Trading System Using Relative Strength-Part 2 | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading system using relative strength 2,816 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

Relative Strength Basket Trading System 3,479 replies

Dyekid217 Trading relative strength and CICR 0 replies

VT Moving Averages of Relative Strength Index Alert Wanted 1 reply

Attachments: Trading System Using Relative Strength-Part 2
Exit Attachments

Trading System Using Relative Strength-Part 2

  • #541
  • Edited 4:56am Oct 22, 2008 4:04am | Edited 4:56am
Here it it the 2nd Round 4H results... -513 pips

KG

PS:

Actually i can close it in profit but i leave it till the end of 4H bar to collect and see what is happened... hehehehe
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp_1_2_lwma_7.jpg Size: 215 KB
  • #542
  • Oct 22, 2008 4:09am Oct 22, 2008 4:09am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Here we go!

Attached the CCFp-Diff_[v1.04-MTF]

1. Exact same calculation

2. Possibility to use up to 4 TFs (and/or)

3. Trade_Level still there

4. No reverse suggested

5. The refreshing check up is based on the smallest TF selected

6. Possibility to set the TF for the Timer and Timer_Alert

7. No histogram table drawn

So basically, the pairs suggested are the one with the same suggestions on all your selected TFs (with the same level).

Wish you a lot of pips.

FerruFx
Attached File(s)
File Type: ex4 CCFp-Diff_[v1.04-MTF].ex4   116 KB | 1,498 downloads
MT4/MT5 EAs/Indicators/Alerts coder
  • #543
  • Oct 22, 2008 4:12am Oct 22, 2008 4:12am
Here ENTRY at 3rd Round 4H... will see then..

KG
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp_1_2_lwma_8.jpg Size: 197 KB
  • #544
  • Oct 22, 2008 4:12am Oct 22, 2008 4:12am
Quoting FerruFx
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
Thanks...I was just curious...I was thinking about applying this to daily charts...maybe not now, though
  • #545
  • Oct 22, 2008 4:15am Oct 22, 2008 4:15am
Quoting FerruFx
Here we go!

Attached the CCFp-Diff_[v1.04-MTF]

1. Exact same calculation

2. Possibility to use up to 4 TFs (and/or)

3. Trade_Level still there

4. No reverse suggested

5. The refreshing check up is based on the smallest TF selected

6. Possibility to set the TF for the Timer and Timer_Alert

7. No histogram table drawn

So basically, the pairs suggested are the one with the same suggestions on all your selected TFs (with the same level).

Wish you a lot of pips.

FerruFx

Wow thank you FerruFX !!!

Sandy
  • #546
  • Oct 22, 2008 4:20am Oct 22, 2008 4:20am
Just my opinion, but I would think incorporating an MTF element is a good idea, so nice indicator Ferrufx. CJD introduced this idea at the beginning of the thread, but it seemed to fizzle out.

I'm looking at the V3 indicator and its showing GBP very weak and JPY very strong, on the 4H (Level 7's).

However, on the lesser timeframes, the results are mixed with no strong signals either way. (Level 1 and 2 mixed buy and sell)

On the 4H system rules, GBPJPY would be a strong sell. But....

1. It could be turning in to a new trend given the shorter TF info. or
2. It could be retracing within a current trend.

To me, this a 50-50 without looking at shorter TF's.

Surely by trying to tie up the strength signals across all TF's must give a better probablility of a successful trade.

That being said, I think the relative strength theory is sound (Thanks ES for bringing it to my attention), but I can't help thinking that more visibility is required.

Many Thanks
PQ.
  • #547
  • Oct 22, 2008 4:37am Oct 22, 2008 4:37am
Quoting FerruFx
Here we go!

Attached the CCFp-Diff_[v1.04-MTF]

1. Exact same calculation

2. Possibility to use up to 4 TFs (and/or)

3. Trade_Level still there

4. No reverse suggested

5. The refreshing check up is based on the smallest TF selected

6. Possibility to set the TF for the Timer and Timer_Alert

7. No histogram table drawn

So basically, the pairs suggested are the one with the same suggestions on all your selected TFs (with the same level).

Wish you a lot of pips.

FerruFx
God bless you..
Never sell @ lower upward channel unless breacked and vise versa .
  • #548
  • Oct 22, 2008 5:59am Oct 22, 2008 5:59am
Here is the current result ... 2 hrs before 4H candle closed...

KG
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp_1_2_lwma_9.jpg Size: 213 KB
  • #549
  • Oct 22, 2008 6:46am Oct 22, 2008 6:46am
Thank you very much for the multi Indicator

great job
  • #550
  • Oct 22, 2008 7:29am Oct 22, 2008 7:29am
Thanks for the new indy, but I can't get it to attach to a chart. I haven't had this problem before. Has anyone else had this problem? And once again thanks for all the work you have been putting in here.

Quoting FerruFx
Here we go!

Attached the CCFp-Diff_[v1.04-MTF]

1. Exact same calculation

2. Possibility to use up to 4 TFs (and/or)

3. Trade_Level still there

4. No reverse suggested

5. The refreshing check up is based on the smallest TF selected

6. Possibility to set the TF for the Timer and Timer_Alert

7. No histogram table drawn

So basically, the pairs suggested are the one with the same suggestions on all your selected TFs (with the same level).

Wish you a lot of pips.

FerruFx
  • #551
  • Oct 22, 2008 8:03am Oct 22, 2008 8:03am
Closed all trade 3 minutes before new candle... +243 pips...

KG
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp_1_2_lwma_10.jpg Size: 213 KB
  • #552
  • Oct 22, 2008 8:57am Oct 22, 2008 8:57am
FerruFX,

Does the Timer_Timeframe input need to be set to the highest TF setting?
  • #553
  • Oct 22, 2008 9:03am Oct 22, 2008 9:03am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting BenQ
FerruFX,

Does the Timer_Timeframe input need to be set to the highest TF setting?
It's very important to set the Timer_Timeframe ... as your need !!! No restriction. You can even set a TF which you don't have set to trade.

In others words, set it as you want! It has nothing to do with the calculation. Just a bar end alert.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #554
  • Oct 22, 2008 9:12am Oct 22, 2008 9:12am
So whatever I set it to, it gives a snapshot of the the MTF signals at that moment in time? If that's true, very nice job.

Quoting FerruFx
It's very important to set the Timer_Timeframe ... as your need !!! No restriction. You can even set a TF which you don't have set to trade.

In others words, set it as you want! It has nothing to do with the calculation. Just a bar end alert.

FerruFx
  • #555
  • Oct 22, 2008 9:18am Oct 22, 2008 9:18am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting BenQ
So whatever I set it to, it gives a snapshot of the the MTF signals at that moment in time? If that's true, very nice job.
No, the Timer just give you the time left to the end of the bar you set in Timer_Timeframe.

The suggestions taken from the 4 TFs selected are completely separate from the Timer. Timer is just here to help visualise when a given bar will end.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #556
  • Oct 22, 2008 9:33am Oct 22, 2008 9:33am
Then why does it give me a signal then? I have it set for M5-H4 with Timer Timeframe set to 60. It gives me signal every 60 minutes if there is one.

Edit: Actually, it will show a signal for a few minutes and then disappear.
  • #557
  • Oct 22, 2008 9:45am Oct 22, 2008 9:45am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting BenQ
Then why does it give me a signal then? I have it set for M5-H4 with Timer Timeframe set to 60. It gives me signal every 60 minutes if there is one.

Edit: Actually, it will show a signal for a few minutes and then disappear.
The timer doesn't give any signal for Buy/Sell. It is just a timer to tell you that the bar end. That's all.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #558
  • Oct 22, 2008 9:52am Oct 22, 2008 9:52am
These are all reversed trades on v.1.03. I'm testing this indicator this week and will test v.1.104 next week if everyone is having good results so far. Up about +240 pips so far. So far I've only had one losing session so far with the reversal strategy. Paris
Attached Image (click to enlarge)
Click to Enlarge Name: chart photo.gif Size: 80 KB
  • #559
  • Oct 22, 2008 9:57am Oct 22, 2008 9:57am
1) THANK YOU

2) To only look for 3 TF in agreement or 2 TF in agreement, would they be listed in ascending order? Which is to ask, the same ascending T F (in your indicator) starting with 5M, then 15M (for2) and 30M (for3)? Why?
I am thinking of using for MO,Wk, and Day. That would be the 3 in agreement. Also, Day and 4 Hr in agreement. That would be the 2 in agreement.

3) If 2) = True, Then may I attach Two (2) MTF versions or Three (3) to the same Chart? Why?
This would allow, at a glance, be all time frames in agreement. Since Higher TF Rule. What I'm seeking to find is the 1st TF in decending order that does not agree. That's the pullback or dip. That's where the alarm goes. When it goes, That time frame turned to the trend. So,

If Mo., Day, and Year (3 =) are all equal its a trend. If they are not equal , its consolidation. Then, trade off the 4 Hr as the highest TF (caveat noted below) as it dictates the trend within the consolidation. (Apply the John Edward's Trading system in this TF and max out ea. trade or flip your basket quickly as has been the method)

If Mo, Wk, Day are not= , I want to know if Day = 4HR (2=), Then I can trade off the 4Hr as my trend, and enter on the 1st lower TF that is not in agreement with the 4 Hr. Example, John Edward's post on Oct. 21, 2008, where he entered on the 1 hr chart.
  • #560
  • Oct 22, 2008 9:59am Oct 22, 2008 9:59am
and hit wrong button.
Cusi,
ladecker
0 traders viewing now