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Trading System Using Relative Strength-Part 2

  • #941
  • Oct 28, 2008 2:51pm Oct 28, 2008 2:51pm
IDIDNOT REFRESH THE PAGE I THINK
THANK YOU MAKNI.
  • #942
  • Oct 28, 2008 3:19pm Oct 28, 2008 3:19pm
Hi Makin.. thanks for sharing your indicator.. can you tell me how to read this indicator.. is it showing us the strongest pair and week pair?
Never sell @ lower upward channel unless breacked and vise versa .
  • #943
  • Oct 28, 2008 3:35pm Oct 28, 2008 3:35pm
some might find these scripts interesting to check out.
They are buying or selling a basket of pairs.
The thread is somewhat similar in the trading idea but these scripts might be something that can be useful in ES Trader's method. I have played around with them & they do work as advertised.
Place the script on a chart & it will open trades on multiple pairs. check it out. Maybe with a little tweaking they can be used here. there are 2 earlier versions a page or two earlier in the thread.

http://www.forexfactory.com/showpost...3&postcount=17
  • #944
  • Oct 28, 2008 3:55pm Oct 28, 2008 3:55pm
> This is version 2 of my original EA in the first thread.

Thanks RR, just great
Junja
  • #945
  • Oct 28, 2008 4:15pm Oct 28, 2008 4:15pm
Quoting makni
here indicator
Thanks Makni
Junja
  • #946
  • Oct 28, 2008 4:31pm Oct 28, 2008 4:31pm
Quoting matrixebiz
How is the indicator determining which trades to reverse? I forgot that part, since your not reversing all trades. Paris way was to reverse all trades but the indicator doesn't reverse all.
Thanks
It depends on the trade level. If both currencies in the pair are above the trade level, then you follow the system normally

If one of the currencies is below the trade level, you reverse.
  • #947
  • Oct 28, 2008 5:12pm Oct 28, 2008 5:12pm
Quoting makni
Here a similar trading method
Which indicators do you use on the second chart? What kind of MA?
Thank!
  • #948
  • Edited 8:17pm Oct 28, 2008 5:23pm | Edited 8:17pm
Quoting TheHefner
For the ones that are taking the signals as is and have there indi setup with the option \"current\" set to true. How are you dealing with the re-painting, so to speak, signals? Meaning, when you are recommended a buy/sell from your indicator setup and you take the recommendation then the signal is no longer on the recommendations, then comes back a few mins/hours later, how are you handling this in your overrall position? Thanks in advance.

Adam
I am still testing but it looks very good to me.

setup as att.pic. I've changed MTF Ma setting to 3,6,2,8 that's all.

Once I get a signal on MTF and the pair is also on the 1440 current or 240 I take position. Once they disappear from 1440 and the 240 I exit the position. I have now closed GBPNZD and EURNZD still listed as open position below.

The MTF level is on 2 and 3 on the others that's where you can get a signal on MTF and the pair is not yet on the upper TF. It could be a new trend but you have to be more cautious and have you manage the risk by lowering your lot and/or watching the progress on the chart itself.


I will edit this post as I may still make adjustments down the road.

I upload my tpl if some likes to follow this setup for testing.If you need do any adjustments the indi list is not the same order as the display.

I have added CCFp M15 current set "false" ,level2 to close position earlier if there is a opposite signal is given otherwise we give back to much profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: setup.JPG Size: 132 KB
Click to Enlarge Name: setup1.JPG Size: 118 KB
Attached File(s)
File Type: tpl ccfp_diff_mtf.tpl   116 KB | 783 downloads
  • #949
  • Oct 28, 2008 6:32pm Oct 28, 2008 6:32pm
Quoting Pipo
I am still testing but it looks very good to me.

setup as att.pic. I've changed MTF Ma setting to 3,6,2,8 that's all.

Once I get a signal on MTF and the pair is also on the 1440 current or 240 I take position. Once they disappear from 1440 and the 240 I exit the position. I have now closed GBPNZD and EURNZD still listed as open position below.

The MTF level is on 2 and 3 on the others that's where you can get a signal on MTF and the pair is not yet on the upper TF. It could be a new trend but you have to be more cautious and have you manage the risk by lowering your lot and/or watching the progress on the chart itself.


I will edit this post as I may still make adjustments down the road.

I upload my tpl if some likes to follow this setup for testing.If you need do any adjustments the indi list is not the same order as the display.
Thanks for the info but I just have a chart question. How do you get rid of the price and line on the right side of the chart?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #950
  • Oct 28, 2008 6:42pm Oct 28, 2008 6:42pm
Quoting matrixebiz
Thanks for the info but I just have a chart question. How do you get rid of the price and line on the right side of the chart?
right click/properties/colors/background -black/foreground -black

to make the chart disappear: right click/properties/common/unselect chart shift and select scale fix one to one then click on chart and push it out of sight.
  • #951
  • Oct 28, 2008 7:08pm Oct 28, 2008 7:08pm
Quoting Pipo
right click/properties/colors/background -black/foreground -black

to make the chart disappear: right click/properties/common/unselect chart shift and select scale fix one to one then click on chart and push it out of sight.
Cool Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #952
  • Oct 28, 2008 7:52pm Oct 28, 2008 7:52pm
Quoting ES Trader
Hi Raygun,
Thanks very much for EA. I am going to test it.This will now help me to take trades even when I am asleep.
I have been trading on my Live account, this system.I am still able to maintain about 80-90% success rate.
Thanks
Kris

Hi ES

You got set STOP LOSS for your live trades ??
Thanks.
  • #953
  • Oct 28, 2008 9:02pm Oct 28, 2008 9:02pm
Do you have the CCFp indicator for Gold, Silver and Oil ?

Thank,
  • #954
  • Oct 28, 2008 9:13pm Oct 28, 2008 9:13pm
Quoting abcdef
Do you have the CCFp indicator for Gold, Silver and Oil ?
No
MT4/MT5 EAs/Indicators/Alerts coder
  • #955
  • Oct 29, 2008 1:28am Oct 29, 2008 1:28am
Hi Ronald Raygun,
Thanks for creating the EA.

I was playing with the settings and using this on the 1HR, was working great for the first two hours with great profits but then stopped making trades.

Is anyone else finding the same? in the indicator the base and counter strength both showed none until I restarted MT4 then it started to work again
  • #956
  • Oct 29, 2008 1:41am Oct 29, 2008 1:41am
What are your settings? Post the set files.
Quoting safire25
Hi Ronald Raygun,
Thanks for creating the EA.

I was playing with the settings and using this on the 1HR, was working great for the first two hours with great profits but then stopped making trades.

Is anyone else finding the same? in the indicator the base and counter strength both showed none until I restarted MT4 then it started to work again
  • #957
  • Oct 29, 2008 2:42am Oct 29, 2008 2:42am
Alo alo,

I have insert the Ea, Enabled expert advisors ,change the settings as suggested, attached in all the pairs separately and it doesnt work in an alpari uk account.

Everything seems normal the ea is smiling.

Magic number 652

Signials true
Quote

  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.



Any ideas what I am doing wrong ?

Thank you

B
Learn something difficult and earn real money for ever, a lot.
  • #958
  • Oct 29, 2008 3:00am Oct 29, 2008 3:00am
Saw that you posted your set file and then decided to delete the post. Why?

Quoting safire25
Hi Ronald Raygun,
Thanks for creating the EA.

I was playing with the settings and using this on the 1HR, was working great for the first two hours with great profits but then stopped making trades.

Is anyone else finding the same? in the indicator the base and counter strength both showed none until I restarted MT4 then it started to work again
  • #959
  • Oct 29, 2008 3:29am Oct 29, 2008 3:29am
The attachment keeps saying invalid file

I use all defaults except enable TP - 60, TS - 30 SL - 100

Thats all I have changed, and am trying this on 1hr TF
  • #960
  • Oct 29, 2008 4:19am Oct 29, 2008 4:19am
Quoting ES Trader
I have not made any changes to my plan.
I am sticking with my original plan. I just use ferrufx v.1.04 with option to reverse, and level 2. I have ben so far making about 1200 pips average a day.This is taking into account that I am not taking trades at night. Now with rayguns EA hopefully I can.

I have been saying for a long time that this is probably the most simple system I have ever come across. I see many changes made to the system in the form of MTF indicators, etc. But I just use one indicator as mentioned above..
I think You should try it as well.
Thanks
Kris
How are setting stops, take profits?
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