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Trading system using relative strength

  • #801
  • Oct 13, 2008 8:50pm Oct 13, 2008 8:50pm
Thank you so much FerruFx

I am not doing a good job of explaining myself... the entry is clear, I have no problem with that... but the exits are not... so say I decide to exit at a certain amount of pips and I then want to re-enter... how do I know when the best time is to do that?

Can I just assume that if the currency is still there as a trade, that I can just hop back in?

I don't know if this is possible, but if the currencies that are being traded, drop to the level of No Trades, can we get some kind of indication to exit?
  • #802
  • Oct 13, 2008 8:59pm Oct 13, 2008 8:59pm
Quoting FerruFx
I plan these changes for the next release. Let me some time!

FerruFx
LOL, sorry FerruFX that I brought that on to you, but you make a lot of Forexler happy.
  • #803
  • Oct 13, 2008 9:03pm Oct 13, 2008 9:03pm
Hi
Glad to know almost everyone, even ones using FXDD platform, seem to be making money.

I cant believe the thread almost has 800 posts. I never imagined this will grow this much this fast. I was initially not plannig to start the thread after I saw what happened to 101.

But then I decided to give it a try since I felt the system was so simple even a newbie can learn pretty fast.

Like I said before if the system is good and someone can benefit from it why not share it.
That is the whole story in a nut shell.
The moral of this story is, in Life all the best things are FREE AND SIMPLE.
Good Luck To everyone.
Kris
  • #804
  • Oct 13, 2008 9:08pm Oct 13, 2008 9:08pm
Quoting ronzzer
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)
Thanks for your reply, I do appreciate it but I was asking about Ronald Raygun's EA.
For the life of me I cannot get it to function.

If anyone has any ideas I would be open to discuss them.
I have reloaded mt4 and re downloaded all indicators / EA to no success.

Does the EA require a specific indicator, I have several in my list, the original, v1.0.2 & v1.0.2a

I am on a IBfx mini account,

I do see a couple of errors some times in the experts terminal.

CCFp GBPJPYm H4 error code #4202

but everything else says loaded successfully & initialized

I do notice that in the upper left of the chart many of the items have no info to report.

any help will be appreciated.
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  • #805
  • Oct 13, 2008 9:11pm Oct 13, 2008 9:11pm
This is my 4th trade of the day.Lets see what happens :
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  • #806
  • Oct 13, 2008 9:15pm Oct 13, 2008 9:15pm
Hi Ronald

Thanks for the EA. I have tried it on FXDD. The number of trades that was taken was only two, whereas I was expecting 7 trades. When I observed the journal tab, I saw quite a few "TradeDispatcher: trade Context is busy".

I wonder if this problem is associated with FXDD or speed of my computer (Pentium 4 2ghz) or something else. Also wondering if there is a coding solution to this issue?


Thanks once again.

TF
  • #807
  • Oct 13, 2008 9:26pm Oct 13, 2008 9:26pm
Quoting ES Trader
Hi
Glad to know almost everyone, even ones using FXDD platform, seem to be making money.

I cant believe the thread almost has 800 posts. I never imagined this will grow this much this fast. I was initially not plannig to start the thread after I saw what happened to 101.

But then I decided to give it a try since I felt the system was so simple even a newbie can learn pretty fast.

Like I said before if the system is good and someone can benefit from it why not share it.
That is the whole story in a nut shell.
The moral of this story is, in Life all the best things are FREE AND SIMPLE.
Good Luck To everyone.
Kris
Hi Kris

Just wanted to say Thanks for a really simple yet effective system. Glad you decided to give it a go.

Dan
  • #808
  • Oct 13, 2008 9:44pm Oct 13, 2008 9:44pm
The Ibfx with CCFp-Diff indicator user, go into the input window of the inidic and set CADCHF- CADJPY - GBPAUD - NZDCAD to false as you can't trade them with ibfx . Also set NZDGBP to false it doesn't exist but we do have GBPNZD. Make yourself a tpl so can load it on a chart with the same setting.
  • #809
  • Oct 13, 2008 9:46pm Oct 13, 2008 9:46pm
Yes, I saw it a few minutes ago.

Sorry, there is no margin. All the script does is match strings, and place orders.

If you could post the EXPERTS tab information for when the script failed, I'll be able to tell you why it failed.

You can mark/copy/paste multiple lines out of the EXPERTS tab

Ron(ForexMT4)


Quoting matrixebiz
Hi Ron, did you see my other post showing how many more trades that should have been made but the script didn't? or will it only make them if the difference is by so much margin? if so, how much difference does the currency need to be before it will be a valid movement/signal?
Thank you
  • #810
  • Oct 13, 2008 9:59pm Oct 13, 2008 9:59pm
Quoting ES Trader
Hi
Glad to know almost everyone, even ones using FXDD platform, seem to be making money.

I cant believe the thread almost has 800 posts. I never imagined this will grow this much this fast. I was initially not plannig to start the thread after I saw what happened to 101.

But then I decided to give it a try since I felt the system was so simple even a newbie can learn pretty fast.

Like I said before if the system is good and someone can benefit from it why not share it.
That is the whole story in a nut shell.
The moral of this story is, in Life all the best things are FREE AND SIMPLE.
Good Luck To everyone.
Kris

ES Trader:

Between your simply great method and FerruFx's indicator this makes manual trading easy. On two 4hr periods today I made 436 pips. I entered another trade at 0800 EST, 6 pairs Aud & NZD based, but am now -272 pips. We'll see what the next hour brings. We may need to concentrate on the more active markets. And for those of us who sleep through the London open an EA which could trade those periods. I have reset Ronald Raygun's EA to see if will trigger at my midnight session. I couldn't get it to trade earlier on IBFX. I am trying it on Alpari this time. I'm sure that Ronald will work out the kinks. Thanks again Kris!

1Trader2
AKA Trader1 in other forums

Mike
  • #811
  • Edited 10:49pm Oct 13, 2008 10:25pm | Edited 10:49pm
Quoting ronzzer
Yes, I saw it a few minutes ago.

Sorry, there is no margin. All the script does is match strings, and place orders.

If you could post the EXPERTS tab information for when the script failed, I'll be able to tell you why it failed.

You can mark/copy/paste multiple lines out of the EXPERTS tab

Ron(ForexMT4)
Hi Ron, thank you for getting back to me. I've attached Pics of what currencies I picked and only a few orders were placed, also the log from the Experts Tab to examine, a Buy on NZDJPY, Sell GBPCAD, etc should have been placed and wasn't.
Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: traded2.JPG Size: 32 KB
Attached Image
Attached File(s)
File Type: txt LOG.txt   8 KB | 396 downloads
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #812
  • Oct 13, 2008 10:42pm Oct 13, 2008 10:42pm
FerruFX,

Your indi won't work on my broker, which uses the double dot suffix. Looks like this "EURUSD.." I usually have to edit indis, scripts, EAs, etc, but obviously can't with yours. Is any possibility you can make the pair suffix an extern input? Thanks.
  • #813
  • Oct 13, 2008 11:12pm Oct 13, 2008 11:12pm
Quoting noangel
.. but the exits are not... so say I decide to exit at a certain amount of pips and I then want to re-enter... how do I know when the best time is to do that?
Just wait the current 4hr candle close and restart from the beginning.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #814
  • Oct 13, 2008 11:15pm Oct 13, 2008 11:15pm
Quoting ES Trader
I cant believe the thread almost has 800 posts. I never imagined this will grow this much this fast.
This is only because you bring here a really great strategy. Simple and effective.

Keep up the good work.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #815
  • Oct 13, 2008 11:21pm Oct 13, 2008 11:21pm
Quoting BenQ
FerruFX,

Your indi won't work on my broker, which uses the double dot suffix. Looks like this "EURUSD.." I usually have to edit indis, scripts, EAs, etc, but obviously can't with yours. Is any possibility you can make the pair suffix an extern input? Thanks.
My coding take care of whatever is behind the symbol.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #816
  • Oct 13, 2008 11:26pm Oct 13, 2008 11:26pm
I just tried it again and it did not work, but then I changed the TF and now works fine. My error, sorry. Thanks.

Quoting FerruFx
My coding take care of whatever is behind the symbol.

FerruFx
  • #817
  • Oct 13, 2008 11:54pm Oct 13, 2008 11:54pm
FerruFX,

Your first indi CCFp-Diff works just great for me and I love it.
But I have a problem with the CCFp-Diff-v1.01.
When I place your indi on the chart, after about 10 seconds,
the bars are there, but the info. in left hand corner disappears.
I did try to change the TF.

I have no idea what could be the problem.

Thanks again
  • #818
  • Oct 13, 2008 11:56pm Oct 13, 2008 11:56pm
Good day FerruFX, Kris

First of all thank you again for you unselfish effort in whipping out such a simple system and tools to share to all.

Just want to say I am grateful & I am sure we all are..

Your patience in answering noob's questions and ppl who don't read and absorb post which have been written before & you have to repeat yourself on the same question & spoon feeding, which frankly I don't think I have the capacity to endure myself. In addition to relentless request from members for more functionality etc. about your tools.

Then again that is what makes a great forum great.

To all participants:
I do suggest that everyone of us in this forum to give "this system" (not just the tool) a try first, trade it, live with it for awhile to see how this system evolve before throwing questions about entry & exit strategy etc

This system is still in it's infancy as i see it, but with the guidance of Ferru, Kris who are both advocate of Relative Strength methodology style of analyzing the market, and with contribution & suggestion from all. We all stand to win.

I have seen many good ideas that wither away & many too that seems to have potential from the start but fail to deliver.

So I urge you all to give the simple system (did I just mention simple?) some room to breath before hacking away.

Cheers all,

(Do report your winning & losing escapades and on how you did it or not - in brief so as to serve as an encouragement, lookouts, pitfalls etc, to all)
  • #819
  • Oct 14, 2008 12:08am Oct 14, 2008 12:08am
The problem you are experiencing is due to you running other indicators or EA on the same chart.

TimeFreedom

Quoting Pluto2
FerruFX,

Your first indi CCFp-Diff works just great for me and I love it.
But I have a problem with the CCFp-Diff-v1.01.
When I place your indi on the chart, after about 10 seconds,
the bars are there, but the info. in left hand corner disappears.
I did try to change the TF.

I have no idea what could be the problem.

Thanks again
  • #820
  • Oct 14, 2008 12:11am Oct 14, 2008 12:11am
Quoting BenQ
I just tried it again and it did not work, but then I changed the TF and now works fine. My error, sorry. Thanks.
Glad to see that you solved your issue. please don't be sorry!

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
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