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  • #1,261
  • Oct 16, 2008 9:50am Oct 16, 2008 9:50am
Quoting ES Trader
Good morning,
Looks like this thread should be wind down to close.There has been all kind of changes made to original Idea.Infact some one wants to trade opposite of what signal says. That says a lot ! May be it will work or may be not or may be just one time phenomena.Who knows?

May be it is another system that goes into dustbin filled with "holy Grail systems"

Thanks.
Kris

I am also grateful for this thread and system. I also thank Ferrufx for the great brilliant indicator. My experience on FXDD gmt+3 has lost every time i traded it with heavy drawdowns. The soultion. To trade the opposite way. My first stab at this was highly successful. I thought it might be considering every time i took a straight signal it would incur heavy drawdown on FXDD. So i got the opposite result when i traded opposite. At one point i was up over +440 pips and i took profit over +380. I'll probably close out trades when i have at least +250 pips. I still think when the market is trending it'll work with direct signals. But since the market ranges about 70% of the time , i'll trade opposite the signals and that should be successful. Thanks, Paris
  • #1,262
  • Oct 16, 2008 9:57am Oct 16, 2008 9:57am
I would like to politely ask ES_trader to show us how he's been doing
Please pull my head out of my ass, I am running out of oxygen...
  • #1,263
  • Oct 16, 2008 9:58am Oct 16, 2008 9:58am
Ronald,

Looking at the past 10 days or so most markets , darn near all, have gone from trending to sideways ranging. Difficult time for most EA's I would think.
  • #1,264
  • Oct 16, 2008 10:02am Oct 16, 2008 10:02am
Quoting Paris Hilton
I am also grateful for this thread and system. I also thank Ferrufx for the great brilliant indicator. My experience on FXDD gmt+3 has lost every time i traded it with heavy drawdowns. The soultion. To trade the opposite way. My first stab at this was highly successful. I thought it might be considering every time i took a straight signal it would incur heavy drawdown on FXDD. So i got the opposite result when i traded opposite. At one point i was up over +440 pips and i took profit over +380. I'll probably close out trades when i have at least +250 pips. I still think when the market is trending it'll work with direct signals. But since the market ranges about 70% of the time , i'll trade opposite the signals and that should be successful. Thanks, Paris

If you look at your 4 chart most of the time you will see that price pulls backs from the original direction after 2 consecutive candles in the same direction. This is the reason Paris is having some positive trades in the opposite direction. So when you get a buy or sell signal with the RS indicator the next candle will reverse during that 4 hr period.
  • #1,265
  • Oct 16, 2008 10:09am Oct 16, 2008 10:09am
I think everyone interested in this thread should read carefully what original author of this indicator has to say how should be used.

http://articles.mql4.com/484

Also, there you can download indicator (i think ES Trader not mentioned it)
called Cfp which is basically oscilattor for chosen pair, but constructed using same algorythm as CCFp, it is working great
  • #1,266
  • Oct 16, 2008 10:17am Oct 16, 2008 10:17am
Quoting tommyd
Ronald,

Looking at the past 10 days or so most markets , darn near all, have gone from trending to sideways ranging. Difficult time for most EA's I would think.
I saw that too. And I agree.

But instead of crashing and exploding, I would prefer a simple fender-bender. I'm looking to reduce the damage it could do.
  • #1,267
  • Oct 16, 2008 10:29am Oct 16, 2008 10:29am
Quoting Ronald Raygun
I saw that too. And I agree.

But instead of crashing and exploding, I would prefer a simple fender-bender. I'm looking to reduce the damage it could do.
lol.. yes That would be a good thing to work for.

exploding, thats no fun...
  • #1,268
  • Oct 16, 2008 10:50am Oct 16, 2008 10:50am
Quoting Paris Hilton
Just closed all trades with +382 pips profit! Paris
Way to go madame!
  • #1,269
  • Oct 16, 2008 11:07am Oct 16, 2008 11:07am
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,

Thanks for the wonderful work you are doing for us.

I am trying to work this latest indicator, I believe I can do with a little help.

I am able to diaplay only two time frames, the 240 and 60. No other time frames display. This for FXDD and FXPro demos

On IBFX demo, I am able to display only 240 and nothing else.

I tried leaving the 15/30 minutes attached for quite sometime so that any data availibility issue could be resolved. No difference.

Appreciate your suggestion/help so taht I am also able to display all the time frames as other members are enjoying.

Thanks

TF
  • #1,270
  • Oct 16, 2008 11:29am Oct 16, 2008 11:29am
Quoting TradeForexFx
Hi FerruFX,

Thanks for the wonderful work you are doing for us.

I am trying to work this latest indicator, I believe I can do with a little help.

I am able to diaplay only two time frames, the 240 and 60. No other time frames display. This for FXDD and FXPro demos

On IBFX demo, I am able to display only 240 and nothing else.

I tried leaving the 15/30 minutes attached for quite sometime so that any data availibility issue could be resolved. No difference.

Appreciate your suggestion/help so taht I am also able to display all the time frames as other members are enjoying.

Thanks

TF
I think this has to do with your datas in your platform. The screenshot I posted in an earlier post showing 5 TFs on the same chart is IBFX.

If the platform doesn't have enough datas for all selected pairs, the indicator wouldn't work properly.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,271
  • Oct 16, 2008 11:49am Oct 16, 2008 11:49am
Quoting Paris Hilton
Reverse trades are working well!!! if it says buy, i sold and vice versa! Paris
Hi Paris Hilton,

Are you sure to trade with the reverse traders??

You always trade of the same way?

How do you do?

trank you very much.
  • #1,272
  • Oct 16, 2008 11:57am Oct 16, 2008 11:57am
Quoting ozziedave
If you look at your 4 chart most of the time you will see that price pulls backs from the original direction after 2 consecutive candles in the same direction. This is the reason Paris is having some positive trades in the opposite direction. So when you get a buy or sell signal with the RS indicator the next candle will reverse during that 4 hr period.

can you post an image with what you're trying to point out here?
  • #1,273
  • Oct 16, 2008 12:08pm Oct 16, 2008 12:08pm
MTF , just threw it together to see. Price & bottom indie change with time frame selected. FerruFX stuff stays as placed.
Attached Image (click to enlarge)
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  • #1,274
  • Oct 16, 2008 12:33pm Oct 16, 2008 12:33pm
WATCH THIS
Attached Image (click to enlarge)
Click to Enlarge Name: strength1.gif Size: 57 KB
If I know how, I tell You!! Few but Good!!
  • #1,275
  • Oct 16, 2008 12:52pm Oct 16, 2008 12:52pm
Closed this trade in about 40 minutes for +240 pips. Reverse trades. Paris
Attached Image (click to enlarge)
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  • #1,276
  • Oct 16, 2008 12:58pm Oct 16, 2008 12:58pm
lol. the reverse fxdd thing is hilarious.
  • #1,277
  • Edited 2:12pm Oct 16, 2008 1:24pm | Edited 2:12pm
Done today, I have to go to the airport later today. Made over +600 pips today in a very short time with this reversal strategy. It may work well in a ranging market. It works with FXDD. Paris
  • #1,278
  • Oct 16, 2008 1:36pm Oct 16, 2008 1:36pm
Quoting ES Trader
Good morning,
Looks like this thread should be wind down to close.There has been all kind of changes made to original Idea.Infact some one wants to trade opposite of what signal says. That says a lot ! May be it will work or may be not or may be just one time phenomena.Who knows?

May be it is another system that goes into dustbin filled with \"holy Grail systems\"

Thanks.
Kris
I tried this system now since some 4H sequences and want to say this:
This is not a scalping system where you take any move; this system is excellent if you know how to handle it. It can work on 1H as well but will have more false signals, lower TF than that is not recommendable.

See in the screenshot, where is the yellow line on all currencies (is only a pivot line) you had a good chance to take a nice trade on the next candle.
WHY? The candle before was a pinbar and a clear reversal sign, the candle with the yellow line is long, meaning a strong downtrend, what you want to trade is the next candle.
ES took 15 min time to decide to take the trade or not, in 15 min you see that the trend is still alive and strong and take it. I would trade only on London and NY overlapping!
After that trade I would not have taken any other till now.

You don’t need to be in the market all the time, if you do one good trade on this system you are done for the week or month. Just take the good ones and if you want action, take some manually scalp trades on your preferred pair.

I mentioned before that FX isn’t only open an account and let’s make millions, it is hard work, a lot of study and experience over years and when you know all this you will see that FX is boring, making money constantly over a long period is boring.

Everybody that follows blindly a indicator or an EA will feed the experienced traders and brokers. The ones that want to change every hour the rules is why you don’t understand the basics of FX. And btw, there is NO perfect system in FX and will never be.

Again ES, thank you for that system, I will keep having my eyes on it, I did only paper trades till now but may be in a month or so I will take it on my Live accounts after learning how to use it properly. What needed to be known on the system you have said, well done.

BTW, taking trades on reverse advice of the fantastic indi that made FerruFX is closed to red or black in the casino. Use your trend lines, fibs and candlestick knowledge to take the decision. Open monthly and daily charts to find out the mayor trend.

Happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: REL.jpg Size: 149 KB
  • #1,279
  • Oct 16, 2008 2:04pm Oct 16, 2008 2:04pm
@FerruFX - Ok maybe I'm missing something here ??
Ok, I'm using FXopen and we are in the 20:00 4hr period.

Now see the two pics attached, showing two bars back 16:00 and 12:00. I've loaded the original CCp.ex4 and your indicator v1.03

At 12:00 EUR is 0.0010 and at 16:00 EUR is -0.0025 going down so "-"

At 12:00 NZD is -0.0154 and at 16:00 NZD is -0.0144 going up so "+"
(Same readings as what the other modified indicators read)

So should be a SELL on EURNZD but your Indicator says BUY

As you mentioned before you are using the original indicator settings which I've attached to the chart, so what am I doing or understanding this wrong?

Thanks
Attached Images
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,280
  • Oct 16, 2008 3:12pm Oct 16, 2008 3:12pm
Quoting Paris Hilton
I am also grateful for this thread and system. I also thank Ferrufx for the great brilliant indicator. My experience on FXDD gmt+3 has lost every time i traded it with heavy drawdowns. The soultion. To trade the opposite way. My first stab at this was highly successful. I thought it might be considering every time i took a straight signal it would incur heavy drawdown on FXDD. So i got the opposite result when i traded opposite. At one point i was up over +440 pips and i took profit over +380. I'll probably close out trades when i have at least +250 pips. I still think when the market is trending it'll work with direct signals. But since the market ranges about 70% of the time , i'll trade opposite the signals and that should be successful. Thanks, Paris
You gotta be kidding, right?
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