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Trading System Using Relative Strength-Part 2

  • #281
  • Oct 19, 2008 8:13pm Oct 19, 2008 8:13pm
Quoting John Edwards
So therefore I have another request FerruFX, if you would be so kind to also modify your Current version indicator in such a way that we can use it with this trade setup? I mean using the CLOSE option and also presenting current BUY – SELL advise.
Here's attached.

FerruFx
Attached File(s)
File Type: ex4 CCFp-Diff_[v1.04_current].ex4   87 KB | 1,687 downloads
MT4/MT5 EAs/Indicators/Alerts coder
  • #282
  • Oct 19, 2008 8:42pm Oct 19, 2008 8:42pm
Quoting FerruFx
Here's attached.

FerruFx
Thank you FerruFx I will put it in action ASAP.
  • #283
  • Oct 19, 2008 8:48pm Oct 19, 2008 8:48pm
Quoting FerruFx
!xMeter doesn't use the original strategy. This thread is based on CCFp calculation.

FerruFx
Yes, I know that. But it has the meter display that someone could adapt to the CCFp.
  • #284
  • Oct 19, 2008 8:50pm Oct 19, 2008 8:50pm
Quoting PipClipper
Yes, I know that. But it has the meter display that someone could adapt to the CCFp.
It will then display the same result of the CCFp-Diff ... Why make a 2nd indicator which will have the same result ?

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #285
  • Oct 19, 2008 9:43pm Oct 19, 2008 9:43pm
I just wanted to commend all the contributors to this thread for the great ideas being put out there. Special kudos go to John Edwards for putting a new dimension and twist on the whole thing. (I will need some time to digest this...). And to FerruFx for adapting the already brilliant indicator (you are a regular coding machine!) Also for Pipo's interpretation... etc., etc

I guess you can tell I'm thrilled with the way this is going...

1Trader2
Moderator
  • #286
  • Oct 19, 2008 10:40pm Oct 19, 2008 10:40pm
Quoting 1trader2
I just wanted to commend all the contributors to this thread for the great ideas being put out there. Special kudos go to John Edwards for putting a new dimension and twist on the whole thing. (I will need some time to digest this...). And to FerruFx for adapting the already brilliant indicator (you are a regular coding machine!) Also for Pipo's interpretation... etc., etc
Don't forget that the originator of all this is YOU Thanks a lot.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #287
  • Edited 11:32pm Oct 19, 2008 11:21pm | Edited 11:32pm
Signal on AUDJPY for long entry stoploss at 69.65 it needs to clear the lines above.

update: M30 has given buy signal now too
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AJa.JPG Size: 23 KB
Click to Enlarge Name: Signal.JPG Size: 168 KB
  • #288
  • Edited 11:42pm Oct 19, 2008 11:30pm | Edited 11:42pm
NZDUSD H1 inside bar breaking out long
Sorry not CFFp related
  • #289
  • Oct 19, 2008 11:40pm Oct 19, 2008 11:40pm
Quoting ES Trader
Nubcahai,
please read the post above. Let me tell you How I traded 101 system.This may be totally different from how he explained.

I simply look at the last column in the orest indicator v1.11 and if the total number was above 100 I went long whole group and vice versa.

I also used VQ indicator on all the currency pairs.When I saw more currencies in green I went long and when more charts were showing red I went short.( I have explained this in 101 thread.)

I still am not able to understand currency jumping and how to trade those.
This does not mean 101 ,s system is hard to understand.It simply means my senile brain is having hard time to understand .LOL
Thanks
Hi ES,

Appreciate if you tell us the time frame that you look at for the VQ indicator.

Also, would you go short at 99 and long at 101...., trying to guage the approx levels for longs/shorts.

Would like to observe all these and relate it to your system being discussed here.

Thanks

TF



Thanks

TF
  • #290
  • Oct 19, 2008 11:46pm Oct 19, 2008 11:46pm
MTF 15,30,1H,4H WHEN ALL IN AGREEMENT. Current 4 hour candle. (4:00gmt)(GBP/CHF,GBP/JPY,AUD/JPY,andAUD/CHF......all buys....up 200 pips....works great...keep it simple!
  • #291
  • Oct 20, 2008 1:07am Oct 20, 2008 1:07am
Quoting cjd
MTF 15,30,1H,4H WHEN ALL IN AGREEMENT. Current 4 hour candle. (4:00gmt)(GBP/CHF,GBP/JPY,AUD/JPY,andAUD/CHF......all buys....up 200 pips....works great...keep it simple!
What is your CCFp level setting?
  • #292
  • Oct 20, 2008 1:30am Oct 20, 2008 1:30am
Quoting RickW00716
The indicator Je-ArrZZx2...you mention that it helps identify an area where a valid setup bar may be...does it draw this in advance? If so, how far?

Thanks for these indis and set up!
Hi Rick,

Other than neural projecting indicators there are no indicators that in advance can draw turning points. However this is a much more clever ZZ indicator........ for it places arrows under or over a couple bars. As such it shows where there are double top- and double bottom- like turning points.

When more than two arrows have been marked on the chart, you have more evidence that it's going to be a turning point. However you always should combine ZZ turning points with other indicators, like we do here with QQE.
The QQE also shows agreement in several ways >>>>> support -resistance falling and rising double tops and bottoms, crossing of centerline, resistance or support.

Always use the incators in accordance with the 4 Pivot lines and you have a powerful set of tools....... the lesser indicators the better.

Hope this helps, John
  • #293
  • Oct 20, 2008 1:40am Oct 20, 2008 1:40am
Quoting FerruFx
Here's attached.

FerruFx
Thank you very much FF. You are the fastest coder I ever came across any forum. How is this possible? Did you get any (enough?) sleep....... after coding for more than 130 hrs last week.
I know it sometimes is pure passion that gets you in its grasp to go on and on.... but take care of your health and have a break now and than.

It's amazing what you have done here again..... I can't wait a minute longer to see what this baby does on the current bars.....

John
  • #294
  • Oct 20, 2008 2:09am Oct 20, 2008 2:09am
Quoting John Edwards
Thank you very much FF. You are the fastest coder I ever came across any forum ...

... It's amazing what you have done here again..... I can't wait a minute longer to see what this baby does on the current bars
Thanks for your kind words. Very much appreciated.

Quoting John Edwards
How is this possible? Did you get any (enough?) sleep....... after coding for more than 130 hrs last week.
4-5 hours is enough yes!!! 130hrs is as usual for each week ...

Quoting John Edwards
I know it sometimes is pure passion that gets you in its grasp to go on and on.... but take care of your health and have a break now and than.
Even if it's my job, yes it's before all a passion.

Again, thanks for your support.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #295
  • Oct 20, 2008 2:17am Oct 20, 2008 2:17am
Here are a couple of validated BUY setups on the 5min chart EURUSD.

Those of you who have read the definitions will have noticed that today we have purple and yellow pivot line close together, which means that this is going to be a trading with strong trending potential. The breakout is to the upside and in accordance with H4 and H1 charts, also QQE.

We therefore only look for BUY Trades. Whenever on the H4 chart price would be falling again under the upper (aqua) target line, we would look for evidence that the uptrend has halted and that the trend has reversed >>>>> Only than we would start looking for valid SELL entries.

BTW, above the aqua pivot and under the deeppink pivot lines you look for guidance to the ArrZZx2+ indicator for continuing trades. Also look at the QQE.... for instance if this one crosses it's signal line.

Hope these examples help you, John
Attached Image (click to enlarge)
Click to Enlarge Name: mtf's of 20-10-08 - 06 55 gmt.gif Size: 77 KB
  • #296
  • Edited 2:45am Oct 20, 2008 2:21am | Edited 2:45am
Hi All,

Very much thanks to all here....i've been trading this type of system before but was not aware there were indicators to help...a million thanks to FerruFX, great indicator, and thanks ES trader for his great system, i guess the only challenge for this is to identify SL and TP level.

profited 3.5% today.

Cheers.
alvinrikki
  • #297
  • Oct 20, 2008 2:22am Oct 20, 2008 2:22am
Quoting John Edwards
Those of you who have read the definitions will have noticed that today we have purple and yellow pivot line close together, which means that this is going to be a trading with strong trending potential.
Purple and Yellow line are close because of the sunday small trading day. So be very carefull before draw conclusions.

Anyway, thanks for this great setup.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #298
  • Oct 20, 2008 3:01am Oct 20, 2008 3:01am
Quoting <br /> Quote:<br /> Originally Posted by [B
John Edwards[/b] http://www.forexfactory.com/images/buttons/viewpost.gif
So therefore I have another request FerruFX, if you would be so kind to also modify your Current version indicator in such a way that we can use it with this trade setup? I mean using the CLOSE option and also presenting current BUY – SELL advise.

Here's attached.

FerruFx
Attached Fileshttp://www.forexfactory.com/images/attach/ex4.gifCCFp
Hi FF,

I have attached current version 1.04 to H4 chart, but don't see the expected BUY/SELL advise regarding C0 and C1 bars. Is it possible to implement this too?

I intend to use the current version advise of H4 charts in comparison to the advise of your regular indicator (1.04) attached to H1 and M5 charts.

I expect the H4 current advise to be more reliable in this respect than the advise on the regular version attached to an H4 chart, which in fact is 4 hours late all the time >>>> i.e. for comparison to TF's 30 down to 1 minute.

THX, John
  • #299
  • Oct 20, 2008 3:10am Oct 20, 2008 3:10am
Quoting John Edwards
Hi FF,

I have attached current version 1.04 to H4 chart, but don't see the expected BUY/SELL advise regarding C0 and C1 bars. Is it possible to implement this too?

I intend to use the current version advise of H4 charts in comparison to the advise of your regular indicator (1.04) attached to H1 and M5 charts.

I expect the H4 current advise to be more reliable in this respect than the advise on the regular version attached to an H4 chart, which in fact is 4 hours late all the time >>>> i.e. for comparison to TF's 30 down to 1 minute.

THX, John
Oh I see. The original "current" version show only the histogram (no suggestions).

I have to add this in a v1.04b_current version ... Will do asap. Let me few hours ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #300
  • Oct 20, 2008 3:24am Oct 20, 2008 3:24am
Hi FF,

Attached to H4 chart is regular version 1.04, set to CLOSE=true option and Tradelevel=0. However we don't see Eurusd listed with Buy advise, yet C1>C2. What may cause this? Thanks for looking into this.

John
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4 regular.gif Size: 27 KB
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