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Trading System Using Relative Strength-Part 2

  • #121
  • Oct 17, 2008 11:35am Oct 17, 2008 11:35am
Quoting FerruFx
Why change something that work for ALL caracters added by brokers?

FerruFx
I know, your right, I just added the m's on my version because I only use IBFX but I'll be using your version from now on
Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #122
  • Oct 17, 2008 12:40pm Oct 17, 2008 12:40pm
Quoting cobraforex
I'm using the Prob meter from FerruFX on all currencies and it works well, even at the moment of an trendreversal it lowers the porcentage of the earlier trend and you almost know what will happen.
I don't know if Ferru would like to integrate a part of that comercial indicator in this new one.

BTW: I don't use it as a standalone trading decision, it only confirms what I want to trade.
Cobra I just got this tool too and have started using it. It looks very useful.

Sandy
  • #123
  • Oct 17, 2008 2:34pm Oct 17, 2008 2:34pm
My Last hour reverse trade for this week, up 125 pips

This reverse trade so far have average 7/10 wins, not a bad average. So got to work out the MM, trading times etc.. to see if fine trimming can tilt it to a higher odds..just for now.

Have nice weekend all!
Attached Image (click to enlarge)
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  • #124
  • Oct 17, 2008 2:40pm Oct 17, 2008 2:40pm
Quoting ES Trader
Ferrufx.
Since last few days I have been trading Reverse signals, on Fxdd. alpari.and Ibfx. All except two times out of almost 10 trades worked out pretty good.
kris
Thats why I've been winning on my semi-martingale system, it dosen't care which way it goes as long as it goes. You guys will have to laugh at this one, I usually test 5 different systems at once on my computer and had two empty, so I opened t101's buy basket on one and his sell basket on the other with a 500 sl and a 1000 tp letting them play until completed, I find myself up some 2000 points in the last 48 hrs. Interesting. Ranging marget which is 80-90% of the time. I'll keep you guys informed. Way to go Paris.....
  • #125
  • Oct 17, 2008 2:56pm Oct 17, 2008 2:56pm
Been doing reverse trades for a few days now, not completely sure of the ratio but I have only one lose in 12-15 trade sessions. The last session, taking reverse buys off the 60 min indicator, resulted in +$278 profit. I would say my average profit has been between $150 & $200.
  • #126
  • Oct 17, 2008 3:04pm Oct 17, 2008 3:04pm
Been doing reverse trades for a few days now, not completely sure of the ratio but I have only one lose in 12-15 trade sessions. The last session, taking reverse buys off the 60 min indicator, resulted in +$278 profit. I would say my average profit has been between $150 & $200.
  • #127
  • Oct 17, 2008 3:33pm Oct 17, 2008 3:33pm
Screen shot using ccp and CFP INDICATOR
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  • #128
  • Oct 17, 2008 4:39pm Oct 17, 2008 4:39pm
Hi Everybody,

This new thread I start to see peoples mentioning about "reverse" trade but I do not see anyone mentioning exactly how to reverse the trade? Maybe I miss some of the posts somewhere. Can someones let me know which posts describe about how to do this reverse trade?
  • #129
  • Oct 17, 2008 4:41pm Oct 17, 2008 4:41pm
hi all and sorry for the intrusion but i couldn't resist to reply to this:

Quoting Paris Hilton
The systems that don;t work are ones that win and lose about 50% of the time. You can't do anything with these.
LOL really? many people would kill for a system that is right 50% of the time

anyway this is an interesting thread, like it was the previous one

good work guys & gals
  • #130
  • Oct 17, 2008 5:37pm Oct 17, 2008 5:37pm
Tick, Just trade the opposite of the signals given. i did that today on the last 4 hour candle, and was down for 3 hours. But, in the last hour, it shot back the other way, so all are in profit. From what I'm reading and seeing here, the system only works in a heavy trending market. When the market is sideways or choppy, won't work...BUT will work if you reverse the trade.
Quoting TickJob
Hi Everybody,

This new thread I start to see peoples mentioning about \"reverse\" trade but I do not see anyone mentioning exactly how to reverse the trade? Maybe I miss some of the posts somewhere. Can someones let me know which posts describe about how to do this reverse trade?
  • #131
  • Oct 17, 2008 6:27pm Oct 17, 2008 6:27pm
Quoting paradoxical
Tick, Just trade the opposite of the signals given. i did that today on the last 4 hour candle, and was down for 3 hours. But, in the last hour, it shot back the other way, so all are in profit. From what I'm reading and seeing here, the system only works in a heavy trending market. When the market is sideways or choppy, won't work...BUT will work if you reverse the trade.

That was daring trading the last 4 hour candle before the market closes for the weekend. I'm glad it worked out for you. My last candle was the one before that and i did a reversal trade and racked up +320 pips in pure profit! Paris
  • #132
  • Oct 17, 2008 6:56pm Oct 17, 2008 6:56pm
I have an idea for an update to the indicator.
Instead of having it show buy or sell based on the numbers for the last 2 closed candles, could we have it just based on just the LAST closed candle?

I still think this is a good way to see trends...I was thinking of looking for patterns based on series of pluses and minuses...

For example: Say for 4 consecutive 4 hr bars gbp was strengthening and simultaneously jpy was weakening, then for the next 2 4hr bars gbp weakens and jpy strengthens....then it reverts back to the original direction of the first set of 4 hr bars... I believe this would be a way of buying a pullback in an uptrend.
This could also be done using different timeframes (1 hr pullbacks in a 4 hr uptrend)
But I would like to see the indicator just give buys/sells based solely on the last closed bar.
Is this possible to do, FerruFx?

Thansk in advance
  • #133
  • Oct 17, 2008 8:05pm Oct 17, 2008 8:05pm
Quoting bluejet
FerruFx

I have downloaded the CCFp-Diff_ v1.02, recently, and added to experts/custom indicators folder in my MT4 platform in www.fxpro.com(previously north finance.com), but it apppears, if i attach to the charts,
it will not display anything, for me.Nor the data will apppear, but it shows indicators list on the chart. Let me know what is the problem, to rectify the same. Giuide me in this regard.

Is this the latest version, pls help me, give the link/page for downloading
current version for my use. thx in adv.
17th oct 08
I was having the same problem, could view only the 4Hr and 1Hr settings. The 30M, 15M, 5M and 1M were not displaying. Just by luck, I happenned to change the time frame of the chart and the other settings began to show.

If you have set up a 30M indicator, change the chart time frame to 30M too. Once the indi shows up, you can change the chart TF to whatever, the indi continues to work.

Maybe FerruFx can have a look whether this needs to be adressed.

While I am at it, may I suggest FerruFx to consider having some sort of mark against pairs to show that the required tick for that pair has been received. This might be useful specifically for lower time frames.

Thanks

TF
  • #134
  • Oct 17, 2008 8:06pm Oct 17, 2008 8:06pm
Hello guys!

Hi FerruFx,
I wanted to ask if you can and, if it can be useful, do your indicator to show the quantitative difference between pairs and / or put them in order of greatest difference.
Thanks for all your work.

Lubo
If I know how, I tell You!! Few but Good!!
  • #135
  • Oct 17, 2008 8:12pm Oct 17, 2008 8:12pm
Quoting FerruFx
Here it is:

The CCFp-Diff_[v1.03_current] is EXACTLY the same except that it compare the current CCFp values with the previous CCFp values instead of the 2 previous bars.

I removed everything about the trades suggestions.

FerruFx
Hi FerruFx,

Great work with these indicators.

I noticed that the CCFp-Diff_[v1.03] does not display the actual values in the data window like the original CCFp indicator did. Is there a reason that the actual values aren't displaying and if possible can you make that happen with this latest version.

Also, I just wanted to clarify my understanding of the CCFp-Diff_[v1.03 current]. In this version the last two completed candle values are being compared to the previous 2 completed candle values. So on a 4hr chart you would be comparing 16 hours worth of data. Is that correct?

Thanks for your help.
  • #136
  • Oct 17, 2008 8:38pm Oct 17, 2008 8:38pm
Quoting cobraforex
I'm using the Prob meter from FerruFX on all currencies and it works well, even at the moment of an trendreversal it lowers the porcentage of the earlier trend and you almost know what will happen.
I don't know if Ferru would like to integrate a part of that comercial indicator in this new one.

BTW: I don't use it as a standalone trading decision, it only confirms what I want to trade.
You're right, this tool might be good to make decision to trade or not to trade ... and in which direction (time or not to reverse). But it's offtopic as it is commercial. If moderator want to remove this post, feel free to do.

No, I don't plan to integrate it in the CCFp-Diff.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #137
  • Oct 17, 2008 8:42pm Oct 17, 2008 8:42pm
Quoting LuboLabo
Hello guys!

Hi FerruFx,
I wanted to ask if you can and, if it can be useful, do your indicator to show the quantitative difference between pairs and / or put them in order of greatest difference.
Thanks for all your work.

Lubo
Wouldn't the histo show you the ranking of strength and weakness by the amount of bars?
  • #138
  • Oct 17, 2008 8:43pm Oct 17, 2008 8:43pm
Quoting RickW00716
Instead of having it show buy or sell based on the numbers for the last 2 closed candles, could we have it just based on just the LAST closed candle?
If so, how to define the difference ? You must have 2 values.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #139
  • Oct 17, 2008 8:46pm Oct 17, 2008 8:46pm
Quoting TradeForexFx
I was having the same problem, could view only the 4Hr and 1Hr settings. The 30M, 15M, 5M and 1M were not displaying. Just by luck, I happenned to change the time frame of the chart and the other settings began to show.

If you have set up a 30M indicator, change the chart time frame to 30M too. Once the indi shows up, you can change the chart TF to whatever, the indi continues to work.

Maybe FerruFx can have a look whether this needs to be adressed.
As previously explained, this is because the indicator didn't received all needed datas for that TF. Your platform must first update its database and then all will be fine. This is just for the first apply.

Quoting TradeForexFx
While I am at it, may I suggest FerruFx to consider having some sort of mark against pairs to show that the required tick for that pair has been received. This might be useful specifically for lower time frames.
Will look how I can code this ... if it's possible.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #140
  • Oct 17, 2008 8:51pm Oct 17, 2008 8:51pm
Quoting LuboLabo
Hello guys!

Hi FerruFx,
I wanted to ask if you can and, if it can be useful, do your indicator to show the quantitative difference between pairs and / or put them in order of greatest difference.
Thanks for all your work.

Lubo
Not sure to understand what you mean. This indicator show difference between Currencies, not pairs.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
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