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Trading System Using Relative Strength-Part 2

  • #401
  • Oct 20, 2008 7:46pm Oct 20, 2008 7:46pm
Sorry, but I don't understand how the "close all positions" mq4 file is used. I have it downloaded into my indicator file, is that wrong? It won't attach to a file so I'm assuming I'm trying to us it completely wrong? Could I get some help from someone? Just a simple idea of what I need to do.

Thanks to all. The system seems fantastic so far and results have been positive but need to work with it a bit.

PipHunter
PipHunter
  • #402
  • Oct 20, 2008 7:52pm Oct 20, 2008 7:52pm
This is mine
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  • #403
  • Oct 20, 2008 7:54pm Oct 20, 2008 7:54pm
Quoting Forexharry
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.

greeting bro..

where can i get the heat map shown in your chart.. if it available for free... ... thanks..
  • #404
  • Oct 20, 2008 7:54pm Oct 20, 2008 7:54pm
Quoting Pip Hunter
Sorry, but I don't understand how the \"close all positions\" mq4 file is used. I have it downloaded into my indicator file, is that wrong? It won't attach to a file so I'm assuming I'm trying to us it completely wrong? Could I get some help from someone? Just a simple idea of what I need to do.

Thanks to all. The system seems fantastic so far and results have been positive but need to work with it a bit.

PipHunter
I think that would have to go into the script folder
  • #405
  • Oct 20, 2008 8:04pm Oct 20, 2008 8:04pm
Quoting ES Trader
I am still not clear why sometimes there is a recommendation to reverse on some currencies and on some none. May be ferrufx can elighten us.
Thanks
Kris
It was explained in the post where the v1.04 was posted.

If the level is set to a certain level, it consider that > or = to it, the market is trending so NO REVERSE. Below the level it consider the market is ranging so REVERSE suggested.

If you want all suggestions reverse, so set the level to 11.

Hope that make sense.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #406
  • Oct 20, 2008 8:06pm Oct 20, 2008 8:06pm
Quoting FOREXflash
Could somebody tell me what is the difference between usage of
trading level 1 and 2 in FF indicator !??
Level is the number of colored squares you have in the histogram table.

The pairs to trade are suggested only for currencies = or above the level you set.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #407
  • Oct 20, 2008 8:09pm Oct 20, 2008 8:09pm
Quoting Pipo
I think that would have to go into the script folder
Thanks Pipo....do I need to know anything else for using it or will it be pretty easy to figure out?

PipHunter
PipHunter
  • #408
  • Oct 20, 2008 8:09pm Oct 20, 2008 8:09pm
Quoting RaverStyleTim2
i definetly think that one of the next 'extras' for the indicator that would actually be usefull is making the indicator show only pairs that have accordance in all time frames on the 4h candle open. i.e. same suggestion on the 15m/30m/1h/4h when 4h candle opens.
Yes. Definitively in my ToDo list but it is a big work and I need time to do. So be patient. It might take days before this release to be coded.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #409
  • Oct 20, 2008 8:10pm Oct 20, 2008 8:10pm
Quoting j84_2
Looks like it takes forever to refresh
j84 2, I suggest you delete and re-instal the indicator again. Mine it only took about 20 seconds to refresh on the M15 TF.
  • #410
  • Oct 20, 2008 8:12pm Oct 20, 2008 8:12pm
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
Thanks Kris ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #411
  • Oct 20, 2008 8:15pm Oct 20, 2008 8:15pm
Just colsed the last 4H trades with +560 pips

and just started a new 4H trade
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  • #412
  • Oct 20, 2008 8:17pm Oct 20, 2008 8:17pm
Quoting ahendon
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?
Your are using 2 different indicators and you want the same suggested trades.

If you followed the thread, you certainly know that the v4b_current version use the current bar and the v3 use the previous. So don't expect the same results.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #413
  • Oct 20, 2008 8:20pm Oct 20, 2008 8:20pm
Quoting j84_2
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 ?
The refresh is done when all 7 pairs involved in the CCFp calculation received their own first tick for the bar (TF settled in the inputs).

And yes if USDCAD isn't moving, the refresh isn't complete.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #414
  • Oct 20, 2008 8:21pm Oct 20, 2008 8:21pm
Quoting RickW00716
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
Thanks for your kind words.

And yes you're right for all points!

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #415
  • Oct 20, 2008 8:25pm Oct 20, 2008 8:25pm
Nice numbers... i'm up 300+ pip using same settings but i didn't trade all pairs so missed some pips!

Using v1.04b_current at 240TF set to Level 3.... Market is ranging so i reversed pairs...





Quoting at the best
Just colsed the last 4H trades with +560 pips

and just started a new 4H trade
Attached Image (click to enlarge)
Click to Enlarge Name: es.jpg Size: 262 KB
  • #416
  • Oct 20, 2008 8:33pm Oct 20, 2008 8:33pm
geeve

i am using diff strategy because the broker is diff that what u have guys

my strategy is :reversing al suggestion that comes in the reversed pairs
  • #417
  • Oct 20, 2008 8:35pm Oct 20, 2008 8:35pm
Quoting Pip Hunter
Thanks Pipo....do I need to know anything else for using it or will it be pretty easy to figure out?

PipHunter
I don't have that script just on my platform so I can't tell you I suggest to run a few tests on a demo.
  • #418
  • Oct 20, 2008 8:41pm Oct 20, 2008 8:41pm
yes, this is the same strategy we are all using...

So, for example, Ferru indicators shows Eur/Usd as Buy with "Reversal Symbol" you are selling, correct?


Quoting at the best
geeve

i am using diff strategy because the broker is diff that what u have guys

my strategy is :reversing al suggestion that comes in the reversed pairs
  • #419
  • Oct 20, 2008 9:00pm Oct 20, 2008 9:00pm
Quoting FerruFx
Your are using 2 different indicators and you want the same suggested trades.

If you followed the thread, you certainly know that the v4b_current version use the current bar and the v3 use the previous. So don't expect the same results.

FerruFx

I suspected it was something I missed - thanks for taking the time to answer - I really do appreciate your passion/efforts - especially that you would take the time to calrify something you already made clear.
  • #420
  • Oct 20, 2008 9:04pm Oct 20, 2008 9:04pm
Quoting ahendon
I suspected it was something I missed - thanks for taking the time to answer - I really do appreciate your passion/efforts - especially that you would take the time to calrify something you already made clear.
You're welcome.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
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