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Trading System Using Relative Strength-Part 2

  • #621
  • Oct 22, 2008 8:19pm Oct 22, 2008 8:19pm
Quoting Kang_Gun
Yup.. you are wright. But i'm just test it to see the statistic results at the end with blindly open and close base on 4H candle... At the end we will have to set the strategy... but we need the forward test data first... And this is what i'm doing now
Yes this is the way to start!

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #622
  • Oct 22, 2008 8:24pm Oct 22, 2008 8:24pm
Just want to clarify things. Using the version 1.04 as is, you are betting that the market will continue to trend.
Using the reversal strategy, you're betting the market is ranging or choppy.
Is there a point where you would NOT bet on a trending market?
What would make you reverse?
  • #623
  • Oct 22, 2008 8:25pm Oct 22, 2008 8:25pm
Quoting FerruFx
Yes this is the way to start!

FerruFx
Yes.. I will keep posting my results and hope all of you here follow and analyze it...

Thanks

KG
  • #624
  • Oct 22, 2008 10:03pm Oct 22, 2008 10:03pm
Update on the MTF concept of entry on a TF pullback for entry for a pair that has MTF agreement in the higher ranges, focusing down the TFs for a lack of agreement,I.E. opposite color and waiting for a change to agreement, That's the entry point. That's what I'm trying to give an example of. Think of this as trying to catch the trend...what did John say? YOU HAVE TO TIME IT BEFORE YOU CAN SURF IT....the time is the counter trend happing right now and dynamically changing to agree with the trend. That translates to agreement with the higher TFs. The entry is when the disagreement turns to agreement.

The snap shot shows the 1H in disagreement, waiting to enter on agreement, i.e., sell with the higher Tfs in agreement=sell.
Attached Image (click to enlarge)
Click to Enlarge Name: relative strength mtf #6.gif Size: 64 KB
  • #625
  • Oct 22, 2008 10:04pm Oct 22, 2008 10:04pm
My Report

So far +2500 pip collected, I have started to use the following strategy for
Entry

TF 240 MA True CFF iff 1.04 Current MA as per original settings
TF 1440 MA True CFF Diff 1.04 current Ma as per original settings

If both Time frame ponts to the same direction I am in trade and about four
Trades conducted and was positive

I get confused with reverse strategy and I am not using the same
  • #626
  • Oct 22, 2008 10:15pm Oct 22, 2008 10:15pm
Harigp,

Do you mean you're only using H4 and daily on the v104 indi with UseBarInsteadofMA true?

Quoting harigp
My Report

So far +2500 pip collected, I have started to use the following strategy for
Entry

TF 240 MA True CFF iff 1.04 Current MA as per original settings
TF 1440 MA True CFF Diff 1.04 current Ma as per original settings

If both Time frame ponts to the same direction I am in trade and about four
Trades conducted and was positive

I get confused with reverse strategy and I am not using the same
  • #627
  • Oct 22, 2008 10:31pm Oct 22, 2008 10:31pm
Dear ES Trader,

Hope you don't mind telling me how you time your trade entry? I am asking because I noticed from your screen shots that sometimes you enter a couple of minutes after the 4 hr, sometimes 40 mintutes after the 4H and sometimes more than an hour after the 4H. (e.g. entry time 16:03, 20:40, 21:02).

Thanks
  • #628
  • Oct 22, 2008 10:37pm Oct 22, 2008 10:37pm
Quoting harigp
My Report

So far +2500 pip collected, I have started to use the following strategy for
Entry

TF 240 MA True CFF iff 1.04 Current MA as per original settings
TF 1440 MA True CFF Diff 1.04 current Ma as per original settings

If both Time frame ponts to the same direction I am in trade and about four
Trades conducted and was positive

I get confused with reverse strategy and I am not using the same
Sounds interesting and like a good idea. Could ypu post a screen short of your chart showing the setups of the two indicators?

Many thanks.

Harry
  • #629
  • Oct 22, 2008 10:43pm Oct 22, 2008 10:43pm
I am using MA True and Bar False

I tried before BAR True with TF 240 and TF 1440 but the result was not
good. The reason I noticed is

If I use BAR True

A massive down trend or up trend is followed by some amount of buy
or sell but that is short lived. But the original trend continues after some time
so I started to use MA as true

My latest trade was us session completed new four hour bar started and
TF 240 and TF 1440 was all in agreement and good pip collected
  • #630
  • Oct 23, 2008 12:24am Oct 23, 2008 12:24am
Jessssss... I can't close and open new trade because my demo server is hung..

KG
  • #631
  • Oct 23, 2008 12:30am Oct 23, 2008 12:30am
The Screen shot
Attached Image (click to enlarge)
Click to Enlarge Name: euro us.gif Size: 20 KB
  • #632
  • Oct 23, 2008 12:46am Oct 23, 2008 12:46am
Hi. I have been using MTF with D1,H4,and H1. It is working well. ALL THREE must be in agreement or there is no trade on 4H candle.
  • #633
  • Oct 23, 2008 12:55am Oct 23, 2008 12:55am
Quoting paradoxical
Just want to clarify things. Using the version 1.04 as is, you are betting that the market will continue to trend.
Using the reversal strategy, you're betting the market is ranging or choppy.
Is there a point where you would NOT bet on a trending market?
What would make you reverse?
Correct, my decision to reverse the trades is based purely on the fact that the original theory behind the CCFp is that all currencies will revert to the median. Therefore the stronger buy signal means that at some point it will become a strong sell as it retraces toward '0' in the calculation.

I'm assuming my and Paris' results from yesterday are due to the sudden strenght of the Yen and weakness of the others which swung my basket trade by nearly 400 pips in 2 minutes. The Yen movement was in accordance with the 4H trend, so not reversing the signals would've given an entirely better result.

This also shows that using the level setting for a reversal is not necessarily the answer.
  • #634
  • Oct 23, 2008 12:56am Oct 23, 2008 12:56am
with H 1 also I have attached to the chart
  • #635
  • Oct 23, 2008 12:56am Oct 23, 2008 12:56am
Not to be confontive but, what does "doing well" mean? I noted your post #8 on the first page,btw. Are we talking 40% with winners 3:1 over losers or flat out 80-90% winners? Love your kiss, btw. Just curious cause the simplicity is just so kicked back.
  • #636
  • Oct 23, 2008 12:57am Oct 23, 2008 12:57am
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
Hi FerruFx,

Just to confirm, the new MTF indicator uses bar "0" and "1" in the calculation and not bar "1" and "2"?
  • #637
  • Oct 23, 2008 1:01am Oct 23, 2008 1:01am
Quoting ozziedave
Hi FerruFx,

Just to confirm, the new MTF indicator uses bar \"0\" and \"1\" in the calculation and not bar \"1\" and \"2\"?
No. As I said in an earlier post, MTF version ISN'T current version. So it looks CCFp indicator values [1] and [2] like all other non-current versions.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #638
  • Oct 23, 2008 1:06am Oct 23, 2008 1:06am
Quoting cjd
Hi. I have been using MTF with D1,H4,and H1. It is working well. ALL THREE must be in agreement or there is no trade on 4H candle.
What is your trade level setting used for further filtering?

Thanks.
  • #639
  • Oct 23, 2008 1:09am Oct 23, 2008 1:09am
Quoting harigp
with H 1 also I have attached to the chart
Thanks for the screen shot. Noticed that you used trade level setting to zero and not the default setting. Is this the setting you used to put on the trades?

Thanks.
  • #640
  • Oct 23, 2008 1:28am Oct 23, 2008 1:28am
Hi FerruFX,

The attached screen shot shows that the pairs selected by the v1.04 and v1.04bcurrent are different dispite the settings are exactly the same. The picture on the extreme left is v1.04 set to 4H and the one that is second from the right is v1.04bcurrent set to 4H as well. Are they supposed to be different?
Attached Image (click to enlarge)
Click to Enlarge Name: rs.gif Size: 23 KB
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