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Trading System Using Relative Strength-Part 2

  • #681
  • Edited 12:44pm Oct 23, 2008 11:55am | Edited 12:44pm
Quoting ES Trader
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
Ok, my mistake, when you said;
"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"

thought you meant last two Closed Bars instead of MA. Original method isn't with reverse is it? You said your using reverse when indi tells you. I guess I mis-understood and I read before that you were doing reverse and other different setting so wasn't sure what settings you actually went live with.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #682
  • Oct 23, 2008 1:57pm Oct 23, 2008 1:57pm
I wish it was live...
FXdd
ff 1.04
fast 3 slow 5 level 2 reversing true
10-15 min after the 4hr

I do double check with a spreadsheet file submitted by someone on the original thread
attached is statement for the week
close to 80% wins 2.73 profit factor
$5000 with $3889 profit

I'm testing 4 different ways of doing this 2 on fxdd and 2 on interbank I'd like to go live once I'm comfortable with what I'm doing still learning you guys are such a help thanks



sorry about the attach file not sure how to attach html if even can
Attached File(s)
File Type: txt Statement 5853671 - David Sabo.txt   15 KB | 494 downloads
  • #683
  • Oct 23, 2008 2:45pm Oct 23, 2008 2:45pm
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?
Yes it may seem confusing..... but this system may be traded differently. Once you have discovered a set of rules that work well for you.... you have to stick to those rules and the system. In that way making it also a bit your own system.

ESTrader is right that there is a 4Hrs pattern as he describes in one of his latest posts. Adapting to that 4 Hrs rythm and winning 7 or 8 times out of 10.... With a good set of rules regarding Risk management, TP, SL and the maximum Drawdown you will allow..... you absolutely can have a system that works.

Now my approach is different I also look in the 4 hours cycle..... However I look for possible MAJOR BREAKOUTS above or under 1 one of the Pivotlines as I have shown in one of my previous posts.
My rules are as follows:

1. I have seen that such Major Breakouts always show same breakouts on all other currency pairs. For instance if EURUSD goes up than at that time USDCHF goes down...... That's the only reason why Basket trading is possible. So I wait for a breakout. For me rule nr 1: No Breakout No Trade.

2. The breakouts are monitored H4, H1 and M5. I enter a little over the breakout and exit when ArrZZX2+ shows X sign (stop) or reverse signal (monitoring also on H1 and M5) or when a target line is being hit. I do this to avoid High Drawdowns.

3. Of course I have missing trades as anybody else. When a trade goes bad however I close it, for when this happens that specific trade yet went the other way. In these cases you are fooled by a so called false breakout. A breakout that crosses a pivot line...... however falls back under again or soon rises again above the pivot line >>>> that is the hard part of trading breakouts.

When that happens I wait for the next retry for price to cross a pivot line.

So it boils down to figuring out the system and set of rules that fits you best as a trader. Hope this helps you, John
  • #684
  • Oct 23, 2008 3:12pm Oct 23, 2008 3:12pm
Results from 12:00 EST(1600 GMT) Candle on IBFX. MA fast = 3 Slow =5, Trade Level 2, reverse enabled. Took trade 15 min after open and closed 2 minutes before 4:00 EST (20 GMT)

Adam
Attached Image (click to enlarge)
Click to Enlarge Name: 12oclockchart.gif Size: 75 KB
"Your big opportunity may be right where you are now." Napoleon Hill
  • #685
  • Oct 23, 2008 3:52pm Oct 23, 2008 3:52pm
Thank you all for the great trading system. But why don't you use indicators like these attached,at least you might have an idea where things are going really instead of just reading the buy and sell signals .i like the way John Edwards is doing this and I think he gana make a huge breakout here . thanks again.
Attached File(s)
File Type: ex4 Multi pair MACD.ex4   12 KB | 572 downloads
File Type: ex4 Multi pair CCI.ex4   9 KB | 572 downloads
  • #686
  • Oct 23, 2008 6:04pm Oct 23, 2008 6:04pm
Quoting ES Trader
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
Kris,

Is the "Use Reverse Suggestion" in v1.04 you are using is set to "false"?

Appreciate your reply as I am trying to compare your setting with mine.

Thanks
  • #687
  • Oct 23, 2008 6:45pm Oct 23, 2008 6:45pm
I have a question about the MTF ind.
If I have it set to H4,H1,15,5...do I have to have the timer set to 5 for it to update every 5 min bar?
  • #688
  • Edited 7:04pm Oct 23, 2008 7:02pm | Edited 7:04pm
Chart below is 4:00 pm EST (20 gmt) candle at IBFX. MA fast = 3 slow = 5, Trade Level= 2, reverse enabled. Positions opened 15 mins after open of candle and closed 4 minutes prior to 8:00 pm EST (00 gmt). Btw this is 1.04b current.

Adam
Attached Image (click to enlarge)
Click to Enlarge Name: 4oclockchart.gif Size: 68 KB
"Your big opportunity may be right where you are now." Napoleon Hill
  • #689
  • Oct 23, 2008 7:27pm Oct 23, 2008 7:27pm
Quoting RickW00716
I have a question about the MTF ind.
If I have it set to H4,H1,15,5...do I have to have the timer set to 5 for it to update every 5 min bar?
This is the 3rd time (maybe more ...) I will answer the question:

The timer doesn't have nothing to do with the calculation. It is just a clock which alert you when a bar is finished (the TF you selected in Timer_Timeframe). It can be any TF regardless which ones you settled for trade.

I think I will remove the Timer in the next release ... Too much confusion for many of you ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #690
  • Oct 23, 2008 8:13pm Oct 23, 2008 8:13pm
Quoting FerruFx
This is the 3rd time (maybe more ...) I will answer the question:

The timer doesn't have nothing to do with the calculation. It is just a clock which alert you when a bar is finished (the TF you selected in Timer_Timeframe). It can be any TF regardless which ones you settled for trade.

I think I will remove the Timer in the next release ... Too much confusion for many of you ...

FerruFx
Sorry, I do remember you now explaining this earlier...it's been a long day for me and I just got confused...
But the buy/sell signals will update as soon as all timeframes are in agreement?
Example:H4-Eur/Usd sell, H1-Eur/Usd sell, 15 min-Eur/Usd-buy...when the 15 min bar shows sell....then the recommendation is made?

PS. Have you thought about making a MTF version of the 1.04 current indicator?

PPS.Again, thanks for all the great work and the greater patience for putting up with all the repeated questions and requests
  • #691
  • Oct 23, 2008 8:18pm Oct 23, 2008 8:18pm
Quoting dryclean
I wish it was live...
FXdd
ff 1.04
fast 3 slow 5 level 2 reversing true
10-15 min after the 4hr

I do double check with a spreadsheet file submitted by someone on the original thread
attached is statement for the week
close to 80% wins 2.73 profit factor
$5000 with $3889 profit

I'm testing 4 different ways of doing this 2 on fxdd and 2 on interbank I'd like to go live once I'm comfortable with what I'm doing still learning you guys are such a help thanks



sorry about the attach file not sure how to attach html if even can
dryclean,

Congrats to you on the nice results. Can you share with us your MM strategy you use to arrive at this results?

Kind of difficult to read from your notepad attachment.

BTW, you try this way to post image...

1. Press 'Print Screen' key for the image you want to post
2. Open Start Menu/All Programs/Accessories/Paint
3. Click 'Edit' and click 'Paste' (Now your image shows up)
4. Click 'Save As' and select desktop and save image type as JPEG
5. Click 'manage attachments ' in the 'reply to thread' on FF and upload the image that you save in your desktop and press 'submit' with your reply.

Hope this help.
  • #692
  • Oct 23, 2008 9:11pm Oct 23, 2008 9:11pm
Quoting RickW00716
But the buy/sell signals will update as soon as all timeframes are in agreement?
Each time one of your timeframes start a new bar, signals are updated. So the smallest one will be the frequency of the signals update.

Quoting RickW00716
PS. Have you thought about making a MTF version of the 1.04 current indicator?
When I will have time ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #693
  • Oct 23, 2008 9:16pm Oct 23, 2008 9:16pm
Quoting FerruFx
This is the 3rd time (maybe more ...) I will answer the question:

The timer doesn't have nothing to do with the calculation. It is just a clock which alert you when a bar is finished (the TF you selected in Timer_Timeframe). It can be any TF regardless which ones you settled for trade.

I think I will remove the Timer in the next release ... Too much confusion for many of you ...

FerruFx
Hi Ferru,

Great stuff this indi. Please donot remove timer, instead have an option to dhow or hide.

Thanks

TF
  • #694
  • Oct 23, 2008 9:20pm Oct 23, 2008 9:20pm
Quoting TradeForexFx
Please donot remove timer
It was an ironic joke ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #695
  • Oct 23, 2008 9:22pm Oct 23, 2008 9:22pm
I quit using the v.1.03 and doing reversals as they were giving me losing sessions about 1 loser out of 3 sessions. Last week it was almost all winners but not this week. This session was conducted on v.1.04 everything on default except I enabled reversing. I closed my first session with about +660 pips. There were no reversal suggestions. This was on FXDD GMT+3. Paris
Attached Image (click to enlarge)
Click to Enlarge Name: chart photo.gif Size: 79 KB
  • #696
  • Oct 23, 2008 9:41pm Oct 23, 2008 9:41pm
WoW..Paris..you had change your indicators to the latest one....


so now you are winning PIPS....i can see from your above attached graph..

Hmm, i guess that PIPS you had won now... you can buy lots of burgers and drinks.... lol...


Congratz to your new indicator start...
  • #697
  • Oct 23, 2008 10:24pm Oct 23, 2008 10:24pm
Quoting goldcourse
dryclean,

Congrats to you on the nice results. Can you share with us your MM strategy you use to arrive at this results?

Kind of difficult to read from your notepad attachment.

BTW, you try this way to post image...

1. Press 'Print Screen' key for the image you want to post
2. Open Start Menu/All Programs/Accessories/Paint
3. Click 'Edit' and click 'Paste' (Now your image shows up)
4. Click 'Save As' and select desktop and save image type as JPEG
5. Click 'manage attachments ' in the 'reply to thread' on FF and upload the image that you save in your desktop and press 'submit' with your reply.

Hope this help.
Thanks for the tip I knew that but didn't put 2+2 together

I'm testing 2 methods each on FXDD and interbank so I have 4 going

this one is doing the best 2 are over or short $100 the other is up under $1000. But this one is really rock'in

My MM is my weakness IMO. I basicly just look at the trades every so often
if I see one doing well +30 +50 range I'll do a T/P 30 S/L 100
If it is doing great 75+ I'll do the same with a 15 T/S

If I'm leaving or going out I'll do a modify order 30TP 100 SL
If I have some losing trades I'll let them ride for a bit and see if they will turn around. I know in my trades at first I was doing some .20 sizes and even one batch was 1.00 but that was maybe 20 or so out of 125 trades

I know my draw down is high too over 18%
The 30 TP 100 SL I saw from R Raygun
But if anyone could sugest a better MM I love to read about it.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-23.JPG Size: 151 KB
  • #698
  • Oct 23, 2008 10:43pm Oct 23, 2008 10:43pm
Quoting dryclean
Thanks for the tip I knew that but didn't put 2+2 together

I'm testing 2 methods each on FXDD and interbank so I have 4 going

this one is doing the best 2 are over or short $100 the other is up under $1000. But this one is really rock'in

My MM is my weakness IMO. I basicly just look at the trades every so often
if I see one doing well +30 +50 range I'll do a T/P 30 S/L 100
If it is doing great 75+ I'll do the same with a 15 T/S

If I'm leaving or going out I'll do a modify order 30TP 100 SL
If I have some losing trades I'll let them ride for a bit and see if they will turn around. I know in my trades at first I was doing some .20 sizes and even one batch was 1.00 but that was maybe 20 or so out of 125 trades

I know my draw down is high too over 18%
The 30 TP 100 SL I saw from R Raygun
But if anyone could sugest a better MM I love to read about it.
dryclean,

IMHO, the right and effective MM is very vital to the survival of any methods/strategies.

I propose that we shud do intensive testing to come up with the most workable MM for this strategy.
  • #699
  • Oct 23, 2008 10:44pm Oct 23, 2008 10:44pm
Quoting paradoxical
Whereas I was confused with this system before, it all makes perfect sense now. I was an avid follower of a system invented by a guy named Brijon, which he called the Kantor system, and which evolved into his own free website. The thread contains contains over 479 pages, and would take weeks to read. Unfortunately, it was closed because Brijon simply had enough with certain people. Like some others here, he's a very exeperienced trader and retired, and didn't need to spend time on a site where people were questioning his every syllable. That being said, for anyone here that wants to trade full time, reading that thread will be very worthwhile. What he refers to there as being 0 here is the water level. Sort of like a pivot point that the pair returns to. Indicators and dashboards were developed, somewhat similar to FerruFx's awesome indiactors, that showed the distances from the water levels. When those distances became greater, that was an indication to either buy or sell. Initially, he bought a basket of pairs prior to the Wednesday interest rollover to capitalize on the interest return, but the thread evolved, as often happens, into individual and/or basket trades based on the pairs distance from the water level. What also happened is that the EURO and GBP started it's steady downward slide, so that anyone that traded based on the distance away fron the water level, or ZERO, would have gotten literally killed. The same thing would apply here. If the market is heavily trending and you're going with it, you'll make tons. IMHO, the key is to know when the market is a heavy trend, even if that trend lasts only 4 hours.

You still have not learnt a lesson...
Water level??? u will get drowned buddy...

Do not mention his method...I was an avid fighter for this method as I sense the dooms of the followers...but u know what happend and the rest is the history...
Sonic
  • #700
  • Oct 24, 2008 12:29am Oct 24, 2008 12:29am
Ha Ha..i think i ENTER 1 hour later after the new 4 hour bar,

now my DEMO is gaining Positive Pips !
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