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Trading System Using Relative Strength-Part 2

  • #181
  • Oct 18, 2008 6:14am Oct 18, 2008 6:14am
Quoting LuboLabo
Hi, FerruFX
I apologize for having written wrong in the previous post.


In my previous question I wanted to say if you can make the difference between the value of the currencies, so that you can see those with the highest value and perhaps put them in order from the largest to small in the Indicator.

Example
value of single currency


USD - 107.67
EUR + 137.25
GBP + 45.08
CHF - 7.93
.........
and so on

the result in your indicator could be this:

EUR / USD buy + 245.34
GBP / USD buy + 152.75
EUR / CHF buy + 145.18
........
and so on ...


I hope to have been more clearer.
I'm sorry for my poor English.

Lubo
Sorry but I don't see the utility of your request ... Also your example show a weird relation between currencies and pairs (you add both currencies regardless if they are + or -).

Anyway, I don't plan to add values.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #182
  • Oct 18, 2008 6:36am Oct 18, 2008 6:36am
I have not interest in this method.....
I just want to say hi to FerruFx(we are a old friends)
im sure he remembers me
ps.I need some coding
forexflash
  • #183
  • Oct 18, 2008 6:52am Oct 18, 2008 6:52am
Quoting FOREXflash
I have not interest in this method.....
I just want to say hi to FerruFx(we are a old friends)
im sure he remembers me
ps.I need some coding
Hi FOREXflash.

Have a look here ... Great potential!

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #184
  • Oct 18, 2008 6:56am Oct 18, 2008 6:56am
Hi,
I like to learn and use the strategy in my trading.as a newbie..i ve lost a lot already in trading as well as buying other people system and indicators..
After reading this thread, and trying to make sense of the "best" strategy.,this what i learnt.

First of all no one will understand the numbers you are talking about in the
last post

I myself and lot of other members has taken lot of hours to go thorugh the RS 1 and RS 2 post and analyis the whole concept of the thread
an believe me no one is going to give you the concept in a platter in a second

Read and understand the post
  • #185
  • Oct 18, 2008 7:17am Oct 18, 2008 7:17am
Quoting FerruFx
You're wrong. The original strategy is:



CCFp-Diff is coded as per the original rules.

FerruFx
Thanks for clearing that up for me...your indicator does exactly what I want it to do for my resaerch.
  • #186
  • Oct 18, 2008 7:42am Oct 18, 2008 7:42am
Quoting shiva
No Imad, i downloaded the new version only today, so will wait for market open to test

Shiva can you please let us know your results with the new indi next week? I'm going to keep working with the bar change version (previous one). But am very curious to see how the new version works.

Thanks!

Sandy
  • #187
  • Oct 18, 2008 7:45am Oct 18, 2008 7:45am
FerruFX I just wanted to thank you for all of the work you've done on this indicator. I have it set up multi timeframe too. Not only does it work great it looks extremely professonal. Your contribution here has been huge imo. I hope you have time to use the indi to make some basket $$$

Thanks again,
Sandy
  • #188
  • Oct 18, 2008 7:50am Oct 18, 2008 7:50am
Wake-up you guys, FF's indicators work, stop nagging him with can you do this, can you do that. His indicators work as they are, we are only confusing him and us with all these different indicators and request for new and improved indicators. Our main goal is to trade what we have now. If FF thinks he can improve it, let him do it. I want to know how the successful people like Paris are trading using what indicator and how she is applying it. Give us your success stories not your wine. I've seen this nagging kill a couple of threads recently, we have the tools already lets figure out the most profitable way to use them.

FF you have been a prince, this thread is being dominated by people asking for different indicator changes and not by trading strategies.
  • #189
  • Oct 18, 2008 8:04am Oct 18, 2008 8:04am
Thanks Nubchai, qz10cq and all others for your support. Very much appreciated.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #190
  • Oct 18, 2008 8:06am Oct 18, 2008 8:06am
I have added a basket-trading module to my multi-purpose management ea. This allows us to treat the whole basket as though it were a single trade, with basket stop loss, take profit and trailing stop.

Click on the link in my sig to go to the download thread. I have also put up some stuff for non-coders, to help you customise scripts and ea's so you don't have to keep entering the values every time us use one.

  • #191
  • Oct 18, 2008 8:27am Oct 18, 2008 8:27am
Quoting SteveHopwood
I have added a basket-trading module to my multi-purpose management ea. This allows us to treat the whole basket as though it were a single trade, with basket stop loss, take profit and trailing stop.

Click on the link in my sig to go to the download thread. I have also put up some stuff for non-coders, to help you customise scripts and ea's so you don't have to keep entering the values every time us use one.

Steve if we set a SL for the basket using you management ea and our terminal loses connecton with the broker's server (cable outage, power failure etc), does your EA still protect the basket with the SL that is set?

I had been told before that a hard SL set for each pair order stays with the order so I'mprotected if there's a power failure.

On the other hand I've been told that floating SLs are terminal-based (user laptop/computer) and if the connecton is lost then you lose the SL protection.

Thanks for any feedback.

Sandy
  • #192
  • Oct 18, 2008 8:35am Oct 18, 2008 8:35am
Quoting nubchai
Steve if we set a SL for the basket using you management ea and our terminal loses connecton with the broker's server (cable outage, power failure etc), does your EA still protect the basket with the SL that is set?

I had been told before that a hard SL set for each pair order stays with the order so I'mprotected if there's a power failure.

On the other hand I've been told that floating SLs are terminal-based (user laptop/computer) and if the connecton is lost then you lose the SL protection.

Thanks for any feedback.

Sandy
All depend of the coding. One solution is to set the SL in a GlobalVariables. Even if the connection lost or platform close, the GV is still there with the SL.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #193
  • Oct 18, 2008 8:37am Oct 18, 2008 8:37am
Some of us have been thinking that in a trending market taking the FerruFX signals as they stand is the way to go. And if we're in a trending market then reversing the signals is the way to go.

Here's a pretty good article on the ADX standard indicator and how you can use it to detect the strength of the trend per pair and the direction (+D1,-D1).

http://www.investopedia.com/articles...tor.asp?Page=4

Sandy
  • #194
  • Oct 18, 2008 8:37am Oct 18, 2008 8:37am
Quoting nubchai
Steve if we set a SL for the basket using you management ea and our terminal loses connecton with the broker's server (cable outage, power failure etc), does your EA still protect the basket with the SL that is set?

I had been told before that a hard SL set for each pair order stays with the order so I'mprotected if there's a power failure.

On the other hand I've been told that floating SLs are terminal-based (user laptop/computer) and if the connecton is lost then you lose the SL protection.

Thanks for any feedback.

Sandy
Right on all counts. There are pros and cons to treating the whole basket as a single trade. The biggest con is the danger of the ea loosing contact with the trades.

Not that I have seen a basket last long this week. It either hit its sl or tp pretty quickly.

This might become insignificant soon. I haven't read all the intervening posts between yesterday morning and now - that is for later today. Last time I looked, interest seemed to be heading towards using relative strength on small numbers of trades taken from a short tf. We shall see.

  • #195
  • Oct 18, 2008 8:38am Oct 18, 2008 8:38am
Quoting nubchai
FerruFX I just wanted to thank you for all of the work you've done on this indicator. I have it set up multi timeframe too. Not only does it work great it looks extremely professonal. Your contribution here has been huge imo. I hope you have time to use the indi to make some basket $$$

Thanks again,
Sandy

Ditto on that. Thanks FerruFX! Paris
  • #196
  • Oct 18, 2008 8:39am Oct 18, 2008 8:39am
Quoting FerruFx
All depend of the coding. One solution is to set the SL in a GlobalVariables. Even if the connection lost or platform close, the GV is still there with the SL.

FerruFx
FerruFX does that work for manual orders? For these baskets I've been placing the orders manually. Since it was on demo I didn't care about the SL. But as Iprepare to go live it's naturally a bigger concern.

Thanks!
Sandy
  • #197
  • Oct 18, 2008 8:42am Oct 18, 2008 8:42am
Quoting qz10cq
Wake-up you guys, FF's indicators work, stop nagging him with can you do this, can you do that. His indicators work as they are, we are only confusing him and us with all these different indicators and request for new and improved indicators. Our main goal is to trade what we have now. If FF thinks he can improve it, let him do it. I want to know how the successful people like Paris are trading using what indicator and how she is applying it. Give us your success stories not your wine. I've seen this nagging kill a couple of threads recently, we have the tools already lets figure out the most profitable way to use them.

FF you have been a prince, this thread is being dominated by people asking for different indicator changes and not by trading strategies.

I simply have the V1.03 Ferrufx indicator and that's all I use. I set it to level zero to get the most pairs and then i simply just do the opposite of everything it tells me. Nothing difficult about it. An 8 year old child can do it. And i've had only winning sessions with it so far using reverse trades. I've only traded on the 4 hour so far. Thanks, Paris
  • #198
  • Oct 18, 2008 8:46am Oct 18, 2008 8:46am
Quoting nubchai
FerruFX does that work for manual orders? For these baskets I've been placing the orders manually. Since it was on demo I didn't care about the SL. But as Iprepare to go live it's naturally a bigger concern.

Thanks!
Sandy
If you refer to Steve's scripts, better to ask him. I didn't tested them yet.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #199
  • Edited 9:10am Oct 18, 2008 8:50am | Edited 9:10am
Quoting Paris Hilton
I simply have the V1.03 Ferrufx indicator and that's all I use. I st it to level zero to get the most pairs and then i simply just do the opposite of everything it tells me. Nothing difficult about it. An 8 year old child can do it. And I've had only winning sessions with it so far using reverse trades. I've only traded on the 4 hour so far. Thanks, Paris

Yeah Paris this is what we all should be looking for successful trading and how your doing it. Do you mind if I call you WONDER WOMAN. Just kidding of course but thanks for all your input. Since we know all pairs range some 80-90% of the time that reverse thing should work until a trend starts and then we have to have a sl or timed sl in place. My semi-martingale system has been working along with you because it's been reversing, the thing that I will change is my initial trade will go against FF's indicator instead of with it. I've been trading the 1hr and the daily using FF's V1.03 with approximately your same success. Thanks WONDER WOMAN....Dan
  • #200
  • Oct 18, 2008 8:54am Oct 18, 2008 8:54am
Quoting SteveHopwood
Right on all counts. There are pros and cons to treating the whole basket as a single trade. The biggest con is the danger of the ea loosing contact with the trades.

Not that I have seen a basket last long this week. It either hit its sl or tp pretty quickly.

This might become insignificant soon. I haven't read all the intervening posts between yesterday morning and now - that is for later today. Last time I looked, interest seemed to be heading towards using relative strength on small numbers of trades taken from a short tf. We shall see.

Thanks Steve. You're right about using RS for shorter timeframes. I was reversing trades on the H1 TF with pretty consistent results. The returns are less than a single basket because the pairs that qualify are smaller - depending on the trade level you use. But $25-$100 an hour x 6 hours (or more) is pretty good. Of course you have to factor in losing trades but still it'sanother nice option available to us thanks to the indicator.

Sandy
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