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Trading System Using Relative Strength-Part 2

  • #881
  • Oct 27, 2008 4:04pm Oct 27, 2008 4:04pm
Quoting RaverStyleTim2
was messing with this before market close last weekend, is minimum change supposed to be .2 or .02 if i wanted a trade level of 2(as per ferrus indi)?
Depends on your broker. I use a 5 digit broker, so I use 0.02 4 digit broker should be 0.2
  • #882
  • Oct 27, 2008 4:09pm Oct 27, 2008 4:09pm
of course only 4 level 2 trades and none of them on fxdd lol. guess it'll be another 4 hours before i can use it. lol
  • #883
  • Oct 27, 2008 5:43pm Oct 27, 2008 5:43pm
AUD/CHF Trade...Took recommendation from the MTF 2.0 with TF's H4 and Daily. FAST = 3, SLOW = 5, Trade level 2. Soon as recommendation was given as a sell, I opened chart adn scaled down to 15 min to avoid drawdown. Entry was set to the low to the prior dip. The verticle line is where entry was executed. Price went as far as 95. S/L now set at b/e. Lets hope for a runner!

Adam
Attached Image (click to enlarge)
Click to Enlarge Name: audchftrade.jpg Size: 194 KB
"Your big opportunity may be right where you are now." Napoleon Hill
  • #884
  • Oct 27, 2008 5:47pm Oct 27, 2008 5:47pm
Quoting RickW00716
Will these work on IBFX mini account?
Doesn't work on IBFX mini account
  • #885
  • Oct 27, 2008 7:23pm Oct 27, 2008 7:23pm
Quoting Ronald Raygun
The original still makes money but instead of a 30 pip TS and 100 pip SL, it's now 10 and 20. + spread where appropriate.
I'm in the process of upgrading it =D
Ron,
Glad to know you may be upgrading EA. Can you please incorporate FerruFx V.1.04 indicator WITH Reverse WHEN INDICATED. and level 2.
Thanks
Kris
  • #886
  • Oct 27, 2008 8:35pm Oct 27, 2008 8:35pm
Quoting Ronald Raygun
FerruFX,

You mention somewhere back in the thread that you multiply the change by 1,000 and then round the number.

Are you using MathRound()? Or something else?
No. With NormalizeDouble(.....,0)

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #887
  • Oct 27, 2008 10:42pm Oct 27, 2008 10:42pm
Quoting ES Trader
Ron,
Glad to know you may be upgrading EA. Can you please incorporate FerruFx V.1.04 indicator WITH Reverse WHEN INDICATED. and level 2.
Thanks
Kris
hi kris,

i'd like to know what broker you use?

thanks
  • #888
  • Oct 27, 2008 11:17pm Oct 27, 2008 11:17pm
Quoting ES Trader
Ron,
Glad to know you may be upgrading EA. Can you please incorporate FerruFx V.1.04 indicator WITH Reverse WHEN INDICATED. and level 2.
Thanks
Kris
That's what I'm doing, don't worry. I can't directly interface with FerruFX, so I have to reverse engineer it and then do the math internally.
  • #889
  • Oct 27, 2008 11:34pm Oct 27, 2008 11:34pm
Quoting FerruFx
No. With NormalizeDouble(.....,0)

FerruFx
When I do that, my values are generally off by one. (See pictures). I'm calling values from the attached indicator using the settings: 3, 6, 3, 5,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: relative strength 1.gif Size: 13 KB
Click to Enlarge Name: relative strength 2.gif Size: 13 KB
Click to Enlarge Name: relative strength 3.gif Size: 13 KB
Click to Enlarge Name: relative strength 4.gif Size: 13 KB
Attached File(s)
File Type: mq4 CCFp.mq4   17 KB | 618 downloads
  • #890
  • Oct 27, 2008 11:59pm Oct 27, 2008 11:59pm
Quoting Ronald Raygun
When I do that, my values are generally off by one. (See pictures). I'm calling values from the attached indicator using the settings: 3, 6, 3, 5,
Technical PM was just sent!

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #891
  • Edited 1:13am Oct 28, 2008 12:37am | Edited 1:13am
Ok, looks like everything lines up. Thanks for the clarification FerruFX.

This is version 2 of my original EA in the first thread. I have decided not to pursue the cross variation largely because it ended up being just another MA cross, and unprofitable in a ranging period.

This EA works the same way as the last one. You attach one EA to the chart for each pair you want to trade. All of the "Main Settings" are the same as in any of my EAs, so there should be no surprises there.

I'll explain the CCFp Settings:

  1. MA_Method = CCFP indicator setting
  2. Price = CCFP Indicator Setting
  3. Fast = CCFP Indicator Setting
  4. Slow = CCFP Indicator Setting
  5. TradeHighestOnly: If set to true, then all the EAs involved will communicate with each other through GlobalVariables to determine which one among them has the largest difference between the Base and the Counter Currencies. For example, if EUR is - 5, USD is + 2, and GBP is -1.

    1. EURUSD has a score of 7
    2. GBPUSD has a score of 3
    3. EURGBP has a score of 4
    4. Of this group, EURUSD would be the one traded for that bar.

  6. IdentifyHighestPair: If you're like me and you just have an array of black charts with only the EA comments displayed, this may be useful to you. It sets the entire chart of the highest pair the color you choose in the "Color" setting.
  7. Color: Color relating to IdentifyHighestPair
  8. MinutesDelayStart: I haven't figured out a reliable enough tick-checking code, so I just use a delay. This is the start of the delay period calculated from the bar's open time.
  9. MinutesDelayEnd: This is the end of the delay period. All trades will happen between the start periods and end periods. If you are getting trade context errors, try staggering the times a little bit so one EA goes from 5 to 10 minutes, and another EA 11 to 15, etc. There is minimal detection in the EA for Trade Context Busy largely because (for me at least) it leads to missed signals.
  10. TradeLevel: This works the same way as FerruFX's indicator's trade level. You choose a trade level, and if both currencies in a pair are above this level, the EA takes a trade in the recommended direction.
  11. TradeReversals: If set to true, the EA will trade reversals as suggested in FerruFX's indicator. Note, there is no connection between FerruFX's indicator and my EA. I have reverse-engineered FerruFX's indicator--with his help--and implemented the important logic into the EA.

    1. A reversal requires one currency to be long and the other currency to be short, and at least one of the currencies is below the trade level.

  12. UseCurrent: This shifts from using [0] and [1] (Set to true) to using [1] and [2] (Set to false).

As I'm currently using this EA:
I'm trading the following pairs:

  1. AUDUSD
  2. EURCHF
  3. EURGBP
  4. EURJPY
  5. EURUSD
  6. GBPCHF
  7. GBPJPY
  8. GBPUSD
  9. NZDUSD
  10. USDCAD
  11. USDCHF
  12. USDJPY

Each EA has:

  1. A unique magic number
  2. 20 pip SL + spread
  3. 10 pip TP + spread
  4. All signals are traded.
  5. UseCurrent set to false.
  6. TradeReversals set to true
  7. TradeLevel set to 4.

You need the indicator in the metatrader/experts/indicator folder in order for this to work.

I do not support IBFX pairs and I will not code a separate EA to accommodate. If you can find me a CCFp indicator which does both IBFX pairs and regular pairs, I'll edit the EA so the EA uses that indicator instead.

[EDIT] Replaced the CCFp indicator with a universal one thanks to Shiva. Make sure you overwrite the CCFp indicator.

Attached File(s)
File Type: mq4 Relative Strength EA v2.mq4   22 KB | 1,162 downloads
File Type: mq4 CCFp.mq4   17 KB | 1,006 downloads
  • #892
  • Oct 28, 2008 1:10am Oct 28, 2008 1:10am
Attached

Quoting Ronald Raygun
Ok, looks like everything lines up. Thanks for the clarification FerruFX.

I do not support IBFX pairs and I will not code a separate EA to accommodate. If you can find me a CCFp indicator which does both IBFX pairs and regular pairs, I'll edit the EA so the EA uses that indicator instead.
Attached File(s)
File Type: mq4 CCFp.mq4   17 KB | 519 downloads
  • #893
  • Oct 28, 2008 1:12am Oct 28, 2008 1:12am
Quoting shiva
Attached
Since the indicator has the same name and inputs. , just make sure you overwrite the other one.
  • #894
  • Oct 28, 2008 1:18am Oct 28, 2008 1:18am
Quoting Ronald Raygun
Since the indicator has the same name and inputs. , just make sure you overwrite the other one.
LOL that's what I was about to ask you - well the issue is resolved
  • #895
  • Oct 28, 2008 1:53am Oct 28, 2008 1:53am
Quoting Ronald Raygun
Ok, looks like everything lines up. Thanks for the clarification FerruFX.

This is version 2 of my original EA in the first thread. I have decided not to pursue the cross variation largely because it ended up being just another MA cross, and unprofitable in a ranging period.

This EA works the same way as the last one. You attach one EA to the chart for each pair you want to trade. All of the \"Main Settings\" are the same as in any of my EAs, so there should be no surprises there.

I'll explain the CCFp Settings:

  1. MA_Method = CCFP indicator setting
  2. Price = CCFP Indicator Setting
  3. Fast = CCFP Indicator Setting
  4. Slow = CCFP Indicator Setting
  5. TradeHighestOnly: If set to true, then all the EAs involved will communicate with each other through GlobalVariables to determine which one among them has the largest difference between the Base and the Counter Currencies. For example, if EUR is - 5, USD is + 2, and GBP is -1.

    1. EURUSD has a score of 7
    2. GBPUSD has a score of 3
    3. EURGBP has a score of 4
    4. Of this group, EURUSD would be the one traded for that bar.

  6. IdentifyHighestPair: If you're like me and you just have an array of black charts with only the EA comments displayed, this may be useful to you. It sets the entire chart of the highest pair the color you choose in the \"Color\" setting.
  7. Color: Color relating to IdentifyHighestPair
  8. MinutesDelayStart: I haven't figured out a reliable enough tick-checking code, so I just use a delay. This is the start of the delay period calculated from the bar's open time.
  9. MinutesDelayEnd: This is the end of the delay period. All trades will happen between the start periods and end periods. If you are getting trade context errors, try staggering the times a little bit so one EA goes from 5 to 10 minutes, and another EA 11 to 15, etc. There is minimal detection in the EA for Trade Context Busy largely because (for me at least) it leads to missed signals.
  10. TradeLevel: This works the same way as FerruFX's indicator's trade level. You choose a trade level, and if both currencies in a pair are above this level, the EA takes a trade in the recommended direction.
  11. TradeReversals: If set to true, the EA will trade reversals as suggested in FerruFX's indicator. Note, there is no connection between FerruFX's indicator and my EA. I have reverse-engineered FerruFX's indicator--with his help--and implemented the important logic into the EA.

    1. A reversal requires one currency to be long and the other currency to be short, and at least one of the currencies is below the trade level.

  12. UseCurrent: This shifts from using [0] and [1] (Set to true) to using [1] and [2] (Set to false).

As I'm currently using this EA:
I'm trading the following pairs:

  1. AUDUSD
  2. EURCHF
  3. EURGBP
  4. EURJPY
  5. EURUSD
  6. GBPCHF
  7. GBPJPY
  8. GBPUSD
  9. NZDUSD
  10. USDCAD
  11. USDCHF
  12. USDJPY

Each EA has:

  1. A unique magic number
  2. 20 pip SL + spread
  3. 10 pip TP + spread
  4. All signals are traded.
  5. UseCurrent set to false.
  6. TradeReversals set to true
  7. TradeLevel set to 4.

You need the indicator in the metatrader/experts/indicator folder in order for this to work.

I do not support IBFX pairs and I will not code a separate EA to accommodate. If you can find me a CCFp indicator which does both IBFX pairs and regular pairs, I'll edit the EA so the EA uses that indicator instead.

[EDIT] Replaced the CCFp indicator with a universal one thanks to Shiva. Make sure you overwrite the CCFp indicator.

Great.. thanks RR

KG
  • #896
  • Oct 28, 2008 2:07am Oct 28, 2008 2:07am
Thanks RR. Great work!

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #897
  • Oct 28, 2008 2:12am Oct 28, 2008 2:12am
fantastic job on the ea rr
  • #898
  • Oct 28, 2008 3:10am Oct 28, 2008 3:10am
Hello, sorry for my english. I would like to tell thanks ES Trader and to all people who took in it part. I have a question to FerruFX. Whether it is possible to make so that candles TF 5 min were painted in red colour if last candles Н4 have shown sell and in green if they have shown buy. Similarly for TF 1Н. If it is difficult, I am ready to pay, and result to lay out for all here. Thanks.
  • #899
  • Oct 28, 2008 3:29am Oct 28, 2008 3:29am
Quoting angell
I have a question to FerruFX. Whether it is possible to make so that candles TF 5 min were painted in red colour if last candles Н4 have shown sell and in green if they have shown buy. Similarly for TF 1Н. If it is difficult, I am ready to pay, and result to lay out for all here.
Basically it would be possible but only in real time, not in history. In other words, colored candles will be plot step by step when the time past.

I tried to send you a PM but it seems that you don't allow receiving PM. Please send me a PM with clear explanation of what is your request.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #900
  • Oct 28, 2008 4:31am Oct 28, 2008 4:31am
hi all...

I've trading with this system..

but does anyone trade consistenly? because i dont...
if anyone can trade consistently, please let us know...

thank a lot
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