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Trading System Using Relative Strength-Part 2

  • #701
  • Oct 24, 2008 12:39am Oct 24, 2008 12:39am
This is how it went........ Three breakout attempts to the upside. The third one became succesful.

There is an other thread on this forum where multipair indicators are being developed all the time. Here is the thread: http://www.forexfactory.com/showthre...112522&page=39

At the bottom of the picture below I attached the one produced by SMJones. The upper one of those shows all pairs. The other one shows Europairs only...

Start using that indicator !!!

Look at the fabulous indication of his indicator at the red dotted vertical line >>>> Three bars already show green dots before the breakout occurs.

Have a nice day, John
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  • #702
  • Oct 24, 2008 12:46am Oct 24, 2008 12:46am
Quoting John Edwards
This is how it went........ Three breakout attempts to the upside. The third one became succesful.

There is an other thread on this forum where multipair indicators are being developed all the time. Here is the thread: http://www.forexfactory.com/showthre...112522&page=39

At the bottom of the picture below I attached the one produced by SMJones. The upper one of those shows all pairs. The other one shows Europairs only...

Start using that indicator !!!

Look at the fabulous indication of his indicator at the red dotted vertical line >>>> Three bars already show green dots before the breakout occurs.

Have a nice day, John
Hey John, you can use version 1.4b or 1.5 for all of the pairs or any combo you want. You do not need to run 1.3 if you do not want to the later versions do the work of 1.3 but also allow changing up the pairs you use any way you want to. I am glad you like it. I also have one out for an on chart single pair It is in that last thread also.
  • #703
  • Oct 24, 2008 1:47am Oct 24, 2008 1:47am
+400 pip gained

TF 4h and TF 1440 trade on CFF Diff current with MA Default

EU/AU maximum draw down -100 pip and came back to +

Multi time also performed on Daily, TF 240 and TF 60

Contract EU/AU buy
AU/US Sell
  • #704
  • Oct 24, 2008 1:58am Oct 24, 2008 1:58am
Quoting nubchai
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
Thanks Sandy...
  • #705
  • Oct 24, 2008 2:51am Oct 24, 2008 2:51am
Quoting John Edwards
This is how it went........ Three breakout attempts to the upside. The third one became succesful.

There is an other thread on this forum where multipair indicators are being developed all the time. Here is the thread: http://www.forexfactory.com/showthre...112522&page=39

At the bottom of the picture below I attached the one produced by SMJones. The upper one of those shows all pairs. The other one shows Europairs only...

Start using that indicator !!!

Look at the fabulous indication of his indicator at the red dotted vertical line >>>> Three bars already show green dots before the breakout occurs.

Have a nice day, John
the missing link will be soon found...you are on the half way now,coz doing this blindly wont work, trading all must see all..thanx ES trader have invented it feruuFx have make it real and I think you will lead the band for the great target with your simple analyzing method…thanks for the three of you are a mixture of every thing and complete each ether.
  • #706
  • Oct 24, 2008 2:57am Oct 24, 2008 2:57am
mine
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  • #707
  • Oct 24, 2008 5:51am Oct 24, 2008 5:51am
result with the next 4 hours by my own style
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  • #708
  • Oct 24, 2008 6:23am Oct 24, 2008 6:23am
closed at
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  • #709
  • Oct 24, 2008 6:24am Oct 24, 2008 6:24am
Quoting goldcourse
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.
So exactly what would a person use for this system?
I felt a 30 TP and 100 SL was ok ( wish there was a script to do it automaticly probably is one) I'll take a 30TP and I've seen the paring go down almost 100 and come back before the 4hr is up in the positive

Drawdown - - I'm just placing .1 lots and the recommened pairings right now
  • #710
  • Oct 24, 2008 6:42am Oct 24, 2008 6:42am
What is your own style at the best?


Quoting at the best
result with the next 4 hours by my own style
  • #711
  • Oct 24, 2008 6:45am Oct 24, 2008 6:45am
Quoting at the best
closed at

Fantastic results " at the best " , how are you doing this and what is your own style? What is you win loss ratio? And finally what gmt time is your broker on? Please elaborate. Thanks, Paris
  • #712
  • Oct 24, 2008 6:58am Oct 24, 2008 6:58am
Quoting dryclean
So exactly what would a person use for this system?
I felt a 30 TP and 100 SL was ok ( wish there was a script to do it automaticly probably is one) I'll take a 30TP and I've seen the paring go down almost 100 and come back before the 4hr is up in the positive

Drawdown - - I'm just placing .1 lots and the recommened pairings right now
I am trying out basing the SL on 1% of account balance at every 4H basket trades. TP is base on 1.5-2.0% of equity balance.

TP is managed by EA... CLoseAtEquityAmount v1.0
SL is managed by EA... CloseTrades_After_Account_Loss_TooMuch

Lot size $0.02/pip for a $2k account balance.

Let's see how it goes.
  • #713
  • Oct 24, 2008 7:30am Oct 24, 2008 7:30am
Quoting at the best
closed at
nice results, but if i compare your opened pairs with the indicator, it seems that you have other criterias for buying/selling or do nothing.

example: you sold CADJPY although they are both green, which would tell us not to trade.

so, how do you make your decisions?

greets

sentinel
  • #714
  • Oct 24, 2008 7:37am Oct 24, 2008 7:37am
Quoting goldcourse
I am trying out basing the SL on 1% of account balance at every 4H basket trades. TP is base on 1.5-2.0% of equity balance.

TP is managed by EA... CLoseAtEquityAmount v1.0
SL is managed by EA... CloseTrades_After_Account_Loss_TooMuch

Lot size $0.02/pip for a $2k account balance.

Let's see how it goes.
Using same EA's with a 60 sl per pair and 50 tp per pair, after trade is in my favor I turn off both EA's and switch to T101's 2protect(2). Went to sleep last night with around +400 (on 4 trades) and woke to closed trades around +3000 on a 3000 account, trading .1 per.
  • #715
  • Oct 24, 2008 7:57am Oct 24, 2008 7:57am
Quoting qz10cq
FF, been thinking about your MTF indicator (great) 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.

Does anyone understand this? If we have the latter 3 all trending in the same direction and the first one trending in the opposite direction thats a time to pay attention. Maybe I should do basket weaving instead of basket trading.
  • #716
  • Oct 24, 2008 8:09am Oct 24, 2008 8:09am
Quoting qz10cq
Does anyone understand this? If we have the latter 3 all trending in the same direction and the first one trending in the opposite direction thats a time to pay attention. Maybe I should do basket weaving instead of basket trading.
qz10cq, sorry, I don't understand what you mean. Could you please explain it more? Thank you
  • #717
  • Oct 24, 2008 8:15am Oct 24, 2008 8:15am
Quoting at the best
result with the next 4 hours by my own style
At the best evry body is telling his story here...what about you?
  • #718
  • Oct 24, 2008 8:16am Oct 24, 2008 8:16am
Quoting qz10cq
Does anyone understand this? If we have the latter 3 all trending in the same direction and the first one trending in the opposite direction thats a time to pay attention. Maybe I should do basket weaving instead of basket trading.
I understand it, but I've been thinking of putting in a smaller TF for a different reason.

I'm using v103 with 1H, 4H and Daily indicator. Then entering when all 3 are showing the same strong signal, but entering on the 4H candle.

However, with the 12.00GMT 4H, I entered in the middle of a retracement which went to -150pips in 20 minutes. I eventually exitted 2 hours later with a 120pip profit, but the drawdown is no good to me.

Therefore adding a shorter TF e.g 15M or 30M should determine whether I'm in a retracement or not and hence get an immediate drawdown which has me paniccing.

PQ
  • #719
  • Oct 24, 2008 8:32am Oct 24, 2008 8:32am
Quoting Jack2000
qz10cq, sorry, I don't understand what you mean. Could you please explain it more? Thank you
Sure, on FF's MTF indicator say we have it set for 15, 30, 60, 240. If the 30, 60, and 240 are all going up and the 15 is going down then we should be going up with the 15 as soon as it breaks in the up direction. We would be going with the strong trend which is the 30, 60, 240. We would be buying on the dip of the 15. Hope this makes sense.
  • #720
  • Oct 24, 2008 8:34am Oct 24, 2008 8:34am
Opend with this status
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