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Trading system using relative strength

  • #941
  • Oct 14, 2008 10:43am Oct 14, 2008 10:43am
IBfx 4hr bar due up in 20 min.. (joke)
  • #942
  • Oct 14, 2008 10:49am Oct 14, 2008 10:49am
More or less I took similar trade and did a comparison of trade
with Alpari because I have demo of both FXDD and Alpari

The pricing is same on both but Alpari is more fast in acton but
the end result is the same

If you are using the New Indi CFF Diff you can notice that
GBP green colour is almost empty,Aud green colour has reached the
top. It could be a warning that a trend reversal is happenng

EU red colour has reached the bottom

All the cuurencies were high from Asia session onwards

May be we have to notice the Sign below of the indicator also in the next session
  • #943
  • Oct 14, 2008 10:49am Oct 14, 2008 10:49am
Whenever you see "Current + [a number]" do they match?

Ronald,

Yes, all = current +0 or current +1. If eachtickmode is set to true then it appears current is set to 0 and if false it is set to true. (if (EachTickMode) Current = 0; else Current = 1 Thus if set to true we are checking previous bar to current versus checking the 2 previous bars against one another per the system rules.

Really just trying to understand why you replied "true" in quote I cited previously.

Thanks,

saintmo
  • #944
  • Oct 14, 2008 10:52am Oct 14, 2008 10:52am
Quoting MrPip
I am attaching a modified version that adds whatever character is required by the broker.

Basically looks at the lenght of Symbol and if it equals 7 uses the 7th character to add to the symbol names.

So now if the symbol is an "m" it will add an "m", if an "x" it will add an "x".

No other changes were made.
Robert aka MrPip
Ronald.

Maybe this would be a good CCFp indicator to use in the EA . (click MrPip)
  • #945
  • Oct 14, 2008 10:56am Oct 14, 2008 10:56am
Ronald,

Is it possible to add a routine in the EA that continually tries to execute an open order until it succeeds or for x number of times to try to get around the context busy issues?

Thanks,

saintmo
  • #946
  • Oct 14, 2008 10:56am Oct 14, 2008 10:56am
Quoting harigp
More or less I took similar trade and did a comparison of trade
with Alpari because I have demo of both FXDD and Alpari

The pricing is same on both but Alpari is more fast in acton but
the end result is the same

If you are using the New Indi CFF Diff you can notice that
GBP green colour is almost empty,Aud green colour has reached the
top. It could be a warning that a trend reversal is happenng

EU red colour has reached the bottom

All the cuurencies were high from Asia session onwards

May be we have to notice the Sign below of the indicator also in the next session

Excellent point, I will experiement a bit on the next session.
  • #947
  • Oct 14, 2008 10:59am Oct 14, 2008 10:59am
Quoting tommyd
Ronald.

Maybe this would be a good CCFp indicator to use in the EA . (click MrPip)
This will work only if the broker add just 1 caracter after the symbol. This isn't always the case ... Knew of a broker with 2 '..' added.

Instead of substract only the 7th, better to take the 7th, 8th and 9th for example ( StringSubstr(Symbol(),6,3); ) and add to the symbol whatever is find (1-2 or 3 caracters).

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #948
  • Oct 14, 2008 11:06am Oct 14, 2008 11:06am
Quoting saintmo
Whenever you see "Current + [a number]" do they match?

Ronald,

Yes, all = current +0 or current +1. If eachtickmode is set to true then it appears current is set to 0 and if false it is set to true. (if (EachTickMode) Current = 0; else Current = 1 Thus if set to true we are checking previous bar to current versus checking the 2 previous bars against one another per the system rules.

Really just trying to understand why you replied "true" in quote I cited previously.

Thanks,

saintmo
Note you have Current + 0 and Current + 1, I have Current + 1 and Current + 2, that may be why. I've updated the EA.

Quoting saintmo
Ronald,

Is it possible to add a routine in the EA that continually tries to execute an open order until it succeeds or for x number of times to try to get around the context busy issues?

Thanks,

saintmo
As long as a signal is valid for a tick, the EA should be trying to place an order. So, that should already be there unless TradeContextError stops the EA.
Attached File(s)
File Type: mq4 Relative Strength EA.mq4   20 KB | 1,250 downloads
  • #949
  • Oct 14, 2008 11:07am Oct 14, 2008 11:07am
Quoting saintmo
Ronald,

Is it possible to add a routine in the EA that continually tries to execute an open order until it succeeds or for x number of times to try to get around the context busy issues?

Thanks,

saintmo
It isn't good to treat the 'trade context busy' like this. This error is because more than 2 orders are trying to be filled at the same time. A loop may be solve this but may put the platform busy again and again.

There's some functions in MT4 to check if the context is busy. Then the EA won't send the request for that time.

Example: if(!IsTradeContextBusy() && IsTradeAllowed()) { BUY/SELL }

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #950
  • Oct 14, 2008 11:22am Oct 14, 2008 11:22am
Quoting Wahnone
Hello guys. My approach to this system has been very profitable. Here it is:

At the beginning of every 4hour candle, I Check the plus and negative signs in the modified indicator. I then trade 5 different pairs accordingly. I use the CloseTradeWhenAccoutProfitReached Expert advisor to pick my profits when I am at a $50 profit for a mini account and $500 for a standard account. I let the trade run until the end of the 4hr bar if the profit is not reached. The pairs I trade, I pick them randomly and trade them according to their strenght/weakness. So far, I have had 8 sets of trades, I did three last week and I have already done 6 this week(3 yesterday, 2 today). Only one didn't get to the profit level and at $50 but I stopped it at the end of the 4hr for $35 loss on the mini account. The reamaining seven have averaged about $65 each on the mini account. 2 trades today on the standard account for $1357 profit. My broker is Liteforex.org.
I hope this will help some people.
(All these trades were taken on a demo account.

Hi Wahnone,
If it's not too much trouble. Could you post this expert advisor here please.

Many thanks,
Kat
  • #951
  • Oct 14, 2008 11:24am Oct 14, 2008 11:24am
Don't know about anyone else but my IBfx demo feed has been down for 15 minutes now. Right after I placed my trades.....

They're being mean now.
  • #952
  • Oct 14, 2008 11:27am Oct 14, 2008 11:27am
Quoting tommyd
Don't know about anyone else but my IBfx demo feed has been down for 15 minutes now. Right after I placed my trades.....

Their being mean now.
Me too !
  • #953
  • Oct 14, 2008 11:27am Oct 14, 2008 11:27am
FerruFx,
I just watched the new 4H chart on IBFX change over on Ver 1.01 and Ver 1.02 at the 11AM central time and there are some differences. Both were set on trade level 0. Example there were two sell orders on ver 1.01 not listed on ver 1.02. There were 8 Buys of ver 1.01 and 10 listed of ver 1.02.
Is there a problem?
Thanks for your work!
  • #954
  • Oct 14, 2008 11:30am Oct 14, 2008 11:30am
Quoting cuddlebum
FerruFx,
I just watched the new 4H chart on IBFX change over on Ver 1.01 and Ver 1.02 at the 11AM central time and there are some differences. Both were set on trade level 0. Example there were two sell orders on ver 1.01 not listed on ver 1.02. There were 8 Buys of ver 1.01 and 10 listed of ver 1.02.
Is there a problem?
Thanks for your work!
V1.01 and v1.02 have absolutely no difference in calculation.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #955
  • Oct 14, 2008 11:33am Oct 14, 2008 11:33am
Excellent point, I will experiement a bit on the next session.

Hi mitchap

I liked the Ink bottle in the Indicator. Another observation i have done is
to see the trend of the 8 ink bottle open 15 to 1 hour chart and attach
the indicator and you will know the direction of the currency before you
go in for the 4 hour candle

The four hour chart shows us the ink level only after the close of the candle
  • #956
  • Oct 14, 2008 11:46am Oct 14, 2008 11:46am
Quoting harigp
Excellent point, I will experiement a bit on the next session.

Hi mitchap

I liked the Ink bottle in the Indicator. Another observation i have done is
to see the trend of the 8 ink bottle open 15 to 1 hour chart and attach
the indicator and you will know the direction of the currency before you
go in for the 4 hour candle

The four hour chart shows us the ink level only after the close of the candle

The only thong that would make the FerruFX indicator better is if it was multi timeframe. So you could click from M30 to H1 to H4 and it would adjust the bars and recommendations (hint hint )

Hari I think it was you who mentioned looking at the color indicators to see where they were positioned. I went back and looked at the one pair I have from 8 am that's been performing well - usdcad. Both usd and cad were right in the middle. The others were topped or bottomed.

Sandy
  • #957
  • Oct 14, 2008 11:56am Oct 14, 2008 11:56am
@ FerruFx;

I noticed that sometimes I have to refresh/reset the indicator to display the correct pairs to trade.

TimeFreedom

Quoting FerruFx
V1.01 and v1.02 have absolutely no difference in calculation.

FerruFx
  • #958
  • Oct 14, 2008 12:02pm Oct 14, 2008 12:02pm
Quoting harigp
Excellent point, I will experiement a bit on the next session.

Hi mitchap

I liked the Ink bottle in the Indicator. Another observation i have done is
to see the trend of the 8 ink bottle open 15 to 1 hour chart and attach
the indicator and you will know the direction of the currency before you
go in for the 4 hour candle

The four hour chart shows us the ink level only after the close of the candle
Hey a little MTF action , that is interesting. I can see it.
  • #959
  • Oct 14, 2008 12:02pm Oct 14, 2008 12:02pm
It's probably a good idea not to trade during the opening of Ny session and London where banks are throwing alot of money and changing the direction of the trend. This method may work better during the end of NY session and Asian session. Paris
  • #960
  • Oct 14, 2008 12:06pm Oct 14, 2008 12:06pm
Hello FerruFX,

Your latest version of CFF Diff is absolutely perfect.
It is also a work of art!

Thanks so much...
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