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Trading system using relative strength

  • #901
  • Oct 14, 2008 8:35am Oct 14, 2008 8:35am
I've been running Ronald's EA since yesterday and it's working like a champ...

It wasn't placing any trades at first then i put the CCFp.ex4 file in my indicators folder and it started working... try that...

FerruFX, your indicator is excellent and i'm using it to trade manually...

Great work on these guys, it's really appreciated it...

ES_trader, thanks for sharing this awesome system...
  • #902
  • Oct 14, 2008 8:38am Oct 14, 2008 8:38am
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, I guess this is due to the relative low pairs that FXDD offers , infact tipically from my experience with FXDD trades opened range from 7 to 9/10 (on a total of 19 currencies) while with IBFX range from 10 to 13/14 ( on a total of 24 currencies)
  • #903
  • Oct 14, 2008 8:56am Oct 14, 2008 8:56am
Quoting WedWed
Thats goood

which level you use on CCFp-Diff ?
level set to 1
  • #904
  • Oct 14, 2008 9:07am Oct 14, 2008 9:07am
IS anyone having trouble getting the newest version attached to a chart. I have loaded it three times to my Metatrader, it shows up in the custom indicator list but refuses to attach to any charts - any help?
  • #905
  • Oct 14, 2008 9:10am Oct 14, 2008 9:10am
Quoting forenxe
More than 3200 pips!!!

Totally manual, just like my grandma did it.
wow, great stuff...

How soon after 4H candle closes are you placing trade?

Also, which level are you using on CCFp-Diff indicator?
  • #906
  • Oct 14, 2008 9:12am Oct 14, 2008 9:12am
Hi FerruFx!

I have toticed that your indicator shows BUY for AUD/USD in last couple hours but in reality it went down for more than 1200 pips since than. I am confused, could you explain please. Thanks



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
  • #907
  • Oct 14, 2008 9:15am Oct 14, 2008 9:15am
Quoting mitchp
IS anyone having trouble getting the newest version attached to a chart. I have loaded it three times to my Metatrader, it shows up in the custom indicator list but refuses to attach to any charts - any help?
No Mitch it loaded right up. Maybe it got corrupted in the download? Try another dl maybe? It's a very nice improvement. You could trade off of FerruFX's indicator alone imo.

Sandy
  • #908
  • Oct 14, 2008 9:20am Oct 14, 2008 9:20am
Originally Posted by FerruFx http://www.forexfactory.com/images/buttons/viewpost.gif
Here's attached the last version with some improvements:


The defult set by you for trade level is 2 and it takes up mostly AU trade
if I change to 0 the list of trade is more than the level 2 trade

Do you suggest that by using 2 we will only take up strong trades
  • #909
  • Oct 14, 2008 9:26am Oct 14, 2008 9:26am
Decided to stay out of this session as a lot of the buys had pin bars.

Dan
  • #910
  • Oct 14, 2008 9:27am Oct 14, 2008 9:27am
its like i have catched all the retracements, over 900pips down

anyone made the same basket-trade on alpari?
Attached Image (click to enlarge)
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  • #911
  • Oct 14, 2008 9:28am Oct 14, 2008 9:28am
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
To follow up it looks like the trades for the 8:00 candle sare following the same pattern of early drawdown. Hopefully recovery before the next 4 hour candle
  • #912
  • Oct 14, 2008 9:29am Oct 14, 2008 9:29am
me..

down 470pips now.


Quoting sentinel777
its like i have catched all the retracements, over 900pips down

anyone made the same basket-trade on alpari?
  • #913
  • Oct 14, 2008 9:29am Oct 14, 2008 9:29am
I haven't read all 60 some odd pages but curious how do you determine exit, do you wait for the time period to be up and close trades? What is the worst drawdown someone has experienced so far? Thanks!
  • #914
  • Oct 14, 2008 9:29am Oct 14, 2008 9:29am
Quoting kramlon
Hi FerruFx!

I have toticed that your indicator shows BUY for AUD/USD in last couple hours but in reality it went down for more than 1200 pips since than. I am confused, could you explain please. Thanks
No method is right 100% of the time.
  • #915
  • Oct 14, 2008 9:38am Oct 14, 2008 9:38am
Quoting fxRichard
I haven't read all 60 some odd pages but curious how do you determine exit, do you wait for the time period to be up and close trades? What is the worst drawdown someone has experienced so far? Thanks!
Some wait for the close of the 4 hour candle to exit
Others decide how much profit they want and exit if they reach it or come close.

I'm at 11% drawdown now on a demo account. FXDD seems to go down initially rather than up like accounts on other vendors.

Sandy
  • #916
  • Oct 14, 2008 9:41am Oct 14, 2008 9:41am
Quoting fxRichard
I haven't read all 60 some odd pages but curious how do you determine exit, do you wait for the time period to be up and close trades? What is the worst drawdown someone has experienced so far? Thanks!
I can't speak for the other members, but I'm using a 100 pip sl and a 30 pip ts. Move to breakeven + 1 at 30 pips.
  • #917
  • Oct 14, 2008 9:42am Oct 14, 2008 9:42am
Wow... Ferru... Great work pal... as always

The new version rocks...
If you are looking for a forex book, ask me!
  • #918
  • Oct 14, 2008 9:44am Oct 14, 2008 9:44am
Very strange, my broker is Alpari as well but indicator looks completely different. In fact it shows only BUYs in last 4 hours, not a single SELL.




Quoting sentinel777
its like i have catched all the retracements, over 900pips down

anyone made the same basket-trade on alpari?
Attached Image (click to enlarge)
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  • #919
  • Oct 14, 2008 9:54am Oct 14, 2008 9:54am
Quoting kramlon
Very strange, my broker is Alpari as well but indicator looks completely different. In fact it shows only BUYs in last 4 hours, not a single SELL.
its not strange, we just have different trading-levels (i have set it to 1)
  • #920
  • Oct 14, 2008 9:55am Oct 14, 2008 9:55am
Ronald ,
Here is a screen shot of the expert install,
the chart showing the upper left corner where the info should be,
& the indicators I have.
Obviously there is some problem with the indicator from what I see.
The indicator loaded is the "b" version. but maybe the EA references the original version which has been said to be incompatible with IBFX mini accounts.
Attached Image (click to enlarge)
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