Trading system using relative strength

No i´m using 0.01.
I attached .set file, maybe you can understand what´s going on.

I will mess with some settings an see if it works.

Indicators cannot place trades. EAs do that.

Dear RR

So to make the EA work need to do :

1 - copy CCfp to Experts/indicators

so any other file need to be attached some where ? els than the main EA that go to : Experts folder


your help is highly appreciated

Ronald, just placed your EA on a Standard IBfx account & all is well.

Thanks for your great work and patience with all the repetitive questions.

Gosh I know it must be such a pain in the rear to try to help solve so many other people's problems. Try not to let it get to you, I guess it is one of the downsides when you are as gifted a person as yourself.
Someday you will decide it ain't worth the hassle answering all these questions and that day will be this communities loss.
Thanks for all your hard work.

Tom

5 digits quoting from AlpariUK is - for now - only on demo accounts.
On the real accounts 4 digits quotes stay.

Here's what I've done. I've loaded on one chart 4 separate CCf charts. A 4 hour, one hour, 30 minute and 5 minute, for a visual of how things are changing in 4 hours. You do this by firest loading a second CCF chart, and calling that number 2, and then changing the time frame to one hour. You then have to play with the settings to make sure you move the second chart over, so it doesn't sit on top of the first one. On number 2, the x offset com is 180, y is o, x histo is 420, y is 0. On chart 3, x offset is 390, y is 0, x histo is 420, and y is 0. The fourth chart is x offset at 620, y at 0, x histo at 620 and y at 0. All of them are set at trade level 1. When it's at 2, there wasn't any trades on the 30 minute and 5 minute charts. Am just playing with this to see if I can detect either an up or downtrend on a particular currency for either getting out earleir, or scalping. Hope it helps someone.

Relative Strengath Data from 0 GMT cande till 20 GMT candle 16/10/2008

Excel Sheet with Graphical Form

Based on the graph I booked some contracts and got +500 pip now

paradoxical,

I posted the same thing a few posts above. Not quite sure how to use it yet though. On yours, change your line chart color to "none" and you won't have the line crossing your info.

Dear Thread,

Vols are dying, the markets are ranging. In short, with this divergence-from-mean, trend-following indicator, you're poised to get whacked. What is needed is research work and not EA work. Just like you can make 2000 pips in a hour, you can also lose it. Hence, some research questions for those good minds out there in FF land:
1) Why couldn't one analyze a basket in the same way that is done for pairs trading: normalizing the deviation of the basket and trading it in a convergence fashion, i.e. when the portfolio is 2-3 standard deviations from "normal" you could then bet on the convergence of various currency pairs.
2) What are the factors that should go into the construction of a basket? That is so say, basket trading is more of a portfolio approach than a trading approach. And that is its possible edge: it's no small thing not to have to manage individual trades with individual stop levels and TP levels. Rather, take a portfolio risk per basket, for example 1%, and a portfolio TP, for example, of 2-4%. You're hoping by taking a scattershot approach to the trading (i.e. aim wide with many trades) that some will, as a famous trader once said to me, "stick to the wall" while the others won't hurt you too much. The real "wisdom" of basket trading seems to be in the construction of the basket based on a particular trigger(s) and other possible factors and then managing the risk of the basket. Since you see online that you can make 2000 pips in an hour, the trick, then, is managing the risk----exactly what hasn't been spoken about nearly enough on this thread yet. You could construct a basket using various triggers; you could construct a basket that is hedged; that is based on swap; that is based on both swap and on hedge; that is totally based on convergence; on divergence (ES Trader's idea); that is both convergence and divergence. You could trade a few baskets at once. Etc. etc. etc.
3) What are the characteristics of a "good" basket? What factors, in fact, are you really trying to understand?
4) In the construction of a basket, should one normalize for correlation at all?
5) Should one normalize for volatility at all?
6) What are best-parameter RRs? ---What should the stop be and what should the TP be on the basket as a whole?
8) Could and should one trade different sets of baskets in two different accounts and how would that work?

---I think that if one were to really research this and understand the guts of it, and given the fact there is so little literature on it, you'd find a good and sustainable edge.


Lenoxer

Oh, yeah, only Scripts and EA's, Woops. Thought it would be cool though

And if someone could still please send me the Metatrader source code for the indicator it would be much appreciated.

Thanks,

Lenoxer

Ben, mine is almost identical to yours. I must have seen it, and didn't remember it when I did my thing. I don't know how to use it yet, either. Except perhaps doing some scalp trades when the 5, 30, hour and 4 hour all match. Thanks for the tip on getting rid of the line.

I just take level 5 trades. At +100 pips on aud/jpy sell.

Lenoxer look here bottom of page for ccfp.mq4 attachments.
if that is what you are asking for.

http://articles.mql4.com/484

i also took the trade, but with level 2:
i also set TP on each pair. TP is a support line from the H4 chart

i let it run overnight and hope they will be hit, if so that will be about 1100 pips (could be more with lower trade level)

following the ES Trader's 1st post rules !

I cannot imagin +1000 pip booked now

thanks ES

cjd I've been taking level 3 and 4 trades on the hour. Had some good success. Smaller number of trades and more manageable risk

had a nice sell on aud/jpy. just looked at the strongest and weakest currency and they were both moving in the right direction.

I'm putting 150 pip take profit and 150 pip stop loss on each trade. After the 4 hrs is over close the trade where it's at so long as there's not a continued signal on the indicator. What do you think? Paris