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Trading System Using Relative Strength-Part 2

  • #1,121
  • Nov 2, 2008 6:24pm Nov 2, 2008 6:24pm
Quoting RickW00716
Remember one of the first custom indicators created for this strategy on the first thread started by ES?
I was version 1.02b(forgive me I do not remember its creator...not FerruFx)
This indicator showed strength with a + or a - and had the lines for each currency at the bottom of the chart.
It did have refreshing issues but i like the lines at the bottom of the chart because they showed what the currency was doing...for example: On 10/28, JPY was very strong and AUD was very weak...they started to move from these extreme levels(each toward zero) and AUD/JPY had a very strong upmove.
I was wondering if we could take this observation and work it into a reversal strategy.

Just curious if anyone...

Perhaps this article may be interesting and perhaps help? http://articles.mql4.com/484.

Lubo
If I know how, I tell You!! Few but Good!!
  • #1,122
  • Nov 2, 2008 6:30pm Nov 2, 2008 6:30pm
Quoting RickW00716
Remember one of the first custom indicators created for this strategy on the first thread started by ES?
I was version 1.02b(forgive me I do not remember its creator...not FerruFx)
This indicator showed strength with a + or a - and had the lines for each currency at the bottom of the chart.
It did have refreshing issues but i like the lines at the bottom of the chart because they showed what the currency was doing...for example: On 10/28, JPY was very strong and AUD was very weak...they started to move from these extreme levels(each toward zero) and AUD/JPY had a very strong upmove.
I was wondering if we could take this observation and work it into a reversal strategy.

Just curious if anyone...
Yes I agree with you...
I have observed this too.. Now I'm doing another test related to this. What I'm doing is to find the highest index and the lowest index base on CCFp indicator (btw: i use the original one but i change it to measure current condition with fast = 1 and slow = 2).

I start with H4 as a base TF. The strategy is simple, example: if we found that AUD is the highest index and JPY is the lowest index on H4 (10-15 minutes after new candle appears), I will Buy AUDJPY, AUDUSD, AUDCAD, AUDNZD,AUDCHF and Sell GBPAUD, EURAUD base on AUD index. And then i will Buy GBPJPY, AUDJPY,USDJPY,CADJPY,CHFJPY,NZDJPY and EURJPY.

Base on this every 4 hour we will open 14 trade.... I don't know if we could discuss here or not, because it's like we have to follow ES rule in this thread. Should we open a new thread base on this observations ?????

KG
  • #1,123
  • Nov 2, 2008 7:08pm Nov 2, 2008 7:08pm
Quoting Kang_Gun
Yes I agree with you...
I have observed this too.. Now I'm doing another test related to this. What I'm doing is to find the highest index and the lowest index base on CCFp indicator (btw: i use the original one but i change it to measure current condition with fast = 1 and slow = 2).

I start with H4 as a base TF. The strategy is simple, example: if we found that AUD is the highest index and JPY is the lowest index on H4 (10-15 minutes after new candle appears), I will Buy AUDJPY, AUDUSD, AUDCAD, AUDNZD,AUDCHF and Sell GBPAUD, EURAUD base on AUD index. And then i will Buy GBPJPY, AUDJPY,USDJPY,CADJPY,CHFJPY,NZDJPY and EURJPY.

Base on this every 4 hour we will open 14 trade.... I don't know...
And we could fill our basket with more pairs if we trade base on two highest and two lowest currencies....

After read several times the basic concept of CCFp.. I think this strategy will be better. Any opinions or idea ????

KG
  • #1,124
  • Edited 8:00pm Nov 2, 2008 7:18pm | Edited 8:00pm
Quoting Ronald Raygun
I figured out the problem, but I'm not sure how to fix it.

There are some instances where the indicator returns a value of 2.1 billion and stays there.

Anyone know why that happens?
In my experience, this happens when there is a mis-match between the number of parameters expected in the indicator iCUSTOM( call and the extern parameters in the indicator being called OR in the type of parameter being called (color vs double, etc.)

I ended up re-coding the CCfp indicator inside the EA- it also runs faster without the graphics code - and without constant loading and re-loading by mt4.
Steven. The First (and Best) Derivative of Price is PROFIT
  • #1,125
  • Nov 2, 2008 7:26pm Nov 2, 2008 7:26pm
Quoting Kang_Gun
And we could fill our basket with more pairs if we trade base on two highest and two lowest currencies....

After read several times the basic concept of CCFp.. I think this strategy will be better. Any opinions or idea ????

KG
KG,

I am interested to know the outcome of your idea. I don't have any idea right now. I will go back and read again the CCFp concept.

Good luck!
  • #1,126
  • Nov 2, 2008 7:36pm Nov 2, 2008 7:36pm
Quoting goldcourse
KG,

I am interested to know the outcome of your idea. I don't have any idea right now. I will go back and read again the CCFp concept.

Good luck!
Just check what is happened now...
On my CCFP Time Frame H4, AUD and NZD are the highest and USD and JPY are the two lowest. My demo already reach 1664 pips... now. I open USD, AUD, NZD and JPY groups on my demo.. 23 minutes before the 4H candle finish.


KG
  • #1,127
  • Nov 2, 2008 7:53pm Nov 2, 2008 7:53pm
Quoting Kang_Gun
Just check what is happened now...
On my CCFP Time Frame H4, AUD and NZD are the highest and USD and JPY are the two lowest. My demo already reach 1664 pips... now. I open USD, AUD, NZD and JPY groups on my demo.. 23 minutes before the 4H candle finish.


KG
KG,

Based on the above, can you let us know the trades that you had placed?

Thanks
  • #1,128
  • Nov 2, 2008 8:18pm Nov 2, 2008 8:18pm
Here are the trade that I open a few minutes ago after new 4H candle starting. On my CCFp CAD and AUD are the highest index and USD and JPY are the lowest index.

KG
Attached Image (click to enlarge)
Click to Enlarge Name: highestlowest1.jpg Size: 251 KB
  • #1,129
  • Nov 2, 2008 8:25pm Nov 2, 2008 8:25pm
Quoting Kang_Gun
Here are the trade that I open a few minutes ago after new 4H candle starting. On my CCFp CAD and AUD are the highest index and USD and JPY are the lowest index.

KG
KG,

Thanks
  • #1,130
  • Nov 2, 2008 8:25pm Nov 2, 2008 8:25pm
Here is the results:

KG
Attached Image (click to enlarge)
Click to Enlarge Name: highestlowest2.jpg Size: 258 KB
  • #1,131
  • Nov 2, 2008 8:50pm Nov 2, 2008 8:50pm
Here is:

I will keep open all the trade till the 4H completed for observation.

KG
Attached Image (click to enlarge)
Click to Enlarge Name: highestlowest3.jpg Size: 252 KB
  • #1,132
  • Nov 2, 2008 8:59pm Nov 2, 2008 8:59pm
HI MATRIX

First batch of 5 contract opened closed at +225 pip
using the new ea
  • #1,133
  • Nov 2, 2008 9:10pm Nov 2, 2008 9:10pm
Quoting Kang_Gun
Just check what is happened now...
On my CCFP Time Frame H4, AUD and NZD are the highest and USD and JPY are the two lowest. My demo already reach 1664 pips... now. I open USD, AUD, NZD and JPY groups on my demo.. 23 minutes before the 4H candle finish.


KG
So if you see that they are the 2 strongest against the 2 weakest...you are going to buy the strongest against the weakest...
What I was looking at(with the old indicator) was when the strongest pair was at an "extreme", then pulled back toward the zero line and the weakest was also at an "extreme" and moved up toward the zero line...In my post I gave an example of JPY and AUD on 10/28...JPY was at a very high(strong) level and AUD was at a very low(weak) level...both the farthest of the group away from the zero line...when each one moved toward the zero line you take the reverse position...
Buy AUD/JPY(even though the indicator still shows AUD very weak and JPY very strong.

See attached chart
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy4.gif Size: 13 KB
  • #1,134
  • Nov 2, 2008 9:10pm Nov 2, 2008 9:10pm
Quoting Kang_Gun
Here is:

I will keep open all the trade till the 4H completed for observation.

KG

I am following your progress.

Thanks again.
  • #1,135
  • Nov 2, 2008 10:32pm Nov 2, 2008 10:32pm
Quoting RickW00716
So if you see that they are the 2 strongest against the 2 weakest...you are going to buy the strongest against the weakest...
What I was looking at(with the old indicator) was when the strongest pair was at an \"extreme\", then pulled back toward the zero line and the weakest was also at an \"extreme\" and moved up toward the zero line...In my post I gave an example of JPY and AUD on 10/28...JPY was at a very high(strong) level and AUD was at a very low(weak) level...both the farthest of the group away from the zero line...when each one moved toward the zero line you take the reverse position...
Buy AUD/JPY(even though the indicator still shows AUD very weak and JPY very strong.

See attached...
Hi Rick, can you post the version of CCfp indicator your using.
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,136
  • Nov 2, 2008 11:57pm Nov 2, 2008 11:57pm
Here is the result. I close all trade and Balance is 5.512.11 now. wait next 4H candle...

KG
Attached Image (click to enlarge)
Click to Enlarge Name: highestlowest4.jpg Size: 252 KB
  • #1,137
  • Nov 3, 2008 12:27am Nov 3, 2008 12:27am
After waiting 10-15 minute i got GBP & NZD are the Strongest and USD & JPY are the Weakest. Here are the trade that i took 10-15 after new candle formed at H4.

KG
Attached Image (click to enlarge)
Click to Enlarge Name: highestlowest5.jpg Size: 229 KB
  • #1,138
  • Nov 3, 2008 1:35am Nov 3, 2008 1:35am
Quoting Kang_Gun
After waiting 10-15 minute i got GBP & NZD are the Strongest and USD & JPY are the Weakest. Here are the trade that i took 10-15 after new candle formed at H4.

KG
KG,

What decision did you based on to SELL GBPNZD in the screenshot?

Appreciate your response.

Thanks
  • #1,139
  • Nov 3, 2008 2:03am Nov 3, 2008 2:03am
Hi kang_gun...

would you like to share your indicator?
because i dont have like u...

thanks
  • #1,140
  • Nov 3, 2008 2:25am Nov 3, 2008 2:25am
Quoting goldcourse
KG,

What decision did you based on to SELL GBPNZD in the screenshot?

Appreciate your response.

Thanks
As I said before i'm still observe this strategy , including the three EA that already post here. I'm just trade base on the group of strongest and lowest currency.

KG
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