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Trading System Using Relative Strength-Part 2

  • #521
  • Oct 21, 2008 7:31pm Oct 21, 2008 7:31pm
After following the thread from the beginning... I will start with ES Rules but using different MA period setup. I use Fast = 1 and Slow = 2. I will test this setup till weekend and report here. Indicator that i used CCFp_diff [V.1.04]

Here is the result till now and still grow fast...

KG
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  • #522
  • Oct 21, 2008 7:38pm Oct 21, 2008 7:38pm
At the risk of seeming like a newbie, which I don't consider myself to be, I have a question for anyone. I have both indicators loaded, and will take only the first two trades as an example, since it's the same on many other pairs. Ver1.03 shows the GBP/USD as a SELL, and EUR/USD as a SELL. This presumes the market will stay with that trend.
Ver1.04 has these same two pairs as a SELL, but recommends that the trade be reversed, meaning you would BUY. This presumes these pairs are away from the 0 point and will try to return. In other words, a Ranging or Choppy market.
#1....those trading the reversals on ver4 are betting on a ranging or choppy market?
#2....those going with ver3 are betting on the market continuing the trend?
#3....How can a person tell one way or the other when these same two pairs have plummeted in the past month, and someone who went entirely with a trending market on these pairs would have made a fortune?
#4....I'm confused.
  • #523
  • Oct 21, 2008 8:42pm Oct 21, 2008 8:42pm
1 hour and 20 minutes left before bar 4H closed... already 800 Pips... not bad

KG
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  • #524
  • Oct 21, 2008 9:23pm Oct 21, 2008 9:23pm
40 minutes left.... 1400 pips already... hmmmm

KG
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  • #525
  • Oct 21, 2008 9:38pm Oct 21, 2008 9:38pm
Close all first 4H round with 1643 pips... 30 minutes before the 4H candle finish... wait another 4H round...

KG

PS: Ignore my chart template.... that's just my another system.. actualy all trade that i made is base on CCFp_diff [V.1.0.4] Fast = 1 and Slow = 2... and trade level 1.
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  • #526
  • Oct 21, 2008 9:50pm Oct 21, 2008 9:50pm
Quoting RickW00716
FerruFx: When using the 1.04 version(non current) on a daily chart...Does the small Sunday bar(I have IBFX) affect the recommendations?
The sunday bar(s) may give a small difference with the previous one (friday), so suggestions would be filtered by the Level.

Only the gap may cause a big difference but if I remove the sunday bar(s) from the calculation, the suggestions will no longer match with the original CCFp lines indicator.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #527
  • Oct 21, 2008 10:02pm Oct 21, 2008 10:02pm
Quoting paradoxical
At the risk of seeming like a newbie, which I don't consider myself to be, I have a question for anyone. I have both indicators loaded, and will take only the first two trades as an example, since it's the same on many other pairs. Ver1.03 shows the GBP/USD as a SELL, and EUR/USD as a SELL. This presumes the market will stay with that trend.
Ver1.04 has these same two pairs as a SELL, but recommends that the trade be reversed, meaning you would BUY. This presumes these pairs are away from the 0 point and will try to return. In other words, a Ranging or Choppy market.
#1....those trading the reversals on ver4 are betting on a ranging or choppy market?
#2....those going with ver3 are betting on the market continuing the trend?
#3....How can a person tell one way or the other when these same two pairs have plummeted in the past month, and someone who went entirely with a trending market on these pairs would have made a fortune?
#4....I'm confused.
I think that there's an understanding problem with the suggestions:

1. The suggestions provided by the indicator (regardless of the reverse option) are the only ones that match with the initial ES strategy.

2. The reverse option doesn't look at all in the calculation. It only tell to reverse the original one. This isn't based on any choppy/ranging/0 line/etc supposition but only based on the option set to 'true' which give you a yellow sign in front of the pairs suggested. This option was add to try the Paris's idea.

3. Only the Trade_Level might filter the small moves and give you a reverse suggestion if the currencies are below the level.


FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #528
  • Oct 21, 2008 10:11pm Oct 21, 2008 10:11pm
Just open all suggestions... will see then

KG
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  • #529
  • Oct 21, 2008 10:44pm Oct 21, 2008 10:44pm
Here it is:

KG
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  • #530
  • Oct 21, 2008 11:10pm Oct 21, 2008 11:10pm
Quoting Paris Hilton
I think what \" At the Best \" and \" ES Trader \" have been doing is taking signals off of v.1.04 and reversing when indicated and have been making steady profits. I think this is what they've been doing. Correct me if I'm wrong. Thanks, Paris

Just an update. The FF 1.04 basket I ran yesterday ended up + $300 in profit. This is where I did the suggested reverals. The FF 1.04 Current basket also ended up with +$300 in profit. But I was using .10 lots for the first and .01 lots for the second. Pretty amazing.

Sandy
  • #531
  • Oct 21, 2008 11:18pm Oct 21, 2008 11:18pm
Quoting paradoxical
John, I'm not sure if you took my post wrong, or not. I was not in any way questioning your expertise, which is readily apparent. For that matter, I would like to know a lot more about your own system that I have downloaded, as it looks excellent. It's that i was getting confused here with the different methods, which hopefully I will clear up in the following post. I very much appreciate your input.
Paradoxical,

It's not my intention to start another thread or promote my trade setups. It's just that I wanted to show that starting a basket trade at a major turning point, a major breakout or a major continuation pattern......during the trading day.......... must be the better moments to do that.

Also have read your other post and do understand what you mean. I agree the whole nitty gritty of becoming succesful with basket trading boils down to adapting at the right time...... at the change of the wave.

Yesterday I noticed that there are others on this forum that have evolved their views more in the way I have been exploring the subject and regarding that I'll post an update later today,

Have a nice day, John
  • #532
  • Oct 21, 2008 11:25pm Oct 21, 2008 11:25pm
Quoting ladecker
Thank you....because I can add compound returns. I'll be using v1.04b_current.too. Maybe like this...
the premise is to garner as much pent up MOmentum with MTF approach working with closed bars (younger version) in the higher time frames in agreement, setting the trend, and looking for the opposite color in lower time frames for the opposite color, i.e., a pullback or reversal to enter in the direction of the higher trend. Example, M.W and D are in agreement, either red or green...so 4H is the entry candle cause its the first TF with the opposite color. Seems to me, in this example we could switch to v1.04b in the 4 H TF cause maybe its going to change color before the end of the next 4Hr bar closes. That would get us in earlier on a 4H TF. Or, If the 4Hr is also in agreement with the higher TF, proceed TF by lower TF until you find the opposite color or pullback to enter with 1H, 30M 15M or 5M TF as you have pointed out with the advantage of less risk and disadvantage less reward, running into one of your 4 dotted lines. Thank you.

I think your approach may be a good education to all of us..... Would you be so kind and take the time to show us an illustrated example, because I like visual guidance in these cases, THX John
  • #533
  • Oct 21, 2008 11:32pm Oct 21, 2008 11:32pm
Quoting 1trader2
John,

I believe I gave you kudos a few posts back and I really value your input. You are one of our valued contributors that makes us think \"outside the box.\" I just don't want questions like \"how do I put a script on a chart, etc.?\" I just want people to think about what they're posting before they do so. On the other hand, I'm a big proponent of, \"there are no stupid questions.\" So if there are those in the thread who want to answer the simpler questions, that's fine with me. I'm pretty flexible and willing to go with the flow (as long as its going somewhere...)

As in my first post opening the thread back up, I stated that I wanted to continue to explore this method and expand on it while keeping true to its origin. That means digging deeper in trying to understand how & why it works or doesn't. I'm looking forward to continuing our discussion and your input and that of others is appreciated.

1Trader2
Moderator
Okay, my toes just must have been a bit too long...... You cleared it all up for me. Thanks and have nice day, John
  • #534
  • Oct 21, 2008 11:51pm Oct 21, 2008 11:51pm
Quoting nubchai
Just an update. The FF 1.04 basket I ran yesterday ended up + $300 in profit. This is where I did the suggested reverals. The FF 1.04 Current basket also ended up with +$300 in profit. But I was using .10 lots for the first and .01 lots for the second. Pretty amazing.

Sandy
Hi Sandy,

Could you be a bit more specific? Did you use same pairs on both trades? Different timeslots, i.e. different time of beginning and end of the trades?
Or do you have any other explanation / thoughts with respect to these results?
THX, John
  • #535
  • Oct 21, 2008 11:59pm Oct 21, 2008 11:59pm
Quoting Kang_Gun
After following the thread from the beginning... I will start with ES Rules but using different MA period setup. I use Fast = 1 and Slow = 2. I will test this setup till weekend and report here. Indicator that i used CCFp_diff [V.1.04]

Here is the result till now and still grow fast...

KG
Have seen all your latest posts...... Impressing results.

By setting the MA's to the fastest possible settings on FF's regular 1.04 indicator you are in fact adapting more and more to the current wave..... with lesser delay that is. I'll be follwing your results, THX John
  • #536
  • Oct 22, 2008 1:07am Oct 22, 2008 1:07am
hello to everyone ,
first of all i would like to thank ES Trader for this wonderful contribution,
Basket trading has never been to my attention untill Mr. ES has shared his knowledge here.
and also many thanks for FerruFx as he is contributing anormous effort here without any charge...

I'm using a neural network , my own brain, to trade while i try determine the entrance points wtih the help of EStrader rule and FerruFx 4h current ind.
(Shiva template, thank you btw)

By neural networking,
i mean i'm using a demo account and a live one side by side. Getting the reference values from demo and leaving the 4h trades open for the whole period.
Keeping my eye on it all time , after a while i begin to train my perception, my neaural network to sense the harmonic oscilattions or deep falls or rises. i do not put sl ot tp as i 'm always in charge of trade myself.

All i would like to know for this time is ,

if it is possible or not to write a script to define a whole group of pairs and long-short orders respectively and initiate this basket order at the same time with one click. And also closing the recent basket order with another one click again. I have at hand Equity tp clos script at hand but if i use it i loose all the pairs data and have to give orders by hand again which makes action taken slow and loosing the wave , phase shift... Phase shifting is what makes the whole difference bettween loosing and winning. If you can keep the ritgh phase with orders , taking profit or loosing doesnt matter , it means we will keep on loosing and winning continously.

And last of all a tick option or something very fast, sth. practical to reverse every order in the basket at same time.

This way i will be able to see a huge wave coming and get in to my position stay there as long as i feel the movement and close the recent basket with one click. And if i can catch a wave pattern afterwards , if feel that my last basket will turn back to the starting point then i reverse all of them with one click and take my position till i close them all at same time..
Doing this manually takes much time and slows the whole sequence , thus you loose syncronization , phase shifts...
  • #537
  • Oct 22, 2008 1:48am Oct 22, 2008 1:48am
Quoting John Edwards
Hi Sandy,

Could you be a bit more specific? Did you use same pairs on both trades? Different timeslots, i.e. different time of beginning and end of the trades?
Or do you have any other explanation / thoughts with respect to these results?
THX, John
Hi John. It was a spur of the moment test since I wasn't really trading this system yesterday. I should have documented better. I think I placed the trades late...somewhere around 4:45. Both indicators were set to Trade level 2.

The 1.04 complete trades were eu, gu, euraud, eurchf, ej, gbpchf, gj, audnzd, eurcad, nzdusd, and audusd. These were all sells except for audnzd


The 1.04 trades where i did recommended reversals were: sell nzdusd, sell eurcad, buy audnzd, sell gj, buy aj, buy eurgbp, sell gbpchf, buy euraud, sell audusd, sell gu.

As an aside I'm also interested in your trade approach and hope you keep posting about it.

Thanks!
Sandy
  • #538
  • Oct 22, 2008 1:50am Oct 22, 2008 1:50am
hello kang_gun..

i've tried your setting.. fast 1 slow 2.
i entered the market about 50 min ago.. seems the results are not good...

drawdown for about 100 pips...

are you doing the same?
thanks
  • #539
  • Oct 22, 2008 1:59am Oct 22, 2008 1:59am
Quoting crushbeat
hello kang_gun..

i've tried your setting.. fast 1 slow 2.
i entered the market about 50 min ago.. seems the results are not good...

drawdown for about 100 pips...

are you doing the same?
thanks
Yup... it's start consolidation....
But I will continue blindly.... just calculate the result at the end of the day...

KG
  • #540
  • Oct 22, 2008 2:02am Oct 22, 2008 2:02am
Tradewithme.

Attached is a CloseAll script that someone sent me. I use a variation. You can customize it and once you complie it the changes will remain.

As far as placing orders I agree that a script would be nice. But with the varipus combinations of potential pairs and buys or sells I think a script would be difficult to do. But a little EA that allowed you to tick off pairs and "buy" or "sell" and then sent off the order would be great. From past experience I know one of the issues is sending a bulk set of orders in a way that you don't get "Trade context busy" errors. The programming gurus probably know how to do this,

Sandy
Attached File(s)
File Type: mq4 CloseAllOrders .mq4   7 KB | 526 downloads
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