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Trading System Using Relative Strength-Part 2

  • #741
  • Oct 24, 2008 1:54pm Oct 24, 2008 1:54pm
Quoting harigp
My confidence level has increased with the system

Around 5 Hours I was able to generate +2000 pip from us session

My strategey

TF 240 and TF 1440 and Multi time frame for entry

For Reversal of trade: I have started to use in One Hour chart

SMA 30,50,100

Just after the down trend a new four hour candle opened and there are reversal signals on currency pairs. I cross check whether the one hour or 15 Mintue
Chart candle is showing the tendency to go and touch the SMA 30

If it shows the movement to touch the SMA 30
Then I go for the reversal otherwise the normal trade

My last trade was mostly reversals and gained +800 pip

One more week for demo then I will start my live trade
Thanx to let us know allways how you did on each trade.. I hope all the best rusult for you on live trade.
Never sell @ lower upward channel unless breacked and vise versa .
  • #742
  • Oct 24, 2008 2:03pm Oct 24, 2008 2:03pm
Hi " at the best "
we are waiting you to show us your incridable style how to Entry the trade and got a lot of pips..
Never sell @ lower upward channel unless breacked and vise versa .
  • #743
  • Edited Oct 25, 2008 9:25am Oct 24, 2008 3:24pm | Edited Oct 25, 2008 9:25am
Hey Guys, this will be my last post here as for some reason I'm not really wanted here, I guess my questions are to stupid. So here is my EA based on the original strategy (No reverse and Trade_Level 0)
Use EA with Indicator, you only need to attach it to one chart, best GBPJPY.
I'll respond only if there are problems with the EA

Good luck guys and Happy PIP'n

P.S. Thank you ES Trader for showing your system
Attached File(s)
File Type: ex4 CCFp.ex4   19 KB | 470 downloads
File Type: ex4 CCFp EA IBFXm.ex4   29 KB | 485 downloads
File Type: ex4 CCFp EA nonIBFXm.ex4   31 KB | 534 downloads
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #744
  • Oct 24, 2008 4:24pm Oct 24, 2008 4:24pm
nice matrix. was looking for something like this.
  • #745
  • Oct 24, 2008 6:02pm Oct 24, 2008 6:02pm
Amazing... that's what i can say...

I have tested blindly to open trade 5-10 minutes after a new candle at 4H chart starting and close 5-10 minutes before a new candle formed. I use CCFp_diff [v.1.04], Fast 1, Slow 2 and Trade Level 1. I have three Round loss (total -1879 pips) and 9 Round wins (total +13.811 pips).

Base on this test I found that the loss rounds is happened when the trend change (4H TF) from trending to consolidation or from consolidation to trending. The rest is work perfectly, i mean in the trending phase or consolidation phase everything work well. The loss rounds only happenned in the transitions phase from trending to consolidation or from consolidation to trending. (Sorry for my bad english explanations).

I agree with you all that suggested to use MTF to found the best ENTRY. I think that's the best way, but I suggest to use current version.

Next week I will start to test with the next step... I need more test to find the best way, rules and strategy to trade with basket (not individual pair).

ES, FerruFx, harigp, SM, John Edwards and all thanks for all of you contributions.

See you all next week...

KG

FerruFx: I'm waiting MTF Current version, hope you can share it soon.. God bless you my friend...
  • #746
  • Oct 24, 2008 6:11pm Oct 24, 2008 6:11pm
Quoting Kang_Gun
Amazing... that's what i can say...

I have tested blindly to open trade 5-10 minutes after a new candle at 4H chart starting and close 5-10 minutes before a new candle formed. I have three Round loss (total -1879 pips) and 9 Round wins (total +13.811 pips).

Base on this test I found that the loss rounds is happened when the trend change (4H TF) from trending to consolidation or from consolidation to trending. The rest is work perfectly, i mean in the trending phase or consolidation phase everything work well. The loss rounds only happenned in the transitions phase from trending to consolidation or from consolidation to trending. (Sorry for my bad english explanations).

I agree with you all that suggested to use MTF to found the best ENTRY. I think that's the best way, but I suggest to use current version.

Next week I will start to test with next step... I need more test to find the best way, rule and strategy to trade with basket (not individual pair).

ES, FerruFx, harigp, SM, John Edwards and all thanks for all of you contributions.

See you all next week...

KG

FerruFx: I'm waiting MTF Current version, hope you can share it soon.. God bless you my friend...
Great work!!
I have a question about the MTF(I hope it is not a stupid one...I really don't know the answer)...In the timeframe selection areas, Can we select values if they don't correspond to a timeframe we have a chart for?
Example:Instead of 240 for a 4hr chart, I input 360 or 480 for a 6hr or 8hr timeframe.
Would that work?

KG: I saw in an earlier post you had different values of the MA in the indicator to represent trends for different timeframes...how did you arrive at these?

KG: Were you using the fast=1 slow=2 settings for your tests in the above result?
  • #747
  • Oct 24, 2008 6:22pm Oct 24, 2008 6:22pm
Quote
Great work!!
I have a question about the MTF(I hope it is not a stupid one...I really don't know the answer)...In the timeframe selection areas, Can we select values if they don't correspond to a timeframe we have a chart for?
Example:Instead of 240 for a 4hr chart, I input 360 or 480 for a 6hr or 8hr timeframe.
Would that work?

You can not do that...

Quote
KG: I saw in an earlier post you had different values of the MA in the indicator to represent trends for different timeframes...how did you arrive at these?

I use it live combine with my system for individual pair to trade and the results is amazing.. no loss and more confident.

Quote
KG: Were you using the fast=1 slow=2 settings for your tests in the above result?

Yes...

KG
  • #748
  • Oct 24, 2008 6:47pm Oct 24, 2008 6:47pm
Quoting Kang_Gun
You can not do that...



I use it live combine with my system for individual pair to trade and the results is amazing.. no loss and more confident.



Yes...

KG
In your opinion is the fast=1, slow=2 a better setting? Does it capture more of the move?
How would you represent a 12 hour trend with MA's in this indicator?
Do you think the Sunday bar at IBFX taints the daily calculations on the latest MTF or current indicator?

Thanks again for all your help
  • #749
  • Oct 24, 2008 7:26pm Oct 24, 2008 7:26pm
Quoting RickW00716
In your opinion is the fast=1, slow=2 a better setting? Does it capture more of the move?
The best? I don't think so... The reason i use Fast=1 and Slow=2 is to capture the move early at 4H Time Frame as ES rules.

Quote
How would you represent a 12 hour trend with MA's in this indicator?

just set fast=1 and Slow=3 at 4H TF or Fast=1 and Slow=12 at 1H TF.

Quote
Do you think the Sunday bar at IBFX taints the daily calculations on the latest MTF or current indicator?

Thanks again for all your help

I don't know at IBFX... i'm using FXDD, FXOPEN and FXPRO

KG
  • #750
  • Oct 24, 2008 7:43pm Oct 24, 2008 7:43pm
Quoting Kang_Gun
The best? I don't think so... The reason i use Fast=1 and Slow=2 is to capture the move early at 4H Time Frame as ES rules.



just set fast=1 and Slow=3 at 4H TF or Fast=1 and Slow=12 at 1H TF.



I don't know at IBFX... i'm using FXDD, FXOPEN and FXPRO

KG
Hi Kang,

Just to know. You're using the multi timeframe v.1.04 indicator. Are your time frames 15 min, 30 min 60 min and 240 min? Thanks, Paris
  • #751
  • Oct 24, 2008 8:44pm Oct 24, 2008 8:44pm
Sonic,
Please tell me what the difference is between this system, and the water level? If you refer back to the original system, the premise is that the pairs will return to a state of equalibrium (water level). This market has been trending heavily, and anyone betting on that would get killed. This system is merely a trend following system. No problem with that. But, that's what it is. Now the trend is short, and people are making tons of pips. Check back and you'll see a post by the originator himslef which proclaimed that Paris Hilton was correct after all. That the trades were meant to be REVERSED! That the pairs would return to ZERO (water level). Now that the market is heavily trending, it's back to where he started originally. So, let's face it, this system without a reversal follows the TREND. I never want to clutter up a thread with another system. You put these signals next to the systems of the dashboard on the "Kantor" system, and they are the exact OPPOSITE, or calling for REVERSAL trades. Right now, as we speak, the GBP/USd is 1060 PIPS below it's daily water level, the AUD/USD 610, and so on. These are extremes based on current chaotic economic conditions. When things level out, which they are prone to do, those betting the trend with seven or 8 pairs better be ready for drawdowns that will make a grown man cry.
Quoting sonicdeejay
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
  • #752
  • Oct 24, 2008 8:48pm Oct 24, 2008 8:48pm
This market has been trending heavily, and anyone betting on that would get killed.

I meant to say...anyone betting AGAINST the trend would get killed.
  • #753
  • Oct 24, 2008 8:58pm Oct 24, 2008 8:58pm
Quoting matrixebiz
Hey Guys, this will be my last post here as for some reason I'm not really wanted here, I guess my questions are to stupid.
What are you talking about? There's no stupid question here.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #754
  • Oct 24, 2008 9:00pm Oct 24, 2008 9:00pm
Quoting Kang_Gun
FerruFx: I'm waiting MTF Current version, hope you can share it soon.. God bless you my friend...
Yes I know!!! Will try to code it asap ...

Thanks all for your support.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #755
  • Oct 24, 2008 9:02pm Oct 24, 2008 9:02pm
Quoting RickW00716
I have a question about the MTF(I hope it is not a stupid one...I really don't know the answer)...In the timeframe selection areas, Can we select values if they don't correspond to a timeframe we have a chart for?
Example:Instead of 240 for a 4hr chart, I input 360 or 480 for a 6hr or 8hr timeframe.
Would that work?
KG is absolutely right in his answer. You can't do that.

The only allowed number for Timeframes settings are the usual ones: 1-5-15-30-60-240-1440-10080

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #756
  • Oct 24, 2008 9:12pm Oct 24, 2008 9:12pm
A personal note about the actual results:

I think that try to lock some settings and conclusions based on actual results will be very dangerous. The market is too uncommon right now. Any system can make similar results with this kind of trending moves.

The MTF version might help us to filter in future ranging markets. Let the market slow down and we will see if we can find something interesting with those tools and methods shared here by you all.

Thanks again to all for your great ideas/methods/etc contributions.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #757
  • Oct 24, 2008 9:47pm Oct 24, 2008 9:47pm
Well my experience last week using v.1.03 and doing the reversal trade until Thursday was about 50% winners. This isn;t too bad considering the market was trending heavily and the reversals work well when it's ranging. From what i see is that once the trade is going against you about -300 pips you might as well cut your losses short right there as it almost never comes back in your favor once it's down this much. That's the way I'd play it, putting a stop loss at -300 pips. Paris
  • #758
  • Oct 24, 2008 9:53pm Oct 24, 2008 9:53pm
Quoting FerruFx
A personal note about the actual results:

I think that try to lock some settings and conclusions based on actual results will be very dangerous. The market is too uncommon right now. Any system can make similar results with this kind of trending moves.

The MTF version might help us to filter in future ranging markets. Let the market slow down and we will see if we can find something interesting with those tools and methods shared here by you all.

Thanks again to all for your great ideas/methods/etc contributions.

FerruFx
Hi Ferrufx,

I started putting the v.1.04 indi to the test beginning Thursday afternoon. I had the reversals set to true but on all 4 hr candles i've had so far the indi never gave and suggestions of reversals for any pair. I'm just hoping it's working correctly. Is that normal for four 4 hour candles in a row not even to have one pair suggesting it should be reversed? Seems a bit unusual. What do you think? Thanks, Paris
  • #759
  • Oct 24, 2008 10:06pm Oct 24, 2008 10:06pm
Quoting Paris Hilton
Hi Ferrufx,

I started putting the v.1.04 indi to the test beginning Thursday afternoon. I had the reversals set to true but on all 4 hr candles i've had so far the indi never gave and suggestions of reversals for any pair. I'm just hoping it's working correctly. Is that normal for four 4 hour candles in a row not even to have one pair suggesting it should be reversed? Seems a bit unusual. What do you think? Thanks, Paris
I am sure your level is too low. Level set to 0 or 1 will never give you reversal.

Keep in mind that reversal when set to true will give pair to be reversed only when its currencies are below the level. Equal or above the level is normal suggestions.

Hope that makes sense.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #760
  • Oct 24, 2008 10:18pm Oct 24, 2008 10:18pm
Quoting FerruFx
I am sure your level is too low. Level set to 0 or 1 will never give you reversal.

Keep in mind that reversal when set to true will give pair to be reversed only when its currencies are below the level. Equal or above the level is normal suggestions.

Hope that makes sense.

FerruFx

o.k that's what it is, i had it set to level 1. I'll put it at level 2 and see what happens. Thanks, Paris
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