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Trading system using relative strength

  • #1,081
  • Oct 15, 2008 5:04am Oct 15, 2008 5:04am
FerruFX, this version is brilliant, makes it so much easier. Thank you
  • #1,082
  • Oct 15, 2008 5:11am Oct 15, 2008 5:11am
I placed the trades recommended by the FerruFX indicator and they are all in profit !! I really like this new version of the indicator. Excellent system ES
  • #1,083
  • Oct 15, 2008 5:14am Oct 15, 2008 5:14am
This is kind of a DAH question. What is the difference between a script and an EA. I have a basic understanding of how an EA works but where do you place a script indicator in your MT4 files?
  • #1,084
  • Oct 15, 2008 5:20am Oct 15, 2008 5:20am
Quoting ozziedave
This is kind of a DAH question. What is the difference between a script and an EA. I have a basic understanding of how an EA works but where do you place a script indicator in your MT4 files?
Place the script in the /experts/scripts/ folder.

An EA is attached, run and remain on chart until you remove it.

A script is attached, run ONE time (execute what it is supposed to do) and then deinit itself from the chart.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,085
  • Oct 15, 2008 5:20am Oct 15, 2008 5:20am
Just stupid quastion..???

Is it possible Same Trade with diffrent Brokers (have diffrent time ) give result 1 positive and other negitive ??

The brokers have diffrent time
BUT the price is price not change ( a small change not effect )
Never sell @ lower upward channel unless breacked and vise versa .
  • #1,086
  • Oct 15, 2008 5:23am Oct 15, 2008 5:23am
Quoting WedWed
Just stupid quastion..???

Is it possible Same Trade with diffrent Brokers (have diffrent time ) give result 1 positive and other negitive ??

The brokers have diffrent time
BUT the price is price not change ( a small change not effect )
What is important in this strategy is the start of the H4 candle. And YES the results can be drastically different because each broker with different time zone will have a different H4 bar.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,087
  • Oct 15, 2008 5:31am Oct 15, 2008 5:31am
Hi Ferrufx,

did you test wich broker is the best with your indi?

because me doing manually in Alpari, i have better results than with your fantastic indicator. Where is the problem?
  • #1,088
  • Oct 15, 2008 5:36am Oct 15, 2008 5:36am
Quoting FerruFx
What is important in this strategy is the start of the H4 candle. And YES the results can be drastically different because each broker with different time zone will have a different H4 bar.

FerruFx

ES Trader strategy based on Reliteve Strength betwen 4h bars, so the TIME is a factor in this strategy.


if we say ther is big diffrent time from Brokers (but all most same price )

means

This strategy Work with spsific time eg. Only GMT or only EST or or ..


what do you think??
Never sell @ lower upward channel unless breacked and vise versa .
  • #1,089
  • Oct 15, 2008 5:37am Oct 15, 2008 5:37am
Quoting forenxe
Hi Ferrufx,

did you test wich broker is the best with your indi?

because me doing manually in Alpari, i have better results than with your fantastic indicator. Where is the problem?
I don't have time to test the accuracy. My only concern is that the logic of the indicator respect the ORIGINAL system.

About brokers, we all know that the results are always different when the strategy is based on a particular bar time ... especially higher TFs.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,090
  • Oct 15, 2008 5:38am Oct 15, 2008 5:38am
Quoting WedWed
ES Trader strategy based on Reliteve Strength betwen 4h bars, so the TIME is a factor in this strategy.


if we say ther is big diffrent time from Brokers (but all most same price )

means

This strategy Work with spsific time eg. Only GMT or only EST or or ..


what do you think??
To be tested ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,091
  • Oct 15, 2008 6:17am Oct 15, 2008 6:17am
Hi guys, here mi entries of this morning, but not in the beginning of the 4hr candle, just at 9:30 Alpari UK. I had to suffer -100 pips in some pairs but now is recovering, you can see in the attached image.

Yesterday at 16.00 Alpari Uk the trades were terribly bad, but today are recovering also.

Perhaps this methos is for multiple accounts on different brokers with microaccounts and minimum leverage,, what do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: 1Estrader8.png Size: 13 KB
  • #1,092
  • Oct 15, 2008 6:35am Oct 15, 2008 6:35am
I think we cannot just use this system depending only on technical analysis, we must also use fundamental analysis. Try to use it when there is no heavy news at least 4 hours before we enter the market. This is just my opinion.
  • #1,093
  • Oct 15, 2008 6:53am Oct 15, 2008 6:53am
Guys,

Can anyone remember ES Trader mentioning whether to enter or not to trades during news time?
  • #1,094
  • Oct 15, 2008 7:14am Oct 15, 2008 7:14am
Quoting FerruFx
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

Hi Ferrufx.

I have your indi on my chart and it says level 2. Is this the standard setting? Do you get more pairs with level 1? What's the difference? Thanks, Paris
  • #1,095
  • Oct 15, 2008 7:23am Oct 15, 2008 7:23am
Quoting Paris Hilton
Hi Ferrufx.

I have your indi on my chart and it says level 2. Is this the standard setting? Do you get more pairs with level 1? What's the difference? Thanks, Paris
I set 2 as default as the previous version was at 5 and many of you here stated there's no trade suggestion just because the option was not understood ... or read!

So I try to re-explain again the purpose of the Level setting. Basically, the Level "0" is the EXACT result based on the CCFp indicator. All trades available are suggested according to the last 2 bars CCFp values movement. Increase the level would avoid the small moves.

Hope that helps.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,096
  • Oct 15, 2008 7:23am Oct 15, 2008 7:23am
Quoting alpin
I think we cannot just use this system depending only on technical analysis, we must also use fundamental analysis. Try to use it when there is no heavy news at least 4 hours before we enter the market. This is just my opinion.

I'm going to trade the Ferrufx indi calls on demo but if I were trading live today I would hold off. The pairs are selected based on relative strength. If news comes out after orders are placed and the news skews the RS of one or more pairs your basket results are up for grabs. Could be good or bad but quite a risk.
  • #1,097
  • Oct 15, 2008 7:25am Oct 15, 2008 7:25am
just traded with tradelevel 1 on ibfx, basket closed with -230pips

only 3 of 15 pairs were positive
  • #1,098
  • Oct 15, 2008 7:31am Oct 15, 2008 7:31am
Was you trade based on 4 hour candle close
  • #1,099
  • Oct 15, 2008 7:36am Oct 15, 2008 7:36am
Anyone in IBFX who enter the trade on new 4 hour candle 12:00GMT suffer huge of red pips. Unfortunate.....
  • #1,100
  • Oct 15, 2008 7:38am Oct 15, 2008 7:38am
Quoting harigp
HI qz10cq

Ideally I would like to tp as soon as possible example after 10-20min.(fast in-fast out) I dont like putting myself in shark infested water for too long.


The EA has to attached in one chart or on all the charts you are trading for

In the Input section I think I should type the amount of pip required

can you help on this
Any of these EA's have to go on their own chart, dosen't matter what chart but no additional ea's or indicators go on that chart. Yeah type in your target price and in the close ea how much your willing to lose.
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