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Trading System Using Relative Strength-Part 2

  • #421
  • Oct 20, 2008 9:20pm Oct 20, 2008 9:20pm
Can someone give me a link to the latest version of the indicator. Also when do you trade with the indicator or when do you pull a "paris"? Is there a filter that is in the indicator that does it automatically or is this a personal thing. i would assume you trade with when its trending and against when its choppy. Thanks again for the response.

-Sterling
Founder of Day Trading Forex Live
  • #422
  • Oct 20, 2008 9:24pm Oct 20, 2008 9:24pm
I've never used a script before. I have compiled them, but I was wondering if it was easy to explain how to use the "close all orders" script that is offered in this thread. I downloaded it into my indicators/scripts file and closed/re-opened the platform so it would compile it. It's in navigator, when I command it to execute, it gives me the tones every few seconds as if it's closing files but it's not. I didn't know if you could tell what I might be doing wrong.

I can't help but think everyone is using this script to close all orders at once. Perhaps there's just as easy a way to close them all at once??

Thanks for you time!

PipHunter
PipHunter
  • #423
  • Oct 20, 2008 9:26pm Oct 20, 2008 9:26pm
Quoting stersuhr
Can someone give me a link to the latest version of the indicator. Also when do you trade with the indicator or when do you pull a \"paris\"? Is there a filter that is in the indicator that does it automatically or is this a personal thing. i would assume you trade with when its trending and against when its choppy. Thanks again for the response.

-Sterling
You can find the lastest indicators by clicking on the paperclip shown at the top of each pages of this thread.

If you want to filter the reversed trades suggestions, just set the Level with a number you're comfortable with. Equal or above will be No Reversed, below will be reversed assuming the level is the borderline ranging/trending.

Then follow the Gold sign signaling the pairs to be reversed.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #424
  • Oct 20, 2008 9:32pm Oct 20, 2008 9:32pm
Quoting FerruFx
You can find the lastest indicators by clicking on the paperclip shown at the top of each pages of this thread.

If you want to filter the reversed trades suggestions, just set the Level with a number you're comfortable with. Equal or above will be No Reversed, below will be reversed assuming the level is the borderline ranging/trending.

Then follow the Gold sign signaling the pairs to be reversed.

FerruFx
I assume by "level" you mean the trade level? So I would set it to a negative number? I used to use "2" on trade level so I would use "-2" to have something comparable that will also have reversal signals? Thanks again!

-Sterling
Founder of Day Trading Forex Live
  • #425
  • Oct 20, 2008 9:34pm Oct 20, 2008 9:34pm
For every start of a new 4hr candle, there is 50% chance it will be red and 50% chance green candle. FF indicator increase the chance of the %, I think we need statistic over a period of time to find out what is the winning % of each pair and winning % trading the basket with different setting.

Forex is a game of chance. Right now, we can only forward test which need at least a few months from now to get the statistic. If there is a way to back test this indicator it would surely bring FF indicator to the next level.
  • #426
  • Oct 20, 2008 9:37pm Oct 20, 2008 9:37pm
Quoting stersuhr
I assume by \"level\" you mean the trade level? So I would set it to a negative number? I used to use \"2\" on trade level so I would use \"-2\" to have something comparable that will also have reversal signals? Thanks again!

-Sterling
Why do you want put a negative number? This Trade_Level correspond of the colored squares in the histogram table.

If you want filter to reverse with a level 2, set "Use.Reverse.Suggestions" to 'true' and you'll then receive suggestion to reverse on pairs with currencies = or above to 2 in the histo table.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #427
  • Oct 20, 2008 9:39pm Oct 20, 2008 9:39pm
Quoting j84_2
For every start of a new 4hr candle, there is 50% chance it will be red and 50% chance green candle. FF indicator increase the chance of the %, I think we need statistic over a period of time to find out what is the winning % of each pair and winning % trading the basket with different setting. If there is a way to back test this indicator it would surely bring FF indicator to the next level.
Any multi-pairs indicator/EA can't be backtested. The MT4 strategy tester is limited to the pair you attach the EA/indicator on.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #428
  • Oct 20, 2008 9:40pm Oct 20, 2008 9:40pm
Quoting Pip Hunter
I've never used a script before. I have compiled them, but I was wondering if it was easy to explain how to use the \"close all orders\" script that is offered in this thread. I downloaded it into my indicators/scripts file and closed/re-opened the platform so it would compile it. It's in navigator, when I command it to execute, it gives me the tones every few seconds as if it's closing files but it's not. I didn't know if you could tell what I might be doing wrong.

I can't help but think everyone is using this script to close all orders at once. Perhaps there's just as easy a way to close them all at once??

Thanks for you time!

PipHunter
Hi PH

Please be sure the 'allow live trades' is selected in the general inputs.



If that don't work I do have a 'close all pending and open orders' script that does work. (it doesn't work 'all at once' as you are decsribing rather it closes all trades one by one in a quick manner")
  • #429
  • Oct 20, 2008 10:04pm Oct 20, 2008 10:04pm
Hi geeve,

Your indicator(With lots of numbers) as shown in your chat looks nice.
Can you share this indicator out ?

Quoting geeve
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...
  • #430
  • Oct 20, 2008 10:16pm Oct 20, 2008 10:16pm
@ FurruFX - Hello, just wondering, since you have the great feature of "trade levels" can you add on your indicator each currency weather they are + or -, please. So maybe at the bottom of the main chart put the strong and weak currencies, just like what the moded ccfp indicators do but they don't have trade levels so they are different of course when the TL changes. Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #431
  • Oct 20, 2008 10:18pm Oct 20, 2008 10:18pm
I'm sure it's just my system, but Look at the pic below. I have levels set at 3 and the ink well shows mostly level 1 and I'm gettting a full list of trade recommendations that should be. I have reset, restarted, reloaded.
Attached Image (click to enlarge)
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  • #432
  • Oct 20, 2008 10:21pm Oct 20, 2008 10:21pm
IF set to trade level 1 there will be many trades avaliable.....
  • #433
  • Oct 20, 2008 10:21pm Oct 20, 2008 10:21pm
Quoting matrixebiz
@ FurruFX - Hello, just wondering, since you have the great feature of \"trade levels\" can you add on your indicator each currency weather they are + or -, please. So maybe at the bottom of the main chart put the strong and weak currencies, just like what the moded ccfp indicators do but they don't have trade levels so they are different of course when the TL changes. Thank you
Why don't you look at the colored histo table? If the Level is set to 3, all currencies RED with a number higher than 2 are "-" and all currencies Green with a number higher than 2 are "+".

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #434
  • Oct 20, 2008 10:24pm Oct 20, 2008 10:24pm
Quoting mitchp
I'm sure it's just my system, but Look at the pic below. I have levels set at 3 and the ink well shows mostly level 1 and I'm gettting a full list of trade recommendations that should be. I have reset, restarted, reloaded.
All seems to be fine. In your 15/30/60 TFs, with level 3 all suggested pairs are reversed because all currencies in the histo tables are below your level.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #435
  • Oct 20, 2008 10:31pm Oct 20, 2008 10:31pm
Quoting FerruFx
All seems to be fine. In your 15/30/60 TFs, with level 3 all suggested pairs are reversed because all currencies in the histo tables are below your level.

FerruFx

Ok, now I get it. Thanks for the explaination.

Mitch
  • #436
  • Edited 10:48pm Oct 20, 2008 10:32pm | Edited 10:48pm
That is the Orest indicator and can be found at the following link:

http://www.forexfactory.com/showthread.php?t=112522

I use the Orest indicator to tell me if the market is ranging or trending.

There are 4 "T" values at the bottom of the 4 hour Column in the Orest indicator.
The last "T" value represents the total for the timeframe and gives you overall direction.

Ranging Market

  1. If Orest indicator shows T value on H4 timeframe between -80<T<+80, then market is ranging
  2. Place reverse trades that FerruFX indicator shows

Trending Market

  1. If Orest indicator shows T value on H4 timeframe where T>+80 or T<-80, then market is trending
  2. Place normal trades that FerruFX indicator shows

This is by no means cut in stone, it is just something that i have been testing...

Ferru indicator v1.04 takes into account ranging/trending markets, but i still like to double check with Orest indicator...

Geeve



Quoting tjsun80
Hi geeve,

Your indicator(With lots of numbers) as shown in your chat looks nice.
Can you share this indicator out ?
  • #437
  • Oct 20, 2008 10:35pm Oct 20, 2008 10:35pm
Jessssssssssssss ( I shame on you... request so many thing)

OK.. I have read all the documentations about Cluster project (CCFp) and found that CCFp is a Trend Following Indicator and for signal they use CC indicator. CC is very sensitive and quickly reacts on the price movements.

I attached CC file that i have already modified the MA period input only, i change all period to 3 and 5 for all TF. I found that the calculation on CC will give us more accurate suggestion on your indicator.

So, could you make another indicator as CCFp-diff but the calculation is base on CC file... Please don't do it if you still not get enough sleep... hehehehehehe

Thank You,

KG
Attached Image (click to enlarge)
Click to Enlarge Name: ff3.jpg Size: 144 KB
Attached File(s)
File Type: mq4 CC_3_5_lwma.mq4   17 KB | 764 downloads
  • #438
  • Oct 20, 2008 10:41pm Oct 20, 2008 10:41pm
Just checking to see if Ronald is checking out the new thread - I am having a problem with the Cross EA (not picking up strength signals and therefore has stopped trading) and am wondering if you are thinking of adding an option by which the user could call for straight or reverse trading.

If you are it would be great (as is par for the course with your work).

thanks
  • #439
  • Oct 20, 2008 10:43pm Oct 20, 2008 10:43pm
Quoting Kang_Gun
Jessssssssssssss ( I shame on you... request so many thing)

OK.. I have read all the documentations about Cluster project (CCFp) and found that CCFp is a Trend Following Indicator and for signal they use CC indicator. CC is very sensitive and quickly reacts on the price movements.

I attached CC file that i have already modified the MA period input only, i change all period to 3 and 5 for all TF. I found that the calculation on CC will give us more accurate suggestion on your indicator.

So, could you make another indicator as CCFp-diff but the calculation is base on CC file... Please don't do it if you still not get enough sleep... hehehehehehe

Thank You,

KG
Sorry but we need to focus on the initial strategy here.

I can't mod the coding with any indicator requested by all members. I will have 100s of requests based on 100s differents indicators!!!!! This isn't the strategy ...

If really needed, PM me and we will talk about this elsewhere. This is offtopic here.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #440
  • Oct 20, 2008 10:48pm Oct 20, 2008 10:48pm
Quoting FerruFx
Sorry but we need to focus on the initial strategy here.

I can't mod the coding with any indicator requested by all members. I will have 100s of requests based on 100s differents indicators!!!!! This isn't the strategy ...

If really needed, PM me and we will talk about this elsewhere. This is offtopic here.

FerruFx
OK.. thank you
I'm sorry to bother you... and all member here,,,

KG
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