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Trading system using relative strength

  • #1,201
  • Oct 15, 2008 7:45pm Oct 15, 2008 7:45pm
Quoting paradoxical
FerruFx, if I want to make the time frame on your CCFv1.03 indicator for one day, what entry would I put in the "time frame"? Would it be 1440? What would it be for a week? Thanks. Your indicator(s) are amazing!
Yes 1440 for D1 (thanks sonic) and 10080 for Weekly.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,202
  • Oct 15, 2008 7:47pm Oct 15, 2008 7:47pm
Quoting RickW00716
Do you think your indicator on a 15 min chart would give an accurate reading of strength for this timeframe?
Or do you think maybe that 30 min. would be the minimum timeframe to use?
Even a 15mins can be accurate for those who wants small pips scalping. The 15mins delay previously discussed is very large as the first refreshing tick for each needed pairs generally comes within seconds.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,203
  • Oct 15, 2008 7:51pm Oct 15, 2008 7:51pm
[Thanks FerruFX and the others who answered. Just wanted to make sure. quote=FerruFx;2283494]Yes 1440 for D1 (thanks sonic) and 10080 for Weekly.

FerruFx[/quote]
  • #1,204
  • Oct 15, 2008 8:17pm Oct 15, 2008 8:17pm
Hi Guys,

I don't have any experience with scripts and little with EAs. How do I set the parameters of the "2Protect Acct" script? I drag it onto my chart and I can see it is active, but I don't get any kind of pop up window asking for input parameters. Do you need to enter a position before you attach the script to your chart?

Is everyone using the EA called "Relative Strength EA"? If not which EA is in use?

Also, for the people using the CCFp-Diff_[v1.02] in multiple FT, are you keeping the "Trade Level" setting the same from TF to TF?
  • #1,205
  • Oct 15, 2008 8:37pm Oct 15, 2008 8:37pm
Quoting ozziedave
Also, for the people using the CCFp-Diff_[v1.02] in multiple FT, are you keeping the "Trade Level" setting the same from TF to TF?
Please update the version you use. The v1.03 has a major refreshing issue solved.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,206
  • Oct 15, 2008 9:14pm Oct 15, 2008 9:14pm
Thanks Nubchai for your help in getting my RR EA operational. Thanks also to Eureka also for your help in the last couple of days. Hooray, my EA is working just great now. I am impressed with it. I am stopped out of 4 trades of the 7 I just got into, and am down over 100 pips in the other 3. Hopefully, the next candle will turn things around. Thanks to Ronald Raygun, ES Trader, FerruFX, and others for all your help. This is a great thread. Let's keep it up. I hope to contribute soon as I get my feet wet with this strategy and with the RR EA.
  • #1,207
  • Oct 15, 2008 9:28pm Oct 15, 2008 9:28pm
Quoting ozziedave
Hi FerruFx,

I don't see a v1.03 listed under the paperclip on the thread. I have downloaded these 2 indicators...but I'm not sure if one of these is the v1.03 you refer too.

CCFp_v1.0.3dvert
CCFp_v1.0.3cvert
C'mon Oozziedave get with ,post#1070. see also paper clip 15th OCt. 6:19pm. LOL
  • #1,208
  • Oct 15, 2008 10:17pm Oct 15, 2008 10:17pm
Quoting Pipo
C'mon Oozziedave get with ,post#1070. see also paper clip 15th OCt. 6:19pm. LOL
http://www.forexfactory.com/showpost...postcount=1070
Never sell @ lower upward channel unless breacked and vise versa .
  • #1,209
  • Oct 15, 2008 10:19pm Oct 15, 2008 10:19pm
Quoting Pipo
C'mon Oozziedave get with ,post#1070. see also paper clip 15th OCt. 6:19pm. LOL
Sorry guys...

I did find that indicator shortly after I posted..post is deleted..my bad.
  • #1,210
  • Oct 15, 2008 10:23pm Oct 15, 2008 10:23pm
I don't know about everyone else here but for me taking these signals for the last few days has led to big losses. All 4 hour sessions have had huge drawdowns and this is using FXDD. So i have an experiment i'm going to do starting tomorrow. I'm going to list trades exactly opposite of what the Ferrufx indicator tells me to do. Surely this will lead to success. After losing all 4 hour sessions and incurring huge drawdowns i should make a fortune with this new strategy. But this may only work with FXDD. So when it tells me to buy a pair, i will sell instead. It's worth a try. Paris
  • #1,211
  • Oct 15, 2008 10:33pm Oct 15, 2008 10:33pm
Quoting Paris Hilton
I don't know about everyone else here but for me taking these signals for the last few days has led to big losses. All 4 hour sessions have had huge drawdowns and this is using FXDD. So i have an experiment i'm going to do starting tomorrow. I'm going to list trades exactly opposite of what the Ferrufx indicator tells me to do. Surely this will lead to success. After losing all 4 hour sessions and incurring huge drawdowns i should make a fortune with this new strategy. But this may only work with FXDD. So when it tells me to buy a pair, i will sell instead. It's worth a try. Paris

Funny, I have been experiencing the exact same and even thought about doing the reverse relative strength trade, I just didn't have the b*ll to suggest that here. Good luck.
  • #1,212
  • Oct 15, 2008 10:39pm Oct 15, 2008 10:39pm
Paris..

This is why we should POST the signals/alerts every 4hrs from the various platforms:
1) FXDD
2) IBFX
3) ALPARI
4) etc...

Everybody will be able to confirm signals/alerts and report on their results.
  • #1,213
  • Oct 15, 2008 10:46pm Oct 15, 2008 10:46pm
Quoting mitchp
Funny, I have been experiencing the exact same and even thought about doing the reverse relative strength trade, I just didn't have the b*ll to suggest that here. Good luck.
I think the signals work well as given when the market is trending nicely and i'll take the signals the way they are in that case. But when the market is ranging it might be better to trade just the opposite of every signal trade given. Make sense? Paris
  • #1,214
  • Oct 15, 2008 10:52pm Oct 15, 2008 10:52pm
Quoting Paris Hilton
I don't know about everyone else here but for me taking these signals for the last few days has led to big losses. All 4 hour sessions have had huge drawdowns and this is using FXDD. So i have an experiment i'm going to do starting tomorrow. I'm going to list trades exactly opposite of what the Ferrufx indicator tells me to do. Surely this will lead to success. After losing all 4 hour sessions and incurring huge drawdowns i should make a fortune with this new strategy. But this may only work with FXDD. So when it tells me to buy a pair, i will sell instead. It's worth a try. Paris
Yeap, the real deal, thats our Paris.
  • #1,215
  • Oct 15, 2008 11:21pm Oct 15, 2008 11:21pm
Here are my trade at the current 4HR bar on IBFX.

Nice start!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: ibfx.gif Size: 70 KB
  • #1,216
  • Oct 15, 2008 11:29pm Oct 15, 2008 11:29pm
Quoting Paris Hilton
So when it tells me to buy a pair, i will sell instead. It's worth a try. Paris
why not flipping a coin every four hours
  • #1,217
  • Oct 15, 2008 11:53pm Oct 15, 2008 11:53pm
Quoting mitchp
Here are my trade at the current 4HR bar on IBFX.

Nice start!!!!!
Hi mitchp,

I see you've had some good results. When you get the 4 hr candle close and the indicator signals sell or buy for a pair are you just entering a position or are you filtering your entries in some way. What I've found so far is when I have entered solely based on the RS indicator and I leave it run over the 4 hr period I have lost big time. I had one set of positions (4 pairs) that was up collectively about 80-90 pips but when I came back to my PC it was down over 150 pips. Based on some of the pip totals some of the people on the thread have been reporting I thought that I shouldn't close out the positions and I let them run. I've been trying to figure out how to run these scripts like "protect profits" maybe I would be able to manage my positions better.
  • #1,218
  • Oct 15, 2008 11:55pm Oct 15, 2008 11:55pm
Quoting mitchp
Here are my trade at the current 4HR bar on IBFX.

Nice start!!!!!
Hi mitchp, I wonder why yours is different from mine. I am using IBFX too.
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp.gif Size: 12 KB
  • #1,219
  • Oct 16, 2008 12:06am Oct 16, 2008 12:06am
is there a way to close all open positions after the 4 hour bar ends automatically...without having to attend to it?
  • #1,220
  • Oct 16, 2008 12:13am Oct 16, 2008 12:13am
Quoting ozziedave
Hi mitchp,

I see you've had some good results. When you get the 4 hr candle close and the indicator signals sell or buy for a pair are you just entering a position or are you filtering your entries in some way. What I've found so far is when I have entered solely based on the RS indicator and I leave it run over the 4 hr period I have lost big time. I had one set of positions (4 pairs) that was up collectively about 80-90 pips but when I came back to my PC it was down over 150 pips. Based on some of the pip totals some of the people on the thread have been reporting I thought that I shouldn't close out the positions and I let them run. I've been trying to figure out how to run these scripts like "protect profits" maybe I would be able to manage my positions better.
I've had a tremendious amount of negative sessions with this method, so at this point I'm just going for the quick 100-250 pips, if they are available. I take the signals just as they are and watch the trade. Once they are at a level I feel comfortable with I take the pips and run. I'm test two brokers, FXDD and IBFX. FXDD is showing the most and biggest loses, I haven't done enough with IBFX to really have an opinion (but so far so good). I'm also having a lot of problems applying so the the great indicators this thread has presented on my charts (cant figure out why), so I feel I'm at a bit of a disadvantage.
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