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Trading system using relative strength

  • #881
  • Oct 14, 2008 6:56am Oct 14, 2008 6:56am
Quoting ES Trader
I like that clock. Can you please put up the link>
thanks
Kris
Sure ES, here it is :

http://www.symmetricom.com/resources...oads/symmtime/
  • #882
  • Oct 14, 2008 6:57am Oct 14, 2008 6:57am
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

ES Trader...

Thank you for the generosity you have shown in showing us all this
style of trading, I thank you very much.

Been busy reading up over the weekend, stunning!


FerruFx...

I have seen your excellent work before and admire your offerings to the FF Community.

Just loaded up your latest indicator and its simply excellent


Thanks all,

Doubletop.
  • #883
  • Oct 14, 2008 7:01am Oct 14, 2008 7:01am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting doubletop
FerruFx...

I have seen your excellent work before and admire your offerings to the FF Community.

Just loaded up your latest indicator and its simply excellent
Thanks Doubletop and all others. Your satisfaction is my motivation.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #884
  • Oct 14, 2008 7:01am Oct 14, 2008 7:01am
FerruX

Many thanks and just in time for the new candle !!

N.
  • #885
  • Oct 14, 2008 7:02am Oct 14, 2008 7:02am
Just found out on getting up this AM, my 4th trade of the day had closed with $300.00 profit.
So let sstart a new day .will put new trade in few minutes
Kris
  • #886
  • Oct 14, 2008 7:07am Oct 14, 2008 7:07am
@ FerruFx;

Impressive! Couldn't ask for a better indicator. You fulfilled all my requests and then some.

TimeFreedom

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
  • #887
  • Oct 14, 2008 7:09am Oct 14, 2008 7:09am
This is crazy. Even before I could complete putting all the trade it went into positive pips.Cant believe.Woh!

If this continues I might retire soon .
But problem is I love my Job.LOL
Attached Image (click to enlarge)
Click to Enlarge Name: c10.gif Size: 51 KB
  • #888
  • Oct 14, 2008 7:10am Oct 14, 2008 7:10am
Quoting geeve
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
It's one I coded only for me just to understand this system (I usually code EA to better have an idea on how it should work a trading system), but you can use other EA/indicator you found here it works the same as mine.
  • #889
  • Oct 14, 2008 7:10am Oct 14, 2008 7:10am
Now up $160.00. GeeZ!!
  • #890
  • Oct 14, 2008 7:15am Oct 14, 2008 7:15am
Previous round closed above 1000 pips gain ! (nice, very nice) Max Drawdown was -1.32%, Max Profit 4.43%
Account is up more 4000 pips starting from 13 Oct 2008 and growing ....
Btw I also agree that this particular situation couldn't stand for so long , so a kind of MM is due. I'm thinking to use in future something like TP at 4% , SL 2% (actually I'm not using any TP nor SL, trades are closed at each 4Hr candle).
Attached Images
  • #891
  • Edited 7:19am Oct 14, 2008 7:17am | Edited 7:19am
These trades were placed at 7 minutes past teh new H4 candle. based on trades recommended by CCFp-Diff_[v1.02].ex4.
Approximately 110 pips in 8plus minutes. Going up with 138 as we speak.

Thanks ES Trader and Ferru. fantastic work.

Edit: Closing at 200 14 minutes later
Attached Image
  • #892
  • Oct 14, 2008 7:53am Oct 14, 2008 7:53am
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
FerruFX,

This new version is really COOL! ...Very professional looking too!

Thanks
  • #893
  • Oct 14, 2008 8:07am Oct 14, 2008 8:07am
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.
Level 5? I don't remember putting a level anything there. Quick checklist:

  1. Lot size not 0?
  2. EA count correct?
  3. Other comments? (Upper left corner of the chart)

Quoting nubchai
RR do you have eachtickmode set to True or False?

Thanks,
Sandy
True.

Quoting tommyd
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..
I haven't quite figured out what to do with brokers with symbols > 7 characters.

What the EA does is it takes the first three letters of the symbol and calls that the "Base Currency" the EA then takes the next three letters of the symbol and calls that the "Counter Currency"

Are those correct?
  • #894
  • Oct 14, 2008 8:17am Oct 14, 2008 8:17am
Well the RR Ea placed 2 trades on FXDD and then trade context errors prevented more orders. So I entered those manually.

If you have thos problem on fxdd or other brokers you can use the trade recommendations on each screen and enter the trades manually.

I also traded some of the trades the FerruFX indicator recommended and got excellent results. $50 in 5 minutes with 3 trades. What I did was change the time frame to 60 minutes and the level to 2 and took the recommendations.

Very nice for the manual trader who doesn't want to wait 4 hours.

Thanks FerruFX. I have to look at the new version now

Sandy

PS FerruFX any chance you'll make an EA soon?
  • #895
  • Oct 14, 2008 8:19am Oct 14, 2008 8:19am
A lot of people have been asking for my presets file, so here is my profile.

  1. Go to metatrader/profile
  2. Extract the zip file in metatrader/profile
  3. Close metatrader
  4. Open metatrader
  5. Go to file-> profile -> RR Relative strength

Warning: I use a broker which trades in 1/10th of a pip. Divide the stoploss and trailing stop by 10 to adjust for non-tenth pip brokers.

Attached File(s)
File Type: zip RR Relative Strength.zip   12 KB | 1,569 downloads
  • #896
  • Oct 14, 2008 8:21am Oct 14, 2008 8:21am
Quoting shiva
These trades were placed at 7 minutes past teh new H4 candle. based on trades recommended by CCFp-Diff_[v1.02].ex4.
Approximately 110 pips in 8plus minutes. Going up with 138 as we speak.

Thanks ES Trader and Ferru. fantastic work.

Edit: Closing at 200 14 minutes later


Thats goood

which level you use on CCFp-Diff ?
Never sell @ lower upward channel unless breacked and vise versa .
  • #897
  • Oct 14, 2008 8:22am Oct 14, 2008 8:22am
I'm using FXDD. Yesterday I traded at 3 different times at 3 different 4 hour candles. My total yesterday was a profit of almost +400 pips. The last 4 hr candle the trades stayed down for all 4 hours with a negative balance, then about 15 minutes later after the 4 hours was finished it went into positive and i closed it with about +40 pips profit out of 7 trades in the basket. With FXDD it seems it always starts off negative for an hour or two before going positive. I notice others using GMT time brokers like interbank and alpari that the basket of trades go into the positive within the first 10-15 minutes. Not so with FXDD as FXDD is not GMTtime. Paris
  • #898
  • Oct 14, 2008 8:22am Oct 14, 2008 8:22am
[quote=Ronald Raygun:


I haven't quite figured out what to do with brokers with symbols > 7 characters.

What the EA does is it takes the first three letters of the symbol and calls that the "Base Currency" the EA then takes the next three letters of the symbol and calls that the "Counter Currency"

Are those correct?[/quote]

IBfx mini symbol looks like this: EURJPYm
so I would say that is not the problem, unless internally the symbol is different from ibfx .

I never had any data that was filled in up in the top left .
It was always like there was no communication between the EA & the symbol.

I did notice another poster said he could not get it to work on IBfx as well.
Maybe drop Skyline a pm as he seems to have a working IBfx EA & compare notes.
  • #899
  • Oct 14, 2008 8:27am Oct 14, 2008 8:27am
Quoting tommyd
IBfx mini symbol looks like this: EURJPYm
so I would say that is not the problem, unless internally the symbol is different from ibfx .

I never had any data that was filled in up in the top left .
It was always like there was no communication between the EA & the symbol.

I did notice another poster said he could not get it to work on IBfx as well.
Maybe drop Skyline a pm as he seems to have a working IBfx EA & compare notes.
If the EA isn't posting comments:

  1. Check the journal for any errors. I'm trying to figure out if you're using the right CCFP indicator.
  2. Check for any conflicting comments from other indicators on the same chart.

  • #900
  • Oct 14, 2008 8:32am Oct 14, 2008 8:32am
Quoting Paris Hilton
I'm using FXDD. Yesterday I traded at 3 different times at 3 different 4 hour candles. My total yesterday was a profit of almost +400 pips. The last 4 hr candle the trades stayed down for all 4 hours with a negative balance, then about 15 minutes later after the 4 hours was finished it went into positive and i closed it with about +40 pips profit out of 7 trades in the basket. With FXDD it seems it always starts off negative for an hour or two before going positive. I notice others using GMT time brokers like interbank and alpari that the basket of trades go into the positive within the first 10-15 minutes. Not so with FXDD as FXDD is not GMTtime. Paris

Paris same broker. Since FXDD is gmt+3 maybe that's an issue. I know that another member did an analysis of the FXDD trades yesterday and had you waited it out the trades would all have ended in profit.

I reread ES trader's description of the system and didn't see any mention of GMT. But maybe that's a factor. My trade on the 4:00 candle took off right away and made 300 pips in less than 1 hour. Unusual for fxdd but nice.
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