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Trading System Using Relative Strength-Part 2

  • #661
  • Oct 23, 2008 6:43am Oct 23, 2008 6:43am
Quoting tjsun80
Can somebody tell me why my orest indicator doesn't show any figure?

Attachment
Wrong thread but that version T101-v1.14orest is not an indicator by an EA.

Harry
  • #662
  • Oct 23, 2008 6:48am Oct 23, 2008 6:48am
[quote=tjsun80;2299779]Can somebody tell me why my orest indicator doesn't show any figure?]

Give it some time for all the data import for all the TF.
  • #663
  • Oct 23, 2008 7:06am Oct 23, 2008 7:06am
Yes, is an EA. But waiting for 20 minutes, it still did not show any figure.

Thanks for your advise.

Quoting Harry123
Wrong thread but that version T101-v1.14orest is not an indicator by an EA.

Harry
  • #664
  • Oct 23, 2008 7:11am Oct 23, 2008 7:11am
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
My broker only allow to trade the following :

EURUSD
EURGBP
EURCHF
EURJPY
GBPJPY
GBPCHF
GBPUSD
USDJPY
USDCAD
USDCHF
AUDUSD
NZDUSD
  • #665
  • Oct 23, 2008 7:39am Oct 23, 2008 7:39am
Quoting John Edwards
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
Hi John,
I really want to stick to my original idea of entering within 15 minutes of new bar.Sometimes I am busy with my work. So I enter late and still works because they are 4 hr bars .I have seen many times when you trade off of 4 hr bars the trend stays for a while at least for another 4 hr.
Hope this helps.
Infact I had 3 more trades since yesterday and all are in Black.
thanks
Kris
  • #666
  • Oct 23, 2008 7:43am Oct 23, 2008 7:43am
Closed all reversal trades with about +380 pips. Reversal method does work most of the time but it's not perfect. I'm still looking for something that'll work about 90% of the time. Paris
Attached Image (click to enlarge)
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  • #667
  • Oct 23, 2008 7:58am Oct 23, 2008 7:58am
Parius Hilton is still doing reversal trades, and made 380 PIPS. ES Trader is trading the original system, which, as I understand it, bets that the current trend will continue and that the pairs will continue to move further away from the 0 line.
How can both the "reversal' and the original system be in the black for the same period?
On the EURO going up or down, John Edwards said "What's it gonna be? Anyway either way it goes.... it's the best promise for a entry of a basket trade."
If the system calls for a EURO short, and it goes up, how can that be good in a basket trade?
Isn't this system always betting on a trending market, and if you use it that way 100% of the time, you'll lose when the market isn't trending like it is now? Pardon my questions and what might seem like I'm questioning people with lots more experience than I have. But, I am thoroughly confused as to how anyone knows this heavily trending market is going to continue. WQhat methods are people using to discern that the market will continue to trend for the 4 hour time period that they make trades in?
Quoting Paris Hilton
Closed all reversal trades with about +380 pips. Reversal method does work most of the time but it's not perfect. I'm still looking for something that'll work about 90% of the time. Paris
  • #668
  • Oct 23, 2008 8:12am Oct 23, 2008 8:12am
FF, been thinking about your MTF indicator (great) and if we had the first time frame set to go against the other 3 we would have a indicator that tells us there is a dip in the price at that first level and time to enter with the stronger trend. It seems that most MTF are based on this.
  • #669
  • Oct 23, 2008 8:13am Oct 23, 2008 8:13am
Quoting paradoxical
WQhat methods are people using to discern that the market will continue to trend for the 4 hour time period that they make trades in?
I put my view on it in post #257
  • #670
  • Edited 8:24am Oct 23, 2008 8:22am | Edited 8:24am
Quoting paradoxical
Parius Hilton is still doing reversal trades, and made 380 PIPS. ES Trader is trading the original system, which, as I understand it, bets that the current trend will continue and that the pairs will continue to move further away from the 0 line.
How can both the \"reversal' and the original system be in the black for the same period?
On the EURO going up or down, John Edwards said \"What's it gonna be? Anyway either way it goes.... it's the best promise for a entry of a basket trade.\"
If the system calls for a EURO short, and it goes up, how can that be good in a basket trade?
Isn't this system always betting on a trending market, and if you use it that way 100% of the time, you'll lose when the market isn't trending like it is now? Pardon my questions and what might seem like I'm questioning people with lots more experience than I have. But, I am thoroughly confused as to how anyone knows this heavily trending market is going to continue. WQhat methods are people using to discern that the market will continue to trend for the 4 hour time period that they make trades in?
Hi.

Well if you think about it, majority are starting from a different time within there 4 hour candle tf. During the time they are within the trade it can go in favor for the trader a good bit. Then by the time some one elses candle opens and they decide to take a reversal or with the trend, the market goes in there favor. The first trader could possibly still be positive since they entered prior when the market fell/gained and the pull back has not swapped sides of there entry.
Plus, having such diversified pairs and some move more than others, its possible for both to be net positive. But whole thing short, I think you are seeing the results like this because both are entering at different times and the ranges prices are moving in and what the entries are showing at the time they are entering is bringing forward the outcomes we see. Sorry if that does not make sense but that's how I see it.

Adam
"Your big opportunity may be right where you are now." Napoleon Hill
  • #671
  • Oct 23, 2008 8:22am Oct 23, 2008 8:22am
Hi all,

Great thread - I have been dipping in and out, but due to it's rapid growth have not read it in it's entirety. So please excuse and indulge me if this question has been asked before.

Is there an indicator that will alert me if the metatrader equity balance exceeds the current balance by x% or indeed has dropped against the current balance by a specified percentage?

Thanks,

Gooner
  • #672
  • Oct 23, 2008 8:47am Oct 23, 2008 8:47am
Quoting paradoxical
Parius Hilton is still doing reversal trades, and made 380 PIPS. ES Trader is trading the original system, which, as I understand it, bets that the current trend will continue and that the pairs will continue to move further away from the 0 line.
How can both the \"reversal' and the original system be in the black for the same period?
On the EURO going up or down, John Edwards said \"What's it gonna be? Anyway either way it goes.... it's the best promise for a entry of a basket trade.\"
If the system calls for a EURO short, and it goes up, how can that be good in a basket trade?
Isn't this system always betting on a trending market, and if you use it that way 100% of the time, you'll lose when the market isn't trending like it is now? Pardon my questions and what might seem like I'm questioning people with lots more experience than I have. But, I am thoroughly confused as to how anyone knows this heavily trending market is going to continue. WQhat methods are people using to discern that the market will continue to trend for the 4 hour time period that they make trades in?

Hi'

I think what ES Trader is doing is trading with Ferrufx v.1.04 and reversing when the indicator tells him to. He's trading a straight signal when the indicator tells him to. He's just following the indicator set with the reversal option. Paris
  • #673
  • Oct 23, 2008 8:57am Oct 23, 2008 8:57am
Paris, are you still using the 1.03 Version ??
  • #674
  • Oct 23, 2008 9:13am Oct 23, 2008 9:13am
Quoting Paris Hilton
Hi'

I think what ES Trader is doing is trading with Ferrufx v.1.04 and reversing when the indicator tells him to. He's trading a straight signal when the indicator tells him to. He's just following the indicator set with the reversal option. Paris
I think he changed some other settings also;
1) Enabled Reverse
2) Trading closed bar instead of MA
3) Fast 1 Slow 2
4) Trade Level 1
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #675
  • Oct 23, 2008 9:14am Oct 23, 2008 9:14am
Quoting goonergonebad
Hi all,

Great thread - I have been dipping in and out, but due to it's rapid growth have not read it in it's entirety. So please excuse and indulge me if this question has been asked before.

Is there an indicator that will alert me if the metatrader equity balance exceeds the current balance by x% or indeed has dropped against the current balance by a specified percentage?

Thanks,

Gooner
Gooner.

Check the paperclip upper right. There's one ea CloseTrades_After_Account_Loss_TooMuch but I think it works off of a $ amount threshold hat you enter and not a %. There may be other EAs there that will help you.

Steve Hopwood has a more robust trade management system. That may be a feature. I'm not sure. Here's a link: http://www.forexfactory.com/showpost...99&postcount=1


Sandy
  • #676
  • Oct 23, 2008 9:15am Oct 23, 2008 9:15am
Quoting jim28
Paris, are you still using the 1.03 Version ??


yes
  • #677
  • Oct 23, 2008 9:20am Oct 23, 2008 9:20am
i am using IBFX broker...and same as your indicator...but dont know why my reverse trades almost all are LOSING....is it due to the time zone difference ?

i even set the TRADE LEVEL same as you... O
  • #678
  • Oct 23, 2008 9:31am Oct 23, 2008 9:31am
I opened trades on the new 4 hour bar about 5 minutes after it opened, using ver 1.04 with pairs to be reversed as true. The settings I used are fast 3, slow 5, and trade level 2.
There was one reversal recommended on the AUD/CAD, and that was the ONLY pair that LOST! All the rest went bonkers, and I closed at my choice within 10 minutes of opening them, using the CloseAtEquityAmount EA of approx 10%, or a gain of $552.00 on a $5,000.00 demo account trading .2 lots for each pair. Very impressive.
There were NO trades I could have made where the 4 hour, 1 hour and 30 minutes matched at the time.
Now, all I have to figure out why the market is trending like this, and figure out when it's not going to trend and do reversals, and I could retire in a month or so. Without knowing this, I still think it's a guessing game, even though I came out with a big win on this set of trades.
  • #679
  • Oct 23, 2008 9:39am Oct 23, 2008 9:39am
Quoting matrixebiz
I think he changed some other settings also;
1) Enabled Reverse
2) Trading closed bar instead of MA
3) Fast 1 Slow 2
4) Trade Level 1
Absolutely Not. I am not sure where you got that info.
I am still using ORIGINAL method with MA and original setting on v1.04
Kris
  • #680
  • Oct 23, 2008 9:50am Oct 23, 2008 9:50am
FerruFX, thanks for the MTF Indy. I downloaded a new interbank MT4. I can not get the MTF indy to attach to any chart, any ideas why that would happen?
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