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Trading system using relative strength

  • #1,221
  • Oct 16, 2008 12:24am Oct 16, 2008 12:24am
Quoting Jack2000
Hi mitchp, I wonder why yours is different from mine. I am using IBFX too.
Mine is reading like yours now. I'm not using the most update indicator, it won't attach to any of my chart on two different broker - it's a refresh error - but it went in my favor ( maybe Paris Hilton is correct in taking the opposite trade).
  • #1,222
  • Edited 1:55am Oct 16, 2008 1:51am | Edited 1:55am
anyone know what a J symbol in the corner where the smiley face is supposed to be means? (besides I'm a dumbass).
Attached Image (click to enlarge)
Click to Enlarge Name: ea.jpg Size: 207 KB
  • #1,223
  • Oct 16, 2008 3:32am Oct 16, 2008 3:32am
Paris, now you are like, TOTALLY READY to lead.. like yeah

Quoting Paris Hilton
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
  • #1,224
  • Oct 16, 2008 3:33am Oct 16, 2008 3:33am
hi,

can any one plz tell what is the the most updated indicator for the CCpf

Thanks
  • #1,225
  • Oct 16, 2008 3:43am Oct 16, 2008 3:43am
Quoting at the best
hi,

can any one plz tell what is the the most updated indicator for the CCpf

Thanks
I believe this is it.
Attached File(s)
File Type: ex4 CCFp-Diff_[v1.03].ex4   105 KB | 1,829 downloads
  • #1,226
  • Oct 16, 2008 4:05am Oct 16, 2008 4:05am
ozziedave,

I realy appreciate you support what about the metatrader ? i mean what is the best one for it?

FXDD ?

Alpari ?

Others?

Regards,
  • #1,227
  • Oct 16, 2008 5:26am Oct 16, 2008 5:26am
4:00 candle on an FXDD demo:

Buy AJ, AU, NU
Sell Euraud

Currently - $300
  • #1,228
  • Oct 16, 2008 5:28am Oct 16, 2008 5:28am
Quoting at the best
ozziedave,

I realy appreciate you support what about the metatrader ? i mean what is the best one for it?

FXDD ?

Alpari ?

Others?

Regards,
I use IBFX which is using GMT. I haven't had alot of positive trades so far so I am doing some additional work to see if I can filter out some of the bad trades I've taken.
  • #1,229
  • Oct 16, 2008 5:32am Oct 16, 2008 5:32am
Paris Hilton's idea is not so far-fetched. Somewhere in this thread there was a discussion of what to do when the solid trends aren't here and we have either choppy or flat markets.

One idea was to reverse the signal that we get. It's worth a test.

I know that when I've placed trades they have rarely gone to profit right away. They turned negative as my current trades have done. Hopefully within 4 hours they'll turn around.

If you take the reverse trades and the intial results are positive pips I would take profits sooner. Results for this method seem to be getting a little more erratic which reflects the market price movement.
  • #1,230
  • Oct 16, 2008 5:50am Oct 16, 2008 5:50am
Quoting nubchai
Paris Hilton's idea is not so far-fetched. Somewhere in this thread there was a discussion of what to do when the solid trends aren't here and we have either choppy or flat markets.

One idea was to reverse the signal that we get. It's worth a test.

I know that when I've placed trades they have rarely gone to profit right away. They turned negative as my current trades have done. Hopefully within 4 hours they'll turn around.

If you take the reverse trades and the intial results are positive pips I would take profits sooner. Results for this method seem to be getting a little more erratic which reflects the market price movement.
Just use normal trading techniques, bounces from pivots, round numbers, higher lows, lower highs.
  • #1,231
  • Oct 16, 2008 6:39am Oct 16, 2008 6:39am
Entry based on H1 (or lower) only in the direction of H4 ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,232
  • Oct 16, 2008 6:42am Oct 16, 2008 6:42am
Quoting RickW00716
OH NO!
You used the word "hope". All I've read and learned about trading is to never use that word! LOL
you are right, i also learned it, but my fingers were faster than my brain..

of course i meant "expect" instead of hope
  • #1,233
  • Oct 16, 2008 6:53am Oct 16, 2008 6:53am
Quoting MrPip
Here are new versions of indicators.
Some of you expressed concern that the indicators do not match the original method.
I removed the multiplier so now the indicator shows the difference to save you the effort of doing the math yourself by floating the mouse over the bars to get the values.

I checked my version with the original and the currency values in the data window are the same.

I added showing the bar values as well. First is Bar 1, second is Bar 2, third is difference Bar1 - Bar2.

Robert
Hello, just wondering if you could create me a version that just displays the currencies vertically with the + and - signs ONLY (leave out the lines) and have it display on the Left bottom of the chart instead of in a separate window.
Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,234
  • Oct 16, 2008 6:55am Oct 16, 2008 6:55am
I hope that from now on you will remember that it is expected to use "expect"
Quoting sentinel777
you are right, i also learned it, but my fingers were faster than my brain..

of course i meant "expect" instead of hope
  • #1,235
  • Edited 7:54am Oct 16, 2008 7:07am | Edited 7:54am
Are you guys getting EUR - with CCFp but + with CCFp diff just now on IBFX?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,236
  • Oct 16, 2008 7:20am Oct 16, 2008 7:20am
Quoting matrixebiz
Are you guys getting EUR - with CCFp but + with CCFp diff just now on IBFX?
CCFp-Diff is based on the ORIGINAL CCFp calculation.

If you check the value of the last 2 bars on IBFX:

USD: 0.0188 --> 0.0163 (so down)
EUR: 0.0060 --> 0.0060 (so flat or up with the rounded)

So EURUSD is UP

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,237
  • Oct 16, 2008 7:20am Oct 16, 2008 7:20am
no but i'm using a different CCFp than you.
I'm showing the eur moving from 58 - 58 - 70 on the last 3 readings
v1.0.2b
  • #1,238
  • Oct 16, 2008 7:29am Oct 16, 2008 7:29am
FerruFX,

To make your fantastic indi simpler;
why not display the letters for sell pair in red and buy in green,
no need for the arrows, sell or buy beside it.

I agree with you on the 2 TFs.
I like to use the 30m with 4h.

Cheers and many thanks for your contribution.
  • #1,239
  • Oct 16, 2008 7:54am Oct 16, 2008 7:54am
Quoting FerruFx
CCFp-Diff is based on the ORIGINAL CCFp calculation.

If you check the value of the last 2 bars on IBFX:

USD: 0.0188 --> 0.0163 (so down)
EUR: 0.0060 --> 0.0060 (so flat or up with the rounded)

So EURUSD is UP

FerruFx
Ok, I was never able to load the original one I get an error;
2008.10.16 08:52:52 CCFp GBPJPYm,H4: error: code #4202

but whatever, I listened to your indicator and got profit
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,240
  • Oct 16, 2008 8:20am Oct 16, 2008 8:20am
Closed out 4:00 trades at + $200

8:00 orders on fxdd: BUY: AJ, AU, NU
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