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Trading System Using Relative Strength-Part 2

  • #381
  • Oct 20, 2008 4:16pm Oct 20, 2008 4:16pm
Thanks for the video. But I can do everything that Video says one can do(I hope I understood it right by looking at the video.I did not understand the language, sorry) rignt in my GOOD OLD OF USA. LOL
Thanks
  • #382
  • Oct 20, 2008 4:21pm Oct 20, 2008 4:21pm
Quoting ES Trader
Your Own statement says it all. I still can not figure out why every one wants MTF signals. Why in the world one wants to trade 4 hr looking at 5 minute when you are actually trading MULTI currency and its relation to each other.

This system is looking at interrelationship with one another. In otherwords when one currency is getting stronger otherone is getting weaker, BUT this is happening not just for ONE pair but across MULTIPLE pairs.

My friend, stick to basics.JUst use Ferrufx V1.04 ( created by one of the BEST Programmer I have ever known) on 4 hr chart .Start with mini account and Dont forget to put stop loss and build your account slowly.

That's it. Very simple.Let's not make our life more complicated .

Kris
Yeah Kris, I am playing 3 individual systems a 1hr (no MTF) a 4hr and a daily all using FF's indicator, all 3 systems lost around 700 each. You mentioned early you were reversing the signals as Paris. Are you taking your trades 15 minutes after the bar opens? Unless someone strikes the grail with MTF I don't use them.
  • #383
  • Oct 20, 2008 4:23pm Oct 20, 2008 4:23pm
Quoting ES Trader
Your Own statement says it all. I still can not figure out why every one wants MTF signals. Why in the world one wants to trade 4 hr looking at 5 minute when you are actually trading MULTI currency and its relation to each other.

This system is looking at interrelationship with one another. In otherwords when one currency is getting stronger otherone is getting weaker, BUT this is happening not just for ONE pair but across MULTIPLE pairs.

My friend, stick to basics.JUst use Ferrufx V1.04 ( created by one of the BEST Programmer I have ever known) on 4 hr chart .Start with mini account and Dont forget to put stop loss and build your account slowly.

That's it. Very simple.Let's not make our life more complicated .

Kris
I am still wondering about using reverse signals...have there been any rules on doing this yet?
Are you doing all straight signals now or some reverse?(I saw in the past you did some reverse, but are you doing now?

I think using lower timeframe signals to time the direction of the closed 4hr bar could be useful.
  • #384
  • Oct 20, 2008 4:31pm Oct 20, 2008 4:31pm
Have been trading the reverse signal most of the day. Below is my trade from the 4:00 hour, I did not wait the full 15 minutes to place the trade. It's been a little up and down, but the last few hours have been pretty good - taking $100 and running.
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  • #385
  • Oct 20, 2008 4:34pm Oct 20, 2008 4:34pm
Quoting ingvardagmar
I have HeatMap for free. It coded another forum.

http://i30.tinypic.com/nwh8pl.gif
Sorry to disappoint you, but if you think this is what the heat map does then you are mistaken, not even close this is showing you which direction the pair is going in differnet time frames consolidated on one chart. This has nothing to do with the heat map or the subject here.
  • #386
  • Oct 20, 2008 4:43pm Oct 20, 2008 4:43pm
If I missed the answer here I apologize in advance.

I am checking out v4b and notice that it is not showing the same pairs as recommended to trade (not just a reverse signal - the pair does not show up) in one version and does in the other.

for example EURUSD is a SELL in V3 set for daily and does not appear on the daily chart on v4b. same trade level, not using bar on v4b - why the difference?
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  • #387
  • Oct 20, 2008 4:45pm Oct 20, 2008 4:45pm
is there a template here for getting the indicator for the mulitple time frames? having problems getting it move over correctly
  • #388
  • Oct 20, 2008 4:49pm Oct 20, 2008 4:49pm
Quoting RaverStyleTim2
is there a template here for getting the indicator for the mulitple time frames? having problems getting it move over correctly
Go to parameters and move it in the "X" direction
  • #389
  • Oct 20, 2008 4:50pm Oct 20, 2008 4:50pm
ES, or anyone. Attached are charts of the version 4b, and version 3. Are you saying the best trades are probably the reversal trades shown on version 4b? It looks like ES did take most of the version4 trades shown, according to the chart you posted. But, another person posted his trades that were reversals, which were completely different.
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  • #390
  • Edited 6:06pm Oct 20, 2008 5:30pm | Edited 6:06pm
trades 1h ago
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  • #391
  • Oct 20, 2008 6:00pm Oct 20, 2008 6:00pm
Quoting at the best
trades 1h ago
At Best, please remove your chart and repost it using the manage attatchment button in the advanced section below your edit area. Just load it as a file. the way you have done it make the screen very hard to scroll.
  • #392
  • Oct 20, 2008 6:07pm Oct 20, 2008 6:07pm
smjones

Done

Sorry for the previous posting
  • #393
  • Oct 20, 2008 6:18pm Oct 20, 2008 6:18pm
Quoting at the best
smjones

Done

Sorry for the previous posting
Thanks a lot.

Now if we could get the other one from that other person, but he has no access anymore... Oh well.. lol thanks again.
  • #394
  • Oct 20, 2008 6:22pm Oct 20, 2008 6:22pm
John,
I realize your template may not be entirely to do with this system, but in looking it over on the two pairs I have it on, it certainly seems pretty accurate. WIll have to definitely keep an eye on it.
Quoting John Edwards
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
  • #395
  • Oct 20, 2008 6:25pm Oct 20, 2008 6:25pm
Anyone got success in using version 1.04b ?? Please do share your trading results....thanks.
  • #396
  • Edited 7:35pm Oct 20, 2008 7:20pm | Edited 7:35pm
i'm using 1.04 on ibfx. A new 4hr cycle just started 15 mins ago. After about 20 mins, it is still saying pair refresh. Why ? Is it becoz of USDCAD not moving ?
Attached Images
  • #397
  • Oct 20, 2008 7:27pm Oct 20, 2008 7:27pm
FerruFX....Great indicators!!!! Thank you very much!!!

The latest version 1.04b(current)...this one updates on the current bar, correct? So it will change as the current bar changes?

version 1.04(non current) just shows results for the last closed bar, right?

Just trying to get this straight in my own head....thank you
  • #398
  • Oct 20, 2008 7:33pm Oct 20, 2008 7:33pm
Dear Forexharry, I'll keep it short as I don't like to waste to much of my time on replying to a post such as yours.
Reading through some of your post at FF I can say your contribution to the forex community so far has been O . If anything you are more a spruiker ( http://en.wiktionary.org/wiki/spruiker) than a trader.
From your first post in this thread one can assume, as there are no people out there with ideas or programmers with passion and that "your Holy Grail" software you referring to in almost every post and only available at … fell out of the sky or did someone pay a programmer to write it.
And for the chances that you are a professional trader I would rather take my chances at Vegas.
Cheers
  • #399
  • Oct 20, 2008 7:39pm Oct 20, 2008 7:39pm
3.5hours into trade, light trading. Some small profits of about +180 pips taken. Reverse trades on ferrufx v.1.03. Paris
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  • #400
  • Oct 20, 2008 7:46pm Oct 20, 2008 7:46pm
Looks like it takes forever to refresh
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