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Trading system using relative strength

  • #1,061
  • Oct 15, 2008 12:48am Oct 15, 2008 12:48am
mY Trade just closed with close all trade I set the pip as 150 hit the target
and closed
  • #1,062
  • Oct 15, 2008 12:53am Oct 15, 2008 12:53am
Quoting trendspider
Yesterday I got burned entering Aud/Usd Buy as the indicator suggested while the price was going down.

Thought of a simple way to avoid this by consulting the Stochactic indicator with these settings (5,3,3 - Close/Close - Exponential).

I should not enter if the Stoch direction does not agree with the Indicator's recommendation. I'll test this method more in the comming sessions.

Thanks for the great efforts you ppl put in this thread. I wish you Green pips today and after

TS
Good to look for filtriation... i will expirment your idea man ..
Never sell @ lower upward channel unless breacked and vise versa .
  • #1,063
  • Oct 15, 2008 12:59am Oct 15, 2008 12:59am
10min more .. see where i am ... Thanx all friends here..
Attached Image
Never sell @ lower upward channel unless breacked and vise versa .
  • #1,064
  • Oct 15, 2008 1:14am Oct 15, 2008 1:14am
That's great WedWed, when will you take profit. Also can you tell me which broker you use and what time period are they one.
  • #1,065
  • Oct 15, 2008 1:27am Oct 15, 2008 1:27am
Quoting mitchp
That's great WedWed, when will you take profit. Also can you tell me which broker you use and what time period are they one.

hi mitchp
i close them manually (so difficult) with profit +450 pips

I am really in problome with managing profit or loss .. i dont know when shall i close exactly

Edit: Proker FXDD , time: 8:15
Never sell @ lower upward channel unless breacked and vise versa .
  • #1,066
  • Oct 15, 2008 1:43am Oct 15, 2008 1:43am
Quoting WedWed
hi mitchp
i close them manually (so difficult) with profit +450 pips

I am really in problome with managing profit or loss .. i dont know when shall i close exactly

Edit: Proker FXDD , time: 8:15
WedWed,

This is my suggestion...

Set TP @ 1% of equity balance at the start of each basket of trades using EA...CloseAtEquityAmount v1.0

Set SL @ $ amount equivalent to 2% of your account balance using EA...CloseTrades_After_Account_Loss_TooMuch

I think this will help and that is what I did the last basket of trades except for one trade due to error 168(not sure what is it) when the EA trying to close. I will close it when it turn positive later.

All this happen without me present at my computer.
  • #1,067
  • Oct 15, 2008 2:03am Oct 15, 2008 2:03am
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.
What indicator version do you use?
  • #1,068
  • Oct 15, 2008 2:03am Oct 15, 2008 2:03am
FerruFX the new indicator looks amazing, but it is doing something I don't understand. On some of my charts it is showing only 4 currencies to buy, while on other charts it is showing 6 currencies to buy and on other charts it is showing a mixture of buys and sells for 15 currencies.

I am on IBFX and the indicator is on the default settings which nothing changed. Why would it not be consistent on all charts?
  • #1,069
  • Oct 15, 2008 2:07am Oct 15, 2008 2:07am
Quoting noangel
FerruFX the new indicator looks amazing, but it is doing something I don't understand. On some of my charts it is showing only 4 currencies to buy, while on other charts it is showing 6 currencies to buy and on other charts it is showing a mixture of buys and sells for 15 currencies.

I am on IBFX and the indicator is on the default settings which nothing changed. Why would it not be consistent on all charts?
Again, this is the refreshing issue which I am solving in the new release.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,070
  • Oct 15, 2008 2:26am Oct 15, 2008 2:26am
Here's attached the new release of the CCFp-Diff.

1. Added X and Y offset to move each box (histograms and/or comments) wherever you want on chart

2. Added an Indicator_ID_Number to be set with a different number each time you attach a new indicator on the same chart

3. Solved the refreshing issue

4. Remove the alert for each pair and replace it by an alert at the new bar start (bar from the TF settled in the inputs).

5. Add the TF on the histo box to retrieve the right one if more than 1 is attached on chart

Hope you will enjoy this new one like the previous!

Thanks again for your support and motivation.

FerruFx
Attached File(s)
File Type: ex4 CCFp-Diff_[v1.03].ex4   105 KB | 3,556 downloads
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,071
  • Oct 15, 2008 3:03am Oct 15, 2008 3:03am
Hi ES,

Thanks for this great system.
Can you share some experience in trading this system with FUTURE brokers. FUTURE does not have so many pairs, any problem? Which MT4 should you run the system when you trade in FUTURE?

For info, I am using Interactivebrokers.

By the way, curious to know how does this system compare to Trader101 basket system?

Quoting ES Trader
Fourx
You can also trade thes e currencies in the futures market( of course you will need lot more margin, but better than forex brokers since futures brokers are well regulated) using this sytem. I made close to 4 grand in 0ne hr .
Kris
  • #1,072
  • Oct 15, 2008 3:09am Oct 15, 2008 3:09am
First basket of the day - 9.00 am gmt. Trades generated by FerruFx's indi with Trade_Level set to 2.

My trade manager is set to close them at 1% profit. Let's see.

Attached Image (click to enlarge)
Click to Enlarge Name: basket.gif Size: 84 KB
  • #1,073
  • Oct 15, 2008 3:17am Oct 15, 2008 3:17am
Fast in-Fast out

4am EST
opend 11 trades

results
120pips on IBFXm live in 5min closed by EA(what a scalp)

Thanks ES Trader
  • #1,074
  • Oct 15, 2008 3:20am Oct 15, 2008 3:20am
Quoting FerruFx
Here's attached the new release of the CCFp-Diff.


FerruFx
Thanks Ferrufx very nice, thankyou very much ES.

For those that perhaps wonder where to exit. How about taking fewer trades getting good entries and exiting at pivots, round numbers or fibs, i.e. use this for targeting the strongest and weakest and then trade normally.

On the last signal (fxdd i.e. fewer pairs) aud is by far the strongest and jpy the weakest so thats trade 1, next trade would be audusd.

The attached 5 min charts show nice higher lows for both buy signals. Higher lows/lower highs gives you a nice entry with a tight stop. This gives you good MM and this great system enables you to target the weakest with the strongest.

Apologies if I've missed this if discussed in the thread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 10 KB
Click to Enlarge Name: audusd.gif Size: 10 KB
Attached Image
  • #1,075
  • Oct 15, 2008 3:36am Oct 15, 2008 3:36am
Opening seven positions manually: 1 minute.
Setting 20 to 30 pips TP on each position: 2 minutes.
Time taken to bank 162 pips: 7 minutes
ES Trader method plus Ferru FX Indicator: Priceless
  • #1,076
  • Oct 15, 2008 4:06am Oct 15, 2008 4:06am
Quoting shiva
Opening seven positions manually: 1 minute.
Setting 20 to 30 pips TP on each position: 2 minutes.
Time taken to bank 162 pips: 7 minutes
ES Trader method plus Ferru FX Indicator: Priceless
wow..well said,,,

using H4 or H1 setting??

Sonic
  • #1,077
  • Oct 15, 2008 4:07am Oct 15, 2008 4:07am
nice one shiva
  • #1,078
  • Oct 15, 2008 4:26am Oct 15, 2008 4:26am
H4, but Sonic, Ferru's indicator considers and signals for only H4 no matter which timeframe it is on. Or am I wrong? Because I tested it on H1 and the message "Bar end" still showed 02:33::33

Quoting sonicdeejay
wow..well said,,,

using H4 or H1 setting??

Sonic
  • #1,079
  • Oct 15, 2008 4:32am Oct 15, 2008 4:32am
Quoting shiva
H4, but Sonic, Ferru's indicator considers and signals for only H4 no matter which timeframe it is on. Or am I wrong? Because I tested it on H1 and the message "Bar end" still showed 02:33::33
As stated in an earlier post, the timer is for the TF watched by the indicator, not the one where it is attached.

If you set in the inputs Timeframe = 60, even on a H4 chart the timer will alert each H1 bar because the indicator watch and display the results for a H1 chart.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,080
  • Oct 15, 2008 4:36am Oct 15, 2008 4:36am
Thanks Ferru, I missed that one

Quoting FerruFx
As stated in an earlier post, the timer is for the TF watched by the indicator, not the one where it is attached.

If you set in the inputs Timeframe = 60, even on a H4 chart the timer will alert each H1 bar because the indicator watch and display the results for a H1 chart.

FerruFx
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