanks in advance,

TimeFreedom
I plan these changes for the next release. Let me some time!

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #779
  • Oct 13, 2008 7:09pm Oct 13, 2008 7:09pm
Quoting FOURX
Could someone advise me on why the indicator will not load onto my chart, i have it in my indicators and when i select it nothing happens?

Thanks
Try to restart your platform or switch TF. Your platform may doesn't have all datas needed. It needs to refresh for ALL pairs needed at the same time.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #780
  • Oct 13, 2008 7:10pm Oct 13, 2008 7:10pm
here is another suggestion: have the option to only list the pairs that are to be traded.
4 traders viewing now