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Trading System Using Relative Strength-Part 2

  • #641
  • Oct 23, 2008 1:33am Oct 23, 2008 1:33am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Harry123
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?
Of course yes. If not, why make 2 different versions.

Again below the difference between the standard and current versions:

1. Standard versions [v1.04] and [v1.04-MTF]: signal taken from the CCFp values [1] and [2]

2. Current version [v1.04-current]: signal taken from the CCFp values [0] and [1]

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #642
  • Oct 23, 2008 1:38am Oct 23, 2008 1:38am
Quoting FerruFx
Of course yes. If not, why make 2 different versions.

Again below the difference between the standard and current versions:

1. Standard versions [v1.04] and [v1.04-MTF]: signal taken from the CCFp values [1] and [2]

2. Current version [v1.04-current]: signal taken from the CCFp values [0] and [1]

FerruFx
Thanks for the quick answer. Now I am really lost as to which version will give the highest pips.
  • #643
  • Oct 23, 2008 1:46am Oct 23, 2008 1:46am
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.
I have just started working with D1, H4, H1, 15M, trade level 1, MA fast=1, slow=2, trade off H4 candle using fibs as TP targets when all 4 align checking every 15 minutes during the day for possible trades.

6 signals today - 4 winners 2 losers.

need to work out MM and SL as it I broke even on the trades.

will update again tomorrow.

FerruFx - this indicator is really a work of art, thanks
  • #644
  • Oct 23, 2008 2:03am Oct 23, 2008 2:03am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting ahendon
FerruFx - this indicator is really a work of art, thanks
You're welcome. Thanks for your kind words and support.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #645
  • Oct 23, 2008 2:15am Oct 23, 2008 2:15am
Quoting Harry123
Thanks for the quick answer. Now I am really lost as to which version will give the highest pips.

Can I answer your question the one before with a Question? Have you read the thread?
  • #646
  • Oct 23, 2008 2:56am Oct 23, 2008 2:56am
Quoting Pipo
Can I answer your question the one before with a Question? Have you read the thread?
Actually I have read both the threads - this one and the one started by ES Trader which is closed now. Things moved very fast in these two threads and may be I am not focus enough. It may take a while for me to absorb everything here. Sorry to have bothered you.
  • #647
  • Oct 23, 2008 3:28am Oct 23, 2008 3:28am
have just started working with D1, H4, H1, 15M, trade level 1, MA fast=1, slow=2, trade off H4 candle using fibs as TP targets when all 4 align checking every 15 minutes during the day for possible trades.


Are you changing the MA method also to 1 in the input section
  • #648
  • Oct 23, 2008 4:23am Oct 23, 2008 4:23am
Quoting BenQ
Gnat,

Welcome, my friend. There's a lot of basket threads lately, and ES has a nice twist here -- and the indis created have been top notch.
Hi Ben!

Yes, I noticed the flight to lower risk here recently and it is quite amazing how fast and professionally there are solutions springing up all over the place.
I will read through this thread once more and try to catch up with you guys.

See you then!
Ciao!
Matt - Gnat
  • #649
  • Oct 23, 2008 4:47am Oct 23, 2008 4:47am
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.
hi cjd. Are you using MA or bars? I just used the FF MTF indi to place an order for AJ and it went nicely into profit right away.

This was with the default MA settings and trade level 1. I'll try 1 - 2 for comparison next candle.

Thanks!
Sandy
  • #650
  • Edited 1:52pm Oct 23, 2008 7:15am | Edited 1:52pm
Another experiment. I'll update this one post with any trades I make using this method. Keep the posts down that way.

I used the FerruFX FF MTF indicator for the 4 am candle 1440, 240, 60. Trading level 1. MA not bars. Nothing else changed. No reversal. Played them as they were given

I close out the hourly at the end of each hour. But in the future where the same pair is listed for the next hour I'll let it stand.

I also closed the 4 hour early but my goal is to see how many pips you can accumulate this way and not necessarily hold a trade through the entire timeframe.

Not getting excited yet but I think I'm a little over + 200 pips so far

Sandy

----------------------------------------------------------------
Results

4:00 am Sell AJ +38 pips

5:00 am Sell GJ +19 pips

For 6:00 I added 1 more TF: 1 Day + 4 H + 1 H + 30 M

6:00 am Sell CadJpy + 42 pips
Sell AJ + 47 pips
Sell AU + 36 pips
Buy Usdcad ) 28 pips

7:00 am current orders (Same as previous hour. Should [Probably have left the 6:00 orders open)

This group closed early. I had a basket protect EA that evidently closed these and some other trades out because I went over the threshold. I’ve turned that EA off.

Buy UsdCad -41 pips * Corrected totals I incorrectly counted the last basket twice. Coffee stat!! *
Sell AU +46 pips
Sell CadJpy -19 pips
Sell AJ +51 pips


8:00 to 10:00 - No pairs to trade
11:00 nzdchf which I can't trade at fxdd. So no trade.

12 noon
Sell AU +38
Sell AJ + 86 pips
Sell NU +20 pips

1 pm picks duplicate noon picks along with some pairs not available at fxdd. Noon picks still running currently up +31 as a group

1:45 pm Closed the noon picks and updated totals above~ yowza nice run there !



* 391 Pips Total so far if I counted right and 11 winners and 2 losers *
  • #651
  • Oct 23, 2008 7:21am Oct 23, 2008 7:21am
Quoting ES Trader
Finally I have gone live. All trades since yeterday morning is in Black.I did 8 trades , all with positive results.I am still using 4 hr closed bars and v1.04 and trade as recommended.
Kris
Good luck on that one.

I also have a question regarding timing your entries. As Harry 123 noticed quite different times for these.... you either are a damn well trader to pick the better entries for baskets...... or you have developed a special clairvoyance..... I am just joking. Could you inform us about your entry strategy, i.e. why entry moments do differ that much in time starting off the beginning of a new H4 bar. THX in advance, John
  • #652
  • Oct 23, 2008 7:42am Oct 23, 2008 7:42am
FF MTF indicator is making better pips. Was testing with M5 , M15 , M30 , M60 Time_timeframe 15 (which means new cycle start every 15 mins)

SO far so good. Need to test. My target is to try a setting that could take whole basket total profit 20 pips with no SL. Will see if I can loss any trade.

thnx
  • #653
  • Oct 23, 2008 8:03am Oct 23, 2008 8:03am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting j84_2
Time_timeframe 15 (which means new cycle start every 15 mins)
?????
MT4/MT5 EAs/Indicators/Alerts coder
  • #654
  • Oct 23, 2008 8:04am Oct 23, 2008 8:04am
Quoting Kang_Gun
Open a new trade (6th Round 4H) base on recomendation by CCFp_diff [v.1.04] with Fast=1, Slow=2 and Trade level=1. Will see next 4 hours...

KG
You have done quite well yesterday. Today is a different day.

What I would like to know is.... did you change your strategy just now or are you trying to see what happens when you enter blindly almost immediately after an H4 bar and exit the trade shortly before the new one...still using same settings?

THX, John
  • #655
  • Oct 23, 2008 8:07am Oct 23, 2008 8:07am
Can somebody tell me why my orest indicator doesn't show any figure?

Attached Image
  • #656
  • Oct 23, 2008 8:16am Oct 23, 2008 8:16am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting tjsun80
Can somebody tell me why my orest indicator doesn't show any figure?
Hummm ... mini account on IBFX ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #657
  • Oct 23, 2008 8:17am Oct 23, 2008 8:17am
FF MTF indicator is making better pips. Was testing with M5 , M15 , M30 , M60 Time_timeframe 15


Can you tell us what are the pairs you were able to trade, is that mostly
AD and CD pairs
  • #658
  • Oct 23, 2008 8:22am Oct 23, 2008 8:22am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting harigp
FF MTF indicator is making better pips. Was testing with M5 , M15 , M30 , M60 Time_timeframe 15


Can you tell us what are the pairs you were able to trade, is that mostly
AD and CD pairs
harigp,

When you refer to a post, please click "quote" instead of "reply". It will be easier to understand your posts.

Thanks.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #659
  • Oct 23, 2008 8:24am Oct 23, 2008 8:24am
Quoting ladecker
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.
Nice template you have there. Today Eurusd has had to bounces to the downside but yet no breakout and currently is ranging again between Daily Open and PrevDaily-HL. So either we are facing formation of a double bottom and a rise will start a breakout to the uspide or a third try to downside may cause a breakout there. What's it gonna be? Anyway either way it goes.... it's the best promise for a entry of a basket trade. Good luck and thanks for keeping us informed how you are doing with FF's MTF indicators, John
  • #660
  • Oct 23, 2008 8:27am Oct 23, 2008 8:27am
Quoting tjsun80
Can somebody tell me why my orest indicator doesn't show any figure?

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