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Trading System Using Relative Strength-Part 2

  • #201
  • Oct 18, 2008 8:56am Oct 18, 2008 8:56am
Quoting Paris Hilton
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
Good morning,
That is exactly what I have been trading with. just V1.03 and reversing the signals with good results.

Only request I may have for Ferrufx is JUST to give an option on the indicator to trade opposite signals. Since I am not a programmer I dont know whether it can be done or not.

Of course Now I dont moderate this thread anymore I cant say what should or should not be done with the system. But I would strongly advice keeping it simple and trying it out for a while before making more and more changes. Just my opinion.
Thanks
Kris
  • #202
  • Oct 18, 2008 9:02am Oct 18, 2008 9:02am
Ferrufx,
One more thing I want , is to be able to have the option to keep the system as originally devised by me, that is looking at prevoius 2 CLOSED bars and getting the signals.

Belive me looking at just the present bar does not work. Because the trend has not been established since there had not been enough time.
I have been trading for 30 years and I can tell you , currency trading is lot easier to trade once there is some amount of trend has developed.
Thanks
Kris
  • #203
  • Oct 18, 2008 9:11am Oct 18, 2008 9:11am
Quoting qz10cq
Yeah Paris this is what I'm 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.

My experience with it. Mitchp has been trading both 1 hour and 4 hr and has had one losing session out of about 15 sessions using reverse trades. I've only traded the 4 hour candle excluding the candle at the end of Asian session and the candle during London session as i'm sleeping at this time. But i've traded the other 4 candles during new york session and asian session and usually it goes into profit right away. I wait about 5-10 minutes before placing orders. Biggest drawdown so far was about -280 pips. But it's always has come back into profit. I usually take profit between +250-+400 pips per session. All reverse trades. So far for a few days it's working. Paris
  • #204
  • Oct 18, 2008 9:15am Oct 18, 2008 9:15am
Quoting ES Trader
Ferrufx,
One more thing I want , is to be able to have the option to keep the system as originally devised by me, that is looking at prevoius 2 CLOSED bars and getting the signals.
The v1.03 and all next releases will ALWAYS have the original setup as default.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #205
  • Oct 18, 2008 9:22am Oct 18, 2008 9:22am
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.

I've been testing T101's basket all buy/all sell trades at the same time on two different accounts with a sl of 500 and a take profit of 1000, the idea being when it starts trending I will lose the 500 and gain the 1000. It's been working with the account for the two +2000 in the 3 days I've been doing this. Your ea will be tested this week and I will keep you updated...Thanks, great work (if it works)....Dan
  • #206
  • Oct 18, 2008 9:28am Oct 18, 2008 9:28am
I wonder if it is possible to have a + or - above/below the bars depending on the signals...What I am looking for is patterns of pluses and minuses....

If AUD/USD was a buy for 4 straight 4 hr bars then reverses into a sell for 2 4hr bars...we might be ableto use the indicator for entering this pullback once it strengthens again.(I think the strengthening could be another 4 hr bar showing plus or even a 1hr(or small series of 1hr bars) strengthening).

Has anyone looked at this?
  • #207
  • Oct 18, 2008 9:43am Oct 18, 2008 9:43am
Quoting FerruFx
The v1.03 and all next releases will ALWAYS have the original setup as default.

FerruFx
Let me say thank you for all you have produced here and what you have is enough, but if you are going for another version please include the spread for the pairs. I manually look at the spreads and won't trade the pairs if they have a spread of more than 10. Some of the spreads are +50 which make them un-tradable for me. In the attachments there is one call signal bars that I use to tell me the spreads. Thanks again FF.
Attached File(s)
File Type: ex4 #Signal_Bars_v6.ex4   54 KB | 544 downloads
  • #208
  • Oct 18, 2008 9:44am Oct 18, 2008 9:44am
Quoting ES Trader
Ferrufx,
One more thing I want , is to be able to have the option to keep the system as originally devised by me, that is looking at prevoius 2 CLOSED bars and getting the signals.

Belive me looking at just the present bar does not work. Because the trend has not been established since there had not been enough time.
I have been trading for 30 years and I can tell you , currency trading is lot easier to trade once there is some amount of trend has developed.
Thanks
Kris
ES Trader, you are right the current bar hasn't got enough data to work with and the signal should be taken from the 2 closed bar indic. but using the V1.03 current in conjunction we should be able to tell , lets say 15 or 30min into the new bar if the condition have changed. If you see it is going a different way as you indent to enter then one would not enter and at least wait for the V1.03 current to agree with the 2 closed bar signal. Anyway we got powerfull tools thanks to FerruFx and I am happy with what we got . Happy testing /trading everyone.
  • #209
  • Edited 10:21am Oct 18, 2008 10:01am | Edited 10:21am
Here's attached the new release of the CCFp-Diff.

1. Added an option true/false to display histogram and/or suggestions

2. Added an option true/false to reverse the suggestion (see note below)

3. Added an email alert (start new bar)

4. Added an option true/false to use candle instead of MA in the CCFp calculation

5. Added a checking if all pairs involved in the CCFp calculation received their first tick at bar open (to be tested in real time ... can't be done with market close)

About the reverse option: the thinking was that the reverse might be an option in ranging market, so setting the level would determine the borderline. When setting the level to 3 for example, suggestions for pairs below the level will be reversed, suggestions for pairs above the level will be no-reversed. For those who don't need to filter and want ALL suggestions reversed, then just set the level to 11.

IMPORTANT: the suggestions to be reversed are just signaled with a colored sign BUT for not confusing some newbies who don't take the time to read the thread, the direction Buy/Sell are the standard ones.

Hope you will enjoy this new one like the previous!

Thanks again for your support and motivation.

FerruFx
Attached File(s)
File Type: ex4 CCFp-Diff_[v1.04].ex4   126 KB | 1,947 downloads
MT4/MT5 EAs/Indicators/Alerts coder
  • #210
  • Oct 18, 2008 10:06am Oct 18, 2008 10:06am
Quoting Paris Hilton
My experience with it. Mitchp has been trading both 1 hour and 4 hr and has had one losing session out of about 15 sessions using reverse trades. I've only traded the 4 hour candle excluding the candle at the end of Asian session and the candle during London session as i'm sleeping at this time. But i've traded the other 4 candles during new york session and asian session and usually it goes into profit right away. I wait about 5-10 minutes before placing orders. Biggest drawdown so far was about -280 pips. But it's always has come back into profit. I usually take profit between +250-+400 pips per session. All reverse trades. So far for a few days it's working. Paris
May I correct to say that these trades were done without knowledge of the market is trending or ranging?
  • #211
  • Oct 18, 2008 10:06am Oct 18, 2008 10:06am
Ferrufx

You are the man

Thank you from my side
  • #212
  • Oct 18, 2008 10:16am Oct 18, 2008 10:16am
Thanks FerruFx, I have noticed the v1.04 has now a smoothed MA setting as default (2)were as the other release were Linearly weighted MA's.I know It can set by the user but did indent to change that?
  • #213
  • Oct 18, 2008 10:24am Oct 18, 2008 10:24am
Quoting Pipo
Thanks FerruFx, I have noticed the v1.04 has now a smoothed MA setting as default (2)were as the other release were Linearly weighted MA's.I know It can set by the user but did indent to change that?
Sorry my bad. I updated the version in the other post. Please redownload it.

Thanks for this.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #214
  • Oct 18, 2008 10:32am Oct 18, 2008 10:32am
FerruFx, nice additions to the new version. Can you lease tell us more o the candle instead MA option?I assume it tells us if there is a sequence up or down candle ? looking back over how many candles set by the level input?
  • #215
  • Oct 18, 2008 10:40am Oct 18, 2008 10:40am
Quoting Pipo
FerruFx, nice additions to the new version. Can you lease tell us more o the candle instead MA option?I assume it tells us if there is a sequence up or down candle ? looking back over how many candles set by the level input?
The "bar instead MA" was requested by a member here.

In the CCFp original calculation, I replaced the MA values by the candles values.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #216
  • Oct 18, 2008 10:43am Oct 18, 2008 10:43am
Thank you!
  • #217
  • Oct 18, 2008 11:15am Oct 18, 2008 11:15am
ferrufx thanks!

The standard configuration remains 4h?
We can use the indicator as a method scalp, for example 5M TF?

When we say buy buy, sell and sell?

Thank you
  • #218
  • Oct 18, 2008 12:48pm Oct 18, 2008 12:48pm
Quoting ES Trader
Ferrufx,
One more thing I want , is to be able to have the option to keep the system as originally devised by me, that is looking at prevoius 2 CLOSED bars and getting the signals.

Belive me looking at just the present bar does not work. Because the trend has not been established since there had not been enough time.
I have been trading for 30 years and I can tell you , currency trading is lot easier to trade once there is some amount of trend has developed.
Thanks
Kris

ES Trader, et al.

It is my intention to keep the system as originally devised by you and to maintain the thread with this in mind. I think we need to keep it simple because if we muck around with it the method will change entirely which is not our goal here. It is important, however to continue to explore; especially examine the reason that it does better when we reverse signals during ranging markets. We need to figure out why this happens and how to exploit it so that when we are ranging we are deploying the reverse strategy and when we are trending the original strategy. I think for the moment we need to concentrate on these items.

One other thing I want to encourage is to use some restraint in requesting our valued coders such as FerruFx & SteveHopwood, & others to make minor changes to the indicator. If you think your suggestion would benefit the majority, then suggest it, but if it is more your personal preference, save it for another day.

1Trader2
Moderator
  • #219
  • Oct 18, 2008 1:50pm Oct 18, 2008 1:50pm
I trader 2

I fully agree with you. I myself has asked too much from the programmers and coders to my self interest and which I will not be doing any more

Coming back to ES we need your input and advise who have been in the fx for 30 years and other senior members.
  • #220
  • Oct 18, 2008 2:12pm Oct 18, 2008 2:12pm
I think we have a great system here and a wonderful set of tools thanks to Ferrufx and Steve.

This week it would be great if people could report:

1. Trades taken
2. Type (4 hour or 1 hour or other)
3. Specfic candle or time the trade was taken
4. Did you trade the signal as it was ~~ or~~
5. Did you reverse the signals
6. Results of the trade

This way we can get a feel for what's working in terms of timeframe, signal treatment and market (Asian, London, NY, London-NY overlap etc )


Sandy
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