Trading system using relative strength

Quoting saintmo

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I don't know whether this will help you or not but what I did was set values of 5 through 11 for the minutesdelay start parameter for the nineteen pairs I am trading instead of using the same default value of 10 for all pairs. Consequently there are at most 3 pairs trying to open at the same time. It did seem to help reduce the number of context busy errors for me. Instead of getting 6 or 7 I now may get 1.

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Quoting RickW00716

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I think you may be on to something with the way you traded the different timeframe...maybe when volatility calms down the lower timeframes could be the way to go(tighter stops and smaller TP's though)
Just a thought

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Quoting Paris Hilton

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Losing money on all 3 four hour candles today. I think the party's over.

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Quoting BenQ

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That's interesting, Pipo. But sometimes I find that I have to switch back and forth TF's for the indi to update. Someone else reported that earlier too. So you may have to do a lot of switching with all those TF's you have.

I like your timer color. Did just a color change make it bolder, or did you do something else?

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Quoting RaverStyleTim2

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omg. once again my indicator just start showing just buys again. my level is at 2 and even at 0 its just all buys O.o nothing even changed in my settings using cpf dif 1.02

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Quoting Pipo

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I

BenQ, I haven't noticed any problems with mine, I it seems to refresh once the candle time ticks over and a new signal comes in. re timer color I haven't done any changes to it.

My level settings in the att. of my previous post was on 0. I have now changed it to 2 just to see if we can do ome cherry picking.

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Quoting cobraforex

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Uffff, it took me four hours to read the entire thread, over reading some posts.
This is a really promising strategy, congrats EStrader. I fell that you need a strong market condition to have success with the calls. Thanks also to FerroFX for the excellent work on the indicator, I feel that it runs smoother than the original one and the overall view is very easy. I sure that you will develop it even more, for example should be helpful to know the spread for each pair before the arrow.
Some traders mentioned that there should be some kind of filter to avoid bad trades, there is one and that is the only one that works, it is you.
Every trade should be investigated if it’s worth to take or not and not blindly follow the Indicator to take a trade.

You have plenty of time; let’s say 15M before and after the indicated candle closed to find a good entry on lower TF or at the end to decide not to take it.
I think it is not that easy just run with the original rules and an indicator and go, it will help a lot to know about candlestick formations and pattern, respecting TL’s, Psychlines, Fibs etc. There are pairs that have huge spreads and a bad decision can cost a lot, you win more not to trade than to trade bad.

I will give it a try on two different Broker times, but during Europe and London overlapping (like I mentioned before, I think this system need speed) after studying the system rules very well. The TP I see as a little difficult but the are some EA’s that take profit at a specified amount, could be a possibility or an EMA cross, until a trader collects some experience when to get out of the trades.

EStrader, please let me know if I’m talking BS and it is necessary to trust the indicator blindly.
BTW, it is amazing how fast this thread grows.
Thanks again
Cobra

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Quoting TimeFreedom

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@ FerruFx;

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

TimeFreedom

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Quoting ahendon

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I love this thread and I love the thinking and thoughtfulness and work that everyone contributes. Truly inspiring - especially when one looks at the general condition of the world - to have people workign together like this is really inspiring.

As far as the system - ES laid out a brilliant framework - FerruFX and RR have added unbelieveable tools - and looking at the trades that were presented this morning it was obvious to me from both fibs and candles that the reversal was coming and no past based indicator (as they all are) could tell you that - those trades should have been skipped - I took them of course because I am looking to have things be easy and automatic - but ultimately thinking for oneself and being present will provide the largest opportunity to make pips.

Cobra's point is well made. An indicator that you follow blindly would need to be a Holy Grail for it to work all the time. Thank you for your contribution.

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Quoting asyik

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hi ferrux..
can u please re-programmed your latest indi.. with X n Y axis.. so that we can attach more indi.. with different time frame onto single chart... if u got time.. sorry if i ask too much.. u already given more than enough already bro..

Thanks in advance...

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Quoting Ronald Raygun

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As far as I know, there's only one EA on this thread...

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Quoting nubchai

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Rick I did it 2 more times later in the afternoon. I used a TF of 60 and a trade level of 2. Two Aud pairs came up but I only had one on FXDD. So I traded it and got around 35 pips. Then I dropped the trade level down to 1 and got almost all of the pairs. I traded 1 pair and lost the trade. So tomorrow I'll use a minimum of 2 on the trade level.

I'm sure FerruFX didn't intend for it to be used this way but it's still trade selection based in part on relative strength with a filter thrown in.

Sandy

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Quoting BenQ

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So are you only taking trades if all TF's signal the same trade? In other words, you would only trade eurusd, for example, if it was a sell on every TF?

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Quoting goldcourse

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FerruFX,

On my IBFX mini, the current 4H trade @ GMT00 the USD indicator on CCFFp_diff v1.02 is showing green whereas when I do manual calculation it shud be red...

Reading of candle @ GMT20:00 on 10/14 was 0.0292 and
Reading of candle @ GMT16:00 on 10/14 was 0.0297

Therefore it shud be -5 (0.0292-0.0297)

Am I doing it wrong?

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Quoting ES Trader

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Hi Everyone,
Eventhough we all have been making lots of green pips for the last few days,

Please note the system does lose money.

Make sure you put stop loss and trade with the money that you can afford to lose.
May be it was all the volatilty that happened was responsible for all the positive pips.
thanks
Kris

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Quoting akukaya

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Last night, I got big loss too without SL (reverse trade happen).

I refer to FerruFX latest indicator, even with trade level 3 or 4, the pairs running at reverse.

Lesson learnt, must put SL!!
or the system no more effective??

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