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Trading system using relative strength

  • #861
  • Oct 14, 2008 5:35am Oct 14, 2008 5:35am
242 pips in 30 minutes.
manual entry ibfx. using FerruFx's indi . not at 4 hr candle.
Attached Image (click to enlarge)
Click to Enlarge Name: manual.jpg Size: 244 KB
  • #862
  • Oct 14, 2008 5:44am Oct 14, 2008 5:44am
Firstly thanks to es_trader for sharing this.

Here are some screenshots from trades placed today. I am using a 45pip trailing SL to lock in profits. I plan to tighten up the SL if the trade is still active coming to the end of the 4hr candle.

ODL Securities datafeed, using FerruFX's indi. I manually enter the trade
Attached Image (click to enlarge)
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  • #863
  • Oct 14, 2008 5:45am Oct 14, 2008 5:45am
tommyd

Dooes this indicator updates regularly in small time frames
  • #864
  • Oct 14, 2008 5:55am Oct 14, 2008 5:55am
Earlier this morning I was -600 pips. I have just closed out with a profit of 420 pips. My stoploss is 1000 pips which I think is needed with this system. I think that good money management is of the upmost importance as I'm sure that my stoploss will be hit, but hopefully not too often. The main thing is that with good money management, you will always live to fight another day, and with compounding, the profits will soon grow even with small percentage risk.

This system rocks. Thanks again ES Trader for this great system and also to FerruFx for the fantastic indicator that goes with it.

Dan
  • #865
  • Edited 6:02am Oct 14, 2008 5:56am | Edited 6:02am
Quoting harigp
tommyd

Dooes this indicator updates regularly in small time frames
which one,?
if you are referring to Ferru's I do not think it updated except at the end of the 4 hour candle, but you can change the time frame (it is set to 240 minutes) in the indicator inputs to a shorter time frame if you like. I would think you could have it update on the hour or whatever time you choose if that is what you wanted to use.
I am sure as time goes on there will be those that experiment with different time frames.

edit: I just changed the time frame from 240 minutes to 60 minutes & it updated on the hour as it was set to. so yes you can use this indi on whatever time frame you like. How accurate is it at shorter time frames?? Don't know that yet.
  • #866
  • Oct 14, 2008 5:58am Oct 14, 2008 5:58am
Quoting skyline
+500 pips hit in less than 2hr
Hey Skyline,

Which EA are you using?

It doesn't look like RR's or Ferrux's in your pic and i can't find an ES_Trader_EA in the attachments?

just curious...

thanks
  • #867
  • Oct 14, 2008 6:15am Oct 14, 2008 6:15am
It's been a good morning so far...over 300 pips on the last 4 hour candle using the RR EA. FXDD is back !!
  • #868
  • Oct 14, 2008 6:24am Oct 14, 2008 6:24am
Quoting noangel
FerruFX you said to set the indicator to 0 or 1, but is the default 5 not a safer trade?
It would be yes. It was just to say that to have the exact same results as the CCFp, level has to be set at 0.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #869
  • Oct 14, 2008 6:38am Oct 14, 2008 6:38am
Here's attached the last version with some improvements:

1. Timer: the remaining time before the end of the candle from the Timeframe the indy is watching

2. Comments in colored labels

3. Value in each column for a quicker viewing

4. Remove the "No Trade" pairs in the (long) suggested pairs listing

5. Remove the NZDGBP. I can't retrieve where I found this one!!!

Hope that will help to trade this system smoothly.

FerruFx
Attached File(s)
File Type: ex4 CCFp-Diff_[v1.02].ex4   119 KB | 2,735 downloads
MT4/MT5 EAs/Indicators/Alerts coder
  • #870
  • Oct 14, 2008 6:40am Oct 14, 2008 6:40am
My RR EA has not opened any trades in the last 12 hours since I attached it to my 4 hour charts. I have it on Level 5 and the Smiley Face is smiling. Do I need an indicator attached, and if yes, which version of CCFp? Thanks in advance.
  • #871
  • Oct 14, 2008 6:41am Oct 14, 2008 6:41am
Just thought I'd post some brokers platform times vs GMT. Many people are quoting GMT as a start time for their trade when their brokers time isn't the same as GMT.

IBFX----GMT + 0
ODL----GMT + 0
Alpari---GMT + 2
WHC---GMT + 2
FXDD---GMT + 3
SIG----GMT + 3
  • #872
  • Oct 14, 2008 6:41am Oct 14, 2008 6:41am
RR do you have eachtickmode set to True or False?

Thanks,
Sandy
  • #873
  • Oct 14, 2008 6:43am Oct 14, 2008 6:43am
FerruFx you're the man!!
  • #874
  • Oct 14, 2008 6:47am Oct 14, 2008 6:47am
Quoting FerruFx
Here's attached the last version with some improvements:

1. Timer: the remaining time before the end of the candle from the Timeframe the indy is watching

2. Comments in colored labels

3. Value in each column for a quicker viewing

4. Remove the "No Trade" pairs in the (long) suggested pairs listing

5. Remove the NZDGBP. I can't retrieve where I found this one!!!

Hope that will help to trade this system smoothly.

FerruFx
That's a really nice update FerruFx, really cleaned up the screen & simplified the process even farther.
Very nice work..
thanks.
  • #875
  • Oct 14, 2008 6:48am Oct 14, 2008 6:48am
Quoting FerruFx
Here's attached the last version with some improvements:

1. Timer: the remaining time before the end of the candle from the Timeframe the indy is watching

2. Comments in colored labels

3. Value in each column for a quicker viewing

4. Remove the "No Trade" pairs in the (long) suggested pairs listing

5. Remove the NZDGBP. I can't retrieve where I found this one!!!

Hope that will help to trade this system smoothly.

FerruFx
Hey FerruFX, great work. Just wondering if you could add X and Y axis variables so we could move the comments over to the right side of the chart if someone wanted to?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #876
  • Oct 14, 2008 6:50am Oct 14, 2008 6:50am
More than 3200 pips!!!

Totally manual, just like my grandma did it.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 de EStrader7.jpg Size: 167 KB
  • #877
  • Oct 14, 2008 6:50am Oct 14, 2008 6:50am
Quoting misterpipster
My RR EA has not opened any trades in the last 12 hours since I attached it to my 4 hour charts. I have it on Level 5 and the Smiley Face is smiling. Do I need an indicator attached, and if yes, which version of CCFp? Thanks in advance.
I tried for all day to get Ronalds ea to work on IBfx mini but was not able to make it work. Now I'm no whiz by a long shot. I have noticed a few others having problems as well but I am sure Ronald will look over the situation all in good time.
I can only imagine he is a very busy guy..
  • #878
  • Oct 14, 2008 6:52am Oct 14, 2008 6:52am
@LaoTechnic,
Why did you take the trade about 2 hours later after new 08:00 candle has opened? You took the trade about 10:18 server time. Or it's the time you are avalaiable to face the computer? I took mine about 08:30 because i got something to do before that. AND we're both in profit.

So, this method is free entry-timing, and as I remember ES ever did this too. He ever jumped to the trade that 1-2 hours late. I (or we) need to get more trade experience to proof this conclusion.

This is my demo that began since 08:30 server time (05:30GMT), and I decide to let them run because most of them are the same trading suggestion in 12:00 open candle. Thanks to ES Trader and FerruFX for making this happens.
Attached Image (click to enlarge)
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  • #879
  • Oct 14, 2008 6:54am Oct 14, 2008 6:54am
Great system, and no I am not knocking it...

You have to understand that the market conditions are not 'what' they should be be...

very volatile at the moment and going for that many pips normally will not be the case once the dust settles.

good MM and RR is required, which I have not seen for this system.

Quoting forenxe
More than 3200 pips!!!

Totally manual, just like my grandma did it.
  • #880
  • Oct 14, 2008 6:56am Oct 14, 2008 6:56am
Quoting matrixebiz
Hey FerruFX, great work. Just wondering if you could add X and Y axis variables so we could move the comments over to the right side of the chart if someone wanted to?
Thanks
Added to my ToDo list for a future release.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
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