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Trading System Using Relative Strength-Part 2

  • #1,141
  • Nov 3, 2008 2:25am Nov 3, 2008 2:25am
Hi Kangun


Since you are watching your trade closely, What was your maximum drawdown on today,s trade. Has the Loss reached your margin amount before it became profitable
  • #1,142
  • Nov 3, 2008 3:53am Nov 3, 2008 3:53am
Quoting ahendon
I can only run RR's ea's Matrix and ydaudw's show in the folder but can't be selected and attatched. any ideas - it is somethign simple and obvious no doubt....
Check on Experts or Journal there should be something there.
  • #1,143
  • Nov 3, 2008 6:27am Nov 3, 2008 6:27am
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
I have been following your strategy.... Quite interesting.

Which settings are you using and which FerruFX indicator?

Your entry strategy I understand..... however your exit is as I understand.... You just let it go untill about 15 minutes before closing of the 4 Hrs bar and than close all the trades?

Looking forward to your reply, Jon
  • #1,144
  • Nov 3, 2008 6:31am Nov 3, 2008 6:31am
hI Ydaudw


I have attached your EA in TF 1 hour and I am seeing contracts geeting closed for 3 pip, 5 pip etc

I have not changed any settings in the EA
  • #1,145
  • Nov 3, 2008 8:28am Nov 3, 2008 8:28am
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.
This makes more sense to me and i think it is following ES idea.
  • #1,146
  • Nov 3, 2008 9:14am Nov 3, 2008 9:14am
Hi Matrix

Second set of contract and third set of contract all profitable,Now
4 th contract is going on
  • #1,147
  • Nov 3, 2008 10:44am Nov 3, 2008 10:44am
new version release = CCFpEA v1.1 (Build: Nov 3, 2008)
Attached File(s)
File Type: ex4 CCFpEA.ex4   59 KB | 719 downloads
  • #1,148
  • Edited 3:06pm Nov 3, 2008 12:21pm | Edited 3:06pm
Quoting ydaudw
new version release = CCFpEA v1.1 (Build: Nov 3, 2008)
Cool What are the new features?
So your EA works on two TimeFrames? If I just want to trade on One TimeFrame, do I just set Timeframe 1=60 and Timeframe2=60?
How how does your Equity profit work. If I want the EA to close all trades when I get a 5% increase, do I put 105 in the Equity TP spot?
Lot Size says 10000 but I have lots set at 0.1
What do I use when I change my chart to H4?

Oh, and I forgot to mention, the EA keeps opening trades on the next hour bar even though I already have trades open from the previous bar.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,149
  • Nov 3, 2008 1:01pm Nov 3, 2008 1:01pm
Hi Matrix

Of the 3 ea's in this thread i've had the most succsess. Any possiblity of adding a blanket tP and SL? That would really be so cool.

Thanks for sharing

The Moolahdude
  • #1,150
  • Nov 3, 2008 1:05pm Nov 3, 2008 1:05pm
Quoting moolahdude
Hi Matrix

Of the 3 ea's in this thread i've had the most succsess. Any possiblity of adding a blanket tP and SL? That would really be so cool.

Thanks for sharing

The Moolahdude
Yep, I can add that.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,151
  • Nov 3, 2008 1:30pm Nov 3, 2008 1:30pm
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...
Kanggun,
I like your idea.Infact I have been looking at ccfc in that angle. But I am confused in your above post when you said"sell gbpaud,euraud base on aud index." What do you mean by that.
Can you please explain your system in detail.
thanks
Kris
  • #1,152
  • Nov 3, 2008 2:19pm Nov 3, 2008 2:19pm
i believe he is saying that he would only trade in the direction of the two at the most extreme. i.e in his example, he only trades in the direction of the aud and the jpy. all buys towards aud all sells towards jpy.
now, the question is. do you do it EVERY 4h candle, no matter the suggestion. Or if aud is the strongest you'll only still buy aud when the ccfp4h corresponds.
  • #1,153
  • Nov 3, 2008 4:16pm Nov 3, 2008 4:16pm
Quoting harigp
Hi Kangun


Since you are watching your trade closely, What was your maximum drawdown on today,s trade. Has the Loss reached your margin amount before it became profitable
That's the issue that i try to solve.
I like ES idea in the first of this thread, but the problem when we open all the trade at the first 4H candle, sometime price not move as prediction which is caused our basket going minus. And then we come with reversal idea, MTF etc.. this is the beatifull of team work, that's solve the problem (a little) but i still not satisfy hehehehe that's why i try to explore it deeply...

KG
  • #1,154
  • Nov 3, 2008 4:23pm Nov 3, 2008 4:23pm
Quoting John Edwards
I have been following your strategy.... Quite interesting.

Which settings are you using and which FerruFX indicator?

Your entry strategy I understand..... however your exit is as I understand.... You just let it go untill about 15 minutes before closing of the 4 Hrs bar and than close all the trades?

Looking forward to your reply, Jon
Jon, i use the CCFp indicator for this idea. The idea is we only trade all the pairs that have a correlation with the strongest and weakest index. I try to test it on H4 and just open when the candle start and close after the candle finish for observations only. Why we chooce the strongest and weakest only? because in my opinion this currency has high probabilty to move as prediction.

KG
  • #1,155
  • Nov 3, 2008 4:26pm Nov 3, 2008 4:26pm
Quoting ES Trader
Kanggun,
I like your idea.Infact I have been looking at ccfc in that angle. But I am confused in your above post when you said\"sell gbpaud,euraud base on aud index.\" What do you mean by that.
Can you please explain your system in detail.
thanks
Kris
Thank you Kris....
About sell gbpaud, euraud it's caused aud index is strongest.
The detail idea i have explain above in my answer for harigp and jon

KG
  • #1,156
  • Edited 5:31pm Nov 3, 2008 4:37pm | Edited 5:31pm
Could we have an indicator that show the rank of currency Index (Base CCFp current condition) from the strongest to weakest for all TF in one chart?

We will use it to use the idea to trade only the strongest and weakest currency on base TF that we chooce. And Entry when the same conditions is formed in the small TF. Exit strategy we will develope it after or during the test.

Thank you

KG
  • #1,157
  • Nov 3, 2008 5:18pm Nov 3, 2008 5:18pm
This is the old indicator with the lines and + and - symbols.
I still think looking at these lines gives a lot of information about the currencies trend and possible end of trend.
Attached File(s)
File Type: mq4 CCFp_v1[1].0.2b.mq4   24 KB | 756 downloads
File Type: ex4 CCFp_v1[1].0.2b.ex4   28 KB | 587 downloads
  • #1,158
  • Nov 3, 2008 7:02pm Nov 3, 2008 7:02pm
Quoting RickW00716
This is the old indicator with the lines and + and - symbols.
I still think looking at these lines gives a lot of information about the currencies trend and possible end of trend.
I agree with you here. The original lines can give you a good bit of info . I also like the Complex_Pairs1 indicator.
It would be nice if there was a way to keep the lines of all the pairs off except for the pair which chart the indicator is placed on.
I haven't really found a way to do that & make it stick.
Has anyone else?
  • #1,159
  • Edited Nov 4, 2008 3:40pm Nov 3, 2008 7:46pm | Edited Nov 4, 2008 3:40pm
Quoting Kang_Gun
Could we have an indicator that show the rank of currency Index (Base CCFp current condition) from the strongest to weakest for all TF in one chart?

We will use it to use the idea to trade only the strongest and weakest currency on base TF that we chooce. And Entry when the same conditions is formed in the small TF. Exit strategy we will develope it after or during the test.

Thank you

KG

This shows the current currencies level.
I hope it can help.

Lubo
Attached File(s)
File Type: mq4 CCFp_v1.0.2-level.mq4   23 KB | 995 downloads
If I know how, I tell You!! Few but Good!!
  • #1,160
  • Nov 3, 2008 8:13pm Nov 3, 2008 8:13pm
Ho Kanggun,
This is what I have been trying out with the pairs.Combing the strongest and weakest and forming a pair. So far all the trades have been positive. Let me see what happens to his trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 32.gif Size: 42 KB
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